Onward Technologies (ONWARDTEC)₹383.35+0.04%IT Enabled Services
In the Sep 2026 quarter (consolidated), Onward Technologies reported sales of ₹170 Cr, up 22.3% from Sep 2025, and net profit of ₹16.99 Cr, up 41.7% year on year. For the year to Mar 2026, sales were ₹545 Cr and net profit ₹43.96 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 114 | 118 | 118 | 123 | 123 | 127 | 133 | 139 | 135 | 137 | 149 | 170 |
| Expenses | 103 | 109 | 106 | 115 | 112 | 113 | 116 | 119 | 115 | 122 | 131 | 144 |
| Operating Profit | 10.98 | 9.97 | 11.97 | 7.99 | 10.98 | 13.97 | 16.96 | 19.96 | 19.95 | 14.96 | 17.97 | 26.93 |
| OPM % | 9.0% | 8.0% | 10.0% | 6.0% | 9.0% | 11.0% | 13.0% | 14.1% | 15.0% | 11.1% | 12.0% | 16.0% |
| Other Income | 2.99 | 2.99 | 1.99 | 1.99 | 0.99 | 2.99 | 1.99 | 0.99 | −1.99 | 1.99 | 1.99 | 0.99 |
| Interest | 0.00 | 0.00 | 0.99 | 0.99 | 0.99 | 0.99 | 0.00 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 |
| Depreciation | 2.99 | 2.99 | 2.99 | 2.99 | 2.99 | 2.99 | 2.99 | 3.99 | 3.99 | 3.99 | 4.99 | 4.99 |
| Profit before tax | 10.01 | 9.01 | 10.01 | 6.01 | 8.01 | 13.01 | 16.03 | 16.03 | 13.02 | 12.02 | 15.02 | 22.02 |
| Tax % | 30.9% | 26.0% | 26.9% | 36.9% | 29.0% | 16.9% | 19.9% | 25.0% | 22.9% | 21.0% | 24.0% | 23.9% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −2.27 | 0.00 | 0.00 | 0.00 |
| Net Profit | 6.99 | 6.99 | 6.99 | 3.99 | 5.99 | 10.01 | 12.99 | 11.99 | 10.01 | 9.99 | 10.99 | 16.99 |
| EPS (Rs) | 3.01 | 2.96 | 3.13 | 1.55 | 2.65 | 4.58 | 5.59 | 5.24 | 4.43 | 4.19 | 5.01 | 7.53 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 198 | 224 | 245 | 261 | 273 | 241 | 307 | 442 | 473 | 492 | 545 | 592 |
| Expenses | 184 | 212 | 233 | 239 | 248 | 223 | 287 | 415 | 420 | 447 | 473 | 513 |
| Operating Profit | 13.96 | 10.99 | 10.99 | 21.94 | 22.97 | 16.96 | 21.96 | 26.94 | 51.85 | 44.90 | 71.80 | 79.81 |
| OPM % | 7.0% | 5.0% | 4.6% | 9.0% | 9.0% | 7.0% | 7.0% | 6.0% | 11.0% | 9.0% | 13.1% | 13.5% |
| Other Income | 1.99 | 2.99 | 4.99 | 0.99 | 0.99 | 4.99 | 20.98 | 4.99 | 6.99 | 6.99 | 3.99 | 2.98 |
| Interest | 3.99 | 2.99 | 2.99 | 2.99 | 2.99 | 1.99 | 0.99 | 1.99 | 0.99 | 1.99 | 2.99 | 3.96 |
| Depreciation | 3.99 | 3.99 | 4.99 | 5.99 | 10.99 | 9.99 | 9.99 | 12.98 | 12.98 | 12.98 | 15.99 | 17.96 |
| Profit before tax | 8.02 | 7.01 | 8.02 | 15.02 | 10.02 | 10.02 | 32.05 | 18.03 | 45.06 | 36.02 | 57.12 | 62.08 |
| Tax % | 60.9% | 37.9% | 10.9% | 33.0% | 34.9% | 24.9% | 25.9% | 35.9% | 25.0% | 24.9% | 22.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −1.99 | −2.27 |
| Net Profit | 2.99 | 3.99 | 6.99 | 9.99 | 5.99 | 7.01 | 24.01 | 10.99 | 33.99 | 27.01 | 43.96 | 47.98 |
| EPS (Rs) | 2.13 | 2.69 | 4.31 | 6.40 | 3.88 | 4.48 | 10.73 | 5.14 | 15.04 | 11.92 | 19.44 | 21.16 |
| Dividend payout % | 47.0% | 37.0% | 23.0% | 23.0% | 39.0% | 67.0% | 28.0% | 58.0% | 33.0% | 42.0% | 41.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15.01 | 15.00 | 15.02 | 16.01 | 16.01 | 16.00 | 16.04 | 22.01 | 22.04 | 23.00 | 23.05 | 22.05 |
| Reserves | 16.96 | 20.97 | 27.01 | 33.95 | 44.96 | 51.94 | 57.97 | 141 | 152 | 185 | 202 | 231 |
| Borrowings | 28.98 | 22.98 | 25.01 | 23.01 | 18.00 | 34.99 | 25.04 | 19.00 | 17.02 | 27.99 | 32.01 | 40.03 |
| Other Liabilities | 26.87 | 30.85 | 21.89 | 27.87 | 26.87 | 32.84 | 37.82 | 44.78 | 49.76 | 49.76 | 53.74 | 73.64 |
| Total Liabilities | 87.82 | 90.80 | 89.93 | 99.84 | 106 | 135 | 138 | 227 | 240 | 285 | 311 | 367 |
| Fixed Assets | 12.01 | 11.01 | 18.02 | 16.01 | 15.01 | 27.99 | 30.03 | 57.01 | 54.08 | 63.03 | 65.02 | 89.08 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | 2.01 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 75.81 | 79.79 | 71.91 | 84.83 | 90.83 | 107 | 108 | 170 | 187 | 221 | 244 | 279 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Trade receivables | 39.18 | 38.13 | 49.23 | 46.20 | 49.22 | 50.18 | 41.17 | 67.28 | 110 | 101 | 109 | 121 |
| Cash & equivalents | 2.01 | 2.01 | 4.02 | 8.03 | 5.02 | 22.08 | 29.12 | 60.26 | 48.21 | 31.12 | 25.08 | 111 |
| Total Assets | 87.82 | 90.80 | 89.93 | 99.84 | 106 | 135 | 138 | 227 | 240 | 285 | 311 | 367 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 15.02 | 10.02 | 14.01 | 16.01 | 11.02 | 29.02 | 33.02 | −4.01 | 6.01 | 62.07 | 32.03 | 65.08 |
| Cash from investing activity | −4.01 | −1.01 | −11.02 | −5.01 | −5.01 | −5.01 | −10.02 | −32.09 | 6.01 | −62.18 | −17.04 | −21.06 |
| Cash from financing activity | −11.03 | −9.02 | 0.00 | −10.04 | −9.03 | −10.04 | −12.04 | 57.16 | −14.04 | −16.05 | −21.05 | −31.12 |
| Net cash flow | 0.00 | 0.00 | 2.99 | 1.99 | −2.99 | 12.97 | 10.99 | 20.96 | −1.99 | −15.97 | −6.98 | 12.99 |
| Capex | 0.00 | 0.00 | 5.74 | 4.97 | 5.00 | 2.37 | 13.30 | 22.28 | 7.18 | 2.01 | 3.66 | 19.04 |
| Free cash flow | 14.97 | 9.97 | 8.98 | 11.97 | 5.98 | 26.92 | 19.94 | −25.94 | −0.99 | 60.85 | 27.94 | 45.86 |
| CFO / OP % | 132.0% | 110.9% | 86.0% | 186.0% | 86.0% | 148.0% | 168.0% | 30.0% | 35.0% | 123.0% | 83.9% | 113.9% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 75 | 71 | 79 | 68 | 68 | 67 | 62 | 79 | 91 | 78 | 81 | 81 |
| Cash conversion cycle | 74 | 70 | 78 | 67 | 67 | 66 | 61 | 78 | 90 | 77 | 80 | 80 |
| Working capital days | 15 | 27 | 25 | 21 | 34 | 10 | 14 | 48 | 53 | 89 | 103 | 55 |
| ROCE % | 14.0% | 19.0% | 14.9% | 15.0% | 24.0% | 14.0% | 12.0% | 23.0% | 10.0% | 22.0% | 16.0% | 23.0% |
For the Sep 2026 quarter, Onward Technologies reported sales of ₹170 Cr, up 22.3% year on year and net profit of ₹16.99 Cr, up 41.7% year on year. The operating margin was 16.0%.
Onward Technologies' sales for the year to Mar 2026 were ₹545 Cr; over the last twelve months they were ₹592 Cr.
Net profit for the year to Mar 2026 was ₹43.96 Cr, and ₹47.98 Cr over the last twelve months. Earnings per share over the same trailing period were ₹21.16.
Onward Technologies reported borrowings of ₹40.03 Cr at Mar 2026, against cash and equivalents of ₹111 Cr.
Cash from operations was ₹65.08 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹45.86 Cr.