Best Waste Management & Recycling Stocks in September 2025: Baheti Recycling, Va Tech Wabag & More Based on 1-Yr Return

India’s waste management and recycling industry is witnessing rapid expansion, driven by sustainability initiatives, government policies, and the urgent need for efficient waste handling solutions.
With stricter environmental regulations and rising awareness about circular economy practices, companies in this sector are gaining traction among investors.
Let’s take a look at the top-performing waste management and recycling stocks based on 1 year return.
Top Waste Management & Recycling Stocks in September 2025 – 1 Yr Return Basis
| Name | Sub-Sector | Market Cap (₹ Cr) | PE Ratio | Debt-to-Equity | ↓1Y Return (%) |
| Baheti Recycling Industries Ltd | Metals - Aluminium | 584.42 | 32.45 | 2.44 | 47.34 |
| Va Tech Wabag Ltd | Water Management | 9,075.71 | 30.73 | 0.17 | 11.50 |
| Namo eWaste Management Ltd | Environmental Services | 371.48 | 43.96 | 0.03 | -4.19 |
| Antony Waste Handling Cell Ltd | Environmental Services | 1,622.90 | 19.01 | 0.62 | -17.49 |
| Urban Enviro Waste Mgmt Ltd | Water Management | 132.76 | 12.94 | 1.38 | -32.41 |
| Ion Exchange (India) Ltd | Environmental Services | 5,131.73 | 24.70 | 0.27 | -37.93 |
| EMS Ltd | Construction & Engineering | 2,947.58 | 16.06 | 0.09 | -38.12 |
| Eco Recycling Ltd | Business Support Services | 1,138.03 | 48.59 | 0.07 | -46.36 |
Note: The stocks listed above are ranked based on 1-year return as of September 1, 2025.
Overview of the Best 5 Waste Management & Recycling Stocks in September 2025
1. Baheti Recycling Industries Ltd
Baheti Recycling delivered the strongest return in the segment with 47.34% over the past year. With ROE of 18.93% and ROCE of 74.87%, the company demonstrates operational efficiency.
Despite a small market cap, Baheti is emerging as a key player in aluminium recycling, supported by sustainability driven demand.
2. Va Tech Wabag Ltd
A leading player in water treatment, Va Tech Wabag posted a 11.50% 1-year return.
With a strong balance sheet (debt-to-equity 0.17) and return ratios (ROE 14.88%, ROCE 16.87%), the company continues to benefit from municipal and industrial water projects in India and overseas.
3. Namo eWaste Management Ltd
As a niche player in e-waste recycling, it benefits from increasing awareness and government mandates on safe disposal of electronics.
Namo eWaste has a strong with ROE 13.62% and ROCE 14.71%.
4. Antony Waste Handling Cell Ltd
Its diversified portfolio of waste collection, transportation, and landfill management keeps it relevant in India’s urban waste management ecosystem.
Antony Waste maintains solid return ratios (ROE 12.91%, ROCE 15.27%).
5. Urban Enviro Waste Management Ltd
Urban Enviro faced a steep -32.41% return, mainly due to high leverage (debt-to-equity 1.38).
However, it has one of the strongest return ratios in the sector (ROE 51.80%, ROCE 39.72%).
Conclusion
Waste management and recycling stocks present a mix of opportunities and risks. While Baheti Recycling has delivered outstanding gains with efficiency driven growth, Va Tech Wabag remains a steady compounder in water management.
Niche players like Namo eWaste and Antony Waste show strong underlying profitability despite stock declines, while Urban Enviro demonstrates operational strength but struggles under debt pressure.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Sep 1, 2025, 4:08 PM IST

Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
Know More- Jewellery Stocks Rally as Gold Prices Surge, PC Jeweller Lead Gains
- Gold Financier Stocks Muthoot Finance and Manappuram Finance Share Price Jump Up to 6% as Gold Prices Rally
- Sensex Recovers from Day’s Low to End Above 77,350
- Key Corporate Action This Week (August 24 to 28, 2026): Gillette India, Procter & Gamble Health, MCX and More in Focus
- Top Gainers and Losers on August 24, 2026: JSW Steel Leads Gains, SBI Life Insurance Tops Losers


