Organic Recycling Systems
Organic Recycling Systems
UtilitiesKey Fundamentals
SMEWaste ManagementUtilitiesTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has delivered good profit growth of 50.0% CAGR over last 5 years
Weaknesses
6- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -3.03%
- Promoter holding is low: 15.1%
- Tax rate seems low
- Company might be capitalizing the interest cost
- Company has high debtors of 242 days.
Growth Rate
Quarterly Results
| Particulars | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 13 | 15 | 18 | 31 | 30 | 74 |
| Expenses | 7 | 10 | 9 | 19 | 16 | 59 |
| Operating Profit | 6 | 5 | 9 | 12 | 14 | 16 |
| OPM % | 44% | 32% | 51% | 38% | 46% | 21% |
| Other Income | 0 | 0 | 0 | 0 | 1 | 1 |
| Interest | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 3 | 0 | 2 | 2 | 2 | 2 |
| PBT | 2 | 5 | 7 | 10 | 13 | 14 |
| Tax % | 2% | -25% | 7% | 7% | 5% | 6% |
| Net Profit | 2 | 6 | 7 | 9 | 12 | 13 |
| EPS in Rs | 1.75 | 5 | 5.89 | 6.84 | 9.32 | 9.98 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 13 | 15 | 25 | 27 | 44 | 105 |
| Expenses | 12 | 15 | 13 | 17 | 28 | 75 |
| Operating Profit | 0 | -1 | 11 | 11 | 16 | 30 |
| OPM % | 1.4% | -4.6% | 46% | 39% | 36% | 29% |
| Other Income | 3 | 3 | 1 | 0 | 5 | 1 |
| Interest | 1 | 2 | 2 | 2 | 0 | 0 |
| Depreciation | 6 | 6 | 5 | 3 | 3 | 4 |
| PBT | -4 | -5 | 5 | 7 | 17 | 26 |
| Tax % | 0% | 0% | 22% | -16% | 7% | 5% |
| Net Profit | -4 | -5 | 4 | 8 | 16 | 25 |
| EPS in Rs | — | — | 4.68 | 6.76 | 12.09 | 19.29 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 5 | 8 | 9 | 9 |
| Reserves | 13 | 8 | 20 | 74 | 127 | 114 |
| Borrowings | 55 | 55 | 70 | 33 | 36 | 46 |
| Other Liabilities | 35 | 44 | 24 | 20 | 22 | 42 |
| Total Liabilities | 103 | 107 | 119 | 135 | 194 | 210 |
| Fixed Assets | 69 | 65 | 60 | 56 | 61 | 72 |
| CWIP | 3 | 6 | 10 | 17 | 18 | 28 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 31 | 36 | 49 | 63 | 115 | 110 |
| Total Assets | 103 | 107 | 119 | 135 | 194 | 210 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | 0 | 8 | -24 | 3 | -7 | 19 |
| Investing | -4 | -7 | -4 | -5 | -17 | -23 |
| Financing | 4 | -2 | 28 | 10 | 41 | -18 |
| Net Cash Flow | 1 | -1 | 0 | 8 | 17 | -23 |
| Free Cash Flow | -4 | 1 | -28 | -2 | -24 | -6 |
| CFO/OP | -122 | -1,170 | -210 | 30 | -40 | 64 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 423 | 499 | 462 | 470 | 304 | 242 |
| Inventory Days | — | — | — | 114 | 176 | 70 |
| Days Payable | — | — | — | 751 | 92 | 85 |
| Cash Conversion Cycle | 423 | 499 | 462 | -166 | 389 | 227 |
| Working Capital Days | -357 | -587 | 239 | 306 | 312 | 185 |
| ROCE % | — | -6% | 9% | 8% | 12% | 16% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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51 extracted metrics + investor summaries across FY21–FY26.
Documents
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Company Information
Incorporated in 2008, Organic Recycling Systems Limited is an engineering company offering sustainable waste management solutions.[1]
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