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Frog Innovations (FROG)₹262.50−5.18%Telecom - Equipment & Accessories
In the Mar 2026 quarter (consolidated), Frog Innovations reported sales of ₹51.07 Cr, down 63.6% from Mar 2025, and net profit of −₹1.01 Cr, down 105.6% year on year. For the year to Mar 2026, sales were ₹106 Cr and net profit −₹2.01 Cr.
Company filings, consolidated accounts; latest reported quarter Mar 2026
| Sep 2023 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales | 69.14 | 80.14 | 140 | 55.06 | 51.07 |
| Expenses | 60.05 | 73.13 | 111 | 54.09 | 53.10 |
| Operating Profit | 8.03 | 6.02 | 29.10 | 1.01 | −2.01 |
| OPM % | 12.0% | 8.0% | 21.0% | 1.0% | −4.2% |
| Other Income | 1.01 | 3.01 | 0.00 | 3.01 | 0.00 |
| Interest | 0.00 | 0.00 | 1.01 | 1.01 | 0.00 |
| Depreciation | 0.99 | 1.99 | 1.99 | 1.99 | 2.99 |
| Profit before tax | 8.03 | 7.02 | 26.07 | 0.00 | −5.02 |
| Tax % | 31.0% | 21.0% | 30.1% | 349.1% | −88.0% |
| Exceptional items | 0.00 | 0.00 | −0.03 | 0.00 | −0.44 |
| Net Profit | 5.02 | 5.02 | 18.06 | −1.01 | −1.01 |
| EPS (Rs) | 3.44 | 3.44 | 11.77 | −0.67 | −0.36 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 89.18 | 60.05 | 87.18 | 121 | 133 | 133 | 158 | 219 | 106 |
| Expenses | 84.15 | 64.06 | 81.15 | 110 | 113 | 111 | 137 | 184 | 108 |
| Operating Profit | 5.02 | −3.01 | 6.02 | 11.05 | 20.07 | 22.08 | 20.06 | 36.12 | −2.01 |
| OPM % | 6.0% | −5.0% | 7.0% | 9.0% | 14.9% | 16.9% | 13.0% | 16.0% | −1.5% |
| Other Income | 2.01 | 1.01 | 2.01 | 8.01 | 3.01 | 1.01 | 3.01 | 3.01 | 3.01 |
| Interest | 2.01 | 2.01 | 2.01 | 1.01 | 1.01 | 1.01 | 0.00 | 1.01 | 1.01 |
| Depreciation | 1.99 | 3.99 | 2.99 | 1.99 | 0.99 | 1.99 | 2.99 | 3.98 | 4.98 |
| Profit before tax | 3.01 | −8.03 | 3.01 | 16.06 | 21.06 | 20.05 | 20.06 | 33.09 | −4.01 |
| Tax % | 7.0% | −18.9% | 41.1% | 10.1% | 29.0% | 26.1% | 23.1% | 28.1% | −64.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 5.02 | 0.00 | −2.01 | 2.01 | 0.00 | 0.00 |
| Net Profit | 3.01 | −7.03 | 2.01 | 14.05 | 15.06 | 15.05 | 16.07 | 24.07 | −2.01 |
| EPS (Rs) | 636.76 | −1,349.90 | 388.44 | 2,855.89 | 2,953.98 | 9.83 | 10.06 | 15.19 | −1.02 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 15.00 | 14.98 | 15.99 | 15.97 |
| Reserves | 50.87 | 43.89 | 45.89 | 59.89 | 68.91 | 101 | 118 | 144 | 143 |
| Borrowings | 25.99 | 25.98 | 20.00 | 6.02 | 6.01 | 0.00 | 5.00 | 19.99 | 12.98 |
| Other Liabilities | 13.93 | 12.93 | 26.87 | 31.84 | 25.87 | 24.88 | 24.88 | 46.78 | 25.87 |
| Total Liabilities | 90.80 | 82.81 | 92.77 | 96.76 | 101 | 141 | 163 | 226 | 197 |
| Fixed Assets | 18.92 | 20.91 | 18.93 | 14.94 | 19.93 | 12.94 | 81.63 | 84.62 | 91.60 |
| CWIP | 1.99 | 0.99 | 0.00 | 0.00 | 6.98 | 35.88 | 0.00 | 0.00 | 2.99 |
| Investments | 4.01 | 5.01 | 7.01 | 6.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 66.88 | 55.90 | 66.83 | 76.81 | 73.89 | 91.85 | 80.91 | 142 | 102 |
| Inventories | 22.16 | 20.81 | 22.33 | 20.69 | 27.89 | 29.25 | 30.77 | 39.22 | 39.08 |
| Trade receivables | 17.02 | 12.72 | 21.56 | 26.81 | 19.73 | 27.95 | 30.93 | 79.42 | 39.17 |
| Cash & equivalents | 8.45 | 6.89 | 9.33 | 16.35 | 12.76 | 20.25 | 1.44 | 7.14 | 6.64 |
| Total Assets | 90.80 | 82.81 | 92.77 | 96.76 | 101 | 141 | 163 | 226 | 197 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 9.01 | −2.01 | 11.01 | 6.99 | 9.99 | 7.01 | 7.01 | −2.01 | 22.99 |
| Cash from investing activity | −11.98 | −2.99 | −0.99 | 4.01 | −8.99 | −34.97 | −29.99 | −6.99 | −14.99 |
| Cash from financing activity | 6.99 | −1.99 | −7.99 | −11.99 | −4.99 | 34.98 | 3.99 | 14.99 | −7.99 |
| Net cash flow | 4.01 | −7.01 | 1.01 | −2.01 | −4.01 | 7.01 | −19.01 | 6.01 | 0.00 |
| Capex | 4.88 | 2.15 | 0.00 | 0.53 | 9.49 | 33.63 | 36.54 | 11.09 | 15.59 |
| Free cash flow | 4.98 | −3.98 | 10.96 | 7.97 | 0.99 | −25.90 | −25.89 | −12.95 | 6.97 |
| CFO / OP % | 226.1% | 20.1% | 197.1% | 65.1% | 62.1% | 61.1% | 63.1% | 9.1% | −1,702.9% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 69 | 75 | 89 | 80 | 53 | 75 | 70 | 131 | 133 |
| Inventory days | 145 | 234 | 170 | 95 | 128 | 156 | 126 | 118 | 267 |
| Days payable | 33 | 31 | 118 | 111 | 70 | 62 | 44 | 91 | 82 |
| Cash conversion cycle | 182 | 279 | 142 | 65 | 112 | 170 | 153 | 158 | 320 |
| Working capital days | 87 | 120 | 75 | 69 | 81 | 122 | 122 | 121 | 203 |
| ROCE % | — | −7.9% | 8.0% | 18.1% | 30.1% | 25.1% | 14.1% | 21.1% | −2.0% |
For the Mar 2026 quarter, Frog Innovations reported sales of ₹51.07 Cr, down 63.6% year on year and net profit of −₹1.01 Cr, down 105.6% year on year. The operating margin was −4.2%.
Frog Innovations' sales for the year to Mar 2026 were ₹106 Cr.
Net profit for the year to Mar 2026 was −₹2.01 Cr. Earnings per share over the same trailing period were ₹−1.02.
Frog Innovations reported borrowings of ₹12.98 Cr at Mar 2026, against cash and equivalents of ₹6.64 Cr.
Cash from operations was ₹22.99 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹6.97 Cr.