Onix Solar Energy Ltd
₹ 228
1.99%
22 May
- close price
About
Incorporated in 1980, Onix Solar Energy is in the business of Trading in Non-Ferrous Metals[1]
Key Points
- Market Cap ₹ 45.1 Cr.
- Current Price ₹ 228
- High / Low ₹ 472 / 87.0
- Stock P/E 31.1
- Book Value ₹ 27.4
- Dividend Yield 0.00 %
- ROCE 32.4 %
- ROE 30.9 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company's working capital requirements have reduced from 26,782 days to 46.6 days
Cons
- Stock is trading at 8.32 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.
- Earnings include an other income of Rs.0.42 Cr.
* 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.
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Quarterly Results
Figures in Rs. Crores
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2.66 | 4.07 | 2.34 | 3.95 | 1.58 | 0.77 | 1.16 | 0.42 | 1.54 | 0.02 | 0.01 | 29.39 | |
| 2.54 | 4.15 | 2.67 | 4.32 | 2.02 | 1.03 | 1.54 | 1.08 | 2.99 | 0.17 | 0.54 | 28.28 | |
| 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 |
| 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% |
| 0.30 | 0.47 | 0.18 | 0.31 | 0.38 | 0.45 | 0.15 | 0.28 | 1.85 | 2.56 | 0.83 | 0.42 | |
| 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 |
| 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 |
| 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 |
| 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 | |
| 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 |
| 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: | 293800% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 50% |
| 3 Years: | 47% |
| TTM: | 342% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | 129% |
| 3 Years: | 162% |
| 1 Year: | 149% |
| 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 | 312.86 | |
| 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 | 1,095.00 | 3.85 |
| Working Capital Days | 443.21 | 313.88 | 536.58 | 298.47 | 669.94 | 1,294.09 | 874.74 | 2,224.76 | 353.15 | 71,540.00 | 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% |
Documents
Announcements
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Appointment Of Mr. Sagar Limbad As CFO Of The Company
1d - Appointed Harpreet Singh as MD for 5 years and Sagar Limbad as CFO, effective 21 May 2025.
-
Appointment Of Mr. Harpreet Singh As Managing Director Of The Company
1d - Appointed Harpreet Singh as MD for 5 years and Sagar Limbad as CFO, effective 21 May 2025.
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Board Meeting Outcome for Outcome Of Board Meeting Held On May 21, 2025
1d - Appointed Harpreet Singh as MD for 5 years and Sagar Limbad as CFO, effective 21 May 2025.
-
Board Meeting Outcome for Board Meeting Outcome For Considered And Approved Audited Financial Results For The Quarter 4 And Year Ended Date 31.03.2025
2d - Approved FY25 audited results, appointed secretarial auditor, shifted registered office in Mumbai.
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
19 May - Onix Renewable acquired 14.29% shares of Onix Solar Energy via open market on 15-05-2025.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from web
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
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Financial Year 2010
from bse
Business Overview:[1]
The company is 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 their main business from Gas Industry to Solar Energy Industry on May 14th 2024