Onix Solar Energy Ltd

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

Onix Solar Energy Ltd

₹ 696 1.00%
16 Feb - 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 ₹ 1,494 Cr.
  • Current Price ₹ 696
  • High / Low ₹ 696 / 153
  • Stock P/E 98.4
  • Book Value ₹ 2.47
  • 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 has delivered good profit growth of 49.9% CAGR over last 5 years
  • Promoter holding has increased by 91.7% over last quarter.
  • Company's working capital requirements have reduced from 23,254 days to 46.6 days

Cons

  • Stock is trading at 281 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

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
0 0 0 0 0 0 0 0 57 23 45 43 16
0 0 0 0 0 0 0 0 52 23 44 44 2
Operating Profit -0 -0 -0 -0 -0 -0 -0 0 5 1 1 -1 14
OPM % -1,600% -23% 38% 9% 3% 3% -1% 88%
0 0 0 0 0 1 0 0 1 0 0 0 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -0 -0 -0 -0 -0 1 0 0 6 1 1 -1 14
Tax % 14% 128% 0% 0% 19% 2% 0% 0% 0% 10% 31% 36% 0%
-0 -0 -0 -0 -0 1 0 0 6 1 1 -1 14
EPS in Rs -1.33 -1.71 -0.38 -0.58 -0.83 2.62 0.17 0.62 26.08 2.67 3.88 -3.17 5.73
Raw PDF

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
3 4 2 4 2 1 1 0 2 0 0 29 128
3 4 3 4 2 1 2 1 3 0 1 28 112
Operating Profit 0 -0 -0 -0 -0 -0 -0 -1 -1 -0 -1 1 16
OPM % 5% -2% -14% -9% -28% -34% -33% -157% -94% -750% -5,300% 4% 12%
0 0 0 0 0 0 0 0 2 3 1 0 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 0 0 -0 -0 -0 0 -0 -0 0 2 0 2 16
Tax % 20% 6% -4% -8% -36% 19% -4% 0% 0% 11% 19% 5%
0 0 -0 -0 -0 0 -0 -0 0 2 0 1 15
EPS in Rs 0.67 0.67 -0.92 -0.50 -0.25 0.54 -1.08 -1.71 1.04 8.71 0.88 6.04 9.11
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 22%
5 Years: 91%
3 Years: 167%
TTM: 122%
Compounded Profit Growth
10 Years: 25%
5 Years: 50%
3 Years: 47%
TTM: 142%
Stock Price CAGR
10 Years: 42%
5 Years: 136%
3 Years: 151%
1 Year: 74%
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 Sep 2025
Equity Capital 2 2 2 2 2 2 2 2 2 2 2 2 2
Reserves 0 0 0 0 -0 0 -0 -1 -0 2 2 3 4
2 2 2 2 1 1 1 2 0 1 0 0 0
5 2 2 3 3 2 2 2 6 0 0 34 37
Total Liabilities 9 6 6 7 7 5 5 5 7 5 4 39 43
0 0 0 0 0 0 0 0 0 0 0 0 0
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
8 6 5 7 6 5 5 5 7 4 4 39 43
Total Assets 9 6 6 7 7 5 5 5 7 5 4 39 43

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 -0 0 -0 -0 -0 -0 0 1 -6 3 17
0 0 0 0 0 0 0 -0 0 6 1 -19
-0 -0 0 -0 -0 -0 0 0 -2 0 -1 0
Net Cash Flow -0 -0 0 -0 0 0 0 0 -0 -0 4 -2

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 41 189 386 859 1,337 1,193 3,242 654 0 0 4
Inventory Days 985 443 572 198 622 1,044 216 681 85 12,775 1,408 0
Days Payable 786 161 244 300 846 1,072 501 1,736 35 6,205 261
Cash Conversion Cycle 334 324 516 285 636 1,308 907 2,186 704 6,570 1,147 4
Working Capital Days 235 170 253 144 363 811 456 904 325 60,955 8,760 47
ROCE % 12% 8% -6% -4% -3% 5% -8% -13% -48% -1% -14% 32%

Shareholding Pattern

Numbers in percentages

13 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
29.93% 29.38% 29.38% 19.89% 1.21% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 91.72%
70.08% 70.63% 70.63% 80.12% 98.79% 99.99% 100.00% 100.00% 100.01% 100.00% 99.99% 8.29%
No. of Shareholders 6,3986,5276,5916,4836,5456,1506,0455,9636,3726,4316,9727,062

Documents

Announcements

Annual reports