Frog Innovations Ltd.

•

₹ 215.751.96%

2026-08-21

frogcellsat.comBSE: -NSE: FROG

Market Cap₹ 329 Cr.

Current Price₹ 199

High / Low₹ 275 / 124

Stock P/E—

Book Value₹ 102

Price to Book1.31

Dividend Yield0.00 %

ROCE-2.2 %

ROE-1.0 %

Face Value₹ 10

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ABOUT

KEY POINTS

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

PROS

Company is almost debt free

CONS

Company is loss-making at the operating / net level
Interest coverage is weak at -7.0x - earnings barely cover interest
Company has a low return on equity of 9.3% over last 3 years
Company has a low return on capital employed of 11.8%
Company's sales have been declining over the last five years

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

Peer comparison

EDIT COLUMNS

Information TechnologyTelecomTelecommunication - Equipment

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	ITI	280.45	102.39	26948.07	0.00	-32.25	49.30	425.03	-14.65	0.28	0.48
2.	SEDEMAC	3223.20	0.00	14237.04	0.00	333.10	—	3097.70	—	37.22	19.10
3.	BBOX	766.75	60.25	13617.42	0.13	55.92	17.90	1718.50	23.92	31.13	8.67
4.	TEJASNET	509.45	0.00	9066.88	0.00	-202.24	-4.32	402.16	99.11	-14.93	-24.96
5.	KRONECOMM	2420.00	0.00	1113.20	1.03	8.58	72.64	63.41	40.79	31.44	17.09
6.	KAVDEFENCE	56.85	0.00	341.81	0.00	-12.11	-1223.38	14.43	269.05	8.44	-103.12
7.	FROG	211.60	0.00	329.13	0.00	2.99	-59.48	48.48	8.94	-2.16	13.92
8.	PUNJCOMMU	50.77	0.00	61.04	0.00	2.87	718.86	5.83	-12.56	-0.52	13.75
9.	SHYAMTEL	13.65	0.00	15.38	0.00	-19.94	-405.32	0.00	—	0.00	—
10.	UNIINFO	11.29	0.00	12.07	0.00	0.14	440.00	8.36	-1.42	-0.99	5.29

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	38	31	33	35	45	44	36	44	91	48
	32	26	30	31	40	37	33	40	69	42
Operating Profit	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—
Other Income	0	0	1	0	0	2	0	3	-0	0
Interest	0	0	0	0	0	0	0	0	0	1
Depreciation	0	1	1	1	1	1	1	1	1	1
	6	5	4	4	4	8	2	5	20	6
Tax %	30.60%	16.28%	26.23%	36.07%	33.59%	12.88%	36.90%	15.37%	25.10%	47.91%
Net Profit	4	4	3	3	3	7	1	4	15	3
	3	3	2	2	2	5	1	3	10	2
Equity Capital	13	15	15	15	15	15	15	15	15	16
Reserves	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	13	15	15	15	15	15	15	15	15	16
Reserves	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Dec 2022

: 38
: 32
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 6
Tax %: 30.60%
Net Profit: 4
: 3
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2023

: 31
: 26
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 1
: 5
Tax %: 16.28%
Net Profit: 4
: 3
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2023

: 33
: 30
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 0
Depreciation: 1
: 4
Tax %: 26.23%
Net Profit: 3
: 2
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 35
: 31
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 1
: 4
Tax %: 36.07%
Net Profit: 3
: 2
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 45
: 40
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 1
: 4
Tax %: 33.59%
Net Profit: 3
: 2
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 44
: 37
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 0
Depreciation: 1
: 8
Tax %: 12.88%
Net Profit: 7
: 5
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 36
: 33
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 1
: 2
Tax %: 36.90%
Net Profit: 1
: 1
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 44
: 40
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 0
Depreciation: 1
: 5
Tax %: 15.37%
Net Profit: 4
: 3
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 91
: 69
Operating Profit: —
OPM %: —
Other Income: -0
Interest: 0
Depreciation: 1
: 20
Tax %: 25.10%
Net Profit: 15
: 10
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 48
: 42
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 1
: 6
Tax %: 47.91%
Net Profit: 3
: 2
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	87	121	133	135	158	219	106	219
	81	111	113	111	137	184	108	184
Operating Profit	8	19	23	25	24	38	2	—
OPM %	9	16	17	19	15	18	2	—
Other Income	1	8	3	1	3	3	3	3
Interest	2	1	1	1	0	1	1	1
Depreciation	3	2	1	2	3	4	5	4
	3	16	21	21	20	33	-4	33
Tax %	49	10	29	26	23	28	64	28
Net Profit	1	14	15	15	16	24	-2	24
EPS	278	2,852	13	11	10	15	-1	—
Dividend Payout %	0	0	34	0	0	0	0	—
Minority Interest	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0
Adjusted EPS	1	13	13	10	10	15	-1	—
Minority Interest	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0
Adjusted EPS	1	13	13	10	10	15	-1	—

Mar 2020

: 87
: 81
Operating Profit: 8
OPM %: 9
Other Income: 1
Interest: 2
Depreciation: 3
: 3
Tax %: 49
Net Profit: 1
EPS: 278
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2021

: 121
: 111
Operating Profit: 19
OPM %: 16
Other Income: 8
Interest: 1
Depreciation: 2
: 16
Tax %: 10
Net Profit: 14
EPS: 2,852
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 13
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 13

Mar 2022

: 133
: 113
Operating Profit: 23
OPM %: 17
Other Income: 3
Interest: 1
Depreciation: 1
: 21
Tax %: 29
Net Profit: 15
EPS: 13
Dividend Payout %: 34
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 13
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 13

Mar 2023

: 135
: 111
Operating Profit: 25
OPM %: 19
Other Income: 1
Interest: 1
Depreciation: 2
: 21
Tax %: 26
Net Profit: 15
EPS: 11
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 10
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 10

Mar 2024

: 158
: 137
Operating Profit: 24
OPM %: 15
Other Income: 3
Interest: 0
Depreciation: 3
: 20
Tax %: 23
Net Profit: 16
EPS: 10
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 10
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 10

Mar 2025

: 219
: 184
Operating Profit: 38
OPM %: 18
Other Income: 3
Interest: 1
Depreciation: 4
: 33
Tax %: 28
Net Profit: 24
EPS: 15
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 15
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 15

Mar 2026

: 106
: 108
Operating Profit: 2
OPM %: 2
Other Income: 3
Interest: 1
Depreciation: 5
: -4
Tax %: 64
Net Profit: -2
EPS: -1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1

TTM

: 219
: 184
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 1
Depreciation: 4
: 33
Tax %: 28
Net Profit: 24
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: -3%
3 Years:: -8%

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:: —
5 Years:: 13%
3 Years:: 9%
Last Year:: -1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-
Equity Capital	0	0	0	15	15	16	16
	45	60	69	101	117	140	143
	5	0	2	0	5	20	8
Trade Payables	16	24	15	12	11	31	12
	19	7	8	5	8	12	7
Total Liabilities	85	90	95	133	156	219	186
ASSETS	-	-	-	-	-	-	-
	19	15	20	13	82	85	92
Capital Work in Progress	0	0	7	36	0	0	1
	7	6	1	0	0	0	0
	18	17	24	25	26	32	33
	0	0	0	0	31	79	39
Cash & Bank	9	16	13	20	1	7	7
	32	37	31	39	16	16	14
Total Assets	85	90	95	133	156	219	186
Total Debt	20	6	6	0	5	20	13
Net Working Capital	24	36	38	60	49	72	60
Contingent Liabilities	0	0	0	0	0	10	0
Book Value per Share	9063.58	11915.10	13792.34	75.80	85.60	100.31	102.20
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	20	6	6	0	5	20	13
Net Working Capital	24	36	38	60	49	72	60
Contingent Liabilities	0	0	0	0	0	10	0
Book Value per Share	9063.58	11915.10	13792.34	75.80	85.60	100.31	102.20
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2020

Equity Capital: 0
: 45
: 5
Trade Payables: 16
: 19
Total Liabilities: 85
: 19
Capital Work in Progress: 0
: 7
: 18
: 0
Cash & Bank: 9
: 32
Total Assets: 85
Total Debt: 20
Net Working Capital: 24
Contingent Liabilities: 0
Book Value per Share: 9063.58
Face Value: 10.00
Total Debt: 20
Net Working Capital: 24
Contingent Liabilities: 0
Book Value per Share: 9063.58
Face Value: 10.00

Mar 2021

Equity Capital: 0
: 60
: 0
Trade Payables: 24
: 7
Total Liabilities: 90
: 15
Capital Work in Progress: 0
: 6
: 17
: 0
Cash & Bank: 16
: 37
Total Assets: 90
Total Debt: 6
Net Working Capital: 36
Contingent Liabilities: 0
Book Value per Share: 11915.10
Face Value: 10.00
Total Debt: 6
Net Working Capital: 36
Contingent Liabilities: 0
Book Value per Share: 11915.10
Face Value: 10.00

Mar 2022

Equity Capital: 0
: 69
: 2
Trade Payables: 15
: 8
Total Liabilities: 95
: 20
Capital Work in Progress: 7
: 1
: 24
: 0
Cash & Bank: 13
: 31
Total Assets: 95
Total Debt: 6
Net Working Capital: 38
Contingent Liabilities: 0
Book Value per Share: 13792.34
Face Value: 10.00
Total Debt: 6
Net Working Capital: 38
Contingent Liabilities: 0
Book Value per Share: 13792.34
Face Value: 10.00

Mar 2023

Equity Capital: 15
: 101
: 0
Trade Payables: 12
: 5
Total Liabilities: 133
: 13
Capital Work in Progress: 36
: 0
: 25
: 0
Cash & Bank: 20
: 39
Total Assets: 133
Total Debt: 0
Net Working Capital: 60
Contingent Liabilities: 0
Book Value per Share: 75.80
Face Value: 10.00
Total Debt: 0
Net Working Capital: 60
Contingent Liabilities: 0
Book Value per Share: 75.80
Face Value: 10.00

Mar 2024

Equity Capital: 15
: 117
: 5
Trade Payables: 11
: 8
Total Liabilities: 156
: 82
Capital Work in Progress: 0
: 0
: 26
: 31
Cash & Bank: 1
: 16
Total Assets: 156
Total Debt: 5
Net Working Capital: 49
Contingent Liabilities: 0
Book Value per Share: 85.60
Face Value: 10.00
Total Debt: 5
Net Working Capital: 49
Contingent Liabilities: 0
Book Value per Share: 85.60
Face Value: 10.00

Mar 2025

Equity Capital: 16
: 140
: 20
Trade Payables: 31
: 12
Total Liabilities: 219
: 85
Capital Work in Progress: 0
: 0
: 32
: 79
Cash & Bank: 7
: 16
Total Assets: 219
Total Debt: 20
Net Working Capital: 72
Contingent Liabilities: 10
Book Value per Share: 100.31
Face Value: 10.00
Total Debt: 20
Net Working Capital: 72
Contingent Liabilities: 10
Book Value per Share: 100.31
Face Value: 10.00

Mar 2026

Equity Capital: 16
: 143
: 8
Trade Payables: 12
: 7
Total Liabilities: 186
: 92
Capital Work in Progress: 1
: 0
: 33
: 39
Cash & Bank: 7
: 14
Total Assets: 186
Total Debt: 13
Net Working Capital: 60
Contingent Liabilities: 0
Book Value per Share: 102.20
Face Value: 10.00
Total Debt: 13
Net Working Capital: 60
Contingent Liabilities: 0
Book Value per Share: 102.20
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	11	7	10	7	7	-2	23
Cash from Investing	-1	4	-9	-35	-30	-7	-15
Cash from Financing	-8	-12	-5	35	4	15	-8
	1	-2	-4	7	-19	6	-0
Free Cash Flow	11	7	-3	-17	-27	-10	10
OCF / Net Profit	7.90	0.49	0.69	0.48	0.46	-0.09	-14.46
Cumulative 5-Year FCF	0	0	0	0	0	-50	-47
OCF / Net Profit	7.90	0.49	0.69	0.48	0.46	-0.09	-14.46
Cumulative 5-Year FCF	0	0	0	0	0	-50	-47

Mar 2020

: 11
Cash from Investing: -1
Cash from Financing: -8
: 1
Free Cash Flow: 11
OCF / Net Profit: 7.90
Cumulative 5-Year FCF: 0
OCF / Net Profit: 7.90
Cumulative 5-Year FCF: 0

Mar 2021

: 7
Cash from Investing: 4
Cash from Financing: -12
: -2
Free Cash Flow: 7
OCF / Net Profit: 0.49
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.49
Cumulative 5-Year FCF: 0

Mar 2022

: 10
Cash from Investing: -9
Cash from Financing: -5
: -4
Free Cash Flow: -3
OCF / Net Profit: 0.69
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.69
Cumulative 5-Year FCF: 0

Mar 2023

: 7
Cash from Investing: -35
Cash from Financing: 35
: 7
Free Cash Flow: -17
OCF / Net Profit: 0.48
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.48
Cumulative 5-Year FCF: 0

Mar 2024

: 7
Cash from Investing: -30
Cash from Financing: 4
: -19
Free Cash Flow: -27
OCF / Net Profit: 0.46
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.46
Cumulative 5-Year FCF: 0

Mar 2025

: -2
Cash from Investing: -7
Cash from Financing: 15
: 6
Free Cash Flow: -10
OCF / Net Profit: -0.09
Cumulative 5-Year FCF: -50
OCF / Net Profit: -0.09
Cumulative 5-Year FCF: -50

Mar 2026

: 23
Cash from Investing: -15
Cash from Financing: -8
: -0
Free Cash Flow: 10
OCF / Net Profit: -14.46
Cumulative 5-Year FCF: -47
OCF / Net Profit: -14.46
Cumulative 5-Year FCF: -47

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-
EPS (₹)	278.24	2851.52	2949.24	9.81	10.05	15.17	-1.01
Book Value (₹)	9063.58	11915.10	13792.34	75.80	85.60	100.31	102.20
Dividend per Share (₹)	0.00	0.00	1000.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	3.84	14.18	14.25	10.86	12.07	17.93	2.34
PROFITABILITY	-	-	-	-	-	-	-
Operating Margin %	8.99%	15.61%	17.20%	18.64%	12.94%	16.21%	-1.49%
Net Margin %	1.60%	11.79%	11.09%	11.16%	9.84%	10.73%	-1.48%
ROE %	3.07%	27.18%	22.94%	16.27%	12.48%	16.36%	-1.00%
ROCE %	7.50%	26.29%	30.63%	21.99%	16.16%	21.45%	-2.16%
	1.63%	16.24%	15.94%	13.23%	10.73%	12.56%	-0.77%
EFFICIENCY	-	-	-	-	-	-	-
Debtor Days	90	73	64	64	68	91	203
Inventory Days	77	53	55	66	59	48	112
Payable Days	119	92	91	72	47	63	146
	48	34	28	58	81	77	169
FINANCIAL HEALTH	-	-	-	-	-	-	-
Debt to Equity (x)	0.43x	0.10x	0.09x	0.00x	0.04x	0.13x	0.08x
Interest Coverage (x)	2.26x	13.96x	34.44x	37.00x	43.29x	26.92x	-6.97x
	1.83x	2.33x	2.54x	4.12x	3.15x	2.24x	3.33x
GROWTH	-	-	-	-	-	-	-
Revenue Growth %	0.00%	38.96%	9.96%	1.67%	16.68%	39.09%	-51.65%
Operating Profit Growth %	0.00%	141.50%	21.10%	10.21%	-6.35%	62.73%	-95.20%
Net Profit Growth %	0.00%	924.84%	3.43%	2.33%	2.84%	51.75%	-106.65%
	0.00%	0.00%	0.00%	0.00%	2.44%	50.84%	-106.64%
VALUATION	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	16.38x	14.34x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x	1.92x	2.17x	1.31x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	10.91x	9.14x	116.29x

Mar 2020

EPS (₹): 278.24
Book Value (₹): 9063.58
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.84
Operating Margin %: 8.99%
Net Margin %: 1.60%
ROE %: 3.07%
ROCE %: 7.50%
: 1.63%
Debtor Days: 90
Inventory Days: 77
Payable Days: 119
: 48
Debt to Equity (x): 0.43x
Interest Coverage (x): 2.26x
: 1.83x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 2851.52
Book Value (₹): 11915.10
Dividend per Share (₹): 0.00
Cash EPS (₹): 14.18
Operating Margin %: 15.61%
Net Margin %: 11.79%
ROE %: 27.18%
ROCE %: 26.29%
: 16.24%
Debtor Days: 73
Inventory Days: 53
Payable Days: 92
: 34
Debt to Equity (x): 0.10x
Interest Coverage (x): 13.96x
: 2.33x
Revenue Growth %: 38.96%
Operating Profit Growth %: 141.50%
Net Profit Growth %: 924.84%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 2949.24
Book Value (₹): 13792.34
Dividend per Share (₹): 1000.00
Cash EPS (₹): 14.25
Operating Margin %: 17.20%
Net Margin %: 11.09%
ROE %: 22.94%
ROCE %: 30.63%
: 15.94%
Debtor Days: 64
Inventory Days: 55
Payable Days: 91
: 28
Debt to Equity (x): 0.09x
Interest Coverage (x): 34.44x
: 2.54x
Revenue Growth %: 9.96%
Operating Profit Growth %: 21.10%
Net Profit Growth %: 3.43%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 9.81
Book Value (₹): 75.80
Dividend per Share (₹): 0.00
Cash EPS (₹): 10.86
Operating Margin %: 18.64%
Net Margin %: 11.16%
ROE %: 16.27%
ROCE %: 21.99%
: 13.23%
Debtor Days: 64
Inventory Days: 66
Payable Days: 72
: 58
Debt to Equity (x): 0.00x
Interest Coverage (x): 37.00x
: 4.12x
Revenue Growth %: 1.67%
Operating Profit Growth %: 10.21%
Net Profit Growth %: 2.33%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 10.05
Book Value (₹): 85.60
Dividend per Share (₹): 0.00
Cash EPS (₹): 12.07
Operating Margin %: 12.94%
Net Margin %: 9.84%
ROE %: 12.48%
ROCE %: 16.16%
: 10.73%
Debtor Days: 68
Inventory Days: 59
Payable Days: 47
: 81
Debt to Equity (x): 0.04x
Interest Coverage (x): 43.29x
: 3.15x
Revenue Growth %: 16.68%
Operating Profit Growth %: -6.35%
Net Profit Growth %: 2.84%
: 2.44%
P/E (x): 16.38x
P/B (x): 1.92x
Dividend Yield %: 0.00%
: 10.91x

Mar 2025

EPS (₹): 15.17
Book Value (₹): 100.31
Dividend per Share (₹): 0.00
Cash EPS (₹): 17.93
Operating Margin %: 16.21%
Net Margin %: 10.73%
ROE %: 16.36%
ROCE %: 21.45%
: 12.56%
Debtor Days: 91
Inventory Days: 48
Payable Days: 63
: 77
Debt to Equity (x): 0.13x
Interest Coverage (x): 26.92x
: 2.24x
Revenue Growth %: 39.09%
Operating Profit Growth %: 62.73%
Net Profit Growth %: 51.75%
: 50.84%
P/E (x): 14.34x
P/B (x): 2.17x
Dividend Yield %: 0.00%
: 9.14x

Mar 2026

EPS (₹): -1.01
Book Value (₹): 102.20
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.34
Operating Margin %: -1.49%
Net Margin %: -1.48%
ROE %: -1.00%
ROCE %: -2.16%
: -0.77%
Debtor Days: 203
Inventory Days: 112
Payable Days: 146
: 169
Debt to Equity (x): 0.08x
Interest Coverage (x): -6.97x
: 3.33x
Revenue Growth %: -51.65%
Operating Profit Growth %: -95.20%
Net Profit Growth %: -106.65%
: -106.64%
P/E (x): 0.00x
P/B (x): 1.31x
Dividend Yield %: 0.00%
: 116.29x

Shareholding Pattern

Numbers in percentages

TRADES

	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

Sep 2022

: 99.99
: 0.00
: 0.00
Government: 0.00
: 0.01

Mar 2023

: 74.39
: 0.00
: 1.75
Government: 0.00
: 23.86

Sep 2023

: 74.39
: 0.00
: 1.87
Government: 0.00
: 23.74

Mar 2024

: 74.10
: 0.00
: 0.00
Government: 0.00
: 25.90

Sep 2024

: 72.71
: 0.01
: 0.00
Government: 0.00
: 27.28

Mar 2025

: 72.66
: 0.29
: 0.00
Government: 0.00
: 27.05

Sep 2025

: 72.54
: 0.20
: 0.12
Government: 0.00
: 27.14

Mar 2026

: 72.54
: 0.20
: 0.55
Government: 0.00
: 26.71

Documents

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Concalls

May 2026
Transcript PPTREC
Dec 2025
Transcript PPTREC
May 2025
Transcript PPTREC