Shares of this recently listed stock gained around 9 percent in Tuesday’s trading session after the company launched a new in-house Carbonisation System. In the past month, the company’s stock has zoomed more than 20 percent.
With a market capitalization of Rs 211.73 crores, the stocks of Organic Recycling Systems Limited started their trading session on Tuesday at Rs 256 and currently trades at Rs 275, gaining around 9 percent as compared to the previous closing levels of Rs 253.05 apiece.
Such bullish stock price movements were witnessed after the company, through a regulatory filing with the exchange, intimated about the launch of a new in-house product named “Sanjeevak Carbonisation System” (SCS)that efficiently turns biomass into charcoal.
The technology mentioned above employs a process that is environmentally sustainable as compared to traditional coal or gas-powered machines. It is available in a wide range of capacities suitable for various small-scale businesses in the country, offering a cleaner option for industries to reduce their environmental impact.
SCS has several advantages over traditional carbonization methods including higher efficiency, process control, lower emissions, greater flexibility, etc.
Having a look at the recent consolidated financials of the company, the operating revenues as well as net profits have shown positive movements with the former increasing from Rs 14 crores during FY21-22 to Rs 24 crores during FY22-23, and, the latter, during the same period, transitioned from a loss of Rs 5 crores to a profit of Rs 3 crores.
The latest shareholding pattern of the company represents the Promoters holding a 20.35 percent stake, and the Public (retail) investors holding a 77.96 percent stake in the company.
Incorporated in 2008, Organic Recycling Systems Limited is involved in the business of providing environmental as well as waste management solutions in India. The company engages in the development, construction, and maintenance of waste-to-energy projects in the municipal solid waste, private, and industrial sectors.
Written by Amit Madnani
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