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Onward Technologies Limited
Onward Technologies Limited, established in 1991, boasts 35 years of expertise in its field. Onward Technologies Limited holds the CIN L28920MH1991PLC062542 and registration number 62542. It falls under the category of company limited by shares. Its authorized share capital is ₹44.62 crore. The company’s paid-up capital is ₹22.65 crore.
Its primary business activity involves manufacture of other fabricated metal products; metal working service activities. The company’s registration location is Mumbai. The official address of incorporation is Sterling Centre, 2nd Floor, Dr. A.b. Road, Worli, Mumbai City, Mumbai, Maharashtra, India, 400018. Onward Technologies Limited remains active and operational. PAN number for the company is AAACO3742J. The company’s Legal Entity Identifier (LEI) code is 3358009SOSK1GLA77655. For correspondence, the registered email address is compliance@onwardgroup.com. At the helm are Pawankumar Jethanand Nathani (CFO).
Company Overview
- CIN
- Date of Incorporation
- 17/07/1991
- Company Status
- Active
- RoC
- Mumbai
- Registration Number
- Balance sheet date
- 31/03/2024
- Company Category
- Company limited by shares
- Company Sub Category
- Non-government company
- Listed in Stock Exchange
- Yes
- Class of Company
- Public Limited Company
- LEI Number
- LEI Status
- Issued
- Authorized Capital
- ₹44,62,00,000.00
- Paid up Capital
- ₹22,65,46,700.00
- Activity
- Manufacture of other fabricated metal products; metal working service activities
- compliance@onwardgroup.com
- PAN
GST Numbers
| State | GST Number | Status |
|---|---|---|
| Karnataka | 29AAACO3742J1ZA | Inactive |
| 29AAACO3742J2Z9 | Active | |
| Maharashtra | 27AAACO3742J1ZE | Active |
| 27AAACO3742J3ZC | Active | |
| 27AAACO3742J2ZD | Inactive | |
| Telangana | 36AAACO3742J1ZF | Active |
| Tamil Nadu | 33AAACO3742J1ZL | Active |
| Uttar Pradesh | 09AAACO3742J1ZC | Inactive |
ISIN Numbers
| ISIN | Security | Interest Rate | Maturity Date | FISN | CFI |
|---|---|---|---|---|---|
| IN8229A01016 | ONWARD TECHNOLOGIES LIMITED EQ LISTING/TRADING APPROVAL AWAITED | - | 12/10/2026 | ONWARD TECH/SH VTG | ESVUFN |
| INE229A01017 | ONWARD TECHNOLOGIES LIMITED EQ | - | 12/10/2026 | ONWARD TECH/SH VTG | ESVUFN |
Balance Sheet
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 | 31/03/2018 |
|---|---|---|---|---|---|---|
| Net PPE | ₹8,530.50L | ₹6,284.13L | ₹6,003.69L | ₹5,029.06L | ₹0.00L | ₹0.00L |
| Gross PPE | ₹10,499.10L | ₹8,086.16L | ₹7,619.57L | ₹6,686.84L | ₹0.00L | ₹0.00L |
| Total Debt | ₹3,984.33L | ₹3,215.97L | ₹2,827.23L | ₹1,672.63L | ₹0.00L | ₹0.00L |
| Common Stock | ₹2,244.42L | ₹2,268.56L | ₹2,251.96L | ₹2,230.53L | ₹0.00L | ₹0.00L |
| Share Issued | ₹227.54L | ₹226.86L | ₹225.20L | ₹223.05L | ₹0.00L | ₹0.00L |
| Total Assets | ₹37,056.82L | ₹31,375.51L | ₹28,694.14L | ₹24,225.23L | ₹0.00L | ₹0.00L |
| Capital Stock | ₹2,244.42L | ₹2,268.56L | ₹2,251.96L | ₹2,230.53L | ₹0.00L | ₹0.00L |
| Current Assets | ₹26,302.17L | ₹21,868.00L | ₹19,785.76L | ₹16,591.95L | ₹0.00L | ₹0.00L |
| Prepaid Assets | ₹1,146.17L | ₹1,085.40L | ₹649.56L | ₹551.76L | ₹0.00L | ₹0.00L |
| Working Capital | ₹19,122.01L | ₹16,220.07L | ₹14,523.08L | ₹11,074.52L | ₹0.00L | ₹0.00L |
| Invested Capital | ₹25,350.70L | ₹22,430.10L | ₹20,713.23L | ₹17,437.58L | ₹0.00L | ₹0.00L |
| Other Properties | ₹13.75L | ₹19.65L | ₹19.65L | ₹19.65L | ₹0.00L | ₹0.00L |
| Retained Earnings | ₹13,234.45L | ₹9,884.32L | ₹8,369.32L | ₹5,701.67L | ₹0.00L | ₹0.00L |
| Common Stock Equity | ₹25,350.70L | ₹22,430.10L | ₹20,713.23L | ₹17,386.83L | ₹0.00L | ₹0.00L |
| Net Tangible Assets | ₹24,979.47L | ₹22,060.51L | ₹20,398.10L | ₹17,054.27L | ₹0.00L | ₹0.00L |
| Tangible Book Value | ₹24,979.47L | ₹22,060.51L | ₹20,398.10L | ₹17,054.27L | ₹0.00L | ₹0.00L |
| Current Liabilities | ₹7,180.16L | ₹5,647.93L | ₹5,262.68L | ₹5,517.43L | ₹0.00L | ₹0.00L |
| Stockholders Equity | ₹25,350.70L | ₹22,430.10L | ₹20,713.23L | ₹17,386.83L | ₹0.00L | ₹0.00L |
| Other Equity Interest | ₹297.87L | ₹431.73L | ₹707.10L | ₹407.41L | ₹0.00L | ₹0.00L |
| Total Capitalization | ₹25,350.70L | ₹22,430.10L | ₹20,713.23L | ₹17,427.11L | ₹0.00L | ₹0.00L |
| Hedging Assets Current | ₹0.00L | ₹3.54L | ₹24.93L | ₹0.00L | ₹0.00L | ₹0.00L |
| Ordinary Shares Number | ₹224.44L | ₹226.86L | ₹225.20L | ₹223.05L | ₹0.00L | ₹0.00L |
| Other Intangible Assets | ₹371.23L | ₹369.59L | ₹315.13L | ₹332.56L | ₹0.00L | ₹0.00L |
| Other Non Current Assets | ₹95.73L | ₹105.83L | -₹0.01L | -₹0.01L | ₹0.00L | ₹0.00L |
| Total Non Current Assets | ₹10,754.65L | ₹9,507.51L | ₹8,908.38L | ₹7,633.28L | ₹0.00L | ₹0.00L |
| Cash And Cash Equivalents | ₹3,685.66L | ₹2,434.46L | ₹3,119.76L | ₹4,726.50L | ₹0.00L | ₹0.00L |
| Construction In Progress | ₹15.25L | ₹33.40L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Accumulated Depreciation | -₹1,968.60L | -₹1,802.03L | -₹1,615.88L | -₹1,657.78L | ₹0.00L | ₹0.00L |
| Additional Paid In Capital | ₹8,544.89L | ₹9,287.30L | ₹8,871.80L | ₹8,616.22L | ₹0.00L | ₹0.00L |
| Other Short Term Investments | ₹9,098.83L | ₹6,901.78L | ₹5,527.14L | ₹93.56L | ₹0.00L | ₹0.00L |
| Machinery Furniture Equipment | ₹2,968.79L | ₹1,904.95L | ₹1,848.24L | ₹2,027.82L | ₹0.00L | ₹0.00L |
| Goodwill And Other Intangible Assets | ₹371.23L | ₹369.59L | ₹315.13L | ₹332.56L | ₹0.00L | ₹0.00L |
| Total Equity Gross Minority Interest | ₹25,350.70L | ₹22,430.10L | ₹20,713.23L | ₹17,386.83L | ₹0.00L | ₹0.00L |
| Total Liabilities Net Minority Interest | ₹11,706.12L | ₹8,945.41L | ₹7,980.91L | ₹6,838.40L | ₹0.00L | ₹0.00L |
| Current Debt And Capital Lease Obligation | ₹1,050.52L | ₹995.88L | ₹889.22L | ₹901.78L | ₹0.00L | ₹0.00L |
| Long Term Debt And Capital Lease Obligation | ₹2,933.81L | ₹2,220.09L | ₹1,938.01L | ₹770.85L | ₹0.00L | ₹0.00L |
| Cash Cash Equivalents And Short Term Investments | ₹12,784.49L | ₹9,336.24L | ₹8,646.90L | ₹4,820.06L | ₹0.00L | ₹0.00L |
| Total Non Current Liabilities Net Minority Interest | ₹4,525.96L | ₹3,297.48L | ₹2,718.23L | ₹1,320.97L | ₹0.00L | ₹0.00L |
Cash Flow
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2018 |
|---|---|---|---|---|---|
| Free Cash Flow | ₹4,596.66L | ₹2,785.29L | ₹6,033.17L | -₹145.49L | ₹0.00L |
| Changes In Cash | ₹1,217.35L | -₹687.35L | -₹1,615.51L | -₹245.92L | ₹0.00L |
| End Cash Position | ₹3,685.66L | ₹2,434.46L | ₹3,119.76L | ₹4,726.50L | ₹0.00L |
| Financing Cash Flow | -₹3,132.04L | -₹2,121.92L | -₹1,616.57L | -₹1,421.39L | ₹0.00L |
| Investing Cash Flow | -₹2,158.34L | -₹1,717.73L | -₹6,233.81L | ₹600.87L | ₹0.00L |
| Operating Cash Flow | ₹6,507.73L | ₹3,152.30L | ₹6,234.87L | ₹574.60L | ₹0.00L |
| Capital Expenditure | -₹1,911.07L | -₹367.01L | -₹201.70L | -₹720.09L | ₹0.00L |
| Beginning Cash Position | ₹2,434.46L | ₹3,119.76L | ₹4,726.50L | ₹4,951.52L | ₹0.00L |
| Issuance Of Capital Stock | ₹13.66L | ₹32.50L | ₹34.10L | ₹43.73L | ₹0.00L |
Income Statement
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2018 |
|---|---|---|---|---|---|
| EBIT | ₹5,993.63L | ₹3,852.23L | ₹4,649.79L | ₹1,969.57L | ₹0.00L |
| EBITDA | ₹7,573.32L | ₹5,190.92L | ₹5,947.25L | ₹3,267.73L | ₹0.00L |
| Basic EPS | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Income | ₹4,432.39L | ₹2,707.77L | ₹3,391.77L | ₹1,148.01L | ₹671.60L |
| Diluted EPS | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Gross Profit | ₹15,820.51L | ₹12,108.87L | ₹12,585.86L | ₹10,092.73L | ₹0.00L |
| Pretax Income | ₹5,704.58L | ₹3,629.98L | ₹4,515.70L | ₹1,803.19L | ₹0.00L |
| Tax Provision | ₹1,272.19L | ₹922.21L | ₹1,123.93L | ₹655.18L | ₹0.00L |
| Total Revenue | ₹54,385.24L | ₹49,131.61L | ₹47,239.17L | ₹44,092.83L | ₹24,446.00L |
| Cost Of Revenue | ₹38,564.73L | ₹37,022.74L | ₹34,653.31L | ₹34,000.10L | ₹0.00L |
| Total Expenses | ₹48,705.45L | ₹46,000.61L | ₹43,310.62L | ₹42,398.81L | ₹0.00L |
| Interest Income | ₹625.48L | ₹581.46L | ₹510.12L | ₹216.60L | ₹0.00L |
| Interest Expense | ₹289.05L | ₹222.25L | ₹134.09L | ₹166.38L | ₹0.00L |
| Operating Income | ₹5,679.79L | ₹3,131.00L | ₹3,928.55L | ₹1,694.02L | ₹0.00L |
| Tax Rate For Calcs | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Normalized EBITDA | ₹7,960.13L | ₹5,188.40L | ₹5,922.33L | ₹3,261.95L | ₹0.00L |
| Normalized Income | ₹4,732.94L | ₹2,705.89L | ₹3,373.05L | ₹1,144.33L | ₹0.00L |
| Operating Expense | ₹10,140.72L | ₹8,977.87L | ₹8,657.31L | ₹8,398.71L | ₹0.00L |
| Operating Revenue | ₹54,385.24L | ₹49,131.61L | ₹47,239.17L | ₹44,092.83L | ₹0.00L |
| Net Interest Income | ₹336.43L | ₹359.21L | ₹376.03L | ₹50.22L | ₹0.00L |
| Total Unusual Items | -₹386.81L | ₹2.52L | ₹24.92L | ₹5.78L | ₹0.00L |
| Basic Average Shares | ₹225.67L | ₹226.20L | ₹224.24L | ₹221.85L | ₹0.00L |
| Diluted Average Shares | ₹227.02L | ₹229.20L | ₹229.09L | ₹227.46L | ₹0.00L |
| Other Operating Expenses | ₹5,324.47L | ₹4,503.16L | ₹3,989.73L | ₹3,599.44L | ₹0.00L |
| Reconciled Depreciation | ₹1,579.69L | ₹1,338.69L | ₹1,297.46L | ₹1,298.16L | ₹0.00L |
| Reconciled Cost Of Revenue | ₹38,564.73L | ₹37,022.74L | ₹34,653.31L | ₹34,000.10L | ₹0.00L |
| Rent Expense Supplemental | ₹184.83L | ₹163.61L | ₹181.50L | ₹202.26L | ₹0.00L |
| Tax Effect Of Unusual Items | -₹86.26L | ₹0.64L | ₹6.20L | ₹2.10L | ₹0.00L |
| Interest Income Non Operating | ₹625.48L | ₹581.46L | ₹510.12L | ₹216.60L | ₹0.00L |
| Selling And Marketing Expense | ₹23.94L | ₹45.63L | ₹33.83L | ₹29.80L | ₹0.00L |
| Interest Expense Non Operating | ₹289.05L | ₹222.25L | ₹134.09L | ₹166.38L | ₹0.00L |
| Net Income Common Stockholders | ₹4,432.39L | ₹2,707.77L | ₹3,391.77L | ₹1,148.01L | ₹0.00L |
| Net Income Continuous Operations | ₹4,432.39L | ₹2,707.77L | ₹3,391.77L | ₹1,148.01L | ₹0.00L |
| Diluted NIAvailto Com Stockholders | ₹4,432.39L | ₹2,707.77L | ₹3,391.77L | ₹1,148.01L | ₹0.00L |
| General And Administrative Expense | ₹820.66L | ₹881.83L | ₹838.49L | ₹1,143.50L | ₹0.00L |
| Selling General And Administration | ₹844.60L | ₹927.46L | ₹872.32L | ₹1,173.30L | ₹0.00L |
| Otherunder Preferred Stock Dividend | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Unusual Items Excluding Goodwill | -₹386.81L | ₹2.52L | ₹24.92L | ₹5.78L | ₹0.00L |
| Net Non Operating Interest Income Expense | ₹336.43L | ₹359.21L | ₹376.03L | ₹50.22L | ₹0.00L |
| Net Income Including Noncontrolling Interests | ₹4,432.39L | ₹2,707.77L | ₹3,391.77L | ₹1,148.01L | ₹0.00L |
| Net Income From Continuing And Discontinued Operation | ₹4,432.39L | ₹2,707.77L | ₹3,391.77L | ₹1,148.01L | ₹0.00L |
| Net Income From Continuing Operation Net Minority Interest | ₹4,432.39L | ₹2,707.77L | ₹3,391.77L | ₹1,148.01L | ₹0.00L |
Company Performance (FY18–FY26)
₹543.9 Cr₹407.9 Cr₹271.9 Cr₹136.0 Cr₹0
FY18FY23FY24FY25FY26
Directors
| Appointment | Director name | DIN | Designation | |
|---|---|---|---|---|
| 18/07/1991 | Harish Mehta Shantilal | 00153549 | Whole-time director | View other directorships |
| 16/05/2016 | Jigar Harish Mehta | 06829197 | Additional Director | View other directorships |
| 15/05/2020 | Jay Nitin Sonawala | 01401445 | Director | View other directorships |
| 30/06/2021 | Harsha Raghavan | 01761512 | Director | View other directorships |
| 29/09/2022 | Niranjani Chandramouli | 07128770 | Director | View other directorships |
| 12/05/2023 | Jai Shishir Diwanji | 00910410 | Director | View other directorships |
| 12/05/2023 | Dhanpal Arvind Jhaveri | 02018124 | Director | View other directorships |
| 12/05/2023 | Pawankumar Jethanand Nathani | *****9572Q | CFO | |
| 20/10/2023 | Vinav Agarwal | *****4702L | Company Secretary |
Business Network
CompanyDirectorNot on WeeDooBoard seatKey rolePast seatOwnership
Directors 9
- Harish Mehta ShantilalWhole-time director
- Dhanpal Arvind JhaveriDirector
- Jai Shishir DiwanjiDirector
- Niranjani ChandramouliDirector
- Harsha RaghavanDirector
- Jay Nitin SonawalaDirector
- Jigar Harish MehtaAdditional Director
- Vinav AgarwalCompany Secretary
- Pawankumar Jethanand NathaniCFO
Latest Documents
Category:
| Date | Title | Size |
|---|---|---|
| 14/11/2024 | Form Addendum to AOC-4 CSR-14112024_signed | - |
| 03/09/2024 | Form MGT-7-03092024_signed | - |
| 16/08/2024 | Form AOC-4(XBRL)-16082024_signed | - |
| 05/02/2024 | Form Addendum to AOC-4 CSR-05022024_signed | - |
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Address
Sterling Centre, 2nd Floor, Dr. A.b. Road, Worli, Mumbai City, Mumbai, Maharashtra, India, 400018
Frequently Asked Questions
What is the incorporation date of Onward Technologies Limited?
The incorporation date of Onward Technologies Limited is 17/07/1991.
What is the authorized share capital and paid-up capital of Onward Technologies Limited?
The authorized share capital of Onward Technologies Limited is ₹44,62,00,000.00. The paid-up capital is ₹22,65,46,700.00.
Who are the current board members & directors of Onward Technologies Limited?
The current board member of Onward Technologies Limited are:
- Jay Nitin Sonawala
- Niranjani Chandramouli
- Harish Mehta Shantilal
- Harsha Raghavan
- Jigar Harish Mehta
- Jai Shishir Diwanji
- Dhanpal Arvind Jhaveri
What is the registered address of Onward Technologies Limited?
The registered address of Onward Technologies Limited is Sterling Centre, 2nd Floor, Dr. A.b. Road, Worli, Mumbai City, Mumbai, Maharashtra, India, 400018.
What is the Corporate Identification Number of Onward Technologies Limited?
The Corporate Identification Number of Onward Technologies Limited is L28920MH1991PLC062542.