Frog Innovations LimitedFROGCorporate

Telecommunications - Equipment Latest results: Mar 2026 6 quarters of data

₹259.20

MCap ₹403 Cr

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₹51 Cr

Sales · Mar 2026

+5.2% YoY

₹-2 Cr

Operating Profit · Mar 2026

-130.6% YoY

-3.9%

OPM % · Mar 2026

-128.9% YoY

₹-1 Cr

Net Profit · Mar 2026

-136.0% YoY

₹-0.35

EPS · Mar 2026

-119.4% YoY

📝 Frog Innovations Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Frog Innovations Limited reported revenue of ₹51 crore for the quarter ended March 2026 (Q4 FY26), up 5.2% from ₹48 crore in the same quarter last year.

The company reported a net loss of ₹1 crore, against a net profit of ₹3 crore in the same quarter last year. Earnings per share (EPS) came in at ₹-0.35.

Operating profit stood at ₹-2 crore — an operating margin (OPM) of -3.9%, compared with 13.5% in the year-ago quarter.

Full year and trailing twelve months

On a trailing-twelve-month (TTM) basis, revenue stands at ₹106 crore with a net loss of ₹2 crore.

Valuation snapshot

At the current price of ₹259.20, FROG has a market capitalisation of ₹403 crore.

Within the Telecommunications - Equipment industry, it is the 3rd-largest of the 3 companies we track by market value.

Shareholding pattern

As of Mar 2026, promoters held 72.54%, foreign institutional investors (FIIs) 0.20%, domestic institutional investors (DIIs) 0.55%, public shareholders 26.71% of Frog Innovations Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹403 Cr

Current Price ?

₹259.2

P/E ?

N/A

Industry P/E ?

N/A

P/B ?

2.54

P/S ?

3.80

P/FCF ?

57.60

Enterprise Value ?

₹416 Cr

EV/EBITDA ?

-416.17

PEG ?

N/A

Earnings Yield ?

-1.5%

Dividend Yield ?

0.00%

Profitability & Returns

Sales (TTM) ?

₹106 Cr

OPM ?

-0.9%

Profit after tax (TTM) ?

₹-2 Cr

EPS (TTM) ?

₹-1.29

ROCE ?

-2.0%

ROE ?

-1.3%

ROA ?

-1.0%

Growth

Sales — latest qtr ?

₹51 Cr

PAT — latest qtr ?

₹-1 Cr

YoY qtr sales growth ?

5.2%

YoY qtr profit growth ?

-136.0%

Sales growth (3y) ?

-8%

Sales growth (5y) ?

-3%

Profit growth (3y) ?

N/A

Profit growth (5y) ?

N/A

Financial Health

Debt ?

₹13 Cr

Debt to Equity ?

0.08

Interest Coverage ?

N/A

Current Ratio ?

N/A

Ownership

Promoter holding ?

72.54%

Change in promoter holding ?

-0.17%

Pledged percentage ?

N/A

Market

Return 3 months ?

47.4%

Return 6 months ?

57.4%

🗓️ Quarterly results (6 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Sep 2022	Sep 2023	Sep 2024	Mar 2025	Sep 2025	Mar 2026	YoY %	QoQ %
Sales	66	35	80	48	55	51	+5.2%	—
Operating Profit	11	5	6	7	1	-2	-130.6%	—
Other Income	0	-0	3	0	0	0	-100.0%	—
Interest	0	0	0	1	0	0	-100.0%	—
Depreciation	1	1	2	1	2	3	+360.5%	—
Profit Before Tax	10	4	7	5	-1	-5	-191.3%	—
Net Profit	7	3	5	3	-1	-1	-136.0%	—
EPS	6.35	1.75	3.43	1.80	-0.66	-0.35	-119.4%	—
OPM %	16.7%	13.3%	7.5%	13.5%	1.8%	-3.9%	-128.9%	—

📆 Annual results (₹ Cr, FY = Apr–Mar)

Annual rollup not yet available We need at least 3 quarters of a fiscal year to compute annual figures. This symbol does not yet have a complete fiscal year in our database.

🏛️ Balance Sheet (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	15	15	16	16	+0.0%
Reserves	101	118	144	143	-0.7%
Borrowings	0	5	20	13	-35.0%
Other Liabilities	25	25	47	20	-57.4%
Total Liabilities	141	163	227	192	-15.4%
Fixed Assets	13	82	85	95	+11.8%
CWIP	36	0	0	1	—
Investments	0	0	0	0	—
Other Assets	92	81	142	96	-32.4%
Total Assets	141	163	227	192	-15.4%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	7	7	-2	23	+1250.0%
Cash from Investing Activity	-35	-30	-7	-15	-114.3%
Cash from Financing Activity	35	4	15	-8	-153.3%
Net Cash Flow	7	-19	6	-0	-100.0%
Free Cash Flow	-26	-26	-13	7	+153.8%
CFO/OP	55%	63%	9%	-1,703%	-19022.2%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	75	71	132	134	+1.5%
Inventory Days	156	126	118	229	+94.1%
Days Payable	63	45	92	83	-9.8%
Cash Conversion Cycle	168	152	157	280	+78.3%
Working Capital Days	119	121	120	183	+52.5%
ROCE %	25%	14%	21%	-2%	-109.5%

👥 Shareholding (latest 4 periods)

Metric	Sep 2024	Mar 2025	Sep 2025	Mar 2026	% Chg
Promoters	72.71%	72.66%	72.54%	72.54%	+0.0%
FIIs	0.01%	0.29%	0.20%	0.20%	+0.0%
DIIs	0.00%	0.00%	0.12%	0.55%	+358.3%
Public	27.28%	27.05%	27.14%	26.71%	-1.6%
No. of Shareholders	3,726	3,730	3,315	3,084	-7.0%

⚖️ Peer comparison

Industry: Telecommunications - Equipment · 3 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	TEJASNET Tejas Networks	₹461.00	8,202	—	1,446	-817	-31.7%	-56.5%	-87.6%	-303.8%	55.2%	32.6%
2	GTLINFRA GTL Infrastructure	₹1.11	1,422	1.3	1,365	1,081	29.3%	79.2%	2.1%	189.0%	-2.2%	129.9%
3	FROG Frog Innovations	₹319.35	497	—	106	-2	-0.9%	-1.9%	—	—	5.2%	-136.0%

❓ Frequently asked questions

What was Frog Innovations Limited's revenue in Q4 FY26?