Onix Solar (513119)

FairStock Score: 33/100 — RISKY

Score breakdown: P/E: 0/3 · ROCE: 2/2 · Growth: 2/2 · Dividend: 0/1

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Onix Solar and my first thought is that Mr. Market is asking me to pay a very rich price for a tiny slice of copper economics. At ₹96.15, market cap ₹1,761 Cr, P/E 116.02 and P/B 47.84 against book value of only ₹2.01, there is no Graham margin of safety. The latest quarter shows Sales ₹16 Cr and Net Profit ₹14 Cr, an extraordinary profit margin, yet Sales Growth is -71.85%. That combination makes me suspect the profit is not from a durable, expanding business but from something temporary or non-operating. ROE 367.65% and ROCE 32.41% look impressive, but I need to know whether they come from genuine capital efficiency or a shrinking equity base; Debt/Equity is not available, so I cannot judge leverage. Piotroski F-Score 6/9 is moderate, not a fortress signal. PEG 0.90 may look attractive against Profit Growth 129.55%, but that growth is inconsistent with collapsing sales, so I treat it skeptically. Copper is a cyclical, commodity business; without a specific cost advantage, scale, or customer lock-in, I see no moat. FairStock Score 33/100 RISKY, zero dividend yield, and promoter holding not available add to uncertainty. The quoted 52W range of ₹226.10 to ₹1,125.90 is wild, indicating speculation and volatility. I would wait for several quarters of stable sales, cash-backed profits, and a balance sheet I can understand. At these valuations, the risk of permanent capital loss seems too high for a retail investor.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer