Onix Renewables Unlisted Share
About Onix Renewables Unlisted Share
Onix Renewable Ltd. is a pioneering company in India, dedicated to delivering innovative solutions in the renewable energy sector. The company operates across multiple domains, including Independent Power Production (IPP), Engineering, Procurement & Construction (EPC), energy transition, wind, solar, storage, hybrid solutions, green hydrogen, R&D, and power generation. Additionally, Onix specializes in solar panel manufacturing and energy storage systems.
Business Divisions
- EPC Services: Provides turnkey solutions from design to commissioning, ensuring high efficiency and quality execution.
- Independent Power Producer (IPP): Develops, finances, constructs, and operates renewable energy projects, managing the entire lifecycle for sustainable power generation.
- Manufacturing: Plans to expand solar PV module production capacity to 1200 MW by 2024 while innovating in EV chargers and energy storage.
- Operation & Maintenance (O&M): Manages 150+ MW of renewable assets, ensuring safety, innovation, and optimal performance.
- Strategic Projects & Partnerships: Collaborates with state governments and executes large-scale hybrid and solar power projects.
Financial Highlights
- Revenue Growth: Increased from ₹65 crore in 2021 to ₹351 crore in 2024.
- Cost of Materials Consumed: ₹61 crore in 2021, rising to ₹284 crore in 2024.
- Gross Margins: Fluctuated from 6.15% in 2021 to 32.88% in 2023 and 19.09% in 2024.
- EBITDA Growth: Improved from ₹2 crore in 2021 to ₹58 crore in 2024.
- Operating Profit Margin (OPM): Increased from 3.08% in 2021 to 16.52% in 2024.
- Profit Before Tax (PBT): Grew from ₹1.1 crore in 2021 to ₹52.7 crore in 2024.
- Net Profit (PAT): Jumped from ₹1 crore in 2021 to ₹39.4 crore in 2024.
- Earnings Per Share (EPS): Increased significantly from ₹7.87 in 2021 to ₹235.93 in 2024.
- Total Assets: Expanded from ₹38 crore in 2021 to ₹495.8 crore in 2024.
- Total Liabilities: Increased from ₹38 crore in 2021 to ₹495.17 crore in 2024.
Pros
- Strong Market Position: Recognized as a leader in India’s renewable energy sector with a proven track record of over 700 completed projects.
- Diverse Business Model: Presence across multiple verticals, including EPC, IPP, manufacturing, and O&M, ensuring diversified revenue streams.
- Rapid Growth: Significant revenue growth from ₹65 crore in 2021 to ₹351 crore in 2024, showcasing strong financial expansion.
Cons
- High Liabilities: Total liabilities have surged from ₹38 crore in 2021 to ₹495.17 crore in 2024, increasing financial risk.
- Fluctuating Margins: Gross margins saw volatility, peaking at 32.88% in 2023 but declining to 19.09% in 2024.
- Competitive Market: Faces intense competition from established renewable energy players, requiring constant innovation and cost efficiency.
Key Details
| Share Name | Onix Renewables Unlisted |
|---|---|
| Particulars | 13,900.00 |
| Shares Price | Per Equity Share |
| Lot Size | 100 Shares |
| 52 Week High | ₹25,250 |
| 52 Week Low | ₹9,500 |
| Depository | NSDL & CDSL |
| PAN Number | AADCE8197L |
| ISIN Number | INE0TG701015 |
| CIN | U31501GJ2014PLC080979 |
| RTA | N/A |
| Fundamentals | Value |
|---|---|
| Market Cap (in cr.) | 3,468.06 |
| P/E Ratio | 58.92 |
| P/B Ratio | 32.27 |
| Debt to Equity | 0.92 |
| ROE (%) | 40% |
| Book Value | 430.74 |
| EPS | 235.93 |
| Face Value | 10 |
| Total Shares | 24,95,010 |
Financials
| Particulars | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 351 | 146 | 100 |
| Cost of Material Consumed | 284 | 98 | 90 |
| Gross Margins (%) | 19.09 | 32.88 | 10 |
| Change in Inventory | -66 | -12 | -5 |
| Employee Benefit Expenses | 14 | 6 | 5 |
| Other Expenses | 61 | 42 | 7 |
| EBITDA | 58 | 12 | 3 |
| OPM (%) | 16.52 | 8.22 | 3 |
| Other Income | 0 | 0 | 0 |
| Finance Cost | 4.5 | 1 | 0.9 |
| D&A (Depreciation & Amort.) | 1 | 0 | 0.1 |
| EBIT | 57 | 12 | 2.9 |
| EBIT Margins (%) | 16.24 | 8.22 | 2.9 |
| PBT (Profit Before Tax) | 52.7 | 11 | 2 |
| PBT Margins (%) | 15.01 | 7.53 | 2 |
| Tax | 13.3 | 2 | 0 |
| PAT (Profit After Tax) | 39.4 | 9 | 2 |
| NPM (Net Profit Margin) (%) | 11.23 | 6.16 | 2 |
| EPS (Earnings Per Share) | 235.93 | 58.06 | 12.9 |
| Financial Ratios | FY24 | FY23 | FY22 |
|---|---|---|---|
| Operating Margin | 16% | 8% | 3% |
| Net Profit Margin | 11% | 6% | 2% |
| Return on Equity | 40% | 49% | 20% |
| Debt-Equity | 0.92 | 0.81 | 0.99 |
| Current Ratio | 1.68 | 2.68 | 2.11 |
| Dividend Payout | 0% | 0% | 0% |
| Company | Waaree Renewables | Oriana Power Ltd | Onix Renewables |
|---|---|---|---|
| Market Cap (₹ Crores) | 6,888 | 3,343 | 5,689 |
| Profitability Margin (%) | 16% | 14% | 11% |
| ROCE (%) | 22% | 38% | 16% |
| ROE (%) | 30% | 61% | 40% |
| D/E Ratio | 0.24 | 0.64 | 0.92 |
| P/E Ratio | 29.7 | 94.4 | 96.64 |
| P/B Ratio | 3.51 | 8.34 | 58.36 |
| Book Value per Share (₹) | 99.8 | 197 | 390.66 |
| Assets | 2024 | 2023 | 2022 |
|---|---|---|---|
| Fixed Assets | 10.8 | 7.35 | 7.5 |
| CWIP | 0 | 4 | 0 |
| Investments | 0 | 13 | 0 |
| Trade Receivables | 134 | 16 | 7 |
| Inventory | 106 | 24 | 12 |
| Other Assets | 245 | 25.65 | 9.5 |
| Total Assets | 495.8 | 90 | 36 |
| Liabilities | 2024 | 2023 | 2022 |
|---|---|---|---|
| Share Capital | 1.67 | 1.55 | 1.55 |
| FV (Face Value) | 10 | 10 | 10 |
| Reserves | 95.8 | 17 | 8.6 |
| Borrowings | 89.7 | 15 | 10 |
| Trade Payables | 143 | 42 | 7 |
| Other Liabilities | 165 | 14.45 | 8.85 |
| Total Liabilities | 495.17 | 90 | 36 |
Promoters or Management
Frequently Asked Questions
Onix renewables issued 195,010 shares at rupees 25,000 each to various investors. This was done to raise 487.52 crores which would be used for working capital needs of the company, for future capex and expansion of Onix’s business.
Yes, there was a notice of bonus issue of shares in the ratio of 40:1 but its record date hasn’t been yet revealed. The approval of shareholder is still pending.
