- CIN
- —
- ISIN
- INE0TG701015
- Incorporated
- —
- Registered state
- —
Key valuation
- Market cap
- ₹494 Cr
- P/E
- 4.3x
- Debt / equity
- 0.2x
- Shares outstanding
- 10,73,36,610
Prices shown are indicative, dealer-quoted and updated periodically — they are not exchange-traded prices and may differ from the price at which a transaction is finally executed.
Price history
Dated dealer-quote averages, plotted on a true time scale. There is no continuous trading behind these numbers.
Business overview
Onix Renewable has been around since 2007, working out of Rajkot in Gujarat. Renewable energy, but not one narrow slice of it. They do most of the chain. Solar first, then wind, hybrid setups, battery energy storage or BESS, power infrastructure, and lately they have got into green fuels as well. On the services side its EPC contracts, running plants as an independent power producer or IPP, developing their own sites, plus operations and maintenance once everything is up and running. They manufacture solar modules too. The idea, atleast the way they sell it, is that you deal with one company instead of chasing three different contractors who all point fingers at each other when something breaks. Whether that works out cheaper is a different question. Projects are spread around the country, utility scale and commercial both. Solar plants, wind farms, a few hybrid sites, some transmission and distribution assets. Green hydrogen is on the list as well but that one is still early days, more intent than output so far.
Key highlights
- Incorporated in 2014
Financial snapshot
FY2025
- Revenue FY2025
- ₹1,001.30 Cr
- EBITDA
- ₹155.44 Cr
- PAT
- ₹114.79 Cr
- Net worth
- ₹705.62 Cr
- Total debt
- ₹172.63 Cr
- Cash & equivalents
- ₹156.44 Cr
- Operating cash flow
- ₹-410.78 Cr
- EPS
- ₹10.69
Reported financials · FY2022–FY2025
Figures in ₹ crore unless stated.
| Particulars | FY2022 | FY2023 | FY2024 | FY2025 | YoY | CAGR |
|---|---|---|---|---|---|---|
| Profit & loss | ||||||
| Revenue from operationsYoY +185.8%CAGR +115.6% | 100 | 146 | 350 | 1,001 | +185.8% | +115.6% |
| Other income | 0 | 0 | 1 | 11 | — | — |
| Total expenses | 98 | 136 | 299 | 859 | — | — |
| EBITDAYoY +172.6%CAGR +267.6% | 3 | 12 | 57 | 155 | +172.6% | +267.6% |
| Depreciation & amortisation | 0 | 0 | 1 | 2 | — | — |
| EBIT | 3 | 12 | 56 | 153 | — | — |
| Finance cost | 1 | 2 | 5 | 11 | — | — |
| Profit before taxYoY +190.7%CAGR +312.9% | 2 | 11 | 53 | 153 | +190.7% | +312.9% |
| Tax expense | 0 | 2 | 13 | 39 | — | — |
| Profit after taxYoY +191.4%CAGR +279.5% | 2 | 9 | 39 | 115 | +191.4% | +279.5% |
| Earnings per share | ₹0.20 | ₹0.80 | ₹3.67 | ₹10.69 | — | — |
| Balance sheet | ||||||
| Net worthYoY +623.9%CAGR +315.6% | 10 | 18 | 97 | 706 | +623.9% | +315.6% |
| Total debt | 10 | 18 | 90 | 173 | — | — |
| Current liabilities | 17 | 58 | 3 | 272 | — | — |
| Fixed assets | — | — | 11 | 12 | — | — |
| Cash & equivalents | 1 | 9 | 2 | 156 | — | — |
| Current assets | 29 | 67 | 5 | 699 | — | — |
| Total assetsYoY +116.6%CAGR +209.0% | 36 | 94 | 495 | 1,073 | +116.6% | +209.0% |
| Cash flow | ||||||
| Operating activities | -11 | 20 | 1 | -411 | — | — |
| Investing activities | -4 | -17 | -2 | -0 | — | — |
| Financing activities | 5 | 4 | 1 | 565 | — | — |
| Net change in cash | -10 | 7 | -0 | 154 | — | — |
Revenue, EBITDA and PAT
₹ crore. A year with no reported figure is left out rather than drawn as zero.
- Revenue
- EBITDA
- PAT
Every ratio here is worked out from the reported figures in the Financials tab, and valuation multiples from the indicative price in the header. Nothing is a stored value. A ratio the filings cannot support (a line not reported, or a zero or negative base) is left out or shown as —, never as a misleading number. Balance-sheet ratios use year-end figures.
Valuation multiples
What the indicative price pays for the latest year's earnings, book and cash. On FY2025 figures and the ₹46.00 indicative price.
- Market cap
- ₹494 Cr
- Enterprise value
- ₹510 Cr
- Price / earnings (P/E)
- 4.30x
- Price / book (P/B)
- 0.70x
- Price / sales (P/S)
- 0.49x
- EV / EBITDA
- 3.28x
- EV / EBIT
- 3.33x
- EV / sales
- 0.51x
- Earnings yield
- 23.3%
- Cash / market cap
- 31.7%
How these are worked out
- Market cap
- Indicative price × shares outstanding
- Enterprise value
- Market cap + debt − cash
- Price / earnings (P/E)
- Market cap ÷ PAT (profitable years only)
- Price / book (P/B)
- Market cap ÷ net worth
- Price / sales (P/S)
- Market cap ÷ revenue from operations
- EV / EBITDA
- Enterprise value ÷ EBITDA
- EV / EBIT
- Enterprise value ÷ (EBITDA − depreciation)
- EV / sales
- Enterprise value ÷ revenue from operations
- Earnings yield
- PAT ÷ market cap
- Cash / market cap
- Cash & equivalents ÷ market cap
IPO / listing status
The company has not announced IPO details such as a DRHP filing, an expected window or its bankers. This section will update once it does.
Research & news
Information currently unavailable
Nothing has been published on Onix Renewable yet. Research, news and articles tagged with it will appear here when they are.
Documents
Information currently unavailable
No documents have been catalogued for this company yet.