Frontier Springs Limited share price
Frontier Springs Limited engages in the production and sale of L.H.B. springs, hot coiled compression springs, air springs, and forging items in India. Its forging products include anti-roll bar assemblies, screw couplings, draft gear assemblies, hangers, knuckle throwers, top followers, wedge, and brake blocks. The company also offers air spring suspension systems. It serves railways, wagons, locomotives, carriages, coaches, heavy engineering industries, and original earth mover equipment manufacturers. Frontier Springs Limited was incorporated in 1981 and is based in Kanpur, India.Read more
- Market Cap₹ 1,622 Cr.
- Current Price₹ 1,372.80
- High / Low₹ 1,570 / 1,151
- Stock P/E26.6
- Book Value₹ 155
- Dividend Yield0.05 %
- ROCE43.6 %
- ROE39.90 %
- Face Value—
More figures (10)
- EPS (TTM)₹ 51.61
- Price / Book8.84
- OPM25.8 %
- Debt / Equity0.06
- Sales growth (4Y)44.9 %
- Profit growth (4Y)103.8 %
- Promoter holding63.6 %
- EV / EBITDA19.1
- Beta0.46
- All-time high₹ 1,570
Price chart
| Returns | 1M | 3M | 6M | YTD | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| FRONTSP | +15.77% | — | — | — | — | — | — |
| Nifty 50 | -0.31% | -3.85% | -4.34% | -11.42% | -9.53% | +5.46% | +4.76% |
Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.
Quick take
- Frontier Springs Limited is in the Metal Fabrication industry (Industrials), with a market value of ₹1,622 crore.
- It trades at 26.6 times its last 12 months' earnings and 8.8 times book value.
- Revenue grew 44.9% a year over the last 4 years, profit 103.8% a year.
- Return on equity was 39.9% and return on capital employed 43.6% in the latest year.
- Debt was 0.06 times shareholders' equity.
- The share price is 12.6% below its 52-week high.
- Promoters and insiders hold about 63.6%; institutions about 0.0%.
Pros
AI- Strong return on equity: 29.4% on average over the last 3 years.
- Company is almost debt-free (debt is 0.06 times equity).
Cons
AI- Trades at 8.8 times its book value.
Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.
About Frontier Springs Limited
Frontier Springs Limited engages in the production and sale of L.H.B. springs, hot coiled compression springs, air springs, and forging items in India. Its forging products include anti-roll bar assemblies, screw couplings, draft gear assemblies, hangers, knuckle throwers, top followers, wedge, and brake blocks. The company also offers air spring suspension systems. It serves railways, wagons, locomotives, carriages, coaches, heavy engineering industries, and original earth mover equipment manufacturers. Frontier Springs Limited was incorporated in 1981 and is based in Kanpur, India.
- Employees
- 248
- Head office
- Kanpur
Peer comparison
IndustrialsMetal Fabrication
| S.No. | Company | CMP ₹ | P/E | Mar Cap ₹ Cr | Div Yld % | NP Qtr ₹ Cr | Qtr Profit Var % | Sales Qtr ₹ Cr | Qtr Sales Var % | ROCE % | ROE % | P/B | OPM % | Debt / Eq | Prom. Hold. % | Sales ₹ Cr | Sales Var 3Yrs % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Frontier Springs | 1,372.80 | 26.6 | 1,622 | 0.05 | 12 | -18.54 | 78 | 4.14 | 43.6 | 39.9 | 8.84 | 25.8 | 0.06 | 63.57 | 317 | 44.9 |
| 2. | Happy Forgings | 1,866.00 | 53.9 | 17,615 | 0.21 | 91 | 39.24 | 449 | 27.03 | 18.9 | 15.2 | 8.27 | 26.9 | 0.15 | 78.46 | 1,546 | 9.8 |
| 3. | Gravita India | 1,479.30 | 27.5 | 10,775 | 0.00 | 106 | 11.84 | 1,475 | 42.23 | 18.1 | 16.8 | 4.39 | 9.5 | 0.30 | 59.36 | 4,227 | 14.9 |
| 4. | Aeroflex Industries | 525.80 | 101.9 | 6,958 | 0.08 | 19 | 162.22 | 145 | 72.38 | 16.5 | 14.1 | 15.56 | 14.2 | 0.02 | 69.80 | 442 | 17.2 |
| 5. | Synergy Green Industries | 602.05 | — | 935 | 0.00 | -10 | — | 75 | — | 9.5 | 4.3 | 8.42 | 5.3 | 2.16 | 73.04 | 366 | 8.0 |
| 6. | DCM | 71.67 | 108.6 | 134 | 0.00 | 2 | -51.23 | 20 | 14.76 | 9.7 | 6.5 | 2.86 | -3.0 | 0.02 | 67.49 | 72 | 1.0 |
| Median: 6 Co. | 987.43 | 53.9 | 4,290 | 0.03 | 15 | 11.84 | 112 | 27.03 | 17.3 | 14.7 | 8.35 | 11.9 | 0.11 | 68.65 | 404 | 12.4 |
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Quarterly Results
| ₹ Cr | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Sales | 75 | 83 | 81 | 83 | 78 |
| Operating Profit | 19 | 21 | 19 | 22 | 18 |
| Profit before tax | 20 | 21 | 19 | 22 | 18 |
| Net Profit | 15 | 16 | 14 | 17 | 12 |
| EPS in Rs | 12.48 | 13.29 | 13.16 | 14.04 | 10.17 |
Profit & Loss
| ₹ Cr | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 104 | 132 | 227 | 317 | |
| Operating Profit | 10 | 17 | 46 | 82 | |
| Interest | 0 | 0 | 0 | 0 | |
| Depreciation | 3 | 4 | 4 | 5 | |
| Profit before tax | 10 | 17 | 46 | 82 | |
| Net Profit | 7 | 13 | 35 | 61 | |
| EPS in Rs | 6.13 | 10.99 | 29.34 | 51.89 |
Balance Sheet
Consolidated figures in ₹ crore, as at 31 March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 12 |
| Reserves | 71 | 85 | 120 | 172 |
| 5 | 4 | 6 | 11 | |
| Long term borrowings | 1 | 1 | 2 | 2 |
| Short term borrowings | 3 | 3 | 4 | 9 |
| 31 | 30 | 39 | 24 | |
| Trade payables | 24 | 22 | 30 | 14 |
| Current liabilities | 31 | 30 | 40 | 29 |
| Total Liabilities | 110 | 123 | 169 | 218 |
| 43 | 47 | 58 | 67 | |
| Gross block | 69 | 77 | 91 | 105 |
| Accumulated depreciation | 26 | 30 | 33 | 37 |
| Goodwill & intangibles | 0 | |||
| CWIP | 1 | 2 | 1 | 2 |
| 66 | 74 | 110 | 149 | |
| Inventories | 30 | 31 | 40 | 34 |
| Trade receivables | 16 | 22 | 38 | 61 |
| Cash & equivalents | 0 | 0 | 3 | 1 |
| Current assets | 51 | 58 | 86 | 102 |
| Total Assets | 110 | 123 | 169 | 218 |
Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.
Cash Flows
Consolidated figures in ₹ crore, financial years ending March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10 | 12 | 22 | 31 | |
| Profit for the year | 7 | 13 | 35 | 61 |
| Working capital changes | -1 | -7 | -17 | -34 |
| Direct taxes paid | -2 | -4 | -11 | -20 |
| -10 | -10 | -20 | -37 | |
| Fixed assets purchased | -9 | -8 | -15 | -15 |
| Fixed assets sold | 0 | 0 | 0 | 0 |
| 1 | -2 | 1 | 4 | |
| Interest paid | -0 | -0 | -0 | -0 |
| Dividends paid | -0 | -1 | -1 | -1 |
| Net Cash Flow | 0 | 0 | 3 | -2 |
| Free Cash Flow | 1 | 4 | 7 | 17 |
Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.
Ratios
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| ROE | — | 9.7% | 15.8% | 32.5% | 39.9% |
| ROCE | — | 12.8% | 18.9% | 36.1% | 43.6% |
| Operating margin | — | 9.4% | 13.2% | 20.3% | 25.8% |
| Net margin | — | 6.9% | 9.9% | 15.3% | 19.3% |
| Debt / equity | — | 0.06 | 0.04 | 0.05 | 0.06 |
| Current ratio | — | 1.63 | 1.94 | 2.15 | 3.53 |
| Debtor days | — | 57 | 61 | 62 | 70 |
| Inventory days | — | 148 | 169 | 97 | 65 |
| Days payable | — | 118 | 118 | 73 | 26 |
| Cash conversion cycle | — | 87 | 112 | 86 | 109 |
| Working capital days | — | 68 | 77 | 74 | 84 |
Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.
Shareholding Pattern
- Promoters & insiders 63.57%
- Institutions (FII, DII, funds) 0.00%
- Public & others 36.43%
Key dates
- Ex-dividend date
- 15 Sep 2026
- Latest quarter
- 30 Jun 2026
- Financial year end
- 31 Mar 2026
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Latest news
From the company (NSE)
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