Onward Technologies Ltd
NSE: ONWARDTEC BSE: 517536
₹238.80
(0.55%)
Tue, 24 Mar 2026, 02:53 am
Market Cap5.37B
PE Ratio12.04
Dividend2.12
Technology Services
Information Technology Services
24.5KOnward Technologies Analysis
dividend
- Dividends paid are well covered by earnings (2.6x coverage).
- Onward Technologies's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
- Dividend payments have increased, but Onward Technologies only paid a dividend in the past 4 years.
- Whilst dividend payments have been stable, Onward Technologies has been paying a dividend for less than 10 years.
- Onward Technologies's dividend is below the markets top 25% of dividend payers in India (3.08%).
health
- Onward Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Onward Technologies is profitable, therefore cash runway is not a concern.
- Onward Technologies is profitable, therefore cash runway is not a concern.
- Debt is well covered by operating cash flow (159.3%, greater than 20% of total debt).
- Debt is covered by short term assets, assets are 4.6x debt.
- Onward Technologies's cash and other short term assets cover its long term commitments.
- The level of debt compared to net worth has been reduced over the past 5 years (92.7% vs 26.5% today).
- Interest payments on debt are well covered by earnings (EBIT is 3.5x coverage).
- Onward Technologies's level of debt (26.5%) compared to net worth is satisfactory (less than 40%).
- Low level of unsold assets.
management
- The tenure for the Onward Technologies board of directors is about average.
- Jigar's compensation has been consistent with company performance over the past year, both up more than 20%.
- More shares have been bought than sold by Onward Technologies individual insiders in the past 3 months.
- Jigar's remuneration is higher than average for companies of similar size in India.
- The average tenure for the Onward Technologies management team is less than 2 years, this suggests a new team.
misc
- Onward Technologies is not covered by any analysts.
- Onward Technologies has significant price volatility in the past 3 months.
past
- Onward Technologies has delivered over 20% year on year earnings growth in the past 5 years.
- Onward Technologies has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
- Onward Technologies's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Onward Technologies used its assets less efficiently than the IN IT industry average last year based on Return on Assets.
- Onward Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Onward Technologies's 1-year earnings growth is negative, it can't be compared to the IN IT industry average.
value
- Onward Technologies's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Onward Technologies's share price is below the future cash flow value, and at a substantial discount (> 40%).
- NSEI:ONWARDTEC is up 31% outperforming the IT industry which returned 8.5% over the past month.
- NSEI:ONWARDTEC is up 31% outperforming the market in India which returned 8% over the past month.
- Onward Technologies is overvalued based on assets compared to the IN IT industry average.
- Onward Technologies is overvalued based on earnings compared to the IN IT industry average.
- Onward Technologies is overvalued based on earnings compared to the India market.
- ONWARDTEC underperformed the IT industry which returned -10.1% over the past year.
- ONWARDTEC underperformed the Market in India which returned -14.5% over the past year.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800