Is Onward Technologies a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Onward Technologies Ltd is a average quality company .

Is Onward Technologies 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 Somewhat overvalued zone .

What is Onward Technologies share price return in the past 10 years?

Onward Technologies Ltd share price has appreciated 19.2% annually (CAGR) over the past ten years.

Is Onward Technologies 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.

Onward Technologies Ltd - Stock Valuation and Financial Performance

Name: Onward Technologies
Brand: Onward Technologies

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

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Onward Technologies Share Price

₹315.75 -4.95 -1.54%
as on 20-Dec'24 16:59

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

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	8.6%	13.4%	11.6%	8.1%	20.4%	14.8%	26.3%	12.6%	15.1%	22.2%	-
Value Creation Index ⓘ	-0.4	0.0	-0.2	-0.4	0.5	0.1	0.9	-0.1	0.1	0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	86.7	89.4	93	107	118	181	173	234	315	346	360
Sales YoY Gr.	-	3.1%	4.1%	14.6%	10.9%	52.8%	-4.4%	35.8%	34.5%	9.8%	-
Adj EPS ⓘ	2.8	0.8	1.6	0.9	6.3	4.3	7.5	4.2	7.4	12	11.7
YoY Gr.	-	-71.4%	101.2%	-44.8%	604.4%	-31.6%	73.3%	-44.8%	77.1%	63.1%	-
BVPS (₹) ⓘ	28.6	28.4	30.3	31.2	36.6	36.3	43.5	66	70.5	80.1	84.5
Adj Net Profit ⓘ	4.1	1.2	2.5	1.4	10	7	12.3	9.1	16.4	27	26
Cash Flow from Ops. ⓘ	11.9	-1.4	9.9	6.6	7.4	29.7	26.7	4.1	3.9	67	-
Debt/CF from Ops. ⓘ	1.2	-13.5	1.7	2.8	2.4	0.2	0	0.2	0.1	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	16.6%	24%	26.1%	9.8%
Adj EPS ⓘ	17.4%	13.6%	16.8%	63.1%
BVPSⓘ	12.2%	17%	22.6%	13.7%
Share Price	19.2%	37.2%	5.2%	-50.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	10.1	2.8	5.4	2.8	17.7	11.4	18.2	8.2	10.6	15.5	14.2
Op. Profit Mgn % ⓘ	14.5	11.4	5	3.4	13.5	9.3	11.4	7.6	9.1	11.9	10.5
Net Profit Mgn % ⓘ	4.8	1.4	2.7	1.3	8.5	3.9	7.1	3.9	5.2	7.8	7.4
Debt to Equity ⓘ	0.4	0.4	0.4	0.4	0.3	0.1	0	0	0	0	0
Working Cap Days ⓘ	162	186	173	127	133	118	142	124	124	152	83
Cash Conv. Cycle ⓘ	16	-4	13	30	39	39	43	42	62	64	56

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.20%

Sales growth is growing at healthy rate in last 3 years 26.07%

Net Profit is growing at healthy rate in last 3 years 16.82%

Sales growth is not so good in last 4 quarters at 5.52%

Latest Financials - Onward Technologies Ltd.

	Standalone	Consolidated
TTM EPS (₹)	11.7	10.6
TTM Sales (₹ Cr.)	360	473
BVPS (₹.) ⓘ	84.5	92
Reserves (₹ Cr.) ⓘ	171	186
P/BV ⓘ	3.74	3.43
PE ⓘ	27.08	29.71

From the Market
52 Week Low / High (₹)	303.15 / 708.25
All Time Low / High (₹)	9.35 / 738.95
Market Cap (₹ Cr.)	716
Equity (₹ Cr.)	22.7
Face Value (₹)	10
Industry PE ⓘ	36

Management X-Ray of Onward Technologies:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Onward Technologies

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Onward Technologies

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	87	89	93	107	118	181	173	234	315	346
Operating Expenses ⓘ	78	79	88	103	103	166	153	217	287	305
Manufacturing Costs	2	2	2	2	2	4	2	3	5	4
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	51	57	63	76	75	132	122	176	241	258
Other Costs ⓘ	25	20	23	25	25	30	29	37	41	43
Operating Profit ⓘ	9	10	5	4	15	15	20	18	28	41
Operating Profit Margin (%)	10.5%	11.1%	5.0%	3.3%	12.7%	8.0%	11.4%	7.5%	9.0%	11.9%
Other Income ⓘ	1	1	7	7	5	7	8	6	8	10
Interest ⓘ	2	2	2	2	2	3	2	1	2	1
Depreciation ⓘ	5	3	4	5	5	10	9	9	13	13
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	3	6	5	3	13	8	17	13	22	37
Tax ⓘ	1	5	2	1	4	2	4	4	5	10
Profit After Tax	2	1	3	2	9	5	13	9	16	28
PAT Margin (%)	2.0%	1.2%	3.2%	2.1%	7.9%	3.0%	7.3%	4.0%	5.2%	8.0%
Adjusted EPS (₹)	1.2	0.7	2.0	1.4	5.9	3.4	7.8	4.2	7.3	12.3
Dividend Payout Ratio (%)	0%	138%	51%	71%	25%	44%	39%	71%	41%	41%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	42	42	46	49	58	58	71	145	157	180
Share Capital ⓘ	15	15	15	16	16	16	16	22	22	23
Reserves ⓘ	27	28	31	33	42	42	55	123	135	158
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	11	15	12	16	16	7	1	1	0	0
Long Term Debt	6	4	4	1	0	0	1	1	0	0
Short Term Debt	5	11	8	15	16	7	0	0	0	0
Trade Payables	10	10	8	6	5	10	8	10	11	16
Others Liabilities ⓘ	16	25	25	22	23	44	39	59	52	72
Total Liabilities ⓘ	79	92	92	93	102	119	119	215	221	268
Fixed Assets
Gross Block	45	26	18	21	26	44	50	62	61	67
Accumulated Depreciation	34	16	4	8	13	18	21	24	26	23
Net Fixed Assetsⓘ	11	10	14	13	13	26	29	38	35	44
CWIP ⓘ	0	0	0	0	0	0	0	0	0	1
Investmentsⓘ	28	28	39	39	39	12	12	32	33	33
Inventories	0	0	0	0	0	0	0	0	0	0
Trade Receivables	12	13	17	19	22	34	28	46	85	71
Cash Equivalents	1	1	2	2	2	12	13	50	34	22
Others Assetsⓘ	27	39	19	19	26	35	36	48	35	98
Total Assets ⓘ	79	92	92	93	102	119	119	215	221	268

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	12	-1	10	7	7	30	27	4	4	67
PBT ⓘ	3	6	5	3	13	8	17	13	22	37
Adjustment ⓘ	8	6	5	8	7	13	10	11	14	13
Changes in Working Capital ⓘ	2	-8	-5	-1	-8	14	-4	-10	-29	18
Tax Paid ⓘ	-1	-5	4	-3	-4	-6	5	-9	-3	-1
Cash Flow From Investing Activity ⓘ	-5	-2	-4	-5	-3	-3	-8	-34	5	-62
Capex	-6	-3	-7	-5	-5	-2	-13	-5	-7	-2
Net Investments	0	0	-9	0	0	-4	3	-9	11	-61
Others ⓘ	0	1	12	0	2	3	3	-20	1	0
Cash Flow From Financing Activityⓘ	-6	3	-1	-8	-4	-22	-15	57	-15	-17
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	68	0	0
Net Proceeds from Borrowing ⓘ	-4	4	2	-4	-5	-11	-6	0	0	0
Interest Paid ⓘ	-2	-2	-2	-2	-2	-3	-2	-1	0	0
Dividend Paid ⓘ	0	0	-1	-2	-2	-2	-2	-5	-7	-7
Others ⓘ	-1	1	0	0	4	-5	-4	-5	-9	-10
Net Cash Flow ⓘ	0	0	5	-6	0	5	4	28	-6	-12

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	4.27	2.57	6.72	4.66	17.57	9.34	19.61	8.62	10.77	16.42
ROCE (%)	8.64	13.41	11.56	8.11	20.43	14.77	26.33	12.58	15.06	22.15
Asset Turnover Ratio	1.1	1.05	1.01	1.16	1.22	1.64	1.46	1.41	1.44	1.41
PAT to CFO Conversion(x)	6	-1	3.33	3.5	0.78	6	2.08	0.44	0.25	2.39
Working Capital Days
Receivable Days	54	50	58	61	63	56	66	58	76	82
Inventory Days	1	0	0	0	0	0	0	0	0	0
Payable Days	-7,255	0	0	0	0	0	0	0	0	0

Onward Technologies Ltd Stock News

Onward Technologies Ltd FAQs

What is the share price of Onward Technologies?

Company share prices are keep on changing according to the market conditions. The closing price of Onward Technologies on 20-Dec-2024 16:59 is ₹315.8.

What is the market cap of Onward Technologies?

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 20-Dec-2024 16:59 the market cap of Onward Technologies stood at ₹715.9.

What is the P/E ratio of Onward Technologies?

The latest P/E ratio of Onward Technologies as of 20-Dec-2024 16:59 is 27.08.

What is the P/B ratio of Onward Technologies?

The latest P/B ratio of Onward Technologies as of 20-Dec-2024 16:59 is 3.74.

What is the 52-week high and low of Onward Technologies?

The 52-week high of Onward Technologies is ₹708.2 and the 52-week low is ₹303.1.

What is the TTM revenue of Onward Technologies?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Onward Technologies is ₹359.7 ( 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: