Organic Recycling Systems Limi
BSE: ORGANICREC · Waste Management · sector
Key numbers
Last 12 months to Mar 2026, Consolidated. "Sector median" = middle value of 10 companies in Waste Management (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹3 cr vs borrowings ₹45 cr (FY26): borrowings are higher by ₹42 cr.
- Operating profit covered interest 55.3x in the last 12 months.
- Other income was 2% of net profit in the last 12 months.
- No dividend in the last 3 financial years.
- Price ₹194.50 on 2026-10-26: -9.1% from the 52-week high, +41.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Quarterly results
| ₹ cr | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|
| Revenue | 26 | 30 | 74 |
| EBITDA | 7 | 14 | 16 |
| OPM % | 25.3% | 45.8% | 20.9% |
| Other income | 5 | 1 | 1 |
| Net profit | 9 | 12 | 13 |
| EPS (₹) | 11.60 | 13.98 | 14.99 |
Consolidated figures where filed. Latest quarter Mar 2026.
Profit & loss (yearly)
| ₹ cr | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|
| Revenue | 18 | 44 | 105 | 105 |
| EBITDA | 5 | 16 | 30 | 30 |
| Net profit | 3 | 16 | 25 | 25 |
| EPS (₹) | 4.86 | 20.39 | 28.96 | 28.96 |
| Revenue growth | +141.4% | +140.1% | – | |
| Profit growth | +399.0% | +59.5% | – | |
| Dividend / share (₹) | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | – |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | +12.6% (2y) | +20.0% |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 115 | 123 |
| Borrowings | – | 45 |
| Cash & equivalents | 27 | 3 |
| Total assets | 194 | 210 |
| Fixed assets | 51 | 47 |
| Capital work in progress | – | 28 |
| Investments | 0 | 0 |
| Receivables | – | 70 |
| Inventory | 4 | 10 |
| Payables | – | 12 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | -7 | 19 |
| Cash from investing | -17 | -23 |
| Cash from financing | 41 | -18 |
| Capex | 18 | 25 |
| Free cash flow | -25 | -7 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 13.7% | 20.4% |
| ROCE % | 15.0% | 16.1% |
| Debtor days | – | 242 |
| Inventory days | 176 | 70 |
| Payable days | – | 85 |
| Cash conversion cycle (days) | – | 227 |
| Working capital days | 540 | 195 |
Peers in Waste Management
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| REFEX | ₹3,094 cr | 12.5x | 2.1x | 18.1% | 26.0% | 14.9% | +11.8% | 0.21% |
| EMSLIMITED | ₹1,569 cr | 23.0x | 1.5x | 6.7% | 9.5% | 17.1% | – | 0.53% |
| AWHCL | ₹810 cr | 13.9x | 1.1x | 8.4% | 11.3% | 17.5% | +7.2% | – |
| ECORECO | ₹755 cr | 29.4x | 6.8x | 25.8% | 32.2% | 59.5% | +39.5% | – |
| CEWATER | ₹465 cr | – | 0.8x | -1.3% | 2.5% | 2.9% | – | – |
| VVIPIL | ₹357 cr | 11.9x | 1.8x | 15.9% | 35.4% | 20.6% | – | – |
| RACE | ₹180 cr | 22.8x | 2.4x | 10.5% | 11.1% | 2.8% | +32.0% | – |
| ORGANICREC | ₹171 cr | 6.7x | 1.4x | 21.1% | 16.1% | 28.8% | – | – |
| GEMENVIRO | ₹85 cr | 17.9x | 2.0x | 11.9% | 15.7% | 5.5% | – | 0.70% |
| EPBIO | ₹15 cr | – | 1.4x | 15.1% | 22.0% | 16.4% | +24.1% | – |
Documents
Links go to the original files on the exchange website.
About the company
| Sector | Utilities |
| Industry | Waste Management |
| Sub-industry | Waste Management |
| Symbol | ORGANICREC |
| BSE code | 543997 |
| ISIN | INE0MIO01019 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = BSE close 2026-10-26.