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NSE:FRONTSP

FRONTIER SPRINGS LTD.

Automobile and Auto Components › Auto Components
₹1,305.30
at close · 28 Oct 2026
▲ 40.30 (+3.19%)
ThemesRailways· coreDefence· announced

Latest filings

  1. Board meeting to approve September 2026 quarterly and half-year results · Results
  2. Compliance certificate for Q2 FY26 dematerialisation filed with BSE · Compliance
  3. Trading Window Closed Ahead of Q2 FY26 Results · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures coil springs, air springs and forging items, almost entirely for Indian Railways, used in freight wagons, passenger coaches, locomotives and the Vande Bharat Express. The single operating segment, "Coil springs, Air-springs & Forging items", made up 100% of FY26 segment revenue of ₹231.34 cr (with FY26 revenue from operations of ₹322.06 cr). The forging vertical is being scaled with a new 6-ton hammer to target non-Railway clients, and an in-house FIBA (Failure Indication & Brake Application) system is RDSO-approved and awaiting a commercial trial. Air-spring capacity is being ramped via an MoU with Quant-Technik for LHB coaches, with production aimed at 250+ coach sets per month in FY27. The order book stood at ₹300+ cr (and ₹370 cr per the press release), giving multi-quarter visibility. The biggest input cost is steel/raw materials at 46.3% of revenue, against employee cost of 1.8% and other operating expenses of 25.0%. Planned FY27 capex is ₹20-25 cr across coil, air-spring and forging capacity.

Revenue mix · reported segments
Coil springs, Air-springs & Forging items100.0%
Roofing Sheets0.0%
Operating scale
Order book
₹300+ cr (₹370 cr per press release)FY26 exit
Air-spring capacity
250+ coach sets per month (FY27 target)FY27
Capacity utilization
~70%FY26
Air-spring units supplied
15,000 units in 2.5 years with zero field failuresFY26
Plant tenure
Operational since 1980; ISO 9001 certified
FY27 capex plan
₹20-25 cr across coil, air-spring and forgingFY27
Who pays it
Indian Railways (freight, coaching, locomotive and Vande Bharat Express), with forging foray into non-Railway clients
Biggest cost
Steel/raw materials at 46.3% of revenue
Kind of business
Railway-focused auto-components manufacturer, leveraged to Indian Railways capex
Where it sits
Supplies coil springs, air springs and forgings to Indian Railways across freight, coaching, locomotive and Vande Bharat programmes; emerging FIBA/indigenous brake system in import-substitution market
Market Cap
₹1,545 Cr
P / E (TTM)
7.5×
EV / EBITDA
17.8×
Div Yield
0.05%
Growth
33.1%▲
Revenue 5y CAGR
PAT +51.1% · EBITDA +44.9%
Quality
18.9%▲
ROCE (5y median)
ROE 14.5% (5y median) · margin 27.1%
Leverage
0.06·
Debt / Equity · low
Net debt ₹7.30 Cr
Revenue FY21→FY26
4.2×▲
Margin +8.9 pts
₹77 Cr → ₹322 Cr
Cash conversion
0.69×·
Operating cash ÷ profit · 5 yrs
₹85 Cr on ₹124 Cr
Moves on a normal day
1.51%·
Median daily move
Last 130 sessions · the yardstick for filing-day moves
Where it sits among 126 Auto Components & Equipments peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#7/119
P/B#102/117
ROCE#2/125
ROE#3/117
Debt / Equity#32/117
EBITDA margin#6/118
Revenue growth#67/113
Profit growth#42/115

Scorecard

Measured from the filed financials, judged against its Auto Components & Equipments peers · as of FY26 — not investment advice

Strengths
Revenue compounding 33% a year over 5 years
Profit compounding 51% a year over 5 years
Returns on capital 18.9% (5-year median)
#2 of 125 in Auto Components & Equipments on the latest reported figures · up from 16.7% in FY21
Debt at 0.06× equity
lower than 73% of its 117 Auto Components & Equipments peers
Concerns
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

FRONTSP · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from FRONTIER SPRINGS LTD.'s filed financials and exchange disclosures

What does FRONTIER SPRINGS LTD. do?

FRONTIER SPRINGS LTD. is a Auto Components company listed on NSE and BSE, trading under the symbol FRONTSP.

Is FRONTIER SPRINGS LTD. profitable?

Yes. Over the trailing twelve months FRONTIER SPRINGS LTD. reported a net profit of ₹61 Cr on revenue of ₹322 Cr.

Does FRONTIER SPRINGS LTD. pay a dividend?

Yes. The dividend yield is 0.05% at the current price. It paid out 1% of its profit as dividend in FY26.

Is FRONTIER SPRINGS LTD. debt-free?

No. It reported borrowings of ₹11 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹7.30 Cr after cash. Debt stands at 0.06× equity. That is lower than 73% of its 117 Auto Components & Equipments peers.

Is FRONTIER SPRINGS LTD. expensive compared with its peers?

On trailing P/E, FRONTIER SPRINGS LTD. ranks 7 of 119 in Auto Components & Equipments — cheaper than 95% of them, against an industry median of 25.3×. This is a position, not a valuation judgement.

How much does the FRONTIER SPRINGS LTD. share price move in a day?

On a typical session FRONTIER SPRINGS LTD. moves 1.51% — that is the median absolute close-to-close move across its last 130 trading days. MarketPing measures each filing's price reaction against it.

Where can I track FRONTIER SPRINGS LTD.'s announcements?

Every NSE and BSE filing by FRONTIER SPRINGS LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.