Frontier Springs Limited (FRONTSP)

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Frontier Springs Limited (FRONTSP) · mywealthgrid

About

Frontier Springs Limited manufactures auto components within the consumer discretionary sector, with a market cap of ₹1,569.75 Cr. Quarterly revenue reached ₹70.08 Cr in March 2025 with a 21.47% operating margin and minimal debt (D/E 0.04). The stock has declined 18.49% over the past year despite strong operational expansion.

Face value: ₹10

Market cap

₹1,670 Cr

P/E

48.2×

P/B

18.7×

Dividend yield

ROE

—

ROCE

—

Debt / equity

0.04

OPM

21.5%

EPS (TTM)

₹29.4

Book value

₹75.7

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation at PE 45.28 is elevated; verify whether this premium reflects peer multiples and analyst consensus or represents valuation risk.

No institutional ownership (FII 0%, DII 0.36%) combined with 45% stock-price swing (₹1,227–₹1,796) signals thin liquidity and limited research coverage.

Price down 18.49% in 1y against 1,030-basis-point OPM expansion (13.61% to 23.9%) suggests market skepticism about sustainability or sector headwinds.

Auto components sector is cyclical and tied to OEM production; verify customer concentration and current order-book health.

Generated analysis · source review pending

Growth drivers

Revenue scaled 3× from ₹25.49 Cr (Jun 2023) to ₹70.08 Cr (Mar 2025) with consistent year-on-year growth; verify whether driven by volume, pricing, or mix, and if sustainable.

Operating margin improved 1,030 bps from 13.61% to 23.9% over 2 years; verify the drivers and defensibility of this margin level.

Auto components sector in India faces growing vehicle production and EV transition demand; verify FRONTSP's product positioning and OEM customer exposure to these segments.

Generated analysis · source review pending

2,175 historical price candles were omitted because the exchange source has not been verified.

₹1,415.6+1.5%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 21.5%
+Profit CAGR of 19.8% over the last 5 years
+Revenue CAGR of 18.3% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 202.8×

Cons

−Trading at 18.7× book value
−Low dividend payout of 2.4% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

65/100

Business quality: 84
Growth: 100

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Samvardhana Motherson International LimitedMOTHERSONMOTHERSON	₹1,65,731 Cr	₹1,81,626 Cr	₹1,31,135 Cr	₹12,541 Cr	9.4%	₹4,380 Cr	3.2%	12.6%	10.2%	-26
Bosch LimitedBOSCHLTDBOSCHLTD	₹1,34,166 Cr	₹1,34,166 Cr	₹21,088 Cr	₹2,832 Cr	13.2%	₹2,363 Cr	13.8%	21%	19.4%	13
Bharat Forge LimitedBHARATFORGBHARATFORG	₹89,644 Cr	₹96,518 Cr	₹17,543 Cr	₹2,963 Cr	17.4%	₹706 Cr	6.5%	17.9%	11.5%	136
Uno Minda LimitedUNOMINDAUNOMINDA	₹64,160 Cr	₹66,698 Cr	₹20,725 Cr	₹2,280 Cr	11.5%	₹1,202 Cr	6.5%	19.3%	19.1%	37
Schaeffler India LimitedSCHAEFFLERSCHAEFFLER	₹60,732 Cr	₹60,787 Cr	₹10,505 Cr	₹1,917 Cr	18.2%	₹1,253 Cr	11.9%	27.3%	20.2%	68
Sona Blw Precision Forgings LimitedSONACOMSSONACOMS	₹50,071 Cr	₹50,314 Cr	₹4,935 Cr	₹1,207 Cr	24.7%	₹686 Cr	14.1%	14.6%	11%	121
Tube Investments Of India LimitedTIINDIATIINDIA	₹45,302 Cr	₹45,695 Cr	₹23,754 Cr	₹2,260 Cr	9.9%	₹607 Cr	4.9%	15.4%	9.6%	41
Endurance Technologies LimitedENDURANCEENDURANCE	₹36,602 Cr	₹37,928 Cr	₹15,592 Cr	₹2,058 Cr	13.5%	₹970 Cr	6.5%	18.5%	15.2%	-6
Exide Industries LimitedEXIDEINDEXIDEIND	₹34,803 Cr	₹35,896 Cr	₹18,829 Cr	₹1,954 Cr	10.4%	₹932 Cr	4.8%	8.9%	6.1%	42
Dhoot Transmission LimitedDHOOTTRANSDHOOTTRANS	₹29,518 Cr	₹30,359 Cr	₹4,525 Cr	₹711 Cr	15.7%	₹397 Cr	8.8%	30.8%	23.1%	69
Craftsman Automation LimitedCRAFTSMANCRAFTSMAN	₹26,897 Cr	₹30,238 Cr	₹8,717 Cr	₹1,357 Cr	15.3%	₹465 Cr	4.8%	16.1%	12.5%	74
Sansera Engineering LimitedSANSERASANSERA	₹26,686 Cr	₹27,144 Cr	₹3,753 Cr	₹696 Cr	18.1%	₹351 Cr	9.3%	14.7%	11.1%	98

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	41	49	59	83	100	77	84	107	135	231
COGS	-20	-23	-26	-36	-40	29	35	52	67	-115
Gross profit	—	—	—	—	—	48	49	55	69	—
	57	66	78	107	121	35	36	42	48	297
Operating profit (EBITDA)	4	5	8	13	20	13	12	13	21	50
OPM %	9.1%	10.4%	13.8%	15.2%	19.7%	16.5%	14.6%	11.8%	15.3%	21.5%
Depreciation	1	2	2	2	2	3	3	3	4	4
Interest	1	1	1	1	1	0	0	0	0	0
	0	—	1	1	1	1	1	1	1	1
Profit before tax	1	2	6	10	18	11	10	10	17	46
Tax	1	0	2	2	4	3	3	3	4	12
Tax %	46.2%	8.3%	35.3%	18.5%	20.1%	26%	25.4%	25.9%	25.6%	25.3%
	1	2	4	8	14	8	8	7	13	35
PAT margin %	1.5%	4.3%	6%	10.1%	14.1%	10.1%	9%	6.7%	9.6%	15%
EPS (₹)	1.6	5.4	9.1	21.6	35.6	20.9	—	19.4	38.6	60.7
EPS adjusted (₹)	—	—	—	—	11.8	6.6	6.3	6.1	10.9	—
	0%	0%	0%	4.6%	3.1%	0%	—	5.2%	3.9%	3%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity capital	4	4	4	4	4
Reserves	—	56	63	71	85
	—	4	3	5	4
	—	20	22	31	30
Total equity & liabilities	—	83	92	110	123
	33	34	37	42	45
CWIP	—	0	1	1	2
Investments	—	8	13	15	18
	—	41	42	52	59
Total assets	—	83	92	110	123

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	11	10	10	12
	-5	-10	-10	-10
	-6	-1	1	-2
Net cash flow	0	-1	0	0
Free cash flow	9	4	1	4
CFO / Operating profit %	86.5%	83%	75.9%	55.7%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	—	—	—	61.7%	58.2%	51.3%	50.8%	—
EBITDA margin %	13.8%	15.2%	19.7%	16.5%	14.6%	11.8%	15.3%	21.5%
EBIT margin %	10.6%	12.5%	17.3%	13.1%	11.2%	8.8%	12.6%	19.7%
PAT margin %	6%	10.1%	14.1%	10.1%	9%	6.7%	9.6%	15%
Working capital
Receivable days	—	—	—	83	74	55	60	—
Inventory days	—	—	—	214	215	211	169	—
Payable days	—	—	—	175	150	170	118	—
NWC days	—	—	—	121	139	97	111	—
Leverage
Current ratio	—	—	—	1.97	1.91	1.63	1.94	—
Debt to EBITDA	—	—	—	0.29	0.28	0.36	0.18	—
Debt to equity	—	—	—	0.06	0.05	0.06	0.04	—
Interest coverage	5.2	13.4	28.4	22.5	37	30.6	88.4	202.8
Asset turnover	—	—	—	0.92	0.91	0.98	1.1	—
Return ratios
Return on assets %	—	—	—	9.4%	8.1%	6.6%	10.5%	—
Return on capital employed %	—	—	—	17.3%	15.3%	13.4%	20.5%	—
Return on equity %	—	—	—	13.1%	11.1%	9.7%	14.5%	—

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 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%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0.12%	0.1%	0.21%	0.51%	0.36%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	48.24%	48.24%	48.24%	48.24%	48.24%	48.24%	48.24%	48.12%	48.14%	48.03%	47.73%	47.88%
No. of shareholders	—	—	—	—	—	—	—	—	12,463	13,095	14,585	17,968

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Frontier Springs Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Investor Presentation and earnings call

May 2026Transcript AI Summary PPTREC
Nov 2025Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

18 announcementsExport CSV

28 Sept 2026, 12:14 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

22 Sept 2026, 5:20 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

8 Sept 2026, 3:08 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

8 Sept 2026, 1:54 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

31 Aug 2026, 12:38 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

29 Aug 2026, 9:39 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

27 Aug 2026, 11:24 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot

Postal Ballot PDF

27 Aug 2026, 11:23 pmAGM/EGM

Frontier Springs Ltd - 522195 - Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

Postal Ballot PDF

Date	Category	Subject	Filing
28 Sept 2026, 12:14 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
22 Sept 2026, 5:20 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF

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Ratio	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	—	—	—	61.7%	58.2%	51.3%	50.8%	—
EBITDA margin %	13.8%	15.2%	19.7%	16.5%	14.6%	11.8%	15.3%	21.5%
EBIT margin %	10.6%	12.5%	17.3%	13.1%	11.2%	8.8%	12.6%	19.7%
PAT margin %	6%	10.1%	14.1%	10.1%	9%	6.7%	9.6%	15%
Working capital
Receivable days	—	—	—	83	74	55	60	—
Inventory days	—	—	—	214	215	211	169	—
Payable days	—	—	—	175	150	170	118	—
NWC days	—	—	—	121	139	97	111	—
Leverage
Current ratio	—	—	—	1.97	1.91	1.63	1.94	—
Debt to EBITDA	—	—	—	0.29	0.28	0.36	0.18	—
Debt to equity	—	—	—	0.06	0.05	0.06	0.04	—
Interest coverage	5.2	13.4	28.4	22.5	37	30.6	88.4	202.8
Asset turnover	—	—	—	0.92	0.91	0.98	1.1	—
Return ratios
Return on assets %	—	—	—	9.4%	8.1%	6.6%	10.5%	—
Return on capital employed %	—	—	—	17.3%	15.3%	13.4%	20.5%	—
Return on equity %	—	—	—	13.1%	11.1%	9.7%	14.5%	—

5 deals · 19 Aug 2024 – 24 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
24 Sept 2026	ALPHAGREP SECURITIES PRIVATE LIMITED	Bulk	NSE	Sell	84,771	₹1,522.60	₹12.91 Cr
24 Sept 2026	ALPHAGREP SECURITIES PRIVATE LIMITED	Bulk	NSE	Buy	84,771	₹1,522.15	₹12.90 Cr
24 Sept 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	60,180	₹1,513.93	₹9.11 Cr
24 Sept 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	60,180	₹1,512.77	₹9.10 Cr
19 Aug 2024	COUNTER CYCLICAL INVESTMENTS PRIVATE LIMITED	Bulk	BSE	Sell	22,754	₹2,125.35	₹4.84 Cr

1–5 of 5

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Frontier Springs Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Announcements

Not in the F&O segment

No fund holdings on record

9

1

1

Announcements

Annual reports

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Frontier Springs Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Quarterly record

Dividends9

Board meetings1

Bonus issues1

Bulk & block deals

Board and management

Announcements

Annual reports

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

9

1

1