Frog Cellsat Ltd
Incorporated in 2004, Frog Cellsat
Ltd manufactures in-building coverage solutions and mobile network accessories for mobile service providers and operators. It also provides installations, repair and maintenance services[1]
- Market Cap ₹ 382 Cr.
- Current Price ₹ 246
- High / Low ₹ 458 / 211
- Stock P/E 16.2
- Book Value ₹ 102
- Dividend Yield 0.00 %
- ROCE 21.4 %
- ROE 16.2 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 88.5% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 92.7 to 132 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
31 | 65 | 84 | 87 | 89 | 60 | 87 | 120 | 133 | 135 | 158 | 219 | |
23 | 49 | 68 | 76 | 84 | 64 | 82 | 109 | 114 | 110 | 138 | 184 | |
Operating Profit | 8 | 16 | 16 | 11 | 5 | -4 | 5 | 11 | 19 | 25 | 20 | 35 |
OPM % | 26% | 25% | 19% | 13% | 5% | -7% | 6% | 9% | 14% | 18% | 13% | 16% |
0 | 0 | 0 | 1 | 2 | 1 | 2 | 2 | 3 | -1 | 3 | 3 | |
Interest | 0 | 0 | 1 | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 0 | 1 |
Depreciation | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 2 | 1 | 2 | 3 | 4 |
Profit before tax | 7 | 14 | 14 | 10 | 3 | -8 | 2 | 9 | 20 | 21 | 19 | 33 |
Tax % | 23% | 16% | 33% | 21% | 6% | -19% | 54% | 30% | 30% | 27% | 22% | 28% |
6 | 12 | 9 | 8 | 3 | -7 | 1 | 7 | 14 | 15 | 15 | 24 | |
EPS in Rs | 1,128.00 | 2,362.00 | 1,804.00 | 1,550.00 | 606.00 | -1,372.00 | 194.00 | 1,322.00 | 2,792.00 | 10.06 | 9.79 | 15.17 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 20% |
3 Years: | 18% |
TTM: | 39% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 89% |
3 Years: | 19% |
TTM: | 77% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -22% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 16% |
3 Years: | 15% |
Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 15 | 15 | 16 |
Reserves | 19 | 31 | 40 | 48 | 51 | 44 | 45 | 52 | 61 | 100 | 116 | 143 |
4 | 10 | 12 | 13 | 26 | 21 | 18 | 4 | 6 | 0 | 5 | 20 | |
2 | 13 | 14 | 9 | 10 | 9 | 26 | 28 | 23 | 23 | 24 | 39 | |
Total Liabilities | 26 | 55 | 66 | 70 | 87 | 74 | 88 | 83 | 90 | 139 | 160 | 218 |
4 | 9 | 9 | 9 | 9 | 12 | 9 | 5 | 6 | 8 | 76 | 80 | |
CWIP | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 7 | 36 | 0 | 0 |
Investments | 0 | 0 | 0 | 2 | 10 | 10 | 11 | 12 | 10 | 0 | 0 | 1 |
22 | 45 | 57 | 60 | 65 | 52 | 68 | 66 | 66 | 94 | 84 | 137 | |
Total Assets | 26 | 55 | 66 | 70 | 87 | 74 | 88 | 83 | 90 | 139 | 160 | 218 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-2 | 2 | 6 | 1 | -3 | 9 | 2 | 7 | 7 | -3 | |||
-2 | -8 | -1 | -1 | 0 | -0 | -7 | -26 | -30 | -7 | |||
2 | 5 | 1 | 0 | -4 | -8 | -3 | 35 | 4 | 15 | |||
Net Cash Flow | -2 | -1 | 6 | -0 | -7 | 1 | -8 | 16 | -19 | 5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 117 | 123 | 82 | 119 | 70 | 76 | 90 | 81 | 54 | 75 | 71 | 132 |
Inventory Days | 128 | 183 | 175 | 108 | 118 | 179 | 170 | 76 | 128 | 156 | 126 | 96 |
Days Payable | 47 | 120 | 90 | 36 | 39 | 37 | 135 | 112 | 71 | 61 | 38 | 90 |
Cash Conversion Cycle | 199 | 185 | 167 | 191 | 149 | 219 | 125 | 45 | 111 | 170 | 160 | 137 |
Working Capital Days | 150 | 141 | 138 | 163 | 109 | 142 | 100 | 58 | 102 | 120 | 132 | 140 |
ROCE % | 39% | 45% | 30% | 18% | 7% | -9% | 7% | 19% | 33% | 27% | 14% | 21% |
Documents
Announcements
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Disclosure under SEBI Takeover Regulations
6 June 2025 - Konark Trivedi has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Resignation
30 May 2025 - Chief Sales Officer Rajnish Sharma resigns effective May 30, 2025, due to personal reasons.
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Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
30 May 2025 - FROG CELLSAT LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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Structural Digital Database
29 May 2025 - SEBI SDD compliance certificate for FY ended March 31, 2025 confirming all UPSI events captured.
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Analysts/Institutional Investor Meet/Con. Call Updates
27 May 2025 - Frog Cellsat FY25 revenue up 39%, EBITDA margin 16.1%, OneDAS 50% revenue, targets 30% growth in FY26.
Annual reports
Concalls
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May 2025Transcript PPT
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Jan 2025Transcript PPT REC
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Oct 2024Transcript PPT REC
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Jul 2024Transcript PPT REC
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May 2024Transcript PPT REC
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Nov 2023TranscriptPPTREC
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Sep 2023TranscriptNotesPPTREC
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Aug 2023TranscriptPPT
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Jun 2023Transcript PPT REC
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Dec 2022TranscriptNotesPPT
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Dec 2022TranscriptNotesPPT
Business Overview:[1]
FSL is certified by ISO and National Security Council, for design, manufacture, installation and supply of Telecom Equipment to Indian Mobile Operators. It manufactures RF equipments in India and provides wireless coverage enhancement solutions for 2G /3G /4G /5G.