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Orbit Exports Limited manufactures and sells fabrics, ribbons, and made ups. The last earnings update was 185 days ago. More info.
7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
---|---|---|---|---|---|---|
Orbit Exports (ORBTEXP) | -1.7% | -21.2% | -34.3% | -45.1% | -35.5% | 89% |
IN Luxury | 0.3% | -0.2% | -2.3% | -8.7% | 55.9% | 186.4% |
IN Market | 1% | -2.2% | -1.2% | -8.2% | 46.7% | 78.8% |
Is Orbit Exports undervalued based on future cash flows and its price relative to the stock market?
Below are the data sources, inputs and calculation used to determine the intrinsic value for Orbit Exports.
Data Point | Source | Value |
---|---|---|
Valuation Model | 2 Stage Free Cash Flow to Equity | |
Levered Free Cash Flow | Average of 1 Analyst Estimates (S&P Global) | See below |
Discount Rate (Cost of Equity) | See below | 13.5% |
Perpetual Growth Rate | 10-Year IN Government Bond Rate | 7.6% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
Data Point | Calculation/ Source | Result |
---|---|---|
Risk-Free Rate | 10-Year IN Govt Bond Rate | 7.6% |
Equity Risk Premium | S&P Global | 7.5% |
Luxury Unlevered Beta | Simply Wall St/ S&P Global | 0.57 |
Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.573 (1 + (1- 35%) (5.74%)) |
0.595 |
Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 7.45%) |
13.51% |
Discounted Cash Flow Calculation for NSEI:ORBTEXP using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Orbit Exports is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
2019 | 2020 | 2021 | 2022 | 2023 | |
Levered FCF (INR, Millions) | 10.19 | 10.42 | 10.66 | 10.90 | 11.15 |
Source | Est @ 2.26% | Est @ 2.26% | Est @ 2.26% | Est @ 2.26% | Est @ 2.26% |
Present Value Discounted (@ 13.51%) |
8.98 | 8.09 | 7.29 | 6.57 | 5.91 |
Present value of next 5 years cash flows | ₹36.83 |
Calculation | Result | |
---|---|---|
Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= ₹11.15 × (1 + 7.55%) ÷ (13.51% – 7.55%) |
₹201.12 |
Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= ₹201.12 ÷ (1 + 13.51%)5 |
₹106.73 |
Calculation | Result | |
---|---|---|
Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= ₹36.83 + ₹106.73 |
₹143.56 |
Equity Value per Share (INR) |
= Total value / Shares Outstanding
= ₹143.56 / 28.26 |
₹5.15 |
Calculation | Result | |
---|---|---|
Non-primary Listing Adjustment Factor |
1 share in NSEI:ORBTEXP
represents 1.01275x
of
BSE:512626
(This could be a different class, a depositary receipt, a different currency, or all of these things.) |
1.01275x |
Value per Share (Listing Adjusted, INR) |
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 5.08 x 1.01275 |
₹5.15 |
Value per share (INR) | From above. | ₹5.15 |
Current discount | Discount to share price of
₹87.40
= -1 x (₹87.40 - ₹5.15) / ₹5.15 |
-1598.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Data Point | Source | Value |
---|---|---|
Earnings Per Share * | Company Filings (2018-03-31) in INR | ₹9.43 |
BSE:512626 Share Price ** | BSE (2019-02-22) in INR | ₹86.3 |
India Luxury Industry PE Ratio | Median Figure of 236 Publicly-Listed Luxury Companies | 11.69x |
India Market PE Ratio | Median Figure of 2,709 Publicly-Listed Companies | 15.49x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Orbit Exports.
Calculation | Outcome | |
---|---|---|
PE Ratio | = BSE:512626 Share Price ÷ EPS (both in INR) = 86.3 ÷ 9.43 |
9.15x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
PE Ratio | See PE Ratio Section | 9.15x |
Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts |
4.3%per year |
India Luxury Industry PEG Ratio | Median Figure of 27 Publicly-Listed Luxury Companies | 0.99x |
India Market PEG Ratio | Median Figure of 607 Publicly-Listed Companies | 1.15x |
*Line of best fit is calculated by linear regression .
Calculation | Outcome | |
---|---|---|
PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 9.15x ÷ 4.3% |
2.12x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
Book Value per Share | Company Filings (2018-03-31) in INR | ₹50.54 |
BSE:512626 Share Price * | BSE (2019-02-22) in INR | ₹86.3 |
India Luxury Industry PB Ratio | Median Figure of 306 Publicly-Listed Luxury Companies | 0.71x |
India Market PB Ratio | Median Figure of 3,588 Publicly-Listed Companies | 1.05x |
Calculation | Outcome | |
---|---|---|
PB Ratio | = BSE:512626 Share Price ÷ Book Value per Share (both in INR) = 86.3 ÷ 50.54 |
1.71x |
* Primary Listing of Orbit Exports.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
How is Orbit Exports expected to perform in the next 1 to 3 years based on estimates from 1 analyst?
Data Point | Source | Value (per year) |
---|---|---|
NSEI:ORBTEXP Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts | 4.3% |
NSEI:ORBTEXP Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts | 8.2% |
India Luxury Industry Earnings Growth Rate | Market Cap Weighted Average | 18.4% |
India Luxury Industry Revenue Growth Rate | Market Cap Weighted Average | 15% |
India Market Earnings Growth Rate | Market Cap Weighted Average | 18.6% |
India Market Revenue Growth Rate | Market Cap Weighted Average | 11.7% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (10 months ago) | See Below |
Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
---|---|---|---|---|
2020-03-31 | 1,606 | 294 | 1 | |
2019-03-31 | 1,460 | 256 | 1 |
Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * |
---|---|---|---|
2018-03-31 | 1,364 | 379 | 270 |
2017-03-31 | 1,344 | 322 | 214 |
2016-03-31 | 1,481 | 216 | 232 |
*GAAP earnings excluding extraordinary items.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (10 months ago) | See Below |
Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
All data from Orbit Exports Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in INR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
---|---|---|---|---|
2020-03-31 | 11.10 | 11.10 | 11.10 | 1.00 |
2019-03-31 | 9.80 | 9.80 | 9.80 | 1.00 |
Date (Data in INR Millions) | EPS * |
---|---|
2018-03-31 | 9.43 |
2017-03-31 | 7.47 |
2016-03-31 | 8.11 |
*GAAP earnings excluding extraordinary items.
How has Orbit Exports performed over the past 5 years?
All data from Orbit Exports Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in INR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
---|---|---|---|---|
2018-03-31 | 1,364.50 | 270.35 | 241.30 | |
2017-03-31 | 1,343.73 | 214.45 | 195.02 | |
2016-03-31 | 1,481.10 | 232.47 | 175.22 | |
2015-03-31 | 1,582.08 | 278.63 | 131.66 | |
2014-03-31 | 1,331.10 | 203.74 | 167.86 | |
2013-12-31 | 1,314.10 | 199.89 | 151.78 | |
2013-09-30 | 1,282.31 | 186.53 | 143.79 | |
2013-06-30 | 1,251.17 | 155.13 | 139.08 | |
2013-03-31 | 1,209.53 | 144.49 | 135.38 | |
2012-12-31 | 1,180.67 | 124.49 | 116.35 | |
2012-09-30 | 1,142.15 | 109.72 | 113.43 | |
2012-06-30 | 1,074.06 | 100.01 | 111.85 | |
2012-03-31 | 1,021.07 | 90.23 | 108.66 |
*GAAP earnings excluding extraordinary items.
How is Orbit Exports's financial health and their level of debt?
All data from Orbit Exports Company Filings, last reported 10 months ago.
Date (Data in INR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
---|---|---|---|
2018-03-31 | 1,428.15 | 140.04 | 41.94 |
2017-03-31 | 1,259.65 | 173.07 | 59.60 |
2016-03-31 | 1,124.76 | 434.58 | 58.60 |
2015-03-31 | 950.39 | 422.63 | 67.75 |
2014-03-31 | 712.20 | 446.48 | 53.29 |
2013-12-31 | |||
2013-09-30 | |||
2013-06-30 | 483.67 | 272.10 | 74.90 |
2013-03-31 | 483.67 | 272.10 | 74.90 |
2012-12-31 | 422.00 | 221.07 | 9.64 |
2012-09-30 | 422.00 | 221.07 | 9.64 |
2012-06-30 | 349.21 | 304.12 | 3.13 |
2012-03-31 | 349.21 | 304.12 | 3.13 |
What is Orbit Exports's current dividend yield, its reliability and sustainability?
Data Point | Source | Value |
---|---|---|
Past Annualized Dividend Yield | S&P Global Market Data | See Below |
Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
Future Dividends per Share Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
India Luxury Industry Average Dividend Yield | Market Cap Weighted Average of 109 Stocks | 0.7% |
India Market Average Dividend Yield | Market Cap Weighted Average of 1397 Stocks | 1.4% |
India Minimum Threshold Dividend Yield | 10th Percentile | 0.3% |
India Bottom 25% Dividend Yield | 25th Percentile | 0.6% |
India Top 25% Dividend Yield | 75th Percentile | 2% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Date (Data in ₹) | Dividend per Share (annual) | Avg. No. Analysts |
---|---|---|
2020-03-31 | ||
2019-03-31 |
Date (Data in ₹) | Dividend per share (annual) | Avg. Yield (%) |
---|---|---|
2018-08-23 | 0.000 | 0.000 |
2018-05-30 | 0.000 | 0.000 |
2017-08-21 | 1.600 | 1.068 |
2017-05-22 | 1.600 | 1.084 |
2017-01-25 | 1.750 | 1.268 |
2016-05-30 | 1.500 | 1.176 |
2016-02-10 | 2.250 | 1.693 |
2015-06-23 | 2.250 | 1.143 |
2015-05-22 | 2.250 | 1.174 |
2014-11-05 | 1.750 | 0.938 |
2014-06-19 | 1.625 | 1.575 |
2014-05-27 | 1.625 | 2.864 |
2014-02-05 | 1.500 | 2.838 |
2013-05-15 | 1.000 | 2.360 |
2013-02-08 | 1.500 | 4.319 |
2012-05-28 | 0.833 | 2.923 |
2012-02-28 | 1.000 | 3.587 |
2011-11-14 | 0.333 | 1.108 |
2011-05-03 | 0.667 | 2.185 |
2010-10-15 | 1.000 | 4.774 |
2010-01-20 | 0.333 | 2.970 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Mr. Pankaj S. Seth serves as the Managing Director of Orbit Exports Ltd. Mr. Seth has a vast experience of 16 years in trading and export of fabrics. He served as Chairman of Orbit Exports Ltd and has been its Director since September 1, 2004. He holds Masters in Management from Bombay University. He also holds B.Com from Mumbai University and also MBA from N. M Institute of Management Mumbai.
Average tenure and age of the Orbit Exports management team in years:
Average tenure and age of the Orbit Exports board of directors in years:
Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (₹) | Value (₹) | |
---|---|---|---|---|---|---|---|---|---|---|
25. Sep 18 | Buy | Anisha Seth | Individual | 24. Sep 18 | 24. Sep 18 | 10,000 | ₹140.99 | ₹1,409,911 | ||
13. Aug 18 | Buy | Anisha Seth | Individual | 10. Aug 18 | 10. Aug 18 | 20,000 | ₹145.51 | ₹2,910,156 | ||
13. Aug 18 | Buy | Pankaj Seth | Individual | 10. Aug 18 | 10. Aug 18 | 30,000 | ₹145.51 | ₹4,365,229 | ||
28. Jun 18 | Buy | Pankaj Seth | Individual | 26. Jun 18 | 26. Jun 18 | 8,926 | ₹129.18 | ₹1,153,025 | ||
30. Jun 18 | Buy | Parth Seth | Individual | 28. Jun 18 | 28. Jun 18 | 1,038 | ₹122.22 | ₹126,864 | ||
30. Jun 18 | Buy | Anisha Seth | Individual | 27. Jun 18 | 27. Jun 18 | 2,063 | ₹130.26 | ₹268,720 |
This article is for those who would like to learn about Return On Equity (ROE). … That means that for every ₹1 worth of shareholders' equity, it generated ₹0.19 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleSpecifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleSo before you buy or sell Orbit Exports Limited (NSE:ORBTEXP), you may well want to know whether insiders have been buying or selling. … Orbit Exports Insider Transactions Over The Last Year. … In total, Orbit Exports insiders bought more than they sold over the last year
Simply Wall St - – Full articleTo keep it practical, we'll show how Orbit Exports Limited's (NSE:ORBTEXP) P/E ratio could help you assess the value on offer. … Orbit Exports has a price to earnings ratio of 14.21, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleUnderstanding Orbit Exports Limited's (NSE:ORBTEXP) performance as a company requires examining more than earnings from one point in time. … Today I will take you through a basic sense check to gain perspective on how Orbit Exports is doing by evaluating its latest earnings with its longer term trend as well as its industry peers' performance over the same period. … Check out our latest analysis for Orbit Exports.
Simply Wall St - – Full articleA sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … In the past 9 years Orbit Exports Limited (NSE:ORBTEXP) has returned an average of 2.00% per year to investors in the form of dividend payouts. … Let's take a look at Orbit Exports in more detail.
Simply Wall St - – Full articleIn this article, I'm going to take a look at Orbit Exports Limited’s (NSE:ORBTEXP) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders. … Therefore, it is beneficial for us to examine ORBTEXP's ownership structure in more detail.
Simply Wall St - – Full articleIn this article, I will take a look at Orbit Exports Limited's (NSE:ORBTEXP) most recent earnings update (31 March 2018) and compare these latest figures against its performance over the past few years, along with how the rest of ORBTEXP's industry performed. … Did ORBTEXP's recent earnings growth beat the long-term trend and the industry. … ORBTEXP's trailing twelve-month earnings (from 31 March 2018) of ₹270.35m has
Simply Wall St - – Full articleand want to better understand how you can grow your money by investing in Orbit Exports Limited (NSE:ORBTEXP). … Orbit Exports Limited (NSE:ORBTEXP) trades with a trailing P/E of 14.5x, which is lower than the industry average of 16.6x. … While ORBTEXP might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions
Simply Wall St - – Full articleLooking at the company as a whole, as a potential stock investment, I believe ORBTEXP has a lot to offer. … is a company with great financial health as well as a. … For those interested in digger a bit deeper into my commentary,
Simply Wall St - – Full article
Orbit Exports Limited manufactures and sells fabrics, ribbons, and made ups. The company offers faux silk fabrics, fashion Jaquard, and Christmas craft products. It is also involved in the windmill power generation business. The company also exports its products primarily to the Middle East and Europe. Orbit Exports Limited was founded in 1983 and is based in Mumbai, India.
Name: | Orbit Exports Limited |
ORBTEXP | |
Exchange: | NSEI |
Founded: | 1983 |
₹2,438,652,972 | |
28,257,856 | |
Website: | http://www.orbitexports.com |
Address: |
Orbit Exports Limited 122, Mistry Bhavan, 2nd Floor, Mumbai, Maharashtra, 400020, India |
Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
---|---|---|---|---|---|---|---|
BSE | 512626 | Equity Shares | Mumbai Stock Exchange | IN | INR | 15. Jul 2005 | |
NSEI | ORBTEXP | Equity Shares | National Stock Exchange of India | IN | INR | 15. Jul 2005 |
Textiles | |
Consumer Durables |
Area | Date (UTC time) |
---|---|
Company Analysis updated: | 2019/02/23 13:07 |
End of day share price update: | 2019/02/22 00:00 |
Last estimates confirmation: | 2018/12/28 |
Last earnings filing: | 2018/08/22 |
Last earnings reported: | 2018/03/31 |
Last annual earnings reported: | 2018/03/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.