Onix Solar

Why is Onix Solar Energy Ltd falling/rising?

As of 01-Sep, Onix Solar Energy Ltd's stock price is rising to Rs 347.85, up 5.0%, driven by strong recent performance, increased investor interest, and solid financial fundamentals. The stock has gained 25.19% over the past week, significantly outperforming the benchmark Sensex.

As of 01-Sep, Onix Solar Energy Ltd's stock price is rising, currently at Rs 347.85, reflecting an increase of Rs 16.55 or 5.0%. This upward movement can be attributed to several factors. Firstly, the stock has shown a remarkable performance over the past week, gaining 25.19%, significantly outperforming the benchmark Sensex, which declined by 0.92% during the same period. Additionally, the stock has been on a consecutive gain streak for the last five days, indicating strong positive momentum.<BR><BR>Investor participation has also increased, with a delivery volume of 6.59 lacs on August 31, which is up by 16.15% compared to the five-day average. This suggests growing interest and confidence among investors. Furthermore, the stock's performance today has outperformed its sector by 5.08%, reinforcing its strong market position.<BR><BR>The company's financial health supports this rise, with a low Debt to EBITDA ratio of -0.89 times, indicating a strong ability to service debt. The company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 90.90%. Notably, the company reported very positive results in March, with net sales reaching their highest at Rs 70.30 crore and a significant growth in profit after tax.<BR><BR>Overall, the combination of strong recent performance, increased investor participation, and solid financial fundamentals contributes to the rising stock price of Onix Solar Energy Ltd.

Who are in the management team of Onix Solar?

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

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>This team is responsible for overseeing the company's operations and strategic direction.

What does Onix Solar do?

No Company Information Available

Who are the peers of the Onix Solar?

Onix Solar's peers include Pondy Oxides, Arfin India, Bhagyanagar Ind, Maan Aluminium, MMP Industries, Divine Power, Baheti Recycling, Nupur Recyclers, and Sunlite Recycli. Bhagyanagar Ind leads in 1-year returns at 337.26%, while Onix Solar has a 1-year return of 38.04% and an excellent capital structure.

Peers: The peers of Onix Solar are Pondy Oxides, Arfin India, Bhagyanagar Ind, Maan Aluminium, MMP Industries, Divine Power, Baheti Recycling, Nupur Recyclers, and Sunlite Recycli.<BR><BR>Quality Snapshot: Excellent management risk is observed at Pondy Oxides, while Average management risk is found at Arfin India, Maan Aluminium, MMP Industries, Divine Power, Baheti Recycling, Sunlite Recycli, and Onix Solar. Below Average management risk is noted for Bhagyanagar Ind and Nupur Recyclers. Excellent growth is seen at Bhagyanagar Ind, Divine Power, Baheti Recycling, and Sunlite Recycli, while Good growth is attributed to Onix Solar and Average growth is found at Arfin India, Maan Aluminium, and MMP Industries. Below Average growth is observed at Nupur Recyclers. Excellent capital structure is noted for Onix Solar, while Good capital structure is seen at Pondy Oxides, Maan Aluminium, and MMP Industries. Below Average capital structure is found at Arfin India, Bhagyanagar Ind, Divine Power, Baheti Recycling, and Nupur Recyclers.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Bhagyanagar Ind at 337.26%, while MMP Industries, Divine Power, Baheti Recycling, Nupur Recyclers, and Sunlite Recycli have a 1-year return of 0.00%, marking the lowest. Onix Solar's 1-year return of 38.04% is significantly lower than Bhagyanagar Ind's but higher than the peers with zero returns. Additionally, Maan Aluminium and Onix Solar have negative six-month returns.

How big is Onix Solar?

As of 31st August, Onix Solar Energy Ltd has a market capitalization of 1,221.00 Cr, with recent net sales of 174.99 Cr and a net profit of 40.21 Cr. Shareholder's funds are 5.42 Cr, and total assets are valued at 39.36 Cr as of March 2025.

As of 31st August, Onix Solar Energy Ltd has a market capitalization of 1,221.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Onix Solar reported Net Sales of 174.99 Cr and a Net Profit of 40.21 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, where Shareholder's Funds amounted to 5.42 Cr and Total Assets were valued at 39.36 Cr.

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.

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.

Has Onix Solar declared dividend?

No Dividend History Available