Onix Solar Share Price & Earnings Call Analysis

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%

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