Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 21.27 | 21.18 | 22.56 | 24.86 | 25.26 | 25.34 | 28.50 | 31.49 | 25.86 | 27.96 | 33.05 | 28.34 |
| Operating costs | 20.94 | 21.02 | 23.02 | 24.43 | 24.58 | 24.56 | 28.14 | 30.70 | 25.21 | 27.38 | 32.34 | 27.35 |
| EBITDA | 0.33 | 0.16 | -0.46 | 0.43 | 0.68 | 0.78 | 0.36 | 0.79 | 0.65 | 0.58 | 0.71 | 0.99 |
| EBITDA margin % | 1.55% | 0.76% | -2.04% | 1.73% | 2.69% | 3.08% | 1.26% | 2.51% | 2.51% | 2.07% | 2.15% | 3.49% |
| Depreciation & amortisation | 0.42 | 0.38 | 0.38 | 0.47 | 0.49 | 0.49 | 0.74 | 0.56 | 0.54 | 0.58 | 0.56 | 0.55 |
| Finance costs | 0.01 | 0.02 | 0.18 | 0.21 | 0.20 | 0.18 | 0.25 | 0.22 | 0.20 | 0.18 | 0.24 | 0.20 |
| Non-operating income | 0.79 | 0.87 | 0.96 | 0.78 | 1.07 | 0.81 | 1.70 | 0.73 | 0.81 | 0.78 | 1.10 | 0.78 |
| Pre-tax profit | 0.69 | 0.63 | -0.06 | 0.53 | 1.06 | 0.92 | 1.07 | 0.74 | 0.72 | 0.60 | 1.01 | 1.02 |
| Effective tax rate % | 37.68% | 34.92% | -533.33% | 28.30% | 13.21% | 23.91% | 17.76% | 22.97% | 25.00% | 21.67% | 17.82% | 22.55% |
| Profit after tax | 0.42 | 0.41 | 0.25 | 0.39 | 0.91 | 0.71 | 0.88 | 0.57 | 0.55 | 0.46 | 0.83 | 0.79 |
| Earnings per share (Rs) | 0.84 | 0.82 | 0.50 | 0.78 | 1.82 | 1.42 | 1.76 | 1.14 | 1.10 | 0.92 | 1.66 | 1.58 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 38 | 43 | 44 | 47 | 48 | 59 | 72 | 77 | 88 | 104 | 118 | 115 |
| Operating costs | 38 | 46 | 44 | 47 | 50 | 58 | 71 | 76 | 88 | 102 | 116 | 112 |
| EBITDA | 0 | -2 | -0 | -1 | -2 | 1 | 0 | 1 | 0 | 2 | 3 | 3 |
| EBITDA margin % | 0.7% | -5% | -0.1% | -1.5% | -3.7% | 1.0% | 0.5% | 1.1% | 0.0% | 2.1% | 2.3% | 2.5% |
| Depreciation & amortisation | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Finance costs | 5 | 5 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Non-operating income | 1 | 10 | 4 | 3 | 3 | 3 | 4 | 4 | 3 | 4 | 3 | 3 |
| Pre-tax profit | -5 | 1 | 2 | -1 | -1 | 1 | 2 | 4 | 2 | 4 | 3 | 3 |
| Effective tax rate % | -18% | 33% | 17% | -35% | -16% | 12% | 21% | 23% | 22% | 19% | 22% | |
| Profit after tax | -4 | 1 | 2 | -0 | -1 | 1 | 1 | 3 | 1 | 3 | 2 | 3 |
| Earnings per share (Rs) | -8.50 | 1.70 | 3.84 | -0.66 | -1.98 | 2.30 | 2.90 | 5.42 | 2.44 | 5.78 | 4.82 | 5.26 |
| Paid out as dividend % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Revenue CAGR | 12% | 15% | 16% | 4% | ||
| Profit CAGR | 9% | 13% | 1% | -14% | ||
| Share price CAGR | 2% | 17% | 3% | -7% | ||
| Average return on equity | 10% | 13% | 11% | 12% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net block (property, plant) | 26 | 28 | 32 | 35 | 33 | 34 | 32 | 31 | 30 | 34 | 35 | 32 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 0 | 1 |
| Investments | 7 | 7 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 1 | 0 | 1 |
| Current & other assets | 40 | 42 | 40 | 41 | 41 | 35 | 32 | 32 | 34 | 40 | 46 | 51 |
| Total assets | 73 | 77 | 73 | 77 | 75 | 68 | 65 | 63 | 66 | 77 | 82 | 85 |
| Share capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves & surplus | 5 | 1 | 0 | 2 | 2 | 1 | 2 | 4 | 6 | 8 | 10 | 13 |
| Total debt | 45 | 39 | 51 | 54 | 53 | 53 | 52 | 49 | 49 | 57 | 57 | 55 |
| Other liabilities & provisions | 19 | 32 | 17 | 15 | 15 | 10 | 6 | 6 | 6 | 8 | 9 | 12 |
| Equity + liabilities | 73 | 77 | 73 | 77 | 75 | 68 | 65 | 63 | 66 | 77 | 82 | 85 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -2 | 14 | 4 | -0 | 0 | 0 | 0 | 2 | -1 | -2 | 0 | 1 |
| Investing cash flow | -0 | -2 | 1 | -2 | 1 | 2 | 2 | 0 | 1 | -5 | 1 | 1 |
| Free cash flow (after capex) | -2 | 11 | 4 | -4 | 0 | -2 | -0 | 2 | -1 | -10 | -0 | 1 |
| Financing cash flow | 2 | -12 | -5 | 3 | -1 | -1 | -2 | -3 | 0 | 8 | -1 | -3 |
| Net change in cash | -0 | 0 | -0 | 0 | -0 | 1 | 0 | -0 | -0 | 0 | 1 | -0 |
| Cash conversion (OCF / EBITDA) % | -146% | 5,544% | -170% | -733% | -129% | -33% | 81% | 756% | 54% | -5,567% | 31% | 75% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on capital employed % | 5% | 0% | 11% | 4% | -0% | -1% | 3% | 4% | 4% | 2% | 5% | 5% |
| Receivable days | 74 | 66 | 77 | 82 | 66 | 57 | 57 | 42 | 39 | 38 | 39 | 35 |
| Inventory days | 213 | 208 | 130 | 141 | 142 | 88 | 40 | 35 | 47 | 48 | 53 | 59 |
| Payable days | 200 | 64 | 203 | 216 | 192 | 100 | 38 | 24 | 24 | 28 | 32 | 37 |
| Cash cycle (days) | 86 | 209 | 4 | 7 | 16 | 45 | 59 | 53 | 61 | 59 | 60 | 56 |
| Working capital days | -365 | -348 | -273 | -246 | -237 | -252 | -204 | -161 | -147 | -136 | -108 | -91 |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter group % | 48.63% | 48.63% | 48.63% | 48.62% | 47.76% | 47.74% | 47.74% | 47.57% | 47.19% | 47.18% | 47.18% | 47.18% |
| Retail & others % | 51.36% | 51.36% | 51.37% | 51.37% | 52.25% | 52.25% | 52.26% | 52.42% | 52.81% | 52.80% | 52.82% | 52.81% |
| Shareholder count | 990 | 1,197 | 1,190 | 1,260 | 1,269 | 1,314 | 1,340 | 1,378 | 1,413 | 1,407 | 1,413 | 1,413 |
Fundamentals
Market value₹ 17.6 Cr.
Last price₹ 35.2
P/E (trailing)6.69
Book value / share₹ 35.7
Return on capital4.94 %
Return on equity12.2 %
Dividend yield0.00 %
Face value₹ 10.0
Revenue CAGR (TTM)4%
Profit CAGR (TTM)-14%
Standalone figures.
Valuation
Market capRs 18 Cr
Enterprise valueRs 72 Cr
P/E (TTM)6.75x
Price to book0.99x
Price to sales0.15x
EV / EBITDA11.23x
EV / EBIT17.23x
EV / sales0.62x
Price to cash flow15.03x
Earnings yield14.83%
P/E, 3-year average9.41x
P/B, 3-year average1.20x
P/E, 5-year average8.41x
P/B, 5-year average1.25x
Profitability
Operating margin (excl. other income)2.30%
Operating margin (incl. other income)5.19%
EBITDA margin5.56%
Pre-tax margin2.91%
Net profit margin2.28%
Net margin, latest quarter2.79%
ROE14.50%
ROCE5.37%
ROA2.89%
ROE, 3-year average15.15%
ROCE, 3-year average4.78%
ROA, 3-year average2.74%
ROE, 5-year average18.21%
ROCE, 5-year average4.83%
ROA, 5-year average2.93%
ROIC (approx.)4.55%
Tax rate21.50%
Other income / net worth19.15%
Growth
Sales growth (latest year)13.84%
Profit growth (latest year)-16.61%
Sales CAGR, 3 years15.57%
Sales CAGR, 5 years15.09%
Profit CAGR, 3 years-3.84%
Profit CAGR, 5 years15.95%
Sales growth QoQ-14.25%
Profit growth QoQ-4.82%
Sales growth YoY (latest quarter)-10.00%
Profit growth YoY (latest quarter)38.60%
Per share
EPS (TTM)Rs 5.26
EPS (latest year)Rs 4.82
EPS (latest quarter)Rs 1.58
EPS, 3-year averageRs 4.35
EPS, 5-year averageRs 4.27
Book value per shareRs 35.72
Sales per shareRs 230.42
Cash flow per shareRs 2.36
Efficiency
Asset turnover1.39x
Fixed asset turnover3.64x
Inventory turnover8.19x
Inventory days45 days
Debtor days35 days
Debtors turnover10.50x
Leverage
Total debtRs 55 Cr
Cash and bankRs 1 Cr
Net debtRs 54 Cr
Debt to equity3.09x
Net debt / EBITDA8.45x
Interest coverage5.09x
Owners' fund to total sources21.00%
Debt to assets64.94%
Cash flow
Operating cash flow (latest year)Rs 1 Cr
Investing cash flow (latest year)Rs 1 Cr
Financing cash flow (latest year)Rs -3 Cr
Net change in cash (latest year)Rs -0 Cr
Sales to cash flow100.30x
Statement figures
Net sales (TTM)Rs 115 Cr
Net sales (latest year)Rs 118 Cr
Sales (latest quarter)Rs 28 Cr
Operating profit excl. other income (latest year)Rs 3 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 6 Cr
PBDT (TTM)Rs 6 Cr
Profit before tax (TTM)Rs 3 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 3 Cr
Net profit (latest year)Rs 2 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 104 Cr
Total expenditure (latest year)Rs 116 Cr
Total income (latest year)Rs 122 Cr
Share capitalRs 5 Cr
ReservesRs 13 Cr
Shareholders' fundsRs 18 Cr
Total assetsRs 85 Cr
Net blockRs 32 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 1 Cr
ReceivablesRs 11 Cr
InventoryRs 13 Cr
Other liabilitiesRs 12 Cr
Shares outstanding (crore)0.50
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 6.8 is at the 25th percentile of its own 6.4-year range
(median 7.4, low 3.1, high 28.8).
P/B 0.99 is at the 29th percentile (median 1.26).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 532042 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -3.0% | -2.8% | -0.2 pts |
| 1 month | +5.9% | -6.8% | +12.7 pts |
| 3 months | -7.8% | -7.6% | -0.2 pts |
| 3 years | +10.2% | +14.2% | -4.0 pts |
| 5 years | +119.0% | +27.9% | +91.1 pts |
Red flags
F-score 6 of 8| explain | Weak cash conversion Cash from operations was -18% of net profit over the last 3 years |
| look | Profit leans on other income Other income was 111% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹28 Cr -10.0% vs Jun 2025.
Net profit ₹1 Cr +38.6%.
Activity
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|---|---|---|---|
| Ecos (India) Mobility & Hospitality Ltd | 625 | 10.6 | 28.0 % |
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| Wise Travel India Ltd | 233 | 7.92 | 16.3 % |
| Shree OSFM E-Mobility Ltd | 79 | 11.0 | 12.0 % |
| Desi Farms India Limited | 63 | 100 % | |
| ABC India Ltd | 32 | -0.05 % | |
| Inter State Oil Carrier Ltd | 26 | 10.9 | 10.5 % |
| Balurghat Technologies Ltd | 22 | 14.7 | 7.16 % |
| Coastal Roadways Ltd | 10 | 6.07 | 8.70 % |
| Mahasagar Travels Ltd | 5 | 15.8 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Frontline Corporation Ltd?
Frontline Corporation Ltd (532042) has a market capitalisation of Rs 17.6 Cr. at the 2026-10-01 close.
What is the P/E ratio of Frontline Corporation Ltd?
Frontline Corporation Ltd trades at a P/E of 6.69 on trailing twelve-month profit, at the 2026-10-01 close.
What were Frontline Corporation Ltd's latest quarterly results?
In the Jun 2026 quarter, Frontline Corporation Ltd sales was Rs 28 Cr (-10.0% vs Jun 2025) and net profit was Rs 1 Cr.