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Onward Technologies
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Company History
Onward Technologies Limited was incorporated on July 18, 1991. The Company is a leading global player in Mechanical Engineering Design and IT Services. The Company is one of the India's leading engineering and IT services companies, providing integrated product development solutions and services to many of the Fortune 1000 companies. Founded in 1991, the Company deals in mechanical engineering, embedded products and systems development, mobile and enterprise software development, data analytics and digital transformation, robotic process automation, and managed services for infrastructure, applications and databases.
In 1993 it started developing software for computer controlled CNC Machines. Later in 1994, the business lines of erstwhile group companies the Onward Computer Technologies Pvt Ltd.,(a System Integration Company) and Onward Network Technologies Pvt Ltd.(A Network Solutions Company) were acquired to consolidate synergistic business in IT. The company was also converted into a public limited company and the name changed to the present one in the year 1994. The company has also made it's maiden public offer at a premium of Rs.40/- per share in the same year.
In 1995 the company has entered into a strategic tie-up with Structural Dynamics Research Corporation being Sole distributor on al hardware platforms. The company has closed the system integration division in the year 1997 and shifted its focus to professional services and solutions business.
The company tie-up with Set Point, US, for its process simulation software. OTL's banking group offers branch automation solutions like total branch mechanisation based on PC Lan Netware, microcomputer-based advanced ledger postings with customised software, etc. The company's US subsidiary, Onward Technologies, Inc. became operational with offices in the states of California and Utah.
Onward Technologies ,during the year 1999-2000, has entered into a Global Partnership Agreement with Novell, Inc., USA to provide E-Commerce related consultancy services to various business units of Novell, Inc. especially in areas of Net Mangement, Net Directory and Net Content.
In the year 2000 the company has opened its Pune development centre for PSSD project. and got a large offshore simulation project order from Aspen Tech Software.
In 2001 , the company has set up a wholly owned subsidiary in Germany under the name Onward Technologies GmbH.
The company has established 2 new Software Development Centres in the year 2002,one in Pune and another in Turbe,Mumbai.
The company has signed a new partnership agreement recently with Experia Solutions,Inc., a high-end consulting company which is specialising in the areas of eSolutions.
In Financial Year 2002-2003, Company had restructured its activities into two distinct entities and the Domestic Banking Business was hived off into a wholly owned subsidiary,Onward eServices Limited.
During the Financial Year 2003-2004, the Company consolidated its business in the Engineering Design space and emerged as one of the very few handful Indian Service providers who could offer End-to-End (ART to PART) solutions from designing, modeling, simulation to FEA and prototyping of Engineering Designs. It catered to various industrial segments such as automobiles, off road automotive, aerospace, machine tools, semi-conductors etc. in addition to providing Engineering Design Services for sheet metal, castings and plastics to quite a few of the fortune 500 companies.
During the year 2005, Company invested in people & scalable infrastructure, including investing in both popular and specialized CAD/ CAE technologies. In 2008, it completed a massive restructuring initiated 24 months back across the board & now is focused on 2 main business lines consisting of Mechanical Engineering Design Services (EDS) and IT Consulting Services (ITS).
In 2009, the Company offered a Scheme of Arrangement to respective Members of Onward Technologies Ltd. (OTL) and Onward eServices Ltd (OEL) and for reconstruction and reduction of capital of OEL and specified creditor of OEL viz. OTL L and further convened meetings of shareholders of OTL on June 9, 2008. Pursuant to the above meeting the Company had obtained necessary sanction of the Scheme from the Honorable High Court of Mumbai vide its Order dated April 16, 2009, which became effective from the Appointed date, April 1, 2007.
In 2015, the Company completed a major Computational Fluid Dynamics (CFD) project for a global energy management organization from US for their huge battery packs that helped to improve the efficiency.
During the year 2021, the Company had 4 subsidiaries, Onward eServices Limited (OeSL), Onward Technologies Inc. (OTI), Onward Technologies GmbH (OTG) and Onward Properties Private Limited (OPPL). The Board of Directors of the Company at their meeting held on May 15, 2020, approved the Scheme of Merger by Absorption of Onward eServices Limited (OeSL), wholly-owned subsidiary of the Company with the Company, which was heard by the Hon'ble NCLT and thereafter NCLT sanctioned the Scheme of OeSL with Onward Technologies Limited on March 25, 2021, which became effective from the appointed date of the Scheme, January 1, 2020 and May 14, 2021.
During the year 2021-22, the Company acquired entire equity shareholding and preference shares of OT Park on December 1, 2021. Consequent to the acquisition of entire shareholding, OT Park became a wholly owned subsidiary of the Company. Onward Technologies Canada Inc. and Onward Technologies BV were incorporated as wholly-owned subsidiaries on May 25, 2021 in Toronto, Canada and June 04, 2021 in Netherlands respectively. OPPL ceased to be a wholly-owned subsidiary of Company w.e.f. August 25, 2021.
Onward Technologies Share Price
Onward Technologies share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Onward Technologies Market Cap
Market capitalization of Onward Technologies indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Onward Technologies is valued compared to its competitors.
Onward Technologies PE Ratio
Onward Technologies PE ratio helps investors understand what is the market value of each stock compared to Onward Technologies 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
Onward Technologies PEG Ratio
The PEG ratio of Onward Technologies evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Onward Technologies ROE (Return on Equity)
Return on Equity (ROE) measures how effectively Onward Technologies generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Onward Technologies ROCE (Return on Capital Employed)
Return on Capital Employed (ROCE) evaluates the profitability of Onward Technologies in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Onward Technologies Total Debt
Total debt of Onward Technologies shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
Onward Technologies Debt to Equity Ratio
The Debt-to-Equity (DE) ratio of Onward Technologies compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
Onward Technologies CAGR (Compound Annual Growth Rate)
CAGR shows the consistent growth rate of Onward Technologies over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Onward Technologies Technical Analysis
Technical analysis of Onward Technologies helps investors get an insight into when they can enter or exit the stock. Key components of Onward Technologies Technical Analysis include:
Support Levels (S1, S2, S3)
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
Resistance Levels (R1, R2, R3)
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Onward Technologies shares often struggle to rise above due to selling pressure.
Onward Technologies Dividends
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Onward Technologies ’s financial health and profitability.
Onward Technologies Bonus Shares
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Onward Technologies Stock Split
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
Onward Technologies Financials
The financials of Onward Technologies provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
Onward Technologies Profit and Loss Statements
The profit and loss statement of Onward Technologies highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Onward Technologies .
Onward Technologies Balance Sheet
The balance sheet presents a snapshot of Onward Technologies ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Onward Technologies Cashflow Statements
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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