Organic Recycling Systems share price & results
- Mar 2026
- Jul 2026
Mumbai-based CleanTech company that converts municipal solid waste, agro-residue and organic waste into compressed biogas, bio-fertiliser, refuse-derived fuel and biochar using patented anaerobic-digestion, segregation and carbonisation tec
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 31.1 | +71.6% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 11.4 | −6.0 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 2.3 | +28.6% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | +4.6 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -5.69 | +35.5 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | +75.7 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −17.6% 1Y
1Y: ₹251 on 24 Oct 2025 → ₹206.8. High ₹281.7 (12 Nov 2025), low ₹148 (26 Aug 2026).
- Previous close
- ₹194.5
- Market cap
- ₹240 Cr
- 52-week range
- ₹148 – ₹281.7
- One year
- −19.38%
- Price to earnings (FY ending Mar 2026)
- 9.60×
- Return on equity (FY ending Mar 2026)
- 19.31%
Overview
- Symbol
- NSE:ORGANICREC
- Sector
- Utilities
- Exchange
- NSE
- Currency
- INR
What ORGANIC RECYCLING SYSTEMS LIMITED does
Based on the company's own presentations, annual report and earnings calls.
Organic Recycling Systems (ORSL) designs, builds and operates waste-valorisation plants that turn organic and municipal solid waste into Compressed Bio-Gas (CBG), organic compost/fermented organic manure, refuse-derived fuel and biochar, using in-house patented and proprietary technologies such as DRYAD (anaerobic digestion), Marut Drum (segregation) and Sanjeevak/Alpha Carbon (carbonisation). It earns revenue through EPC/BOOT execution of waste-management plants for municipal corporations and PSU clients (e.g. IOCL, BPCL), sale of its patented-technology products, and consulting, feasibility-study, laboratory and O&M services, and is now expanding into Build-Own-Operate CBG assets, green chemicals and carbon capture (CCU).
Segments
- Projects (EPC/BOOT)
- Products
- Services
- Project locations (PAN-India)
- 9 projects across 7 states — Solapur (400 TPD, BOOT), Palakkad & Kannur (200 TPD each, Integrated SWM), Kalyan-Dombivli (100 TPD), Delhi (10×5 TPD), Varanasi (3×5 TPD, IOCL/SATAT), Kolkata (5 TPD), Rajasthan (5 TPD), Madhya Pradesh (10 TPD)
- Flagship plant — Solapur
- 400 TPD capacity on 9 acres; India's first large-scale Anaerobic Digestion MSW plant (commissioned 2013); processed 2.8 lakh+ tonnes of waste to date
- Patents granted
- 2
- Proprietary/patented technologies
- 5+ (DRYAD, Marut Drum, LIPH-AD, INV-CO/EW-CO, Sanjeevak/Alpha Carbon)
- Workforce
- 200+
- R&D pipeline (in-house ORS-RIC centre)
- 7+ innovations in pipeline
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +29% (quarter to mar 2026 against mar 2025).
| Line item | Sept 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 8 | 10 | 9 | 18 | 12 | 31 |
| Expenses | 5 | 9 | 7 | 15 | 10 | 28 |
| Operating profit | 4 | 1 | 2 | 3 | 2 | 4 |
| Operating margin | 45.5% | 11.6% | 25.7% | 17.5% | 16.5% | 11.4% |
| Other income | 0 | 0 | 0 | 0 | 1 | 0 |
| Interest | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 1 | 0 | 1 |
| Profit before tax | 3 | 1 | 2 | 3 | 2 | 3 |
| Tax rate | 25.3% | 28.8% | 24.4% | 28.2% | 25.4% | 22.5% |
| Net profit | 2 | 1 | 2 | 2 | 2 | 2 |
| EPS (₹ per share) | 1.97 | 0.77 | 1.35 | 1.40 | 1.30 | 1.80 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 0 | 5 | 8 | 9 | 9 | 9 |
| Reserves | 91 | 105 | 154 | 194 | 112 | 164 |
| Borrowings | 50 | 66 | 31 | 30 | 44 | 36 |
| Other liabilities | 39 | 19 | 16 | 15 | 24 | 25 |
| Total liabilities | 181 | 195 | 209 | 248 | 189 | 233 |
| Fixed assets | 1 | 0 | 1 | 7 | 65 | 12 |
| Capital work in progress | 4 | 7 | 9 | 4 | 25 | 0 |
| Investments | 95 | 95 | 95 | 95 | 0 | 111 |
| Other assets | 80 | 92 | 104 | 141 | 100 | 111 |
| Total assets | 181 | 195 | 209 | 248 | 189 | 233 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -2 | 4 | -27 | -4 | -12 | -2 |
| Cash from investing | -2 | -3 | -1 | -3 | -4 | 0 |
| Cash from financing | 4 | -2 | 28 | 13 | 36 | -22 |
| Net cash flow | 1 | -1 | -0 | 6 | 20 | -23 |
| Free cash flow | -4 | 1 | -29 | -7 | -15 | -3 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 528 | 674 | 577 | 545 | 234 | 281 |
| Inventory days | — | — | — | 1 | 1 | 56 |
| Days payable | — | — | — | 628 | 23 | 40 |
| Cash conversion cycle | 528 | 674 | 577 | -82 | 212 | 297 |
| Working capital days | -375 | -889 | 331 | 325 | 191 | 185 |
| Return on capital employed | 2.6% | 1.7% | 4.5% | 2.8% | 2.2% | 2.5% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Public hold 84.93% as of Jul 2026; institutions cut 0.15 pts since Mar 2026.
- Promoters 15.07%
- Domestic institutions 0.00%
- Public 84.93%
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 9.62% held
- newly disclosed 2.24% held
- newly disclosed 1.44% held
- newly disclosed 1.44% held
The same filing shows 10 holders trimming and 13 off the list — both are in the register beside this.
Who is on the register
Named in the Jul 2026 filing
Every holder of ORGANIC RECYCLING SYSTEMS LIMITED above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 15.07% | −3.03 pp | |
| 9.62% | newly disclosed | |
| 5.27% | −1.14 pp | |
| 3.59% | −0.98 pp | |
| 3.46% | −0.69 pp | |
| 2.75% | −0.55 pp | |
| 2.24% | newly disclosed | |
| 2.00% | −0.40 pp | |
| 1.89% | −0.38 pp | |
| 1.47% | −0.30 pp | |
| 1.44% | newly disclosed | |
| 1.44% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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