Key Metrics 
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10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
Financials 
News 
About
Onix Solar Energy Ltd (ONIXSOLAR)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513119 NSE: ONIXSOLAR Metal - Non Ferrous | Small Cap | Onix Solar Energy Share Price
₹342.45 -17.00 (-4.73%)
As on 21-Oct'26 16:59
Onix Solar Energy Ltd (ONIXSOLAR)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513119 NSE: ONIXSOLAR Metal - Non Ferrous | Small Cap | Onix Solar Energy Share Price
₹342.45 -17.00 (-4.73%)
As on 21-Oct'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹1,325 Cr.
Current Price
₹342.5
52-Week Low / High
₹150 / 782
TTM EPS
₹8.5
TTM Sales
₹165 Cr.
Book Value per Share
₹232.5
P/E Ratio
42.10
Higher than its 5-year historical median
Industry PE
14
Price to Book (P/B)
1.55
Lower than its 5-year historical median
Price to Sales (P/S)
8.01
Lower than its 5-year historical median
EV/EBITDA
28.92
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
8.08%
Return on Capital Employed (ROCE)
11.34%
Return on Assets (ROA)
6.96%
Operating Profit Margin
28.1%
Net Profit Margin
19.03%
Gross Profit Margin
27.1%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
434.94%
Operating Profit Growth (1 Year)
-
4091.89%
Net Profit Growth (1 Year)
-
2071.03%
Asset Quality
Promoter Holding
50.22%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹820 Cr.
Equity
₹36.9 Cr.
Face Value
₹10
All Time Low / High
₹0.30 / 782.21
Check Before You Invest
Quality
Not GoodValuation
Somewhat UndervaluedCheck Valuation charts
Price Trend
Semi Strong
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?
Revenue growth of Onix Solar Energy Ltd vs industry peers?
Onix Solar Energy Ltd revenue CAGR is 22.89%, compared to the industry median CAGR of %, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Onix Solar Energy Ltd?
Promoters hold 50.22% of the Onix Solar Energy Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Onix Solar Energy Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 35.7% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -3.1% | -3% | 5.1% | -8.6% | -13.7% | 16.6% | 79% | 6.5% | 32.9% | 10.3% | - |
| Value Creation Index ⓘ | -1.2 | -1.2 | -0.6 | -1.6 | -2.0 | 0.2 | 4.6 | -0.5 | 1.4 | -0.3 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 4 | 1.6 | 0.8 | 1.2 | 0.4 | 1.5 | 0 | 0 | 29.4 | 157 | 212 |
| Sales YoY Gr. | - | -60% | -51.3% | 50.7% | -63.8% | 266.7% | -98.7% | -50% | 2,93,800% | 434.9% | - |
| Adj EPS ⓘ | -0.5 | -0.3 | 0.4 | -0.9 | -1.4 | -2.7 | 1.3 | -1.2 | 4.9 | 8.4 | 17 |
| YoY Gr. | - | NA | NA | -300% | NA | NA | NA | -193.9% | NA | 71.7% | - |
| BVPS (₹) ⓘ | 6.6 | 6.4 | 6.8 | 5.9 | 4.6 | 5.4 | 12.4 | 13.1 | 18 | 214.5 | 232.5 |
| Adj Net Profit ⓘ | -0.1 | -0.1 | 0.1 | -0.3 | -0.4 | -0.8 | 0.4 | -0.4 | 1.5 | 30.2 | 63 |
| Cash Flow from Ops. ⓘ | -0.2 | -0.1 | -0.1 | -0.4 | 0.2 | 1.1 | -6.1 | 3.2 | 17.2 | -160 | - |
| Debt/CF from Ops. ⓘ | -10.1 | -24.8 | -8.3 | -3.1 | 9.5 | 0.1 | -0.1 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 50.6% | 227.1% | 1888.4% | 434.9% | ||||
| Adj EPS ⓘ | NA | NA | 85.5% | 71.7% | ||||
| BVPSⓘ | 47.3% | 115.9% | 158.6% | 1093.2% | ||||
| Share Price | 35.7% | 110.2% | 110.7% | 55.7% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -6.9 | -3.8 | 6.4 | -13.2 | -24.9 | -52.1 | 14.5 | -9.5 | 31 | 7.7 | 7.6 |
| Op. Profit Mgn % ⓘ | -9.5 | -28.4 | -33.1 | -32.9 | -154.9 | -94.5 | -3517.2 | -4049.6 | 3.8 | 25.3 | 33 |
| Net Profit Mgn % ⓘ | -3.7 | -4.8 | 16.9 | -22 | -95.2 | -52.1 | 1642.4 | -2805.9 | 5 | 19.2 | 29.6 |
| Debt to Equity ⓘ | 0.9 | 0.7 | 0.5 | 0.8 | 1.1 | 0.1 | 0.2 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 522 | 1,436 | 2,623 | 1,460 | 3,910 | 1,382 | 88,044 | 66,185 | 236 | 307 | 416 |
| Cash Conv. Cycle ⓘ | 177 | 752 | -415 | -1,027 | 2,757 | 697 | 26,182 | 8,413 | -2 | 164 | 387 |
Valuation of Onix Solar Energy - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 21.81 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'25 | Mar'26 |
|---|---|---|
| Sales | 29 | 165 |
| Operating Expenses ⓘ + | 28 | 119 |
| Operating Profit ⓘ | 1 | 47 |
| Operating Profit Margin (%) | 3.8% | 28.1% |
| Other Income ⓘ + | 0 | 1 |
| Interest ⓘ | 0 | 3 |
| Depreciation ⓘ | 0 | 0 |
| Profit Before Tax ⓘ | 2 | 45 |
| Tax ⓘ | 0 | 13 |
| Profit After Tax | 1 | 31 |
| PAT Margin (%) | 5.0% | 19.0% |
| Adjusted EPS (₹) | 4.9 | 8.7 |
| Dividend Payout Ratio (%) | 0% | 0% |
| PARTICULARS | Mar'25 | Mar'26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 5 | 774 | |||||||||
| Debt + | 0 | 57 | |||||||||
| Minority Interest | 0 | 0 | |||||||||
| Trade Payables | 1 | 19 | |||||||||
| Others Liabilities ⓘ | 33 | 15 | |||||||||
| Total Liabilities ⓘ | 39 | 865 | |||||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 0 | 460 | |||||||||
| CWIP ⓘ | 0 | 0 | |||||||||
| Investments ⓘ | 0 | 83 | |||||||||
| Inventories | 0 | 77 | |||||||||
| Trade Receivables | 0 | 119 | |||||||||
| Cash Equivalents | 2 | 2 | |||||||||
| Others Assets ⓘ | 37 | 124 | |||||||||
| Total Assets ⓘ | 39 | 865 | |||||||||
| PARTICULARS | Mar'25 | Mar'26 |
|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 17 | -236 |
| Cash Flow From Investing Activity ⓘ + | -19 | -82 |
| Cash Flow From Financing Activity ⓘ + | 0 | 318 |
| Net Cash Flow ⓘ | -2 | 0 |
| PARTICULARS | Mar'25 | Mar'26 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 27.07 | 8.08 | ||||||||
| ROCE (%) | 28.4 | 11.34 | ||||||||
| Asset Turnover Ratio | 0.75 | 0.37 | ||||||||
| PAT to CFO Conversion(x) | 17 | -7.61 | ||||||||
| Working Capital Days | ||||||||||
| Receivable Days | 3.90 | 131.20 | ||||||||
| Inventory Days | 0 | 170.30 | ||||||||
| Payable Days | 12 | 34 | ||||||||
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Onix Solar Energy Ltd FAQs
The current trading price of Onix Solar Energy on 21-Oct-2026 16:59 is ₹342.4.
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 20-Oct-2026 the market cap of Onix Solar Energy stood at ₹1,325.2 Cr
The latest P/E ratio of Onix Solar Energy as of 20-Oct-2026 is 21.11.
The latest P/B ratio of Onix Solar Energy as of 20-Oct-2026 is 1.55.
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 ₹212 ( 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 Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Onix Solar Energy Ltd is likely to Rise-somewhat 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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