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Onward Technologies Limited

Onward Technologies Limited

NSE: ONWARDTEC
Information Technology ServicesTechnologySMALL CAPMCap ₹936.5 Cr
₹427.40₹71.20 (+19.99%)

Live • NSE

Market cap₹936.5 Cr
Enterprise value₹722.4 Cr
P/E TTM22.60
P/B3.84
EPS TTM₹18.91
ROCE22.90%
D/E0.16
Dividend yield0.02%
Face value₹10.00
52W high₹427.40
52W low₹208.25
Price chart(1Y)
1Y Return:+70.82% (+₹177.20)
H: ₹427.4L: ₹245
1W+28.56%
1M+46.50%
3M+56.36%
6M+72.72%
1Y+38.59%
Today at a glance

Day range

₹342.35₹427.40

52 week range

₹208.25₹427.40
Volume2.39M11.38x 20D avg
Free float50.00%+1037.60% volume

Onward Technologies Limited closed at INR427.40 (+19.99%) on volume 11.38x its 20-day average, trading 0% below its 52-week high.

Technical analysis
RSI (14)87.9Overbought
MACDBULLISHBullish (Above signal)
ATR (14)₹19.39High
SMA 20₹308.58BULLISH
SMA 50₹294.65BULLISH
SMA 100₹285.10BULLISH
SMA 200₹278.28BULLISH
CPR bottom₹361.57
Pivot₹359.78
CPR top₹357.99
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +10% QoQ

2026-07-03

DIVIDEND Announced

Dividend - Rs 8 Per Share

2026-05-18

BUYBACK Announced

Buy Back

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹39.8 Cr₹936.5 Cr4.25%≤ 33%PASS
Non-halal income ratio₹6.3 Cr₹543.9 Cr1.15%≤ 5%PASS
Illiquid assets ratio₹333.7 Cr₹370.6 Cr90.05%≥ 20%PASS
Receivables ratio–₹370.6 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E22.6023.00
Forward P/E——
P/B3.843.90
EV/EBITDA—18.00
PEG—2.20
Earnings yield4.404.30
Growth & profitability
RevenuePAT
FY24PAT margin 7.20%
FY25PAT margin 5.50%
FY26PAT margin 8.10%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+3.50%
Revenue CAGR 5Y+2.90%
PAT CAGR 3Y+18.00%
PAT CAGR 5Y+5.50%
Operating margin9.19%
Net margin7.63%
Financial health & cash flow
Net debt₹3.0 CrModerate
Interest coverage19.60xEBIT / interest
CFO / PAT1.40x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹65.1 Cr
Capital expenditure–
Free cash flow₹46.0 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall78/100
Valuation60/100
Profitability80/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Strong Capital Efficiency: ROCE stands at 22.9%

Low Debt Profile: Debt-to-Equity is comfortable at 0.16x

High Cash Flow Conversion: CFO/PAT averaged 1.4x over last 3 years

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Information Technology Services.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

70%47%23%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
13.37%Institutional holding
46.20%Public holding
5Periods available
0.00%Promoter pledged
20.83KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
03 Jul 2026Dividend₹8.00 / share—03 Jul 2026
18 May 2026Buy BackBuy Back—18 May 2026
04 Jul 2025Dividend₹5.00 / share—04 Jul 2025
—Dividend₹5.00 / share—12 Jul 2024
—Dividend₹3.00 / share—10 Jul 2023
—Dividend₹3.00 / share—08 Jul 2022
—Dividend₹3.00 / share—07 Jul 2021
—Dividend₹1.50 / share—08 Jul 2020
—Dividend₹1.50 / share—17 Jul 2019
—Dividend₹1.00 / share—12 Jul 2018
—Dividend₹1.00 / share—13 Jul 2017
—Dividend₹1.00 / share—11 Jul 2016
—Annual General MeetingAnnual General Meeting—24 Jul 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)55.25%-24.06% latest vs average
Highest delivery74.81%on 01 Oct
Average volume (20D)210.5KTrading-session average
Conviction trendWeakening-24.06% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Tata Consultancy Services Limited
Tata Consultancy Services LimitedTCS
Open analysis
₹8.92L17.282.04%₹72,275.00₹13,420.00+13.93%+4.69%
Infosys Limited
Infosys LimitedINFY
Open analysis
₹4.70L15.824.50%₹48,211.00₹7,775.00+14.03%+12.29%
HCL Technologies Limited
HCL Technologies LimitedHCLTECH
Open analysis
₹3.73L20.423.53%₹34,579.00₹4,626.00+13.94%+20.34%
Wipro Limited
Wipro LimitedWIPRO
Open analysis
₹1.82L14.494.60%₹24,236.30₹3,501.80+7.70%-1.90%
Tech Mahindra Limited
Tech Mahindra LimitedTECHM
Open analysis
₹1.59L28.773.09%₹15,712.00₹1,486.00+17.68%+31.62%
LTM Limited
LTM LimitedLTM
Open analysis
₹1.30L24.901.77%₹11,608.00₹1,469.00+17.96%+17.05%
LG ELECTRONICS INDIA LTD
LG ELECTRONICS INDIA LTDLGEINDIA
Open analysis
₹1.17L63.960.00%₹7,233.35₹652.86——
One97 Communications Limited
One97 Communications LimitedPAYTM
Open analysis
₹1.08L169.180.00%₹2,264.00₹184.00+18.41%+134.07%
About Onward Technologies Limited
Onward Technologies Limited

Incorporated in 1991, Onward Technologies is a software outsourcing company specializing in Digital and ER&D services.[1]

IndiaTechnology

Questions investors ask
Is Onward Technologies Limited Shariah compliant?

Onward Technologies Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (4.25%) complies with AAOIFI threshold (≤ 33%).

What is Onward Technologies Limited's current valuation relative to peers?

Onward Technologies Limited trades at a P/E of 22.6x compared to the sector median of 23x, and a Price-to-Book of 3.8x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.16x. Interest coverage is 19.6x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 2.9% while net profit growth averaged 5.5%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.