CMP: 39

Onward Technologies Limited operates an Information Technology company, whose services include IT solutions, value-added reselling and systems integration. The Company also provides its clients with hardware, software, training and upgrading, in addition to a number of applications in CAD/CAM/CAE, engineering, networking and banking.

Onward Technologies is a 52 Crore penny cap stock. Its currently trading at a P/E of 12. Liabilities are little high. Its turning around from losses in FY08, FY09 and FY10. FY11 made profits of close to 4 Crores and FY12 is well on its way to profits of over 5 Crores. Revenues has been steady and risen slowly from 34 Crores to 46 Crores in the last 5 years. FY12 revenues could top 60 Crores. NPM is currently at 7%. Investors with risk appetite can invest little on it and hold for a long term kill.