Onward TechnologiesBOM:517536 +5.23%82 Current Ratio is 3.66 as of Mar. 2026, which is 54% above its 10-year median of 2.37. GuruFocus rates BOM:517536 with a GF Score™ of 82/100 and a GF Value™ of ₹405.79 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,866 Software companies, Onward Technologies ranks better than 79.38% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Onward Technologies's current ratio for the quarter that ended in Mar. 2026 was 3.66.
Onward Technologies has a current ratio of 3.66. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Onward Technologies's Current Ratio or its related term are showing as below:
BOM:517536'
s Current Ratio Range Over the Past 10 Years
Min: 1.45 Med: 2.37 Max: 3.87
Current: 3.66
During the past 13 years, Onward Technologies's highest Current Ratio was 3.87. The lowest was 1.45. And the median was 2.37.
BOM:517536's Current Ratio is ranked better than 79.38% of 2866
companies
in the Software industry
Industry Median: 1.815
vs BOM:517536: 3.66
Onward Technologies (BOM:517536) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Onward Technologies Current Ratio Related Terms
Onward Technologies Current Ratio Historical Data
* Premium members only.
The historical data trend for Onward Technologies's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BOM:517536 vs IBM, ACN, FISV: Current Ratio Comparison
For the Information Technology Services subindustry, Onward Technologies's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Onward Technologies Current Ratio vs Software Industry
For the Software industry and Technology sector, Onward Technologies's Current Ratio distribution charts can be found below:
* The bar in red indicates where Onward Technologies's Current Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Onward Technologies (BOM:517536) has a Current Ratio of 3.66 as of Mar. 2026. This is 54% above median its historical median of 2.37. Over the past decade, Onward Technologies' Current Ratio has ranged from 1.45 to 3.87. According to the industry distribution chart, Onward Technologies ranks #591 out of 2866 companies in the Software industry, placing it in the top 20.6%.
Is Onward Technologies' Current Ratio too high?
Onward Technologies' current Current Ratio of 3.66 is 54% above median its 10-year median of 2.37. Over the past 10 years, this metric has ranged from a low of 1.45 to a high of 3.87. The Software industry median Current Ratio is 1.82. Onward Technologies' value of 3.66 is 101.7% above this industry median. Based on the distribution chart, Onward Technologies ranks #591 out of 2866 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Onward Technologies has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Onward Technologies' Current Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Onward Technologies ranks #591 out of 2866 companies for Current Ratio. This places Onward Technologies in the top 21% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.82. Onward Technologies' value of 3.66 is 101.7% above this benchmark. Historically, Onward Technologies' own Current Ratio has ranged from 1.45 to 3.87 over the past decade. While the company's 10-year median is 2.37 vs. the industry median of 1.82, Onward Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Software company?
The median Current Ratio among Software companies is 1.82, based on 2,866 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Onward Technologies's current Current Ratio of 3.66 is 101.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median Current Ratio is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onward Technologies's current Current Ratio is 3.66, which is 54% above median its own 10-year median of 2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onward Technologies stock overvalued right now?
Based on GuruFocus' analysis, Onward Technologies (BOM:517536) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹405.79, compared to a current price of ₹283.55 — trading 30.1% below its estimated fair value. The current Current Ratio is 3.66, which is 54% above median its 10-year median of 2.37 and 101.7% above the Software industry median of 1.82. Onward Technologies' overall GF Score™ is 82/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Onward Technologies (BOM:517536), the current Current Ratio is 3.66 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Onward Technologies (BOM:517536) Overvalued in 2026?
Based on GuruFocus' analysis, Onward Technologies stock appears to be undervalued.
The current stock price of ₹283.55 is trading 30.1% below its estimated GF Value™ of ₹405.79.
GuruFocus considers Onward Technologies to be Significantly Undervalued.
Key valuation signals for BOM:517536:
Current Ratio: 3.66 (54% above median its 10-year median of 2.37)
GF Value™: ₹405.79 vs. price of ₹283.55 (30.1% below fair value)
Industry Position: 101.7% above the Software median (#591 of 2866)
No single metric tells the full story. See the BOM:517536 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Onward Technologies Ltd is an Indian company that is engaged in software development, testing, and integration for partner industries of the future. Its services are Digital Services, Embedded Products & Systems, and Mechanical Product Engineering. Its industries include Automotive, Renewables, Hydro Energy, Construction, Agricultural and Mining Equipment, Rail Transportation, and others. It has one operating segment which is ER&D (Engineering, Research and Development) service and digital services. The majority of the company's revenue comes from India. It also operates outside India.
82GF Score
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