Onward Technologies (BOM:517536) EBIT: ₹599 Mil (TTM As of Mar. 2026)


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 EBIT?

Onward Technologies BOM:517536 +5.23% 82 EBIT is ₹599 Mil as of Mar. 2026. 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.

Onward Technologies's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹129 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹599 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Onward Technologies's annualized ROC % for the quarter that ended in Mar. 2026 was 18.51%. Onward Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 42.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Onward Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.23%.


Onward Technologies  (BOM:517536) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Onward Technologies's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=437.728 * ( 1 - 21.41% )/( (0 + 1858.263)/ 1 )
=344.0104352/1858.263
=18.51 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3705.682 - 568.97 - ( 1278.449 - max(0, 718.016 - 2630.217+1278.449))
=1858.263

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Onward Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=514.704/( ( (0 + max(0, 0)) + (853.05 + max(365.275, 0)) )/ 1 )
=514.704/( ( 0 + 1218.325 )/ 1 )
=514.704/1218.325
=42.25 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(857.035 + 0 + 121.204) - (568.97 + 0 + 43.994)
=365.275

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Onward Technologies's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=599.363/5339.146
=11.23 %

* 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 EBIT Related Terms


Onward Technologies EBIT Historical Data

* Premium members only.

The historical data trend for Onward Technologies's EBIT 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 EBIT Chart

Onward Technologies Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 328.35 196.96 464.98 385.22 599.36

Onward Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 131.01 164.26 167.90 138.53 128.68

BOM:517536 vs IBM, ACN, FISV: EBIT Comparison

For the Information Technology Services subindustry, Onward Technologies's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, Onward Technologies's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Onward Technologies's EV-to-EBIT falls into.


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

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹599 Mil.

* 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 EBIT →
What does a EBIT of ₹599 Mil mean?
Onward Technologies (BOM:517536) has a EBIT of ₹599 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Onward Technologies.
Is Onward Technologies' EBIT too high?
Onward Technologies' current EBIT is ₹599 Mil. 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' EBIT compare to IBM and ACN?
Onward Technologies' EBIT of ₹599 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Software company?
A good EBIT depends on the Software industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Onward Technologies. Onward Technologies's current EBIT is ₹599 Mil. 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 EBIT is ₹599 Mil. 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 EBIT calculated?
EBIT is calculated from a company's financial statements. For Onward Technologies (BOM:517536), the current EBIT is ₹599 Mil 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:

  • EBIT: ₹599 Mil
  • GF Value™: ₹405.79 vs. price of ₹283.55 (30.1% below fair value)
  • GF Score™: 82/100 with 1 warning sign

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

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

₹283.55
Price
₹405.79
GF Value