Onward Technologies Ltd - Stock Valuation and Financial Performance

BSE: 517536 | NSE: ONWARDTEC | IT - Software | Small Cap

Onward Technologies Share Price

446 13.20 3.05%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Onward Technologies

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Onward Technologies stock performance -

mw4me loader
P/E Ratio (SA):
32.79
Market Cap:
997.7 Cr.
52-wk low:
273
52-wk high:
739

Is Onward Technologies Ltd an attractive stock to invest in?

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 Weak which suggest that the price of Onward Technologies Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Onward Technologies:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Onward Technologies Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 15.9%9.6%4.5%6.1%4.3%15.4%12.6%19.3%8.5%11.2%-
Value Creation
Index
0.1-0.3-0.7-0.6-0.70.1-0.10.4-0.4-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 73.886.789.493107118181173234315345
Sales YoY Gr.-17.4%3.1%4.1%14.6%10.9%52.8%-4.4%35.8%34.5%-
Adj EPS 4.82.80.81.60.96.34.37.547.313.5
YoY Gr.--41%-71.4%101.2%-44.8%604.4%-31.6%73.3%-46.8%81.8%-
BVPS (₹) 27.628.628.430.331.236.636.343.56670.579.2
Adj Net
Profit
6.84.11.22.51.410712.38.816.230
Cash Flow from Ops. 3.811.9-1.49.96.67.429.726.74.13.9-
Debt/CF from Ops. 4.81.2-13.51.72.82.40.200.20.1-

CAGR

CAGR Colour Code Guide

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%
BVPS11%17.7%24.8%6.7%
Share Price 25.3% 45.4% 58.5% 55.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
18.810.12.85.42.817.711.418.27.910.518.1
Op. Profit
Mgn %
18.914.511.453.413.59.311.47.68.612.7
Net Profit
Mgn %
9.34.81.42.71.38.53.97.13.85.28.8
Debt to
Equity
0.50.40.40.40.40.30.1000-
Working Cap
Days
17016218617312713311814212412466
Cash Conv.
Cycle
5117-51330383842416143

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.10%

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 18.20%

No data to display

Latest Financials - Onward Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 13.5 15.3
TTM Sales (₹ Cr.) 345 475
BVPS (₹.) 79.2 87.6
Reserves (₹ Cr.) 156 175
P/BV 5.60 5.06
PE 32.79 28.94
From the Market
52 Week Low / High (₹) 273.00 / 738.95
All Time Low / High (₹) 9.35 / 738.95
Market Cap (₹ Cr.) 998
Equity (₹ Cr.) 22.5
Face Value (₹) 10
Industry PE 33.7

Management X-Ray of Onward Technologies:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Onward Technologies

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales74878993107118181173234315
Operating Expenses 62787988103103166153217289
Manufacturing Costs3345524235
Material Costs0000000000
Employee Cost 425157637675132122176243
Other Costs 17241820212530293741
Operating Profit 12910541515201827
Operating Profit Margin (%) 16.5%10.5%11.1%5.0%3.3%12.7%8.0%11.4%7.5%8.5%
Other Income 1117757869
Interest 2222223212
Depreciation 353455109913
Exceptional Items 0000000000
Profit Before Tax 83653138171322
Tax 2152142445
Profit After Tax 621329513916
PAT Margin (%) 7.6%2.0%1.2%3.2%2.1%7.9%3.0%7.3%4.0%5.2%
Adjusted EPS (₹)3.91.20.72.01.45.93.47.84.27.3
Dividend Payout Ratio (%)0%0%138%51%71%25%44%39%71%41%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 3942424649585871145157
Share Capital 14151515161616162222
Reserves 2527283133424255123135
Minority Interest0000000000
Debt1511151216167110
Long Term Debt6644100110
Short Term Debt9511815167000
Trade Payables310108651081011
Others Liabilities 21162525222344395952
Total Liabilities 7879929293102119119215221

Fixed Assets

Gross Block42452618212644506261
Accumulated Depreciation313416481318212426
Net Fixed Assets11111014131326293835
CWIP 0000000000
Investments 28282839393912123233
Inventories0000000000
Trade Receivables14121317192234284685
Cash Equivalents 11122212135034
Others Assets24273919192635364835
Total Assets 7879929293102119119215221

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 412-11077302744
PBT 83653138171322
Adjustment 68658713101114
Changes in Working Capital -82-8-5-1-814-4-10-29
Tax Paid -2-1-54-3-4-65-9-3
Cash Flow From Investing Activity -5-5-2-4-5-3-3-8-345
Capex -5-6-3-7-5-5-2-13-5-7
Net Investments 000-900-43-911
Others 001120233-201
Cash Flow From Financing Activity 2-63-1-8-4-22-1557-15
Net Proceeds from Shares 00000000680
Net Proceeds from Borrowing 3-442-4-5-11000
Interest Paid -2-2-2-2-2-2-3-2-10
Dividend Paid 000-1-2-2-2-2-5-7
Others 0-11004-5-10-5-9
Net Cash Flow 0005-605428-6
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)15.614.272.576.724.6617.579.3419.618.6210.77
ROCE (%)19.378.6413.4111.568.1120.4314.7726.3312.5815.06
Asset Turnover Ratio1.011.11.051.011.161.221.641.461.411.44
PAT to CFO Conversion(x)0.676-13.333.50.7862.080.440.25
Working Capital Days
Receivable Days63545058616356665876
Inventory Days0100000000
Payable Days0-7,25500000000

Onward Technologies Ltd Stock News

Onward Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Onward Technologies on 28-Mar-2024 16:01 is ₹446.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Onward Technologies stood at ₹997.7.
The latest P/E ratio of Onward Technologies as of 28-Mar-2024 16:01 is 32.79.
The latest P/B ratio of Onward Technologies as of 28-Mar-2024 16:01 is 5.60.
The 52-week high of Onward Technologies is ₹739.0 and the 52-week low is ₹273.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Onward Technologies is ₹344.8 ( Cr.) .

About Onward Technologies Ltd

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:

  • Engineering Design Services- Onward Technologies Ltd. is one of the fastest growing engineering design service providers - it is a service partner to the manufacturing industry, with a range of engineering services. It is supporting manufacturing companies in engineering to create innovative products, reduce costs, shorten development cycles and bring products to the market faster.
  • IT Services- Software Development Services Unit strikes a perfect balance between domain knowledge (of BFSI) and software technology. They specialize in software technology based solutions and offer software services that are of international standards, lower competitive costs, and delivered on-time-every-time through their unique global delivery model.
  • Banking Products & Financial Services- Onward provides solutions for Retail Banking, Service Branches, Foreign Exchange/Trade Finance, Back Office, SWIFT Connectivity, e-banking, Tele-Banking, Mobile Banking, Government Accounts and customer centric solutions available with different delivery channels like Kiosks, Internet, ATM's, Mobiles.

Achievements/ recognition:

  • An ISO 9001-2000 certified company
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