Financials Onward Technologies Limited

Equities

ONWARDTEC

INE229A01017

IT Services & Consulting

Market Closed - Bombay S.E. 06:11:59 2024-04-26 am EDT 5-day change 1st Jan Change
470.2 INR +2.07% Intraday chart for Onward Technologies Limited -2.97% -24.73%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 1,358 1,083 705.9 1,850 7,933 6,424
Enterprise Value (EV) 1 1,508 1,218 875.2 1,815 7,623 6,111
P/E ratio 21.5 x 11.1 x 11.7 x 26 x 29.6 x 57 x
Yield 1.14% 2.19% 3.41% 2.65% 0.83% 1.04%
Capitalization / Revenue 0.56 x 0.42 x 0.26 x 0.77 x 2.58 x 1.46 x
EV / Revenue 0.62 x 0.47 x 0.32 x 0.75 x 2.48 x 1.39 x
EV / EBITDA 16.6 x 6.29 x 5.49 x 13.7 x 47.4 x 29.1 x
EV / FCF 26 x 21.5 x 3.73 x 18.6 x -23.9 x 130 x
FCF Yield 3.85% 4.65% 26.8% 5.37% -4.19% 0.77%
Price to Book 2.73 x 1.78 x 1.04 x 2.48 x 4.86 x 3.69 x
Nbr of stocks (in thousands) 15,542 15,805 16,043 16,339 22,021 22,305
Reference price 2 87.40 68.55 44.00 113.2 360.2 288.0
Announcement Date 7/20/18 7/1/19 6/22/20 6/21/21 6/25/22 6/22/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 2,445 2,595 2,715 2,404 3,073 4,409
EBITDA 1 90.64 193.6 159.6 132.2 160.7 209.7
EBIT 1 57.86 158.7 126.4 99.09 129.2 166.9
Operating Margin 2.37% 6.11% 4.66% 4.12% 4.2% 3.78%
Earnings before Tax (EBT) 1 75.09 152 96.43 98.13 318.3 180.3
Net income 1 67.16 101.3 62.38 73.38 236.8 114.8
Net margin 2.75% 3.91% 2.3% 3.05% 7.71% 2.6%
EPS 2 4.070 6.170 3.760 4.350 12.17 5.050
Free Cash Flow 1 58.06 56.67 234.5 97.49 -319.2 47.17
FCF margin 2.37% 2.18% 8.64% 4.06% -10.39% 1.07%
FCF Conversion (EBITDA) 64.05% 29.27% 146.96% 73.75% - 22.5%
FCF Conversion (Net income) 86.44% 55.92% 375.92% 132.86% - 41.09%
Dividend per Share 2 1.000 1.500 1.500 3.000 3.000 3.000
Announcement Date 7/20/18 7/1/19 6/22/20 6/21/21 6/25/22 6/22/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 150 134 169 - - -
Net Cash position 1 - - - 34.9 310 313
Leverage (Debt/EBITDA) 1.653 x 0.693 x 1.061 x - - -
Free Cash Flow 1 58.1 56.7 234 97.5 -319 47.2
ROE (net income / shareholders' equity) 14.6% 18.3% 9.66% 10.3% 19.9% 6.81%
ROA (Net income/ Total Assets) 3.78% 9.56% 6.51% 4.52% 4.4% 4.42%
Assets 1 1,775 1,060 958.2 1,622 5,385 2,596
Book Value Per Share 2 32.00 38.60 42.40 45.60 74.10 77.90
Cash Flow per Share 2 4.860 2.750 11.10 17.40 22.50 21.20
Capex 1 32.9 42.9 19.9 126 221 52.4
Capex / Sales 1.35% 1.65% 0.73% 5.25% 7.19% 1.19%
Announcement Date 7/20/18 7/1/19 6/22/20 6/21/21 6/25/22 6/22/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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