Orbit Exports Ltd

Orbit Exports Ltd

₹ 186 -1.92%
26 Feb - close price
About

Orbit Exports Ltd. is engaged in manufacturing and exporting fancy fabrics, and operates across multiple verticals in the value-added fabric market, from women’s apparel to Christmas crafts and home decor, with special interests in occasion-specific fabrics and finished products. [1]

Key Points

Products & Services
Silky aspects: Jacquard, Dupion, Silky Charmeuse, Taffeta [1]
Fashion Jacquards: Sylvia and Monza Jacquard, Olivia Jacquard, New Sherwani Jacquard, Monochrome Jacquards, Mercury Jacquard, & more. [2]
Christmas crafts: Christmas stockings, tree skirts, table runners, etc. [3]

  • Market Cap 504 Cr.
  • Current Price 186
  • High / Low 230 / 114
  • Stock P/E 14.8
  • Book Value 89.3
  • Dividend Yield 0.00 %
  • ROCE 19.5 %
  • ROE 16.9 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 66.5 to 38.7 days.
  • Company's working capital requirements have reduced from 199 days to 120 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 7.64% over past five years.
  • Company has a low return on equity of 10.0% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Processing

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
20.39 20.52 20.18 28.48 36.45 41.64 51.97 54.77 48.60 41.79 58.35 52.64 44.74
17.04 16.14 16.22 21.20 26.64 32.04 34.83 38.64 36.55 32.97 39.56 36.82 35.75
Operating Profit 3.35 4.38 3.96 7.28 9.81 9.60 17.14 16.13 12.05 8.82 18.79 15.82 8.99
OPM % 16.43% 21.35% 19.62% 25.56% 26.91% 23.05% 32.98% 29.45% 24.79% 21.11% 32.20% 30.05% 20.09%
0.96 -0.12 1.31 1.64 1.87 1.40 2.53 1.50 1.61 1.36 2.32 1.91 2.32
Interest 0.17 0.36 0.26 0.25 0.79 0.65 0.75 0.90 0.96 0.77 0.78 0.76 0.73
Depreciation 2.71 2.70 2.54 2.58 3.33 3.41 3.34 3.41 3.61 3.70 3.65 3.66 3.69
Profit before tax 1.43 1.20 2.47 6.09 7.56 6.94 15.58 13.32 9.09 5.71 16.68 13.31 6.89
Tax % 20.98% -45.00% 15.38% 25.29% 23.68% 22.05% 22.14% 24.25% 22.99% 9.81% 23.44% 22.69% 21.92%
1.13 1.75 2.08 4.55 5.77 5.40 12.14 10.09 7.00 5.15 12.77 10.29 5.39
EPS in Rs 0.41 0.64 0.76 1.66 2.11 1.97 4.43 3.68 2.56 1.91 4.73 3.81 1.99
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
121 133 158 148 134 136 139 146 68 127 197 198
97 101 113 107 97 96 100 104 58 96 141 145
Operating Profit 24 32 45 41 37 40 38 42 11 30 56 52
OPM % 20% 24% 28% 28% 28% 30% 28% 29% 16% 24% 28% 27%
1 2 1 3 5 6 5 6 4 6 5 8
Interest 2 2 2 2 3 2 2 2 1 2 3 3
Depreciation 2 4 5 6 7 7 9 12 11 12 14 15
Profit before tax 21 29 39 36 33 37 33 34 2 23 44 43
Tax % 31% 31% 30% 35% 34% 27% 22% 23% -17% 23% 21%
14 20 28 23 21 27 26 26 2 18 34 34
EPS in Rs 5.43 7.35 9.74 8.10 7.47 9.57 9.11 9.59 0.87 6.50 12.75 12.44
Dividend Payout % 23% 22% 23% 23% 35% 0% 0% 31% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 8%
3 Years: 11%
TTM: 0%
Compounded Profit Growth
10 Years: 9%
5 Years: 5%
3 Years: 9%
TTM: -3%
Stock Price CAGR
10 Years: 15%
5 Years: 16%
3 Years: 43%
1 Year: 31%
Return on Equity
10 Years: 16%
5 Years: 12%
3 Years: 10%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 13 14 14 14 29 28 28 27 27 27 27 27
Reserves 35 57 81 98 97 115 140 147 149 167 191 214
27 45 42 43 17 14 10 18 21 45 32 39
12 20 20 20 25 34 35 35 28 40 37 35
Total Liabilities 88 135 157 176 168 191 214 227 226 279 287 315
33 70 77 85 81 92 103 99 94 151 159 153
CWIP 0 0 1 2 0 2 2 0 31 1 0 0
Investments 8 1 2 2 3 5 7 10 10 13 32 36
46 64 77 87 84 92 102 119 90 114 96 127
Total Assets 88 135 157 176 168 191 214 227 226 279 287 315

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
17 24 22 32 38 34 29 31 16 49
-33 -14 -16 0 -26 -23 -15 -27 -41 -18
19 -9 -7 -30 -13 -6 -18 -5 24 -31
Net Cash Flow 3 1 -1 2 -1 6 -4 -2 -1 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 49 69 67 72 82 74 72 68 93 68 39
Inventory Days 76 130 149 209 222 273 275 279 377 327 247
Days Payable 14 18 13 10 17 27 25 23 30 67 48
Cash Conversion Cycle 111 182 202 271 287 321 322 324 440 329 238
Working Capital Days 90 124 111 147 147 134 146 187 297 180 120
ROCE % 33% 33% 25% 23% 26% 21% 20% 3% 12% 19%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
65.88% 65.88% 65.88% 65.92% 66.12% 66.12% 66.12% 66.12% 66.33% 66.24% 66.24% 66.22%
0.00% 0.00% 0.00% 0.00% 0.18% 0.02% 0.17% 0.03% 0.00% 0.00% 0.00% 0.00%
34.12% 34.12% 34.12% 34.08% 33.69% 33.85% 33.70% 33.85% 33.65% 33.77% 33.75% 33.78%
No. of Shareholders 8,5838,7499,4509,53910,2019,9319,34913,2229,0688,4228,0028,171

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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