Onix Solar Energy Ltd.
•Add ratio to table
ABOUT
AI Sector View
AI GENERATEDMetals & Mining
The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.
PROS
- Company is almost debt free
- Promoters have been increasing their shareholding - up 50.2pp over 2 years
- Company has a healthy return on capital (ROCE) of 39.4%
- Company has a good return on equity (ROE) track record: 3 Years ROE 38.5%
- Company has delivered good sales growth of 90.8% CAGR over last 5 years
- Operating margins have improved to 3.8% from -71.7%
CONS
- A large part of profit comes from other income (27.6% of PBT)
- Stock is trading at 11.5x its book value
- Recurring exceptional / one-off items are inflating headline profit
- Rich enterprise valuation - EV/EBITDA of 39.1x
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| HINDZINC | 593.80 | 14.70 | 250899.44 | 1.68 | 5469.00 | 144.81 | 13747.00 | 81.10 | 69.83 | 58.56 |
| HINDALCO | 1019.00 | 13.96 | 228992.38 | 0.49 | 7013.00 | 75.15 | 84825.00 | 32.06 | 10.45 | 16.43 |
| VEDL | 269.15 | 5.35 | 105248.09 | 12.63 | 7918.00 | 77.65 | 24205.00 | -35.34 | 18.72 | 35.12 |
| HINDCOPPER | 527.45 | 44.87 | 51005.68 | 0.54 | 352.37 | 162.47 | 936.50 | 81.36 | 39.44 | 54.17 |
| VOGL | 36.52 | 0.00 | 14280.74 | 0.00 | 9450.00 | — | 25070.00 | — | 0.00 | 32.47 |
| GRAVITA | 1696.60 | 31.95 | 12522.34 | 0.37 | 106.37 | 14.30 | 1475.06 | 41.84 | 17.18 | 7.44 |
| JAINREC | 291.60 | 27.87 | 10062.70 | 0.00 | 69.41 | 22.79 | 2724.46 | 75.86 | 25.74 | 3.97 |
| CMRGREEN | 220.20 | 22.71 | 4823.60 | 0.00 | 68.18 | — | 3122.73 | 91.98 | 13.41 | 4.33 |
| POCL | 456.85 | 24.44 | 3484.77 | 0.44 | 358.80 | 42.58 | 9348.90 | 55.08 | 23.32 | 5.97 |
| ONIXSOLAR | 462.00 | 28.23 | 1703.30 | 0.00 | 208.97 | — | 945.10 | — | 32.85 | 29.74 |
| ARDEE | 52.75 | 19.63 | 1662.69 | 0.00 | 199.03 | — | 3388.11 | — | 49.04 | 9.90 |
| BHAGYANGR | 429.85 | 22.91 | 1439.84 | 0.00 | 20.24 | 167.37 | 705.08 | 45.20 | 9.17 | 5.43 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 | 6 | 23 | 5 | 43 | 2 | 7 | 937 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 5 | 23 | 4 | 44 | 0 | 4 | 659 | |
| Operating Profit | -0 | -0 | -0 | -0 | -0 | 0 | 1 | 1 | 0 | -1 | 1 | 3 | 278 |
| OPM % | — | — | -1600.00% | — | -23.08% | 38.46% | 9.08% | 2.58% | 2.74% | -1.38% | 88.46% | 36.16% | 29.69% |
| 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 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 | 1 | 0 | 0 | 1 | 1 | 0 | -1 | 1 | 3 | 278 |
| Tax % | -0.00% | -0.00% | -18.75% | 1.54% | 0.00% | 0.00% | 0.00% | 9.86% | 25.19% | -36.36% | 0.00% | 0.00% | 25.15% |
| Net Profit | -0 | -0 | -0 | 1 | 0 | 0 | 1 | 1 | 0 | -1 | 1 | 3 | 208 |
| -0.44 | -0.70 | -0.99 | 3.19 | 0.21 | 0.75 | 3.16 | 3.22 | 0.51 | -3.82 | 5.32 | 12.53 | 5.65 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 4 | 2 | 1 | 1 | 0 | 2 | 0 | 0 | 29 | 989 | |
| 3 | 4 | 2 | 1 | 2 | 1 | 3 | 1 | 1 | 28 | 708 | |
| Operating Profit | -0 | -0 | -0 | -0 | -0 | -1 | -1 | -1 | -1 | 1 | 282 |
| OPM % | -13.97% | -9.50% | -28.36% | -33.41% | -32.90% | -157.65% | -94.52% | -3517.15% | -4049.62% | 3.78% | 28.47% |
| 0 | 0 | 0 | 0 | 0 | 0 | 2 | 3 | 1 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before Tax | -0 | -0 | -0 | 0 | -0 | -0 | 0 | 2 | 0 | 2 | 282 |
| Tax % | 3.11% | 5.15% | 41.17% | 17.75% | 2.79% | -0.00% | 0.00% | 11.40% | 17.87% | 4.55% | 24.91% |
| Net Profit | -0 | -0 | -0 | 0 | -0 | -0 | 0 | 2 | 0 | 1 | 212 |
| EPS | -1.11 | -0.62 | -0.32 | 0.65 | -1.29 | -2.07 | 1.27 | 10.56 | 1.06 | 7.34 | — |
| Dividend Payout % | 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:
- 168%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 25%
- 5 Years:
- —
- 3 Years:
- 80%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 8%
- 5 Years:
- 21%
- 3 Years:
- 38%
- Last Year:
- 31%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| 0 | 0 | -0 | 0 | -0 | -1 | -0 | 2 | 2 | 3 | |
| 2 | 2 | 1 | 1 | 1 | 2 | 0 | 1 | 0 | 0 | |
| Trade Payables | 2 | 3 | 3 | 2 | 2 | 2 | 0 | 0 | 0 | 1 |
| 0 | 0 | 0 | 0 | 0 | 0 | 5 | 0 | 0 | 33 | |
| Total Liabilities | 6 | 7 | 7 | 5 | 5 | 5 | 7 | 5 | 4 | 39 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 4 | 2 | 2 | 2 | 1 | 1 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cash & Bank | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 2 |
| 2 | 5 | 4 | 3 | 4 | 4 | 7 | 4 | 0 | 37 | |
| Total Assets | 6 | 7 | 7 | 5 | 5 | 5 | 7 | 5 | 4 | 39 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 1 | -6 | 3 | 17 | |
| Cash from Investing | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 6 | 1 | -19 |
| Cash from Financing | 0 | -0 | -0 | -0 | 0 | 0 | -2 | 0 | -1 | 0 |
| 0 | -0 | -0 | 0 | 0 | 0 | -0 | -0 | 4 | -2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
No announcements filed.
News
Recent coverage and analyst commentary for ONIXSOLAR
Loading news…
AI Stock Analyst
Onix Solar Energy Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account