| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Orbis Financial Corporation Limited |
|
PARTICULAR |
31-Mar-23 |
31-Mar-22 |
31-Mar-21 |
|
ASSETS |
|
|
|
|
Non-current assets |
|
|
|
|
Property, plant and equipment |
9.74 |
9.72 |
8.93 |
|
Right-of-use assets |
12.73 |
1.04 |
1.21 |
|
Investment property |
2.67 |
2.73 |
2.80 |
|
Intangible assets |
0.76 |
0.75 |
0.68 |
|
Intangible assets under development |
0.25 |
0.21 |
0.02 |
|
Financial assets |
|
|
|
|
Investments |
79.57 |
86.95 |
150.22 |
|
Other financial assets |
273.06 |
602.34 |
525.92 |
|
Deferred tax assets (net) |
- |
1.71 |
1.39 |
|
Non-current tax assets (net) |
2.01 |
4.52 |
0.51 |
|
Other non current assets |
1.34 |
0.09 |
0.14 |
|
Total non-current assets |
382.14 |
710.07 |
691.81 |
|
Current assets |
|
|
|
|
Investments |
79.38 |
2.39 |
673.64 |
|
Trade receivables |
29.83 |
8.83 |
12.54 |
|
Cash and cash equivalents |
483.57 |
674.78 |
358.28 |
|
Bank balances other than cash and cash equivalents |
3659.86 |
2503.38 |
525.49 |
|
Other financial assets |
395.63 |
16.70 |
35.25 |
|
Other current assets |
9.79 |
7.66 |
2.26 |
|
Total current assets |
4658.06 |
3213.75 |
1609.64 |
|
Total assets |
5040.21 |
3923.82 |
2301.45 |
|
EQUITY AND LIABILITIES |
|
|
|
|
Equity share capital |
113.63 |
94.31 |
87.62 |
|
Other equity |
315.37 |
128.70 |
67.44 |
|
Total equity |
429.01 |
223.02 |
155.07 |
|
LIABILITIES |
|
|
|
|
Non-current liabilities |
|
|
|
|
Lease Liabilities |
10.90 |
0.79 |
0.97 |
|
Employee benefit obligations |
1.63 |
0.59 |
0.80 |
|
Deferred tax liabilities (net) |
1.49 |
- |
0.00 |
|
Total non-current liabilities |
14.01 |
1.38 |
1.77 |
|
Current liabilities |
|
|
|
|
Lease Liabilities |
1.70 |
0.37 |
0.30 |
|
Trade payables |
|
|
|
|
Total outstanding dues of micro enterprises and small enterprises |
0.03 |
- |
0.08 |
|
Total outstanding dues of creditors other than micro enterprises and small enterprises |
80.33 |
31.12 |
16.35 |
|
Other financial liabilities |
4504.84 |
3661.44 |
2124.51 |
|
Contract liabilities |
1.30 |
0.95 |
1.38 |
|
Other current liabilities |
5.15 |
2.79 |
1.49 |
|
Current tax liabilities (net) |
2.04 |
1.82 |
0.15 |
|
Employee benefit obligations |
1.79 |
0.92 |
0.35 |
|
Total current liabilities |
4597.19 |
3699.41 |
2144.61 |
|
Total liabilities |
4611.20 |
3700.80 |
2146.38 |
|
Total equity and liabilities |
5040.21 |
3923.82 |
2301.45 |
|
PARTICULAR |
31-Mar-23 |
31-Mar-22 |
31-Mar-21 |
|
Income |
|
|
|
|
Revenue from operations |
296.67 |
154.18 |
66.55 |
|
Other income |
3.1032 |
36.85 |
19.97 |
|
TOTAL INCOME |
299.78 |
191.03 |
86.53 |
|
Expenses |
|
|
|
|
Employee benefits expense |
40.15 |
22.25 |
20.25 |
|
Finance costs |
42.32 |
30.29 |
9.8991 |
|
Depreciation and amortization expense |
1.9983 |
1.319 |
1.1469 |
|
Other expenses |
93.41 |
71.95 |
35.74 |
|
TOTAL EXPENSES |
177.89 |
125.81 |
67.03 |
|
Profit before tax |
121.89 |
65.21 |
19.49 |
|
Tax expense |
|
|
|
|
Current year tax |
31.89 |
19.42 |
5.2405 |
|
Previous year tax |
-2.9589 |
-0.3879 |
- |
|
Deferred tax |
3.385 |
-1.6573 |
-1.6721 |
|
Total TAX EXPENSE |
32.32 |
17.38 |
3.5684 |
|
Profit for the year |
89.57 |
47.84 |
15.92 |
|
Other comprehensive income |
|
|
|
|
Items that will not be reclassified subsequently to profit or loss |
|
|
|
|
Remeasurement of net defined benefit liability |
-0.7355 |
-0.011 |
0.0013 |
|
Income tax effect |
0.1852 |
0.0028 |
-0.0004 |
|
Other comprehensive income for the year, net of tax |
-0.5503 |
-0.0082 |
0.0009 |
|
Total comprehensive income for the year |
89.02 |
47.83 |
15.93 |
|
Earnings per share |
|
|
|
|
Basic earnings per share (INR) |
8.94 |
5.41 |
1.99 |
|
Diluted earnings per share (INR) |
8.34 |
5.03 |
1.82 |
|
PARTICULAR |
31-Mar-23 |
31-Mar-22 |
31-Mar-21 |
|
Cash flow from operating activities |
|
|
|
|
Profit before tax |
121.89 |
65.21 |
19.49 |
|
Adjustments for: |
|
|
|
|
Depreciation and amortization expense |
2.00 |
1.32 |
1.15 |
|
Share based payments |
6.64 |
- |
- |
|
Finance costs |
42.32 |
30.29 |
9.90 |
|
Income from mutual fund investments designated at FVTPL |
-1.70 |
-35.88 |
-19.31 |
|
Foreign exchange fluctuation gain (net) |
-0.20 |
-0.10 |
- |
|
Interest income |
-0.50 |
-0.65 |
-0.26 |
|
Bad debts |
0.13 |
- |
- |
|
Profit on sale of fixed assets |
- |
-0.01 |
- |
|
Operating profit before working capital changes |
170.57 |
60.18 |
10.97 |
|
Changes in working capital |
|
|
|
|
Increase in trade payables |
49.23 |
14.70 |
14.13 |
|
(Increase)/Decrease in trade receivables |
-20.92 |
3.71 |
-3.05 |
|
Increase in other current liabilities |
2.36 |
2.00 |
0.52 |
|
Increase in provisions |
1.16 |
0.35 |
0.27 |
|
Increase in other financial liabilities |
843.75 |
1,535.73 |
1,718.84 |
|
(Increase) in other financial assets |
-1,198.38 |
-2,034.77 |
-526.77 |
|
(Increase) in other non current/current assets |
-3.39 |
-9.89 |
-0.47 |
|
Cash (used) in operations |
-155.62 |
-428.00 |
1,214.45 |
|
Income tax paid |
-26.19 |
-12.93 |
7.39 |
|
Net cash flows (used) in operating activities (A) |
-181.81 |
-440.93 |
1,207.06 |
|
Cash flows from Investing activities |
|
|
|
|
Purchases of property, plant and equipment and intangible assets |
-1.01 |
-1.76 |
-0.78 |
|
Addition to capital work-in-progress and intangible assets under development |
-0.26 |
-0.19 |
0.01 |
|
Investment made (net)/ Proceed from sale of Investments (Government Securities and Bonds) |
-62.00 |
707.13 |
-586.69 |
|
(Investment) made in Bonds |
-10.97 |
-11.00 |
- |
|
Proceeds from sale of Government Securities |
- |
16.01 |
- |
|
Proceeds from sale of bonds |
5.06 |
58.26 |
- |
|
(Investment) made in fixed deposits |
-8.50 |
-1.00 |
- |
|
Interest received |
0.74 |
0.65 |
0.26 |
|
Proceeds from sale of property, plant and equipment and intangible assets |
- |
0.03 |
- |
|
Net cash flows (used) in/generated from investing activities (B) |
-76.94 |
768.14 |
-988.31 |
|
Cash flows from Financing activities |
|
|
|
|
Proceeds from issuance of equity share capital |
115.04 |
23.63 |
22.12 |
|
Interest paid |
-41.92 |
-30.40 |
-9.90 |
|
Principal paid on lease liabilities |
-0.86 |
-0.43 |
-0.27 |
|
Dividend paid |
-4.72 |
-3.51 |
- |
|
Net cash flows generated from/(used) in financing activities (C) |
67.54 |
-10.72 |
49.52 |
|
Net (decrease)/increase in cash and cash equivalents (A+B+C) |
-191.21 |
316.50 |
268.27 |
|
Cash and cash equivalents at the beginning of the year |
674.78 |
358.28 |
90.01 |
|
Cash and cash equivalents at the end of the year |
483.57 |
674.78 |
358.28 |
|
Cash and cash equivalents comprise Balances with banks |
|
|
|
|
On current accounts |
264.18 |
311.99 |
266.15 |
|
Fixed deposits with original maturity of less than 3 months |
219.39 |
362.79 |
92.14 |
|
Total cash and bank balances at end of the year |
483.57 |
674.78 |
358.28 |
Let 's break down the Cash Flow Statement for the years 2023, 2022, and 2021, activity-wise:
Operating Activities:
In 2023, the company experienced a significant decrease in net cash flows from operating activities compared to the previous two years. The negative cash flow of -INR 181.81 million was primarily due to substantial increases in trade payables, other financial liabilities, and a significant decrease in other financial assets. This indicates challenges in managing working capital and fluctuations in financial positions. The operating profit before working capital changes was highest in 2023, reflecting operational growth.
Investing Activities:
The cash flow from investing activities in 2023 amounted to -INR 76.94 million. This was a decrease from the positive cash flow of INR 768.14 million in 2022. The negative figure suggests substantial investments made in fixed deposits, a decrease in net investments, and proceeds from the sale of government securities and bonds. The company seems to have adjusted its investment strategy, possibly reducing exposure to government securities.
Financing Activities:
Financing activities in 2023 generated a net positive cash flow of INR 67.54 million. This was an improvement compared to the negative cash flow of -INR 10.72 million in 2022. The positive cash flow primarily resulted from the proceeds from the issuance of equity share capital. The company also paid interest and lease liabilities during the year. This suggests a positive financial stance with an infusion of equity capital.
Overall:
The net decrease in cash and cash equivalents for 2023 was -INR 191.21 million. This was a notable drop compared to the positive cash flows in 2022 (INR 316.50 million) and 2021 (INR 268.27 million). The cash and cash equivalents at the end of 2023 were INR 483.57 million. The composition of cash and bank balances reveals a decrease in fixed deposits but an increase in current account balances. This shift may reflect a tactical move to increase liquidity or address short-term financial needs.
In summary, the cash flow statement indicates a challenging year in 2023, marked by a decrease in overall cash flows and changes in investment strategies. The positive financing activities, particularly the issuance of equity share capital, might contribute to future growth and operational stability.
|
Financial Ratios |
|
|
PARTICULAR |
2023 |
|
Current Ratio |
1.01 |
|
EBITDA |
173.95 % |
|
Networth |
92.44 % |
|
Return on Equity |
0.2071 |
|
Total Assets |
28.42 % |
|
Fixed Assets |
83.12 % |
|
Current Assets |
45.12 % |
|
Current Liabilities |
24.28 % |
|
Trade Receivables |
246.02 % |
|
Trade Payables |
158.42 % |
The financial ratios of Capgemini provide insight into the company 's financial performance and position For March 31, 2023
Net worth of the company has increased by 92.44 %
EBITDA of the company has increased by 173.95 %
Total assets of the company have increased by 28.42 %
Liabilities of the company has increased by 24.28 %
|
Particulars |
2023 |
2022 |
2021 |
|
Dividend Per Share |
Rs. 0.8 |
Rs. 0.50 |
Rs. 0.50 |
|
Retained Earnings (In Rs. Crore) |
152.35 |
68.87 |
26 |
