Onix Solar Energy Ltd

Onix Solar Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Onix Solar Energy Ltd

₹ 271 -1.99%
17 Apr - close price
abcgas.co.in BSE: 513119
About

Incorporated in 1980, Onix Solar Energy is in the business of Trading in Non-Ferrous Metals[1]

Key Points

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

Website BSE
  • Market Cap ₹ 53.7 Cr.
  • Current Price ₹ 271
  • High / Low ₹ 472 / 53.0
  • Stock P/E 83.9
  • Book Value ₹ 21.0
  • Dividend Yield 0.00 %
  • ROCE -13.5 %
  • ROE -15.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 12.9 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -58.0% over past five years.
  • Company has a low return on equity of -24.1% over last 3 years.

* 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.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Figures in Rs. Crores

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
0.01 0.01 0.02 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.26 0.13 5.73
0.11 1.02 0.10 -0.37 0.27 0.17 0.07 0.13 0.17 0.18 0.32 0.08 5.21
Operating Profit -0.10 -1.01 -0.08 0.37 -0.27 -0.17 -0.07 -0.13 -0.16 -0.18 -0.06 0.05 0.52
OPM % -1,000.00% -10,100.00% -400.00% -1,600.00% -23.08% 38.46% 9.08%
0.09 1.60 0.06 2.50 0.00 0.00 0.00 0.00 0.01 0.83 0.10 0.10 0.11
Interest 0.00 0.13 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.01 0.01 0.01 0.00 0.01 0.01 0.01 0.00 0.00 0.00
Profit before tax -0.01 0.46 -0.03 2.86 -0.28 -0.18 -0.08 -0.14 -0.16 0.64 0.04 0.15 0.63
Tax % 0.00% 0.00% 0.00% 0.00% 14.29% 127.78% 0.00% 0.00% 18.75% 1.56% 0.00% 0.00% 0.00%
-0.02 0.46 -0.04 2.86 -0.32 -0.41 -0.09 -0.14 -0.20 0.63 0.04 0.15 0.63
EPS in Rs -0.10 2.32 -0.20 14.44 -1.62 -2.07 -0.45 -0.71 -1.01 3.18 0.20 0.76 3.18
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
14.80 2.66 4.07 2.34 3.95 1.58 0.77 1.16 0.42 1.54 0.02 0.01 6.12
14.84 2.54 4.15 2.67 4.32 2.02 1.03 1.54 1.08 2.99 0.17 0.54 5.79
Operating Profit -0.04 0.12 -0.08 -0.33 -0.37 -0.44 -0.26 -0.38 -0.66 -1.45 -0.15 -0.53 0.33
OPM % -0.27% 4.51% -1.97% -14.10% -9.37% -27.85% -33.77% -32.76% -157.14% -94.16% -750.00% -5,300.00% 5.39%
0.29 0.30 0.47 0.18 0.31 0.38 0.45 0.15 0.28 1.85 2.56 0.83 1.14
Interest 0.04 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 0.01 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 0.20 0.17 -0.23 -0.13 -0.11 0.16 -0.26 -0.41 0.25 2.36 0.26 1.46
Tax % 20.00% 20.00% 5.88% -4.35% -7.69% -36.36% 18.75% -3.85% 0.00% 0.00% 11.44% 19.23%
0.16 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 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: -43%
5 Years: -58%
3 Years: -71%
TTM: 61100%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -21%
TTM: 176%
Stock Price CAGR
10 Years: 32%
5 Years: 124%
3 Years: 178%
1 Year: 354%
Return on Equity
10 Years: -12%
5 Years: -22%
3 Years: -24%
Last Year: -16%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
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 1.98
Reserves 0.13 0.29 0.41 0.17 0.03 -0.03 0.10 -0.16 -0.57 -0.32 1.77 1.98 2.17
0.52 1.54 1.63 1.84 1.67 1.33 1.02 1.33 1.52 0.12 0.57 0.00 0.00
19.81 5.06 1.99 1.70 3.42 3.38 2.02 1.74 1.93 5.61 0.34 0.07 0.07
Total Liabilities 22.44 8.87 6.01 5.69 7.10 6.66 5.12 4.89 4.86 7.39 4.66 4.03 4.22
0.17 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 0.00
Investments 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.00 0.00
22.19 8.40 5.54 5.28 6.74 6.33 4.82 4.61 4.62 7.17 4.39 4.01 4.21
Total Assets 22.44 8.87 6.01 5.69 7.10 6.66 5.12 4.89 4.86 7.39 4.66 4.03 4.22

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0.89 -0.05 -0.26 0.05 -0.17 -0.05 -0.12 -0.43 0.16 1.13 -6.14 3.20
0.75 0.02 0.20 0.03 0.24 0.39 0.45 0.13 -0.33 0.37 5.66 1.05
-0.04 -0.02 -0.01 0.00 -0.15 -0.34 -0.32 0.32 0.18 -1.53 0.45 -0.59
Net Cash Flow -0.18 -0.05 -0.07 0.07 -0.08 0.00 0.01 0.02 0.02 -0.03 -0.03 3.66

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 394.59 134.47 41.25 188.74 386.25 859.37 1,336.75 1,192.54 3,241.55 654.16 0.00 0.00
Inventory Days 51.86 984.98 443.43 571.94 198.33 622.34 1,043.67 215.83 680.68 84.77 12,775.00 1,407.86
Days Payable 481.74 785.89 160.88 244.42 299.82 845.54 1,072.19 501.48 1,736.22 35.32 6,205.00 312.86
Cash Conversion Cycle -35.29 333.56 323.80 516.26 284.76 636.17 1,308.24 906.89 2,186.01 703.61 6,570.00 1,095.00
Working Capital Days 54.50 443.21 313.88 536.58 298.47 669.94 1,294.09 874.74 2,224.76 353.15 71,540.00 8,760.00
ROCE % 10.46% 12.11% 7.92% -5.74% -3.65% -2.87% 5.02% -8.32% -13.16% -47.56% -1.31% -13.53%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
33.09% 33.09% 31.23% 31.23% 29.93% 29.38% 29.38% 19.89% 1.21% 0.00% 0.00% 0.00%
66.91% 66.91% 68.77% 68.78% 70.08% 70.63% 70.63% 80.12% 98.79% 99.99% 100.00% 100.00%
No. of Shareholders 5,3175,3186,1746,3566,3986,5276,5916,4836,5456,1506,0455,963

Documents

Announcements

Annual reports