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