ONWARDTEC

Onward Technologies Ltd.

NSE: ONWARDTEC

BSE: 517536

Sector: Information Technology

Industry Group: IT - Services

Industry: IT Enabled Services

307.00+13.2 (+4.49%)

9 Oct, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

92.0 / 100

Value Score

81.5 / 100

Price Momentum Score

73.0 / 100

QVM Score

98.8 / 100

Key Metrics

Market Cap

673.56

P/E (TTM)

15.75

P/B

2.66

P/S (TTM)

1.20

EV/EBITDA

8.02

CAPE (5Y)

24.33

ROE (TTM)

18.55

ROCE (TTM)

20.39

ROA (TTM)

12.95

Avg 3Y ROE

16.30

Earnings 3Y CAGR

26.90

Sales 3Y CAGR

6.26

Sales 5Y CAGR

17.14

Debt/Equity

0.16

Consensus TP

Strong Buy %

Promoter Holding

39.97

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Onward Technologies Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Stock is reasonably valued and PE TTM is at a discount to industry median

PE TTM of 15.75 indicates that the stock is reasonably valued on a standalone basis. Discount to industry median P/E is decent at -22.79%

What is P/E Ratio?

Median: 20.4

Value 15.75

-75.331412.19

Strong price momentum

Price Momentum score of 73.0 indicates that the stock has strong price momentum. Research has shown that stocks with higher momentum continue to outperform in the near term

What is Price Momentum score?

73.0 / 100

High and improving ROE

The company reported strong ROE of 18.55% for 12-month ended 30 Jun 2026 and ROE improved by 600 bps from 1 year ago

What is ROE (FY)?

Strong EPS growth and above median growth of industry

The company delivered strong EPS growth of 32.26% for 12-month ended 30 Jun 2026 and the growth was 15.73 percentage points higher than median growth of industry

What is EPS growth (1Y)?

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.16 as on 30 Jun 2026 and Debt to Equity increased marginally by 0.02 in the last 1 year

What is Debt to Equity?

Company's earnings are of high quality

Earnings quality score of 87.4 indicates that the company's earnings are of high quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

87.4 / 100

Consistently pays dividend

The company has not missed dividend payments once in the last 10 financial years

What is Dividend streak?

Company is net cash

The company is net cash i.e., cash and cash equivalents exceed total debt indicating a healthy balance sheet

What is Net Debt ?

Negative

Moderate revenue growth but lower than median growth of industry

The company delivered moderate revenue growth of 10.51% for 12-month ended 30 Jun 2026 but the growth was 10.8 percentage points lower than median growth of industry

What is Sales growth (1Y)?

Median: 21.31

Value 10.51

-82.2339.11

Neutral

Low operating margin but improving trend

The company reported low operating margin of 9.97% for 12-month ended 30 Jun 2026 but operating margin improved by 269 bps from 1 year ago

What is Operating profit margin?

Moderate dividend yield

The company has a moderate dividend yield of 2.61%

What is Dividend yield?

Financial Snapshot

See detailed analysis

Multi-year trends for Onward Technologies Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Onward Technologies Ltd. Shareholding Pattern

Quarterly breakdown of Onward Technologies Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	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	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Total Promoter	62.20	62.21	61.84	61.85	61.71	57.64	57.33	45.97	45.79	45.69	45.52	45.43	45.21	45.07	44.96	38.15	38.12	38.02	37.94	37.86	38.66	39.02	39.02	39.09	39.07	39.97
Indian Promoter	62.20	62.21	61.84	61.85	61.71	57.64	57.33	45.97	45.79	45.69	45.52	45.43	45.21	45.07	44.96	38.15	38.12	38.02	37.94	37.86	38.66	39.02	39.02	39.09	39.07	39.97
Foreign Promoter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	0.03	0.03	0.03	0.03	0.03	0.63	0.73	0.76	0.28	0.24	0.23	0.32	0.55	0.92	0.93	8.29	10.16	9.22	16.35	15.56	13.15	13.01	13.20	12.29	13.36	11.12
Mutual Funds / UTI	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01	0.02	2.22	4.11	4.07	4.06	4.04	3.85	3.72	3.72	2.89	2.47	1.45
FI/Bank/Insurance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.94	3.34	3.33	3.32	2.33	0.00	0.00	0.00	0.00	0.00	0.00
Govt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.22	0.03	0.00	0.00	0.01	0.00	0.06	0.09	2.14	2.50	1.64	8.97	9.18	9.30	9.29	9.21	9.39	9.83	9.32
Other Institutions	0.00	0.00	0.00	0.00	0.00	0.61	0.69	0.52	0.23	0.22	0.21	0.29	0.53	0.85	0.82	0.99	0.20	0.18	0.00	0.00	0.00	0.00	0.27	0.00	1.06	0.34
Non-Institution	37.77	37.76	38.13	38.12	38.27	41.73	41.95	53.28	53.93	54.07	54.26	54.25	54.24	54.00	54.11	53.56	51.73	52.76	45.72	46.58	48.19	47.97	47.78	48.63	47.57	48.77
Bodies Corporate	1.19	1.25	1.40	0.74	3.49	2.31	2.60	1.48	1.17	2.38	1.27	2.67	2.54	1.66	1.39	5.12	3.75	2.93	2.90	2.80	3.23	2.48	2.48	2.16	2.20	2.93
Others (incl. Retail) No. of shareholders	36.58 8,079	36.51 8,045	36.73 8,352	37.38 10,110	34.78 10,769	39.42 13,276	39.35 11,659	51.80 11,106	52.76 11,445	51.69 11,421	52.99 11,508	51.58 10,769	51.70 10,548	52.34 11,982	52.72 14,136	48.44 15,175	47.98 16,744	49.83 19,139	42.82 21,238	43.78 22,406	44.96 22,556	45.49 23,143	45.30 22,118	46.47 22,113	45.37 20,691	45.84 22,180

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Onward Technologies Ltd. shares as reported to NSE and BSE.

Name	Month	Transaction	Holding % pre transaction	Average price	Qty.	Transaction value
JHM ENTERPRISES PRIVATE LIMITED Promoter Group	May-2025	Market Purchase (Acquisition) 27th May 2025	34.37 %	₹ 305.79	35.00 k	₹ 1.07 cr
JHM ENTERPRISES PRIVATE LIMITED Promoter Group	May-2025	Market Purchase (Acquisition) 27th May 2025	34.53 %	₹ 306.08	15.00 k	₹ 45.91 lac
JHM ENTERPRISES PRIVATE LIMITED Promoter Group	May-2025	Market Purchase (Acquisition) 22nd May 2025	34.15 %	₹ 300.32	50.00 k	₹ 1.50 cr
JHM ENTERPRISES PRIVATE LIMITED Promoter Group	March-2025	Market Purchase (Acquisition) 20th Mar 2025	33.96 %	₹ 259.34	50.00 k	₹ 1.30 cr
JHM ENTERPRISES PRIVATE LIMITED Promoter Group	February-2025	Market Purchase (Acquisition) 28th Feb 2025	33.73 %	₹ 302.12	50.00 k	₹ 1.51 cr
JHM ENTERPRISES PRIVATE LIMITED Promoter Group	February-2025	Market Purchase (Acquisition) 20th Feb 2025	33.51 %	₹ 283.09	50.00 k	₹ 1.42 cr
Harish Mehta Promoter	February-2025	Market Purchase (Acquisition) 5th Feb 2025	0.95 %	₹ 262.81	3.47 k	₹ 9.12 lac
Heral Mehta Promoter	February-2025	Market Purchase (Acquisition) 5th Feb 2025	1.07 %	₹ 261.93	6.96 k	₹ 18.24 lac
JHM ENTERPRISES PRIVATE LIMITED Promoter Group	February-2025	Market Purchase (Acquisition) 5th Feb 2025	33.50 %	₹ 260.66	2.13 k	₹ 5.56 lac
Jigar Mehta Promoter	February-2025	Market Purchase (Acquisition) 5th Feb 2025	1.66 %	₹ 260.42	23.70 k	₹ 61.72 lac

…

Corporate Actions

History of Onward Technologies Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 8/share
Record date: 3rd Jul 2026Ex-date: 3rd Jul 2026
Announced on: 5th May 2026
Others
Ex-date: 18th May 2026Announced on: 12th May 2026
On market tender offer.
Dividend₹ 5/share
Record date: 4th Jul 2025Ex-date: 4th Jul 2025
Announced on: 16th May 2025
Dividend₹ 5/share
Record date: 12th Jul 2024Ex-date: 12th Jul 2024
Announced on: 17th May 2024
Dividend₹ 3/share
Record date: 10th Jul 2023Ex-date: 10th Jul 2023
Announced on: 12th May 2023

Company Profile

Overview of Onward Technologies Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Onward Technologies Limited is an India-based software outsourcing company specializing in digital, and engineering research and development (ER&D) services. The Company is focused on three verticals: transportation and mobility, industrial equipment and heavy machinery, and healthcare and medical t...

Key personnel

Mr. Pawan Nathani

Chief Financial Officer

Mr. Aakash Joshi

Company Secretary and Compliance Officer

Ms. Dimple Chauhan

Investor Relations

Ms. Dimple Chauhan

Investor Relations

Mr. Harish Shantilal MehtaD

Executive Chairman of the Board, Whole-time Director

Mr. Jigar Harish MehtaD

Managing Director

Mrs. Prachi Harish MehtaD

Non-Executive Non Independent Director

Mr. Harsha RaghavanD

Non-Executive Non-Independent Director

View all

Incorporated on

18 Jul 1991

Last Annual

31 Mar 2026

Last Interim

30 Jun 2026

No. of Employees

2,359

IPO date

28 Nov 1994

Free Float

83,58,222

Website

https://www.onwardgroup.com/

Phone no.

+912224926570

Address

2nd Floor, Sterling Centre, Dr A.B. Road, Worli, MUMBAI, 400018, India

Frequently Asked Questions

What is the current share price of Onward Technologies Ltd.?

The current share price of Onward Technologies Ltd. is ₹ 307.00 as of 9 Oct 2026.

What is the market capitalisation of Onward Technologies Ltd.?

The market capitalisation of Onward Technologies Ltd. stands at ₹ 673.56 Cr.

What is the PE ratio of Onward Technologies Ltd.?

The Price-to-Earnings (PE) ratio of Onward Technologies Ltd. is 15.75 as of the latest trailing twelve months data.

What is the ROE and ROCE of Onward Technologies Ltd.?

Onward Technologies Ltd. has a Return on Equity (ROE) of 18.55% and a Return on Capital Employed (ROCE) of 20.39% as per the latest financial reports.

What is the 52-week high and low of Onward Technologies Ltd.?

The 52-week high of Onward Technologies Ltd. is - and the 52-week low is -.

What is the dividend yield of Onward Technologies Ltd.?

The dividend yield of Onward Technologies Ltd. is 2.61% based on the current market price.

What is the FII and DII holding in Onward Technologies Ltd.?

Foreign Institutional Investors (FII) hold 9.32%, Domestic Institutional Investors (DII) hold 1.45% and retail/public investors hold 45.84% of Onward Technologies Ltd. shares.

What sector does Onward Technologies Ltd. belong to?

Onward Technologies Ltd. operates in the Information Technology sector.

What is the beta of Onward Technologies Ltd.?

The beta of Onward Technologies Ltd. is 1.25, indicating its price volatility relative to the broader market. Over the past 1 year, Onward Technologies Ltd. has delivered an absolute return of 3.90%.

What is the RSI of Onward Technologies Ltd.?

The 14-day Relative Strength Index (RSI) of Onward Technologies Ltd. is 64.02, placing it approaching overbought territory. An RSI above 70 is considered overbought and below 30 is considered oversold.

Onward Technologies Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Onward Technologies Ltd. Shareholding Pattern

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Stock Analysis

Corporate Actions

Company Profile