Onix Renewable Limited is a dynamic company based in India that specializes in renewable energy solutions, including solar and wind energy projects. Established in 2007, the company has evolved significantly, focusing on various sectors such as Independent Power Producers (IPP), Engineering, Procurement, and Construction (EPC), and energy transition initiatives. Company OverviewFoundation: Onix Renewable Ltd was founded in 2007 and originally operated under the name Onix Structure Pvt. Ltd.Core Areas: The company is involved in renewable energy, infrastructure development, and the production of solar photovoltaic (PV) modules. It has successfully launched over 500 MW of projects and aims to expand its solar module production capacity from 100 MW to 1200 MW by the end of 2024.
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 65 | 100 | 146 | - |
| Cost of Material Consumed | 61 | 90 | 98 | - |
| Gross Margins | 6.15 | 10 | 32.88 | - |
| Change in Inventory | -5 | -5 | -12 | - |
| Employee Benefit Expenses | 4 | 5 | 2006 | - |
| Other Expenses | 3 | 7 | 42 | - |
| EBITDA | 2 | 3 | 12 | - |
| OPM | 3.08 | 3 | 8.22 | - |
| Other Income | 0.2 | 0 | 0 | - |
| Finance Cost | 0.8 | 0.9 | 1 | - |
| D&A | 0 | 0.1 | 0 | - |
| EBIT | 2 | 2.9 | 12 | - |
| EBIT Margins | 3.08 | 2.9 | 8.22 | - |
| PBT | 1.1 | 2 | 11 | - |
| PBT Margins | 1.69 | 2 | 7.53 | - |
| Tax (2021) | 0.1 | 0 | 2 | - |
| PAT | 1 | 2 | 2009 | - |
| NPM | 1.54 | 2 | 6.16 | - |
| EPS | 7.87 | 12.9 | 58.06 | - |
| Financial Ratios | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | 3.08 | 3 | 8.22 | - |
| Net Profit Margin | 1.54 | 2 | 6.16 | - |
| Earning Per Share (Diluted) | 7.87 | 12.9 | 58.06 | - |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 6.4 | 7.5 | 7.35 | - |
| CWIP | 1 | 0 | 4 | - |
| Investments | 0 | 0 | 13 | - |
| Trade Receivables | 15 | 7 | 16 | - |
| Inventory | 7 | 12 | 24 | - |
| Other Assets | 8.6 | 9.5 | 25.65 | - |
| Total Assets | 38 | 36 | 90 | - |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 1.27 | 1.55 | 1.55 | - |
| FV | 10 | 10 | 10 | - |
| Reserves | 4 | 8.6 | 17 | - |
| Borrowings | 7 | 10 | 15 | - |
| Trade Payables | 17 | 7 | 42 | - |
| Other Liabilities | 8.73 | 8.85 | 14.45 | - |
| Total Liabilities | 38 | 36 | 90 | - |
| Cash-Flow Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| PBT | 1 | 2 | 2009 | - |
| OPBWC | 1 | 2.3 | 9 | - |
| Change in Receivables | -9 | 8 | -16 | - |
| Change in Inventories | -5 | -5 | -24 | - |
| Change in Payables | 12 | -9 | 42 | - |
| Other Changes | 0.9 | -7.3 | -16 | - |
| Working Capital Change | -1.1 | -13.3 | -14 | - |
| Cash Generated From Operations | -0.1 | -11 | -5 | - |
| Tax | 0 | 0 | 0 | - |
| Cash Flow From Operations | -0.1 | -11 | -5 | - |
| Purchase of PPE | -6.4 | -1 | -7.5 | - |
| Sale of PPE | 0 | 0 | 0 | - |
| Cash Flow From Investment | -6.4 | -4 | 5 | - |
| Borrowing | 0 | 3.17 | 4 | - |
| Divided | 0 | 0 | 0 | - |
| Equity | 0.27 | 0.28 | 1.5 | - |
| Others From Financing | 7.03 | 1.55 | 18.5 | - |
| Cash Flow from Financing | 7.3 | 5 | 24 | - |
| Net Cash Generated | 0.8 | -10 | 24 | - |
| Cash at the Start | -0.76 | 9 | -19 | - |
| Cash at the End | 0.04 | -1 | 5 | - |
