Organic Recycling Systems Limited - construction in Thane, Maharashtra, India. FY 2026 financials & compliance.
CIN L40106MH2008PLC186309 Incorporated 29 August 2008 ROC Mumbai HQ Thane, Maharashtra, India
Active Listed - BSE: 543997 Public Limited Company construction MSME · Medium
Data last updated
Market Cap
₹321 Cr
ORGANICREC · BSE
Share Price
₹203.00
-1.43% today
Revenue
₹105 Cr
FY 2025-26 · +140.1% YoY
EBITDA
₹30.28 Cr
Margin 28.8%
Net Profit
₹25.07 Cr
FY 2025-26 · +58.5% YoY
P/E (TTM)
12.5x
P/B 2.0x
Authorised capital
₹20.5 Cr
Registered with MCA
Paid-up capital
₹15.71 Cr
Issued & subscribed

About Organic Recycling Systems Limited

Data last updated:

Organic Recycling Systems Limited is a public limited company based in Thane, Maharashtra, India. It operates in the demolition and construction services segment of the construction sector. It was incorporated on 29 August 2008 and has been in existence for over 18 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L40106MH2008PLC186309. Its GSTIN is 27AABCO0867H1ZE (Maharashtra). The company holds 2 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 543997.

The company has an authorised share capital of ₹20.5 Cr and a paid-up capital of ₹15.71 Cr. It was formerly known as Organic Recycling Systems Private Limited. It is led by directors including Sarang Bhand (Managing Director) and Amit Vijay Karia.

Its last annual general meeting (AGM) was held on 11 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Thane, Maharashtra.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹105.07 Cr, a growth of 140.1% compared to the previous year. For the same year it recorded a net profit of ₹25.07 Cr (net margin 23.9%) and EBITDA of ₹30.28 Cr (EBITDA margin 28.8%). The net worth stands at ₹123.13 Cr (down 0.9% YoY). Total assets are valued at ₹171.45 Cr (up 4.5% YoY).

The company has about 37 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Organic Recycling Systems. As per MCA filings, the company has open charges of ₹33.84 Cr and satisfied charges of ₹7.55 Cr on record. Court records list 22 cases involving the company, including 15 filed by the company and 7 filed against it; 2 cases are pending. The company has 32 deals on record (14 market trades, 10 secondary share transfers, 6 funding rounds), with disclosed funding of ₹114.91 Cr; the latest was in September 2026. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 19 overdue payments to 7 micro and small suppliers.

Organic Recycling Systems Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0033124). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website organicrecycling.co.in.

Company details

CIN L40106MH2008PLC186309
Registration Number 186309
Incorporation Date 29 August 2008
ROC Mumbai
Listing Status Listed - Listed on BSE (543997)
Company Status Active
Date of Last AGM 11 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-33-0033124

CIN history

Organic Recycling Systems has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L40106MH2008PLC186309, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L40106MH2008PLC186309Current
U40106MH2008PLC186309Previous
U40106MH2008PTC186309Previous

Recognitions & Rankings of Organic Recycling Systems

MSME (Udyam registered) Ministry of MSME
Category
Medium (2026-27)
Udyam number
UDYAM-MH-33-0033124

Contact details

Organic Recycling Systems Limited's registered office is in Thane, Maharashtra.

  • Social Media
  • Registered Address
    1003 10th Floor The Affaires, Plot No 9 Sector No 17 Sanpada Navi Mumbai, Thane, Maharashtra, India – 400705
  • Industry
    Construction, Demolition & Construction Services, Electrical Services, Plumbing Services & Construction Specialties
Comprehensive company report
Organic Recycling Systems Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Organic Recycling Systems operates one associated brand: Organic Recycling Systems. Each brand links to its own profile.

BrandDescriptionWebsite
Provider of waste management solutionsorganicrecycling.co.in

Business activity

The main business activities of Organic Recycling Systems are manufacturing, construction and trade. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, demolition & site preparation, electrical, plumbing & other specialized construction activities and retail trading. 3 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment
FConstructionF3Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities
GTradeG2Retail Trading
MProfessional, Scientific and TechnicalM4Architecture, engineering activities, technical testing and analysis activities
MProfessional, Scientific and TechnicalM9Other professional, scientific and technical activities
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities

To see the full business activity and turnover split of Organic Recycling Systems Limited, buy the company report.

Financials of Organic Recycling Systems Limited

FY 2025-26 filings available

Organic Recycling Systems Limited reported revenue of ₹105.07 Cr (up 140.1% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹105 Cr
+140.1% YoY
EBITDA
₹30.28 Cr
+92.5% YoY
Profit After Tax
₹25.07 Cr
+58.5% YoY
Net Worth
₹123 Cr
-0.9% YoY
Total Assets
₹171 Cr
+4.5% YoY
Total Debt
₹45.61 Cr
+22.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue10543.7727.4924.7214.6112.52
Revenue growth+140.1%+59.2%+11.2%+69.2%+16.7%-
EBITDA30.2815.7310.5311.25(0.66)0.19
EBITDA margin+28.8%+35.9%+38.3%+45.5%-4.5%+1.5%
Profit before tax26.4616.926.674.65(5.34)(4.49)
Net profit25.0715.827.903.64(5.42)(4.49)
Net profit margin+23.9%+36.1%+28.7%+14.7%-37.1%-35.9%
EPS (₹)24.1218.1510.097.03(3,877.03)(3,256.30)
Balance sheet
Total assets17116411810067.2480.33
Net worth12312481.5625.508.0913.44
Total debt45.6137.1433.0569.8254.1854.50
Cash & bank2.8527.268.190.230.270.92
Net working capital59.3973.7333.0419.23(15.82)(3.49)
Cash flow
Cash from operations18.55(9.96)2.80(23.70)7.84(0.22)
Cash from investing(23.04)(12.92)(5.03)(3.86)(6.68)(3.50)
Cash from financing(18.06)40.0810.2227.52(1.84)4.44
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue43.7625.2318.1313.059.328.268.79
Revenue growth+73.4%+39.2%+38.9%+40.0%+12.8%-6.0%-
EBITDA6.543.114.936.871.190.68(3.81)
EBITDA margin+15.0%+12.3%+27.2%+52.6%+12.8%+8.2%-43.3%
Profit before tax5.294.634.275.731.362.360.32
Net profit4.033.423.264.721.362.450.32
Net profit margin+9.2%+13.6%+18.0%+36.2%+14.6%+29.7%+3.6%
EPS (₹)3.873.954.099.08982.3251.68239.18
Balance sheet
Total assets-242196181147153140
Net worth-20316211091.8590.4988.13
Total debt-29.8231.2665.9650.0050.706.21
Cash & bank-27.235.790.150.210.790.06
Net working capital-40.5222.0212.05(16.49)(1.77)(11.55)
Cash flow
Cash from operations(1.98)(12.48)(4.42)(27.02)3.68(1.57)-
Cash from investing0.46(4.06)(2.76)(1.47)(2.59)(2.04)-
Cash from financing(21.86)36.1112.8228.44(1.67)4.33-

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 28 Oct 2026
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue10543.7727.4924.7214.6112.52
Revenue growth+140.1%+59.2%+11.2%+69.2%+16.7%-
Other income0.604.960.300.622.953.26
Total expenses74.7928.0416.9613.4715.2712.33
Employee cost0.004.473.673.592.752.28
EBITDA30.2815.7310.5311.25(0.66)0.19
EBITDA margin+28.8%+35.9%+38.3%+45.5%-4.5%+1.5%
Depreciation3.933.432.664.965.966.45
Interest0.490.341.502.261.671.49
Profit before tax26.4616.926.674.65(5.34)(4.49)
Tax1.391.21(1.09)1.010.000.00
Net profit25.0715.827.903.64(5.42)(4.49)
Net profit margin+23.9%+36.1%+28.7%+14.7%-37.1%-35.9%
EPS (₹)24.1218.1510.097.03(3,877.03)(3,256.30)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital8.808.827.865.360.460.46
Reserves & surplus10310473.7020.147.6312.98
Shareholders' funds (net worth)12312481.5625.508.0913.44
Minority interest0.000.000.000.000.000.00
Secured loans2.780.932.795.5412.0011.40
Unsecured loans42.8336.2130.2664.2842.1843.10
Total debt45.6137.1433.0569.8254.1854.50
Total liabilities17116411810067.2480.33
Assets
Gross block134124113113111111
Net block65.0160.8955.5160.2464.5368.64
Capital work in progress34.8917.9316.8810.296.193.07
Investments0.000.000.000.000.000.00
Inventories9.703.661.170.901.201.07
Sundry debtors69.6950.6235.4331.2819.9914.52
Cash & bank balances2.8527.268.190.230.270.92
Loans & advances16.0411.405.305.802.172.39
Total current assets98.2892.9450.0938.2123.6318.90
Total current liabilities38.8919.2117.0518.9839.4522.39
Net working capital59.3973.7333.0419.23(15.82)(3.49)
Total assets17116411810067.2480.33
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash25.408.190.200.240.920.21
Net cash from operating activities18.55(9.96)2.80(23.70)7.84(0.22)
Net cash from investing activities(23.04)(12.92)(5.03)(3.86)(6.68)(3.50)
Net cash from financing activities(18.06)40.0810.2227.52(1.84)4.44
Net change in cash(22.55)17.217.99(0.04)(0.69)0.72
Closing cash2.8527.268.190.230.270.92
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth+140.1%+59.2%+11.2%+69.2%+16.7%-
EBITDA growth+92.5%+49.4%-6.4%+1804.6%-447.4%-
PBT growth+56.4%+153.7%+43.4%+9998.0%-18.9%+9997.0%
Net income growth+58.5%+100.3%+117.0%+167.2%-20.7%-
Revenue CAGR (3Y)+62.0%+44.2%+30.0%---
EBITDA CAGR (3Y)+39.1%-+281.3%---
Profitability & leverage
Net income margin+23.9%+35.9%+28.2%+14.7%-36.6%-35.9%
Return on capital employed-+7.8%+4.2%+5.4%0.0%0.0%
Return on net worth-+8.6%+5.6%+6.0%0.0%0.0%
Debt / equity-0.320.963.695.054.05
Long-term debt / equity-0.040.040.230.400.28
Interest cover1.862.7619.0635.93-25.23-23.80
Efficiency & per share
Fixed asset turnover-0.370.240.220.130.11
Inventory turnover-18.1226.5623.5412.8711.70
Debtors turnover-1.220.820.960.850.86
EPS (₹)24.1218.1510.097.03(3,877.03)(3,256.30)
Dividend per share (₹)0.000.000.000.000.000.00
Book value per share (₹)0.00142.42105.7348.755,539.579,416.59
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue43.7625.2318.1313.059.328.268.79
Revenue growth+73.4%+39.2%+38.9%+40.0%+12.8%-6.0%-
Other income0.412.380.290.591.382.505.96
Total expenses37.2222.1213.206.188.137.5812.60
Employee cost0.003.502.452.382.051.631.61
EBITDA6.543.114.936.871.190.68(3.81)
EBITDA margin+15.0%+12.3%+27.2%+52.6%+12.8%+8.2%-43.3%
Depreciation1.380.780.160.260.220.250.16
Interest0.280.080.791.470.990.571.67
Profit before tax5.294.634.275.731.362.360.32
Tax1.261.211.131.010.000.000.00
Net profit4.033.423.264.721.362.450.32
Net profit margin+9.2%+13.6%+18.0%+36.2%+14.6%+29.7%+3.6%
EPS (₹)3.873.954.099.08982.3251.68239.18
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital-8.827.865.360.460.460.46
Reserves & surplus-18315410591.3990.0387.67
Shareholders' funds (net worth)-20316211091.8590.4988.13
Secured loans-0.160.190.246.246.010.11
Unsecured loans-29.6631.0765.7243.7644.696.10
Total debt-29.8231.2665.9650.0050.706.21
Total liabilities-242196181147153140
Assets
Gross block-9.182.021.951.911.611.59
Net block-7.110.740.460.680.600.84
Capital work in progress-3.688.536.534.302.010.00
Investments-95.4795.4795.4795.4788.9758.97
Inventories-0.030.010.000.000.000.00
Sundry debtors-16.1927.0920.6317.2211.958.31
Cash & bank balances-27.235.790.150.210.790.06
Loans & advances-2.971.725.170.370.690.93
Total current assets-46.4234.6125.9517.8013.439.30
Total current liabilities-5.9012.5913.9034.2915.2020.85
Net working capital-40.5222.0212.05(16.49)(1.77)(11.55)
Total assets-242196181147153140
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash25.375.790.150.210.790.06-
Net cash from operating activities(1.98)(12.48)(4.42)(27.02)3.68(1.57)-
Net cash from investing activities0.46(4.06)(2.76)(1.47)(2.59)(2.04)-
Net cash from financing activities(21.86)36.1112.8228.44(1.67)4.33-
Net change in cash(23.38)19.585.64(0.06)(0.58)0.73-
Closing cash2.0027.235.790.150.210.79-
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+73.4%+39.2%+38.9%+40.0%+12.8%-6.0%-
EBITDA growth+110.3%-36.9%-28.2%+477.3%+75.0%+117.9%-
PBT growth+14.3%+8.4%-25.5%+321.3%-42.4%+637.5%+9998.0%
Net income growth+17.8%+4.9%-30.9%+247.1%-44.5%+665.6%-
Revenue CAGR (3Y)+49.7%+39.4%+30.0%+14.1%+17.8%+31.9%-
EBITDA CAGR (3Y)-1.6%+37.7%+93.5%----
Profitability & leverage
Net income margin+9.2%+13.6%+17.3%+36.2%+14.6%+28.6%+3.6%
Return on capital employed-+2.1%+2.7%+4.2%+1.5%+1.9%+1.4%
Return on net worth-+1.9%+2.3%+4.4%+1.4%+2.4%+0.4%
Debt / equity-0.170.360.570.550.320.27
Long-term debt / equity-0.030.020.000.000.000.00
Interest cover5.433.4316.5622.24102.06132.56-42.07
Efficiency & per share
Fixed asset turnover-4.519.136.765.305.168.75
Inventory turnover-1,261.503,626.000.000.000.000.00
Debtors turnover-1.170.760.690.640.821.39
EPS (₹)3.873.954.099.08982.3251.68239.18
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.00220.84209.89211.9066,232.971,976.6263,767.19

To see the full year-wise statements and ratios of Organic Recycling Systems Limited, buy the company report.

Board of directors of Organic Recycling Systems Limited

Organic Recycling Systems has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Amit Vijay KariaDirector04 Oct 20224 Years 0 MonthsCurrent
Rakesh MehraDirector04 Oct 20224 Years 0 MonthsCurrent
Janaki Sarang BhandDirector01 Sep 20224 Years 1 MonthsCurrent
Sarang BhandManaging Director29 Aug 200818 Years 1 MonthsCurrent

Charges & borrowings

Open charges
₹33.84 Cr
Satisfied charges
₹7.55 Cr
Breakdown by lending institutions
Others₹28.84 Cr
State Bank of India₹4.75 Cr
Hdfc Bank Limited₹0.25 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
18 Nov 2025101193244State Bank of India₹4.75 CrOpen
21 Jun 2024100947989Others₹2 LakhOpen
14 Jun 2024100942744Others₹37.99 LakhOpen
15 Feb 2022100543860Hdfc Bank Limited₹25.17 LakhOpen
30 Mar 2016100041584Others₹28.44 CrOpen

To see the full charge records of Organic Recycling Systems Limited, buy the company report.

Total charge records: 8 View all charges

Deals & funding

Organic Recycling Systems Limited has 32 deals on record (14 market trades, 10 secondary share transfers, 6 funding rounds), with disclosed funding of ₹114.91 Cr; the latest was in September 2026.

Total deals
32
Market trades
14
Secondary share transfers
10
Funding rounds
6
IPO
1
Disclosed funding
₹114.91 Cr

Deals on record (5 of 32)

WhenDealAmountParties
Sep 2026Market trade₹1.88 CrSeller: Svasti Commercial LLP
May 2025Market trade₹4.05 CrBuyer: L7 Hitech Private Limited , an individual
Seller: Topgain Finance Private Limited , Epitome Trading And Investments, an individual
Jan 2025Market trade₹3.39 CrSeller: Anant Wealth Consultants Private Limited
Nov 2024Market trade₹5.93 CrBuyer: Anant Wealth Consultants Private Limited , an individual
Seller: Svasti Commercial LLP
Nov 2024Market trade₹1.3 CrBuyer: Vindhyachal Hydro Power Private Limited
Seller: Svasti Commercial LLP

To see the full deal history of Organic Recycling Systems Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Organic Recycling Systems Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 19 overdue payments to 7 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 7)

SupplierAmount dueDue sinceReported on
an individual supplier
VKMG & Associates LLP
Incorp Advisory Services Private Limited
Procure HR Services Private Limited
an individual supplier

To see the full MSME payment records of Organic Recycling Systems Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

Organic Recycling Systems has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AABCO0867H1ZEMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Organic Recycling Systems Limited, buy the company report.

Recent activity

Organic Recycling Systems Limited has 14 board changes on record since 2008: 4 appointments and 10 cessations. The latest: Amit Vijay Karia ceased to be Additional Director on 18 Oct 2022.

Filing
Organic Recycling Systems Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai Ii.
Charges
A charge with Others of Rs. 0.38 Cr registered on 14 Jun 2024 with Charge ID 100942744 was modified on 25 Mar 2026.
Charges
A charge with State Bank Of India amounted to Rs. 4.75 Cr with Charge ID 101193244 was registered on 18 Nov 2025.
AGM
Organic Recycling Systems Limited last Annual general meeting of members was held on 11 Sep 2025 as per latest MCA records.
Charges
A charge registered on 07 Feb 2024 via Charge ID 100875128 with Others was fully satisfied on 09 Aug 2024.
Charges
A charge with Others amounted to Rs. 0.02 Cr with Charge ID 100947989 was registered on 21 Jun 2024.
Charges
A charge with Others amounted to Rs. 0.38 Cr with Charge ID 100942744 was registered on 14 Jun 2024.
Charges
A charge with Others of Rs. 0.50 Cr registered on 07 Feb 2024 with Charge ID 100875128 was modified on 03 May 2024.
Charges
A charge with Others amounted to Rs. 0.50 Cr with Charge ID 100875128 was registered on 07 Feb 2024.
Charges
A charge registered on 12 Jul 2018 via Charge ID 100193646 with Standard Chartered Bank was fully satisfied on 06 Apr 2023.
Ceased
Amit Vijay Karia ceased to be Additional Director.
Ceased
Rakesh Mehra ceased to be Additional Director.

19 earlier events are in the company report.

Frequently asked questions

Organic Recycling Systems is an active public limited company based in Thane, Maharashtra, India. The company works in demolition and construction services, within the construction industry. It was incorporated on 29 August 2008 (18+ years old) and is registered under CIN L40106MH2008PLC186309. Listed on BSE: 543997.

Organic Recycling Systems reported revenue of ₹105.07 Cr for FY 2025-26 (up 140.1% YoY) based on consolidated financials.

Organic Recycling Systems has 4 current directors:

The latest financial statements of Organic Recycling Systems on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 11 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Organic Recycling Systems is 27AABCO0867H1ZE, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.

The CIN (Corporate Identification Number) of Organic Recycling Systems is L40106MH2008PLC186309. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Organic Recycling Systems is a listed company as per MCA records. Its shares are listed on BSE (code: 543997).

Organic Recycling Systems has 22 court cases on record: 15 filed by the company and 7 filed against it. 2 are pending. Most are in the high courts.

Organic Recycling Systems was incorporated on 29 August 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.

Organic Recycling Systems has 32 deals on record (14 market trades, 10 secondary share transfers, 6 funding rounds), with disclosed funding of ₹114.91 Cr; the latest was in September 2026.

Amit Vijay Karia ceased to be Additional Director on 18 Oct 2022. Rakesh Mehra ceased to be Additional Director on 18 Oct 2022. Amit Vijay Karia was appointed as Director on 04 Oct 2022. Organic Recycling Systems has 14 board changes on record in total.