Organic Recycling Systems Ltd
Incorporated in 2008, Organic Recycling Systems Limited is an engineering company offering sustainable waste management solutions.[1]
- Market Cap ₹ 281 Cr.
- Current Price ₹ 365
- High / Low ₹ 395 / 209
- Stock P/E 22.4
- Book Value ₹ 115
- Dividend Yield 0.00 %
- ROCE 7.95 %
- ROE 14.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 3.18 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 20.4%
- Tax rate seems low
- Company has a low return on equity of 7.65% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 470 days.
- Working capital days have increased from 69.6 days to 330 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
Sector: Miscellaneous Industry: Miscellaneous
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 | TTM | |
|---|---|---|---|---|---|
| 13 | 15 | 25 | 27 | 32 | |
| 12 | 15 | 13 | 17 | 19 | |
| Operating Profit | 0 | -1 | 11 | 11 | 14 |
| OPM % | 1% | -5% | 46% | 39% | 42% |
| 3 | 3 | 1 | 0 | 0 | |
| Interest | 1 | 2 | 2 | 2 | 0 |
| Depreciation | 6 | 6 | 5 | 3 | 2 |
| Profit before tax | -4 | -5 | 5 | 7 | 12 |
| Tax % | 0% | 0% | 22% | -16% | |
| -4 | -5 | 4 | 8 | 13 | |
| EPS in Rs | -3,253.62 | -3,876.81 | 7.02 | 10.09 | 16.26 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 30% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 56% |
| TTM: | 117% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 40% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 8% |
| Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 5 | 8 | 8 |
| Reserves | 13 | 8 | 20 | 74 | 80 |
| 55 | 55 | 70 | 33 | 32 | |
| 35 | 44 | 24 | 20 | 21 | |
| Total Liabilities | 103 | 107 | 119 | 135 | 141 |
| 69 | 65 | 60 | 56 | 67 | |
| CWIP | 3 | 6 | 10 | 17 | 7 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 31 | 36 | 49 | 63 | 67 | |
| Total Assets | 103 | 107 | 119 | 135 | 141 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| -0 | 8 | -24 | 3 | |
| -4 | -7 | -4 | -5 | |
| 4 | -2 | 28 | 10 | |
| Net Cash Flow | 1 | -1 | -0 | 8 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 423 | 499 | 462 | 470 |
| Inventory Days | 114 | |||
| Days Payable | 751 | |||
| Cash Conversion Cycle | 423 | 499 | 462 | -166 |
| Working Capital Days | -129 | -402 | 281 | 330 |
| ROCE % | -6% | 9% | 8% |
Documents
Announcements
-
Shareholder Meeting / Postal Ballot-Outcome of EGM
11 Dec - Proceedings of Extra-ordinary General Meeting held on December 11, 2024.
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
11 Dec - Voting results of EGM held on December 11, 2024.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
4 Dec - Organic Recycling Systems expands Research Innovation Centre for bioenergy.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 3 Dec
-
Service Tax Demand Order
23 Nov - Received service tax demand order of Rs. 1.69 crores.
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.