Onward Technologies Ltd Stock Analysis

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

BSE Share Price 25-Nov-2022 18:01
314.55 -9.80 (-3.02%)

DeciZen - Make an Informed Decision on Onward Technologies

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Onward Technologies Price Chart

P/E Ratio (SA) :
64.02
Market Cap :
698.1 Cr.
52-wk low :
223
52-wk high :
428.2
Bole Toh?

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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 12.1%15.9%9.6%4.5%6.1%4.3%15.4%12.6%19.3%8.5%-
Value Creation Index -0.10.1-0.3-0.7-0.6-0.70.1-0.10.4-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 67.273.886.789.493107118181173234272
YoY Gr. Rt. %-9.9%17.4%3.1%4.1%14.6%10.9%52.8%-4.4%35.8%-
Adj EPS 2.94.82.80.81.60.96.34.37.544.9
YoY Gr. Rt. %-65%-41%-71.4%101.2%-44.8%604.4%-31.6%73.3%-46.8%-
BVPS (₹) 23.527.628.628.430.331.236.636.343.56666.3
Adj Net Profit 46.84.11.22.51.410712.38.811
Cash Flow from Ops. 73.811.9-1.49.96.67.429.726.74.1-
Debt/CF from Ops. 2.24.81.2-13.51.72.82.40.200.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.9%20.3%25.6%35.8%
Adj EPS 3.6%19.7%-14.2%-46.8%
BVPS 12.216.921.752
Share Price 21.7% 18.7% 65.2% 20.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 13.318.810.12.85.42.817.711.418.27.97.4
Op. Profit Mgn % 14.318.914.511.453.413.59.311.47.67.2
Net Profit Mgn % 69.34.81.42.71.38.53.97.13.84
Debt to Equity 0.50.50.40.40.40.40.30.1000
Working Cap Days 158170162186173127133118142124123
Cash Conv. Cycle 645117-513303838424174

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 25.64%

Sales growth is good in last 4 quarters at 36.02%

Return on Equity has declined versus last 3 years average to 7.40%

Net Profit has been subdued in last 3 years -14.23%

Latest Financials - Onward Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 4.9 4.5
TTM Sales (₹ Cr.) 272 369
BVPS (₹.) 66.3 73
Reserves (₹ Cr.) 125 140
P/BV 4.74 4.30
PE 64.02 69.78
From the Market
52 Week Low / High (₹) 223.00 / 428.15
All Time Low / High (₹) 9.35 / 428.15
Market Cap (₹ Cr.) 698
Equity (₹ Cr.) 22.2
Face Value (₹) 10
Industry PE 30.3

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 (%)

News

Onward Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Onward Technologies on 25-Nov-2022 18:01 is : 314.6.
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 25-Nov-2022 18:01 the market cap of Onward Technologies stood at ₹ 698.1.
The latest PE ratio of Onward Technologies as of 25-Nov-2022 18:01 is 64.02.
The latest PB ratio of Onward Technologies as of 25-Nov-2022 18:01 is 4.74
The 52-week high of Onward Technologies is ₹ 428.1 and the 52-week low is ₹ 223.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Onward Technologies is ₹ 272.0 ( 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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