Frog Innovations
- P/E
- 17.60
Key Fundamentals
SMETelecom - Equipment & AccessoriesTelecomPrice-based figures as of · TTM
- ROCE
- −1.91%
- Debt to Equity
- 0.08
- EPS (TTM)
- ₹15.20
- Book Value
- ₹102.20
- Market Cap
- —
- P/E (TTM)
- 17.60
- P/B
- 2.62
- ROE
- −0.71%
- Dividend Yield
- 0.00%
- EBITDA
- ₹1.80 Cr
- 52W High
- ₹304.95
- 52W Low
- ₹123.50
- Volume
- 0
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 100/100
Category scores
- Quality
- 65
- Good
- Returns, margins, earnings quality 22% weight
- Valuation
- 53
- Average
- Cheap vs sector & own history 24% weight
- Growth
- 2
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 86
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 95
- Strong
- Trend strength, vol-adjusted 12% weight
- Ownership
- 34
- Poor
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
3- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
Weaknesses
4- 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.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bullish | 2 | 5 | 12 |
| Oscillators | Neutral | 2 | 5 | 2 |
| Moving Averages | Strong Bullish | 0 | 0 | 10 |
Oscillators
Neutral
Overall
Strong Bullish
Moving Averages
Strong Bullish
Key readings
- RSI (14)
- 59.22
- Neutral
- MACD (12,26,9)
- −4.49
- Bullish
- SMA (50)
- 252.95
- Bullish
- SMA (200)
- 187.01
- Bullish
As of
Growth Rate
From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.
Revenue
| 5Y | −2.61% |
|---|---|
| 3Y | −7.28% |
| 1Y | −51.60% |
Net profit
| 5Y | Turned to loss |
|---|---|
| 3Y | Turned to loss |
| 1Y | Turned to loss |
Operating cash flow
| 5Y | +26.86% |
|---|---|
| 3Y | +48.67% |
| 1Y | Turned positive |
Operating margin· change in pp
| 5Y | −10.98 pp |
|---|---|
| 3Y | −18.43 pp |
| 1Y | −18.33 pp |
Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.
Revenue by year
| Mar 2018 | ₹89.00 Cr |
|---|---|
| Mar 2019 | ₹60.00 Cr |
| Mar 2020 | ₹87.00 Cr |
| Mar 2021 | ₹121 Cr |
| Mar 2022 | ₹133 Cr |
| Mar 2023 | ₹133 Cr |
| Mar 2024 | ₹158 Cr |
| Mar 2025 | ₹219 Cr |
| Mar 2026 | ₹106 Cr |
Net profit by year
| Mar 2018 | ₹3.00 Cr |
|---|---|
| Mar 2019 | −₹7.00 Cr |
| Mar 2020 | ₹2.00 Cr |
| Mar 2021 | ₹14.00 Cr |
| Mar 2022 | ₹15.00 Cr |
| Mar 2023 | ₹15.00 Cr |
| Mar 2024 | ₹16.00 Cr |
| Mar 2025 | ₹24.00 Cr |
| Mar 2026 | −₹2.00 Cr |
Half-yearly Results
₹ Cr| Particulars | Sep 2022 | Sep 2023 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 66 | 69 | 80 | 140 | 55 | 51 |
| Expenses | 55 | 60 | 73 | 111 | 54 | 53 |
| Operating Profit | 11 | 8 | 6 | 29 | 1 | −2 |
| OPM % | 16% | 12% | 8% | 21% | 1% | −4.2% |
| Other Income | 0 | 1 | 3 | 0 | 3 | 0 |
| Interest | 0 | 0 | 0 | 1 | 1 | 0 |
| Depreciation | 1 | 1 | 2 | 2 | 2 | 3 |
| PBT | 10 | 8 | 7 | 26 | 0 | −5 |
| Tax % | 29% | 31% | 21% | 30% | 349% | −88% |
| Net Profit | 7 | 5 | 5 | 18 | −1 | −1 |
| EPS (₹) | 6.35 | 3.43 | 3.43 | 11.75 | −0.66 | −0.35 |
Profit & Loss
₹ Cr| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 89 | 60 | 87 | 121 | 133 | 133 | 158 | 219 | 106 |
| Expenses | 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% | −1.5% |
| Other Income | 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 |
| PBT | 3 | −8 | 3 | 16 | 21 | 20 | 20 | 33 | −4 |
| Tax % | 7% | −19% | 41% | 10% | 29% | 26% | 23% | 28% | −64% |
| Net Profit | 3 | −7 | 2 | 14 | 15 | 15 | 16 | 24 | −2 |
| EPS (₹) | Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank. | Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank. | Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank. | Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank. | Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank. | 9.81 | 10.05 | 15.17 | −1.01 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
₹ Cr| Particulars | 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 |
| Borrowings | 26 | 26 | 20 | 6 | 6 | 0 | 5 | 20 | 13 |
| Other Liabilities | 14 | 13 | 27 | 32 | 26 | 25 | 25 | 47 | 26 |
| Total Liabilities | 91 | 83 | 93 | 97 | 101 | 141 | 163 | 227 | 198 |
| Fixed Assets | 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 |
| Other Assets | 67 | 56 | 67 | 77 | 74 | 92 | 81 | 142 | 102 |
| Total Assets | 91 | 83 | 93 | 97 | 101 | 141 | 163 | 227 | 198 |
Cash Flow
₹ Cr| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Operating | 9 | −2 | 11 | 7 | 10 | 7 | 7 | −2 | 23 |
| Investing | −12 | −3 | −1 | 4 | −9 | −35 | −30 | −7 | −15 |
| Financing | 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
| Particulars | 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Frog Innovations insights
55 extracted metrics across FY18–FY26.
Documents
- Q1 FY27 concall · Jul 2026Transcript Recording
- Concall · May 2026Transcript PPT Recording
- Q3 FY26 concall · Dec 2025Transcript PPT Recording
- Q4 FY25 concall · May 2025Transcript PPT
- Q3 FY25 concall · Jan 2025Transcript PPT Recording
- 5 Oct 2026
- 5 Oct 2026
- 5 Oct 2026
- 25 Sep 2026
Frequently Asked Questions about Frog Innovations
What does Frog Innovations Ltd do?
Where is Frog Innovations Ltd (FROG) listed?
Which sector does Frog Innovations Ltd belong to?
What is the PE ratio of Frog Innovations Ltd?
What is the 52-week high and low of Frog Innovations Ltd?
What is the Return on Equity (ROE) of Frog Innovations Ltd?
Company Information
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
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/FROG.md for Frog Innovations Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.
Append .md to any Tapetide URL for
the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For
live, structured queries instead of documents, use our Indian stock market MCP server.