Organic Recycling Systems Ltd
₹ 226
5.69%
11 Nov
- close price
About
Incorporated in 2008, Organic Recycling Systems Limited is an engineering company offering sustainable waste management solutions.[1]
Key Points
- Market Cap ₹ 375 Cr.
- Current Price ₹ 226
- High / Low ₹ 231 / 137
- Stock P/E 13.0
- Book Value ₹ 89.0
- Dividend Yield 0.00 %
- ROCE 16.6 %
- ROE 20.3 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 50.0% CAGR over last 5 years
Cons
- Stock is trading at 2.54 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -3.03%
- Promoter holding is low: 15.1%
- Tax rate seems low
- Company might be capitalizing the interest cost
- Company has high debtors of 242 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
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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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 13 | 15 | 25 | 27 | 48 | 105 | 152 | |
| Sales growth | +17% | +69% | +11% | +76% | +117% | +147% | |
| 12 | 15 | 13 | 17 | 27 | 74 | 117 | |
| Operating Profit | 0 | -1 | 11 | 11 | 21 | 31 | 35 |
| OPM % | 1.4% | -4.6% | 46% | 39% | 43% | 29% | 23% |
| 3 | 3 | 1 | 0 | 0 | 1 | 1 | |
| Interest | 1 | 2 | 2 | 2 | 0 | 1 | 1 |
| Depreciation | 6 | 6 | 5 | 3 | 4 | 4 | 5 |
| Profit before tax | -4 | -5 | 5 | 7 | 17 | 26 | 31 |
| Tax % | 0% | 0% | 22% | -16% | 7% | 5% | |
| -4 | -5 | 4 | 8 | 16 | 25 | 29 | |
| EPS in Rs | 4.68 | 6.76 | 12.02 | 19.29 | 20.11 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 53% |
| 3 Years: | 62% |
| TTM: | 147% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 50% |
| 3 Years: | 90% |
| TTM: | 37% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| 1 Year: | 20% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 17% |
| Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 5 | 8 | 9 | 9 | 16 |
| Reserves | 13 | 8 | 20 | 74 | 115 | 114 | 123 |
| 55 | 55 | 70 | 33 | 37 | 46 | 57 | |
| 35 | 44 | 24 | 20 | 22 | 42 | 41 | |
| Total Liabilities | 103 | 107 | 119 | 135 | 183 | 210 | 236 |
| 69 | 65 | 60 | 56 | 61 | 65 | 71 | |
| CWIP | 3 | 6 | 10 | 17 | 18 | 35 | 28 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 31 | 36 | 49 | 63 | 105 | 110 | 137 | |
| Total Assets | 103 | 107 | 119 | 135 | 183 | 210 | 236 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -0 | 8 | -24 | 3 | -10 | 19 | |
| -4 | -7 | -4 | -5 | -13 | -23 | |
| 4 | -2 | 28 | 10 | 40 | -18 | |
| Net Cash Flow | 1 | -1 | -0 | 8 | 17 | -23 |
| Free Cash Flow | -4 | 1 | -28 | -2 | -21 | -6 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -122% | -1,170% | -210% | 30% | -46% | 63% |
Ratios
Consolidated / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 423 | 499 | 462 | 470 | 382 | 242 |
| Inventory Days | 114 | 176 | 70 | |||
| Days Payable | 751 | 375 | 85 | |||
| Cash Conversion Cycle | 423 | 499 | 462 | -166 | 183 | 227 |
| Working Capital Days | -357 | -587 | 239 | 306 | 339 | 185 |
| ROCE % | -6% | 9% | 8% | 13% | 17% |
Insights
In beta| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Number of Academic/Research Collaborations count |
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| Number of Operational/Under-Execution Projects count |
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| Number of Patents Granted count ・Standalone data |
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| Capacity Utilization % |
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| Total Processing Capacity TPD |
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| Cumulative CO2 Emissions Mitigated (Solapur Plant) tons |
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| Cumulative Compost Supplied (Solapur Plant) tons |
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| Cumulative Waste Processed (Solapur Plant) tons |
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Documents
Announcements
-
Update on board meeting
- Board meeting rescheduled to November 12, 2026 to consider SME-to-mainboard migration, ESOP, and postal ballot.
-
Submission Of Certificate From Statutory Auditors Pursuant To Regulation 169(5) Of SEBI (Issue Of Capital And Disclosure Requirements) Regulations, 2018
- Auditors’ certificate filed for preferential allotment of 10,00,000 shares to promoter Sarang Bhand.
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Announcement under Regulation 30 (LODR)-Allotment
- Allotted 10 lakh shares to promoter Sarang Bhand for ₹16.1 crore on November 4, 2026.
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Board Meeting Intimation for Meeting Of The Board Of Organic Recycling Systems Limited ("The Company") Is Scheduled To Be Held On Friday, 06Th November 2026.
- Board meets November 6, 2026 to consider SME-to-main-board migration, ESOP scheme, and postal ballot.
- Unaudited Standalone And Consolidated Financial Results Of The Company For The Half Year Ended September 30, 2026
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
Business Profile:[1]
Organic Recycling Systems is an engineering company focused on environmental solutions and providing waste management solutions across waste types and across the value chain.