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Onward Technologies Limited (ONWARDTEC.NS)

INR283.60 -1.05 (-0.37%)
IN NSE Technology Information Technology Services
Address Sterling Centre 400018
Mumbai, IN
CEO Harish Shantital Mehta
Website onwardgroup.com
IPO 2002-07-01
ISIN INE229A01017

Explore sections of this company profile

Also trades on Bombay Stock Exchange · ONWARDTEC.BO (INR) National Stock Exchange of India · ONWARDTEC.NS (INR)
Description

Operating both domestically in India and on a global scale, Onward Technologies Limited specializes in delivering mechanical engineering design and information technology consulting expertise. Their extensive portfolio includes a wide array of products and services such as digital transformation initiatives, embedded system development, advanced engineering technologies, data analytics, artificial intelligence, and machine learning applications. Furthermore, the company provides specialized support in digital engineering, embedded electronics, core mechanical engineering, and comprehensive enterprise IT solutions. They cater to a diverse range of industries, including automotive, manufacturing, e-commerce, semiconductor, information and communication technology (ICT), and medical technology sectors. Established in 1991 and headquartered in Mumbai, India, Onward Technologies Limited operates as a subsidiary of Onward Network Technologies Private Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR283.60 -1.05 (-0.37%)
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Volume Profile
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Liquidity & share structure
Average Volume
289.6K
Beta
0.71
Float Shares
1.76M
Free Float %
7.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.71% +5.98% +7.54% -6.89% -4.91% -5.50% +6.53% -32.49% +116.04% +258.67% +382.61%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
283.60
DCF (Unlevered) 326.47 +15.1%
DCF (Levered) 924.17 +225.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Quality scores
Altman Z-Score
5.79
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
A+
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
4 / 5
High
Operational MOAT
✓ MOAT relativo
  • ✓
    Revenue growth Information Technology Services: +10.1%
    +10.7% ★ Q1'26: +7.7% (vs Q1'25)
  • ✓
    EPS growth Information Technology Services: +16.7%
    +65.3% ★ Q1'26: -7.2% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Information Technology Services: +32.8%
    +9.4% ★ Q1'26: +16.6% (vs Q1'25)
  • ✗
    EBIT margin Information Technology Services: +9.0%
    +10.3% ★ Q1'26: +8.0% (vs Q1'25)
  • ✓
    ROIC Information Technology Services: +9.5%
    +23.9% ★ Q1'26: +18.9% (vs Q1'25)
  • ✓
    Share dilution Information Technology Services: +0.0%
    -1.0% ★ Q1'26: -1.1% (vs Q1'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Information Technology Services: -0.83×
    0.55× ★ Q1'26: 0.65× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.78) × ERP
WACC = 94% × Ke + 6% × Kd (7.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 326.47 Current price: 283.60
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2018
actual 		Mar 2019
actual 		Mar 2020
actual 		Mar 2021
actual 		Mar 2022
actual 		Mar 2023
actual 		Mar 2024
actual
Revenue
2.44B
est: 2.53B (-3.3%)
2.59B
est: 2.81B (-7.5%)
2.68B
est: 5.73B (-53.3%)
2.40B
est: 7.34B (-67.2%)
3.07B
est: 9.32B (-67.0%)
4.41B
est: 11.65B (-62.1%)
4.72B
est: 14.44B (-67.3%)
EBITDA
160.24M
est: 265.29M (-39.6%)
233.26M
est: 294.47M (-20.8%)
244.36M
est: 601.49M (-59.4%)
225.81M
est: 769.90M (-70.7%)
429.40M
est: 977.78M (-56.1%)
326.77M
est: 1.22B (-73.3%)
594.73M
est: 1.52B (-60.8%)
EBIT
103.91M
est: 184.14M (-43.6%)
176.66M
est: 204.40M (-13.6%)
129.04M
est: 417.50M (-69.1%)
121.37M
est: 534.39M (-77.3%)
328.35M
est: 678.68M (-51.6%)
196.96M
est: 848.36M (-76.8%)
464.98M
est: 1.05B (-55.8%)
Net Income
67.16M
est: 163.71M (-59.0%)
101.34M
est: 191.22M (-47.0%)
62.38M
est: 447.78M (-86.1%)
73.38M
est: 752.73M (-90.3%)
236.84M
est: 1.11B (-78.6%)
114.80M
est: 1.47B (-92.2%)
339.18M
est: 2.07B (-83.6%)
SGA
167.11M
est: 104.28M (+60.2%)
169.92M
est: 115.76M (+46.8%)
151.77M
est: 236.44M (-35.8%)
172.67M
est: 302.64M (-42.9%)
258.83M
est: 384.36M (-32.7%)
117.33M
est: 480.45M (-75.6%)
22.13M
est: 595.76M (-96.3%)
EPS
4.07
est: 7.14 (-43.0%)
6.45
est: 8.34 (-22.7%)
3.90
est: 19.53 (-80.0%)
4.52
est: 32.83 (-86.2%)
12.62
est: 48.24 (-73.8%)
5.17
est: 64.23 (-92.0%)
15.13
est: 90.14 (-83.2%)
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-13 A+ 4/5 4/5 4/5 5/5 3/5 4/5 4/5
2026-05-12 A+ 4/5 4/5 4/5 5/5 3/5 4/5 4/5
2026-05-11 A+ 4/5 4/5 4/5 5/5 3/5 4/5 4/5
2026-05-08 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-05-07 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-05-06 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-05-05 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-05-04 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-30 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-29 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-28 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-27 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-24 C 2/5 3/5 1/5 1/5 1/5 4/5 1/5
2026-04-23 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-22 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-21 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-20 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-17 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-16 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
38.34M
OE per share TTM
1.68
Owner's Yield
0.63%
Maintenance CapEx ratio
16.01%
Maint CapEx / Avg PPE
13.1%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
221.6K
Shares Outstanding
22.75M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Jigar Harish Mehta MD & Executive Director 38M male
Harish Shantital Mehta Founder & Executive Chairman 37M male
Pawan Nathani Chief Financial Officer 5M male
Aakash Joshi Company Secretary & Compliance Officer 149.0K male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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