Onward Technologies Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings
- October 9, 2026
- Posted by: Chaitanya Auti
- Category: Market
Onward Technologies share price Rs 307.00 (9 October 2026). Base target Rs 337, bull Rs 408, downside risk Rs 235. PE 15.29. 52W range Rs 208.25 to Rs 355.00.
Quick Answer
The Onward Technologies share price target for 2027 is Rs 337, about 9.8% above the current price of Rs 307.00. The bull case is Rs 408, and the downside risk level, which is not a target, is Rs 235. The base case assumes earnings per share grow 14.8% a year, the pace seen from FY24 to FY26, with the stock holding its PE of 15.29. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing an Onward Technologies target price for 2027 should start with where the stock sits today. At Rs 307.00 on 9 October 2026, it is 13.5% below its 52-week high of Rs 355.00 and 47.4% above its 52-week low of Rs 208.25. That range spans 70% from low to high, so the entry point matters as much as the Onward Technologies price forecast itself.
This article builds the Onward Technologies share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 337 base case and the Rs 408 bull case were reached, along with a downside risk level of Rs 235.
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Onward Technologies Stock Analysis: Company Overview and Key Stats
Onward Technologies (NSE: ONWARDTEC) has a market capitalisation of Rs 654 crore. In FY26 it reported revenue of Rs 550.89 crore and net profit of Rs 44.32 crore. The table collects the figures the Onward Technologies share price target is built on.
| Metric | Value |
|---|---|
| Company | Onward Technologies |
| NSE Ticker | ONWARDTEC |
| CMP (9 October 2026) | Rs 307.00 |
| 52-Week High | Rs 355.00 |
| 52-Week Low | Rs 208.25 |
| Market Cap | Rs 654 crore |
| PE Ratio (TTM) | 15.29 |
| Industry PE | 17.30 |
| Price to Book | 2.58 |
| Return on Equity | 17.48% |
| Debt to Equity | 0.16 |
| EPS (TTM) | Rs 19.22 |
| Dividend Yield | 2.75% |
| 12-Month Base Target | Rs 337 |
| Bull Case | Rs 408 |
| Downside Risk Level (not a target) | Rs 235 |
Why Is Onward Technologies Share Price Target Set at Rs 337 for 2027?
The base-case Onward Technologies stock target of Rs 337 applies a PE multiple of 15.29 to a forward EPS estimate of Rs 22.07. That EPS assumes 14.8% yearly growth, the pace from FY24 to FY26, and puts the target 9.8% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the Onward Technologies Target Price: Five Years of Results
Onward Technologies grew revenue from Rs 328.80 crore in FY22 to Rs 550.89 crore in FY26, a compound annual growth rate of 13.8%. Net profit grew faster, from Rs 23.68 crore to Rs 44.32 crore (17.0% a year), which shows margin gains did part of the work and not just higher sales.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 328.80 | 23.68 | 12.17 | 3.00 |
| FY23 | 446.33 | 11.48 | 5.05 | 3.00 |
| FY24 | 479.66 | 33.92 | 14.81 | 5.00 |
| FY25 | 498.53 | 27.08 | 11.81 | 5.00 |
| FY26 | 550.89 | 44.32 | 19.52 | 8.00 |
FY26 revenue growth was 10.5%, slower than the four-year average of 13.8%, and net profit moved up 63.7%. EPS rose from Rs 14.81 in FY24 to Rs 19.52 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
Onward Technologies converted 8.0% of FY26 revenue into net profit, against 5.4% in FY25, within a five-year range of 2.6% to 8.0%. EBITDA margin was 13.7% in FY26 versus 10.4% in FY25.
In the June 2026 quarter, revenue was Rs 151.16 crore, up 11.5% from the same quarter a year earlier, while net profit of Rs 11.17 crore was down 12.3%. EBITDA came in at Rs 20.10 crore, up 2.5% year on year. The next quarterly result is the first test of whether the earnings assumption holds.
Balance Sheet and Cash Flow
Debt to equity stands at 0.16, and shareholders’ equity grew from Rs 163.21 crore in FY22 to Rs 253.51 crore in FY26. Operating cash flow in FY26 was Rs 65.08 crore against capital expenditure of Rs 19.11 crore, leaving free cash flow of Rs 45.97 crore, or 7.0% of the current market capitalisation. In FY25 free cash flow was Rs 27.85 crore.
Valuation Check for the Onward Technologies Stock Target: PE, Price to Book and ROE
At a PE of 15.29 against an industry PE of 17.30, Onward Technologies trades at a discount to its industry. Price to book is 2.58 on a book value of Rs 113.85 per share, and return on equity is 17.48%. A PE of 15.29 equals an earnings yield of 6.5%, and the FY26 dividend of Rs 8.00 per share gives a yield of 2.75%.
Shareholding Pattern and Institutional Holding
Promoters held 39.97% of Onward Technologies in June 2026, and promoter holding rose from 39.02% in June 2025 to 39.97% in June 2026. Foreign institutional investors (FII) held 9.32% and domestic institutions (DII) held 1.79%, which puts total institutional holding at 11.11%. FII holding has stayed near 9.32% since June 2025. Public shareholders own the remaining 48.92%.
Onward Technologies Share Price Targets for the Short Term and 12 Months
Short Term Onward Technologies Stock Target Levels: Technical Setup
At Rs 307.00 on 9 October 2026, Onward Technologies trades above its 50-day simple moving average of Rs 287.63 and above its 200-day exponential moving average of Rs 282.42. The 14-day RSI reads 69.0, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 355.00 (52-week high) and the nearest support is Rs 287.63 (50-day simple moving average). A sustained move above Rs 355.00 would improve the short-term setup, while a close below Rs 287.63 would shift attention to the next support.
12 Month Onward Technologies Target Price for 2027
The 12-month target for Onward Technologies is Rs 337: forward EPS of Rs 22.07 at a PE of 15.29. That is 9.8% above Rs 307.00. It would still leave the stock 5.1% below its 52-week high of Rs 355.00.
How EPS Growth and PE Multiple Change the Onward Technologies Target Price
| EPS Growth | PE 12.23 | PE 15.29 | PE 17.58 |
|---|---|---|---|
| 0.0% (EPS Rs 19.22) | Rs 235 | Rs 294 | Rs 338 |
| 14.8% (EPS Rs 22.07) | Rs 270 | Rs 337 | Rs 388 |
| 20.8% (EPS Rs 23.22) | Rs 284 | Rs 355 | Rs 408 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Onward Technologies price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for Onward Technologies Stock Target in 2027
Bull Case Rs 408
The bull case Onward Technologies price target needs EPS growth of 20.8%, which lifts forward EPS to Rs 23.22, and a PE multiple that rises 15% to 17.58. That gives Rs 408, 32.9% above the current price and above the 52-week high of Rs 355.00, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 235
The downside risk level is not a target. It assumes EPS stays flat at Rs 19.22 and the PE falls 20% to 12.23. That gives Rs 235, 23.5% below the current price and above the 52-week low of Rs 208.25.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 20.8% | 17.58 | Rs 408 | +32.9% |
| Base Case | 14.8% | 15.29 | Rs 337 | +9.8% |
| Downside Risk | 0.0% | 12.23 | Rs 235 | -23.5% |
Key Risks to the Onward Technologies Target Price for 2027
Growth Slowdown Risk for the Onward Technologies Price Target
Revenue in the June 2026 quarter was up 11.5% year on year, and FY26 revenue growth was 10.5%. If growth slows from here, the EPS estimate behind the Onward Technologies stock target will need revising.
Liquidity and Size Risk
Onward Technologies has a market capitalisation of Rs 654 crore. Institutional holding is 11.11%, and promoters hold 39.97%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.
Valuation and Margin Risk
Net margin was 8.0% in FY26, so a small slip in costs moves profit noticeably. At a PE of 15.29 versus an industry PE of 17.30, a de-rating toward the downside-risk PE of 12.23 would cut the price even if earnings hold.
Market and Technical Risk
The stock trades 13.5% below its 52-week high, with an RSI of 69.0 and a MACD reading above its signal line. Broader market weakness can override company fundamentals in the short term.
How to Invest in Onward Technologies
Start with the live price and volume. Any Onward Technologies share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 307.00 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check Onward Technologies’ PE, ROE, debt and shareholding in one place.
Check Onward Technologies fundamentals on the Univest Screener
Then compare the three Onward Technologies target price scenarios with your own view. If you expect EPS growth below 14.8%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track Onward Technologies live price and get daily stock recommendations.
Conclusion
The Onward Technologies share price target for 2027 is Rs 337 in the base case, with Rs 408 as the bull case. The support for that view is arithmetic you can check: EPS grew 14.8% a year over FY24 to FY26, and the stock trades at a PE of 15.29. The risks are equally concrete, including a stock that sits 13.5% below its 52-week high and a downside scenario that cuts the price 23% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Onward Technologies Share Price Target 2027
What is the Onward Technologies share price target for 2027?
Ans. The base-case Onward Technologies share price target for 2027 is Rs 337, with Rs 408 as the bull case. The downside risk level, which is not a target, is Rs 235. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.
What is the Onward Technologies share price today?
Ans. As of 9 October 2026, 3:30 PM IST, Onward Technologies trades at Rs 307.00, up 4.21% on the day. The 52-week range is Rs 208.25 to Rs 355.00.
Is Onward Technologies a buy or sell at the current price?
Ans. The data is mixed rather than one-sided: EPS has grown 14.8% a year over FY24 to FY26, but the stock is 13.5% below its 52-week high. Whether Onward Technologies fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.
What are the bull case target and downside risk level for Onward Technologies shares?
Ans. The bull case target is Rs 408, which assumes 20.8% EPS growth and a PE of 17.58. The downside risk level is Rs 235, which assumes flat EPS and a PE of 12.23. It marks a risk, not a target.
What are the main risks to the Onward Technologies price target?
Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 654 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.
What is the PE ratio of Onward Technologies and how does it compare with the industry?
Ans. The PE ratio of Onward Technologies is 15.29 against an industry PE of 17.30. Price to book is 2.58 and return on equity is 17.48%. The base case in the Onward Technologies price target holds this PE constant.
Who owns Onward Technologies, and what is the promoter holding?
Ans. Promoters held 39.97% of Onward Technologies in June 2026. FII held 9.32%, DII held 1.79% and the public held 48.92%.
What were Onward Technologies’ latest quarterly results?
Ans. In the June 2026 quarter, Onward Technologies reported revenue of Rs 151.16 crore (up 11.5% year on year) and net profit of Rs 11.17 crore (down 12.3%).