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Onward Technologies

ONWARDTEC NSE
₹364.95 No trade today
P/E
17.21
View as Markdown
MCP
Close 4 Nov 2026 ₹364.95 +69.65 +23.6% 1Y
Start ₹295.30

Key Fundamentals

MicrocapIT - ServicesInformation Technology

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
22.90%
Debt to Equity
0.18
EPS (TTM)
₹21.20
Book Value
₹110.91
Market Cap
—
P/E (TTM)
17.21
P/B
3.29
ROE
19.50%
Dividend Yield
2.29%
EBITDA
₹78.90 Cr
52W High
₹495.65
52W Low
₹208.25
Volume
0

Peer Comparison

Information Technology › IT Enabled Services

Onward Technologies peer comparison
L&T Technology Services
₹4,133.5033.20₹45,364 Cr6.190.47%21.50%26.70%₹11,565 Cr₹1,322 Cr
Inventurus Knowledge Solutions
₹1,750.4039.33₹29,871 Cr10.730.00%31.40%31.50%₹3,347 Cr₹764 Cr
Tata Technologies
₹652.4547.55₹26,704 Cr6.911.81%16.30%20.90%₹5,926 Cr₹558 Cr
Netweb Technologies
₹4,062.3088.56₹24,520 Cr11.480.07%32.80%37.50%₹2,702 Cr₹260 Cr
Affle 3i
₹1,623.9047.83₹22,921 Cr5.070.00%13.80%16.80%₹2,836 Cr₹478 Cr
Sagility
₹43.5920.56₹20,233 Cr1.990.35%10.60%13.40%₹7,617 Cr₹994 Cr
ESDS Software Solution
₹1,193.6091.82₹14,545 Cr10.890.00%24.90%30.20%₹537 Cr₹134 Cr
Onward Technologies (this company)
₹364.9517.21₹779 Cr3.292.29%19.50%22.90%₹591 Cr₹48 Cr
Median 8 companies₹1,408.7543.44₹23,720 Cr6.550.21%20.50%24.80%₹3,092 Cr₹518 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

55 Good

Data confidence 100/100

surveillance:ESM1

Category scores

Quality
58
Good
Returns, margins, earnings quality 22% weight
Valuation
75
Strong
Cheap vs sector & own history 24% weight
Growth
37
Poor
Sales & profit trajectory 9% weight
Financial Health
51
Average
Solvency, leverage, coverage 9% weight
Momentum
90
Strong
Trend strength, vol-adjusted 12% weight
Ownership
45
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company has delivered good profit growth of 45.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 38.5%
  • Company's working capital requirements have reduced from 81.3 days to 53.9 days

Weaknesses

1
  • Promoter holding has decreased over last 3 years: -4.76%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish6310
OscillatorsBullish234
Moving AveragesStrong Bullish406

Key readings

RSI (14)
50.57
Neutral
MACD (12,26,9)
16.75
Bearish
SMA (50)
323.42
Bullish
SMA (200)
285.30
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
10Y+10.64%
5Y+17.78%
3Y+7.25%
1Y+10.79%
TTM+13.22%

Net profit

Net profit growth by window
10Y+30.81%
5Y+44.43%
3Y+58.74%
1Y+62.96%
TTM+17.07%

Operating cash flow

Operating cash flow growth by window
10Y+20.58%
5Y+14.52%
3Y+121.27%
1Y+103.13%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+6.17 pp
5Y+6.16 pp
3Y+7.12 pp
1Y+4.08 pp
TTM+1.66 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹224 Cr
Mar 2018₹244 Cr
Mar 2019₹261 Cr
Mar 2020₹272 Cr
Mar 2021₹240 Cr
Mar 2022₹307 Cr
Mar 2023₹441 Cr
Mar 2024₹472 Cr
Mar 2025₹491 Cr
Mar 2026₹544 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹4.00 Cr
Mar 2018₹7.00 Cr
Mar 2019₹10.00 Cr
Mar 2020₹6.00 Cr
Mar 2021₹7.00 Cr
Mar 2022₹24.00 Cr
Mar 2023₹11.00 Cr
Mar 2024₹34.00 Cr
Mar 2025₹27.00 Cr
Mar 2026₹44.00 Cr

Analyst Forecasts

Forecast For
FY27 consensus · ROE
30.2%
Reported High Mean Low

Analyst consensus here uses a different definition from reported roe (they differ 1.9× on periods where both exist), so the forecast is shown on its own rather than joined to the reported line.

Quarterly Results

₹ Cr
ONWARDTEC quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
120
114
118
118
123
123
127
133
139
135
137
149
170
Expenses
105
103
109
106
115
112
113
116
119
115
122
131
144
Operating Profit
15
11
10
12
8
11
14
17
20
20
15
18
27
OPM %
13%
9%
8%
10%
6%
9%
11%
13%
14%
15%
11%
12%
16%
Other Income
1
3
3
2
2
1
3
2
1
−2
2
2
1
Interest
0
0
0
1
1
1
1
0
1
1
1
1
1
Depreciation
3
3
3
3
3
3
3
3
4
4
4
5
5
PBT
13
10
9
10
6
8
13
16
16
13
12
15
22
Tax %
25%
31%
26%
27%
37%
29%
17%
20%
25%
23%
21%
24%
24%
Net Profit
10
7
7
7
4
6
10
13
12
10
10
11
17
EPS (₹)
4.27
3.02
2.97
3.14
1.56
2.66
4.59
5.6
5.25
4.44
4.2
5.02
7.54

Profit & Loss

₹ Cr
ONWARDTEC profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
189
198
224
244
261
272
240
307
441
472
491
544
591
Expenses
177
184
212
233
239
248
223
286
414
420
447
472
512
Operating Profit
13
14
11
11
22
23
17
22
27
52
45
72
80
OPM %
7%
7%
5%
4.6%
9%
9%
7%
7%
6%
11%
9%
13%
13%
Other Income
1
2
3
5
1
1
5
21
5
7
7
4
3
Interest
3
4
3
3
3
3
2
1
2
1
2
3
3
Depreciation
5
4
4
5
6
11
10
10
13
13
13
16
18
PBT
5
8
7
8
15
10
10
32
18
45
36
57
62
Tax %
37%
61%
38%
11%
33%
35%
25%
26%
36%
25%
25%
22%
—
Net Profit
3
3
4
7
10
6
7
24
11
34
27
44
48
EPS (₹)
2
2.14
2.7
4.32
6.41
3.89
4.49
10.75
5.15
15.06
11.94
19.48
21.2
Div. Payout %
0%
47%
37%
23%
23%
39%
67%
28%
58%
33%
42%
41%
—

Balance Sheet

₹ Cr
ONWARDTEC balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
15
15
15
16
16
16
16
22
22
23
23
22
22
Reserves
17
21
27
34
45
52
58
141
152
185
202
231
225
Borrowings
29
23
25
23
18
35
25
19
17
28
32
40
44
Other Liabilities
27
31
22
28
27
33
38
45
50
50
54
74
87
Total Liabilities
88
91
90
100
106
135
138
227
240
285
311
367
377
Fixed Assets
12
11
18
16
15
28
30
57
54
63
65
89
94
CWIP
0
0
0
0
0
0
0
0
0
1
2
0
0
Investments
0
0
0
0
0
0
0
0
0
0
0
0
0
Other Assets
76
80
72
85
91
107
108
170
187
222
244
279
283
Total Assets
88
91
90
100
106
135
138
227
240
285
311
367
377

Cash Flow

₹ Cr
ONWARDTEC cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
15
10
14
16
11
29
33
−4
6
62
32
65
Investing
−4
−1
−11
−5
−5
−5
−10
−32
6
−62
−17
−21
Financing
−11
−9
0
−10
−9
−10
−12
57
−14
−16
−21
−31
Net Cash Flow
0
0
3
2
−3
13
11
21
−2
−16
−7
13
Free Cash Flow
15
10
9
12
6
27
20
−26
−1
61
28
46
CFO/EBITDA
132
111
86
186
86
148
168
30
35
123
84
114

Ratios

ONWARDTEC financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
75
71
79
68
68
67
62
79
91
78
81
81
Cash Conversion Cycle
75
71
79
68
68
67
62
79
91
78
81
81
Working Capital Days
14
26
24
20
33
9
13
47
52
88
102
54
ROCE %
14%
19%
15%
15%
24%
14%
12%
23%
10%
22%
16%
23%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Onward Technologies insights

66 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 47.26%
  • Promoters 40.20%
  • FIIs 9.28%
  • DIIs 1.74%

No promoter shares pledged as of Sep 2026

Change since Jun 2026

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Onward Technologies

What does Onward Technologies Ltd do?
Incorporated in 1991, Onward Technologies is a software outsourcing company specializing in Digital and ER&D services.
Where is Onward Technologies Ltd (ONWARDTEC) listed?
Onward Technologies Ltd trades as ONWARDTEC on the NSE and under code 517536 on the BSE.
Which sector does Onward Technologies Ltd belong to?
Onward Technologies Ltd is classified under the Information Technology sector, in the IT Enabled Services industry.
What is the PE ratio of Onward Technologies Ltd?
Onward Technologies Ltd trades at a PE ratio of 17.21 as of 4 Nov 2026, on earnings per share of ₹21.2, against a book value of ₹110.91 per share.
What is the 52-week high and low of Onward Technologies Ltd?
Over the last 52 weeks Onward Technologies Ltd has traded between ₹208.25 and ₹495.65 as of 4 Nov 2026.
Does Onward Technologies Ltd pay dividends?
Onward Technologies Ltd has a dividend yield of 2.29%.
What is the Return on Equity (ROE) of Onward Technologies Ltd?
Onward Technologies Ltd reported a return on equity of 19.50%. Its debt-to-equity ratio is 0.18.

Company Information

Incorporated in 1991, Onward Technologies is a software outsourcing company specializing in Digital and ER&D services.

Website onwardgroup.com
CEO Mr. Harish Shantital Mehta
Employees 2,581
Listed 7 Mar 2001
Face Value ₹10

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