Frontier Springs Ltd
BSE:522195
Frontier Springs Ltd
Frontier Springs Ltd. engages in the manufacture of hot wound springs for transportation, industrial and government applications. The company is headquartered in Kanpur, Uttar Pradesh. The Company’s operating divisions include Springs division and Forging division. Its Springs division manufactures hot coil springs supplying to heavy engineering industries, original equipment manufacturer in India. The firm's Forging products include mass transit, locomotive, replacement, vibration control, industrial, triple coil, double coil, single coil, railroad, transit car, helical steel, buffer, side bearing, journal, secondary, equalizer, primary, pipe hanger, valve, nuclear valve, coal crushing and shock absorber, among others. The firm also manufactures tubes, pipes, hollow profiles, and tube and pipe fittings of cast-iron/cast steel. The firm offers L.B.springs and hot coiled compression springs for wagon, locomotives and carriage industries.
Frontier Springs Ltd. engages in the manufacture of hot wound springs for transportation, industrial and government applications. The company is headquartered in Kanpur, Uttar Pradesh. The Company’s operating divisions include Springs division and Forging division. Its Springs division manufactures hot coil springs supplying to heavy engineering industries, original equipment manufacturer in India. The firm's Forging products include mass transit, locomotive, replacement, vibration control, industrial, triple coil, double coil, single coil, railroad, transit car, helical steel, buffer, side bearing, journal, secondary, equalizer, primary, pipe hanger, valve, nuclear valve, coal crushing and shock absorber, among others. The firm also manufactures tubes, pipes, hollow profiles, and tube and pipe fittings of cast-iron/cast steel. The firm offers L.B.springs and hot coiled compression springs for wagon, locomotives and carriage industries.
Revenue Growth: Frontier Springs reported Q2 revenue from operations of INR 82.74 crores, up 58.39% year-on-year, with H1 revenue reaching INR 158.08 crores, a 53.49% growth YoY.
Profit Surge: Q2 profit after tax more than doubled to INR 15.71 crores, rising 115.5% YoY. H1 profit after tax was INR 30.45 crores, up 113.37% YoY.
Margin Expansion: EBITDA margins improved substantially to around 27%, compared to 21-22% previously, and management expects these levels to be sustainable for the year.
Strong Order Book: The company has a robust order book and expects to comfortably achieve its gross revenue target of INR 375 crores for FY '26, with INR 500 crores targeted for FY '27.
Product Innovation: The new FIBA system (failure indication and brake application) is developed in-house, expected to receive regulatory approval soon, and to be commercialized in the next financial year.
Strategic CapEx: Planned CapEx of INR 15 crores for the year across divisions is underway, funded through internal accruals without external borrowing.
Market Position: Frontier Springs claims a 40% market share in both coil springs and air springs for Indian Railways, and sees sustained demand due to railway modernization.
Long-term Ambition: Management aspires to cross INR 1,000 crores in revenue in the next 5 years, mainly driven by railway sector demand and selective expansion into new product lines.
