Organic Recycling Systems Ltd (543997) Quarterly Report Analysis & Insights

Organic Recycling Systems Ltd

| Audited Standalone Assets & Liabilities Statement as of March 31, 2026

⬤24th Apr 26

Summary : Organic Recycling Systems Limited announces strategic expansion into bioenergy and waste-to-energy with significant capex, reporting strong financial performance.

Quarterly Report Analysis & Insights

Financial Disclosures

Standalone Total expenses: FY26 - 3,888.04 Lakhs, FY25 - 2,307.87 Lakhs.
Consolidated Total expenses: FY26 - 7,920.61 Lakhs, FY25 - 3,178.06 Lakhs.
Standalone Revenue from operations: FY26 - 4,375.93 Lakhs, FY25 - 2,737.59 Lakhs.
Consolidated Revenue from operations: FY26 - 10,507.46 Lakhs, FY25 - 4,839.06 Lakhs.
Standalone Net cash flow from operating activities: FY26 - (197.73) Lakhs, FY25 - (1,248.01) Lakhs.
Standalone Net cash used in investing activities: FY26 - 46.38 Lakhs, FY25 - (405.58) Lakhs.
Standalone Net cash used in financing activities: FY26 - (2,186.19) Lakhs, FY25 - 3,611.49 Lakhs.
Consolidated Net cash flow from operating activities: FY26 - 1,855.46 Lakhs, FY25 - (995.55) Lakhs.
Consolidated Net cash used in investing activities: FY26 - (2,304.18) Lakhs, FY25 - (1,291.74) Lakhs.
Consolidated Net cash used in financing activities: FY26 - (1,805.97) Lakhs, FY25 - 4,007.95 Lakhs.
Standalone Total Assets: FY26 - 23,334.23 Lakhs, FY25 - 24,014.36 Lakhs.
Standalone Total Equity: FY26 - 17,262.61 Lakhs, FY25 - 19,480.99 Lakhs.
Consolidated Total Assets: FY26 - 21,034.81 Lakhs, FY25 - 18,334.80 Lakhs.
Consolidated Total Equity: FY26 - 12,311.80 Lakhs, FY25 - 12,424.00 Lakhs.
Both standalone and consolidated financial results are presented.
Consolidated results include subsidiaries, associates, and a partnership firm.

Corporate Overview

India (implied by Indian regulations and Mumbai address).
Strong policy support from Government for clean energy.
Cleantech, innovation, engineering company.
Focus on Bioenergy and Waste-to-Energy.
Specializes in Compressed Biogas (CBG) production.
Engaged in circular agri-resource management.
Undertakes Build-Own-Operate (BOO) projects in Agro Valorisation.
Formal and informative, announcing strategic expansion and financial results.
Positive outlook on new business ventures and growth opportunities.
Multi-product platform including CBG.
Organic fertilizers and dairy-linked outputs.
Expansion into integrated Build-Own-Operate (BOO) projects in Agro Valorisation.
Estimated capital expenditure of approximately INR 200 crore per project for integrated CBG platform.
Total estimated investment of INR 1,000 crore for multiple projects.
Company proposes to commit approximately INR 500 crore in phases.

Risk Factors

High capital outlay for new BOO projects.
Execution risks in large-scale expansion plans.
Regulatory changes could impact new ventures.
Market competition in waste-to-energy sector.

Key Drivers

Expanding into high-growth clean energy sector.
Significant capital expenditure for new projects.
Diversifying revenue streams with multi-product platform.
Strong government policy support for bioenergy.

Auditor’s Report

Unmodified opinion on Standalone Financial Results.
Unmodified opinion on Consolidated Financial Results.

Board Commentary

Appointment of Mr. Rahul Shetye as 'Head-Human Resources' effective May 4, 2026.
Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Redemption of 21,054 0% Redeemable Non-Cumulative Preference Shares (face value ₹2.1 Lakhs).
Total consideration for redemption was ₹2621 Lakhs, premium adjusted against Securities Premium Account.
Warrant proceeds utilized for Preference Shares redemption (2,621 Lakhs) and General Corporate Purpose (1,188 Lakhs).

Corporate Governance

Auditors comply with ICAI Code of Ethics.
Auditors are independent of the Company/Group.
Audit Committee and Nomination and Remuneration Committee mentioned.

Management Discussion & Analysis

Future Strategy

Establish a scalable and integrated platform in bioenergy and sustainable agri-resource management.
Develop multiple integrated CBG projects.

Industry Overview

Entry into high-growth clean energy and bioenergy sector.
Strong policy support from Government for clean energy.

Operational Focus Areas

Feedstock aggregation (paddy straw, Napier grass, cattle waste).
CBG production through anaerobic digestion.
Processing of by-products (organic fertilizers).
Integrated Gaushala-linked operations and allied revenue streams.

Performance Drivers

Diversification of revenue streams through multi-product platform.
Sustainable and circular utilization pathways for agricultural/cattle waste.
Contribution to environmental objectives (methane reduction, stubble burning).
Enhancement of soil health and agricultural productivity.
Generation of local employment opportunities, including women.
Improvement in farmer incomes via structured biomass procurement.
Alignment with ESG objectives and national climate goals.