Onward Technologies Limited
Valuation (90/100) does the heavy lifting; financial trend (35/100) is the drag.
Buy zoneStocksWizard rates Onward Technologies Limited a Buy, scoring 65/100 on our blended model. On 15.3x trailing earnings it sits cheaper than the Technology median of about 20.0x. The price is about 12% below its 52-week high of ₹331.86 and 43% above the low of ₹204.4. Financial health scores 85/100, in the safe band on the Altman Z-score, with a Piotroski F-score of 5/9. It clears 8 of 11 investability checks, with durability 46, valuation 81 and momentum 85 on our 0–100 scales.
Analysis by Ankit Sharma · StocksWizard's own estimates from end-of-day public data — see how we calculate them. For information only, not investment advice.
With a 20% margin of safety, our buy-below price is ₹303.29.
1-year price
EOD · 2026-07-3152-week range
-11.98% from the 52-week high.
Price above both moving averages reads as an intact uptrend; below both, the trend is against you.
Verdict pillars
Buy65Piotroski F-score 5/9 — quality of earnings & balance sheet.
Our scores
Durability rewards strong, low-debt, profitable businesses; Valuation rewards stocks cheap vs their sector; Momentum rewards strong price trends.
Investability checklist
- No data: ROE above 15%
- Pass: Low debt (D/E < 0.5): 0.16x
- Pass: Positive free cash flow
- Pass: Revenue growth > 10%: 12%
- Fail: Earnings growing: -11%
- Fail: Net margin ≥ 10%: 7.6%
- No data: Current ratio > 1.5
- Pass: Below our fair value
- Pass: Margin of safety ≥ 20%
- Pass: Above 200-day average
- Pass: Above 50-day average
- No data: Positive 1-year return
- Pass: Altman Z in safe zone: Z 4.39
- Fail: Piotroski ≥ 7: 5/9
Shareholding
- Promoter61.9%
- Institutions1.5%
- Public & other36.6%
Promoter holding via insider stake; institutional via reported holdings.
Key fundamentals
Bull case vs bear case
Bull case
Strengths
- Lightly leveraged balance sheet.
- Financially solid — Altman Z 4.39.
Opportunities
- Revenue growing (12% YoY).
- Trading in our value buy zone versus sector peers.
- Trades ~30% below our estimated fair value.
Bear case
Threats
- Earnings contracting year on year.
About Onward Technologies Limited
Onward Technologies Limited provides software and technology outsourcing services across India, the United States, Europe, Canada, and the United Kingdom. The company delivers digital and engineering research and development services to original equipment manufacturers in industrial equipment, heavy machinery, transportation, mobility, and healthcare and life sciences sectors, alongside digital services offerings.
Onward Technologies Limited — frequently asked questions
Is Onward Technologies Limited a buy, hold or sell?
StocksWizard currently rates Onward Technologies Limited (ONWARDTEC) a Buy, based on a blended score of 65/100 across valuation, quality, momentum and price trend. This is our own model-based view, not investment advice.
What is Onward Technologies Limited's fair value?
Our blended DCF and relative-valuation model estimates Onward Technologies Limited's fair value at about ₹379.11, versus a current price of ₹292.1 — roughly 30% upside. On that basis the stock looks undervalued by 30%.
Is Onward Technologies Limited financially healthy?
Onward Technologies Limited scores 85/100 on our financial-health model, placing it in the safe band on the Altman Z-score, with a Piotroski F-score of 5/9.
How has Onward Technologies Limited's share price performed?
Onward Technologies Limited is up 23% over three months, and last traded at ₹292.1. Past performance doesn't predict future returns.
More in Technology
View allOur verdict, fair value, financial-health and checklist are StocksWizard's own estimates, computed from public end-of-day data using standard models (DCF, relative valuation, Altman Z, Piotroski). For information only — not investment advice or a recommendation. Verify independently before investing.