Price
Financials
Standalone, Rs crore| Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.21 | 0.74 | 1.12 | 1.44 | 1.64 | 1.88 | 1.15 | 1.18 | 1.40 | 1.39 | 1.43 | 1.41 |
| Expenses | 0.15 | 0.19 | 0.26 | 0.41 | 0.30 | 0.31 | 0.29 | 2.53 | 0.31 | 0.23 | 0.18 | 0.34 |
| Operating Profit | 0.06 | 0.55 | 0.86 | 1.03 | 1.34 | 1.57 | 0.86 | -1.35 | 1.09 | 1.16 | 1.25 | 1.07 |
| OPM % | 28.57% | 74.32% | 76.79% | 71.53% | 81.71% | 83.51% | 74.78% | -114.41% | 77.86% | 83.45% | 87.41% | 75.89% |
| Other Income | 2.84 | 1.71 | 2.12 | 2.78 | 0.00 | 0.25 | 0.14 | 4.30 | 0.29 | 0.26 | 0.15 | 0.34 |
| Interest | 0.00 | 0.00 | 0.00 | 0.11 | 0.00 | 0.07 | 0.00 | 0.06 | 0.00 | 0.05 | 0.00 | 0.04 |
| Depreciation | 0.01 | 0.01 | 0.02 | 0.17 | 0.09 | 0.10 | 0.11 | 0.11 | 0.10 | 0.12 | 0.11 | 0.12 |
| Profit before tax | 2.89 | 2.25 | 2.96 | 3.53 | 1.25 | 1.65 | 0.89 | 2.78 | 1.28 | 1.25 | 1.29 | 1.25 |
| Tax % | 12.80% | 16.00% | 13.85% | 14.45% | 40.00% | 30.91% | 61.80% | 28.78% | 33.59% | 52.80% | 52.71% | 37.60% |
| Net Profit | 2.52 | 1.88 | 2.54 | 3.02 | 0.74 | 1.14 | 0.34 | 1.98 | 0.85 | 0.59 | 0.62 | 0.77 |
| EPS in Rs | 1.75 | 1.31 | 1.76 | 2.54 | 0.62 | 0.96 | 0.29 | 1.67 | 0.72 | 0.59 | 0.62 | 0.77 |
| Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.41 | 5.33 | 4.88 | 4.66 | 6.09 | 5.50 | 6.55 | 4.76 | 5.57 | 12.92 | 5.97 | 5.63 |
| Expenses | 0.94 | 0.80 | 0.53 | 0.51 | 0.78 | 0.79 | 0.86 | 0.77 | 0.66 | 1.02 | 3.39 | 1.06 |
| Operating Profit | 0.47 | 4.53 | 4.35 | 4.15 | 5.31 | 4.71 | 5.69 | 3.99 | 4.91 | 11.90 | 2.58 | 4.57 |
| OPM % | 33.33% | 84.99% | 89.14% | 89.06% | 87.19% | 85.64% | 86.87% | 83.82% | 88.15% | 92.11% | 43.22% | 81.17% |
| Other Income | 0.70 | 0.02 | -0.02 | -0.01 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 3.98 | 1.04 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 | 0.14 | 0.09 |
| Depreciation | 0.04 | 0.02 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.21 | 0.36 | 0.45 |
| Profit before tax | 1.13 | 4.53 | 4.29 | 4.10 | 5.30 | 4.70 | 5.68 | 3.99 | 4.92 | 11.62 | 6.06 | 5.07 |
| Tax % | 0.88% | 21.19% | 16.78% | 22.20% | 28.68% | 28.94% | 16.20% | 11.28% | 8.54% | 14.29% | 24.92% | 38.07% |
| Net Profit | 1.12 | 3.57 | 3.57 | 3.19 | 3.79 | 3.34 | 4.77 | 3.54 | 4.50 | 9.96 | 4.55 | 3.13 |
| EPS in Rs | 2.32 | 3.31 | 2.46 | 3.12 | 8.37 | 3.84 | 3.14 | |||||
| Dividend Payout % | 21.21% | 13.31% | 19.96% | 22.34% | 18.80% | 21.53% | 15.07% | 10.16% | 7.99% | 2.98% | 6.52% | 3.99% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 1% | -3% | 0% | -6% | ||
| Compounded Profit Growth | -1% | -8% | -11% | -1% | ||
| Stock Price CAGR | 10% | % | % | % | ||
| Return on Equity | 11% | 11% | 12% | 7% |
| Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9.50 | 9.50 | 9.50 | 9.50 | 9.50 | 7.19 | 7.19 | 7.19 | 7.19 | 5.93 | 5.93 | 4.99 |
| Reserves | 17.19 | 20.19 | 22.88 | 25.19 | 28.14 | 25.42 | 29.30 | 32.40 | 36.47 | 39.53 | 43.72 | 32.65 |
| Borrowings | 0.00 | 0.00 | 0.01 | 2.25 | 2.25 | 2.15 | 1.88 | 1.66 | 1.40 | 1.12 | 0.79 | 0.42 |
| Other Liabilities | 0.34 | 0.97 | 1.38 | 1.14 | 1.40 | 1.14 | 1.12 | 0.82 | 0.85 | 0.98 | 0.86 | 0.39 |
| Total Liabilities | 27.03 | 30.66 | 33.77 | 38.08 | 41.29 | 35.90 | 39.49 | 42.07 | 45.91 | 47.56 | 51.30 | 38.45 |
| Fixed Assets | 0.57 | 0.56 | 0.57 | 4.31 | 4.57 | 4.96 | 5.19 | 5.39 | 5.56 | 12.94 | 13.15 | 12.51 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 1.38 | 4.13 | 0.00 | 0.00 | 0.00 |
| Investments | 13.33 | 13.96 | 15.73 | 12.32 | 20.79 | 24.24 | 28.20 | 28.28 | 32.78 | 29.13 | 34.29 | 21.55 |
| Other Assets | 13.13 | 16.14 | 17.47 | 21.45 | 15.92 | 6.69 | 6.09 | 7.02 | 3.44 | 5.49 | 3.86 | 4.39 |
| Total Assets | 27.03 | 30.66 | 33.77 | 38.08 | 41.29 | 35.90 | 39.49 | 42.07 | 45.91 | 47.56 | 51.30 | 38.45 |
| Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -4.62 | -7.22 | 5.07 | -5.26 | 5.96 | -2.24 | 0.30 | -0.83 | 2.82 | -0.96 | 4.15 | 4.19 |
| Cash from Investing Activity | 10.38 | 1.91 | 1.03 | 3.97 | -5.87 | -0.39 | 0.63 | 1.63 | -2.33 | 9.22 | -3.89 | 4.16 |
| Cash from Financing Activity | -0.28 | -0.28 | -0.54 | 1.43 | -0.83 | -0.84 | -0.84 | -0.86 | -0.43 | -8.24 | -0.36 | -8.31 |
| Net Cash Flow | 5.48 | -5.59 | 5.56 | 0.14 | -0.74 | -3.47 | 0.09 | -0.06 | 0.05 | 0.02 | -0.09 | 0.04 |
| Free Cash Flow | -4.36 | -7.23 | 5.00 | -9.06 | 5.66 | -2.66 | 1.06 | -2.45 | -0.23 | -4.42 | 5.57 | 3.98 |
| CFO/OP | -928% | -143% | 137% | -104% | 142% | -19% | 24% | -3% | 76% | 12% | 208% | 106% |
| Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 0.00 | 0.00 | 12.53 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 20.06 | 24.46 | 23.99 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 0.00 | 0.00 | 0.00 | 12.53 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 20.06 | 24.46 | 23.99 |
| Working Capital Days | 1,571.31 | 980.64 | 558.72 | 964.20 | 414.75 | 199.09 | 150.46 | 283.72 | 20.31 | 41.81 | 17.73 | 7.78 |
| ROCE % | 2.97% | 16.00% | 13.89% | 11.86% | 13.80% | 12.59% | 15.53% | 10.02% | 11.40% | 25.60% | 8.68% | 11.66% |
| Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 74.82% | 74.82% | 73.00% | 73.00% | 73.00% | 73.00% | 73.01% | 73.01% | 72.97% | 72.97% | 72.97% | 72.97% |
| Public | 25.18% | 25.18% | 27.00% | 27.00% | 27.00% | 27.00% | 26.99% | 26.99% | 27.03% | 27.03% | 27.03% | 27.03% |
| No. of Shareholders | 2,914 | 2,370 | 2,146 | 2,140 | 2,055 | 1,948 | 1,929 | 1,887 | 1,774 | 1,761 | 1,739 | 1,730 |
Fundamentals
Market Cap₹ 34.6 Cr.
Current Price₹ 34.7
Stock P/E11.0
Book Value₹ 37.8
ROCE11.7 %
ROE7.17 %
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)-6%
Compounded Profit Growth (TTM)-1%
Standalone figures.
Valuation
P/E, 3-year average5.98x
P/B, 3-year average0.68x
P/E, 5-year average4.41x
P/B, 5-year average0.48x
Profitability
Operating margin (excl. other income)81.17%
Operating margin (incl. other income)99.64%
EBITDA margin99.64%
Pre-tax margin90.05%
Net profit margin50.27%
Net margin, latest quarter54.61%
ROE7.17%
ROCE11.66%
ROA6.97%
ROE, 3-year average13.03%
ROCE, 3-year average16.68%
ROA, 3-year average12.50%
ROE, 5-year average11.84%
ROCE, 5-year average14.29%
ROA, 5-year average11.28%
ROIC (approx.)8.74%
Tax rate38.07%
Other income / net worth2.76%
Growth
Sales growth (latest year)-5.70%
Profit growth (latest year)-31.21%
Sales CAGR, 3 years0.36%
Sales CAGR, 5 years-2.98%
Profit CAGR, 3 years-11.40%
Profit CAGR, 5 years-8.08%
Sales growth QoQ-1.40%
Profit growth QoQ24.19%
Sales growth YoY (latest quarter)19.49%
Profit growth YoY (latest quarter)-61.11%
Per share
EPS (TTM)Rs 2.84
EPS (latest quarter)Rs 0.77
EPS, 3-year averageRs 10.32
EPS, 5-year averageRs 7.96
Book value per shareRs 37.75
Sales per shareRs 5.65
Cash flow per shareRs 4.20
Free cash flow per shareRs 3.99
Dividend per share, 3-year averageRs 0.38
Dividend per share, 5-year averageRs 0.44
Dividends
Dividend payout3.83%
Dividend payout, 3-year average4.48%
Dividend payout, 5-year average6.32%
Efficiency
Asset turnover0.15x
Fixed asset turnover0.45x
Debtor days24 days
Debtors turnover15.22x
Cash conversion cycle24 days
Working capital days8 days
Leverage
Total debtRs 0 Cr
Cash and bankRs 2 Cr
Net debtRs -1 Cr
Debt to equity0.01x
Net debt / EBITDA-0.19x
Interest coverage57.33x
Owners' fund to total sources97.89%
Debt to assets1.09%
Cash flow
Cash from Operating Activity (latest year)Rs 4 Cr
Cash from Investing Activity (latest year)Rs 4 Cr
Cash from Financing Activity (latest year)Rs -8 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 4 Cr
FCFE (approx.: FCF + change in debt)Rs 4 Cr
Cash from ops / profit, 5 years0.36x
Sales to cash flow1.34x
Statement figures
Net sales (TTM)Rs 6 Cr
Net sales (latest year)Rs 6 Cr
Sales (latest quarter)Rs 1 Cr
Operating profit excl. other income (latest year)Rs 5 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 6 Cr
PBDT (TTM)Rs 6 Cr
Profit before tax (TTM)Rs 5 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 3 Cr
Net profit (latest year)Rs 3 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 1 Cr
Total income (latest year)Rs 7 Cr
Share capitalRs 5 Cr
ReservesRs 33 Cr
Shareholders' fundsRs 38 Cr
Total assetsRs 38 Cr
Net blockRs 13 Cr
InvestmentsRs 22 Cr
ReceivablesRs 0 Cr
Other liabilitiesRs 0 Cr
Shares outstanding (crore)1.00
Ownership
Promoter holding72.97% (-0.04 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 14.5 is at the 96th percentile of its own 3.9-year range
(median 8.1, low 3.5, high 15.1).
P/B 1.09 is at the 96th percentile (median 0.83).
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.
Not enough price history.
Red flags
F-score 7 of 8| explain | Weak cash conversion Cash from operations was 42% of net profit over the last 3 years |
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
Mar 2020Sales ₹1 Cr +19.5% vs Mar 2019.
Net profit ₹1 Cr -61.1%.
Activity
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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 Securities Ltd?
Frontline Securities Ltd (533213) has a market capitalisation of Rs 34.6 Cr. at the close.
What is the P/E ratio of Frontline Securities Ltd?
Frontline Securities Ltd trades at a P/E of 11.0 on trailing twelve-month profit, at the close.
What were Frontline Securities Ltd's latest quarterly results?
In the Mar 2020 quarter, Frontline Securities Ltd sales was Rs 1 Cr (+19.5% vs Mar 2019) and net profit was Rs 1 Cr.