Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · ORGANIC RECYCLING SYSTEMS LIMI · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
ORGANIC RECYCLING SYSTEMS LIMI
BSE: 543997
BSE: 543997
Utilities › Utilities › Other Utilities › Waste Management
ORGANIC RECYCLING SYSTEMS LIMI
StateQ4 FY26 filed
Last close · 28 Oct 2026₹204.00
Market cap₹0.2k cr
TTM P/E · P/B · EV/EBITDA4.1 · 1.46 · —
ORGANIC RECYCLING SYSTEMS LIMI is a Other Utilities company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 27 | 44 | 105 |
| EBITDA (ex other income) | — | — | 30 |
| margin % | — | — | 28.8 |
| Owners' profit | — | — | 0 |
| EPS, as reported (₹) | 12.01 | 20.39 | 28.96 |
| ROE % · ROCE % | — · 6.9 | — · 9.6 | 20.4 · 16.0 |
| Debt / equity (x) | — | — | 0.36 |
| Cash from operations | 3 | (7) | 19 |
| Capex | — | (9) | (0) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · ORGANIC RECYCLING SYSTEMS LIMI · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 6 quarters
| ₹ crore | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 13 | 15 | 18 | 26 | 30 | 74 |
| Profit before tax | 2 | 5 | 7 | 10 | 13 | 14 |
| Net profit | — | — | — | — | — | 13 |
| EPS (₹) | 3.85 | 7.47 | 8.79 | 11.60 | 13.98 | 14.99 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| REFEX INDUSTRIES LIMITED | 3,053 | 12.3 | 2.02 | 7.9 | 13.5 | 19.1 | 29.2 | 13.0 |
| EMS LIMITED | 1,605 | 23.6 | 1.52 | 11.4 | 8.6 | 11.0 | — | 17.9 |
| ANTONY WASTE HDG CELL LTD | 809 | 13.8 | 0.88 | 4.8 | 10.0 | 6.9 | 17.8 | 17.3 |
| ECO RECYCLING LTD. | 778 | 33.5 | 6.94 | 23.0 | 20.4 | 26.2 | 30.6 | 64.4 |
| CONCORD ENVIRO SYSTEMS L | 480 | — | 0.84 | 9.0 | 3.5 | 4.4 | — | (10.0) |
| VVIP Infratech Limited | 387 | 6.2 | — | — | — | 15.2 | — | — |
| ORGANIC RECYCLING SYSTEMS LIMI ◆ | 179 | 4.1 | 1.46 | 7.2 | 20.4 | 15.7 | — | 21.7 |
| GEM Enviro Management Limited | 87 | 18.4 | — | — | — | 11.8 | — | — |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 4.1 | 13.7 | 1 of 8 | 100% |
| P/B | 1.5 | 1.5 | 3 of 6 | 60% |
| ROCE | 15.7 | 13.8 | 3 of 9 | 75% |
| ROE | 20.4 | 11.8 | 2 of 6 | 80% |
| Debt / Equity | 0.4 | 0.2 | 5 of 6 | 20% |
| EBITDA margin | 21.7 | 17.6 | 2 of 6 | 80% |
| Revenue growth | 399.5 | 35.9 | 1 of 7 | 100% |
| Market cap | 179 | 480 | 7 of 9 | 25% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · ORGANIC RECYCLING SYSTEMS LIMI · 29 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · H1 FY27 revenue doubles, profit up 31%, but margin and cash flow weaken | results | medium | — | — |
| 28 Oct 2026 · H1 FY27 sales more than double and profit rises 31%, but cash flow turns negative | results | high | — | — |
| 23 Oct 2026 · Board to review half-year results on October 28 | results | low | — | — |
| 22 Oct 2026 · MoU with Mahanagar Gas to explore compressed biogas projects | strategic transactions | medium | — | — |
| 16 Oct 2026 · Subsidiary wins 5th BPCL CBG plant contract in Chhattisgarh | business updates | high | — | — |
| 13 Oct 2026 · RTA compliance certificate for Q2 FY27 under SEBI Reg 74(5) | compliance | minimal | — | — |
| 12 Oct 2026 · ORSL subsidiary wins 4th large BPCL EPCOM contract for CBG plant | business updates | high | — | — |
| 12 Oct 2026 · Board approves Rs 30 crore guarantee for subsidiary and deed of indemnity with insurer | credit debt | medium | — | — |
| 7 Oct 2026 · ORSL signs MoU with Aditya Birla Group for composite recycling | strategic transactions | high | — | — |
| 5 Oct 2026 · Non-promoter sells 0.01 percent stake in Organic Recycling Systems | ownership changes | low | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in