Frontier Springs share price today

Frontier Springs Ltd's share price was ₹1,342.80 at the close on 3 November 2026. It has been falling for 11 weeks. That is 2.3% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,202 and ₹1,745, and at that close it sat 26% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Frontier Springs Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 6 weeks in a row.

Over the last 11 years the share price moved +17,384% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: profit fell in the June 2026 quarter, revenue up on a year earlier for 11 quarters in a row and number of shareholders up 51% in a year.

1. Profit fell in the June 2026 quarter

   Profit was ₹12 crore, -20% on a year earlier (₹15 crore), after 10 quarters of growth.

2. Revenue up on a year earlier for 11 quarters in a row

   In the June 2026 quarter revenue was ₹78 crore, +4% on a year earlier.

3. Number of shareholders up 51% in a year

   18,837 shareholders in the September 2026 quarter, against 12,463 a year earlier.

For April to June 2026 (the quarter ended 30 June 2026), Frontier Springs reported revenue of ₹78.0 crore, up 4.0% from ₹75.0 crore a year earlier, and a profit of ₹12.0 crore, down 20.0% from ₹15.0 crore.

Frontier Springs results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 3 June 2026, about January to March 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Frontier Springs closed at ₹1,342.80 on 3 November 2026, down 8.5% from ₹1,467.55 a year earlier (31 October 2025) and up 1,175.8% over five years. Its highest weekly close since March 2016 was ₹1,744.95 on 14 August 2025.

Frontier Springs share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

561 weekly closes from 11 March 2016 to 3 November 2026.

3 Nov 2026: Frontier Springs closed at ₹1,342.80, up 3.9% on the week and down 5.2% on the month. 15 Sep 2026: ex-date for a dividend of ₹0.70 a share.

Earlier

• Results for April to June 2026: Revenue up 4.0% and profit down 20.0% on a year earlier.
• 3 Jun 2026: Frontier Springs held its results call for January to March 2026. Management guided: FY27 revenue ₹500 crore gross (30% growth from FY26).5-quarter execution runway.

Frontier Springs paid ₹0.70 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.05% at the ₹1,342.80 close on 3 November 2026. The last was a dividend of ₹0.70 a share, ex-date 15 September 2026.

Frontier Springs dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Frontier Springs Ltd paid out 1% of its profit as dividends in FY26, and it paid a dividend in 7 of its last 13 reported years.

From the NSE corporate-actions record, read 4 November 2026.

On the call for January to March 2026, held on 3 June 2026, Frontier Springs' management guided: FY27 revenue ₹500 crore gross (30% growth from FY26).5-quarter execution runway.

“The company can grow revenues, expand margins, and simultaneously invest in future capacity all at the same time. The Indian Railways' growth story is real, it is well-funded, and it is multi-year in nature. …”Kapil Bhatia, Managing Director, on the call for January to March 2026

What management guided

• FY27 operating margin 23-24% vs FY26's 26.80%.
• Capital spending FY27 ₹20-25 crore across all three divisions.
• FY28 FIBA revenue contribution ₹20-25 crore post 6-12 month trial conclusion.
• Vande Bharat sleeper coach ramp: 12 trains FY27, 200+ planned FY28-29; FY28-29 expected material revenue contribution from segment.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for January to March 2026, 3 June 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.

When Frontier Springs reports July to September 2026, these are the 3 checks that show whether the story is still on course. First: FIBA trial progress and interim order indicators - 6-12 month trials underway aiming for 20,000+ kilometers; quarterly updates on mileage completion, any issues encountered, and scheduled trial completion date will indicate FY28 commercialization probability and potential FY27 advance orders from Railways.

Frontier Springs is not on any of our India lists this week.

Frontier Springs Ltd earned ₹12.0 Cr of net profit in the Jun 2026 quarter, −20.0% on the same quarter a year earlier. Full-year FY26 profit was ₹61.0 Cr. Over 10 years profit has grown 50.8% a year on average. That is 15.4% of the quarter's revenue. The same quarter a year earlier earned ₹15.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹61.0 Cr (+74.3% on the year before).

Why profit moved: revenue changed +4.0% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +51.5% and revenue +30.5%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Frontier Springs Ltd reported ₹78.0 Cr of revenue in the Jun 2026 quarter, +4.0% on the same quarter a year earlier. That is the 11th quarter in a row with growth on the year before. Over 10 years it has grown 23.5% a year on average. The last full year, FY26, came in at ₹322 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹325 Cr.

FY26 revenue was ₹322 Cr, +39.4% on the year before.

Recent pace: the last four quarters grew +30.5% on average, against 23.5% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +27.5%, against +42.1% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +37.2%, against +81.0% a year (rolling over).

Frontier Springs Ltd's operating margin was 25.0% in the Jun 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 8.0% and 27.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −2.6 percentage points on the year while gross margin changed +1.3 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

Over the last 3 years, 60% of Frontier Springs Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹31.0 Cr of operating cash against ₹61.0 Cr of profit. After ₹14.0 Cr of spending on assets, ₹17.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 60% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: the bigger use of cash is spending on new assets, at 2.8× depreciation over three years. The next section checks what that spending is building.

Frontier Springs Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 119 days in FY26, down from 121 days in FY21. It spent ₹36.0 Cr on assets over the last 3 years. Customers take 69 days to pay, and stock sits for 83 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹322 Cr, each day of that cycle ties up about ₹0.9 Cr, so roughly ₹105 Cr is tied up in the business at any time.

FY26: customers took 69 days to pay and stock sat for 83 days, about 2.7 months of sales sitting as stock, for a full cycle of 119 days, shorter than FY21's 121.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 83 days. Customers pay about 69 days after that. Suppliers are paid at 33 days. Together that makes the 119-day cycle.

Spending on assets: ₹36.0 Cr over the last 3 years, against ₹13.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹1.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Frontier Springs Ltd's P/E is 27.0×, near the high end of its own history: higher than 70% of past readings. Its usual P/E (the middle reading) is 15.1×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.