Onix Solar Energy Ltd - Stock Valuation and Financial Performance

BSE: 513119 | NSE: | Metal - Non Ferrous | Small Cap

Onix Solar Energy Share Price

172.25 8.20 5.00%
as on 20-Dec'24 16:59

DeciZen - make an informed investing decision on Onix Solar Energy

M-Cap below 100cr DeciZen not available

Onix Solar Energy stock performance -

mw4me loader
P/E Ratio (SA):
54.39
Market Cap:
34.1 Cr.
52-wk low:
49.6
52-wk high:
172.3

Is Onix Solar Energy Ltd an attractive stock to invest in?

1. Is Onix Solar Energy Ltd a good quality company?

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

2. Is Onix Solar Energy Ltd undervalued or overvalued?

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

3. Is Onix Solar Energy Ltd a good buy now?

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.

10 Year X-Ray of Onix Solar Energy:

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

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 8.5%-5.2%-3.1%-3%5.1%-8.6%-13.7%16.6%79%6.5%-
Value Creation
Index
-0.4-1.4-1.2-1.2-0.6-1.6-2.00.24.6-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4.12.341.60.81.20.41.5000
Sales YoY Gr.--42.5%68.8%-60%-51.3%50.7%-63.8%266.7%-98.7%-50%-
Adj EPS 0.7-1.2-0.7-0.40.7-1.3-2-42-1.93.2
YoY Gr.--283.1%NANANA-298.5%NANANA-193.9%-
BVPS (₹) 11.710.69.99.610.396.98.218.719.820.7
Adj Net
Profit
0.1-0.2-0.1-0.10.1-0.3-0.4-0.80.4-0.41
Cash Flow from Ops. -0.30.1-0.2-0.1-0.1-0.40.21.1-6.13.2-
Debt/CF from Ops. -6.439.6-10.1-24.8-8.3-3.19.50.1-0.10-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -48.7%-58.1%-71.2%-50%
Adj EPS -212.4%-223.4%NA-193.9%
BVPS6%14%42.1%5.7%
Share Price 26.3% 88.3% 136.6% 223.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
5.5-10.4-6.9-3.86.4-13.2-24.9-52.114.5-9.515.7
Op. Profit
Mgn %
-1.9-14-9.5-28.4-33.1-32.9-154.9-94.5-3517.2-4049.6-32
Net Profit
Mgn %
3.2-10.1-3.7-4.816.9-22-95.2-52.11642.4-2805.9156.9
Debt to
Equity
0.70.90.90.70.50.81.10.10.200
Working Cap
Days
6177765221,4362,6231,4603,9101,38288,04466,185659
Cash Conv.
Cycle
110352177752-415-1,0272,75769726,1828,413647

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.60%

Sales growth has been subdued in last 3 years -71.23%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Onix Solar Energy Ltd.

Standalone Consolidated
TTM EPS (₹) 3.2 -
TTM Sales (₹ Cr.) 0.4 -
BVPS (₹.) 20.7 -
Reserves (₹ Cr.) 2 -
P/BV 8.30 -
PE 54.39 -
From the Market
52 Week Low / High (₹) 49.60 / 172.25
All Time Low / High (₹) 0.45 / 164.05
Market Cap (₹ Cr.) 34.1
Equity (₹ Cr.) 2
Face Value (₹) 10
Industry PE 17.5

Management X-Ray of Onix Solar Energy:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Onix Solar Energy

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales4.072.343.951.580.771.160.421.540.020.01
Operating Expenses 4.142.674.322.031.021.551.092.990.860.54
Manufacturing Costs0.080.070.050.040.030.080.020.120.010
Material Costs3.632.243.921.390.641.150.371.560.010.07
Employee Cost 0.180.150.110.110.100.110.070.090.070.09
Other Costs 0.250.220.240.480.250.200.631.220.780.38
Operating Profit -0.08-0.33-0.37-0.45-0.26-0.38-0.67-1.45-0.84-0.53
Operating Profit Margin (%) -1.9%-14.0%-9.5%-28.4%-33.4%-32.9%-157.0%-94.5%-3,517.2%-4,049.6%
Other Income 0.450.160.300.380.450.150.290.350.820.01
Interest 0.160.020.010.010000.130.020.01
Depreciation 0.060.060.060.040.030.030.030.020.030.03
Exceptional Items 0.020.020.0200001.502.420.83
Profit Before Tax 0.17-0.23-0.13-0.110.16-0.26-0.410.252.360.26
Tax 0.01-0.01-0.01-0.040.03-0.01000.270.05
Profit After Tax 0.16-0.22-0.12-0.060.13-0.26-0.410.252.090.21
PAT Margin (%) 3.8%-9.4%-3.1%-4.1%16.6%-22.0%-97.1%16.4%8,744.4%1,603.1%
Adjusted EPS (₹)0.8-1.1-0.6-0.30.7-1.3-2.11.310.61.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 2.392.152.011.952.081.821.411.663.753.96
Share Capital 1.981.981.981.981.981.981.981.981.981.98
Reserves 0.410.170.03-0.030.10-0.16-0.57-0.321.771.98
Minority Interest0000000000
Debt1.631.821.671.331.021.331.520.120.580
Long Term Debt0.02000000000
Short Term Debt1.611.821.671.331.021.331.520.120.580
Trade Payables1.601.503.223.221.881.581.760.150.170.06
Others Liabilities 0.390.210.200.170.150.170.175.470.240.02
Total Liabilities 6.015.697.106.665.124.904.867.394.744.04

Fixed Assets

Gross Block0.800.800.810.810.760.780.670.680.380.38
Accumulated Depreciation0.410.470.530.560.550.580.510.540.190.36
Net Fixed Assets0.390.330.280.250.220.200.160.140.190.02
CWIP 0000000000
Investments 0.080.080.080.080.080.080.080.080.080
Inventories4.413.512.132.371.830.680.690.360.350.27
Trade Receivables0.461.214.183.722.823.793.732.7600
Cash Equivalents 0.060.130.050.050.060.080.090.060.033.70
Others Assets0.610.430.370.190.110.070.103.984.080.05
Total Assets 6.015.697.106.665.124.904.867.394.744.04

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -0.260.05-0.17-0.05-0.12-0.430.161.13-6.143.20
PBT 0.17-0.23-0.15-0.110.16-0.26-0.410.252.360.26
Adjustment -0.230.02-0.23-0.25-0.42-0.110.69-1.05-3.20-0.78
Changes in Working Capital -0.210.250.240.290.15-0.1-0.111.97-5.253.92
Tax Paid 00-0.030.02-0.020.04-0.02-0.04-0.05-0.19
Cash Flow From Investing Activity 0.200.030.240.390.450.13-0.330.375.661.05
Capex -0.070-0.0100-0.01-0.0105.530.14
Net Investments 0000000000.91
Others 0.270.030.250.390.450.14-0.310.370.130
Cash Flow From Financing Activity -0.010-0.15-0.34-0.320.320.18-1.530.45-0.59
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000-0.01-0.01-0.01
Dividend Paid 0000000000
Others -0.010-0.15-0.34-0.320.320.18-1.520.46-0.58
Net Cash Flow -0.070.07-0.0800.010.020.02-0.03-0.033.66
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)6.93-10.01-6.1-3.316.49-13.47-26.1416.8578.545.51
ROCE (%)8.5-5.21-3.14-2.985.08-8.56-13.6816.5678.976.53
Asset Turnover Ratio0.550.430.650.240.130.230.090.2500
PAT to CFO Conversion(x)-1.63N/AN/AN/A-0.92N/AN/A4.52-2.9415.24
Working Capital Days
Receivable Days651222388761,5551,0373,24577200
Inventory Days4515782494999983945921255,4008,664
Payable Days3062532208421,4445471,6632245,249559

Onix Solar Energy Ltd Stock News

Onix Solar Energy Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Onix Solar Energy on 20-Dec-2024 16:59 is ₹172.2.
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-Dec-2024 16:59 the market cap of Onix Solar Energy stood at ₹34.11.
The latest P/E ratio of Onix Solar Energy as of 20-Dec-2024 16:59 is 54.39.
The latest P/B ratio of Onix Solar Energy as of 20-Dec-2024 16:59 is 8.30.
The 52-week high of Onix Solar Energy is ₹172.2 and the 52-week low is ₹49.60.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Onix Solar Energy is ₹0.40 ( Cr.) .

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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