Antony Waste Handling Cell Limited (AWHCL.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-19.1%

₹234.50

vs ₹289.90 price

Levered DCF

-₹527.15

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	14.13×	17.96×	16.15×	10.29×	10.84×	14.11×	22.91×	40.05×
P/B	1.44×	2.33×	2.43×	1.44×	1.77×	1.83×	2.8×	5.53×
P/S	1.01×	1.64×	1.59×	0.82×	1.14×	1.37×	1.39×	3.49×
EV / EBITDA	5.99×	7.84×	9.19×	6.08×	5.04×	5.29×	6.71×	15.26×
Gross margin	56.9%	58.6%	58.6%	33.3%	99.8%	99.7%	99.8%	38.5%
Operating margin	12.2%	14.6%	43.7%	13.6%	18.1%	18.4%	26.5%	20.6%
Net margin	7.2%	9.1%	9.9%	8.0%	10.5%	9.7%	6.1%	8.7%
Current ratio	1.18×	1.22×	1.3×	1.31×	1.44×	1.59×	1.15×	0.72×
Debt / equity	0.62×	0.77×	0.78×	0.73×	0.42×	0.44×	0.95×	1.03×
Interest coverage	2.11×	2.45×	12.68×	4.35×	5.69×	2.99×	3.94×	2.5×
Dividend yield	0.0%	0.0%	0.0%	0.3%	0.0%	0.0%	0.0%	0.6%
Payout ratio	0.0%	0.0%	0.0%	3.5%	0.0%	0.0%	0.0%	22.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	10.2%	12.9%	15.0%	14.0%	16.3%	12.9%	12.2%	13.8%
Return on invested capital	8.8%	8.1%	27.6%	8.9%	11.8%	11.7%	14.8%	8.4%
Return on assets	4.3%	5.2%	5.9%	5.4%	7.0%	5.7%	4.0%	4.4%
Free cash flow yield	3.5%	-3.5%	-1.3%	-25.4%	-0.4%	14.6%	0.0%	-3.7%
Earnings yield	7.1%	5.6%	6.2%	9.7%	9.2%	7.1%	4.4%	2.5%
Enterprise value	₹14.1B	₹19.1B	₹17.7B	₹10B	₹8.4B	₹6.9B	₹8.1B	₹11.5B
Net debt / EBITDA	1.47×	1.56×	1.95×	1.84×	0.62×	0.41×	1.55×	2.15×
Cash conversion cycle (days)	27	9	6	-63,668	-26,712	-18,840	-18,171	31