| Revenue growth | Moderate growth due to telecom capex delays and airport project stalemates. |
|---|---|
| Order book | Order book stands at ₹36-38cr as of March 31, 2026. |
| Demand visibility | Reviving demand in DAS; strong pipeline for AI-powered surveillance solutions. |
| Management confidence | Optimistic about long-term pivot but defensive regarding recent revenue hits. |
Growth
FY26 revenue was muted; EMS and 5G implementation are early-stage growth drivers with ₹5cr EMS revenue target.
Outlook
Aspirational target of ₹500cr revenue and ₹75cr EBITDA by FY28, contingent on surveillance market capture.
Risks
Heavy dependence on telecom operator capex and prolonged stalemates in major airport infrastructure projects (DAS).
Earnings Call filed with NSE, NSE: FROG. Summary written with AI assistance from the document.
Frog Innovations Ltd: key numbers
- Share price
- ₹255.00
- Market cap
- ₹396.6 Cr
- Revenue (annual)
- ₹106.1 Cr
- Net profit (annual)
- ₹-1.57 Cr
- P/E (TTM)
- -253.3×Sector 75.4×
- Promoter holding
- 72.54%
- FII holding
- 0.20%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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- Call
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