Skip to content

    Frog Cellsat

    Noida-based design house and manufacturer of Active DAS systems, RF repeaters, antennas and in-building wireless coverage equipment for telecom operators, airports and venues, now expanding into EMS, AI video surveillance and 5G site-implem

    Telecommunication
    Telecommunication
    View FROG earnings calls

    Overview

    Price

    Market Cap

    ₹329 Cr

    Sector

    Telecommunication

    Telecommunication

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital0001515161616
    Reserves455261100116143142140
    Borrowings184605201313
    Other Liabilities2628232324462522
    Total Liabilities888390139160225195190
    AssetsFixed Assets956876808987
    CWIP007360013
    Investments11121000111
    Other Assets686667948414410499
    Total Assets888390139160225195190

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating-39277-223
    Cash from Investing0-0-7-26-30-7-16
    Cash from Financing-4-8-335415-8
    SummaryCapital Expenditure
    Free Cash Flow-78-7-25-26-137
    FCF Margin

    Valuation

    Too capital-hungry for an earnings DCF

    For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.

    FROG · CAPITAL_INTENSIVE

    Learn to analyse Frog Cellsat

    Guides on how to read this kind of business and the numbers that matter.