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Onward Technologies Limited

Onward Technologies Limited

ONWARDTEC.BO
Onward Technologies LimitedIN flagBombay Stock Exchange
284.05
INR
+4.10
- -
6.31BMarket Cap
Onward Technologies Limited
ONWARDTEC.BO
(Bombay Stock Exchange)

Recent

price

284.05

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
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
223.71
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
14.44
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
1.77
7.69
10.98
10.45
12.01
12.93
18.37
21.35
26.25
28.27
31.21
39.87
35.76
47.37
53.73
68.59
- -
Book Value per Share
1.74
8.8
13.55
15.45
18.87
21.9
23.05
27.66
35.1
40.03
43.44
85.57
76.87
90.97
97.53
110.69
- -
Tangible Book Value per Share
13
13
14
14
14
15
15
15
16
16
16
19
22
22
23
23
23
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
5,069
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
7.28
Operating Margin (%)
46
45
41
35
53
38
43
55
57
113
104
101
130
130
134
158
132
Depreciation Expense
50
65
53
1
29
32
41
67
101
62
73
237
115
339
271
443
327
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
23.08
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
6.46
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
- -
- -
12.11
0.24
12.2
7.04
10
10.8
16.26
9.41
7.13
7.2
5.77
13.81
9.45
15.96
- -
Return on Invested Capital (%)
- -
- -
11.54
0.33
10.53
10.07
11.9
17.14
20.57
12.01
11.59
28.87
13.23
30.3
19.94
26.74
69.63
Return on Capital (%)
- -
102.6
42.16
0.51
18.16
17.52
17.54
22.16
27.31
14.43
15.31
37.75
14.9
36.56
23.78
32.08
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
100
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
222
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
23
- -
Market Capitalization
7,111
5,694
7,870

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
2,187
- -
Cash, Cash Equivalents & STI
- -
934
- -
Accounts Receivable, Net
- -
791
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
565
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
100
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,196
1,202
1,141
1,184
4,724
2025
1,176
1,230
1,234
1,273
4,913
2026
1,332
1,346
1,371
- -
5,439

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.87
4.27
3.02
- -
15.13
2025
3.14
1.57
2.66
4.59
11.97
2026
5.61
4.5
4.26
- -
19.64

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.98
2025
- -
- -
- -
- -
4.95
2026
- -
- -
- -
- -
5.03
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Business
Onward Technologies Limited (ONWARDTEC.BO) is an India-based software outsourcing company specializing in digital and engineering research and development (ER&D) services for original equipment manufacturers in transportation and mobility, industrial equipment and heavy machinery, and healthcare and med-tech sectors; its core offerings encompass digital engineering services including data science, data analytics, automation, cloud, AI/machine learning, big data analytics, DevOps, and virtual/augmented reality; embedded systems and electronics engineering services such as platform hardware, software, and connectivity solutions; mechanical engineering services featuring new product design, development, value engineering, and testing/validation; as well as digital manufacturing and Industry 4.0 solutions to enhance efficiency and accelerate time-to-market. Founded in 1991 and headquartered in Mumbai, Maharashtra, the company operates globally across 13 offices in six countries including India, the United States, the United Kingdom, Germany, and the Netherlands, with offshore development centers in Pune, Chennai, Bengaluru, Hyderabad, and Navi Mumbai; it employs approximately 2,581 people and maintains subsidiaries including one in India and four foreign entities. In recent developments, Onward Technologies expanded its European footprint in 2025 by opening new offices in Birmingham, UK, and Munich, Germany, to support automotive and industrial clients with offshore digital engineering amid rising demand for Industry 4.0, electrification, and AI/ML-driven R&D; it launched a major offshore design center in Chennai targeting up to 2,000 employees for complex projects in industrial equipment, heavy machinery, and mobility; and transitioned to a vertical-focused organization in fiscal year 2025 to improve resource allocation, delivery efficiency, and client alignment in its core sectors.