Onward Technologies (BOM:517536) Days Payable: 10.66 (As of Mar. 2026) — Near Median


BOM:517536 Onward Technologies Ltd BOM:517536
82 GF Score
Price ₹283.55
GF Value ₹405.79
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Onward Technologies Days Payable?

Onward Technologies BOM:517536 +5.23% 82 Days Payable is 10.66 as of Mar. 2026, which is 8% below its 10-year median of 11.64. 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 2,604 Software companies, Onward Technologies ranks worse than 90.51% on this metric.

Onward Technologies's average Accounts Payable for the three months ended in Mar. 2026 was ₹119 Mil. Onward Technologies's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹1,020 Mil. Hence, Onward Technologies's Days Payable for the three months ended in Mar. 2026 was 10.66.

The historical rank and industry rank for Onward Technologies's Days Payable or its related term are showing as below:

BOM:517536' s Days Payable Range Over the Past 10 Years
Min: 8.54   Med: 11.64   Max: 14.82
Current: 10.74

During the past 13 years, Onward Technologies's highest Days Payable was 14.82. The lowest was 8.54. And the median was 11.64.

BOM:517536's Days Payable is ranked worse than
90.51% of 2604 companies
in the Software industry
Industry Median: 53.955 vs BOM:517536: 10.74

Onward Technologies's Days Payable increased from Mar. 2025 (8.66) to Mar. 2026 (10.66). It may suggest that Onward Technologies delayed paying its suppliers.


Onward Technologies Days Payable Historical Data

* Premium members only.

The historical data trend for Onward Technologies's Days Payable 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.

Onward Technologies Days Payable Chart

Onward Technologies Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.82 12.30 12.82 10.98 10.04

Onward Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.66 8.65 12.82 12.78 10.66

BOM:517536 vs IBM, ACN, FISV: Days Payable Comparison

For the Information Technology Services subindustry, Onward Technologies's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable vs Software Industry

For the Software industry and Technology sector, Onward Technologies's Days Payable distribution charts can be found below:

* The bar in red indicates where Onward Technologies's Days Payable falls into.


BOM:517536
82GF Score
Onward Technologies Ltd BOM:517536
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Onward Technologies Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Onward Technologies's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (92.971 + 119.223) / 2 ) / 3856.473*365
=106.097 / 3856.473*365
=10.04

Onward Technologies's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (0 + 119.223) / 1 ) / 1020.218*365 / 4
=119.223 / 1020.218*365 / 4
=10.66

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 10.66 mean?
Onward Technologies (BOM:517536) has a Days Payable of 10.66 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Onward Technologies and its competitors. This is near median its historical median of 11.64. Over the past decade, Onward Technologies' Days Payable has ranged from 8.54 to 14.82. According to the industry distribution chart, Onward Technologies ranks #2357 out of 2604 companies in the Software industry, placing it in the top 90.5%.
Is Onward Technologies' Days Payable too high?
Onward Technologies' current Days Payable of 10.66 is near median its 10-year median of 11.64. Over the past 10 years, this metric has ranged from a low of 8.54 to a high of 14.82. The Software industry median Days Payable is 53.96. Onward Technologies' value of 10.66 is 80.2% below this industry median. Based on the distribution chart, Onward Technologies ranks #2357 out of 2604 companies in the Software industry, which is in the bottom quartile 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' Days Payable compare to IBM and ACN?
According to the Software industry distribution chart, Onward Technologies ranks #2357 out of 2604 companies for Days Payable. This places Onward Technologies in the lower half of its industry. The industry median Days Payable is 53.96. Onward Technologies' value of 10.66 is 80.2% below this benchmark. Historically, Onward Technologies' own Days Payable has ranged from 8.54 to 14.82 over the past decade. While the company's 10-year median is 11.64 vs. the industry median of 53.96, Onward Technologies has consistently been below 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 Days Payable for a Software company?
The median Days Payable among Software companies is 53.96, based on 2,604 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Onward Technologies's current Days Payable of 10.66 is 80.2% below 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 Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Onward Technologies and its competitors. For the Software industry, the median Days Payable is 53.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onward Technologies's current Days Payable is 10.66, which is near median its own 10-year median of 11.64. 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 Days Payable is 10.66, which is near median its 10-year median of 11.64 and 80.2% below the Software industry median of 53.96. 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 Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Onward Technologies (BOM:517536), the current Days Payable is 10.66 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:

  • Days Payable: 10.66 (near median its 10-year median of 11.64)
  • GF Value™: ₹405.79 vs. price of ₹283.55 (30.1% below fair value)
  • GF Score™: 82/100 with 1 warning sign
  • Industry Position: 80.2% below the Software median (#2357 of 2604)

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 Business Description

Other Exchanges ONWARDTEC:India
Address Almonte IT park, 5th Floor, Next to Radisson Blu Hotel, Kharadi, Pune, MH, IND, 411014
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

Get the complete analysis for BOM:517536

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹283.55
Price
₹405.79
GF Value