Orbis Financial Corporation Ltd
Independent custodian and fund administrator for foreign investors and alternative funds.
Market cap
₹4,597 Cr
13.60 Cr shares
P/E ratio
20.61
Sector average 34
Book value
₹73.09
P/B 4.62
1-year return
-4.40%
52w ₹331 – ₹538
Currently 3% of the way through its 52-week range.
Indicative price history
1Y change
-4.23% ₹353 → ₹338
52-week band in this window: ₹338.00 – ₹516.05. Weekly indicative marks, not exchange-traded prices.
Key highlights
- One of the few independent custodians competing with bank-owned incumbents.
- Assets under custody compounding with the growth of FPI, AIF and PMS mandates.
- Recurring, asset-linked fee income with rising operating leverage.
About Orbis Financial
Orbis Financial provides custody, clearing, fund accounting, trusteeship and registrar services to foreign portfolio investors, alternative investment funds and portfolio managers.
Revenue is a mix of asset-based custody fees, transaction-linked clearing income and treasury income on client float balances.
The business scales with assets under custody, which track foreign inflows and the growth of India's alternative investment industry.
Where the revenue comes from
- Custody & clearing fees48%
Asset-based and transaction-linked fees
- Treasury income28%
Income on client float and own funds
- Fund administration16%
Fund accounting and NAV services
- Trusteeship & registrar8%
Trustee and RTA mandates
Products & services
Custody & clearing
Safekeeping, settlement and corporate-action processing for FPIs and AIFs.
Fund accounting
NAV computation and investor reporting for alternative funds.
Trusteeship
Debenture and AIF trusteeship through a group entity.
Registrar services
RTA services for funds and unlisted issuers.
What works
- • One of the few independent custodians competing with bank-owned incumbents.
- • Recurring, asset-linked revenue with high operating leverage as assets under custody grow.
- • Direct exposure to the fast-growing AIF and PMS industry.
What to watch
- • Client concentration among a handful of large foreign investors.
- • Fee pressure from bank-owned custodians with cheaper funding.
- • Operational and regulatory risk is elevated for a custodian handling client assets.
Compare with peers
| Company | Price | Market cap | P/E | P/B | Rev CAGR |
|---|---|---|---|---|---|
| Orbis FinancialThis page | ₹338.00 | ₹4,597 Cr | 20.61 | 4.62 | +28.12% |
| NSE | ₹2,020.00 | ₹5 Lakh Cr | 50.20 | 15.50 | +14.63% |
| Hero FinCorp | ₹980.00 | ₹12,642 Cr | 9.52 | 1.35 | +15.82% |
Latest reported year: FY26 ending 31 Mar 2026.