Onward Technologies Ltd

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

Onward Technologies Ltd

₹ 333 -0.86%
13 Dec - close price
onwardgroup.com BSE: 517536 NSE: ONWARDTEC
About

Incorporated in 1991, Onward Technology
Ltd is in the business of Mechanical Engineering Design and IT Services[1]

Key Points

Business Overview:[1]
OTL is an ISO 9001 TUV Nord and Tusax certified software outsourcing company specializing in Digital & Data Engineering, Electronics & Embedded Engineering, and ER&D services. Company is headquartered in Mumbai, with a global presence in ~13 countries including North America, Europe, and offshore delivery centres in India

Website BSE NSE
  • Market Cap ₹ 753 Cr.
  • Current Price ₹ 333
  • High / Low ₹ 740 / 303
  • Stock P/E 31.3
  • Book Value ₹ 92.1
  • Dividend Yield 1.50 %
  • ROCE 21.7 %
  • ROE 17.7 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has delivered good profit growth of 27.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 39.8%

Cons

  • Promoter holding has decreased over last 3 years: -19.4%

* 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

Part of BSE SmallCap BSE Allcap BSE Information Technology

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
72.94 77.26 87.47 93.67 110.11 115.78 121.37 119.62 120.24 114.09 118.44 117.60 123.04
65.68 67.57 81.13 90.75 106.94 109.23 106.04 102.94 105.04 103.42 108.79 105.90 115.08
Operating Profit 7.26 9.69 6.34 2.92 3.17 6.55 15.33 16.68 15.20 10.67 9.65 11.70 7.96
OPM % 9.95% 12.54% 7.25% 3.12% 2.88% 5.66% 12.63% 13.94% 12.64% 9.35% 8.15% 9.95% 6.47%
4.11 0.28 1.60 2.10 1.01 1.12 0.48 0.44 1.24 2.78 2.82 1.82 1.56
Interest 0.24 0.26 0.29 0.41 0.43 0.43 0.39 0.36 0.33 0.31 0.34 0.51 0.59
Depreciation 2.52 2.46 2.70 3.07 3.26 3.39 3.25 3.26 3.28 3.31 3.12 3.32 3.33
Profit before tax 8.61 7.25 4.95 1.54 0.49 3.85 12.17 13.50 12.83 9.83 9.01 9.69 5.60
Tax % 35.08% 31.31% 34.95% 20.78% -18.37% 36.10% 40.51% 19.41% 25.33% 31.03% 25.75% 26.83% 36.79%
5.59 4.98 3.22 1.21 0.58 2.46 7.24 10.88 9.57 6.79 6.68 7.09 3.54
EPS in Rs 3.18 2.27 1.46 0.55 0.26 1.11 3.25 4.86 4.27 3.02 2.97 3.14 1.56
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
146 167 189 198 224 244 261 272 240 307 441 472 473
133 158 177 184 212 233 239 248 223 286 412 420 433
Operating Profit 14 9 13 14 11 11 22 23 17 22 29 52 40
OPM % 9% 5% 7% 7% 5% 5% 9% 9% 7% 7% 7% 11% 8%
2 1 1 2 3 5 1 1 5 21 3 7 9
Interest 3 3 3 4 3 3 3 3 2 1 2 1 2
Depreciation 4 4 5 4 4 5 6 11 10 10 13 13 13
Profit before tax 8 3 5 8 7 8 15 10 10 32 18 45 34
Tax % 32% 97% 37% 61% 38% 11% 33% 35% 25% 26% 36% 25%
5 0 3 3 4 7 10 6 7 24 11 34 24
EPS in Rs 3.87 0.06 2.00 2.14 2.70 4.32 6.41 3.89 4.49 10.75 5.15 15.06 10.69
Dividend Payout % 0% 0% 0% 47% 37% 23% 23% 39% 67% 28% 58% 33%
Compounded Sales Growth
10 Years: 11%
5 Years: 13%
3 Years: 25%
TTM: -1%
Compounded Profit Growth
10 Years: 77%
5 Years: 27%
3 Years: 67%
TTM: -20%
Stock Price CAGR
10 Years: 19%
5 Years: 38%
3 Years: 4%
1 Year: -51%
Return on Equity
10 Years: 13%
5 Years: 13%
3 Years: 14%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 14 14 15 15 15 16 16 16 16 22 22 23 23
Reserves 9 12 17 21 27 34 45 52 58 141 152 185 186
35 37 29 23 25 23 18 35 25 19 17 28 34
21 23 27 31 22 28 27 33 38 45 50 50 57
Total Liabilities 80 86 88 91 90 100 106 135 138 227 240 285 299
12 12 12 11 18 16 15 28 30 57 54 63 68
CWIP 0 0 0 0 0 0 0 0 0 0 0 1 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
68 74 76 80 72 85 91 107 108 170 187 222 232
Total Assets 80 86 88 91 90 100 106 135 138 227 240 285 299

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2 3 15 10 14 16 11 29 33 -4 6 62
-3 -3 -4 -1 -11 -5 -5 -5 -10 -32 6 -62
3 -1 -11 -9 -0 -10 -9 -10 -12 57 -14 -16
Net Cash Flow 1 -1 0 0 3 2 -3 13 11 21 -2 -16

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 91 86 75 71 79 68 68 67 62 79 91 78
Inventory Days
Days Payable
Cash Conversion Cycle 91 86 75 71 79 68 68 67 62 79 91 78
Working Capital Days 75 56 42 57 48 46 55 41 42 56 60 95
ROCE % 20% 10% 14% 19% 15% 15% 24% 14% 12% 23% 10% 22%

Shareholding Pattern

Numbers in percentages

6 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
45.97% 45.79% 45.69% 45.51% 45.43% 45.21% 45.07% 44.96% 38.15% 38.12% 38.02% 37.94%
0.22% 0.03% 0.00% 24.38% 0.01% 0.00% 0.06% 0.09% 2.14% 2.50% 1.64% 8.97%
0.54% 0.25% 0.24% 0.23% 0.31% 0.55% 0.87% 0.84% 6.15% 7.65% 7.58% 7.38%
53.28% 53.93% 54.07% 29.87% 54.25% 54.24% 54.02% 54.12% 53.56% 51.73% 52.75% 45.73%
No. of Shareholders 11,24211,57111,55211,62310,91110,68112,13314,27815,36516,93119,32721,422

* 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.

Click on the line-items to see the names of individual entities.

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