Onix Solar Energy Limited
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from Onix Solar Energy Limited's yearly results (2023–2026), compared with Technology companies in India. Tap ? on any ratio for what it means.
What stands out
- Shareholder Slice Ratio: Share count rose 1,108% in 3 years, so each share's slice of the company became smaller. Bigger rise in share count than almost all Technology companies in India.
- Debt Due Cover Ratio: Operating cash was negative last year, while some debt falls due within a year. Lower than almost all Technology companies in India.
- Profit Cash Ratio: Over the last 3 years, every ₹100 of reported profit came with ₹-650 of operating cash. Lower than 98% of Technology companies in India.
Where ₹100 of sales goes
Latest year (Mar 2026). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
₹-650Over the last 3 years, every ₹100 of reported profit came with ₹-650 of operating cash.
Lower than 98% of Technology companies in India.
Self-Funding Ratio
—Data incomplete
Cash Locked Ratio
₹107For every ₹100 of sales, ₹107 is tied up in day-to-day operations (money owed by customers + stock − money owed to suppliers), against ₹709 tied up three years earlier.
More money tied up than 96% of Technology companies in India.
Growth quality
Steadiness Ratio
2/3 · 2/3Sales grew in 2 of the last 3 years; profit grew in 2 of 3.
Less steady than 74% of Technology companies in India.
Growth Efficiency Ratio
₹18Sales grew 692,029% in 3 years; of every extra ₹100 of sales, ₹18 became extra profit.
Higher than 73% of Technology companies in India.
Asset Productivity Ratio
+692029% / +18461%In 3 years sales changed by +692029% while total assets changed by +18461%. Sales grew faster than assets.
Balance-sheet strength
Debt Due Cover Ratio
-155.2×Operating cash was negative last year, while some debt falls due within a year.
Lower than almost all Technology companies in India.
Cash Cushion Ratio
−4%Debt, after subtracting cash, equals 4% of its market value (net debt).
Lower than 69% of Technology companies in India.
Tangible Assets Ratio
47%Of every ₹100 the company owns, ₹47 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
Less tangible than 95% of Technology companies in India.
Tangible Net Worth Ratio
41%Of every ₹100 of net worth, ₹41 is tangible; the rest is goodwill and other intangibles, often from buying other companies.
Less tangible than 87% of Technology companies in India.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (14)
Onix Solar Energy Limited owes ₹0.10 for every ₹1 it owns. Net profit rose 2065% in the year to Mar 2026, and grew 147% a year on average over 3 years.
Compared with Technology companies in India · latest annual results Mar 2026.
P/E ratio
3.2Investors pay ₹3.2 for every ₹1 of Onix Solar Energy Limited's yearly profit, lower than 97% of Technology companies in India.
P/B ratio
1.48The share price is 1.48 times Onix Solar Energy Limited's book value per share, lower than 82% of Technology companies in India.
Market cap
₹1,149 CrThe total market value of all of Onix Solar Energy Limited's shares at today's price (share price × number of shares), smaller than 61% of Technology companies in India. PosiCap size class: Mini Cap.
Net worth (book value)
₹774 CrWhat Onix Solar Energy Limited would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (31 Mar 2026).
Book value per share
₹209.99Net worth divided by the number of shares. The share price of ₹311.60 is 1.5 times this, which is the P/B above.
Return on equity (ROE)
12.4%Onix Solar Energy Limited earned 12.4% on its shareholders' money over the last year, lower than 51% of Technology companies in India.
Owes vs Owns
0.10×Onix Solar Energy Limited owes ₹0.10 for every ₹1 it owns (low), lower than 97% of Technology companies in India.
Dividend yield
NoneOnix Solar Energy Limited does not currently pay a dividend.
Revenue growth
+463%Revenue rose 463% in the year to Mar 2026, and grew 1806% a year on average over 3 years.
Profit growth
+2065%Net profit rose 2065% in the year to Mar 2026, and grew 147% a year on average over 3 years.
Profit margin
19.0%Onix Solar Energy Limited keeps ₹19 of every ₹100 of revenue as net profit.
Cash quality
-7.5×Cash from Onix Solar Energy Limited's business was -7.5× its reported profit in the year to Mar 2026 — the business used cash even though it reported a profit.
Interest cover
16.7×Onix Solar Energy Limited's operating profit covered its interest costs 16.7 times in the year to Mar 2026.
Cash vs debt
Net debtOnix Solar Energy Limited had ₹48 Cr more debt than cash (net debt) at Mar 2026.
Questions
What is Onix Solar Energy Limited's P/E ratio?
Investors pay ₹3.2 for every ₹1 of Onix Solar Energy Limited's yearly profit, lower than 97% of Technology companies in India.
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For Onix Solar Energy Limited: ₹1,149 Cr ÷ ₹774 Cr (31 Mar 2026) = 1.5.
What is Onix Solar Energy Limited's return on equity?
Onix Solar Energy Limited earned 12.4% on its shareholders' money over the last year, lower than 51% of Technology companies in India.
How much does Onix Solar Energy Limited owe compared with what it owns?
Onix Solar Energy Limited owes ₹0.10 for every ₹1 it owns (low), lower than 97% of Technology companies in India.
Does Onix Solar Energy Limited pay a dividend?
No. Onix Solar Energy Limited does not currently pay a dividend.
Is Onix Solar Energy Limited's revenue growing?
Revenue rose 463% in the year to Mar 2026, and grew 1806% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.