Frontline Corporation Ltd.
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18.55 +0.70 ▲3.9%

05 August 2021, 04:00:00 P.M.
Volume: 506

Overview View Details

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Website http://www.frontlinecorporation.com
Financial Indicators
Market Cap 9.28 Cr.
Earnings per share (EPS) 2.29 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 8.09 Trailing Twelve Months Ending 2021-03
Industry PE 109.57 Trailing Twelve Months Ending 2021-03
Book Value / Share 14.34 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.29 Calculated using Price: 18.55
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 0.50 Cr. 5,000,000 Shares
FaceValue 10
Company Profile

Frontline Corporation (FCL) established in 1989, is the flagship company of well-known Agarwal Group. With unrelenting perseverance and far reaching vision, the initial ventures into coal trading led to financing blossomed fast. Under the dynamic and principled leadership, the company flourished and what started out as a small venture soon spread to all parts of West Bengal and Bihar. By the end of the 50’s the company emerged as one of the few respected and leading coal trading companies in eastern India.

The company’s business is spread over a varied sectors; it is engaged in wind energy, coal & coke, industrial chemicals, warehousing, refractories, automotive components, and transportation.

FCL has more than 15 years of experience in the field of bulk transportation. It is head-quartered at Ahmedabad and having its network all over the country. It has a track record of continuous profit making since inception. It is mainly into the business of bulk transportation, trading of auto components, manufacturing of refractory items and wind energy generation. Its total turnover exceeded Rs. 100 crore for 2004-05.

FCL manages a fleet of more than 500 HCVs for only corporate clients for transportation activities for raw materials and finished products of corporates like - Gujarat Heavy Chemicals Ltd., L&T Cement, Haldia Petro Chemicals Ltd., Birla Copper, Indo Gulf Fertilizers etc. It has dealership of reputed Auto components brands – MICO and Mahindra & Mahindra (M&M). It has also ventured into the lucrative Wind Energy business.

The company is envisaging significant restructuring of its transportation business and is planning to invest significantly in other higher businesses like auto components as well. Also, with eind rnergy business becoming more lucrative the company has ambitious plans for this sector.

Different divisions of the company

  • Wind Energy -There is a large growing demand in the country for Energy and any measure to reduce the dependence of depleting fossil fuels is harbinger not only towards sustainable development but also energy security. Wind power provides cost-effective part of the solution to global warming.FCL has installed capacity of 725 Kwh and the power generated is sold to TNEB. Projects generating energy through renewable sources and help in reduction of GHG are eligible for CERs (Carbon Emission Reduction) under Clean Development Mechanism (CDM) under Kyoto Protocol. We are in the process of getting the project registered under CDM.
  • Coal& Coke - FCL has also ventured into the trading of steaming coal, coking coal and low ash metallurgical coke (LAM). It has developed expertise to provide customized commercial transportation and logistical solutions for handling large consignments of coal and coke.
  • Industrial Chemicals -FCL is consignee distributor of Gujarat Heavy Chemicals Ltd. (GHCL), which is one of the largest manufacturers of Industrial soda ash in the country. The company has a large stockyard of soda ash at Howrah near Kolkata from where a large number of steel, fertilizer, chemical, silicate and glass, manufacturing plants are serviced and supplied soda ash.
  • Refractories -FCL has entered into the field of manufacturing of refractory products. It is manufacturing High Grog, Hi-Aluminas, Mullit, 90% Alumina refractories, Castables of all varities Romming Mass, Mortar etc. For this, it has got modern manufacturing facilities including three shuttle kilns made as per design and drawing from a German company. The products are being supplied to most of the coke-oven plants, steel units, cement plants, etc. in India.
  • Automotive Components -FCL is the main dealer cum service agent of the reputed MICO brand automotive components. It has established excellent infrastructure facilities to cater to the demand of this brand. A sales and service station has been set up in the commercial heart of Ahmedabad city. A centrally positioned Godown with sufficient inventory has been set up and to provide timely supplies to its clients in both the wholesale and retail segments, it has arranged for ready-to-deliver mobility. Also, a 24-hour workshop is being operated to provide dependable and prompt services for repairs and maintenance of MICO products. The business has been flourishing since beginning.
  • Transportation - Frontline Corporation Ltd (FCL) is today, one of India’s largest transport companies managing a fleet of over 500 trucks catering to the customized needs of bulk handling and transportation of cargo throughout the country. It has branches right across the country. The company has carved an enviable reputation for itself in various operations.

Associates of the company include:

  • Fairdeal Supplies Pvt. Ltd. (FDSPL) :It is the main group company of FCL and is a Private Limited Company. Its business activities include – Manufacturing / Trading of Coal / Coke and Wind Energy Generation. The total turnover exceeded Rs. 200 crore for 2004-05.
  • Falgun Exports Pvt. Ltd.: Its main business activities include – Trading in Shares, Loan Transfer and Wind Energy Generation.
  • Neha Trades & Finance Pvt. Ltd.: Its main business activities include – Trading in Industrial Items and Wind Energy Generation.
  • Nova Impex Pvt. Ltd.: Its main commercial activity is maintenance and rentals of godowns, which the Group constructs and leases out to large, reputed Corporations.
  • Fair Chemical & Marketing: Its main operation is marketing of Soda Ash in the Eastern region, head-quartered at the Kolkata office.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+3.92%
1 Week
+23.91%
1 Month
+119.79%
3 Month
+90.26%
6 Month
+56.54%
1 Year
+55.36%
2 Year
+54.58%
5 Year
-28.65%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) -15.74 -12.67 -1.45 -17.03 -55.58 15.52 30.09 -4.64 -15.16
Return on Capital Employed (%) 5.76 3.91 8.35 5.89 0.37 12.87 4.94 0.12 -0.92
Return on Assets (%) -2.56 -1.98 -0.23 -2.54 -5.84 1.18 2.68 -0.46 -1.45

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 14 12 12 10 6 5 7 7 6
Non Curr. Liab. 8 4 1 0 7 -1 2 0 -1
Curr. Liab. 64 61 59 62 61 66 64 64 60
Minority Int.
Equity & Liab. 86 77 73 72 74 70 73 71 65
Non Curr. Assets 46 44 38 40 48 36 38 37 37
Curr. Assets 40 32 34 32 25 34 36 35 27
Misc. Exp. not W/O
Total Assets 86 77 73 72 74 70 73 71 65

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 70 44 42 38 38 43 44 47 48
Other Income 2 4 4 2 1 10 4 3 3
Total Income 71 48 46 39 39 53 49 49 52
Total Expenditure -65 -43 -40 -36 -38 -46 -44 -47 -50
PBIDT 6 4 6 4 1 7 4 2 1
Interest -7 -7 -6 -5 -5 -5 -1 -1 -1
Depreciation -2 -2 -2 -1 -1 -1 -1 -2 -2
Taxation 1 3 1 0 1 0 0 0 0
Exceptional Items 0 0 0 0 0 0
PAT -2 -2 0 -2 -4 1 2 0 -1

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 5 19 2 -2 14 4 -1 0 0
Cash Fr. Inv. -4 -4 8 0 -2 1 -2 1 2
Cash Fr. Finan. 0 -17 -9 2 -12 -5 3 -1 -1
Net Change 0 -2 0 0 0 0 0 0 1
Cash & Cash Eqvt 3 1 1 1 1 0 1 1 1

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 47.63 48.63 48.63 48.63 48.63 48.63 48.63 48.63 48.63
Public 52.37 51.37 51.37 51.37 51.37 51.37 51.37 51.37 51.37
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 1.45 0.00 0.00 0.00

Announcements View Details

Thu, 05 Aug 2021
Board Meeting Intimation for Quarterly Results For The Quarter Ended On 30Th June 2021
FRONTLINE CORPORATION LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2021 inter alia to consider and approve To consider the Quarterly results for the quarter ended on 30th June 2021 and Limited review report for the quarter ended on 30th June 2021 and other matters.
Thu, 08 Jul 2021
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
Certificate under Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations 2018 for the Quarter ended 30th June 2021.
Thu, 08 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- suresh kumar verma
Designation :- Company Secretary and Compliance Officer

Technical Scans View Details

Thu, 05 Aug 2021
Close Crossing 52 Week High Close Crossing 52 Week High
Opening at Low Opening at Low
Closing Above Previous High Closing Above Previous High
Closing Above Previous High For 3 Days Closing Above Previous High For 3 Days
Making Higher Highs for 3 days Making Higher Highs for 3 days

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