Onward Technologies Ltd
Onward Technologies Ltd (ONWARDTEC)

Onward Technologies Ltd (ONWARDTEC)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-23.22 %
3 Month Return-3.26 %
1 Year Return84.38 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 56
Rank 30
Rank 65
Dividend Yield
Rank 10
Rank 28
Price To Book Ratio
Rank 88
Debt To Asset
Rank 63

Company Information

Onward Technologies a Onward group company operates in the ITES segment through its Engineering Design Services Business and in the IT software Segment through its Software Development Business.Originally it was incorporated under the name Onward Engineering Technologists Private Ltd in 1991 and represented International Leaders in MCAD ECAD Technologies Viz. Autodesk SDRC Viewlogic Chemshare for Indian Market. In 1993 it started developing software for computer controlled CNC Machines. Later in 1994 the business lines of erstwhile groupcompanies the Onward Computer Technologies Pvt Ltd.a System Integration Company and Onward Network Technologies Pvt Ltd.A Network Solutions Company were acquired to consolidate synergistic business in IT. The company was also converted into a public limited company and the name changed to the present one in the year 1994. The company has also made its maiden public offer at a premium of Rs.40/ per share in the same year.In 1995 the company has entered into a strategic tieup with Structural Dynamics Research Corporation being Sole distributor on al hardware platforms. The company has closed the system integration division in the year 1997 and shifted its focus to professional services and solutions business. The company tieup with Set Point US for its process simulation software. OTLs banking group offers branch automation solutions like total branch mechanisation based on PC Lan Netware microcomputerbased advanced ledger postings with customised software etc. The companys US subsidiary Onward Technologies Inc. became operational with offices in the states of California and Utah.Onward Technologies during the year 19992000 has entered into a Global Partnership Agreement with Novell Inc. USA to provide ECommerce related consultancy services to various business units of Novell Inc. especially in areas of Net Mangement Net Directory and Net Content.In the year 2000 the company has opened its Pune development centre for PSSD project. and got a large offshore simulation project order from Aspen Tech Software.In 2001 the company has set up a wholly owned subsidiary in Germany under the name Onward Technologies GmbH.The company has established 2 new Software Development Centres in the year 2002one in Pune and another in TurbeMumbai.The company has signed a new partnership agreement recently with Experia SolutionsInc. a highend consulting company which is specialising in the areas of eSolutions.
OrganisationOnward Technologies Ltd
IndustryIT - Software