Onward Technologies Ltd

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

Onward Technologies Ltd

₹ 452 -3.21%
03 May - close price
onwardgroup.com BSE: 517536 NSE : ONWARDTEC
About

Established in 1991 Onward Technologies Ltd is a tech company focusing on Engineering Research & Development (ER&D), Digital Transformation and IT consulting services (ITS).
Headquartered at Mumbai and has clients across India, USA, UK & Europe. The promoters have 3 Decades of Experience in the IT Industry. [1] [2] [3]

Key Points

Business Segments FY23[1]
The company has 3 dedicated verticals.
1 Transportation & Mobility
2 Industrial Equipment & Heavy Machinery
3 Healthcare & MedTech

Website BSE NSE
  • Market Cap ₹ 1,018 Cr.
  • Current Price ₹ 452
  • High / Low ₹ 740 / 324
  • Stock P/E 33.5
  • Book Value ₹ 76.0
  • Dividend Yield 0.66 %
  • ROCE 13.4 %
  • ROE 10.3 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 48.7% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 50.2%

Cons

  • Company has a low return on equity of 11.3% over last 3 years.
  • Debtor days have increased from 76.8 to 98.3 days.
  • Promoter holding has decreased over last 3 years: -23.6%

* 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

Sector: IT - Software Industry: Computers - Software - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
42.36 49.71 51.59 56.71 59.56 66.54 69.13 76.76 81.26 88.02 84.49 87.09 85.19
37.05 45.56 51.08 51.97 53.94 59.78 65.18 73.42 74.68 75.83 73.28 75.37 76.66
Operating Profit 5.31 4.15 0.51 4.74 5.62 6.76 3.95 3.34 6.58 12.19 11.21 11.72 8.53
OPM % 12.54% 8.35% 0.99% 8.36% 9.44% 10.16% 5.71% 4.35% 8.10% 13.85% 13.27% 13.46% 10.01%
2.40 2.48 1.04 1.88 0.78 1.90 2.94 2.01 1.99 3.10 1.22 2.51 4.57
Interest 0.58 0.38 0.22 0.22 0.26 0.31 0.42 0.43 0.42 0.39 0.34 0.31 0.28
Depreciation 2.12 2.21 2.17 2.19 2.23 2.62 3.02 3.18 3.30 3.21 3.19 3.20 3.25
Profit before tax 5.01 4.04 -0.84 4.21 3.91 5.73 3.45 1.74 4.85 11.69 8.90 10.72 9.57
Tax % 25.55% 26.24% 25.00% 26.37% 24.81% 31.94% 17.10% 31.03% 27.42% 25.49% 25.39% 25.47% 26.02%
3.73 2.97 -0.61 3.10 2.94 3.90 2.85 1.21 3.52 8.71 6.63 7.99 7.08
EPS in Rs 2.29 1.82 -0.35 1.76 1.34 1.77 1.29 0.55 1.58 3.90 2.96 3.56 3.15
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
62 67 74 87 89 93 107 118 181 173 234 315 345
51 58 61 77 79 88 103 103 166 153 217 289 301
Operating Profit 11 9 12 10 10 5 4 15 15 20 18 27 44
OPM % 18% 13% 17% 11% 11% 5% 3% 13% 8% 11% 8% 8% 13%
1 2 1 0 1 7 7 5 7 8 5 9 11
Interest 2 2 2 2 2 2 2 2 3 2 1 2 1
Depreciation 3 3 3 5 3 4 5 5 10 9 9 13 13
Profit before tax 7 5 8 3 6 5 3 13 8 17 13 22 41
Tax % -28% 29% 30% 42% 81% 44% 34% 29% 28% 24% 28% 25%
9 4 6 2 1 3 2 9 5 13 9 16 30
EPS in Rs 6.40 2.72 3.94 1.19 0.72 1.95 1.42 5.92 3.38 7.75 4.23 7.30 13.57
Dividend Payout % 0% 0% 0% 0% 138% 51% 71% 25% 44% 39% 71% 41%
Compounded Sales Growth
10 Years: 17%
5 Years: 24%
3 Years: 20%
TTM: 17%
Compounded Profit Growth
10 Years: 16%
5 Years: 49%
3 Years: 43%
TTM: 165%
Stock Price CAGR
10 Years: 25%
5 Years: 54%
3 Years: 54%
1 Year: 39%
Return on Equity
10 Years: 10%
5 Years: 12%
3 Years: 11%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 14 14 14 15 15 15 16 16 16 16 22 22 22
Reserves 14 19 26 28 28 34 36 45 45 57 126 139 149
18 15 18 14 19 17 18 17 22 10 18 15 13
20 21 20 24 30 20 21 19 34 34 48 42 39
Total Liabilities 66 69 78 80 92 86 92 98 118 117 214 218 223
11 10 11 11 10 14 13 13 26 29 38 35 31
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 25 27 28 28 28 39 39 39 12 12 32 33 33
30 32 39 41 54 32 39 46 80 76 144 150 158
Total Assets 66 69 78 80 92 86 92 98 118 117 214 218 223

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6 7 4 12 -1 10 7 7 30 27 4 4
-7 -4 -5 -5 -2 -4 -5 -3 -3 -8 -34 5
1 -3 2 -6 3 -1 -8 -4 -22 -15 57 -15
Net Cash Flow -0 -0 0 0 0 5 -6 0 5 4 28 -6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 92 63 68 50 52 65 65 66 68 60 72 98
Inventory Days
Days Payable
Cash Conversion Cycle 92 63 68 50 52 65 65 66 68 60 72 98
Working Capital Days 10 -6 -1 -23 4 -11 11 37 23 38 40 63
ROCE % 23% 16% 20% 9% 13% 12% 8% 20% 13% 22% 11% 13%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
57.64% 57.33% 45.97% 45.79% 45.69% 45.51% 45.43% 45.21% 45.07% 44.96% 38.15% 38.12%
0.00% 0.01% 0.22% 0.03% 0.00% 24.38% 0.01% 0.00% 0.06% 0.09% 2.14% 2.50%
0.63% 0.72% 0.54% 0.25% 0.24% 0.23% 0.31% 0.55% 0.87% 0.84% 6.15% 7.65%
41.73% 41.95% 53.28% 53.93% 54.07% 29.87% 54.25% 54.24% 54.02% 54.12% 53.56% 51.73%
No. of Shareholders 13,41911,79511,24211,57111,55211,62310,91110,68112,13314,27815,36516,931

* 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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