| 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
- ₹269.65
- Market cap
- ₹419.4 Cr
- Revenue (annual)
- ₹106.1 Cr
- Net profit (annual)
- ₹-1.57 Cr
- P/E (TTM)
- -267.9×Sector 68.0×
- 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.
More from Frog Innovations Ltd
All →Frog Innovations Earnings Call: Key Takeaways
Frog Innovations focuses on recovering from a weak FY26 by targeting FY27 revenue of ₹220 Cr. Growth is pivoted toward Surveillance (CCTV) and EMS, shifting from legacy DAS business.
- Call
- Guides 108% growth
Frog Innovations Earnings Call: Key Takeaways
Frog Innovations FY26 earnings transcript highlights a transformative yet challenging year due to telecom capex slowdown and DAS delays. Management maintains a vision of ₹500cr revenue with ₹75cr EBITDA.
Frog Innovations Earnings Call: Key Takeaways
Frog Innovations reported FY26 revenue of ₹1,061M with an EBITDA loss of ₹15.8M. Management is pivoting towards EMS, AI surveillance, and 5G services to drive a recovery in FY27.
Frog Innovations H2 FY26 Results: Net Loss of ₹0.5 Cr
Frog Innovations Ltd reported revenue from operations of ₹51.1 Cr (-63.4% YoY) and a net loss of ₹0.5 Cr for H2 FY26.
- Key figure
- Net loss ₹0.5 Cr