Frontier Springs – has departed, whats the next destination?

Q225 Call Notes:

1. Mgmt. reiterates it’s topline guidance and thinks the current margins are maintainable.
2. Good order book on Coil Springs due to emergency procurement for LHB coaches.
3. New upcoming forging capacity also has received order from Railways.
4. No major capex planned and small incremental capex can support the growth guidance.
5. Air spring division keeps receiving regular orders and has received orders worth 50+ cr. on top of what was informed to exchange (and to be delivered by Dec’24).

Disc: Transactions in last month.