What is Onward Technologies Ltd (ONWARDTEC) share price return in the past 10 years?

Onward Technologies Ltd share price has appreciated 14.3% annually (CAGR) over the past ten years.

What is the share price of Onward Technologies Ltd (ONWARDTEC)?

Company share prices are keep on changing according to the market conditions. The current trading price of Onward Technologies Ltd (ONWARDTEC) on 04-Jun-2026 16:59:59 at 16:59 is 257.15.

What is the P/E ratio of Onward Technologies?

The latest standalone P/E ratio of Onward Technologies as of 04-Jun-2026 is 18.20.

What is the P/B ratio of Onward Technologies Ltd (ONWARDTEC)?

The latest standalone P/B ratio of Onward Technologies Ltd (ONWARDTEC) as of 04-Jun-2026 is 2.73.

What is the 52-week high and low of Onward Technologies Ltd (ONWARDTEC)?

The 52-week high of Onward Technologies Ltd (ONWARDTEC) is Rs. 382.00 and the 52-week low is Rs. 207.65.

Onward Technologies Ltd (ONWARDTEC) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Onward Technologies Ltd (ONWARDTEC)
Brand: Onward Technologies

Onward Technologies Ltd (ONWARDTEC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517536 NSE: ONWARDTEC IT - Software | Small Cap | Onward Technologies Share Price

Onward Technologies Ltd (ONWARDTEC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517536 NSE: ONWARDTEC IT - Software | Small Cap | Onward Technologies Share Price

Key Metrics

Valuation Multiples

Market Cap

₹585 Cr.

Current Price

₹257.2

52-Week Low / High

₹208 / 382

TTM EPS

₹14.1

TTM Sales

₹417 Cr.

Book Value per Share

₹94.1

P/E Ratio

18.20

Lower than its 5-year historical median

Industry PE

22.2

Price to Book (P/B)

2.73

Lower than its 5-year historical median

Price to Sales (P/S)

1.40

Lower than its 5-year historical median

EV/EBITDA

7.38

Lower than its 5-year historical median

Dividend Yield

1.99%

Profitability Efficiency

Return on Equity (ROE)

12.91%

Outperforms industry median

Return on Capital Employed (ROCE)

18.33%

Outperforms industry median

Return on Assets (ROA)

8.62%

Operating Profit Margin

10%

Net Profit Margin

6.4%

Gross Profit Margin

12.2%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

10.15%

Operating Profit Growth (1 Year)

Slowing versus 3-year growth rate

-7.87%

Net Profit Growth (1 Year)

Slowing versus 3-year growth rate

-12.08%

Asset Quality

Promoter Holding

39.07%

Pledged shares (%) of Promoter's holding (%)

0.00%

Reserves

₹191 Cr.

Equity

₹22.8 Cr.

Face Value

₹10

All Time Low / High

₹9.35 / 738.95

Onward Technologies stock performance

Key Ratios

Check Before You Invest

Quality

Somewhat Good

Check detailed performance

Valuation

Fair

Check Valuation charts

Price Trend

Semi Strong

Check Price chart

Q.1 Is Onward Technologies Ltd a good quality company?

Onward Technologies Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Onward Technologies Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Onward Technologies Ltd vs industry peers?

Onward Technologies Ltd revenue CAGR is 16.11%, compared to the industry median CAGR of 2.48%, indicating faster growth and gaining its market share.

Q.1 Promoter shareholding and pledge status of Onward Technologies Ltd?

Promoters hold 39.07% of the Onward Technologies Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of Onward Technologies Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 13.7% based on the current price.

10 Year X-Ray :

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

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	13.4%	11.6%	8.1%	20.4%	14.8%	26.3%	12.6%	15.1%	22.2%	18.3%	-
Value Creation Index ⓘ	0.0	-0.2	-0.4	0.5	0.1	0.9	-0.1	0.1	0.6	0.3	-
Growth Parameters ⓘ
Sales ⓘ	89.4	93	107	118	181	173	234	315	346	381	417
Sales YoY Gr.	-	4.1%	14.6%	10.9%	52.8%	-4.4%	35.8%	34.5%	9.8%	10.2%	-
Adj EPS ⓘ	0.8	1.6	0.9	6.3	4.3	7.5	4.2	7.4	12	10.5	14.1
YoY Gr.	-	101.2%	-44.8%	604.4%	-31.6%	73.3%	-44.8%	77.1%	63.1%	-12.7%	-
BVPS (₹) ⓘ	28.4	30.3	31.2	36.6	36.3	43.5	66	70.5	80.1	87	94.1
Adj Net Profit ⓘ	1.2	2.5	1.4	10	7	12.3	9.1	16.4	27	23.8	32
Cash Flow from Ops. ⓘ	-1.4	9.9	6.6	7.4	29.7	26.7	4.1	3.9	67	34.4	-
Debt/CF from Ops. ⓘ	-13.5	1.7	2.8	2.4	0.2	0	0.2	0.1	0	0	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	17.5%	16.1%	17.6%	10.2%
Adj EPS ⓘ	32.9%	19.3%	36.1%	-12.7%
BVPSⓘ	13.2%	19.1%	9.6%	8.5%
Share Price	14.3%	6.1%	-20.8%	-12.5%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	2.8	5.4	2.8	17.7	11.4	18.2	8.2	10.6	15.5	12.2	15.6
Op. Profit Mgn % ⓘ	11.4	5	3.4	13.5	9.3	11.4	7.6	9.1	11.9	10	13.6
Net Profit Mgn % ⓘ	1.4	2.7	1.3	8.5	3.9	7.1	3.9	5.2	7.8	6.2	7.7
Debt to Equity ⓘ	0.4	0.4	0.4	0.3	0.1	0	0	0	0	0	0
Working Cap Days ⓘ	186	173	127	133	118	142	124	124	152	176	81
Cash Conv. Cycle ⓘ	-4	13	30	39	39	43	42	62	64	54	55

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	89	93	107	118	181	173	234	315	346	381
Operating Expenses > ⓘ +	79	88	103	103	166	153	217	287	305	343
Manufacturing Costs	2	2	2	2	4	2	3	5	4	4
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	57	63	76	75	132	122	176	241	258	286
Other Costs > ⓘ	20	23	25	25	30	29	37	41	43	53
Operating Profit > ⓘ	10	5	4	15	15	20	18	28	41	38
Operating Profit Margin (%)	11.1%	5.0%	3.3%	12.7%	8.0%	11.4%	7.5%	9.0%	11.9%	10.0%
Other Income > ⓘ +	1	7	7	5	7	8	6	8	10	11
Exceptional Items > ⓘ	0	0	0	0	0	0	0	0	0	0
Interest > ⓘ	2	2	2	2	3	2	1	2	1	3
Depreciation > ⓘ	3	4	5	5	10	9	9	13	13	14
Profit Before Tax > ⓘ	6	5	3	13	8	17	13	22	37	33
Tax > ⓘ	5	2	1	4	2	4	4	5	10	9
Profit After Tax	1	3	2	9	5	13	9	16	28	24
PAT Margin (%)	1.2%	3.2%	2.1%	7.9%	3.0%	7.3%	4.0%	5.2%	8.0%	6.4%
Adjusted EPS (₹)	0.7	2.0	1.4	5.9	3.4	7.8	4.2	7.3	12.3	10.8
Dividend Payout Ratio (%)	138%	51.10%	70.60%	25.40%	44.40%	38.70%	70.90%	41.10%	40.60%	46.50%

Valuation of Onward Technologies - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	42	46	49	58	58	71	145	157	180	197
Share Capital ⓘ	15	15	16	16	16	16	22	22	23	23
Reserves ⓘ	28	31	33	42	42	55	123	135	158	175
Debt +	15	12	16	16	7	1	1	0	0	0
Long Term Debt	4	4	1	0	0	1	1	0	0	0
Short Term Debt	11	8	15	16	7	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	10	8	6	5	10	8	10	11	16	19
Others Liabilities ⓘ	25	25	22	23	44	39	59	52	72	81
Total Liabilities ⓘ	92	92	93	102	119	119	215	221	268	298
Fixed Assets
Net Fixed Assets ⓘ +	10	14	13	13	26	29	38	35	44	44
Gross Block	26	18	21	26	44	50	62	61	67	69
Accumulated Depreciation	16	4	8	13	18	21	24	26	23	24
CWIP ⓘ	0	0	0	0	0	0	0	0	1	2
Investments ⓘ	28	39	39	39	12	12	32	33	33	33
Inventories	0	0	0	0	0	0	0	0	0	0
Trade Receivables	13	17	19	22	34	28	46	85	71	84
Cash Equivalents	1	2	2	2	12	13	50	34	22	19
Others Assets ⓘ	39	19	19	26	35	36	48	35	98	115
Total Assets ⓘ	92	92	93	102	119	119	215	221	268	298

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-1	10	7	7	30	27	4	4	67	34
PBT ⓘ	6	5	3	13	8	17	13	22	37	33
Adjustment ⓘ	6	5	8	7	13	10	11	14	13	12
Changes in Working Capital ⓘ	-8	-5	-1	-8	14	-4	-10	-29	18	-5
Tax Paid ⓘ	-5	4	-3	-4	-6	5	-9	-3	-1	-6
Cash Flow From Investing Activity ⓘ +	-2	-4	-5	-3	-3	-8	-34	5	-62	-15
Capex	-3	-7	-5	-5	-2	-13	-5	-7	-2	-4
Net Investments	0	-9	0	-0	-4	3	-9	11	-61	-16
Others ⓘ	1	12	-0	2	3	3	-20	1	0	5
Cash Flow From Financing Activity ⓘ +	3	-1	-8	-4	-22	-15	57	-15	-17	-22
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	68	0	0	0
Net Proceeds from Borrowing ⓘ	4	2	-4	-5	-11	-6	-0	-0	-0	0
Interest Paid ⓘ	-2	-2	-2	-2	-3	-2	-1	-0	-0	0
Dividend Paid ⓘ	0	-1	-2	-2	-2	-2	-5	-7	-7	-11
Others ⓘ	1	-0	-0	4	-5	-4	-5	-9	-10	-11
Net Cash Flow ⓘ	0	5	-6	0	5	4	28	-6	-12	-3

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	2.57	6.72	4.66	17.57	9.34	19.61	8.62	10.77	16.42	12.91
ROCE (%)	13.41	11.56	8.11	20.43	14.77	26.33	12.58	15.06	22.15	18.33
Asset Turnover Ratio	1.05	1.01	1.16	1.22	1.64	1.46	1.41	1.44	1.41	1.35
PAT to CFO Conversion(x)	-1	3.33	3.5	0.78	6	2.08	0.44	0.25	2.39	1.42
Working Capital Days
Receivable Days	50.40	57.80	61.10	62.60	56	65.80	58.20	76	82	74.20
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Onward Technologies Ltd FAQs

The current trading price of Onward Technologies on 04-Jun-2026 16:59 is ₹257.1.

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 03-Jun-2026 the market cap of Onward Technologies stood at ₹585.3 Cr

The latest P/E ratio of Onward Technologies as of 03-Jun-2026 is 18.20.

The latest P/B ratio of Onward Technologies as of 03-Jun-2026 is 2.73.

The 52-week high of Onward Technologies is ₹382.0 and the 52-week low is ₹207.7.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Onward Technologies is ₹417 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Onward Technologies Ltd is a average quality company.

The key valuation ratios of Onward Technologies Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

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.

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

Onward Technologies Ltd (ONWARDTEC)

Onward Technologies Ltd (ONWARDTEC)

Onward Technologies stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Onward Technologies - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Onward Technologies Ltd FAQs

About Onward Technologies Ltd

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Onward Technologies Ltd (ONWARDTEC)

Onward Technologies Ltd (ONWARDTEC)

Onward Technologies stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Onward Technologies - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Onward Technologies Ltd FAQs

What is the share price of Onward Technologies?

What is the market cap of Onward Technologies?

What is the P/E ratio of Onward Technologies?

What is the P/B ratio of Onward Technologies?

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

What is the TTM revenue of Onward Technologies?

Is Onward Technologies Ltd a good quality company?

Is Onward Technologies Ltd undervalued or overvalued?

Is Onward Technologies Ltd a good buy now?

About Onward Technologies Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.