Orbit Corporation (Delisted) share price
BSE: 532837
ORBIT CORPORATION LIMITED · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Apr 2007
Last traded ₹1.80 on 5 Feb 2018
Delisted on 4 Jul 2018.
Last announcements
The company's own last announcements before its shares stopped trading, routine notices left out.
Jul 2018
May 2018
Sep 2017
16 Sep · Board meeting
15 Sep · Board meeting
Jun 2017
May 2017
Results for the quarter to Dec 2016
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
- Net profitNet profit. What is left of revenue and other income after every cost, interest and tax. Net profit in the glossary
- −₹5.59 Cr
- Earnings per shareEarnings per share. Profit belonging to shareholders divided by the number of shares, restated for later splits and bonuses so they do not break the line. Earnings per share in the glossary
- −₹0.49
From revenue to net profit, ₹ crore
- Depreciation−0.5
- Other income+0.4
- Finance costs−1.5
- Profit before tax−5.6
- Net profit−5.6
Orbit Corporation results by quarter
Standalone: the listed company alone, without its subsidiaries. Latest quarter to Dec 2016. Results for the quarter to Mar 2017 were due by 30 May 2017, 60 days after it ends. Every company's dates are on the results calendar.
Revenue and net profit by quarter, ₹ crore
- Revenue
- Net profit
- Loss
Peak revenue ₹34 Cr, quarter to Dec 2014; lowest −₹96 Cr, quarter to Jun 2016A loss in 10 of the 10 quarters with results on record
Operating and net margin by quarter, per cent
- Operating margin
- Net margin
| ₹ crore | Mar 2012 | Jun 2012 | Sep 2012 | Dec 2012 | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 98 | 62 | 87 | 42 | 20 | 18 | 30 | 5 | −24 | 31 | 24 | 34 | 27 | 4 | – | – | – | −96 | – | – |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. Operating expenses in the glossary | 63 | 36 | 43 | 8 | 5 | 11 | 23 | 6 | 43 | 13 | 5 | 15 | 5 | 12 | – | – | – | 72 | – | – |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. Employee costs in the glossary | – | – | – | – | – | – | – | – | – | – | – | – | 3 | – | – | – | – | – | – | – |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. Other expenses in the glossary | – | – | – | – | – | – | – | – | – | – | – | – | 2 | – | – | – | – | – | – | – |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. Operating profit before depreciation (EBITDA) in the glossary | 35 | 26 | 44 | 33 | 15 | 7 | 7 | −1 | −67 | 18 | 19 | 18 | 22 | −7 | – | – | – | −167 | – | – |
| Operating margin | 35.9% | 41.9% | 50.7% | 79.7% | 76.4% | 36.9% | 24.3% | −20.4% | 280.2% | 57.7% | 80.0% | 54.7% | 80.5% | −165.7% | – | – | – | 175.1% | – | – |
| Depreciation and amortisationDepreciation and amortisation. The part of the cost of plant, buildings and other long-lived assets charged against each year they are used. Depreciation and amortisation in the glossary | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | – | 1 | – | 0 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. Other income in the glossary | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 0 | 1 | 0 | 0 | 1 | – | 3 | – | 0 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. Finance costs in the glossary | 33 | 33 | 35 | 36 | 34 | 34 | 41 | 34 | 55 | 43 | 39 | 33 | 44 | 43 | 38 | 43 | – | 7 | – | 2 |
| Profit before one-off items and taxProfit before one-off items and tax. Profit before tax as it would be without the one-off items below it, as the company states it. Profit before one-off items and tax in the glossary | 1 | −8 | 9 | −3 | −18 | −27 | −33 | −35 | −122 | −24 | −20 | −15 | −22 | −50 | −98 | −94 | – | −172 | – | −6 |
| One-off itemsExceptional items. Gains or losses the company reports separately because they are not expected to recur, such as selling a business or writing down an asset. Exceptional items in the glossary | – | – | – | – | – | – | – | – | – | −24 | – | – | – | – | – | – | – | – | – | – |
| Profit before tax | 1 | −8 | 9 | −3 | −18 | −27 | −33 | −35 | −122 | −48 | −20 | −15 | −22 | −50 | −98 | −94 | – | −172 | – | −6 |
| 10 | −2 | 3 | −11 | −5 | −9 | −9 | −11 | −39 | −16 | −6 | −5 | 23 | – | – | – | – | – | – | – | |
| Tax rateEffective tax rate. Tax charged as a percentage of profit before tax. Effective tax rate in the glossary | 761.7% | – | 30.7% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Net profit | −9 | −5 | 6 | 8 | −13 | −18 | −24 | −24 | −82 | −33 | −14 | −11 | −45 | −50 | −98 | −94 | – | −172 | – | −6 |
| Net margin | −8.7% | −8.6% | 7.1% | 20.2% | −67.1% | −101.2% | −79.9% | −511.5% | 343.7% | −104.4% | −59.0% | −31.4% | −166.7% | −1,147.9% | – | – | – | 179.8% | – | – |
| Earnings per share | −₹0.75 | −₹0.46 | ₹0.54 | ₹0.74 | −₹1.18 | −₹1.62 | −₹2.11 | −₹2.12 | – | −₹2.88 | – | – | – | – | – | – | – | – | – | −₹0.49 |
Earnings per share in rupees, restated for later splits and bonuses. No results on record for the quarters to Mar 2016 and Sep 2016.
8 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
A loss in 3 of the 8 years shown
Operating and net margin, per cent
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. Operating margin in the glossary
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
The years either side of a change of basis do not compare. From the year to Mar 2009, the company's revenue for that year, ₹284 Cr, differs from its quarters added, ₹109 Cr.
Results for the year to Mar 2015
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue116
- Operating expenses−39
- Operating profit77
- Depreciation−2.9
- Other income+2.9
- One-off items−24
- Finance costs−159
- Profit before tax−106
- Tax+3.2
- Net profit−102
Profit and loss
Standalone, ₹ crore, years to March.
| ₹ crore | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 417 | 284 | 487 | 357 | 308 | 210 | 29 | 116 |
| Operating expenses | – | 193 | 332 | 187 | 183 | 92 | 83 | 39 |
| Operating profit before depreciation | – | 90 | 155 | 170 | 126 | 118 | −54 | 77 |
| Operating margin | – | 31.9% | 31.8% | 47.5% | 40.8% | 56.3% | −186.0% | 66.7% |
| Depreciation and amortisation | – | 3 | 4 | 5 | 5 | 4 | 4 | 3 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. Operating profit after depreciation (EBIT) in the glossary | – | 87 | 151 | 165 | 121 | 114 | −58 | 74 |
| Other income | 5 | 3 | 6 | 4 | 4 | 4 | 5 | 3 |
| Finance costs | – | 34 | 54 | 61 | 109 | 138 | 164 | 159 |
| Profit before one-off items and tax | – | 56 | 103 | 108 | 15 | −20 | −217 | −82 |
| One-off items | – | – | – | – | – | – | – | −24 |
| Profit before tax | 188 | 56 | 103 | 108 | 15 | −20 | −217 | −106 |
| Tax | 21 | 19 | 7 | 32 | 13 | −16 | −68 | −3 |
| Net profit | 167 | 38 | 96 | 75 | 2 | −4 | −149 | −102 |
| Net margin | 40.0% | 13.3% | 19.7% | 21.2% | 0.6% | −2.0% | −512.4% | −88.4% |
Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2008: the statement does not state its finance costs or depreciation, which operating profit is worked out from, so operating profit is not given.
Ratios
Standalone, years to March.
| Ratio | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
|---|---|---|---|---|---|---|---|
| Revenue growthRevenue growth. This year's revenue less last year's, divided by last year's, times 100; blank where last year's is not above nought. Revenue growth in the glossary | – | 71.8% | −26.8% | −13.5% | −31.8% | −86.2% | 298.6% |
| Operating profit growthOperating profit growth. This year's operating profit before depreciation less last year's, divided by last year's, times 100; blank where last year's is not above nought. Operating profit growth in the glossary | – | 71.2% | 9.5% | −25.8% | −5.9% | – | – |
| Net profit growthNet profit growth. This year's net profit less last year's, divided by last year's, times 100; blank where last year's is not above nought. Net profit growth in the glossary | – | 154.8% | −21.3% | −97.5% | – | – | – |
| Earnings per share growthEarnings per share growth. This year's earnings per share less last year's, on the same share count, divided by last year's, times 100; blank where last year's is not above nought. Earnings per share growth in the glossary | – | – | – | −97.5% | – | – | – |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. Interest cover in the glossary | 2.6 | 2.8 | 2.7 | 1.1 | 0.8 | – | 0.5 |
Revenue growth and net profit growth are left blank for the year to Mar 2009: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. Interest cover is left blank for the year to Mar 2014: operating profit after depreciation is a loss, and a loss covers no interest bill.
Growth and returns over 3, 5 and 10 years
Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2015.
| Measure | 5 years | 3 years |
|---|---|---|
| Revenue growth, yearly rateRevenue growth, yearly rate. 3 years: Revenue in the latest year ÷ revenue in the year three years before, to the power of one third, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 5 years: Revenue in the latest year ÷ revenue in the year five years before, to the power of one fifth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 10 years: Revenue in the latest year ÷ revenue in the year ten years before, to the power of one tenth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. | −25.0% | −27.9% |
| Operating margin, averageOperating margin, average. 3 years: The plain average of the yearly operating profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly operating profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly operating profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 5.1% | −21.0% |
| Net margin, averageNet margin, average. 3 years: The plain average of the yearly net profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly net profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly net profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | −116.2% | −201.0% |
| Interest cover, averageInterest cover, average. 3 years: The plain average of the yearly interest cover over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly interest cover over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly interest cover over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 1.3 | 0.6 |
Accounting checks
Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
|---|---|---|---|---|---|---|---|
| Effective tax ratePublished threshold 17.16 per cent | 33.30 | 7.04 | 30.09 | 87.13 | – | – | – |
A threshold marked as ours has no published figure; it is the line we read the check against.
Where the return came from
Yearly rates to Mar 2015, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −31.7% | – | – | 0.0% |
| 3 years | −39.1% | – | – | 0.0% |
Longer windows are left empty: a corporate action or price step on 2010-06-29 that cannot be sized sits inside this window. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.
Orbit Corporation share price by year
Each calendar year to 2018.
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2018 | 1.80 | +20.0% | 1.80 | 1.55 |
| 2017BSE close | 1.50 | −63.9% | 6.15 | 1.31 |
| 2016 | 4.15 | −44.3% | 9.15 | 4.10 |
| 2015 | 7.45 | −40.9% | 16.65 | 5.70 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2018 close is its last trade, on 5 Feb 2018.
Recent sessions
The 10 trading days to 5 Feb 2018, as traded on BSE.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 5 Feb 2018 | 1.80 | 1.80 | 1.80 | 1.80 | 1.80 | 11,222 |
| 29 Jan 2018 | 1.75 | 1.75 | 1.75 | 1.75 | 1.75 | 4,550 |
| 22 Jan 2018 | 1.60 | 1.70 | 1.60 | 1.70 | 1.68 | 19,163 |
| 15 Jan 2018 | 1.60 | 1.65 | 1.60 | 1.65 | 1.64 | 4,627 |
| 8 Jan 2018 | 1.55 | 1.60 | 1.55 | 1.60 | 1.60 | 16,818 |
| 1 Jan 2018 | 1.50 | 1.55 | 1.50 | 1.55 | 1.55 | 30,291 |
| 26 Dec 2017 | 1.45 | 1.50 | 1.40 | 1.50 | 1.47 | 25,159 |
| 18 Dec 2017 | 1.50 | 1.50 | 1.45 | 1.45 | 1.45 | 35,357 |
| 11 Dec 2017 | 1.50 | 1.55 | 1.50 | 1.50 | 1.55 | 5,750 |
| 4 Dec 2017 | 1.55 | 1.55 | 1.50 | 1.50 | 1.52 | 19,150 |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 9 Oct 2017 | Price move | – | Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for. |
| 29 Jun 2010 | Price move | – | Between two trading sessions the price fell 47% or more, or rose 90% or more. No corporate action is on record. Earlier prices are not shown. |
| 19 May 2009 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
| 6 Feb 2009 | Price move | – | Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for. |
| 3 Nov 2008 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
| 24 Oct 2008 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
Where an event has no factor that can be worked out, the chart leaves out the closes before it. Any other event is noted and not adjusted for.
Company details
- BSE code
- 532837
- ISIN
- INE628H01015
- Former symbols
- ORBITCORP
- Website
- www.orbitcorp.com
- CIN
- L72900MH2000PLC124729
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2000
- Registered office
- 64, Orbit Terraces, 3rd Floor, N. M. Joshi Marg, Lower Parel, Mumbai 400013, Maharashtra
- Share registrar
- Link Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments