Onward Technologies Limited share price

Onward Technologies Limited operates as a software and technology services outsourcing company India, the United States, Europe, Canada, and the United Kingdom, and internationally. The company offers digital and engineering research and development services for original equipment manufacturers (OEMs) in industrial equipment and heavy machinery, transportation, mobility, and healthcare and life sciences sectors. It also provides digital services, such as advanced software development and lifecycle management, digitalization and integration, data engineering, analytics and visualization, and cloud platforms; and embedded product and systems engineering services comprising system, software an…Read more

Website NSE BSE

TechnologyInformation Technology ServicesNSE: ONWARDTECISIN INE229A01017

16 Oct 2026, 3:29 PM IST₹427.40▲ 71.20 (19.99%)

Market Cap₹ 936 Cr.
Current Price₹ 427.40
High / Low₹ 427 / 208
Stock P/E22.6
Book Value₹ 111
Dividend Yield2.25 %
ROCE20.1 %
ROE18.60 %
Face Value₹ 10.0

More figures (10)

EPS (TTM)₹ 18.91
Price / Book3.84
OPM10.4 %
Debt / Equity0.16
Sales growth (5Y)17.7 %
Profit growth (5Y)43.3 %
Promoter holding62.0 %
EV / EBITDA14.5
Beta0.85
All-time high₹ 740

Price chart

Price on NSE 50 DMA 200 DMA Volume

Returns	1M	3M	6M	YTD	1Y	3Y CAGR	5Y CAGR
ONWARDTEC	+53.41%	+48.30%	+64.72%	+49.44%	+37.05%	-9.70%	+13.69%
Nifty 50	-0.31%	-3.85%	-4.34%	-11.42%	-9.53%	+5.46%	+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

Onward Technologies Limited is in the Information Technology Services industry (Technology), with a market value of ₹936 crore.
It trades at 22.6 times its last 12 months' earnings and 3.8 times book value.
Revenue grew 17.7% a year over the last 5 years, profit 43.3% a year.
Return on equity was 18.6% and return on capital employed 20.1% in the latest year.
Debt was 0.16 times shareholders' equity.
The share price is 0.0% above its 52-week high and up 37.1% over one year.
Promoters and insiders hold about 62.0%; institutions about 1.5%.

Pros

Sales have grown 17.7% a year over the last 5 years.
Profit has grown 43.3% a year over the last 5 years.
Latest quarter (Sep 2026): sales up 22% and profit up 40% from a year ago.
Healthy return on equity of 16.3% on average over the last 3 years.
Promoters have raised their holding by 2.05 points over 3 years, to 40.20%.

Cons

No standout weaknesses in the reported figures.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Onward Technologies Limited

Employees: 2,359
Head office: Mumbai

Peer comparison

Company	Market cap (₹ Cr)	P/E	P/B	ROE	OPM	Sales CAGR	Div. yield
Onward Technologies LimitedONWARDTEC	936	22.6	3.84	18.6%	10.4%	+7.2%	2.25%
Tata Consultancy Services LimitedTCS	8,91,859	17.3	7.50	48.7%	25.1%	+5.8%	2.04%
Infosys LimitedINFY	4,70,326	15.8	5.14	31.6%	20.3%	+3.4%	4.50%
HCL Technologies LimitedHCLTECH	3,73,396	20.4	4.94	23.0%	31.4%	+8.7%	3.53%
Wipro LimitedWIPRO	1,82,435	14.5	2.30	15.4%	16.1%	+0.8%	4.60%
Tech Mahindra LimitedTECHM	1,58,580	28.8	5.34	16.9%	13.0%	+2.2%	3.09%
LTM LimitedLTM	1,30,146	24.9	5.30	21.5%	15.5%	+8.4%	1.77%
Persistent Systems LimitedPERSISTENT	90,063	50.2	10.48	26.3%	16.4%	+20.9%	0.62%
Coforge LimitedCOFORGE	86,477	40.0	6.87	19.5%	14.2%	+26.9%	0.83%
Mphasis LimitedMPHASIS	47,718	25.0	4.21	18.3%	15.3%	+4.8%	2.53%

Companies in the same industry (Information Technology Services). Tap a heading to sort. Sorting is a way to explore data, not a recommendation.

Quarterly Results

Consolidated figures in ₹ crore /

₹ Cr	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	120	114	118	118	123	123	127	133	139	135	137	149	170
YOY Sales Growth %	9.20%	-1.47%	-2.41%	-1.69%	2.33%	8.16%	7.47%	13.23%	12.95%	9.10%	7.72%	12.23%	22.46%
	105	105	109	106	115	112	113	116	119	115	122	131	144
Employee Cost %	75%	79%	77%	76%	80%	77%	77%	74%	70%	73%	74%	73%	69%
Other Expenses %	12%	13%	15%	14%	14%	14%	12%	13%	15%	13%	14%	15%	15%
Operating Profit	15	9	10	12	8	11	14	17	20	20	15	18	27
OPM %	12%	8%	8%	10%	6%	9%	11%	13%	14%	15%	11%	12%	16%
	1	4	3	2	2	1	3	2	1	2	2	2	1
Exceptional items										-3
Interest	0	0	0	1	1	1	1	1	1	1	1	1	1
Depreciation	3	3	3	3	3	3	3	3	4	4	4	5	5
Profit before tax	13	10	9	10	6	8	13	16	16	13	12	15	22
	25%	31%	26%	27%	37%	29%	17%	20%	25%	23%	21%	24%	24%
Current tax	3	3	2	3	3	2	3	3	4	4	3	4	6
Deferred tax	0	-0	0	-0	-1	0	-0	-0	-1	-1	-0	-0	-1
	10	7	7	7	4	6	10	13	12	10	10	11	17
Profit to shareholders	10	7	7	7		6	10		12	10	10	11	17
YOY Profit Growth %	1,552.53%	176.03%	-7.68%	-34.86%	-62.99%	-11.06%	55.84%	79.62%	237.06%	67.37%	-8.26%	-12.27%	40.50%
EPS in Rs	4.27	3.02	2.97	3.14	1.57	2.66	4.59	5.61	5.26	4.50	4.26	5.00	7.65
Raw filing

₹ Cr	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	87	85	89	90	96	96	99	103	108	102	103	112	129
YOY Sales Growth %	13.46%	4.83%	1.32%	5.99%	9.93%	13.27%	11.34%	15.38%	13.07%	5.55%	4.08%	8.47%	19.10%
	75	77	81	78	87	86	92	90	91	88	92	97	104
Employee Cost %	75%	77%	74%	72%	76%	75%	77%	72%	69%	73%	75%	72%	68%
Other Expenses %	12%	13%	17%	15%	14%	15%	16%	14%	15%	13%	14%	14%	13%
Operating Profit	12	9	9	12	9	10	7	14	18	14	11	15	25
OPM %	13%	10%	10%	13%	9%	11%	7%	13%	16%	14%	11%	14%	19%
	3	5	3	3	3	2	3	3	2	2	2	3	2
Exceptional items										-3
Interest	0	0	1	1	1	1	1	1	1	1	1	1	1
Depreciation	3	3	3	3	3	3	3	3	4	4	5	5	5
Profit before tax	11	10	8	10	8	9	7	13	14	8	8	12	21
	25%	26%	25%	25%	25%	27%	27%	25%	25%	26%	22%	26%	25%
Current tax	3	3	2	3	2	2	2	3	4	3	2	4	6
Deferred tax	0	-0	0	-0	-1	0	-0	-0	-1	-1	-0	-0	-1
	8	7	6	8	6	6	5	9	10	6	6	9	15
YOY Profit Growth %	559.55%	101.49%	-30.89%	14.75%	-28.44%	-11.77%	-20.24%	22.52%	79.99%	-3.00%	34.85%	-0.96%	50.19%
EPS in Rs	3.57	3.16	2.68	3.38	2.53	2.76	2.12	4.11	4.54	2.70	2.89	4.14	7.05
Raw filing

Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	244	244	259	272	240	307	441	472	491	544	591
YOY Sales Growth %			6.15%	4.64%	-11.48%	27.83%	43.50%	7.14%	4.01%	10.69%
	233	233	239	248	223	286	414	420	447	472	512
Material Cost %	2%	2%	2%	0%	1%	0%
Employee Cost %	76%	76%	73%	78%	79%	78%	80%	76%	77%	73%	72%
Other Expenses %	18%	18%	18%	14%	13%	15%	14%	13%	14%	14%	14%
Operating Profit	11	11	21	23	17	21	27	52	45	72	80
OPM %	5%	5%	8%	9%	7%	7%	6%	11%	9%	13%	13%
	5	5	3	1	5	22	5	7	7	7	6
Exceptional items										-3	-3
Interest	3	3	3	3	2	1	2	1	2	3	3
Depreciation	5	5	6	11	10	10	13	13	13	16	18
Profit before tax	8	8	15	10	10	32	18	45	36	57	62
	11%	11%	33%	35%	25%	26%	36%	25%	25%	22%	23%
Current tax	2	2	5	5	4	4	5	11	10	14
Deferred tax	-1	-1	-0	-1	-1	4	1	0	-1	-2
	7	7	10	6	7	24	11	34	27	44	48
Profit to shareholders	7	7	10	6	7	24	11	34	27	44	48
YOY Profit Growth %			50.89%	-38.45%	17.64%	222.76%	-51.53%	195.45%	-20.17%	63.69%
EPS in Rs	4.35	4.35	6.45	3.90	4.52	12.62	5.18	15.13	11.97	19.64	21.41
Dividend Payout %							57%	20%	41%	26%

Compounded Sales Growth

5 Years:: 18%
3 Years:: 7%
TTM:: 13%

Compounded Profit Growth

5 Years:: 43%
3 Years:: 57%
TTM:: 16%

Stock Price CAGR

5 Years:: 14%
3 Years:: -10%
1 Year:: 37%

Return on Equity

4 Years:: 14%
Last Year:: 19%

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	107	107	117	122	173	234	315	346	381	417	446
YOY Sales Growth %			9.46%	4.62%	41.47%	35.75%	34.46%	9.77%	10.15%	9.37%
	103	103	103	105	153	217	289	305	343	360	381
Material Cost %	3%	3%	4%	0%	1%	0%
Employee Cost %	72%	72%	65%	69%	71%	75%	77%	75%	75%	72%	72%
Other Expenses %	22%	22%	20%	17%	17%	17%	14%	14%	15%	14%	13%
Operating Profit	4	4	13	17	20	18	27	41	38	57	66
OPM %	3%	3%	12%	14%	11%	8%	8%	12%	10%	14%	15%
	7	7	7	7	8	6	9	10	11	9	9
Exceptional items										-3	-3
Interest	2	2	2	3	2	1	2	1	3	3	3
Depreciation	5	5	5	9	9	9	13	13	14	17	18
Profit before tax	3	3	13	11	17	13	22	37	33	43	50
	34%	34%	29%	26%	24%	28%	25%	26%	26%	25%	25%
Current tax	1	1	4	4	4	3	5	9	10	12
Deferred tax	0	0	-1	-1	0	1	0	0	-1	-2
	2	2	9	8	13	9	16	28	24	32	37
YOY Profit Growth %			324.72%	-12.41%	54.67%	-26.39%	74.73%	70.20%	-12.07%	31.89%
EPS in Rs	1.43	1.43	5.95	5.12	7.80	4.97	7.34	12.37	10.78	14.25	16.78
Dividend Payout %							40%	24%	46%	35%

Compounded Sales Growth

5 Years:: 19%
3 Years:: 10%
TTM:: 10%

Compounded Profit Growth

5 Years:: 20%
3 Years:: 25%
TTM:: 21%

Stock Price CAGR

5 Years:: 14%
3 Years:: -10%
1 Year:: 37%

Return on Equity

4 Years:: 14%
Last Year:: 19%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	22	23	23	22
Reserves	152	185	202	231
	17	28	32	40
Long term borrowings	0
Short term borrowings	0
	52	52	57	77
Trade payables	11	13	9	12
Current liabilities	55	53	56	72
Total Liabilities	242	287	314	371
	50	60	63	85
Gross block	67	76	81	105
Accumulated depreciation	17	16	18	20
Goodwill & intangibles	3	3	4	4
CWIP			0	0
	192	227	251	285
Trade receivables	91	74	79	86
Cash & equivalents	47	31	24	37
Current assets	166	198	219	263
Total Assets	242	287	314	371

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	6	62	32	65
Profit for the year	11	34	27	44
Working capital changes	-25	5	-10	11
Direct taxes paid	-4	-2	-6	-17
	6	-62	-17	-22
Fixed assets purchased	-7	-2	-4	-19
Fixed assets sold	0	0	0	0
Investments purchased	-20	-62	-56	-100
Investments sold	30	1	38	90
	-14	-16	-21	-31
Repayment of borrowings	-0	-1
Interest paid	-0	-0
Dividends paid	-7	-7	-11	-11
Net Cash Flow	-2	-16	-7	12
Free Cash Flow	-1	60	28	46

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE	—	6.6%	17.8%	12.6%	18.6%
ROCE	—	10.5%	19.8%	15.0%	20.1%
Operating margin	—	3.8%	8.3%	6.4%	10.4%
Net margin	—	2.6%	7.2%	5.5%	8.1%
Debt / equity	—	0.10	0.14	0.14	0.16
Current ratio	—	3.01	3.76	3.87	3.66

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities).

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

Promoters 40.20%
FIIs 9.28%
DIIs 1.74%
Public 47.26%

%	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	38.15%	38.12%	38.02%	37.94%	37.86%	38.66%	39.02%	39.02%	39.09%	39.07%	39.97%	40.20%
	2.14%	2.51%	1.64%	8.97%	9.18%	9.30%	9.29%	9.21%	9.40%	9.83%	9.32%	9.28%
Foreign portfolio investors (Cat. I)	2.01%	2.32%	1.32%	8.53%	8.62%	8.66%	8.61%	8.60%	8.77%	9.03%	8.58%	8.52%
Foreign portfolio investors (Cat. II)	0.13%	0.18%	0.32%	0.44%	0.56%	0.64%	0.68%	0.61%	0.62%	0.80%	0.74%	0.75%
	6.16%	7.66%	7.59%	7.39%	6.39%	3.86%	3.73%	4.00%	2.90%	3.53%	1.79%	1.74%
Mutual funds	2.22%	4.11%	4.07%	4.06%	4.04%	3.85%	3.72%	3.72%	2.89%	2.47%	1.45%	1.44%
Insurance companies	2.94%	3.34%	3.33%	3.32%	2.33%
Alternative investment funds	0.99%	0.20%	0.18%					0.27%		1.06%	0.34%	0.29%
	53.55%	51.72%	52.75%	45.71%	46.58%	48.18%	47.89%	46.89%	47.26%	46.20%	47.53%	47.26%
Retail (up to ₹2 lakh)	18.16%	19.11%	21.19%	22.52%	23.07%	22.49%	23.69%	22.69%	23.03%	22.63%	23.98%	23.56%
HNIs (above ₹2 lakh)	8.75%	8.01%	7.61%	7.51%	7.56%	9.25%	8.20%	8.30%	8.68%	8.61%	8.09%	7.92%
NRIs	1.19%	0.93%	1.16%	1.20%	1.23%	1.19%	1.28%	1.24%	1.26%	1.42%	1.68%	1.71%
Bodies corporate	5.12%	3.75%	2.93%	2.90%	2.80%	3.23%	2.48%	2.48%	2.16%	2.20%	2.93%	3.51%
IEPF				0.36%	0.41%	0.41%	0.41%	0.41%	0.42%	0.42%	0.43%	0.43%
No. of Shareholders	15,365	16,931	19,327	21,422	22,582	22,721	23,310	22,267	22,254	20,829	22,336	21,521

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Documents

Announcements

All announcements on NSE →

Annual reports

Credit ratings

Credit RatingOnward Technologies Limited has informed the Exchange about Credit Rating26-Aug-2021

Concalls & investor meets

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date: 3 Jul 2026
Latest quarter: 30 Jun 2026
Financial year end: 31 Mar 2026

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Questions about Onward Technologies Limited

What is the share price of Onward Technologies Limited today?

Onward Technologies Limited (ONWARDTEC) last traded at ₹427.40 on NSE (16 Oct 2026, 3:29 PM IST). Prices may be delayed.

What is the market cap of Onward Technologies Limited?

About ₹936 crore at the latest price.

What is the P/E ratio of Onward Technologies Limited?

About 22.6 times its earnings over the last 12 months.

Is Onward Technologies Limited a good investment?

We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.

How can I buy Onward Technologies Limited shares?

You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.

Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).

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Onward Technologies Limited share price

Price chart

Quick take

Pros

Cons

AI analysis

About Onward Technologies Limited

Peer comparison

Quarterly Results

Profit & Loss

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings

Concalls & investor meets

Key dates

Trade with our broking desk

Questions about Onward Technologies Limited

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