The Indian Government constantly emphasises the need to make the country clean and waste-free through its Swacch Bharat projects. Waste management firms can help the government attain this goal. These companies collect, transport, recycle, dump, and treat waste.

Investing in their shares makes sense because of the ongoing necessity for waste management companies in society.

Here are some options if you are looking for stocks in this category.

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Waste management stocks to consider in 2024

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1. Ganesha Ecosphere (Incorporated in 1987)

Ganesha Ecosphere stands as one of India's largest PET waste recycling players, known for its diversified product portfolio derived from recycled PET bottles. Its products include Recycled Polyester Staple Fiber (RPSF), specialty yarns, spun yarns, filament yarns, and bottle-grade rPET granules. With a total installed capacity of 168,440 tons and a bottle-to-bottle recycling capacity of 42,000 MTPA—one of the largest in India—the company is at the forefront of the country's recycling sector.

What sets Ganesha Ecosphere apart is its large-scale bottle-to-bottle recycling facility with approvals from the US-FDA, EFSA, and FSSAI, ensuring high safety and quality standards. The company serves over 400 customers across 20+ countries, backed by a reliable collection network of 250+ suppliers across India. This network mobilizes about 350 tons of PET bottle waste daily, helping the company recycle 16-18% of India’s PET bottle waste.

With a legacy of over three decades in the industry, Ganesha Ecosphere has built a strong reputation as a key player in promoting a circular economy through its innovative recycling practices. This makes it an attractive investment option in the waste management and recycling sector for 2024.

2. Gravita India

Gravita India Limited is a frontrunner in the metal recycling and lead manufacturing industry. The company's network spans over 70 countries and a customer base in over 38 countries. Gravita India’s business verticals are diverse, including:

• Lead manufacturing
• Aluminium alloys
• Plastic granules
• Turnkey solutions for the recycling industry.

Here are the insights into Gravita India Limited stocks:

• In the last year, Gravita India's average return was 85.89%. The 52-week high and low are 1166.00 and 440.10, respectively.
• There is no red flag on the company's operations.
• Gravita India’s stock is slightly overpriced, but the good thing is that it is not in the overbought zone.

3. Antony Waste Handling Cell

AWHC is a frontrunner in India's Municipal Solid Waste Management sector. It was founded in 2001. This company is noted for its undertaking projects, such as:

• Municipal Corporation of Greater Mumbai
• The Navi Mumbai Municipal Corporation
• The Thane Municipal Corporation
• The North Delhi Municipal Corporation

The company's services encompass

• Waste collection
• Transportation
• Processing
• Treatment
• Waste-to-energy projects

AWHC launched its IPO in December 2020. Here are some insights into this company's stocks.

• In the last year, the company gave a return of 81.07%. This stock's 52-week high and low are Rs 579.25 and Rs 241.80, respectively.

• AHWC's FY PE is 19.43, and its PB ratio is 2.14, which are both higher than the industry average.

• However, experts believe that the current price of this stock is slightly overvalued.

4. Felix Industries

Founded by Ritesh Patel in 2012, this company is based on four principles: Recycling, Reusing, Recovering, and Reducing.

Felix Industries' portfolio includes:

• Water and waste-water engineering
• E-waste recycling
• Industrial piping division

Their capabilities extend to product recovery, evaporation and reject treatment, oil and grease removal systems, effluent and sewage treatment, and specialty membranes.

Felix Industries' approach to water reclamation includes:

• Zero liquid discharge systems
• Water recovery systems
• Effluent recycling systems
• Reverse osmosis membrane systems
• Ultra-filtration and nano-filtration systems
• Pre-treatment and post-treatment chemicals.

Their integrated business model for E-waste recycling ensures safe handling and systematic collection.

The key information associated with Felix Industries stocks are:

• In the last year, the company has yielded 208.74% returns. This stock's 52-week high and low are Rs 419.75 and Rs 74.25, respectively.

• It has had moderate financial growth in the past few years.

• Felix Industries stocks are not in the overbought zone.​​​​​​​

5. Baheti Recycling Industries Limited (BRIL)

BRIL was established in 1994. It has been a pioneer in the metal recycling industry, particularly in the recycling of aluminium and the production of ferro alloys.

The company has expanded its operations with a state-of-the-art production facility in Dehgam District, Gujarat. Its product portfolio includes superior-grade metals, aluminium alloys, and ingots designed to meet stringent customer requirements.

The company’s strategic partnerships and client relationships span the Indian Steel Industry, South Korea, the Middle East, and beyond.

Here are the critical insights into the company’s stocks.

• In the last year, BRIL’s average return was 132.65%. The 52-week high and low are 233.85 and 74.00, respectively.

• The company has no red flags regarding regulatory sanctions or disputes.

• Experts propose the current price as an entry point because the stocks are not in the overbought zone.

Conclusion

The waste management sector is still in its early stages. There are no large-cap companies in this category. Although the sector has great potential, it is nevertheless essential that you conduct research on the company's financials, historical returns, and current headlines before making a decision.

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