Onix Renewable Unlisted Share Price

Onix Renewable Share Price Description – Incorporated in 2007, Onix Renewable has evolved into a leading integrated green energy player in India, specializing in Independent Power Production (IPP), Engineering, Procurement, and Construction (EPC), and advanced energy infrastructure. The company’s expertise spans a high-growth portfolio including Wind, Solar, BESS (Battery Energy Storage Systems), and Utility-scale Hybrid systems.

With a rapidly expanding footprint, Onix Renewable has moved far beyond its initial milestones, currently managing a massive unexecuted order book of over INR 13,000 crore. In the manufacturing sector, the company scaled its solar photovoltaic (PV) module capacity to 1,200 MW and is now aggressively expanding toward a 5 GW cell and module manufacturing target. As a frontrunner in India’s energy transition, Onix has also diversified into the Green Hydrogen and Ammonia sectors, securing landmark government mandates. Currently preparing for its INR 1,000–1,200 crore IPO, the company is on a strategic path to achieve a total renewable capacity of 10 GW by 2030, solidifying its presence across India and key international markets.

Read Also: Sterlite Power Unlisted Shares

Business Model of Onix Renewable

• Project Development and Management: Onix Renewable has shifted towards Digital Transformation, integrating AI-enabled monitoring and smart data analytics across all project sites. This allows for 24/7 oversight and predictive maintenance, ensuring higher asset reliability and performance for customized client needs.
• Diverse Energy Solutions: The company has scaled significantly across three major verticals:
  • Solar Energy: The manufacturing capacity has successfully expanded from 100 MW to 1,200 MW. The company is now working toward a target of 5 GW solar module and cell capacity within the next three years and 10 GW by 2030.
  • Wind Energy: Onix now boasts one of India’s largest wind energy portfolios at 4.5 GW. They are actively commissioning Wind-Solar Hybrid projects, including a landmark 52 MW hybrid plant completed in record time.
  • Green Hydrogen & Ammonia: Onix is no longer just “exploring”; they recently won a SECI (SIGHT) auction to supply 50,000 TPA of Green Ammonia. They also signed an INR 10,000 crore MoU with the Gujarat government for a dedicated Green Ammonia facility.
• EPC Services: With over 1,000 MW of completed EPC experience, Onix is scaling its services to reach a target of 15 GW by 2030. Their services now include advanced substation and high-voltage transmission line engineering to support large-scale utility projects.
• Independent Power Producer (IPP): Onix has a robust IPP portfolio with 3 GW currently under development across Gujarat, Maharashtra, and Rajasthan. They aim to have these projects operational by 2026, creating predictable, long-term revenue through Power Purchase Agreements (PPAs).

Services of Onix Renewable

• Solar Energy Solutions
• Wind Energy Solutions
• Energy Storage Solutions
• Green Hydrogen Initiatives
• Infrastructure Development
• Research & Development
• Project Management & Consulting Services

Product Portfolio of Onix Renewable

• Solar Modules: Advanced TOPCon (N-Type), Monocrystalline, and Bifacial modules. Their new manufacturing line produces high-efficiency modules ranging up to 720 Wp.
• Energy Storage Systems: Includes BESS (Battery Energy Storage Systems) and residential Powerwalls to provide round-the-clock (RTC) power.
• Green Hydrogen & Ammonia: The company has officially entered the green fuels sector, securing projects to produce and supply Green Ammonia via electrolysis.
• Wind-Solar Hybrid Systems: Integrated solutions that combine wind and solar energy for better grid stability and higher efficiency.
• Smart Solar Products: Specialized hardware including Solar Street Lights (Horizontal & Vertical), Solar Water Heaters, and even Solar TVs.
• EV Infrastructure: Development of EV Charging stations and research into EV Bikes to support the clean mobility ecosystem.
• Robotic Cleaning Solutions: In-house Drone & Robot cleaning systems to maintain and optimize the performance of large-scale solar parks.
• Green Services: Beyond hardware, they now offer Green PPAs (Power Purchase Agreements), Green Credits, and specialized O&M (Operations & Maintenance) using AI-driven monitoring.

Read Also: PharmEasy Unlisted Share Price

Key Highlights – FY 2024 – 25

• Onix Renewable achieved a milestone revenue of INR 1,001.30 crore in FY25, representing a massive 185.80% growth compared to the previous financial year.
• The company’s Net Profit (PAT) surged by 191.42% to reach INR 114.79 crore, while EBITDA stood at INR 164.45 crore, reflecting significantly improved operational efficiency.
• As of 31 March 2025, the company maintains a robust unexecuted order book of over INR 13,000 crore, providing strong revenue visibility for the coming years.
• In July 2025, Onix announced a massive 44:1 bonus issue, underlining its commitment to rewarding shareholders and expanding its equity base.
• The company has commenced a landmark solar project in Maharashtra under the MSKVY 2.0 scheme, totalling 1,959 MW, which is a key driver for its capacity expansion.
• Onix successfully entered the Green Hydrogen/Ammonia sector by winning an auction under SECI’s SIGHT program to supply 50,000 TPA of Green Ammonia.
• The firm is scaling its manufacturing vertical, with plans to expand its solar module and cell capacity to 2,400 MW by 2026, up from its current 200 MW facility.
• Onix secured a significant order worth INR 148 crore from Vikran Engineering for the supply of high-efficiency 620 Wp TOPCon solar modules.
• The company continues to advance its IPO plans with a target valuation of INR 8,000–10,000 crore, aiming to reach a 10 GW renewable energy capacity by 2030.

Read Also: Biggest Unlisted Companies in India

Onix Renewable Board of Directors

• Divyesh Savaliya, Chairman & Managing Director
• Harpreet Singh, Managing Director
• Piyush Patel, Chief Executive Officer

Onix Renewable Limited Share Price Details

Onix Renewable Unlisted Share Price Details – Shareholding Pattern

The details of shareholders’ holding of equity shares:

Read Also: Unlisted Shares Buying Guide & FAQs

Onix Unlisted Share Price – Financial Performance

Onix Renewable Reports

Onix Renewable Company Profile
Onix Renewable Investors Pitch Deck

Read Also: NSE Unlisted Share Price

Onix Renewable Unlisted Share Price – Peer Comparison

Read Also: Orbis Financial Unlisted Share Price

Onix Unlisted Share Price FAQs