Frog Innovations Ltd.

•

frogcellsat.comBSE: -NSE: FROG

Market Cap₹ 401 Cr.

Current Price

High / Low₹ 276 / 124

Stock P/E0.0

Book Value₹ 100

Price to Book1.34

Dividend Yield0.00 %

ROCE-3.7 %

ROE-2.4 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2013 • Sale: 92.4% • Services: 7.6%

AI Sector View

AI GENERATED

Information Technology

Buy

IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.

Confidence

68%

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PROS

Company is almost debt free

CONS

Company is loss-making at the operating / net level
Interest coverage is weak at -11.9x - earnings barely cover interest
Company has a low return on equity of 8.8% over last 3 years
Company has a low return on capital employed of 11.2%
Company's sales have been declining over the last five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Information TechnologyTelecomTelecommunication - Equipment

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ITI	267.15	97.53	25670.09	0.00	-32.25	49.30	425.03	-14.65	0.28	0.48
2.	BBOX	762.80	59.94	13547.27	0.13	55.92	17.90	1718.50	23.92	22.50	8.67
3.	SEDEMAC	2849.95	121.53	12588.37	0.00	333.10	—	3097.70	—	37.22	19.10
4.	TEJASNET	575.85	0.00	10253.89	0.00	-202.24	-4.32	402.16	99.11	-14.93	-24.96
5.	KRONECOMM	2337.30	47.71	1075.16	1.07	8.58	72.64	63.41	40.79	31.44	17.09
6.	FROG	257.95	0.00	401.22	0.00	2.99	-59.48	48.48	8.94	-2.16	13.92
7.	KAVDEFENCE	63.44	0.00	381.43	0.00	-12.11	-1223.38	14.43	269.05	8.44	-103.12
8.	PUNJCOMMU	61.93	13.56	74.46	0.00	2.87	718.86	5.83	-12.56	-0.52	13.75
9.	SHYAMTEL	11.52	0.00	12.98	0.00	-19.94	-405.32	0.00	—	0.00	—
10.	UNIINFO	11.25	0.00	12.03	0.00	0.14	440.00	8.36	-1.42	-0.99	5.29

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	0	38	31	33	35	45	44	36	44	91	48
	0	32	26	29	30	40	38	32	41	69	42
Operating Profit	0	6	6	4	5	5	7	4	2	22	7
OPM %	—	16.10%	18.09%	11.98%	13.32%	10.23%	14.64%	11.10%	5.23%	24.48%	13.47%
	0	0	1	1	-0	0	2	0	3	-0	0
Interest	0	0	0	0	0	0	0	0	0	0	1
Depreciation	0	0	1	1	1	1	1	1	1	1	1
Profit before Tax	0	6	6	4	4	4	7	3	4	21	5
Tax %	—	30.69%	17.47%	25.25%	33.08%	27.18%	11.19%	22.77%	21.35%	24.18%	49.27%
Net Profit	0	4	5	3	3	3	7	2	3	16	3
	0.00	3.11	3.51	1.95	1.75	1.84	4.29	1.52	1.81	10.11	1.80

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	87	89	60	87	120	133	135	158	219	87	219
	76	84	64	82	110	114	111	138	184	91	184
Operating Profit	11	5	-4	5	10	19	25	20	35	-4	35
OPM %	12.64%	5.09%	-6.59%	5.82%	8.15%	14.32%	18.25%	12.54%	16.15%	-4.49%	16.01%
	2	2	1	2	3	3	-1	3	3	3	3
Interest	1	2	2	2	1	1	1	0	1	1	1
Depreciation	2	2	3	3	2	1	2	3	4	5	4
Profit before Tax	10	3	-8	2	9	20	21	19	33	-7	33
Tax %	20.84%	6.18%	18.90%	53.89%	29.76%	29.80%	26.54%	21.87%	27.96%	47.66%	27.94%
Net Profit	8	3	-7	1	7	14	15	15	24	-4	24
EPS	1550.69	606.15	-1371.27	193.29	1321.54	12.35	11.68	9.79	15.17	-2.36	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	35.82%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 0%
5 Years:: -6%
3 Years:: -14%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 4%
1 Year:: -26%

RETURN ON EQUITY

10 Years:: 9%
5 Years:: 14%
3 Years:: 9%
Last Year:: -2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0	0	0	0	0	0	15	15	16	16
	48	51	44	45	52	61	100	115	139	140
	13	26	24	18	4	5	0	5	20	13
Trade Payables	7	6	3	18	24	15	11	9	30	10
	0	2	-0	1	2	2	4	9	12	-0
Total Liabilities	68	85	71	82	82	83	131	154	217	178
	9	9	12	9	5	6	8	76	80	87
Capital Work in Progress	0	2	0	0	0	7	36	0	0	1
	2	10	10	11	12	10	0	0	1	1
	15	18	16	18	16	24	25	26	32	33
	0	0	0	0	0	0	0	31	79	34
Cash & Bank	6	8	7	9	10	4	20	1	6	5
	37	37	26	35	38	32	41	19	19	17
Total Assets	68	85	71	82	82	83	131	154	217	178

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3	11	-2	10	7	5	15	7	-2	23
Cash from Investing	-1	-18	0	-0	5	-7	-33	-30	-7	-16
Cash from Financing	0	10	-4	-8	-14	-3	35	4	15	-8
	-0	2	-7	1	-2	-8	9	-19	5	-1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	99.99	74.39	74.39	74.10	72.71	72.66	72.54	72.54
	0.00	0.00	0.00	0.00	0.01	0.29	0.20	0.20
	0.00	1.75	1.87	0.00	0.00	0.00	0.12	0.55
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.01	23.86	23.74	25.90	27.28	27.05	27.14	26.71

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for FROG

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AI Stock Analyst

Frog Innovations Ltd.

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Name

ITI

267.15

97.53

25670.09

0.00

-32.25

49.30

425.03

-14.65

0.28

0.48

BBOX

762.80

59.94

13547.27

0.13

55.92

17.90

1718.50

23.92

22.50

8.67

SEDEMAC

2849.95

121.53

12588.37

0.00

333.10

—

3097.70

—

37.22

19.10

TEJASNET

575.85

0.00

10253.89

0.00

-202.24

-4.32

402.16

99.11

-14.93

-24.96

KRONECOMM

2337.30

47.71

1075.16

1.07

8.58

72.64

63.41

40.79

31.44

17.09

FROG

257.95

0.00

401.22

0.00

2.99

-59.48

48.48

8.94

-2.16

13.92

KAVDEFENCE

63.44

0.00

381.43

0.00

-12.11

-1223.38

14.43

269.05

8.44

-103.12

PUNJCOMMU

61.93

13.56

74.46

0.00

2.87

718.86

5.83

-12.56

-0.52

13.75

SHYAMTEL

11.52

0.00

12.98

0.00

-19.94

-405.32

0.00

—

0.00

—

UNIINFO

11.25

0.00

12.03

0.00

0.14

440.00

8.36

-1.42

-0.99

5.29

Mar 2022

Dec 2022

Mar 2023

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Operating Profit

OPM %

—

16.10%

18.09%

11.98%

13.32%

10.23%

14.64%

11.10%

5.23%

24.48%

13.47%

-0

Interest

Depreciation

Profit before Tax

Tax %

—

30.69%

17.47%

25.25%

33.08%

27.18%

11.19%

22.77%

21.35%

24.18%

49.27%

Net Profit

0.00

3.11

3.51

1.95

1.75

1.84

4.29

1.52

1.81

10.11

1.80

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

120

133

135

158

219

110

114

111

138

184

Operating Profit

-4

OPM %

12.64%

5.09%

-6.59%

5.82%

8.15%

14.32%

18.25%

12.54%

16.15%

-4.49%

16.01%

-1

Interest

Depreciation

Profit before Tax

-8

-7

Tax %

20.84%

6.18%

18.90%

53.89%

29.76%

29.80%

26.54%

21.87%

27.96%

47.66%

27.94%

Net Profit

-7

-4

EPS

1550.69

606.15

-1371.27

193.29

1321.54

12.35

11.68

9.79

15.17

-2.36

—

Dividend Payout %

0.00%

35.82%

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

100

115

139

140

Trade Payables

-0

Total Liabilities

131

154

217

178

Capital Work in Progress

Cash & Bank

Total Assets

131

154

217

178

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-2

Cash from Investing

-1

-18

-0

-7

-33

-30

-7

-16

Cash from Financing

-4

-8

-14

-3

-8

-0

-7

-2

-8

-19

-1

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Sep 2022

Mar 2023

Sep 2023

Mar 2024

Sep 2024

Mar 2025

Sep 2025

Mar 2026

99.99

74.39

74.10

72.71

72.66

72.54

0.00

0.01

0.29

0.20

0.00

1.75

1.87

0.00

0.12

0.55

Government

0.00

0.01

23.86

23.74

25.90

27.28

27.05

27.14

26.71

Frog Innovations Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Frog Innovations Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI