Orbis Financial Corpration
- Fastest Grower: Revenue exploded at 37.8% CAGR, the highest in this dataset, driven by the boom in custodial services.
- Highly Profitable: Averages a 33.1% Net Margin, combining high growth with high profitability (the "gold standard" of finance).
- Negative Cash Flow: CFO is -146% of Net Profit. This is typical for high-growth financial custodians who often need to front margin money or settlements.
- Zero Debt: Funded entirely by equity despite the massive growth.
Fundamentals
| ORBIS FINANCIAL CORPORATION Unlisted Shares Price | ₹ 435 Per Equity Share | Market Cap (in cr.) | ₹ 5404 |
| Lot Size | 100 Shares | P/E Ratio | 26.36 |
| 52 Week High | ₹ 565 | P/B Ratio | 5.94 |
| 52 Week Low | ₹ 415 | Debt to Equit | 0 |
| Depository | NSDL & CDSL | ROE (%) | 22.8 |
| PAN Number | AAACF9386P | Book Value | 73.19 |
| ISIN Number | INE155K01013 | Face Value | 10 |
| CIN | U67120HR2005PLC036952 | Total Shares | 124221260 |
| RTA | Skyline Financial Services |
Shareholding Pattern
Orbis Financial Corpration
Incorporated in 2005, Orbis Financial Corporation is a Gurugram-based capital market intermediary providing essential securities and asset services. As a SEBI-registered custodian, it offers a full-stack platform for trade settlement, fund accounting, and clearing across equities, derivatives, and commodities. The firm serves a diverse clientele, including foreign portfolio investors, mutual funds, and high-net-worth individuals.
Unlike traditional lenders, Orbis operates a fee-based model focused on post-trade activities and asset servicing. With a strategic presence in Mumbai’s BKC, it acts as a critical backbone for institutional flows into Indian markets. Its specialized focus on custodial and trusteeship services makes it a stable, India-centric alternative to global securities-servicing giants.
Company Business Model
Orbis Financial Corporation operates a capital market infrastructure services business model, catering primarily to institutional investors, fund managers, and financial intermediaries.
Clearing & Custody Services
Provides clearing, settlement, and custodial services for securities transactions, earning fee-based income.
Fund Accounting & Administration
Offers NAV computation, portfolio accounting, and reporting services to mutual funds and AIFs.
Asset-Light, Fee-Based Model
Generates stable revenues through service fees without taking balance-sheet or market risk.
Institutional-Focused Operations
Serves domestic and global asset managers, emphasizing accuracy, reliability, and regulatory adherence.
Competitors
Orbis Financial operates in the capital market infrastructure & fund services space and competes with the following players:
KFin Technologies
Provides RTA, fund administration, and capital market back-office services to mutual funds and issuers.
Computer Age Management Services
Leading RTA offering fund accounting, transaction processing, and investor services.
NSDL Database Management
Provides data management, record keeping, and compliance services linked to market infrastructure.
Accenture
Competes in outsourced fund accounting, middle-office, and back-office services for large institutions.
SWOT Analysis
Strengths
- Asset-Light, Fee-Based Model : Generates predictable revenues through service fees without taking market or balance-sheet risk.
Strong Institutional Client Base : Serves mutual funds, AIFs, FPIs, and institutional investors, ensuring sticky, long-term relationships.
Regulatory & Compliance Expertise : Deep domain knowledge in SEBI regulations, reporting, and reconciliation creates high entry barriers.
Mission-Critical Services : Clearing, custody, and fund accounting are essential operations, making clients less likely to switch.
Stable Cash Flow Profile : Recurring contracts and annuity-like revenues support earnings visibility.
Weaknesses
- Limited Brand Visibility : Operates largely as a backend provider with low public or retail visibility.
Moderate Growth Pace : Growth tied to overall capital-market expansion rather than rapid disruption.
Talent Dependence : High reliance on skilled professionals for compliance, operations, and accuracy.
Pricing Pressure : Institutional clients negotiate aggressively, limiting margin expansion
Opportunities
- Rising Institutional Participation : Growth in mutual funds, AIFs, PMS, and FPIs expands demand for fund services.
Regulatory Complexity Increase : More stringent compliance norms favor experienced service providers like Orbis.
Technology & Automation Upside : Process automation can improve margins and scalability.
Consolidation in Fund Services : Smaller players exiting the market can lead to client wins and scale benefits.
IPO / Strategic Acquisition Optionality : Infrastructure-style businesses often attract premium valuations when scaled.
Threats
- Competition from Large RTAs : CAMS and KFin Technologies enjoy scale and pricing advantages.
Client Concentration Risk : Loss of a large institutional client could impact revenues.
Operational & Compliance Risk : Errors in settlement, reporting, or compliance can damage reputation.
Technology Disruption Risk : Advanced automation by larger competitors could pressure smaller players.