Onward Technologies Limited (ONWARDTEC) - Net Assets

Latest as of March 2026: Rs2.54 Billion INR ≈ $27.42 Million USD

Based on the latest financial reports, Onward Technologies Limited (ONWARDTEC) has net assets worth Rs2.54 Billion INR (≈ $27.42 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs3.71 Billion ≈ $40.08 Million USD) and total liabilities (Rs1.17 Billion ≈ $12.66 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible net worth ratio of Onward Technologies Limited to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs2.54 Billion
% of Total Assets	68.41%
Annual Growth Rate	9.88%
5-Year Change	55.33%
10-Year Change	493.16%
Growth Volatility	34.09

Onward Technologies Limited - Net Assets Trend (2006–2026)

This chart illustrates how Onward Technologies Limited's net assets have evolved over time, based on quarterly financial data. See ONWARDTEC defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Onward Technologies Limited (2006–2026)

The table below shows the annual net assets of Onward Technologies Limited from 2006 to 2026. For live valuation and market cap data, see market value of Onward Technologies Limited.

Year	Net Assets	Change
2026-03-31	Rs2.54 Billion ≈ $27.42 Million	+13.02%
2025-03-31	Rs2.24 Billion ≈ $24.26 Million	+8.29%
2024-03-31	Rs2.07 Billion ≈ $22.40 Million	+19.13%
2023-03-31	Rs1.74 Billion ≈ $18.80 Million	+6.53%
2022-03-31	Rs1.63 Billion ≈ $17.65 Million	+119.13%
2021-03-31	Rs744.81 Million ≈ $8.05 Million	+9.42%
2020-03-31	Rs680.69 Million ≈ $7.36 Million	+11.55%
2019-03-31	Rs610.20 Million ≈ $6.60 Million	+22.53%
2018-03-31	Rs498.01 Million ≈ $5.39 Million	+16.53%
2017-03-31	Rs427.38 Million ≈ $4.62 Million	+18.94%
2016-03-31	Rs359.33 Million ≈ $3.89 Million	+13.13%
2015-03-31	Rs317.62 Million ≈ $3.43 Million	+20.61%
2014-03-31	Rs263.34 Million ≈ $2.85 Million	+13.01%
2013-03-31	Rs233.03 Million ≈ $2.52 Million	+29.41%
2012-03-31	Rs180.07 Million ≈ $1.95 Million	+75.75%
2011-03-31	Rs102.45 Million ≈ $1.11 Million	-51.73%
2010-03-31	Rs212.26 Million ≈ $2.30 Million	-10.80%
2009-03-31	Rs237.95 Million ≈ $2.57 Million	-34.32%
2008-03-31	Rs362.27 Million ≈ $3.92 Million	-1.18%
2007-03-31	Rs366.59 Million ≈ $3.96 Million	-4.78%
2006-03-31	Rs384.99 Million ≈ $4.16 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Onward Technologies Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs224.44 Million	8.85%
Other Components	Rs2.31 Billion	91.15%
Total Equity	Rs2.54 Billion	100.00%

Onward Technologies Limited Competitors by Market Cap

The table below lists competitors of Onward Technologies Limited ranked by their market capitalization.

Company	Market Cap
Heidmar Maritime Holdings Corp. Common Stock NYSE:HMR	$62.24 Million
Citius Oncology, Inc. NASDAQ:CTOR	$62.27 Million
P.A. Resources Bhd KLSE:7225	$62.34 Million
CHANJET INFO.TECHN.-H-YC1 F:C7D	$62.35 Million
Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A AT:ATRUST	$62.19 Million
MCT Bhd KLSE:5182	$62.19 Million
Deneb Investments Ltd JSE:DNB	$62.18 Million
Stonebridge Acquisition Corp NASDAQ:APAC	$62.16 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Onward Technologies Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 2,243,010,000 to 2,535,070,000, a change of 292,060,000 (13.0%).
Net income of 443,239,000 contributed positively to equity growth.
Dividend payments of 113,425,000 reduced retained earnings.
Share repurchases of 100,647,000 reduced equity.
Other comprehensive income decreased equity by 98,992,000.
Other factors increased equity by 161,885,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs443.24 Million	+17.48%
Dividends Paid	Rs113.42 Million	-4.47%
Share Repurchases	Rs100.65 Million	-3.97%
Other Comprehensive Income	Rs-98.99 Million	-3.9%
Other Changes	Rs161.88 Million	+6.39%
Total Change	Rs-	13.02%

Book Value vs Market Value Analysis

This analysis compares Onward Technologies Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 2.30x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 8.54x to 2.30x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-03-31	Rs30.03	Rs256.40	x
2007-03-31	Rs27.34	Rs256.40	x
2008-03-31	Rs26.81	Rs256.40	x
2009-03-31	Rs17.93	Rs256.40	x
2010-03-31	Rs15.62	Rs256.40	x
2011-03-31	Rs7.71	Rs256.40	x
2012-03-31	Rs13.40	Rs256.40	x
2013-03-31	Rs15.62	Rs256.40	x
2014-03-31	Rs17.80	Rs256.40	x
2015-03-31	Rs20.67	Rs256.40	x
2016-03-31	Rs22.63	Rs256.40	x
2017-03-31	Rs26.36	Rs256.40	x
2018-03-31	Rs30.16	Rs256.40	x
2019-03-31	Rs37.17	Rs256.40	x
2020-03-31	Rs41.00	Rs256.40	x
2021-03-31	Rs44.12	Rs256.40	x
2022-03-31	Rs83.87	Rs256.40	x
2023-03-31	Rs76.44	Rs256.40	x
2024-03-31	Rs90.42	Rs256.40	x
2025-03-31	Rs97.83	Rs256.40	x
2026-03-31	Rs111.64	Rs256.40	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Onward Technologies Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 17.48%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 8.15%
• Asset Turnover: 1.47x
• Equity Multiplier: 1.46x
Recent ROE (17.48%) is above the historical average (8.12%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	-3.88%	-2.30%	0.83x	2.05x	Rs-53.44 Million
2007	-5.99%	-3.09%	0.86x	2.26x	Rs-58.60 Million
2008	-6.86%	-3.16%	0.96x	2.26x	Rs-61.09 Million
2009	-54.49%	-14.57%	1.23x	3.04x	Rs-153.46 Million
2010	-12.97%	-3.27%	1.31x	3.03x	Rs-48.75 Million
2011	48.77%	4.84%	1.76x	5.73x	Rs39.72 Million
2012	36.15%	4.99%	1.85x	3.91x	Rs47.09 Million
2013	22.88%	3.65%	1.83x	3.42x	Rs30.02 Million
2014	0.29%	0.05%	1.94x	3.26x	Rs-25.58 Million
2015	9.15%	1.53%	2.14x	2.78x	Rs-2.71 Million
2016	8.87%	1.61%	2.18x	2.52x	Rs-4.07 Million
2017	12.43%	2.37%	2.23x	2.35x	Rs10.38 Million
2018	13.49%	2.75%	2.43x	2.02x	Rs17.36 Million
2019	16.61%	3.91%	2.43x	1.75x	Rs40.32 Million
2020	9.16%	2.33%	1.97x	2.00x	Rs-5.69 Million
2021	9.85%	3.05%	1.75x	1.85x	Rs-1.10 Million
2022	14.51%	7.71%	1.34x	1.41x	Rs73.63 Million
2023	6.60%	2.60%	1.82x	1.39x	Rs-59.07 Million
2024	16.37%	7.18%	1.65x	1.39x	Rs132.04 Million
2025	12.07%	5.51%	1.57x	1.40x	Rs46.48 Million
2026	17.48%	8.15%	1.47x	1.46x	Rs189.73 Million

Industry Comparison

This section compares Onward Technologies Limited's net assets metrics with peer companies in the Information Technology Services industry.

Industry Context

Industry: Information Technology Services
Average net assets among peers: $1,288,686,160
Average return on equity (ROE) among peers: 67.21%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Onward Technologies Limited (ONWARDTEC)	Rs2.54 Billion	-3.88%	0.46x	$62.23 Million
AAA Technologies Limited (AAATECH)	$48.50 Million	20.61%	1.07x	$13.64 Million
Accelya Solutions India Limited (ACCELYA)	$1.13 Billion	73.39%	0.92x	$184.28 Million
Adroit Infotech Limited (ADROITINFO)	$62.35 Million	-0.08%	1.33x	$5.85 Million
Airan Limited (AIRAN)	$188.59 Million	6.62%	0.62x	$22.00 Million
Alankit Limited (ALANKIT)	$469.05 Million	28.31%	0.66x	$25.37 Million
Bartronics India Limited (ASMS)	$254.08 Million	433.82%	0.09x	$26.22 Million
BIRLASOFT LIMITED (BSOFT)	$2.64 Billion	19.89%	0.66x	$982.78 Million
Computer Age Management Services Limited (CAMS)	$5.16 Billion	39.80%	0.63x	$2.23 Billion
Cigniti Technologies Limited (CIGNITITEC)	$2.67 Billion	45.50%	0.80x	$374.23 Million
Cambridge Technology Enterprises Limited (CTE)	$258.77 Million	4.28%	0.23x	$6.62 Million

About Onward Technologies Limited

NSE:ONWARDTEC India Information Technology Services

Market Cap

$62.23 Million

Rs5.75 Billion INR

Market Cap Rank

#21106 Global

#1155 in India

Share Price

Rs256.40

Change (1 day)

-0.39%

52-Week Range

Rs210.15 - Rs379.95

All Time High

Rs697.73