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 (In Rs. Crores)

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

ORBIS FINANCIAL CORPORATION Limited Profit & Loss Statement (In Rs. Crores)

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

ORBIS FINANCIAL CORPORATION Limited Consolidated Cash Flow Statement (In Rs. Crores)

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.

Orbis Financials Limited Financial Ratios

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 %

Dividend history of Orbis Financial Corporation Limited ((In Rs. Crores))

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

Orbis Financial Annual Reports, Balance Sheet and Financials

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

ORBIS FINANCIAL CORPORATION Limited Balance Sheet (In Rs. Crores)

ORBIS FINANCIAL CORPORATION Limited Profit & Loss Statement (In Rs. Crores)

ORBIS FINANCIAL CORPORATION Limited Consolidated Cash Flow Statement (In Rs. Crores)

Orbis Financials Limited Financial Ratios

Dividend history of Orbis Financial Corporation Limited ((In Rs. Crores))

Orbis Financial Annual Report

Orbis Financial Annual Report 2022-23

Orbis Financial Annual Report 2021-22

Orbis Financial Annual Report 2020-21

Orbis Financial Annual Report 2019-20

Corporate Actions

Orbis Financial Corporation Rights Issue Offer Letter

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