Name of Company | Frontier Springs |
BSE Code | 522195 |
NSE Code | Not listed |
ICICI Code | |
Established | |
My Take | Like |
Headquarters | Kanpur |
Promoters | KL Bhatia and family |
Story | The 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) |
Sector | Auto anciliary |
Sub-sector | Spring for auto and other engineering companies |
Website | http://www.frontiersprings.co.in/ |
Positives | 52% promoter holding, none pledged. regularly profitable - NPMs between 3-12%. low interest payments of less than half crore. |
Negatives | does 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 @ blogged | 35.40 (09-Sep-11) |
Cost of company | 13.94 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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Sep 9, 2011
Frontier Springs - 522195
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