Frontline Corporation Ltd.
Snapshot View

29.80 ▼0%

19 May 2022, 04:01:00 PM

Overview View Details

Sector Logistics Compare with Sector peers
Industry Logistics Compare with Industry peers
Website http://www.frontlinecorporation.com
Market Cap 14.90 Cr.
Enterprise Value(EV) 64.67 Cr. 2021-09
Financial Indicators
Earnings per share (EPS) 5.02 Trailing Twelve Months Ending 2021-12
Price-Earning Ratio (PE) 5.93 Trailing Twelve Months Ending 2021-12
Industry PE 88.26 Trailing Twelve Months Ending 2021-12
Book Value / Share 17.39 Trailing Twelve Months Ending 2021-12
Price to Book Value 1.71 Calculated using Price: 29.80
Dividend Yield 0.00 Period Ending 2021-03
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
1 Week
+4.56%
1 Month
-1.32%
3 Month
+3.65%
6 Month
+77.91%
1 Year
+273.43%
2 Year
+148.33%
5 Year
+85.09%
10 Year
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) -12.67 -1.45 -17.03 -55.58 15.52 30.09 -4.64 -15.16 17.48
Return on Capital Employed (%) 3.91 8.35 5.89 0.37 12.87 4.94 0.12 -0.92 2.94
Return on Assets (%) -1.98 -0.23 -2.54 -5.84 1.18 2.68 -0.46 -1.45 1.83

Balance Sheet View Details

Particulars 10 years 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. 2021-03 Rs. Cr. 2021-09* Rs. Cr.
Shh. Funds 12 12 10 6 5 7 7 6 7 8
Non Curr. Liab. 4 1 0 7 -1 2 0 -1 -1 -2
Curr. Liab. 61 59 62 61 66 64 64 60 55 55
Minority Int.
Equity & Liab. 77 73 72 74 70 73 71 65 61 61
Non Curr. Assets 44 38 40 48 36 38 37 37 36 36
Curr. Assets 32 34 32 25 34 36 35 27 24 25
Misc. Exp. not W/O
Total Assets 77 73 72 74 70 73 71 65 61 61

Profit Loss View Details

Particulars 10 years 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. 2021-03 Rs. Cr. 2021-12 Rs. Cr. TTM
Net Sales 44 42 38 38 43 44 47 48 59 72
Other Income 4 4 2 1 10 4 3 3 3 4
Total Income 48 46 39 39 53 49 49 52 62 76
Total Expenditure -43 -40 -36 -38 -46 -44 -47 -50 -58 -71
PBIDT 4 6 4 1 7 4 2 1 4 5
Interest -7 -6 -5 -5 -5 -1 -1 -1 0 0
Depreciation -2 -2 -1 -1 -1 -1 -2 -2 -2 -2
Taxation 3 1 0 1 0 0 0 0 0 -1
Exceptional Items 0 0 0 0 0
PAT -2 0 -2 -4 1 2 0 -1 1 3
Adjusted EPS -3 0 -4 -9 2 4 -1 -2 2 5

Cash Flow View Details

Particulars 10 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. 2021-03 Rs. Cr.
Cash Fr. Operatn. 5 19 2 -2 14 4 -1 0 0 0
Cash Fr. Inv. -4 -4 8 0 -2 1 -2 1 2 2
Cash Fr. Finan. 0 -17 -9 2 -12 -5 3 -1 -1 -2
Net Change 0 -2 0 0 0 0 0 0 1 0
Cash & Cash Eqvt 3 1 1 1 1 0 1 1 1 1

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 48.63 48.63 48.63 48.63 48.63 48.63 48.63 48.63 48.63
Public 51.37 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 1.45 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Tue, 10 May 2022
Successful Commandment Of Generation Of Wind Energy Of Wind Energy Of Our Wind Mill HTSC No. 232 Bonus Make 320 Kwh At Gudimangalamsite Near Coimbatore.
Successful commandment of generation of wind energy of wind energy of our wind mill HTSC No. 232 Bonus Make 320 Kwh at Gudimangalamsite near Coimbatore.
Mon, 09 May 2022
Intimation Under Regulation 30 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 For Receiving Work Order From GHCL Limited For Transportation Of Salt For Transportation Of Approx. 40 000 MT In Gujarat
Pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 we wish to inform you that we have received a contract from GHCL Limited for Transportation of Salt for transportation of approx. 40 000 MT in Gujarat for a period upto 31.07.2022.We request you to kindly acknowledge receipt of the same for your information and records.
Thu, 28 Apr 2022
Announcement under Regulation 30 (LODR)-Newspaper Publication
Please find enclosed the yearly disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011 from Promoter of the Company for the year ended on 31st March 2022 for your kind perusal and records.You are requested to take the same on your record.

Technical Scans View Details

Thu, 19 May 2022
Higher Delivery Quantity Higher Delivery Quantity
Higher Trade Quantity Higher Trade Quantity
Higher Trade and Delivery Quantity Higher Trade and Delivery Quantity
Closing Above Previous High Closing Above Previous High
Close Within 52 Week High Zone Close Within 52 Week High Zone

Related Stocks View Details

Stock Name Market Cap(Rs. Cr.) LTP Chg %
Adani Ports and Special Economic Zone Ltd. 155,259.43 762.85 +4.1%
Container Corporation Of India Ltd. 37,023.77 567.15 -6.5%
Blue Dart Express Ltd. 16,806.97 7,199.45 +1.1%
Allcargo Logistics Ltd. 7,562.51 316.00 +2.5%
Aegis Logistics Ltd. 7,039.31 210.00 +4.8%
TCI Express Ltd. 5,993.69 1,569.05 +0.8%
The Great Eastern Shipping Company Ltd. 5,956.25 422.10 +0.9%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Adani Ports and Special Economic Zone Ltd. Consolidated 2021-12 30.94 762.85 +4.1%
Container Corporation Of India Ltd. Consolidated 2021-12 44.98 567.15 -6.5%
Blue Dart Express Ltd. Consolidated 2022-03 43.97 7,199.45 +1.1%
Allcargo Logistics Ltd. Consolidated 2021-12 10.32 316.00 +2.5%
Aegis Logistics Ltd. Consolidated 2021-12 21.45 210.00 +4.8%
TCI Express Ltd. Standalone 2021-12 44.23 1,569.05 +0.8%
The Great Eastern Shipping Company Ltd. Consolidated 2022-03 9.46 422.10 +0.9%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Adani Ports and Special Economic Zone Ltd. Consolidated 2021-12 4.80 762.85 +4.1%
Container Corporation Of India Ltd. Consolidated 2021-12 3.37 567.15 -6.5%
Blue Dart Express Ltd. Consolidated 2022-03 19.27 7,199.45 +1.1%
Allcargo Logistics Ltd. Consolidated 2021-12 2.55 316.00 +2.5%
Aegis Logistics Ltd. Consolidated 2021-12 3.15 210.00 +4.8%
TCI Express Ltd. Standalone 2021-12 11.49 1,569.05 +0.8%
The Great Eastern Shipping Company Ltd. Consolidated 2022-03 0.74 422.10 +0.9%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Adani Ports and Special Economic Zone Ltd. Consolidated 2021-03 1.14 762.85 +4.1%
Container Corporation Of India Ltd. Consolidated 2021-03 0.01 567.15 -6.5%
Blue Dart Express Ltd. Consolidated 2021-03 1.01 7,199.45 +1.1%
Allcargo Logistics Ltd. Consolidated 2021-03 0.77 316.00 +2.5%
Aegis Logistics Ltd. Consolidated 2021-03 0.23 210.00 +4.8%
TCI Express Ltd. Standalone 2021-03 0.00 1,569.05 +0.8%
The Great Eastern Shipping Company Ltd. Consolidated 2021-03 0.65 422.10 +0.9%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Adani Ports and Special Economic Zone Ltd. Consolidated 2021-03 18.00 762.85 +4.1%
Container Corporation Of India Ltd. Consolidated 2021-03 4.64 567.15 -6.5%
Blue Dart Express Ltd. Consolidated 2021-03 18.81 7,199.45 +1.1%
Allcargo Logistics Ltd. Consolidated 2021-03 3.53 316.00 +2.5%
Aegis Logistics Ltd. Consolidated 2021-03 14.39 210.00 +4.8%
TCI Express Ltd. Standalone 2021-03 26.24 1,569.05 +0.8%
The Great Eastern Shipping Company Ltd. Consolidated 2021-03 12.67 422.10 +0.9%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Adani Ports and Special Economic Zone Ltd. Consolidated 2021-03 18.00 762.85 +4.1%
Container Corporation Of India Ltd. Consolidated 2021-03 4.64 567.15 -6.5%
Blue Dart Express Ltd. Consolidated 2021-03 18.81 7,199.45 +1.1%
Allcargo Logistics Ltd. Consolidated 2021-03 3.53 316.00 +2.5%
Aegis Logistics Ltd. Consolidated 2021-03 14.39 210.00 +4.8%
TCI Express Ltd. Standalone 2021-03 26.24 1,569.05 +0.8%
The Great Eastern Shipping Company Ltd. Consolidated 2021-03 12.67 422.10 +0.9%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Adani Ports and Special Economic Zone Ltd. Consolidated 2021-03 12,549.60 762.85 +4.1%
Container Corporation Of India Ltd. Consolidated 2021-03 6,427.08 567.15 -6.5%
Blue Dart Express Ltd. Consolidated 2021-03 3,288.13 7,199.45 +1.1%
Allcargo Logistics Ltd. Consolidated 2021-03 10,498.10 316.00 +2.5%
Aegis Logistics Ltd. Consolidated 2021-03 3,843.46 210.00 +4.8%
TCI Express Ltd. Standalone 2021-03 843.99 1,569.05 +0.8%
The Great Eastern Shipping Company Ltd. Consolidated 2021-03 3,336.55 422.10 +0.9%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Adani Ports and Special Economic Zone Ltd. Consolidated 2021-03 5,063.01 762.85 +4.1%
Container Corporation Of India Ltd. Consolidated 2021-03 469.30 567.15 -6.5%
Blue Dart Express Ltd. Consolidated 2021-03 101.81 7,199.45 +1.1%
Allcargo Logistics Ltd. Consolidated 2021-03 78.13 316.00 +2.5%
Aegis Logistics Ltd. Consolidated 2021-03 249.22 210.00 +4.8%
TCI Express Ltd. Standalone 2021-03 100.60 1,569.05 +0.8%
The Great Eastern Shipping Company Ltd. Consolidated 2021-03 918.52 422.10 +0.9%