Onward Technologies Limited (ONWARDTEC) - Net Assets
Based on the latest financial reports, Onward Technologies Limited (ONWARDTEC) has net assets worth Rs2.32 Billion INR (≈ $25.11 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs3.41 Billion ≈ $36.90 Million USD) and total liabilities (Rs1.09 Billion ≈ $11.79 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 Onward Technologies Limited liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs2.32 Billion |
| % of Total Assets | 68.04% |
| Annual Growth Rate | 9.72% |
| 5-Year Change | 201.15% |
| 10-Year Change | 524.22% |
| Growth Volatility | 34.97 |
Onward Technologies Limited - Net Assets Trend (2006–2025)
This chart illustrates how Onward Technologies Limited's net assets have evolved over time, based on quarterly financial data. Also explore Onward Technologies Limited asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Onward Technologies Limited (2006–2025)
The table below shows the annual net assets of Onward Technologies Limited from 2006 to 2025. For live valuation and market cap data, see market value of Onward Technologies Limited.
| Year | Net Assets | Change |
|---|---|---|
| 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 grown by 98843200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs988.43 Million | 44.07% |
| Common Stock | Rs226.86 Million | 10.11% |
| Other Comprehensive Income | Rs98.99 Million | 4.41% |
| Other Components | Rs928.73 Million | 41.41% |
| Total Equity | Rs2.24 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 |
|---|---|
|
Jati Tinggi Group Berhad
KLSE:0292
|
$59.66 Million |
|
KTIS Corporation
KO:058860
|
$59.66 Million |
|
Ta Yih Industrial Co Ltd
TW:1521
|
$59.68 Million |
|
BP Plastics Holding Bhd
KLSE:5100
|
$59.72 Million |
|
The Intergroup Corporation
NASDAQ:INTG
|
$59.65 Million |
|
DANIEL THWAITES LS-25
F:7KW
|
$59.62 Million |
|
Yuhan Corp Preferred
KO:000105
|
$59.61 Million |
|
Ekinops SA
PA:EKI
|
$59.59 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 2024 to 2025, total equity changed from 2,071,323,000 to 2,243,010,000, a change of 171,687,000 (8.3%).
- Net income of 270,777,000 contributed positively to equity growth.
- Dividend payments of 111,954,000 reduced retained earnings.
- New share issuances of 3,250,000 increased equity.
- Other comprehensive income decreased equity by 23,023,000.
- Other factors increased equity by 32,637,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs270.78 Million | +12.07% |
| Dividends Paid | Rs111.95 Million | -4.99% |
| Share Issuances | Rs3.25 Million | +0.14% |
| Other Comprehensive Income | Rs-23.02 Million | -1.03% |
| Other Changes | Rs32.64 Million | +1.46% |
| Total Change | Rs- | 8.29% |
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: 2.48x
- 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 8.08x to 2.48x 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 | Rs242.63 | x |
| 2007-03-31 | Rs27.34 | Rs242.63 | x |
| 2008-03-31 | Rs26.81 | Rs242.63 | x |
| 2009-03-31 | Rs17.93 | Rs242.63 | x |
| 2010-03-31 | Rs15.62 | Rs242.63 | x |
| 2011-03-31 | Rs7.71 | Rs242.63 | x |
| 2012-03-31 | Rs13.40 | Rs242.63 | x |
| 2013-03-31 | Rs15.62 | Rs242.63 | x |
| 2014-03-31 | Rs17.80 | Rs242.63 | x |
| 2015-03-31 | Rs20.67 | Rs242.63 | x |
| 2016-03-31 | Rs22.63 | Rs242.63 | x |
| 2017-03-31 | Rs26.36 | Rs242.63 | x |
| 2018-03-31 | Rs30.16 | Rs242.63 | x |
| 2019-03-31 | Rs37.17 | Rs242.63 | x |
| 2020-03-31 | Rs41.00 | Rs242.63 | x |
| 2021-03-31 | Rs44.12 | Rs242.63 | x |
| 2022-03-31 | Rs83.87 | Rs242.63 | x |
| 2023-03-31 | Rs76.44 | Rs242.63 | x |
| 2024-03-31 | Rs90.42 | Rs242.63 | x |
| 2025-03-31 | Rs97.83 | Rs242.63 | 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): 12.07%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.51%
- • Asset Turnover: 1.57x
- • Equity Multiplier: 1.40x
- Recent ROE (12.07%) is above the historical average (7.65%), 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 |
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: $1,245,774,409
- Average return on equity (ROE) among peers: 11.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Onward Technologies Limited (ONWARDTEC) | Rs2.32 Billion | -3.88% | 0.47x | $59.65 Million |
| AAA Technologies Limited (AAATECH) | $253.85 Million | 11.30% | 0.09x | $13.80 Million |
| Accelya Solutions India Limited (ACCELYA) | $1.80 Billion | 49.66% | 0.42x | $187.02 Million |
| Adroit Infotech Limited (ADROITINFO) | $159.54 Million | -2.39% | 0.01x | $5.85 Million |
| Airan Limited (AIRAN) | $188.59 Million | 6.62% | 0.62x | $22.15 Million |
| Alankit Limited (ALANKIT) | $3.75 Million | 22.76% | 4.62x | $27.04 Million |
| Bartronics India Limited (ASMS) | $664.69 Million | -75.68% | 23.36x | $25.79 Million |
| BIRLASOFT LIMITED (BSOFT) | $1.42 Billion | 22.91% | 0.88x | $1.11 Billion |
| Computer Age Management Services Limited (CAMS) | $7.82 Billion | 36.45% | 0.40x | $1.98 Billion |
| Cigniti Technologies Limited (CIGNITITEC) | $115.76 Million | 0.58% | 0.23x | $351.04 Million |
| Cambridge Technology Enterprises Limited (CTE) | $29.18 Million | 47.30% | 0.49x | $6.93 Million |
About Onward Technologies Limited
Onward Technologies Limited operates as a software and technology services outsourcing company. The company offers digital and engineering research and development services for original equipment manufacturers (OEMs) in industrial equipment and heavy machinery, transportation, mobility, and healthcare and life sciences sectors. It also provides digital services, such as advanced software developm… Read more