BSE: 543997 | NSE: | Engineering | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Organic Recycling Systems Ltd is a below average quality company.
The key valuation ratios of Organic Recycling Systems Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Organic Recycling Systems Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -2.7% | -1.8% | 1.8% | 2.5% | 1.7% | 4.5% | 2.8% | - |
| Value Creation Index ⓘ | -1.2 | -1.1 | -0.9 | -0.8 | -0.9 | -0.7 | -0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||||
| Sales ⓘ | 3.6 | 5.7 | 8.8 | 8.3 | 9.3 | 13.1 | 18.1 | 18 |
| Sales YoY Gr. | - | 58.3% | 54.2% | -6% | 12.8% | 40% | 38.9% | - |
| Adj EPS ⓘ | -8.6 | -8.8 | -9 | 5.9 | 3.3 | 9.1 | 4.2 | 4.1 |
| YoY Gr. | - | NA | NA | NA | -44.2% | 176.8% | -53.5% | - |
| BVPS (₹) ⓘ | 190.4 | 211.1 | 211.9 | 216.8 | 220 | 211.9 | 209.9 | 209.9 |
| Adj Net Profit ⓘ | -3.6 | -3.6 | -3.7 | 2.4 | 1.4 | 4.7 | 3.3 | 3 |
| Cash Flow from Ops. ⓘ | -3.1 | -4.7 | 6.9 | -1.6 | 3.7 | -27 | -4.4 | - |
| Debt/CF from Ops. ⓘ | -10.6 | -8.8 | 0.9 | -32.4 | 13.6 | -2.4 | -7.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 26% | 30% | 38.9% | ||||
| Adj EPS ⓘ | NA | NA | -10.5% | -53.5% | ||||
| BVPSⓘ | NA | -0.1% | -1.1% | -1% | ||||
| Share Price | - | - | - | 4.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -4.5 | -4.3 | -4.2 | 2.7 | 1.5 | 4.7 | 2.4 | 2 |
| Op. Profit Mgn % ⓘ | -86.5 | -40.3 | -43.2 | 9.4 | 12.8 | 52.6 | 28.1 | NAN |
| Net Profit Mgn % ⓘ | -99 | -63.6 | -42.3 | 29.4 | 14.6 | 36.2 | 17.9 | 17.4 |
| Debt to Equity ⓘ | 0.4 | 0.5 | 0.1 | 0.6 | 0.5 | 0.6 | 0.2 | - |
| Working Cap Days ⓘ | 0 | 4,951 | 3,891 | 3,893 | 3,049 | 2,405 | 1,919 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 23 | 58 | 26 | 22 | -63 | 240 | 0 |
Sales growth is growing at healthy rate in last 3 years 29.96%
Return on Equity has declined versus last 3 years average to 1.90%
Net Profit has been subdued in last 3 years -10.47%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.1 | 10.1 |
| TTM Sales (₹ Cr.) | 18.1 | 27.5 |
| BVPS (₹.) ⓘ | 209.9 | 105.7 |
| Reserves (₹ Cr.) ⓘ | 154 | 74 |
| P/BV ⓘ | 1.36 | 2.69 |
| PE ⓘ | 69.73 | 28.23 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 208.60 / 339.00 |
| All Time Low / High (₹) | 208.60 / 339.00 |
| Market Cap (₹ Cr.) | 219 |
| Equity (₹ Cr.) | 7.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 46.2 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|
| Sales | 4 | 6 | 9 | 8 | 9 | 13 | 18 |
| Operating Expenses ⓘ | 7 | 8 | 13 | 7 | 8 | 6 | 13 |
| Manufacturing Costs | 0 | 0 | 0 | 1 | 1 | 1 | 4 |
| Material Costs | 2 | 5 | 8 | 3 | 2 | 1 | 4 |
| Employee Cost | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Other Costs ⓘ | 2 | 2 | 2 | 1 | 4 | 2 | 3 |
| Operating Profit ⓘ | -3 | -2 | -4 | 1 | 1 | 7 | 5 |
| Operating Profit Margin (%) | -86.5% | -40.3% | -43.2% | 9.4% | 12.8% | 52.6% | 27.2% |
| Other Income ⓘ | 0 | 0 | 0 | 3 | 1 | 1 | 0 |
| Interest ⓘ | 1 | 2 | 2 | 1 | 1 | 1 | 1 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 6 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -4 | -4 | 0 | 2 | 1 | 6 | 4 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit After Tax | -4 | -4 | 0 | 2 | 1 | 5 | 3 |
| PAT Margin (%) | -99.0% | -63.5% | 3.7% | 28.6% | 14.6% | 36.2% | 17.4% |
| Adjusted EPS (₹) | -8.6 | -8.8 | 0.8 | 5.7 | 3.3 | 9.1 | 4.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 79 | 88 | 88 | 90 | 92 | 110 | 162 | |||
| Share Capital ⓘ | 0 | 0 | 0 | 0 | 0 | 5 | 8 | |||
| Reserves ⓘ | 79 | 87 | 88 | 90 | 91 | 105 | 154 | |||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Debt | 33 | 41 | 6 | 51 | 50 | 66 | 31 | |||
| Long Term Debt | 0 | 0 | 0 | 45 | 44 | 66 | 31 | |||
| Short Term Debt | 33 | 41 | 6 | 6 | 6 | 0 | 0 | |||
| Trade Payables | 1 | 5 | 8 | 7 | 7 | 7 | 7 | |||
| Others Liabilities ⓘ | 19 | 17 | 58 | 20 | 31 | 11 | 9 | |||
| Total Liabilities ⓘ | 132 | 151 | 160 | 168 | 180 | 195 | 209 | |||
Fixed Assets | ||||||||||
| Gross Block | 0 | 0 | 2 | 2 | 2 | 2 | 2 | |||
| Accumulated Depreciation | 0 | 0 | 1 | 1 | 1 | 1 | 1 | |||
| Net Fixed Assetsⓘ | 0 | 0 | 1 | 1 | 1 | 0 | 1 | |||
| CWIP ⓘ | 1 | 1 | 0 | 2 | 4 | 7 | 9 | |||
| Investmentsⓘ | 59 | 59 | 59 | 89 | 95 | 95 | 95 | |||
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Trade Receivables | 1 | 4 | 8 | 12 | 17 | 21 | 27 | |||
| Cash Equivalents | 4 | 3 | 0 | 1 | 0 | 0 | 6 | |||
| Others Assetsⓘ | 67 | 83 | 92 | 64 | 63 | 71 | 71 | |||
| Total Assets ⓘ | 132 | 151 | 160 | 168 | 180 | 195 | 209 | |||
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -3 | -5 | 7 | -2 | 4 | -27 | -4 |
| PBT ⓘ | -4 | -4 | -5 | 2 | 1 | 6 | 4 |
| Adjustment ⓘ | 0 | 0 | 2 | -2 | 1 | 1 | 1 |
| Changes in Working Capital ⓘ | 1 | -1 | 5 | -2 | 1 | -34 | -9 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -19 | -16 | -5 | -2 | -3 | -1 | -3 |
| Capex | 0 | 0 | 0 | 0 | 0 | 0 | -1 |
| Net Investments | 0 | 0 | 3 | 0 | 0 | 1 | -1 |
| Others ⓘ | -19 | -16 | -8 | -2 | -2 | -2 | -2 |
| Cash Flow From Financing Activityⓘ | 23 | 21 | -2 | 4 | -2 | 28 | 13 |
| Net Proceeds from Shares ⓘ | 16 | 12 | 0 | 0 | 0 | 0 | 48 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 5 | -1 | 22 | -35 |
| Interest Paid ⓘ | 0 | 0 | -2 | -1 | -1 | -1 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 7 | 8 | 0 | 0 | 0 | 8 | 0 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 1 | -1 | 0 | 6 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -4.52 | -4.36 | 0.38 | 2.66 | 1.49 | 4.68 | 2.31 | |||
| ROCE (%) | -2.71 | -1.75 | 1.8 | 2.49 | 1.66 | 4.52 | 2.75 | |||
| Asset Turnover Ratio | 0.03 | 0.04 | 0.06 | 0.05 | 0.05 | 0.07 | 0.09 | |||
| PAT to CFO Conversion(x) | N/A | N/A | N/A | -1 | 4 | -5.4 | -1.33 | Working Capital Days | ||
| Receivable Days | 57 | 156 | 262 | 448 | 572 | 529 | 480 | |||
| Inventory Days | 43 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Payable Days | 177 | 222 | 272 | 798 | 1,539 | 4,787 | 640 | |||
Organic Recycling Systems was originally incorporated on August 29, 2008, as a private limited Company under the name and style of Organic Recycling Systems Private Limited under the provisions of Companies Act, 1956 with the Registrar of Companies, Mumbai. Pursuant to shareholders ‘resolution passed at Extra Ordinary General Meeting held on Monday, September 26, 2022 the company was converted into a Public Limited Company and the name of the Company was changed to Organic Recycling Systems Limited vide a fresh Certificate of Incorporation dated September 29, 2022 issued by Registrar of Companies, Mumbai.
The company is an engineering company focused on environmental solutions and provide waste management solutions across waste types and across the value chain. The company has been a forerunner in providing sustainable waste management solutions in India since 2008. Incorporated by technocrats its focus primarily has been on developing robust, cost effective & environment friendly technologies that are simple to operate. It has proven technology and capability of successfully running one of India’s first Waste to Energy (WTE) plant developed on anaerobic biomethanation technology.
The anaerobic bio methanation technique has been recognized as a promising technology as per National Master Plan issued by Government of India, it has also set up a MSW processing and disposal plant in Solapur, Maharashtra to convert Municipal Solid Waste (MSW) into electricity and compost. The plant has been operational since 2013 with the plant being recognized as one of the case studies for best practices for MSWM under the Swachh Bharat Mission and various other reports. With the data collected over the years, the company is now a front runner for various EPC opportunities in the country and therefore providing solutions encompassing entire value chain for waste management. Its Business verticals includes Build Own Operate Transfer (BOOT) model, Engineering Procurement and Commissioning (EPC) model and Supply of key equipment.
Business area of the company
The company is an engineering company focused on environmental solutions and provide waste management solutions across waste types and across the value chain.
History and milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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