| Market Capitalization | ₹340.06 CrMicro Cap |
|---|---|
| P/E Ratio | 13.56Sector 21.44 |
| Annual Revenue | ₹105.07 Cr116.86% YoY Growth |
| 1-Year Price Change | 29.76%Price Performance |
Key highlights
- Proposal for migration from the BSE SME Platform to the Main Board of BSE Limited
- Plan for direct listing on the Main Board of the National Stock Exchange of India (NSE)
- Introduction of an Employee Stock Option Scheme for the company and its subsidiaries
- Annual revenue growth of 116.86% recorded for the 2026 fiscal year
- Current P/E ratio of 13.56 compared to the industry average of 21.74
Strategic Shift to Main Board Listing
Organic Recycling Systems Limited, operating in the waste management and utilities sector, is preparing for a transition to broader capital markets. On November 03, 2026, the company notified exchanges of a board meeting scheduled for November 06, 2026. The primary objective is to consider the migration of equity shares from the BSE SME platform to the Main Board of BSE, alongside a direct listing on the Main Board of the National Stock Exchange (NSE).
This move aims to enhance stock liquidity and visibility among a wider range of institutional and retail investors, following a year where net profit grew by 59.56% to reach ₹25.08 crore.
Board Meeting Agenda Items
- Approval of migration proposal from BSE SME to the Main Boards of BSE and NSE
- Introduction and implementation of a new Employee Stock Option Scheme (ESOP)
- Extension of ESOP benefits to employees of wholly owned subsidiary companies
- Approval of the draft notice for a Postal Ballot to seek shareholder consent
- Discussion of other corporate matters with the permission of the Chairperson
Operational Momentum and Market Context
The proposed migration coincides with significant operational wins for the company’s subsidiary, Solapur Bioenergy Systems. In October 2026, the subsidiary secured its fifth large-scale EPCOM contract from BPCL for a Bhilai CBG plant, following earlier contracts in Karnataka and Kozhikode valued at ₹86.58 crore and ₹92.41 crore respectively. Furthermore, on October 22, 2026, the company signed a non-binding MoU with Mahanagar Gas Limited to explore value chain opportunities in the Compressed Bio-Gas sector.
As of September 30, 2026, the company's bidding pipeline was estimated between ₹200 crore and ₹300 crore, supporting management guidance of 30% revenue growth for the coming fiscal year.
| Date | Announcement | Amount |
|---|---|---|
| 22 Oct 2026 | Signed non-binding MoU with Mahanagar Gas Limited to explore CBG value chain opportunitiesSource: crisp.scoutquest.in | – |
| 16 Oct 2026 | Wholly owned subsidiary Solapur Bioenergy Systems secured 5th large-scale EPCOM contract from BPCL for Bhilai CBG plantSource: BSE filing | – |
| 12 Oct 2026 | Wholly owned subsidiary Solapur Bioenergy Systems secured EPCOM contract from BPCL for CBG plant in KarnatakaSource: tradebrains.in | ₹86.58 Cr |
| 09 Sep 2026 | Wholly owned subsidiary Solapur Bioenergy Systems secured EPCOM contract from BPCL for Kozhikode CBG plantSource: BSE filing | ₹92.41 Cr |
What to watch next
- Board decision on migration and ESOP scheme on November 06, 2026
- Outcome of the shareholder Postal Ballot for migration approval
- Commissioning of BPCL CBG plants in Mysuru, Raipur, and Kozhikode by December 2027
- Official listing date on the NSE Main Board following regulatory clearances
| Share price | ₹218 |
|---|---|
| Market capitalisation | ₹340.06 Cr |
| Revenue (annual) | ₹105.07 Cr |
| Net profit (annual) | ₹25.08 Cr |
| P/E (TTM) | 13.56×Sector 21.44× |
| Promoter holding | 15.07% |
| FII holding | 0%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Organic Recycling Systems Ltd regarding the prior intimation of a board meeting for SME-to-Main-Board migration. Market figures from a third-party data provider.
