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Onix Solar Energy Ltd (513119)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513119 NSE: Metal - Non Ferrous | Small Cap | Onix Solar Energy Share Price

₹724.30 0.00 (0.00%)

As on 01-Jun'26 16:59

Onix Solar Energy Ltd (513119)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513119 NSE: Metal - Non Ferrous | Small Cap | Onix Solar Energy Share Price

₹724.30 0.00 (0.00%)

As on 01-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,670 Cr.
Current Price
₹724.3
52-Week Low / High
₹150 / 782
TTM EPS
₹10.9
TTM Sales
₹157 Cr.
Book Value per Share
₹229
P/E Ratio
66.44
Higher than its 5-year historical median
Industry PE
22.7
Price to Book (P/B)
3.16
In line with its 5-year historical median
Price to Sales (P/S)
17.00
Higher than its 5-year historical median
EV/EBITDA
66.20
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
31.31%
Outperforms industry median
Return on Capital Employed (ROCE)
32.85%
Outperforms industry median
Return on Assets (ROA)
6.69%
Operating Profit Margin
3.8%
Net Profit Margin
4.95%
Gross Profit Margin
5.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
293800%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
590.48%
Asset Quality
Promoter Holding
74.98%
Pledged shares (%) of Promoter's holding (%)
21.81%
Reserves
₹807 Cr.
Equity
₹36.9 Cr.
Face Value
₹10
All Time Low / High
₹0.30 / 782.21

Onix Solar Energy stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Onix Solar Energy Ltd a good quality company?
Onix Solar Energy Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Onix Solar Energy Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Onix Solar Energy Ltd vs industry peers?
Onix Solar Energy Ltd revenue CAGR is 90.87%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Onix Solar Energy Ltd?
Promoters hold 74.98% of the Onix Solar Energy Ltd, with 21.81% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Onix Solar Energy Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 44.3% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Onix Solar Energy Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -5.2%-3.1%-3%5.1%-8.6%-13.7%16.6%79%6.5%32.9%-
Value Creation
Index
-1.4-1.2-1.2-0.6-1.6-2.00.24.6-0.51.4-

Growth Parameters

Sales 2.341.60.81.20.41.50029.4157
Sales YoY Gr.-68.8%-60%-51.3%50.7%-63.8%266.7%-98.7%-50%2,93,800%-
Adj EPS -0.8-0.5-0.30.4-0.9-1.4-2.71.3-1.24.910.9
YoY Gr.-NANANA-300%NANANA-193.9%NA-
BVPS (₹) 76.66.46.85.94.65.412.413.118229
Adj Net
Profit
-0.2-0.1-0.10.1-0.3-0.4-0.80.4-0.41.540
Cash Flow from Ops. 0.1-0.2-0.1-0.1-0.40.21.1-6.13.217.2-
Debt/CF from Ops. 39.6-10.1-24.8-8.3-3.19.50.1-0.100-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 32.5%90.9%167.2%293800%
Adj EPS NANANANA
BVPS11.1%24.8%49.2%37.2%
Share Price 48.5% 171.9% 200.8% 293.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-10.4-6.9-3.86.4-13.2-24.9-52.114.5-9.5318.8
Op. Profit
Mgn %
-14-9.5-28.4-33.1-32.9-154.9-94.5-3517.2-4049.63.823
Net Profit
Mgn %
-10.1-3.7-4.816.9-22-95.2-52.11642.4-2805.9525.6
Debt to
Equity
0.90.90.70.50.81.10.10.2000
Working Cap
Days
7765221,4362,6231,4603,9101,38288,04466,185237279
Cash Conv.
Cycle
352177752-415-1,0272,75769726,1828,413-2253

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales24211020029
Operating Expenses + 34212131128
Manufacturing Costs0000000000
Material Costs24111020026
Employee Cost 0000000001
Other Costs 0000011101
Operating Profit -0-0-0-0-0-1-1-1-11
Operating Profit Margin (%) -14.0%-9.5%-28.4%-33.4%-32.9%-157.0%-94.5%-3,517.2%-4,049.6%3.8%
Other Income + 0000000100
Exceptional Items 0000002210
Interest 0000000000
Depreciation 0000000000
Profit Before Tax -0-0-00-0-00202
Tax -0-0-00-000000
Profit After Tax -0-0-00-0-00201
PAT Margin (%) -9.4%-3.1%-4.1%16.6%-22.0%-97.1%16.4%8,744.4%1,603.1%5.0%
Adjusted EPS (₹)-0.7-0.4-0.20.4-0.9-1.40.87.00.74.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Onix Solar Energy - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2222212445
Share Capital 2222222222
Reserves 00-00-0-1-0223
Debt +2211120100
Long Term Debt0000000000
Short Term Debt2211120100
Minority Interest0000000000
Trade Payables2332220001
Others Liabilities 00000050033
Total Liabilities 67755575439

Fixed Assets

Net Fixed Assets +0000000000
Gross Block1111111000
Accumulated Depreciation0111111000
CWIP 0000000000
Investments 0000000000
Inventories4222110000
Trade Receivables1443443000
Cash Equivalents 0000000042
Others Assets 00000044037
Total Assets 67755575439

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 0-0-0-0-001-6317
PBT -0-0-00-0-00202
Adjustment 0-0-0-0-01-1-3-1-0
Changes in Working Capital 0000-0-02-5417
Tax Paid 0-00-00-0-0-0-0-0
Cash Flow From Investing Activity + 00000-0061-19
Capex 0-0-00-0-0060-20
Net Investments 0000000010
Others 00000-00000
Cash Flow From Financing Activity + 0-0-0-000-20-10
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 000000-0-0-00
Dividend Paid 0000000000
Others 0-0-0-000-20-10
Net Cash Flow 0-0-0000-0-04-2

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-10.01-6.1-3.316.49-13.47-26.1416.8578.545.5131.31
ROCE (%)-5.21-3.14-2.985.08-8.56-13.6816.5678.976.5332.85
Asset Turnover Ratio0.430.650.240.130.230.090.25001.35
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/A-3N/A17
Working Capital Days
Receivable Days122.10237.60875.601,554.701,036.903,245.10771.50003.90
Inventory Days578248.90498.60998.30394.30591.70124.905,400.208,663.900
Payable Days252.90219.908421,443.70546.701,663.40224.305,249.405596.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.0021.81
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Onix Solar Energy Ltd FAQs

The current trading price of Onix Solar Energy on 01-Jun-2026 16:59 is ₹724.3.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-May-2026 the market cap of Onix Solar Energy stood at ₹2,670.3 Cr

The latest P/E ratio of Onix Solar Energy as of 31-May-2026 is 66.44.

The latest P/B ratio of Onix Solar Energy as of 31-May-2026 is 3.16.

The 52-week high of Onix Solar Energy is ₹782.2 and the 52-week low is ₹149.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Onix Solar Energy is ₹157 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Onix Solar Energy Ltd is a below average quality company.

The key valuation ratios of Onix Solar Energy Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Onix Solar Energy Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Onix Solar Energy Ltd

ABC Gas (International) Limited, formally known as Brassco Extrusions Limited, was established in 1980. It was initially engaged in the manufacture and supply of Quality Copper Tubes for various applications. As part of the ABC Group, it enjoys the advantages of a rich experience in servicing industries and commercial requirements over the last decades.

The company earlier used to manufacture Copper Plumbing Systems. It used to manufacture specialized Copper Tubes for nearly all applications, especially water plumbing, gas, air-conditioning and refrigeration industries. It was ABC who first introduced the concept of Copper Plumbing in India since 1992, hitherto unheard of. Copper Plumbing is the most popular choice in the western world and is now the leading choice in India for many prestigious buildings and five star and deluxe hotel projects.

ABC GAS (International) Ltd. has been at the forefront of the international gas industry. To ABC the world is becoming increasingly smaller. Wherever natural gas or LPG is used ABC has the gas control products and connections one can depend on.

Centralized piped gas system or piped gas system is supplying LPG through pipeline network from a centralized cylinder bank or bulk installation to the customer kitchen. The system is designed through multiple pressure regulation stage to reach LPG to the users at low pressure to make it safe.

ABCGIL offers:

  • Total system design network analysis of distribution system
  • Supply, installation and commissioning of entire system
  • Inspection and maintenance of the facility
  • After sales, service and support
  • Hand on training to the consumers
  • Assured continuous supply of LPG in the system

Business line of the company:

  • The company is currently engaged in the business of trading gas meter and appliances known as a centralized piped system which supply natural gas.
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