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Frontier Springs Overview

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 satisfacti...Read More

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Frontier Springs Key Financials

Market Cap ₹1803 Cr.

Stock P/E 52

P/B 10.2

Current Price ₹1526.4

Book Value ₹ 150.2

Face Value 10

52W High ₹1823.3

Dividend Yield 0.04%

52W Low ₹ 650

Frontier Springs Share Price

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Volume
Price

Frontier Springs Quarterly Price

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Frontier Springs Peer Comparison

Frontier Springs Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 33 33 44 51 52 58 70 75 83 81
Other Income 0 0 0 1 0 0 0 1 0 0
Total Income 33 33 45 51 52 58 70 76 83 82
Total Expenditure 28 28 37 41 42 46 53 55 61 61
Operating Profit 5 5 8 10 11 13 17 21 22 20
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 4 7 9 10 11 16 20 21 19
Provision for Tax 1 1 2 2 2 3 4 5 5 5
Profit After Tax 3 3 5 7 7 9 12 15 16 14
Adjustments 0 0 0 0 0 0 -0 0 -0 0
Profit After Adjustments 3 3 5 7 7 9 12 15 16 14
Adjusted Earnings Per Share 2.4 2.7 4.2 5.9 6.1 7.3 9.8 12.4 13.2 12

Frontier Springs Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 36 41 49 59 83 100 77 84 107 135 231 309
Other Income 0 0 0 1 1 1 1 1 1 1 1 1
Total Income 36 41 49 60 84 101 78 85 108 136 232 311
Total Expenditure 33 37 43 51 70 80 64 71 94 114 181 230
Operating Profit 3 4 6 9 14 21 14 13 14 22 51 80
Interest 1 2 2 2 1 1 1 0 1 1 1 0
Depreciation 1 1 2 2 2 2 3 3 3 4 4 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 1 2 5 10 18 11 10 10 17 46 76
Provision for Tax 0 0 0 2 2 4 3 3 3 4 12 19
Profit After Tax 0 1 2 4 8 14 8 8 7 13 35 57
Adjustments 0 0 0 0 0 -0 0 1 0 2 1 0
Profit After Adjustments 0 1 2 4 9 14 8 8 8 15 35 57
Adjusted Earnings Per Share 0.3 0.4 1.8 3 7.1 11.9 6.6 6.4 6.1 11 29.3 47.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 71% 40% 18% 20%
Operating Profit CAGR 132% 58% 19% 33%
PAT CAGR 169% 64% 20% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 122% 126% 79% 67%
ROE Average 33% 20% 17% 15%
ROCE Average 42% 26% 22% 19%

Frontier Springs Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 24 24 26 30 38 51 60 67 75 89 124
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 4 6 6 6 3 3 2 1 1 1 2
Other Non-Current Liabilities 2 2 2 2 2 3 3 3 3 3 3
Total Current Liabilities 16 21 21 22 25 21 20 21 31 30 40
Total Liabilities 46 52 55 59 68 78 83 92 110 123 169
Fixed Assets 16 23 27 29 30 33 34 36 42 45 56
Other Non-Current Assets 7 2 3 3 4 7 10 16 17 21 27
Total Current Assets 23 28 26 28 34 38 39 40 51 58 86
Total Assets 46 52 55 59 68 78 83 92 110 123 169

Frontier Springs Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 1 2 2 1 1 3 3 2 2 2
Cash Flow from Operating Activities 5 1 6 7 9 10 11 10 10 12 22
Cash Flow from Investing Activities -3 -3 -6 -4 -4 -8 -5 -10 -10 -10 -20
Cash Flow from Financing Activities -2 1 -0 -3 -5 -1 -6 -1 1 -2 1
Net Cash Inflow / Outflow 0 0 0 -1 0 1 0 -1 0 0 3
Closing Cash & Cash Equivalent 1 2 2 1 1 3 3 2 2 2 5

Frontier Springs Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.34 0.43 1.81 3.02 7.11 11.87 6.6 6.36 6.13 10.99 29.34
CEPS(Rs) 1.47 1.69 3.21 4.66 8.99 13.89 8.86 8.77 8.84 14.13 32.73
DPS(Rs) 0 0 0 0 0.33 0.37 0 0.33 0.33 0.5 0.6
Book NAV/Share(Rs) 19.87 20.3 22.11 25.13 31.94 43.42 50.38 57.05 63.12 75.51 104.86
Core EBITDA Margin(%) 7.05 8.81 10.51 12.89 13.6 17.53 16.88 14.62 10.16 13.18 18.25
EBIT Margin(%) 4.3 6.13 7.99 10.83 11.94 16.29 14.67 12.38 8.21 11.25 17.15
Pre Tax Margin(%) 1.44 2.26 4.42 8.14 10.73 15.15 13.69 12.04 7.67 10.89 16.93
PAT Margin (%) 1.04 1.14 4.06 5.28 8.75 12.11 10.13 8.98 5.68 8.09 12.65
Cash Profit Margin (%) 4.42 4.49 7.22 8.15 11.06 14.17 13.6 12.39 8.2 10.41 14.11
ROA(%) 0.9 1.03 3.96 6.2 13.21 19.24 9.67 8.55 7.16 11.13 23.68
ROE(%) 1.75 2.14 8.52 12.77 24.92 31.49 14.07 11.84 10.2 15.86 32.53
ROCE(%) 5 7.75 10.94 17.83 25.86 35.33 18.29 15.45 13.94 20.97 42.18
Receivable days 83.32 73.41 61.27 47.63 41.09 42.87 78.9 75.05 47.42 43.66 40.36
Inventory Days 110.64 113.79 107.72 83.78 63.43 54.59 79.41 82.58 72.91 69.59 47
Payable days 170.96 195.32 197.03 172.02 148.2 132.42 168.09 148.84 134.91 125.48 81.15
PER(x) 24.81 17.52 9.3 17.96 11.46 4.95 13.36 14.29 19.45 35.49 22.36
Price/Book(x) 0.43 0.37 0.76 2.16 2.55 1.35 1.75 1.59 1.89 5.17 6.26
Dividend Yield(%) 0 0 0 0 0.41 0.62 0 0.37 0.28 0.13 0.09
EV/Net Sales(x) 0.51 0.49 0.65 1.26 1.25 0.76 1.36 1.3 1.34 3.41 3.35
EV/Core EBITDA(x) 6.14 4.74 5.43 8.12 7.6 3.56 7.52 8.24 10.5 21.24 15.21
Net Sales Growth(%) -5.09 13.23 19.32 22 39.99 19.94 -22.94 8.69 28.33 26.14 70.84
EBIT Growth(%) -48.65 61.52 54.35 74.06 56.83 64.56 -40.16 -8.28 0.98 72.62 160.31
PAT Growth(%) -75.91 24.96 320.48 66.84 135.82 66.85 -44.39 -3.61 -3.65 79.35 166.93
EPS Growth(%) -75.91 24.97 320.47 66.83 135.82 66.85 -44.39 -3.61 -3.64 79.35 166.93
Debt/Equity(x) 0.42 0.53 0.53 0.41 0.23 0.17 0.06 0.05 0.06 0.04 0.05
Current Ratio(x) 1.39 1.34 1.22 1.28 1.34 1.82 1.97 1.91 1.63 1.94 2.15
Quick Ratio(x) 0.61 0.61 0.47 0.59 0.61 1.04 1.09 0.93 0.65 0.9 1.16
Interest Cover(x) 1.5 1.58 2.24 4.02 9.85 14.21 14.97 36.83 15.25 30.91 79.8
Total Debt/Mcap(x) 0.98 1.44 0.7 0.19 0.09 0.13 0.04 0.03 0.03 0.01 0.01

Frontier Springs Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
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 0.12 0.1 0.21
Public 48.24 48.24 48.24 48.24 48.24 48.24 48.24 48.12 48.13 48.03
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Frontier Springs News

Frontier Springs Pros & Cons

Pros

  • Debtor days have improved from 125.48 to 81.15days.
  • Company is almost debt free.

Cons

  • Stock is trading at 10.2 times its book value.
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