Onix Solar Energy Limited

BSE: 513119 NSE: ONIXSOLAR
Onix Solar Energy Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L35105MH1980PLC022118 Incorporated 17 January 1980 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: ONIXSOLAR · BSE: 513119 Public Limited Company manufacturing
Data last updated
Market Cap
₹1,118 Cr
ONIXSOLAR · NSE
Share Price
₹303.25
+1.22% today
Revenue
₹165 Cr
FY 2025-26 · +462.8% YoY
EBITDA
₹46.52 Cr
Margin 28.1%
Net Profit
₹31.47 Cr
FY 2025-26 · +2055.5% YoY
P/E (TTM)
35.1x
P/B 1.3x
ROE
8.1%
ROCE 11.3%
Debt / Equity
0.07
Interest cover 6.3x

About Onix Solar Energy Limited

Data last updated:

Onix Solar Energy Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 17 January 1980 and has been in existence for over 46 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L35105MH1980PLC022118. Its GSTIN is 27AAACB9326M1ZD (Maharashtra). The company holds 3 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 513119 and NSE: ONIXSOLAR.

The company has an authorised share capital of ₹47 Cr and a paid-up capital of ₹36.87 Cr. It is led by directors including Piyush Mansukhbhai Savalia (Managing Director) and Yesha Yatishbhai Shah.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 2nd Floor Rustomjee Central Park, Mumbai, Maharashtra.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹165.42 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹31.47 Cr (net margin 19%) and EBITDA of ₹46.52 Cr (EBITDA margin 28.1%). The net worth stands at ₹774.19 Cr (up 14183.9% YoY). Total assets are valued at ₹831.33 Cr (up 15238.2% YoY).

Court records list 6 cases involving the company, including 5 filed by the company and 1 filed against it; 1 case is pending. The company has 72 deals on record (72 market trades); the latest was in August 2026. The company has 14 MSME Form 1 returns on record between 2019 and 2023, listing 16 overdue payments to 2 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN L35105MH1980PLC022118
Registration Number 022118
Incorporation Date 17 January 1980
ROC Mumbai
Listing Status Listed - Listed on NSE (ONIXSOLAR); Listed on BSE (513119)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Onix Solar Energy has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L35105MH1980PLC022118, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L35105MH1980PLC022118Current
U27100MH1980PLC022118Previous
L27100MH1980PTC022118Previous
L27100MH1980PLC022118Previous
Key People
Piyush Mansukhbhai Savalia Managing Director Yesha Yatishbhai Shah Director Hardik Kantilal Adhiya Additional Director

Contact details

Onix Solar Energy Limited's registered office is in Mumbai, Maharashtra.

  • Registered Address
    Office No A – 204 Builtup 1140 Squere Feet, 2nd Floor Rustomjee Central Park Andheri Kurla Road Chakalaandheri East, Mumbai, Maharashtra, India – 400069
  • Industry
    Manufacturing, Pipe & Tubes
Comprehensive company report
Onix Solar Energy Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Secure checkout · GST invoice included

Business activity

The main business activity of Onix Solar Energy is trade. In detail, this covers retail trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG2Retail Trading

To see the full business activity and turnover split of Onix Solar Energy Limited, buy the company report.

Financials of Onix Solar Energy Limited

FY 2025-26 filings available

Onix Solar Energy Limited reported revenue of ₹165.42 Cr (up 462.8% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹165 Cr
+462.8% YoY
EBITDA
₹46.52 Cr
+4053.6% YoY
Profit After Tax
₹31.47 Cr
+2055.5% YoY
Net Worth
₹774 Cr
- YoY
Total Assets
₹831 Cr
- YoY
Total Debt
₹57.14 Cr

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25
Income statement
Revenue16529.39
Revenue growth+462.8%-
EBITDA46.521.12
EBITDA margin+28.1%+3.8%
Profit before tax44.521.53
Net profit31.471.46
Net profit margin+19.0%+5.0%
EPS (₹)12.567.34
Balance sheet
Total assets8315.42
Net worth7745.42
Total debt57.140.00
Cash & bank2.101.64
Net working capital228(14.33)
Cash flow
Cash from operations(236)17.24
Cash from investing(81.81)(19.29)
Cash from financing3180.00
ParticularsSep 2026Jun 2026Mar 2026Sep 2025Jun 2025
Revenue32.4294.5176.6843.37103
Revenue growth (YoY)-25.3%-8.5%---
Other income0.000.010.500.110.48
EBITDA2.2428.1129.65(0.60)7.16
EBITDA margin+6.9%+29.7%+38.7%-1.4%+6.9%
Depreciation0.130.130.300.000.18
Interest0.060.061.740.070.00
Profit before tax2.0527.9328.11(0.56)7.46
Tax0.577.020.000.180.32
Net profit1.4820.9128.11(0.74)7.14
EPS (₹)0.405.6711.21(0.37)3.60
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue15729.390.010.021.540.421.16
Revenue growth+434.6%--50.0%-98.7%+266.7%-63.8%-
EBITDA39.691.12(0.53)(3.35)(1.44)(0.67)(0.38)
EBITDA margin+25.3%+3.8%-5300.0%--93.5%-159.5%-32.8%
Profit before tax40.201.530.262.350.26(0.41)(0.26)
Net profit40.201.46(0.60)(0.11)(1.24)(0.40)(0.25)
Net profit margin+25.6%+5.0%-6000.0%-550.0%-80.5%-95.2%-21.6%
EPS (₹)196.137.341.0610.561.27(2.07)(1.29)
Balance sheet
Total assets7745.443.964.331.782.933.15
Net worth7745.423.963.751.661.411.82
Total debt0.000.000.000.570.121.521.33
Cash & bank1.891.643.700.030.060.090.08
Net working capital185(14.31)3.943.951.542.652.87
Cash flow
Cash from operations(160)17.243.20(6.14)1.130.16(0.43)
Cash from investing0.54(19.29)1.055.660.37(0.33)0.13
Cash from financing1590.00(0.59)0.45(1.53)0.180.32
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue31.8893.7470.3016.1243.3745.2023.2757.26
Revenue growth (YoY)-26.5%+107.4%+202.1%-71.9%----
Other income0.000.000.300.110.110.110.111.09
Total expenses29.3865.9044.881.8643.9743.9622.6752.07
EBITDA2.5027.8425.4214.26(0.60)1.240.605.19
EBITDA margin+7.8%+29.7%+36.2%+88.5%-1.4%+2.7%+2.6%+9.1%
Depreciation0.000.000.000.000.000.000.000.02
Interest0.010.000.040.000.070.000.000.00
Profit before tax2.4927.8425.6814.37(0.56)1.350.716.26
Tax0.577.000.000.000.200.340.070.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Sep 2025Jun 2025
Revenue32.4294.5176.6843.37103
Revenue growth (YoY)-25.3%-8.5%---
Other income0.000.010.500.110.48
EBITDA2.2428.1129.65(0.60)7.16
EBITDA margin+6.9%+29.7%+38.7%-1.4%+6.9%
Depreciation0.130.130.300.000.18
Interest0.060.061.740.070.00
Profit before tax2.0527.9328.11(0.56)7.46
Tax0.577.020.000.180.32
Net profit1.4820.9128.11(0.74)7.14
EPS (₹)0.405.6711.21(0.37)3.60
ParticularsFY 2025-26FY 2024-25
Revenue16529.39
Revenue growth+462.8%-
Other income1.230.42
Total expenses11928.27
Employee cost4.421.04
EBITDA46.521.12
EBITDA margin+28.1%+3.8%
Depreciation0.320.01
Interest2.910.00
Profit before tax44.521.53
Tax13.050.07
Net profit31.471.46
Net profit margin+19.0%+5.0%
EPS (₹)12.567.34
ParticularsFY 2025-26FY 2024-25
Equity & liabilities
Share capital25.071.98
Reserves & surplus7493.44
Shareholders' funds (net worth)7745.42
Minority interest0.000.00
Secured loans0.000.00
Unsecured loans57.140.00
Total debt57.140.00
Total liabilities8315.42
Assets
Gross block4620.10
Net block4600.01
Capital work in progress0.000.00
Investments83.000.00
Inventories77.180.00
Sundry debtors1190.31
Cash & bank balances2.101.64
Loans & advances63.4517.68
Total current assets26119.63
Total current liabilities33.6133.96
Net working capital228(14.33)
Total assets8315.42
ParticularsFY 2025-26FY 2024-25
Opening cash1.643.70
Net cash from operating activities(236)17.24
Net cash from investing activities(81.81)(19.29)
Net cash from financing activities3180.00
Net change in cash0.46(2.05)
Closing cash2.101.64
ParticularsFY 2025-26FY 2024-25
Growth
Sales growth+462.8%-
EBITDA growth+4053.6%-
PBT growth+2809.8%+9997.0%
Net income growth+2055.5%-
Profitability & leverage
Net income margin+19.0%+5.0%
Return on capital employed+11.3%+28.3%
Return on net worth+8.1%+27.0%
Debt / equity0.070.00
Long-term debt / equity0.070.00
Interest cover6.300.00
Efficiency & per share
Fixed asset turnover0.72587.80
Inventory turnover4.290.00
Debtors turnover2.7894.81
EPS (₹)12.567.34
Dividend per share (₹)0.000.00
Book value per share (₹)308.7927.12
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue31.8893.7470.3016.1243.3745.2023.2757.26
Revenue growth (YoY)-26.5%+107.4%+202.1%-71.9%----
Other income0.000.000.300.110.110.110.111.09
Total expenses29.3865.9044.881.8643.9743.9622.6752.07
EBITDA2.5027.8425.4214.26(0.60)1.240.605.19
EBITDA margin+7.8%+29.7%+36.2%+88.5%-1.4%+2.7%+2.6%+9.1%
Depreciation0.000.000.000.000.000.000.000.02
Interest0.010.000.040.000.070.000.000.00
Profit before tax2.4927.8425.6814.37(0.56)1.350.716.26
Tax0.577.000.000.000.200.340.070.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue15729.390.010.021.540.421.16
Revenue growth+434.6%--50.0%-98.7%+266.7%-63.8%-
Other income0.620.420.835.751.850.290.15
Total expenses11728.270.543.372.981.091.54
Employee cost0.001.060.090.070.090.070.11
EBITDA39.691.12(0.53)(3.35)(1.44)(0.67)(0.38)
EBITDA margin+25.3%+3.8%-5300.0%--93.5%-159.5%-32.8%
Depreciation0.000.010.030.030.020.030.03
Interest0.110.000.010.020.130.000.00
Profit before tax40.201.530.262.350.26(0.41)(0.26)
Tax0.000.070.050.270.000.00(0.01)
Net profit40.201.46(0.60)(0.11)(1.24)(0.40)(0.25)
Net profit margin+25.6%+5.0%-6000.0%-550.0%-80.5%-95.2%-21.6%
EPS (₹)196.137.341.0610.561.27(2.07)(1.29)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital25.071.981.981.981.981.981.98
Reserves & surplus7493.441.981.77(0.32)(0.57)(0.16)
Shareholders' funds (net worth)7745.423.963.751.661.411.82
Secured loans0.000.000.000.110.000.000.00
Unsecured loans0.000.000.000.460.121.521.33
Total debt0.000.000.000.570.121.521.33
Total liabilities7745.443.964.331.782.933.15
Assets
Gross block0.090.090.100.380.680.670.78
Net block0.000.010.020.190.140.160.20
Capital work in progress0.000.000.000.000.000.000.00
Investments5720.000.000.080.080.080.08
Inventories64.520.000.270.350.360.690.68
Sundry debtors90.390.310.000.002.763.733.79
Cash & bank balances1.891.643.700.030.060.090.08
Loans & advances54.8017.680.043.903.970.070.06
Total current assets21219.634.014.287.154.584.61
Total current liabilities26.2933.940.070.335.611.931.74
Net working capital185(14.31)3.943.951.542.652.87
Total assets7745.443.964.331.782.933.15
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1.643.700.030.060.090.080.06
Net cash from operating activities(160)17.243.20(6.14)1.130.16(0.43)
Net cash from investing activities0.54(19.29)1.055.660.37(0.33)0.13
Net cash from financing activities1590.00(0.59)0.45(1.53)0.180.32
Net change in cash0.25(2.05)3.66(0.03)(0.03)0.020.02
Closing cash1.891.643.700.030.060.090.08
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+434.6%--50.0%-98.7%+266.7%-63.8%-
EBITDA growth+3443.8%+311.3%+84.2%-132.6%-114.9%-76.3%-
PBT growth+2527.5%+488.5%-88.9%+803.9%+9998.0%-57.7%-
Net income growth+2653.4%+343.3%-445.5%+91.1%-210.0%-60.0%-
Revenue CAGR (3Y)+1888.4%+167.2%-71.2%-74.2%+26.0%-35.7%-33.5%
EBITDA CAGR (3Y)---7.5%+106.6%+79.3%+15.1%+0.9%
Profitability & leverage
Net income margin+19.2%+5.0%+2100.0%-+16.9%-97.6%-21.6%
Return on capital employed+10.3%+32.7%-13.6%-1.3%-45.0%0.0%0.0%
Return on net worth+7.7%+31.2%-15.7%-3.5%-74.9%0.0%0.0%
Debt / equity0.000.000.080.130.550.910.62
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover0.280.00-1.79-0.59-8.900.000.00
Efficiency & per share
Fixed asset turnover3,930.50653.110.050.042.460.621.61
Inventory turnover4.87217.700.030.062.930.610.92
Debtors turnover3.47189.610.000.010.470.110.35
EPS (₹)12.037.341.0610.561.27(2.07)(1.29)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)308.8027.1219.7818.728.166.898.97

To see the full year-wise statements and ratios of Onix Solar Energy Limited, buy the company report.

Board of directors of Onix Solar Energy Limited

Onix Solar Energy has 5 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Piyush Mansukhbhai Savalia
Also directs: Onix-Tech Power LLP, Onix E-Mobility Limited, Onix Renewable Limited and 4 more
Managing Director09 Dec 20250 Years 11 MonthsCurrent
Yesha Yatishbhai Shah
Also directs: Netlink Solutions (India) Limited, Netlink Solutions (India) Limited, Adcon Capital Services Limited and 2 more
Director02 Mar 20242 Years 8 MonthsCurrent
Hardik Kantilal Adhiya
Also directs: Jilani Solar Power Private Limited
Additional Director24 Dec 20250 Years 10 MonthsCurrent
Naman Madhavjibhai Viradiya
Also directs: Onix-Tech Power LLP, Silveda-Tech Technocrates LLP
Additional Director24 Dec 20250 Years 10 MonthsCurrent
Umeshkumar SinghDirector08 Mar 20251 Years 8 MonthsCurrent
View all directors

Deals & funding

Onix Solar Energy Limited has 72 deals on record (72 market trades); the latest was in August 2026.

Total deals
72
Market trades
72

Deals on record (5 of 72)

WhenDealAmountParties
Aug 2026Market trade₹12.31 CrBuyer: Onix Renewable Limited
Seller: an individual
Mar 2026Market trade₹12.87 CrBuyer: Greenx Wealth Multihorizons Opportunity Fund
Seller: Ishaan Tradefin LLP
Jan 2026Market trade₹3.8 CrBuyer: Multiplier Share and Stock Advisors Private Limited , Neo Apex Venture LLP , an individual
Seller: Epitome Trading And Investments, Neo Apex Venture LLP , Hitesh Shantilal Kordia Huf, an individual
Dec 2025Market trade₹1.2 CrBuyer: Green Peaks Enterprises LLP , an individual
Seller: Green Peaks Enterprises LLP , 2 individuals
Aug 2025Market trade₹44.6 LakhBuyer: Neo Apex Venture LLP

To see the full deal history of Onix Solar Energy Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Onix Solar Energy Limited has 14 MSME Form 1 returns on record between 2019 and 2023, listing 16 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (2 of 2)

SupplierAmount dueDue sinceReported on
an individual supplier
Neev Resources Private Limited

To see the full MSME payment records of Onix Solar Energy Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

Onix Solar Energy has 3 GST registrations: 1 active and 2 cancelled or inactive.

Total GSTINs
3
Active
1
Cancelled / inactive
2
GSTINStateStatusRegistered on
27AAACB9326M1ZDMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Onix Solar Energy Limited, buy the company report.

Recent activity

Onix Solar Energy Limited has 22 board changes on record since 2015: 6 appointments and 16 cessations. The latest: Hardik Kantilal Adhiya was appointed as Additional Director on 24 Dec 2025.

Filing
Onix Solar Energy Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Appointed
Hardik Kantilal Adhiya was appointed as Additional Director.
Appointed
Naman Madhavjibhai Viradiya was appointed as Additional Director.
Appointed
Piyush Mansukhbhai Savalia was appointed as Managing Director.
AGM
Onix Solar Energy Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Harpreet Singh ceased to be Additional Director.
Ceased
Khilan Hareshbhai Savaliya ceased to be Additional Director.
Ceased
Umeshkumar Singh ceased to be Additional Director.
Appointed
Umeshkumar Singh was appointed as Director.
Appointed
Harpreet Singh was appointed as Additional Director.
Ceased
Malay Truptesh Desai ceased to be Additional Director.
Ceased
Nikhil Hareshbhai Savaliya ceased to be Additional Director.

13 earlier events are in the company report.

News

Frequently asked questions

Onix Solar Energy is an active public limited company based in Mumbai, Maharashtra, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 17 January 1980 (46+ years old) and is registered under CIN L35105MH1980PLC022118. Listed on BSE: 513119 and NSE: ONIXSOLAR.

Onix Solar Energy reported revenue of ₹165.42 Cr for FY 2025-26 (up 462.8% YoY) based on consolidated financials.

Onix Solar Energy has 5 current directors:

The latest financial statements of Onix Solar Energy on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Onix Solar Energy is 27AAACB9326M1ZD, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.

The CIN (Corporate Identification Number) of Onix Solar Energy is L35105MH1980PLC022118. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Onix Solar Energy is a listed company as per MCA records. Its shares are listed on both BSE (code: 513119) and NSE (symbol: ONIXSOLAR).

Onix Solar Energy has 6 court cases on record: 5 filed by the company and 1 filed against it. 1 is pending.

Onix Solar Energy was incorporated on 17 January 1980, making it 46+ years old. It is registered with the Registrar of Companies, Mumbai.

Onix Solar Energy has 72 deals on record (72 market trades); the latest was in August 2026.

Hardik Kantilal Adhiya was appointed as Additional Director on 24 Dec 2025. Naman Madhavjibhai Viradiya was appointed as Additional Director on 24 Dec 2025. Piyush Mansukhbhai Savalia was appointed as Managing Director on 09 Dec 2025. Onix Solar Energy has 22 board changes on record in total.