Onward Technologies Limited (IN:ONWARDTEC)
:ONWARDTEC
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Onward Technologies Limited
(ONWARDTEC)
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Rating:62Neutral
Price Target:
₹253.00
▼(-17.66% Downside)
Action:DowngradedDate:11/25/25
Onward Technologies Limited's overall stock score is primarily influenced by its strong financial performance, which is offset by bearish technical indicators. The valuation is reasonable, but the lack of earnings call data and corporate events limits additional insights. The stock's current technical weakness suggests caution for potential investors.
Positive Factors
Sustained Revenue Growth
Onward has delivered steady top-line expansion from 2020–2025, indicating strengthening demand for its engineering and IT services. Durable revenue growth supports scale economics, provides recurring business visibility, and creates capacity to reinvest in products and client relationships over the medium term.
Negative Factors
Declining Net Profit Margin
A recent decline and historical volatility in net profit margin suggest pressures on pricing, higher costs, or mix shifts. If sustained, margin compression will reduce retained earnings and free cash flow, limiting the company’s capacity to invest while eroding medium-term profitability resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Onward has delivered steady top-line expansion from 2020–2025, indicating strengthening demand for its engineering and IT services. Durable revenue growth supports scale economics, provides recurring business visibility, and creates capacity to reinvest in products and client relationships over the medium term.
Read all positive factors
Onward Technologies Limited (ONWARDTEC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.43B
Dividend Yield1.84%
Average Volume (3M)2.12K
Price to Earnings (P/E)15.9
Beta (1Y)1.87
Revenue Growth10.49%
EPS Growth69.49%
CountryIN
Employees2,529
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)4.50
Shares Outstanding22,750,370
10 Day Avg. Volume1,578
30 Day Avg. Volume2,118
Financial Highlights & Ratios
PEG Ratio-1.05
Price to Book (P/B)2.64
Price to Sales (P/S)1.20
P/FCF Ratio20.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Onward Technologies Limited Business Overview & Revenue Model
Company Description
Onward Technologies Limited provides mechanical engineering design and IT consulting services in India and internationally. The company offers digital transformation, embedded systems, engineering technology, data analytics, artificial intelligenc...
How the Company Makes Money
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Onward Technologies Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
78
Positive
Cash Flow
75
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.23B | 4.91B | 4.72B | 4.41B | 3.07B | 2.40B |
| Gross Profit | 580.96M | 608.58M | 1.12B | 420.41M | 500.18M | 330.29M |
| EBITDA | 666.99M | 446.96M | 594.73M | 326.77M | 429.40M | 225.81M |
| Net Income | 411.18M | 270.78M | 339.18M | 114.80M | 236.84M | 73.38M |
Balance Sheet | ||||||
| Total Assets | 3.41B | 3.14B | 2.87B | 2.42B | 2.29B | 1.38B |
| Cash, Cash Equivalents and Short-Term Investments | 666.72M | 933.62M | 853.73M | 482.01M | 495.15M | 285.90M |
| Total Debt | 393.70M | 321.60M | 282.72M | 167.26M | 186.98M | 250.99M |
| Total Liabilities | 1.09B | 894.54M | 798.09M | 683.84M | 662.31M | 632.00M |
| Stockholders Equity | 2.32B | 2.24B | 2.07B | 1.74B | 1.63B | 744.81M |
Cash Flow | ||||||
| Free Cash Flow | 228.03M | 291.46M | 603.32M | -14.55M | -262.84M | 196.00M |
| Operating Cash Flow | 350.25M | 315.23M | 623.49M | 57.46M | -39.29M | 329.62M |
| Investing Cash Flow | 51.48M | -171.77M | -623.38M | 60.09M | -315.96M | -98.70M |
| Financing Cash Flow | -239.35M | -212.19M | -161.66M | -142.14M | 565.71M | -122.63M |
Onward Technologies Limited Technical Analysis
Negative
307.25
Price Trends
283.06
Negative
284.42
Negative
303.45
Negative
Market Momentum
-14.40
Negative
41.59
Neutral
31.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ONWARDTEC, the sentiment is Negative. The current price of 307.25 is above the 20-day moving average (MA) of 247.21, above the 50-day MA of 283.06, and above the 200-day MA of 303.45, indicating a bearish trend. The MACD of -14.40 indicates Negative momentum. The RSI at 41.59 is Neutral, neither overbought nor oversold. The STOCH value of 31.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ONWARDTEC.
Onward Technologies Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹13.40B | 25.81 | ― | 0.13% | 14.57% | 80.44% | |
63 Neutral | ₹5.33B | 32.30 | ― | 0.50% | 0.23% | 10.64% | |
63 Neutral | ₹3.11B | 24.54 | ― | ― | 21.99% | -14.27% | |
62 Neutral | ₹5.43B | 15.89 | ― | 1.84% | 10.49% | 69.49% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | ₹3.03B | 4.73 | ― | ― | -1.07% | 187.83% | |
46 Neutral | ₹4.27B | 56.55 | ― | ― | -9.53% | 96.99% |
* Technology Sector Average
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Onward Technologies Limited Corporate Events
Onward Technologies Posts Higher Q3 FY26 Revenue and Profit on Strong India and Overseas Demand
Jan 19, 2026
Onward Technologies Limited reported its unaudited consolidated financial results for the quarter and nine months ended 31 December 2025, with revenue from operations for the quarter rising to approximately ₹13,862 lakh and net profit reachi...
Onward Technologies Publishes Q3 FY2025-26 Financial Results Extract in Newspapers
Jan 17, 2026
Onward Technologies Limited has notified the stock exchanges that it has published an extract of its financial results for the quarter ended December 31, 2025 in the Free Press Journal (English) and Navshakti (Marathi) on January 17, 2026. The com...
Onward Technologies Posts Conference Call Audio on Website After Q3 Results
Jan 16, 2026
Onward Technologies Limited has notified the stock exchanges that the audio recording of its conference call held on January 16, 2026, following the announcement of financial results for the quarter ended December 31, 2025, has been made available...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.