Join our Whatsapp Community for Daily Price Sheets and News

Onix Renewable Limited Shares Financial Reports

Access detailed financial statements and quarterly reports

Back to Onix Renewable Limited Shares

Financial Statements & Reports

Access comprehensive financial reports and statements for Onix Renewable Limited Shares

Onix Renewable Limited Shares

Financial Year: 2024

Here's a comprehensive summary of the provided financial statement PDF, formatted for clarity and with the objectives outlined in the prompt: **ONIX RENEWABLE LIMITED - Consolidated Financial Statements (April 1, 2023 - March 31, 2024)** This document contains the consolidated financial statements of ONIX RENEWABLE LIMITED and its subsidiaries for the fiscal year spanning April 1, 2023, to March 31, 2024, with comparative figures from April 1, 2022, to March 31, 2023. All monetary values are expressed in thousands of Indian Rupees (INR). **1. General Information:** * **Company:** ONIX RENEWABLE LIMITED * **Corporate Identity Number:** U31501GJ2014PLC080979 * **Address:** P-212 B, Gate No:2, Lodhika GIDC, Metoda, Rajkot, Gujarat, India, 360021 * **Industry:** Commercial and Industrial * **Registration Date:** October 7, 2014 * **Category:** Company limited by shares/Non-government company * **Listing Status:** Not a listed company * **Number of Employees:** 777 * **Sustainability Report:** No sustainability report was published * **Reporting Period:** 12 Months * **Reporting Dates:** April 1, 2023 - March 31, 2024 * **Nature of Report:** Consolidated * **Presentation Currency:** INR * **Rounding:** Thousands * **Cash Flow Statement Method:** Indirect Method **2. Auditors' Report:** * **Auditor Firm:** S.D. Mehta & Co. * **Signing Auditor:** SHAISHAV DEVESHRAI MEHTA * **Firm Registration Number:** 137193W * **Auditor Membership Number:** 032891 * **Auditor Address:** 1601, 16th Floor, Himalaya Business Center, B/H. BRTS Bus Stand, Nr. RTO Circle, 132 Ft. Ring Road, Ahmedabad - 380027 * **Auditor Firm PAN:** ACMFS4446A * **SRN of Form ADT-1:** N04413795 * **Audit Report Signing Date:** September 5, 2024 * **Balance Sheet Signing Date:** September 5, 2024 * **Auditor's Report Order Applicability:** Not applicable * **Auditor's Report Qualification:** No qualifications, reservations, or adverse remarks. The report expresses an unmodified opinion on the consolidated financial statements, indicating they present a true and fair view in accordance with the Companies Act, 2013, and Accounting Standards. The audit was conducted according to Standards on Auditing (SAs). Key audit matters (KAM) were addressed within the context of the audit as a whole, and no separate opinion is provided on these matters. **3. Financial Position (Balance Sheet):** *(Amounts in Thousands of INR)* | Item | March 31, 2024 | March 31, 2023 | | ------------------------- | -------------- | -------------- | | **Equity and Liabilities** | | | | Share Capital | 16,700 | 15,500 | | Reserves and Surplus | 9,58,047.07 | 1,64,126.64 | | **Total Equity** | 9,74,747.07 | 1,79,626.64 | | Long-Term Borrowings | 6,53,018.45 | 1,09,650.03 | | Other Long-Term Liabilities | 50,257.75 | 65,582.75 | | **Total Non-Current Liabilities**| 7,03,276.2 | 1,75,232.78 | | Short-Term Borrowings | 2,47,069.78 | 70,037.84 | | Trade Payables | 14,36,575.06 | 4,32,607.62 | | Other Current Liabilities | 14,49,489.07 | 57,180.23 | | Short-Term Provisions | 1,40,037.05 | 24,482.3 | | **Total Current Liabilities** | 32,73,170.96 | 5,84,307.99 | | **Total Equity and Liabilities**| 49,51,162.54 | 9,39,088.12 | | **Assets** | | | | Tangible Assets | 1,08,680.28 | 73,553.51 | | Non-Current Investments | 1,160.42 | 1,144.38 | | Deferred Tax Assets (Net) | 6,370.53 | 1,453.88 | | Other Non-Current Assets | 3,61,124.61 | 1,56,999.46 | | **Total Non-Current Assets**| 4,77,335.84 | 2,72,479.83 | | Inventories | 10,61,379.91 | 2,73,543.2 | | Trade Receivables | 13,42,107.93 | 1,59,792.3 | | Cash and Bank Balances | 21,279.85 | 85,750.19 | | Short-Term Loans & Advances | 17,44,799.58 | 59,104.68 | | Other Current Assets | 3,04,259.43 | 88,417.92 | | **Total Current Assets** | 44,73,826.7 | 6,66,608.29 | | **Total Assets** | 49,51,162.54 | 9,39,088.12 | **4. Financial Performance (Cash Flow Statement):** *(Amounts in Thousands of INR)* | Item | March 31, 2024 | March 31, 2023 | | ------------------------------------------------------------- | -------------- | -------------- | | Profit Before Tax | 5,27,863.35 | 1,10,394.2 | | Net Cash Flow from Operations | 5,48,754.23 | 2,04,029.36 | | Net Cash Flow from Investing | -16,89,593.9 | -1,68,115.07 | | Net Cash Flow from Financing | 10,76,369.33 | 35,072.47 | | Net Increase/(Decrease) in Cash | -64,470.34 | 70,986.76 | | Cash and Cash Equivalents at End of Period | 21,279.85 | 85,750.19 | **5. Share Capital:** * **Authorized Capital:** 25,000,000 Equity Shares * **Issued Capital:** 1,670,000 Equity Shares * Increase in share capital during period of 120,000 shares. * **Shareholders holding more than 5% shares:** Mansukh Chanabhai Savalia and Divyeshkumar Mansukhlal Savaliya * Shares in company held by holding/ultimate holding company or subsidiaries/associates: Nil **6. Borrowings:** * Secured Term loans from banks are detailed, including interest rates and installment details. * Long-term borrowings include loans from Canara Bank, HDFC Bank, and ICICI Bank. * Short-term borrowings include Canara Bank CC, Bank of India CC and ICICI Bank OD A/c. **7. Key Ratios:** * Current Ratio: 1.37 (2024), 1.14 (2023) * Debt-Equity Ratio: 0.92 (2024), 1.00 (2023) * Return on Equity Ratio: 68.25% (2024), 59.56% (2023) * Inventory turnover ratio: 5.25 (2024), 8.23 (2023) **8. Other Key Points:** * The company did not declare any dividend * Company has used accounting software with audit trail facility enabled * The auditor's report on Internal Financial Controls over Financial Reporting expresses an unmodified opinion * Directors are not disqualified under Section 164(2) of the Act * Directors' remuneration is in compliance with Section 197 of the Act. * The company is compliant with applicable Accounting Standards. * There are no pending litigations that would impact the company's financial position * No long term contracts including derivative contracts for which there were any material foreseeable losses * No amounts were required to be transferred to the Investor Education and Protection Fund * The company has complied with relevant ethical requirements regarding independence

View Report
PDF

Our Blogs

Our blog provides insightful information about unlisted shares, offering a deeper understanding of how these assets work, their potential benefits, and the risks involved. Whether you're new to unlisted shares or looking to expand your knowledge, we cover topics such as investment strategies, valuation methods, market trends, and regulatory aspects. Stay updated with expert tips and guides to navigate the unlisted share market effectively.

FAQ's

What are unlisted shares?

+

Unlisted shares are stocks of companies that are not listed on any stock exchange, meaning they are not publicly traded. These shares are typically available for trade in the private market through brokers, and can offer unique investment opportunities.

How can I buy unlisted shares?

+

You can buy unlisted shares through a broker or platform that specializes in unlisted share transactions. We provide a secure and easy way to purchase unlisted shares from top companies, ensuring a smooth transaction process.

What is the share price of unlisted companies?

+

The share prices of unlisted companies can fluctuate based on various factors like market demand, company performance, and private transactions. You can check the latest share prices for unlisted companies on our website for real-time updates.

Are unlisted shares a good investment?

+

Unlisted shares can offer higher growth potential, as they are typically not subject to the same market volatility as listed shares. However, they come with higher risk due to limited liquidity and availability of information. It's important to research thoroughly and consult experts before investing.

How can I sell unlisted shares?

+

To sell unlisted shares, you can connect with a broker or platform that facilitates the sale of private stocks. We help investors buy and sell unlisted shares with ease, ensuring that your transaction is handled professionally and securely.

What are the risks of investing in unlisted shares?

+

Yes, unlisted shares can eventually be listed on a stock exchange through an Initial Public Offering (IPO). This process allows the company to offer its shares publicly and be traded on major exchanges, potentially increasing liquidity and visibility.

What is the share price of unlisted companies?

+

Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.

How do I know the current value of unlisted shares?

+

The value of unlisted shares is typically determined by private transactions, financial reports, and market demand. We provide the latest updates on share prices of unlisted companies, giving you the most accurate valuation available.

Is there a minimum investment amount for unlisted shares?

+

The minimum investment for unlisted shares can vary depending on the company and broker. Generally, the minimum investment is higher than for listed stocks, but we provide detailed information to help you make the best investment decisions.

Can I get a dividend from unlisted shares?

+

Yes, unlisted shares may pay dividends if the company has declared them. However, since these companies may be in their growth stage, dividend payments are not always guaranteed. It's important to check the company's financial health before investing.

How do I know which unlisted shares are worth investing in?

+

It's important to conduct thorough research on the company's financials, management, market potential, and overall business model. You can also seek professional advice from experts to help you choose unlisted shares with strong growth prospects.

Are unlisted shares taxed?

+

Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.

WhatsAppContact Us