Onward TechnologiesBOM:517536 +0.83%80 Return-on-Tangible-Equity is 15.30% as of Mar. 2026, which is 2% above its 10-year median of 15.05. GuruFocus rates BOM:517536 with a GF Score™ of 80/100 and a GF Value™ of ₹406.34 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,470 Software companies, Onward Technologies ranks better than 66.44% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Onward Technologies's annualized net income for the quarter that ended in Mar. 2026 was ₹382 Mil. Onward Technologies's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹2,498 Mil. Therefore, Onward Technologies's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 15.30%.
The historical rank and industry rank for Onward Technologies's Return-on-Tangible-Equity or its related term are showing as below:
BOM:517536'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.93 Med: 15.05 Max: 20.72
Current: 19.03
During the past 13 years, Onward Technologies's highest Return-on-Tangible-Equity was 20.72%. The lowest was 6.93%. And the median was 15.05%.
BOM:517536's Return-on-Tangible-Equity is ranked better than 66.44% of 2470
companies
in the Software industry
Industry Median: 8.77
vs BOM:517536: 19.03
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Onward Technologies Return-on-Tangible-Equity Related Terms
Onward Technologies Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Onward Technologies's Return-on-Tangible-Equity 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: Return-on-Tangible-Equity Comparison
For the Information Technology Services subindustry, Onward Technologies's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Onward Technologies's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Onward Technologies's Return-on-Tangible-Equity 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 15.30% mean?
Onward Technologies (BOM:517536) has a Return-on-Tangible-Equity of 15.30% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Onward Technologies and its competitors. This is near median its historical median of 15.05. Over the past decade, Onward Technologies' Return-on-Tangible-Equity has ranged from 6.93 to 20.72. According to the industry distribution chart, Onward Technologies ranks #829 out of 2470 companies in the Software industry, placing it in the top 33.6%.
Is Onward Technologies' Return-on-Tangible-Equity too high?
Onward Technologies' current Return-on-Tangible-Equity of 15.30% is near median its 10-year median of 15.05. Over the past 10 years, this metric has ranged from a low of 6.93 to a high of 20.72. The Software industry median Return-on-Tangible-Equity is 8.77. Onward Technologies' value of 15.30% is 74.5% above this industry median. Based on the distribution chart, Onward Technologies ranks #829 out of 2470 companies in the Software industry, which is above the industry midpoint. Overall, Onward Technologies has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Onward Technologies' Return-on-Tangible-Equity compare to IBM and ACN?
According to the Software industry distribution chart, Onward Technologies ranks #829 out of 2470 companies for Return-on-Tangible-Equity. This puts Onward Technologies in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.77. Onward Technologies' value of 15.30% is 74.5% above this benchmark. Historically, Onward Technologies' own Return-on-Tangible-Equity has ranged from 6.93 to 20.72 over the past decade. While the company's 10-year median is 15.05 vs. the industry median of 8.77, 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 Return-on-Tangible-Equity for a Software company?
The median Return-on-Tangible-Equity among Software companies is 8.77, based on 2,470 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Onward Technologies's current Return-on-Tangible-Equity of 15.30% is 74.5% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Onward Technologies and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onward Technologies's current Return-on-Tangible-Equity is 15.30%, which is near median its own 10-year median of 15.05. 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 Modestly Undervalued. The stock's GF Value™ is ₹406.34, compared to a current price of ₹292.25 — trading 28.1% below its estimated fair value. The current Return-on-Tangible-Equity is 15.30%, which is near median its 10-year median of 15.05 and 74.5% above the Software industry median of 8.77. Onward Technologies' overall GF Score™ is 80/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Onward Technologies (BOM:517536), the current Return-on-Tangible-Equity is 15.30% 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 ₹292.25 is trading 28.1% below its estimated GF Value™ of ₹406.34.
GuruFocus considers Onward Technologies to be Modestly Undervalued.
Key valuation signals for BOM:517536:
Return-on-Tangible-Equity: 15.30% (near median its 10-year median of 15.05)
GF Value™: ₹406.34 vs. price of ₹292.25 (28.1% below fair value)
Industry Position: 74.5% above the Software median (#829 of 2470)
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.
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