Waste Management Stocks: top Recyclable Stocks in 2024

India Waste Management: Overview

India's waste collection and waste management industries are strengthened by the country's increasing industrialization and population. While the "circular economy" concept is much in vogue in today's world, it still faces problems due to the lack of adequate legislation waste management infrastructure, and recycling infrastructure in the country.

A wide range of companies are springing up with creative approaches to trash management and ways to turn garbage into useful resources. However, a significant level of knowledge is necessary to properly solve the issues in this market.

Detailed Video

 

3Rs in Waste Management

The three Rs in waste management are Reduse, Reuse, and Recycle.

 

India Waste Management Market

With a CAGR of 6.10%, the expected value of USD 17.30 Bn in 2029 will rise from USD 12.90 Bn in 2024.

With such a high population density in India, industrial activity is rapidly increasing, thus generating gigantic volumes of hazardous as well as non-hazardous garbage, the waste management industry is growing healthily.

The idea of a circular economy is very recent in India, but it spreads fast. Even though only 30% of India's 75% recyclable waste is currently recycled, the industry has a huge amount of untapped potential. The poor status of waste management in the nation is a result of ineffective infrastructure and inadequate policies for recycling, disposal, and garbage collection.

 

Waste Segments In India

Waste Management Policies in India

• Net zero By 2070.

• Swachh Bharat Mission Urban 2.0 (SBM-U 2.0), 2021

• Swachh Bharat Mission-Grameen Phase II, 2019

• Waste to Wealth Mission

• Solid Waste Management Rules, 2016

• Swachh Bharat Mission, 2014
  
  

Waste Management Companies

 

 

In this blog, we are discussing some best waste management stocks in India. Let’s see these top recyclable stocks in detail.

Best Waste Management Stocks

Below is the waste management stock list for 2024. 

1. Va Tech Wabag 

The company offers water treatment, desalination, reclamation of water, sludge treatment, and wastewater treatment services. Among its endeavors are the Putatan Water Treatment Plant, the Upper Ruvu Water Treatment Plant, the Sundarijal Water Treatment Plant, and the Muttenz Water Treatment Plant.

The Va Tech Wabag PE ratio is 43.6, ROE is 13.8%. The book value is 292. The market cap of Va Tech Wabag is Rs.10,911 Cr. Va Tech Wabag's share price is Rs.1,754 as of June 2024.

This company has 19.12% reserved for promoters, 11.52% for foreign Institutions (FIIs), the DIIs 4.99%, and the public 64.35% as of June 2024.

Va Tech Wabag's stock return for 1 year is 283%

2. Gravita India Ltd. 

Four specialist verticals comprise the company's operations are lead recycling (flagship), plastic recycling, aluminum recycling, and turnkey projects.

The company is also adept in recycling used batteries, wire, plastic, aluminum, and other lead trash, among other materials.

Gravita PE ratio is 67.8, ROE is 33.7%. The book value is 121. The Gravita market cap is Rs.17,242 Cr.

This company has 63.37% reserved for promoters, 14.01% for foreign Institutions (FIIs), public 17.95%, and DIIs 3.21% as of September 2024. 

Gravita one year Stock returns are 152%.

3. Eco Recycling Ltd.

Eco Recycling Ltd. (Ecoreco), which offers end-to-end solutions for reverse logistics, data destruction, ITAD (information technology asset disposal), e-waste recycling, lamp recycling, precious metal recovery, and the implementation of CSR and the pioneer and most prosperous e-waste management company in India, implementing CSR and EPR programs.

Eco Recycling Ltd. is the first and most prosperous e-waste management firm in India.

(Ecoreco), which provides end-to-end solutions for reverse logistics, data destruction, ITAD (information technology asset disposal), e-waste recycling, lamp recycling, precious metal recovery, and the execution of CSR and EPR initiatives.

The Eco Recycling PE ratio is 89.5, ROE is 28.6%. The book value is 33.9. The market cap of Eco Recycling is Rs.1,782 Cr.

This company has 73.35% reserved for promoters, 1.19% for foreign Institutions (FIIs), 25.47% for public as of September 2024. 

Eco Recycling Stock returns for 1 year are 281%.

4. Antony Waste Handling Cell Ltd.

The operations of Antony garbage Handling Cell Ltd include mechanical power road sweeping, garbage collecting and transportation, waste-to-energy projects, and the design, building, running, and upkeep of an integrated waste management facility in Kanjurmarg, Mumbai.

It is among top companies that operated for about 20 years.

The Antony Waste PE ratio is 25.8, ROE is 16.3%. The book value is 202. The Antony Waste market cap is Rs.2212 Cr.

This company has 46.07% reserved for promoters, 10.79% for foreign Institutions (FIIs), 5.14% for DIIs, 37.93% for public, and others is 0.07% as of June 2024. 

Antony Waste Stock returns for 1 year are 108%.

5. Tinna Rubber & Infrastructure Ltd.

The company's main activities are value-added product manufacture and the recycling of waste tires and end-of-life tires (ELT). It produces bitumen emulsion, recycled rubber/ultrane crumb rubber compound, cut wire shoots, crumb rubber, crumb rubber modifier (CRM), crumb rubber modified bitumen (CRMB), and polymer modified bitumen (PMB). The road, tire, and car part industries are the main uses for the products.

The Tinna Rubber PE ratio is 58.7, ROE is 36%. The book value is 74.6. The Tinna Rubber market cap is Rs.2912 Cr.

This company has 71.94% reserved for promoters, 1.25% for foreign Institutions (FIIs), 0.05% for DIIs, 0.33% for the Government, and 26.43% for public as of September 2024. 

Conclusion

Therefore, this industry will undoubtedly grow at the same rate as India's population and development. Notwithstanding the enormous potential of the circular economy concept, inadequate regulations and infrastructure still stand in the way. Companies like Va Tech Wabag, Gravita India, Eco Recycling, Antony Waste, and Tinna Rubber are making a good run through innovative solutions in waste management products with promise and much potential for the growth sector in the future.

Disclaimer

This blog is NOT any buy or sell recommendation. We do NOT encourage/advise/suggest/recommend anyone to involved or invest in stock buying selling or trading activities. Trading or buying or selling securities is a market risk-based activity.

This information or hierarchy of selected stocks in this blog should NOT be taken as recommendation/investment advice/offers/solicitations for the buy or sale of any securities. Investors should do research, consult with their financial advisors, and consider their risk tolerance, financial ambitions, and investment goals before financial investments.