ONWARDTEC · Onward Technologies Ltd · Software & Programming
ONWARDTEC · Onward Technologies Ltd · Software & Programming
As of 06 Nov close
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 53 days old
Revenue (latest Q)
₹149 Cr
Revenue YoY
PAT YoY
-12.3%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
2.5
P/S (TTM)
1.1
Sector P/E
25.5
Dividend yield
+2.8%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| ONWARDTEC (this stock) | 15.1 | 2.5 | +7.6% | +16.9% | 0.16 | +2.8% |
| Tata Consultancy Services | 15.7 | 7.7 | +18.1% | +48.0% | 8.93 | +2.9% |
| Infosys | 13.5 | 6.1 | +16.4% | +33.2% | 0.1 | +4.6% |
| HCL Technologies | 16.7 | 7.4 | +13.0% | +23.2% | 0.07 | +5.0% |
Promoter
falling 1q
FII
stable
MF
1.45% (0.00pp)
stable
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
| date | canonicalSymbol | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| 2026-10-19 | ONWARDTEC | 134025 | 1 | WEAK | BULK |
| 2026-10-16 | ONWARDTEC | 270024 | 2 | STRONG | BULK |
| 2026-07-16 | ONWARDTEC | 745233 | 4 | WEAK | BULK |
| 2026-06-26 | ONWARDTEC | 2479525 | 8 | WEAK | BULK |
| 2026-06-25 | ONWARDTEC | 2479525 | 8 | WEAK | BULK |
News timeline
- lowgurufocus.com· 20 Oct 2026, 06:18 amQ2 2027 Onward Technologies Ltd Earnings Call Transcript
Concalls & investor presentations
AI-generatedKey takeaway: Onward Technologies Limited reported Q2 and H1 FY27 results with revenue of INR170.2 crores, a 22.4% Y-o-Y growth and 13.9% sequential growth. Total income was INR171.2 crores, with EBITDA rising 33.7% YoY to INR26.6 crores and margins expanding to 15.6%. PAT increased 41.2% YoY to INR16.8 crores. Management attributed growth to deeper customer engagement, improved utilization, productivity, and offshore execution. A key highlight was a 3-year contract renewal with a global construction and mining equipment leader, valued at INR44.5 crores, a 70% increase from the previous term. The company raised FY27 revenue guidance to 15-18% growth and EBITDA margins to 13.8-14.3%. Management emphasized long-term value creation, offshore leverage, and expanding customer wallet share. They noted increased hiring in India's delivery centers and participation in large RFPs. Unbilled receivables increased due to delayed POs and customer payments, but management expects normalization in Q3 and Q4. The company also mentioned an R&D credit of INR2.9 crores for FY26 and a new AI lab in Chennai expected to be operational by Q4 2027. Management discussed challenges with U.S. visa regulations and the need for capacity building, while expressing confidence in sustainable growth and scaling.
The document highlights strong revenue and margin growth, contract renewals, and positive outlook for future expansion.
Sourced from an exchange-filed transcript, dated 26 Oct 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Onward Technologies Limited reported strong financial performance for FY26, achieving record revenue of INR 550 crores, a year-on-year growth of 10.5%, and an EBITDA of INR 71.9 crores, reflecting a 60.9% increase. Management highlighted improved gross margins at 13.2% and strong cash flows, with operating cash flows reaching INR 127.3 crores. The company maintained a stable headcount of approximately 2,485 employees while focusing on key clients, with the top 25 customers contributing 88% of revenues. Management noted the importance of their 3x3 vertical strategy and ongoing investments in digital and AI capabilities. They announced an increase in the dividend to INR 8 per share, marking the 11th consecutive year of dividends. Management expressed confidence in sustaining double-digit revenue and EBITDA growth, emphasizing the company's focus on deepening client relationships and expanding capabilities in engineering services.
Management emphasized strong financial results and growth potential.
Sourced from an exchange-filed transcript, dated 11 May 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedOnward Technologies Limited (ONWARDTEC) reported FY2024-25 financials with a focus on revenue recognition as a key audit matter. The company adheres to corporate governance norms and has no material regulatory penalties or defaults noted. It maintains a robust CSR policy, with initiatives in education and natural resource conservation. The auditor highlighted revenue recognition risks but found no material misstatements. The company has no overdue statutory dues or liquidity issues, and no defaults under the Insolvency and Bankruptcy Code. Management discusses future growth in digital and ER&D services.
- Revenue recognition is a key audit matter due to inherent risks in time and material contracts.
- No material regulatory penalties, defaults, or liquidity issues were reported.
- CSR initiatives focused on education and natural resource conservation.
- No overdue statutory dues or insolvency proceedings noted.
- Auditor found no material misstatements in financial statements.
Key takeaway: Onward Technologies maintains compliance and governance standards with no major financial or regulatory risks, though revenue recognition remains a critical audit focus.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
2 occurrencesEarlier (1-3 years ago)
During FY 2022-23, the company was levied a penalty by stock exchanges for non-compliance with the composition of NRC.
During FY 2022-23, the company was levied a penalty by stock exchanges for non-compliance with the composition of NRC.
Routine disclosures
Contingent Liability
2 occurrencesRecent (last 12 months)
The company has a contingent liability of USD 4.20 lakhs (approx. 394.68 lakhs) related to ongoing legal proceedings against a former employee involving a subsidiary, Onward Technologies Inc., where the likelihood of an adverse outcome is not considered probable.
Earlier (1-3 years ago)
The company has contingent liabilities related to income tax demands for assessment years 2022-23 and 2023-24, with appeals filed before the Commissioner of Income Tax (Appeals).
Related-Party Transaction
1 occurrenceEarlier (1-3 years ago)
Onward Technologies Limited made a donation of ₹15 Lakhs (increased from ₹10 Lakhs as of March 31, 2024) to a trust in which a director is interested.
Statutory dues in dispute
2 occurrencesRecent (last 12 months)
The company has statutory dues relating to Goods and Service Tax and Income-Tax which have not been deposited on account of disputes, with amounts not paid and pending at various forums.
Earlier (1-3 years ago)
The company has undisputed statutory dues for Goods and Service Tax and Income Tax for specific periods, with disputes pending before tax authorities in Mumbai and Tamil Nadu.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
1.52% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).