ONWARDTEC

Onward Technologies share price & results

Onward Technologies Limited· Information Technology

Results to
Sept 2026
Latest analysed call
Q2 FY27
Ownership as of
Sept 2026

Mumbai-based digital and ER&D outsourcing firm building software and product-engineering solutions for global OEMs in industrial equipment, transportation & mobility, and healthcare.

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Guidance Hit Rate
20 targets · 0% hit rate 0 achieved · 18 active →
Segment Shift
2 segments tracked See revenue & margin mix below →
Reverse DCF
Reality Gap Ready Test priced-in growth in DCF tool →
Concall & Tone
Q2 FY27 analysed Read claims, qualifiers & Q&A →

Price & Snapshot

₹383.35 +0.04% · +₹0.15

Last close 9 Nov 2026 · NSE · INR · Source: Inve

Performance +29.6% 1Y

₹200₹300₹400Nov 25Dec 25Feb 26Mar 26May 26Jun 26Aug 26Sept 26Nov 26Q3 FY26 — 16 Jan 2026Q4 FY26 — 5 May 2026Q1 FY27 — 16 Jul 2026Q2 FY27 — 16 Oct 2026

1Y: ₹295.7 on 7 Nov 2025 → ₹383.35. High ₹459.75 (22 Oct 2026), low ₹210.15 (30 Mar 2026).

Previous close
₹383.2
Market cap
₹858 Cr
52-week range
₹210.15 – ₹459.75
One year
+32.51%
Price to earnings (TTM to Sept 2026)
17.07×
Return on equity (TTM to Sept 2026)
20.35%

Reported

Key financial metrics & valuation ratios

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue129 ₹ crore+19.4% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin19.0 %+3.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit15.0 ₹ crore+50.0% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity20.35 %+6.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026
Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin8.45 %+2.7 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026
(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)13.22 %+6.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026
Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Business Mix

Where revenue comes from

2 operating segments · As of 31 Mar 2019

Mechanical Engineering Design Services 76.3% · ₹198.01 Cr
Information Technology Services 23.7% · ₹61.49 Cr

Explore full multi-period segment shift & margins →

Guidance

What management said, and what became of it

0 of 2 judged targets kept · 18 open · verdicts reflect calls analysed to Q2 FY27.

Onward Technologies Limited management guidance track record on Inve: 20 targets tracked across analysed earnings calls (0 achieved, 2 missed, 18 open).

Watch execution in Growth & Demand (1 on track · 1 delayed/missed).

TargetOriginal wordingSaidLatest callVerdict
Growth Total Headcount
approximately 2,700 people by March 31, 2026
Call transcript, Q1 FY26 · 16 Jul 2025
Q1 FY26
Q2 FY27:Promise remains concluded as missed for the March 31, 2026 deadline (2,485 actual), though subsequent H1 FY27 net additions of 430-450 lifted total headcount above 3,000 in Q2 FY27.
Call transcript, Q2 FY27 · 16 Oct 2026
Missed
Growth Annual Revenue Growth
double-digit annual revenue growth
Call transcript, Q1 FY26 · 16 Jul 2025
Q1 FY26
Q2 FY27:Q2 FY27 revenue grew 22.4% YoY (17.7% CC) to INR 170.2 Cr. Management formally upgraded FY27 annual revenue growth guidance from 'double-digit' to a specific 15% to 18% range.
Call transcript, Q2 FY27 · 16 Oct 2026
Revised Up
Operations Annual EBITDA Growth
double-digit annual EBITDA growth
Call transcript, Q1 FY26 · 16 Jul 2025
Q1 FY26
Q2 FY27:Q2 FY27 EBITDA grew 33.7% YoY to INR 26.6 Cr, and full-year FY27 EBITDA margin guidance was raised to 13.8%-14.3% alongside 15%-18% revenue growth, keeping annual EBITDA growth well above double digits.
Call transcript, Q2 FY27 · 16 Oct 2026
On Track

Source: Inve Guidance Tracker for Onward Technologies Limited · to Q2 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Onward Technologies Limited's 20 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 17 more targets are in the full ledger.

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Sector context

Sector call context

Shared sector pressures matched to this company’s latest reporting period.

Similar pressures reported by peers

Tailwind coverage is not available yet.

Similar commentary provides sector context; it does not establish a business relationship with Onward Technologies Limited. Each comparison matches a headwind disclosed by Onward Technologies Limited in the same calendar reporting quarter.

  • Management said there is 'definitely an impact'

    Topic: Regulatory compliance · Regulatory policy · Q2 FY27

    Onward Technologies Limited reported: Management said there is 'definitely an impact'. It is hiring locally in the US and says guidance already reflects the new regime. The revenue-per-engineer aspiration has come down

    Reporting period ended 2026-09-30

    2 other companies · Regulatory policy

    InfoBeans Technologies Limited (INFOBEAN) reported (period ended 2026-09-30): RBI rate increases cut other income by about ₹2 crores QoQ on the corporate bond and government securities portfolio. Management called the loss notional because the holdings are kept to maturity.

    3i Infotech (3IINFOLTD) reported (period ended 2026-09-30): BPS business (7.8% of H1 revenue) faces severe pressure from client adoption of AI automation and tighter regulatory compliance in Indian BFSI.

    Evidence drawer

    Evidence type: Summary paraphrase

    Management said there is 'definitely an impact'. It is hiring locally in the US and says guidance already reflects the new regime. The revenue-per-engineer aspiration has come down

    Source company: Onward Technologies Limited · Reporting period ended 2026-09-30 · Calendar quarter: Q2 FY27 · Distinct companies matched: 2

    Similar commentary provides sector context; it does not establish a business relationship.

From available earnings-call summaries. Disclosures are management statements, not independently verified transactions.

Live Summary

ONWARDTEC ₹383.35 +0.04%
Guidance Verdict (20 tracked) 0 kept · 18 open· 2 missed
AI Call Brief · Q2 FY27

Onward Technologies Limited Q2 FY27

Overview

Symbol
NSE:ONWARDTEC
Exchange
NSE
Currency
INR

What Onward Technologies Limited does

Based on the company's own presentations, annual report and earnings calls.

Onward Technologies, founded in 1991, is an engineering R&D (ER&D) and digital-services outsourcing company that designs, tests and develops products and software for global OEMs across three focused verticals: Industrial Equipment & Heavy Machinery, Transportation & Mobility, and Healthcare & Life Sciences. It earns revenue through time-and-material and fixed-price outsourced engineering contracts, delivering work from centres in India (Mumbai, Pune, Chennai, Bengaluru, Hyderabad) combined with onsite/nearshore offices and subsidiaries in the US, Germany, Netherlands and Canada. Its services span new product development, embedded software (AUTOSAR, middleware, ADAS, EV/connected-vehicle systems), simulation and testing (FEA/CFD), cloud/data engineering and AI-led solutions, and medical-device design with regulatory support (FDA, CE, MDR/IVDR, RoHS/REACH).

Segments

  • Industrial Equipment & Heavy Machinery (IEHM)
  • Transportation & Mobility (T&M)
  • Healthcare & Life Sciences (HCLS)
Total employees
2,485 (as of 31 Mar 2026)
Global offices
12 offices across 6 countries (FY25)
Strategic/active clients
75, narrowed down from ~250 (FY26)
Global subsidiaries
4 foreign subsidiaries (USA, Germany, Netherlands, Canada) + 1 Indian subsidiary (OT Park Pvt Ltd)
Focused industry verticals
3 (IEHM, T&M, HCLS)
Top-25 client revenue concentration
88% (FY26)
Founded 1991Headquarters Mumbai, IndiaEmployees 2,485 (FY26) Company website

How the price took the results

Moved an average of ±7.0% across the last 4 priced result releases

Close before → close after
QuarterReleaseRevenue (₹ Cr) Net profit (₹ Cr)Rev YoYBefore → AfterReaction
Q2 FY2716 Oct 26129 15+19.4%₹356.2 → ₹427.4+20.0%
Q1 FY2716 Jul 26112 9+8.7%₹283.6 → ₹288.2+1.6%
Q4 FY265 May 26103 6+4.0%₹253.31 → ₹243.4−3.9%
Q3 FY2616 Jan 26102 6+6.3%₹311.8 → ₹318.9+2.3%

The move from the last close before each results date to the first close on or after it — the market's first read on the quarter alongside what was filed.

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Quick Answers

Frequently asked questions on Onward Technologies Limited

Compiled directly from ONWARDTEC's filed financial statements, earnings call transcripts, and ownership disclosures.

How did Onward Technologies Limited (ONWARDTEC) perform in its latest reported quarter (Sept 2026)?

For the quarter ended Sept 2026, Onward Technologies Limited reported revenue of ₹129 Cr, net profit of ₹15 Cr, an operating margin of 19.0%. Diluted earnings per share stood at ₹6.95.

How is Onward Technologies Limited (ONWARDTEC) valued today, and what growth does the stock price imply?

Onward Technologies Limited (ONWARDTEC) trades at ₹383.35, with a market capitalization of ₹858 Cr. Reverse-DCF analysis shows the current stock price implies 16.7% annual earnings growth over the next 7 years compared with its historical net-profit CAGR of 40.2%.

Who owns Onward Technologies Limited (ONWARDTEC) — promoters, FIIs, DIIs, and mutual funds?

As of Sept 2026, Promoters hold 40.2%, FIIs hold 9.3%, DIIs hold 1.7%, Public shareholders hold 47.3%.

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