| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 170 | 139 | +22.5% |
| EBITDA | 26.5 | 19.9 | +33.5% |
| EBITDA margin | 15.6% | 14.3% | +1.3 pts |
| Profit before tax | 22.1 | 15.8 | +39.8% |
| Net profit | 16.8 | 11.9 | +40.5% |
| EPS | ₹7.65 | ₹5.26 | +45.4% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 907 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 48.0 | 36.9 | 24.3 | 31.2 | 47.3 | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.5 | ||
| 859 | — | — | — | — | ||
| 591 | 544 | 491 | 472 | 441 | ||
| — | +10.7% | +4.0% | +7.1% | — | ||
| 79.7 | 71.8 | 44.7 | 52.2 | 27.3 | ||
| 13.5% | 13.2% | 9.1% | 11.1% | 6.2% | ||
| 61.9 | 56.0 | 31.3 | 39.2 | 14.3 | ||
| 47.6 | 44.3 | 27.1 | 33.9 | 11.5 | ||
| 8.0% | 8.2% | 5.5% | 7.2% | 2.6% | ||
| ₹21.21 | ₹19.75 | ₹12.06 | ₹15.11 | ₹5.11 | ||
| — | +63.7% | −20.2% | +195.4% | — | ||
| — | 65.1 | 31.5 | 62.3 | 5.7 | ||
| — | −19.1 | −3.7 | −2.0 | −7.2 | ||
| 46.0 | 46.0 | 27.9 | 60.3 | −1.5 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 906.7 | |
| - Cash, Equiv & ST Investments | 47.3 | 31.2 | 24.3 | 36.9 | 48.0 | |
| + Total Debt | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | |
| Enterprise Value | — | — | — | — | 858.8 | |
| Revenue | 440.9 | 472.4 | 491.3 | 543.9 | 591.3 | |
| Growth %, YoY | — | +7.1 | +4.0 | +10.7 | — | |
| EBITDA | 27.3 | 52.2 | 44.7 | 71.8 | 79.7 | |
| Margin % | 6.19 | 11.05 | 9.10 | 13.21 | 13.48 | |
| EBIT | 14.3 | 39.2 | 31.3 | 56.0 | 61.9 | |
| Net Income | 11.5 | 33.9 | 27.1 | 44.3 | 47.6 | |
| Margin % | 2.60 | 7.18 | 5.51 | 8.15 | 8.05 | |
| EPS, Adj (current shares) | 5.11 | 15.11 | 12.06 | 19.75 | 21.21 | |
| Growth %, YoY | — | +195.4 | -20.2 | +63.7 | — | |
| Cash from Operations | 5.7 | 62.3 | 31.5 | 65.1 | — | |
| Capital Expenditures | -7.2 | -2.0 | -3.7 | -19.1 | — | |
| Free Cash Flow | -1.5 | 60.3 | 27.9 | 46.0 | 46.0 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Onward Technologies (NSE: ONWARDTEC) had a market capitalisation of ₹841 crore at the 29 October 2026 close (₹383.80 a share), a PE ratio of 17.7 on the last four quarters' profit and a price-to-book ratio of 3.41. In FY26 its consolidated net profit was ₹44.3 crore on revenue of ₹544 crore; in Q2 FY27 (July–September 2026) it was ₹16.8 crore, up 40.5% year on year. It had no borrowings on 30 September 2026. Promoters held 40.20% of the shares on 30 September 2026.
Onward Technologies' PE ratio is 17.7 at the 29 October 2026 close (₹383.80 a share): a market capitalisation of ₹841 crore divided by consolidated net profit of ₹47.6 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹44.3 crore) it is 19.0.
Onward Technologies' price-to-book (PB) ratio is 3.41 at the 29 October 2026 close: a market capitalisation of ₹841 crore divided by shareholders' equity (book value) of ₹246 crore on 30 September 2026. That is a book value of ₹112.47 per share against a share price of ₹383.80.
Onward Technologies' book value per share was ₹112.47 on 30 September 2026: shareholders' equity of ₹246 crore divided by the 2.19 crore shares in issue, up 9.2% from ₹103.03 a year earlier. The share price at the 29 October 2026 close was ₹383.80.
Onward Technologies' market capitalisation was ₹841 crore at the 29 October 2026 close: 2.19 crore shares at ₹383.80 each.
Yes. Onward Technologies had no borrowings on 30 September 2026 (consolidated balance sheet), and it held ₹95.8 crore of cash, bank balances and current investments.
In 2026, Onward Technologies has declared one dividend: ₹8 with record date 3 July 2026.
Onward Technologies' debt-to-equity ratio was 0.00 on 30 September 2026: no borrowings against total equity of ₹246 crore. A year earlier, on 30 September 2025, it was 0.00.
Onward Technologies' net worth — shareholders' equity in its consolidated balance sheet — was ₹246 crore on 30 September 2026, up 6.2% from ₹232 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹841 crore at the 29 October 2026 close.
Onward Technologies' basic earnings per share (EPS) were ₹19.64 in FY26, against ₹11.97 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹21.41.
In FY26, Onward Technologies' return on equity (ROE) was 18.6% and its return on capital employed (ROCE) was 20.2%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 12.6% and ROCE 12.7%.
Onward Technologies' dividend yield is 2.08% at the 29 October 2026 close: dividends of ₹8 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹383.80. They were ₹8 on 3 July 2026.
Promoters held 40.20% of Onward Technologies on 30 September 2026, up 0.23 percentage points from 39.97% the previous quarter and up 1.18 percentage points from 39.02% a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Onward Technologies' shares were held by promoters 40.20%, foreign portfolio investors (FII/FPI) 9.28%, domestic institutions (DII) 1.74% (including mutual funds at 1.44%) and retail and other non-institutional investors 47.26%. Over the year, FII holding was up 0.07 percentage points from 9.21% and DII holding was down 2.26 percentage points from 4.00%.
At the 29 October 2026 closing prices, on FY26 net profit, Onward Technologies' PE ratio is 19.0, the third highest of the four: Vakrangee 53.5, Allied Digital Services 20.7 and Kellton Tech Solutions 6.3, a peer average of 26.8. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, Onward Technologies earned net profit of ₹44.3 crore on revenue of ₹544 crore, against ₹11.3 crore on ₹255 crore for Vakrangee. Onward Technologies' operating margin was 10.3% (Vakrangee 4.0%) and its return on equity 18.6% (Vakrangee 5.4%). At the 29 October 2026 close, Onward Technologies' market capitalisation was ₹841 crore against ₹602 crore for Vakrangee, and its PE ratio on FY26 profit 19.0 against 53.5.
In FY26, Onward Technologies generated ₹65.1 crore of cash from operations and spent ₹19.1 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹46 crore. In FY25 it was ₹27.9 crore.
Onward Technologies' latest results are for Q2 FY27 (July–September 2026), filed on 16 October 2026: consolidated net profit ₹16.8 crore, up 40.5% from ₹11.9 crore in Q2 FY26; revenue from operations ₹170 crore, up 22.5% year on year.
In FY26 (April 2025–March 2026), Onward Technologies' consolidated net profit was ₹44.3 crore, up 63.7% from ₹27.1 crore in FY25, on revenue from operations of ₹544 crore (up 10.7%). Over three years, from FY23, net profit was up 286.1%.
Onward Technologies has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
On FY26 consolidated figures, against Vakrangee, Allied Digital Services and Kellton Tech Solutions: Onward Technologies' operating margin of 10.3% is the highest of the four (Vakrangee 4.0%, Allied Digital Services 3.8%, Kellton Tech Solutions 9.9%; peer average 5.9%); its return on equity of 18.6% is the highest of the four (Vakrangee 5.4%, Allied Digital Services 4.7%, Kellton Tech Solutions 13.7%; peer average 7.9%); its revenue growth over three years of 7.2% a year is the lowest of the four (Vakrangee 8.9% a year, Allied Digital Services 13.6% a year, Kellton Tech Solutions 9.9% a year; peer average 10.8% a year).
From Onward Technologies' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.