---
title: "Organic Recycling Systems Ltd (543997) — Share Price, Financials & Analysis"
symbol: "543997"
company: "Organic Recycling Systems Ltd"
canonical: "https://tapetide.com/stocks/543997"
isin: "INE0MIO01019"
nse_symbol: "ORGANICRECYCLINGSYSTEMSLTD"
bse_code: "543997"
sector: "Utilities"
industry: "Waste Management"
market_cap_cr: 279.5
generated_at: "2026-09-13T19:33:37.958Z"
---

# Organic Recycling Systems Ltd (543997)

Canonical page: https://tapetide.com/stocks/543997

## Company

- **NSE Symbol:** ORGANICRECYCLINGSYSTEMSLTD
- **BSE Code:** 543997
- **ISIN:** INE0MIO01019
- **Sector:** Utilities
- **Industry:** Waste Management
- **Macro Sector:** Utilities
- **Stock Type:** EQUITY
- **Listed Since:** 2023-10-06
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** organicrecycling.co.in

## About

Incorporated in 2008, Organic Recycling Systems Limited is an engineering company offering sustainable waste management solutions.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:40:38.746037Z.

- **Market Cap:** ₹279.5 Cr
- **Classification:** SME
- **P/E (reported):** 11.1
- **EPS (reported):** ₹10.09
- **Book Value:** ₹109.29
- **Price to Book:** 1.64
- **Dividend Yield:** 0%
- **ROE:** 11.61%
- **ROCE:** 9.58%
- **Debt to Equity:** 0.37
- **Revenue (yearly):** ₹105.07 Cr
- **Net Income:** ₹25.23 Cr
- **EBITDA:** ₹30.28 Cr
- **52-Week High:** ₹199.97
- **52-Week Low:** ₹137.33
- **RSI (14):** 68.95

## Tapetide Score

- **Score:** 48 / 100
- **Score date:** 2026-09-04
- **Archetype:** No Dominant Pattern
- **What it means:** The three pillars do not combine into a recognisable pattern. Read them individually rather than looking for one story — the lack of a pattern is itself the finding.
- **Pillar profile:** Quality: Average · Valuation: Cheap · Momentum: Falling
- **Percentile:** 39.4 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 56.8 | 9% |
| growth | 98.9 | 9% |
| momentum | 10.77 | 12% |
| ownership | 23.23 | 24% |
| quality | 51.95 | 22% |
| valuation | 66.87 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has delivered good profit growth of 50.0% CAGR over last 5 years

### Weaknesses

- 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 Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -339.29% | 71.73% | — |
| ebitda margin growth | -32.66% | -25.11% | 135.11% |
| net income growth | 60.7% | 90% | 50% |
| revenue growth | 115.75% | 62% | 53% |
| roce | 39.45% | 42.99% | 2.48% |
| roe | 21.83% | 11.82% | -134.73% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |
| Profit before tax | 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

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |
| Profit before tax | -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 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | 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

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 8 | -24 | 3 | -7 | 19 |
| Cash from Investing Activity | -4 | -7 | -4 | -5 | -17 | -23 |
| Cash from Financing Activity | 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 | -1170 | -210 | 30 | -40 | 64 |

### Ratios

| Item | 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 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 20.35% | 20.35% | 20.35% | 18.1% | 18.1% | 18.1% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 1.69% | 0% | 0% | 0.36% | 0.37% | 0.15% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 71.44% | 67.68% | 67.15% | 71.62% | 70.63% | 70.01% |
| Others | 6.52% | 11.96% | 12.49% | 9.92% | 10.91% | 11.75% |
| No. of Shareholders | 2201 | 1096 | 1092 | 971 | 920 | 892 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 6 / 5 / 8

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 167.05 | Buy |
| EMA (10) | 170.99 | Buy |
| SMA (20) | 168.78 | Buy |
| EMA (20) | 176.88 | Sell |
| SMA (50) | 207.56 | Sell |
| EMA (50) | 197.89 | Sell |
| SMA (100) | 223.93 | Sell |
| EMA (100) | 214.18 | Sell |
| SMA (200) | 231.46 | Sell |
| EMA (200) | 230.01 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 42.35 | Neutral |
| MACD (12,26,9) | -10.64 | Buy |
| Stochastic (14,3,3) | 62.06 | Neutral |
| ADX (14) | 30.76 | Buy |
| Williams %R (14) | -46.91 | Neutral |
| ATR (14) | 9.58 | High Volatility |
| ROC (12) | 16.59 | Buy |
| Stoch RSI (14) | 84.58 | Sell |
| UO (7,14,28) | 40.06 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Annual General Meeting Of The Company Scheduled To Be Held On 30 September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1c6ffbb7-5754-4483-b63d-f88c24287572.pdf) |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e77ef6d3-74b3-4d3c-8662-d0ad98ce001e.pdf) |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7c92a7b4-35f4-4e8b-9e0a-a1b3e20d5e8f.pdf) |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0a23ee73-6969-4e21-9ebe-9ea1bf4b9872.pdf) |
| 2026-09-07 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9ee7cd2b-46b9-43ac-94c3-a7b30eb3c6ac.pdf) |
| 2026-09-07 | [Sharehodlers Meeting -AGM Dated 30-09-2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=327e84a2-7fd8-474e-8ee2-19f795d9e908.pdf) |
| 2026-09-07 | [Notice Calling The 18Th (Eighteenth) Annual General Meeting (AGM) Of Organic Recycling Systems Limited (The Company)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=76b1a115-f58c-4137-89eb-42f9fa62491c.pdf) |
| 2026-09-07 | [Notice Calling The 18Th (Eighteenth) Annual General Meeting (AGM) Of Organic Recycling Systems Limited (The Company)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=80597be6-05d1-47c5-94f6-567be85e9e95.pdf) |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0100fd49-55b5-4e9f-a494-f037ed690686.pdf) |
| 2026-09-02 | [Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Directors Of Organic Recycling Systems Limited (The Company) In Terms Of The Provisions Of Regulation 30 Of The Securities And Exchange Board Of India](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1644d52a-d047-4218-ad63-f421f6b1624d.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/35b2c246-569f-465b-a0cd-45cbff8a2ac9.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/69e88528-d362-4a70-baed-98e075d264c6.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/00d0efb0-3db7-4446-8bb8-89624a1a5908.pdf) |
| Jun 2026 | [Concall - Jun 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b5babf3f-8ee7-4557-a893-1b6403e6b66a.pdf) |
| Jun 2026 | [Concall - Jun 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9a6deb21-af69-4f5c-a27d-50a4df9b1792.pdf) |
| Jun 2026 | [Concall - Jun 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b5babf3f-8ee7-4557-a893-1b6403e6b66a.pdf) |
| Jun 2026 | [Concall - Jun 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/9a6deb21-af69-4f5c-a27d-50a4df9b1792.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d83e049a-2011-480a-8808-339c4024798d.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e9674741-64a0-47c6-ba0a-b705c956376f.pdf) |
| Jul 2024 | [Concall - Jul 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eddbfa3f-ca42-4b76-a3f7-4e6e77c770e9.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-06-01 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9a6deb21-af69-4f5c-a27d-50a4df9b1792.pdf) |
| 2026-06-01 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b5babf3f-8ee7-4557-a893-1b6403e6b66a.pdf) |
| 2025-06-23 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d83e049a-2011-480a-8808-339c4024798d.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 5 May - ORSL partners with General Carbon Advisory Services for CBAM advisory and sustainability compliance services on 5 May 2026. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 5 May - ORSL partners with General Carbon Advisory Services for CBAM advisory and sustainability compliance services on 5 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a36bc841-de44-4196-bda0-4e9bb136c994.pdf) |
| 3h - Board meeting on April 24, 2026 to approve audited standalone and consolidated results for FY26 and H2. | [Board Meeting Intimation for Consideration And Approval Of The Audited Standalone And Consolidated Financial Results Of The Company For The Half Year And Financial Year Ended March 31, 2026. 3h - Board meeting on April 24, 2026 to approve audited standalone and consolidated results for FY26 and H2.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/dd7cd888-4368-43f5-b110-1b91de57a1b6.pdf) |
| 31 Mar - Trading window closed from March 31, 2026 5:00 PM until 48 hours after half-year and year results. | [Closure of Trading Window 31 Mar - Trading window closed from March 31, 2026 5:00 PM until 48 hours after half-year and year results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/68605ebd-0bcf-4efd-9b57-6d84b26f5321.pdf) |
| 29 Jan - ORSL and Indraprastha Gas sign MoU (Jan 28, 2026) to jointly develop CBG projects nationwide. , "checklist": ["Review announcement content and context","Identify parties, dates, and … | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 29 Jan - ORSL and Indraprastha Gas sign MoU (Jan 28, 2026) to jointly develop CBG projects nationwide. , "checklist": ["Review announcement content and context","Identify parties, dates, and …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/df659be7-16e8-4e9b-9969-5e22ccf0f433.pdf) |
| 28 Apr - Submitted Regulation 74(5) compliance certificate for quarter ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 28 Apr - Submitted Regulation 74(5) compliance certificate for quarter ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/30321dd2-139b-423d-aa5e-a03c4da6247e.pdf) |
| 28 Apr - Submitted Regulation 74(5) compliance certificate for quarter ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 28 Apr - Submitted Regulation 74(5) compliance certificate for quarter ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/30321dd2-139b-423d-aa5e-a03c4da6247e.pdf) |
| 26 Feb - 26 Feb 2026: ORSL signs MoU with SLPP Re-New LLP for membrane-based CBG purification, joint bids for projects. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 26 Feb - 26 Feb 2026: ORSL signs MoU with SLPP Re-New LLP for membrane-based CBG purification, joint bids for projects.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/50b36257-555c-46ca-a003-ebeafb2f738d.pdf) |
| 24 Feb - Secured EPC plus equity for 10 TPD CBG plant in Damoh; 10-project INR500–600 Cr roll-out over three years. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 24 Feb - Secured EPC plus equity for 10 TPD CBG plant in Damoh; 10-project INR500–600 Cr roll-out over three years.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9fe57ae1-6f71-4c30-bd61-b1518b025fbb.pdf) |
| 24 Apr - Organic Recycling Systems released revised H2FY26 and FY26 results: revenue up 117% to Rs 1,050.75 mn. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 24 Apr - Organic Recycling Systems released revised H2FY26 and FY26 results: revenue up 117% to Rs 1,050.75 mn.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c1d977cf-6bee-458d-84a4-bd1eba81064d.pdf) |
| 24 Apr - Board approved FY26 audited results, BOO agro valorisation expansion proposal, and appointed Head-HR effective May 4, 2026. | [Proposal For Expansion Of Company'S Business 24 Apr - Board approved FY26 audited results, BOO agro valorisation expansion proposal, and appointed Head-HR effective May 4, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0f64ab74-f81b-4a1f-ac30-51c14855b211.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-04-24 | [Financial Result For The Half Year And Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7b4dde98-9aa7-47b3-99d8-e6eb43a246e3.pdf) |
| 2025-11-12 | [Result - Financial Result For Half Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8b5787b6-1f23-4503-b103-9fc461b9721c.pdf) |
| 2025-05-15 | [Financial Result For 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ccb569fb-6a57-4847-9f5d-de09eec0d70b.pdf) |
| 2024-11-14 | [Financial Result For Half Year Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0549515a-be53-486e-a447-2114b1b3a51e.pdf) |
| 2024-05-27 | [Resulr-Financial Result For March 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bb227a8b-42aa-44b8-b8da-085b4722480a.pdf) |
| 2023-11-08 | [Results - Financial Results For September 30, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1fd942be-8f93-4f34-bf3d-d02cacc69e46.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a9282c43-5325-4f95-86ac-b358f0265eaf.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0c611a4c-132d-4fd0-9df7-bd6e5eb2b96d.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5d455470-29ee-4e9f-95ea-9ff91352074a.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d66beb5b-9119-41aa-a86a-17a1a7e1bc5a.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:33:37.958Z.