# Frontier Springs share price today (Frontier Springs Ltd, NSE: FRONTSP)

> Frontier Springs share price today: ₹1,342.80 at the NSE close on 3 November 2026, down 8.5% in a year. Frontier Springs (NSE: FRONTSP) is worth ₹1,586 crore, trades at a P/E of 27.0 and has closed between ₹1,201.65 and ₹1,744.80 over the past 52 weeks. > Frontier Springs Ltd is reporting record margins. FRONTSP · Railways - Kavach/Springs · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/frontier-springs-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹1,342.80 (−8.5% in a year)
- P/E: 27.0× (higher than 70% of the last 11 years)
- Revenue (Jun 2026): ₹78.0 Cr (+4.0% on a year ago)
- Profit (Jun 2026): ₹12.0 Cr (−20.0% on a year ago)
- Operating margin: 25.0% (−2.0 points on a year ago)
- ROCE: 51%, FY26
- ROIC: 30.6%, against a 12.0% cost of capital: +18.6 points

The main question: yearly earnings per share moved +76.7% while the share price moved −8.5%. ## What is the 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. 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. ## What changed at Frontier Springs this quarter? 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. ## What are Frontier Springs' latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹78.0 crore | ₹75.0 crore | +4.0% |
| Profit | ₹12.0 crore | ₹15.0 crore | −20.0% |
| Earnings per share | ₹10.16 | ₹12.49 | −18.7% |
| Operating margin | 25.0% | 27.0% | −2.0 points |

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.)

## What is the Frontier Springs share price history? 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1,292.20 | +3.9% |
| 1 month ago · 1 Oct 2026 | ₹1,416.75 | −5.2% |
| 6 months ago · 30 Apr 2026 | ₹1,434.95 | −6.4% |
| 1 year ago · 31 Oct 2025 | ₹1,467.55 | −8.5% |
| 3 years ago · 3 Nov 2023 | ₹225.65 | +495.1% |
| 5 years ago · 4 Nov 2021 | ₹105.25 | +1,175.8% |
| 10 years ago · 4 Nov 2016 | ₹11.50 | +11,576.5% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹7.68 | +17,384.4% |
| Highest weekly close since March 2016 · 14 Aug 2025 | ₹1,744.95 | −23.0% |
| Lowest weekly close since March 2016 · 7 Apr 2016 | ₹7.67 | +17,407.2% |
| 52-week high (weekly close) · 8 May 2026 | ₹1,744.80 | −23.0% |
| 52-week low (weekly close) · 18 Sep 2026 | ₹1,201.65 | +11.7% |

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.)

## What is the latest news on Frontier Springs? 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. ## What dividend does Frontier Springs pay? 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

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 15 Sep 2026 | ₹0.70 | Dividend |

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. 0 of 5 Of the last 5 financial years, years with an NSE dividend record

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.)

## What did Frontier Springs management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/2328/Conference Call/CC-Jun26.pdf). (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.)

## What to watch in Frontier Springs' next results? 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. - What to check (from the call)
- 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. - April to June 2026 quarterly revenue cross-over above 82-83 crore level - management acknowledged revenue stuck in 80-83 crore range for three quarters despite 39% full-year growth; attributed to inspection delays and raw material timing lags; April to June 2026 exceeding 82 crore signals operational improvement and trajectory toward 125+ crore/quarter needed for 500 crore goal. - Forging external market orders materialization in Q2-Q3 - management aiming for October to December 2026 for first external (non-railway) orders from defense, JCB/L&T/Caterpillar samples. Q1-Q2 prospecting progress updates and any RFQ receipts will indicate forging vertical's capacity utilization path and margin expansion potential in non-railway segments. ## Which stock lists is Frontier Springs on? Frontier Springs is not on any of our India lists this week. ## Is Frontier Springs profitable? 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. 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. ## How much revenue does Frontier Springs make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Frontier Springs keep? 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. 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. ## Is Frontier Springs' profit turning into cash? 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. 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. ## Where does Frontier Springs' cash go? 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. 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. ## What is Frontier Springs' P/E ratio, and how does it compare with its own history? 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. Why the multiple is where it is: over the past year earnings per share moved +76.7% while the price moved −8.5%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +66.4% a year; about +45.4% a year came from earnings growth and about +21.0 percentage points from the multiple (the market paying more); over 10 years the price moved +61.0% a year; about +41.3% a year came from earnings growth and about +19.7 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Frontier Springs business getting better or worse? Frontier Springs Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: revenue growth has eased from +97.6% at its peak to +27.5%, but the business is still expanding, with ROCE steady at 50.3%. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Frontier Springs earn on its capital? Frontier Springs Ltd earned a ROCE of 51% in FY26. That is up from a low of 5% in FY15. Its return on capital used (ROIC) is 18.6 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 18.9% net margin and 1.48× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 18.9% net margin × 1.48× asset turnover × 1.18× leverage (assets divided by equity) ≈ 33.0% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 30.6% − 12.0% = +18.6 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 30.6% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 38.5%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Frontier Springs have too much debt? Frontier Springs Ltd has total debt of ₹11.0 Cr against shareholder equity of ₹183 Cr as of Jun 2026, so its debt is 0.06× its equity, which is very little. Year by year, that ratio went from 0.04 in FY22 to 0.06 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Frontier Springs shareholding pattern? No group of Frontier Springs Ltd's owners changed its stake by a full percentage point over the last two years. Promoters moved +0.0 points over the same period, to 51.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +0.5 points over 8 quarters, to 0.5%; Promoters: +0.0 points over 8 quarters, to 51.8%; Foreign institutions: +0.0 points over 8 quarters, to 0.0%. ## How far is Frontier Springs from balance-sheet trouble? For Frontier Springs Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Frontier Springs rank in its industry? 61.1 out of 100, rank 3 of 4 in Railways - Kavach/Springs, with 77% of the evidence available. Frontier Springs Ltd scores 61.1 out of 100 against the 4 companies it is compared with in Railways - Kavach/Springs, ranking 3. There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. The three scored parts add up to the total exactly: 26.8 + 28.8 + 5.5 = 61.1 (no relative-strength reading this week; its 20 points are shared across the other three). This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Frontier Springs compared with? Frontier Springs ranks 3 of 4 Railways - Kavach/Springs companies on the 4-Factor Sector Score, with 61.1 out of 100. 1. [HBL Engineering Ltd](https://www.sectoralpha.in/stocks/hbl-engineering-ltd) HBLENGINE · turning · Most evidence points up · 82% evidence 78.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.0/35 · Revenue 62.9% · Profit 100% · Operating margin change -9 points · 100% evidence Capital efficiency 23.0/25 · ROCE 59.3% · Operating margin 23% · 100% evidence Valuation 15.2/20 · P/E 27.6× · PEG 1.01 · 85% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 7.8% · 1 year -20.4% · 25% evidence · 3 of 12 weeks ahead Exact sum: 28 + 23 + 15.2 + 12.5 = 78.7 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Kernex Microsystems (India) Ltd](https://www.sectoralpha.in/stocks/kernex-microsystems-indialtd) KERNEX · quiet · Most evidence points up · 80% evidence 66.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 32.0/35 · Revenue 100% · Profit 100% · Operating margin change 10 points · 100% evidence Capital efficiency 16.0/25 · ROCE 47.8% · Operating margin 32% · 100% evidence Valuation 10.0/20 · P/E 13.8× · PEG n/a · 0% evidence Relative strength 8.9/20 · Lead over its industry -0.7% · Lead over NIFTY 500 8.8% · 1 year 19.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 32 + 16 + 10 + 8.9 = 66.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. Frontier Springs Ltd this page FRONTSP · turning · Evidence leans up · 77% evidence 61.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.8/43.75 · Revenue 27.4% · Profit 37.2% · Operating margin change -2 points · 100% evidence Capital efficiency 28.8/31.25 · ROCE 50.6% · Operating margin 25% · 100% evidence Valuation 5.5/25 · P/E 25.8× · PEG 2.77 · 85% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 26.8 + 28.8 + 5.5 = 61.1 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 4. [Quadrant Future Tek Ltd](https://www.sectoralpha.in/stocks/quadrant-future-tek-ltd) QUADFUTURE · leader · Evidence leans down · 71% evidence 42.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.0/35 · Revenue 7.1% · Profit -61.2% · Operating margin change 26.9 points · 74% evidence Capital efficiency 0.0/25 · ROCE -15.5% · Operating margin -8.3% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 18.7/20 · Lead over its industry 3.5% · Lead over NIFTY 500 14.2% · 1 year 21.1% · 100% evidence · 12 of 12 weeks ahead Exact sum: 14 + 0 + 10 + 18.7 = 42.7 · What this means: Relative strength against the index is 14.2%, and revenue and profit growth are weak. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Railways - Kavach/Springs](https://www.sectoralpha.in/sectors/railways-kavach-springs), all 4 compared on one page. ## Which companies are close to Frontier Springs in size? Frontier Springs is the 4th largest of 4 Railways - Kavach/Springs companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: HBL Engineering, Kernex Microsystems (India) and Quadrant Future Tek. It is the smallest. ### Railways - Kavach/Springs companies close in size

1. [HBL Engineering Ltd](https://www.sectoralpha.in/stocks/hbl-engineering-ltd) ₹22,158 crore
2. [Kernex Microsystems (India) Ltd](https://www.sectoralpha.in/stocks/kernex-microsystems-indialtd) ₹2,627 crore
3. [Quadrant Future Tek Ltd](https://www.sectoralpha.in/stocks/quadrant-future-tek-ltd) ₹1,541 crore
4. Frontier Springs Ltd ₹1,513 crore

[All 4 Railways - Kavach/Springs companies, largest first](https://www.sectoralpha.in/sectors/railways-kavach-springs#all-companies)

### Companies close in size in other industries

1. [5paisa Capital Ltd](https://www.sectoralpha.in/stocks/5paisa-capital-ltd) ₹1,520 crore · Finance - Capital Markets - Brokers
2. [Insolation Energy Ltd](https://www.sectoralpha.in/stocks/insolation-energy-ltd) ₹1,518 crore · Capital Goods - Electric General
3. Frontier Springs Ltd ₹1,513 crore
4. [Jai Corp Ltd](https://www.sectoralpha.in/stocks/jai-corp-ltd) ₹1,512 crore · Miscellaneous
5. [Insecticides India Ltd](https://www.sectoralpha.in/stocks/insecticides-india-ltd) ₹1,511 crore · Pesticides/Agrochemicals

## What else do people ask about Frontier Springs? ### What is Frontier Springs's share price today? Frontier Springs Ltd's share price is ₹1,342.80, −8.5% over the past year. The whole company is worth ₹1,586 Cr on the market. In the last 52 weeks it traded between ₹1,202 to ₹1,745; today it is 26% of the way up from the low, 2.3% below its 200-day average (as of 3 November 2026). ### What were Frontier Springs's latest quarterly results? Frontier Springs Ltd reported revenue of ₹78.0 Cr and net profit of ₹12.0 Cr for the Jun 2026 quarter. Revenue rose 4.0% and profit fell 20.0% compared with a year earlier. Earnings per share were ₹10.16. The operating margin was 25.0%, 2.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Frontier Springs's market cap? Frontier Springs Ltd's market capitalisation is ₹1,586 Cr at a share price of ₹1,342.80. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Frontier Springs performing? Frontier Springs Ltd's share price has been falling for 11 weeks. In its latest quarter, revenue rose 4.0% and profit fell 20.0% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 6 weeks running (as of 3 November 2026). ### Will Frontier Springs's share price go up? This page does not forecast Frontier Springs Ltd's share price. What it shows instead: the share price is ₹1,342.80, and it has been falling for 11 weeks. Its P/E of 27.0× is higher than 70% of its own last 11 years (as of 3 November 2026). ### Who owns Frontier Springs? Promoters own 51.8% of Frontier Springs Ltd, foreign institutions 0.0%, domestic institutions 0.5% and the public 47.7% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 3 November 2026). ### Does Frontier Springs have too much debt? No, Frontier Springs Ltd has little debt: its debt is 0.06× its equity, and its operating profit is 87 times its interest bill. FY26 borrowings were ₹11.0 Cr against equity of ₹184 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Frontier Springs in its business cycle? Frontier Springs Ltd's FY26 operating margin was 27.0%, against a 13-year range of 8.0% to 27.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 25.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Frontier Springs story? The main question: yearly earnings per share moved +76.7% while the share price moved −8.5%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Frontier Springs a stock worth studying right now? What the numbers show: Frontier Springs Ltd is reporting record margins. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Frontier Springs share price forecast for 2026? What management itself guided: FY27 revenue ₹500 crore gross (30% growth from FY26).5-quarter execution runway. This is research, not advice. We’re not SEBI-registered.