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Frontier Springs Limited (522195) Fair Value & Analysis

Industrial Goods · IN · Market cap ₹1.2B

FS Frontier Springs Limited 522195 · BSE
Price₹1,289
Fair Value₹190.81
Upside-85.2%
Quality72/100

Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.

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Expensive Growth
Solidly profitable · 14.3% net margin
Low debt · generates free cash flow
0.41% dividend yield
Ranks above peers (10/14)
Wide moat 75/100
Evidence: High Range ₹83.00 – ₹373.16 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 5 days ago

Fair value updated Aug 13, 2026, revised from ₹191.48 to ₹190.81 (−0.4%) since Aug 9, 2026.

A solid business, but screening 85% overvalued on our models.

What matters now

  • A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (₹373.16). The favourable scenario is already priced in.
  • The model range is unusually wide (₹83.00 to ₹373.16). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

₹1,795 ₹79.83 Fair Value ₹190.81 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹79.83 – ₹1,795 · fair‑value band ₹83.00 – ₹373.16 · the ₹1,289 price screens above the ₹190.81 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Frontier Springs Limited (522195) currently trades at ₹1,289, while our model-based Fair Value estimate is ₹190.81, implying the stock looks roughly 85.2% overvalued today. The Quality Score stands at 72/100 (solid quality), in the Industrial Goods sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Frontier Springs Limited generated revenue of ₹890M at a net margin of 14.3%. Revenue declined 12.8% year over year. It earns a return on equity of 25.8%. Net debt stands at ₹73.0M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹83.00 (bear case) to ₹373.16 (bull case); at ₹1,289, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 31% below its 52-week high and 10% above its 52-week low. For context, the median of 10 Industrial Goods peers we cover trades at -27% fair-value upside, at -85%, 522195 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹549.79 ₹909.26 ₹1,571 80
Residual Income ₹1,060 ₹1,717 ₹20,193 76
Rev-Margin DCF ₹970.63 ₹2,014 ₹4,001 74
All 26 models by family
DCF Models
FCF DCF ₹586.56 ₹854.03 ₹1,653 38
Owner Earnings ₹1,676 ₹3,468 ₹6,794 31
5Y Revenue Exit ₹953.86 ₹1,764 ₹3,468 39
5Y EBITDA Exit ₹1,667 ₹3,204 ₹6,226 41
5Y P/E Exit ₹1,885 ₹4,604 ₹8,377 38
10Y Revenue Exit ₹795.40 ₹1,972 ₹2,793 36
10Y EBITDA Exit ₹1,310 ₹3,372 ₹7,112 37
10Y P/E Exit ₹1,455 ₹3,799 ₹7,790 35
Earnings-Based
Graham-Dodd ₹1,059 ₹7,383 ₹10,361 54
Lynch FV ₹2,874 ₹4,105 ₹5,337 50
PEG = 1.0 ₹2,874 ₹4,105 ₹5,337 46
EPV ₹1,493 ₹1,696 ₹1,865 59
Dividend Discount
Gordon GGM ₹16.32 ₹29.40 ₹40.47 70
DDM Multi-Stage ₹16.32 ₹26.86 ₹31.41 61
Multiples
P/E Multiple ₹2,452 ₹3,269 ₹4,087 63
P/S Multiple ₹1,227 ₹1,635 ₹2,044 58
P/B Multiple ₹1,572 ₹2,096 ₹2,620 55
EV/EBIT ₹2,640 ₹3,519 ₹4,397 53
EV/EBITDA ₹2,141 ₹2,854 ₹3,566 54
EV/Revenue ₹1,035 ₹1,477 ₹1,918 43
Asset-Based
NCAV (Graham) ₹232.93 ₹312.12 ₹465.85 50
Growth DCF
Growth DCF ₹549.79 ₹909.26 ₹1,571 80
Rev-Margin DCF ₹970.63 ₹2,014 ₹4,001 74
Economic Profit
Residual Income ₹1,060 ₹1,717 ₹20,193 76
ROIC Compounder ₹1,819 ₹2,462 ₹3,272 72
Growth Earnings
Growth-Adj P/E ₹3,640 ₹5,200 ₹6,759 68

Widest divergence: Growth Earnings (₹5,200) versus Dividend Discount (₹26.86). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹890M
Revenue growth (YoY) -12.8%
Net margin 14.3%
Return on equity 25.8%
Free cash flow ₹168M FY2026
P/E ratio 8.3 as of Jul 4, 2026
More key figures
Operating margin 18.1%
EPS (TTM) ₹32.49
Dividend yield 0.4%
EPS growth (YoY) -7.7%
Net debt ₹73.0M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 70 · Market factors (momentum, volatility) 27

Profitability 96
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 27
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 29
Disciplined investing over empire-building
Low Volatility 39
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Frontier Springs Limited manufactures and sells coil and leaf springs, L.B. and hot coiled compression springs, and forging items in India and internationally.

Full company description

Frontier Springs Limited manufactures and sells coil and leaf springs, L.B. and hot coiled compression springs, and forging items in India and internationally. Its forging products include bogie bolster suspension hangers, brake block hangers, hooks, knuckle throwers, shafts for silent block, shoes, toogles, top followers, knuckle pins, screw coupling for coaches and locomotives, and wedges. The company offers its products to railways, wagons, locomotives, coaches, heavy engineering industries, and original earth mover equipment manufacturers. Frontier Springs Limited was founded in 1981 and is based in Kanpur, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Frontier Springs Limited reported revenue of ₹3.2B in FY2026 versus ₹837M in FY2022, a compound +40.1%/yr. Reported net income was ₹613M in FY2026, compounding +69.0%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹3.2B
Latest YoY
+39.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+44.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+33.1%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+19.5%
Revenue +40.1%/yr
FY22 ₹837M
FY23 ₹1.1B
FY24 ₹1.4B
FY25 ₹2.3B
FY26 ₹3.2B
Net income +69.0%/yr
FY22 ₹75.1M
FY23 ₹72.4M
FY24 ₹130M
FY25 ₹347M
FY26 ₹613M

522195 screens 85% overvalued. Compare with ESAB India Limited →

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Cite: Fair Value Calculator (2026). "Frontier Springs Limited Fair Value". https://www.fairvalue-calculator.com/stock/522195

Peer Group

Industrial Goods · 22 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Machine Tools & Accessories” was too small, so the broader sector is used.)

Quality Score 72 · Top 25%
Fair Value upside −85% · Bottom 25%
Return on equity (TTM) 26% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 18% · Top 25%
Revenue growth -13% · Above median
Dividend yield (TTM) 0.4% · Above median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Industrial Goods median · lower = cheaper

P/E (TTM) 8.3× · Cheaper than median
P/B 0.66× · Pricier than 75% of peers
P/S (TTM) 1.37× · Pricier than 75% of peers
P/FCF 0.1× · Cheaper than median
EV/EBITDA 6.5× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 0 · sector 0
PAST 100 · sector 0
HEALTH 100 · sector 98
DIVIDEND 8 · sector 2

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Machine Tools & Accessories stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
ESAB India Limited 500133 ₹6,241 ₹2,116 -66%
DHP India Limited 531306 ₹533.30 ₹466.45 -13%
Fluidomat Limited 522017 ₹898.65 ₹515.90 -43%
Austin Engineering Company 522005 ₹122.40 ₹161.49 +32%
Solitaire Machine Tools Limited 522152 ₹108.60 ₹62.19 -43%
Rasi Electrodes Limited 531233 ₹12.38 ₹16.39 +32%
Hittco Tools Limited 531661 ₹11.33 ₹15.35 +35%
Shree Cement Limited 500387 ₹25,410 ₹4,548 -82%
Siemens Limited 500550 ₹4,019 ₹892.67 -78%
Bharat Electronics Limited 500049 ₹404.00 ₹294.84 -27%

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Frequently asked questions

Is Frontier Springs Limited (522195) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹190.81 versus a price of ₹1,289, about −85% (overvalued).
What is the fair value of 522195?
Our model-based fair value for Frontier Springs Limited is ₹190.81 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹1,289.
What is the quality score of 522195?
Frontier Springs Limited has a Quality Score of 72/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Frontier Springs Limited (522195)?
Frontier Springs Limited reported trailing-twelve-month revenue of about ₹890M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 522195?
The net profit margin of Frontier Springs Limited is about 14.3%, meaning it keeps roughly 14.3% of revenue as net income. Based on the latest reported figures.
Does Frontier Springs Limited pay a dividend?
Frontier Springs Limited currently shows a dividend yield of about 0.41% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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