Frontier Springs Limited, a leading supplier of suspension products to Indian Railways, is expanding its forging and air spring capacity as demand continues to grow rapidly. The company is scaling up production to support increasing orders from passenger coach, freight wagon, and high-speed train manufacturing.
In the first half of FY26, Frontier Springs’ business delivered strong momentum, supported by higher volumes and improved operating performance. The company recorded 53% revenue growth in H1 FY26 and over 58% growth in Q2, reflecting robust demand from the railway sector. Profit after tax surged over 113% in H1, supported by better margins and higher efficiency.
Frontier Springs has significantly expanded its manufacturing capabilities, including the commissioning of its six-tonne forging hammer, which is now contributing meaningful output. This strengthens the company’s in-house forging capacity and reduces dependence on external suppliers. Its air spring division, one of the company’s most important segments, continues to gain traction with over 200,000 units supplied and zero field failures reported.
The management said it is confident of achieving ₹375 crore revenue in FY26, backed by a healthy order pipeline and rising demand for air springs, coil springs, and forged components. With new capacity and product additions planned, the company aims to scale to ₹500 crore revenue in FY27.
Demand for railway components is expected to remain strong due to India’s large-scale railway modernisation programme, including Vande Bharat trains, new LHB coaches, and expanded freight wagon production. Frontier Springs believes these long-term structural factors will support industry growth for the next 5-10 years.
The company is also developing new products such as the FIBA safety system, which is currently under testing and expected to be approved soon. This innovative safety device aims to improve braking performance and reduce derailment risk in railway coaches.
Frontier Springs continues to maintain a strong financial position with healthy margins and growing cash generation. EBITDA margins crossed 27% in Q2, driven by scaling efficiencies, better product mix, and stronger contribution from the forging division. The company’s balance sheet is also improving, supported by higher profit and reduced working capital pressure.
Frontier Springs, founded in 1981, is one of India’s top manufacturers of coil springs, air springs, forging components, and suspension parts used in railway coaches and wagons. The company supplies major rail production units and wagon manufacturers across the country and has built a strong reputation for reliability and long-term performance.
As railway production rises and new technology is adopted, Frontier Springs is positioning itself for sustained multi-year growth. With expanded capacity, strong margins, and increasing demand from Indian Railways, the company is preparing for a larger role in India’s modern rail infrastructure journey.
