Frontier Springs Ltd.

•

frontiersprings.co.inBSE: 522195NSE: FRONTSP

Market Cap₹ 1,465 Cr.

Current Price

High / Low₹ 1,869 / 1,231

Stock P/E25.0

Book Value₹ 165

Price to Book7.90

Dividend Yield0.02 %

ROCE51.1 %

ROE39.9 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

View full sector analysis →

PROS

Company has delivered good profit growth of 51.1% CAGR over last 5 years
Company is almost debt free
Company has a healthy return on capital (ROCE) of 38.1%
Company has a good return on equity (ROE) track record: 3 Years ROE 29.4%
Latest quarter profit grew 714.9% YoY, showing strong momentum
Company has delivered good sales growth of 33.1% CAGR over last 5 years

CONS

Receivables are growing faster than sales - a possible quality concern
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.60x)
Total debt has risen sharply - up 82.0% year on year
Valuation is stretched - P/E of 25.0 is well above its own 5-year median (11.8)
Stock is trading at 7.9x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Metals & MiningIron & SteelSteel & Iron Products

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	JSWSTEEL	1267.50	12.51	309961.29	0.56	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	182.85	20.69	228259.99	2.19	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	179.00	17.31	73936.40	1.31	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2676.25	30.57	70596.97	0.19	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	JSL	755.20	19.16	62260.17	0.53	768.66	7.56	11278.54	10.50	19.19	12.09
6.	APLAPOLLO	2153.00	48.64	59779.85	0.39	263.11	10.94	5606.71	12.07	31.83	7.34
7.	SHYAMMETL	1074.35	26.70	29988.53	0.42	350.73	20.66	5455.09	23.45	13.88	14.03
8.	JINDALSAW	311.85	30.52	19943.06	0.64	90.79	-78.15	4452.31	9.00	10.38	8.79
9.	RATNAMANI	2808.15	45.47	19682.88	0.36	107.03	-15.82	971.63	-15.63	18.01	16.69
10.	SARDAEN	524.75	16.37	18491.21	0.38	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	244.50	20.41	16460.69	0.41	222.37	2.75	1750.47	32.29	20.20	19.36
12.	FRONTSP	1239.65	25.00	1464.71	0.02	120.11	714.86	784.62	941.44	51.11	24.52

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	25	33	33	44	51	52	58	70	75	83	81	83	785
	22	28	28	37	41	42	46	53	55	61	61	59	605
Operating Profit	3	5	5	7	10	11	12	17	20	22	20	24	179
OPM %	13.61%	14.38%	15.63%	16.79%	19.21%	20.46%	21.40%	23.90%	27.10%	26.67%	24.89%	28.52%	22.86%
	0	0	0	0	1	0	0	0	1	0	0	0	1
Interest	0	0	0	0	0	0	0	0	0	0	0	0	1
Depreciation	1	1	1	1	1	1	1	1	1	1	1	2	12
Profit before Tax	3	4	4	7	9	10	11	16	20	21	19	22	181
Tax %	28.19%	25.33%	25.06%	25.07%	25.80%	25.23%	23.82%	26.11%	26.00%	25.52%	25.43%	24.94%	33.47%
Net Profit	2	3	3	5	7	7	9	12	15	16	14	17	120
	6.41	8.36	10.33	13.54	18.88	21.20	20.57	9.87	40.11	39.64	39.47	14.04	10.17

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	49	59	83	100	77	84	107	135	231	322	1,031
	43	51	70	80	64	71	94	114	181	235	786
Operating Profit	6	9	13	20	13	12	13	21	50	87	245
OPM %	11.33%	14.62%	15.68%	20.32%	16.88%	14.62%	12.06%	15.62%	21.62%	26.89%	23.78%
	0	1	1	1	1	1	1	1	1	1	2
Interest	2	2	1	1	1	0	1	1	1	1	1
Depreciation	2	2	2	2	3	3	3	4	4	5	16
Profit before Tax	2	5	10	18	11	10	10	17	46	82	243
Tax %	8.07%	35.15%	18.43%	20.08%	26.01%	25.42%	25.91%	25.66%	25.31%	25.45%	31.37%
Net Profit	2	4	8	14	8	8	7	13	35	61	167
EPS	5.42	9.05	21.62	35.56	20.88	21.02	19.41	32.97	88.01	51.89	—
Dividend Payout %	0.00%	0.00%	4.69%	3.09%	0.00%	5.24%	5.44%	4.55%	2.05%	1.35%	—

COMPOUNDED SALES GROWTH

10 Years:: 23%
5 Years:: 33%
3 Years:: 44%

COMPOUNDED PROFIT GROWTH

10 Years:: 61%
5 Years:: 51%
3 Years:: 103%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 20%
5 Years:: 22%
3 Years:: 29%
Last Year:: 40%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4	4	4	4	4	4	4	4	4	12
	22	26	34	47	56	63	71	85	120	172
	14	12	9	9	4	3	5	4	6	11
Trade Payables	12	13	16	13	14	14	24	22	30	14
	3	4	5	5	6	7	6	9	10	10
Total Liabilities	55	59	68	78	83	92	110	123	169	218
	27	29	30	33	34	36	42	45	56	65
Capital Work in Progress	1	0	0	1	0	1	1	2	1	1
	0	2	3	5	8	13	15	18	25	48
	16	15	18	16	17	21	30	31	40	34
	0	0	0	0	0	0	0	22	38	61
Cash & Bank	2	1	1	3	3	2	2	2	5	4
	10	12	15	20	21	19	19	3	4	5
Total Assets	55	59	68	78	83	92	110	123	169	218

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	7	8	11	13	14	13	12	12	22	32
Cash from Investing	-6	-4	-4	-8	-5	-10	-10	-10	-20	-37
Cash from Financing	-0	-3	-5	-1	-6	-1	1	-2	1	4
	0	-1	0	1	0	-1	0	0	3	-2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	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
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.12	0.10	0.21	0.51	0.36
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	48.24	48.24	48.24	48.24	48.12	48.13	48.03	47.73	47.88

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for FRONTSP

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AI Stock Analyst

Frontier Springs Ltd.

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Free 5nance Account

Name

JSWSTEEL

1267.50

12.51

309961.29

0.56

4696.00

112.58

47364.00

11.55

20.67

19.60

TATASTEEL

182.85

20.69

228259.99

2.19

2385.24

18.82

60794.29

15.26

12.70

15.40

SAIL

179.00

17.31

73936.40

1.31

1644.05

120.80

26245.67

1.25

7.08

15.92

WELCORP

2676.25

30.57

70596.97

0.19

1047.88

200.11

4081.12

14.91

23.94

32.17

JSL

755.20

19.16

62260.17

0.53

768.66

7.56

11278.54

10.50

19.19

12.09

APLAPOLLO

2153.00

48.64

59779.85

0.39

263.11

10.94

5606.71

12.07

31.83

7.34

SHYAMMETL

1074.35

26.70

29988.53

0.42

350.73

20.66

5455.09

23.45

13.88

14.03

JINDALSAW

311.85

30.52

19943.06

0.64

90.79

-78.15

4452.31

9.00

10.38

8.79

RATNAMANI

2808.15

45.47

19682.88

0.36

107.03

-15.82

971.63

-15.63

18.01

16.69

SARDAEN

524.75

16.37

18491.21

0.38

478.13

9.50

1608.04

-1.07

17.76

41.59

GPIL

244.50

20.41

16460.69

0.41

222.37

2.75

1750.47

32.29

20.20

19.36

FRONTSP

1239.65

25.00

1464.71

0.02

120.11

714.86

784.62

941.44

51.11

24.52

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

785

605

Operating Profit

179

OPM %

13.61%

14.38%

15.63%

16.79%

19.21%

20.46%

21.40%

23.90%

27.10%

26.67%

24.89%

28.52%

22.86%

Interest

Depreciation

Profit before Tax

181

Tax %

28.19%

25.33%

25.06%

25.07%

25.80%

25.23%

23.82%

26.11%

26.00%

25.52%

25.43%

24.94%

33.47%

Net Profit

120

6.41

8.36

10.33

13.54

18.88

21.20

20.57

9.87

40.11

39.64

39.47

14.04

10.17

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

100

107

135

231

322

1,031

114

181

235

786

Operating Profit

245

OPM %

11.33%

14.62%

15.68%

20.32%

16.88%

14.62%

12.06%

15.62%

21.62%

26.89%

23.78%

Interest

Depreciation

Profit before Tax

243

Tax %

8.07%

35.15%

18.43%

20.08%

26.01%

25.42%

25.91%

25.66%

25.31%

25.45%

31.37%

Net Profit

167

EPS

5.42

9.05

21.62

35.56

20.88

21.02

19.41

32.97

88.01

51.89

—

Dividend Payout %

0.00%

4.69%

3.09%

0.00%

5.24%

5.44%

4.55%

2.05%

1.35%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

120

172

Trade Payables

Total Liabilities

110

123

169

218

Capital Work in Progress

Cash & Bank

Total Assets

110

123

169

218

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Cash from Investing

-6

-4

-8

-5

-10

-20

-37

Cash from Financing

-0

-3

-5

-1

-6

-1

-2

-1

-2

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

51.76

FIIs

0.00

0.12

0.10

0.21

0.51

0.36

Government

0.00

48.24

48.12

48.13

48.03

47.73

47.88

Frontier Springs Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Frontier Springs Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI