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    Information technology services
Onward Technologies Limited

Onward Technologies Limited

436.45
INR
-23.30
(-5.07%)
19.26EPS
14.77P/E
6.28BMarket Cap
Jan 15Next Earn
Onward Technologies Limited
NSE:ONWARDTEC
(National Stock Exchange of India)

Recent

price

436.45

P/E

ratio

14.77

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
77.7
97.17
107.15
118.81
131.28
134.26
148.26
158.48
165.04
167.42
148.06
163.75
198.75
210.66
217.2
241
246.63
Revenue per Share
3.76
4.85
3.91
0.05
2.01
2.16
2.72
4.35
6.45
3.9
4.52
12.62
5.17
15.13
11.97
19.64
19.38
Basic EPS, GAAP
1.64
-0.08
-0.67
-0.87
6.24
4.98
2.82
7.41
3.54
16.51
12.06
-14.01
-0.66
26.9
12.31
20.37
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
0.99
1.2
1
1.5
1.5
2.8
2.97
2.98
4.95
5.03
- -
Dividend per Share
7.31
13.32
16.84
18.48
21.79
25.06
27.92
32.04
38.61
42.43
45.59
74.12
77.95
91.98
98.87
112.95
- -
Book Value per Share
1.74
8.74
13.35
15.24
18.67
21.62
22.88
27.45
34.91
39.88
43.17
72.92
76.46
90.58
97.24
111.3
- -
Tangible Book Value per Share
13
13
14
14
14
15
15
15
16
16
16
19
22
22
23
23
22
Basic Weighted Avg Shares
1,032
1,305
1,460
1,670
1,893
1,979
2,236
2,445
2,595
2,676
2,404
3,073
4,409
4,724
4,913
5,439
5,543
Sales/Revenue/Turnover
5.72
5.65
6.58
3.13
5.94
5.38
4.61
3.43
7.05
4.93
4.01
4.45
3.84
8.32
6.37
10.44
9.76
Operating Margin (%)
46
45
41
35
53
38
43
55
57
113
104
101
130
130
134
158
162
Depreciation Expense
50
65
53
1
29
32
41
67
101
62
73
237
115
339
271
443
436
Net Income, GAAP
- -
- -
31.71
97.31
36.73
60.85
37.84
10.56
33.33
35.32
25.22
25.59
36.33
24.89
25.41
22.3
22.22
Effective Tax Rate (%)
4.84
4.99
3.65
0.05
1.53
1.61
1.83
2.75
3.91
2.33
3.05
7.71
2.6
7.18
5.51
8.15
7.86
Profit Margin (%)
54
119
148
67
96
122
184
212
290
287
380
999
1,107
1,452
1,622
1,912
- -
Working Capital
176
169
176
125
107
25
52
23
6
109
61
114
77
194
222
293
- -
LT Debt
102
180
233
263
318
374
424
498
610
681
745
1,632
1,739
2,071
2,243
2,535
- -
Total Equity
- -
- -
12.45
0.24
10.83
6.6
6.67
9.95
15.47
9.03
7.24
14.68
5.72
13.89
9.46
14.88
- -
Return on Invested Capital (%)
- -
- -
9.84
0.27
8.17
7.28
8.84
13.27
15.59
9.19
8.91
17.36
6.73
16.4
11.68
16.94
- -
Return on Capital (%)
71.33
46.93
25.82
0.3
10
9.21
10.27
14.57
18.29
9.66
10.3
19.93
6.81
17.8
12.55
18.55
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
105
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
293
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
22
22
22
Market Capitalization
6,416
4,717
6,278

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
2,630
- -
Cash, Cash Equivalents & STI
- -
1,278
- -
Accounts Receivable, Net
- -
857
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
718
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
105
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
24.04%
33.22%
13.02%
Free Cash Flow
-414.04%
-912.86%
65.03%
Net Income, GAAP
53.28%
82.04%
63.69%
Sales/Revenue/Turnover
11.46%
18.63%
10.69%
Total Cash Common Dividend
- -
42.33%
1.31%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,176
1,230
1,234
1,273
4,913
2026
1,332
- -
1,346
1,371
5,439
2027
1,494
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
3.14
1.57
2.66
4.59
11.97
2026
5.61
- -
4.5
4.26
19.64
2027
5
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
4.95
2026
- -
- -
- -
- -
5.03
2027
- -
- -
- -
- -
- -
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Business
Onward Technologies Limited is an Indian technology services and engineering research and development (ER&D) company specializing in digital engineering, embedded product and systems engineering, and mechanical product engineering services. It serves key industries including transportation and mobility, industrial equipment and heavy machinery, and healthcare and life sciences. The company's main offerings include agile software product engineering; embedded systems design and development; mechanical engineering and product development; digital manufacturing with Industry 4.0 technologies; and automated testing and validation services. Onward Technologies operates through a global delivery model with offices and offshore delivery centers in India (Pune, Chennai, Bengaluru, Hyderabad), North America, Europe, and new offices recently opened in Birmingham, UK, and Munich, Germany to strengthen local client engagement. Founded in 1991 and headquartered in Mumbai, India, Onward Technologies supports global original equipment manufacturers (OEMs) with a scalable outsourced model across six countries and a workforce of over 2,500 employees. In recent major developments, Onward Technologies has expanded its geographic footprint with strategic office relocations to Birmingham and Munich to enhance proximity to its Transportation & Mobility clients. It continues to focus on growth in digital and ER&D services, achieving a revenue milestone with strong profitability driven by cost optimization. The company has moved up the value chain by becoming a registered supplier to 8 out of 11 global OEMs, securing new customer wins in industrial equipment and heavy machinery verticals. It has also strengthened its capabilities by expanding its digital Centers of Excellence in Hyderabad and increasing operational capacities in Chennai and Bengaluru. Additionally, Onward Technologies has completed acquisitions such as NV Pune Technology Park Private Limited, supporting expansion and service delivery enhancement. The company remains focused on advancing industry trends such as alternative powertrains, autonomous mobility, AI/ML-driven research, and smart automation, enabling clients to accelerate innovation and improve R&D returns globally.