Onward Technologies Ltd

Onward Technolog Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Onward Technologies Ltd

₹ 320 7.82%
06 Oct - close price
onwardgroup.com BSE: 517536 NSE: ONWARDTEC
About

Incorporated in 1991, Onward Technologies is a software and technology services outsourcing company specializing in digital, embedded, mechanical engineering for global original equipment manufacturers (OEMs) in Industrial Equipment, Heavy Machinery, Power Generation, Renewables, Hydro Energy, Construction, Agricultural and Mining Equipment, Automotive, Rail Transportation Healthcare and Life Sciences.[1]

Key Points

Business Overview:[1]
Onward Technologies works with 80 plus North American & European original equipment manufacturers (OEMs) companies and helps them accelerate innovation and drive smarter products to market, while maximizing total returns on their R&D investments. With 6 global Sales offices and India delivery excellence centres across Pune, Chennai, Bangalore and Hyderabad, the company offers its global clients the benefits of both global presence and local reach, access to an expert talent pool and the agility to ramp up complex engineering projects rapidly. OTL is ISO 9001 TUV Nord and TISAX certified.

Website BSE NSE
  • Market Cap ₹ 727 Cr.
  • Current Price ₹ 320
  • High / Low ₹ 435 / 206
  • Stock P/E 27.8
  • Book Value ₹ 88.9
  • Dividend Yield 1.56 %
  • ROCE 16.0 %
  • ROE 12.5 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 35.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 42.7%

Cons

  • Company has a low return on equity of 13.0% over last 3 years.
  • Promoter holding has decreased over last 3 years: -6.67%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Information Technology Information Technology IT - Services IT Enabled Services

Part of BSE Information Technology BSE SmallCap BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
69.13 76.76 81.26 88.02 84.49 87.09 85.19 89.18 89.55 95.73 96.50 99.30 103.32
65.18 73.42 74.68 74.83 73.28 75.37 75.34 80.66 77.97 86.73 86.35 91.98 89.60
Operating Profit 3.95 3.34 6.58 13.19 11.21 11.72 9.85 8.52 11.58 9.00 10.15 7.32 13.72
OPM % 5.71% 4.35% 8.10% 14.99% 13.27% 13.46% 11.56% 9.55% 12.93% 9.40% 10.52% 7.37% 13.28%
2.94 2.01 1.99 2.10 1.22 2.51 3.25 3.31 2.67 2.77 2.44 3.30 2.70
Interest 0.42 0.43 0.42 0.39 0.34 0.31 0.28 0.51 0.65 0.70 0.70 0.65 0.62
Depreciation 3.02 3.18 3.30 3.21 3.19 3.20 3.25 3.25 3.41 3.39 3.36 3.42 3.29
Profit before tax 3.45 1.74 4.85 11.69 8.90 10.72 9.57 8.07 10.19 7.68 8.53 6.55 12.51
Tax % 17.10% 31.03% 27.42% 25.49% 25.39% 25.47% 26.02% 25.28% 25.42% 25.52% 26.73% 26.72% 25.42%
2.85 1.21 3.52 8.71 6.63 7.99 7.08 6.02 7.61 5.72 6.25 4.80 9.33
EPS in Rs 1.29 0.55 1.58 3.90 2.96 3.56 3.15 2.67 3.37 2.53 2.76 2.12 4.10
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
74 87 89 93 107 118 181 173 234 315 346 381 395
61 77 79 88 103 103 166 153 217 287 305 343 355
Operating Profit 12 10 10 5 4 15 15 20 18 28 41 38 40
OPM % 17% 11% 11% 5% 3% 13% 8% 11% 8% 9% 12% 10% 10%
1 0 1 7 7 5 7 8 5 8 10 11 11
Interest 2 2 2 2 2 2 3 2 1 2 1 3 3
Depreciation 3 5 3 4 5 5 10 9 9 13 13 14 13
Profit before tax 8 3 6 5 3 13 8 17 13 22 37 33 35
Tax % 30% 42% 81% 44% 34% 29% 28% 24% 28% 25% 26% 26%
6 2 1 3 2 9 5 13 9 16 28 24 26
EPS in Rs 3.94 1.19 0.72 1.95 1.42 5.92 3.38 7.75 4.23 7.30 12.31 10.75 11.51
Dividend Payout % 0% 0% 138% 51% 71% 25% 44% 39% 71% 41% 41% 47%
Compounded Sales Growth
10 Years: 16%
5 Years: 16%
3 Years: 18%
TTM: 12%
Compounded Profit Growth
10 Years: 28%
5 Years: 35%
3 Years: 39%
TTM: -9%
Stock Price CAGR
10 Years: 15%
5 Years: 38%
3 Years: 6%
1 Year: -20%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 13%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 14 15 15 15 16 16 16 16 22 22 23 23
Reserves 26 28 28 34 36 45 45 57 126 139 165 179
18 14 19 17 18 17 22 10 18 15 26 29
20 24 30 20 21 19 34 34 48 42 47 61
Total Liabilities 78 80 92 86 92 98 118 117 214 218 261 291
11 11 10 14 13 13 26 29 38 35 44 44
CWIP 0 0 0 0 0 0 0 0 0 0 1 2
Investments 28 28 28 39 39 39 12 12 32 33 33 33
39 41 54 32 39 46 80 76 144 150 183 212
Total Assets 78 80 92 86 92 98 118 117 214 218 261 291

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
4 12 -1 10 7 7 30 27 4 4 67 34
-5 -5 -2 -4 -5 -3 -3 -8 -34 5 -62 -15
2 -6 3 -1 -8 -4 -22 -15 57 -15 -17 -22
Net Cash Flow 0 0 0 5 -6 0 5 4 28 -6 -12 -3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 68 50 52 65 65 66 68 60 72 98 74 81
Inventory Days
Days Payable
Cash Conversion Cycle 68 50 52 65 65 66 68 60 72 98 74 81
Working Capital Days -44 -46 -43 -44 -39 -13 -0 30 30 53 89 99
ROCE % 20% 9% 13% 12% 8% 20% 13% 22% 11% 13% 20% 16%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
45.51% 45.43% 45.21% 45.07% 44.96% 38.15% 38.12% 38.02% 37.94% 37.86% 38.66% 39.02%
24.38% 0.01% 0.00% 0.06% 0.09% 2.14% 2.50% 1.64% 8.97% 9.18% 9.30% 9.29%
0.23% 0.31% 0.55% 0.87% 0.84% 6.15% 7.65% 7.58% 7.38% 6.38% 3.86% 3.73%
29.87% 54.25% 54.24% 54.02% 54.12% 53.56% 51.73% 52.75% 45.73% 46.57% 48.19% 47.88%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.07%
No. of Shareholders 11,62310,91110,68112,13314,27815,36516,93119,32721,42222,58222,72123,310

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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