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Onward Technologies Limited ONWARDTEC NSETECH

Technology · Information Technology Services · India
https://www.onwardgroup.com
Company Profile ↓
₹433.90
+42.53% 1Y
Mkt Cap₹951.96 Cr
P/E22.95
P/B2.76
Div. Yield2.72%
52W High₹453.35
52W Low₹204.40
Book Value₹111.41
EPS (TTM)₹18.91

Company Overview

Onward Technologies Limited operates as a software and technology services outsourcing company India, the United States, Europe, Canada, and the United Kingdom, and internationally. The company offers digital and engineering research and development services for original equipment manufacturers (OEMs) in industrial equipment and heavy machinery, transportation, mobility, and healthcare and life sciences sectors. It also provides digital services, such as advanced software development and lifecycle management, digitalization and integration, data engineering, analytics and visualization, and cloud platforms; and embedded product and systems engineering services comprising system, software and hardware, tooling, testing, and consulting services. In addition, the company offers mechanical product engineering services, including new product design and development, value engineering, virtual simulation, and manufacturing engineering. Onward Technologies Limited was incorporated in 1991 and is headquartered in Mumbai, India.

Why Investors Should Care

Strong Return on Equity

Generates a return on equity of 17.5%, reflecting efficient use of shareholder capital.

Healthy Capital Returns

Return on capital employed stands at 20.1%.

Consistent Profit Growth

Net profit has compounded at 56.9% per year over the last five years.

Reasonable Valuation

Trades at a P/E of 22.9, below the sector median of 24.8.

Conservative Balance Sheet

Carries low leverage with a debt-to-equity ratio of 0.16.

Dividend Income

Offers a dividend yield of 2.72%.

Recent Developments

  • Mar 2026 Revenue of ₹543.85 Cr (+10.7% YoY); net profit ₹44.32 Cr.
  • Trailing 12 Months Year-on-year growth — revenue +12.2%, earnings -11.2%.
  • 5-Year Trend Long-term compounding — revenue CAGR 7.2%, profit CAGR 56.9%.

Growth & Price Performance

Compounded Sales Growth

5 Years:7.24%
1 Year:12.20%

Compounded Profit Growth

5 Years:56.88%
1 Year:-11.20%

Stock Price Performance

1 Year:+42.53%
6 Months:+80.74%
3 Months:+48.52%
1 Month:+51.08%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bullish
52-Week Range 92% of range
₹204.40 ₹453.35
Trend Signals
  • Price vs 50-DMAAbove
  • Price vs 200-DMAAbove
  • RSI (14)80.18 · Overbought
Price Performance
1M+51.08%
3M+48.52%
6M+80.74%
1Y+42.53%
Valuation vs Sector

P/E of 22.95 is below the sector median of 24.84 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Healthy ROCE of 20.1%.
  • Profit CAGR of 56.9% over 5 years.
  • Attractive dividend yield of 2.72%.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • RSI at 80 suggests overbought conditions.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
22.95
Industry PE
24.84
Forward P/E est.
25.84
PEG Ratio
-
Book Value
₹111.41
Price to Book
2.76
P/S
1.20
EV/EBITDA
9.57
Dividend Yield
2.72%

Growth (CAGR)

Revenue 5Y
7.24%
Profit 5Y
56.88%
Revenue (YoY)
12.20%
Earnings (YoY)
-11.20%

Profitability & Returns

ROCE
20.06%
ROE
17.48%
ROA
11.96%
Profit Margin
7.63%
Op Margin
9.19%
Gross Margin
26.89%
EPS (Latest Qtr)
₹4.98
EPS (TTM)
₹18.91

Balance Sheet & Liquidity

Debt/Equity
0.16
Quick Ratio
-
Current Ratio
3.66
Debt
₹39.84 Cr
Total Assets
₹370.57 Cr
Current Assets
₹263.02 Cr
Working Capital
₹191.22 Cr

Ownership

Promoter Holding
61.90%
Chg in Prom Hold
-0.03%
FII / Inst Holding
1.48%
Chg in FII Hold
-0.25%

Financial Snapshot

Enterprise Value
₹951.96 Cr
Total Revenue (TTM)
₹560.13 Cr
EBITDA
₹60.82 Cr
Free Cash Flow
₹45.97 Cr
Operating Cash Flow
₹65.08 Cr
Shares Outstanding
₹2.19 Cr
Gross Margin
26.89%
Payout Ratio
42.28%

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 ONWARDTEC Onward Technologies Limited NSETECH 433.90 22.95 ₹951.96 Cr 2.72% 20.06% 17.48% 7.24% 56.88%
2 TCS Tata Consultancy Services Limited NIFTY50NSEAITECH 2,529.00 17.73 ₹9.15 L Cr 3.12% 54.93% 47.74% 5.80% 5.30%
3 INFY Infosys Limited NIFTY50NSEAITECH 1,168.00 15.50 ₹4.73 L Cr 5.02% 41.66% 32.00% 3.44% 3.58%
4 HCLTECH HCL Technologies Limited NIFTY50NSEAITECH 1,424.20 22.16 ₹3.85 L Cr 5.10% 27.21% 24.07% 8.65% 3.87%
5 WIPRO Wipro Limited NIFTY50NSEAITECH 189.17 15.03 ₹1.87 L Cr 5.01% 17.85% 16.13% 0.78% 5.16%
6 TECHM Tech Mahindra Limited NIFTY50NSEAITECH 1,834.70 31.72 ₹1.63 L Cr 3.42% 19.82% 16.24% 2.16% -0.14%
7 LTM LTM Limited NSETECH 4,298.00 24.38 ₹1.27 L Cr 1.92% 25.39% 21.97% 8.43% 4.41%
8 LGEINDIA LG Electronics India Limited NIFTY_MIDNSETECH 1,662.60 61.83 ₹1.13 L Cr 0.00% 27.64% 21.98% 1.25% -
9 PAYTM One97 Communications Limited NIFTY_MIDNSEAITECH 1,670.00 167.33 ₹1.07 L Cr 0.00% 3.68% 3.45% 2.20% 43.71%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue 121.37 Cr119.62 Cr120.24 Cr114.09 Cr118.44 Cr117.60 Cr123.04 Cr123.39 Cr127.29 Cr133.15 Cr138.97 Cr134.62 Cr137.12 Cr149.43 Cr
Cost of Revenue -------94.91 Cr98.01 Cr98.13 Cr-97.99 Cr102.02 Cr109.26 Cr
Gross Profit -------28.48 Cr29.27 Cr35.02 Cr-36.62 Cr35.09 Cr40.17 Cr
Operating Expenses 106.04 Cr102.94 Cr105.04 Cr103.42 Cr108.79 Cr105.90 Cr115.08 Cr20.57 Cr18.87 Cr21.06 Cr119.10 Cr21.14 Cr24.15 Cr26.44 Cr
Operating Income 12.08 Cr13.42 Cr11.92 Cr7.36 Cr6.53 Cr8.38 Cr4.63 Cr7.91 Cr10.41 Cr13.96 Cr15.66 Cr15.48 Cr10.94 Cr13.73 Cr
EBITDA 15.33 Cr16.68 Cr15.20 Cr10.67 Cr9.65 Cr11.70 Cr7.96 Cr12.34 Cr16.54 Cr19.61 Cr19.87 Cr17.89 Cr17.23 Cr20.10 Cr
Interest Expense 39.00 L36.00 L33.00 L31.00 L34.00 L51.00 L59.00 L58.83 L53.32 L50.24 L96.00 L71.11 L71.33 L68.21 L
Pretax Income 12.17 Cr13.50 Cr12.83 Cr9.83 Cr9.01 Cr9.69 Cr5.60 Cr8.45 Cr12.57 Cr15.92 Cr15.83 Cr13.14 Cr12.15 Cr14.78 Cr
Tax Provision 4.93 Cr2.62 Cr3.25 Cr3.05 Cr2.32 Cr2.60 Cr2.06 Cr2.41 Cr2.16 Cr3.19 Cr3.89 Cr3.04 Cr2.60 Cr3.61 Cr
Net Income 7.24 Cr10.88 Cr9.57 Cr6.79 Cr6.68 Cr7.09 Cr3.54 Cr6.04 Cr10.41 Cr12.73 Cr11.94 Cr10.10 Cr9.55 Cr11.17 Cr
Diluted EPS 3.254.864.273.022.973.141.562.634.565.575.254.474.234.98

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 189.00 Cr198.00 Cr224.00 Cr244.00 Cr261.00 Cr272.00 Cr240.00 Cr-440.93 Cr472.39 Cr491.32 Cr543.85 Cr
Cost of Revenue --------340.00 Cr346.53 Cr370.23 Cr385.65 Cr
Gross Profit --------100.93 Cr125.86 Cr121.09 Cr158.21 Cr
Operating Expenses 177.00 Cr184.00 Cr212.00 Cr233.00 Cr239.00 Cr248.00 Cr223.00 Cr-83.99 Cr86.57 Cr89.78 Cr101.41 Cr
Operating Income 8.00 Cr10.00 Cr7.00 Cr6.00 Cr16.00 Cr12.00 Cr7.00 Cr-16.94 Cr39.29 Cr31.31 Cr56.80 Cr
EBITDA 13.00 Cr14.00 Cr11.00 Cr11.00 Cr22.00 Cr23.00 Cr17.00 Cr-32.68 Cr59.47 Cr51.91 Cr75.73 Cr
Interest Expense 3.00 Cr4.00 Cr3.00 Cr3.00 Cr3.00 Cr3.00 Cr2.00 Cr-1.66 Cr1.34 Cr2.22 Cr2.89 Cr
Pretax Income 5.00 Cr8.00 Cr7.00 Cr8.00 Cr15.00 Cr10.00 Cr10.00 Cr-18.03 Cr45.16 Cr36.30 Cr57.05 Cr
Tax Provision 1.85 Cr4.88 Cr2.66 Cr88.00 L4.95 Cr3.50 Cr2.50 Cr-6.55 Cr11.24 Cr9.22 Cr12.72 Cr
Net Income 3.00 Cr3.00 Cr4.00 Cr7.00 Cr10.00 Cr6.00 Cr7.00 Cr-11.48 Cr33.92 Cr27.08 Cr44.32 Cr
Diluted EPS 2.002.142.704.326.413.894.49-5.0514.8111.8119.52

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 88.00 Cr91.00 Cr90.00 Cr100.00 Cr106.00 Cr135.00 Cr138.00 Cr-242.25 Cr286.94 Cr313.76 Cr370.57 Cr
Current Assets --------165.92 Cr197.86 Cr218.68 Cr263.02 Cr
Cash & Equivalents --------47.27 Cr31.20 Cr24.34 Cr36.86 Cr
Inventory ------------
Receivables --------91.23 Cr73.58 Cr79.12 Cr85.70 Cr
Total Liabilities --------68.38 Cr79.81 Cr89.45 Cr117.06 Cr
Current Liabilities --------55.17 Cr52.63 Cr56.48 Cr71.80 Cr
Long Term Debt -------50.39 L40.28 L0--
Total Debt 29.00 Cr23.00 Cr25.00 Cr23.00 Cr18.00 Cr35.00 Cr25.00 Cr-16.73 Cr28.27 Cr32.16 Cr39.84 Cr
Total Equity 32.00 Cr36.00 Cr42.00 Cr50.00 Cr61.00 Cr68.00 Cr74.00 Cr-173.87 Cr207.13 Cr224.30 Cr253.51 Cr
Shares Outstanding --------2.23 Cr2.25 Cr2.27 Cr2.28 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow 15.00 Cr10.00 Cr14.00 Cr16.00 Cr11.00 Cr29.00 Cr33.00 Cr-5.75 Cr62.35 Cr31.52 Cr65.08 Cr
Investing Cash Flow -4.00 Cr-1.00 Cr-11.00 Cr-5.00 Cr-5.00 Cr-5.00 Cr-10.00 Cr-6.01 Cr-62.34 Cr-17.18 Cr-21.58 Cr
Financing Cash Flow -11.00 Cr-9.00 Cr-0-10.00 Cr-9.00 Cr-10.00 Cr-12.00 Cr--14.21 Cr-16.17 Cr-21.22 Cr-31.32 Cr
Capital Expenditure 00-5.00 Cr-4.00 Cr-5.00 Cr-2.00 Cr-13.00 Cr--7.20 Cr-2.02 Cr-3.67 Cr-19.11 Cr
Free Cash Flow 15.00 Cr10.00 Cr9.00 Cr12.00 Cr6.00 Cr27.00 Cr20.00 Cr--1.45 Cr60.33 Cr27.85 Cr45.97 Cr
Net Change in Cash 003.00 Cr2.00 Cr-3.00 Cr13.00 Cr11.00 Cr--2.46 Cr-16.16 Cr-6.87 Cr12.17 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % --------22.9%26.6%24.6%29.1%
Operating Margin % 4.2%5.1%3.1%2.5%6.1%4.4%2.9%-3.8%8.3%6.4%10.4%
Net Margin % 1.6%1.5%1.8%2.9%3.8%2.2%2.9%-2.6%7.2%5.5%8.1%
ROE % 9.4%8.3%9.5%14.0%16.4%8.8%9.5%-6.6%16.4%12.1%17.5%
ROCE % --------9.1%16.8%12.2%19.0%

Shareholding Pattern

Insiders
61.90%
Institutions
1.48%
Public Float
3.87%

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for ONWARDTEC

Google News ue, 13 Oct 2026

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Google News Mon, 19 Oct 2026

Onward Technologies Ltd Share Price Rise Streak, Valuation - Univest

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Google News Mon, 29 Jun 2026

Onward Technologies Limited (NSE:ONWARDTEC) Looks Interesting, And It's About To Pay A Dividend - Simply Wall Street

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Google News Mon, 21 Sep 2026

Onward Tech Renews ₹44.46 Crore Digital Services Contract - HDFC Sky

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Google News hu, 17 Sep 2026

Onward Technologies ONWARDTEC Promoter Acquires 25,000 Shares - Kalkine India

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Google News Sun, 11 Oct 2026

ONWARDTEC Q2 2026 Earnings: Revenue Climbs 10.69% YoY, EPS at ₹19.52 as Stock Gains 4.21% - Earnings Cycle Outlook - https://www.siam.in/

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ONWARDTEC — Frequently Asked Questions

What is the current share price of Onward Technologies Limited (ONWARDTEC)?

As of 2026-10-23 04:58 IST, Onward Technologies Limited (ONWARDTEC) trades at ₹433.90 on NSE. Its 52-week range is ₹204.40 to ₹453.35.

What is the market capitalisation of ONWARDTEC?

Onward Technologies Limited (ONWARDTEC) has a market capitalisation of ₹951.96 Cr on NSE.

What is the P/E ratio of ONWARDTEC?

ONWARDTEC trades at a trailing price-to-earnings (P/E) ratio of 22.95. The industry average P/E is 24.84. Its price-to-book (P/B) ratio is 2.76.

Does ONWARDTEC pay a dividend?

Onward Technologies Limited (ONWARDTEC) currently offers a dividend yield of 2.72%.

What is the return on equity (ROE) of ONWARDTEC?

ONWARDTEC has a return on equity (ROE) of 17.48%. Its return on capital employed (ROCE) is 20.06%.

Is ONWARDTEC a good stock to buy?

This page provides a data-driven analysis of Onward Technologies Limited (ONWARDTEC), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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