New Risk • Aug 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (28% accrual ratio). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Announcement • Aug 01
Frontier Springs Limited to Report Q1, 2027 Results on Aug 12, 2026 Frontier Springs Limited announced that they will report Q1, 2027 results on Aug 12, 2026 New Risk • Jul 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.5% average weekly change). High level of non-cash earnings (28% accrual ratio). Announcement • May 28
Frontier Springs Limited Recommends Dividend for the Year Ended March 31, 2026 Frontier Springs Limited recommended dividend subject to approval of Members at the ensuing Annual General Meeting of the Company, of INR 0.7 per share (i.e@ 7%) on Equity Shares of INR 10/- each of the Company for the year ended March 31, 2026. Announcement • May 11
Frontier Springs Limited to Report Q4, 2026 Results on May 28, 2026 Frontier Springs Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 28, 2026 Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹1,745, the stock trades at a trailing P/E ratio of 36.6x. Average trailing P/E is 27x in the Machinery industry in India. Total returns to shareholders of 1,182% over the past three years. Board Change • Apr 21
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Surendra Kumar Gupta was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,502, the stock trades at a trailing P/E ratio of 31.5x. Average trailing P/E is 26x in the Machinery industry in India. Total returns to shareholders of 1,040% over the past three years. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹39.47 (vs ₹20.57 in 3Q 2025) Third quarter 2026 results: EPS: ₹39.47 (up from ₹20.57 in 3Q 2025). Revenue: ₹815.1m (up 40% from 3Q 2025). Net income: ₹142.8m (up 64% from 3Q 2025). Profit margin: 18% (up from 15% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has increased by 120% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 04
Frontier Springs Limited to Report Q3, 2026 Results on Feb 12, 2026 Frontier Springs Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹4,824, the stock trades at a trailing P/E ratio of 37.4x. Average trailing P/E is 26x in the Machinery industry in India. Total returns to shareholders of 875% over the past three years. New Risk • Jan 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (36% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: ₹39.64 (vs ₹21.20 in 2Q 2025) Second quarter 2026 results: EPS: ₹39.64 (up from ₹21.20 in 2Q 2025). Revenue: ₹827.4m (up 58% from 2Q 2025). Net income: ₹157.1m (up 116% from 2Q 2025). Profit margin: 19% (up from 14% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has increased by 116% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 04
Frontier Springs Limited to Report Q2, 2026 Results on Nov 13, 2025 Frontier Springs Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Announcement • Sep 24
Frontier Springs Limited Approves Dividend for the Financial Year Ended 31 March, 2025 Frontier Springs Limited at the AGM held on September 22, 2025, approved declaration of dividend of INR 1.80 per share on Equity Shares of face value of INR 10 each for the Financial Year ended 31 March, 2025. Declared Dividend • Aug 30
Dividend increased to ₹1.80 Dividend of ₹1.80 is 20% higher than last year. Ex-date: 15th September 2025 Payment date: 22nd October 2025 Dividend yield will be 0.04%, which is lower than the industry average of 0.6%. Payout Ratios Payout ratio: 2%. Cash payout ratio: 10%. Announcement • Aug 28
Frontier Springs Limited, Annual General Meeting, Sep 22, 2025 Frontier Springs Limited, Annual General Meeting, Sep 22, 2025, at 12:30 Indian Standard Time. Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹40.11 (vs ₹18.88 in 1Q 2025) First quarter 2026 results: EPS: ₹40.11 (up from ₹18.88 in 1Q 2025). Revenue: ₹759.4m (up 50% from 1Q 2025). Net income: ₹147.4m (up 111% from 1Q 2025). Profit margin: 19% (up from 14% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has increased by 159% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 29
Frontier Springs Limited to Report Q1, 2026 Results on Aug 12, 2025 Frontier Springs Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹4,676, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 34x in the Machinery industry in India. Total returns to shareholders of 1,580% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹3,544, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 32x in the Machinery industry in India. Total returns to shareholders of 1,116% over the past three years. Reported Earnings • May 25
Full year 2025 earnings released: EPS: ₹89.79 (vs ₹32.97 in FY 2024) Full year 2025 results: EPS: ₹89.79 (up from ₹32.97 in FY 2024). Revenue: ₹2.32b (up 72% from FY 2024). Net income: ₹346.6m (up 167% from FY 2024). Profit margin: 15% (up from 9.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Announcement • May 10
Frontier Springs Limited to Report Q4, 2025 Results on May 24, 2025 Frontier Springs Limited announced that they will report Q4, 2025 results at 12:15 PM, Indian Standard Time on May 24, 2025 Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹2,414, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 32x in the Machinery industry in India. Total returns to shareholders of 564% over the past three years. New Risk • Feb 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (₹7.24b market cap, or US$83.3m). Reported Earnings • Feb 12
Third quarter 2025 earnings released Third quarter 2025 results: EPS: ₹20.57. Revenue: ₹583.3m (up 77% from 3Q 2024). Net income: ₹87.3m (up 171% from 3Q 2024). Profit margin: 15% (up from 9.8% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 103% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jan 29
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 3.5% to ₹2,035. The fair value is estimated to be ₹1,667, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 39%. Announcement • Jan 24
Frontier Springs Limited to Report Q3, 2025 Results on Feb 10, 2025 Frontier Springs Limited announced that they will report Q3, 2025 results on Feb 10, 2025 New Risk • Jan 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.58b (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹2,581, the stock trades at a trailing P/E ratio of 45.1x. Average trailing P/E is 38x in the Machinery industry in India. Total returns to shareholders of 893% over the past three years. Announcement • Nov 06
Frontier Springs Limited to Report Q2, 2025 Results on Nov 14, 2024 Frontier Springs Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹2,400, the stock trades at a trailing P/E ratio of 52.2x. Average trailing P/E is 40x in the Machinery industry in India. Total returns to shareholders of 722% over the past three years. Announcement • Oct 04
Frontier Springs Limited Approves Appointment of Shri Sudhanshu Mani as an Independent Director Frontier Springs Limited at is 44th AGM held on September 28, 2024 approved the appointment of Shri Sudhanshu Mani as an Independent Director of the Company for a period of 5 (Five) consecutive years with effect from 9th August, 2024. Announcement • Sep 29
Frontier Springs Limited Appoints Mr. S.K Gupta as A Non-Executive Independent Director Frontier Springs Limited announced that the Members at the Annual General Meeting of the Company held on September 28, 2024, have approved appointment of Mr. S.K Gupta as a Non-Executive Independent Director of the Company, to hold office for a term of 5 (five) consecutive years with effect from September 28,2024. Mr. S.K Gupta is not debarred from holding the office of director by any SEBI order or any other such authority. Shri Surendra Kumar Prem Narayan Gupta, aged 76 years, Mechanical Engineer with Diploma in Business Management. He has 57 years industrial experience in various plan erection, operation and maintenance and he was also holding office as head in the Companies operating in various fields viz. Oil Mills, Solvent Extraction Plant, Instrument Manufacturing Plant, Hot rolled and rolled coil springs as well Leaf Springs and having 32 years of experience as a Deputy Managing Director of Sunflag Special Steel Limited, directly looking after all the segments i.e. Integrated Alloy Steel manufacturing, plan commissioning, marketing, finance. He possesses the necessary skills and capabilities to act as an Independent Director which has been identified by the Board of Directors of the Company. Based on the attribute, the Nomination and Remuneration Committee has recommended the candidature of Shri Surendra Kumar Prem Narayan Gupta. In the opinion of the Board, Shri Surendra Kumar Prem Narayan Gupta fulfils the conditions specified under the Act, rules made thereunder and the SEBI Listing Regulations for his appointment as an Independent Director of the Company and is independent of the Company's management. In accordance with sub-regulation (1A) of Regulation 17 of the SEBI Listing Regulations inserted by Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendments) Regulations, 2018, no listed entity shall appoint a person or continue the Directorship of any person as a Non-Executive Director who has attained the age of seventy-five years unless a Special resolution is passed to that effect. Shri Surendra Kumar Prem Narayan Gupta has attained the age of 76 (Seventy-Six) years on 16TM August, 2024, therefore, his appointment for the office after attaining the age of 75 years would require the approval of the Members by way of Special Resolution. Declared Dividend • Sep 05
Dividend increased to ₹1.50 Dividend of ₹1.50 is 50% higher than last year. Ex-date: 20th September 2024 Payment date: 28th October 2024 Dividend yield will be 0.07%, which is lower than the industry average of 0.6%. Payout Ratios Payout ratio: 4%. Cash payout ratio: 16%. Announcement • Sep 04
Frontier Springs Limited, Annual General Meeting, Sep 28, 2024 Frontier Springs Limited, Annual General Meeting, Sep 28, 2024, at 12:30 Indian Standard Time. Location: km 25/4, kalpi road, rania, kanpur dehat- 209304., India Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to ₹2,024, the stock trades at a trailing P/E ratio of 44x. Average trailing P/E is 38x in the Machinery industry in India. Total returns to shareholders of 633% over the past three years. Reported Earnings • Aug 10
First quarter 2025 earnings released: EPS: ₹18.88 (vs ₹6.41 in 1Q 2024) First quarter 2025 results: EPS: ₹18.88 (up from ₹6.41 in 1Q 2024). Revenue: ₹514.2m (up 102% from 1Q 2024). Net income: ₹69.8m (up 276% from 1Q 2024). Profit margin: 14% (up from 7.3% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 30
Frontier Springs Limited to Report Q1, 2025 Results on Aug 09, 2024 Frontier Springs Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,418, the stock trades at a trailing P/E ratio of 55.2x. Average trailing P/E is 40x in the Machinery industry in India. Total returns to shareholders of 402% over the past three years. Announcement • May 23
Frontier Springs Limited to Report Q4, 2024 Results on May 27, 2024 Frontier Springs Limited announced that they will report Q4, 2024 results on May 27, 2024 Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,383, the stock trades at a trailing P/E ratio of 53.9x. Average trailing P/E is 38x in the Machinery industry in India. Total returns to shareholders of 438% over the past three years. Announcement • Feb 03
Frontier Springs Limited to Report Q3, 2024 Results on Feb 09, 2024 Frontier Springs Limited announced that they will report Q3, 2024 results on Feb 09, 2024 Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹1,060, the stock trades at a trailing P/E ratio of 49.8x. Average trailing P/E is 33x in the Machinery industry in India. Total returns to shareholders of 218% over the past three years. Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: ₹8.36 (vs ₹5.22 in 2Q 2023) Second quarter 2024 results: EPS: ₹8.36 (up from ₹5.22 in 2Q 2023). Revenue: ₹328.1m (up 23% from 2Q 2023). Net income: ₹28.5m (up 78% from 2Q 2023). Profit margin: 8.7% (up from 6.0% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹780, the stock trades at a trailing P/E ratio of 43x. Average trailing P/E is 32x in the Machinery industry in India. Total returns to shareholders of 190% over the past three years. Announcement • Oct 29
Frontier Springs Limited to Report Q2, 2024 Results on Nov 06, 2023 Frontier Springs Limited announced that they will report Q2, 2024 results at 3:30 PM, Indian Standard Time on Nov 06, 2023 Upcoming Dividend • Sep 15
Upcoming dividend of ₹1.00 per share at 0.1% yield Eligible shareholders must have bought the stock before 22 September 2023. Payment date: 05 October 2023. Payout ratio is a comfortable 5.4% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.7%). Announcement • Sep 08
Frontier Springs Limited, Annual General Meeting, Sep 30, 2023 Frontier Springs Limited, Annual General Meeting, Sep 30, 2023, at 12:00 Indian Standard Time. Location: Km 25/4, Kalpi Road, Rania, Kanpur Dehat-209304 Kanpur India Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31 March, 2023 together with the Reports of the Board of Directors and Auditors thereon; to declare Dividend on Equity Shares for the financial year ended 31 March, 2023; to appoint a Director in place of Shri Neeraj Bhatia who retires by rotation and being eligible, offers himself for re-appointment; and to discuss other matters. New Risk • Aug 10
New major risk - Revenue and earnings growth Earnings have declined by 1.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.6% average weekly change). Earnings have declined by 1.8% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹2.56b market cap, or US$30.9m). Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: ₹6.41 (vs ₹3.97 in 1Q 2023) First quarter 2024 results: EPS: ₹6.41. Revenue: ₹255.4m (up 7.9% from 1Q 2023). Net income: ₹18.6m (down 5.2% from 1Q 2023). Profit margin: 7.3% (down from 8.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Announcement • Aug 03
Frontier Springs Limited to Report Q1, 2024 Results on Aug 09, 2023 Frontier Springs Limited announced that they will report Q1, 2024 results on Aug 09, 2023 New Risk • Jul 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (₹2.02b market cap, or US$24.6m). Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹513, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 29x in the Machinery industry in India. Total returns to shareholders of 95% over the past three years. Reported Earnings • Jun 01
Full year 2023 earnings released: EPS: ₹19.41 (vs ₹19.08 in FY 2022) Full year 2023 results: EPS: ₹19.41. Revenue: ₹1.08b (up 29% from FY 2022). Net income: ₹72.4m (down 3.6% from FY 2022). Profit margin: 6.7% (down from 9.0% in FY 2022). The decrease in margin was driven by higher expenses. Announcement • May 31
Frontier Springs Limited Recommends Dividend for the Financial Year 2023 Frontier Springs Limited recommends dividend subject to approval of Members at the upcoming Annual General Meeting of the company, of INR 1 per share (i.e@ 10%) on Equity Shares of INR 10/- each of the company for the financial year 2022-23. Announcement • May 20
Frontier Springs Limited to Report Q4, 2023 Results on May 30, 2023 Frontier Springs Limited announced that they will report Q4, 2023 results on May 30, 2023 Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹452, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 26x in the Machinery industry in India. Total returns to shareholders of 123% over the past three years. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹414, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 23x in the Machinery industry in India. Total returns to shareholders of 116% over the past three years. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹4.87 (vs ₹4.32 in 3Q 2022) Third quarter 2023 results: EPS: ₹4.87. Revenue: ₹277.6m (up 38% from 3Q 2022). Net income: ₹15.1m (down 9.4% from 3Q 2022). Profit margin: 5.4% (down from 8.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Announcement • Feb 03
Frontier Springs Limited to Report Q3, 2023 Results on Feb 11, 2023 Frontier Springs Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Feb 11, 2023 Reported Earnings • Nov 20
Second quarter 2023 earnings released: EPS: ₹5.22 (vs ₹4.04 in 2Q 2022) Second quarter 2023 results: EPS: ₹5.22 (up from ₹4.04 in 2Q 2022). Revenue: ₹269.1m (up 43% from 2Q 2022). Net income: ₹16.0m (up 31% from 2Q 2022). Profit margin: 6.0% (down from 6.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. Non-Executive & Independent Director Keshao Somkuwar was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 05
Frontier Springs Limited to Report Q2, 2023 Results on Nov 14, 2022 Frontier Springs Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improved over the past week After last week's 16% share price gain to ₹416, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 27x in the Machinery industry in India. Total returns to shareholders of 107% over the past three years. Upcoming Dividend • Sep 13
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 20 September 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 5.8% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.6%). Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: ₹3.97 (vs ₹7.67 in 1Q 2022) First quarter 2023 results: EPS: ₹3.97 (down from ₹7.67 in 1Q 2022). Revenue: ₹238.1m (up 5.8% from 1Q 2022). Net income: ₹19.6m (down 28% from 1Q 2022). Profit margin: 8.2% (down from 12% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Jul 30
Frontier Springs Limited to Report Q1, 2023 Results on Aug 09, 2022 Frontier Springs Limited announced that they will report Q1, 2023 results at 12:15 PM, Indian Standard Time on Aug 09, 2022 Announcement • May 28
Frontier Springs Limited Recommends Dividend for the Financial Year 2022 Frontier Springs Limited, at the board meeting held on May 27, 2022 recommended dividend subject to approval of Members at the upcoming Annual General Meeting of the Company, of INR 1 per share (10%) on Equity Shares of INR 10/- each of the Company for the financial year 2021-22. Buying Opportunity • May 04
Now 22% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be ₹419, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last 3 years, while earnings per share has been flat. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. Non- Executive & Independent Director Keshao Somkuwar was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improved over the past week After last week's 19% share price gain to ₹328, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 24x in the Machinery industry in India. Total returns to shareholders of 44% over the past three years. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues in line with analyst expectations Third quarter 2022 results: Revenue: ₹202.9m (up 17% from 3Q 2021). Net income: ₹16.6m (up 30% from 3Q 2021). Profit margin: 8.2% (up from 7.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improved over the past week After last week's 16% share price gain to ₹327, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 24x in the Machinery industry in India. Total returns to shareholders of 79% over the past three years. Reported Earnings • Jun 09
Full year 2021 earnings released: EPS ₹20.88 (vs ₹35.65 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹779.4m (down 22% from FY 2020). Net income: ₹78.0m (down 45% from FY 2020). Profit margin: 10.0% (down from 14% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 30% per year. Is New 90 Day High Low • Mar 02
New 90-day low: ₹274 The company is down 4.0% from its price of ₹285 on 02 December 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 26% over the same period. Reported Earnings • Feb 15
Third quarter 2021 earnings released: EPS ₹3.63 (vs ₹10.95 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹173.3m (down 39% from 3Q 2020). Net income: ₹12.8m (down 70% from 3Q 2020). Profit margin: 7.4% (down from 15% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Feb 02
Frontier Springs Limited to Report Q3, 2021 Results on Feb 13, 2021 Frontier Springs Limited announced that they will report Q3, 2021 results on Feb 13, 2021 Is New 90 Day High Low • Dec 23
New 90-day high: ₹351 The company is up 13% from its price of ₹310 on 24 September 2020. The Indian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 15% over the same period. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 18% share price gain to ₹351, the stock is trading at a trailing P/E ratio of 10.8x, up from the previous P/E ratio of 9.2x. This compares to an average P/E of 22x in the Machinery industry in India. Total returns to shareholders over the past three years are 46%. Valuation Update With 7 Day Price Move • Dec 04
Market bids up stock over the past week After last week's 18% share price gain to ₹313, the stock is trading at a trailing P/E ratio of 9.6x, up from the previous P/E ratio of 8.2x. This compares to an average P/E of 22x in the Machinery industry in India. Total returns to shareholders over the past three years are 56%. Is New 90 Day High Low • Nov 11
New 90-day low: ₹270 The company is down 1.0% from its price of ₹272 on 13 August 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 10.0% over the same period. Reported Earnings • Nov 09
Second quarter 2021 earnings released: EPS ₹5.88 The company reported a poor second quarter result with weaker earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: ₹219.9m (down 13% from 2Q 2020). Net income: ₹22.8m (down 7.6% from 2Q 2020). Profit margin: 10% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Aug 07
Frontier Springs Limited to Report Q1, 2021 Results on Aug 13, 2020 Frontier Springs Limited announced that they will report Q1, 2021 results on Aug 13, 2020 Announcement • Jun 19
Frontier Springs Limited to Report Q4, 2020 Final Results on Jun 27, 2020 Frontier Springs Limited announced that they will report Q4, 2020 final results on Jun 27, 2020 
