Onward TechnologiesBOM:517536 +5.23%82 Interest Coverage is 15.34 as of Mar. 2026, which is 74% above its 10-year median of 8.80. 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 1,707 Software companies, Onward Technologies ranks worse than 54.66% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Onward Technologies's
Operating Income
for the
three
months ended in Mar. 2026 was ₹109 Mil. Onward Technologies's Interest Expense for the
three
months ended in Mar. 2026 was ₹-7 Mil.
Onward Technologies's interest coverage for the quarter that ended in Mar. 2026 was 15.34.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Onward Technologies's Interest Coverage or its related term are showing as below:
BOM:517536'
s Interest Coverage Range Over the Past 10 Years
Min: 2.91 Med: 8.8 Max: 29.3
Current: 19.39
BOM:517536's Interest Coverage is ranked worse than 54.66% of 1707
companies
in the Software industry
Industry Median: 24.65
vs BOM:517536: 19.39
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Onward Technologies Interest Coverage Related Terms
Onward Technologies Interest Coverage Historical Data
* Premium members only.
The historical data trend for Onward Technologies's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
BOM:517536 vs IBM, ACN, FISV: Interest Coverage Comparison
For the Information Technology Services subindustry, Onward Technologies's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Software Industry
For the Software industry and Technology sector, Onward Technologies's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Onward Technologies's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 Interest Coverage of 15.34 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Onward Technologies and its competitors. This is 74% above median its historical median of 8.80. Over the past decade, Onward Technologies' Interest Coverage has ranged from 2.91 to 29.30. According to the industry distribution chart, Onward Technologies ranks #933 out of 1707 companies in the Software industry, placing it in the top 54.7%.
Is Onward Technologies' Interest Coverage too high?
Onward Technologies' current Interest Coverage of 15.34 is 74% above median its 10-year median of 8.80. Over the past 10 years, this metric has ranged from a low of 2.91 to a high of 29.30. The Software industry median Interest Coverage is 24.65. Onward Technologies' value of 15.34 is 37.8% below this industry median. Based on the distribution chart, Onward Technologies ranks #933 out of 1707 companies in the Software industry, which is below the industry midpoint. 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' Interest Coverage compare to IBM and ACN?
According to the Software industry distribution chart, Onward Technologies ranks #933 out of 1707 companies for Interest Coverage. This places Onward Technologies in the lower half of its industry. The industry median Interest Coverage is 24.65. Onward Technologies' value of 15.34 is 37.8% below this benchmark. Historically, Onward Technologies' own Interest Coverage has ranged from 2.91 to 29.30 over the past decade. While the company's 10-year median is 8.80 vs. the industry median of 24.65, 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 Interest Coverage for a Software company?
The median Interest Coverage among Software companies is 24.65, based on 1,707 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Onward Technologies's current Interest Coverage of 15.34 is 37.8% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Onward Technologies and its competitors. For the Software industry, the median Interest Coverage is 24.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onward Technologies's current Interest Coverage is 15.34, which is 74% above median its own 10-year median of 8.80. 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 Interest Coverage is 15.34, which is 74% above median its 10-year median of 8.80 and 37.8% below the Software industry median of 24.65. 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Onward Technologies (BOM:517536), the current Interest Coverage is 15.34 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:
Interest Coverage: 15.34 (74% above median its 10-year median of 8.80)
GF Value™: ₹405.79 vs. price of ₹283.55 (30.1% below fair value)
Industry Position: 37.8% below the Software median (#933 of 1707)
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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