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Last Updated: April 2, 2026, 4:37 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 522195 | NSE: FRONTSP

Frontier Springs Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹926.36Overvalued by 29.23%vs CMP ₹1,309.00

P/E (27.4) × ROE (32.0%) × BV (₹132.00) × DY (0.05%)

₹683.05Overvalued by 47.82%vs CMP ₹1,309.00
MoS: -91.6% (Negative)Confidence: 61/100 (Moderate)Models: 2 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,386.4221%Fair (+5.9%)
Graham NumberEarnings₹652.1315%Over (-50.2%)
Earnings PowerEarnings₹104.6110%Over (-92%)
DCFCash Flow₹1,157.3710%Over (-11.6%)
Net Asset ValueAssets₹131.247%Over (-90%)
EV/EBITDAEnterprise₹359.858%Over (-72.5%)
Dividend DiscountDividends₹55.008%Over (-95.8%)
Earnings YieldEarnings₹1,431.907%Fair (+9.4%)
ROCE CapitalReturns₹191.358%Over (-85.4%)
Revenue MultipleRevenue₹195.595%Over (-85.1%)
Consensus (10 models)₹683.05100%Overvalued
Key Drivers: EPS CAGR 49.7% lifts DCF — verify sustainability. | Wide model spread (₹55–₹1,432) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 49.7%

*Investments are subject to market risks

Investment Snapshot

84
Frontier Springs Ltd scores 84/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health92/100 · Strong
ROCE 41.6% ExcellentROE 32.0% ExcellentD/E 0.06 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 51.8% Stable
Earnings Quality65/100 · Strong
OPM expanding (14% → 19%) Improving
Quarterly Momentum100/100 · Strong
Revenue (4Q): +51% YoY AcceleratingProfit (4Q): +104% YoY StrongOPM: 25.0% (up 4.0% YoY) Margin expansion
Industry Rank100/100 · Strong
P/E 27.4 vs industry 82.6 Cheaper than peersROCE 41.6% vs industry 20.9% Above peersROE 32.0% vs industry 16.2% Above peers3Y sales CAGR: 40% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:37 am

Market Cap 1,546 Cr.
Current Price 1,309
Intrinsic Value₹683.05
High / Low 1,823/551
Stock P/E27.4
Book Value 132
Dividend Yield0.05 %
ROCE41.6 %
ROE32.0 %
Face Value 10.0
PEG Ratio0.55

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Frontier Springs Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Frontier Springs Ltd 1,546 Cr. 1,309 1,823/55127.4 1320.05 %41.6 %32.0 % 10.0
Remsons Industries Ltd 310 Cr. 89.0 157/77.230.2 33.40.34 %11.2 %9.54 % 2.00
Jamna Auto Industries Ltd 4,795 Cr. 120 153/69.723.7 26.01.75 %21.8 %19.2 % 1.00
Auto Pins (India) Ltd 94.7 Cr. 166 270/96.0249 15.10.00 %8.78 %3.92 % 10.0
Industry Average2,217.00 Cr421.0082.5851.630.54%20.85%16.17%5.75

All Competitor Stocks of Frontier Springs Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 28292533334451525870758381
Expenses 25252228283741424653556161
Operating Profit 34355710111217202220
OPM % 10%13%14%14%16%17%19%20%21%24%27%27%25%
Other Income 0000001000100
Interest 0000000000000
Depreciation 1111111111111
Profit before tax 2334479101116202119
Tax % 25%24%28%26%25%25%26%25%24%26%26%26%25%
Net Profit 22233577912151614
EPS in Rs 3.835.514.727.248.1812.8217.7218.5122.1729.6137.4339.8936.26

Last Updated: March 3, 2026, 9:48 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 5:20 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 3735394759831007784107135231310
Expenses 32323541507079647194114181230
Operating Profit 434681320131213215080
OPM % 12%8%10%12%14%16%20%17%15%12%16%22%26%
Other Income 0000011111111
Interest 1122111001110
Depreciation 1112222333444
Profit before tax 211251018111010174676
Tax % 25%29%49%8%35%18%20%26%25%26%26%25%
Net Profit 20124814887133556
EPS in Rs 4.291.041.295.439.0421.3335.6019.8019.0718.3832.9888.00143.19
Dividend Payout % 0%0%0%0%0%5%3%0%5%5%5%2%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-100.00%100.00%100.00%100.00%75.00%-42.86%0.00%-12.50%85.71%169.23%
Change in YoY Net Profit Growth (%)0.00%200.00%0.00%0.00%-25.00%-117.86%42.86%-12.50%98.21%83.52%

Frontier Springs Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:21%
5 Years:18%
3 Years:40%
TTM:59%
Compounded Profit Growth
10 Years:58%
5 Years:20%
3 Years:66%
TTM:134%
Stock Price CAGR
10 Years:72%
5 Years:72%
3 Years:145%
1 Year:122%
Return on Equity
10 Years:18%
5 Years:18%
3 Years:21%
Last Year:33%

Last Updated: September 5, 2025, 3:30 pm

Balance Sheet

Last Updated: March 3, 2026, 2:59 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 4444444444444
Reserves 1920202226344756637185120151
Borrowings 111013141299435467
Other Liabilities 11121615172118202231303920
Total Liabilities 444652555968788392110123169182
Fixed Assets 16162327293033343742455663
CWIP 4611001011210
Investments 0-0-0023581315182530
Other Assets 24242928293539414252598789
Total Assets 444652555968788392110123169182

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 151679101110101222
Cash from Investing Activity + -5-3-3-6-4-4-8-5-10-10-10-20
Cash from Financing Activity + 4-22-0-3-5-1-6-11-21
Net Cash Flow 0000-1010-1003
Free Cash Flow -42-2036394148
CFO/OP 29%189%38%123%94%84%64%107%104%92%75%67%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-7.00-7.00-9.00-8.00-4.004.0011.009.009.008.0017.0044.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 1028196586350588374556061
Inventory Days 223265281265206186147214215211169126
Days Payable 14619022019917916511717515017011894
Cash Conversion Cycle 1801561561249071871211399711192
Working Capital Days 595149233032537675606964
ROCE %11%5%8%11%17%26%35%18%15%14%21%42%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 51.76%51.76%51.76%51.76%51.76%51.76%51.76%51.76%51.76%51.76%51.76%51.76%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.12%0.10%0.21%
Public 48.24%48.23%48.24%48.22%48.25%48.24%48.23%48.25%48.23%48.12%48.13%48.03%
No. of Shareholders 5,7365,8175,8795,9006,5147,4478,0618,5159,13910,84012,46313,095

Shareholding Pattern Chart

No. of Shareholders

Frontier Springs Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 89.7938.6319.4121.0220.88
Diluted EPS (Rs.) 89.7938.6319.4121.0220.88
Cash EPS (Rs.) 97.5842.1326.3526.1626.40
Book Value[Excl.RevalReserv]/Share (Rs.) 312.79225.34188.44170.15150.26
Book Value[Incl.RevalReserv]/Share (Rs.) 312.79225.34188.44170.15150.26
Dividend / Share (Rs.) 1.801.501.001.001.00
Revenue From Operations / Share (Rs.) 583.71341.68270.88211.08194.20
PBDIT / Share (Rs.) 127.7853.9533.5833.3334.57
PBIT / Share (Rs.) 117.6644.5825.5026.1327.84
PBT / Share (Rs.) 117.0944.0824.6625.4226.59
Net Profit / Share (Rs.) 87.4632.7718.2718.9619.67
PBDIT Margin (%) 21.8915.7812.3915.7917.80
PBIT Margin (%) 20.1513.049.4112.3814.33
PBT Margin (%) 20.0612.909.1012.0413.69
Net Profit Margin (%) 14.989.586.748.9810.12
Return on Networth / Equity (%) 27.9614.549.6911.1413.09
Return on Capital Employeed (%) 36.0818.8612.8114.5216.74
Return On Assets (%) 20.4610.526.588.139.34
Long Term Debt / Equity (X) 0.010.010.010.010.06
Total Debt / Equity (X) 0.040.040.060.040.06
Asset Turnover Ratio (%) 1.581.161.060.950.95
Current Ratio (X) 2.151.941.631.912.29
Quick Ratio (X) 1.160.890.650.921.30
Inventory Turnover Ratio (X) 6.552.152.202.021.68
Dividend Payout Ratio (NP) (%) 2.044.545.445.240.00
Dividend Payout Ratio (CP) (%) 1.833.533.773.790.00
Earning Retention Ratio (%) 97.9695.4694.5694.760.00
Cash Earning Retention Ratio (%) 98.1796.4796.2396.210.00
Interest Coverage Ratio (X) 224.87107.0739.8146.9827.71
Interest Coverage Ratio (Post Tax) (X) 154.9266.0322.6627.7216.77
Enterprise Value (Cr.) 780.71465.25144.34109.54105.57
EV / Net Operating Revenue (X) 3.373.441.341.311.37
EV / EBITDA (X) 15.4221.7610.858.297.71
MarketCap / Net Operating Revenue (X) 3.373.431.321.291.36
Retention Ratios (%) 97.9595.4594.5594.750.00
Price / BV (X) 6.295.191.901.601.76
Price / Net Operating Revenue (X) 3.373.431.321.291.36
EarningsYield 0.040.020.050.060.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Frontier Springs Ltd. is a Public Limited Listed company incorporated on 24/02/1981 and has its registered office in the State of Uttar Pradesh, India. Company's Corporate Identification Number(CIN) is L17119UP1981PLC005212 and registration number is 005212. Currently Company is involved in the business activities of Casting of iron and steel. Company's Total Operating Revenue is Rs. 231.34 Cr. and Equity Capital is Rs. 3.96 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Auto Ancl - Susp. & Braking - SpringsKm 25/4, Kalpi Road, Kanpur Uttar Pradesh 209304Contact not found
Management
NamePosition Held
Mr. Kundan Lal BhatiaChairman & Managing Director
Mr. Kapil BhatiaManaging Director
Mr. Neeraj BhatiaWholeTime Director & CFO
Mrs. Mamta BhatiaWhole Time Director
Mrs. Manju BhatiaWhole Time Director
Mr. Sudhanshu ManiIndependent Director
Mr. S K GuptaIndependent Director
Mr. Nimesh MukerjiIndependent Director
Mr. K P SomkuwarIndependent Director
Mr. Sarabjit SinghIndependent Director

FAQ

What is the intrinsic value of Frontier Springs Ltd and is it undervalued?

As of 15 April 2026, Frontier Springs Ltd's intrinsic value is ₹683.05, which is 47.82% lower than the current market price of ₹1,309.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (32.0 %), book value (₹132), dividend yield (0.05 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Frontier Springs Ltd?

Frontier Springs Ltd is trading at ₹1,309.00 as of 15 April 2026, with a FY2026-2027 high of ₹1,823 and low of ₹551. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,546 Cr..

How does Frontier Springs Ltd's P/E ratio compare to its industry?

Frontier Springs Ltd has a P/E ratio of 27.4, which is below the industry average of 82.58. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Frontier Springs Ltd financially healthy?

Key indicators for Frontier Springs Ltd: ROCE of 41.6 % indicates efficient capital utilization; ROE of 32.0 % shows strong shareholder returns. Dividend yield is 0.05 %.

Is Frontier Springs Ltd profitable and how is the profit trend?

Frontier Springs Ltd reported a net profit of ₹35 Cr in Mar 2025 on revenue of ₹231 Cr. Compared to ₹8 Cr in Mar 2022, the net profit shows an improving trend.

Does Frontier Springs Ltd pay dividends?

Frontier Springs Ltd has a dividend yield of 0.05 % at the current price of ₹1,309.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Frontier Springs Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE