Onix Solar Energy Ltd.
•₹ 305.9-4.99%
2026-08-21
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
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | HINDZINC | 573.00 | 14.19 | 242110.78 | 1.75 | 5469.00 | 144.81 | 13747.00 | 81.10 | 69.83 | 58.56 |
| 2. | HINDALCO | 1028.15 | 14.09 | 231048.59 | 0.49 | 7013.00 | 75.15 | 84825.00 | 32.06 | 10.45 | 16.43 |
| 3. | VEDL | 268.55 | 5.34 | 105013.47 | 12.66 | 7918.00 | 77.65 | 24205.00 | -35.34 | 18.72 | 35.12 |
| 4. | HINDCOPPER | 560.20 | 47.66 | 54172.69 | 0.51 | 352.37 | 162.47 | 936.50 | 81.36 | 24.00 | 54.17 |
| 5. | VOGL | 36.67 | 0.00 | 14347.21 | 0.00 | 9450.00 | — | 25070.00 | — | 0.00 | 32.47 |
| 6. | GRAVITA | 1793.50 | 33.78 | 13237.55 | 0.00 | 106.37 | 14.30 | 1475.06 | 41.84 | 21.95 | 7.44 |
| 7. | JAINREC | 300.25 | 28.70 | 10361.20 | 0.00 | 69.41 | 22.79 | 2724.46 | 75.86 | 25.74 | 3.97 |
| 8. | CMRGREEN | 213.75 | 22.04 | 4682.31 | 0.00 | 68.18 | — | 3122.73 | 91.98 | 13.41 | 4.33 |
| 9. | POCL | 503.25 | 26.92 | 3838.70 | 0.40 | 358.80 | 42.58 | 9348.90 | 55.08 | 15.68 | 5.97 |
| 10. | ARDEE | 61.48 | 0.00 | 1937.86 | 0.00 | — | — | — | — | 49.04 | — |
| 11. | BHAGYANGR | 382.85 | 20.41 | 1282.41 | 0.00 | 20.24 | 167.37 | 705.08 | 45.20 | 9.17 | 5.43 |
| 12. | ONIXSOLAR | 338.85 | 0.00 | 1186.96 | 0.00 | 208.97 | — | 945.10 | — | 32.85 | 29.74 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 0 | 0 | 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 |
| -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 | -1 | -1 | 3 | 0 | 1 | 3 | 3 | 0 | -4 | 1 | 1 | 6 | |
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 369 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 369 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 0
- 0
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -0
- Tax %
- -0.00%
- Net Profit
- -0
- -0
- Equity Capital
- 2
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 0
- 0
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -0
- Tax %
- -0.00%
- Net Profit
- -0
- -1
- Equity Capital
- 2
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 0
- 0
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -0
- Tax %
- -18.75%
- Net Profit
- -0
- -1
- Equity Capital
- 2
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 0
- 0
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 1.54%
- Net Profit
- 1
- 3
- Equity Capital
- 2
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 0
- 0
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 0.00%
- Net Profit
- 0
- 0
- Equity Capital
- 2
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 0
- 0
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 0.00%
- Net Profit
- 0
- 1
- Equity Capital
- 2
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 6
- 5
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 0.00%
- Net Profit
- 1
- 3
- Equity Capital
- 2
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 23
- 23
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 9.86%
- Net Profit
- 1
- 3
- Equity Capital
- 2
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 5
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 25.19%
- Net Profit
- 0
- 0
- Equity Capital
- 2
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 43
- 44
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -1
- Tax %
- -36.36%
- Net Profit
- -1
- -4
- Equity Capital
- 2
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 2
- 0
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 0.00%
- Net Profit
- 1
- 1
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 7
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 3
- Tax %
- 0.00%
- Net Profit
- 3
- 1
- Equity Capital
- 2
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 937
- 659
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 278
- Tax %
- 25.15%
- Net Profit
- 208
- 6
- Equity Capital
- 369
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 369
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| 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 | -0 | -1 | -0 | -1 | 2 | — |
| OPM % | -7 | -2 | -4 | 25 | -20 | -89 | -72 | -82 | -4,005 | 5 | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 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 |
| -0 | -0 | -0 | 0 | -0 | -0 | 0 | 2 | 0 | 2 | 282 | |
| Tax % | 3 | 5 | 41 | 18 | 3 | 0 | 0 | 11 | 18 | 5 | 25 |
| Net Profit | -0 | -0 | -0 | 0 | -0 | -0 | 0 | 2 | 0 | 1 | 212 |
| EPS | -1 | -1 | -0 | 1 | -1 | -2 | 1 | 11 | 1 | 7 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -1 | -0 | -0 | 0 | -1 | -1 | 1 | 7 | 1 | 5 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -1 | -0 | -0 | 0 | -1 | -1 | 1 | 7 | 1 | 5 | — |
Mar 2016
- 2
- 3
- Operating Profit
- -0
- OPM %
- -7
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -0
- Tax %
- 3
- Net Profit
- -0
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2017
- 4
- 4
- Operating Profit
- -0
- OPM %
- -2
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -0
- Tax %
- 5
- Net Profit
- -0
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2018
- 2
- 2
- Operating Profit
- -0
- OPM %
- -4
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -0
- Tax %
- 41
- Net Profit
- -0
- EPS
- -0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2019
- 1
- 1
- Operating Profit
- 0
- OPM %
- 25
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 18
- Net Profit
- 0
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2020
- 1
- 2
- Operating Profit
- -0
- OPM %
- -20
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -0
- Tax %
- 3
- Net Profit
- -0
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2021
- 0
- 1
- Operating Profit
- -0
- OPM %
- -89
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -0
- Tax %
- 0
- Net Profit
- -0
- EPS
- -2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2022
- 2
- 3
- Operating Profit
- -1
- OPM %
- -72
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 0
- Net Profit
- 0
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2023
- 0
- 1
- Operating Profit
- -0
- OPM %
- -82
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 2
- Tax %
- 11
- Net Profit
- 2
- EPS
- 11
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
Mar 2024
- 0
- 1
- Operating Profit
- -1
- OPM %
- -4,005
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 18
- Net Profit
- 0
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2025
- 29
- 28
- Operating Profit
- 2
- OPM %
- 5
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 2
- Tax %
- 5
- Net Profit
- 1
- EPS
- 7
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
TTM
- 989
- 708
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 282
- Tax %
- 25
- Net Profit
- 212
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
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
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| 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 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 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 |
| Total Debt | 2 | 2 | 1 | 1 | 1 | 2 | 0 | 1 | 0 | 0 |
| Net Working Capital | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 3 | 4 | 5 |
| Contingent Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book Value per Share | 10.56 | 9.94 | 9.62 | 10.26 | 8.97 | 6.89 | 8.16 | 18.72 | 19.78 | 27.12 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 2 | 2 | 1 | 1 | 1 | 2 | 0 | 1 | 0 | 0 |
| Net Working Capital | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 3 | 4 | 5 |
| Contingent Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book Value per Share | 10.56 | 9.94 | 9.62 | 10.26 | 8.97 | 6.89 | 8.16 | 18.72 | 19.78 | 27.12 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2016
- Equity Capital
- 2
- 0
- 2
- Trade Payables
- 2
- 0
- Total Liabilities
- 6
- 0
- 4
- 0
- Cash & Bank
- 0
- 2
- Total Assets
- 6
- Total Debt
- 2
- Net Working Capital
- 2
- Contingent Liabilities
- 0
- Book Value per Share
- 10.56
- Face Value
- 10.00
- Total Debt
- 2
- Net Working Capital
- 2
- Contingent Liabilities
- 0
- Book Value per Share
- 10.56
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 2
- 0
- 2
- Trade Payables
- 3
- 0
- Total Liabilities
- 7
- 0
- 2
- 0
- Cash & Bank
- 0
- 5
- Total Assets
- 7
- Total Debt
- 2
- Net Working Capital
- 2
- Contingent Liabilities
- 0
- Book Value per Share
- 9.94
- Face Value
- 10.00
- Total Debt
- 2
- Net Working Capital
- 2
- Contingent Liabilities
- 0
- Book Value per Share
- 9.94
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 2
- -0
- 1
- Trade Payables
- 3
- 0
- Total Liabilities
- 7
- 0
- 2
- 0
- Cash & Bank
- 0
- 4
- Total Assets
- 7
- Total Debt
- 1
- Net Working Capital
- 2
- Contingent Liabilities
- 0
- Book Value per Share
- 9.62
- Face Value
- 10.00
- Total Debt
- 1
- Net Working Capital
- 2
- Contingent Liabilities
- 0
- Book Value per Share
- 9.62
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 2
- 0
- 1
- Trade Payables
- 2
- 0
- Total Liabilities
- 5
- 0
- 2
- 0
- Cash & Bank
- 0
- 3
- Total Assets
- 5
- Total Debt
- 1
- Net Working Capital
- 2
- Contingent Liabilities
- 0
- Book Value per Share
- 10.26
- Face Value
- 10.00
- Total Debt
- 1
- Net Working Capital
- 2
- Contingent Liabilities
- 0
- Book Value per Share
- 10.26
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 2
- -0
- 1
- Trade Payables
- 2
- 0
- Total Liabilities
- 5
- 0
- 1
- 0
- Cash & Bank
- 0
- 4
- Total Assets
- 5
- Total Debt
- 1
- Net Working Capital
- 2
- Contingent Liabilities
- 0
- Book Value per Share
- 8.97
- Face Value
- 10.00
- Total Debt
- 1
- Net Working Capital
- 2
- Contingent Liabilities
- 0
- Book Value per Share
- 8.97
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 2
- -1
- 2
- Trade Payables
- 2
- 0
- Total Liabilities
- 5
- 0
- 1
- 0
- Cash & Bank
- 0
- 4
- Total Assets
- 5
- Total Debt
- 2
- Net Working Capital
- 1
- Contingent Liabilities
- 0
- Book Value per Share
- 6.89
- Face Value
- 10.00
- Total Debt
- 2
- Net Working Capital
- 1
- Contingent Liabilities
- 0
- Book Value per Share
- 6.89
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 2
- -0
- 0
- Trade Payables
- 0
- 5
- Total Liabilities
- 7
- 0
- 0
- 0
- Cash & Bank
- 0
- 7
- Total Assets
- 7
- Total Debt
- 0
- Net Working Capital
- 1
- Contingent Liabilities
- 0
- Book Value per Share
- 8.16
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 1
- Contingent Liabilities
- 0
- Book Value per Share
- 8.16
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 2
- 2
- 1
- Trade Payables
- 0
- 0
- Total Liabilities
- 5
- 0
- 0
- 0
- Cash & Bank
- 0
- 4
- Total Assets
- 5
- Total Debt
- 1
- Net Working Capital
- 3
- Contingent Liabilities
- 0
- Book Value per Share
- 18.72
- Face Value
- 10.00
- Total Debt
- 1
- Net Working Capital
- 3
- Contingent Liabilities
- 0
- Book Value per Share
- 18.72
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 2
- 2
- 0
- Trade Payables
- 0
- 0
- Total Liabilities
- 4
- 0
- 0
- 0
- Cash & Bank
- 4
- 0
- Total Assets
- 4
- Total Debt
- 0
- Net Working Capital
- 4
- Contingent Liabilities
- 0
- Book Value per Share
- 19.78
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 4
- Contingent Liabilities
- 0
- Book Value per Share
- 19.78
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 2
- 3
- 0
- Trade Payables
- 1
- 33
- Total Liabilities
- 39
- 0
- 0
- 0
- Cash & Bank
- 2
- 37
- Total Assets
- 39
- Total Debt
- 0
- Net Working Capital
- 5
- Contingent Liabilities
- 0
- Book Value per Share
- 27.12
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 5
- Contingent Liabilities
- 0
- Book Value per Share
- 27.12
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
| Free Cash Flow | 0 | -0 | -0 | -0 | -0 | 0 | 1 | -6 | 3 | 17 |
| OCF / Net Profit | -0.21 | 1.34 | 0.84 | -0.96 | 1.68 | -0.39 | 4.49 | -2.94 | 15.23 | 11.85 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -1 | -1 | 1 | -5 | -2 | 16 |
| OCF / Net Profit | -0.21 | 1.34 | 0.84 | -0.96 | 1.68 | -0.39 | 4.49 | -2.94 | 15.23 | 11.85 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -1 | -1 | 1 | -5 | -2 | 16 |
Mar 2016
- 0
- Cash from Investing
- 0
- Cash from Financing
- 0
- 0
- Free Cash Flow
- 0
- OCF / Net Profit
- -0.21
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.21
- Cumulative 5-Year FCF
- 0
Mar 2017
- -0
- Cash from Investing
- 0
- Cash from Financing
- -0
- -0
- Free Cash Flow
- -0
- OCF / Net Profit
- 1.34
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.34
- Cumulative 5-Year FCF
- 0
Mar 2018
- -0
- Cash from Investing
- 0
- Cash from Financing
- -0
- -0
- Free Cash Flow
- -0
- OCF / Net Profit
- 0.84
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.84
- Cumulative 5-Year FCF
- 0
Mar 2019
- -0
- Cash from Investing
- 0
- Cash from Financing
- -0
- 0
- Free Cash Flow
- -0
- OCF / Net Profit
- -0.96
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.96
- Cumulative 5-Year FCF
- 0
Mar 2020
- -0
- Cash from Investing
- 0
- Cash from Financing
- 0
- 0
- Free Cash Flow
- -0
- OCF / Net Profit
- 1.68
- Cumulative 5-Year FCF
- -1
- OCF / Net Profit
- 1.68
- Cumulative 5-Year FCF
- -1
Mar 2021
- 0
- Cash from Investing
- -0
- Cash from Financing
- 0
- 0
- Free Cash Flow
- 0
- OCF / Net Profit
- -0.39
- Cumulative 5-Year FCF
- -1
- OCF / Net Profit
- -0.39
- Cumulative 5-Year FCF
- -1
Mar 2022
- 1
- Cash from Investing
- 0
- Cash from Financing
- -2
- -0
- Free Cash Flow
- 1
- OCF / Net Profit
- 4.49
- Cumulative 5-Year FCF
- 1
- OCF / Net Profit
- 4.49
- Cumulative 5-Year FCF
- 1
Mar 2023
- -6
- Cash from Investing
- 6
- Cash from Financing
- 0
- -0
- Free Cash Flow
- -6
- OCF / Net Profit
- -2.94
- Cumulative 5-Year FCF
- -5
- OCF / Net Profit
- -2.94
- Cumulative 5-Year FCF
- -5
Mar 2024
- 3
- Cash from Investing
- 1
- Cash from Financing
- -1
- 4
- Free Cash Flow
- 3
- OCF / Net Profit
- 15.23
- Cumulative 5-Year FCF
- -2
- OCF / Net Profit
- 15.23
- Cumulative 5-Year FCF
- -2
Mar 2025
- 17
- Cash from Investing
- -19
- Cash from Financing
- 0
- -2
- Free Cash Flow
- 17
- OCF / Net Profit
- 11.85
- Cumulative 5-Year FCF
- 16
- OCF / Net Profit
- 11.85
- Cumulative 5-Year FCF
- 16
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | -1.11 | -0.62 | -0.32 | 0.65 | -1.29 | -2.07 | 1.27 | 10.56 | 1.06 | 7.34 |
| Book Value (₹) | 10.56 | 9.94 | 9.62 | 10.26 | 8.97 | 6.89 | 8.16 | 18.72 | 19.78 | 27.12 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | -0.54 | -0.22 | -0.09 | 0.54 | -0.74 | -1.26 | 0.90 | 7.10 | 0.81 | 4.89 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | -6.59% | -1.88% | -4.02% | 25.10% | -19.74% | -88.79% | -71.71% | -82.01% | -4049.62% | 3.78% |
| Net Margin % | -8.82% | -2.99% | -3.90% | 16.64% | -22.04% | -97.07% | 16.36% | 8744.35% | 1603.05% | 4.95% |
| ROE % | -10.01% | -6.10% | -3.31% | 6.49% | -13.47% | -26.14% | 16.85% | 78.54% | 5.51% | 31.31% |
| ROCE % | -5.21% | -3.14% | -2.98% | 5.08% | -8.56% | -13.68% | 16.56% | 78.97% | 6.53% | 32.85% |
| -3.77% | -1.93% | -0.93% | 2.17% | -5.12% | -8.41% | 4.10% | 34.46% | 4.79% | 6.69% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 122 | 238 | 876 | 1555 | 1037 | 3245 | 772 | 0 | 0 | 4 |
| Inventory Days | 578 | 249 | 499 | 998 | 394 | 592 | 125 | 5400 | 8664 | 0 |
| Payable Days | 253 | 220 | 842 | 1444 | 547 | 1663 | 224 | 5249 | 559 | 6 |
| 447 | 267 | 532 | 1109 | 885 | 2173 | 672 | 151 | 8105 | -2 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.88x | 0.85x | 0.70x | 0.50x | 0.75x | 1.11x | 0.07x | 0.16x | 0.00x | 0.00x |
| Interest Coverage (x) | -9.65x | -10.21x | -15.23x | 38.27x | -1282.94x | -683.17x | 2.92x | 154.16x | 22.49x | 762.60x |
| 1.50x | 1.32x | 1.34x | 1.58x | 1.50x | 1.33x | 1.25x | 4.42x | 52.33x | 1.16x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -42.35% | 68.34% | -59.99% | -51.37% | 51.49% | -63.65% | 262.97% | -98.44% | -45.19% | 0.00% |
| Operating Profit Growth % | -144.10% | 52.83% | 14.95% | 391.46% | -219.13% | -63.55% | -193.13% | 98.22% | -2577.04% | 392.15% |
| Net Profit Growth % | -242.04% | 43.87% | 48.13% | 299.09% | -300.64% | -60.12% | 161.19% | 731.97% | -89.95% | 592.33% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -89.95% | 592.34% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 55.56x | 42.39x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.98x | 11.48x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | -15.19x | 39.14x |
Mar 2016
- EPS (₹)
- -1.11
- Book Value (₹)
- 10.56
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.54
- Operating Margin %
- -6.59%
- Net Margin %
- -8.82%
- ROE %
- -10.01%
- ROCE %
- -5.21%
- -3.77%
- Debtor Days
- 122
- Inventory Days
- 578
- Payable Days
- 253
- 447
- Debt to Equity (x)
- 0.88x
- Interest Coverage (x)
- -9.65x
- 1.50x
- Revenue Growth %
- -42.35%
- Operating Profit Growth %
- -144.10%
- Net Profit Growth %
- -242.04%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- -0.62
- Book Value (₹)
- 9.94
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.22
- Operating Margin %
- -1.88%
- Net Margin %
- -2.99%
- ROE %
- -6.10%
- ROCE %
- -3.14%
- -1.93%
- Debtor Days
- 238
- Inventory Days
- 249
- Payable Days
- 220
- 267
- Debt to Equity (x)
- 0.85x
- Interest Coverage (x)
- -10.21x
- 1.32x
- Revenue Growth %
- 68.34%
- Operating Profit Growth %
- 52.83%
- Net Profit Growth %
- 43.87%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- -0.32
- Book Value (₹)
- 9.62
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.09
- Operating Margin %
- -4.02%
- Net Margin %
- -3.90%
- ROE %
- -3.31%
- ROCE %
- -2.98%
- -0.93%
- Debtor Days
- 876
- Inventory Days
- 499
- Payable Days
- 842
- 532
- Debt to Equity (x)
- 0.70x
- Interest Coverage (x)
- -15.23x
- 1.34x
- Revenue Growth %
- -59.99%
- Operating Profit Growth %
- 14.95%
- Net Profit Growth %
- 48.13%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 0.65
- Book Value (₹)
- 10.26
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.54
- Operating Margin %
- 25.10%
- Net Margin %
- 16.64%
- ROE %
- 6.49%
- ROCE %
- 5.08%
- 2.17%
- Debtor Days
- 1555
- Inventory Days
- 998
- Payable Days
- 1444
- 1109
- Debt to Equity (x)
- 0.50x
- Interest Coverage (x)
- 38.27x
- 1.58x
- Revenue Growth %
- -51.37%
- Operating Profit Growth %
- 391.46%
- Net Profit Growth %
- 299.09%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -1.29
- Book Value (₹)
- 8.97
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.74
- Operating Margin %
- -19.74%
- Net Margin %
- -22.04%
- ROE %
- -13.47%
- ROCE %
- -8.56%
- -5.12%
- Debtor Days
- 1037
- Inventory Days
- 394
- Payable Days
- 547
- 885
- Debt to Equity (x)
- 0.75x
- Interest Coverage (x)
- -1282.94x
- 1.50x
- Revenue Growth %
- 51.49%
- Operating Profit Growth %
- -219.13%
- Net Profit Growth %
- -300.64%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -2.07
- Book Value (₹)
- 6.89
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.26
- Operating Margin %
- -88.79%
- Net Margin %
- -97.07%
- ROE %
- -26.14%
- ROCE %
- -13.68%
- -8.41%
- Debtor Days
- 3245
- Inventory Days
- 592
- Payable Days
- 1663
- 2173
- Debt to Equity (x)
- 1.11x
- Interest Coverage (x)
- -683.17x
- 1.33x
- Revenue Growth %
- -63.65%
- Operating Profit Growth %
- -63.55%
- Net Profit Growth %
- -60.12%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 1.27
- Book Value (₹)
- 8.16
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.90
- Operating Margin %
- -71.71%
- Net Margin %
- 16.36%
- ROE %
- 16.85%
- ROCE %
- 16.56%
- 4.10%
- Debtor Days
- 772
- Inventory Days
- 125
- Payable Days
- 224
- 672
- Debt to Equity (x)
- 0.07x
- Interest Coverage (x)
- 2.92x
- 1.25x
- Revenue Growth %
- 262.97%
- Operating Profit Growth %
- -193.13%
- Net Profit Growth %
- 161.19%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 10.56
- Book Value (₹)
- 18.72
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 7.10
- Operating Margin %
- -82.01%
- Net Margin %
- 8744.35%
- ROE %
- 78.54%
- ROCE %
- 78.97%
- 34.46%
- Debtor Days
- 0
- Inventory Days
- 5400
- Payable Days
- 5249
- 151
- Debt to Equity (x)
- 0.16x
- Interest Coverage (x)
- 154.16x
- 4.42x
- Revenue Growth %
- -98.44%
- Operating Profit Growth %
- 98.22%
- Net Profit Growth %
- 731.97%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 1.06
- Book Value (₹)
- 19.78
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.81
- Operating Margin %
- -4049.62%
- Net Margin %
- 1603.05%
- ROE %
- 5.51%
- ROCE %
- 6.53%
- 4.79%
- Debtor Days
- 0
- Inventory Days
- 8664
- Payable Days
- 559
- 8105
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 22.49x
- 52.33x
- Revenue Growth %
- -45.19%
- Operating Profit Growth %
- -2577.04%
- Net Profit Growth %
- -89.95%
- -89.95%
- P/E (x)
- 55.56x
- P/B (x)
- 2.98x
- Dividend Yield %
- 0.00%
- -15.19x
Mar 2025
- EPS (₹)
- 7.34
- Book Value (₹)
- 27.12
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 4.89
- Operating Margin %
- 3.78%
- Net Margin %
- 4.95%
- ROE %
- 31.31%
- ROCE %
- 32.85%
- 6.69%
- Debtor Days
- 4
- Inventory Days
- 0
- Payable Days
- 6
- -2
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 762.60x
- 1.16x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 392.15%
- Net Profit Growth %
- 592.33%
- 592.34%
- P/E (x)
- 42.39x
- P/B (x)
- 11.48x
- Dividend Yield %
- 0.00%
- 39.14x
Documents
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