Will the latest contract wins be the catalyst to reverse Antony Waste Handling Cell's share price decline? The company's stock has been under pressure since May 2025, losing 36% of its value. But the new contracts could change the narrative.
In a significant development, Antony Waste Handling Cell's subsidiary, AG Enviro Infra Projects Private Limited, has secured two large-scale collection & transportation contracts from the Brihanmumbai Municipal Corporation (BMC). The joint venture will manage the collection and transportation of approximately 1,250 metric tons per day (MTPD) of municipal solid waste across key Mumbai wards.
The seven-year contracts are expected to enhance revenue visibility, support the company's strategy of building a resilient management portfolio, and further strengthen its ability to deliver sustainable growth and long-term value for stakeholders. The contract wins also reinforce the company's leadership in executing large-scale municipal waste operations across India's urban markets.
From a technical analysis perspective, the stock's decline has caused it to shed 50% of its value from its peak of ₹902 per share, recorded in July 2024. However, the latest contract wins could provide a much-needed boost to the stock. In the Indian market context, the Nifty and Sensex have been volatile, and the Bank Nifty has been under pressure. However, the waste management sector has been gaining traction, driven by the government's focus on sustainable development and waste management.
Historically, the stock has shown resilience in the face of market volatility, and the company's strong financial performance has been a key driver of its growth. The company's operating revenue for the September quarter (Q2FY26) grew 16% YoY, reaching ₹233 crore, driven by higher volumes and escalated contracts.
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Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of the author. We advise investors to check with certified experts before making any investment decisions.
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