Frontier Springs Ltd

Frontier Springs Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Frontier Springs Ltd

₹ 2,186 2.00%
21 Nov 12:04 p.m.
frontiersprings.co.in BSE: 522195
About

Incorporated in 1981, Frontier Springs Ltd
is mainly engaged in the production of L.H.B. Springs and Hot Coiled Compression Springs and Forging items for Wagon, Locomotives and Carriage[1]

Key Points

Business Overview:[1][2]
Company is a manufacturer of hot coiled compression springs, air springs and forging for wagons, railways, carriages and locomotives. Its springs are used on the fastest train in india - vande bharat express. Company's products are ISO 14001:2015, RDSO and also International Rail Industry Standard (IRIS) certified, which enables it to directly export its products to other countries

Website BSE
  • Market Cap ₹ 861 Cr.
  • Current Price ₹ 2,186
  • High / Low ₹ 2,412 / 809
  • Stock P/E 38.2
  • Book Value ₹ 267
  • Dividend Yield 0.07 %
  • ROCE 20.5 %
  • ROE 15.5 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 8.19 times its book value
  • Company has a low return on equity of 12.7% over last 3 years.

* 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.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
18.86 20.12 22.16 23.67 26.77 27.76 29.15 25.49 32.75 33.02 44.14 50.75 52.24
16.65 17.43 18.89 20.27 23.92 25.07 25.46 22.01 28.03 27.86 36.72 40.99 41.55
Operating Profit 2.21 2.69 3.27 3.40 2.85 2.69 3.69 3.48 4.72 5.16 7.42 9.76 10.69
OPM % 11.72% 13.37% 14.76% 14.36% 10.65% 9.69% 12.66% 13.65% 14.41% 15.63% 16.81% 19.23% 20.46%
0.16 0.17 0.17 0.14 0.14 0.14 0.21 0.05 0.05 0.05 0.46 0.66 0.13
Interest 0.08 0.05 0.06 0.07 0.10 0.08 0.06 0.06 0.04 0.04 0.06 0.05 0.05
Depreciation 0.66 0.67 0.88 0.73 0.73 0.74 0.97 0.88 0.90 0.86 1.08 0.95 1.02
Profit before tax 1.63 2.14 2.50 2.74 2.16 2.01 2.87 2.59 3.83 4.31 6.74 9.42 9.75
Tax % 24.54% 22.43% 24.00% 28.47% 25.46% 25.37% 24.39% 28.19% 25.59% 25.06% 25.07% 25.80% 25.23%
1.23 1.66 1.90 1.96 1.60 1.51 2.17 1.86 2.85 3.22 5.05 6.98 7.29
EPS in Rs 3.12 4.21 4.82 4.98 4.06 3.83 5.51 4.72 7.24 8.18 12.82 17.72 18.51
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
38 37 35 39 47 59 83 100 77 84 107 135 180
33 32 32 35 41 50 70 79 64 71 94 114 147
Operating Profit 5 4 3 4 6 8 13 20 13 12 13 21 33
OPM % 13% 12% 8% 10% 12% 14% 16% 20% 17% 15% 12% 16% 18%
0 0 0 0 0 0 1 1 1 1 1 1 1
Interest 1 1 1 2 2 1 1 1 0 0 1 1 0
Depreciation 1 1 1 1 2 2 2 2 3 3 3 4 4
Profit before tax 3 2 1 1 2 5 10 18 11 10 10 17 30
Tax % 26% 25% 29% 49% 8% 35% 18% 20% 26% 25% 26% 26%
2 2 0 1 2 4 8 14 8 8 7 13 23
EPS in Rs 5.08 4.29 1.04 1.29 5.43 9.04 21.33 35.60 19.80 19.07 18.38 32.98 57.23
Dividend Payout % 0% 0% 0% 0% 0% 0% 5% 3% 0% 5% 5% 5%
Compounded Sales Growth
10 Years: 14%
5 Years: 10%
3 Years: 21%
TTM: 56%
Compounded Profit Growth
10 Years: 22%
5 Years: 9%
3 Years: 18%
TTM: 169%
Stock Price CAGR
10 Years: 52%
5 Years: 63%
3 Years: 101%
1 Year: 160%
Return on Equity
10 Years: 14%
5 Years: 16%
3 Years: 13%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 4 4 4 4 4 4 4 4 4 4 4 4 4
Reserves 17 19 20 20 22 26 34 47 56 63 71 85 101
6 11 10 13 14 12 9 9 4 3 5 4 3
9 11 12 16 15 17 21 18 20 22 31 30 32
Total Liabilities 37 44 46 52 55 59 68 78 83 92 110 123 140
16 16 16 23 27 29 30 33 34 37 42 45 49
CWIP 0 4 6 1 1 0 0 1 0 1 1 2 4
Investments 0 0 0 0 0 2 3 5 8 13 15 18 22
20 24 24 29 28 29 35 39 41 42 52 59 65
Total Assets 37 44 46 52 55 59 68 78 83 92 110 123 140

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3 1 5 1 6 7 9 10 11 10 10 12
-2 -5 -3 -3 -6 -4 -4 -8 -5 -10 -10 -10
-1 4 -2 2 -0 -3 -5 -1 -6 -1 1 -2
Net Cash Flow -0 0 0 0 0 -1 0 1 0 -1 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 70 102 81 96 58 63 50 58 83 74 55 60
Inventory Days 183 223 265 281 265 206 186 147 214 215 211 169
Days Payable 121 146 190 220 199 179 165 117 175 150 170 118
Cash Conversion Cycle 132 180 156 156 124 90 71 87 121 139 97 111
Working Capital Days 95 131 109 115 82 70 59 73 87 85 71 76
ROCE % 15% 11% 5% 8% 11% 17% 26% 35% 18% 15% 14% 21%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
51.76% 51.76% 51.76% 51.76% 51.76% 51.76% 51.76% 51.76% 51.76% 51.76% 51.76% 51.76%
48.24% 48.24% 48.24% 48.24% 48.24% 48.24% 48.23% 48.24% 48.22% 48.25% 48.24% 48.23%
No. of Shareholders 6,3286,0495,9015,8475,8625,7365,8175,8795,9006,5147,4478,061

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