NSE: FRONTSP · BSE: 522195 · ISIN INE572D01014
Frontier Springs Limited stock analysis
Frontier Springs Limited ranks #745 in the TickerSutra evidence-ranked universe with a score of 61/100 and 95% data confidence. The latest captured fundamentals show ROCE of 50.6%, quarterly sales growth of 4.1% and quarterly profit growth of -18.5%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 50.6%
- Low debt/equity of 0.06×
- 44.4% three-year sales CAGR
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹84cr | ₹12cr | ₹8cr | 15.0% |
| 2023 | ₹107cr | ₹13cr | ₹7cr | 12.0% |
| 2024 | ₹135cr | ₹21cr | ₹13cr | 16.0% |
| 2025 | ₹231cr | ₹50cr | ₹35cr | 22.0% |
| 2026 | ₹322cr | ₹87cr | ₹61cr | 27.0% |
| TTM | ₹325cr | ₹85cr | ₹59cr | 26.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Closure of Trading Window.
RoutineFrontier Springs Ltd - 522195 - Shareholder Meeting / Postal Ballot-Outcome of AGMBSE · 22 Sept 2026Proceedings of the 46th Annual General Meeting of Frontier Springs Limited held on Tuesday, 22nd September, 2026 at 12.00 P.M.
MANAGEMENT COMMENTARY
Signals from filed documents
Letter to Shareholders What gives me the most satisfaction is that this growth was broad-based. It came from all three of our divisions, and it was accompanied by an improvement in margins rather than a dilution of them. Our EBITDA margin, measured on revenue from operations, widened by 533 basis points to 26.80%.
Growth was broad-based across the three divisions, and profitability improved alongside scale. On the cost side, total operating expenses rose 29.69% to ₹236.88 crore, more slowly than revenue, which is the source of the operating leverage in the year. Finance cost remained low at ₹0.28 crore, reflecting minimal borrowing, and depreciation and amortisation was ₹4.90 crore.
The Company negotiates terms with vendors, prices tenders to reflect input costs, and sources energy across furnace oil, LPG, PNG and CNG to hold down cost. CUSTOMER CONCENTRATIONS Mitigation Indian Railways is the primary customer. Demand is supported by a multi-year, budgeted investment cycle, and the Company is broadening its base towards wagon manufacturers, defence, road construction equipment and exports.
Within this setting, the Company advanced on three fronts. It scaled its air spring business for LHB coaches, commissioned a new 6-tonne hammer to widen its forging range, and progressed the development of a new safety product, the Failure Indication and Brake Application system, on which it has received basic approval from the railway standards body. It funded this growth from its own resources, without term loans,
Further, there was no change in the nature of business of the Company. 43 Corporate Overview Statutory Report Financial Statements SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANY’S OPERATIONS IN FUTURE During the year under review, there were no significant and material orders passed by the Regulators, or Courts or Tribunals which would im
These are also published in local Hindi newspaper and in a National English Daily in terms of the requirements of Regulation 33(3) and 47(1) (b) of the Listing Regulations. b) News Release, Institutional Investors Presentations: The Company display news release and Investors Presentation on event basis. These are available on Company’s website at Corporate Announcements.
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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