Organic Recycling Systems (BOM:543997) Altman Z-Score: 2.89 (As of Jul. 17, 2026) — 12% Above Median

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BOM:543997 Organic Recycling Systems Ltd BOM:543997
59 GF Score
Price ₹230.65
GF Value ₹656.34
Valuation Possible Value Trap
! 3 Warning Signs
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What is Organic Recycling Systems Altman Z-Score?

Organic Recycling Systems BOM:543997 +0.33% 59 Altman Z-Score is 2.89 as of Jul. 17, 2026, which is 12% above its 10-year median of 2.57. GuruFocus rates BOM:543997 with a GF Score™ of 59/100 and a GF Value™ of ₹656.34 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 236 Waste Management companies, Organic Recycling Systems ranks better than 68.64% on this metric.

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Warning Sign:

Altman Z-score of 2.94 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

Organic Recycling Systems has a Altman Z-Score of 2.89, indicating it is in Grey Zones. This implies that Organic Recycling Systems is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Organic Recycling Systems's Altman Z-Score or its related term are showing as below:

BOM:543997' s Altman Z-Score Range Over the Past 10 Years
Min: 1.65   Med: 2.57   Max: 2.94
Current: 2.94

During the past 7 years, Organic Recycling Systems's highest Altman Z-Score was 2.94. The lowest was 1.65. And the median was 2.57.


Organic Recycling Systems  (BOM:543997) Altman Z-Score Explanation

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Organic Recycling Systems Altman Z-Score Related Terms


Organic Recycling Systems Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Organic Recycling Systems's Altman Z-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Organic Recycling Systems Altman Z-Score Chart

Organic Recycling Systems Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial 0.00 0.00 1.65 2.77 2.57

Organic Recycling Systems Semi-Annual Data
Mar20 Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.65 0.00 2.77 0.00 2.57

BOM:543997 vs WM, RSG, WCN: Altman Z-Score Comparison

For the Waste Management subindustry, Organic Recycling Systems's Altman Z-Score, along with its competitors' market caps and Altman Z-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Organic Recycling Systems Altman Z-Score vs Waste Management Industry

For the Waste Management industry and Industrials sector, Organic Recycling Systems's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Organic Recycling Systems's Altman Z-Score falls into.


BOM:543997
59GF Score
Organic Recycling Systems Ltd BOM:543997
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Organic Recycling Systems Altman Z-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

Organic Recycling Systems's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.2666+1.4*0+3.3*0.1282+0.6*2.7497+1.0*0.4995
=2.89

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was ₹2,103 Mil.
Total Current Assets was ₹983 Mil.
Total Current Liabilities was ₹422 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was ₹265 Mil.
Interest Expense was ₹-5 Mil.
Revenue was ₹1,051 Mil.
Market Cap (Today) was ₹2,399 Mil.
Total Liabilities was ₹872 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(982.903 - 422.079)/2103.481
=0.2666

X2=Retained Earnings/Total Assets
=0/2103.481
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(264.727 - -4.878)/2103.481
=0.1282

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2398.593/872.301
=2.7497

X5=Revenue/Total Assets
=1050.746/2103.481
=0.4995

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Organic Recycling Systems has a Altman Z-Score of 2.89 indicating it is in Grey Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 2.89 mean?
Organic Recycling Systems (BOM:543997) has a Altman Z-Score of 2.89 as of Jul. 17, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Organic Recycling Systems and its competitors. This is 12% above median its historical median of 2.57. Over the past decade, Organic Recycling Systems' Altman Z-Score has ranged from 1.65 to 2.94. According to the industry distribution chart, Organic Recycling Systems ranks #74 out of 236 companies in the Waste Management industry, placing it in the top 31.4%.
Is Organic Recycling Systems' Altman Z-Score too high?
Organic Recycling Systems' current Altman Z-Score of 2.89 is 12% above median its 10-year median of 2.57. Over the past 10 years, this metric has ranged from a low of 1.65 to a high of 2.94. The Waste Management industry median Altman Z-Score is 1.97. Organic Recycling Systems' value of 2.89 is 47.1% above this industry median. Based on the distribution chart, Organic Recycling Systems ranks #74 out of 236 companies in the Waste Management industry, which is above the industry midpoint. Overall, Organic Recycling Systems has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Organic Recycling Systems' Altman Z-Score compare to WM and RSG?
According to the Waste Management industry distribution chart, Organic Recycling Systems ranks #74 out of 236 companies for Altman Z-Score. This puts Organic Recycling Systems in the upper half of its industry. The industry median Altman Z-Score is 1.97. Organic Recycling Systems' value of 2.89 is 47.1% above this benchmark. Historically, Organic Recycling Systems' own Altman Z-Score has ranged from 1.65 to 2.94 over the past decade. While the company's 10-year median is 2.57 vs. the industry median of 1.97, Organic Recycling Systems has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for a Waste Management company?
The median Altman Z-Score among Waste Management companies is 1.97, based on 236 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Organic Recycling Systems's current Altman Z-Score of 2.89 is 47.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Organic Recycling Systems and its competitors. For the Waste Management industry, the median Altman Z-Score is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Organic Recycling Systems's current Altman Z-Score is 2.89, which is 12% above median its own 10-year median of 2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Organic Recycling Systems stock overvalued right now?
Based on GuruFocus' analysis, Organic Recycling Systems (BOM:543997) is currently considered Possible Value Trap. The stock's GF Value™ is ₹656.34, compared to a current price of ₹230.65 — trading 64.9% below its estimated fair value. The current Altman Z-Score is 2.89, which is 12% above median its 10-year median of 2.57 and 47.1% above the Waste Management industry median of 1.97. Organic Recycling Systems' overall GF Score™ is 59/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Organic Recycling Systems (BOM:543997), the current Altman Z-Score is 2.89 as of Jul. 17, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Organic Recycling Systems (BOM:543997) Overvalued in 2026?

Based on GuruFocus' analysis, Organic Recycling Systems stock appears to be undervalued. The current stock price of ₹230.65 is trading 64.9% below its estimated GF Value™ of ₹656.34. GuruFocus considers Organic Recycling Systems to be Possible Value Trap.

Key valuation signals for BOM:543997:

  • Altman Z-Score: 2.89 (12% above median its 10-year median of 2.57)
  • GF Value™: ₹656.34 vs. price of ₹230.65 (64.9% below fair value)
  • GF Score™: 59/100 with 3 warning signs
  • Industry Position: 47.1% above the Waste Management median (#74 of 236)

No single metric tells the full story. See the BOM:543997 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Organic Recycling Systems Business Description

Address Plot No. 9, Sector-17, Office No. 1003, 10th Floor, The Affaires, Sanpada, Navi Mumbai, MH, IND, 400705
Organic Recycling Systems Ltd is an engineering company focused on environmental solutions and provides waste management solutions across waste types and the value chain. The company has been a forerunner in providing sustainable waste management solutions in India. It predominantly focuses on developing robust, cost-effective & environment-friendly technologies that are simple to operate. It has the technology and capability of successfully running one of India's first Waste to Energy (WTE) plants developed on anaerobic bio methanation technology. It has also set up an MSW processing and disposal plant in Solapur, Maharashtra to convert Municipal Solid Waste (MSW) into electricity and compost.
59GF Score

Get the complete analysis for BOM:543997

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹230.65
Price
₹656.34
GF Value