NSEI:ONWARDTEC

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Onward Technologies

Market Cap

₹4.2b

Last Updated

2021/07/25 12:19 UTC

Data Sources

Company Financials

Executive Summary

Onward Technologies Limited provides mechanical engineering design and IT consulting services in India and internationally. More Details


Snowflake Analysis

Flawless balance sheet with outstanding track record.


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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: ONWARDTEC is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: ONWARDTEC's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Indian stocks.


Market Performance


7 Day Return

-0.5%

ONWARDTEC

1.3%

IN IT

-0.3%

IN Market


1 Year Return

286.5%

ONWARDTEC

68.0%

IN IT

53.5%

IN Market

Return vs Industry: ONWARDTEC exceeded the Indian IT industry which returned 68% over the past year.

Return vs Market: ONWARDTEC exceeded the Indian Market which returned 53.5% over the past year.


Shareholder returns

ONWARDTECIndustryMarket
7 Day-0.5%1.3%-0.3%
30 Day30.1%1.0%1.8%
90 Day128.0%13.3%15.0%
1 Year291.7%286.5%70.9%68.0%55.6%53.5%
3 Year267.1%245.6%110.9%98.4%39.1%32.0%
5 Year294.5%262.5%200.7%172.7%83.1%67.8%

Long-Term 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

Valuation

Is Onward Technologies undervalued compared to its fair value and its price relative to the market?

24.8x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ONWARDTEC (₹256.45) is trading above our estimate of fair value (₹240.74)

Significantly Below Fair Value: ONWARDTEC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ONWARDTEC is good value based on its PE Ratio (24.8x) compared to the Indian IT industry average (32.9x).

PE vs Market: ONWARDTEC is poor value based on its PE Ratio (24.8x) compared to the Indian market (23.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ONWARDTEC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ONWARDTEC is overvalued based on its PB Ratio (5.6x) compared to the IN IT industry average (2x).


Future Growth

How is Onward Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.9%

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.


Past Performance

How has Onward Technologies performed over the past 5 years?

15.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ONWARDTEC has high quality earnings.

Growing Profit Margin: ONWARDTEC's current net profit margins (6.6%) are higher than last year (1.3%).


Past Earnings Growth Analysis

Earnings Trend: ONWARDTEC's earnings have grown by 15.8% per year over the past 5 years.

Accelerating Growth: ONWARDTEC's earnings growth over the past year (414.6%) exceeds its 5-year average (15.8% per year).

Earnings vs Industry: ONWARDTEC earnings growth over the past year (414.6%) exceeded the IT industry 12.2%.


Return on Equity

High ROE: ONWARDTEC's Return on Equity (22.6%) is considered high.


Financial Health

How is Onward Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: ONWARDTEC's short term assets (₹902.9M) exceed its short term liabilities (₹523.4M).

Long Term Liabilities: ONWARDTEC's short term assets (₹902.9M) exceed its long term liabilities (₹108.6M).


Debt to Equity History and Analysis

Debt Level: ONWARDTEC's debt to equity ratio (20.6%) is considered satisfactory.

Reducing Debt: ONWARDTEC's debt to equity ratio has reduced from 53.2% to 20.6% over the past 5 years.

Debt Coverage: ONWARDTEC's debt is well covered by operating cash flow (214.9%).

Interest Coverage: ONWARDTEC's interest payments on its debt are well covered by EBIT (85.1x coverage).


Balance Sheet


Dividend

What is Onward Technologies's current dividend yield, its reliability and sustainability?

1.17%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ONWARDTEC's dividend (1.17%) is higher than the bottom 25% of dividend payers in the Indian market (0.36%).

High Dividend: ONWARDTEC's dividend (1.17%) is low compared to the top 25% of dividend payers in the Indian market (1.44%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ONWARDTEC has been paying a dividend for less than 10 years.

Growing Dividend: ONWARDTEC's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29%), ONWARDTEC's dividend payments are well 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?

2.5yrs

Average management tenure


CEO

Jigar Mehta (42 yo)

5.17yrs

Tenure

₹14,086,000

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 ($USD189.23K) is above average for companies of similar size in the Indian market ($USD38.93K).

Compensation vs Earnings: Jigar's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ONWARDTEC's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: ONWARDTEC's board of directors are considered experienced (4.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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: ONWARDTEC
  • Exchange: NSEI
  • Founded: 1991
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: ₹4.231b
  • Shares outstanding: 16.49m
  • Website: https://www.onwardgroup.com

Number of Employees


Location

  • Onward Technologies Limited
  • Sterling Centre
  • 2nd Floor
  • Mumbai
  • Maharashtra
  • 400018
  • India

Listings


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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/25 12:19
End of Day Share Price2021/07/23 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.