Onward Technologies Ltd
ONWARDTEC NSE
Onward Technologies Ltd
Information TechnologyNSE: ONWARDTEC BSE: 517536 IT Enabled Services
Key Fundamentals
MicrocapIT Enabled ServicesInformation TechnologyMarket Cap
₹628 Cr
Volatility
Moderate
P/E Ratio
14.94
EBITDA
₹78.90 Cr
Return on Equity
17.48%
Debt to Equity
0.16
Book Value
₹113.88
52W High
₹357
52W Low
₹208.25
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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56 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
4- Company has delivered good profit growth of 45.0% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 38.5%
- Promoter holding has increased by 0.90% over last quarter.
- Company's working capital requirements have reduced from 81.3 days to 53.9 days
Weaknesses
1- Promoter holding has decreased over last 3 years: -5.10%
Growth Rate
Revenue Growth
10.51% ↗
Net Income Growth
63.47% ↗
Cash Flow Change
106.47% ↗
ROE
44.82% ↗
ROCE
34.00% ↗
EBITDA Margin (Avg.)
37.56% ↗
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 120 | 120 | 114 | 118 | 118 | 123 | 123 | 127 | 133 | 139 | 135 | 137 | 149 |
| Expenses | 103 | 105 | 103 | 109 | 106 | 115 | 112 | 113 | 116 | 119 | 115 | 122 | 131 |
| Operating Profit | 17 | 15 | 11 | 10 | 12 | 8 | 11 | 14 | 17 | 20 | 20 | 15 | 18 |
| OPM % | 14% | 13% | 9% | 8% | 10% | 6% | 9% | 11% | 13% | 14% | 15% | 11% | 12% |
| Other Income | 0 | 1 | 3 | 3 | 2 | 2 | 1 | 3 | 2 | 1 | -2 | 2 | 2 |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 5 |
| PBT | 14 | 13 | 10 | 9 | 10 | 6 | 8 | 13 | 16 | 16 | 13 | 12 | 15 |
| Tax % | 19% | 25% | 31% | 26% | 27% | 37% | 29% | 17% | 20% | 25% | 23% | 21% | 24% |
| Net Profit | 11 | 10 | 7 | 7 | 7 | 4 | 6 | 10 | 13 | 12 | 10 | 10 | 11 |
| EPS in Rs | 4.86 | 4.27 | 3.02 | 2.97 | 3.14 | 1.56 | 2.66 | 4.59 | 5.6 | 5.25 | 4.44 | 4.2 | 5.02 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 189 | 198 | 224 | 244 | 261 | 272 | 240 | 307 | 441 | 472 | 491 | 544 | 560 |
| Expenses | 177 | 184 | 212 | 233 | 239 | 248 | 223 | 286 | 414 | 420 | 447 | 472 | 487 |
| Operating Profit | 13 | 14 | 11 | 11 | 22 | 23 | 17 | 22 | 27 | 52 | 45 | 72 | 73 |
| OPM % | 7% | 7% | 5% | 4.6% | 9% | 9% | 7% | 7% | 6% | 11% | 9% | 13% | 13% |
| Other Income | 1 | 2 | 3 | 5 | 1 | 1 | 5 | 21 | 5 | 7 | 7 | 4 | 3 |
| Interest | 3 | 4 | 3 | 3 | 3 | 3 | 2 | 1 | 2 | 1 | 2 | 3 | 3 |
| Depreciation | 5 | 4 | 4 | 5 | 6 | 11 | 10 | 10 | 13 | 13 | 13 | 16 | 17 |
| PBT | 5 | 8 | 7 | 8 | 15 | 10 | 10 | 32 | 18 | 45 | 36 | 57 | 56 |
| Tax % | 37% | 61% | 38% | 11% | 33% | 35% | 25% | 26% | 36% | 25% | 25% | 22% | — |
| Net Profit | 3 | 3 | 4 | 7 | 10 | 6 | 7 | 24 | 11 | 34 | 27 | 44 | 43 |
| EPS in Rs | 2 | 2.14 | 2.7 | 4.32 | 6.41 | 3.89 | 4.49 | 10.75 | 5.15 | 15.06 | 11.94 | 19.48 | 18.91 |
| Div. Payout % | 0% | 47% | 37% | 23% | 23% | 39% | 67% | 28% | 58% | 33% | 42% | 41% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 16 | 16 | 16 | 16 | 22 | 22 | 23 | 23 | 22 |
| Reserves | 17 | 21 | 27 | 34 | 45 | 52 | 58 | 141 | 152 | 185 | 202 | 231 |
| Borrowings | 29 | 23 | 25 | 23 | 18 | 35 | 25 | 19 | 17 | 28 | 32 | 40 |
| Other Liabilities | 27 | 31 | 22 | 28 | 27 | 33 | 38 | 45 | 50 | 50 | 54 | 74 |
| Total Liabilities | 88 | 91 | 90 | 100 | 106 | 135 | 138 | 227 | 240 | 285 | 311 | 367 |
| Fixed Assets | 12 | 11 | 18 | 16 | 15 | 28 | 30 | 57 | 54 | 63 | 65 | 89 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 76 | 80 | 72 | 85 | 91 | 107 | 108 | 170 | 187 | 222 | 244 | 279 |
| Total Assets | 88 | 91 | 90 | 100 | 106 | 135 | 138 | 227 | 240 | 285 | 311 | 367 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 15 | 10 | 14 | 16 | 11 | 29 | 33 | -4 | 6 | 62 | 32 | 65 |
| Investing | -4 | -1 | -11 | -5 | -5 | -5 | -10 | -32 | 6 | -62 | -17 | -21 |
| Financing | -11 | -9 | 0 | -10 | -9 | -10 | -12 | 57 | -14 | -16 | -21 | -31 |
| Net Cash Flow | 0 | 0 | 3 | 2 | -3 | 13 | 11 | 21 | -2 | -16 | -7 | 13 |
| Free Cash Flow | 15 | 10 | 9 | 12 | 6 | 27 | 20 | -26 | -1 | 61 | 28 | 46 |
| CFO/OP | 132 | 111 | 86 | 186 | 86 | 148 | 168 | 30 | 35 | 123 | 84 | 114 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 75 | 71 | 79 | 68 | 68 | 67 | 62 | 79 | 91 | 78 | 81 | 81 |
| Cash Conversion Cycle | 75 | 71 | 79 | 68 | 68 | 67 | 62 | 79 | 91 | 78 | 81 | 81 |
| Working Capital Days | 14 | 26 | 24 | 20 | 33 | 9 | 13 | 47 | 52 | 88 | 102 | 54 |
| ROCE % | 14% | 19% | 15% | 15% | 24% | 14% | 12% | 23% | 10% | 22% | 16% | 23% |
Documents
1
Acquisition Of 30,127 Equity Shares By Mrs. Prachi Mehta, Promoter Of The Company From The Open Market
18 Aug - Promoter Mrs Prachi Mehta acquired 30,127 shares, 0.13% stake, on August 18, 2026. 18 Aug - Promoter Mrs Prachi Mehta acquired 30,127 shares, 0.13% stake, on August 18, 2026.
3
Board Meeting Intimation for Considering And Approving The Proposal For Buyback Of Its Fully Paid-Up Equity Shares Of The Company
7 May - Board meeting on May 12, 2026 to consider buyback of equity shares. 7 May - Board meeting on May 12, 2026 to consider buyback of equity shares.
5
Corporate Action-Board approves Dividend
8h - Board recommended final dividend of Rs. 8 per share for FY ended March 31, 2026, subject to AGM approval. 8h - Board recommended final dividend of Rs. 8 per share for FY ended March 31, 2026, subject to AGM approval.
Frequently Asked Questions about Onward Technologies Ltd
What does Onward Technologies Ltd do?
Incorporated in 1991, Onward Technologies is a software outsourcing company specializing in Digital and ER&D services.[1]
Where is Onward Technologies Ltd (ONWARDTEC) listed?
Onward Technologies Ltd is listed on the Indian stock exchanges. It is listed on NSE: ONWARDTEC and BSE: 517536. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Onward Technologies Ltd belong to?
Onward Technologies Ltd operates in the Information Technology sector within the IT Enabled Services industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Onward Technologies Ltd?
Onward Technologies Ltd has a market capitalisation of approximately ₹627.71 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Onward Technologies Ltd?
The Price-to-Earnings (PE) ratio of Onward Technologies Ltd is 14.94. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Onward Technologies Ltd?
Over the past 52 weeks, Onward Technologies Ltd has traded between a low of ₹208.25 and a high of ₹357. This range helps investors understand the stock's price volatility and recent trading levels.
Does Onward Technologies Ltd pay dividends?
Yes, Onward Technologies Ltd has a dividend yield of 2.82%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Onward Technologies Ltd?
Onward Technologies Ltd has a Return on Equity (ROE) of 17.48%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Onward Technologies Ltd on Tapetide?
On Tapetide, you can view Onward Technologies Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1991, Onward Technologies is a software outsourcing company specializing in Digital and ER&D services.[1]
Website onwardgroup.com
CEO Mr. Harish Shantital Mehta
Employees 2,581
Listed 2001-03-07
Face Value ₹ 10
Issued Size 2,27,42,970