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Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Onward Technologies's average diluted shares outstanding for the quarter that ended in Jun. 2026 was 22 Mil.
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Be Aware
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Onward Technologies Shares Outstanding (Diluted Average) Related Terms
Onward Technologies Shares Outstanding (Diluted Average) Historical Data
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The historical data trend for Onward Technologies's Shares Outstanding (Diluted Average) 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.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.
What does a Shares Outstanding (Diluted Average) of 22 Mil mean?
Onward Technologies (BOM:517536) has a Shares Outstanding (Diluted Average) of 22 Mil as of Jun. 2026. The average shares outstanding over two periods including dilutive securities like preferred shares and convertibles. View historical data on Onward Technologies and its competitors.
Is Onward Technologies' Shares Outstanding (Diluted Average) too high?
Onward Technologies' current Shares Outstanding (Diluted Average) is 22 Mil. Overall, Onward Technologies has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Onward Technologies' Shares Outstanding (Diluted Average) compare to IBM and ACN?
Onward Technologies' Shares Outstanding (Diluted Average) of 22 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 Shares Outstanding (Diluted Average) for a Software company?
A good Shares Outstanding (Diluted Average) depends on the Software industry context. However, Shares Outstanding (Diluted Average) 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 Shares Outstanding (Diluted Average) mean?
A high Shares Outstanding (Diluted Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods including dilutive securities like preferred shares and convertibles. View historical data on Onward Technologies and its competitors. Onward Technologies's current Shares Outstanding (Diluted Average) is 22 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 Modestly Undervalued. The stock's GF Value™ is ₹386.36, compared to a current price of ₹291.50 — trading 24.6% below its estimated fair value. The current Shares Outstanding (Diluted Average) is 22 Mil. Onward Technologies' overall GF Score™ is 81/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Diluted Average) calculated?
Shares Outstanding (Diluted Average) is calculated from a company's financial statements. For Onward Technologies (BOM:517536), the current Shares Outstanding (Diluted Average) is 22 Mil as of Jun. 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 ₹291.50 is trading 24.6% below its estimated GF Value™ of ₹386.36.
GuruFocus considers Onward Technologies to be Modestly Undervalued.
Key valuation signals for BOM:517536:
Shares Outstanding (Diluted Average): 22 Mil
GF Value™: ₹386.36 vs. price of ₹291.50 (24.6% below fair value)
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.
81GF Score
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