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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Coil springs, Air-springs & Forging items (100%), Roofing Sheets (0%). Railway-focused auto-components manufacturer, leveraged to Indian Railways capex
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 84 | 107 | 135 | 231 | 322 |
| EBITDA (ex other income) | 12 | 13 | 21 | 50 | 86 |
| margin % | 14.6 | 11.8 | 15.3 | 21.5 | 26.8 |
| Owners' profit | 8 | 7 | 13 | 35 | 61 |
| EPS, as reported (₹) | 21.02 | 19.41 | 38.63 | 89.79 | 51.89 |
| ROE % · ROCE % | 11.1 · 14.5 | 9.7 · 12.8 | 14.5 · 18.9 | 28.0 · 36.1 | 33.4 · 43.6 |
| Debt / equity (x) | 0.05 | 0.06 | 0.04 | 0.05 | 0.06 |
| Cash from operations | 10 | 10 | 12 | 22 | 31 |
| Capex | (6) | (9) | (8) | (15) | (15) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 51 | 52 | 58 | 70 | 75 | 83 | 81 | 83 |
| Profit before tax | 9 | 10 | 11 | 16 | 20 | 21 | 19 | 22 |
| Net profit | 7 | 7 | 9 | 12 | 15 | 16 | 14 | 17 |
| EPS (₹) | 18.88 | 21.20 | 20.57 | 29.15 | 40.11 | 79.28 | 39.47 | 14.04 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,73,567 | 39.6 | 3.98 | 15.4 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,42,736 | 60.4 | 9.61 | 35.1 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 92,992 | 131.7 | 9.73 | 33.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 69,386 | 57.6 | 9.56 | 31.7 | 17.7 | 15.7 | 25.3 | 10.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Frontier Springs publishes notice on physical shares dematerialisation window | compliance | minimal | — | — |
| 8 Sept 2026 · Frontier Springs shares now permitted to trade on NSE under special category | compliance | minimal | — | — |
| 31 Aug 2026 · Frontier Springs announces AGM date, record date and e-voting details | compliance | minimal | — | — |
| 29 Aug 2026 · Frontier Springs FY26 Annual Report: Revenue up 39%, PAT up 77% | board shareholder meetings | medium | — | — |
| 27 Aug 2026 · Postal Ballot Results: Independent Director Appointment Approved | board shareholder meetings | medium | — | — |
| 27 Aug 2026 · Postal Ballot Result: New Independent Director Approved | board shareholder meetings | low | — | — |
| 26 Aug 2026 · Record date set for Rs. 0.70 final dividend, AGM on Sept 22 | corporate actions | medium | — | — |
| 26 Aug 2026 · AGM on Sept 22, 2026; record date Sept 15 for final dividend | board shareholder meetings | medium | — | — |
| 14 Aug 2026 · Newspaper clippings of Q1 FY26-27 un-audited results published | compliance | minimal | — | — |
| 13 Aug 2026 · Frontier Springs Q1FY27 results: PAT down 27.6% QoQ, reiterates FY27 guidance of 500 crores | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| SCHAEFFLER INDIA LIMITED |
| 61,739 |
| 49.3 |
| 10.04 |
| — |
| 10.4 |
| 14.1 |
| — |
| 19.4 |
| TUBE INVEST OF INDIA LTD | 50,454 | 83.1 | 3.55 | 19.5 | 7.9 | 12.4 | 30.3 | 10.6 |
| SONA BLW PRECISION FRGS L | 49,016 | 70.4 | 7.99 | 42.6 | 10.3 | 12.9 | — | 25.1 |
| ENDURANCE TECHNO. LTD. | 37,964 | 39.1 | 5.55 | 18.6 | 13.9 | 15.6 | 17.4 | 13.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 7.2 | 26.7 | 6 of 123 | 96% |
| P/B | 8.0 | 3.5 | 99 of 116 | 15% |
| ROCE | 43.4 | 12.6 | 2 of 125 | 99% |
| ROE | 33.4 | 11.6 | 3 of 119 | 98% |
| Debt / Equity | 0.1 | 0.3 | 34 of 119 | 72% |
| EBITDA margin | 28.9 | 12.2 | 6 of 118 | 96% |
| Revenue growth | 17.8 | 20.2 | 67 of 113 | 41% |
| Profit growth | 42.2 | 24.4 | 42 of 115 | 64% |
| Market cap | 1468 | 1542 | 64 of 125 | 49% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
