💡 Did you know?
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Onward Technologies Limited is an India-based software outsourcing company specializing in digital, and engineering research and development (ER&D) services. The Company is focused on three verticals: transportation and mobility, industrial equipment and heavy machinery, and…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
An exceptional, fast-growing business, reasonably priced.
Onward Technologies is scored on the it / services framework. It keeps a slim 8.1% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.47× reported profit. It throws off free cash worth 5.2% of its market value — a strong free-cash yield.
Over the last 3 years revenue compounded at 7%/yr and profit at 57%/yr. Book value has grown 13%/yr. Return on equity is an elite 19.3%. In the latest quarter profit grew 50% versus the prior quarter.
At 19× earnings, the stock sits at the 20th percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price implies ~7%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 17.65 | — | — |
| P/B | 3.4 | 7.91 | better |
| EV/EBITDA | 9.02 | — | — |
| ROE | 19.31 | 5.95 | better |
| ROCE | 22.42 | 66.62 | worse |
| ROA | 12.64 | — | — |
| Quick Ratio | 3.66 | 11.28 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| TCS | 17.4 | 7.6 | 43.4% |
| Infosys | 15.6 | 5.1 | 31.0% |
| HCL Technologies | 21.3 | 5.1 | 24.1% |
Revenue has grown every year across all 4 financial years shown. 7% CAGR — growing but slowly. Growth is accelerating — latest year outpaced the prior year's rate.
Profit is growing faster than revenue (57% vs 7%) — margin expansion is at work. The latest year saw a +64% swing — check if it's a one-off or structural.
Operating margin has expanded from 4% to 10% — the business is keeping more of each rupee earned.
ROE at 17% — a respectable return on shareholder capital. Capital efficiency improving — ROE up 11pp across the window.
56% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.5× PAT — earnings are well-backed by cash; strong accrual quality. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 13% sequentially — momentum is building. Run-rate stepping up — recent quarters average 17% above earlier ones.
Profit jumped 50% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (7% → 10%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 40.2% — dispersed ownership; institutional flows drive the stock. Promoters added 1.1pp over 4 quarters — creeping acquisition signals conviction.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.