Frontier Springs Ltd

Frontier Springs Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Frontier Springs Ltd

₹ 1,515 -4.35%
01 Jun - close price
frontiersprings.co.in BSE: 522195 NSE: FRONTSP
About

Incorporated in 1981, Frontier Springs Ltd
is mainly engaged in the production of L.H.B. Springs and Hot Coiled Compression Springs and Forging items for Wagon, Locomotives and Carriage[1]

Key Points

Business Profile[1]
Established in 1981, Frontier Springs Limited is a certified manufacturer specializing in hot-coiled compression springs, air springs, and forged components primarily for Indian Railways. The company supplies components for wagons, carriages, and locomotives, including India's fastest train, the Vande Bharat Express.

Website BSE NSE
  • Market Cap ₹ 1,790 Cr.
  • Current Price ₹ 1,515
  • High / Low ₹ 1,870 / 1,145
  • Stock P/E 29.2
  • Book Value ₹ 155
  • Dividend Yield 0.04 %
  • ROCE 50.9 %
  • ROE 39.9 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 51.1% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.6%
  • Company's median sales growth is 26.2% of last 10 years

Cons

  • Stock is trading at 9.76 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
29 25 33 33 44 51 52 58 70 75 83 81 83
25 22 28 28 37 41 42 46 53 55 61 61 59
Operating Profit 4 3 5 5 7 10 11 12 17 20 22 20 24
OPM % 13% 14% 14% 16% 17% 19% 20% 21% 24% 27% 27% 25% 29%
0 0 0 0 0 1 0 0 0 1 0 0 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 2
Profit before tax 3 3 4 4 7 9 10 11 16 20 21 19 22
Tax % 24% 28% 26% 25% 25% 26% 25% 24% 26% 26% 26% 25% 25%
2 2 3 3 5 7 7 9 12 15 16 14 17
EPS in Rs 1.84 1.58 2.42 2.73 4.28 5.92 6.18 7.40 9.88 12.49 13.31 12.10 14.04
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
35 39 47 59 83 100 77 84 107 135 231 322
32 35 41 50 70 79 64 71 95 114 181 236
Operating Profit 3 4 6 8 13 20 13 12 13 21 50 86
OPM % 8% 10% 12% 14% 16% 20% 17% 15% 12% 16% 22% 27%
0 0 0 0 1 1 1 1 1 1 1 1
Interest 1 2 2 1 1 1 0 0 0 1 1 0
Depreciation 1 1 2 2 2 2 3 3 3 4 4 5
Profit before tax 1 1 2 5 10 18 11 10 10 17 46 82
Tax % 29% 49% 8% 35% 18% 20% 26% 25% 26% 26% 25% 25%
0 1 2 4 8 14 8 8 7 13 35 61
EPS in Rs 0.35 0.43 1.81 3.02 7.12 11.88 6.61 6.36 6.14 11.01 29.37 51.89
Dividend Payout % 0% 0% 0% 0% 5% 3% 0% 5% 5% 5% 2% 0%
Compounded Sales Growth
10 Years: 24%
5 Years: 33%
3 Years: 44%
TTM: 39%
Compounded Profit Growth
10 Years: 61%
5 Years: 51%
3 Years: 104%
TTM: 79%
Stock Price CAGR
10 Years: 68%
5 Years: 74%
3 Years: 121%
1 Year: 22%
Return on Equity
10 Years: 24%
5 Years: 26%
3 Years: 32%
Last Year: 40%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 4 4 4 4 4 4 4 4 4 4 4 12
Reserves 20 20 22 26 34 47 56 63 71 85 120 172
10 13 14 12 9 9 4 3 5 4 6 11
12 16 15 17 21 18 20 22 31 30 39 24
Total Liabilities 46 52 55 59 68 78 83 92 110 123 169 218
16 23 27 29 30 33 34 37 42 45 56 65
CWIP 6 1 1 0 0 1 0 1 1 2 1 1
Investments 0 0 0 2 3 5 8 13 15 18 25 48
24 29 28 29 35 39 41 42 52 59 87 103
Total Assets 46 52 55 59 68 78 83 92 110 123 169 218

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
5 1 6 7 9 10 11 10 10 12 22
-3 -3 -6 -4 -4 -8 -5 -10 -10 -10 -20
-2 2 -0 -3 -5 -1 -6 -1 1 -2 1
Net Cash Flow 0 0 0 -1 0 1 0 -1 0 0 3
Free Cash Flow 2 -2 0 3 6 3 9 4 1 4 8
CFO/OP 189% 38% 123% 94% 84% 64% 107% 104% 94% 75% 67%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 81 96 58 63 50 58 83 74 55 60 61 69
Inventory Days 265 281 265 206 186 147 214 215 211 169 126 83
Days Payable 190 220 199 179 165 117 175 150 170 118 94 33
Cash Conversion Cycle 156 156 124 90 71 87 121 139 97 111 92 119
Working Capital Days 51 49 23 30 32 53 76 75 60 69 64 79
ROCE % 5% 8% 11% 17% 26% 35% 18% 15% 13% 21% 42% 51%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Mar 2027 (P)
Production Volume
Nos

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Total Installed Capacity
MT per annum
Air Spring Capacity Expansion
Coach Sets/Month
Air Spring Sales Volume (Annual)
Rs. Cr
Order Book
Rs. Cr
Order Book Visibility / Target Revenue
Rs. Cr
Coil Spring Sales Volume (Annual)
Rs. Cr
Market Share - Air Springs
%
Market Share - Coil Springs
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
51.76% 51.76% 51.76% 51.76% 51.76% 51.76% 51.76% 51.76% 51.76% 51.76% 51.76% 51.76%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.12% 0.10% 0.21% 0.51%
48.23% 48.24% 48.22% 48.25% 48.24% 48.23% 48.25% 48.23% 48.12% 48.13% 48.03% 47.74%
No. of Shareholders 5,8175,8795,9006,5147,4478,0618,5159,13910,84012,46313,09514,585

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

Credit ratings

Concalls

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