Onward Technologies Ltd

Onward Technolog Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Onward Technologies Ltd

₹ 460 1.35%
26 Jul - close price
onwardgroup.com BSE: 517536 NSE: ONWARDTEC
About

Incorporated in 1991, Onward Technology
Ltd is in the business of Mechanical Engineering Design and IT Services[1]

Key Points

Business Overview:[1]
OTL is an ISO 9001 TUV Nord and Tusax certified software outsourcing company specializing in Digital & Data Engineering, Electronics & Embedded Engineering, and ER&D services. Company is headquartered in Mumbai, with a global presence in ~13 countries including North America, Europe, and offshore delivery centres in India

Website BSE NSE
  • Market Cap ₹ 1,040 Cr.
  • Current Price ₹ 460
  • High / Low ₹ 740 / 334
  • Stock P/E 36.2
  • Book Value ₹ 83.3
  • Dividend Yield 1.09 %
  • ROCE 19.6 %
  • ROE 15.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 24.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 50.9%

Cons

  • Stock is trading at 5.52 times its book value
  • Company has a low return on equity of 12.0% over last 3 years.
  • Promoter holding has decreased over last 3 years: -19.6%
  • Working capital days have increased from 67.0 days to 98.3 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: IT - Software Industry: Computers - Software - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
51.59 56.71 59.56 66.54 69.13 76.76 81.26 88.02 84.49 87.09 85.19 89.18 89.55
51.08 51.97 53.94 59.78 65.18 73.42 74.68 74.83 73.28 75.37 75.34 80.66 77.97
Operating Profit 0.51 4.74 5.62 6.76 3.95 3.34 6.58 13.19 11.21 11.72 9.85 8.52 11.58
OPM % 0.99% 8.36% 9.44% 10.16% 5.71% 4.35% 8.10% 14.99% 13.27% 13.46% 11.56% 9.55% 12.93%
1.04 1.88 0.78 1.90 2.94 2.01 1.99 2.10 1.22 2.51 3.25 3.31 2.67
Interest 0.22 0.22 0.26 0.31 0.42 0.43 0.42 0.39 0.34 0.31 0.28 0.51 0.65
Depreciation 2.17 2.19 2.23 2.62 3.02 3.18 3.30 3.21 3.19 3.20 3.25 3.25 3.41
Profit before tax -0.84 4.21 3.91 5.73 3.45 1.74 4.85 11.69 8.90 10.72 9.57 8.07 10.19
Tax % -25.00% 26.37% 24.81% 31.94% 17.10% 31.03% 27.42% 25.49% 25.39% 25.47% 26.02% 25.28% 25.42%
-0.61 3.10 2.94 3.90 2.85 1.21 3.52 8.71 6.63 7.99 7.08 6.02 7.61
EPS in Rs -0.35 1.76 1.34 1.77 1.29 0.55 1.58 3.90 2.96 3.56 3.15 2.67 3.37
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
67 74 87 89 93 107 118 181 173 234 315 346 351
58 61 77 79 88 103 103 166 153 217 287 305 309
Operating Profit 9 12 10 10 5 4 15 15 20 18 28 41 42
OPM % 13% 17% 11% 11% 5% 3% 13% 8% 11% 8% 9% 12% 12%
2 1 0 1 7 7 5 7 8 5 8 10 12
Interest 2 2 2 2 2 2 2 3 2 1 2 1 2
Depreciation 3 3 5 3 4 5 5 10 9 9 13 13 13
Profit before tax 5 8 3 6 5 3 13 8 17 13 22 37 39
Tax % 29% 30% 42% 81% 44% 34% 29% 28% 24% 28% 25% 26%
4 6 2 1 3 2 9 5 13 9 16 28 29
EPS in Rs 2.72 3.94 1.19 0.72 1.95 1.42 5.92 3.38 7.75 4.23 7.30 12.31 12.75
Dividend Payout % 0% 0% 0% 138% 51% 71% 25% 44% 39% 71% 41% 41%
Compounded Sales Growth
10 Years: 17%
5 Years: 24%
3 Years: 26%
TTM: 6%
Compounded Profit Growth
10 Years: 17%
5 Years: 24%
3 Years: 30%
TTM: 43%
Stock Price CAGR
10 Years: 22%
5 Years: 49%
3 Years: 23%
1 Year: -21%
Return on Equity
10 Years: 11%
5 Years: 12%
3 Years: 12%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 14 14 15 15 15 16 16 16 16 22 22 23
Reserves 19 26 28 28 34 36 45 45 57 126 139 165
15 18 14 19 17 18 17 22 10 18 15 26
21 20 24 30 20 21 19 34 34 48 42 47
Total Liabilities 69 78 80 92 86 92 98 118 117 214 218 261
10 11 11 10 14 13 13 26 29 38 35 44
CWIP 0 0 0 0 0 0 0 0 0 0 0 1
Investments 27 28 28 28 39 39 39 12 12 32 33 33
32 39 41 54 32 39 46 80 76 144 150 183
Total Assets 69 78 80 92 86 92 98 118 117 214 218 261

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
7 4 12 -1 10 7 7 30 27 4 4 67
-4 -5 -5 -2 -4 -5 -3 -3 -8 -34 5 -62
-3 2 -6 3 -1 -8 -4 -22 -15 57 -15 -17
Net Cash Flow -0 0 0 0 5 -6 0 5 4 28 -6 -12

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 63 68 50 52 65 65 66 68 60 72 98 74
Inventory Days
Days Payable
Cash Conversion Cycle 63 68 50 52 65 65 66 68 60 72 98 74
Working Capital Days -6 -1 -23 4 -11 11 37 23 38 40 63 98
ROCE % 16% 20% 9% 13% 12% 8% 20% 13% 22% 11% 13% 20%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
57.33% 45.97% 45.79% 45.69% 45.51% 45.43% 45.21% 45.07% 44.96% 38.15% 38.12% 38.02%
0.01% 0.22% 0.03% 0.00% 24.38% 0.01% 0.00% 0.06% 0.09% 2.14% 2.50% 1.64%
0.72% 0.54% 0.25% 0.24% 0.23% 0.31% 0.55% 0.87% 0.84% 6.15% 7.65% 7.58%
41.95% 53.28% 53.93% 54.07% 29.87% 54.25% 54.24% 54.02% 54.12% 53.56% 51.73% 52.75%
No. of Shareholders 11,79511,24211,57111,55211,62310,91110,68112,13314,27815,36516,93119,327

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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