Onward Technologies Ltd.- History, Latest Updates, Milestones, Subsidiaries & Share Price
Overview of the Company
Onward Technologies Ltd is an India-based engineering services provider, focusing on outsourced product development, and high-end technology solutions. The globally operating company is based in Mumbai and operates several delivery centers in key Indian cities. The operational framework of the group is gradually expanding in North America and Europe, working with original equipment manufacturers from the transportation, industrial systems, heavy machinery, and healthcare domains.
The company’s strengths are divided into four categories, which are divided based on its business, and it provides its clients with capabilities that are needed for product innovation and increasing returns on research and development investments. The company service offerings are categorized into sophisticated software development and engineering and analytics, cloud platforms, data engineering, DevOps, early-stage test solutions, and embedded systems, systems engineering, and mechanical design services.
By leveraging core strengths in domain expertise related to Industry 4.0 manufacturing solutions, Digital Factory Initiatives, and smart and connected product solutions, along with its time-honored relationships with leading global OEMs, Onward Technologies has been able to establish its identity as a company that provides more than just engineering solutions—as a full-service IT player.
It is reassuring for investors, and specifically those monitoring the performance of the Onward Technologies share price, to note that the diversified capabilities of the company, its global client base, and its effective offshore delivery mechanism are all factors which promote its growth prospects, valuation potential, and possible re-rating driven by improving business momentum and pricing strength.
Recent Developments in 2025
January
Onward Technologies had a pretty decent performance in Q3 FY25, wherein revenue came at Rs.123.4 crore, up 8.2% YoY; seasonal challenges were faced. EBITDA margin was at 9.1%. During the earnings call held on January 21, management indicated decent order visibility in Q4, primarily from top clients, alongside continued investments in infrastructure. At the end of January, Onward Technologies share price was trading close to Rs. 290 .
February–March
The company declared its Q4 FY25 performance in May, with a massive 55.84% surge in net profit to Rs.10.41 crore. Sales grew 7.47% YoY to Rs.127.29 crore, with full-year revenues of Rs.491.32 crore. The shareholding pattern remained unchanged as of March 31, with the promoter ownership maintained. In this period, Onward Technologies share price oscillated between Rs.270 and Rs.312.
April–June
Onward Technologies reported a net revenue of Rs.133.15 crore for Q1 FY26, up 13.23% over the year-ago quarter. Net profit jumped 79.62% to Rs.12.73 crore, while the PBIDTM rose to 14.72%. Onward Technologies conducted its 34th Annual General Meeting on July 16. In April, it neared the lower end of the 52-week range, after the Onward Technologies share price closed at around Rs.362.
July–September
In order to further its reach in the auto and industry business, the corporation moved its European operations from Birmingham and Munich, starting on August 1st. In addition, its business in Chennai was further strengthened with the opening of its new design center on August 11th to improve its delivery capacity. The Q2 FY26 has registered a record quarter with its revenue growing by 12.4% over Q2 FY24 to touch Rs.140.1 crore, its highest ever quarter. The EBITDA has increased to 14.3%, while its profit after taxes has soared by 237% to Rs.11.94 crore.
October–December
The transcript of the Q2 results of FY26 earnings call was unveiled on October 24, when the company announced the planned outlay of Rs.18 crore as a capital expense. The meeting of the investors was organized on November 19, and subsequently, the trading window was closed on December 22 in preparation for the announcement of results for the period of FY26-27. At the end of 2025, Onward Technologies share price was range-bound between Rs.288 to Rs.299.
Evolution
Onward Technologies Ltd., established in the year 1991, has come from being a software solutions company to becoming a world leader in engineering research and development (ER&D). This is because of their forays into various sectors with increased certification levels in more lucrative areas such as transportation, machinery, and the healthcare industry.
1991-1995
The Company began operations in July 1991 as Onward Engineering Technologists Private Limited promoted by Harish Mehta, one of the founders of NASSCOM. The Company was listed in 1994 through an IPO of Rs. 525.25 lakhs on BSE & NSE in 1995 in the areas of CAD/CAM/CAE, Banking, and Networking Solutions. The expansion of facilities was underway during the plans for Software Technology Park.
1996-2000
In 1996, it won ‘In House R&D’ recognition from the Indian Government. The US subsidiary, ‘Onward Technologies Inc.’, was formed in 1997 with its offices in California and Utah; subsequently, it acquired a UK office in 1999 and began its ‘ISO 9000’ initiative in 1998. Collaboration with ‘Novell’ and allocation of preferred shares further improved its prospects in global IT in 2000.
2001-2010
Diversification in the ER&D space speed up with the certification of ISO 9001 & 27001 for the Indian operations and opening of a Chicago office. Major acquisitions were of Kale Consultants in 2003 for $1.5M US contract in 2004, opening of Pune facility in 2005, CAE center in 2006, and John Deere Design Center in 2007. Second Pune engineering facility was established in 2008.
2011-2020
New units were opened: Michigan in 2012, and Chennai Engineering Excellence Center in 2016. A new managing director, Jigar Mehta, was appointed in 2016, shifting focus to ER &D and digital transformation. Collaboration agreements with Dassault Systèmes in 2017 and with Quark Software in 2018 strengthened them. Founder Harish Mehta was awarded the lifetime achievement award in 2018.
2021-Present
Offices opened in Amsterdam and Canada in 2021, as well as investment for Convergent Finance’s 24.7% stake. Net-debt-free, achieved net revenue growth of 28% in FY22, and awards such as Business Excellence Awards from Dun & Bradstreet. Revenue grew to Rs. 498.5 Cr. in FY25, with 9.1% EBITDA margins, covering 2,581 employees across its 12 offices
Company Information
| Company Information | |
| Trade Name | Onward Technologies Ltd. |
| Founded year | 1991 |
| Headquarters | Mumbai, Maharashtra, India |
| Industry | IT Software / Engineering R&D |
| Chairman | Harish Mehta |
| Revenue | Rs.498.53 Cr (FY25) |
| NSE code | ONWARDTEC |
| BSE code | 517536 |
Milestones
1991: Incorporated under the name Onward Engineering Technologists Private Limited by Harish Mehta, another co-founder of NASSCOM
1993: Initiated high-end software solutions for CAD/CAM/CAE, banking, and networking
1994: Changed to a public limited company; conducted initial public offering and raised 525.25 lakhs
1996: In-house R&D awards from India’s Ministry of Science & Technology.
1997: Established US Subsidiary in California & Utah; Partnership with Mod-Tap for Networking Devices.
1998: Enhanced US presence; pursuit of ISO 9000 certification.
1999: Opened UK branch office.
2000: Global Partnership with Novell, ESOP allotments to employees.
2003: Bought Kale Consultants’ banking products business.
2005: Opened Pune Development Center expansion.
2006: Opened a CAE simulation
2007: Agreement with John Deere for Pune Engineering Design Services Centre.
2008: Established second product engineering center in Pune.
2012: Opens a new development center in Michigan, US.
2016: Engineering Excellence Center in Chennai; Jigar Mehta is appointed as the Managing Director.
2017: Collaboration with Dassault Systèmes for the adoption of 3D EXPERIENCE platform
2020-21: Reached the zero net-debt status.
2021: The company established operational bases in Amsterdam, Netherlands.
Major Awards & Accomplishments
- Onward Technologies won the Dun & Bradstreet Business Excellence Award as ‘Business Enterprise of Tomorrow’ in November 2021 for increasing the R&D returns of its clients.
- Engineering Partner of the Year award during the 4th Inn-Tech Awards for technology excellence was won in June 2022.
- October 2022 saw the award for the Quantic Technology Excellence Award for the Best ER&D Partner in the Automobile and Industrial Equipment industry.
- Other recent achievements include the 2025 ‘Times Aspire Business Leader’ award in Organizational Excellence.
- Lifetime achievement awards were won by Founder Harish Mehta; one of these is from IMC in 2018.
Onward Technologies latest News, Major Corporate Actions & Announcements in 2025
Onward Technologies, one of the prominent players in digital engineering and ER&D services, had the year 2025 with continued financial progress and normal business activities despite the fluctuations in Onward Technologies share prices.
Financial Highlights
The company reported impressive quarterly performance in 2025, including Q2 of FY26, where it saw a consolidated improvement of 3.3 percent QoQ and 12.4 percent YoY, along with a net profit increase of 237 % YoY to Rs.11.94 crore. In March 2025, the company's net sales increased by 7.47 percent YoY, along with a 55.84 % increase in net profit at Rs.10.41 crore.
Important Announcements
Onward Technologies enlarged their offshore design center at Chennai during August 2025 to service their customers within the industrial machinery and mobility business divisions, targeting a growth of employee base to 2,000 workers to fulfill the escalating demands within the US and Europe market. The company announced a final dividend of Rs.5 (50%) with an ex-date of July 4, 2025 after approval from their board of directors during the month of May.
Corporate Actions
In Board meetings were scheduled regularly for result approvals: October 17 for Q2 FY26, July 16 for Q1 FY26, May 16 for Q4 FY25 audited results and dividend declaration, and January 21 for Q3 FY25. The promoter group company, JHM Enterprises, bought 50,000 shares from the market, reflecting market confidence. The 34th AGM, and its meeting process and scrutinizer, were reported ex post facto.
Onward Technologies share price Trends
According to Onward Tech share were trending in the vicinity of Rs.303-320 towards the end of 2025, with a 52-week high price at Rs.385, opening YTD performances unbalanced at -9% in one year, but an incredible 399% in five years. Peaks in June volumes triggered explanations from stock exchanges, which the company responded to efficiently. Market cap remained in the vicinity of Rs.650-720 crores, PE Ratio close to 17.5.
Onward Technologies share price NSE
| Company Name | Sector | Share Price Link |
| Onward Technologies Ltd. | Software & IT Services | Onward Technologies share price |
Conclusion
Onward Technologies Ltd. Strengthens its Position in Engineering R&D & Digital Solutions With 2025 Growth, Increased Global Delivery Centers, & Successful Quarter Performance. The current Onward Technologies share price can be tracked on the Enrich Money platform for an actual update on its steady performance at or around Rs. 290-300. The stock can be considered promising for investment due to an attractive market cap of around Rs. 690 Cr & robust demand in the ER&D sector.
Frequently Asked Questions
What is the Onward Technologies stock price today?
Onward Technologies share price hovers around Rs. 303-304 in NSE at the beginning of 2026, having a market cap of around Rs. 690 crores and a 52-week range of Rs. 206-385.
What is driving the Onward Technologies share price?
Strong quarterly growth, such as 12.4% YoY revenue in Q2 FY26, expansion in Chennai and Europe, and consistent profitability with EBITDA margins near 14%, drive Onward Technologies share price.
What can be the short-term Onward Technologies share price target?
Analyst consensus has Onward Technologies share price target at around Rs. 700, implying more than a 12% upside from the current levels based on recent financials and growth outlook.
What is Onward Technologies share price target 2030?
Onward Technologies share price target 2030 range from a minimum of Rs. 1,189 to a maximum of Rs. 1,535.
What are the factors behind a long-term Onward Technologies share price target prediction?
Onward Technologies share price is benefited by achievements like being debt-free, 28% FY22 revenue growth, awards received, and diversification of business into the area of digital engineering for the automotive and healthcare industries.
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Onward Technologies Share Price Today
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