Onward Technologies Share Price

  • 488.108.00 (1.67%)
  • Volume: 4,59,458
  • Closed
  • Last Updated On: 16 Jul, 2024, 03:55 PM IST
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Onward Technologies Sha...

  • 488.108.00 (1.67%)
  • Volume: 4,59,458
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Onward Tech share price insights

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  • Meeting Agenda: Quarterly Results. Please add to watchlist to track closely.

  • Company has become debt free for the first time since last 5 years. (Source: Consolidated Financials)

  • Company has spent less than 1% of its operating revenues towards interest expenses and 75.71% towards employee cost in the year ending 31 Mar, 2024. (Source: Consolidated Financials)

  • Stock gave a 3 year return of 159.9% as compared to Nifty Smallcap 100 which gave a return of 80.38%. (as of last trading session)

  • Onward Technologies Ltd. share price moved up by 1.67% from its previous close of Rs 480.10. Onward Technologies Ltd. stock last traded price is 488.10

    Share PriceValue
    Today/Current/Last488.10
    Previous Day480.10480.80

InsightsOnward Tech

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    Key Metrics

    PE Ratio
    (x)    		32.49
    EPS - TTM
    (₹)    		15.02
    MCap
    (₹ Cr.)    		1,099.18
    Sectoral MCap Rank
    		49
    PB Ratio
    (x)    		5.22
    Div Yield
    (%)    		1.02
    Face Value
    (₹)    		10.00
    Beta

    Beta

    1 Month1.08
    3 Months0.91
    6 Months1.10
    1 Year0.68
    3 Years1.12

    		1.08
    VWAP
    (₹)    		493.96
    52W H/L
    (₹)
    740.00 / 334.30

    Onward Tech Share Price Returns

    1 Day1.67%
    1 Week17.28%
    1 Month19.14%
    3 Months-3.0%
    1 Year-16.5%
    3 Years89.37%
    5 Years627.42%

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    Onward Tech News & Analysis

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    Onward Tech Share Analysis

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    Onward Tech Share Recommendations

    Recent Recos

    BUY

    Current

    Mean Recos by 1 Analysts

    Strong
    Sell    SellHoldBuyStrong
    Buy

    That's all for Onward Tech recommendations. Check out other stock recos.

    Analyst Trends

    RatingsCurrent1 Week Ago1 Month Ago3 Months Ago
    Strong Buy----
    Buy1111
    Hold----
    Sell----
    Strong Sell----
    # Analysts1111
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    Onward Tech Financials

    • Income (P&L)

    • Balance Sheet

    • Cash Flow

    • Ratios

    • Insights

      • Employee & Interest Expense

        Company has spent less than 1% of its operating revenues towards interest expenses and 75.71% towards employee cost in the year ending 31 Mar, 2024. (Source: Consolidated Financials)
      Quarterly | AnnualMar 2024Dec 2023Sep 2023Jun 2023Mar 2023
      Total Income121.26118.20121.66122.26123.11
      Total Income Growth (%)2.59-2.85-0.49-0.695.31
      Total Expenses111.91108.05108.51108.41110.55
      Total Expenses Growth (%)3.57-0.420.09-1.93-1.84
      EBIT9.3510.1413.1513.8512.56
      EBIT Growth (%)-7.81-22.90-5.0410.32193.48
      Profit after Tax (PAT)6.686.799.5710.887.24
      PAT Growth (%)-1.54-29.09-12.0550.35194.38
      EBIT Margin (%)7.718.5810.8111.3310.20
      Net Profit Margin (%)5.515.747.878.905.88
      Basic EPS (₹)2.973.024.274.873.25
      Quarterly | AnnualMar 2024Dec 2023Sep 2023Jun 2023Mar 2023
      Total Income92.4989.7689.5985.7191.12
      Total Income Growth (%)3.040.194.53-5.949.45
      Total Expenses83.9279.9178.5776.4879.04
      Total Expenses Growth (%)5.021.702.74-3.251.36
      EBIT8.579.8611.029.2312.08
      EBIT Growth (%)-13.01-10.6019.41-23.56129.26
      Profit after Tax (PAT)6.027.087.996.638.71
      PAT Growth (%)-14.99-11.3820.51-23.88147.86
      EBIT Margin (%)9.2710.9812.3110.7713.25
      Net Profit Margin (%)6.517.898.927.749.56
      Basic EPS (₹)2.683.163.572.973.91
      Quarterly | Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
      Total Revenue479.66446.33328.80245.70272.60
      Total Revenue Growth (%)7.4735.7533.82-9.873.97
      Total Expenses434.51428.30296.97235.89262.96
      Total Expenses Growth (%)1.4544.2225.89-10.306.46
      Profit after Tax (PAT)33.9211.4823.687.346.24
      PAT Growth (%)195.45-51.53222.7617.64-38.45
      Operating Profit Margin (%)9.844.4610.685.044.82
      Net Profit Margin (%)7.172.607.703.052.29
      Basic EPS (₹)15.135.1712.624.523.90
      Quarterly | Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
      Total Revenue356.23324.62240.00181.13187.08
      Total Revenue Growth (%)9.7435.2632.50-3.1851.85
      Total Expenses318.98302.88226.98164.42179.52
      Total Expenses Growth (%)5.3233.4438.05-8.4163.10
      Profit after Tax (PAT)27.7316.299.3212.675.42
      PAT Growth (%)70.2074.73-26.39133.84-42.06
      Operating Profit Margin (%)11.187.425.9810.886.01
      Net Profit Margin (%)8.015.163.977.333.00
      Basic EPS (₹)12.377.344.977.803.39

      All figures in Rs Cr, unless mentioned otherwise

      View Details

    • Insights

      • All Debts Paid-off

        Company has become debt free for the first time since last 5 years. (Source: Consolidated Financials)
      Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
      Total Assets286.94242.25229.44137.68136.13
      Total Assets Growth (%)18.455.5866.651.1427.63
      Total Liabilities79.8168.3866.2363.2068.07
      Total Liabilities Growth (%)16.713.254.80-7.1549.12
      Total Equity207.13173.87163.2174.4868.07
      Total Equity Growth (%)19.136.53119.139.4211.55
      Current Ratio (x)3.763.013.071.731.53
      Total Debt to Equity (x)0.000.000.000.200.27
      Contingent Liabilities1.920.550.158.619.21
      Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
      Total Assets260.71218.40214.37117.20117.78
      Total Assets Growth (%)19.371.8882.91-0.4920.18
      Total Liabilities73.1657.1166.2043.5556.27
      Total Liabilities Growth (%)28.10-13.7352.01-22.6152.87
      Total Equity187.55161.29148.1773.6561.51
      Total Equity Growth (%)16.288.85101.1819.740.52
      Current Ratio (x)3.092.672.361.831.27
      Total Debt to Equity (x)0.000.000.000.010.11
      Contingent Liabilities1.920.550.158.879.21

      All figures in Rs Cr, unless mentioned otherwise

      View Details
    • Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
      Net Cash flow from Operating Activities62.355.75-3.9332.9628.77
      Net Cash used in Investing Activities-62.346.01-31.60-9.87-5.63
      Net Cash flow from Financing Activities-16.17-14.2156.57-12.26-9.95
      Net Cash Flow-16.07-2.2521.0210.7013.45
      Closing Cash & Cash Equivalent31.2047.2749.5228.4917.79
      Closing Cash & Cash Equivalent Growth (%)-33.99-4.5473.8060.18309.89
      Total Debt/ CFO (x)0.000.09-0.150.460.63
      Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
      Net Cash flow from Operating Activities66.993.934.0826.6829.72
      Net Cash used in Investing Activities-62.395.24-33.54-7.73-3.00
      Net Cash flow from Financing Activities-16.67-15.1257.03-14.57-21.68
      Net Cash Flow-12.07-5.9527.584.385.04
      Closing Cash & Cash Equivalent21.4533.5139.4611.887.50
      Closing Cash & Cash Equivalent Growth (%)-36.01-15.08232.0658.41250.88
      Total Debt/ CFO (x)0.000.130.150.020.23

      All figures in Rs Cr, unless mentioned otherwise

      View Details

    • Insights

      • ROE Outperforming 5 Year Average

        Company delivered ROE of 16.37% in year ending 31 Mar, 2024 outperforming its 5 year avg. of 12.04%. (Source: Consolidated Financials)
      Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
      Return on Equity (%)16.376.6014.519.859.17
      Return on Capital Employed (%)19.8410.5218.1114.2215.96
      Return on Assets (%)11.824.7310.325.324.58
      Interest Coverage Ratio (x)44.3519.6442.709.723.78
      Asset Turnover Ratio (x)1.791.871.331.36199.46
      Price to Earnings (x)29.5056.1833.5625.2511.33
      Price to Book (x)4.823.704.862.481.04
      EV/EBITDA (x)16.2518.2217.087.562.72
      EBITDA Margin (%)12.587.4113.979.398.99
      Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
      Return on Equity (%)14.7810.106.2917.208.81
      Return on Capital Employed (%)18.4413.708.5822.2814.59
      Return on Assets (%)10.637.464.3410.804.59
      Interest Coverage Ratio (x)35.8021.7922.959.043.30
      Asset Turnover Ratio (x)1.441.461.41147.32153.30
      Price to Earnings (x)36.1039.5385.4714.6213.04
      Price to Book (x)5.323.985.362.511.15
      EV/EBITDA (x)18.9216.8832.006.153.12
      EBITDA Margin (%)14.9111.459.9116.2511.65

    Financial InsightsOnward Tech

    • Income (P&L)
    • Balance Sheet
    • Ratios

      • Employee & Interest Expense

        Company has spent less than 1% of its operating revenues towards interest expenses and 75.71% towards employee cost in the year ending 31 Mar, 2024. (Source: Consolidated Financials)

      • All Debts Paid-off

        Company has become debt free for the first time since last 5 years. (Source: Consolidated Financials)

      • ROE Outperforming 5 Year Average

        Company delivered ROE of 16.37% in year ending 31 Mar, 2024 outperforming its 5 year avg. of 12.04%. (Source: Consolidated Financials)

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    Onward Tech Share Price Forecast

    • PRICE

    • REVENUE

    • EARNINGS

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    Onward Tech Peer Comparison

    • Onward Tech Stock Performance

    • Ratio Performance

      • CHART
      • TABLE

      Insights

      • Stock Returns vs Nifty Smallcap 100

        Stock gave a 3 year return of 159.9% as compared to Nifty Smallcap 100 which gave a return of 80.38%. (as of last trading session)

      • Stock Returns vs Nifty IT

        Stock generated 159.9% return as compared to Nifty IT which gave investors 27.71% return over 3 year time period. (as of last trading session)

      • Choose from Peers

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        • Insights

          • Stock Returns vs Nifty Smallcap 100

            Stock gave a 3 year return of 159.9% as compared to Nifty Smallcap 100 which gave a return of 80.38%. (as of last trading session)

          • Stock Returns vs Nifty IT

            Stock generated 159.9% return as compared to Nifty IT which gave investors 27.71% return over 3 year time period. (as of last trading session)

          Ratio Performance

          NAMEP/E (x)P/B (x)ROE %ROCE %ROA %Rev CAGR [3Yr]OPMNPMBasic EPSCurrent RatioTotal Debt/ Equity (x)Total Debt/ CFO (x)
          Onward Tech32.415.3116.3719.8411.8224.709.847.1715.133.760.000.00
          63 Moons Tech7.180.476.646.436.1034.6745.5144.9748.296.120.000.00
          Xchanging Sol109.274.233.8714.552.61-2.4739.017.851.236.090.29-8.65
          Ramco Systems-5.564.27-77.69-58.26-36.21-6.08-45.17-45.97-68.510.750.000.00
          Majesco-20.696.14-30.90-12.37-8.6562.77-23.54-30.81-14.160.441.079.59
          Add More
          Annual Ratios (%)

          Choose from Peers

          • InfoBeans Tech
          • Mindteck India
          • Silver Touch Tech
          • OnMobile Global
          • 3i Infotech

          Choose from Stocks

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          Peers InsightsOnward Tech

          • Stock Returns vs Nifty Smallcap 100

            Stock gave a 3 year return of 159.9% as compared to Nifty Smallcap 100 which gave a return of 80.38%. (as of last trading session)

          • Stock Returns vs Nifty IT

            Stock generated 159.9% return as compared to Nifty IT which gave investors 27.71% return over 3 year time period. (as of last trading session)

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          Onward Tech Shareholding Pattern

          • QOQ Change

          • Total Shareholdings

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            Showing Onward Tech Shareholding as on 30 Jun 2024
            Category30 Jun 202431 Mar 202431 Dec 202330 Sep 2023
            Promoters38.0238.1238.1544.96
            Pledge0.000.000.000.00
            FII1.642.502.130.09
            DII7.587.656.150.84
            Mutual Funds4.074.112.220.02
            Others52.7651.7353.5754.10
          • Showing Shareholding as on 30 Jun 2024
            CategoryNo. of SharesPercentage% Change QoQ
            Promoters85,83,78938.02 %-0.09
            Pledge00.00 %0.00
            FII3,69,9461.64 %-0.85
            DII17,12,2227.58 %-0.07
            MF9,20,0134.07 %-0.04
            Others1,19,13,21352.76 %1.02

          MF Ownership

          MF Ownership details are not available.

          Top Searches:

          Onward Tech News Onward Tech Quarterly Results Onward Tech Dividend Onward Tech Q1 ResultsOnward Tech Q2 ResultsOnward Tech Q3 ResultsOnward Tech Q4 Results

          Corporate Actions

          • Onward Tech Board Meeting/AGM

          • Onward Tech Dividends

          • Others
          • Meeting DateAnnounced onPurposeDetails
            Jul 19, 2024Jul 12, 2024Board MeetingQuarterly Results
            May 17, 2024May 09, 2024Board MeetingAudited Results & Final Dividend
            Jan 19, 2024Jan 10, 2024Board MeetingQuarterly Results
            Oct 20, 2023Oct 12, 2023Board MeetingQuarterly Results
            Jul 17, 2023Jul 11, 2023Board MeetingQuarterly Results
          • TypeDividendDividend per ShareEx-Dividend DateAnnounced on
            Final50%5.0Jul 12, 2024May 17, 2024
            Final30%3.0Jul 10, 2023May 12, 2023
            Final30%3.0Jul 08, 2022May 13, 2022
            Final30%3.0Jul 07, 2021May 14, 2021
            Final15%1.5Jul 08, 2020May 15, 2020
          • All TypesEx-DateRecord DateAnnounced onDetails
            BonusNov 20, 2001Dec 05, 2001Sep 03, 2001Bonus Ratio: 3 share(s) for every 2 shares held

          About Onward Tech

          Onward Technologies Ltd., incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 1,099.18 Crore) operating in IT Software sector. Onward Technologies Ltd. key Products/Revenue Segments include Software Services for the year ending 31-Mar-2024. Show More

          • Executives

          • Auditors

          • HM

            Harish Mehta

            Founder & Executive Chairman
            JM

            Jigar Mehta

            Managing Director
            HR

            Harsha Raghavan

            Non Exe.Non Ind.Director
            DA

            Dhanpal Arvind Jhaveri

            Ind. Non-Executive Director
            Show More
          • B S R & Co. LLP
            Price Waterhouse Chartered Accountants LLP

          Industry

          IT Consulting & Software - Small Cap

          Key Indices Listed on

          BSE SmallCap, BSE Information Technology, BSE AllCap, + 1 more

          Address

          Sterling Centre,2nd Floor,Mumbai, Maharashtra - 400018

          Contact

          [email protected]

          http://www.onwardgroup.com

          More Details

          FAQs about Onward Tech share

          • 1. What's the Onward Tech share price today?
            Onward Tech share price was Rs 488.10 as on 16 Jul, 2024, 03:55 PM IST. Onward Tech share price was up by 1.67% based on previous share price of Rs 480.1. Onward Tech share price trend:
            • Last 1 Month: Onward Tech share price moved up by 19.14%
            • Last 3 Months: Onward Tech share price moved down by 3.00%
            • Last 12 Months: Onward Tech share price moved down 16.50%
            • Last 3 Years: Onward Tech Share price moved up by 89.37%
          • 2. Who owns Onward Tech?
            Following are the key changes to Onward Tech shareholding:
            • Promoter holding have gone down from 44.96 (30 Sep 2023) to 38.02 (30 Jun 2024)
            • Domestic Institutional Investors holding has gone up from 0.84 (30 Sep 2023) to 7.58 (30 Jun 2024)
            • Foreign Institutional Investors holding has gone up from 0.09 (30 Sep 2023) to 1.64 (30 Jun 2024)
            • Other investor holding have gone down from 54.1 (30 Sep 2023) to 52.76 (30 Jun 2024)
          • 3. What is the CAGR of Onward Tech?
            The CAGR of Onward Tech is 18.4.
          • 4. What is the recommendation for Onward Tech - Buy or Sell?
            As per Refinitiv (erstwhile Thomson Reuters), overall mean recommendation by 1 analyst for Onward Tech stock is to Buy. Recommendation breakup is as follows
            • 1 analyst is recommending to Buy
          • 5. What's the market capitalization of Onward Tech?
            Within the IT Software sector, Onward Tech stock has a market cap rank of 49. Onward Tech has a market cap of Rs 1,099.18 Cr.
          • 6. What is 52 week high/low of Onward Tech share price?
            In last 52 weeks Onward Tech share had a high price of Rs 740.00 and low price of Rs 334.30
          • 7. What are the key metrics to analyse Onward Tech Share Price?
            Key Metrics for Onward Tech are:
            • PE Ratio of Onward Tech is 32.49
            • Price/Sales ratio of Onward Tech is 2.11
            • Price to Book ratio of Onward Tech is 5.22
          • 8. What are the returns for Onward Tech share?
            Return Performance of Onward Tech Shares:
            • 1 Week: Onward Tech share price moved up by 17.28%
            • 1 Month: Onward Tech share price moved up by 19.14%
            • 3 Month: Onward Tech share price moved down by 3.00%
            • 6 Month: Onward Tech share price moved down by 20.97%
          • 9. Who is the chairman of Onward Tech?
            Harish Mehta is the Founder & Executive Chairman of Onward Tech
          • 10. What is the PE & PB ratio of Onward Tech?
            The PE ratio of Onward Tech stands at 32.41, while the PB ratio is 5.31.
          • 11. Who are peers to compare Onward Tech share price?
            Within IT Software sector Onward Tech, InfoBeans Technologies Ltd., Mindteck (India) Ltd., Silver Touch Technologies Ltd., Ramco Systems Ltd., OnMobile Global Ltd., Xchanging Solutions Ltd., 63 Moons Technologies Ltd., 3i Infotech Ltd., Aurum Proptech Ltd. and Cybertech Systems & Software Ltd. are usually compared together by investors for analysis.
          • 12. What dividend is Onward Tech giving?
            Onward Technologies Ltd. announced an equity dividend of 50% on a face value of 10.0 amounting to Rs 5 per share on 17 May 2024. The ex dividend date was 12 Jul 2024.
          • 13. What are the Onward Tech quarterly results?
            Total Revenue and Earning for Onward Tech for the year ending 2024-03-31 was Rs 479.66 Cr and Rs 33.92 Cr on Consolidated basis. Last Quarter 2024-03-31, Onward Tech reported an income of Rs 121.26 Cr and profit of Rs 6.68 Cr.

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