Onward Technologies Ltd.

BSE: ONWARDTEC517536ISIN INE229A01017

Information Technology
IT Enabled Services
BSE Information Technology

Share price

₹370.10+15.85 (+4.47%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹494.90
52W low: ₹207.65
Off 52W high: -25.22%
1M return: +26.57%
3M return: +31.78%
6M return: +50.91%
1Y return: +22.83%
20D avg volume: 45,441
50 DMA: ₹323.81
200 DMA: ₹285.16

Key ratios Consolidated

Market cap: ₹823.45 Cr
Current price: ₹370.10
52W high / low: ₹494.90 / ₹207.65
Face value: ₹10.00
P/E: 17.30
P/B: 3.29
EPS (TTM): ₹21.39
Book value / share: ₹112.47
ROE: —
ROCE: 20.10%
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹-36.86 Cr
Interest cover: 20.74
Dividend yield: 2.16%
Dividend / share (TTM): ₹8.00
Payout: 37.40%
Cash conversion cycle: 72.5 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	170.18	149.43	137.12	134.62	138.97	133.15	127.29	123.39	123.04	117.60	118.44	114.09
	1.04	1.73	1.92	1.52	1.13	2.47	2.69	1.13	1.56	1.82	2.82	4.11
	171.22	151.16	139.04	136.14	140.10	135.62	129.98	124.52	124.61	119.42	121.26	118.19
	149.10	136.38	126.89	119.84	124.27	119.69	117.41	116.07	119.00	109.74	112.25	108.36
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	118.14	109.26	102.02	97.99	97.68	98.13	98.01	94.91	97.98	89.22	91.39	89.58
	0.69	0.68	0.71	0.71	0.96	0.50	0.53	0.59	0.59	0.51	0.34	0.31
	4.76	4.64	4.36	4.04	4.21	3.18	3.44	3.30	3.33	3.32	3.12	3.31
	25.50	21.80	19.79	17.10	21.42	17.88	15.43	17.27	17.11	16.68	17.39	15.17
	22.12	14.78	12.15	16.30	15.83	15.92	12.57	8.45	5.60	9.68	9.01	9.83
	0.00	0.00	0.00	-3.15	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	22.12	14.78	12.15	13.14	15.83	15.92	12.57	8.45	5.60	9.68	9.01	9.83
	5.35	3.61	2.60	3.04	3.89	3.19	2.16	2.41	2.06	2.59	2.32	3.04
	16.77	11.17	9.55	10.10	11.94	12.73	10.41	6.04	3.54	7.09	6.68	6.79
	7.65	5.00	4.26	4.50	5.26	5.61	4.59	2.66	1.57	3.14	2.97	3.02
Key metrics
	27.57	20.10	17.22	17.89	21.00	19.60	16.54	12.34	9.52	13.51	12.47	13.45
	16.20%	13.50%	12.60%	13.30%	15.10%	14.70%	13.00%	10.00%	7.70%	11.50%	10.50%	11.80%
	9.90%	7.50%	7.00%	7.50%	8.60%	9.60%	8.20%	4.90%	2.90%	6.00%	5.60%	6.00%
	7.70%	—	4.30%	—	6.10%	—	5.10%	—	—	—	—	—
	22.50%	12.20%	7.70%	9.10%	12.90%	13.20%	7.50%	8.20%	—	—	—	—
	40.50%	-12.30%	-8.30%	67.20%	237.30%	79.50%	55.80%	-11.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	591.35	543.85	491.32	472.39	440.93	307.27
	6.21	7.04	7.21	7.27	5.40	21.53
	597.56	550.89	498.53	479.66	446.33	328.80
	532.21	490.69	462.23	434.51	428.30	296.97
	0.00	0.00	0.00	—	—	0.01
	0.00	0.00	0.00	—	—	—
	427.41	395.82	380.12	357.65	353.09	238.81
	2.79	2.89	2.22	1.34	1.66	1.01
	17.80	15.80	13.39	12.97	12.98	10.11
	84.19	76.18	66.50	62.55	60.56	47.03
	65.35	60.20	36.30	45.16	18.03	31.83
	-3.15	-3.15	0.00	0.00	0.00	0.00
	62.19	57.05	36.30	45.16	18.03	31.83
	14.60	12.72	9.22	11.24	6.55	8.15
	47.59	44.32	27.08	33.92	11.48	23.68
	21.41	19.64	11.97	15.13	5.18	12.62
Key metrics
	82.78	75.74	51.91	59.47	32.67	42.95
	14.00%	13.90%	10.60%	12.60%	7.40%	14.00%
	8.05%	8.10%	5.50%	7.20%	2.60%	7.70%
	—	20.10%	15.00%	—	—	—
	13.11%	10.70%	4.00%	7.10%	43.50%	—
	15.73%	63.70%	-20.20%	195.50%	-51.50%	—
	—	47.03	29.14	—	—	—
	—	1.47	1.16	—	—	—
	—	0.00	0.00	—	—	—
	—	-36.86	-24.34	—	—	—
	—	72.5	74.4	—	—	—
Balance sheet
	—	370.57	313.76	—	—	—
	—	263.02	218.68	—	—	—
	—	36.86	24.34	—	—	—
	—	120.00	109.41	—	—	—
	—	0.00	0.00	—	—	—
	—	14.62	14.75	—	—	—
	—	85.15	62.51	—	—	—
	—	11.92	9.30	—	—	—
	—	71.80	56.48	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	253.51	224.30	—	—	—
Cash flow
	—	65.08	31.52	—	—	—
	—	-21.58	-17.18	—	—	—
	—	-31.32	-21.22	—	—	—
	—	18.05	2.38	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	128.93	112.08	103.35	101.86	108.25	103.32	99.30	96.50	95.73	89.55	89.18	85.19
	1.72	2.69	2.36	2.19	1.82	2.70	3.30	2.44	2.77	2.67	3.31	4.57
	130.65	114.77	105.71	104.04	110.07	106.02	102.60	98.94	98.51	92.22	92.49	89.76
	109.90	102.33	97.37	92.69	96.26	93.51	96.04	90.40	90.83	82.03	84.43	80.19
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	87.94	80.83	77.31	74.53	74.56	74.77	76.05	72.09	72.95	64.87	65.92	65.93
	0.76	0.76	0.81	0.81	1.09	0.62	0.65	0.70	0.70	0.65	0.51	0.28
	4.89	4.78	4.52	4.28	4.45	3.29	3.42	3.36	3.39	3.41	3.25	3.25
	16.30	15.96	14.74	13.06	16.17	14.83	15.91	14.25	13.78	13.10	14.75	10.73
	20.75	12.44	8.33	11.36	13.82	12.51	6.55	8.53	7.68	10.19	8.07	9.57
	0.00	0.00	0.00	-3.15	0.00	0.00	0.00	—	—	—	—	—
	20.75	12.44	8.33	8.20	13.82	12.51	6.55	8.53	7.68	10.19	8.07	9.57
	5.29	3.21	1.86	2.14	3.52	3.18	1.75	2.28	1.96	2.58	2.04	2.49
	15.46	9.24	6.48	6.06	10.30	9.33	4.80	6.25	5.72	7.61	6.02	7.08
	7.05	4.14	2.89	2.70	4.54	4.11	2.12	2.76	2.53	3.38	2.68	3.16
Key metrics
	26.40	17.98	13.66	13.29	19.36	16.42	10.62	12.59	11.77	14.25	11.83	13.10
	20.50%	16.00%	13.20%	13.00%	17.90%	15.90%	10.70%	13.00%	12.30%	15.90%	13.30%	15.40%
	12.00%	8.20%	6.30%	5.90%	9.50%	9.00%	4.80%	6.50%	6.00%	8.50%	6.80%	8.30%
	8.80%	—	3.60%	—	6.20%	—	3.20%	—	—	—	—	—
	19.10%	8.50%	4.10%	5.60%	13.10%	15.40%	11.30%	13.30%	—	—	—	—
	50.10%	-1.00%	35.00%	-3.00%	80.10%	22.60%	-20.30%	-11.70%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	446.22	416.77	381.08	345.95	315.17	234.40
	8.96	9.07	11.18	10.28	9.45	5.60
	455.17	425.84	392.26	356.23	324.62	240.00
	402.29	379.82	359.30	318.99	302.88	226.98
	0.00	0.00	0.00	—	—	0.01
	0.00	0.00	0.00	—	—	—
	320.61	301.16	285.97	257.80	242.87	176.16
	3.14	3.34	2.71	1.44	1.66	1.01
	18.47	16.53	13.59	12.90	12.70	9.21
	60.06	58.79	57.04	46.85	45.66	40.59
	52.88	46.02	32.96	37.25	21.73	13.02
	-3.15	-3.15	0.00	—	—	—
	49.72	42.86	32.96	37.25	21.73	13.02
	12.50	10.70	8.57	9.52	5.44	3.69
	37.24	32.16	24.38	27.73	16.29	9.32
	16.78	14.25	10.78	12.37	7.34	4.97
Key metrics
	71.33	62.73	49.26	51.59	36.09	23.24
	15.99%	15.10%	12.90%	14.90%	11.50%	9.90%
	8.35%	7.70%	6.40%	8.00%	5.20%	4.00%
	—	18.40%	15.60%	—	—	—
	9.54%	9.40%	10.20%	9.80%	34.50%	—
	21.38%	31.90%	-12.10%	70.20%	74.80%	—
	—	42.19	32.13	—	—	—
	—	1.87	1.41	—	—	—
	—	0.00	0.00	—	—	—
	—	-28.86	-18.68	—	—	—
	—	52.9	62.5	—	—	—
Balance sheet
	—	314.75	291.47	—	—	—
	—	196.84	185.99	—	—	—
	—	28.86	18.68	—	—	—
	—	70.06	84.40	—	—	—
	—	0.00	0.00	—	—	—
	—	12.57	12.92	—	—	—
	—	62.32	42.05	—	—	—
	—	9.72	19.07	—	—	—
	—	64.24	63.31	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	213.91	201.57	—	—	—
Cash flow
	—	60.21	34.40	—	—	—
	—	-17.49	-15.07	—	—	—
	—	-32.54	-22.09	—	—	—
	—	18.02	2.27	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +9.76%
Sales CAGR 5Y: —
Profit CAGR 3Y: +25.45%
Profit CAGR 5Y: —
Sales YoY (TTM): +9.54%
Profit YoY (TTM): +21.38%

Consolidated

Sales CAGR 3Y: +7.24%
Sales CAGR 5Y: —
Profit CAGR 3Y: +56.87%
Profit CAGR 5Y: —
Sales YoY (TTM): +13.11%
Profit YoY (TTM): +15.73%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 40.20%

Quarter	September 2026	June 2026
Promoter %	40.20%	39.96%

Holder	Type	Holding	Previous	Change
Jhm Enterprises Private Limited	Promoter Group	35.39%	35.29%	+0.10%
INFINITY DIRECT HOLDINGS	Public	8.55%	8.55%	0.00%
INFINITY PORTFOLIO HOLDINGS	Public	8.29%	8.29%	0.00%
Jigar Harish Mehta	Promoter	1.80%	1.80%	0.00%
ONWARD TECHNOLOGIES EMPLOYEE WELFARE TRUST	Public	1.52%	1.39%	+0.13%
PARISH ARUN MEGHANI	Public	1.51%	1.51%	0.00%
ICICI PRUDENTIAL TECHNOLOGY FUND	Public	1.43%	1.43%	0.00%
THERMO CAPITAL PRIVATE LIMITED	Public	1.41%	1.35%	+0.06%
Heral Harish Mehta	Promoter	1.12%	1.12%	0.00%
Harish Shantilal Mehta	Promoter	0.99%	0.99%	0.00%
Prachi Mehta	Promoter	0.90%	0.76%	+0.14%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
L&T Technology Services Limited	43,872	4,135.15	28.29	22.00%	+2.45% TTM	+21.63% TTM	+1.03%
INVENTURUS KNOWLEDGE SOLUTIONS LIMITED	30,034	1,750.50	39.32	29.80%	—	—	+5.39%
Tata Technologies Limited	26,489	652.35	47.05	15.00%	+21.87% TTM	-18.79% TTM	-4.98%
NETWEB TECHNOLOGIES INDIA LIMITED S	24,158	4,063.75	66.02	39.30%	+174.95% TTM	+170.58% TTM	+11.89%
AFFLE 3I LIMITED	22,875	1,623.30	46.99	15.30%	+20.28% TTM	+18.55% TTM	-11.48%
Sagility Limited	20,411	43.60	19.89	12.50%	+28.49% TTM	+28.48% TTM	-15.44%
BLACK BOX LIMITED	14,351	808.05	63.50	15.70%	+12.20% TTM	+5.06% TTM	+47.51%
ESDS Software Solution Limited	13,993	1,193.85	—	—	—	—	—
Amagi Media Labs Limited	12,643	574.30	—	5.20%	—	—	—
Cyient Limited	11,659	1,112.95	28.87	10.60%	+10.34% TTM	-34.26% TTM	-3.81%
E2E Networks Limited	10,693	520.20	—	—	—	—	—
Datamatics Global Services Limited	4,313	729.70	18.99	15.60%	+11.14% TTM	-2.61% TTM	-20.78%
R Systems International Limited	3,195	269.60	14.42	—	+26.71% TTM	+17.37% TTM	-35.24%
eMudhra Limited	2,802	358.90	25.40	12.90%	+29.74% TTM	+24.40% TTM	-43.86%
BLS E-Services Limited	2,699	148.55	18.58	16.30%	+51.33% TTM	+8.21% TTM	+47.01%
Protean eGov Technologies Limited	2,681	657.50	32.46	11.70%	+21.39% TTM	-13.25% TTM	-24.19%
Sasken Technologies Limited	2,665	1,754.30	30.54	8.60%	+51.46% TTM	+112.55% TTM	+29.56%
ZAGGLE PREPAID OCEAN SERVICES LIMITED	2,221	165.20	17.06	13.10%	+44.48% TTM	+33.82% TTM	-54.38%
BRIGHTCOM GROUP LIMITED	1,725	8.55	1.70	13.50%	+33.30% TTM	+33.05% TTM	-35.33%
AURUM PROPTECH LIMITED	1,606	210.10	29.57	2.20%	+68.15% TTM	+286.42% TTM	+22.36%
XTRANET TECHNOLOGIES LIMITED	1,467	280.50	—	—	—	—	—
KS Smart Technologies Limited	1,383	84.30	17.88	36.90%	—	—	+11.61%
CEINSYS TECH LIMITED	1,357	647.90	10.22	22.00%	+32.16% TTM	+59.97% TTM	-55.67%
Dynacons Systems & Solutions Ltd.	1,277	1,002.45	15.03	31.50%	+10.51% TTM	+13.99% TTM	+9.94%
EXPLEO SOLUTIONS LIMITED	1,272	819.50	9.23	20.60%	+10.42% TTM	+38.06% TTM	-18.55%
Onward Technologies Ltd.	823	370.10	17.30	20.10%	+13.11% TTM	+15.73% TTM	+22.83%

Filings & corporate actions

Recent announcements

Transcript26 Oct 2026 · Company Update / Earnings Call Transcript
Newspaper Advertisement17 Oct 2026 · Company Update / Newspaper Publication
Audio recording of the Conference Call held on October 16, 202617 Oct 2026 · Company Update / General
Press release16 Oct 2026 · Company Update / Press Release / Media Release
Earnings Presentation16 Oct 2026 · Company Update / General
Financial Results for quarter and half year ended September 30, 202616 Oct 2026 · Result / Financial Results
Outcome of Board Meeting held on October 16, 202616 Oct 2026 · Board Meeting / Outcome of Board Meeting
Intimation for Grant of Employee Stock Options under '' Onward Employee Stock Option Scheme 2024'' ("Scheme")12 Oct 2026 · Company Update / General
Intimation of schedule of Analyst/Institutional Investors call/meet9 Oct 2026 · Company Update / Analyst / Investor Meet
Onward Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/10/2026 ,inter alia, to consider and approve the Unaudited consolidated ....9 Oct 2026 · Board Meeting / Board Meeting
Certificate under regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for quarter ended September 30, 20267 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation under Regulation 30 of SEBI (Listing Obligations Disclosure Requirements) Regulations, 201528 Sep 2026 · Company Update / General
Closure of Trading Window25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of Schedule of Investors/Analysts Meeting23 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Renewal of Digital Engineering Service Contract under regulation 30 of SEBI (LODR) , Regulation 201521 Sep 2026 · Company Update / Award of Order / Receipt of Order
Acquisition of 25,000 Equity Shares by JHM Enterprises Private Limited Promoter Group of the Company form the Open Market17 Sep 2026 · Company Update / General
Intimation of Schedule of Investors/Analysts Meeting2 Sep 2026 · Company Update / Analyst / Investor Meet
Allotment of ESOPs21 Aug 2026 · Company Update / Allotment of ESOP / ESPS
Acquisition of 30,127 Equity Shares by Mrs. Prachi Mehta, Promoter of the Company from the open market18 Aug 2026 · Company Update / General
Disclosure under regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201514 Aug 2026 · Company Update / General
Earnings Call Transcript22 Jul 2026 · Company Update / Earnings Call Transcript
Newspaper Publication17 Jul 2026 · Company Update / Newspaper Publication
Audio Recording of the conference call held on July 16 , 202616 Jul 2026 · Company Update / General
Scrutinizer''s Report16 Jul 2026 · AGM/EGM / AGM
Announcement under Regulation 30 of SEBI (LODR)- Cessation16 Jul 2026 · Company Update / Cessation
Outcome of Annual General Meeting16 Jul 2026 · AGM/EGM / AGM
Press Release16 Jul 2026 · Company Update / Press Release / Media Release
Earnings Presentation16 Jul 2026 · Company Update / General
Financial Results16 Jul 2026 · Result / Financial Results
Outcome of Board Meeting16 Jul 2026 · Board Meeting / Outcome of Board Meeting
Certificate under Reg. 74(5) of SEBI (DP) Regulations, 201814 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Investor call9 Jul 2026 · Company Update / Analyst / Investor Meet
Onward Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/07/2026 ,inter alia, to consider and approve unaudited consolidated ....8 Jul 2026 · Board Meeting / Board Meeting
Closure of trading window26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of receipt of engineering services contract under Regulation 30 of SEBI(LODR) Regulations ,201525 Jun 2026 · Company Update / Award of Order / Receipt of Order
Newspaper Publication23 Jun 2026 · Company Update / Newspaper Publication
Submission of Business Responsibility and Sustainability Report for Financial Year (FY) 2025-2622 Jun 2026 · Company Update / General
Submission of Annual Report of Onward Technologies Limited for the financial year ended March 31, 202622 Jun 2026 · Others / Reg. 34 (1) Annual Report
Record Date22 Jun 2026 · Corp. Action / Record Date
Intimation of the Notice of 35th Annual General Meeting22 Jun 2026 · AGM/EGM / AGM

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 8.0000	3 Jul 2026	3 Jul 2026	—
Buy Back of Shares	18 May 2026	18 May 2026	—
Final Dividend - Rs. - 5.0000	4 Jul 2025	4 Jul 2025	—
Final Dividend - Rs. - 5.0000	12 Jul 2024	—	—

Board meetings

16 Oct 2026 Board Meeting - Financial Results