Onix Solar Energy Ltd

Onix Solar Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Onix Solar Energy Ltd

₹ 281 0.16%
26 Nov - close price
abcgas.co.in BSE: 513119
About

Incorporated in 1980, Onix Solar Energy Ltd is in the business of renewable energy solutions.[1]

Key Points

Business Overview:[1]
OSEL was in the business of manufacturing
of Gas Products and trading in related products.
However, due to its nonperformance in current business line; it has switched its main business from Gas Industry to Solar Energy Industry on May 14th 2024

Website BSE
  • Market Cap ₹ 576 Cr.
  • Current Price ₹ 281
  • High / Low ₹ 520 / 111
  • Stock P/E 237
  • Book Value ₹ 27.4
  • Dividend Yield 0.00 %
  • ROCE 32.4 %
  • ROE 30.9 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company's working capital requirements have reduced from 23,254 days to 46.6 days

Cons

  • Stock is trading at 10.3 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 6.67% 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

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Quarterly Results

Figures in Rs. Crores

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
0.02 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.26 0.13 5.73 23.27 45.20
0.10 -0.37 0.27 0.17 0.07 0.13 0.17 0.18 0.32 0.08 5.21 22.67 43.96
Operating Profit -0.08 0.37 -0.27 -0.17 -0.07 -0.13 -0.16 -0.18 -0.06 0.05 0.52 0.60 1.24
OPM % -400.00% -1,600.00% -23.08% 38.46% 9.08% 2.58% 2.74%
0.06 2.50 0.00 0.00 0.00 0.00 0.01 0.83 0.10 0.10 0.11 0.11 0.11
Interest 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.01 0.01 0.01 0.00 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00
Profit before tax -0.03 2.86 -0.28 -0.18 -0.08 -0.14 -0.16 0.64 0.04 0.15 0.63 0.71 1.35
Tax % 0.00% 0.00% 14.29% 127.78% 0.00% 0.00% 18.75% 1.56% 0.00% 0.00% 0.00% 9.86% 25.19%
-0.04 2.86 -0.32 -0.41 -0.09 -0.14 -0.20 0.63 0.04 0.15 0.63 0.64 1.01
EPS in Rs -0.20 14.44 -1.62 -2.07 -0.45 -0.71 -1.01 3.18 0.20 0.76 3.18 3.23 5.10
Raw PDF
Upcoming result date: today

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
2.66 4.07 2.34 3.95 1.58 0.77 1.16 0.42 1.54 0.02 0.01 29.39 74.33
2.54 4.15 2.67 4.32 2.02 1.03 1.54 1.08 2.99 0.17 0.54 28.28 71.92
Operating Profit 0.12 -0.08 -0.33 -0.37 -0.44 -0.26 -0.38 -0.66 -1.45 -0.15 -0.53 1.11 2.41
OPM % 4.51% -1.97% -14.10% -9.37% -27.85% -33.77% -32.76% -157.14% -94.16% -750.00% -5,300.00% 3.78% 3.24%
0.30 0.47 0.18 0.31 0.38 0.45 0.15 0.28 1.85 2.56 0.83 0.42 0.43
Interest 0.19 0.16 0.02 0.01 0.01 0.00 0.00 0.00 0.13 0.02 0.01 0.00 0.00
Depreciation 0.03 0.06 0.06 0.06 0.04 0.03 0.03 0.03 0.02 0.03 0.03 0.01 0.00
Profit before tax 0.20 0.17 -0.23 -0.13 -0.11 0.16 -0.26 -0.41 0.25 2.36 0.26 1.52 2.84
Tax % 20.00% 5.88% -4.35% -7.69% -36.36% 18.75% -3.85% 0.00% 0.00% 11.44% 19.23% 4.61%
0.16 0.16 -0.22 -0.12 -0.06 0.13 -0.26 -0.41 0.25 2.09 0.21 1.45 2.43
EPS in Rs 0.81 0.81 -1.11 -0.61 -0.30 0.66 -1.31 -2.07 1.26 10.56 1.06 7.32 12.27
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 22%
5 Years: 91%
3 Years: 167%
TTM: 27430%
Compounded Profit Growth
10 Years: 25%
5 Years: 50%
3 Years: 47%
TTM: 606%
Stock Price CAGR
10 Years: 31%
5 Years: 113%
3 Years: 63%
1 Year: 153%
Return on Equity
10 Years: -6%
5 Years: -6%
3 Years: 7%
Last Year: 31%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 1.98 1.98 1.98 1.98 1.98 1.98 1.98 1.98 1.98 1.98 1.98 1.98
Reserves 0.29 0.41 0.17 0.03 -0.03 0.10 -0.16 -0.57 -0.32 1.77 1.98 3.44
1.54 1.63 1.84 1.67 1.33 1.02 1.33 1.52 0.12 0.57 0.00 0.00
5.06 1.99 1.70 3.42 3.38 2.02 1.74 1.93 5.61 0.34 0.07 33.96
Total Liabilities 8.87 6.01 5.69 7.10 6.66 5.12 4.89 4.86 7.39 4.66 4.03 39.38
0.39 0.39 0.33 0.28 0.25 0.22 0.20 0.16 0.14 0.19 0.02 0.01
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.00 0.00
8.40 5.54 5.28 6.74 6.33 4.82 4.61 4.62 7.17 4.39 4.01 39.37
Total Assets 8.87 6.01 5.69 7.10 6.66 5.12 4.89 4.86 7.39 4.66 4.03 39.38

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-0.05 -0.26 0.05 -0.17 -0.05 -0.12 -0.43 0.16 1.13 -6.14 3.20 17.24
0.02 0.20 0.03 0.24 0.39 0.45 0.13 -0.33 0.37 5.66 1.05 -19.29
-0.02 -0.01 0.00 -0.15 -0.34 -0.32 0.32 0.18 -1.53 0.45 -0.59 0.00
Net Cash Flow -0.05 -0.07 0.07 -0.08 0.00 0.01 0.02 0.02 -0.03 -0.03 3.66 -2.05

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 134.47 41.25 188.74 386.25 859.37 1,336.75 1,192.54 3,241.55 654.16 0.00 0.00 3.85
Inventory Days 984.98 443.43 571.94 198.33 622.34 1,043.67 215.83 680.68 84.77 12,775.00 1,407.86 0.00
Days Payable 785.89 160.88 244.42 299.82 845.54 1,072.19 501.48 1,736.22 35.32 6,205.00 260.71
Cash Conversion Cycle 333.56 323.80 516.26 284.76 636.17 1,308.24 906.89 2,186.01 703.61 6,570.00 1,147.14 3.85
Working Capital Days 234.64 169.50 252.69 144.15 362.69 810.58 456.25 903.81 324.71 60,955.00 8,760.00 46.57
ROCE % 12.11% 7.92% -5.74% -3.65% -2.87% 5.02% -8.32% -13.16% -47.56% -1.31% -13.53% 32.41%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
31.23% 29.93% 29.38% 29.38% 19.89% 1.21% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
68.78% 70.08% 70.63% 70.63% 80.12% 98.79% 99.99% 100.00% 100.00% 100.01% 100.00% 99.99%
No. of Shareholders 6,3566,3986,5276,5916,4836,5456,1506,0455,9636,3726,4316,972

Documents

Announcements

Annual reports