Frog Innovations logo

Frog Innovations

FROG NSE

Key Fundamentals

SMEEquipment & AccessoriesTelecom
Market Cap
₹391 Cr
Volatility
High Risk
P/E Ratio
-260.5
EBITDA
₹1.80 Cr
Return on Equity
-0.99%
Debt to Equity
0.08
Book Value
₹102.2
52W High
₹275.95
52W Low
₹123.5

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

3
  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter

Weaknesses

5
  • Stock is trading at 2.57 times its book value
  • 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.

Growth Rate

Revenue Growth
-50.72% lower than 3Y
Net Income Growth
-107% higher than 3Y
Cash Flow Change
—
ROE
-107% lower than 3Y
ROCE
-111% higher than 3Y
EBITDA Margin (Avg.)
-90.2% lower than 3Y

Quarterly Results

Particulars Sep 2022Sep 2023Sep 2024Mar 2025Sep 2025Mar 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 in Rs
6.35
3.43
3.43
11.75
-0.66
-0.35
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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 in Rs
636
-1,348
388
2,852
2,950
9.81
10.05
15.17
-1.01
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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55 extracted metrics + investor summaries across FY18–FY26.

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Shareholding Pattern

FIIs0.20%Promot.72.54%DIIs0.55%Others4.42%Public22.29%As ofMar 2026

Documents

Frequently Asked Questions about Frog Innovations

What does Frog Innovations Ltd do?
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]
Where is Frog Innovations Ltd (FROG) listed?
Frog Innovations Ltd trades as FROG on the NSE.
Which sector does Frog Innovations Ltd belong to?
Frog Innovations Ltd is classified under the Telecom sector, in the Equipment & Accessories industry.
What is the market capitalisation of Frog Innovations Ltd?
Frog Innovations Ltd has a market capitalisation of ₹390.57 Cr, which places it in the Small Cap band.
What is the PE ratio of Frog Innovations Ltd?
Frog Innovations Ltd trades at a PE ratio of -260.50, against a book value of ₹102.2 per share.
What is the 52-week high and low of Frog Innovations Ltd?
Over the last 52 weeks Frog Innovations Ltd has traded between ₹123.5 and ₹275.95.
What is the Return on Equity (ROE) of Frog Innovations Ltd?
Frog Innovations Ltd reported a return on equity of -0.99%. Its debt-to-equity ratio is 0.08.

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[1]

Website frogcellsat.com
Listed 2022-10-13
Face Value ₹ 10
Issued Size 1,55,54,300

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