SYNOPSIS: The company revised the record date for its previously approved 2:1 bonus issue to 13th March 2026, under which 78.77 lakh equity shares will be allotted to eligible shareholders.
During Tuesday’s trading session, shares of a distinguished manufacturer of hot coiled compression springs, air springs and forgings for wagons, railways, carriages and locomotives surged nearly 6 percent on BSE, after the company revised the record date of the bonus issue in a 2:1 ratio.
With a market cap of Rs. 1,752.6 crores, shares of Frontier Springs Limited were trading in the green at Rs. 4,450 on BSE, up by around 5 percent, as against its previous closing price of Rs. 4,247.55. The stock has delivered multibagger returns of around 115 percent in one year, and has gained by over 11 percent in the last one month.
News
According to the latest disclosures on the BSE, Frontier Springs Limited has informed about revising the record date for the bonus issue to Friday, 13th March 2026, from the earlier date of Friday, 6th March 2026. The decision follows the Board’s approval of the bonus issue at its meeting held on 22nd December 2026.
Under the approved proposal, the Board has recommended and approved the allotment of 78,77,022 fully paid-up equity shares as bonus shares in a 2:1 ratio, meaning shareholders will receive 2 new equity shares of face value Rs. 10 each for every 1 existing fully paid-up equity share of face value Rs. 10 each held.
Financials
Frontier Springs reported a significant growth in its revenue from operations, showing a year-on-year increase of around 60 percent from Rs. 52 crores in Q2 FY25 to Rs. 83 crores in Q2 FY26.
Likewise, the company’s net profit increased during the same period from Rs. 7 crores to Rs. 16 crores, representing an impressive rise of nearly 129 percent YoY. The company will announce financial results for Q3 FY26 on 12th February 2026.
Frontier Springs Limited operates in three segments: springs division, forging division and air spring division. It is mainly engaged in the business of manufacturing LHB Springs, hot coiled compression springs, air-springs and forging items for wagons, locomotives and carriages and is regularly supplying to railways, bogie manufacturers, Chittaranjan Locomotive Works, Diesel Locomotive Works, Integral Coach Factory, and Rail Coach Factory.
In addition to the supply to the railways, the unit also supplies the springs to heavy engineering industries & original earth movers equipment manufacturers, including BEML, TELCON, BHEL. As of September 2025, Frontier Springs has an order book of Rs. 375 crores.
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