Arthneeti

Onix Solar Energy Q4 FY26 Share Price & Earnings Call Analysis

₹307.75-4.90% today
Market cap
₹1,135 Cr
P/E
33.66
ROE
8.08%
Price to sales
6.86
Debt to equity
0.07
52W high / low
₹782 / ₹150
EBITDA margin
28.12%
Net profit margin
19.03%
Promoter holding
53.15%
Sales (last year)
₹165 Cr

Incorporated in 1980, Onix Solar Energy Ltd is in the business of renewable energy solutions.[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Non - Ferrous Metals
on management's own guidance

  1. Hindustan ZincGood growth
    2
  2. Dec.Gold MinesGood growth
    1
  3. Hindalco Inds.Good growth
    3
See all potential multibaggersWhere does Onix Solar rank?

Portfolio builder

Build your portfolio
from the top-ranked stocks

  1. 1. Pick 3–15 stocks
  2. 2. Choose large, mid or small cap and your sectors
  3. 3. Get a portfolio built from the rankings
Build my portfolio

Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Non - Ferrous Metals companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Dec.Gold Mines20–40%Up 0–2%₹3,217 Cr—
2Hindustan Zinc20–40%Flat₹2.14L Cr10.4
3Hindalco Inds.20–40%Flat₹1.99L Cr9.6
420–40%Flat₹1.39L Cr9.3
520–40%Flat₹57,846 Cr8.6
620–40%Flat₹487 Cr17.6

Sign up free to see every company in the sector ranking and track Onix Solar.

Pro shows every company guiding 40%+ revenue growth →Full Non - Ferrous Metals ranking

Financials of Onix Solar

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Onix Solar

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +0000000572345431670
Expenses +000000052234444245
Operating Profit-0-0-0-0-0-00511-11425
OPM %-1,600%-23%38%9%3%3%-1%88%36%
Other Income +0000100100000
Interest0000000000000
Depreciation0000000000000
Profit before tax-0-0-0-0100611-11426
Tax %128%0%0%19%2%0%0%0%10%31%36%0%0%
Net Profit +-0-0-0-0100611-11426
EPS in Rs-1.17-0.26-0.40-0.571.800.110.4317.891.832.66-2.173.906.96

Financials of Onix Solar

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +424211020029157
Expenses +434212130128117
Operating Profit-0-0-0-0-0-0-1-1-0-1140
OPM %-2%-14%-9%-28%-34%-33%-157%-94%-750%-5,300%4%25%
Other Income +000000023101
Interest000000000000
Depreciation000000000000
Profit before tax0-0-0-00-0-0020240
Tax %6%-4%-8%-36%19%-4%0%0%11%19%5%0%
Net Profit +0-0-0-00-0-0020140
EPS in Rs0.46-0.63-0.34-0.170.37-0.74-1.170.715.970.604.1410.89
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Financials of Onix Solar

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital2222222222225
Reserves000-00-0-1-0223759
Borrowings +222111201000
Other Liabilities +22332226003421
Total Liabilities667755575439805
Fixed Assets +000000000000
CWIP000000000000
Investments000000000000
Other Assets +657655574439805
Total Assets667755575439805

Financials of Onix Solar

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-00-0-0-0-001-6317-739
Cash from Investing Activity +000000-0061-191
Cash from Financing Activity +-00-0-0-000-20-10739
Net Cash Flow-00-00000-0-04-20
Free Cash Flow-00-0-0-0-001-13-2-739
CFO/OP325%-15%38%16%38%124%-27%-81%4,060%-640%1,597%-1,861%

Financials of Onix Solar

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days411893868591,3371,1933,242654004222
Inventory Days4435721986221,0442166818512,7751,4080219
Days Payable1612443008461,0725011,736356,20526170
Cash Conversion Cycle3245162856361,3089072,1867046,5701,1474371
Working Capital Days17025314436381145690432560,9558,760471,814
ROCE %8%-6%-4%-3%5%-8%-13%-48%-1%-14%32%10%
18out of 100

Momentum score · price trend

18 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+52.7%87%
Last 6 months−41.2%2%
Last 3 months−41.0%1%

The price is 50.8% below its all-time high of ₹769.18 (11 May 2026). Stocks more than 20% below their peak have their score halved, so 36 became 18.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Onix Solar: 0.4 × 87 + 0.4 × 2 + 0.2 × 1 = 36, halved to 18 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 16 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Onix Solar's management said in earlier quarters

Others in Non - Ferrous Metals this season

  • National Aluminium Company (Q2 FY27)

    Revenue from Operations for the quarter ended 30-09-2026: ₹5,419.44 crore (Unaudited) . Key investor presentation takeaways from National Aluminium Company Ltd'

  • MMP Industries (Q2 FY27)

    Q2FY27 Revenue From Operations: Rs 252.7 Cr, up 35% YoY from Rs 187.7 Cr in Q2FY26 (Page 10). Key investor presentation takeaways from MMP Industries Ltd's Q2 F

  • Vedanta Aluminium Metal (Q2 FY27)

    Captive alumina to increase from 40% to around 75% by year-end, improving raw material security and reducing costs. Key concall takeaways from Vedanta…

  • Hindustan Zinc (Q2 FY27)

    Q2 FY27 capex: INR1,900 crores (INR1,200 crores sustaining; INR700 crores growth capex). Key concall takeaways from Hindustan Zinc Ltd's Q2 FY27 earnings call…

Compare:vs Hindustan Zincvs Hindalco Industriesvs Vedanta Aluminium Metal