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 ₹ 418 Cr.
- Current Price ₹ 269
- High / Low ₹ 458 / 211
- Stock P/E 17.7
- Book Value ₹ 103
- Dividend Yield 0.00 %
- ROCE 21.3 %
- ROE 16.1 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
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.
Peer comparison
Sector: Telecomm Equipment & Infra Services Industry: Telecommunications - Equipment
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
89 | 60 | 87 | 121 | 133 | 135 | 158 | 219 | |
84 | 64 | 81 | 110 | 113 | 111 | 137 | 184 | |
Operating Profit | 5 | -3 | 6 | 11 | 20 | 24 | 20 | 35 |
OPM % | 6% | -5% | 7% | 9% | 15% | 18% | 13% | 16% |
2 | 1 | 2 | 8 | 3 | -1 | 3 | 3 | |
Interest | 2 | 2 | 2 | 1 | 1 | 1 | 0 | 1 |
Depreciation | 2 | 4 | 3 | 2 | 1 | 2 | 3 | 4 |
Profit before tax | 3 | -8 | 3 | 16 | 21 | 20 | 20 | 33 |
Tax % | 7% | -19% | 41% | 10% | 29% | 26% | 23% | 28% |
3 | -7 | 2 | 14 | 15 | 15 | 16 | 24 | |
EPS in Rs | 636.00 | -1,348.00 | 388.00 | 2,852.00 | 2,950.00 | 9.81 | 10.05 | 15.17 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 20% |
3 Years: | 18% |
TTM: | 39% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 64% |
3 Years: | 17% |
TTM: | 72% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -9% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 15% |
Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 15 | 15 | 16 |
Reserves | 51 | 44 | 46 | 60 | 69 | 101 | 118 | 144 |
26 | 26 | 20 | 6 | 6 | 0 | 5 | 20 | |
14 | 13 | 27 | 32 | 26 | 25 | 25 | 40 | |
Total Liabilities | 91 | 83 | 93 | 97 | 101 | 141 | 163 | 220 |
19 | 21 | 19 | 15 | 20 | 13 | 82 | 85 | |
CWIP | 2 | 1 | 0 | 0 | 7 | 36 | 0 | 0 |
Investments | 4 | 5 | 7 | 6 | 0 | 0 | 0 | 0 |
67 | 56 | 67 | 77 | 74 | 92 | 81 | 135 | |
Total Assets | 91 | 83 | 93 | 97 | 101 | 141 | 163 | 220 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
9 | -2 | 11 | 7 | 10 | 7 | 7 | -2 | |
-12 | -3 | -1 | 4 | -9 | -35 | -30 | -7 | |
7 | -2 | -8 | -12 | -5 | 35 | 4 | 15 | |
Net Cash Flow | 4 | -7 | 1 | -2 | -4 | 7 | -19 | 6 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 70 | 76 | 90 | 81 | 54 | 75 | 71 | 132 |
Inventory Days | 145 | 234 | 170 | 95 | 128 | 156 | 126 | 96 |
Days Payable | 34 | 32 | 119 | 112 | 71 | 63 | 45 | 92 |
Cash Conversion Cycle | 181 | 278 | 141 | 64 | 111 | 168 | 152 | 135 |
Working Capital Days | 127 | 174 | 97 | 71 | 89 | 119 | 132 | 141 |
ROCE % | -8% | 8% | 18% | 30% | 25% | 14% | 21% |
Documents
Announcements
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Investor Presentation
20 May 2025 - Investor presentation detailing Frog Cellsat's business, growth, products, and FY28 vision with Rs.2194M revenue FY25.
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Updates
20 May 2025 - Frog Cellsat reports FY25 revenue Rs. 2,194M (+39%), EBITDA Rs. 377M (+73%), FY26 guidance 30% growth.
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Outcome of Board Meeting
20 May 2025 - Frog Cellsat reports audited Q4 and FY25 financials; net profit ₹23.56 Cr; reappoints internal auditor.
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Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
20 May 2025 - FROG CELLSAT LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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Change in Auditors
20 May 2025 - Re-appointment of M/s. Rajan K Gupta & Co. LLP as internal auditors for FY 2025-26.
Annual reports
Concalls
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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.