Onward Technologies (BOM:517536) ROCE %: 17.23% (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 ROCE %?

Onward Technologies BOM:517536 +5.23% 82 ROCE % is 17.23% 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Onward Technologies's annualized ROCE % for the quarter that ended in Mar. 2026 was 17.23%.

Onward Technologies  (BOM:517536) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Onward Technologies ROCE % Related Terms

Onward Technologies ROCE % Historical Data

* Premium members only.

The historical data trend for Onward Technologies's ROCE % 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 ROCE % Chart

Onward Technologies Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.63 10.70 22.07 15.67 21.56

Onward Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 20.37 25.54 24.31 20.06 17.23
BOM:517536
82GF Score
Onward Technologies Ltd BOM:517536
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Onward Technologies ROCE % Calculation

Onward Technologies's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=599.363/( ( (3137.551 - 564.793) + (3705.682 - 718.016) )/ 2 )
=599.363/( (2572.758+2987.666)/ 2 )
=599.363/2780.212
=21.56 %

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

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=514.704/( ( (0 - 0) + (3705.682 - 718.016) )/ 1 )
=514.704/( ( 0 + 2987.666 )/ 1 )
=514.704/2987.666
=17.23 %

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

* 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 ROCE % →
What does a ROCE % of 17.23% mean?
Onward Technologies (BOM:517536) has a ROCE % of 17.23% as of Mar. 2026.
Is Onward Technologies' ROCE % too high?
Onward Technologies' current ROCE % is 17.23%. The Software industry median ROCE % is 5.27. Onward Technologies' value of 17.23% is 226.9% above this industry median. 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' ROCE % compare to IBM and ACN?
Onward Technologies' ROCE % of 17.23% can be compared against companies in the Software industry. The industry median ROCE % is 5.27. Onward Technologies' value of 17.23% is 226.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Software company?
The median ROCE % among Software companies is 5.27, based on 2,713 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Onward Technologies's current ROCE % of 17.23% is 226.9% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median ROCE % is 5.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onward Technologies's current ROCE % is 17.23%. 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 ROCE % is 17.23% and 226.9% above the Software industry median of 5.27. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Onward Technologies (BOM:517536), the current ROCE % is 17.23% 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:

  • ROCE %: 17.23%
  • GF Value™: ₹405.79 vs. price of ₹283.55 (30.1% below fair value)
  • GF Score™: 82/100 with 1 warning sign
  • Industry Position: 226.9% above the Software median

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

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

₹283.55
Price
₹405.79
GF Value