Multibagger Small-cap Company Secures Rs 92.6 Crore Orders, Stock Nears 52-Week High with 150 Per Cent Returns in 12 Months
The stock has delivered multibagger returns of 150.78 per cent in one year and 1159.69 per cent over three years.
Frontier Springs Ltd., a key supplier to Indian Railways, has secured new orders worth Rs 92.6 crore for its Air Springs Assembly. The contracts have been awarded by the Rail Coach Factory in Kapurthala and the Modern Coach Factory in Raebareli. These strategic orders are expected to be executed over the next few quarters, further strengthening the company’s role in India’s growing rail infrastructure.
Established in 1981, Frontier Springs is a Small-Cap company and a leading manufacturer of hot coiled compression springs, forging components, and air springs used in wagons, carriages, and locomotives. It operates through three primary divisions—Springs, Forging, and Air Springs—and is known for supplying essential components to Indian Railways, including to the Vande Bharat Express.
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The recent development underscores Frontier Springs’ focus on its air spring division, supported by a memorandum of understanding with Contitech Germany to supply air springs for LHB coaches. This initiative is backed by a capital expenditure plan of Rs 12 crore aimed at expanding production capabilities. The company currently has two manufacturing units with a combined annual capacity of 8,000 tons.
With a 50 per cent market share, Frontier Springs is the largest supplier of coil springs to Indian Railways. The company has shown strong financial performance, reflected in its stock price. As of June 02, 2025, the stock trades at Rs 3544.2, close to its 52-week high of Rs 3732.45, far above the 52-week low of Rs 1430.35. The stock has delivered multibagger returns of 150.78 per cent in one year and 1159.69 per cent over three years, making it one of the notable performers in the small-cap segment.
The company’s market capitalization stands at Rs 1,470 crore, and it has a Price-Earnings (PE) ratio of 42.41. Prominent public shareholders include the Investor Education and Protection Fund (IEPF) holding 6.41 per cent, Jatin Keshavji Chande with 1.60 per cent, Vishpa Rail Equipments Private Limited with 1.30 per cent, and Singhi Dinesh Kumar HUF with 1.08 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.