O

Onward Technologies Limited

ONWARDTECNSE
Market snapshot · 2026-08-11 12:37 UTC

286.05

+₹1.30 (+0.46%)

MARKET CAP

₹627.40 Cr

STOCK P/E

15.1x

52W HIGH

₹357.00

52W LOW

₹208.25

BOOK VALUE

₹111.41

EPS

₹18.94

ROE

SECTOR

Information Technology

DEBT/EQUITY

15.72

VOLUME

24,291

P/B RATIO

2.57x

PEG RATIO

Sector

Information Technology

Themes

Outsourced services
D
Dividend
₹338.47₹308.61₹278.75₹248.89₹219.03VolumeDAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Onward Technologies is an outsourced software and technology services company serving OEMs across industrial equipment, transportation, mobility, and healthcare. Digital services, embedded product engineering, and engineering research and development drive revenue across international markets. With no major recent event, growth reflects ongoing demand for software development, digital integration, data engineering, and cloud platforms. Revenue increased 10.7% year-on-year, while improving margins supported 63.7% profit growth. ROE is unavailable, while debt-to-equity of 15.72 indicates severe leverage that can amplify reported returns and financial risk. Margin improvement suggests better operating conversion, but earnings quality remains sensitive to borrowing costs and balance-sheet strain. At 15.0 times earnings, valuation appears fair relative to the sector, rather than discounted despite faster profit growth. The key open question is whether margin gains can persist without further leverage or dependence on cyclical OEM technology spending.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for ONWARDTEC.

Coverage check

Price Forecast

Current
₹286.05
High Target
Median Target
Low Target
Now₹286.05Aug '25Now12M Target
Price history (1Y)
Analyst target range

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹207.84 - ₹358.2080%
6M₹177.12 - ₹382.4480%
12M₹137.40 - ₹408.1180%
Realized vol: +42.5% · Drift: -9.9%

Revenue Forecast

₹ Cr
Jun '26Current₹112.0
Sep 2026 ETrend estimate range
High₹124.0Base₹114.9Low₹105.7
Sep '25: ₹108.0 · Dec '25: ₹102.0 · Mar '26: ₹103.0 · Jun '26: ₹112.0 · Sep '26: ₹114.9 · Dec '26: ₹108.5
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E108.0102.0103.0112.0114.9108.5
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹4.15
Sep 2026 ETrend estimate range
High₹5.62Base₹5.01Low₹4.41
Sep '25: ₹4.53 · Dec '25: ₹2.66 · Mar '26: ₹2.85 · Jun '26: ₹4.15 · Sep '26: ₹5.01 · Dec '26: ₹2.94
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E4.532.662.854.155.012.94
PastCurrentTrend estimate: Low / Base / High
Analyst price target unavailable from FMP/yfinance. Analyst pillar unavailable from FMP/yfinance.
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Supportive
76%
Analyst Consensus
Unavailable

Analyst coverage unavailable

Mean upsideNot available

Fundamentals

Moderate

Fundamentals institutional score is 54 using growth durability 54.4.

Valuation

Attractive relative to peers

Valuation institutional score is 82 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Unavailable

No usable analyst target or recommendation data was available.

Technical Structure

Strong Trend

Technicals institutional score is 99 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Unavailable

This data source has not been supplied for the decision payload.

Signal Summary

Market intelligence remains Supportive. valuation and technical structure provide support, while fundamentals remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals ModerateValuation Attractive relative to peersTechnical Structure Strong Trend

Key Data Points

Mean Target PriceUnavailable
Mean UpsideNot available
Technical Score99%
Fundamental Score54%
Data CoverageMedium

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 10.2% below historical median. Valuation is stable — currently in the strongly undervalued zone (z-score: -0.7). Confidence: 70%.

Forward Valuation Outlook

Forward outlook is unavailable because live next-12-month estimate data is not available for this ticker right now.

P/E
Strongly Undervalued

5Y Average

17.53

Current

15.01

Overvalued

22.40

Undervalued

14.88

P/S
Strongly Undervalued

5Y Average

1.30

Current

1.11

Overvalued

1.49

Undervalued

1.10

EV/EBITDA
Strongly Undervalued

5Y Average

10.75

Current

9.20

Overvalued

12.37

Undervalued

8.60

Peers & Comparison

Sector: Information Technology · Theme: Outsourced services

Outsourced services Peers8 peers
Avg P/E: 31.4x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
AARVI ENCON LIMITED
AARVIOutsourced services
+19.2%2.7%
13.2x
Undervalued
-58% vs avg
+53.3%
RELIABLE DATA SERVICE LTD
RELIABLEOutsourced services
+3.8%3.7%
22.0x
Undervalued
-30% vs avg
+65.2%
VAKRANGEE LIMITED
VAKRANGEEOutsourced services
-18.8%4.4%
74.8x
Premium
+138% vs avg
-30.9%
WE WIN LIMITED
WEWINOutsourced services
+51.7%4.8%
15.6x
Undervalued
-50% vs avg
-8.7%
HINDUJA GLOBAL SOLS. LTD.
HGSOutsourced services
+13.7%-1.0%
-22.0%
ONE POINT ONE SOL LTD
ONEPOINTOutsourced services
+43.5%12.2%
41.7x
Premium
+33% vs avg
+26.9%
FIRSTSOURCE SOLU. LTD.
FSLOutsourced services
+22.9%6.7%
29.2x
Fair
-7% vs avg
-23.8%
ECLERX SERVICES LTD
ECLERXOutsourced services
+23.3%16.8%
23.3x
Undervalued
-26% vs avg
-14.2%
WHY THESE PEERS

Comparable-scale peer data is limited — showing nearest stored business/industry peers instead of an empty comparison.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹112 CrJun 2026

Latest net profit

₹9.24 CrJun 2026

Latest EPS

₹4.15Jun 2026

Net margin

13.6%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%5.0%10.0%15.0%20.0%0.00 Cr30 Cr60 Cr90 Cr120 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr30 Cr60 Cr90 Cr120 Cr₹0₹2₹4₹6₹8
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr30 Cr60 Cr90 Cr120 Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-105 Cr0.00 Cr105 Cr210 Cr315 Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +84.4987.0985.1989.1889.5595.7396.5099.30103.32108.25101.86103.35112.08
Expenses +73.2875.3775.3480.6677.9786.7386.3591.9889.6090.7287.6092.0596.79
Operating Profit11.2111.729.858.5211.589.0010.157.3213.7217.5314.2611.3015.29
OPM %13.27%13.46%11.56%9.55%12.93%9.40%10.52%7.37%13.28%16.19%14.00%10.93%13.64%
Other Income +1.222.513.253.312.672.772.443.302.701.82-0.972.362.69
Interest0.340.310.280.510.650.700.700.650.621.090.810.810.76
Depreciation3.193.203.253.253.413.393.363.423.294.454.284.524.78
Profit before tax8.9010.729.578.0710.197.688.536.5512.5113.818.208.3312.44
Tax %25.39%25.47%26.02%25.28%25.42%25.52%26.73%26.72%25.42%25.49%26.10%22.33%25.80%
Net Profit +6.637.997.086.027.615.726.254.809.3310.306.066.489.24
EPS in Rs2.963.563.152.673.372.532.762.124.104.532.662.854.15
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +39.02%39.02%39.09%39.07%39.97%
FIIs +9.29%9.21%9.39%9.83%9.32%
DIIs +3.73%4.00%2.90%3.54%1.80%
Public +47.88%46.90%47.25%46.20%47.53%
Others0.08%0.87%1.37%1.36%1.38%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Jul 22, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Jul 17, 2026PDFCompany Reports Open

Audio Recording Of The Conference Call Held On July 16, 2026

Jul 16, 2026PDFCompany Reports Open

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

Jul 16, 2026PDFCompany Reports Open