Onward Technologies
Onward Technologies Limited valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Onward Technologies Limited, framed against the sector median so the premium or discount is obvious at a glance.
Onward Technologies Limited trades at a P/E of 10.73× and P/B of 1.88×, against the Information Technology sector median P/E of 18.69×.
Valuation
Profitability
Growth
Financial Health
Onward Technologies Limited chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Onward Technologies Limited — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Onward Technologies Limited financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Onward Technologies Limited, switchable between annual and quarterly views, consolidated or standalone.
Onward Technologies Limited reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹590.17 Cr and reported EPS of ₹19.52.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 244 | 259 | 272 | 240 | 307 | 441 | 472 | 491 | 544 |
| Other Income | 5 | 3 | 1 | 5 | 22 | 5 | 7 | 7 | 7 |
| Total Income | 249 | 262 | 273 | 246 | 329 | 446 | 480 | 499 | 551 |
| Cost of Goods Sold (COGS) | 4 | 4 | 0 | 2 | 0 | — | — | — | — |
| Gross Profit | 241 | 255 | 271 | 239 | 307 | 441 | 472 | 491 | 544 |
| +Operating Expenses | 229 | 234 | 248 | 221 | 286 | 414 | 420 | 447 | 472 |
| EBITDA | 11 | 21 | 23 | 17 | 21 | 27 | 52 | 45 | 72 |
| +Non-Operating Expenses | 9 | 8 | 15 | 13 | 11 | 15 | 14 | 16 | 16 |
| Profit Before Tax (PBT) | 8 | 15 | 10 | 10 | 32 | 18 | 45 | 36 | 57 |
| +Tax Expense | 1 | 5 | 3 | 2 | 8 | 7 | 11 | 9 | 13 |
| Total Profit for Period | 7 | 10 | 6 | 7 | 24 | 11 | 34 | 27 | 44 |
| Net Profit (Owner's PAT) | 7 | 10 | 6 | 7 | 24 | 11 | 34 | 27 | 44 |
| Earnings Per Share (EPS) | 4.32 | 6.41 | 3.89 | 4.49 | 10.76 | 5.15 | 15.06 | 11.94 | 19.48 |
| Diluted Shares Outstanding (Nos.) | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| +Additional Disclosures | 245 | 252 | 265 | 237 | 298 | 430 | 435 | 462 | 496 |
| Sales Growth % | — | 6.15 | 4.64 | -11.48 | 27.83 | 43.50 | 7.14 | 4.01 | 10.69 |
| YoY Sales Growth % | — | 6.15 | 4.64 | -11.48 | 27.83 | 43.50 | 7.14 | 4.01 | 10.69 |
| Material Cost % | — | — | 0 | — | 0 | — | — | — | — |
| Employee Cost % | 76 | 73 | 78 | 79 | 78 | 80 | 76 | 77 | 73 |
| Other Cost % | 18 | 18 | 14 | 13 | 15 | 14 | 13 | 14 | 14 |
| OPM % | 5 | 8 | 9 | 7 | 7 | 6 | 11 | 9 | 13 |
| Tax % | 11 | 33 | 35 | 25 | 26 | 36 | 25 | 25 | 22 |
| Profit Growth % | — | 50.89 | -38.45 | 17.64 | 222.76 | -51.53 | 195.45 | -20.17 | 63.69 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| +Additional Fields | 6 | 15 | 12 | 7 | 11 | 14 | 39 | 31 | 56 |
Onward Technologies segment analysis: revenue and profit mix.
Disclosed business segments at Onward Technologies with their share of revenue and profit, switchable between consolidated and standalone reporting.
Onward Technologies discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Onward Technologies Limited investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Onward Technologies Limited, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Onward Technologies Limited's investment case rests on 8 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
Onward Technologies shows robust quarterly profit growth of 237.00%, with a healthy Return on Equity (ROE) of 12.50%. This indicates efficient capital utilization and strong profitability for investors.
The company maintains a low debt-to-equity ratio of 0.17, reflecting a sound financial structure and reduced insolvency risk. A healthy ROCE of 15.60% further supports efficient capital management.
Onward Technologies demonstrates a positive trend in quarterly sales, increasing by 13.00%. This sustained revenue growth is a strong indicator of the company's market position and future business prospects.
With a competitive Price-to-Earnings (PE) ratio of 16.80, the company appears reasonably valued compared to many peers. A solid operating profit margin (OPM) of 11.90% also highlights operational efficiency.
The company receives a 'Buy' recommendation for long-term investors, backed by good fundamentals and a score of 71%. This suggests a solid investment choice with a reasonable risk-reward profile.
What can break it.
Promoter holding has decreased from 45.69% in 2022 to 39.02% in 2025, raising concerns about potential future dilution of ownership and control. This decline warrants further investigation.
Despite impressive quarterly profit growth, the absolute net profit for the quarter remains relatively modest at ₹11.9 million. Sustaining high growth rates from this base presents a significant challenge.
The stock price has shown considerable volatility, fluctuating between a 52-week high of ₹385.00 and a low of ₹206.00. This wide range poses a risk to investors seeking stability and consistent returns.
While the debt-to-equity ratio is low, the absolute debt level of ₹39.4 million could still be a concern for some investors, especially if the company plans significant expansion or faces unforeseen economic downturns.
The IT Enabled Services industry faces intense competition from both established players and emerging startups. This competitive landscape could pressure pricing, reduce margins, and make client acquisition challenging.
What would change my mind.
Trim if P/E re-rates above 14 (~0.7× the sector multiple of 18.7). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 16.22. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 14%. The operating engine is no longer compounding capital efficiently.
Onward Technologies Limited peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Onward Technologies Limited is highlighted for quick read-across.
Quick Compare
Peer Comparison
Onward Technologies Limited technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Onward Technologies Limited — derived from the live tape, not yesterday's close.
Onward Technologies Limited last traded at ₹263.95 with an intraday range of ₹255.95–₹273.9 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹263.95| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 309.15 | +45.20 | +17.12% |
| R3 | 291.20 | +27.25 | +10.32% |
| R2 | 282.55 | +18.60 | +7.05% |
| R1 | 273.25 | +9.30 | +3.52% |
| PIVOT | 264.60 | 0.65 | 0.25% |
| CURRENT | 263.95 | — | — |
| S1 | 219.40 | -44.55 | -16.88% |
| S2 | 237.35 | -26.60 | -10.08% |
| S3 | 246.65 | -17.30 | -6.55% |
| S4 | 255.30 | -8.65 | -3.28% |
ONWARDTEC is trading Below CPR, indicating Bearishness
CPR is Average
Day's range: 255.95 ~ 264.2
Trading Inside opening range
Onward Technologies Limited delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Onward Technologies Limited over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Onward Technologies Limited stood at 56.3% of traded volume, against a 20-day average of 57.8%.
Onward Technologies announcements: results, concalls, ratings, M&A.
Filings Onward Technologies sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Onward Technologies files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 80 documents below.
ESOP/ESOS/ESPS
Onward Technologies Limited has informed the Exchange regarding Allotment of 31000 Shares.
Closure of Buy Back
Onward Technologies Limited has informed the Exchange regarding Closure of Buy Back with effect from Jun 15, 2026
Post Buyback Public Announcement
Onward Technologies Limited has informed the Exchange about post Buyback Public Announcement
Disclosure under SEBI Takeover Regulations
Onward Technologies Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India…
Copy of Newspaper Publication
Onward Technologies Limited has informed the Exchange about Copy of Newspaper Publication
Investor decks & rating reports.
Onward Technologies insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in Onward Technologies as reported to SEBI — buying and selling signals from the people who know the business best.
Onward Technologies insider activity below tracks 10 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| JHM ENTERPRISES PRIVATE LIMITED | Insider | 26 May 2025 | buy | +15.0 K | ₹45.91 L | ₹306.08 |
| JHM ENTERPRISES PRIVATE LIMITED | Insider | 26 May 2025 | buy | +35.0 K | ₹1.07 Cr | ₹305.79 |
| JHM ENTERPRISES PRIVATE LIMITED | Insider | 21 May 2025 | buy | +50.0 K | ₹1.5 Cr | ₹300.32 |
| JHM ENTERPRISES PRIVATE LIMITED | Insider | 18 Mar 2025 | buy | +50.0 K | ₹1.3 Cr | ₹259.34 |
| JHM ENTERPRISES PRIVATE LIMITED | Insider | 27 Feb 2025 | buy | +50.0 K | ₹1.51 Cr | ₹302.12 |
| JHM ENTERPRISES PRIVATE LIMITED | Insider | 19 Feb 2025 | buy | +50.0 K | ₹1.42 Cr | ₹283.09 |
| Heral Mehta | Insider | 04 Feb 2025 | buy | +7.0 K | ₹18.24 L | ₹261.93 |
| Harish Mehta | Insider | 04 Feb 2025 | buy | +3.5 K | ₹9.12 L | ₹262.81 |
| JHM ENTERPRISES PRIVATE LIMITED | Insider | 03 Feb 2025 | buy | +2.1 K | ₹5.56 L | ₹260.66 |
| Jigar Mehta | Insider | 03 Feb 2025 | buy | +23.7 K | ₹61.72 L | ₹260.42 |
Onward Technologies dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Onward Technologies has declared, sequenced by announce and record date.
Onward Technologies corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Onward Technologies Limited: business, sector, key facts.
What Onward Technologies Limited does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Onward Technologies Limited operates in the Information Technology, listed as NSE: ONWARDTEC, BSE: 517536.
Onward Technologies Limited (ONWARDTEC) is a global software outsourcing firm concentrating on providing digital and engineering research and design (R&D) services. Their expertise spans across multiple sectors, focusing particularly on the transportation and mobility, industrial equipment and heavy machinery, and healthcare and life sciences industries. This specialization allows them to offer tailored solutions to clients with specific needs within these complex and technologically advanced fields.
The core of ONWARDTEC's business lies in its provision of three key service areas: digital engineering, embedded product and systems engineering, and mechanical product engineering. Digital engineering encompasses a wide range of software development and digital transformation initiatives, likely including areas such as software design, development, testing, and deployment. Embedded product and systems engineering focuses on the design and implementation of software integrated into hardware systems, crucial for industries like transportation and industrial equipment.
Mechanical product engineering, on the other hand, concentrates on the design and development of the physical components and mechanisms within the products their clients create. This expertise is particularly valuable in the heavy machinery and industrial equipment sectors, where robust and reliable physical designs are paramount. The combination of these three service areas allows ONWARDTEC to offer a comprehensive suite of services, covering both the software and hardware aspects of product development.
ONWARDTEC's geographical reach is extensive, with operations spanning India, the United States, Europe, and other international locations. This global presence enables them to serve a diverse client base and tap into a global talent pool. Founded in 1991 and headquartered in Mumbai, India, the company has a long history of providing engineering and software services, building a strong reputation within its chosen industries and establishing itself as a significant player in the global outsourcing market.
Questions investors ask about Onward Technologies Limited (ONWARDTEC).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Onward Technologies Limited (ONWARDTEC)?
The current share price of Onward Technologies Limited (ONWARDTEC) is ₹263.95. Today, the stock has gained by ₹5.85 (2.27%), trading in a range of ₹255.95 to ₹273.9. The stock opened at ₹258.85 with a trading volume of 75,365 shares.
02Is Onward Technologies Limited stock a good investment for long-term?
Onward Technologies Limited can be considered for long-term investment based on several factors. The company has a market capitalization of ₹590.17 crores, P/E ratio of 10.73, ROE of 18.55%, and ROCE of 15.60%. The dividend yield stands at 1.93%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Onward Technologies Limited stock?
The 52-week high price of Onward Technologies Limited (ONWARDTEC) is ₹377.7, while the 52-week low is ₹208.25. Currently trading at ₹263.95, the stock is 32.9% away from its 52-week low and 30.1% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Onward Technologies Limited stock at the current price?
Whether to buy Onward Technologies Limited stock at ₹263.95 depends on multiple factors. The stock is currently trading with a P/E ratio of 10.73 and P/B ratio of 1.88. Today's performance shows a gain of 2.27%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Onward Technologies Limited and when is the next dividend?
Onward Technologies Limited offers a dividend yield of 1.93%, which means for every ₹100 invested at the current price of ₹263.95, you can expect to receive approximately ₹1.93 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Onward Technologies Limited?
Onward Technologies Limited's key financial metrics include: P/E Ratio: 10.73, P/B Ratio: 1.88, ROE: 18.55%, ROCE: 15.60%, Dividend Yield: 1.93%, EPS: ₹19.52, Book Value: ₹113.06, and Debt-to-Equity: 15.72. The company's market cap stands at ₹590.17 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Onward Technologies Limited stock performing today in the market?
Onward Technologies Limited stock opened at ₹258.85 and is currently trading at ₹263.95, showing a gain of ₹5.85 (2.27%). The intraday high is ₹273.9 and low is ₹255.95. The trading volume stands at 75,365 shares, indicating moderate market participation today.
08What is the P/E ratio of Onward Technologies Limited and what does it indicate?
Onward Technologies Limited has a Price-to-Earnings (P/E) ratio of 10.73, which means investors are willing to pay ₹10.73 for every ₹1 of earnings. With an EPS of ₹19.52, this P/E ratio suggests the stock may be undervalued or facing growth challenges. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Onward Technologies Limited (ONWARDTEC) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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