ORGANIC RECYCLING SYSTEMS LIMITED

BSE: ORGANICREC543997ISIN INE0MIO01019

Utilities
Waste Management

Share price

₹219.25+1.20 (+0.55%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

Splits and bonuses

20 Aug 2026 · Bonus 1:2

52W high: ₹231.00
52W low: ₹137.33
Off 52W high: -5.09%
1M return: +7.61%
3M return: +43.61%
6M return: +29.76%
1Y return: +31.52%
20D avg volume: 85,365
50 DMA: ₹186.15
200 DMA: ₹164.72

Key ratios Consolidated

Market cap: ₹342.01 Cr
Current price: ₹219.25
52W high / low: ₹231.00 / ₹137.33
Face value: ₹10.00
P/E: —
P/B: 2.46
EPS (TTM): —
Book value / share: ₹88.99
ROE: —
ROCE: 16.00%
Operating margin: —
Net margin: —
Debt / equity: 0.36
Net debt: ₹41.99 Cr
Interest cover: 55.02
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 234.6 days

Financials

Metric	FY26	FY25	FY24
Income statement
	105.08	43.77	27.49
	0.60	4.96	0.30
	105.68	48.73	27.79
	79.21	31.68	21.11
	0.02	0.74	4.03
	56.72	9.39	—
	6.62	4.47	3.67
	0.49	0.26	1.30
	3.93	3.43	2.66
	17.45	15.93	6.46
	26.47	17.05	6.68
	0.00	-0.12	0.00
	26.47	16.93	6.68
	1.39	1.21	1.09
	25.08	15.72	7.77
	28.96	20.39	—
Key metrics
	30.89	20.62	10.64
	29.40%	47.10%	38.70%
	23.90%	35.90%	28.30%
	16.00%	9.60%	—
	140.10%	59.20%	—
	59.50%	102.30%	—
	18.39	-15.32	—
	0.74	-0.43	—
	0.36	—	—
	41.99	—	—
	234.6	319.0	—
Balance sheet
	210.35	193.62	—
	98.29	78.82	—
	2.85	0.01	—
	69.69	36.50	—
	9.70	3.66	—
	6.02	0.30	—
	47.03	50.67	—
	11.85	1.91	—
	42.21	14.09	—
	44.84	—	—
	2.90	—	—
	41.94	—	—
	123.12	—	—
Cash flow
	18.55	-6.70	—
	-23.04	-16.64	—
	-18.06	40.55	—
	0.16	8.62	—

Metric	FY26	FY25	FY24
Income statement
	43.76	25.23	18.13
	0.41	2.38	0.29
	44.17	27.61	18.42
	38.88	22.98	14.14
	0.02	0.74	4.03
	31.76	9.39	—
	4.57	3.50	2.45
	0.28	0.05	0.77
	1.38	0.78	0.16
	5.09	8.52	2.95
	5.29	4.63	4.28
	0.00	—	—
	5.29	4.63	4.28
	1.26	1.18	1.13
	4.02	3.42	3.15
	4.65	4.44	—
Key metrics
	6.95	5.46	5.21
	15.90%	21.60%	28.70%
	9.20%	13.60%	17.40%
	2.60%	1.90%	—
	73.40%	39.20%	—
	17.50%	8.60%	—
	-2.12	-15.69	—
	-0.49	-4.49	—
	0.20	—	—
	32.98	—	—
	291.0	225.2	—
Balance sheet
	233.34	247.74	—
	45.92	46.41	—
	2.00	0.00	—
	33.69	16.19	—
	4.25	0.03	—
	2.53	0.13	—
	1.18	0.68	—
	3.05	0.65	—
	21.72	5.98	—
	34.98	—	—
	2.09	—	—
	32.89	—	—
	172.63	—	—
Cash flow
	-1.98	-15.36	—
	0.46	-1.66	—
	-21.86	36.60	—
	0.14	0.33	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 15.07%

Quarter	September 2026	June 2026
Promoter %	15.07%	15.07%

Holder	Type	Holding	Previous	Change
SARANG BHAND	Promoter	15.07%	15.07%	0.00%
BHAVI ANIL SHAH	Public	9.62%	9.62%	0.00%
SUHRUD CHIMANBHAI PATEL	Public	5.27%	5.27%	0.00%
SAUMIK KETANKUMAR DOSHI	Public	3.59%	3.59%	0.00%
HARISHBHAI RATILALBHAI MEHTA	Public	3.46%	3.46%	0.00%
PAULOMI KETANKUMAR DOSHI	Public	2.75%	2.75%	0.00%
MANISH MAHENDRA MODI	Public	2.24%	2.24%	0.00%
PRAFUL AMIDAS MEHTA	Public	1.89%	1.89%	0.00%
BALRAM CHAINRAI	Public	1.47%	1.47%	0.00%
HARSHAD NANALAL MEHTA	Public	1.44%	—	—
SANDHYA HARSHAD MEHTA	Public	1.44%	1.44%	0.00%
VISHAL JITENDRA SHAH	Public	1.43%	—	—
POOJA JITENDRA SHAH	Public	1.41%	—	—
JITENDRA KANTILAL SHAH	Public	1.40%	—	—
PRATIMA PRAKASH SHAH	Public	1.20%	1.20%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
SFC Environmental Technologies Ltd	3,984	406.75	—	—	—	—	—
Refex Industries Limited	3,051	222.30	11.63	21.00%	+47.93% TTM	+69.81% TTM	-40.68%
EMS LIMITED	1,689	304.15	24.61	12.10%	-33.85% TTM	-62.95% TTM	-39.52%
Antony Waste Handling Cell Limited	871	306.80	12.52	11.50%	+11.83% TTM	-32.02% TTM	-40.65%
Eco Recycling Limited	777	402.75	32.44	26.70%	+31.79% TTM	+18.31% TTM	-32.59%
Concord Enviro Systems Limited	466	225.05	-29.68	7.80%	-1.19% TTM	-133.28% TTM	-52.73%
VVIP Infratech Limited	397	159.00	—	16.90%	—	—	+4.95%
ORGANIC RECYCLING SYSTEMS LIMITED	342	219.25	—	16.00%	—	—	+31.52%
RACE ECO CHAIN LIMITED	181	105.00	22.89	19.70%	+4.43% TTM	+2.06% TTM	-50.08%
GEM Enviro Management Limited	86	38.22	—	12.20%	—	—	-29.22%
EP BIOCOMPOSITES LIMITED S	15	88.00	10.15	16.30%	—	—	-31.25%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Submission of Certificate from Statutory Auditor persuant to Regulation 169(5) of SEBI ICDR regulations, 20184 Nov 2026 · Company Update / General
Allotment of 10,00,000 equity shares to Promoter Mr. Sarang Bhand on preferential basis.4 Nov 2026 · Company Update / Allotment of Equity Shares
Organic Recycling Systems Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/11/2026 ,inter alia, to consider and approve 1. The proposal for ....3 Nov 2026 · Board Meeting / Board Meeting
Unaudited Standalone and Consolidated Financial Results of the Company for the half year ended September 30, 202628 Oct 2026 · Result / Financial Results
Unaudited Standalone and Consolidated Financial Results of the Company for the half year ended September 30, 2026.28 Oct 2026 · Board Meeting / Outcome of Board Meeting
Organic Recycling Systems Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/10/2026 ,inter alia, to consider and approve The Unaudited Standalone ....23 Oct 2026 · Board Meeting / Board Meeting
MOU with Mahanagar Gas Limited22 Oct 2026 · Company Update / Memorandum of Understanding /Agreements
Solapur Bioenergy Systems Private Limited, Wholly Owned Subsidiary of Organic Recycling Systems Limited secures 05th Large Scale Contract for CBG Project from BPCL in Chhattisgarh.16 Oct 2026 · Company Update / Award of Order / Receipt of Order
Certificate Under Reg 74(5) of SEBI (DP) Regulations 2018 for the quarter ended 30th September 2026.13 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Large Scale EPCOM contract to Wholly Onwed Subsidiary "Solapur Bioenergy Systems Private Limited"12 Oct 2026 · Company Update / Award of Order / Receipt of Order
Approval for providing a Corporate Guarantee and Approval for Execution of a Deed of Indemnity12 Oct 2026 · Company Update / General
The Company has entered into a Momorandum of Understanding (MoU) with The Advanced Materials Business of Aditya Birla Chemicals (Thailand) Limited, part of The Aditya Birla Group.7 Oct 2026 · Company Update / Memorandum of Understanding /Agreements
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Suhrud Patel5 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Voting result for the 18th AGM of the Company1 Oct 2026 · AGM/EGM / AGM
18TH AGM VOTING RESULT AND SCRUTINIZER''S REPORT1 Oct 2026 · AGM/EGM / AGM
Scrutinizer Report of 18th AGM of the Company30 Sep 2026 · AGM/EGM / AGM
Revised Proceedings of the 18th Annual General Meeting30 Sep 2026 · Company Update / General
PROCEEDINGS OF 18TH AGM30 Sep 2026 · Company Update / General
Cessation of Mr. Yashas Bhand (DIN: 07118419) form the post of Whole Time Director and Chief Executive Officer of the Company with effect from September 24, 202624 Sep 2026 · Company Update / Change in Management
Corrigendum to the Notice of the 18th Annual General Meeting24 Sep 2026 · AGM/EGM / AGM
Cessation of the Mr. Yashas Bhand (DIN: 07118419), Whole Time Director and CEO with immediate effect i.e September 24, 202624 Sep 2026 · Company Update / Cessation
Outcome of Board Meeting held on September 24, 2026 - Approval of Corrigendum to the Notice of the 18th Annual General Meeting24 Sep 2026 · Others / Outcome without intimation
Closure of Trading Window21 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Copies of Newspaper advertisement for 18th AGM published in Business Standerd-English Edition and Prahatkal-Marathi Edition.9 Sep 2026 · Company Update / Newspaper Publication
Copies of the Newspaper advertisements published on 08th September 2026 , in the Business Standered (All India-English Edition) and Pratahkal (Marathi Neewspaper), in respect of 18th Annual ....9 Sep 2026 · Company Update / Newspaper Publication
We wish to inform you that Solapur Bioenergy Systems Private Limited (SBESPL), A wholly owned subsidary of Organic Recycling Systems Limited (the Company) , has secured APCOM contract from ....9 Sep 2026 · Company Update / Award of Order / Receipt of Order
We Wish to inform you that Solapur Bioenergy Systems Private Limited ("SBEPSL"), a Wholly Owned Subsidiary of Organic Recycling Systems Limited (The Company), has secured Contracts from ....8 Sep 2026 · Company Update / Award of Order / Receipt of Order
Notice of 18th Annual General Meeting of Organic Recycling Systems Limited7 Sep 2026 · AGM/EGM / AGM
Enclosing Herewith is the Notice calling the 18th Annual general Meeting of the Company7 Sep 2026 · AGM/EGM / AGM
in Compliance with Reg 30 and reg 36(1)(b), please find attached Format of letters sent by Organir Recycling Systems Limited to those sharehodlers whose e-mail address are not registered ....7 Sep 2026 · AGM/EGM / AGM
Annual Report_2025-26_Organic Recycling Systems Limited7 Sep 2026 · Others / Reg. 34 (1) Annual Report
Copies of Newspaper advertisement for Eighteenth AGM published in Business standerd- English Edition and Pratahkal- Marathi Edition.4 Sep 2026 · Company Update / Newspaper Publication
Outcome of Board Meeing for approval of (a) Issue of up to 10,00,000 ( Ten Lakhs), fully paid-up equity share of the Company of face value of INR 10 (Indian Rupees Ten only) each at a ....2 Sep 2026 · Board Meeting / Outcome of Board Meeting
Organic Recycling Systems Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 02/09/2026 ,inter alia, to consider and approve 1) proposal for raising ....29 Aug 2026 · Board Meeting / Board Meeting
Intimation of Allotment of Bonus Equity Shares21 Aug 2026 · Company Update / Allotment of Equity Shares
The Company has fixed record date as Thursday, August 20, 2026 for ascertaining the eligibility of shareholders entitled for allotment of Bonus Equity Shares in the ratio of 1:2 and deemed ....5 Aug 2026 · Corp. Action / Record Date
Intimation of appointment of Company Secretary and Compliance Officer5 Aug 2026 · Company Update / Appointment of Company Secretary / Compliance Officer
Intimation of resignation of Company Secretary/Compliance Officer5 Aug 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
Please find enclosed herewith copy of Outcome of the Board Meeting5 Aug 2026 · Others / Outcome without intimation
Voting Result in respect of Extra-ordinary General Meeting of the Company along with scrutinizer report3 Aug 2026 · AGM/EGM / EGM

Corporate actions

Purpose	Ex date	Record date	Payment date
Bonus issue 1:2	20 Aug 2026	20 Aug 2026	—

Board meetings

28 Oct 2026 Board Meeting - Financial Results