Waste Management Company Trades Below Industry PE; Reports 2x Revenue and PAT Growth in H2FY25
On YTD basis the stock in down by 12 per cent while in last 12 months it is up by 29 per cent.
Organic Recycling Systems Limited (ORSL), a public-listed environmental engineering company founded in 2008, has announced its audited financial results for the fiscal year ended March 31, 2025. Known for its specialization in clean technologies and sustainability-driven innovations, ORSL has demonstrated notable financial and operational performance across FY25, underscoring its strategic growth initiatives and successful technology integration. On YTD basis the stock in down by 12 per cent while in last 12 months it is up by 29 per cent.
For FY25, ORSL reported a 75 per cent year-on-year (YoY) rise in total income, reaching Rs 4,873.22 lakhs as against Rs 2,779.02 lakhs in FY24. A particularly sharp rise was seen in the second half of FY25, with a 105 per cent half-on-half (HoH) increase in total income—from Rs 1,515.55 lakhs in H2FY24 to Rs 3,107.58 lakhs in H2FY25.
Profitability metrics also reflected a strong upward trend. Profit After Tax (PAT) for the fiscal stood at Rs 1,571.86 lakhs, registering a 102 per cent growth over Rs 776.90 lakhs in FY24. PAT for H2FY25 reached Rs 894.69 lakhs, marking a 55 per cent increase over the previous half-year. This translated into a rise in basic Earnings Per Share (EPS) by 70 per cent YoY to Rs 20.39, while diluted EPS improved by 56 per cent to Rs 18.70. The PAT margin rose by 429 basis points to 32.25 per cent in FY25, from 27.96 per cent in the previous year—highlighting improved cost efficiencies and operational performance.
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The company’s continued focus on innovation was evident through its strategic R&D initiatives. Its proprietary catalyst technology, developed to improve biomethane yields in anaerobic digestion (AD) plants, underwent successful trials and received third-party validation from the Sardar Swarn Singh National Institute of Bio-Energy (SSNIBE). Moreover, ORSL commissioned a new plant at its Solapur facility to commercialize a seed culture developed by SSNIBE, aimed at enhancing biogas production from agro-biomass-based feedstock.
To further accelerate its technological edge, ORSL signed Memorandums of Understanding (MoUs) with renowned institutions such as IIT Bombay, IIT Kharagpur, and UK-based BioDucst Ltd. These collaborations are intended to scale up waste valorization technologies, in line with the company’s long-term sustainability goals.
Mr. Sarang Bhand, Managing Director of ORSL, remarked, “FY’25 has been a progressive year for the company. Our total revenue has increased by 105 per cent as compared to last year. The company has achieved a 55 per cent increase in PAT owing to continued growth in its projects, product and service segments. Basic earnings per share has improved by 70 per cent year-on-year. With new strategic partnerships, we are confident of expanding our footprint in waste valorization and other ancillary segments with new offerings.”
ORSL operates across three key business verticals—Projects, Products, and Services—and runs a patented Waste to Energy plant in Solapur, Maharashtra, based on anaerobic bio-methanation technology. As a Small-Cap company in the clean tech space, ORSL continues to invest in research and intellectual property development to drive innovation and scale in sustainable waste management.
Disclaimer: The article is for informational purposes only and not investment advice.