Onward Technologies

Onward Technologies

295.70
+0.40
(0.14%)
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Key Fundamentals
Add Ratio
Market Cap
671.30 Cr
EPS
11.97
PE Ratio
16.26
Dividend Yield
1.70 %
52 Week High
385.00
52 Week Low
206.00
PB Ratio
2.88
Debt to Equity
0.14
Forecast For
Actual

Company News

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Caret
positive
Onward Technologies delivered a record quarter in terms of revenue and EBITDA growth, with EBITDA margins improving to 14.3%. The company operates across three verticals - Industrial Equipment and Heavy Machinery (largest vertical), Transportation & Mobility, and Healthcare. Managing Director Jigar Mehta reported that attrition declined to 15.49%, DSO remained at 73 days, and headcount stayed steady at 2,525 employees. The company has invested approximately INR 18 crores in infrastructure upgrades across delivery centers in Bangalore, Hyderabad, Pune, and Chennai. Revenue has grown from INR 100 crores to INR 500 crores over five years while maintaining the same headcount. The business has shifted from primarily India-focused to predominantly North American and European markets. Management expects to deliver double-digit revenue and EBITDA growth and sees strong demand in the US manufacturing industry, particularly in AI adoption. The company operates with about 70 clients and focuses on deepening existing relationships rather than acquiring new clients.
positive
Onward Technologies Limited reported consolidated total revenue of ₹140.1 crore for the quarter ended September 30, 2025, marking a 12.4% year-over-year increase and 3.3% quarter-over-quarter growth. The company achieved a record EBITDA margin of 14.3%, expanding 144 basis points sequentially from 12.9% in the previous quarter. EBITDA grew 151.9% year-over-year to ₹19.9 crore. Profit after tax reached ₹11.9 crore, up 230.6% year-over-year, though down 6.5% quarter-over-quarter. For the half-year period, total revenue increased 13.0% to ₹275.7 crore with EBITDA margin at 13.6%. The software outsourcing company, specializing in digital and ER&D services, maintained its focus on three key verticals: Industrial Equipment & Heavy Machinery (63% of revenue), Transportation & Mobility (34%), and Healthcare & Life Sciences (3%). The company employs 2,525 people with attrition at 15.49% and maintains 74 active clients, with top 25 clients contributing 87% of total revenues.
neutral
Onward Tech reported quarterly revenue of 1.4 billion rupees, up from 1.3 billion rupees in the previous quarter. The company's EBIT increased to 118 million rupees from 108 million rupees quarter-on-quarter, with EBIT margin improving to 8.47% from 8.09%. However, consolidated net profit declined to 119 million rupees compared to 127 million rupees in the previous quarter.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
4,089.20
#1 43,457.70
33.97
#1 10,880.10
10.41
#1 1,264
2.87
41.32
1,660.20
28,609.80
46.75
2,703.00
45.49
486
59.91
69.99
672.95
27,462.60
39.39
5,292.60
1.14
677
5.15
38.69
1,747.20
25,005.80
58.56
2,360.10
24.22
382
20.11
28.13
51.82
23,710.90
30.32
5,626.20
17.67
539
#1 113.81
63.77
1,112.70
12,688.40
#1 20.09
7,457.00
3.38
648
-23.42
34.76
543.05
9,137.70
42.80
5,971.90
-5.22
205
27.76
51.04
1,400.60
6,265.40
74.99
1,051.60
8.33
75
24.40
37.55
3,077.20
6,126.50
179.43
203.40
#1 111.65
48
-127.72
45.84
887.05
5,331.40
22.48
1,769.80
10.96
206
50.24
46.33
Growth Rate
Revenue Growth
3.92 %
Net Income Growth
-20.06 %
Cash Flow Change
-49.45 %
ROE
-26.27 %
ROCE
-24.55 %
EBITDA Margin (Avg.)
-16.05 %

Quarterly Financial Results

Quarterly Financials
Mar 2015
Jun 2015
Sept 2015
Dec 2015
Mar 2016
Jun 2016
Sept 2016
Dec 2016
Mar 2017
Jun 2017
Sept 2017
Dec 2017
Mar 2018
Jun 2018
Sept 2018
Dec 2018
Mar 2019
Jun 2019
Sept 2019
Dec 2019
Mar 2020
Jun 2020
Sept 2020
Dec 2020
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Revenue
51
48
51
49
52
53
57
57
59
62
64
59
64
63
68
65
67
68
69
70
66
56
61
60
68
85
77
78
89
96
111
117
122
120
122
117
121
119
125
125
130
136
140
Expenses
49
44
47
46
48
50
55
52
55
56
58
57
62
58
63
59
60
60
60
62
66
52
55
54
63
72
66
68
81
91
107
109
106
103
105
103
109
106
115
112
113
116
119
EBITDA
2
4
4
4
3
3
3
5
4
5
6
3
2
5
6
6
6
8
9
8
-0
4
7
6
6
14
11
10
8
5
4
8
16
17
16
13
13
14
10
12
17
20
21
Operating Profit %
2 %
8 %
7 %
7 %
5 %
5 %
5 %
5 %
5 %
8 %
8 %
2 %
-0 %
8 %
8 %
8 %
8 %
12 %
12 %
11 %
-1 %
7 %
9 %
7 %
6 %
-3 %
10 %
13 %
7 %
3 %
3 %
6 %
13 %
14 %
13 %
9 %
8 %
10 %
6 %
9 %
11 %
13 %
14 %
Depreciation
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
2
1
3
3
3
3
3
3
2
3
2
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
4
Interest
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
0
0
0
0
0
0
0
0
0
0
0
0
0
1
1
1
1
1
1
Profit Before Tax
-0
3
2
2
2
1
1
3
2
3
4
0
0
3
4
4
4
5
5
4
-4
1
3
3
3
11
9
7
5
2
1
4
12
14
13
10
9
10
6
8
13
16
16
Tax
2
0
0
0
5
0
1
1
1
1
1
-0
-1
1
2
1
1
1
2
1
-1
0
1
1
1
1
3
2
2
0
-0
1
5
3
3
3
2
3
2
2
2
3
4
Net Profit
-2
2
2
2
-3
1
1
2
1
2
3
1
1
2
2
3
3
3
3
3
-3
0
2
2
2
10
6
5
3
1
1
3
7
11
10
7
7
7
4
6
10
13
12
EPS in ₹
-1.13
1.64
1.32
1.39
-2.15
0.83
0.34
1.42
0.45
1.32
1.97
0.33
0.74
1.34
1.20
1.86
2.03
2.11
1.88
1.78
-1.86
0.24
1.50
1.45
1.33
6.03
3.18
2.60
1.46
0.55
0.26
1.11
3.25
4.87
4.27
3.02
2.97
3.14
1.57
2.66
4.59
5.61
5.26

Balance Sheet

Balance Sheet
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total Assets
88
91
90
101
107
136
138
229
242
287
314
Fixed Assets
12
11
18
16
15
28
30
57
54
63
65
Current Assets
55
68
60
68
70
83
90
148
166
198
219
Capital Work in Progress
0
0
0
0
0
0
0
0
0
1
2
Investments
0
0
0
0
0
0
0
0
0
0
0
Other Assets
76
80
72
85
91
108
108
173
189
224
247
Total Liabilities
88
91
90
101
107
136
138
229
242
287
314
Current Liabilities
45
51
41
47
41
54
52
48
55
53
57
Non Current Liabilities
11
4
7
4
5
14
11
18
13
27
33
Total Equity
32
36
42
50
61
68
75
163
174
207
224
Reserve & Surplus
17
21
27
34
45
52
58
141
152
185
202
Share Capital
15
15
15
16
16
16
16
22
22
23
23

Cash Flow

Cash Flow
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Net Cash Flow
0
0
3
2
-3
13
11
21
-2
-16
-7
Investing Activities
-4
-1
-11
-5
-5
-5
-10
-32
6
-62
-17
Operating Activities
15
10
14
16
11
29
33
-4
6
62
32
Financing Activities
-11
-9
-0
-10
-9
-10
-12
57
-14
-16
-21

Share Holding

% Holding
Mar 2021
Jun 2021
Jul 2021
Sept 2021
Nov 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Promoter
61.71 %
57.64 %
57.64 %
57.33 %
45.97 %
45.97 %
45.79 %
45.69 %
45.52 %
45.43 %
45.21 %
45.07 %
44.96 %
38.15 %
38.12 %
38.02 %
37.94 %
37.86 %
38.66 %
39.02 %
39.02 %
FIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.09 %
0.00 %
2.51 %
1.64 %
8.97 %
9.18 %
9.30 %
9.29 %
9.21 %
DIIs
0.03 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.23 %
0.32 %
0.56 %
0.87 %
0.85 %
5.17 %
7.66 %
7.59 %
7.39 %
6.39 %
3.86 %
3.73 %
4.00 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
Public / Retail
32.77 %
30.38 %
30.38 %
30.35 %
23.99 %
24.39 %
25.18 %
24.86 %
24.73 %
24.17 %
24.28 %
24.36 %
24.72 %
26.91 %
27.12 %
28.80 %
30.02 %
30.63 %
31.74 %
31.89 %
30.99 %
Others
5.50 %
11.96 %
11.96 %
12.30 %
30.03 %
29.63 %
29.01 %
29.44 %
29.52 %
30.08 %
29.95 %
29.69 %
29.39 %
29.78 %
24.60 %
23.95 %
15.68 %
15.95 %
16.44 %
16.07 %
16.78 %
No of Share Holders
10,891
13,419
13,419
11,795
11,259
11,242
11,571
11,552
11,623
10,911
10,681
12,133
14,278
15,365
16,931
19,327
21,422
22,582
22,721
23,310
22,267

Dividend History

Annual Cash Flows 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Dividend Per Share (₹) 0.00 1 1 1.5 1.5 3 3 3 5 5
Dividend Yield (%) 0.00 1.14 1.5 3.47 1.32 0.83 1.04 0.68 1.98 1.69

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
09 Jul 2021 DIVIDEND Dividend
₹ 3.00 /share
07 Jul 2021 119.80 223.35
11 Jul 2022 DIVIDEND Dividend
₹ 3.00 /share
08 Jul 2022 299.25 286.60
10 Jul 2023 DIVIDEND Dividend
₹ 3.00 /share
10 Jul 2023 350.30 488.90
13 Jul 2024 DIVIDEND Dividend
₹ 5.00 /share
12 Jul 2024 453.45 455.55
19 Jul 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
19 Jul 2024 398.65 474.05
18 Oct 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
18 Oct 2024 405.80 418.35
21 Jan 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
21 Jan 2025 298.00 309.40
16 May 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
16 May 2025 240.30 265.05
04 Jul 2025 DIVIDEND Dividend
₹ 5.00 /share
04 Jul 2025 265.05 333.25
16 Jul 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
16 Jul 2025 311.85 361.90
16 Jul 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
16 Jul 2025 311.50 361.90
17 Oct 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
17 Oct 2025 303.90 312.65

Announcements

Announcement under Regulation 30 (LODR)-Earnings Call TranscriptOct 24, 2025
Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - InvestorS ConferenceOct 24, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 18, 2025
Audio Recording Of The Conference Call Held On October 17 2025Oct 17, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 17, 2025
Earnings PresentationOct 17, 2025
Unaudited Financial Results For Quarter And Half Year Ended 30.09.2025Oct 17, 2025
Board Meeting Outcome for Outcome Of The Board MeetingOct 17, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 10, 2025
Board Meeting Intimation for Considering And Approving Unaudited Financial Results For The Quarter And Half Year Ended 30Th September 2025Oct 10, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 07, 2025
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSOct 06, 2025
Closure of Trading WindowSep 25, 2025
Intimation Regarding 100 Days Campaign - Saksham Niveshak.Aug 21, 2025
Intimation Under Regulation 30 Of SEBI (LODR) Regulations 2015Aug 14, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 11, 2025
Relocation Of European OfficesAug 01, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptJul 22, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 17, 2025
Audio Recording Of The Conference Call Held On July 16 2025Jul 16, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportJul 16, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMJul 16, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 16, 2025
Earnings PresentationJul 16, 2025
Appointment of Company Secretary and Compliance OfficerJul 16, 2025
Unaudited Financial Results For The Quarter Ended 30Th June 2025Jul 16, 2025
Board Meeting Outcome for Outcome Of The Board Meeting Held On July 16 2025Jul 16, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 11, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 09, 2025
Board Meeting Intimation for Considering And Approving The Unaudited Consolidated And Standalone Financial Results Of The Company For The Quarter Ended June 30 2025.Jul 09, 2025
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance OfficerJul 09, 2025
Closure of Trading WindowJun 25, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 24, 2025
Submission Of Business Responsibility And Sustainability Report For Financial Year (FY) 2024- 25Jun 23, 2025
Reg. 34 (1) Annual Report.Jun 23, 2025
Record DateJun 23, 2025
Intimation Of The Notice Of 34Th Annual General MeetingJun 23, 2025
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSJun 20, 2025
Clarification sought from Onward Technologies LtdJun 10, 2025
Reply To The Clarification Sought On Increase In VolumeJun 10, 2025
Reply To The Clarification Sought On Increase In VolumeJun 10, 2025
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSJun 02, 2025
Acquisition Of 50000 Equity Shares By JHM Enterprises Private Limited Promoter Group Of The Company From The Open MarketMay 27, 2025
Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011May 27, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 22, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 21, 2025
Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011May 21, 2025
Acquisition Of 50000 Equity Shares By JHM Enterprises Private Limited Promoter Group Of The Company From The Open MarketMay 21, 2025
Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 20, 2025
Corporate Action-Board approves DividendMay 17, 2025

Mutual Fund Holdings

Technical Indicators

RSI(14)
Neutral
37.96
ATR(14)
Less Volatile
12.76
STOCH(9,6)
Oversold
9.32
STOCH RSI(14)
Oversold
1.97
MACD(12,26)
Bearish
-1.52
ADX(14)
Weak Trend
20.48
UO(9)
Bullish
29.22
ROC(12)
Downtrend And Accelerating
-3.64
WillR(14)
Oversold
-89.72