Onward TechnologiesBOM:517536 -3.83%83 3-Year ROIIC % is 96.09 as of Mar. 2026, which is 1347% above its 10-year median of 6.64. GuruFocus rates BOM:517536 with a GF Score™ of 83/100 and a GF Value™ of ₹406.58 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,621 Software companies, Onward Technologies ranks better than 88.13% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Onward Technologies's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 96.09%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Onward Technologies's 3-Year ROIIC % or its related term are showing as below:
BOM:517536's 3-Year ROIIC % is ranked better than 88.13% of 2621
companies
in the Software industry
Industry Median: 5.24
vs BOM:517536: 96.09
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Onward Technologies 3-Year ROIIC % Related Terms
Onward Technologies 3-Year ROIIC % Historical Data
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The historical data trend for Onward Technologies's 3-Year ROIIC % 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: 3-Year ROIIC % Comparison
For the Information Technology Services subindustry, Onward Technologies's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Software Industry
For the Software industry and Technology sector, Onward Technologies's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Onward Technologies's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Onward Technologies (BOM:517536) has a 3-Year ROIIC % of 96.09 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Onward Technologies and its competitors. This is 1347% above median its historical median of 6.64. According to the industry distribution chart, Onward Technologies ranks #311 out of 2621 companies in the Software industry, placing it in the top 11.9%.
Is Onward Technologies' 3-Year ROIIC % too high?
Onward Technologies' current 3-Year ROIIC % of 96.09 is 1347% above median its 10-year median of 6.64. The Software industry median 3-Year ROIIC % is 5.24. Onward Technologies' value of 96.09 is 1733.8% above this industry median. Based on the distribution chart, Onward Technologies ranks #311 out of 2621 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Onward Technologies has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Onward Technologies' 3-Year ROIIC % compare to IBM and ACN?
According to the Software industry distribution chart, Onward Technologies ranks #311 out of 2621 companies for 3-Year ROIIC %. This places Onward Technologies in the top 12% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 5.24. Onward Technologies' value of 96.09 is 1733.8% above this benchmark. While the company's 10-year median is 6.64 vs. the industry median of 5.24, 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 3-Year ROIIC % for a Software company?
The median 3-Year ROIIC % among Software companies is 5.24, based on 2,621 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Onward Technologies's current 3-Year ROIIC % of 96.09 is 1733.8% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Onward Technologies and its competitors. For the Software industry, the median 3-Year ROIIC % is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onward Technologies's current 3-Year ROIIC % is 96.09, which is 1347% above median its own 10-year median of 6.64. 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 ₹406.58, compared to a current price of ₹281.05 — trading 30.9% below its estimated fair value. The current 3-Year ROIIC % is 96.09, which is 1347% above median its 10-year median of 6.64 and 1733.8% above the Software industry median of 5.24. Onward Technologies' overall GF Score™ is 83/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Onward Technologies (BOM:517536), the current 3-Year ROIIC % is 96.09 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 ₹281.05 is trading 30.9% below its estimated GF Value™ of ₹406.58.
GuruFocus considers Onward Technologies to be Significantly Undervalued.
Key valuation signals for BOM:517536:
3-Year ROIIC %: 96.09 (1347% above median its 10-year median of 6.64)
GF Value™: ₹406.58 vs. price of ₹281.05 (30.9% below fair value)
Industry Position: 1733.8% above the Software median (#311 of 2621)
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.
83GF Score
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