ONWARDTEC
UNDERVALUEDOnward Technologies Limited
IT · NSE
↑ 60.5% vs fair value
52W Low
₹208
+25.2% from low
52W High
₹385
-32.3% from high
Valuation Gauge
Current Price
₹261
Fair Value
₹659
Fair Value Analysis
₹659
Based on free cash flow projections and earnings growth potential for IT sector companies | Sector-cheap: P/E at 13th percentile vs sector peers. | ROCE improving (latest 17.5%) — capital allocation becoming more efficient.
Cash Flow Analysis
50% weight
Growth Valuation
50% weight
Price vs Market
Shareholding Pattern
Stock Health Score
Financially Healthy
Profitability
ROE of 19.3% is acceptable for IT sector (benchmark: 20%)
Debt & Leverage
D/E ratio of 0.2x is well within the IT sector norm of 0.8x — strong balance sheet
Valuation vs Peers
P/E of 13.8x trades at a 74% discount to IT sector median (53x) — attractively valued
Cash Flow
FCF margin of 5.7% — healthy cash generation (₹28 Cr)
Earnings Growth
5yr EPS CAGR of 4.6% is well below IT sector average of 14.2%
Dividend
Dividend yield of 1.9% provides strong shareholder returns (benchmark: 1.5%)
Company Health Timeline
10-year financial health at a glance
Sentiment Trend — Last 30 Days
Historical Returns
Key Ratios & Growth
FCF Yield
7.0%
Free cash flow / market cap
Revenue Growth (YoY)
+7.7%
Year-on-year revenue change
Profit Growth (YoY)
-8.3%
Year-on-year PAT change
Operating Cash Flow
₹65 Cr
TTM cash from operations
Key Financials
EPS (TTM)
₹19.5
P/E Ratio
13.9x
P/B Ratio
2.4x
ROE
19.3%
ROCE
15%
Debt / Equity
0.17x
Beta
0.78
Div Yield
1.9%
FCF (Cr)
₹28 Cr
Revenue (Cr)
₹491 Cr
EPS Growth 5Y
4.6%
Mkt Cap (Cr)
₹610 Cr
52W High
₹385
52W Low
₹208.3
Book Value/Share
₹111.3
Financial History
| Period | Revenue | Op Profit | OPM% | PAT | EPS |
|---|---|---|---|---|---|
| 2026-03-31 | ₹544 Cr | ₹72 Cr | 13.0% | ₹44 Cr | ₹19.48 |
| 2025-03-31 | ₹491 Cr | ₹45 Cr | 9.0% | ₹27 Cr | ₹11.94 |
| 2024-03-31 | ₹472 Cr | ₹52 Cr | 11.0% | ₹34 Cr | ₹15.06 |
| 2023-03-31 | ₹441 Cr | ₹27 Cr | 6.0% | ₹11 Cr | ₹5.15 |
| 2022-03-31 | ₹307 Cr | ₹22 Cr | 7.0% | ₹24 Cr | ₹10.75 |
| 2021-03-31 | ₹240 Cr | ₹17 Cr | 7.0% | ₹7 Cr | ₹4.49 |
| 2020-03-31 | ₹272 Cr | ₹23 Cr | 9.0% | ₹6 Cr | ₹3.89 |
| 2019-03-31 | ₹261 Cr | ₹22 Cr | 9.0% | ₹10 Cr | ₹6.41 |
| 2018-03-31 | ₹244 Cr | ₹11 Cr | 5.0% | ₹7 Cr | ₹4.32 |
| 2017-03-31 | ₹224 Cr | ₹11 Cr | 5.0% | ₹4 Cr | ₹2.70 |
| 2016-03-31 | ₹198 Cr | ₹14 Cr | 7.0% | ₹3 Cr | ₹2.14 |
| 2015-03-31 | ₹189 Cr | ₹13 Cr | 7.0% | ₹3 Cr | ₹2.00 |
Compounded Growth Rates
Sales Growth
Profit Growth
EPS Growth
Peer Comparison
IT| Stock | Price | Fair Value | MoS% | P/E | ROE | Signal |
|---|---|---|---|---|---|---|
Dolat Algotech Limited | ₹75.1 | ₹541.9 | +86.2% | 11.2 | 20.4% | UNDERVALUED |
Ceinsys Tech Limited | ₹907 | ₹4,257.5 | +78.7% | 15.9 | 24.6% | UNDERVALUED |
Radhika Jeweltech Limited | ₹58 | ₹247.9 | +76.6% | 8.3 | 18.7% | UNDERVALUED |
Shilchar Technologies Limited | ₹4,090 | ₹14,370.8 | +71.5% | 29 | 37.8% | UNDERVALUED |
Kellton Tech Solutions Limited | ₹15.3 | ₹50 | +69.5% | 8.7 | 12.7% | UNDERVALUED |
Onward Technologies Limited | ₹260.7 | ₹659.2 | +60.5% | 13.9 | 19.3% | UNDERVALUED |
Cigniti Technologies Limited | ₹1,260.1 | ₹2,957.1 | +57.4% | 11.5 | 26.8% | UNDERVALUED |
Ducon Infratechnologies Limited | ₹3.4 | ₹6.6 | +48.9% | 8.5 | 10.1% | UNDERVALUED |
Institutional Activity
Bulk deals, block deals, short selling & delivery volume — NSE data
Insider Trading
Community Pulse
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