Organic Recycling Systems Ltd - Stock Valuation and Financial Performance

BSE: 543997 | NSE: | Engineering | Small Cap

Organic Recycling Share Price

265 4.50 1.73%
as on 13-Nov'24 13:07

DeciZen - make an informed investing decision on Organic Recycling

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Organic Recycling Systems stock performance -

mw4me loader
P/E Ratio (SA):
63.76
Market Cap:
200.6 Cr.
52-wk low:
208.6
52-wk high:
339

Is Organic Recycling Systems Ltd an attractive stock to invest in?

1. Is Organic Recycling Systems Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Organic Recycling Systems Ltd is a below average quality company.

2. Is Organic Recycling Systems Ltd undervalued or overvalued?

The key valuation ratios of Organic Recycling Systems Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Organic Recycling Systems Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Organic Recycling Systems Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Organic Recycling:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Organic Recycling Systems Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % -2.7%-1.8%1.8%2.5%1.7%4.5%2.8%-
Value Creation
Index
-1.2-1.1-0.9-0.8-0.9-0.7-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3.65.78.88.39.313.118.118
Sales YoY Gr.-58.3%54.2%-6%12.8%40%38.9%-
Adj EPS -8.6-8.8-95.93.39.14.24.1
YoY Gr.-NANANA-44.2%176.8%-53.5%-
BVPS (₹) 190.4211.1211.9216.8220211.9209.9209.9
Adj Net
Profit
-3.6-3.6-3.72.41.44.73.33
Cash Flow from Ops. -3.1-4.76.9-1.63.7-27-4.4-
Debt/CF from Ops. -10.6-8.80.9-32.413.6-2.4-7.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA26%30%38.9%
Adj EPS NANA-10.5%-53.5%
BVPSNA-0.1%-1.1%-1%
Share Price - - - -3.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-4.5-4.3-4.22.71.54.72.42
Op. Profit
Mgn %
-86.5-40.3-43.29.412.852.628.1NAN
Net Profit
Mgn %
-99-63.6-42.329.414.636.217.917.4
Debt to
Equity
0.40.50.10.60.50.60.2-
Working Cap
Days
04,9513,8913,8933,0492,4051,9190
Cash Conv.
Cycle
023582622-632400

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 29.96%

Return on Equity has declined versus last 3 years average to 1.90%

Net Profit has been subdued in last 3 years -10.47%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Organic Recycling Systems Ltd.

Standalone Consolidated
TTM EPS (₹) 4.1 10.1
TTM Sales (₹ Cr.) 18.1 27.5
BVPS (₹.) 209.9 105.7
Reserves (₹ Cr.) 154 74
P/BV 1.24 2.46
PE 63.76 25.82
From the Market
52 Week Low / High (₹) 208.60 / 339.00
All Time Low / High (₹) 208.60 / 339.00
Market Cap (₹ Cr.) 201
Equity (₹ Cr.) 7.7
Face Value (₹) 10
Industry PE 47.4

Management X-Ray of Organic Recycling:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Organic Recycling

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales469891318
Operating Expenses 781378613
Manufacturing Costs0001114
Material Costs2583214
Employee Cost 2222222
Other Costs 2221423
Operating Profit -3-2-41175
Operating Profit Margin (%) -86.5%-40.3%-43.2%9.4%12.8%52.6%27.2%
Other Income 0003110
Interest 1221111
Depreciation 0000000
Exceptional Items 0060000
Profit Before Tax -4-402164
Tax 0000011
Profit After Tax -4-402153
PAT Margin (%) -99.0%-63.5%3.7%28.6%14.6%36.2%17.4%
Adjusted EPS (₹)-8.6-8.80.85.73.39.14.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 7988889092110162
Share Capital 0000058
Reserves 7987889091105154
Minority Interest0000000
Debt3341651506631
Long Term Debt00045446631
Short Term Debt334166600
Trade Payables1587777
Others Liabilities 1917582031119
Total Liabilities 132151160168180195209

Fixed Assets

Gross Block0022222
Accumulated Depreciation0011111
Net Fixed Assets0011101
CWIP 1102479
Investments 59595989959595
Inventories0000000
Trade Receivables14812172127
Cash Equivalents 4301006
Others Assets67839264637171
Total Assets 132151160168180195209

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -3-57-24-27-4
PBT -4-4-52164
Adjustment 002-2111
Changes in Working Capital 1-15-21-34-9
Tax Paid 0000000
Cash Flow From Investing Activity -19-16-5-2-3-1-3
Capex 000000-1
Net Investments 003001-1
Others -19-16-8-2-2-2-2
Cash Flow From Financing Activity 2321-24-22813
Net Proceeds from Shares 1612000048
Net Proceeds from Borrowing 0005-122-35
Interest Paid 00-2-1-1-1-1
Dividend Paid 0000000
Others 7800080
Net Cash Flow 0001-106
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-4.52-4.360.382.661.494.682.31
ROCE (%)-2.71-1.751.82.491.664.522.75
Asset Turnover Ratio0.030.040.060.050.050.070.09
PAT to CFO Conversion(x)N/AN/AN/A-14-5.4-1.33
Working Capital Days
Receivable Days57156262448572529480
Inventory Days43000000
Payable Days1772222727981,5394,787640

Organic Recycling Systems Ltd Stock News

Organic Recycling Systems Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Organic Recycling on 13-Nov-2024 13:07 is ₹265.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 13-Nov-2024 13:07 the market cap of Organic Recycling stood at ₹200.6.
The latest P/E ratio of Organic Recycling as of 13-Nov-2024 13:07 is 63.76.
The latest P/B ratio of Organic Recycling as of 13-Nov-2024 13:07 is 1.24.
The 52-week high of Organic Recycling is ₹339.0 and the 52-week low is ₹208.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Organic Recycling is ₹18.13 ( Cr.) .

About Organic Recycling Systems Ltd

Organic Recycling Systems was originally incorporated on August 29, 2008, as a private limited Company under the name and style of Organic Recycling Systems Private Limited under the provisions of Companies Act, 1956 with the Registrar of Companies, Mumbai. Pursuant to shareholders ‘resolution passed at Extra Ordinary General Meeting held on Monday, September 26, 2022 the company was converted into a Public Limited Company and the name of the Company was changed to Organic Recycling Systems Limited vide a fresh Certificate of Incorporation dated September 29, 2022 issued by Registrar of Companies, Mumbai.

The company is an engineering company focused on environmental solutions and provide waste management solutions across waste types and across the value chain. The company has been a forerunner in providing sustainable waste management solutions in India since 2008. Incorporated by technocrats its focus primarily has been on developing robust, cost effective & environment friendly technologies that are simple to operate. It has proven technology and capability of successfully running one of India’s first Waste to Energy (WTE) plant developed on anaerobic biomethanation technology.

The anaerobic bio methanation technique has been recognized as a promising technology as per National Master Plan issued by Government of India, it has also set up a MSW processing and disposal plant in Solapur, Maharashtra to convert Municipal Solid Waste (MSW) into electricity and compost. The plant has been operational since 2013 with the plant being recognized as one of the case studies for best practices for MSWM under the Swachh Bharat Mission and various other reports. With the data collected over the years, the company is now a front runner for various EPC opportunities in the country and therefore providing solutions encompassing entire value chain for waste management. Its Business verticals includes Build Own Operate Transfer (BOOT) model, Engineering Procurement and Commissioning (EPC) model and Supply of key equipment. 

Business area of the company

The company is an engineering company focused on environmental solutions and provide waste management solutions across waste types and across the value chain.

History and milestones 

  • 2008: Formation of Organic Recycling Systems Private Limited to develop & promote technology for scientific & sustainable treatment of waste using Anerobic Digestion Process. 
  • 2009: Acquisition of Solapur project under 100% wholly owned subsidiary called Solapur Bioenergy Systems Private Limited for a Concession Period of 29 years & 11 Months from Cicon Environment Technologies Limited.
  • 2010:  Start of Construction of 300 TPD MSW Processing Facility under 100% Subsidiary - Solapur Bioenergy Systems Private Limited based on the inhouse developed & validated technology called DRYAD based on the Principals of Anerobic Digestion Process.
  • 2011: Secured tariff fixation for a Waste to Bioenergy Plant using Cost plus Methodology from both MERC & CERC therefore setting precedent for the Tariff fixation system for Biogas Projects.
  • 2011: Solapur project availed Custom Duty Exemptions for a Waste Management Project. 2013: Solapur facility achieved grid connectivity & commissioned its Biogas to Power Plant in July 2013 with MSEDCL.
  • 2014: Started the Development of DRYCO-AD Technology for smaller application based on the same principal of DRYAD Technology & Anaerobic Digestion Process.
  • 2016: Commercialized the Descaled DRYCO-AD Technology with award of Project from Indian Oil Corporation Ltd to be implemented in Varanasi, Uttar Pradesh.
  • 2018: Secured contracts for setting up 5 TPD containerized bio-methanation plants for treating biodegradable waste to generate electricity and enriched organic manure and operation & maintenance of the plants for a period of 5 years at 10 different sites in Delhi: 2 sites under the jurisdiction of East Delhi Municipal Corporation; 4 sites under the jurisdiction of South Delhi Municipal Corporation; and 4 sites under the jurisdiction of North Delhi Municipal Corporation.
  • 2019: Secured 2 contracts from KSIDC for developing 200 TPD Integrated Waste Management & Processing Project each for Palakkad & Kannur Clusters in Consortium with Blue Planet Environmental Solutions India Private Limited. The company has entered into contracts for setting up the projects and will be paid on completion of milestones. 2021: Secured contract from Kolkata Municipal Corporation for construction of 5 TPD facility to process organic waste for generation of Bio-CNG.
  • 2022: Received Work order for Construction of 100 TPD Integrated Solid Waste Management Facility along with operation & maintenance of the facility for a period of 3 years from Kalyan Dombivli Municipal Corporation
  • 2022: Patent granted for the invention ‘Integrated process for pre-treatment and anaerobic digestion of waste and apparatus used therein’ for a period of 20 years with effect from June 2014.
  • 2023: Patent granted for the invention Integrated Process for Pre-treatment and Anaerobic digestion of waste and apparatus used therein (called as MARUT Drum and allied equipment) for a period of 20 years with effect from June 2014.

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.