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Sep 9, 2011

Frontier Springs - 522195

Name of CompanyFrontier Springs
BSE Code522195
NSE CodeNot listed
ICICI Code
Established
My TakeLike 
HeadquartersKanpur
PromotersKL Bhatia and family 
StoryThe website claims the company is the world's leading manufacfturer of hot wound springs for transportation, industrial and goverment applications. ( what would government use the spring for? I guess it means PSUs like BEML, BHEL)
SectorAuto anciliary
Sub-sectorSpring for auto and other engineering companies
Websitehttp://www.frontiersprings.co.in/ 
Positives52% promoter holding, none pledged. regularly profitable - NPMs between 3-12%. low interest payments of less than half crore.
Negativesdoes not pay a regular dividend. NPMs are wavering. Not sure if Ashish Chugh is playing with the stock - he has recommended this as early as 2006 and he holds the stock now as well. 
Peers
News
Price @ blogged35.40 (09-Sep-11)
Cost of company13.94 Cr for 5 Cr FY11 profit makes it 2.75 times. FY11 had more NPM than other years.
Group
Growth FY11 revenue has grown to 43 Cr from

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