Frontier Springs Limited. · NSE:FRONTSP
Frontier Springs — Q1 FY2025 Earnings Presentation
30 slides from Frontier Springs's earnings presentation, Aug 12, 2024
Slide 1: BSE Regulation 30 disclosure cover letter
Frontier Springs Ltd. REGD. OFFICE & FACTORY : KM 25/4, KALPI ROAD, RANIA, KANPUR DEHAT - 209 304 U P (INDIA) Tele Office : +91.5111-240212, 240213 C Fax : +91-5111-240214 e-mail : info@frontiersprings.co.in C Website : hitp://wwiw frontiersprings.co.in CIN No. : L17119UP1981PLC005212 August 12, 202
Slide 2: Frontier Springs Limited Investor Presentation Q1FY25
Frontier Investor Presentation Springs Limited Q1FY25
Slide 3: Safe harbour statement
Safe harbour statement This presentation may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar expressions or variations of these expressions or n
Slide 4: A glimpse of Frontier Springs
A glimpse of Frontier Springs Company Overview 04 Our Journey 06 Business Divisions 07 Our Products 11 Marquee Clientele 12 Esteemed Board 13
Slide 5: Company Overview
Company Overview ESTABLISHED IN A DISTINGUISHED THE COMPANY’S SPRINGS CERTIFIED BY THE MANUFACTURER OF HOT USED ON THE FASTEST INTERNATIONAL RAIL 1981 COILED COMPRESSION TRAIN IN INDIA - VANDE INDUSTRY STANDARD SPRINGS, AIR SPRINGS AND BHARAT EXPRESS (IRIS), WHICH ENABLES FORGING FOR WAGONS, US TO D
Slide 6: Company Overview: experience and approvals
Company Overview 40+ Two APPROVAL FROM OF EXPERIENCE AND RECEIVED FOR OUR MANUFACTURING EXPERTISE MANAGEMENT SYSTEM FACILITIES FOR SPRING-SINGLE COIL FOR EMD LOCOMOTIVES CERTIFIED 05 | FRONTIER SPRINGS LIMITED frontiersprings.co.in
Slide 7: Our Journey
Our Journey From a small family business to supplying springs and forgings for Indian Railways 1968 1981 1981-1990 1991 1992-2015 In 2011 2022 Began making Leaf Incorporation of Frontier • Enjoyed a monopoly in Set up two plants in Set up another Forayed into Forayed into Springs for trucks and Spri
Slide 8: Business Divisions (1/3) Springs Division
Business Divisions (1/3) SPRINGS DIVISION In 1991, we shifted from Leaf Springs to Hot Coiled Springs for the Indian Railways, which has been our mainstay business for the past 30 years What do we do? • Manufacture different kinds of Coil Springs to use space better, reduce tiredness and weight • Us
Slide 9: Business Divisions (2/3) Forging Division
Business Divisions (2/3) FORGING DIVISION In 2011, we forayed into the forging business by setting up a manufacturing plant in Kanpur What do we do? • Manufacture train parts such as Anti Roll Bar Assembly, Screw Couplings, Draft Gear Assembly and BSS Hangers • Have big hammers of 1 tonne, 3 tonnes
Slide 10: Business Divisions (3/3) Air Spring Division
Business Divisions (3/3) AIR SPRING DIVISION We now create Air Spring suspension systems for LHB coaches for Indian Railways What do we do? • Signed an MoU with Contitech Germany to supply Air Springs to Indian Railways 2022 FY25 ~12 Cr ~120Cr MANUFACTURING RAMP UP CAPEX INCURRED REVENUE PLANT EXPEC
Slide 11: Commercialisation of Air Springs Facility
Commercialisation of Air Springs Facility 10 | FRONTIER SPRINGS LIMITED frontiersprings.co.in
Slide 12: Products
Products Air Springs for LHB coaches Suspension Coil Springs for Suspension Coil Springs for freight stock coaching stock Suspension Coil Springs for diesel TMCLH and VLH Coil Springs for Forging components such as Brake and electrical locomotives the power sector Block Hanger, Knuckle Thrower, Top
Slide 13: Marquee Clientele
Marquee Clientele • Chittranjan Locomotive Works • Banaras Locomotive Works • Frontier Alloy Steels Limited • Patiala Locomotive Works 12 | FRONTIER SPRINGS LIMITED frontiersprings.co.in
Slide 14: Esteemed Board
Esteemed Board Mr. Kundan Lal Bhatia CHAIRMAN CUM MANAGING DIRECTOR Mr. Kapil Bhatia Mr. Neeraj Bhatia Mrs. Mamta Bhatia MANAGING DIRECTOR CEO AND WHOLETIME DIRECTOR WHOLETIME DIRECTOR Mrs. Manju Bhatia Mr. Yashpal Mr. K. P. Somkuwar WHOLETIME DIRECTOR INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR Mr. N
Slide 15: Quality products for modern needs
Quality products for modern needs Indian Railways – Our Primary Customer 14 Different types of Springs 16 Advantages of Air Springs and Hot Coil Springs 17
Slide 16: Indian Railways – Our Primary Customer
Indian Railways – Our Primary Customer IN D IA N R AILWAYS IS TH E FOU RTH L AR GEST R AILWAY N ETWOR K IN TH E WOR L D . GOVER N MEN T IN ITIATIVES Freight loading and revenue Automatic signalling 1,591 MT of freight loaded in Upgraded 530 km with automatic FY2024 signalling in FY2023 5.22% Y-O-Y G
Slide 17: Indian Railways – Government Initiatives
Indian Railways – Our Primary Customer GOVERNMENT INITIATIVES NATIONAL RAIL PLAN (NRP) FOREIGN DIRECT INVESTMENT INDIAN RAILWAY INNOVATION POLICY 58 super-critical projects of a total length The government has cleared the proposal The intention is to work with entrepreneurs, of 3,750 km costing ₹39,
Slide 18: Different Types of Springs
Different Types of Springs FACTORS LEAF LAMINATED BEARING HOT COIL AIR SPRINGS SPRINGS SPRINGS SPRINGS CONSTRUCTION Made of a series of long, Made of multiple layers of Made of steel and are Made of rubber and are thin metal strips that are steel plates that are heated and shaped into filled with co
Slide 19: Advantages of Air Springs and Hot Coil Springs
Advantages of Air Springs and Hot Coil Springs Smoother Ride Comfort Can absorb more shock and provide a smoother ride Better handling Can better absorb the weight of the train and provide better handling, thus preventing derailments More Resilient Can withstand more stress and abuse and thus, run e
Slide 20: Performance
Performance From the Managing Director 20 Quarterly Highlights 21 5-year performance 22 Summary of Profit & Loss Statement 23 Summary of Balance Sheet 24 Summary of Cash Flow Statement 25
Slide 21: From The Managing Director
From The Managing Director ‘‘ I am pleased to provide you with an update on our performance for Q1FY25. We have had a strong start to the financial year, achieving our highest ever quarterly sales and profitability. This success was driven by robust performance across The culmination of these factor
Slide 22: Quarterly Highlights
Quarterly Highlights Revenue from operations EBITDA & EBITDA Margin PAT (IN ₹ CRO RE) (IN ₹ CRO RE & % ) (IN ₹ CRO RE) 16.81% 19.21% 6.98 44.14 13.62% 5.05 25.49 50.75 1.86 3.47 7.42 9.75 Q1FY24 Q4FY24 Q1FY25 Q1FY24 Q4FY24 Q1FY25 Q1FY24 Q4FY24 Q1FY25 Revenue from operations EBITDA & EBITDA Margin PA
Slide 23: 5-year Performance
5-year Performance Revenue from operations EBITDA EBITDA margin (IN ₹ CRO RE) (IN ₹ CRO RE) (IN %) FY24 135.42 FY24 20.77 FY24 15.34% FY23 107.36 FY23 13.31 FY23 11.79% FY22 83.66 FY22 13.21 FY22 15.79% FY21 77.94 FY21 13.70 FY21 17.58% FY20 100.78 FY20 20.70 FY20 20.58% 26.14% Y-O-Y GROWTH 64.06% Y
Slide 24: Summary of Profit and Loss Statement
Summary of Profit and Loss Statement (IN ₹ CRO RE) PARTICULARS Q1FY25 Q4FY24 Q1FY24 Q-o-Q Y-o-Y REVENUE FROM OPERATIONS 50.75 44.14 29.15 14.97% 99.09% OTHER INCOME 0.66 0.46 0.21 44.20% 1284.76% TOTAL INCOME 51.42 44.60 29.36 15.28% 101.31% TOTAL OPERATING EXPENSES 41.67 36.72 25.46 12.05% 88.80% E
Slide 25: Summary of Balance Sheet
Summary of Balance Sheet (IN ₹ CRO RE) PARTICULARS FY24 FY23 SHAREHOLDERS FUND 89.31 74.68 NON- CURRENT LIABILITIES 4.38 4.21 LONG TERM BORROWINGS 1.17 1.25 CURRENT LIABILITIES 29.68 31.02 SHORT TERM BORROWINGS 2.55 3.37 TOTAL EQUITY AND LIABILITIES 123.37 109.92 NON-CURRENT ASSETS 65.79 59.38 NET B
Slide 26: Summary of Cash Flow Statement
Summary of Cash Flow Statement (IN ₹ CRO RE) PARTICULARS FY24 FY23 CASH FLOW FROM OPERATING ACTIVITIES 11.57 9.62 CASH FLOW FROM INVESTING ACTIVITIES (9.60) (10.02) CASH FLOW FROM FINANCING ACTIVITIES (1.69) 0.52 NET CASH FLOW 0.28 0.12 CASH AT THE BEGINNING OF PERIOD 2.00 1.88 CASH AT THE END OF PE
Slide 27: The Future
The Future Ready to Leverage Opportunities 24 Why Invest in Us 25
Slide 28: Ready to Leverage Opportunities
Ready to Leverage Opportunities INDIAN RAILWAY GROWTH OPPORTUNITY Historic Budget Allocation Freight Corridor Impact Vande Bharat & Metro Expansion For railway-Capex – a 51% Run, with 73.5% of DFC commissioned. Target to reduce Incorporated, with an opportunity size of ₹58,000 Cr and increase from t
Slide 29: Why Invest in Us
Why Invest in Us Robust balance sheet New (Air Springs) to help improve New product (Air Springs) to the margin profile of the business significantly contribute to the topline growth Experienced Management at Strong Industry Tailwinds and the helm of operations growth visibility 28 | FRONTIER SPRING
Slide 30: Thank You
Thank You For further details, please get in touch Dhruv Bhasin Abhishek Mehra COMPANY SECRETARY Investor Relations Advisor Frontier Springs Limited TIL Advisors Private Limited c.s@frontiersprings.co.in abhishek@theinvestmentlab.in