A) Company Snapshot
Orbis Financial was incorporated in 2005 and is headquartered in Gurugram, Haryana. The company is promoted by Atul Gupta, and Orbis Foundation, and operates in the financial services sector with a niche in custody and clearing.
As of 2024, the company manages ₹1,23,440.88 crore in assets under custody, serving a client base of 3,696 custody clients. It has a robust net worth of ₹688.22 crore and reported a profit after tax (PAT) of ₹141.28 crore. The company employs 158 professionals and has a shareholder base of 1,942.
B) Business Model Overview Orbis Financial Services Ltd. (Orbis) is a SEBI-registered financial services provider, specializing in custody, clearing, and settlement services. The company operates across a diversified service suite:
Custody and fund accounting services
Clearing and settlement across various market segments
Registrar and Transfer Agent (RTA) services
Trustee services
Depository Participant services with NSDL and CDSL
Client Base Includes:
Foreign Portfolio Investors (FPIs)
Portfolio Management Services (PMS)
Alternative Investment Funds (AIFs)
Mutual Funds and High Net-worth Individuals (HNIs)
Orbis commenced commercial operations in 2009 and has since become a significant player in India's institutional financial services landscape.
C) Revenue Streams & Financial Performance
| Particulars | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|
| Revenue (₹ Cr) | 66 | 154 | 297 | 424 |
| EBITDA (₹ Cr) | 10 | 60 | 164 | 249 |
| PAT (₹ Cr) | 15 | 49 | 90 | 141 |
| EPS (₹) | 1.71 | 5.2 | 7.92 | 11.59 |
D) Key Balance Sheet & Cash Flow Metrics (FY24)
| Metric | Value (₹ Cr) |
| Total Assets | 4,985 |
| Share Capital | 121.7 |
| Reserves | 566 |
| Total Liabilities | 4,985 |
| Cash Flow from Operations | 23 |
| Net Cash Generated | 117 |
E) History in the Unlisted Market Orbis has seen a phenomenal price trajectory in the unlisted space:
| Period | Price (₹) | Price Movement Description |
| 2021–Mid 2023 | ~115 | Flat trading, minimal movement |
| June 2023 | 115 | Base price before breakout |
| June 2024 | ~325 | Major spike begins, over 180% rise in 1 year |
| January 2025 | ~490 | Continued growth, touching near ₹500 |
| June 2025 | 545 | All-time high, consolidation at peak |
Total Gain: ₹480 or 738.46% from the base
F) Valuation Metrics (as of Jun 2025)
| Metric | Value |
| Price | ₹545/share |
| Implied Market Cap | ₹6634Cr. |
| P/E Ratio | 47.06 |
| Book Value (FY24) | ₹57.32 |
| P/B Ratio | 9.51 |
G) Shareholding Pattern
The majority of Orbis shares are held by public and individual investors (32.08%). Promoters Atul Gupta owns 21.79% and Arpit Khandelwal ( Investor) hold around 18.48% .Orbis Foundation holds stakes of 5 77% of ORBIS Financial Services.Notable investors like Ashish Kacholia and Plutus Wealth also hold significant stakes, reflecting market confidence in the company
H) Key Risks
Market Competition: High due to established players.
Regulatory Risk: Changes in SEBI or financial market policies.
Liquidity Constraints: Unlisted nature limits exit options compared to public companies.
I) UnlistedZone View Orbis demonstrates solid fundamentals with:
Strong revenue and PAT growth.
No debt burden.
A wide suite of services and client diversification.
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