Onward Technologies Ltd.

NSE: ONWARDTEC BSE: 517536 SECTOR: IT - Software  21k   191   12

286.70
-1.20 (-0.42%)
NSE: 29 Mar 4:00 PM

Price Summary

Today's High

₹ 289.05

Today's Low

₹ 273

52 Week High

₹ 428.15

52 Week Low

₹ 222

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

639.49 Cr.

Enterprise Value

589.82 Cr.

No. of Shares

2.23 Cr.

P/E

55.69

P/B

4.24

Face Value

₹ 10

Div. Yield

1.05 %

Book Value (TTM)

₹  67.63

CASH

50.27 Cr.

DEBT

0.6 Cr.

Promoter Holding

45.43 %

EPS (TTM)

₹  5.15

Sales Growth

35.75%

ROE

8.62 %

ROCE

12.58%

Profit Growth

-26.39 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year35.75%
3 Year25.64%
5 Year20.3%

Profit Growth

1 Year-26.39%
3 Year-0.09%
5 Year25.69%

ROE%

1 Year8.62%
3 Year12.52%
5 Year11.96%

ROCE %

1 Year12.58%
3 Year17.89%
5 Year16.44%

Debt/Equity

0.0041

Price to Cash Flow

156.65

Interest Cover Ratio

13.8573686290004

CFO/PAT (5 Yr. Avg.)

1.90977574838234

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 45.43 0
Sep 2022 45.52 0
Jun 2022 45.69 0
Mar 2022 45.79 0
Dec 2021 45.97 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The Company is Virtually Debt Free.
  • The company has delivered good Income growth over the past 3 years of 25.6394680585363%.

 Limitations

  • The company has delivered poor profit growth of -0.0906327659244144% over past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
Net Sales 59.56 66.54 69.13 76.76 81.26
Total Expenditure 53.94 59.78 65.17 73.41 74.68
Operating Profit 5.62 6.76 3.95 3.34 6.58
Other Income 0.78 1.9 2.94 2.01 1.99
Interest 0.26 0.31 0.42 0.43 0.42
Depreciation 2.23 2.62 3.02 3.18 3.3
Exceptional Items 0 0 0 0 0
Profit Before Tax 3.91 5.73 3.45 1.75 4.85
Tax 0.97 1.83 0.6 0.54 1.33
Profit After Tax 2.94 3.9 2.85 1.21 3.52
Adjusted EPS (Rs) 1.34 1.77 1.29 0.55 1.58

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 106.58 118.19 180.56 172.67 234.4
Total Expenditure 103.01 103.18 166.03 153.06 216.76
Operating Profit 3.57 15.01 14.53 19.61 17.64
Other Income 6.52 5.02 6.52 8.46 5.6
Interest 2.18 2.07 3.29 2.08 1.01
Depreciation 4.56 4.81 10.19 9.28 9.21
Exceptional Items 0 0 0 0 0
Profit Before Tax 3.35 13.14 7.56 16.71 13.02
Provision for Tax 1.15 3.79 2.15 4.04 3.69
Net Profit 2.2 9.35 5.42 12.67 9.32
Adjusted EPS (Rs.) 1.42 5.92 3.38 7.75 4.23

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 15.54 15.8 16.04 16.34 22.02
Total Reserves 36.32 45.39 45.47 57.31 126.15
Borrowings 1.3 0.07 0 0.6 0.5
Other N/C liabilities 1.99 6.03 13.77 11.4 15.35
Current liabilities 37.36 34.65 43.4 32.87 50.97
Total Liabilities 92.51 101.93 118.68 118.52 214.99
Assets
Net Block 12.67 13.03 25.63 28.55 38.12
Capital WIP 0 0 0 0 0
Intangible WIP 0.11 0.18 0 0.08 0
Investments 39.42 38.83 12.14 12.14 32.02
Loans & Advances 12.26 16.59 25.86 17.56 23.36
Other N/C Assets 0.1 0.36 0.11 0.03 1.09
Current Assets 27.96 32.95 54.95 60.18 120.4
Total Assets 92.51 101.93 118.68 118.52 214.99
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 3.35 13.14 7.56 16.71 13.02
Adjustment 7.73 6.89 13.48 9.63 10.73
Changes in Assets & Liabilities -1.38 -8.21 14.37 -4.2 -10.33
Tax Paid -3.13 -4.46 -5.69 4.55 -9.33
Operating Cash Flow 6.56 7.36 29.72 26.68 4.08
Investing Cash Flow -4.67 -2.7 -3 -7.73 -33.54
Financing Cash Flow -8.17 -4.32 -21.68 -14.57 57.03
Net Cash Flow -6.27 0.33 5.04 4.38 27.58

Corporate Actions

Investors Details

PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Promoters 45.97 45.79 45.69 45.52 45.43
onward network tec... 38.25 38.10 38.02 37.87 37.80
jigar harish mehta 2.63 2.62 2.61 2.60 2.60
desai finwealth in... - - - - -
desai finwealth in... 2.32 2.31 2.30 2.30 2.29
heral harish mehta 1.11 1.10 1.10 1.10 1.10
harish shantilal m... 0.99 0.98 0.98 0.98 0.98
prachi mehta 0.68 0.68 0.67 0.68 0.68
PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Investors 54.03 54.21 54.31 54.48 54.57
infinity direct ho... - - - 24.38 24.33
prabhudas lilladha... - - - - -
prabhudas lilladhe... - - - - -
meghani parish arun - - - - -
parish arun meghani 1.30 - 1.44 1.44 1.44
il and fs securiti... - - - - -
llp 0.32 0.84 - 1.05 -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Onward Technologies informs about disclosure29 Mar 2023, 4:28PM Onward Technologies informs about disclosure29 Mar 2023, 1:40PM Onward Technologies - Quaterly Results20 Jan 2023, 1:44PM Onward Technologies - Quaterly Results20 Jan 2023, 1:44PM Onward Technologies - Quaterly Results20 Jan 2023, 1:44PM Onward Technologies informs about board meeting intimation13 Jan 2023, 4:54PM Onward Technologies informs about resignation of CFO3 Dec 2022, 2:34PM Onward Technologies informs about newspapers publication 22 Oct 2022, 12:02PM Onward Technologies informs about outcome of board meeting 21 Oct 2022, 2:16PM Onward Technologies - Quaterly Results21 Oct 2022, 1:19PM Onward Technologies - Quaterly Results21 Oct 2022, 1:19PM Onward Technologies - Quaterly Results21 Oct 2022, 1:19PM Onward Technologies informs about voting for AGM20 Jul 2022, 12:42PM Onward Technologies reports 88% fall in Q1 consolidated net profit18 Jul 2022, 3:41PM Onward Technologies - Quaterly Results18 Jul 2022, 12:53PM Onward Technologies - Quaterly Results18 Jul 2022, 12:53PM Onward Technologies - Quaterly Results18 Jul 2022, 12:53PM Onward Technologies informs about earnings call transcript18 May 2022, 5:12PM Onward Technologies informs about disclosure17 May 2022, 5:04PM Onward Technologies - Quaterly Results13 May 2022, 2:21PM Onward Technologies - Quaterly Results13 May 2022, 2:21PM Onward Technologies - Quaterly Results13 May 2022, 2:21PM Onward Technologies informs about investor meet10 May 2022, 3:38PM Onward Technologies informs about board meeting5 May 2022, 1:36PM Onward Technologies informs about compliances-certificate12 Apr 2022, 3:00PM Onward Technologies informs about trading window closure30 Mar 2022, 2:13PM Onward Technologies informs about analyst meet7 Mar 2022, 12:40PM Onward Technologies inform about earnings presentation15 Jan 2022, 11:49AM Onward Technologies reports 2- fold jump in Q3 consolidated net profit14 Jan 2022, 3:52PM Onward Technologies - Quaterly Results14 Jan 2022, 2:29PM Onward Technologies - Quaterly Results14 Jan 2022, 2:29PM Onward Technologies - Quaterly Results14 Jan 2022, 2:29PM Onward Technologies informs about acquisition3 Dec 2021, 4:20PM Onward Technologies acquires NV Pune Technology Park3 Dec 2021, 12:29PM Onward Technologies gets nod to acquire entire stake in NV Pune Technology Park25 Nov 2021, 10:08AM Onward Technologies informs about earnings presentation25 Oct 2021, 3:32PM Onward Technologies informs about earning conference call22 Oct 2021, 3:13PM Onward Technologies informs about outcome of board meeting22 Oct 2021, 3:10PM Onward Technologies - Quaterly Results22 Oct 2021, 2:15PM Onward Technologies informs about board meeting14 Oct 2021, 11:24AM Onward Technologies informs about compliance certificate7 Oct 2021, 3:50PM Onward Technologies informs about allotment of equity shares 4 Oct 2021, 3:59PM Onward Technologies informs about outcome of board meeting 15 Jul 2021, 3:35PM Onward Technologies informs about unaudited financial results15 Jul 2021, 2:08PM Onward Technologies gets nod to form wholly owned subsidiary in Netherlands 7 Jun 2021, 10:17AM Onward Technologies informs about incorporation of wholly owned subsidiary 5 Jun 2021, 12:38PM Onward Technologies incorporates wholly owned subsidiary2 Jun 2021, 4:00PM Onward Technologies gets nod to raise Rs 70 crore 27 May 2021, 10:31AM Onward Technologies informs about board meeting7 May 2021, 10:38AM Onward Technologies informs about investor presentation5 Mar 2021, 4:58PM

Onward Technologies Stock Price Analysis and Quick Research Report. Is Onward Technologies an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Onward Technologies has a PE ratio of 55.7627316163617 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Onward Technologies has ROA of 5.59185089437052 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Onward Technologies has a Current ratio of 2.36237798597145 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Onward Technologies has a ROE of 8.61776415746495 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Onward Technologies has a D/E ratio of 0.0041 which means that the company has low proportion of debt in its capital.

  • Sales growth: - Onward Technologies has reported revenue growth of 35.7495806962758 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Onward Technologies for the current financial year is 7.52520318266174 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Onward Technologies is Rs 3 and the yield is 1.0502 %.

Brief about Onward Technologies

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