Onward Technologies Ltd

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

Onward Technologies Ltd

₹ 461 -2.02%
25 Apr - 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 ₹ 1,039 Cr.
  • Current Price ₹ 461
  • High / Low ₹ 740 / 320
  • Stock P/E 30.1
  • Book Value ₹ 84.6
  • Dividend Yield 0.65 %
  • ROCE 10.4 %
  • ROE 6.67 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 51.0%

Cons

  • Company has a low return on equity of 11.7% over last 3 years.
  • 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

Consolidated Figures in Rs. Crores / View Standalone

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
57.83 66.33 69.60 72.94 77.26 87.47 93.67 110.11 115.78 121.37 119.62 120.24 114.09
53.85 62.49 71.47 65.68 67.57 81.13 90.75 106.94 109.23 107.30 105.14 105.23 104.75
Operating Profit 3.98 3.84 -1.87 7.26 9.69 6.34 2.92 3.17 6.55 14.07 14.48 15.01 9.34
OPM % 6.88% 5.79% -2.69% 9.95% 12.54% 7.25% 3.12% 2.88% 5.66% 11.59% 12.10% 12.48% 8.19%
2.17 2.02 15.54 4.11 0.28 1.60 2.10 1.01 1.12 1.74 2.64 1.43 4.11
Interest 0.64 0.42 0.23 0.24 0.26 0.29 0.41 0.43 0.43 0.39 0.36 0.33 0.31
Depreciation 2.40 2.49 2.42 2.52 2.46 2.70 3.07 3.26 3.39 3.25 3.26 3.28 3.31
Profit before tax 3.11 2.95 11.02 8.61 7.25 4.95 1.54 0.49 3.85 12.17 13.50 12.83 9.83
Tax % 24.44% 26.78% 10.25% 35.08% 31.31% 34.95% 20.78% -18.37% 36.10% 40.51% 19.41% 25.33% 31.03%
2.35 2.17 9.89 5.59 4.98 3.22 1.21 0.58 2.46 7.24 10.88 9.57 6.79
EPS in Rs 1.44 1.33 5.65 3.18 2.27 1.46 0.55 0.26 1.11 3.25 4.86 4.27 3.02
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
131 146 167 189 198 224 244 261 272 240 307 441 475
120 133 158 177 184 212 233 239 248 223 286 414 422
Operating Profit 11 14 9 13 14 11 11 22 23 17 22 27 53
OPM % 8% 9% 5% 7% 7% 5% 5% 9% 9% 7% 7% 6% 11%
2 2 1 1 2 3 5 1 1 5 21 5 10
Interest 3 3 3 3 4 3 3 3 3 2 1 2 1
Depreciation 5 4 4 5 4 4 5 6 11 10 10 13 13
Profit before tax 5 8 3 5 8 7 8 15 10 10 32 18 48
Tax % -24% 32% 97% 37% 61% 38% 11% 33% 35% 25% 26% 36%
7 5 0 3 3 4 7 10 6 7 24 11 34
EPS in Rs 4.83 3.87 0.06 2.00 2.14 2.70 4.32 6.41 3.89 4.49 10.75 5.15 15.40
Dividend Payout % 0% 0% 0% 0% 47% 37% 23% 23% 39% 67% 28% 58%
Compounded Sales Growth
10 Years: 12%
5 Years: 13%
3 Years: 18%
TTM: 17%
Compounded Profit Growth
10 Years: 8%
5 Years: 11%
3 Years: 22%
TTM: 362%
Stock Price CAGR
10 Years: 25%
5 Years: 55%
3 Years: 58%
1 Year: 39%
Return on Equity
10 Years: 12%
5 Years: 12%
3 Years: 12%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 4 9 12 17 21 27 34 45 52 58 141 152 168
32 35 37 29 23 25 23 18 35 25 19 17 15
21 21 23 27 31 22 28 27 33 38 45 50 46
Total Liabilities 70 80 86 88 91 90 100 106 135 138 227 240 252
13 12 12 12 11 18 16 15 28 30 57 54 50
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
57 68 74 76 80 72 85 91 107 108 170 187 201
Total Assets 70 80 86 88 91 90 100 106 135 138 227 240 252

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
3 2 3 15 10 14 16 11 29 33 -4 6
-2 -3 -3 -4 -1 -11 -5 -5 -5 -10 -32 6
-1 3 -1 -11 -9 -0 -10 -9 -10 -12 57 -14
Net Cash Flow 1 1 -1 0 0 3 2 -3 13 11 21 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 95 91 86 75 71 79 68 68 67 62 79 91
Inventory Days
Days Payable
Cash Conversion Cycle 95 91 86 75 71 79 68 68 67 62 79 91
Working Capital Days 70 75 56 42 57 48 46 55 41 42 56 60
ROCE % 17% 20% 10% 14% 19% 15% 15% 24% 14% 12% 23% 10%

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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