Frontier Springs share price, P/E, ROE & financials

Frontier Springs (FRONTSP) had a P/E of 26.0× on 6 Nov 2026, above the industry P/E of 25.1×, and the shares are 15% below their 52-week high. Its ROCE of 44% is the highest among the 7 largest Metal Fabrication peers, and sales and net profit grew 45% and 104% a year over 3 years. It has almost no debt, and its dividend yield is 0.1%. It is a small-cap company with a market cap of ₹1,586 Cr, ranked 23rd of 71 Metal Fabrication companies by market cap; the shares rose 4.5% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹1,370.00
Day high: ₹1,411.10
Day low: ₹1,329.10
Prev. close: ₹1,376.60
Volume: 8.1K

Health check

3 good · 1 fair · 2 to check

ReturnsBehind
+4.5% over a year, better than 1 of 7 peers.
Price tagIn line
P/E 26.0 vs industry 25.1.
GrowthStrong
Sales +44.9%, profit +103.8% a year over 3 years.
ProfitabilityStrong
ROCE 43.6% vs peer median 15.6%.
Balance sheetSolid
Debt 0.06× equity, interest covered 295.3×, Piotroski 8 of 9.
Red flags1 to check
Quarterly profit down 18.5% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Metal Fabrication

70 listed peers. Screen the industry

Small cap

₹1,586 Cr, #23 of 71 in its industry by size.

Defensive

Beta 0.49 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹325 Cr · profit ₹59 Cr

Market cap: ₹1,586 Cr; Small cap
P/E: 26.0; Industry 25.1
Price to book: 8.64; Peers 7.00
Dividend yield: 0.05%
ROE: 39.9%; Peers 8.6%
ROCE: 43.6%; Peers 15.6%
Debt to equity: 0.06; Debt ₹11 Cr
EPS (TTM): ₹51.61; Face value ₹10
OPM (TTM): 26.2%; Net margin 18.0%
Sales growth: +4.1%; Latest quarter vs a year ago
Profit growth: −18.5%; Latest quarter vs a year ago
Price to sales: 4.88; EV/EBITDA 18.7

Strengths

Return on equity of 39.9%.
Return on capital employed of 43.6%.
Practically debt-free.
Positive operating cash flow in each of the last 4 years.

Risks to check

Quarterly profit down 18.5% on a year ago.

Derived automatically from reported figures. Not a recommendation.

About Frontier Springs

Frontier Springs Limited engages in the production and sale of L.H.B. springs, hot coiled compression springs, air springs, and forging items in India. Its forging products include anti-roll bar assemblies, screw couplings, draft gear assemblies, hangers, knuckle throwers, top followers, wedge, and brake blocks. The company also offers air spring suspension systems. It serves railways, wagons, locomotives, carriages, coaches, heavy engineering industries,…

Headquarters: Kanpur
Employees: 248
Sector: Industrials
ISIN: INE572D01014
Website: frontiersprings.co.in

Price range

52 weeks

₹1,150.50₹1,569.80

Today

₹1,329.10₹1,411.10

Avg volume (3M): 54.7K
1-year return: plus 4.5%
From 52-week high: minus 14.5%

Peers · Metal Fabrication

Compare with peers Screen the whole industry

Company
BHARATFORGBharat Forge	1,740.00	minus 0.74%	85,029	121.8	7.23	15.6%	6.7%	14.7%	9.7%	26.9%	0.49%	plus 32.3%
INDOMIMINDO-MIM	1,219.50	minus 3.93%	60,302	101.1	20.94	22.8%	21.3%	28.6%	15.8%	4.9%	0.00%	plus 64.4%
PTCILPTC Industries	24,335.00	plus 0.04%	38,564	290.6	23.73	7.9%	8.6%	24.6%	40.7%	57.8%	0.00%	plus 41.4%
ZETWERKZetwerk Manufacturing Businesses	164.89	minus 1.10%	27,937	–	−2.47	−13.0%	−36.0%	0.1%	56.9%	–	0.00%	plus 19.3%
HAPPYFORGEHappy Forgings	1,694.50	minus 10.00%	15,996	49.0	7.00	18.9%	15.2%	30.6%	9.8%	13.1%	0.24%	plus 85.8%
RKFORGERamkrishna Forgings	693.85	minus 4.25%	13,087	68.4	3.51	4.7%	5.6%	17.1%	10.5%	−33.9%	0.58%	plus 35.6%
GRAVITAGravita India	1,493.90	minus 0.07%	10,883	27.3	4.11	18.1%	16.2%	9.3%	14.9%	23.5%	0.52%	minus 15.4%
FRONTSPFrontier Springs	1,342.00	minus 2.51%	1,586	26.0	8.64	43.6%	39.9%	26.2%	44.9%	103.8%	0.05%	plus 4.5%
Median of 7 peers	–	−1.10%	27,937	84.7	7.00	15.6%	8.6%	17.1%	14.9%	18.3%	0.24%	35.6%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
75.3	82.7	81.4	82.5	78.5
54.9	60.7	61.2	59	59.2
20.4	22.1	20.3	23.5	19.2
27.1%	26.7%	24.9%	28.5%	24.5%
0.6	0.2	0.1	0.3	0.1
0.1	0.1	0.1	0.1	0.1
1	1.1	1.1	1.7	1.2
19.9	21.1	19.2	22.1	18.1
26.0%	25.5%	25.4%	24.9%	33.5%
14.7	15.7	14.3	16.6	12
12.48	13.29	13.16	14.04	10.17

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +44.9%
Profit CAGR 3Y: +103.8%
EPS CAGR 3Y: +103.8%
ROE: 39.9%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
104	132	227	317
–	+26.4%	+72.3%	+39.7%
91.2	111	177	230
12.9	21.2	50	86.6
12.4%	16.1%	22.1%	27.3%
0.3	0.2	−0	0.1
0.3	0.2	0.2	0.3
3.2	3.7	4	4.9
0	–	0.6	0.8
9.8	17.5	46.4	82.3
25.9%	25.7%	25.3%	25.5%
7.2	13	34.7	61.3
–	+79.4%	+166.9%	+76.9%
6.13	10.99	29.34	51.89

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
4	4	4	11.8
70.7	85.3	120	172
4.6	3.7	5.9	10.8
30.6	30.3	39.5	24
110	123	169	218
43	47	57.6	67.2
1.1	1.9	1.3	1.7
13.8	14.1	24.8	44.6
0.3	0.4	5.2	0.6
51.7	60	80.4	104
110	123	169	218

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
9.6	11.6	22.1	31.4
−10	−9.6	−20.5	−36.9
0.5	−1.7	1.3	3.8
0.1	0.3	2.9	−1.7
−8.5	−7.8	−14.8	−14.6
1.1	3.7	7.3	16.8
−0.4	−0.6	−0.7	−0.8

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company.

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you