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Organic Recycling Systems Ltd (543997)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543997 NSE: Engineering | Small Cap | Organic Recycling Share Price
₹207.45 12.45 (6.38%)
As on 30-Sep'26 16:59
Organic Recycling Systems Ltd (543997)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543997 NSE: Engineering | Small Cap | Organic Recycling Share Price
₹207.45 12.45 (6.38%)
As on 30-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹304 Cr.
Current Price
₹207.5
52-Week Low / High
₹137 / 203
TTM EPS
₹16.1
TTM Sales
₹105 Cr.
Book Value per Share
₹112.9
P/E Ratio
12.13
Lower than its 5-year historical median
Industry PE
62.1
Price to Book (P/B)
1.73
Higher than its 5-year historical median
Price to Sales (P/S)
2.89
Lower than its 5-year historical median
EV/EBITDA
10.12
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
15.36%
Outperforms industry median
Return on Capital Employed (ROCE)
12.09%
In line with industry median
Return on Assets (ROA)
10.11%
Operating Profit Margin
36%
Net Profit Margin
35.91%
Gross Profit Margin
46.5%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
39.16%
Operating Profit Growth (1 Year)
-
49.48%
Net Profit Growth (1 Year)
-
102.32%
Asset Quality
Promoter Holding
18.10%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹160 Cr.
Equity
₹15.6 Cr.
Face Value
₹10
All Time Low / High
₹137.33 / 266.67
Check Before You Invest
Quality
Not GoodValuation
FairCheck Valuation charts
Price Trend
Weak
Is Organic Recycling Systems Ltd a good quality company?
Organic Recycling Systems Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Organic Recycling Systems Ltd performance compare with that of its Peers?
Revenue growth of Organic Recycling Systems Ltd vs industry peers?
Organic Recycling Systems Ltd revenue CAGR is 31.46%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Organic Recycling Systems Ltd?
Promoters hold 18.10% of the Organic Recycling Systems Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Organic Recycling Systems Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 10.66% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 ⓘ
| Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -2.7% | -1.8% | 1.8% | 2.5% | 1.7% | 4.5% | 2.8% | 2.2% | - |
| Value Creation Index ⓘ | -1.2 | -1.1 | -0.9 | -0.8 | -0.9 | -0.7 | -0.8 | -0.8 | - |
Growth Parameters ⓘ |
|||||||||
| Sales ⓘ | 3.6 | 5.7 | 8.8 | 8.3 | 9.3 | 13.1 | 18.1 | 25.2 | 44 |
| Sales YoY Gr. | - | 58.3% | 54.2% | -6% | 12.8% | 40% | 38.9% | 39.2% | - |
| Adj EPS ⓘ | -5.7 | -5.8 | -6 | 3.9 | 2.2 | 6.1 | 2.8 | 2.6 | 2.6 |
| YoY Gr. | - | NA | NA | NA | -44.4% | 177.5% | -53.4% | -6.7% | - |
| BVPS (₹) ⓘ | 126.9 | 140.7 | 141.2 | 144.5 | 146.7 | 141.3 | 139.9 | 147.2 | 156.4 |
| Adj Net Profit ⓘ | -3.6 | -3.6 | -3.7 | 2.4 | 1.4 | 4.7 | 3.3 | 3.4 | 4 |
| Cash Flow from Ops. ⓘ | -3.1 | -4.7 | 6.9 | -1.6 | 3.7 | -27 | -4.4 | -15.4 | - |
| Debt/CF from Ops. ⓘ | -10.6 | -8.8 | 0.9 | -32.4 | 13.6 | -2.4 | -7.1 | -1.9 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 23.5% | 39.4% | 39.2% | ||||
| Adj EPS ⓘ | NA | NA | 6.5% | -6.7% | ||||
| BVPSⓘ | NA | 0.8% | 0.1% | 5.2% | ||||
| Share Price | - | - | - | 15.4% | ||||
Key Financial Parameters ⓘ
| Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -4.5 | -4.3 | -4.2 | 2.7 | 1.5 | 4.7 | 2.4 | 1.9 | 1.7 |
| Op. Profit Mgn % ⓘ | -86.5 | -40.3 | -43.2 | 9.4 | 12.8 | 52.6 | 28.1 | 12.3 | NAN |
| Net Profit Mgn % ⓘ | -99 | -63.6 | -42.3 | 29.4 | 14.6 | 36.2 | 17.9 | 13.6 | 9.2 |
| Debt to Equity ⓘ | 0.4 | 0.5 | 0.1 | 0.6 | 0.5 | 0.6 | 0.2 | 0.2 | - |
| Working Cap Days ⓘ | 0 | 4,951 | 3,891 | 3,893 | 3,049 | 2,405 | 1,919 | 1,544 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 23 | 58 | 26 | 22 | -63 | 240 | 242 | 0 |
Valuation of Organic Recycling - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|
| Sales | 5 | 8 | 11 | 13 | 15 | 25 | 27 | 44 |
| Operating Expenses ⓘ + | 14 | 18 | 21 | 12 | 15 | 13 | 17 | 28 |
| Operating Profit ⓘ | -9 | -10 | -10 | 0 | -1 | 11 | 11 | 16 |
| Operating Profit Margin (%) | -192.0% | -121.0% | -92.3% | 1.5% | -4.6% | 45.5% | 38.3% | 36.0% |
| Other Income ⓘ + | 0 | 1 | 0 | 3 | 3 | 1 | 0 | 5 |
| Interest ⓘ | 2 | 3 | 3 | 1 | 2 | 2 | 1 | 0 |
| Depreciation ⓘ | 4 | 5 | 7 | 6 | 6 | 5 | 3 | 3 |
| Profit Before Tax ⓘ | -16 | -17 | -23 | -4 | -5 | 5 | 7 | 17 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | -1 | 1 |
| Profit After Tax | -16 | -17 | -23 | -4 | -5 | 4 | 8 | 16 |
| PAT Margin (%) | -327.0% | -208.0% | -201.0% | -35.9% | -36.6% | 14.8% | 28.3% | 35.9% |
| Adjusted EPS (₹) | -25.8 | -27.9 | -36.1 | -7.2 | -8.6 | 4.7 | 6.7 | 12.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 46 | 40 | 18 | 13 | 8 | 26 | 82 | 123 | |||
| Debt + | 42 | 49 | 49 | 54 | 54 | 70 | 33 | 36 | |||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Trade Payables | 0 | 6 | 9 | 8 | 9 | 9 | 8 | 2 | |||
| Others Liabilities ⓘ | 34 | 28 | 18 | 19 | 28 | 8 | 4 | 24 | |||
| Total Liabilities ⓘ | 122 | 123 | 94 | 95 | 99 | 112 | 126 | 185 | |||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 47 | 81 | 75 | 69 | 65 | 60 | 56 | 61 | |||
| CWIP ⓘ | 59 | 22 | 0 | 3 | 6 | 10 | 17 | 18 | |||
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Inventories | 3 | 2 | 1 | 1 | 1 | 1 | 1 | 4 | |||
| Trade Receivables | 2 | 6 | 10 | 15 | 20 | 31 | 35 | 36 | |||
| Cash Equivalents | 4 | 4 | 0 | 1 | 0 | 0 | 8 | 27 | |||
| Others Assets ⓘ | 8 | 8 | 8 | 7 | 7 | 9 | 9 | 39 | |||
| Total Assets ⓘ | 122 | 123 | 94 | 95 | 99 | 112 | 126 | 185 | |||
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -8 | -14 | -4 | -0 | 8 | -24 | 3 | -7 |
| Cash Flow From Investing Activity ⓘ + | -6 | -40 | 1 | -4 | -7 | -4 | -5 | -17 |
| Cash Flow From Financing Activity ⓘ + | 14 | 54 | 3 | 4 | -2 | 28 | 10 | 41 |
| Net Cash Flow ⓘ | 0 | 0 | -0 | 1 | -1 | -0 | 8 | 17 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -35.49 | -40.72 | -78.32 | -29.47 | -51.81 | 22.15 | 14.56 | 15.36 | ||
| ROCE (%) | -14.89 | -15.63 | -24.88 | -4.46 | -5.64 | 8.77 | 7.79 | 12.09 | ||
| Asset Turnover Ratio | 0.04 | 0.07 | 0.1 | 0.13 | 0.15 | 0.23 | 0.23 | 0.28 | ||
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | -6 | 0.38 | -0.44 | ||
| Working Capital Days | ||||||||||
| Receivable Days | 132.40 | 163.20 | 251.70 | 353.20 | 431 | 378.60 | 443 | 299.90 | ||
| Inventory Days | 210.90 | 116.40 | 60.30 | 33.10 | 28.40 | 15.50 | 13.70 | 20.10 | ||
| Payable Days | 0 | 231.10 | 325 | 938.90 | 2,069.20 | 3,551.70 | 793.50 | 230.20 | ||
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Organic Recycling Systems Ltd FAQs
The current trading price of Organic Recycling on 30-Sep-2026 16:59 is ₹207.4.
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 29-Sep-2026 the market cap of Organic Recycling stood at ₹304.2 Cr
The latest P/E ratio of Organic Recycling as of 29-Sep-2026 is 75.57.
The latest P/B ratio of Organic Recycling as of 29-Sep-2026 is 1.25.
The 52-week high of Organic Recycling is ₹202.9 and the 52-week low is ₹137.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Organic Recycling is ₹43.76 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Organic Recycling Systems Ltd is a below average quality company.
The key valuation ratios of Organic Recycling Systems Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
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.
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.
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