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Best Waste Management Stocks in NSE

Waste management stocks track a sector tied closely to urbanisation, regulation, and sustainability goals. India generates over 62 mn tonnes of municipal solid waste annually. Government initiatives such as the Swachh Bharat Mission and stricter waste-processing norms have increased formal waste collection and treatment, thereby improving revenue visibility for listed waste management companies.

Top Waste Management Stocks in 2026

Waste Management Stock Screener

Waste Management Stock Screener: Analyse & Filter Indian Stocks on Tickertape

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NameStocks (8)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓PE RatioPE Ratio↓↓1D Return1D Return↓↓1M Return1M Return↓↓6M Return6M Return↓↓1Y Return1Y Return↓↓PB RatioPB Ratio↓↓Return on EquityReturn on Equity↓↓ROCEROCE↓↓Dividend YieldDiv Yield↓↓Debt to EquityDebt to Equity↓↓Volatility vs NiftyVolatility vs Nifty↓
1.Va Tech Wabag LtdWABAGWater ManagementWater Management6,714.236,714.231,070.101,070.1022.7422.74-0.71-0.71-18.39-18.39-32.04-32.04-20.72-20.723.133.1314.8814.8816.8716.870.370.370.170.172.892.89
2.Ion Exchange (India) LtdIONEXCHANGEnvironmental ServicesEnvironmental Services4,354.204,354.20350.45350.4520.9520.95-1.06-1.06-8.05-8.05-23.28-23.28-37.94-37.943.603.6018.6418.6420.0120.010.490.490.270.272.692.69
3.EMS LtdEMSLIMITEDConstruction & EngineeringConstruction & Engineering1,859.171,859.17337.40337.4010.1310.130.780.78-22.74-22.74-44.39-44.39-56.78-56.781.901.9020.6420.6424.2624.260.450.450.090.092.972.97
4.Antony Waste Handling Cell LtdAWHCLEnvironmental ServicesEnvironmental Services1,600.161,600.16515.90515.9018.7518.75-8.53-8.535.975.97-14.38-14.38-12.96-12.961.951.9511.1011.1013.6913.69--0.620.623.733.73
5.Eco Recycling LtdECORECOBusiness Support ServicesBusiness Support Services852.63852.63390.00390.0012.9412.94-11.73-11.73-12.02-12.02-36.33-36.33-53.05-53.059.529.5283.9083.9033.5833.58--0.050.053.873.87
6.Baheti Recycling Industries LtdBAHETIMetals - AluminiumMetals - Aluminium639.48639.48607.45607.4535.5135.51-1.51-1.511.241.246.496.4943.2743.2710.8210.8235.7535.7552.2552.25--2.682.683.513.51
7.Namo eWaste Management LtdNAMOEWASTEEnvironmental ServicesEnvironmental Services392.06392.06171.75171.7546.4046.400.170.17-5.76-5.76-10.85-10.85-8.16-8.164.424.4213.6213.6214.7114.71--0.030.034.484.48
8.Urban Enviro Waste Management LtdURBANWater ManagementWater Management119.94119.94139.50139.5011.6911.690.720.72-5.93-5.93-12.95-12.95-49.30-49.303.763.7638.3538.3530.5530.55--1.291.293.973.97
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Waste Management Stocks, based on publicly available information and is sorted by market cap.

Union Budget Allocations and Updates Affecting the Waste Management Sector in India

  1. Swachh Bharat Mission Allocations: The Union Budget 2024-25 allocated ₹12,192 cr for Swachh Bharat Mission (₹5,000 cr. urban, ₹7,192 cr. rural), unchanged since 2022-23. SBM-U 2.0 has a total outlay of ₹1,41,600 cr. for 2021-26, focusing on Open Defecation Free outcomes, scientific solid waste processing, and wastewater management.
  2. Infrastructure Development:The budget announced promotion of water supply, sewage treatment, and solid waste management projects for 100 large cities through bankable projects in partnership with state governments and multilateral development banks, though specific allocations remain under clarification.

How to Invest in Waste Management Stocks?

Investing in waste management stocks using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in waste management stocks in India:

  1. Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
    2. 

  2. Search for Waste Management Stocks: Go to Tickertape Stock Screener and search for waste management stocks in India.
    3. 

  3. Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or dividend yield. You can create your own custom filter if your preferred parameters are not available. This can help you narrow down the top waste management stocks in India.
    4. 

  4. Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
    5. 

  5. Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
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  6. Invest Through Your Broker: Once you’ve identified waste management stocks that align with your investment thesis, you can place a buy order through your brokerage account linked to Tickertape.
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Overview of the Top Waste Management Stocks

Va Tech Wabag Ltd

Va Tech Wabag operates in the water treatment and desalination sector, providing engineering, procurement, and construction services. The company serves municipal and industrial clients across India and international markets, focusing on water and wastewater treatment solutions for various applications.

Ion Exchange (India) Ltd

Ion Exchange provides water and environment management solutions, offering products and services in water treatment, wastewater management, and chemical processing. The company serves diverse industries, including power, pharmaceuticals, and municipal corporations, through its engineering and manufacturing capabilities.

EMS Ltd

EMS Ltd operates in the waste management sector, providing services including solid waste collection, transportation, processing, and disposal. The company handles municipal solid waste contracts and operates waste-to-energy facilities across various Indian cities.

Antony Waste Handling Cell Ltd

Antony Waste Handling Cell provides integrated waste management services, including collection, transportation, processing, and disposal of municipal solid waste. The company operates across multiple Indian cities, managing waste treatment facilities and handling contracts with municipal corporations.

Eco Recycling Ltd

Eco Recycling processes lead-acid batteries and manufactures lead products through its recycling operations. The company focuses on the sustainable recovery of lead and allied metals from used batteries, serving automotive and industrial battery manufacturers.

What are Waste Management Stocks?

Waste management stocks in India represent listed companies that provide services such as waste collection, transportation, recycling, treatment, and disposal. The listed waste management companies in India handle various types of waste, including municipal waste, industrial waste, electronic waste (e-waste), and hazardous waste.

In India, the country generates about 62 mn tonnes of municipal solid waste each year, and this amount is expected to grow to 165 mn tonnes by 2030. Currently, only around 70% of this waste gets collected, and just 20% of it is treated, which shows a significant potential for growth and investment opportunities in the waste management sector.

Market Size of Waste Management Sector in India

  1. The waste management market is estimated at USD 13.6 bn in 2025, expected to grow to USD 19.26 bn by 2030, with a robust CAGR of 7.21%.
  2. Another projection estimates the market reaching USD 94.3 bn by 2030, with a CAGR of 6.4%, making India the fastest‑growing market in Asia–Pacific.
  3. A more conservative view places the solid waste management segment at USD 12.21 bn in 2024, climbing to USD 21.86 bn by 2033 (CAGR ~6.18%).
  4. The sector, including broader industry drivers, is expected to expand from USD 25.1 bn in 2023 to USD 39.07 bn by 2030 at a CAGR of 6.5%.

Advantages of Investing in Waste Management Stocks

Recession‑Resilient Demand

People produce waste continuously, which keeps demand steady even during recessions and brings reliable revenue for the listed waste management companies in India.

Policy Support and Funding

The government backs this sector through major investments under Swachh Bharat Mission – Urban (SBM-Urban) and Gramin (SBM-Gramin). These programs expand infrastructure and services.

High Growth Potential

This sector has high growth potential. Waste volumes keep rising while current treatment rates remain low, and future projections look promising.

Environmental and ESG Appeal

Impact investors who focus on Environmental, Social, and Governance (ESG) principles are attracted to companies with environmentally sustainable practices, particularly in recycling and waste-to-energy.

Technological Differentiation

The listed waste management companies in India gain a competitive edge when they use advanced technologies like smart recycling methods, Extended Producer Responsibility (EPR) platforms, or digital waste solutions such as Recykal.

Risks of Investing in Waste Management Stocks in India

Regulatory Execution Gaps

Policies like SBM are comprehensive, but delays and gaps in implementation and infrastructure limit how effective they actually are.

Fragmented and Competitive Space

The industry has many small competitors, which makes scaling operations difficult and achieving strong profitability harder.

Infrastructure and Logistics Bottlenecks

Inefficient waste collection and limited treatment facilities restrict how well companies can perform.

Commodity and Input Price Volatility

Fluctuating commodity and input waste management share prices create risks for recycling companies and squeeze their profit margins.

Urban Concentration and Financial Stability

Companies depend heavily on urban contracts and public budgets. This creates revenue risks, particularly during economic downturns.

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Factors to Consider Before Investing in Waste Management Stocks

Financial Strength & Scalability

Investors can look for companies with strong margins, cash flows, and the ability to scale (examples: Va Tech Wabag, Eco Recycling).

Technological Edge

Companies that use waste-to-energy, smart recycling platforms, or digital EPR solutions have distinct advantages (example: Recykal).

Policy Alignment & Tender Access

Track records matter. Companies that have successfully executed government-backed urban or rural programs stand in a better position.

Diversified Service Portfolio

Companies offering multiple services—collection, recycling, energy, industrial waste—handle industry shifts better than those with single focus areas.

ESG Reporting & Environmental Impact

Clear sustainability metrics and initiatives give companies a stronger brand reputation and investor support.

Geographic Presence & Market Reach

Companies with a broad regional reach can capitalise on the country-wide under-penetration of waste services.

Conclusion

Waste management stocks in India offer both growth potential and sustainability impact. Strong policies, rising urbanisation, and technological innovation create opportunities in this space. But you need to evaluate execution risks, market fragmentation, and financial health carefully before investing.

The Tickertape Stock Screener gives you access to over 200 filters. You can use it to identify waste management stocks that match your investment criteria—tracking metrics like revenue growth, margins, debt, and return ratios before you make your decision.

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Frequently Asked Questions on Waste Management Stocks

  1. What are waste management stocks?

    These represent companies involved in the collection, processing, recycling, and disposal of waste materials, as well as producing energy from waste.

  2. What is the future projection of waste management stocks?

    India’s waste management sector is expected to grow at a CAGR of 7–9% due to urbanisation, stricter environmental norms, and demand for sustainable solutions.
    Disclaimer: This is only for educational purposes, as the latest data is derived from major financial research reports.

  3. How to choose waste management stocks for investing?

    Here’s how to choose waste management stocks in India for investing -
    - Look at companies with strong municipal contracts.
    - Evaluate waste-to-energy capabilities.
    - Check compliance with environmental regulations.
    - Assess financial health and scalability.
    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  4. Do waste management stocks offer regular dividends?

    Dividend payouts vary; large, stable players may provide regular dividends, but emerging firms often prioritise reinvestment.
    Disclaimer: This is only for educational purposes, as the latest data is derived from Tickertape Stock Screener.

  5. What are the factors affecting waste management share prices?

    Factors affecting waste management share prices typically include -
    - Government waste management policies.
    - Urbanisation and population growth rates.
    - Technological adoption in recycling and disposal.
    - Cost of waste collection and fuel.
    Disclaimer: Please note that this information is not a recommendation. Please do your own research or consult your financial advisor before investing.

  6. What are the top waste management stocks?

    As of 18th December 2025, the best waste management stocks as per market capitalisation include: 

    1. Va Tech Wabag Ltd
    2. Ion Exchange (India) Ltd
    3. EMS Ltd
    4. Antony Waste Handling Cell Ltd
    5. Eco Recycling Ltd

    Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.