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Prices as of 9 Oct 2026 close · Not investment advice

Onward Technologies Limited

NSE: ONWARDTECIT Enabled Services

Share price

₹307.00

+4.21% close of 9 Oct 2026

Market cap ₹675 CrP/E 15.0

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

76

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹675 Cr

P/E ratio

15.0

P/B ratio

2.8

ROCE

22.9%

ROE

19.7%

Dividend yield

2.7%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹348.0052-week low ₹210.15

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 10.5% over the past year, and 12.1% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 8.2% to 13.1% over the last four years.

Whether it grew faster than its sector

It grew 12.1% a year against a sector median of 14.5% — 2.4 percentage points slower.

Room to re-rate, or risk of de-rating

At 14.4× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 39.0×, across 5 companies. It is against its own five-year median of 29.5×, the 13th percentile of its own range.

Whether growth justifies the valuation

Priced at 0.2 times its growth rate, on earnings growth of 61%.

Profit growthPrice per ₹1 profitPer 1% growth
Onward Technologies Limited — this one61%/yr14.4×₹0.24
L&T Technology Services Limited6%/yr24.8×₹4.1
Inventurus Knowledge Solutions Limited30%/yr39.0×₹1.3
Tata Technologies Limited-1%/yr43.1×—
Netweb Technologies India Limited64%/yr99.7×₹1.6
SAGILITY LIMITED86%/yr19.7×₹0.23

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (IT Enabled Services), it ranks 15 of 58 on returns, 32 of 54 on growth, 24 of 58 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 22.9% on capital, ahead of 74% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹161 crore of cash from the business, spent ₹53 crore on plant and equipment, and returned ₹25 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 161 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back more slowly than it used to: it went from being waiting 47 days for its cash to waiting 54 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

9 of 9 checks clear · 100%

Latest result

What the last results showed. Whether management kept its word is in Pro.

Results are expected soon.

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹675 Cr
Prev close
₹307.00
52w High
₹355
52w Low
₹208
Enterprise value
₹604 Cr
Beta
1.5
Price CAGR 1y
-6.0%
Price CAGR 3y
-18.0%
Price CAGR 5y
6.0%
Price CAGR 10y
15.0%

Ratios

Return on assets
12.0%
PEG ratio
0.2
P/E ratio
15.0
P/B ratio
2.8
EV / EBITDA
8.3
Industry P/E
26.9
ROCE
22.9%
ROCE 5y average
18.8%
ROE
19.7%
Debt / Equity
0.2
Interest coverage
20.0
Dividend yield
2.7%
ROE 3y average
17.0%
ROE last year
20.0%

Annual P&L

Annual revenue
₹544 Cr
Annual profit
₹44 Cr
Operating margin
13.0%
Net profit margin
8.1%
EBITDA margin
13.2%
Sales growth 3y
7.2%
Sales growth 5y
17.8%
Profit growth 3y
61.0%
Profit growth 5y
45.0%
EPS
₹19.5
Sales growth TTM
11.0%
Profit growth TTM
38.0%
Dividend payout
41.0%

Quarter P&L

Sales latest quarter
₹149 Cr
Profit latest quarter
₹11 Cr
YoY quarterly sales growth
12.2%
YoY quarterly profit growth
-15.4%
OPM latest quarter
12.3%

Balance Sheet

Book Value
₹115
Face Value
₹10.0
Total debt
₹40 Cr
Total cash
₹111 Cr
Borrowings
₹40 Cr
Reserves / Equity
10.5

Cash Flow

Operating cash flow
₹65 Cr
Free cash flow
₹46 Cr
FCF yield
6.4%
Net cash flow
₹13 Cr

Shareholding

Promoter holding
40.0%
FII holding
9.3%
DII holding
1.8%
Public holding
47.5%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
L&T Technology3,266.0025.834,6481.77357.117.42,940.111.526.7
Inventurus Knowl1,770.0539.830,3850.00193.727.9893.620.731.5
Tata Technolog.707.6544.128,7341.19180.86.21,664.633.820.9
Netweb Technol.4,739.00108.028,1720.0685.3179.9819.7172.137.5
Sagility43.3519.720,2940.35216.853.01,963.527.613.4
Affle 3i1,426.8042.120,1060.00128.421.7747.220.416.8
ESDS Software1,422.40135.116,6720.0029.314.0133.77.330.2
Onward Technolog297.3514.76622.6811.2-12.3149.412.222.9
Median226.3526.98650.008.820.8110.920.716.4

Competes with: Affle 3i Limited, Amagi Media Labs Limited, Black Box Limited, Cyient Limited, ESDS Software Solution Limited, Inventurus Knowledge Solutions Limited, L&T Technology Services Limited, Netweb Technologies India Limited, SAGILITY LIMITED, Tata Technologies Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales120120114118118123123127133139135137149
Expenses103105103109106115112113116119115122131
Material Cost000000
Change in Inventories000000
Purchases of Stock-in-Trade000000
Employee Cost98989898102109
Other Expenses151821172022
Operating Profit1715111012811141720201518
OPM %14139.358.159.956.479.09111314151112
Other Income0133221321-222
Exceptional items (within Other Income)000-3.1600
Interest0000111101111
Depreciation3333333334445
Profit before tax14131091068131616131215
Tax %19253126273729172025232124
Net Profit111077746101312101011
EPS in Rs4.864.273.022.973.141.562.664.595.605.254.444.205.02
Diluted EPS in Rs4.565.575.234.474.234.98

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales189198224244261272240307441472491544560
Expenses177184212233239248223286414420447472487
Material Cost00
Change in Inventories00
Purchases of Stock-in-Trade00
Employee Cost380396
Other Expenses6776
Operating Profit13141111222317222752457273
OPM %7754.60997761191313
Other Income12351152157743
Exceptional items (within Other Income)0-3.16
Interest343333212122.893
Depreciation544561110101313131617
Profit before tax5878151010321845365756
Tax %376138113335252636252522
Net Profit33471067241134274443
EPS in Rs22.142.704.326.413.894.49115.1515121919
Diluted EPS in Rs1220
Dividend Payout %04737232339672858334241

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
11%
5 years
18%
3 years
7%
TTM
11%

Compounded profit growth

10 years
31%
5 years
45%
3 years
61%
TTM
38%

Stock price CAGR

10 years
15%
5 years
6%
3 years
-18%
1 year
-6%

Return on equity

10 years
15%
5 years
15%
3 years
17%
Last year
20%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital151515161616162222232322
Reserves17212734455258141152185202231
Borrowings292325231835251917283240
Other Liabilities273122282733384550505474
Minority Interest0
Total Liabilities889190100106135138227240285311367
Fixed Assets121118161528305754636589
CWIP000000000120
Investments000000000000
Other Assets7680728591107108170187222244279
Total Assets889190100106135138227240285314371

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity15101416112933-46623265
Cash from Investing Activity-4-1-11-5-5-5-10-326-62-17-21
Cash from Financing Activity-11-9-0-10-9-10-1257-14-16-21-31
Net Cash Flow0032-3131121-2-16-713
Free Cash Flow151091262720-26-1612846

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days757179686867627991788181
Cash Conversion Cycle757179686867627991788181
Working Capital Days142624203391347528810254
ROCE %141915152414122310221623

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters453838383838393939393940
FIIs0.092.142.501.648.979.189.309.299.219.399.839.32
DIIs0.846.157.657.587.386.383.863.7342.903.541.80
Public545452534647484847474648
Others00000000.070.881.361.361.39
No. of Shareholders14,27815,36516,93119,32721,42222,58222,72123,31022,26722,25420,82922,336

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +1.4% (₹302.80 → ₹307.00)Brick size ₹10.50 (fixed)Bricks 34
₹250₹307Nov '25Jan '26Mar '26May '26Jul '26
Price moved up one brickPrice moved down one brickLast close ₹307.00 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-71.00inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

17,66,738inr

2026-03-31

News

News and filings about Onward Technologies Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Sells to

  • Healthcare and Life Sciences / MedTech enterprises · digital and data engineering, embedded engineering for medical devices
  • Industrial Equipment and Heavy Machinery enterprises · mechanical engineering, electronics and embedded engineering, digital factory solutions

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Information Technology
Industry
IT Enabled Services
Classification
Information Technology › IT Enabled Services
ISIN
INE229A01017

News impact

Big market events that reach Onward Technologies Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

3 Jul 2026unspecified₹8
4 Jul 2025unspecified₹5
12 Jul 2024unspecified₹5
10 Jul 2023unspecified₹3
8 Jul 2022unspecified₹3
7 Jul 2021unspecified₹3
8 Jul 2020unspecified₹1.5
17 Jul 2019unspecified₹1.5

Splits, bonuses & buybacks

  • daily-prices repair: 8 rows from NSE's archive (replace 1, delete 0, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Bulk & block deals

DateWhoBought / soldSharesPrice
16 Jul 2026SILVERLEAF CAPITAL SERVICES PRIVATE LIMITEDBUY2,29,747₹300.19
16 Jul 2026SILVERLEAF CAPITAL SERVICES PRIVATE LIMITEDSELL2,29,747₹300.04
16 Jul 2026NK SECURITIES RESEARCH PRIVATE LIMITEDSELL2,04,370₹298.01
16 Jul 2026NK SECURITIES RESEARCH PRIVATE LIMITEDBUY2,04,370₹297.86
16 Jul 2026MICROCURVES TRADING PRIVATE LIMITEDBUY1,86,482₹299.63
16 Jul 2026MICROCURVES TRADING PRIVATE LIMITEDSELL1,86,482₹299.84
16 Jul 2026JUNOMONETA FINSOL PRIVATE LIMITEDBUY1,24,634₹297.70
16 Jul 2026JUNOMONETA FINSOL PRIVATE LIMITEDSELL1,24,526₹297.90
25 Jun 2026NK SECURITIES RESEARCH PRIVATE LIMITEDBUY5,96,022₹296.69
25 Jun 2026NK SECURITIES RESEARCH PRIVATE LIMITEDSELL5,96,022₹296.91

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.