About Frontline Corporation
Frontline Corporation is a publicly listed company based in Ahmedabad (India) founded in 1989. Provider of integrated logistics and trucking services. Its Indian entity Frontline Corporation Limited reported revenue of ₹122 Cr. Frontline Corporation offers products and services including Transport Services, Wind Energy Generation, and Automotive Trading. Its focus areas include Transportation and Logistics, Trucking, Truck Load Carriers and FTL Carriers. Its competitors include Pristine Logistics & InfraProjects, Inlogistics and Spear Logistics; 3 of its 3 listed competitors have raised funding.
Company details
Frontline Corporation provider of integrated logistics and trucking services, focusing on transportation and logistics, trucking, truck load carriers, and ftl carriers. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Ahmedabad, India
- Stage Public
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website frontlinecorporation.org
- Social LinkedIn
- Legal Name Frontline Corp. Ltd.
- Market Cap₹16.51 Cr
FRONTCORP · BSE
- Share Price₹34.60
+4.78% today
- Revenue₹118 Cr
FY 2025-26 · +13.8% YoY
- EBITDA₹2.73 Cr
Margin 2.3%
- Net Profit₹2.04 Cr
FY 2025-26 · +24.4% YoY
- P/E (TTM)6.6x
P/B 1.0x
- ROE12.2%
ROCE 4.9%
- Debt / Equity3.38
Interest cover 168.0x
Associated legal entities of Frontline Corporation
Frontline Corporation operates through Frontline Corporation Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Frontline Corporation Limited Listed CIN L63090WB1989PLC099645 | Active | 04 Dec 1989 | Kolkata, West Bengal | ₹122 Cr | 64 | 10 | View details |
Products & Services of Frontline Corporation
Frontline Corporation offers a comprehensive portfolio of products and services, including Transport Services, Wind Energy Generation, and Automotive Trading.
Provides transportation and logistic solutions across regions.
Generates energy through wind mill operations.
Handles automotive aftermarket components and sales.
Board of directors of Frontline Corporation Limited (Frontline Corporation)
Frontline Corporation Limited is the primary company behind Frontline Corporation. The board of Frontline Corporation Limited currently have 8 directors; the longest-serving is Pawankumar Agarwal, appointed in 1989. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pawankumar Agarwal DIN 00060418 | Managing Director | 04 Dec 1989 | 36 yrs 10 mo | Frontline Corporation Limited |
| Ram Prasad Agarwala DIN 00060359 | Director | 04 Dec 1989 | 36 yrs 10 mo | Frontline Corporation Limited |
| Narayan Prasad Agarwal DIN 00060384 | Director | 04 Dec 1989 | 36 yrs 10 mo | Frontline Corporation Limited |
| Saurabh Jhunjhunwala DIN 00060432 | Director | 01 Dec 1999 | 26 yrs 10 mo | Frontline Corporation Limited |
| Dipika Pradeep Soni DIN 08846908 | Director | 25 Aug 2020 | 6 yrs 2 mo | Frontline Corporation Limited |
| Dipen Ashit Dalal DIN 09219731 | Director | 29 Jun 2021 | 5 yrs 4 mo | Frontline Corporation Limited |
| Ummay Amen Mashraqi DIN 10594350 | Director | 30 May 2024 | 2 yrs 5 mo | Frontline Corporation Limited |
| Neetu Jalan DIN 08719470 | Director | 22 Apr 2025 | 1 yr 6 mo | Frontline Corporation Limited |
IPO & Listings of Frontline Corporation
Frontline Corporation is a publicly listed company on the BSE with ticker symbol FRONTCORP in India, operating in the Distribution services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date10 Jul 1996
- Listed onBSE: 532042
- Listed entityFrontline Corp. Ltd.
- Exchange sectorDistribution services
- ISININE092D01013
- Share price₹33.60 (+5% on the day) · 2026-10-14
- Volume (last session)51
Financials of Frontline Corporation
Exchange-reported figures of Frontline Corporation Limited, the listed company behind Frontline Corporation (BSE: FRONTCORP).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 118 | 104 | 87.85 | 76.68 | 71.75 | 58.60 | 48.47 |
| Revenue growth | +13.8% | +18.3% | +14.6% | +6.9% | +22.4% | +20.9% | - |
| EBITDA | 2.73 | 2.25 | 0.04 | 0.83 | 0.37 | 0.58 | (1.78) |
| EBITDA margin | +2.3% | +2.2% | +0.1% | +1.1% | +0.5% | +1.0% | -3.7% |
| Profit before tax | 3.08 | 3.59 | 1.57 | 3.53 | 1.85 | 1.30 | (1.16) |
| Net profit | 2.04 | 1.64 | 0.99 | 1.98 | 1.45 | 1.10 | (1.03) |
| Net profit margin | +1.7% | +1.6% | +1.1% | +2.6% | +2.0% | +1.9% | -2.1% |
| EPS (₹) | 4.84 | 5.80 | 2.44 | 5.44 | 2.91 | 2.30 | (1.98) |
| Balance sheet | |||||||
| Total assets | 73.08 | 72.62 | 69.52 | 60.47 | 57.44 | 58.69 | 58.73 |
| Net worth | 17.86 | 15.39 | 12.50 | 11.34 | 8.59 | 7.15 | 5.98 |
| Total debt | 55.22 | 57.23 | 57.02 | 49.14 | 48.85 | 51.54 | 52.76 |
| Cash & bank | 1.11 | 1.53 | 0.96 | 0.80 | 0.88 | 1.29 | 1.04 |
| Net working capital | 22.03 | 20.61 | 16.62 | 17.93 | 17.47 | 17.50 | 17.52 |
| Cash flow | |||||||
| Cash from operations | 1.18 | 0.02 | (2.36) | (0.98) | 2.30 | 0.10 | 0.08 |
| Cash from investing | 1.25 | 1.18 | (5.11) | 0.73 | 0.26 | 1.78 | 1.66 |
| Cash from financing | (2.85) | (0.63) | 7.63 | 0.18 | (2.97) | (1.63) | (1.21) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 28.34 | 33.05 | 27.96 | 25.86 | 31.49 | 28.50 | 25.34 | 25.26 |
| Revenue growth (YoY) | -10.0% | +16.0% | +10.3% | +2.4% | +26.7% | - | - | - |
| Other income | 0.78 | 1.10 | 0.78 | 0.81 | 0.73 | 1.70 | 0.81 | 1.07 |
| Total expenses | 27.34 | 32.33 | 27.38 | 25.21 | 30.70 | 28.14 | 24.56 | 24.58 |
| EBITDA | 1.00 | 0.72 | 0.58 | 0.65 | 0.79 | 0.36 | 0.78 | 0.68 |
| EBITDA margin | +3.5% | +2.2% | +2.1% | +2.5% | +2.5% | +1.3% | +3.1% | +2.7% |
| Depreciation | 0.55 | 0.56 | 0.58 | 0.54 | 0.56 | 0.74 | 0.49 | 0.49 |
| Interest | 0.20 | 0.24 | 0.18 | 0.20 | 0.22 | 0.25 | 0.18 | 0.20 |
| Profit before tax | 1.03 | 1.02 | 0.60 | 0.72 | 0.74 | 1.07 | 0.92 | 1.06 |
| Tax | 0.23 | 0.18 | 0.13 | 0.18 | 0.17 | 0.19 | 0.22 | 0.14 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 28.34 | 33.05 | 27.96 | 25.86 | 31.49 | 28.50 | 25.34 | 25.26 |
| Revenue growth (YoY) | -10.0% | +16.0% | +10.3% | +2.4% | +26.7% | - | - | - |
| Other income | 0.78 | 1.10 | 0.78 | 0.81 | 0.73 | 1.70 | 0.81 | 1.07 |
| Total expenses | 27.34 | 32.33 | 27.38 | 25.21 | 30.70 | 28.14 | 24.56 | 24.58 |
| EBITDA | 1.00 | 0.72 | 0.58 | 0.65 | 0.79 | 0.36 | 0.78 | 0.68 |
| EBITDA margin | +3.5% | +2.2% | +2.1% | +2.5% | +2.5% | +1.3% | +3.1% | +2.7% |
| Depreciation | 0.55 | 0.56 | 0.58 | 0.54 | 0.56 | 0.74 | 0.49 | 0.49 |
| Interest | 0.20 | 0.24 | 0.18 | 0.20 | 0.22 | 0.25 | 0.18 | 0.20 |
| Profit before tax | 1.03 | 1.02 | 0.60 | 0.72 | 0.74 | 1.07 | 0.92 | 1.06 |
| Tax | 0.23 | 0.18 | 0.13 | 0.18 | 0.17 | 0.19 | 0.22 | 0.14 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 118 | 104 | 87.85 | 76.68 | 71.75 | 58.60 | 48.47 |
| Revenue growth | +13.8% | +18.3% | +14.6% | +6.9% | +22.4% | +20.9% | - |
| Other income | 3.42 | 4.37 | 3.36 | 4.40 | 3.51 | 3.15 | 3.18 |
| Total expenses | 116 | 102 | 87.81 | 75.85 | 71.38 | 58.02 | 50.25 |
| Employee cost | 6.38 | 5.70 | 5.38 | 4.91 | 4.87 | 4.52 | 4.71 |
| EBITDA | 2.73 | 2.25 | 0.04 | 0.83 | 0.37 | 0.58 | (1.78) |
| EBITDA margin | +2.3% | +2.2% | +0.1% | +1.1% | +0.5% | +1.0% | -3.7% |
| Depreciation | 2.23 | 2.19 | 1.61 | 1.59 | 1.75 | 2.01 | 1.94 |
| Interest | 0.84 | 0.84 | 0.22 | 0.11 | 0.28 | 0.42 | 0.62 |
| Profit before tax | 3.08 | 3.59 | 1.57 | 3.53 | 1.85 | 1.30 | (1.16) |
| Tax | 0.66 | 0.69 | 0.35 | 0.81 | 0.39 | 0.16 | (0.18) |
| Net profit | 2.04 | 1.64 | 0.99 | 1.98 | 1.45 | 1.10 | (1.03) |
| Net profit margin | +1.7% | +1.6% | +1.1% | +2.6% | +2.0% | +1.9% | -2.1% |
| EPS (₹) | 4.84 | 5.80 | 2.44 | 5.44 | 2.91 | 2.30 | (1.98) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 4.98 | 4.98 | 4.98 | 4.98 | 4.98 | 4.98 | 4.98 |
| Reserves & surplus | 12.88 | 10.41 | 7.52 | 6.36 | 3.61 | 2.17 | 1.00 |
| Shareholders' funds (net worth) | 17.86 | 15.39 | 12.50 | 11.34 | 8.59 | 7.15 | 5.98 |
| Secured loans | 51.50 | 54.48 | 55.83 | 48.20 | 48.07 | 49.32 | 50.32 |
| Unsecured loans | 3.72 | 2.75 | 1.19 | 0.94 | 0.78 | 2.22 | 2.44 |
| Total debt | 55.22 | 57.23 | 57.02 | 49.14 | 48.85 | 51.54 | 52.76 |
| Total liabilities | 73.08 | 72.62 | 69.52 | 60.47 | 57.44 | 58.69 | 58.73 |
| Assets | |||||||
| Gross block | 44.28 | 44.99 | 45.79 | 41.28 | 40.87 | 40.47 | 40.16 |
| Net block | 32.50 | 34.80 | 34.07 | 29.88 | 30.65 | 31.99 | 33.62 |
| Capital work in progress | 0.88 | 0.40 | 2.24 | 0.57 | 0.28 | 0.03 | 0.00 |
| Investments | 0.61 | 0.38 | 1.00 | 2.32 | 0.65 | 0.96 | 0.07 |
| Inventories | 12.71 | 10.53 | 8.75 | 6.87 | 5.07 | 4.21 | 6.72 |
| Sundry debtors | 11.27 | 11.15 | 9.23 | 8.14 | 8.16 | 9.14 | 7.60 |
| Cash & bank balances | 1.11 | 1.53 | 0.96 | 0.80 | 0.88 | 1.29 | 1.04 |
| Loans & advances | 8.89 | 6.82 | 5.37 | 8.12 | 9.26 | 8.70 | 11.80 |
| Total current assets | 33.98 | 30.03 | 24.31 | 23.93 | 23.37 | 23.34 | 27.16 |
| Total current liabilities | 11.95 | 9.42 | 7.69 | 6.00 | 5.90 | 5.84 | 9.64 |
| Net working capital | 22.03 | 20.61 | 16.62 | 17.93 | 17.47 | 17.50 | 17.52 |
| Total assets | 73.08 | 72.62 | 69.52 | 60.47 | 57.44 | 58.69 | 58.73 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.53 | 0.96 | 0.80 | 0.88 | 1.29 | 1.04 | 0.52 |
| Net cash from operating activities | 1.18 | 0.02 | (2.36) | (0.98) | 2.30 | 0.10 | 0.08 |
| Net cash from investing activities | 1.25 | 1.18 | (5.11) | 0.73 | 0.26 | 1.78 | 1.66 |
| Net cash from financing activities | (2.85) | (0.63) | 7.63 | 0.18 | (2.97) | (1.63) | (1.21) |
| Net change in cash | (0.42) | 0.57 | 0.16 | (0.08) | (0.41) | 0.25 | 0.52 |
| Closing cash | 1.11 | 1.53 | 0.96 | 0.80 | 0.88 | 1.29 | 1.04 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +13.8% | +18.3% | +14.6% | +6.9% | +22.4% | +20.9% | - |
| EBITDA growth | +21.3% | +5525.0% | -95.2% | +124.3% | -36.2% | +132.6% | - |
| PBT growth | -14.2% | +128.7% | -55.5% | +90.8% | +42.3% | +9998.0% | -127.5% |
| Net income growth | +24.4% | +65.7% | -50.0% | +36.6% | +31.8% | +206.8% | - |
| Revenue CAGR (3Y) | +15.6% | +13.2% | +14.5% | +16.5% | +15.5% | +9.8% | +3.8% |
| EBITDA CAGR (3Y) | +48.7% | +82.5% | -59.0% | - | - | - | -7.0% |
| Profitability & leverage | |||||||
| Net income margin | +2.0% | +2.8% | +1.4% | +3.6% | +2.0% | +2.0% | -2.0% |
| Return on capital employed | +4.9% | +4.7% | +2.3% | +4.5% | +3.7% | +3.0% | -0.9% |
| Return on net worth | +12.2% | +11.7% | +8.3% | +19.8% | +18.4% | +17.5% | -15.2% |
| Debt / equity | 3.38 | 4.10 | 4.45 | 4.92 | 6.38 | 7.94 | 8.15 |
| Long-term debt / equity | 0.35 | 0.57 | 0.41 | 0.08 | 0.20 | 0.41 | 0.52 |
| Interest cover | 168.00 | 1,400.00 | -14.01 | -14.47 | -20.29 | -29.37 | -16.67 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.65 | 2.29 | 2.02 | 1.87 | 1.76 | 1.45 | 1.24 |
| Inventory turnover | 10.19 | 10.78 | 11.25 | 12.84 | 15.46 | 10.72 | 6.07 |
| Debtors turnover | 10.56 | 10.20 | 10.12 | 9.41 | 8.29 | 7.00 | 6.06 |
| EPS (₹) | 4.84 | 5.80 | 2.44 | 5.44 | 2.91 | 2.30 | (1.98) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 35.88 | 30.92 | 25.11 | 22.77 | 17.25 | 14.36 | 12.00 |
Competitors of Frontline Corporation
Frontline Corporation has 3 listed competitors in our database, 3 of them funded. They include Pristine Logistics & InfraProjects, Inlogistics and Spear Logistics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pristinelogistics.com | 2009 | Delhi, India | $94.5M | 151 | Road transportation and freight forwarding services are provided. | |
| inlogistics.in | 2006 | Delhi, India | $40.55M | 32 | Full truckload transportation services are provided across India. | |
| spearlog.com | 2001 | Pune, India | $7.57M | 2,402 | Provider of contract logistics and road freight forwarding services |
Detailed competitors of Frontline Corporation
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Web traffic of Frontline Corporation
Websites that share an audience with Frontline Corporation (frontlinecorporation.org).
Websites whose visitors overlap most with Frontline Corporation. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| google.com | 100% | 85.8B | #1 | View details |
Top companies in Trucking
2 companies that operate in the same segment as Frontline Corporation (Trucking) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Multimodal logistics and supply chain solutions are provided comprehensively. | 1958 | Gurugram, Haryana, India | USD 524.07 M | 13,460 | ||
Integrated supply chain and mobility solutions are provided globally. | 2009 | Mumbai, Maharashtra, India | USD 33.05 M | USD 745.97 M | 4,100 |
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Frequently Asked Questions about Frontline Corporation
Frontline Corporation was founded in 1989.
Frontline Corporation is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
The primary company behind Frontline Corporation, Frontline Corporation Limited, reported revenue of ₹122 Cr for FY 2026, up 14% year on year.
Frontline Corporation provider of integrated logistics and trucking services, focusing on transportation and logistics, trucking, truck load carriers, and ftl carriers. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
Frontline Corporation's top competitors include Pristine Logistics & InfraProjects, Inlogistics and Spear Logistics.
Frontline Corporation offers Transport Services, Wind Energy Generation, and Automotive Trading.
Yes, Frontline Corporation is publicly traded on BSE under the ticker symbol FRONTCORP.
Frontline Corporation operates through Frontline Corporation Limited.
The legal entities of Frontline Corporation currently have 10 directors, including Pawankumar Agarwal, Dipika Pradeep Soni, Dipen Ashit Dalal and others.