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×

Orbis Financial Annual Reports, Balance Sheet and Financials

Orbis Financial Corporation Limited (Orbis Financial) Return Comparision with Primex 40 Index

Periods 1 Week 1 Month 3 Months 6 Months 1 Year 3 Years All Time
Primex-40
Orbis Financial Corporation Limited

 

Orbis Financial Corporation Limited Balance Sheet (Rs in Lakhs)

Particulars

31-03-2024

31-03-2023

Non-current assets

 

 

Property, plant and equipment

1,282.37

974.29

Right-of-use assets

1,022.20

1,273.06

Investment property

260.78

267.15

Intangible assets

114.25

75.53

Intangible assets under development

9.50

25.39

Investments

5,802.60

7,957.43

Other financial assets

1,757.08

27,306.13

Deferred tax assets (net)

124.11

-

Non-current tax assets (net)

70.04

200.72

Other non current assets

28.47

134.48

Current assets

 

 

Investments

3,643.04

7,938.37

Trade receivables

3,549.38

2,982.69

Cash and cash equivalents

59,976.49

48,357.19

Bank balances other than cash and cash equivalents

3,98,095.07

3,65,986.00

Other financial assets

21,682.79

39,562.82

Current tax assets (net)

374.37

-

Other current assets

678.11

979.39

Total assets

4,98,470.65

5,04,020.64

Equity

 

 

Equity share capital

12,173.02

11,363.30

Other equity

56,649.26

31,537.30

Non-current liabilities

 

 

Lease liabilities

928.35

1,089.95

Provisions

173.99

162.56

Deferred tax liabilities (net)

-

148.88

Current liabilities

 

 

Lease liabilities

142.83

170.27

Trade payables

 

 

Total outstanding dues of micro enterprises and small enterprises

101.94

2.53

Total outstanding dues of creditors other than micro enterprises and small enterprises

6,337.07

8,033.04

Other financial liabilities

4,21,179.23

4,50,483.99

Other current liabilities

507.10

645.29

Provisions

263.25

179.11

Current tax liabilities (net)

14.61

204.42

Total equity and liabilities

4,98,470.65

5,04,020.64

 Orbis Financial Corporation Limited Profit & Loss Statement (Rs in Lakhs)

Particulars

31-03-2024

31-03-2023

Income

 

 

Revenue from operations

42424.2

29667.42

Other income

717.78

310.32

Total Income

43,141.98

29,977.74

Expenses

 

 

Employee benefits expense

7922.91

4015.23

Finance costs

6,483.52

4,232.08

Depreciation and amortization expense

364.68

199.83

Other expenses

9651.70

9341.4

Total Expenses

24422.81

17788.54

Profit before tax

18,719.17

12,189.20

Current tax

4864.33

3189.3

Adjustment of tax relating to earlier periods

-2.17

-295.89

Deferred tax (credit)/charge

-271.14

338.50

Profit for the year

14,128.15

8,957.29

Other comprehensive (loss)

 

 

Items that will not be reclassified subsequently to profit or loss

 

 

Remeasurement of net defined benefit liability

-7.39

-73.55

Income tax effect

1.85

18.52

Other comprehensive (loss) for the year, net of tax

-5.54

-55.03

Total comprehensive income for the year

14,122.61

8,902.26

Earnings per equity share of face value INR 10/- each

 

 

Basic earnings per share

12.16

8.95

Diluted earnings per share

11.32

8.34

 Orbis Financial Corporation Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Particulars

31-03-2024

31-03-2023

Cash flows from operating activities

 

 

Profit before tax

18,719.17

12189.20

Adjustments for:

 

 

Depreciation and amortization expense

364.68

199.83

Share based payments

2418.02

663.99

Finance costs

6483.52

4232.08

Gain on cancellation

-13.07

-

Income from mutual fund investments designated at FVTPL

-575.57

-170.09

Rental income

-10.04

-31.34

Foreign exchange fluctuation gain (net)

-28.16

-20.39

Interest income

-100.42

-49.78

Bad debts

-

12.61

Operating profit before working capital changes

27258.13

17026.11

Changes in working capital

 

 

(Decrease)/Increase in trade payables

-1,596.56

4,922.89

(Increase) in trade receivables

-538.53

-2,091.85

(Decrease)/Increase in other current liabilities

-138.18

236.00

Increase in provisions

88.18

116.45

(Decrease)/Increase in other financial liabilities

-29,304.78

84,374.81

Decrease/(Increase) in other financial assets

11402.68

-119838.42

Decrease/(Increase) in other non current/current assets

407.29

-338.83

Cash generated from/(used in) operations

7,578.23

-15,592.86

Income tax paid

-5,297.53

-2,619.30

Net cash flows generated from/(used in) operating activities

2280.7

-18212.16

Cash flows from Investing activities

 

 

Purchases of property, plant and equipment and intangible assets

-476.26

-100.52

Addition to capital work-in-progress and intangible assets under development

-10.76

-25.79

(Investment) made/Proceeds from sale of Mutual funds (net)

5,104.40

-6,199.91

(Investment) made in Bonds

-

-1097.33

Rental income

10.04

31.34

Proceeds from sale of Government Securities

1329.5

-

Proceeds from sale of bonds

591.83

505.5

(Investment) made in fixed deposits

-70.89

-849.90

Interest received

93.34

73.53

Net cash flows generated from/(used in) investing activities

6571.2

-7663.08

Cash flows from Financing activities

 

 

Proceeds from issuance of equity share capital

10291.24

11504.22

Interest paid

-6363.36

-4192.05

Principal paid on lease liabilities

-250.29

-86.36

Dividend paid

-910.19

-471.7

Net cash flows generated from financing activities

2767.40

6754.10

Net increase/(decrease) in cash and cash equivalents

11,619.30

-19,121.14

Cash and cash equivalents at the beginning of the year

48357.19

67478.33

Cash and cash equivalents at the end of the year

59976.49

48357.19

Cash and cash equivalents comprise:

 

 

Balances with banks

 

 

On current accounts

5,365.66

26,417.82

Fixed deposits with original maturity of less than 3 months

54,610.83

21,939.37

Total cash and bank balances at end of the year

59,976.49

48,357.19

Here is a summary of the Cash Flow Statement for the years 2024 and 2023:

Cash Flows from Operating Activities

The company recorded a profit before tax of ₹18,719.17 lakhs in 2024, up from ₹12,189.20 lakhs in 2023. Key adjustments to this profit included:

Depreciation and amortization of ₹364.68 lakhs, showing regular wear and tear of assets.

Share-based payments of ₹2,418.02 lakhs, reflecting compensation to employees through equity.

Finance costs of ₹6,483.52 lakhs, indicating significant interest expenses.

Income from mutual fund investments of ₹-575.57 lakhs, which reduced the operating cash flow.

After adjustments, the operating profit before working capital changes was ₹27,258.13 lakhs. However, changes in working capital significantly impacted the cash flow:

A decrease in trade payables by ₹-1,596.56 lakhs reduced the cash inflow, indicating payments to suppliers.

A decrease in other financial liabilities of ₹-29,304.78 lakhs significantly affected cash flow, suggesting a major reduction in obligations or settlements of liabilities.

Receivables decreased, contributing ₹1,402.68 lakhs, improving liquidity.

As a result, cash generated from operations was ₹7,578.23 lakhs, but after paying income taxes (₹-5,297.53 lakhs), the net cash flow from operating activities stood at ₹2,280.70 lakhs, which marked an improvement from the negative cash flow of ₹-18,212.16 lakhs in 2023.

Cash Flows from Investing Activities

Investing activities resulted in a net cash inflow of ₹6,571.20 lakhs in 2024, compared to a net outflow of ₹-7,663.08 lakhs in 2023. Major inflows came from:

Proceeds from mutual fund investments (₹5,104.40 lakhs).

Sale of government securities (₹1,329.50 lakhs) and bonds (₹591.83 lakhs).

Rental income of ₹10.04 lakhs also contributed positively.

On the other hand, key outflows included:

Purchases of property, plant, and equipment (₹-476.26 lakhs).

Investments in fixed deposits (₹-70.89 lakhs).

Overall, the company generated a strong net inflow from investing activities in 2024, driven by divestments in securities and investments.

Cash Flows from Financing Activities

Financing activities resulted in a net inflow of ₹2,767.40 lakhs in 2024, compared to ₹6,754.10 lakhs in 2023. Key inflows came from:

Proceeds from the issuance of equity share capital (₹10,291.24 lakhs).

Significant outflows included:

Interest paid (₹-6,363.36 lakhs), indicating the cost of servicing debt.

Dividends paid (₹-910.19 lakhs), reflecting shareholder returns.

Despite higher interest payments, the company generated positive cash flow from financing activities due to equity issuance.

Net Increase/(Decrease) in Cash and Cash Equivalents

The company experienced a net increase in cash and cash equivalents of ₹11,619.30 lakhs in 2024, compared to a significant decrease of ₹-19,121.14 lakhs in 2023. This improvement reflects better cash management, particularly in investing activities.

 

Financial Ratios of Orbis Financial Corporation Limited

Particulars

2024

2023

Current Ratio

1.14

1.01

Debt-Equity Ratio

0.015

0.029

Debt service coverage ratio

3.08

3.07

Return on Equity ratio

25.05%

27.25%

Trade Receivables Turnover Ratio

4.35

4.54

Trade Payable Turnover Ratio

1.33

1.67

Net Capital Turnover Ratio

0.72

5.82

Net Profit ratio

33.06%

29.99%

Return on Capital Employed Ratio

36.50%

38.06%

Return on Investment

2.79%

1.75%

 

Here is a summary of the financial and operational metrics for Orbis Financial Corporation Limited for the year 2024 and 2023:

Current Ratio

The current ratio measures the company’s ability to cover short-term liabilities with short-term assets. The ratio improved slightly from 1.01 in 2023 to 1.14 in 2024, indicating a healthier liquidity position. A ratio above 1 suggests that the company can comfortably meet its short-term obligations, although the increase is modest.

Debt-Equity Ratio

The debt-equity ratio reflects the proportion of debt used in relation to shareholders ' equity. The ratio declined from 0.029 in 2023 to 0.015 in 2024, showing a reduction in the company 's reliance on debt. This indicates lower financial risk, as the company has decreased its leverage and is relying more on equity financing.

Debt Service Coverage Ratio (DSCR)

The DSCR indicates how well the company can cover its debt payments with operating income. The ratio remained almost steady at 3.08 in 2024 compared to 3.07 in 2023, showing that the company is consistently generating sufficient income to cover its debt obligations. A DSCR above 1 is considered strong, as it means the company can comfortably meet its debt servicing requirements.

Return on Equity (ROE) Ratio

ROE measures the company’s profitability in relation to shareholders ' equity. Although the ratio decreased slightly from 27.25% in 2023 to 25.05% in 2024, it remains high, reflecting strong profitability and efficient use of equity to generate returns. The decline indicates that while profitability remains strong, it has slightly decreased compared to the previous year.

Trade Receivables Turnover Ratio

The trade receivables turnover ratio measures how effectively the company collects payments from customers. The ratio decreased from 4.54 in 2023 to 4.35 in 2024, suggesting a slight slowdown in the collection of receivables. While still efficient, this minor decrease could indicate extended payment terms or slower collections from customers.

Trade Payable Turnover Ratio

This ratio shows how quickly the company settles its obligations to suppliers. The ratio fell from 1.67 in 2023 to 1.33 in 2024, suggesting that the company is taking longer to pay its suppliers. While this may improve cash flow in the short term, it could also strain relationships with suppliers if extended payment periods continue.

Net Capital Turnover Ratio

The net capital turnover ratio measures how effectively the company uses its working capital to generate revenue. The ratio dropped significantly from 5.82 in 2023 to 0.72 in 2024, indicating that the company’s revenue generation from working capital has slowed considerably. This could be a sign of inefficiency in managing working capital or lower revenue growth relative to capital.

Net Profit Ratio

The net profit ratio represents the percentage of revenue that translates into profit. The ratio increased from 29.99% in 2023 to 33.06% in 2024, indicating that the company is more profitable, with a higher proportion of revenue resulting in net profit. This reflects stronger cost control and revenue generation, leading to higher margins.

Return on Capital Employed (ROCE) Ratio

ROCE measures how efficiently the company uses its capital to generate profits. The ratio declined slightly from 38.06% in 2023 to 36.50% in 2024, indicating a marginal decrease in the company 's ability to generate returns from its capital. While still a strong figure, the slight drop may indicate higher capital costs or lower operational efficiency.

Return on Investment (ROI)

The ROI measures the profitability of the company 's investments. The ratio increased from 1.75% in 2023 to 2.79% in 2024, showing improved returns from the company’s investments. This suggests that the company has made more profitable investment decisions or seen better performance from its existing investments.

 

 

Orbis Financial Annual Report

Orbis Financial Annual Report 2023-24

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Orbis Financial Annual Report 2022-23

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Orbis Financial Annual Report 2021-22

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Orbis Financial Annual Report 2020-21

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Orbis Financial Annual Report 2019-20

Download

Corporate Actions

Orbis Financial Corporation Rights Issue Offer Letter

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