FRONTSP
Frontier Springs share price & financials
- Price
- ₹1,407
- Market cap
- ₹1.5k Cr
Quarterly results
Q4 FY26: revenue up 18.6%, net profit up 41.7% against the same quarter last year.
| Line item | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 51 | 52 | 58 | 70 | 75 +47% | 83 +60% | 81 +40% | 83 +19% |
| EBITDA | 10 | 11 | 12 | 17 | 20 +100% | 22 +100% | 20 +67% | 24 +41% |
| Net profit | 7 | 7 | 9 | 12 | 15 +114% | 16 +129% | 14 +56% | 17 +42% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −21.0% 1Y
1Y: ₹1,568.65 on 10 Sept 2025 → ₹1,240. High ₹1,794.7 (11 May 2026), low ₹1,227.15 (30 Mar 2026).
Financials, as filed
Revenue grew 54.4% a year over 2 years, FY24 to FY26. Operating margin widened to 26.7%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹135 Cr | ₹231 Cr | ₹322 Cr |
| Operating profit | ₹20 Cr | ₹50 Cr | ₹86 Cr |
| Operating margin | 14.8% | 21.6% | 26.7% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹4 Cr | ₹4 Cr | ₹5 Cr |
| Net profit | ₹13 Cr | ₹35 Cr | ₹62 Cr |
| Net margin | 9.6% | 15.2% | 19.3% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Equity capital | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr |
| Reserves | ₹47 Cr | ₹56 Cr | ₹63 Cr | ₹71 Cr | ₹85 Cr | ₹151 Cr |
| Borrowings | ₹9 Cr | ₹4 Cr | ₹3 Cr | ₹5 Cr | ₹4 Cr | ₹7 Cr |
| Other liabilities | ₹18 Cr | ₹20 Cr | ₹22 Cr | ₹31 Cr | ₹30 Cr | ₹20 Cr |
| Total liabilities | ₹78 Cr | ₹83 Cr | ₹92 Cr | ₹110 Cr | ₹123 Cr | ₹182 Cr |
| Fixed assets | ₹33 Cr | ₹34 Cr | ₹37 Cr | ₹42 Cr | ₹45 Cr | ₹63 Cr |
| Capital work in progress | ₹1 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹0 Cr |
| Investments | ₹5 Cr | ₹8 Cr | ₹13 Cr | ₹15 Cr | ₹18 Cr | ₹30 Cr |
| Other assets | ₹39 Cr | ₹41 Cr | ₹42 Cr | ₹52 Cr | ₹59 Cr | ₹89 Cr |
| Total assets | ₹78 Cr | ₹83 Cr | ₹92 Cr | ₹110 Cr | ₹123 Cr | ₹182 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs added +0.24 pp while the public trimmed −0.23 pp. The shareholder count grew 66% to 17,968.
- Promoters
- 51.8%
- DIIs
- 0.4%
- Public
- 47.9%
Since Jun 2025
- DIIs +0.24 pp
- Public −0.23 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 51.8%, Public 48.2%.Dec '23: Promoters 51.8%, Public 48.2%.Mar '24: Promoters 51.8%, Public 48.3%.Jun '24: Promoters 51.8%, Public 48.2%.Sep '24: Promoters 51.8%, Public 48.2%.Dec '24: Promoters 51.8%, Public 48.3%.Mar '25: Promoters 51.8%, Public 48.2%.Jun '25: Promoters 51.8%, DIIs 0.1%, Public 48.1%.Sep '25: Promoters 51.8%, DIIs 0.1%, Public 48.1%.Dec '25: Promoters 51.8%, DIIs 0.2%, Public 48.0%.Mar '26: Promoters 51.8%, DIIs 0.5%, Public 47.7%.Jun '26: Promoters 51.8%, DIIs 0.4%, Public 47.9%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Frontier Springs Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Kamla Bhatia | 15.90% | unchanged |
| Kapil Bhatia | 15.57% | unchanged |
| Neeraj Bhatia | 14.15% | unchanged |
| Investor Education and Protection Fund | 6.27% | unchanged |
| Kundan Lal Bhatia | 3.39% | unchanged |
| Frontier Springs Ltd | 3.31% | unchanged |
| Darrshana Kothari | 1.60% | unchanged |
| Neeta Manoj Ruparel | 1.60% | unchanged |
| Vishpa Rail Equipments Private Limited | 1.27% | unchanged |
| Singhi Dinesh Kumar Huf | 1.08% | unchanged |
| Mamta Bhatia | 0.97% | unchanged |
| Puran Chand Bhatia Huf | 0.93% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
AttractiveTo justify its price of ₹1240, this stock must grow earnings at 16% every year for 7 years. Our analysis caps realistic growth at ~117%. At that growth it is worth ₹79534 — upside of 6314%.
- Growth the price implies
- 15.6% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 118.4% a year
- net profit, FY24–FY26 · EPS 117.2%
- The gap
- -1.0 pp
- 6314% downside if it only repeats history
Learn to analyse Frontier Springs Limited
Guides on how to read this kind of business and the numbers that matter.