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BSE: 517536 | NSE: ONWARDTEC | IT - Software | Small Cap
1. Is Onward Technologies Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Onward Technologies Ltd is a average quality company.
2. Is Onward Technologies Ltd undervalued or overvalued?
The key valuation ratios of Onward Technologies Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
3. Is Onward Technologies Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Onward Technologies Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |||
| ROCE % ⓘ | 15.9% | 9.6% | 4.5% | 6.1% | 4.3% | 15.4% | 12.6% | 19.3% | 8.5% | 11.2% | - | ||
| Value Creation Index ⓘ | 0.1 | -0.3 | -0.7 | -0.6 | -0.7 | 0.1 | -0.1 | 0.4 | -0.4 | -0.2 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
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| Sales ⓘ | 73.8 | 86.7 | 89.4 | 93 | 107 | 118 | 181 | 173 | 234 | 315 | 331 | ||
| YoY Gr. Rt. % | - | 17.4% | 3.1% | 4.1% | 14.6% | 10.9% | 52.8% | -4.4% | 35.8% | 34.5% | - | ||
| Adj EPS ⓘ | 4.8 | 2.8 | 0.8 | 1.6 | 0.9 | 6.3 | 4.3 | 7.5 | 4 | 7.3 | 9 | ||
| YoY Gr. Rt. % | - | -41% | -71.4% | 101.2% | -44.8% | 604.4% | -31.6% | 73.3% | -46.8% | 81.8% | - | ||
| BVPS (₹) ⓘ | 27.6 | 28.6 | 28.4 | 30.3 | 31.2 | 36.6 | 36.3 | 43.5 | 66 | 70.5 | 73.1 | ||
| Adj Net Profit ⓘ | 6.8 | 4.1 | 1.2 | 2.5 | 1.4 | 10 | 7 | 12.3 | 8.8 | 16.2 | 20 | ||
| Cash Flow from Ops. ⓘ | 3.8 | 11.9 | -1.4 | 9.9 | 6.6 | 7.4 | 29.7 | 26.7 | 4.1 | 3.9 | - | ||
| Debt/CF from Ops. ⓘ | 4.8 | 1.2 | -13.5 | 1.7 | 2.8 | 2.4 | 0.2 | 0 | 0.2 | 0.1 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 17.5% | 24.2% | 20.4% | 34.5% | ||||||||
| Adj EPS ⓘ | 4.7% | 51.9% | 18.8% | 81.8% | ||||||||
| BVPSⓘ | 11% | 17.7% | 24.8% | 6.7% | ||||||||
| Share Price | 28.3% | 52.6% | 106% | 117.9% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | ||
| Return on Equity % ⓘ | 18.8 | 10.1 | 2.8 | 5.4 | 2.8 | 17.7 | 11.4 | 18.2 | 7.9 | 10.5 | 12.5 | |
| Op. Profit Mgn % ⓘ | 18.9 | 14.5 | 11.4 | 5 | 3.4 | 13.5 | 9.3 | 11.4 | 7.6 | 8.6 | 10.1 | |
| Net Profit Mgn % ⓘ | 9.3 | 4.8 | 1.4 | 2.7 | 1.3 | 8.5 | 3.9 | 7.1 | 3.8 | 5.2 | 6.1 | |
| Debt to Equity ⓘ | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.1 | 0 | 0 | 0 | - | |
| Working Cap Days ⓘ | 170 | 162 | 186 | 173 | 127 | 133 | 118 | 142 | 124 | 124 | 0 | |
| Cash Conv. Cycle ⓘ | 51 | 17 | -5 | 13 | 30 | 38 | 38 | 42 | 41 | 61 | 0 | |
Return on Equity has increased versus last 3 years average to 12.50%
Sales growth is growing at healthy rate in last 3 years 20.40%
Net Profit is growing at healthy rate in last 3 years 18.76%
Sales growth is good in last 4 quarters at 31.57%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 9 | 9.4 |
| TTM Sales (₹ Cr.) | 331 | 467 |
| BVPS (₹.) ⓘ | 73.1 | 80.6 |
| Reserves (₹ Cr.) ⓘ | 142 | 158 |
| P/BV ⓘ | 7.58 | 6.84 |
| PE ⓘ | 61.95 | 58.45 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 248.05 / 662.70 |
| All Time Low / High (₹) | 9.35 / 662.70 |
| Market Cap (₹ Cr.) | 1,244 |
| Equity (₹ Cr.) | 22.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 30.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Onward Technologies Ltd was incorporated as a Private Limited Company on July 18,1991 in the state of Maharashtra.
Onward Technologies Ltd. (OTL) is an ISO 9001-2000 certified company serving customers in the areas of Engineering Design Services, IT Services and IT driven Banking Products & Financial Services.
The company is headquartered in India with offices globally in USA, UK, Germany and Japan. Development centres are located at Mumbai and Pune, in India - the outsourcing capital of the world. Through these development centres, the company is well positioned to offer customers the established benefits of off-shore outsourcing.
Onward employs over 800 people with over 4000 man-years of experience, in mechanical engineering design analysis, testing & simulation, Bespoke Software Application Development, Support & Maintenance and Software Product Development.
Onward's global clients include fortune 1000 companies in the IT Consultancy, Automotive, Agricultural, Heavy Engineering, Electrical Equipments and Aerospace Industry.
In India, Onward is one of the fastest growing Independent Engineering Design Services Company. Onward is one of the largest ISVs for banking software solutions with more than 3000 client-site installations. Onward plans to leverage it's deep domain and technology expertise in the engineering, IT & BFS sector in the International Market.
The company's stocks are publicly traded at the Bombay Stock Exchange, the premier stock exchange in India.
Services offered by the company:
Achievements/ recognition:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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