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Onward Technologies Limited (ONWARDTEC) Fair Value & Analysis

Technology · IN · Market cap ₹6.4B

OT Onward Technologies Limited ONWARDTEC · NSE
Price₹281.15
Fair Value₹404.17
Upside+43.8%
Quality62/100
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Evidence: High Range ₹303.13 – ₹505.21

Fair value as of: Jul 3, 2026

From 26 valuation models · updated today

Share price +11.3% over the past month.

Price vs Fair Value (12 months)

₹369.55 ₹204.40 Fair Value ₹404.17 Jul 2025 Jul 2026

12‑month range ₹204.40 – ₹369.55 · fair‑value band ₹303.13 – ₹505.21 · the ₹281.15 price screens below the ₹404.17 fair value. As of Jul 3, 2026.

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Analysis

Onward Technologies Limited (ONWARDTEC) currently trades at ₹281.15, while our model-based Fair Value estimate is ₹404.17 — implying the stock looks roughly 43.8% undervalued today. We read business quality at 62/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Onward Technologies Limited generated revenue of ₹5.4B at a net margin of 8.2%. Revenue grew 7.7% year over year. It earns a return on equity of 18.6%. Net debt stands at ₹25.9M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹5.4B
Revenue growth (YoY) +7.7%
Net margin 8.2%
Return on equity 18.6%
Free cash flow ₹543M FY2026
P/E ratio 15.0
More key figures
Operating margin 8.0%
EPS (TTM) ₹19.52
Dividend yield 2.8%
EPS growth (YoY) -7.3%
Net debt ₹25.9M FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Onward Technologies Limited operates as a software and technology services outsourcing company India, the United States, Europe, Canada, and the United Kingdom, and internationally. The company offers digital and engineering research and development services for original equipment manufacturers (OEMs) in industrial equipment and heavy machinery, transportation, mobility, and healthcare and life sciences sectors. It also provides digital services, such as advanced software development and lifecycle management, digitalization and integration, data engineering, analytics and visualization, and cloud platforms; and embedded product and systems engineering services comprising system, software and hardware, tooling, testing, and consulting services. In addition, the company offers mechanical product engineering services, including new product design and development, value engineering, virtual simulation, and manufacturing engineering. Onward Technologies Limited was incorporated in 1991 …

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Onward Technologies Limited reported revenue of ₹5.4B in FY2026 versus ₹3.1B in FY2022, a compound +15.3%/yr. Reported net income was ₹443M in FY2026, compounding +17.0%/yr from FY2022.

Revenue +15.3%/yr
FY22 ₹3.1B
FY23 ₹4.4B
FY24 ₹4.7B
FY25 ₹4.9B
FY26 ₹5.4B
Net income +17.0%/yr
FY22 ₹237M
FY23 ₹115M
FY24 ₹339M
FY25 ₹271M
FY26 ₹443M

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Similar stocks

6 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

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International Business Machines Corporation IBM $252.22 $147.06 -42%
Accenture plc ACN $170.50 $228.49 +34%
Tata Consultancy Services Limited TCS ₹2,199 ₹1,863 -15%
Infosys Limited INFY ₹1,198 ₹1,237 +3%
HCL Technologies Limited HCLTECH ₹1,132 ₹1,230 +9%
Fiserv, Inc F1IS34 R$122.88 R$56.23 -54%

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Frequently asked questions

Is Onward Technologies Limited (ONWARDTEC) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹404.17 versus a price of ₹281.15 — about +44% (undervalued). Model-based estimate, not financial advice.
What is the fair value of ONWARDTEC?
Our model-based fair value for Onward Technologies Limited is ₹404.17 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹281.15.
What is the quality score of ONWARDTEC?
Onward Technologies Limited has a Quality Score of 62/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Onward Technologies Limited (ONWARDTEC)?
Onward Technologies Limited reported trailing-twelve-month revenue of about ₹5.4B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of ONWARDTEC?
The net profit margin of Onward Technologies Limited is about 8.2%, meaning it keeps roughly 8.2% of revenue as net income. Based on the latest reported figures.
Does Onward Technologies Limited pay a dividend?
Onward Technologies Limited currently shows a dividend yield of about 2.77% relative to its recent price (as of Jul 3, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.