Organic Recycling Systems Ltd
Incorporated in 2008, Organic Recycling Systems Limited is an engineering company offering sustainable waste management solutions.[1]
- Market Cap ₹ 220 Cr.
- Current Price ₹ 254
- High / Low ₹ 400 / 240
- Stock P/E 10.5
- Book Value ₹ 140
- Dividend Yield 0.00 %
- ROCE 12.2 %
- ROE 14.6 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 18.1%
- Tax rate seems low
- Company might be capitalizing the interest cost
- Company has high debtors of 304 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 13 | 15 | 25 | 27 | 44 | 56 | |
| 12 | 15 | 13 | 17 | 28 | 36 | |
| Operating Profit | 0 | -1 | 11 | 11 | 16 | 20 |
| OPM % | 1% | -5% | 46% | 39% | 36% | 36% |
| 3 | 3 | 1 | 0 | 5 | 6 | |
| Interest | 1 | 2 | 2 | 2 | 0 | 0 |
| Depreciation | 6 | 6 | 5 | 3 | 3 | 3 |
| Profit before tax | -4 | -5 | 5 | 7 | 17 | 22 |
| Tax % | 0% | 0% | 22% | -16% | 7% | |
| -4 | -5 | 4 | 8 | 16 | 21 | |
| EPS in Rs | -3,253.62 | -3,876.81 | 7.02 | 10.09 | 18.15 | 24.32 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 44% |
| TTM: | 73% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 70% |
| TTM: | 68% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -28% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 5 | 8 | 9 | 9 |
| Reserves | 13 | 8 | 20 | 74 | 127 | 112 |
| 55 | 55 | 70 | 33 | 36 | 44 | |
| 35 | 44 | 24 | 20 | 22 | 24 | |
| Total Liabilities | 103 | 107 | 119 | 135 | 194 | 189 |
| 69 | 65 | 60 | 56 | 61 | 65 | |
| CWIP | 3 | 6 | 10 | 17 | 18 | 25 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 31 | 36 | 49 | 63 | 115 | 100 | |
| Total Assets | 103 | 107 | 119 | 135 | 194 | 189 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -0 | 8 | -24 | 3 | -7 | |
| -4 | -7 | -4 | -5 | -17 | |
| 4 | -2 | 28 | 10 | 41 | |
| Net Cash Flow | 1 | -1 | -0 | 8 | 17 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 423 | 499 | 462 | 470 | 304 |
| Inventory Days | 114 | 176 | |||
| Days Payable | 751 | 92 | |||
| Cash Conversion Cycle | 423 | 499 | 462 | -166 | 389 |
| Working Capital Days | -357 | -587 | 239 | 306 | 312 |
| ROCE % | -6% | 9% | 8% | 12% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
25 Nov - ORSL signs MoU with IIT (BHU) Varanasi to develop biogas, AD, microbial and digestate valorisation technologies.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
18 Nov - ORSL part of DKK 1,028,800 GINP grant (Jan 2026–Mar 2027) for mango waste valorisation.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)
13 Nov - H1FY26: Revenue Rs299.10mn (+70.2%), PAT Rs121.16mn (+78.9%), EBITDA Rs137.00mn; cash Rs8.01mn.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
13 Nov - H1FY26 revenue Rs299.10mn (+70.2%); PAT Rs121.16mn (+78.9%).
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Result - Financial Result For Half Year Ended 30Th September 2025
12 Nov - Unaudited standalone and consolidated H1 results for period ended Sep 30, 2025; limited review; ₹26.21 crore preference redemption.
Annual reports
Concalls
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Jun 2025TranscriptNotesPPT
Business Profile[1]
Co. is an engineering company focused on environmental solutions and providing waste management solutions across waste types and across the value chain.