Frontline Financial Services Ltd.

About

Frontline Financial Services Limited operates as a finance and investment company that provides financial services to corporate customers in India. The company offers advice, services, and consultancy in commercial and financial aspects. It also acts as a promoter, organizer, consultant, and developer in real estate; and as an agent of lands, property industrial estates, housing schemes, shopping/office complexes, townships, warehouses, resorts, hotels, motels, and factories, as well as engages in the purchase and sale of real estate properties as an owner/agent. Frontline Financial Services Limited was incorporated in 1991 and is based in Ahmedabad, India.

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	0.29	1.15	0.41	0.87	0.51	0.21	0.02	0.07	0.20	0.10	0.49	1.41	0.53
Expenses	0.30	1.12	0.42	0.86	0.50	0.28	0.04	0.11	0.25	0.13	0.49	1.40	0.54
Operating Profit	-0.01	0.03	-0.01	0.01	0.01	-0.07	-0.02	-0.04	-0.05	-0.03	0.00	0.01	-0.01
OPM %	-3.45	2.61	-2.44	1.15	1.96	-33.33	-100.00	-57.14	-25.00	-30.00	0.00	0.71	-1.89
Other Income	0.00	0.00	0.00	0.00	0.00	0.22	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	-0.01	0.03	-0.01	0.01	0.01	0.15	-0.02	-0.04	-0.05	-0.03	0.00	0.01	-0.01
Tax %	0.00	33.33	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	0.00	0.00
Net Profit	-0.01	0.02	-0.01	0.01	0.01	0.15	-0.02	-0.04	-0.05	-0.03	0.00	0.01	-0.01

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	2.94	0.50	2.52	2.07	0.11	0.00	0.02	6.66	0.38	0.25	0.36	11.55
Expenses	2.92	0.61	2.56	2.20	0.21	0.01	0.14	6.64	0.37	0.25	0.34	11.95
Operating Profit	0.02	-0.11	-0.04	-0.13	-0.10	-0.01	-0.12	0.02	0.01	0.00	0.02	-0.40
OPM %	0.68	-22.00	-1.59	-6.28	-90.91	—	-600.00	0.30	2.63	0.00	5.56	-3.46
Other Income	0.00	0.22	0.00	0.21	0.11	0.01	0.14	0.00	0.00	0.00	0.00	0.42
Interest	0.00	0.07	0.01	0.00	0.00	0.00	0.02	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	0.02	0.04	-0.05	0.08	0.01	0.00	0.00	0.02	0.01	0.00	0.02	0.02
Tax %	50.00	0.00	0.00	37.50	0.00	—	—	0.00	0.00	—	50.00	50.00
Net Profit	0.01	0.04	-0.05	0.05	0.01	0.00	0.00	0.01	0.01	0.00	0.01	0.01
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	—	—	0.00	0.00	—	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	5.90	5.90	5.90	5.90	5.90	5.90	5.90	5.90	5.90	5.90	5.90	5.90
Reserves	0.53	0.52	0.48	0.53	0.48	0.47	0.47	0.47	0.46	0.45	0.47	0.46
Borrowings	0.25	0.25	0.00	0.00	0.00	0.57	0.38	0.00	0.00	0.00	0.00	0.00
Other Liabilities	3.78	3.43	4.35	3.29	3.12	3.37	3.60	4.16	0.01	0.01	0.01	0.04
Total Liabilities	10.46	10.10	10.73	9.72	9.50	10.31	10.35	10.53	6.37	6.36	6.38	6.40
Fixed Assets	0.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.04	0.04	0.04
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	1.00	0.00	0.00	0.00	0.00	0.00	1.00	1.00	0.00	0.00	1.00	1.00
Other Assets	9.46	9.10	9.73	8.72	8.50	9.31	9.35	9.53	6.37	6.32	5.34	5.36
Total Assets	10.46	10.10	10.73	9.72	9.50	10.31	10.35	10.53	6.37	6.36	6.38	6.40

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Cash from Operating Activity	0.96	-0.18	0.05	0.30	-0.19	-0.01	0.20	0.00	0.00
Cash from Investing Activity	0.00	0.00	0.00	0.00	0.00	0.00	-0.01	0.04	0.00
Cash from Financing Activity	0.00	0.18	0.00	-0.57	0.20	0.36	0.00	0.00	0.00
Net Cash Flow	0.96	0.00	0.04	-0.27	0.00	0.35	0.20	0.04	0.00
Free Cash Flow	0.96	-0.18	0.05	0.30	-0.19	-0.01	0.19	0.04	0.00
CFO/OP %	4,800.00	164.00	-62.00	-300.00	1,900.00	8.00	1,000.00	0.00	—

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	194.91	584.00	240.44	116.38	1,758.64	—	8,395.00	50.97	0.00	0.00	233.19	7.90
Inventory Days	277.30	1,601.53	317.71	396.34	7,847.50	—	39,237.50	150.29	0.00	0.00	0.00	0.00
Days Payable	482.37	178.78	36.94	20.28	255.50	—	0.00	38.79	—	—	—	—
Cash Conversion Cycle	-10.16	2,006.76	521.21	492.44	9,350.64	—	47,632.50	162.48	0.00	0.00	233.19	7.90
Working Capital Days	-2.48	1,978.30	508.39	430.24	8,096.36	—	39,602.50	150.71	5,090.79	7,723.40	5,373.61	166.86
ROCE %	0.30	1.69	-0.62	1.25	0.15	0.00	0.30	0.31	0.16	0.00	0.31	-6.29

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	30.72	30.72	30.72	30.72	30.72	30.72	30.72	30.72	30.72	30.72	30.72	30.72
Public	69.28	69.28	69.28	69.28	69.28	69.28	69.28	69.28	69.28	69.28	69.28	69.28
No. of Shareholders	453	511	511	511	511	511	511	511	511	511	511	511

Corporate Actions

No corporate actions recorded.

Announcements

5 filings

Annual General Meeting To Be Held On 30/09/2026
05 Sep 2026 5 Sep - Frontline Financial Services AGM on 30 Sept 2026; shareholders to approve financials, director reappointment, secretarial auditor, promoter reclassification.
Reg. 34 (1) Annual Report. 5 Sep
05 Sep 2026
Board Meeting Outcome for Outcome Of Board Meeting As Per Regulation 30 Of SEBI (LODR) Regulations, 2015
03 Sep 2026 3 Sep - Board approved secretarial auditor change and appointed CS Manali Davda for FY2026-27 to FY2030-31.
Board Meeting Outcome for Outcome Of Board Meeting As Per Regulation 30 Of SEBI (LODR) Regulations, 2015
01 Sep 2026 1 Sep - Board approved AGM on 30 Sep 2026, proposed name change to Aaryavart Enterprise, and noted independent director resignation.
Announcement under Regulation 30 (LODR)-Resignation of Director
27 Aug 2026 27 Aug - Ms. Sejal Shah resigned as Independent Director effective 27 August 2026.

Shareholding Pattern

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Shareholding Pattern (BSE filings)

Financial Results — Filings

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Financial / Quarterly Results (BSE filings)

Board Filings

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Corporate Announcements & Board Filings (BSE)

Annual Reports

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