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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 33 | 33 | 44 | 51 | 52 | 58 | 70 | 75 | 83 | 81 | 83 | 78 |
| Expenses | 28 | 28 | 37 | 41 | 42 | 46 | 53 | 55 | 61 | 61 | 59 | 59 |
| Operating Profit | 5 | 5 | 7 | 10 | 11 | 12 | 17 | 20 | 22 | 20 | 24 | 19 |
| OPM % | 14% | 16% | 17% | 19% | 20% | 21% | 24% | 27% | 27% | 25% | 29% | 25% |
| Other Income | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 |
| Profit before tax | 4 | 4 | 7 | 9 | 10 | 11 | 16 | 20 | 21 | 19 | 22 | 18 |
| Tax % | 26% | 25% | 25% | 26% | 25% | 24% | 26% | 26% | 26% | 25% | 25% | 33% |
| Net Profit | 3 | 3 | 5 | 7 | 7 | 9 | 12 | 15 | 16 | 14 | 17 | 12 |
| EPS in Rs | 2.42 | 2.73 | 4.28 | 5.92 | 6.18 | 7.40 | 9.88 | 12.49 | 13.31 | 12.10 | 14.04 | 10.16 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 39 | 47 | 59 | 83 | 100 | 77 | 84 | 107 | 135 | 231 | 322 | 325 |
| Expenses | 35 | 41 | 50 | 70 | 79 | 64 | 71 | 94 | 114 | 181 | 235 | 240 |
| Operating Profit | 4 | 6 | 8 | 13 | 20 | 13 | 12 | 13 | 21 | 50 | 87 | 85 |
| OPM % | 10% | 12% | 14% | 16% | 20% | 17% | 15% | 12% | 16% | 22% | 27% | 26% |
| Other Income | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Interest | 2 | 2 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 5 | 5 |
| Profit before tax | 1 | 2 | 5 | 10 | 18 | 11 | 10 | 10 | 17 | 46 | 82 | 80 |
| Tax % | 49% | 8% | 35% | 18% | 20% | 26% | 25% | 26% | 26% | 25% | 25% | |
| Net Profit | 1 | 2 | 4 | 8 | 14 | 8 | 8 | 7 | 13 | 35 | 61 | 59 |
| EPS in Rs | 0.43 | 1.81 | 3.02 | 7.12 | 11.88 | 6.61 | 6.36 | 6.14 | 11.01 | 29.37 | 51.89 | 49.61 |
| Dividend Payout % | 0% | 0% | 0% | 5% | 3% | 0% | 5% | 5% | 5% | 2% | 1% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 24% | 33% | 44% | 27% | ||
| Compounded Profit Growth | 61% | 51% | 103% | 38% | ||
| Stock Price CAGR | 60% | 69% | 84% | -6% | ||
| Return on Equity | 24% | 26% | 31% | 39% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 12 |
| Reserves | 20 | 20 | 22 | 26 | 34 | 47 | 56 | 63 | 71 | 85 | 120 | 172 |
| Borrowings | 10 | 13 | 14 | 12 | 9 | 9 | 4 | 3 | 5 | 4 | 6 | 11 |
| Other Liabilities | 12 | 16 | 15 | 17 | 21 | 18 | 20 | 22 | 31 | 30 | 39 | 24 |
| Total Liabilities | 46 | 52 | 55 | 59 | 68 | 78 | 83 | 92 | 110 | 123 | 169 | 218 |
| Fixed Assets | 16 | 23 | 27 | 29 | 30 | 33 | 34 | 37 | 42 | 45 | 56 | 65 |
| CWIP | 6 | 1 | 1 | 0 | 0 | 1 | 0 | 1 | 1 | 2 | 1 | 1 |
| Investments | 0 | 0 | 0 | 2 | 3 | 5 | 8 | 13 | 15 | 18 | 25 | 48 |
| Other Assets | 24 | 29 | 28 | 29 | 35 | 39 | 41 | 42 | 52 | 59 | 87 | 103 |
| Total Assets | 46 | 52 | 55 | 59 | 68 | 78 | 83 | 92 | 110 | 123 | 169 | 218 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 5 | 1 | 6 | 7 | 9 | 10 | 11 | 10 | 10 | 12 | 22 | 31 |
| Cash from Investing Activity | -3 | -3 | -6 | -4 | -4 | -8 | -5 | -10 | -10 | -10 | -20 | -37 |
| Cash from Financing Activity | -2 | 2 | -0 | -3 | -5 | -1 | -6 | -1 | 1 | -2 | 1 | 4 |
| Net Cash Flow | 0 | 0 | 0 | -1 | 0 | 1 | 0 | -1 | 0 | 0 | 3 | -2 |
| Free Cash Flow | 2 | -2 | 0 | 3 | 6 | 3 | 9 | 4 | 1 | 4 | 8 | 17 |
| CFO/OP | 189% | 38% | 123% | 94% | 84% | 64% | 107% | 104% | 92% | 75% | 67% | 60% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 81 | 96 | 58 | 63 | 50 | 58 | 83 | 74 | 55 | 60 | 61 | 69 |
| Inventory Days | 265 | 281 | 265 | 206 | 186 | 147 | 214 | 215 | 211 | 169 | 126 | 83 |
| Days Payable | 190 | 220 | 199 | 179 | 165 | 117 | 175 | 150 | 170 | 118 | 94 | 33 |
| Cash Conversion Cycle | 156 | 156 | 124 | 90 | 71 | 87 | 121 | 139 | 97 | 111 | 92 | 119 |
| Working Capital Days | 51 | 49 | 23 | 30 | 32 | 53 | 76 | 75 | 60 | 69 | 64 | 79 |
| ROCE % | 5% | 8% | 11% | 17% | 26% | 35% | 18% | 15% | 14% | 21% | 42% | 51% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 51.76% | 51.76% | 51.76% | 51.76% | 51.76% | 51.76% | 51.76% | 51.76% | 51.76% | 51.76% | 51.76% | 51.76% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% | 0.10% | 0.21% | 0.51% | 0.36% |
| Public | 48.24% | 48.22% | 48.25% | 48.24% | 48.23% | 48.25% | 48.23% | 48.12% | 48.13% | 48.03% | 47.74% | 47.89% |
| No. of Shareholders | 5,879 | 5,900 | 6,514 | 7,447 | 8,061 | 8,515 | 9,139 | 10,840 | 12,463 | 13,095 | 14,585 | 17,968 |
Fundamentals
Market Cap₹ 1,648 Cr.
Current Price₹ 1,394
Stock P/E28.1
Book Value₹ 155
ROCE50.6 %
ROE39.2 %
Dividend Yield0.05 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)27%
Compounded Profit Growth (TTM)38%
Standalone figures.
Valuation
Market capRs 1,680 Cr
Enterprise valueRs 1,687 Cr
P/E (TTM)28.67x
Price to book9.15x
Price to sales5.17x
EV / EBITDA19.67x
EV / EBIT20.92x
EV / sales5.19x
Price to cash flow53.47x
Earnings yield3.49%
Dividend yield0.05%
P/E, 3-year average14.42x
P/B, 3-year average3.93x
P/E, 5-year average10.93x
P/B, 5-year average2.59x
Profitability
Operating margin (excl. other income)26.89%
Operating margin (incl. other income)27.25%
EBITDA margin26.37%
Pre-tax margin24.72%
Net profit margin18.02%
Net margin, latest quarter15.31%
ROE39.88%
ROCE51.11%
ROA31.63%
ROE, 3-year average29.41%
ROCE, 3-year average38.07%
ROA, 3-year average22.15%
ROE, 5-year average22.05%
ROCE, 5-year average28.72%
ROA, 5-year average16.43%
ROIC (approx.)31.51%
Tax rate25.46%
Other income / net worth0.62%
Growth
Sales growth (latest year)39.22%
Profit growth (latest year)76.89%
Sales CAGR, 3 years44.22%
Sales CAGR, 5 years33.15%
Profit CAGR, 3 years103.83%
Profit CAGR, 5 years51.04%
Sales growth QoQ-4.94%
Profit growth QoQ-27.61%
Sales growth YoY (latest quarter)4.14%
Profit growth YoY (latest quarter)-18.52%
Per share
EPS (TTM)Rs 49.38
EPS (latest year)Rs 51.67
EPS (latest quarter)Rs 10.12
EPS, 3-year averageRs 57.05
EPS, 5-year averageRs 41.63
Book value per shareRs 154.64
Sales per shareRs 274.06
Cash flow per shareRs 26.47
Free cash flow per shareRs 14.33
Dividend per share (latest year)Rs 0.70
Dividend per share, 3-year averageRs 1.32
Dividend per share, 5-year averageRs 1.19
Dividends
Dividend payout1.35%
Dividend payout, 3-year average2.65%
Dividend payout, 5-year average3.76%
Efficiency
Asset turnover1.48x
Fixed asset turnover4.92x
Inventory turnover5.59x
Inventory days65 days
Debtor days69 days
Debtors turnover5.29x
Creditor days33 days
Cash conversion cycle119 days
Working capital days79 days
Leverage
Total debtRs 11 Cr
Cash and bankRs 4 Cr
Net debtRs 7 Cr
Debt to equity0.06x
Net debt / EBITDA0.09x
Interest coverage310.15x
Owners' fund to total sources84.05%
Debt to assets4.95%
Cash flow
Cash from Operating Activity (latest year)Rs 31 Cr
Cash from Investing Activity (latest year)Rs -37 Cr
Cash from Financing Activity (latest year)Rs 4 Cr
Net Cash Flow (latest year)Rs -2 Cr
Free cash flow (latest year)Rs 17 Cr
FCFE (approx.: FCF + change in debt)Rs 22 Cr
Cash from ops / profit, 5 years0.69x
Sales to cash flow10.25x
Statement figures
Net sales (TTM)Rs 325 Cr
Net sales (latest year)Rs 322 Cr
Sales (latest quarter)Rs 78 Cr
Operating profit excl. other income (latest year)Rs 87 Cr
Operating profit (latest quarter)Rs 19 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 86 Cr
PBDT (TTM)Rs 86 Cr
Profit before tax (TTM)Rs 80 Cr
Tax (latest year)Rs 21 Cr
Net profit (TTM)Rs 59 Cr
Net profit (latest year)Rs 61 Cr
Net profit (latest quarter)Rs 12 Cr
Depreciation (TTM)Rs 5 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 191 Cr
Total expenditure (latest year)Rs 235 Cr
Total income (latest year)Rs 323 Cr
Share capitalRs 12 Cr
ReservesRs 172 Cr
Shareholders' fundsRs 183 Cr
Total assetsRs 218 Cr
Net blockRs 65 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 48 Cr
ReceivablesRs 61 Cr
InventoryRs 34 Cr
Other liabilitiesRs 24 Cr
Shares outstanding (crore)1.19
Ownership
Promoter holding51.76% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 28.7 is at the 63th percentile of its own 9.4-year range
(median 23.1, low 7.2, high 81.3).
P/B 9.15 is at the 81th percentile (median 2.51).
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 | FRONTSP | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -6.3% | -2.8% | -3.5 pts |
| 1 month | +12.7% | -6.8% | +19.5 pts |
| 3 months | -2.5% | -7.6% | +5.2 pts |
| 3 years | +537.1% | +14.2% | +523.0 pts |
| 5 years | +1307.4% | +27.9% | +1279.5 pts |
Red flags
F-score 6 of 8| explain | High accruals Profit exceeded operating cash by 14% of total assets in 2026 |
| look | On NSE surveillance On NSE surveillance: ASM short-term |
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 ₹78 Cr +4.0% vs Jun 2025.
Net profit ₹12 Cr -20.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Samvardhana Motherson International Ltd | 167,351 | 36.6 | 13.4 % |
| Bosch Ltd | 134,797 | 57.0 | 21.5 % |
| Bharat Forge Ltd | 94,900 | 94.0 | 12.6 % |
| Uno Minda Ltd | 67,102 | 54.9 | 19.6 % |
| Schaeffler India Ltd | 61,271 | 47.5 | 27.9 % |
| Sona BLW Precision Forgings Ltd | 50,907 | 65.5 | 15.1 % |
| Tube Investments of India Ltd | 46,709 | 74.5 | 17.1 % |
| Endurance Technologies Ltd | 37,343 | 37.9 | 17.8 % |
| Exide Industries Ltd | 34,595 | 36.9 | 8.54 % |
| Dhoot Transmission Ltd | 30,776 | 68.7 | 24.4 % |
| Craftsman Automation Ltd | 27,475 | 58.7 | 13.9 % |
| Sansera Engineering Ltd | 27,228 | 78.1 | 13.7 % |
| ZF Commercial Vehicle Control System India Ltd | 26,150 | 53.2 | 19.1 % |
| Asahi India Glass Ltd | 24,421 | 54.7 | 11.5 % |
| Sundram Fasteners Ltd | 24,022 | 38.7 | 17.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-09-15 | Dividend - Rs 0.70 Per Share |
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.
Short Term Additional Surveillance Measure (Short Term ASM): stage 1