Shares of Organic Recycling Systems Ltd. (ORS) rose nearly 9% on Monday after the company said its board would consider a proposal for the issuance of bonus shares.
The stock touched an intraday high of ₹234, compared with the previous close of ₹215. The company had a market capitalisation of around ₹234 crore.
Board meeting scheduled for July 6
Organic Recycling informed stock exchanges that its Board of Directors will meet on July 6, 2026, to consider a proposal for a bonus issue.
The proposal will be examined in accordance with:
- The Companies Act, 2013
- Applicable rules and regulations
- SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
The company said details of the decision would be disclosed after the board’s deliberations.
Stock trades below industry valuation
At current levels, the stock was trading at a price-to-earnings ratio of 9.30, compared with the industry average of 26.2.
Waste management and cleantech business
Founded in 2008, Organic Recycling Systems operates in the clean technology and waste valorisation space.
The company develops solutions across:
- Energy
- Chemicals
- Carbon markets
It operates through an integrated circular carbon platform and serves clients including:
- Indian Oil Corporation (IOCL)
- Bharat Petroleum Corporation (BPCL)
- Various municipal corporations
Focus on technology and innovation
The company has more than 16 years of experience in developing sustainable solutions.
Its in-house research and development centre, ORS-RIC, has:
- Secured two patents
- Developed more than five proprietary technologies
- Built a pipeline of over seven innovations
Organic Recycling employs more than 200 people and is expanding into:
- Green chemicals
- Carbon capture and utilisation (CCU)
- Bio-based solutions
The company is also pursuing R&D monetisation and global collaborations.
Revenue and profit rise on annual basis
On a year-on-year basis:
- Revenue from operations increased from ₹31 crore to ₹74 crore, up 138%.
- Operating profit rose from ₹12 crore to ₹16 crore, an increase of 33%.
- Net profit grew from ₹9 crore to ₹13 crore, up 44%.
Half-year performance
Compared with the corresponding period earlier:
- Revenue rose from ₹30 crore to ₹74 crore, up 146%.
- Operating profit increased from ₹14 crore to ₹16 crore, up 14%.
- Net profit advanced from ₹12 crore to ₹13 crore, a rise of 8%.
Investors will now watch the outcome of the July 6 board meeting for further details on the proposed bonus issue.
TL;DR:
Organic Recycling Systems shares climbed nearly 9% after the company announced that its board will meet on July 6 to consider a bonus share issue. The company also reported higher revenue and profit on both annual and half-year bases.
AI Summary:
- Organic Recycling Systems rose 9% intraday.
- Board meeting on July 6 will consider a bonus issue.
- The stock trades at a P/E of 9.3 versus the industry average of 26.2.
- Revenue increased 138% year-on-year to ₹74 crore.
- Net profit rose 44% to ₹13 crore.
