Frontline Corporation Limited

BSE: 532042
Frontline Corporation Limited - financial services in Kolkata, West Bengal, India. FY 2026 financials & compliance.
CIN L63090WB1989PLC099645 Incorporated 04 December 1989 ROC Kolkata HQ Kolkata, West Bengal, India
Active Listed - BSE: 532042 Public Limited Company financial services MSME · Medium
Data last updated
Market Cap
₹17.38 Cr
FRONTCORP · BSE
Share Price
₹33.02
-4.98% 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
ROE
12.2%
ROCE 4.9%
Debt / Equity
3.38
Interest cover 168.0x

About Frontline Corporation Limited

Data last updated:

Frontline Corporation Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 04 December 1989 and has been in existence for over 37 years.

The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L63090WB1989PLC099645. Its GSTIN is 19AAACF2403M1ZQ (West Bengal). The company holds 6 GST registrations, of which 3 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532042.

The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹4.98 Cr. It is led by directors including Pawankumar Agarwal (Managing Director) and Dipika Pradeep Soni.

Its last annual general meeting (AGM) was held on 04 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 4 B.B.D. Bag (East) Stephen House Room No – 5 1st Floor, Kolkata, West Bengal, India – 700001.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹118.35 Cr, a growth of 13.8% compared to the previous year. For the same year it recorded a net profit of ₹2.04 Cr (net margin 1.7%) and EBITDA of ₹2.73 Cr (EBITDA margin 2.3%). The net worth stands at ₹17.86 Cr (up 16% YoY). Total assets are valued at ₹73.08 Cr (up 0.6% YoY).

The company is associated with 1 brand: Frontline Corporation. As per MCA filings, the company has open charges of ₹428.4 Cr and satisfied charges of ₹81.23 Cr on record. Court records list 31 cases involving the company, including 9 filed by the company and 22 filed against it; 3 cases are pending.

Frontline Corporation Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0028217). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website frontlinecorporation.org.

Company details

CIN L63090WB1989PLC099645
Registration Number 099645
Incorporation Date 04 December 1989
ROC Kolkata
Listing Status Listed - Listed on BSE (532042)
Company Status Active
Date of Last AGM 04 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0028217

CIN history

Frontline Corporation has one previous CIN (Corporate Identification Number): L99999WB2004PLC099645. The current CIN is L63090WB1989PLC099645, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L63090WB1989PLC099645Current
L99999WB2004PLC099645Previous
Key People
Pawankumar Agarwal Managing Director Dipika Pradeep Soni Director Dipen Ashit Dalal Director

Recognitions & Rankings of Frontline Corporation

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-01-0028217

Contact details

Frontline Corporation Limited's registered office is in Kolkata, West Bengal. Its website is frontlinecorporation.org. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    frontlinecorporation.org
  • Registered Address
    4 B.B.D. Bag (East) Stephen House Room No – 5 1st Floor, Kolkata, West Bengal, India – 700001
  • Industry
    Financial Services, Real Estate Financing

To see the full contact details of Frontline Corporation Limited, buy the company report.

Comprehensive company report
Frontline Corporation Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Frontline Corporation operates one associated brand: Frontline Corporation. Each brand links to its own profile.

BrandDescriptionWebsite
Frontline Corporation
Provider of integrated logistics and trucking servicesfrontlinecorporation.org

Business activity

The main business activities of Frontline Corporation are transport and storage and trade. In detail, this covers land transport via road, wholesale trading and retail trading. 3 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
HTransport and storageH1Land Transport via Road
GTradeG1Wholesale Trading
GTradeG2Retail Trading

To see the full business activity and turnover split of Frontline Corporation Limited, buy the company report.

Financials of Frontline Corporation Limited

FY 2025-26 filings available

Frontline Corporation Limited reported revenue of ₹118.35 Cr (up 13.8% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹118 Cr
+13.8% YoY
EBITDA
₹2.73 Cr
+21.3% YoY
Profit After Tax
₹2.04 Cr
+24.4% YoY
Net Worth
₹17.86 Cr
+16.0% YoY
Total Assets
₹73.08 Cr
+0.6% YoY
Total Debt
₹55.22 Cr
-3.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue11810487.8576.6871.7558.6048.47
Revenue growth+13.8%+18.3%+14.6%+6.9%+22.4%+20.9%-
EBITDA2.732.250.040.830.370.58(1.78)
EBITDA margin+2.3%+2.2%+0.1%+1.1%+0.5%+1.0%-3.7%
Profit before tax3.083.591.573.531.851.30(1.16)
Net profit2.041.640.991.981.451.10(1.03)
Net profit margin+1.7%+1.6%+1.1%+2.6%+2.0%+1.9%-2.1%
EPS (₹)4.845.802.445.442.912.30(1.98)
Balance sheet
Total assets73.0872.6269.5260.4757.4458.6958.73
Net worth17.8615.3912.5011.348.597.155.98
Total debt55.2257.2357.0249.1448.8551.5452.76
Cash & bank1.111.530.960.800.881.291.04
Net working capital22.0320.6116.6217.9317.4717.5017.52
Cash flow
Cash from operations1.180.02(2.36)(0.98)2.300.100.08
Cash from investing1.251.18(5.11)0.730.261.781.66
Cash from financing(2.85)(0.63)7.630.18(2.97)(1.63)(1.21)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue28.3433.0527.9625.8631.4928.5025.3425.26
Revenue growth (YoY)-10.0%+16.0%+10.3%+2.4%+26.7%---
Other income0.781.100.780.810.731.700.811.07
Total expenses27.3432.3327.3825.2130.7028.1424.5624.58
EBITDA1.000.720.580.650.790.360.780.68
EBITDA margin+3.5%+2.2%+2.1%+2.5%+2.5%+1.3%+3.1%+2.7%
Depreciation0.550.560.580.540.560.740.490.49
Interest0.200.240.180.200.220.250.180.20
Profit before tax1.031.020.600.720.741.070.921.06
Tax0.230.180.130.180.170.190.220.14

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 29 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue28.3433.0527.9625.8631.4928.5025.3425.26
Revenue growth (YoY)-10.0%+16.0%+10.3%+2.4%+26.7%---
Other income0.781.100.780.810.731.700.811.07
Total expenses27.3432.3327.3825.2130.7028.1424.5624.58
EBITDA1.000.720.580.650.790.360.780.68
EBITDA margin+3.5%+2.2%+2.1%+2.5%+2.5%+1.3%+3.1%+2.7%
Depreciation0.550.560.580.540.560.740.490.49
Interest0.200.240.180.200.220.250.180.20
Profit before tax1.031.020.600.720.741.070.921.06
Tax0.230.180.130.180.170.190.220.14
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue11810487.8576.6871.7558.6048.47
Revenue growth+13.8%+18.3%+14.6%+6.9%+22.4%+20.9%-
Other income3.424.373.364.403.513.153.18
Total expenses11610287.8175.8571.3858.0250.25
Employee cost6.385.705.384.914.874.524.71
EBITDA2.732.250.040.830.370.58(1.78)
EBITDA margin+2.3%+2.2%+0.1%+1.1%+0.5%+1.0%-3.7%
Depreciation2.232.191.611.591.752.011.94
Interest0.840.840.220.110.280.420.62
Profit before tax3.083.591.573.531.851.30(1.16)
Tax0.660.690.350.810.390.16(0.18)
Net profit2.041.640.991.981.451.10(1.03)
Net profit margin+1.7%+1.6%+1.1%+2.6%+2.0%+1.9%-2.1%
EPS (₹)4.845.802.445.442.912.30(1.98)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital4.984.984.984.984.984.984.98
Reserves & surplus12.8810.417.526.363.612.171.00
Shareholders' funds (net worth)17.8615.3912.5011.348.597.155.98
Secured loans51.5054.4855.8348.2048.0749.3250.32
Unsecured loans3.722.751.190.940.782.222.44
Total debt55.2257.2357.0249.1448.8551.5452.76
Total liabilities73.0872.6269.5260.4757.4458.6958.73
Assets
Gross block44.2844.9945.7941.2840.8740.4740.16
Net block32.5034.8034.0729.8830.6531.9933.62
Capital work in progress0.880.402.240.570.280.030.00
Investments0.610.381.002.320.650.960.07
Inventories12.7110.538.756.875.074.216.72
Sundry debtors11.2711.159.238.148.169.147.60
Cash & bank balances1.111.530.960.800.881.291.04
Loans & advances8.896.825.378.129.268.7011.80
Total current assets33.9830.0324.3123.9323.3723.3427.16
Total current liabilities11.959.427.696.005.905.849.64
Net working capital22.0320.6116.6217.9317.4717.5017.52
Total assets73.0872.6269.5260.4757.4458.6958.73
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1.530.960.800.881.291.040.52
Net cash from operating activities1.180.02(2.36)(0.98)2.300.100.08
Net cash from investing activities1.251.18(5.11)0.730.261.781.66
Net cash from financing activities(2.85)(0.63)7.630.18(2.97)(1.63)(1.21)
Net change in cash(0.42)0.570.16(0.08)(0.41)0.250.52
Closing cash1.111.530.960.800.881.291.04
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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 / equity3.384.104.454.926.387.948.15
Long-term debt / equity0.350.570.410.080.200.410.52
Interest cover168.001,400.00-14.01-14.47-20.29-29.37-16.67
Efficiency & per share
Fixed asset turnover2.652.292.021.871.761.451.24
Inventory turnover10.1910.7811.2512.8415.4610.726.07
Debtors turnover10.5610.2010.129.418.297.006.06
EPS (₹)4.845.802.445.442.912.30(1.98)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)35.8830.9225.1122.7717.2514.3612.00

To see the full year-wise statements and ratios of Frontline Corporation Limited, buy the company report.

Board of directors of Frontline Corporation Limited

Frontline Corporation has 8 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Pawankumar Agarwal
Also directs: Frontline Industries Limited, Prima Financial Services Ltd, Falgun Export Pvt Ltd
Managing Director04 Dec 198936 Years 10 MonthsCurrent
Dipika Pradeep Soni
Also directs: Jupiter Infomedia Limited, Rajgor Castor Derivatives Limited
Director25 Aug 20206 Years 2 MonthsCurrent
Dipen Ashit DalalDirector29 Jun 20215 Years 4 MonthsCurrent
Ram Prasad Agarwala
Also directs: Frontline Industries Limited, Prima Financial Services Ltd, Falgun Export Pvt Ltd
Director04 Dec 198936 Years 10 MonthsCurrent
Narayan Prasad Agarwal
Also directs: Frontline Industries Limited, Prima Financial Services Ltd, Falgun Export Pvt Ltd
Director04 Dec 198936 Years 10 MonthsCurrent
Saurabh Jhunjhunwala
Also directs: Falgun Export Pvt Ltd
Director01 Dec 199926 Years 10 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Auditor

Frontline Corporation Limited is audited by S M Pansuriya & Co. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
S M Pansuriya & Co.FY 2023126729W

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 47.20%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 52.80%.

Promoters: 47.20%Retail & Others: 52.80%
Mar 2026
QUARTER
47.20% Promoters
52.80% Retail & Others
Promoter holding - history
Now 47.20% · Mar 2026High 47.60% · Jun 2025Low 47.20% · Sep 2025
46%46.8%47.5%48.3%49%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 47.60%Sep 2025: 47.20%Dec 2025: 47.20%Mar 2026: 47.20%47.60%47.20%47.20%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters47.20%47.20%47.20%47.60%
Public52.80%52.80%52.80%52.40%

Charges & borrowings

Open charges
₹428.4 Cr
Satisfied charges
₹81.23 Cr
Breakdown by lending institutions
Uco Bank₹293.00 Cr
Punjab & Sind Bank₹84.75 Cr
Jammu & Kashmir Bank Limited₹25.00 Cr
Punjab National Bank₹10.00 Cr
Others₹9.89 Cr
Others₹5.77 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
29 Apr 2026101286775Others₹1.55 CrOpen
29 Apr 2026101289737Others₹1.55 CrOpen
23 Apr 2025101108133Others₹3.6 LakhOpen
16 Apr 2025101099729Others₹21.94 LakhOpen
12 Mar 2025101078108Others₹98.73 LakhOpen

To see the full charge records of Frontline Corporation Limited, buy the company report.

Total charge records: 80 View all charges

MSME payment delays

Frontline Corporation Limited has 8 MSME Form 1 returns on record between 2012 and 2019, listing 26 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (4 of 4)

SupplierAmount dueDue sinceReported on
Eye Power Weg Service
Nandan Petrochem Limited
an individual supplier
Infinite Wires and Components Private Limited

To see the full MSME payment records of Frontline Corporation Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

Frontline Corporation has 6 GST registrations: 3 active and 3 cancelled or inactive.

Total GSTINs
6
Active
3
Cancelled / inactive
3
GSTINStateStatusRegistered on
19AAACF2403M1ZQWest BengalActive01 Jul 2017
24AAACF2403M1ZZGujaratActive01 Jul 2017
36AAACF2403M1ZUTelanganaActive11 Aug 2017

To see the full GST registrations and return filing status of Frontline Corporation Limited, buy the company report.

Recent activity

Frontline Corporation Limited has 25 board changes on record since 1989: 17 appointments and 8 cessations. The latest: Neetu Jalan was appointed as Director on 22 Apr 2025.

Charges
A charge registered on 20 Dec 2023 via Charge ID 100847957 with Others was fully satisfied on 11 May 2026.
Charges
A charge registered on 20 Dec 2023 via Charge ID 100847960 with Others was fully satisfied on 11 May 2026.
Charges
A charge with Others amounted to Rs. 1.55 Cr with Charge ID 101286775 was registered on 29 Apr 2026.
Charges
A charge with Others amounted to Rs. 1.55 Cr with Charge ID 101289737 was registered on 29 Apr 2026.
Filing
Frontline Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Kolkata I.
AGM
Frontline Corporation Limited last Annual general meeting of members was held on 04 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 0.04 Cr with Charge ID 101108133 was registered on 23 Apr 2025.
Appointed
Neetu Jalan was appointed as Director.
Charges
A charge with Others amounted to Rs. 0.22 Cr with Charge ID 101099729 was registered on 16 Apr 2025.
Ceased
Aarefa Kutub Kapasi ceased to be Director.
Charges
A charge with Others amounted to Rs. 0.99 Cr with Charge ID 101078108 was registered on 12 Mar 2025.
Charges
A charge with Others amounted to Rs. 0.88 Cr with Charge ID 101080703 was registered on 12 Mar 2025.

161 earlier events are in the company report.

News

Frequently asked questions

Frontline Corporation is an active public limited company based in Kolkata, West Bengal, India. The company works in real estate financing, within the financial services industry. It was incorporated on 04 December 1989 (37+ years old) and is registered under CIN L63090WB1989PLC099645. Listed on BSE: 532042.

Frontline Corporation reported revenue of ₹118.35 Cr for FY 2025-26 (up 13.8% YoY) based on standalone financials.

Frontline Corporation has 8 current directors:

The latest financial statements of Frontline Corporation on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 04 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Frontline Corporation is 19AAACF2403M1ZQ, registered in West Bengal. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 24AAACF2403M1ZZ (Gujarat), 36AAACF2403M1ZU (Telangana).

The CIN (Corporate Identification Number) of Frontline Corporation is L63090WB1989PLC099645. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Frontline Corporation is a listed company as per MCA records. Its shares are listed on BSE (code: 532042).

Frontline Corporation has 31 court cases on record: 9 filed by the company and 22 filed against it. 3 are pending. Most are in the district courts.

Frontline Corporation was incorporated on 04 December 1989, making it 37+ years old. It is registered with the Registrar of Companies, Kolkata.

Neetu Jalan was appointed as Director on 22 Apr 2025. Aarefa Kutub Kapasi ceased to be Director on 22 Mar 2025. Ummay Amen Mashraqi was appointed as Director on 30 May 2024. Frontline Corporation has 25 board changes on record in total.

Yes, Frontline Corporation is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0028217).