Sector Alpha Week of 2026-09-25
Not SEBI Registered !! Not Investment advice !!
Sector Alpha — machine-written from the numbers · Data as of 2026-09-25

Onix Solar Energy Ltd

ONIXSOLAR
Trading

Onix Solar Energy Ltd's earnings have outrun its stock. EPS grew +106.0% in a year against a +23.4% price move.

The sharpest disagreement: profits are rising, but only −662% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.

The price is in a confirmed uptrend (40 weeks in). Underneath, the last four quarters read improving — profit +200.0% year on year, and −662% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.

Price
₹337
+23.4% 1Y
P/E
27.5×
of its own 0-year range
Revenue (Jun 26)
₹95.0 Cr
−7.8% YoY
Profit (Jun 26)
₹21.0 Cr
+200.0% YoY
Operating margin
30.0%
+23.0 pp YoY
ROCE
11%
FY26
Cash conversion
−662%
of profit, last 3 FY
Unverified figures: Some figures on this page come from a second financial-data feed that could not be cross-checked against the primary source — the two do not share enough overlapping reported history to compare. They are drawn, because they are the only evidence there is, and every section carrying one is marked unverified.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Onix Solar Energy Ltd trades at ₹337, in a confirmed uptrend and 40 weeks into that stage. That is −20.3% against its own 200-day average. It sits at 25% of a 52-week range of ₹216 to ₹710. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (10 weeks and counting).

Today the stock is in a confirmed uptrend — week 40 of stage 2. At ₹337 it trades −20.3% versus its 200-day average and sits at 25% of its 52-week range (₹216–₹710).

Sep 26: ₹337 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
−20.3% versus the 200-day line, week 40 of stage 2
Price50-day avg200-day avg
S2S2₹763₹569₹375₹182₹−12.3₹₹337₹423Sep 23May 24Feb 25Oct 25Sep 26
S2S2₹763₹569₹375₹182₹−12.3₹₹337₹423Sep 23Feb 25Sep 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (422 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 16Sep 26

Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +2,330% while the NIFTY 500 moved +262% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (10 weeks and counting; last ahead the week of 2026-07-24) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Onix Solar Energy Ltd trades at 27.5× P/E, against too little history to rank. Its long-run median P/E is 29.6×, measured across 0.2 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 27.5× is against too little history to rank, against a long-run median of 29.6× measured over 0.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 27.5× vs a 29.6× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 0.2-year window. The eps (ttm) bars are red where the reading is lower than the quarter before.
against too little history to rank
P/EMedianEPS (TTM) (quarterly)
47.0×₹9.240.1×₹6.933.3×₹4.626.5×₹2.319.6×₹0.0×₹39.50×₹9Jul 26Jul 26Aug 26Sep 26Sep 26
47.0×₹9.240.1×₹6.933.3×₹4.626.5×₹2.319.6×₹0.0×₹39.50×₹9Jul 26Aug 26Sep 26
P/E
27.5×
too little history to rank

Why the multiple sits where it does: over the past year annual EPS moved +106.0% against a +23.4% price move — earnings outran the price, pushing the multiple DOWN its own range.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

03 · Stage: No read

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Onix Solar Energy Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 6 quarters across 1 curve, on partial evidence.

Growth, year by year: revenue +469.0% in FY26, profit +3,000.0% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn. Turnaround-year spikes shown pinned (▲).
Revenue YoYProfit YoYEPS YoY
515%348%350%174%185%0.0%19%−174%−146%−348%%%469%300%FY16FY21FY26
515%348%350%174%185%0.0%19%−174%−146%−348%%%469%300%FY16FY21FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Base-effect spikes shown pinned (▲). A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · profit rolling over
RevenueProfitEPS
240%329%183%223%125%116%68%9.2%10%−98%%%26.2%300%−68.1%Sep 23Dec 24Jun 26
240%329%183%223%125%116%68%9.2%10%−98%%%26.2%300%−68.1%Sep 23Dec 24Jun 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
36%22%9.0%−4.3%−18%%11%FY23FY24FY26
36%22%9.0%−4.3%−18%%11%FY23FY24FY26
ROCE
Stuck low
latest 11.0% · span −14.0%–32.0%

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+469.0%——+55.5%
Profit+3,000.0%+149.3%——
EPS+106.0%−0.7%——
Share price+23.4%+82.2%+96.7%+32.3%
Revenue YoY (Jun 26)
−7.8%
latest quarter vs a year ago
Profit YoY (Jun 26)
+200.0%
latest quarter vs a year ago
Revenue 10y
55.5%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

54.8/100 — rank 16 of 58 in Trading · 69% evidence confidence

Onix Solar Energy Ltd scores 54.8 out of 100 against the 58 companies it is compared with in Trading, ranking 16. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 20.6 + 11.7 + 10.1 + 12.4 = 54.8. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Onix Solar Energy Ltd reported ₹95.0 Cr of revenue in the Jun 26 quarter, −7.8% year on year. Over 10 years it has compounded at 55.5% a year. The last full year, FY26, came in at ₹165 Cr. The last four reported quarters add to ₹231 Cr.

FY26 revenue came in at ₹165 Cr (+469.0% on the year), capping 10 years at 55.5% compound. The latest quarter (Jun 26) printed ₹95.0 Cr, −7.8% year on year.

FY26 revenue ₹165 Cr (+469.0% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
55.5% a year over 10 years
RevenueYoY growth
178515%134350%89185%4519%0−146%₹ Cr%₹165469%FY16FY21FY26
178515%134350%89185%4519%0−146%₹ Cr%₹165469%FY16FY21FY26
Jun 26: ₹95.0 Cr (−7.8% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Revenue (quarterly)YoY growth
111259%83170%5681%28−7.5%0−96%₹ Cr%₹95−7.8%Sep 23Dec 24Jun 26
111259%83170%5681%28−7.5%0−96%₹ Cr%₹95−7.8%Sep 23Dec 24Jun 26

Pace check: the last four quarters averaged +51.7% growth against the decade's 55.5% — the current year is running slower than its own long-run rate.

Acceleration check: TTM profit +342.9% vs +687.4%/yr — rolling over.

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Onix Solar Energy Ltd's operating margin is 30.0% in the Jun 26 quarter, +23.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged −5,300.0% to 28.0%. The current quarter is running above every full year in that window.

The latest quarter's operating margin is 30.0%, +23.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −5,300.0%–28.0%, and FY26's 28.0% is the top of that band — a record year.

Why the margin moved: operating margin went +22.8 pp year on year while gross margin went +19.1 pp — the gain came mostly from the gross line: input costs and pricing.

Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.

FY26: 28.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
the widest a −5,300.0–28.0% band over 13 years
operating marginYoY change (pp)
454%6,092%−1,091%3,235%−2,636%377%−4,181%−2,481%−5,726%−5,338%%%28%24.2%FY14FY20FY26
454%6,092%−1,091%3,235%−2,636%377%−4,181%−2,481%−5,726%−5,338%%%28%24.2%FY14FY20FY26
Jun 26: 30.0% operating margin (+23.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
223%1,741%−266%1,263%−756%785%−1,246%307%−1,735%−171%%%30%23%Sep 23Dec 24Jun 26
223%1,741%−266%1,263%−756%785%−1,246%307%−1,735%−171%%%30%23%Sep 23Dec 24Jun 26
07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Onix Solar Energy Ltd earned ₹21.0 Cr of net profit in the Jun 26 quarter, +200.0% year on year. It is the 3rd consecutive quarter of growth. Full-year FY26 profit was ₹31.0 Cr. That is 22.1% of the quarter's revenue. The same quarter a year earlier earned ₹7.0 Cr. 1 of the last 12 reported quarters were loss-making.

Jun 26 profit was ₹21.0 Cr, +200.0% year on year — the 3rd consecutive quarter of growth. On the full year, FY26 printed ₹31.0 Cr (+3,000.0%).

FY26 profit ₹31.0 Cr (+3,000.0% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
Net profitYoY growth
333,248%252,349%171,450%8551%0−348%₹ Cr%₹313,000%FY16FY21FY26
333,248%252,349%171,450%8551%0−348%₹ Cr%₹313,000%FY16FY21FY26
Jun 26: ₹21.0 Cr (+200.0% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
3rd straight quarter of growth
Net profit (quarterly)YoY growth
302,916%222,133%141,350%5567%−3−216%₹ Cr%₹21200%Sep 23Dec 24Jun 26
302,916%222,133%141,350%5567%−3−216%₹ Cr%₹21200%Sep 23Dec 24Jun 26

Why profit moved: revenue contributed −7.8% and the margin +23.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.

Pace comparison, last four quarters: profit +1,011.1% vs revenue +51.7%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years −662% of Onix Solar Energy Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−236 Cr of operating cash against ₹31.0 Cr of profit. After ₹460 Cr of capital spending, ₹−696 Cr was left as free cash.

FY26: operating cash of ₹−236 Cr against reported profit of ₹31.0 Cr, leaving free cash of ₹−696 Cr after ₹460 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −662% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹−236 Cr vs profit ₹31.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution.
−662% of 3-year profit arrived as cash
Operating cashNet profitFree cash
89−122−333−543−754₹ Cr₹−236₹31₹−696FY16FY21FY26
89−122−333−543−754₹ Cr₹−236₹31₹−696FY16FY21FY26
FY26: CFO = −761% of profit (three-year rate −662%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
385%77%−231%−538%−846%%−761%FY16FY21FY26
385%77%−231%−538%−846%%−761%FY16FY21FY26

🚨 Why conversion sits at −662%: the cash cycle tightened 1,725 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Onix Solar Energy Ltd's cash conversion cycle runs 461 days in FY26, down from 2,186 days in FY21. Capital spending ran ₹460 Cr over the last 3 years. At FY26 sales of ₹165 Cr each day of that cycle holds about ₹0.5 Cr, so roughly ₹208 Cr sits inside the business at any moment.

FY26: debtors at 262 days, inventory at 264 days — roughly 8.7 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 461 days, tighter than FY21's 2,186.

The full loop: cash goes out to suppliers and production on day 0; stock waits 264 days to sell; customers pay about 262 days after that; and suppliers themselves are paid at 65 days — netting out to the 461-day cycle.

In money terms: at FY26 sales of ₹165 Cr, each day of the cycle holds about ₹0.5 Cr — so the 461-day loop keeps roughly ₹208 Cr sitting inside the business at any moment.

FY26: a 461-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 13-year window.
−1,725 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
13,79710,0926,3882,683−1,022days461d264d262d65dFY14FY17FY20FY23FY26
13,79710,0926,3882,683−1,022days461d264d262d65dFY14FY20FY26

On the investment side: capital spending of ₹460 Cr over the last 3 fiscal years. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹460 Cr, work-in-progress ₹0.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
steady investment
CapexWork-in-progress
4973732481240₹ Cr₹460₹0FY16FY18FY21FY23FY26
4973732481240₹ Cr₹460₹0FY16FY21FY26

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Onix Solar Energy Ltd earns a ROCE of 11% in FY26. That is up from a trough of −48% in FY22. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 18.8% net margin on 0.19× asset turns.

FY26 ROCE is 11%, recovered from a FY22 trough of −48% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 18.8% net margin × 0.19× asset turns × 1.12× balance-sheet leverage ≈ 4.0% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.

FY26: ROCE 11% Return on capital employed by fiscal year, % (line). 13-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY22's −48%
ROCEWACC
38%15%−8.0%−31%−54%%11%FY14FY17FY20FY23FY26
38%15%−8.0%−31%−54%%11%FY14FY20FY26
11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Onix Solar Energy Ltd carries ₹57.0 Cr of borrowings against ₹774 Cr of equity in FY26, a debt-to-equity of 0.07. Operating profit covers the interest bill 16×. Over 5 years borrowings went from ₹2.0 Cr to ₹57.0 Cr. Capital spending ran ₹460 Cr across the last 3 of those years.

FY26: borrowings of ₹57.0 Cr against equity of ₹774 Cr — a debt-to-equity of 0.07. Operating profit covers the interest bill 16×. Over 5 years borrowings went from ₹2.0 Cr to ₹57.0 Cr while capital spending ran ₹460 Cr in just the last 3 — part of the build-out is riding on borrowed money.

FY26: borrowings ₹57.0 Cr at 0.07× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 13-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
the debt trajectory
BorrowingsDebt-to-equity
622.2×461.6×311.0×150.4×0−0.2×₹ Cr×₹570.07×FY14FY17FY20FY23FY26
622.2×461.6×311.0×150.4×0−0.2×₹ Cr×₹570.07×FY14FY20FY26
12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Promoters added 50.2 points of Onix Solar Energy Ltd over 8 quarters, the biggest move on the register. That takes promoters to 50.2% of the company. Domestic institutions moved +0.8 points over the same window, to 0.8%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: +50.2 points over 8 quarters to 50.2%; Domestic institutions: +0.8 points over 8 quarters to 0.8%.

Why the register moved: promoters drove it (+50.2 points), alongside domestic institutions (+0.8 points) — steady accumulation by institutions reading the same numbers this page reads.

Fiscal-year ends: promoters +73.8 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersDomestic inst.Public
108%79%50%21%−8.0%%75.0%0.8%24.3%Mar 24Mar 25Mar 26
108%79%50%21%−8.0%%75.0%0.8%24.3%Mar 24Mar 25Mar 26
Promoters added 50.2 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersDomestic inst.Public
108%79%50%21%−8.0%%50.2%0.8%49%Jun 23Dec 24Jun 26
108%79%50%21%−8.0%%50.2%0.8%49%Jun 23Dec 24Jun 26
13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Onix Solar Energy Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

14 · Related companies · Trading
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Nupur Recyclers LtdNRL 67.5/100Favorable setup87% evidence LEADER 22.2/35 Revenue 40.6% · PAT 29.8% · OPM change 3.6 pp 95% evidence 16.6/25 ROCE 15.1% · OPM 11.6% 95% evidence 8.8/20 P/E 65.1× · PEG — 50% evidence 19.9/20 RS sector 91.7% · RS bench 122% · 1Y 108.2%12 of 12 weeks ahead 100% evidence
Exact sum: 22.2 + 16.6 + 8.8 + 19.9 = 67.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Magnus Steel & Infra Ltd517320 67.2/100Thin evidence · provisional56% evidence 27.5/35 Revenue 100% · PAT 100% · OPM change 1.6 pp 83% evidence 18.5/25 ROCE 171% · OPM 21.3% 76% evidence 9.2/20 P/E 92.5× · PEG — 15% evidence 12.0/20 RS sector — · RS bench 46.1% · 1Y 1238.7%11 of 12 weeks ahead to 2026-06-28 25% evidence
Exact sum: 27.5 + 18.5 + 9.2 + 12 = 67.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
3Vision Infra Equipment Solutions LtdVIESL 66.5/100Thin evidence · provisional56% evidence BREAKING OUT 18.9/35 Revenue — · PAT — · OPM change 0 pp 26% evidence 19.9/25 ROCE 22.6% · OPM 26% 95% evidence 10.9/20 P/E 14× · PEG — 15% evidence 16.8/20 RS sector 14.5% · RS bench 34.1% · 1Y 52.1%9 of 12 weeks ahead 100% evidence
Exact sum: 18.9 + 19.9 + 10.9 + 16.8 = 66.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4Rashi Peripherals LtdRPTECH 63.3/100Mixed-positive evidence75% evidence LEADER 24.3/35 Revenue 40.4% · PAT 50.2% · OPM change -0.3 pp 95% evidence 14.7/25 ROCE 17% · OPM 3% 76% evidence 10.6/20 P/E 18.6× · PEG — 15% evidence 13.7/20 RS sector 55.9% · RS bench 78.7% · 1Y 180.7%12 of 12 weeks ahead 100% evidence
Exact sum: 24.3 + 14.7 + 10.6 + 13.7 = 63.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Shankara Buildpro LtdBUILDPRO 62.8/100Mixed-positive evidence63% evidence BREAKING OUT 25.1/35 Revenue 26.3% · PAT 41.9% · OPM change -0.2 pp 100% evidence 17.4/25 ROCE 39% · OPM 3.2% 100% evidence 10.3/20 P/E 23.3× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —10 of 12 weeks ahead 0% evidence
Exact sum: 25.1 + 17.4 + 10.3 + 10 = 62.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Pramara Promotions LtdPRAMARA 61.7/100Mixed-positive evidence69% evidence 22.3/35 Revenue 72.7% · PAT 100% · OPM change 1 pp 59% evidence 14.3/25 ROCE 15% · OPM 14.6% 95% evidence 14.4/20 P/E 14.2× · PEG — 50% evidence 10.7/20 RS sector 7.9% · RS bench -60.1% · 1Y -62.9%10 of 12 weeks ahead 70% evidence
Exact sum: 22.3 + 14.3 + 14.4 + 10.7 = 61.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Tembo Global Industries LtdTEMBO 61.4/100Mixed-positive evidence80% evidence TURNING 21.7/35 Revenue 34% · PAT 55.7% · OPM change 5 pp 95% evidence 18.5/25 ROCE 22.8% · OPM 16% 95% evidence 11.3/20 P/E 10.6× · PEG — 15% evidence 9.9/20 RS sector -15.7% · RS bench 0.5% · 1Y -4.7%1 of 12 weeks ahead 100% evidence
Exact sum: 21.7 + 18.5 + 11.3 + 9.9 = 61.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Arisinfra Solutions LtdARIS 58.5/100Mixed-positive evidence65% evidence BREAKING OUT 21.7/35 Revenue 45.3% · PAT 100% · OPM change 2 pp 95% evidence 15.1/25 ROCE 15.6% · OPM 11% 95% evidence 10.6/20 P/E 17.4× · PEG — 15% evidence 11.1/20 RS sector — · RS bench 12.5% · 1Y -12.1%6 of 11 weeks ahead 25% evidence
Exact sum: 21.7 + 15.1 + 10.6 + 11.1 = 58.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Ivalue Infosolutions LtdIVALUE 58.5/100Mixed-positive evidence65% evidence ASLEEP 20.2/35 Revenue 5.4% · PAT 22.1% · OPM change 5.6 pp 95% evidence 18.6/25 ROCE 25.4% · OPM 10% 95% evidence 11.2/20 P/E 11.1× · PEG — 15% evidence 8.5/20 RS sector — · RS bench -11.3% · 1Y -18.7%5 of 11 weeks ahead 25% evidence
Exact sum: 20.2 + 18.6 + 11.2 + 8.5 = 58.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Mangalam Global Enterprise LtdMGEL 58.4/100Mixed-positive evidence80% evidence 25.1/35 Revenue 41.4% · PAT 100% · OPM change 0.5 pp 95% evidence 15.9/25 ROCE 17% · OPM 1.9% 95% evidence 11.1/20 P/E 13× · PEG — 15% evidence 6.3/20 RS sector -15% · RS bench -0.2% · 1Y -6.2%4 of 5 weeks ahead to 2026-08-09 100% evidence
Exact sum: 25.1 + 15.9 + 11.1 + 6.3 = 58.4 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -15% and the one-year return is -6.2%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
11Euro Pratik Sales LtdEUROPRATIK 57.7/100Mixed-positive evidence78% evidence ASLEEP 14.9/35 Revenue 23.9% · PAT 29% · OPM change -8 pp 100% evidence 19.4/25 ROCE 36.9% · OPM 26% 100% evidence 15.2/20 P/E 25.3× · PEG 0.62 65% evidence 8.2/20 RS sector — · RS bench -20.6% · 1Y -9.2%5 of 11 weeks ahead 25% evidence
Exact sum: 14.9 + 19.4 + 15.2 + 8.2 = 57.7 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
12Singer India LtdSINGERIND 57.3/100Thin evidence · provisional52% evidence 26.1/35 Revenue 43.5% · PAT 100% · OPM change 6.5 pp 71% evidence 10.2/25 ROCE 10.9% · OPM 2.5% 76% evidence 10.1/20 P/E 25.9× · PEG — 15% evidence 10.9/20 RS sector — · RS bench 9.7% · 1Y — 25% evidence
Exact sum: 26.1 + 10.2 + 10.1 + 10.9 = 57.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13Aayush Art and Bullion Ltd540718 56.7/100Thin evidence · provisional54% evidence BREAKING OUT 21.0/35 Revenue 100% · PAT — · OPM change 1.6 pp 35% evidence 13.1/25 ROCE 18.9% · OPM 6% 76% evidence 8.8/20 P/E 253× · PEG — 15% evidence 13.8/20 RS sector -0.7% · RS bench 17.3% · 1Y 35.1%5 of 12 weeks ahead 100% evidence
Exact sum: 21 + 13.1 + 8.8 + 13.8 = 56.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
14Sudarshan Pharma Industries Ltd543828 56.4/100Mixed-positive evidence82% evidence FADING 20.5/35 Revenue 32.9% · PAT 24.3% · OPM change 1.5 pp 95% evidence 13.7/25 ROCE 15.1% · OPM 9.1% 76% evidence 8.5/20 P/E 38.2× · PEG — 50% evidence 13.7/20 RS sector 11.1% · RS bench 29.7% · 1Y 32.2%11 of 12 weeks ahead 100% evidence
Exact sum: 20.5 + 13.7 + 8.5 + 13.7 = 56.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15Lloyds Enterprises LtdLLOYDSENT 55.0/100Mixed-positive evidence75% evidence TURNING 18.0/35 Revenue 33% · PAT -21.4% · OPM change 9 pp 95% evidence 11.2/25 ROCE 3.7% · OPM 16% 76% evidence 9.1/20 P/E 107× · PEG — 15% evidence 16.7/20 RS sector 6.1% · RS bench 24.9% · 1Y 19.1%9 of 12 weeks ahead 100% evidence
Exact sum: 18 + 11.2 + 9.1 + 16.7 = 55 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Onix Solar Energy Ltdthis pageONIXSOLAR 54.8/100Mixed-positive evidence69% evidence 20.6/35 Revenue 26.2% · PAT 100% · OPM change 23 pp 95% evidence 11.7/25 ROCE 11.3% · OPM 30% 76% evidence 10.1/20 P/E 27.5× · PEG — 15% evidence 12.4/20 RS sector 68.4% · RS bench -25.8% · 1Y 19.8%12 of 12 weeks ahead 70% evidence
Exact sum: 20.6 + 11.7 + 10.1 + 12.4 = 54.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17Patel Retail LtdPATELRMART 53.2/100Mixed-positive evidence65% evidence FADING 17.9/35 Revenue 42.3% · PAT 59.7% · OPM change -2.2 pp 95% evidence 14.3/25 ROCE 15.3% · OPM 6.1% 95% evidence 10.7/20 P/E 16.6× · PEG — 15% evidence 10.3/20 RS sector — · RS bench 2.1% · 1Y -12.3%4 of 11 weeks ahead 25% evidence
Exact sum: 17.9 + 14.3 + 10.7 + 10.3 = 53.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18Prostarm Info Systems LtdPROSTARM 51.8/100Mixed-positive evidence65% evidence TURNING 16.6/35 Revenue 30.5% · PAT 19.1% · OPM change 1.4 pp 95% evidence 16.0/25 ROCE 18% · OPM 8.5% 95% evidence 10.4/20 P/E 22.7× · PEG — 15% evidence 8.8/20 RS sector — · RS bench -4.7% · 1Y -31.9%0 of 11 weeks ahead 25% evidence
Exact sum: 16.6 + 16 + 10.4 + 8.8 = 51.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19Pervasive Commodities Ltd517172 51.0/100Thin evidence · provisional52% evidence TURNING 16.6/35 Revenue 25.6% · PAT -8.3% · OPM change -6.1 pp 95% evidence 14.4/25 ROCE 22.1% · OPM -10.2% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 10.0/20 RS sector — · RS bench — · 1Y —2 of 2 weeks ahead 0% evidence
Exact sum: 16.6 + 14.4 + 10 + 10 = 51 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
20Fabtech Technologies LtdFABTECH 50.9/100Thin evidence · provisional52% evidence ASLEEP 17.5/35 Revenue 14.2% · PAT 41% · OPM change 14.8 pp 71% evidence 12.4/25 ROCE 13.6% · OPM 5.7% 95% evidence 11.0/20 P/E 13.3× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y -25.2%0 of 11 weeks ahead 0% evidence
Exact sum: 17.5 + 12.4 + 11 + 10 = 50.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
21BMW Ventures LtdBMW 49.8/100Thin evidence · provisional55% evidence 16.7/35 Revenue 18.5% · PAT 24.2% · OPM change -0.6 pp 95% evidence 12.0/25 ROCE 12% · OPM 3.4% 76% evidence 11.1/20 P/E 12.2× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y -18.7%0 of 10 weeks ahead to 2026-08-23 0% evidence
Exact sum: 16.7 + 12 + 11.1 + 10 = 49.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
22Yogi LtdYOGI 48.8/100Thin evidence · provisional58% evidence 20.1/35 Revenue 97.5% · PAT 68.1% · OPM change -5.9 pp 62% evidence 10.1/25 ROCE 12.8% · OPM 2.6% 76% evidence 9.4/20 P/E 55.5× · PEG — 15% evidence 9.2/20 RS sector -6.5% · RS bench 2.3% · 1Y -4.3%2 of 12 weeks ahead 70% evidence
Exact sum: 20.1 + 10.1 + 9.4 + 9.2 = 48.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
23Bizotic Commercial Ltd543926 48.6/100Thin evidence · provisional58% evidence BASING 19.7/35 Revenue — · PAT — · OPM change 0 pp 26% evidence 18.7/25 ROCE 26.8% · OPM 8% 76% evidence 9.3/20 P/E 36.6× · PEG — 50% evidence 0.9/20 RS sector -85.7% · RS bench -11.9% · 1Y -76.9%0 of 12 weeks ahead 100% evidence
Exact sum: 19.7 + 18.7 + 9.3 + 0.9 = 48.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
24SG Mart LtdSGMART 48.3/100Mixed-negative evidence93% evidence LEADER 13.7/35 Revenue 10.4% · PAT 14.7% · OPM change 1.4 pp 100% evidence 8.4/25 ROCE 10.2% · OPM 4.5% 100% evidence 8.2/20 P/E 74.1× · PEG 1.92 65% evidence 18.0/20 RS sector 25.9% · RS bench 45.7% · 1Y 91.5%12 of 12 weeks ahead 100% evidence
Exact sum: 13.7 + 8.4 + 8.2 + 18 = 48.3 · Decision use: Price leads the evidence: RS versus the benchmark is 45.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
25Shiv Aum Steels LtdSHIVAUM 47.6/100Thin evidence · provisional55% evidence BREAKING OUT 16.8/35 Revenue — · PAT — · OPM change 1.3 pp 45% evidence 11.4/25 ROCE 8% · OPM 4.7% 95% evidence 7.3/20 P/E 73.2× · PEG — 50% evidence 12.1/20 RS sector — · RS bench 49.9% · 1Y —8 of 8 weeks ahead 25% evidence
Exact sum: 16.8 + 11.4 + 7.3 + 12.1 = 47.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
26State Trading Corporation of India LtdSTCINDIA 46.7/100Thin evidence · provisional57% evidence ASLEEP 22.8/35 Revenue — · PAT 100% · OPM change — 57% evidence 7.6/25 ROCE 7.6% · OPM — 80% evidence 10.8/20 P/E 15.6× · PEG — 15% evidence 5.5/20 RS sector -28.7% · RS bench -6.8% · 1Y -11.5%1 of 12 weeks ahead 70% evidence
Exact sum: 22.8 + 7.6 + 10.8 + 5.5 = 46.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
27Dhunseri Ventures LtdDVL 46.6/100Mixed-negative evidence87% evidence BREAKING OUT 12.5/35 Revenue -20% · PAT 31.7% · OPM change -12 pp 95% evidence 9.4/25 ROCE 6.7% · OPM 39% 95% evidence 11.9/20 P/E 5.3× · PEG — 50% evidence 12.8/20 RS sector -6.5% · RS bench 11.7% · 1Y -19.2%7 of 12 weeks ahead 100% evidence
Exact sum: 12.5 + 9.4 + 11.9 + 12.8 = 46.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
28MMTC LtdMMTC 42.3/100Mixed-negative evidence96% evidence ASLEEP 15.0/35 Revenue 0% · PAT 100% · OPM change -1270 pp 100% evidence 7.8/25 ROCE 8.7% · OPM — 84% evidence 15.6/20 P/E 43.5× · PEG 0.92 100% evidence 3.9/20 RS sector -21% · RS bench -6.1% · 1Y -13.4%1 of 12 weeks ahead 100% evidence
Exact sum: 15 + 7.8 + 15.6 + 3.9 = 42.3 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
29Hexa Tradex LtdHEXATRADEX 41.7/100Mixed-negative evidence65% evidence TURNING 17.0/35 Revenue 0.4% · PAT 70.3% · OPM change 13.6 pp 71% evidence 6.2/25 ROCE -0.1% · OPM — 80% evidence 10.0/20 P/E — · PEG — 0% evidence 8.5/20 RS sector -17.1% · RS bench -1.3% · 1Y -11.9%0 of 12 weeks ahead 100% evidence
Exact sum: 17 + 6.2 + 10 + 8.5 = 41.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
30Cropster Agro Ltd523105 41.1/100Mixed-negative evidence69% evidence ASLEEP 15.3/35 Revenue 28.4% · PAT 6.5% · OPM change 1.7 pp 95% evidence 11.7/25 ROCE 12.4% · OPM 9.8% 76% evidence 10.8/20 P/E 15.6× · PEG — 15% evidence 3.3/20 RS sector -72.7% · RS bench -73.3% · 1Y -86.8%0 of 4 weeks ahead 70% evidence
Exact sum: 15.3 + 11.7 + 10.8 + 3.3 = 41.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
31Adani Enterprises LtdADANIENT 41.0/100Mixed-negative evidence93% evidence ASLEEP 14.1/35 Revenue 18.1% · PAT 4.2% · OPM change 0 pp 100% evidence 8.3/25 ROCE 5.8% · OPM 15% 100% evidence 7.6/20 P/E 166× · PEG 1.96 65% evidence 11.0/20 RS sector 1% · RS bench 18.4% · 1Y 19.2%8 of 12 weeks ahead 100% evidence
Exact sum: 14.1 + 8.3 + 7.6 + 11 = 41 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
32RRP Semiconductor LtdRRP 40.9/100Thin evidence · provisional54% evidence 11.2/35 Revenue -80% · PAT -80% · OPM change 3.3 pp 71% evidence 5.6/25 ROCE -32.7% · OPM — 61% evidence 10.0/20 P/E — · PEG — 0% evidence 14.1/20 RS sector 65.3% · RS bench 0.8% · 1Y 36.6%0 of 1 week ahead to 2026-08-23 70% evidence
Exact sum: 11.2 + 5.6 + 10 + 14.1 = 40.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
33Le Merite Exports LtdLEMERITE 40.1/100Thin evidence · provisional57% evidence 18.0/35 Revenue — · PAT — · OPM change -15.5 pp 45% evidence 6.8/25 ROCE 9.9% · OPM -10.7% 95% evidence 9.1/20 P/E 94.5× · PEG — 15% evidence 6.2/20 RS sector -9% · RS bench -68.5% · 1Y -94.7%0 of 2 weeks ahead 70% evidence
Exact sum: 18 + 6.8 + 9.1 + 6.2 = 40.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
34Blue Pearl Agriventures LtdBPAGRI 39.2/100Mixed-negative evidence69% evidence 20.0/35 Revenue 19.3% · PAT 59.1% · OPM change 0.3 pp 95% evidence 6.2/25 ROCE 2.2% · OPM 3.3% 76% evidence 8.7/20 P/E 514× · PEG — 15% evidence 4.3/20 RS sector -33.5% · RS bench -82.5% · 1Y -88.6%1 of 12 weeks ahead to 2026-08-23 70% evidence
Exact sum: 20 + 6.2 + 8.7 + 4.3 = 39.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
35Riddhi Siddhi Gluco Biols Ltd524480 39.0/100Mixed-negative evidence82% evidence FADING 12.4/35 Revenue -38% · PAT 38.4% · OPM change -2.8 pp 95% evidence 6.5/25 ROCE 2.7% · OPM -3% 76% evidence 6.3/20 P/E 37.4× · PEG — 50% evidence 13.8/20 RS sector 7.8% · RS bench 25.9% · 1Y 28.1%7 of 12 weeks ahead 100% evidence
Exact sum: 12.4 + 6.5 + 6.3 + 13.8 = 39 · Decision use: Price leads the evidence: RS versus the benchmark is 25.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
36Hardwyn India LtdHARDWYN 38.7/100Mixed-negative evidence87% evidence ASLEEP 13.5/35 Revenue 2.6% · PAT -8.5% · OPM change -0.2 pp 95% evidence 12.3/25 ROCE 4.8% · OPM 13% 95% evidence 11.1/20 P/E 51.2× · PEG — 50% evidence 1.8/20 RS sector -38.8% · RS bench -27.7% · 1Y -3.8%1 of 12 weeks ahead 100% evidence
Exact sum: 13.5 + 12.3 + 11.1 + 1.8 = 38.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
37Neueon Corporation LtdNEUEON 37.6/100Thin evidence · provisional59% evidence ASLEEP 9.1/35 Revenue 17.8% · PAT -80% · OPM change -1039 pp 71% evidence 3.9/25 ROCE -40.4% · OPM — 80% evidence 10.0/20 P/E — · PEG — 0% evidence 14.6/20 RS sector 12.7% · RS bench 16.3% · 1Y —0 of 12 weeks ahead 70% evidence
Exact sum: 9.1 + 3.9 + 10 + 14.6 = 37.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
38PTC India LtdPTC 36.6/100Mixed-negative evidence82% evidence BASING 11.2/35 Revenue 13.3% · PAT -43.1% · OPM change -3.9 pp 95% evidence 12.7/25 ROCE 13.4% · OPM 3.1% 76% evidence 8.9/20 P/E 9× · PEG — 50% evidence 3.8/20 RS sector -21.7% · RS bench -7.2% · 1Y -11.3%0 of 12 weeks ahead 100% evidence
Exact sum: 11.2 + 12.7 + 8.9 + 3.8 = 36.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
39Kothari Industrial Corporation LtdKOTIC 34.3/100Adverse evidence63% evidence BASING 18.7/35 Revenue 75.9% · PAT -80% · OPM change -41.8 pp 71% evidence 1.7/25 ROCE -28.9% · OPM -43% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 3.9/20 RS sector -58.6% · RS bench -33.2% · 1Y -71.2%0 of 11 weeks ahead 70% evidence
Exact sum: 18.7 + 1.7 + 10 + 3.9 = 34.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
40BN Agrochem LtdBNAGROCHEM 32.1/100Adverse evidence77% evidence BASING 12.8/35 Revenue 84.5% · PAT -61% · OPM change -9.4 pp 100% evidence 4.2/25 ROCE 4.4% · OPM 2.3% 100% evidence 9.0/20 P/E 119× · PEG — 15% evidence 6.1/20 RS sector -16.7% · RS bench -26.3% · 1Y -40.5%4 of 12 weeks ahead 70% evidence
Exact sum: 12.8 + 4.2 + 9 + 6.1 = 32.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
41Shanti Overseas (India) LtdSHANTI 32.0/100Thin evidence · provisional56% evidence 11.3/35 Revenue -63.4% · PAT 100% · OPM change -200.5 pp 40% evidence 4.7/25 ROCE -25.2% · OPM -216.5% 71% evidence 12.4/20 P/E 3× · PEG — 50% evidence 3.6/20 RS sector -60.4% · RS bench -49.7% · 1Y -45.6%0 of 12 weeks ahead to 2026-03-29 70% evidence
Exact sum: 11.3 + 4.7 + 12.4 + 3.6 = 32 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
42Uniphos Enterprises LtdUNIENTER 29.8/100Adverse evidence69% evidence ASLEEP 12.3/35 Revenue -77.1% · PAT 100% · OPM change -0.9 pp 71% evidence 4.5/25 ROCE 0.8% · OPM — 80% evidence 8.3/20 P/E 30.9× · PEG — 50% evidence 4.7/20 RS sector -43.6% · RS bench -20.6% · 1Y -42.2%0 of 11 weeks ahead 70% evidence
Exact sum: 12.3 + 4.5 + 8.3 + 4.7 = 29.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
43Oswal Agro Mills LtdOSWALAGRO 24.7/100Adverse evidence67% evidence BASING 2.9/35 Revenue -80% · PAT -80% · OPM change -21782.3 pp 95% evidence 7.7/25 ROCE 2% · OPM — 80% evidence 10.0/20 P/E — · PEG — 0% evidence 4.1/20 RS sector -50.3% · RS bench -30.3% · 1Y -55.2%0 of 11 weeks ahead 70% evidence
Exact sum: 2.9 + 7.7 + 10 + 4.1 = 24.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
44Susan Electricals India Ltd544793 58.9/100Thin evidence · provisional31% evidence 20.6/35 Revenue — · PAT — · OPM change 7.8 pp 26% evidence 18.1/25 ROCE 37% · OPM 11.9% 76% evidence 10.2/20 P/E 23.9× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y — 0% evidence
Exact sum: 20.6 + 18.1 + 10.2 + 10 = 58.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
45Q-Line Biotech LtdQLINE 57.7/100Thin evidence · provisional31% evidence TURNING 17.9/35 Revenue — · PAT — · OPM change 10 pp 13% evidence 19.8/25 ROCE 22.5% · OPM 31% 95% evidence 10.0/20 P/E 27.6× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —3 of 3 weeks ahead 0% evidence
Exact sum: 17.9 + 19.8 + 10 + 10 = 57.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
46DC Infotech & Communication LtdDCI 57.5/100Thin evidence · provisional35% evidence TURNING 18.4/35 Revenue — · PAT — · OPM change 0.3 pp 24% evidence 17.7/25 ROCE 22.9% · OPM 4.7% 76% evidence 10.4/20 P/E 22.7× · PEG — 15% evidence 11.0/20 RS sector — · RS bench 10.5% · 1Y —1 of 1 week ahead 25% evidence
Exact sum: 18.4 + 17.7 + 10.4 + 11 = 57.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
47Mardia Samyoung Capillary Tubes Company LtdMSCTC 57.0/100Thin evidence · provisional32% evidence 20.9/35 Revenue 100% · PAT 100% · OPM change — 29% evidence 15.3/25 ROCE 22.6% · OPM 15.3% 57% evidence 8.6/20 P/E 687× · PEG — 15% evidence 12.2/20 RS sector — · RS bench 74.6% · 1Y 59.1%6 of 12 weeks ahead to 2026-03-08 25% evidence
Exact sum: 20.9 + 15.3 + 8.6 + 12.2 = 57 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
48Proventus Agrocom LtdPROV 56.5/100Thin evidence · provisional48% evidence BREAKING OUT 19.5/35 Revenue — · PAT — · OPM change 0.2 pp 26% evidence 12.7/25 ROCE 11.5% · OPM 1.8% 95% evidence 12.5/20 P/E 47.8× · PEG — 50% evidence 11.8/20 RS sector — · RS bench 39.7% · 1Y —12 of 12 weeks ahead 25% evidence
Exact sum: 19.5 + 12.7 + 12.5 + 11.8 = 56.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
49SK Minerals & Additives Ltd544584 55.5/100Thin evidence · provisional36% evidence BREAKING OUT 16.5/35 Revenue — · PAT — · OPM change 1.3 pp 39% evidence 19.1/25 ROCE 26.2% · OPM 10.7% 76% evidence 9.9/20 P/E 29.1× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —5 of 6 weeks ahead 0% evidence
Exact sum: 16.5 + 19.1 + 9.9 + 10 = 55.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
50Arvaya Healthcare LtdARVAYA 54.7/100Thin evidence · provisional19% evidence 18.6/35 Revenue — · PAT — · OPM change 46.1 pp 10% evidence 12.3/25 ROCE — · OPM 13% 30% evidence 11.4/20 P/E 3.9× · PEG — 15% evidence 12.4/20 RS sector — · RS bench 104.2% · 1Y — 25% evidence
Exact sum: 18.6 + 12.3 + 11.4 + 12.4 = 54.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
51Monika Alcobev LtdMONIKA 53.9/100Thin evidence · provisional22% evidence 16.4/35 Revenue — · PAT — · OPM change -2 pp 15% evidence 17.0/25 ROCE 21% · OPM 15% 57% evidence 10.5/20 P/E 20.4× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y -19.3%0 of 12 weeks ahead to 2026-03-08 0% evidence
Exact sum: 16.4 + 17 + 10.5 + 10 = 53.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
52Shah Foods Ltd519031 53.5/100Thin evidence · provisional18% evidence BREAKING OUT 17.1/35 Revenue — · PAT — · OPM change -10.7 pp 7% evidence 15.3/25 ROCE — · OPM 18% 30% evidence 8.9/20 P/E 246× · PEG — 15% evidence 12.2/20 RS sector — · RS bench 75.6% · 1Y —6 of 6 weeks ahead 25% evidence
Exact sum: 17.1 + 15.3 + 8.9 + 12.2 = 53.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
53Manbro Industries Ltd512595 51.0/100Thin evidence · provisional22% evidence 18.3/35 Revenue — · PAT — · OPM change 32.8 pp 5% evidence 13.2/25 ROCE — · OPM 6.6% 23% evidence 10.0/20 P/E — · PEG — 0% evidence 9.5/20 RS sector -17.3% · RS bench 37.2% · 1Y 75.3%12 of 12 weeks ahead to 2026-05-03 70% evidence
Exact sum: 18.3 + 13.2 + 10 + 9.5 = 51 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
54Satani Bearings Ltd505703 45.2/100Thin evidence · provisional38% evidence TURNING 20.5/35 Revenue — · PAT 100% · OPM change — 33% evidence 4.7/25 ROCE 1% · OPM -3.7% 76% evidence 8.6/20 P/E 5287× · PEG — 15% evidence 11.4/20 RS sector — · RS bench 24.6% · 1Y 181.4%3 of 11 weeks ahead 25% evidence
Exact sum: 20.5 + 4.7 + 8.6 + 11.4 = 45.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
55Keto Motors Ltd537392 43.2/100Thin evidence · provisional38% evidence BREAKING OUT 16.2/35 Revenue — · PAT 100% · OPM change — 33% evidence 6.0/25 ROCE -0.3% · OPM 10.7% 76% evidence 8.5/20 P/E 7722× · PEG — 15% evidence 12.5/20 RS sector — · RS bench 241.5% · 1Y —6 of 6 weeks ahead 25% evidence
Exact sum: 16.2 + 6 + 8.5 + 12.5 = 43.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
56A-1 LtdA1L 41.0/100Thin evidence · provisional50% evidence 16.1/35 Revenue 8.3% · PAT -30.6% · OPM change -0.9 pp 53% evidence 10.7/25 ROCE 10.6% · OPM 2.9% 57% evidence 8.7/20 P/E 383× · PEG — 15% evidence 5.5/20 RS sector -24.5% · RS bench -16% · 1Y -10.6%6 of 12 weeks ahead to 2026-03-08 70% evidence
Exact sum: 16.1 + 10.7 + 8.7 + 5.5 = 41 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
57Aerpace Industries Ltd534733 40.5/100Thin evidence · provisional32% evidence 13.0/35 Revenue — · PAT -80% · OPM change — 33% evidence 5.6/25 ROCE -21.5% · OPM — 61% evidence 10.0/20 P/E — · PEG — 0% evidence 11.9/20 RS sector — · RS bench 44% · 1Y — 25% evidence
Exact sum: 13 + 5.6 + 10 + 11.9 = 40.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
58Prabhatam Infra Venture LtdPRABHATAM 39.2/100Thin evidence · provisional22% evidence 16.1/35 Revenue — · PAT -80% · OPM change — 8% evidence 3.1/25 ROCE -97.1% · OPM -23.1% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 10.0/20 RS sector — · RS bench — · 1Y — 0% evidence
Exact sum: 16.1 + 3.1 + 10 + 10 = 39.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

15 · Frequently asked questions

Frequently asked questions

What is Onix Solar Energy Ltd's share price today?

Onix Solar Energy Ltd trades at ₹337, +23.4% over the past year. The company is valued at ₹1,246 Cr. The stock sits at 25% of its 52-week range of ₹216–₹710, −20.3% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 40 weeks in. — as of 25 September 2026.

What were Onix Solar Energy Ltd's latest quarterly results?

Onix Solar Energy Ltd reported revenue of ₹95.0 Cr and net profit of ₹21.0 Cr for the Jun 26 quarter. Revenue fell 7.8% and profit rose 200.0% year on year. Earnings per share were ₹5.67. The operating margin was 30.0%, 23.0 pp higher than a year earlier. — as of 25 September 2026.

What is Onix Solar Energy Ltd's revenue?

Onix Solar Energy Ltd reported revenue of ₹95.0 Cr in the Jun 26 quarter, −7.8% year on year. For the full FY26 fiscal year, revenue was ₹165 Cr (+469.0%). Over the last 10 years revenue compounded at 55.5% a year. — as of 25 September 2026.

What is Onix Solar Energy Ltd's profit?

Onix Solar Energy Ltd earned ₹21.0 Cr of net profit in the Jun 26 quarter, +200.0% year on year — the 3rd straight quarter of growth. Full-year FY26 profit was ₹31.0 Cr. The operating margin ran 30.0% in the latest quarter. — as of 25 September 2026.

What is Onix Solar Energy Ltd's market cap?

Onix Solar Energy Ltd's market capitalisation is ₹1,246 Cr at a share price of ₹337. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 25 September 2026.

Does Onix Solar Energy Ltd pay a dividend?

No — Onix Solar Energy Ltd has recorded a dividend payout of 0% of profit in each of its last 13 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 25 September 2026.

Is Onix Solar Energy Ltd growing?

Yes — Onix Solar Energy Ltd is growing: latest-quarter revenue −7.8% year on year, profit +200.0%, and the margin +23.0 pp at 30.0%. The earnings engine currently reads: improving — as of 25 September 2026.

How is Onix Solar Energy Ltd performing?

Onix Solar Energy Ltd is in a confirmed uptrend, 40 weeks in. Its latest quarter's revenue fell 7.8% and profit rose 200.0% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 10 weeks. This describes what the data did, not a rating. — as of 25 September 2026.

Is Onix Solar Energy Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 40 of stage 2), trading −20.3% versus its 200-day average and at 25% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 25 September 2026.

Is Onix Solar Energy Ltd beating the market?

Not lately — on a trailing-13-week view Onix Solar Energy Ltd is currently behind the NIFTY 500 (10 weeks and counting; last ahead the week of 2026-07-24), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +2,330% against the NIFTY 500's +262% — ahead of the index over the full window. — as of 25 September 2026.

Will Onix Solar Energy Ltd's share price go up?

This page publishes no price forecast for Onix Solar Energy Ltd. What it measures instead: the share price is ₹337, the price is in a confirmed uptrend 40 weeks in. Direction is not something this site claims to know. — as of 25 September 2026.

Who owns Onix Solar Energy Ltd?

Promoters hold 50.2% of Onix Solar Energy Ltd, foreign institutions null%, domestic institutions 0.8% and the public 49.0% (latest quarter). The biggest move on the register over the last two years: Promoters added 50.2 points over 8 quarters. — as of 25 September 2026.

Does Onix Solar Energy Ltd have too much debt?

No — Onix Solar Energy Ltd's debt-to-equity is 0.07, and operating profit covers the interest bill 16×. FY26 borrowings were ₹57.0 Cr against equity of ₹774 Cr. The returns on this page are earned, not borrowed — as of 25 September 2026.

What is Onix Solar Energy Ltd's capex?

Onix Solar Energy Ltd spent ₹460 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹460 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 25 September 2026.

What is Onix Solar Energy Ltd's cash flow?

Onix Solar Energy Ltd consumed ₹236 Cr of operating cash in FY26 — cash flowed out rather than in (free cash flow: ₹−696 Cr). Operating cash was negative while the company reported a profit of ₹31.0 Cr. Cash-flow resolution for India is annual. — as of 25 September 2026.

Is Onix Solar Energy Ltd's profit real cash?

No — operating cash was negative over the last 3 fiscal years: Onix Solar Energy Ltd consumed cash while reporting profit. In FY26, operating cash was ₹−236 Cr against reported profit of ₹31.0 Cr. Cash-flow resolution is annual — as of 25 September 2026.

Where is Onix Solar Energy Ltd in its business cycle?

Onix Solar Energy Ltd's FY26 operating margin was 28.0%, against a 13-year band of −5,300.0%–28.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 30.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 25 September 2026.

What could break the Onix Solar Energy Ltd story?

The sharpest disagreement: profits are rising, but only −662% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 25 September 2026.

Is Onix Solar Energy Ltd a stock worth studying right now?

This is not investment advice. The machine read: Onix Solar Energy Ltd's earnings have outrun its stock. EPS grew +106.0% in a year against a +23.4% price move. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 25 September 2026.

Sector Alpha — machine-written from the numbers · Data as of 2026-09-25. Every chart on this page is drawn by deterministic code from the raw series — no forecasts, no price opinions, and nothing here is investment advice.

Not SEBI Registered !! Not Investment advice !!

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