Scripscan:Frontier Springs Ltd
cmp:31
Code:522195
Story:Frontier Springs Limited manufactures and sells hot wound springs for transportation, industrial, and government applications. Its hot wound springs include mass transit, locomotive, replacement, vibration control, industrial, OEM, triple coil, double coil, single coil, railroad, transit car, helical steel, truck, buffer, side bearing, journal, secondary, equalizer, primary, pipe hanger, valve, and nuclear valve springs. The company’s hot wound springs also comprise coal crushing, rail road passenger, shock absorber, snow plowing, actuator, shaker, mining equipment, draft gear, bogie, pipe support, wagon, brake chamber, condenser, power generator, conveyor, agriculture equipment, heavy duty coiled, tractor, large coil, compression, and laminated bearing springs, as well as leaf springs for automobiles. It sells its products to heavy engineering industries and original equipment manufacturers in India and internationally.Net profit of Frontier Springs declined 58.39% to Rs 0.67 crore in the quarter ended December 2011 as against Rs 1.61 crore during the previous quarter ended December 2010. Sales declined 32.15% to Rs 7.45 crore in the quarter ended December 2011 as against Rs 10.98 crore during the previous quarter ended December 2010.Though recent numbers been erratic but prospects definitely looks good.Book value of 43rs and eps of 12rs last year gives decent comfort.Hold on.
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