Frog Innovations Ltd

📊 Stock Analysis

Market Data

Face Value₹10

Performance

ROCE19.69 %

ROE14.81 %

EPS (TTM)₹1.93

EPS Prev Qtr₹9.86

EPS Last Year₹0.76

EBITDA Qtr₹6.14 Cr.

Financial Health

Debt/Equity0.08

Debt/Profit0.55

Total Assets₹192.136 Cr.

Promoter Holding72.54 %

Earning Power16.13 %

Valuation

Industry P/E14.955

Key Metrics

Face Value

₹10

About Frog Innovations Ltd

Telecommunication · Telecom Equipment & Infra Services

Frog Innovations Ltd is listed on NSE in the Telecommunication / Telecom Equipment & Infra Services sector. Face value ₹10.

Peer Comparison

Name	CMP	P/E	Market Cap	Div Yield	NP Qtr	Qtr Profit Var%	Sales Qtr	Qtr Sales Var%	ROCE%	Debt/Eq
Indus Towers Ltd	-	13.3	₹95,145.34 Cr	3.88%	₹7,153.9 Cr	-	₹32,866.6 Cr	-	27.4%	0.02
HFCL Ltd	-	53.55	₹31,476.84 Cr	0.1%	₹604.38 Cr	-	₹5,993.23 Cr	-	15.58%	0.38
Tejas Networks Ltd	-	-	₹8,728.73 Cr	-	₹-917.26 Cr	-	₹1,303.46 Cr	-	-14.56%	1.38
Pace Digitek Ltd	-	10.56	₹3,491.4 Cr	-	₹315.07 Cr	-	₹2,829.56 Cr	-	38.76%	0.14
NELCO Ltd	-	542.46	₹2,091.88 Cr	0.11%	₹3.86 Cr	-	₹311.84 Cr	-	5.48%	0.46
Valiant Communications Ltd	-	55.19	₹1,679.74 Cr	0.1%	₹27.24 Cr	-	₹91.97 Cr	-	57.99%	0.03
GTL Infrastructure Ltd	-	1.34	₹1,409 Cr	-	₹1,081.08 Cr	-	₹1,364.75 Cr	-	93.39%	-1.97
ADC India Communications Ltd	-	48.08	₹1,083.28 Cr	1.06%	₹22.53 Cr	-	₹218.36 Cr	-	34.01%	0
Suyog Telematics Ltd	-	12.18	₹744.33 Cr	0.16%	₹60.24 Cr	-	₹250.75 Cr	-	17.15%	0.28
Precision Electronics Ltd	-	-	₹267.97 Cr	-	₹-1.46 Cr	-	₹70.03 Cr	-	5.94%	3.25
Umiya Buildcon Ltd	-	16.61	₹183.11 Cr	-	₹11.02 Cr	-	₹75.87 Cr	-	11.89%	1.09
Steelman Telecom Ltd	-	-	₹73.15 Cr	-	-	-	-	-	-	2.75
Punjab Communications Ltd	-	13.03	₹71.42 Cr	-	₹5.49 Cr	-	₹26.01 Cr	-	19.3%	0
Telogica Ltd	-	-	₹55.46 Cr	-	₹-7.23 Cr	-	₹5.38 Cr	-	-70.82%	1.7
Nu Tek India Ltd	-	-	-	-	₹7.29 Cr	-	₹44.9 Cr	-	-0.98%	0.01
Frog Innovations Ltd	-	-	-	-	₹23.54 Cr	-	₹219.38 Cr	-	19.69%	0.08
Sar Televenture Ltd	-	-	-	-	₹47.66 Cr	-	₹325.61 Cr	-	6.35%	0.01
Rama Telecom Ltd	-	-	-	-	-	-	-	-	-	0.3
Kore Digital Ltd	-	-	-	-	₹49.32 Cr	-	₹493.81 Cr	-	58.45%	0.06
Webel Communication Industries Ltd	-	-	-	-	-	-	-	-	-	-

Quarterly Results

	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	35.94	43.81	91.15	48.48
↳ QoQ Growth	-	+21.9%	+108.1%	-46.8%
Expenses	34.27	41.39	70.42	42.34
Operating Profit	1.68	2.43	20.74	6.14
OPM %	4.67%	5.55%	22.75%	12.67%
Other Income	0.22	2.52	-0.16	0.26
Interest	0.06	0.07	0.21	0.64
Depreciation	1.16	1.19	1.28	0.66
EBITDA	2.84	3.62	22.02	6.8
EBITDA Margin %	7.9%	8.26%	24.16%	14.03%
Profit Before Tax	1.87	4.88	20.36	5.74
Tax %	36.9%	15.37%	25.1%	47.91%
Net Profit	1.17	4.13	15.25	2.99
↳ QoQ Growth	-	+253.0%	+269.2%	-80.4%
EPS	0.76	2.67	9.86	1.93

Profit & Loss

	Mar 2025	TTM
Sales	219.38	219.38
Expenses	188.42	188.42
Operating Profit	30.99	30.99
OPM %	14.13%	14.13%
Other Income	2.84	2.84
Interest	0.98	0.98
Depreciation	4.29	4.29
Profit Before Tax	32.85	32.85
Tax %	28.31%	28.31%
Net Profit	23.54	23.54
EPS	15.22	15.22

Compounded Sales Growth

10Y

TTM

Compounded Profit Growth

10Y

TTM

Stock Price CAGR

10Y

Return on Equity

10Y

Last Year

14.81%

Balance Sheet

	Mar 2024	Mar 2025	Mar 2026
Equity Capital	15.44	15.53	15.5543
Reserves	117.74	144.41	143.4123
Borrowings	4.7	20.21	12.86
Other Liabilities	20.27	39.76	20.31
Total Liabilities	158.15	219.91	192.1358
Fixed Assets	78.68	79.9	94.9677
CWIP	0	0	0.6773
Investments	0.05	0.05	0.05
Other Assets	79.42	139.96	96.44
Total Assets	158.15	219.91	192.1358

Cash Flows

	Mar 2026
Cash from Operating Activity	22.6419
Cash from Investing Activity	-15.3298
Cash from Financing Activity	-7.8007
Net Cash Flow	-0.4886

Ratios

	Mar 2025
Debtor Days	-
Inventory Days	-
Days Payable	-
Cash Conversion Cycle	-
Working Capital Days	332.26
ROCE %	15.52%

Shareholding Pattern

	Sep 2024	Mar 2025	Sep 2025	Mar 2026
Promoters %	72.71%	72.66%	72.54%	72.54%
FIIs %	0.01%	0.29%	0.2%	0.2%
DIIs %	0%	0%	0%	0.55%
Public %	21.78%	21.56%	22.67%	22.29%
No. of Shareholders	3,726	3,730	3,315	3,084

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