Frontier Springs

₹1279.9 19.7 | 1.6%

WEBSITE BSE:522195 NSE : FRONTIER SPR 18 May, 12:50

Market Cap ₹504 Cr.

Stock P/E 53.7

P/B 6

Current Price ₹1279.9

Book Value ₹ 212.5

Face Value 10

52W High ₹1435

Dividend Yield 0.08%

52W Low ₹ 386.5

Edit Ratio

Frontier Springs Research see more...

Overview Inc. Year: 1981Industry: Steel & Iron Products

Frontier Springs Ltd is a leading manufacturing company specializing in the production of high-quality springs and related components. With a rich history spanning over three decades, the company has earned a reputation for excellence in design, engineering, and innovation. Frontier Springs offers a diverse range of products, including compression springs, tension springs, torsion springs, and wire forms, catering to various industries such as automotive, aerospace, electronics, and consumer goods. Committed to precision and customer satisfaction, the company utilizes state-of-the-art technology and stringent quality control measures to deliver reliable and customized solutions. Frontier Springs' expert team of engineers collaborates closely with clients to address their specific needs, ensuring superior performance and longevity of their products.

Frontier Springs Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Frontier Springs Quarterly Results

#(Fig in Cr.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Jun 2023	Sep 2023	Dec 2023
Net Sales	23	19	20	22	24	27	28	25	33	33
Other Income	0	0	0	0	0	0	0	0	0	0
Total Income	23	19	20	22	24	27	28	26	33	33
Total Expenditure	18	17	17	19	20	24	25	22	28	28
Operating Profit	5	2	3	3	4	3	3	4	5	5
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1	1	1	1	1
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	4	2	2	3	3	2	2	3	4	4
Provision for Tax	1	0	0	1	1	1	1	1	1	1
Profit After Tax	3	1	2	2	2	2	2	2	3	3
Adjustments	0	-0	0	-0	0	0	0	0	0	0
Profit After Adjustments	3	1	2	2	2	2	2	2	3	3
Adjusted Earnings Per Share	6.9	3.1	4.2	4.8	5	4	3.8	4.7	7.2	8.1

Frontier Springs Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	39	38	36	41	49	59	83	100	77	84	107	119
Other Income	0	0	0	0	0	1	1	1	1	1	1	0
Total Income	39	38	36	41	49	60	84	101	78	85	108	120
Total Expenditure	35	34	33	37	43	51	70	80	64	71	95	103
Operating Profit	5	4	3	4	6	9	14	21	14	13	13	17
Interest	1	1	1	2	2	2	1	1	0	0	0	0
Depreciation	1	1	1	1	2	2	2	2	3	3	3	4
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	3	2	1	1	2	5	10	18	11	10	10	13
Provision for Tax	1	1	0	0	0	2	2	4	3	3	3	4
Profit After Tax	2	2	0	1	2	4	8	14	8	8	7	10
Adjustments	0	0	0	0	0	0	0	-0	0	1	0	0
Profit After Adjustments	2	2	0	1	2	4	9	14	8	8	8	10
Adjusted Earnings Per Share	5.1	4.3	1	1.3	5.4	9	21.3	35.6	19.8	19.1	18.4	23.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	27%	2%	13%	11%
Operating Profit CAGR	0%	-15%	8%	10%
PAT CAGR	-13%	-21%	12%	13%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	204%	68%	45%	54%
ROE Average	10%	12%	19%	12%
ROCE Average	13%	16%	22%	16%

Frontier Springs Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	21	23	24	24	26	30	38	51	60	67	75
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	1	4	4	6	6	6	3	3	2	1	1
Other Non-Current Liabilities	1	1	2	2	2	2	2	3	3	3	3
Total Current Liabilities	13	16	16	21	21	22	25	21	20	21	31
Total Liabilities	37	45	46	52	55	59	68	78	83	92	110
Fixed Assets	16	16	16	23	27	29	30	33	34	36	42
Other Non-Current Assets	2	5	7	2	3	3	4	7	10	16	17
Total Current Assets	19	24	23	28	26	28	34	38	39	40	51
Total Assets	37	45	46	52	55	59	68	78	83	92	110

Frontier Springs Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1	1	1	1	2	2	1	1	3	3	2
Cash Flow from Operating Activities	3	1	5	1	6	7	9	10	11	10	10
Cash Flow from Investing Activities	-2	-5	-3	-3	-6	-4	-4	-8	-5	-10	-10
Cash Flow from Financing Activities	-1	4	-2	1	-0	-3	-5	-1	-6	-1	1
Net Cash Inflow / Outflow	-0	0	0	0	0	-1	0	1	0	-1	0
Closing Cash & Cash Equivalent	1	1	1	2	2	1	1	3	3	2	2

Frontier Springs Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	5.09	4.28	1.03	1.29	5.42	9.05	21.33	35.6	19.8	19.08	18.38
CEPS(Rs)	7.82	7.29	4.4	5.07	9.64	13.97	26.96	41.67	26.57	26.32	26.51
DPS(Rs)	0	0	0	0	0	0	1	1.1	0	1	1
Book NAV/Share(Rs)	54.31	58.59	59.62	60.91	66.34	75.38	95.83	130.26	151.14	171.16	189.56
Core EBITDA Margin(%)	10.89	10.5	7.05	8.81	10.51	12.89	13.6	17.53	16.54	14.62	11.8
EBIT Margin(%)	8.88	8.02	4.3	6.13	7.99	10.83	11.94	16.29	14.33	12.38	9.41
Pre Tax Margin(%)	6.36	5.52	1.44	2.26	4.42	8.14	10.73	15.15	13.69	12.04	9.1
PAT Margin (%)	4.71	4.13	1.04	1.14	4.06	5.28	8.75	12.11	10.13	8.98	6.74
Cash Profit Margin (%)	7.23	7.03	4.42	4.49	7.22	8.15	11.06	14.17	13.6	12.39	9.73
ROA(%)	5.66	4.16	0.9	1.03	3.96	6.2	13.21	19.24	9.67	8.55	7.16
ROE(%)	9.82	7.59	1.75	2.14	8.52	12.77	24.92	31.49	14.07	11.84	10.19
ROCE(%)	14.1	10.63	5	7.75	10.94	17.83	25.86	35.33	17.87	15.45	13.47
Receivable days	67.25	78.08	83.32	73.41	61.27	47.63	41.09	42.87	78.9	75.05	56.26
Inventory Days	75	91.75	110.64	113.79	107.72	83.78	63.43	54.59	79.41	82.58	86.51
Payable days	118.45	135.7	170.96	195.32	197.03	172.02	148.2	132.42	168.09	148.84	134.91
PER(x)	3.88	2.58	24.81	17.52	9.3	17.96	11.46	4.95	13.36	14.29	19.45
Price/Book(x)	0.36	0.19	0.43	0.37	0.76	2.16	2.55	1.35	1.75	1.59	1.89
Dividend Yield(%)	0	0	0	0	0	0	0.41	0.62	0	0.37	0.28
EV/Net Sales(x)	0.33	0.36	0.51	0.49	0.65	1.26	1.25	0.76	1.36	1.3	1.34
EV/Core EBITDA(x)	2.63	3.09	6.14	4.74	5.43	8.12	7.6	3.56	7.66	8.24	10.78
Net Sales Growth(%)	9.08	-2.95	-5.09	13.23	19.32	22	39.99	19.94	-22.94	8.69	28.33
EBIT Growth(%)	-17.65	-13.25	-48.65	61.52	54.35	74.06	56.83	64.56	-41.54	-6.12	-2.41
PAT Growth(%)	-29.44	-15.86	-75.91	24.96	320.48	66.84	135.82	66.85	-44.39	-3.61	-3.65
EPS Growth(%)	-29.44	-15.86	-75.91	24.97	320.48	66.84	135.82	66.85	-44.39	-3.61	-3.65
Debt/Equity(x)	0.3	0.47	0.42	0.53	0.53	0.41	0.23	0.17	0.06	0.05	0.06
Current Ratio(x)	1.49	1.45	1.39	1.34	1.22	1.28	1.34	1.82	1.97	1.91	1.63
Quick Ratio(x)	0.74	0.77	0.61	0.61	0.47	0.59	0.61	1.04	1.09	0.93	0.65
Interest Cover(x)	3.52	3.2	1.5	1.58	2.24	4.02	9.85	14.21	22.31	36.83	30.23
Total Debt/Mcap(x)	0.82	2.5	0.98	1.44	0.7	0.19	0.09	0.13	0.04	0.03	0.03

Frontier Springs Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	51.76	51.76	51.76	51.76	51.76	51.76	51.76	51.76	51.76	51.76
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	48.24	48.24	48.24	48.24	48.24	48.24	48.24	48.24	48.24	48.24
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.19	0.19	0.19	0.19	0.19	0.19	0.19	0.19	0.19	0.19
Others	0	0	0	0	0	0	0	0	0	0
Total	0.39	0.39	0.39	0.39	0.39	0.39	0.39	0.39	0.39	0.39

Pros

Debtor days have improved from 148.84 to 134.91days.
Company is almost debt free.

Cons

Company has a low return on equity of 12% over the last 3 years.
Stock is trading at 6 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.

Frontier Springs News

Top Unlisted Companies & InstaBuy Companies

Sell or Purchase Share (Tentative Price)

Current Price: 49/-

Electrosteel Steel Ltd

IPO

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Frontier Springs

Add Watchlist

Frontier Springs Research see more...

Overview Inc. Year: 1981Industry: Steel & Iron Products

Frontier Springs Share Price

Alert Data

Quarterly Price

Peer Comparison

Frontier Springs Quarterly Results

Frontier Springs Profit & Loss

Growth Rates

Frontier Springs Balance Sheet

Frontier Springs Cash Flow

Frontier Springs Ratios

Frontier Springs Shareholding Pattern

Frontier Springs News

Top Unlisted Companies & InstaBuy Companies

Electrosteel Steel Ltd

IPO

Stocx: India's #1 Marketplace to Find Your Winning Stock

Please Login!

Error!