Onix Renewable Unlisted Shares - Company Overview
Onix Renewable Limited is a Public incorporated on 07 October 2014. It is classified as Non-government company and is registered at Registrar of Companies, ROC Ahmedabad. Its authorized share capital is Rs. 250,000,000 and its paid up capital is Rs. 16,700,000. It is involved in Manufacture of electric lamps and lighting equipment. Onix Renewable Limited's Annual General Meeting (AGM) was last held on N/A and as per records from Ministry of Corporate Affairs (MCA), its balance sheet was last filed on 31 March 2023.
Directors of Onix Renewable Limited are Divyeshkumar Mansukhlal Savaliya, Mansukh Chanabhai Savalia and Nikhil Hareshbhai Savaliya. Onix Renewable Limited's Corporate Identification Number is (CIN) U31501GJ2014PLC080979 and its registration number is 80979. Its Email address is onixstructurepvt.ltd@gmail.com and its registered address is P-212 B, Gate No: 2, Lodhika GIDC, Metoda, Gujarat, India - 360021.
Onix Renewable Share Price, Share Details as of March 31, 2024
Onix Renewable Limited Outstanding Shares: |
10,73,36,610 |
Face Value of Onix Renewable Share: |
Rs. 10 Per Equity Share |
ISIN of Onix Renewable Limited Share: |
INE0TG701015 |
Lot Size of Onix Renewable Share: |
100 |
Onix Renewable Share Price: |
Best In Industry |
| PAN Number of Onix Renewable | AADCE8197L |
| GST Number of Onix Renewable | 24AADCE8197L1Z4 |
Onix Renewable Incorporation Details
| Onix Renewable Limited CIN Number | U31501GJ2014PLC080979 |
| Onix Renewable Limited Registration Date | 07-Oct-14 |
| Category / Sub-Category of Onix Renewable Limited | Public Companies having a share capital |
| Onix Renewable Limited Registered Office Address | P-212 B, Gate No: 2, Lodhika GIDC, Rajkot, Metoda, Gujarat, India, 360021 |
Onix Renewable Board of Directors
| Director | Post |
| DIVYESH KUMAR MANSUKH LAL SAVALIYA | Director |
| MANSUKH CHANABHAI SAVALIA | Director |
| NIKHIL HARESHBHAI SAVALIYA | Director |
Onix Renewable Limited Principal Business Activities
| Name and Description of main products/Services | NIC Code of the product/service | % to total turnover of the Company |
| Manufacture of electric filament lamps including manufacture of sealed beam lamp units | 31501 | 100.00 |
Onix Renewable Particulars of Holding, Subsidiaries, & Associate Companies
| Company Name | Subsidiary/ Holding/ Associate | % of Shares held |
| Onix Tech Packaging Private Limited | Subsidiary | 99% |
| Onix Tech Renewable Private Limited | Subsidiary | 99% |
| Onix Tech Services Private Limited | Subsidiary | 99% |
Onix Renewable Shareholding Pattern (Rs in Thousand)
| Particulars | No. Of Shares | % of Shares Held |
| Promoter | 2336300 | 100 |
| Public Shareholding | - | - |
| Total | 2336300 | 100 |
Onix Renewable Limited Consolidated Balance Sheet (Rs in Lakhs)
| Particulars | 31-03-2024 | 31-03-2023 |
|---|---|---|
| Equity and Liabilities | ||
| Share Capital | 167.00 | 155.00 |
| Reserves and Surplus | 9,580.47 | 1,641.27 |
| Minority Interest | -0.32 | -0.79 |
| Non-Current Liabilities | ||
| Long-Term Borrowings | 6,530.18 | 1,096.50 |
| Other Long-Term Liabilities | 502.58 | 655.83 |
| Long-Term Provisions | 0.00 | 0.00 |
| Current Liabilities | ||
| Short-Term Borrowings | 2,470.70 | 700.38 |
| Trade Payables | 14,365.75 | 4,326.08 |
| Other Current Liabilities | 14,494.89 | 571.80 |
| Short-Term Provisions | 1,400.37 | 244.82 |
| Total Equity and Liabilities | 49,511.63 | 9,390.88 |
| Non-Current Assets | ||
| Tangible Assets | 1,086.80 | 735.54 |
| Intangible Assets | 0.00 | 0.00 |
| Tangible Assets Capital Work-in-Progress | 0.00 | 393.29 |
| Non-Current Investments | 11.60 | 11.44 |
| Deferred Tax Assets (Net) | 63.71 | 14.54 |
| Long-Term Loans and Advances | 0.00 | 0.00 |
| Other Non-Current Assets | 3,611.25 | 1,569.99 |
| Current Assets | ||
| Inventories | 10,613.80 | 2,735.43 |
| Trade Receivables | 13,421.08 | 1,597.92 |
| Cash and Bank Balances | 212.80 | 857.50 |
| Short-Term Loans and Advances | 17,448.00 | 591.05 |
| Other Current Assets | 3,042.59 | 884.18 |
| Total Assets | 49,511.63 | 9,390.88 |
Onix Renewable Limited Consolidated Profit & Loss Statement (Rs in Lakhs)
| Particulars | 31-03-2024 | 31-03-2023 |
|---|---|---|
| Revenue | ||
| Revenue from sale of products | 8.99 | 1.57 |
| Revenue from sale of services | 26.04 | 13.07 |
| Other income | 0.13 | 0.02 |
| Total revenue | 35.17 | 14.67 |
| Expenses | ||
| Cost of materials consumed | 15.21 | 0.00 |
| Purchases of stock-in-trade | 13.21 | 10.15 |
| Changes in inventories of finished goods, work-in-progress, and stock-in-trade | -6.61 | -1.55 |
| Employee benefit expense | 1.40 | 0.60 |
| Finance costs | 0.45 | 0.15 |
| Depreciation expense | 0.10 | 0.02 |
| Total depreciation, depletion, and amortisation expense | 0.10 | 0.02 |
| CSR expenditure | 0.01 | 0.00 |
| Other expenses | 6.11 | 4.19 |
| Total expenses | 29.89 | 13.56 |
| Profit before tax | 5.28 | 1.10 |
| Current tax | 1.39 | 0.24 |
| Deferred tax | -0.05 | -0.002 |
| Total profit for the period | 3.94 | 0.86 |
| Earnings per Equity Share | ||
| Basic earnings per equity share | 253.06 | 55.67 |
| Diluted earnings per equity share | 253.06 | 55.67 |
Onix Renewable Limited Consolidated Cash Flow Statement (Rs in Lakhs)
| Particulars | 31-03-2024 | 31-03-2023 |
|---|---|---|
| Cash Flows from Operating Activities | ||
| Profit before extraordinary items and tax | 5,278.63 | 1,103.94 |
| Adjustments for Reconcile Profit (Loss): | ||
| Adjustments for finance costs | 453.09 | 151.12 |
| Adjustments for depreciation and amortisation expense | 103.61 | 16.00 |
| Other adjustments (investing or financing cash flow) | -33.50 | -7.70 |
| Total Adjustments to Profit (Loss) | 523.20 | 159.42 |
| Adjustments for Working Capital | ||
| Decrease (increase) in inventories | -7,878.37 | -1,553.45 |
| Decrease (increase) in trade receivables | -11,823.16 | -913.51 |
| Decrease (increase) in other current assets | -4,188.92 | -1,065.60 |
| Increase (decrease) in trade payables | 10,039.67 | 4,302.36 |
| Increase (decrease) in other current liabilities | 13,769.84 | 300.61 |
| Adjustments for provisions | 1,155.55 | 0.00 |
| Total Adjustments for Working Capital | 1,074.61 | 1,070.41 |
| Total Adjustments for Reconcile Profit (Loss) | 1,597.81 | 1,229.83 |
| Net Cash Flows from (Used in) Operations | 6,876.45 | 2,333.77 |
| Income taxes paid (refund) | 1,388.90 | 293.48 |
| Net Cash Flows from (Used in) Operating Activities | 5,487.54 | 2,040.29 |
| Cash Flows from Investing Activities | ||
| Purchase of tangible assets | -61.59 | -389.06 |
| Proceeds from sales of intangible assets | 0.00 | 0.02 |
| Cash advances and loans made to other parties | -16,485.43 | 0.00 |
| Interest received | 33.50 | 7.75 |
| Other inflows (outflows) of cash | -382.42 | -1,299.86 |
| Net Cash Flows from (Used in) Investing Activities | -16,895.94 | -1,681.15 |
| Cash Flows from Financing Activities | ||
| Proceeds from issuing shares | 4,056.00 | 0.00 |
| Proceeds from borrowings | 7,204.00 | 501.85 |
| Repayments of borrowings | 0.00 | 0.00 |
| Interest paid | -453.09 | -151.12 |
| Other inflows (outflows) of cash | -43.22 | 0.00 |
| Net Cash Flows from (Used in) Financing Activities | 10,763.69 | 350.72 |
| Net Increase (Decrease) in Cash and Cash Equivalents | -644.70 | 709.87 |
| Cash and Cash Equivalents at End of Period | 212.80 | 857.50 |
Summary of Cash Flow Statement for the Financial year 2024 and 2023:
Cash Flows from Operating Activities:
The company generated a strong operating cash flow of ₹5,487.54 lakhs in 2024, up from ₹2,040.29 lakhs in 2023. This improvement was primarily driven by a significant increase in profit before tax and effective adjustments for non-cash expenses, such as finance costs and depreciation. Despite a large increase in working capital requirements, including higher inventories and trade receivables, the company maintained a healthy cash inflow from its operations.
Cash Flows from Investing Activities:
In Investing Activities, the company had a substantial outflow of ₹16,895.94 lakhs in 2024, compared to ₹1,681.15 lakhs in 2023. The key factor driving this was the cash advances and loans made to other parties (₹16,485.43 lakhs). This was offset by a smaller outflow related to tangible asset purchases and some inflows from interest received.
Cash Flows from Financing Activities:
Financing Activities saw a significant inflow of ₹10,763.69 lakhs in 2024, primarily from the issuance of shares (₹4,056.00 lakhs) and proceeds from borrowings (₹7,204.00 lakhs). The company also paid interest (₹453.09 lakhs) but had a strong overall cash inflow from financing activities, boosting its financial position.
Net Cash Equivalents:
Despite the positive cash flows from operating and financing activities, the company experienced a net decrease in cash and cash equivalents of ₹644.70 lakhs, bringing the cash balance down to ₹212.80 lakhs by the end of the period. This was largely due to the heavy outflows in investing activities, especially the loans and advances made.
Financial Ratios of Onix Renewable Limited
| Particulars | 31-03-2024 | 31-03-2023 |
|---|---|---|
| Liquidity & Solvency Ratios | ||
| Current Ratio | 1.37 | 1.14 |
| Debt-Equity Ratio | 0.92 | 1.00 |
| Return on Equity (ROE) | 68.25% | 59.56% |
| Net Profit Ratio | 11.24% | 5.89% |
| Inventory Turnover Ratio | 5.25 | 8.23 |
| Trade Receivables Turnover Ratio | 4.67 | 11.04 |
| Trade Payables Turnover Ratio | 3.18 | 3.19 |
| Net Capital Turnover Ratio | 2.92 | 17.80 |
| Return on Capital Employed (ROCE) | 30.57% | 34.93% |
Here is a summary of the financial and operational metrics for Onix Renewable Limited for the year 2024 and 2023:
Current Ratio: The current ratio increased from 1.14 in 2023 to 1.37 in 2024. This ratio indicates the company’s ability to cover its short-term liabilities with its short-term assets. A ratio above 1 suggests that the company has sufficient assets to cover its current liabilities.
Debt-Equity Ratio: The debt-equity ratio decreased from 1.00 in 2023 to 0.92 in 2024, indicating a reduction in the company’s financial leverage. A lower debt-equity ratio suggests that the company is relying less on debt to finance its operations, which could imply a more conservative and less risky capital structure.
Return on Equity (ROE): The ROE improved significantly from 59.56% in 2023 to 68.25% in 2024. This ratio measures the profitability relative to shareholders’ equity. A higher ROE indicates better efficiency in generating profits from equity investments.
Net Profit Ratio: The net profit ratio increased from 5.89% in 2023 to 11.24% in 2024. This ratio measures the percentage of revenue that turns into profit after all expenses.
Inventory Turnover Ratio: The inventory turnover ratio decreased from 8.23 in 2023 to 5.25 in 2024. This ratio measures how many times the company sells and replaces its inventory during the year.
Trade Receivables Turnover Ratio: The trade receivables turnover ratio declined from 11.04 in 2023 to 4.67 in 2024. This ratio indicates how effectively the company collects its receivables.
Trade Payables Turnover Ratio: The trade payables turnover ratio remained almost constant at 3.18 in 2024, compared to 3.19 in 2023. This ratio measures how quickly the company pays off its suppliers.
Net Capital Turnover Ratio: The net capital turnover ratio decreased sharply from 17.80 in 2023 to 2.92 in 2024. This ratio reflects how effectively the company uses its capital to generate revenue.
Return on Capital Employed (ROCE): The ROCE decreased from 34.93% in 2023 to 30.57% in 2024. This ratio indicates how well the company is generating profit from its total capital (equity + debt).
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