About
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 and hardware, tooling, testing, and consulting services. In addition, the company offers mechanical product engineering services, including new product design and development, value engineering, virtual simulation, and manufacturing engineering. Onward Technologies Limited was incorporated in 1991 and is headquartered in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap632 Cr
P/E14.00
Div Yield2.81 %
Book Value₹111.00
52w High₹355.00
52w Low₹208.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 149.00 | 137.00 | 135.00 | 139.00 | 133.00 | 127.00 | 123.00 | 123.00 | 118.00 | 118.00 | 114.00 | 120.00 | 120.00 |
| Expenses | 131.00 | 122.00 | 115.00 | 119.00 | 116.00 | 113.00 | 112.00 | 115.00 | 106.00 | 109.00 | 103.00 | 105.00 | 103.00 |
| Operating Profit | 18.00 | 15.00 | 20.00 | 20.00 | 17.00 | 14.00 | 11.00 | 8.00 | 12.00 | 10.00 | 11.00 | 15.00 | 17.00 |
| OPM % | 12.00 | 11.00 | 15.00 | 14.00 | 13.00 | 11.00 | 9.00 | 6.00 | 10.00 | 8.00 | 9.00 | 13.00 | 14.00 |
| Other Income | 2.00 | 2.00 | -2.00 | 1.00 | 2.00 | 3.00 | 1.00 | 2.00 | 2.00 | 3.00 | 3.00 | 1.00 | 0.00 |
| Depreciation | 5.00 | 4.00 | 4.00 | 4.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
| Interest | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 15.00 | 12.00 | 13.00 | 16.00 | 16.00 | 13.00 | 8.00 | 6.00 | 10.00 | 9.00 | 10.00 | 13.00 | 14.00 |
| Tax % | 24.00 | 21.00 | 23.00 | 25.00 | 20.00 | 17.00 | 29.00 | 37.00 | 27.00 | 26.00 | 31.00 | 25.00 | 19.00 |
| Net Profit | 11.00 | 10.00 | 10.00 | 12.00 | 13.00 | 10.00 | 6.00 | 4.00 | 7.00 | 7.00 | 7.00 | 10.00 | 11.00 |
| EPS in Rs | 5.02 | 4.20 | 4.44 | 5.25 | 5.60 | 4.59 | 2.66 | 1.56 | 3.14 | 2.97 | 3.02 | 4.27 | 4.86 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 544.00 | 491.00 | 472.00 | 441.00 | 307.00 | 240.00 | 272.00 | 261.00 | 244.00 | 224.00 | 198.00 | 189.00 |
| Expenses | 472.00 | 447.00 | 420.00 | 414.00 | 286.00 | 223.00 | 248.00 | 239.00 | 233.00 | 212.00 | 184.00 | 177.00 |
| Operating Profit | 72.00 | 45.00 | 52.00 | 27.00 | 22.00 | 17.00 | 23.00 | 22.00 | 11.00 | 11.00 | 14.00 | 13.00 |
| OPM % | 13.00 | 9.00 | 11.00 | 6.00 | 7.00 | 7.00 | 9.00 | 9.00 | 4.60 | 5.00 | 7.00 | 7.00 |
| Other Income | 4.00 | 7.00 | 7.00 | 5.00 | 21.00 | 5.00 | 1.00 | 1.00 | 5.00 | 3.00 | 2.00 | 1.00 |
| Interest | 3.00 | 2.00 | 1.00 | 2.00 | 1.00 | 2.00 | 3.00 | 3.00 | 3.00 | 3.00 | 4.00 | 3.00 |
| Depreciation | 16.00 | 13.00 | 13.00 | 13.00 | 10.00 | 10.00 | 11.00 | 6.00 | 5.00 | 4.00 | 4.00 | 5.00 |
| Profit before tax | 57.00 | 36.00 | 45.00 | 18.00 | 32.00 | 10.00 | 10.00 | 15.00 | 8.00 | 7.00 | 8.00 | 5.00 |
| Tax % | 22.00 | 25.00 | 25.00 | 36.00 | 26.00 | 25.00 | 35.00 | 33.00 | 11.00 | 38.00 | 61.00 | 37.00 |
| Net Profit | 44.00 | 27.00 | 34.00 | 11.00 | 24.00 | 7.00 | 6.00 | 10.00 | 7.00 | 4.00 | 3.00 | 3.00 |
| EPS in Rs | 19.48 | 11.94 | 15.06 | 5.15 | 10.75 | 4.49 | 3.89 | 6.41 | 4.32 | 2.70 | 2.14 | 2.00 |
| Dividend Payout % | 41.00 | 42.00 | 33.00 | 58.00 | 28.00 | 67.00 | 39.00 | 23.00 | 23.00 | 37.00 | 47.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22.00 | 23.00 | 23.00 | 22.00 | 22.00 | 16.00 | 16.00 | 16.00 | 16.00 | 15.00 | 15.00 | 15.00 |
| Reserves | 231.00 | 202.00 | 185.00 | 152.00 | 141.00 | 58.00 | 52.00 | 45.00 | 34.00 | 27.00 | 21.00 | 17.00 |
| Borrowings | 40.00 | 32.00 | 28.00 | 17.00 | 19.00 | 25.00 | 35.00 | 18.00 | 23.00 | 25.00 | 23.00 | 29.00 |
| Other Liabilities | 74.00 | 54.00 | 50.00 | 50.00 | 45.00 | 38.00 | 33.00 | 27.00 | 28.00 | 22.00 | 31.00 | 27.00 |
| Total Liabilities | 367.00 | 311.00 | 285.00 | 240.00 | 227.00 | 138.00 | 135.00 | 106.00 | 100.00 | 90.00 | 91.00 | 88.00 |
| Fixed Assets | 89.00 | 65.00 | 63.00 | 54.00 | 57.00 | 30.00 | 28.00 | 15.00 | 16.00 | 18.00 | 11.00 | 12.00 |
| CWIP | 0.00 | 2.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 279.00 | 244.00 | 222.00 | 187.00 | 170.00 | 108.00 | 107.00 | 91.00 | 85.00 | 72.00 | 80.00 | 76.00 |
| Total Assets | 367.00 | 311.00 | 285.00 | 240.00 | 227.00 | 138.00 | 135.00 | 106.00 | 100.00 | 90.00 | 91.00 | 88.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 65.00 | 32.00 | 62.00 | 6.00 | -4.00 | 33.00 | 29.00 | 11.00 | 16.00 | 14.00 | 10.00 | 15.00 |
| Cash from Investing Activity | -21.00 | -17.00 | -62.00 | 6.00 | -32.00 | -10.00 | -5.00 | -5.00 | -5.00 | -11.00 | -1.00 | -4.00 |
| Cash from Financing Activity | -31.00 | -21.00 | -16.00 | -14.00 | 57.00 | -12.00 | -10.00 | -9.00 | -10.00 | 0.00 | -9.00 | -11.00 |
| Net Cash Flow | 13.00 | -7.00 | -16.00 | -2.00 | 21.00 | 11.00 | 13.00 | -3.00 | 2.00 | 3.00 | 0.00 | 0.00 |
| Free Cash Flow | 46.00 | 28.00 | 61.00 | -1.00 | -26.00 | 20.00 | 27.00 | 6.00 | 12.00 | 9.00 | 10.00 | 15.00 |
| CFO/OP % | 114.00 | 84.00 | 123.00 | 35.00 | 30.00 | 168.00 | 148.00 | 86.00 | 186.00 | 86.00 | 111.00 | 132.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 81.00 | 81.00 | 78.00 | 91.00 | 79.00 | 62.00 | 67.00 | 68.00 | 68.00 | 79.00 | 71.00 | 75.00 |
| Cash Conversion Cycle | 81.00 | 81.00 | 78.00 | 91.00 | 79.00 | 62.00 | 67.00 | 68.00 | 68.00 | 79.00 | 71.00 | 75.00 |
| Working Capital Days | 54.00 | 102.00 | 88.00 | 52.00 | 47.00 | 13.00 | 9.00 | 33.00 | 20.00 | 24.00 | 26.00 | 14.00 |
| ROCE % | 23.00 | 16.00 | 22.00 | 10.00 | 23.00 | 12.00 | 14.00 | 24.00 | 15.00 | 15.00 | 19.00 | 14.00 |
Corporate Actions
23 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 03 Jul 2026 | 03 Jul 2026 | — | 8.00 | |
| Other | 18 May 2026 | 18 May 2026 | — | — | Buy Back of Shares |
| Other | 18 May 2026 | 18 May 2026 | — | — | Buy Back |
| Dividend | 04 Jul 2025 | 04 Jul 2025 | — | 5.00 | |
| Dividend | 12 Jul 2024 | — | — | 5.00 | |
| Dividend | 10 Jul 2023 | — | — | 3.00 | |
| Dividend | 08 Jul 2022 | — | — | 3.00 | |
| Dividend | 07 Jul 2021 | — | — | 3.00 | |
| Dividend | 08 Jul 2020 | — | — | 1.50 | |
| Dividend | 17 Jul 2019 | — | — | 1.50 | |
| Dividend | 12 Jul 2018 | — | — | 1.00 | |
| Dividend | 13 Jul 2017 | — | — | 1.00 | |
| Dividend | 11 Jul 2016 | — | — | 1.00 | |
| Other | 24 Jul 2015 | — | — | — | Annual General Meeting |
| Other | 16 Jul 2013 | — | — | — | Annual General Meeting |
| Other | 23 Jul 2012 | — | — | — | Annual General Meeting |
| Other | 11 Jul 2011 | — | — | — | Annual General Meeting |
| Other | 12 Jul 2010 | — | — | — | Annual General Meeting |
| Other | 25 Aug 2009 | — | — | — | Annual General Meeting |
| Other | 25 Jul 2008 | — | — | — | Annual General Meeting |
| Other | 07 Aug 2006 | — | — | — | Agm |
| Other | 02 Aug 2005 | — | — | — | Agm |
| Bonus | 20 Nov 2001 | 05 Dec 2001 | 3:2 | — |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update13 Nov 2023 from icra
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Rating update16 Oct 2023 from icra
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Rating update27 Mar 2023 from icra
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Rating update2 Feb 2022 from icra
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Rating update23 Aug 2021 from icra
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Rating update3 Nov 2020 from icra
Conference Calls
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