Onward Technologies
Market Cap
₹1.0b
Last Updated
2020/08/14 19:36 UTC
Data Sources
Company Financials
Executive Summary
Onward Technologies Limited provides mechanical engineering design and IT consulting services in India and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and slightly overvalued.
Similar Companies
Share Price & News
How has Onward Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 517536's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-1.3%
517536
-0.6%
IN IT
0.2%
IN Market
1 Year Return
-2.1%
517536
12.9%
IN IT
3.3%
IN Market
Return vs Industry: 517536 underperformed the Indian IT industry which returned 13.5% over the past year.
Return vs Market: 517536 underperformed the Indian Market which returned 4.3% over the past year.
Shareholder returns
| 517536 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.3% | -0.6% | 0.2% |
| 30 Day | 2.2% | 6.8% | 6.0% |
| 90 Day | 55.2% | 31.1% | 22.4% |
| 1 Year | 0.3%-2.1% | 16.1%12.9% | 5.2%3.3% |
| 3 Year | -27.4%-31.7% | 81.9%71.8% | 3.2%-1.7% |
| 5 Year | 0.1%-8.0% | 73.5%57.3% | 33.2%23.2% |
Price Volatility Vs. Market
How volatile is Onward Technologies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Onward Technologies undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 517536 (₹63.1) is trading below our estimate of fair value (₹147.84)
Significantly Below Fair Value: 517536 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 517536 is poor value based on its PE Ratio (31x) compared to the IN IT industry average (13.7x).
PE vs Market: 517536 is poor value based on its PE Ratio (31x) compared to the Indian market (14.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 517536's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 517536 is overvalued based on its PB Ratio (1.5x) compared to the IN IT industry average (1.2x).
Next Steps
Future Growth
How is Onward Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
10.6%
Forecasted Software industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Onward Technologies has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine Onward Technologies's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Onward Technologies competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Software industry.
Past Performance
How has Onward Technologies performed over the past 5 years?
22.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 517536 has high quality earnings.
Growing Profit Margin: 517536's current net profit margins (1.3%) are lower than last year (4.3%).
Past Earnings Growth Analysis
Earnings Trend: 517536's earnings have grown significantly by 22.3% per year over the past 5 years.
Accelerating Growth: 517536's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 517536 had negative earnings growth (-71.3%) over the past year, making it difficult to compare to the IT industry average (0.3%).
Return on Equity
High ROE: 517536's Return on Equity (4.8%) is considered low.
Next Steps
Financial Health
How is Onward Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: 517536's short term assets (₹827.4M) exceed its short term liabilities (₹540.4M).
Long Term Liabilities: 517536's short term assets (₹827.4M) exceed its long term liabilities (₹140.2M).
Debt to Equity History and Analysis
Debt Level: 517536's debt to equity ratio (26.6%) is considered satisfactory.
Reducing Debt: 517536's debt to equity ratio has reduced from 91.8% to 26.6% over the past 5 years.
Debt Coverage: 517536's debt is well covered by operating cash flow (158.7%).
Interest Coverage: 517536's interest payments on its debt are well covered by EBIT (3.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Onward Technologies's current dividend yield, its reliability and sustainability?
2.38%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 517536's dividend (2.38%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: 517536's dividend (2.38%) is low compared to the top 25% of dividend payers in the Indian market (2.51%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 517536 has been paying a dividend for less than 10 years.
Growing Dividend: 517536's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (73.7%), 517536's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.6yrs
Average management tenure
CEO
Jigar Mehta (40 yo)
4.25yrs
Tenure
₹13,253,000
Compensation
Mr. Jigar Harish Mehta has been the Managing Director of Onward Technologies Limited since May 16, 2016. Mr. Mehta served as the Chief Operating Officer of Onward Technologies Limited until May 16, 2016 an ...
CEO Compensation Analysis
Compensation vs Market: Jigar's total compensation ($USD177.01K) is above average for companies of similar size in the Indian market ($USD48.97K).
Compensation vs Earnings: Jigar's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Executive Chairman | 4.25yrs | ₹21.94m | 1.34% ₹ 13.7m | |
| MD & Executive Director | 4.25yrs | ₹13.25m | 3.55% ₹ 36.4m | |
| Chief Financial Officer | 0.83yr | no data | no data | |
| Company Secretary & Compliance Officer | 1.58yrs | no data | no data | |
| Executive Vice President | no data | no data | no data | |
| Executive | no data | no data | no data |
1.6yrs
Average Tenure
Experienced Management: 517536's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Executive Chairman | 4.25yrs | ₹21.94m | 1.34% ₹ 13.7m | |
| MD & Executive Director | 4.25yrs | ₹13.25m | 3.55% ₹ 36.4m | |
| Women Non-Executive Director | 5.42yrs | ₹325.00k | 0.92% ₹ 9.4m | |
| Non-Executive Independent Director | 3.33yrs | ₹260.00k | 1.33% ₹ 13.6m | |
| Non-Executive Independent Director | 3.25yrs | ₹530.00k | no data | |
| Independent Non-Executive Director | 0.25yr | no data | no data | |
| Independent Non-Executive Director | 0.25yr | no data | no data |
3.3yrs
Average Tenure
47yo
Average Age
Experienced Board: 517536's board of directors are considered experienced (3.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 517536 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Onward Technologies Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Onward Technologies Limited
- Ticker: 517536
- Exchange: BSE
- Founded: 1991
- Industry: IT Consulting and Other Services
- Sector: Software
- Market Cap: ₹1.023b
- Shares outstanding: 16.21m
- Website: https://www.onwardgroup.com
Number of Employees
Location
- Onward Technologies Limited
- Sterling Centre
- 2nd Floor
- Mumbai
- Maharashtra
- 400018
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 517536 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Dec 1998 |
| ONWARDTEC | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Dec 1998 |
Biography
Onward Technologies Limited provides mechanical engineering design and IT consulting services in India and internationally. The company offers product engineering, manufacturing engineering, mechanical eng ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/14 19:36 |
| End of Day Share Price | 2020/08/14 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.