ABCGAS

The stock has been placed in Additional Surveillance Measure (ASM) list STASM - I.

Onix Solar Energy Ltd.

BSE: 513119

Sector: Metals & Mining

Industry Group: Non - Ferrous Metals

Industry: Copper

290.65-15.3 (-4.99%)

24 Aug, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

55.1 / 100

Value Score

43.1 / 100

Price Momentum Score

0.5 / 100

QVM Score

15.2 / 100

Key Metrics

Market Cap

1071.57

P/E (TTM)

15.39

P/B

1.37

P/S (TTM)

4.65

EV/EBITDA

15.49

CAPE (5Y)

51.96

ROE (TTM)

13.31

ROCE (TTM)

12.94

ROA (TTM)

11.88

Avg 3Y ROE

16.59

Earnings 3Y CAGR

28.40

Sales 3Y CAGR

2059.99

Sales 5Y CAGR

255.72

Debt/Equity

0.05

Consensus TP

Strong Buy %

Promoter Holding

50.22

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Onix Solar Energy Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Stock is reasonably valued and PE TTM is at a discount to industry median

PE TTM of 15.39 indicates that the stock is reasonably valued on a standalone basis. Discount to industry median P/E is decent at -55.81%

What is P/E Ratio?

Median: 34.83

Value 15.39

15.3976.7

High and improving operating margin

The company reported strong operating margin of 30.77% for 12-month ended 30 Jun 2026 and operating margin improved by 2754 bps from 1 year ago

What is Operating profit margin?

Strong revenue growth and above median growth of industry

The company delivered strong revenue growth of 210.37% for 12-month ended 30 Jun 2026 and the growth was 108.82 percentage points higher than median growth of industry

What is Sales growth (1Y)?

Median: 101.55

Value 210.37

49.1210.37

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.05 as on 30 Jun 2026 and Debt to Equity increased marginally by 0.05 in the last 1 year

What is Debt to Equity?

Negative

Weak price momentum

Price Momentum score of 0.5 indicates that the stock has weak price momentum. Research has shown that stocks with lower momentum continue to underperform in the near term

What is Price Momentum score?

0.5 / 100

Moderate ROE but declining trend

The company reported moderate ROE of 13.31% for 12-month ended 30 Jun 2026 but ROE declined by -1770 bps from 1 year ago

What is ROE (FY)?

Company's earnings are of low quality

Earnings quality score of 4.3 indicates that the company's earnings are of low quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

4.3 / 100

Low dividend yield

The company has a low dividend yield of 0.0%

What is Dividend yield?

Neutral

Strong EPS growth but lower than median growth of industry

The company delivered strong EPS growth of 78.48% for 12-month ended 30 Jun 2026 but the growth was 27.84 percentage points lower than median growth ofindustry

What is EPS growth (1Y)?

Financial Snapshot

See detailed analysis

Multi-year trends for Onix Solar Energy Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Onix Solar Energy Ltd. Shareholding Pattern

Quarterly breakdown of Onix Solar Energy Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Total Promoter	33.09	33.09	33.09	33.09	33.09	33.09	33.09	33.09	33.09	33.09	31.23	31.23	29.92	29.37	29.37	19.88	1.21	-	-	-	-	-	-	91.72	74.98	50.22
Indian Promoter	33.09	33.09	33.09	33.09	33.09	33.09	33.09	33.09	33.09	33.09	31.23	31.23	29.92	29.37	29.37	19.88	1.21	-	-	-	-	-	-	91.72	74.98	50.22
Foreign Promoter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.77	0.77
Mutual Funds / UTI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FI/Bank/Insurance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Govt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Institutions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.77	0.77
Non-Institution	66.91	66.91	66.91	66.91	66.91	66.91	66.91	66.91	66.91	66.91	68.77	68.77	70.08	70.63	70.63	80.12	98.79	100.00	100.00	100.00	100.00	100.00	100.00	8.28	24.26	49.01
Bodies Corporate	5.80	5.80	5.78	5.78	5.79	5.79	5.79	5.78	5.78	5.78	5.77	5.77	5.77	5.77	5.80	7.38	16.56	6.12	5.97	6.13	6.32	21.72	20.46	0.61	0.62	0.99
Others (incl. Retail) No. of shareholders	61.11 5,234	61.11 5,233	61.13 5,251	61.13 5,269	61.12 5,279	61.12 5,320	61.12 5,285	61.13 5,274	61.13 5,293	61.13 5,294	63.00 6,148	63.00 6,332	64.31 6,373	64.86 6,503	64.83 6,566	72.74 6,458	82.23 6,522	93.88 6,134	94.03 6,029	93.87 5,944	93.68 6,354	78.28 6,409	79.54 6,949	7.67 7,041	23.64 8,115	48.02 10,412

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Onix Solar Energy Ltd. shares as reported to NSE and BSE.

Name	Month	Transaction	Holding % pre transaction	Average price	Qty.	Transaction value
ROHITH S SHOREWALA Promoter & Director	March-2024	Market Sale (Disposal) 16th Mar 2024	0.71 %	₹ 57.00	14.00 k	₹ 7.98 lac
ROHITH S SHOREWALA Promoter & Director	March-2024	Market Sale (Disposal) 15th Mar 2024	1.22 %	₹ 58.03	10.10 k	₹ 5.86 lac
ROHITH S SHOREWALA Promoter & Director	March-2024	Market Sale (Disposal) 14th Mar 2024	1.82 %	₹ 58.00	12.01 k	₹ 6.96 lac
ROHITH S SHOREWALA Promoter & Director	March-2024	Market Sale (Disposal) 13th Mar 2024	2.33 %	₹ 60.10	10.00 k	₹ 6.01 lac
ROHITH S SHOREWALA Promoter & Director	March-2024	Market Sale (Disposal) 12th Mar 2024	3.34 %	₹ 60.38	20.00 k	₹ 12.08 lac
ROHITH S SHOREWALA Promoter & Director	March-2024	Market Sale (Disposal) 8th Mar 2024	4.35 %	₹ 60.73	20.00 k	₹ 12.15 lac
SHYAMAL PRASAD SHOREWALA Promoter & Director	March-2024	Market Sale (Disposal) 7th Mar 2024	1.26 %	₹ 63.00	24.99 k	₹ 15.74 lac
SHYAMAL PRASAD SHOREWALA Promoter & Director	March-2024	Market Sale (Disposal) 6th Mar 2024	1.32 %	₹ 60.50	1.22 k	₹ 73.63 k
SHYAMAL PRASAD SHOREWALA Promoter & Director	March-2024	Market Sale (Disposal) 6th Mar 2024	1.26 %	₹ 63.70	10.00	₹ 637.00
SHYAMAL PRASAD SHOREWALA Promoter & Director	March-2024	Market Sale (Disposal) 4th Mar 2024	3.09 %	₹ 56.50	25.00 k	₹ 14.13 lac

…

Corporate Actions

History of Onix Solar Energy Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Rights Issue(8 new shares @ ₹51 for 17 existing shares)
Ex-date: 15th May 2026Announced on: 11th May 2026
"Rights ISIN INE173M20020 CINS Y64857116 SEDOL BX9K6K3."
Rights Issue(23 new shares @ ₹546 for 103 existing shares)
Ex-date: 18th Feb 2026Announced on: 12th Feb 2026
"Rights ISIN INE173M20012 SEDOL BT5GP11 CUSIP Y64857108."

Company Profile

Overview of Onix Solar Energy Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Onix Solar Energy Limited is an India-based company, which operates in the solar energy industry. The Company is focused on generating, accumulating, distributing and supplying solar energy for its own use or for sale to governments, state electricity boards, intermediaries in power transmission/ di...

Key personnel

Mr. Lavesh Kumar Gupta

Company Secretary and Compliance Officer

Mr. Sagar Sureshbhai LimbadD

Chief Financial Officer, Director

Mr. Harpreet SinghD

Managing Director, Executive Director

Mr. Savaliya Piyushkumar MansukhbhaiD

Managing Director, Director

Mr. Hardik AdhiyaD

Non-Executive Director

Mr. Naman ViradiyaD

Non-Executive Director

Mr. Hitesh Kanlal BhansaliD

Independent Director

Mrs. Yesha Aagam ShahD

Non-Executive Independent Director

View all

Incorporated on

17 Jan 1980

Last Annual

Last Interim

No. of Employees

IPO date

01 Jan 1990

Free Float

1,14,56,216

Website

https://www.abcgas.co.in/

Phone no.

+912224935508

Address

1 Mahesh Villa, B. G. Kher Road, Worli, MUMBAI, 400018, India

Frequently Asked Questions

What is the current share price of Onix Solar Energy Ltd.?

The current share price of Onix Solar Energy Ltd. is ₹ 290.65 as of 24 Aug 2026.

What is the market capitalisation of Onix Solar Energy Ltd.?

The market capitalisation of Onix Solar Energy Ltd. stands at ₹ 1,071.57 Cr.

What is the PE ratio of Onix Solar Energy Ltd.?

The Price-to-Earnings (PE) ratio of Onix Solar Energy Ltd. is 15.39 as of the latest trailing twelve months data.

What is the ROE and ROCE of Onix Solar Energy Ltd.?

Onix Solar Energy Ltd. has a Return on Equity (ROE) of 13.31% and a Return on Capital Employed (ROCE) of 12.94% as per the latest financial reports.

What is the 52-week high and low of Onix Solar Energy Ltd.?

The 52-week high of Onix Solar Energy Ltd. is - and the 52-week low is -.

What is the dividend yield of Onix Solar Energy Ltd.?

The dividend yield of Onix Solar Energy Ltd. is 0.00% based on the current market price.

What is the FII and DII holding in Onix Solar Energy Ltd.?

Foreign Institutional Investors (FII) hold 0.00%, Domestic Institutional Investors (DII) hold 0.00% and retail/public investors hold 48.02% of Onix Solar Energy Ltd. shares.

What sector does Onix Solar Energy Ltd. belong to?

Onix Solar Energy Ltd. operates in the Metals & Mining sector.

What is the beta of Onix Solar Energy Ltd.?

The beta of Onix Solar Energy Ltd. is 0.23, indicating its price volatility relative to the broader market.

What is the RSI of Onix Solar Energy Ltd.?

The 14-day Relative Strength Index (RSI) of Onix Solar Energy Ltd. is 5.65, placing it in the oversold zone. An RSI above 70 is considered overbought and below 30 is considered oversold.

Onix Solar Energy Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Onix Solar Energy Ltd. Shareholding Pattern

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Stock Analysis

Corporate Actions

Company Profile