Frog Innovations Ltd

Frog Innovations Ltd

₹ 173 3.19%
16 Jul - close price
About

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]

Key Points

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.

  • Market Cap 269 Cr.
  • Current Price 173
  • High / Low 275 / 124
  • Stock P/E
  • Book Value 102
  • Dividend Yield 0.00 %
  • ROCE -1.91 %
  • ROE -0.71 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.59% over past five years.
  • Company has a low return on equity of 8.39% over last 3 years.
  • Earnings include an other income of Rs.2.98 Cr.

* 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.

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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Sep 2023 Sep 2024 Mar 2025 Sep 2025 Mar 2026
66 69 80 140 55 51
55 60 73 111 54 53
Operating Profit 11 8 6 29 1 -2
OPM % 16% 12% 8% 21% 1% -4%
0 1 3 0 3 0
Interest 0 0 0 1 1 0
Depreciation 1 1 2 2 2 3
Profit before tax 10 8 7 26 0 -5
Tax % 29% 31% 21% 30% 349% -88%
7 5 5 18 -1 -1
EPS in Rs 6.35 3.43 3.43 11.75 -0.66 -0.35
Raw PDF

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 Mar 2026
89 60 87 121 133 133 158 219 106
84 64 81 110 113 111 137 184 108
Operating Profit 5 -3 6 11 20 22 20 36 -2
OPM % 6% -5% 7% 9% 15% 17% 13% 16% -1%
2 1 2 8 3 1 3 3 3
Interest 2 2 2 1 1 1 0 1 1
Depreciation 2 4 3 2 1 2 3 4 5
Profit before tax 3 -8 3 16 21 20 20 33 -4
Tax % 7% -19% 41% 10% 29% 26% 23% 28% -64%
3 -7 2 14 15 15 16 24 -2
EPS in Rs 636.00 -1,348.00 388.00 2,852.00 2,950.00 9.81 10.05 15.17 -1.01
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -3%
3 Years: -7%
TTM: -52%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -105%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -16%
1 Year: -28%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 8%
Last Year: -1%

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 Mar 2026
Equity Capital 0.05 0.05 0.05 0.05 0.05 15 15 16 16
Reserves 51 44 46 60 69 101 118 144 143
26 26 20 6 6 0 5 20 13
14 13 27 32 26 25 25 47 26
Total Liabilities 91 83 93 97 101 141 163 227 198
19 21 19 15 20 13 82 85 92
CWIP 2 1 0 0 7 36 0 0 3
Investments 4 5 7 6 0 0 0 0 0
67 56 67 77 74 92 81 142 102
Total Assets 91 83 93 97 101 141 163 227 198

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 Mar 2026
9 -2 11 7 10 7 7 -2 23
-12 -3 -1 4 -9 -35 -30 -7 -15
7 -2 -8 -12 -5 35 4 15 -8
Net Cash Flow 4 -7 1 -2 -4 7 -19 6 -0
Free Cash Flow 5 -4 11 8 1 -26 -26 -13 7
CFO/OP 226% 20% 197% 65% 62% 61% 63% 9% -1,703%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 70 76 90 81 54 76 71 132 134
Inventory Days 145 234 170 95 128 156 126 118 267
Days Payable 34 32 119 112 71 63 45 92 83
Cash Conversion Cycle 181 278 141 64 111 169 152 157 319
Working Capital Days 86 119 74 68 80 121 121 120 202
ROCE % -8% 8% 18% 30% 25% 14% 21% -2%

Insights

In beta
Mar 2023 Mar 2024 Mar 2025 Mar 2026
Manufacturing Facility Area
sq. ft.

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Number of Products
count
Order Book
₹ Million
Revenue Share: In-Building Coverage Solutions
% ・Standalone data
Revenue Share: Mobile Network Accessories
% ・Standalone data
Revenue Share: Services / I&C
% ・Standalone data
Cumulative Major DAS Airport Projects
count
Number of Permanent Employees
count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2022Oct 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
99.99% 73.49% 74.39% 74.39% 74.10% 72.71% 72.66% 72.54% 72.54%
0.00% 2.22% 0.00% 0.00% 0.00% 0.01% 0.29% 0.20% 0.20%
0.00% 0.76% 1.75% 1.87% 0.00% 0.00% 0.00% 0.12% 0.55%
0.01% 23.53% 23.86% 23.74% 25.90% 27.28% 27.05% 27.14% 26.71%
No. of Shareholders 81,4101,1351,7342,4933,7263,7303,3153,084

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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