Organic Recycling Systems Limited

Organic Recycling Systems Limited

BBSE:ORGANICREC
201.15
INR
-2.80
(-1.37%)
1.92BMarket Cap
Organic Recycling Systems Limited
BSE:ORGANICREC
(Bombay Stock Exchange)

Recent

price

201.15

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
2026
TTM
INR
9.64
10.84
12.61
16.08
28.27
41.83
80.85
- -
Revenue per Share
-19.49
-3.89
-4.63
3.16
8.01
13.52
19.31
- -
Basic EPS, GAAP
-5.73
-3.22
0.93
-24.55
-2.2
-18.32
-5.11
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
15.53
11.64
7
22.08
60.94
86.39
94.68
94.68
Book Value per Share
14.44
8.07
0.89
12.47
49.78
75.16
75.17
75.17
Tangible Book Value per Share
12
12
12
12
10
12
13
13
Basic Weighted Avg Shares
111
125
146
186
274
483
1,050
- -
Sales/Revenue/Turnover
-154.54
-47.23
-34.61
34
30.24
35.44
26.11
- -
Operating Margin (%)
69
64
60
50
27
39
39
- -
Depreciation Expense
-225
-45
-54
37
78
156
251
- -
Net Income, GAAP
- -
- -
- -
21.54
- -
7.19
5.26
- -
Effective Tax Rate (%)
-202.14
-35.88
-36.73
19.67
28.32
32.31
23.88
- -
Profit Margin (%)
-173
-113
-232
165
209
723
561
561
Working Capital
415
467
468
670
319
357
423
423
LT Debt
179
134
81
255
704
1,122
1,230
1,230
Total Equity
- -
- -
- -
6.84
- -
13.6
18.52
- -
Return on Invested Capital (%)
- -
- -
- -
6.86
- -
12.64
16.3
- -
Return on Capital (%)
- -
-28.65
-49.71
21.76
16.21
17.11
21.33
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
15
8
33
LT Borrowings
350
429
419
LT Finance Leases
6
- -
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
13
13
13
Market Capitalization
2,236
2,336
1,925

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
929
637
983
Cash, Cash Equivalents & STI
254
8
29
Accounts Receivable, Net
506
304
697
Inventories
37
48
97
Total Current Liabilities
207
158
422
Payables & Accruals
- -
- -
- -
ST Debt
15
8
33
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
84.1%
9.6%
Free Cash Flow
- -
-426.82%
-68.63%
Net Income, GAAP
- -
25%
60.56%
Sales/Revenue/Turnover
- -
57%
117.25%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
274
2025
- -
- -
483
2026
- -
- -
1,050

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
8.01
2025
- -
- -
13.52
2026
- -
- -
19.31

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -
Business
Organic Recycling Systems Limited (ORSL), headquartered in Navi Mumbai, India, and founded in 2008, is an environmental engineering company specializing in sustainable waste management and valorization solutions across the waste value chain; it develops, constructs, and operates waste-to-energy projects, primarily focused on municipal solid waste (MSW), organic waste, and biomass processing in India. The company offers a comprehensive portfolio of proprietary technologies and services, including Marut Drum for mechanical waste segregation; DRYAD anaerobic digestion systems for biogas and slurry production; INV-CO and EW-CO composting solutions for nutrient-rich organic manure and fermented organic manure (FOM); Sanjeevak and Alpha Carbon carbonization processes for biomass-based green charcoal and biochar; refuse-derived fuel (RDF) from non-recyclable dry waste; compressed biogas (CBG) production; and end-to-end engineering, procurement, and construction (EPC), operations and maintenance (O&M), consulting, and technology licensing services, with scalable capacities customized for municipalities, corporations, governments, and private entities such as Indian Oil Corporation Limited and municipal corporations in Delhi, Solapur, Kolkata, Kalyan-Dombivli, Palakkad, Kannur, and Varanasi. ORSL operates India's largest biogas-to-power waste-to-energy facility in Solapur, Maharashtra, with 400 tonnes per day (TPD) capacity under a build-own-operate-transfer (BOOT) model, processing unsegregated MSW into renewable energy, compost, and bio-fertilizers while mitigating significant CO2 emissions. Recent developments include a June 2024 technology transfer agreement with CSIR-Indian Institute of Petroleum for Vacuum Swing Adsorption (VSA) technology to upgrade raw biogas to pipeline-quality bio-methane, supporting India's SATAT initiative for 15 million tons annual CBG production; a November 2025 Danish grant of DKK 1,028,800 to its Research Innovation Centre for a Danish-Thai-Indian circular bioeconomy project on mango waste valorization through anaerobic digestion and bioproducts, running January 2026 to March 2027; expansion into biomedical waste valorization; commissioning of a pilot biomethanation plant with SSS-NIBE using THERMI-NIBE microbial consortium; securing National Innovation Board approval for an in-house gas-yield-enhancing catalyst; allotment of 960,000 equity shares upon conversion of warrants raising approximately ₹3.8 billion for general corporate purposes and preference share redemption; FY25 consolidated revenue growth of 75% to ₹487 million, EBITDA up 53% to ₹158 million, and PAT surging 101% to ₹157 million with a debt-to-equity ratio of 0.3x; and strategic R&D collaborations with IIT Bombay, AGH University Poland, and University of Birmingham to advance anaerobic digestion, carbon capture, and circular economy solutions.