Onix Solar

Why is Onix Solar Energy Ltd falling/rising?

As of 18-Aug, Onix Solar Energy Ltd's stock price is at 356.65, down 48.6% from a significant decline. Despite this downturn, recent gains and increased delivery volume indicate potential investor optimism.

As of 18-Aug, Onix Solar Energy Ltd's stock price is currently at 356.65, reflecting a significant decline of 337.2 points or 48.6%. This drop indicates a sharp decrease in the stock's value. Over the past year, the stock has shown a positive return of 52.61%, but year-to-date, it has fallen by 31.08%, which suggests a recent downturn in performance compared to the broader market, as the Sensex has only declined by 9.37% in the same period.<BR><BR>Despite the current decline, there are some indicators of potential recovery. The stock has been gaining for the last day, with a recent rise of 42.6% in returns during this period. Additionally, the stock's delivery volume has increased significantly, with a rise of 341.2% against the 5-day average, indicating heightened investor interest. However, the stock's performance relative to its moving averages shows mixed signals; it is higher than the 100-day and 200-day moving averages but lower than the 5-day, 20-day, and 50-day moving averages.<BR><BR>Overall, while Onix Solar Energy Ltd is currently experiencing a notable decline in its stock price, the recent increase in delivery volume and short-term gains may suggest some investor optimism, albeit overshadowed by the substantial drop in price.

Which are the latest news on Onix Solar?

Should I buy, sell or hold Onix Solar Energy Ltd?

Are Onix Solar latest results good or bad?

Onix Solar's latest results show impressive revenue growth of 17,284.62% year-over-year, but declining profit margins and high valuations raise concerns about sustainability and profitability. Investors should be cautious given the stock's recent volatility and the challenges in maintaining margins.

Onix Solar's latest results present a mixed picture. On one hand, the company has demonstrated remarkable revenue growth, with net sales surging 17,284.62% year-over-year in Q2 FY26, reflecting a strong push into non-ferrous metals trading. The net profit also increased by 57.81% quarter-over-quarter to ₹1.01 crores, indicating some positive momentum.<BR><BR>However, there are significant concerns regarding profitability and sustainability. The PAT margin has decreased to 2.23% from 2.75% in the previous quarter, suggesting that while revenue is growing, the company is struggling to maintain profitability as it scales. Additionally, the operating profit margin remains low at 2.74%, down from higher levels in previous quarters.<BR><BR>The stock has faced substantial volatility, with a 19.57% decline over the past month, raising questions about its valuation, which is extremely high compared to industry peers. The price-to-earnings ratio of 248.37x and price-to-book ratio of 111.36x indicate that the market is pricing in extraordinary future growth that may be difficult to achieve.<BR><BR>In summary, while Onix Solar shows impressive revenue growth, the declining margins and extreme valuations suggest a cautious outlook. Investors should weigh the potential for continued growth against the risks of margin compression and valuation sustainability.

How has been the historical performance of Onix Solar?

Onix Solar experienced significant growth in the fiscal year ending March 2025, with net sales and total operating income reaching 29.39 Cr, up from 0.01 Cr in the previous year. The company reported a positive operating profit of 1.12 Cr, profit before tax of 1.52 Cr, and profit after tax of 1.45 Cr, indicating a strong financial turnaround.

Answer:<BR>The historical performance of Onix Solar shows significant growth in net sales, particularly in the fiscal year ending March 2025, where net sales reached 29.39 Cr, a substantial increase from just 0.01 Cr in March 2024. The total operating income also surged to 29.39 Cr in March 2025, compared to 0.01 Cr the previous year. Operating profit, excluding other income, improved to 1.12 Cr in March 2025 from a loss of 0.54 Cr in March 2024, indicating a positive turnaround. Profit before tax for March 2025 was 1.52 Cr, up from 0.26 Cr in March 2024, and profit after tax reached 1.45 Cr, compared to 0.21 Cr in the prior year. The earnings per share (EPS) also saw a rise to 7.32 in March 2025 from 1.06 in March 2024. <BR><BR>Breakdown:<BR>Onix Solar's financial trajectory has demonstrated remarkable improvement, particularly in the latest fiscal year. The net sales skyrocketed to 29.39 Cr in March 2025, marking a dramatic increase from the previous years, where figures were significantly lower, indicating a strong market presence. The total operating income mirrored this growth, reaching 29.39 Cr, while total expenditure, excluding depreciation, was 28.27 Cr, reflecting a well-managed cost structure. The operating profit margin turned positive at 3.81% in March 2025, a stark contrast to the negative margins observed in earlier years. Profit before tax and profit after tax also showed positive figures of 1.52 Cr and 1.45 Cr respectively, highlighting the company's ability to generate profit. The balance sheet reflects a total asset value of 39.36 Cr and total liabilities of 39.36 Cr, indicating a balanced financial position. Cash flow from operating activities was strong at 17.00 Cr, although cash flow from investing activities was negative at -19.00 Cr, leading to a net cash outflow of 2.00 Cr by March 2025. Overall, Onix Solar's financial performance indicates a significant recovery and growth trajectory in recent years.

When is the next results date for Onix Solar?

Onix Solar will announce its results on 29 November 2025.

Onix Solar will declare its results on 29 November 2025.

Is Onix Solar technically bullish or bearish?

As of November 17, 2025, Onix Solar's technical trend is bearish with moderate strength, indicated by a bearish MACD and moving averages, despite a mildly bullish signal from Bollinger Bands on the monthly chart, and a 17.1% decline over the past month reinforces this outlook.

As of 17 November 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance for Onix Solar is bearish with moderate strength. Key indicators driving this stance include a bearish MACD on the weekly chart, bearish moving averages on the daily chart, and a bearish KST on the weekly chart. The Bollinger Bands indicate a mildly bullish trend on the monthly chart, but this is overshadowed by the overall bearish signals. The stock has also shown a significant decline of 17.1% over the past month, further supporting the bearish outlook.

Is Onix Solar overvalued or undervalued?

As of October 16, 2025, Onix Solar is considered very expensive and significantly overvalued, with a PE ratio of 315.21 and an EV to EBIT ratio of 317.14, despite a strong 1-year stock return of 270.23%, indicating a disconnect between its market price and earnings potential compared to industry peers.

As of 16 October 2025, Onix Solar's valuation grade has moved from expensive to very expensive, indicating a significant increase in perceived overvaluation. The company is currently assessed as overvalued, with a PE ratio of 315.21, an EV to EBIT ratio of 317.14, and a Price to Book Value of 141.45. These ratios starkly contrast with peers such as Hindustan Zinc, which has a PE ratio of 20.77, and Vedanta, with a PE ratio of 14.20, highlighting the extreme valuation of Onix Solar in comparison to its industry counterparts.<BR><BR>Despite its impressive return performance, with a 1-year stock return of 270.23% compared to the Sensex's 2.41%, the underlying financial metrics suggest that the company's stock price is not justified by its earnings potential. The high EV to Sales ratio of 10.28 further emphasizes the disconnect between market price and fundamental value, reinforcing the conclusion that Onix Solar is significantly overvalued in the current market environment.

How big is Onix Solar?

As of 24th July, Onix Solar Energy Ltd has a market capitalization of 88.00 Cr, with recent net sales of 29.13 Cr and a net profit of 2.05 Cr. The company reported shareholder's funds of 3.96 Cr and total assets of 4.03 Cr for the period ending March 2024.

As of 24th July, Onix Solar Energy Ltd has a market capitalization of 88.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Onix Solar reported Net Sales of 29.13 Cr and a Net Profit of 2.05 Cr.<BR><BR>For the reporting period of March 2024, the company had Shareholder's Funds amounting to 3.96 Cr and Total Assets of 4.03 Cr.

What does Onix Solar do?

Onix Solar Energy Ltd trades non-ferrous metals and operates in the micro-cap market, with net sales of 233 Cr and a net profit of 6 Cr for the quarter ending March 2025. The company has a market cap of INR 78 Cr and a P/E ratio of 65.00.

Overview:<BR>Onix Solar Energy Ltd is engaged in the trading of non-ferrous metals and operates within the micro-cap market segment.<BR><BR>History:<BR>The company was incorporated in 1980 and was formerly known as Brassco Extrusions Limited. The latest quarterly results reported net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 233 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 6 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: INR 78 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 65.00<BR>- Industry P/E: 16<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -0.93<BR>- Return on Equity: 30.80%<BR>- Price to Book: 19.72<BR><BR>Contact Details:<BR>Address: 1 Mahesh Villa B G Kher Road, Worli Mumbai Maharashtra : 400018<BR>Tel: 91-022-24935508/24938697<BR>Email: swati@abcgas.co.in<BR>Website: http://www.abcgas.co.in

Who are the top shareholders of the Onix Solar?

The top shareholder of Onix Solar is Gopalkumar Bhikhalal Baldha, with a 9.72% stake, while individual investors collectively hold about 84.06%. Notably, Shyamlal Prasad Shorewala is the promoter with a 0.0% holding, and there are no mutual funds or foreign institutional investors involved.

The top shareholders of Onix Solar include Gopalkumar Bhikhalal Baldha, who holds the highest public shareholding at 9.72%. The majority of the company's shares, approximately 84.06%, are held by individual investors. Additionally, Shyamlal Prasad Shorewala is noted as the promoter with the highest holding, although his stake is recorded at 0.0%. There are no mutual funds or foreign institutional investors holding shares in the company.

Who are the peers of the Onix Solar?

Onix Solar's peers include Sizemasters Tech, La Tim Metal & I, Aeonx Digital, and Palco Metals Ltd, among others. While Onix Solar has below-average management risk and capital structure, it boasts a high 1-year return of 318.46%, outperforming its peers.

Peers: The peers of Onix Solar are Sizemasters Tech, La Tim Metal & I, Aeonx Digital, Palco Metals Ltd, Sudal Industries, Bonlon Industrie, Sacheta Metals, Nanavati Venture, Sagardeep Alloys, and Madhav Copper.<BR><BR>Quality Snapshot: Excellent management risk is observed at Palco Metals Ltd, while Average management risk is found at Sizemasters Tech, La Tim Metal & I, Aeonx Digital, and the rest. Below Average management risk is noted for Onix Solar, Sudal Industries, Bonlon Industrie, Sacheta Metals, Nanavati Venture, Sagardeep Alloys, and Madhav Copper. Growth is Excellent at Palco Metals Ltd, Good at Sizemasters Tech, Onix Solar, Sudal Industries, Bonlon Industrie, and the rest, while Below Average growth is seen at La Tim Metal & I, Aeonx Digital, Sacheta Metals, Sagardeep Alloys, and Madhav Copper. Capital Structure is Good at Palco Metals Ltd, Average at Sacheta Metals and Sizemasters Tech, and Below Average at Onix Solar, Sudal Industries, Bonlon Industrie, La Tim Metal & I, Aeonx Digital, Nanavati Venture, Sagardeep Alloys, and Madhav Copper.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Palco Metals Ltd at 163.03%, while the lowest is La Tim Metal & I at -41.10%. Onix Solar's 1-year return of 318.46% is significantly higher than both. Additionally, La Tim Metal & I, and Sagardeep Alloys have negative six-month returns.

Who are in the management team of Onix Solar?

As of March 2022, the management team of Onix Solar includes S P Shorewala (Chairman & Director), Rohith Shorewala (Whole-time Director), Neelam Shorewala (Non-Executive Director), Yash Ratanlal Mardia and Akhilesh Ashwini Singhal (Non-Executive Independent Directors), and Padma Tapariya (Company Secretary & Compliance Officer). They oversee the company's governance and operations.

As of March 2022, the management team of Onix Solar includes the following individuals:<BR><BR>1. S P Shorewala - Chairman & Director<BR>2. Rohith Shorewala - Whole-time Director<BR>3. Neelam Shorewala - Non-Executive & Non-Independent Director<BR>4. Yash Ratanlal Mardia - Non-Executive & Independent Director<BR>5. Akhilesh Ashwini Singhal - Non-Executive & Independent Director<BR>6. Padma Tapariya - Company Secretary & Compliance Officer<BR><BR>These members play various roles in the governance and operational oversight of the company.

Has Onix Solar declared dividend?

No Dividend History Available