Onward Technologies Limited provides mechanical engineering design and IT consulting services in India and internationally. More Details
Flawless balance sheet with outstanding track record.
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.
7 Day Return
1 Year Return
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.
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
2 weeks ago | Simply Wall StIncreases to Onward Technologies Limited's (NSE:ONWARDTEC) CEO Compensation Might Cool off for now
3 weeks ago | Simply Wall StOnward Technologies Limited (NSE:ONWARDTEC) Passed Our Checks, And It's About To Pay A ₹3.00 Dividend
4 weeks ago | Simply Wall StOnward Technologies' (NSE:ONWARDTEC) Upcoming Dividend Will Be Larger Than Last Year's
Is Onward Technologies undervalued compared to its fair value and its price relative to the market?
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).
How is Onward Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Onward Technologies performed over the past 5 years?
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.
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).
What is Onward Technologies's current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jigar Mehta (42 yo)
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.
Experienced Management: ONWARDTEC's management team is considered experienced (2.5 years average tenure).
Experienced Board: ONWARDTEC's board of directors are considered experienced (4.2 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Onward Technologies Limited's company bio, employee growth, exchange listings and data sources
- 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
- Onward Technologies Limited
- Sterling Centre
- 2nd Floor
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||2021/07/25 12:19|
|End of Day Share Price||2021/07/23 00:00|
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.