Onix Solar Energy Files FY26 Annual Report
Onix Solar Energy Limited has filed its 46th Annual Report for the Financial Year ended March 31, 2026. The report details a significant transformation for the company, which has rebranded and redirected its focus to solar module manufacturing. Key highlights include a move from a dormant BSE entity to a solar manufacturer with two operating plants and a roadmap for expansion to nearly 1.4 GW capacity. The company raised ₹310.04 crore through two rights issues, significantly increasing consolidated equity to ₹774.19 crore with minimal debt. Standalone revenue was ₹157.12 crore, and consolidated revenue, including a newly acquired subsidiary, was ₹165.42 crore, with a consolidated profit after tax of ₹31.48 crore for FY26.
Key Highlights
- Company transformed into a solar module manufacturer with expansion plans.
- Raised ₹310.04 Cr via rights issues, boosting equity to ₹774.19 Cr.
- FY26 consolidated revenue ₹165.42 Cr, PAT ₹31.48 Cr.
- Acquired a new subsidiary, Nexgenix.
- Current module capacity is 200 MW, targeting ~1.4 GW post-expansion.
Price Impact
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