Is Organic Recycling Systems 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 .

Is Organic Recycling Systems 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 Overvalued zone .

What is Organic Recycling Systems share price return in the past 10 years?

Data is not available for this company

Is Organic Recycling Systems 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.

What is the P/E ratio of Organic Recycling Systems?

The latest standalone P/E ratio of Organic Recycling Systems as of 26-Apr-2024 is 37.83.

What is the P/B ratio of Organic Recycling Systems?

The latest standalone P/B ratio of Organic Recycling Systems as of 26-Apr-2024 is 1.12.

What is the 52-week high and low of Organic Recycling Systems?

The 52-week high of Organic Recycling Systems is Rs. 310.00 and the 52-week low is Rs. 208.60.

Organic Recycling Systems Ltd - Stock Valuation and Financial Performance

Name: Organic Recycling Systems
Brand: Organic Recycling Systems

BSE: 543997 | NSE: | Engineering | Small Cap

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Organic Recycling Share Price

₹232 1.50 0.65%
as on 26-Apr'24 16:01

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	-2.9%	-2.1%	-2.3%	2.4%	1.5%	3.6%	-
Value Creation Index ⓘ	-1.2	-1.2	-1.2	-0.8	-0.9	-0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	3.6	5.7	8.8	8.3	9.3	13.1	13
Sales YoY Gr.	-	58.3%	54.2%	-6%	12.8%	40%	-
Adj EPS ⓘ	-8.6	-8.8	-9	5.9	3.3	9.1	6.1
YoY Gr.	-	NA	NA	NA	-44.2%	176.8%	-
BVPS (₹) ⓘ	190.4	211.1	211.9	216.8	220	211.9	208
Adj Net Profit ⓘ	-3.6	-3.6	-3.7	2.4	1.4	4.7	5
Cash Flow from Ops. ⓘ	-3.1	-4.7	6.9	-1.6	3.7	-27	-
Debt/CF from Ops. ⓘ	-10.6	-8.8	0.9	-32.4	13.6	-2.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	29.4%	14.1%	40%
Adj EPS ⓘ	NA	NA	NA	176.8%
BVPSⓘ	NA	2.2%	0%	-3.7%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	-4.5	-4.3	-4.2	2.7	1.5	4.7	2.9
Op. Profit Mgn % ⓘ	-86.5	-40.3	-43.2	9.4	12.8	52.6	NAN
Net Profit Mgn % ⓘ	-99	-63.6	-42.3	29.4	14.6	36.2	36.2
Debt to Equity ⓘ	0.4	0.5	0.1	0.6	0.5	0.6	-
Working Cap Days ⓘ	0	4,951	3,891	3,893	3,049	2,405	0
Cash Conv. Cycle ⓘ	0	23	58	26	22	-142	0

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 14.08%

Debt to equity has declined versus last 3 years average to 0.60

Return on Equity has declined versus last 3 years average to 2.90%

Net Profit has been subdued in last 3 years 0.00%

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

Latest Financials - Organic Recycling Systems Ltd.

	Standalone	Consolidated
TTM EPS (₹)	6.1	4.8
TTM Sales (₹ Cr.)	13.1	24.7
BVPS (₹.) ⓘ	208	97.9
Reserves (₹ Cr.) ⓘ	152	68
P/BV ⓘ	1.12	2.37
PE ⓘ	37.83	48.89

From the Market
52 Week Low / High (₹)	208.60 / 310.00
All Time Low / High (₹)	208.60 / 310.00
Market Cap (₹ Cr.)	179
Equity (₹ Cr.)	7.7
Face Value (₹)	10
Industry PE ⓘ	37

Management X-Ray of Organic Recycling:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Organic Recycling

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Organic Recycling

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	4	6	9	8	9	13
Operating Expenses ⓘ	7	8	13	7	8	6
Manufacturing Costs	0	0	0	1	1	1
Material Costs	2	5	8	3	2	1
Employee Cost	2	2	2	2	2	2
Other Costs ⓘ	2	2	2	1	4	3
Operating Profit ⓘ	-3	-2	-4	1	1	7
Operating Profit Margin (%)	-86.5%	-40.3%	-43.2%	9.4%	12.8%	52.6%
Other Income ⓘ	0	0	0	3	1	1
Interest ⓘ	1	2	2	1	1	1
Depreciation ⓘ	0	0	0	0	0	0
Exceptional Items ⓘ	0	0	6	0	0	0
Profit Before Tax ⓘ	-4	-4	0	2	1	6
Tax ⓘ	0	0	0	0	0	1
Profit After Tax	-4	-4	0	2	1	5
PAT Margin (%)	-99.0%	-63.5%	3.7%	28.6%	14.6%	36.2%
Adjusted EPS (₹)	-8.6	-8.8	0.8	5.7	3.3	9.1
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	79	88	88	90	92	110
Share Capital ⓘ	0	0	0	0	0	5
Reserves ⓘ	79	87	88	90	91	105
Minority Interest	0	0	0	0	0	0
Debt	33	41	6	51	50	66
Long Term Debt	0	0	0	45	44	66
Short Term Debt	33	41	6	6	6	0
Trade Payables	1	5	8	7	7	7
Others Liabilities ⓘ	19	17	58	20	31	11
Total Liabilities ⓘ	132	151	160	168	180	195
Fixed Assets
Gross Block	0	0	2	2	2	2
Accumulated Depreciation	0	0	1	1	1	1
Net Fixed Assetsⓘ	0	0	1	1	1	0
CWIP ⓘ	1	1	0	2	4	7
Investmentsⓘ	59	59	59	89	95	95
Inventories	0	0	0	0	0	0
Trade Receivables	1	4	8	12	17	21
Cash Equivalents	4	3	0	1	0	0
Others Assetsⓘ	67	83	92	64	63	71
Total Assets ⓘ	132	151	160	168	180	195

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	-3	-5	7	-2	4	-27
PBT ⓘ	-4	-4	-5	2	1	6
Adjustment ⓘ	0	0	2	-2	1	1
Changes in Working Capital ⓘ	1	-1	5	-2	1	-34
Tax Paid ⓘ	0	0	0	0	0	0
Cash Flow From Investing Activity ⓘ	-19	-16	-5	-2	-3	-1
Capex	0	0	0	0	0	0
Net Investments	0	0	3	0	0	1
Others ⓘ	-19	-16	-8	-2	-2	-2
Cash Flow From Financing Activityⓘ	23	21	-2	4	-2	28
Net Proceeds from Shares ⓘ	16	12	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	5	-1	22
Interest Paid ⓘ	0	0	-2	-1	-1	-1
Dividend Paid ⓘ	0	0	0	0	0	0
Others ⓘ	7	8	0	0	0	8
Net Cash Flow ⓘ	0	0	0	1	-1	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	-4.52	-4.36	0.38	2.66	1.49	4.68
ROCE (%)	-2.71	-1.75	1.8	2.49	1.66	4.52
Asset Turnover Ratio	0.03	0.04	0.06	0.05	0.05	0.07
PAT to CFO Conversion(x)	N/A	N/A	N/A	-1	4	-5.4
Working Capital Days
Receivable Days	57	156	262	448	572	529
Inventory Days	43	0	0	0	0	0
Payable Days	177	222	272	798	1,539	4,787

Organic Recycling Systems Ltd Stock News

Organic Recycling Systems Ltd FAQs

What is the share price of Organic Recycling?

Company share prices are keep on changing according to the market conditions. The closing price of Organic Recycling on 26-Apr-2024 16:01 is ₹232.0.

What is the market cap of Organic Recycling?

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 26-Apr-2024 16:01 the market cap of Organic Recycling stood at ₹178.6.

What is the P/E ratio of Organic Recycling?

The latest P/E ratio of Organic Recycling as of 26-Apr-2024 16:01 is 37.83.

What is the P/B ratio of Organic Recycling?

The latest P/B ratio of Organic Recycling as of 26-Apr-2024 16:01 is 1.12.

What is the 52-week high and low of Organic Recycling?

The 52-week high of Organic Recycling is ₹310.0 and the 52-week low is ₹208.6.

What is the TTM revenue of Organic Recycling?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Organic Recycling is ₹13.05 ( 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.