Onix Solar

BSE: ONIXSOLAR · Copper

52W Range₹226 ₹1,126

Snapshot

Unlock Onix Solar's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Onix Solar Energy Limited is an Indian company engaged in the manufacturing and trading of non-ferrous metal products, specifically brass rods, tubes, and copper pipes. The company also provides specialized services in the design, installation, and maintenance of liquefied petroleum gas (LPG) reticulated systems.

Business Model

The company generates revenue through the manufacturing and sale of industrial metal components and the importation of gas industry accessories. Additionally, it operates a service-based model by providing technical installation and maintenance for gas reticulation infrastructure.

  • Incorporation Year:1980

Growth Outlook

Growth is driven by the demand for copper and brass components within the plumbing, domestic gas, and air-conditioning sectors. The company's recent rebranding suggests a potential strategic pivot or expansion into broader energy-related infrastructure.

Key Risks

  • Commodity Price Volatility. Fluctuations in the global prices of copper and other non-ferrous metals directly impact the company's manufacturing costs and profit margins.
  • Regulatory and Safety Compliance. As a provider of gas reticulation systems, the company faces significant legal and safety risks associated with the handling and installation of hazardous gas infrastructure.
  • Import Dependency. The company's reliance on importing pressure regulators and gas accessories exposes it to foreign exchange rate risks and international supply chain disruptions.
  • Sectoral Competition. The manufacturing of brass and copper products is a highly competitive market in India, which may exert downward pressure on pricing and market share.

Price

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Peers · Copper

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Onix SolarONIXSOLAR
25.0%+61.4%
Hindustan Copper Ltd.HINDCOPPER
45,14551.0432.3748.6%46.7%32.4%39.3%+83.4%
Mardia SamyoungMSCTC
68621.791300.0%-17.3%1.6%+48.9%
Bhagyanagar IndBHAGYANGR
46224.8513.5946.3%4.7%22.8%34.2%+336.8%

As of Mar 2026

Financials