Frontier Springs Ltd Stock Analysis

BSE: 522195 | NSE: | Steel & Iron Products | Small Cap

BSE Share Price 27-Jan-2023 18:01
449.65 -20.75 (-4.41%)

DeciZen - Make an Informed Decision on Frontier Springs

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Frontier Springs Price Chart

P/E Ratio ( SA) :
24.86
Market Cap :
177.1 Cr.
52-wk low :
242
52-wk high :
540
Bole Toh?

1. Is Frontier Springs Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Frontier Springs Ltd is a average quality company.

2. Is Frontier Springs Ltd undervalued or overvalued?

The key valuation ratios of Frontier Springs Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Frontier Springs Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Frontier Springs Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Frontier Springs:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Frontier Springs Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 10.4%7.8%3.4%4.9%9%11.9%20.7%27.5%12.7%11.1%-
Value Creation Index -0.3-0.4-0.8-0.7-0.4-0.20.51.0-0.1-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 39.23836.140.948.859.583.399.97783.793
YoY Gr. Rt. %--2.9%-5.1%13.2%19.3%22%40%19.9%-22.9%8.7%-
Adj EPS 5.24.30.91.35.49.121.23519.118.418.1
YoY Gr. Rt. %--17.1%-79.1%43.3%321.7%68%131.7%65.1%-45.5%-3.4%-
BVPS (₹) 54.358.659.660.966.375.495.8130.3151.1171.2180.3
Adj Net Profit 2.11.70.40.52.13.68.313.87.57.37
Cash Flow from Ops. 3.30.85.11.36.36.78.810.11110.2-
Debt/CF from Ops. 1.913.41.99.92.21.910.90.30.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.8%11.4%0.2%8.7%
Adj EPS 15.1%27.6%-4.6%-3.4%
BVPS 13.620.921.313.3
Share Price 33.2% 15.9% 21.1% 52.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 107.61.52.18.512.924.730.913.511.410.3
Op. Profit Mgn % 12.211.47.79.611.414.715.820.316.514.613.2
Net Profit Mgn % 5.24.511.34.46.11013.89.88.77.7
Debt to Equity 0.30.50.40.50.50.40.20.20.10.10
Working Cap Days 156186210203184143115109176169140
Cash Conv. Cycle 78961078567412933445767

Recent Performance Summary

Sales growth is good in last 4 quarters at 17.11%

Return on Equity has declined versus last 3 years average to 10.30%

Sales growth has been subdued in last 3 years 0.16%

Net Profit has been subdued in last 3 years -4.58%

Latest Financials - Frontier Springs Ltd.

Standalone Consolidated
TTM EPS (₹) 18.1 -
TTM Sales (₹ Cr.) 92.7 -
BVPS (₹.) 180.3 -
Reserves (₹ Cr.) 67 -
P/BV 2.49 -
PE 24.86 -
From the Market
52 Week Low / High (₹) 242.00 / 539.95
All Time Low / High (₹) 0.20 / 539.95
Market Cap (₹ Cr.) 177
Equity (₹ Cr.) 3.9
Face Value (₹) 10
Industry PE 10.7

Management X-Ray of Frontier Springs :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Frontier Springs

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Frontier Springs Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Frontier Springs on 27-Jan-2023 18:01 is : 449.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 27-Jan-2023 18:01 the market cap of Frontier Springs stood at ₹ 177.1.
The latest PE ratio of Frontier Springs as of 27-Jan-2023 18:01 is 24.86.
The latest PB ratio of Frontier Springs as of 27-Jan-2023 18:01 is 2.49
The 52-week high of Frontier Springs is ₹ 540.0 and the 52-week low is ₹ 242.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Frontier Springs is ₹ 92.72 ( Cr.) .

About Frontier Springs Ltd

Frontier Springs, is the world’s leading manufacturer of hot wound springs for transportation, industrial and government applications.

With a state-of-the-art manufacturing facility, covering more than 50,000 sq. ft., they offer a modern, streamlined operation that allows us to deliver high quality springs worldwide. Whether it’s an order for one spring or a million, Frontier is ready to meet requirements.

Frontier Springs has been meeting and satisfying the hot wound spring requirements of the transportation and heavy equipment industrial marketplace since 1980. They continuing commitment to quality, innovation and complete customer satisfaction is ‘’built into’’every product they manufacture.

Their ISO certification and investments in innovative technologies & custom design capabilities allows them to keep pace with the rigorous quality standards that are necessary in today’s ever-changing world market.For Rail Road and Transportation applications, Frontier maintains a large inventory of hot wound springs.

Product range of the company includes:

Hot coil springs supplying to Heavy Engineering. Industries, O.E. Manufacturers in India & Abroad in order to obtain better space utilization, more fatigue and weight reduction, different type of Coil Springs are manufactured at Frontier.

  • Hot Coil Springs
  • Leaf Springs
  • Steel Grade

Frontier makes the following types of hot wound springs:

  • - Mass Transit Springs - Locomotive Springs - Replacement Springs - Vibration Control Springs
  • - Industrial Springs  - OEM Springs - Triple Coil Springs - Double Coil Springs - Single Coil Springs
  • - Railroad Springs - Transit Car Springs - Helical Steel Springs - Truck Springs - Buffer Springs
  • - Side Bearing Springs - Journal Springs - Secondary Springs - Equalizer Springs - Primary Springs
  • - Pipe Hanger Springs - Valve Springs - Nuclear Valve Springs - Coal Crushing Springs
  • - Rail Road Passenger Springs - Shock Absorber Springs - Snow Plowing Springs - Actuator Springs
  • - Shaker Springs   - Mining Equipment Springs   - Draft Gear Springs   - Bogie spring  
  • - Pipe Support Springs   - Wagon Springs   - Brake Chamber Springs   - Condenser Springs 
  • - Power Generator Springs   - Conveyor Springs   - Agriculture Equipment Springs  
  • - Heavy Duty Coiled Springs   - Tractor Springs   - Large Coil Springs   - Compression Springs 
  • - Leaf Springs for Automobiles   - Laminated Bearing Springs 

Clientele:

  • Indian Railways
  • Chittaranjan Locomotive Works
  • Diesel Locomotives Works
  • Rail Coach Factory
  • Bharat Earth Movers Ltd.
  • Vehicle Factory (Defence)
  • Bharat Heavy Electricals Ltd.
  • Texmaco Ltd.
  • Simplex Castings Ltd.
  • Crompton Greeves Ltd.
  • National Thermal Power Corporation
  • Telco Construction Equipment Co. Ltd.

Awards & Achievements:

An ISO 9000:2001 certified company.

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