Organic Recycling Systems Ltd
Incorporated in 2008, Organic Recycling Systems Limited is an engineering company offering sustainable waste management solutions.[1]
- Market Cap ₹ 235 Cr.
- Current Price ₹ 271
- High / Low ₹ 400 / 209
- Stock P/E 68.6
- Book Value ₹ 235
- Dividend Yield 0.00 %
- ROCE 2.20 %
- ROE 1.87 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.15 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -2.25%
- Promoter holding is low: 18.1%
- Company has a low return on equity of 2.72% over last 3 years.
- Earnings include an other income of Rs.2.38 Cr.
- Company has high debtors of 234 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 3.60 | 5.70 | 8.79 | 8.26 | 9.32 | 13.05 | 18.13 | 25.23 | |
| 6.71 | 8.00 | 12.59 | 7.48 | 8.13 | 6.19 | 13.03 | 22.15 | |
| Operating Profit | -3.11 | -2.30 | -3.80 | 0.78 | 1.19 | 6.86 | 5.10 | 3.08 |
| OPM % | -86.39% | -40.35% | -43.23% | 9.44% | 12.77% | 52.57% | 28.13% | 12.21% |
| 0.17 | 0.33 | 5.96 | 2.41 | 1.38 | 0.59 | 0.12 | 2.38 | |
| Interest | 0.53 | 1.51 | 1.67 | 0.57 | 0.99 | 1.47 | 0.79 | 0.05 |
| Depreciation | 0.09 | 0.14 | 0.16 | 0.25 | 0.22 | 0.26 | 0.16 | 0.78 |
| Profit before tax | -3.56 | -3.62 | 0.33 | 2.37 | 1.36 | 5.72 | 4.27 | 4.63 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 17.66% | 26.46% | 26.13% |
| -3.56 | -3.62 | 0.33 | 2.37 | 1.36 | 4.72 | 3.15 | 3.42 | |
| EPS in Rs | -2,579.71 | -2,623.19 | 239.13 | 1,717.39 | 985.51 | 9.08 | 4.09 | 3.95 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 39% |
| TTM: | 39% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 60% |
| 3 Years: | 36% |
| TTM: | 5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 10% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 3% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.46 | 0.01 | 5.20 | 7.70 | 8.82 |
| Reserves | 78.77 | 87.34 | 87.67 | 90.03 | 91.39 | 104.97 | 153.90 | 194.45 |
| 33.03 | 41.64 | 6.65 | 50.70 | 50.44 | 66.12 | 31.42 | 29.82 | |
| 20.12 | 22.23 | 66.35 | 27.35 | 39.01 | 18.64 | 15.64 | 14.65 | |
| Total Liabilities | 131.93 | 151.22 | 160.68 | 168.54 | 180.85 | 194.93 | 208.66 | 247.74 |
| 0.03 | 0.18 | 0.84 | 0.61 | 0.69 | 0.46 | 0.74 | 10.73 | |
| CWIP | 1.37 | 1.31 | 0.00 | 2.01 | 4.30 | 6.53 | 8.53 | 0.06 |
| Investments | 58.97 | 58.97 | 58.97 | 88.97 | 95.47 | 95.47 | 95.47 | 95.47 |
| 71.56 | 90.76 | 100.87 | 76.95 | 80.39 | 92.47 | 103.92 | 141.48 | |
| Total Assets | 131.93 | 151.22 | 160.68 | 168.54 | 180.85 | 194.93 | 208.66 | 247.74 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| -3.09 | 0.00 | -1.57 | 3.68 | -27.02 | -4.42 | -15.36 | ||
| -19.44 | 0.00 | -2.04 | -2.59 | -1.47 | -2.76 | -1.66 | ||
| 22.67 | 0.00 | 4.33 | -1.67 | 28.44 | 12.82 | 36.60 | ||
| Net Cash Flow | 0.14 | 0.00 | 0.73 | -0.58 | -0.06 | 5.64 | 19.58 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 57.79 | 275.99 | 345.07 | 528.06 | 674.39 | 577.01 | 545.39 | 234.22 |
| Inventory Days | 0.00 | 0.91 | 1.08 | |||||
| Days Payable | 628.31 | 23.44 | ||||||
| Cash Conversion Cycle | 57.79 | 275.99 | 345.07 | 528.06 | 674.39 | 577.01 | -82.01 | 211.86 |
| Working Capital Days | -740.14 | -398.94 | -482.10 | -112.24 | -654.02 | 333.11 | 326.75 | 192.12 |
| ROCE % | -1.75% | 1.79% | 2.57% | 1.66% | 4.52% | 2.83% | 2.20% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
28 May - ORS and SSS-NIBE launch pilot biomethanation plant in Solapur for scalable bioenergy production.
-
Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors
16 May - Statutory auditor Jayesh Sanghrajka & Co LLP resigned on May 15, 2025; no concerns raised.
-
Intimation Under Regulation 32 Of SEBI (LODR) Regulations, 2015
15 May - No deviation in utilization of Rs. 4,798.40 lakh IPO funds for FY ended March 31, 2025.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
15 May - Organic Recycling reports FY25 revenue Rs.4873L (+75%), PAT Rs.1572L (+102%), EPS up 70%, new R&D partnerships.
- Financial Result For 31St March 2025 15 May
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.