Frontier Springs Limited. · NSE:FRONTSP
Frontier Springs — Q1 FY27 Earnings Presentation
30 slides from Frontier Springs's earnings presentation, Aug 13, 2026
Slide 1: Frontier Springs Ltd.
Frontier Springs Ltd. REGD. OFFICE & FACTORY : KM 25/4, KALPI ROAD, RI;NIA: KA’:SP‘IU?SF';:JZ&OQ 304 U.P. (INDIA) ) ice : +01-5111-240212, 240213 - Fax : -4 - 'ORATE O:::;EOM:E-14, PANKI INDUSTRIAL AREA, SITE-I, KANPUR - 208 022 U.P. (INDIA) coRe Tel. No. : 0512-2591207,§697208 fronferspringa so.n i
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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 ADISTINGUISHED 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 DI
Slide 6: Company Overview: certifications and expertise
Company Overview IRIS APPROVAL FROM 40+ vears Certification® Two Research EXPERTIE T MHANAGEMENT SYSTEM AT Designs and Standards Organization (RDSO) A fully 1SO S equipped 14001:2015 |ab°rat°ry CERTIFIED | 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 2011 2022 2024 Began making Leaf Incorporation of + Enjoyed a monopoly Set up two plantsin Set up another Forayed into Forayed into + Installed a state-of- Springs for tr
Slide 8: Coil Springs Division
anmo COIL 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 Manufacture different kinds of Coil Springs to use space better, reduce tiredness and weight Use strong chrome molly and chrome s
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 Capacity MANUFACTURING Successfully Planning further capital PLA
Slide 11: Frontier Springs Limited
10 | FRONTIER SPRINGS LIMITED frontiersprings.co.in
Slide 12: Our Products
~ Air Springs for LHB coaches Suspension Coil Springs for Suspension Coil Springs for freight stock coaching stock b 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 Follo
Slide 13: Marquee Clientele
Marquee Clientele Chittranjan Locomotive Works * Banaras Locomotive Works » Frontier Alloy Steels Limited » Patiala Locomotive Works (> TITAGARH Texmaco Rail & Engineering Ltd. 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 CFO AND WHOLETIME DIRECTOR WHOLETIME DIRECTOR Mrs. Manju Bhatia Mr. Sudhanshu Mani Mr. K. P. Somkuwar WHOLETIME DIRECTOR INDEPENDENT DIRECTOR INDEPENDENT DIRECTO
Slide 15: WOP4 20060
ae WOP4 20060 4 _» 5
Slide 16: Indian Railways — Our Primary Customer
Indian Railways — Our Primary Customer INDIAN RAILWAYS IS THE FOURTH LARGEST RAILWAY NETWORK IN THE WORLD. GOVERNMENT INITIATIVES Freight loading and revenue Automatic signaling The freight loading target for Upgraded 582 km with automatic FY2026-27 is 1,765 MT signaling in FY2024 Electrification Ga
Slide 17: Government Initiatives
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 39,663 crore and 68 for allowing 100% FDI i
Slide 18: Different Types of Springs
Different Types of Springs FACTORS HOT COIL SPRINGS AIR SPRINGS CONSTRUCTION Made of steel and are heated and shaped into Made of rubber and are filled with compressed coils air COMMON USE More common in newer vehicles More common in newer vehicles COST More expensive to manufacture Cost-efficient m
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
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Slide 21: From the Director
From the Director Our performance in Q1FY27 was below our usual run-rate, Across our core segments, demand for coil springs and air owing to supply-side disruptions that affected operations in the springs continues to be steady, underpinned by sustained second half of the quarter. An acute constrain
Slide 22: Financial Highlights
Financial Highlights Revenue from operations EBITDA & EBITDA Margin PAT (IN = CRORE) (IN = CRORE & %) (IN = CRORE) 28.51% 27.11% Bt WL 14.74 16.59 12.01 Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 Q1IFY26 Q4FY26 Q1FY27 Revenue from operations EBITDA & EBITDA Margin PAT (IN = CRORE) (IN = CRORE & %) (I
Slide 23: 5-year Performance
5-year Performance Revenue from operations EBITDA EBITDA margin (IN < CRORE) (IN < CRORE) (IN %) FY25 I23 1.34 FY25 I 49 .66 FY25 I 21.47% Fy24 I 13541 Fy24 N 20.77 FY24 I, 15.34% FY23 I 107.36 FY23 I 1331 FY23 I 11.79% FY22 I §3.66 FY22 I 1321 FY22 . 1 5.79% FY21 I 77.94 Fy21 I 13.70 FY21 I 17.58%
Slide 24: Summary of Profit and Loss Statement
Summary of Profit and Loss Statement (IN % CRORE) PARTICULARS Q1FY27 Q4FY26 Q1FY26 REVENUE FROM OPERATIONS 78.46 82.54 75.34 -4.95% 4.14% OTHER INCOME 0.12 0.29 0.60 -59.05% -80.48% TOTAL INCOME 78.58 82.83 75.94 -5.13% 3.47% TOTAL OPERATING EXPENSES 59.34 59.29 55.52 0.08% 6.88% EBITDA 19.24 23.54
Slide 25: Summary of Balance Sheet
Summary of Balance Sheet (IN % CRORE) PARTICULARS FY25 SHAREHOLDERS FUND 183.48 123.96 NON- CURRENT LIABILITIES 5.98 5.25 LONG TERM BORROWINGS 1.60 1.88 CURRENT LIABILITIES 28.85 40.14 SHORT TERM BORROWINGS 9.20 4.06 TOTAL EQUITY AND LIABILITIES 218.30 169.35 NON-CURRENT ASSETS 116.34 83.24 NET BLOC
Slide 26: Summary of Cash Flow Statement
Summary of Cash Flow Statement (IN % CRORE) PARTICULARS 26 FY25 CASH FLOW FROM OPERATING ACTIVITIES 31.41 2211 CASH FLOW FROM INVESTING ACTIVITIES (36.87) (20.46) CASH FLOW FROM FINANCING ACTIVITIES 376 1.28 NET CASH FLOW (1.70) 2.92 CASH AT THE BEGINNING OF PERIOD 5.20 228 CASH AT THE END OF PERIOD
Slide 27: The Future
The Future Ready to Leverage Opportunities 24 Why Investin 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 I I I ¥2.65 lakh crore One lakh trains 136 trains For railway-Capex — a 5% increase Run, with 96.4% of DFC commissioned. Target to reduce Incorporated,
Slide 29: 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 | FRONTIER SPRINGS LIMITED frontier
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