Onix Renewables Unlisted Share

230.5K

BUY

₹71.00

SELL

₹78.00

As on November 16, 2025 Onix Renewables share price is ₹71.00 per share. The 52-week high for Onix Renewables stock price is ₹25,250.00, while the 52-week low is ₹71.00.

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	Particulars
Onix Renewables Unlisted	78.00
Shares Price	Per Equity Share
Lot Size	100 Shares
52 Week High	₹25250
52 Week LoW	₹9500
Depository	NSDL & CDSL
PAN Number	AADCE8197L
ISIN Number	INE0TG701015
CIN	U31501GJ2014PLC080979
RTA	N/A

Fundamentals	Value
Market Cap (in cr.)	19.46
P/E Ratio	0.33
P/B Ratio	0.18
Debt to Equity	0.92
ROE (%)	40%
Book Value	430.74
EPS	235.93
Face Value	10
Total Shares	2495010

Financials

P&L Statement	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	1	0	0.1
EBIT	57	12	2.9
EBIT Margins	16.24	8.22	2.9
PBT	52.7	11	2
PBT Margins	15.01	7.53	2
Tax	13.3	2	0
PAT	39.4	9	2
NPM	11.23	6.16	2
EPS	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 Technologies	Oriana Power Ltd	Onix Renewables
Market Cap (₹ Crores)	6888	3343	5689
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	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

Name	Designation	Experience	Linkedin Profile
Divyesh Savaliya	Chairman & MD	15+

Annual Reports

Name	Download
Onix Renewables Report 2024

DRHP

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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.

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