Onward Technologies Limited

NSE: ONWARDTEC · IT Enabled Services

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52W Range₹208 – ₹496

Snapshot

Unlock Onward Technologies Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Onward Technologies Limited is an IT consulting and engineering services firm specialising in mechanical engineering design, embedded systems, and digital transformation. The company serves a diverse client base across the automotive, manufacturing, semiconductor, and medical technology sectors.

Business Model

The company generates revenue by providing specialised engineering technology, data analytics, and enterprise IT services to global clients. It operates as a service provider, delivering digital engineering and embedded electronics solutions through project-based and managed service engagements.

  • Incorporation Year:1991

Growth Outlook

Growth is driven by the increasing demand for digital transformation, artificial intelligence, and machine learning integration within the manufacturing and automotive industries. The company continues to expand its footprint in embedded systems and engineering technology to capture emerging opportunities in the ICT and semiconductor sectors.

Key Risks

  • Client Concentration. Significant reliance on specific industrial sectors like automotive and manufacturing makes the company vulnerable to cyclical downturns in those industries.
  • Talent Retention. The highly competitive IT services market in India poses a risk to maintaining a skilled workforce capable of delivering complex engineering and digital solutions.
  • Geopolitical and Currency Risk. As an international service provider, the company is exposed to fluctuations in foreign exchange rates and geopolitical instability in its key operating markets.
  • Technological Obsolescence. Failure to continuously innovate and adapt to rapid advancements in AI, machine learning, and embedded technologies could lead to a loss of market competitiveness.

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Key Metrics

REVENUE

₹591 Cr

TTM · consolidated

+13.1%YoY

NET PROFIT

₹48 Cr

TTM · consolidated

+15.7%YoY

EPS

₹21.41

TTM · consolidated

+18.2%YoY

RETURN ON EQUITY

19.9%

TTM · consolidated

+2.2 ppYoY

RETURN ON CAPITAL EMPLOYED

22.7%

TTM · consolidated

+2.7 ppYoY

P/E

17.0×

Q2 FY27 · consolidated

17.0 vs 38.2x5Y avg

EV/EBITDA

8.9x

Q2 FY27 · consolidated

8.9 vs 17.5x5Y avg

EBITDA MARGIN

14.5%

TTM · consolidated

+1.2 ppYoY

NET PROFIT MARGIN

9.9%

Q2 FY27 · consolidated

+1.3 ppYoY

DEBT TO EQUITY

0.0x

Q2 FY27 · consolidated

+0.00xYoY

Peers · IT Enabled Services

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Onward Technologies LimitedONWARDTEC
₹812 Cr17.0×8.8913.1%14.5%19.9%22.7%+20.0%
Excelsoft Technologies LimitedEXCELSOFT
₹882 Cr17.7×8.62—31.9%8.1%10.2%—
Orient Technologies LimitedORIENTTECH
₹874 Cr-635.8×19.39-5.7%5.3%-0.8%0.9%-58.8%
Unified Data Tech Solutions LimitedUNIFIED
₹870 Cr———14.0%——-10.3%
String MetaverseMETA
₹773 Cr1.3×5.19—11.4%36.6%36.2%-97.9%
SRIT India LimitedSRIT
₹770 Cr———14.0%———

As of Q2 FY27

Financials