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Organic Recycling Systems (BSE 543997)₹213.65−4.00%Waste Management
In the Sep 2026 quarter (consolidated), Organic Recycling Systems reported sales of ₹76.96 Cr, up 148.5% from Sep 2025, and net profit of ₹16.02 Cr, up 33.3% year on year. For the year to Mar 2026, sales were ₹105 Cr and net profit ₹25.07 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 12.99 | 14.99 | 17.98 | 30.96 | 30.97 | 73.96 | 76.96 |
| Expenses | 6.99 | 9.98 | 8.99 | 18.95 | 15.98 | 58.86 | 57.89 |
| Operating Profit | 5.99 | 4.99 | 8.99 | 11.98 | 14.98 | 15.98 | 18.97 |
| OPM % | 44.0% | 32.0% | 51.0% | 38.0% | 48.0% | 20.9% | 25.0% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | 0.99 |
| Interest | 0.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 2.99 | 0.00 | 1.99 | 1.99 | 1.99 | 1.99 | 2.99 |
| Profit before tax | 1.99 | 4.98 | 6.97 | 9.96 | 12.96 | 13.94 | 16.94 |
| Tax % | 2.0% | −25.1% | 7.0% | 7.0% | 5.0% | 6.0% | 6.0% |
| Net Profit | 2.01 | 6.01 | 7.01 | 9.02 | 12.02 | 13.03 | 16.02 |
| EPS (Rs) | 1.74 | 4.99 | 5.88 | 6.85 | 9.30 | 9.97 | 10.12 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 12.99 | 14.99 | 24.98 | 26.99 | 47.94 | 105 |
| Expenses | 11.97 | 14.98 | 12.97 | 16.97 | 26.93 | 73.82 |
| Operating Profit | 0.00 | −0.99 | 10.98 | 10.98 | 20.96 | 30.96 |
| OPM % | 1.4% | −4.6% | 45.9% | 39.0% | 43.0% | 28.9% |
| Other Income | 2.99 | 2.99 | 0.99 | 0.00 | 0.00 | 0.99 |
| Interest | 0.99 | 2.01 | 2.01 | 2.01 | 0.00 | 1.01 |
| Depreciation | 5.97 | 5.98 | 4.98 | 2.99 | 3.98 | 3.99 |
| Profit before tax | −3.98 | −4.98 | 4.98 | 6.97 | 16.93 | 25.89 |
| Tax % | 0.0% | 0.0% | 21.9% | −16.1% | 7.0% | 5.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | −4.01 | −5.01 | 4.01 | 8.02 | 16.03 | 25.07 |
| EPS (Rs) | — | — | 4.69 | 6.75 | 12.03 | 19.28 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.00 | 0.00 | 4.99 | 7.97 | 8.97 | 8.97 |
| Reserves | 13.02 | 8.01 | 20.03 | 74.11 | 115 | 114 |
| Borrowings | 54.96 | 54.92 | 69.94 | 32.96 | 36.95 | 45.97 |
| Other Liabilities | 35.12 | 44.16 | 24.01 | 20.00 | 21.89 | 41.92 |
| Total Liabilities | 103 | 107 | 119 | 135 | 183 | 210 |
| Fixed Assets | 69.07 | 65.07 | 59.99 | 56.01 | 61.02 | 65.04 |
| CWIP | 2.99 | 5.98 | 9.97 | 16.97 | 17.96 | 34.92 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 31.03 | 36.03 | 49.01 | 63.06 | 105 | 110 |
| Inventories | 0.99 | 0.99 | 0.99 | 0.99 | 3.99 | 9.98 |
| Trade receivables | 14.99 | 20.02 | 30.99 | 35.04 | 51.04 | 70.03 |
| Cash & equivalents | 0.99 | 0.00 | 0.00 | 7.97 | 26.91 | 2.99 |
| Total Assets | 103 | 107 | 119 | 135 | 183 | 210 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from operating activity | 0.00 | 7.98 | −23.95 | 2.99 | −9.97 | 18.95 |
| Cash from investing activity | −4.02 | −7.03 | −4.01 | −5.02 | −13.05 | −23.07 |
| Cash from financing activity | 4.01 | −2.01 | 28.05 | 10.03 | 40.06 | −18.04 |
| Net cash flow | 1.01 | −1.01 | 0.00 | 8.01 | 17.01 | −23.03 |
| Capex | 3.51 | 6.75 | 4.64 | 3.52 | 11.23 | 25.23 |
| Free cash flow | −4.01 | 0.99 | −28.01 | −2.01 | −20.99 | −5.99 |
| CFO / OP % | −122.1% | −1,170.0% | −210.1% | 29.9% | −46.1% | 63.0% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor days | 424 | 500 | 463 | 471 | 383 | 243 |
| Inventory days | — | — | — | 114 | 176 | 70 |
| Days payable | — | — | — | 751 | 375 | 85 |
| Cash conversion cycle | 423 | 499 | 462 | −166 | 183 | 227 |
| Working capital days | −358 | −588 | 238 | 305 | 338 | 184 |
| ROCE % | — | −6.0% | 9.1% | 8.0% | 13.1% | 17.1% |
For the Sep 2026 quarter, Organic Recycling Systems reported sales of ₹76.96 Cr, up 148.5% year on year and net profit of ₹16.02 Cr, up 33.3% year on year. The operating margin was 25.0%.
Organic Recycling Systems' sales for the year to Mar 2026 were ₹105 Cr.
Net profit for the year to Mar 2026 was ₹25.07 Cr. Earnings per share over the same trailing period were ₹19.28.
Organic Recycling Systems reported borrowings of ₹45.97 Cr at Mar 2026, against cash and equivalents of ₹2.99 Cr.
Cash from operations was ₹18.95 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹5.99 Cr.