Mr. Suresh Sharma aged 39 years is a Whole Time Director and is Promoter of the Company. He has been associated with the Company since March 17, 2021 and appointed as a Whole Time Director of the Company for the period of five (5) years with effect from December 03, 2022 to December 02, 2027. He has completed his Secondary Education. He has approximately 15 years of work experience in waste management industry. He is instrumental in the growth of the Management of the Project, Planning, Execution and business operations of the company. Mr. Kamlesh Kanhaiyalal Sharma aged 45 years is a Managing Director of the Company. He has been appointed as a Managing Director of the Company for the period of five (5) years with effect from December 03, 2022 to December 02, 2027. He holds a degree in Bachelor of Arts from University of Rajasthan. He possesses approximately with 25 years of phenomenal experience in planning and formulating the overall business and commercial strategy and developing business of Municipal Solid Waste Management projects. Mr. Vikas Sharma aged 44 years is an Executive Director Company. He has been appointed as an Executive director of the company with effect from March 30, 2022. He holds a degree in Bachelor of Arts from University of Rajasthan. He is LLB Graduate from University of Rajasthan in the year 2005. He has approximately 17 years of work experience in waste management industry. He is instrumental in the growth of the business and has developed vibrant relations with the customers. Under his leadership the company has been successful in develop business operations.

A. Balance Sheet

Particular (In Lakhs)	Mar-20	Mar-21	Mar-22	9MFY23
Equity Share Capital	1.00	1.00	1.00	341.00
Reserves	104	187	316	83
Borrowings	96	186	1,218	1,213
Trade Payables	326	101	105	40
Other Liabilities	224	226	476	656
Total Liabilities	646	513	1,799	1,910
Net Block	197	328	1,302	1,315
Other Assets	28	96	154	227
Total NC Assets	225	424	1,456	1,542
Receivables	178	187	309	473
Cash & Bank	149	41	37	40
Other Assets	198	50	314	278
Face value	10	10	10	10

B. Profit & Loss Statement

Particular (In Lakhs)	Mar-20	Mar-21	Mar-22	Mar-23
Sales	1,263	1,573	1,969	3,507
Employee Cost	512	696	840	1,332
Other Expenses	588	697	788	1,517
Other Income	17	15	8	22
Depreciation	65	80	129	332
Interest	17	18	35	140
Profit before tax	97	97	185	208
Tax	22	14	56	66
Net profit	75	83	129	142

C. Cash Flow Statement

Particular (In Lakhs)	Mar-20	Mar-21	Mar-22	9MFY23
Cash From Operating Activity
Profit From Operation	163	189	347	507
Receivable	-154	-9	-122	-164
Payable	163	-224	4	-65
Loans And Advances	-18	152	19	-38
Other WC Items	185	3	13	311
Working Capital Changes	177	-78	-86	43
Direct Taxes	25	28	37	23
Net Cash Inflow from Operating Activity	314	83	224	526
Cash from Investing Activity
Fixed assets purchased	-123	-215	-1104	-263
Fixed assets sold	0	5	0.11	1
Investments purchased	-24	-55	-77	-99
Other investing items	17	6	2	3
Net cash inflow from investing activities	-130	-259	-1178	-358
Cash from Financing Activity
Proceeds from borrowings	0	85	985	0
Repayment of borrowings	22	0	0	61
Intrest paid fin	-17	-18	-35	-105
Net Cash Flow	145	-109	-3	3

 

Name of the Company	Revenue (In Crore)	PAT (In Crore)	EPS ( in Rs)	P/E	CMP	Mcap (In Crore)
Urban Enviro Waste Management Limited	35	1.4	3.27	30.5	100	43
Antony Waste Handling Cell Limited	856	85	24.07	10.6	254	720

* All the data is as per FY23.

Review and Recommendation of Urban Enviro by IZ team is 4/10 1.Urban Enviro is engaged in the Indian Municipal Solid Waste (MSW) management industry. They encompass various aspects of MSW management, including: a) Solid waste collection: Collecting waste from households, slums, commercial establishments, and other bulk waste generators (such as community bins) in designated areas. b) Transportation: Transporting the collected waste using primary collection vehicles like compactors, dumper placers, and tippers to processing facilities, transfer stations, or disposal sites. c) Segregation of waste: Sorting and segregating the MSW to separate different types of waste materials. d) Processing: Composting the waste as required. e) Disposal services: Properly disposing of waste materials in compliance with waste management regulations. 2. Geographic Coverage: Urban Enviro are primarily focused on cities in Gujarat, Rajasthan, Madhya Pradesh, and Maharashtra in India. They work closely with local municipalities in these regions to manage and reduce waste at each stage of the process. 3. Partnerships: Urban Enviro company partners with different local bodies, such as municipalities, to provide MSW management services. These partnerships involve collaboration to effectively manage waste and implement waste reduction strategies. 4. Additional Manpower Services: In addition to MSW management services, they also provides manpower services to various industries and organizations. This includes supplying staff, workers, and skilled/unskilled labor required by these entities. 5. Project Portfolio: As of May 26, 2023, the company has a portfolio of 39 ongoing projects. These projects fall into three main categories: a) MSW projects: Involving door-to-door collection of MSW from various sources, including households, slums, and commercial establishments, followed by transportation to processing facilities or disposal sites. b) MSW processing projects Including the sorting and segregation of MSW materials, as well as composting as necessary. c) Street sweeping projects: Involving the deployment of sweeping brooms, manpower, maintenance, consumables, and waste disposal to clean designated areas. 6. Promoter and Management: Urban Enviro is driven by Mr. Suresh Sharma, the Promoter, who has over 10 years of experience in the solid waste management industry. 7. The revenue has grown from 12 Cr to 35 Cr in the last 4 years. A CAGR growth of 42% . 8. PAT has grown from 75 Lakh to 1.42 Cr in the last 4 years. A CAGr growth of 23% 9. The IPO is coming at P/E of 30x while the peer Antony Waste is trading at P/E of 10x. And, in the last 2 year, the price of Antony has gone down from 407 to 250. So, sector is not very lucarative.

Urban Enviro Waste Management Limited F No 401, Sarkar Apartment, P no. 127, Shankar Nagar, Nagpur - 440010 Phone: +0712 299 6029 Email: info@urbanenv.in Website: http://urbanenviroltd.com/