Organic Recycling Systems Ltd
Financial Result for the half year and year ended 31st March 2026
RESULTS
◆ Monitor Closely
MEDIUM RISK
📅 Filed on BSE: 24 Apr 2026, 12:50 PM IST · BSE ID: eddb4052-62a4-4bc1-a54f-971e61f22dd1
View Original BSE Filing (PDF)
💡
In Simple Terms
Organic Recycling Systems' profits doubled this year and the company is expanding into new farm waste recycling projects.
🤖 AI Summary
- FY26 standalone revenue INR 4,375.93 Lakhs, up 90.0% from prior year INR 2,302.59 Lakhs
- Board approved expansion into Build-Own-Operate projects in Agro Valorisation sector
- Rahul Shetye appointed Head-Human Resources effective May 4, 2026
- Equity fell to INR 17,262.61 Lakhs from INR 19,480.99 Lakhs year-on-year
- Non-current borrowings rose to INR 3,288.61 Lakhs from INR 2,973.92 Lakhs
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revenue from Operations FY26
INR 4,375.93 Lakhs
90.0%
Revenue from Operations FY25
INR 2,302.59 Lakhs
Total Equity March 31, 2026
INR 17,262.61 Lakhs
-11.4%
Total Equity March 31, 2025
INR 19,480.99 Lakhs
Non-current Borrowings March 31, 2026
INR 3,288.61 Lakhs
10.6%
Cash and Cash Equivalents March 31, 2026
INR 199.51 Lakhs
-92.1%
Trade Receivables March 31, 2026
INR 3,369.19 Lakhs
11.1%
🏢 How This Affects the Company
Revenue from operations nearly doubled to INR 4,375.93 Lakhs in FY26 from INR 2,302.59 Lakhs in FY25. Approved expansion into Build-Own-Operate projects in Agro Valorisation signals diversification of revenue streams beyond current operations.
Equity declined by INR 2,218.38 Lakhs to INR 17,262.61 Lakhs. Non-current borrowings increased by INR 314.69 Lakhs to INR 3,288.61 Lakhs, reflecting debt-funded expansion. Cash and equivalents fell sharply from INR 2,537.03 Lakhs to INR 199.51 Lakhs.
Inventory increased to INR 425.15 Lakhs from INR 2.66 Lakhs, indicating production ramp-up. Trade receivables rose to INR 3,369.19 Lakhs from INR 3,031.38 Lakhs, reflecting higher revenue base and extended credit terms.
Declining cash reserves and rising debt levels constrain financial flexibility. Significant equity erosion year-on-year requires monitoring of profitability sustainability and working capital management as company scales BOO projects.
👥 What This Means For Shareholders
✅
Action Required
No immediate action required. Monitor quarterly results for BOO project execution progress and cash flow trends.
👤
Who Is Affected
All equity shareholders. Dividend capacity constrained by declining cash (INR 199.51 Lakhs) and rising debt (INR 3,288.61 Lakhs non-current borrowings). Equity dilution ongoing.
🔍
Management Signal
Aggressive expansion strategy prioritises growth over near-term cash preservation. Rising debt and declining equity signal reliance on project-based returns from BOO model.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY27 results filing — verify revenue sustains above INR 1,000 Lakhs quarterly run rate
BOO project execution update — track contract wins and capex deployment in Agro Valorisation
Cash flow statement — monitor working capital and debt servicing trends in next quarterly results
MEDIUM RISK
Significant equity erosion, cash depletion, and rising debt amid expansion. BOO project execution and market demand sustainability unproven.
💡 Investor Takeaway
FY26 standalone revenue grew 90.0% to INR 4,375.93 Lakhs, but equity fell INR 2,218.38 Lakhs to INR 17,262.61 Lakhs. Cash reserves dropped to INR 199.51 Lakhs from INR 2,537.03 Lakhs. Expansion into BOO Agro Valorisation approved; execution and debt serviceability require monitoring.
⚖️ Strengths & Concerns
✅ Positives
- Revenue from operations doubled to INR 4,375.93 Lakhs in FY26 from INR 2,302.59 Lakhs, demonstrating strong demand.
- Expansion into Build-Own-Operate projects in Agro Valorisation approved by Board, opening new revenue streams.
⚠️ Concerns
- Equity declined by INR 2,218.38 Lakhs year-on-year to INR 17,262.61 Lakhs, indicating profitability challenges.
- Cash and equivalents collapsed to INR 199.51 Lakhs from INR 2,537.03 Lakhs, raising liquidity concerns.
📅 Company Track Record
Company incorporated in 2008 (CIN L40106MH2008PLC186309). First BSE financial results disclosure filed April 24, 2026. No prior BSE filings found in public records. Limited track record available for public investors.
Based on publicly available historical data. For context only.