16,000% Multibagger Returns in 10 Years: Board Likely to Announce Bonus Issue of Shares

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16,000% Multibagger Returns in 10 Years: Board Likely to Announce Bonus Issue of Shares

The stock has given multibagger returns of 255 per cent in 2 years, 1,220 per cent in 5 years and a whopping 16,000 per cent in a decade.

Frontier Springs Ltd informed that a meeting of the Board of Directors of the company is scheduled to be held on Thursday, January 22, 2026, inter alia, to transact the following businesses:

  1. To consider the proposal for cancellation of 49,400 forfeited equity shares remaining unissued forming part of the issued and subscribed share capital of the company and consequent alteration in the articles of association of the company by inserting a new clause, subject to the approval of shareholders of the company.
  2. To consider an increase in the authorised share capital of the company and consequent alteration in clause v of the memorandum of association relating to share capital of the company, subject to the approval of shareholders of the company.
  3. To consider and recommend the issue of bonus shares to the shareholders of the company, subject to the approval of the shareholders of the company.
  4. To consider and approve the Notice of Extraordinary General Meeting / Postal Ballot for the purpose of seeking approval of the shareholders with respect to the aforementioned proposals.
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About the Company

Frontier Springs Ltd, established in 1981, is a specialised manufacturer of heavy-duty engineering components primarily serving the Indian Railways. The company focuses on the production of L.H.B. springs, hot-coiled compression springs, air springs, and forged items used across wagons, locomotives, and carriages. Notably, Frontier Springs is a key supplier for high-profile projects, including components for India’s premier semi-high-speed train, the Vande Bharat Express.

The company has a market cap of Rs 1,706 per share and has delivered good profit growth of 20 per cent CAGR over the last 5 years with a median sales growth of 20 per cent of last 10 years. The shares of the company have a PE of 34x, an ROE of 32 per cent and an ROCE of 42 per cent. The stock has given multibagger returns of 255 per cent in 2 years, 1,220 per cent in 5 years and a whopping 16,000 per cent in a decade.

Disclaimer: The article is for informational purposes only and not investment advice.