Frontline Securities
Frontline Securities
Financial ServicesTapetide Score
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Key Insights
Strengths
3- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.92 times its book value
Weaknesses
2- The company has delivered a poor sales growth of -2.98% over past five years.
- Company has a low return on equity of 12.0% over last 3 years.
Growth Rate
Quarterly Results
| Particulars | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.23 | 0.21 | 0.74 | 1.12 | 1.44 | 1.64 | 1.88 | 1.15 | 1.18 | 1.4 | 1.39 | 1.43 | 1.41 |
| Expenses | 0.22 | 0.15 | 0.19 | 0.26 | 0.41 | 0.3 | 0.31 | 0.29 | 2.53 | 0.31 | 0.23 | 0.18 | 0.34 |
| Operating Profit | 1.01 | 0.06 | 0.55 | 0.86 | 1.03 | 1.34 | 1.57 | 0.86 | -1.35 | 1.09 | 1.16 | 1.25 | 1.07 |
| OPM % | 82.11% | 28.57% | 74.32% | 76.79% | 71.53% | 81.71% | 83.51% | 74.78% | -114.41% | 77.86% | 83.45% | 87.41% | 75.89% |
| Other Income | 0 | 2.84 | 1.71 | 2.12 | 2.78 | 0 | 0.25 | 0.14 | 4.3 | 0.29 | 0.26 | 0.15 | 0.34 |
| Interest | 0 | 0 | 0 | 0 | 0.11 | 0 | 0.07 | 0 | 0.06 | 0 | 0.05 | 0 | 0.04 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.02 | 0.17 | 0.09 | 0.1 | 0.11 | 0.11 | 0.1 | 0.12 | 0.11 | 0.12 |
| PBT | 1 | 2.89 | 2.25 | 2.96 | 3.53 | 1.25 | 1.65 | 0.89 | 2.78 | 1.28 | 1.25 | 1.29 | 1.25 |
| Tax % | 5% | 12.8% | 16% | 13.85% | 14.45% | 40% | 30.91% | 61.8% | 28.78% | 33.59% | 52.8% | 52.71% | 37.6% |
| Net Profit | 0.95 | 2.52 | 1.88 | 2.54 | 3.02 | 0.74 | 1.14 | 0.34 | 1.98 | 0.85 | 0.59 | 0.62 | 0.77 |
| EPS in Rs | 0.66 | 1.75 | 1.31 | 1.76 | 2.54 | 0.62 | 0.96 | 0.29 | 1.67 | 0.72 | 0.59 | 0.62 | 0.77 |
Profit & Loss
| Particulars | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.41 | 5.33 | 4.88 | 4.66 | 6.09 | 5.5 | 6.55 | 4.76 | 5.57 | 12.92 | 5.97 | 5.63 |
| Expenses | 0.94 | 0.8 | 0.53 | 0.51 | 0.78 | 0.79 | 0.86 | 0.77 | 0.66 | 1.02 | 3.39 | 1.06 |
| Operating Profit | 0.47 | 4.53 | 4.35 | 4.15 | 5.31 | 4.71 | 5.69 | 3.99 | 4.91 | 11.9 | 2.58 | 4.57 |
| OPM % | 33.33% | 84.99% | 89.14% | 89.06% | 87.19% | 85.64% | 86.87% | 83.82% | 88.15% | 92.11% | 43.22% | 81.17% |
| Other Income | 0.7 | 0.02 | -0.02 | -0.01 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 3.98 | 1.04 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.11 | 0.14 | 0.09 |
| Depreciation | 0.04 | 0.02 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.21 | 0.36 | 0.45 |
| PBT | 1.13 | 4.53 | 4.29 | 4.1 | 5.3 | 4.7 | 5.68 | 3.99 | 4.92 | 11.62 | 6.06 | 5.07 |
| Tax % | 0.88% | 21.19% | 16.78% | 22.2% | 28.68% | 28.94% | 16.2% | 11.28% | 8.54% | 14.29% | 24.92% | 38.07% |
| Net Profit | 1.12 | 3.57 | 3.57 | 3.19 | 3.79 | 3.34 | 4.77 | 3.54 | 4.5 | 9.96 | 4.55 | 3.13 |
| EPS in Rs | — | — | — | — | — | 2.32 | 3.31 | 2.46 | 3.12 | 8.37 | 3.84 | 3.14 |
| Div. Payout % | 21.21% | 13.31% | 19.96% | 22.34% | 18.8% | 21.53% | 15.07% | 10.16% | 7.99% | 2.98% | 6.52% | 3.99% |
Balance Sheet
| Particulars | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9.5 | 9.5 | 9.5 | 9.5 | 9.5 | 7.19 | 7.19 | 7.19 | 7.19 | 5.93 | 5.93 | 4.99 |
| Reserves | 17.19 | 20.19 | 22.88 | 25.19 | 28.14 | 25.42 | 29.3 | 32.4 | 36.47 | 39.53 | 43.72 | 32.65 |
| Borrowings | 0 | 0 | 0.01 | 2.25 | 2.25 | 2.15 | 1.88 | 1.66 | 1.4 | 1.12 | 0.79 | 0.42 |
| Other Liabilities | 0.34 | 0.97 | 1.38 | 1.14 | 1.4 | 1.14 | 1.12 | 0.82 | 0.85 | 0.98 | 0.86 | 0.39 |
| Total Liabilities | 27.03 | 30.66 | 33.77 | 38.08 | 41.29 | 35.9 | 39.49 | 42.07 | 45.91 | 47.56 | 51.3 | 38.45 |
| Fixed Assets | 0.57 | 0.56 | 0.57 | 4.31 | 4.57 | 4.96 | 5.19 | 5.39 | 5.56 | 12.94 | 13.15 | 12.51 |
| CWIP | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0.01 | 1.38 | 4.13 | 0 | 0 | 0 |
| Investments | 13.33 | 13.96 | 15.73 | 12.32 | 20.79 | 24.24 | 28.2 | 28.28 | 32.78 | 29.13 | 34.29 | 21.55 |
| Other Assets | 13.13 | 16.14 | 17.47 | 21.45 | 15.92 | 6.69 | 6.09 | 7.02 | 3.44 | 5.49 | 3.86 | 4.39 |
| Total Assets | 27.03 | 30.66 | 33.77 | 38.08 | 41.29 | 35.9 | 39.49 | 42.07 | 45.91 | 47.56 | 51.3 | 38.45 |
Cash Flow
| Particulars | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -4.62 | -7.22 | 5.07 | -5.26 | 5.96 | -2.24 | 0.3 | -0.83 | 2.82 | -0.96 | 4.15 | 4.19 |
| Investing | 10.38 | 1.91 | 1.03 | 3.97 | -5.87 | -0.39 | 0.63 | 1.63 | -2.33 | 9.22 | -3.89 | 4.16 |
| Financing | -0.28 | -0.28 | -0.54 | 1.43 | -0.83 | -0.84 | -0.84 | -0.86 | -0.43 | -8.24 | -0.36 | -8.31 |
| Net Cash Flow | 5.48 | -5.59 | 5.56 | 0.14 | -0.74 | -3.47 | 0.09 | -0.06 | 0.05 | 0.02 | -0.09 | 0.04 |
| Free Cash Flow | -4.36 | -7.23 | 5 | -9.06 | 5.66 | -2.66 | 1.06 | -2.45 | -0.23 | -4.42 | 5.57 | 3.98 |
| CFO/OP | -928 | -143 | 137 | -104 | 142 | -19 | 24 | -3 | 76 | 12 | 208 | 106 |
Ratios
| Particulars | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 12.53 | 0 | 0 | 0 | 0 | 0 | 20.06 | 24.46 | 23.99 |
| Cash Conversion Cycle | 0 | 0 | 0 | 12.53 | 0 | 0 | 0 | 0 | 0 | 20.06 | 24.46 | 23.99 |
| Working Capital Days | 1,571 | 981 | 559 | 964 | 415 | 199 | 150 | 284 | 20.31 | 41.81 | 17.73 | 7.78 |
| ROCE % | 2.97% | 16% | 13.89% | 11.86% | 13.8% | 12.59% | 15.53% | 10.02% | 11.4% | 25.6% | 8.68% | 11.66% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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54 extracted metrics + investor summaries across FY08–FY20.
Documents
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Company Information
Frontline Securities is registered as a Non Deposit taking Non-Systematically Important Non-Banking Financial Company (NBFC).
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