Multibagger Small-cap Stock Locked in 20 Per Cent Upper Circuit On Monday; Company Reports 130 Per Cent PAT Growth in Q4 FY25; Targets Rs 500 Crore Revenue by FY27

The stock has delivered multibagger returns of 133.17 per cent over the past year, with a 24.37 per cent return in the past week and a 37.14 per cent year-to-date return.

Frontier Springs Ltd., a prominent Indian player in coil springs, forging, and air springs, announced its audited financial results for the fourth quarter and the full fiscal year ended March 31, 2025. The Small-Cap company reported robust growth in revenue and profitability, supported by strong demand from Indian Railways and strategic capacity expansion.

For the quarter ended March 31, 2025 (Q4 FY25), the company recorded revenue from operations of Rs 70.08 crore, a 58.75 per cent year-on-year increase. EBITDA for the quarter surged to Rs 16.75 crore, registering a 125.71 per cent rise, while Profit After Tax (PAT) stood at Rs 11.66 crore, marking a growth of 130.89 per cent compared to the same quarter in the previous year.

For the full fiscal year FY25, Frontier Springs posted revenue from operations of Rs 231.34 crore, reflecting a 70.84 per cent jump from Rs 135.41 crore in FY24. Annual EBITDA came in at Rs 49.66 crore, a 139.10 per cent increase from the previous year’s Rs 20.77 crore. PAT for FY25 reached Rs 34.66 crore, a 166.93 per cent growth over the Rs 12.99 crore posted in FY24.

Kapil Bhatia, Director of Frontier Springs, described FY25 as a year of “robust growth and profitability.” He emphasized that the company surpassed its gross revenue guidance of Rs 240 crore and delivered its highest-ever quarterly and annual performance. With continued demand from Indian Railways, especially in Coil Springs, Air Springs, and Forgings, the outlook for FY26 remains strong. Modernization of Indian Railways is especially boosting demand in the Air Springs segment, where Frontier holds confirmed orders.

During FY25, the company invested Rs 13.64 crore to expand its Air Springs and Coil Springs capacity and successfully commissioned a new 6-tonne hammer. The new forging facility has already received orders, with a focused approach on high-margin, high-value forgings. The company expects optimal utilization of this new capacity by the end of FY26.

Looking ahead, Frontier Springs plans to invest an additional Rs 15 crore in plant and machinery in FY26. It has set ambitious targets to achieve Rs 375 crore in gross revenue in FY26 and Rs 500 crore in FY27. These goals are supported by a strong order book, expansion plans, and a focus on value-added products aligned with Indian Railways’ modernization push.

The stock has delivered multibagger returns of 133.17 per cent over the past year, with a 24.37 per cent return in the past week and a 37.14 per cent year-to-date return.

Founded in 1981, Frontier Springs began with Leaf Springs and Laminated Bearing Springs for the automobile and railway sectors. Today, it focuses on Hot Coiled Compression Springs and forging items for wagons, locomotives, and carriages. Registered with the RDSO since 1990, the company supplies to Indian Railways and operates manufacturing units in Kanpur, Uttar Pradesh, and Poanta Sahib, Himachal Pradesh. The company has diversified into forging items ranging from 100 grams to 20 kilograms and recently added a specialized Air Springs division to serve national and international heavy engineering markets.

Disclaimer: The article is for informational purposes only and not investment advice.