Frog Cellsat

Noida, India Founded: 2004 • Age: 22 yrs Listed
RF wireless repeaters provider

About Frog Cellsat

Frog Cellsat is a publicly listed company based in Noida (India) founded in 2004 by Konark Trivedi. RF wireless repeaters provider. The company has 206 employees. Its chief executive, as recorded, is Pannkaj Gandhi. Its Indian entity Frog Innovations Limited reported revenue of β‚Ή109 Cr. Frog Cellsat offers products and services including Repeaters, Antennas, DAS Solutions, and RF Cables. Its focus areas include Telecom, Telecom Infrastructure Tech, Transport Network and Equipment.

Company details

Frog Cellsat was founded in 2004 and is based in Noida, India. RF wireless repeaters are provided by the company to network operators and service providers, focusing on in-building solutions for 2G, 3G, and 4G networks. The product range includes home and premium repeaters, along with accessories such as diplexers, amplifiers, and antennas. Services offered encompass site surveys, installation, integration, testing, and maintenance.

  • Headquarters Noida, India
  • Employees 206
  • Founders Konark Trivedi
  • Stage Public
  • Sectors
    Telecommunications
  • Email
    β€’β€’β€’β€’β€’β€’β€’β€’
  • Website frogcellsat.com
  • Social LinkedIn X Facebook
  • Legal Name Frog Cellsat Ltd.
Key Metrics
  • Market Cap
    ₹355 Cr

    FROG-SM · NSE

  • Share Price
    ₹232.30

    +1.71% today

  • Revenue
    ₹106 Cr

    FY 2025-26 · -51.7% YoY

  • EBITDA
    −₹2.01 Cr

    Margin -1.9%

  • Net Profit
    −₹1.12 Cr

    FY 2025-26 · -104.8% YoY

  • ROE
    -0.7%

    ROCE -1.9%

  • Debt / Equity
    0.10

    Interest cover -7.5x

  • Employee Count
    206

Products & Services of Frog Cellsat

Frog Cellsat offers a comprehensive portfolio of products and services, including Repeaters, Antennas, DAS Solutions, and RF Cables.

Repeaters
Telecom Equipment

Devices that enhance mobile signal coverage in buildings

Antennas
Network Accessories

Components for wireless communication and signal transmission

DAS Solutions
In-Building Services

Systems for seamless mobile network coverage in indoor areas

RF Cables
Network Accessories

Cables for connecting RF equipment in telecom setups

Board of directors of Frog Innovations Limited (Frog Cellsat)

Frog Innovations Limited is the primary company behind Frog Cellsat. The boards of the 4 registered companies of Frog Cellsat currently have 8 directors; the longest-serving is Konark Trivedi, appointed in 2004. 18 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Konark Trivedi
DIN 00537897
Managing Director12 Jul 200422 yrs 3 moFrog Innovations Limited, Shiva Profiles Private Limited, Frog Tele Private Limited
Charan Jeet Kalra
DIN 02730779
Director06 Oct 20179 yrsFrog Profiles Private Limited, Frog Tele Private Limited
Satish Bhanu Trivedi
DIN 02037127
Director31 Jul 20188 yrs 2 moFrog Innovations Limited, Frog Profiles Private Limited
Tarun Tularam Sharma
DIN 08849614
Whole-time director26 Aug 20206 yrs 1 moFrog Innovations Limited, Frog Profiles Private Limited, Frog Tele Private Limited
Sonal Trivedi
DIN 00537922
Whole-time director03 Jun 20224 yrs 4 moFrog Innovations Limited, Shiva Profiles Private Limited
Barathy Sundaram
DIN 01175376
Director19 Aug 20224 yrs 2 moFrog Innovations Limited
Ajay Chacko
DIN 05213596
Director01 Sep 20224 yrs 1 moFrog Innovations Limited
Suchita Vishnoi
DIN 10946338
Additional Director23 Jan 20269 moFrog Innovations Limited

People of Frog Cellsat

2 people are tracked at Frog Cellsat (2 in leadership); the tracked headcount is 206.

NameRoleGroup
Founder & Managing DirectorLeadership
Pannkaj Gandhi
CEOLeadership
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IPO & Listings of Frog Cellsat

Frog Cellsat is a publicly listed company on the NSE with ticker symbol FROG in India, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date13 Oct 2022
  • Listed onNSE: FROG
  • Listed entityFrog Cellsat Ltd.
  • Exchange sectorElectronic technology
  • ISININE385O01018
  • Share price₹272.05 (+1.51% on the day) · 2026-10-14
  • Market capitalisation₹417 Cr
  • Price to earnings11.8
  • EPS (diluted, trailing year)₹-1.01
  • Volume (last session)10,400

Financials of Frog Cellsat

Exchange-reported figures of Frog Innovations Limited, the listed company behind Frog Cellsat (NSE: FROG-SM).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹106 Cr
-51.7% YoY
EBITDA
−₹2.01 Cr
-105.7% YoY
Profit After Tax
−₹1.12 Cr
-104.8% YoY
Net Worth
₹159 Cr
-0.6% YoY
Total Assets
₹175 Cr
-4.2% YoY
Total Debt
₹12.86 Cr
-36.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue10621915813313312187.02
Revenue growth-51.7%+39.1%+18.6%+0.1%+10.0%+39.0%-
EBITDA(2.01)35.5620.4819.4419.9310.406.30
EBITDA margin-1.9%+16.2%+13.0%+14.6%+15.0%+8.6%+7.2%
Profit before tax(4.33)32.8420.0920.5020.8915.883.28
Net profit(1.12)23.5513.7416.8114.669.361.99
Net profit margin-1.1%+10.7%+8.7%+12.6%+11.0%+7.7%+2.3%
EPS (β‚Ή)(1.01)15.1710.059.812,949.242,851.52388.00
Balance sheet
Total assets17518214011876.0866.4567.73
Net worth15916013311768.9659.5846.44
Total debt12.8620.224.700.006.185.7319.58
Cash & bank6.627.111.4320.2012.7116.299.30
Net working capital67.9892.1253.9260.1741.1935.7730.46
Cash flow
Cash from operations22.64(2.06)7.147.2110.126.9610.99
Cash from investing(15.33)(7.14)(30.27)(34.64)(8.55)3.59(1.47)
Cash from financing(7.80)14.874.3634.92(5.15)(12.18)(8.11)
ParticularsMar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023Jun 2023
Revenue48.4891.1543.8135.9444.5044.6835.1533.40
Revenue growth (YoY)+8.9%+104.0%+24.6%+7.6%+43.0%---
Other income0.26(0.16)2.520.252.430.110.060.66
EBITDA6.7722.023.622.837.544.634.603.64
EBITDA margin+14.0%+24.2%+8.3%+7.9%+16.9%+10.4%+13.1%+10.9%
Depreciation0.661.281.191.161.210.650.620.63
Interest0.640.210.070.060.290.160.020.01
Profit before tax5.7320.374.881.868.473.934.023.66
Tax2.755.110.740.691.091.321.450.96
Net profit2.9815.264.141.177.382.612.572.70
EPS (β‚Ή)1.939.862.670.764.791.691.681.75
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue86.8421915813513312087.02
Revenue growth-60.4%+39.1%+16.6%+1.7%+10.9%+37.7%-
EBITDA(4.31)35.4319.7722.1619.029.785.07
EBITDA margin-5.0%+16.2%+12.5%+16.4%+14.3%+8.2%+5.8%
Profit before tax(7.01)32.7019.3421.0519.879.412.10
Net profit(3.30)23.5613.3017.2213.866.980.99
Net profit margin-3.8%+10.7%+8.4%+12.7%+10.4%+5.8%+1.1%
EPS (β‚Ή)(2.36)15.179.7910.062,791.461,321.54193.29
Balance sheet
Total assets17018013811767.8057.0864.51
Net worth15515813211560.7851.8245.21
Total debt12.8620.204.690.006.083.7517.60
Cash & bank5.256.291.2020.134.2010.348.59
Net working capital63.8690.5153.5660.4937.3930.3230.45
Cash flow
Cash from operations22.88(2.40)6.907.122.367.038.89
Cash from investing(16.18)(7.38)(30.18)(26.07)(7.44)4.99(0.45)
Cash from financing(7.75)14.874.3534.88(3.06)(13.72)(7.62)
ParticularsMar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023Jun 2023
Revenue48.4891.1543.7735.9444.4644.6835.1433.40
Revenue growth (YoY)+9.0%+104.0%+24.6%+7.6%+42.8%---
Other income0.26(0.19)2.520.252.410.13(0.03)0.63
Total expenses41.9768.8541.4831.9537.9540.1130.4629.40
EBITDA6.5122.302.293.996.514.574.684.00
EBITDA margin+13.4%+24.5%+5.2%+11.1%+14.6%+10.2%+13.3%+12.0%
Depreciation0.651.271.191.151.200.650.620.63
Interest0.640.210.070.060.290.160.020.01
Profit before tax5.4820.633.553.037.433.894.013.99
Tax2.694.990.760.690.831.061.331.01

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
ParticularsMar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023Jun 2023
Revenue48.4891.1543.8135.9444.5044.6835.1533.40
Revenue growth (YoY)+8.9%+104.0%+24.6%+7.6%+43.0%---
Other income0.26(0.16)2.520.252.430.110.060.66
EBITDA6.7722.023.622.837.544.634.603.64
EBITDA margin+14.0%+24.2%+8.3%+7.9%+16.9%+10.4%+13.1%+10.9%
Depreciation0.661.281.191.161.210.650.620.63
Interest0.640.210.070.060.290.160.020.01
Profit before tax5.7320.374.881.868.473.934.023.66
Tax2.755.110.740.691.091.321.450.96
Net profit2.9815.264.141.177.382.612.572.70
EPS (β‚Ή)1.939.862.670.764.791.691.681.75
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue10621915813313312187.02
Revenue growth-51.7%+39.1%+18.6%+0.1%+10.0%+39.0%-
Other income3.422.843.193.242.948.482.08
Total expenses10818413711411311180.72
Employee cost20.9418.5413.6913.966.337.8113.70
EBITDA(2.01)35.5620.4819.4419.9310.406.30
EBITDA margin-1.9%+16.2%+13.0%+14.6%+15.0%+8.6%+7.2%
Depreciation5.204.293.111.611.361.772.95
Interest0.541.270.470.570.621.232.15
Profit before tax(4.33)32.8420.0920.5020.8915.883.28
Tax(2.78)9.294.565.416.141.631.33
Net profit(1.12)23.5513.7416.8114.669.361.99
Net profit margin-1.1%+10.7%+8.7%+12.6%+11.0%+7.7%+2.3%
EPS (β‚Ή)(1.01)15.1710.059.812,949.242,851.52388.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital15.5515.5315.4415.380.050.050.05
Reserves & surplus14314411810168.9159.5346.39
Shareholders' funds (net worth)15916013311768.9659.5846.44
Minority interest0.000.000.000.000.000.000.00
Secured loans12.8620.224.700.006.083.7512.22
Unsecured loans0.000.000.000.000.101.987.36
Total debt12.8620.224.700.006.185.7319.58
Total liabilities17518214011876.0866.4567.73
Assets
Gross block11910698.5928.5734.0627.3532.62
Net block92.1785.2681.6413.3720.3814.6318.68
Capital work in progress3.480.000.0035.897.050.000.00
Investments0.050.050.050.050.055.707.08
Inventories39.0039.1330.7429.1927.8520.6422.29
Sundry debtors39.0279.0830.8227.8519.6726.7121.46
Cash & bank balances6.627.111.4320.2012.7116.299.30
Loans & advances6.4411.6913.656.376.162.572.36
Total current assets91.0813776.6483.6166.3966.2155.41
Total current liabilities23.1044.8922.7223.4425.2030.4424.95
Net working capital67.9892.1253.9260.1741.1935.7730.46
Total assets17518214011876.0866.4567.73
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash7.111.4320.2012.7116.292.881.46
Net cash from operating activities22.64(2.06)7.147.2110.126.9610.99
Net cash from investing activities(15.33)(7.14)(30.27)(34.64)(8.55)3.59(1.47)
Net cash from financing activities(7.80)14.874.3634.92(5.15)(12.18)(8.11)
Net change in cash(0.49)5.68(18.77)7.49(3.58)(1.62)1.41
Closing cash6.627.111.4320.2012.7116.299.30
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-51.7%+39.1%+18.6%+0.1%+10.0%+39.0%-
EBITDA growth-105.7%+73.6%+5.4%-2.5%+91.6%+65.1%-
PBT growth-+63.5%-2.0%-1.9%+31.6%+384.2%+9998.0%
Net income growth-104.8%+71.4%-18.3%+14.7%+56.6%+370.4%-
Revenue CAGR (3Y)-7.3%+18.2%+9.3%+15.2%+30.0%+11.0%-
EBITDA CAGR (3Y)-+21.3%+25.3%+45.6%-+28.5%-
Profitability & leverage
Net income margin-1.5%+10.7%+9.9%+11.3%+11.1%+11.8%+2.2%
Return on capital employed-1.9%+21.2%+14.1%+24.4%+30.2%+17.2%+7.7%
Return on net worth-0.7%+16.1%+11.0%+18.1%+23.0%+17.7%+4.3%
Debt / equity0.100.090.020.030.090.240.50
Long-term debt / equity0.010.000.000.010.060.160.29
Interest cover-7.494.062.713.203.3414.2564.18
Efficiency & per share
Fixed asset turnover0.942.142.484.254.334.032.69
Inventory turnover2.726.285.264.665.485.634.04
Debtors turnover1.803.995.385.605.735.025.10
EPS (β‚Ή)(1.01)15.1710.059.812,949.242,851.52388.00
Dividend per share (β‚Ή)0.000.000.000.000.000.000.00
Book value per share (β‚Ή)102.20102.9986.2875.8013,792.3411,915.109,288.70
ParticularsMar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023Jun 2023
Revenue48.4891.1543.7735.9444.4644.6835.1433.40
Revenue growth (YoY)+9.0%+104.0%+24.6%+7.6%+42.8%---
Other income0.26(0.19)2.520.252.410.13(0.03)0.63
Total expenses41.9768.8541.4831.9537.9540.1130.4629.40
EBITDA6.5122.302.293.996.514.574.684.00
EBITDA margin+13.4%+24.5%+5.2%+11.1%+14.6%+10.2%+13.3%+12.0%
Depreciation0.651.271.191.151.200.650.620.63
Interest0.640.210.070.060.290.160.020.01
Profit before tax5.4820.633.553.037.433.894.013.99
Tax2.694.990.760.690.831.061.331.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue86.8421915813513312087.02
Revenue growth-60.4%+39.1%+16.6%+1.7%+10.9%+37.7%-
Other income3.012.813.141.182.742.562.13
Total expenses91.1518413811311411081.95
Employee cost12.6911.788.639.776.027.678.22
EBITDA(4.31)35.4319.7722.1619.029.785.07
EBITDA margin-5.0%+16.2%+12.5%+16.4%+14.3%+8.2%+5.8%
Depreciation5.174.273.101.581.361.772.95
Interest0.541.270.470.710.531.162.15
Profit before tax(7.01)32.7019.3421.0519.879.412.10
Tax(3.35)9.144.235.585.922.801.13
Net profit(3.30)23.5613.3017.2213.866.980.99
Net profit margin-3.8%+10.7%+8.4%+12.7%+10.4%+5.8%+1.1%
EPS (β‚Ή)(2.36)15.179.7910.062,791.461,321.54193.29
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital15.5515.5315.4415.380.050.050.05
Reserves & surplus14014311610060.7351.7745.16
Shareholders' funds (net worth)15515813211560.7851.8245.21
Secured loans12.8620.204.690.006.082.6812.22
Unsecured loans0.000.000.000.000.001.075.38
Total debt12.8620.204.690.006.083.7517.60
Total liabilities17018013811767.8057.0864.51
Assets
Gross block11310193.2823.4020.0017.9823.25
Net block86.7379.8476.278.126.215.289.32
Capital work in progress3.480.000.0035.897.050.000.00
Investments1.030.890.390.1110.1911.8710.74
Inventories39.0039.1330.7429.1927.8516.3922.29
Sundry debtors33.7179.0830.8227.8519.6426.7121.46
Cash & bank balances5.256.291.2020.134.2010.348.59
Loans & advances5.2110.4412.815.047.853.042.02
Total current assets83.1713575.5782.2159.5456.4854.36
Total current liabilities19.3144.4322.0121.7222.1526.1623.91
Net working capital63.8690.5153.5660.4937.3930.3230.45
Total assets17018013811767.8057.0864.51
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash6.291.2020.134.2012.342.171.35
Net cash from operating activities22.88(2.40)6.907.122.367.038.89
Net cash from investing activities(16.18)(7.38)(30.18)(26.07)(7.44)4.99(0.45)
Net cash from financing activities(7.75)14.874.3534.88(3.06)(13.72)(7.62)
Net change in cash(1.04)5.09(18.93)15.93(8.14)(1.70)0.82
Closing cash5.256.291.2020.134.2010.348.59
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-60.4%+39.1%+16.6%+1.7%+10.9%+37.7%-
EBITDA growth-112.2%+79.2%-10.8%+16.5%+94.5%+92.9%-
PBT growth-+69.1%-8.1%+5.9%+111.2%+348.1%+9998.0%
Net income growth-114.0%+77.1%-22.8%+24.2%+98.6%+605.1%-
Revenue CAGR (3Y)-13.7%+18.2%+9.6%+15.8%+30.0%+10.6%+0.1%
EBITDA CAGR (3Y)-+23.0%+26.4%+63.5%-+27.9%-22.7%
Profitability & leverage
Net income margin-4.2%+10.7%+9.6%+11.4%+10.5%+5.5%+1.1%
Return on capital employed-3.7%+21.3%+13.7%+26.3%+32.7%+17.4%+6.4%
Return on net worth-2.3%+16.2%+10.8%+19.5%+24.8%+13.6%+2.2%
Debt / equity0.110.090.020.030.090.220.43
Long-term debt / equity0.010.000.000.020.050.130.25
Interest cover-5.704.082.823.453.0014.48101.42
Efficiency & per share
Fixed asset turnover0.812.262.706.237.005.814.98
Inventory turnover2.226.285.264.746.016.204.55
Debtors turnover1.543.995.385.695.744.985.10
EPS (β‚Ή)(2.36)15.179.7910.062,791.461,321.54193.29
Dividend per share (β‚Ή)0.000.000.000.000.000.000.00
Book value per share (β‚Ή)99.90102.0485.3275.1012,155.0610,363.599,042.05

Web traffic of Frog Cellsat

The website of Frog Cellsat (frogcellsat.com) receives about 8K visits a month.

  • Monthly visits
    8K

    ▲ 288.1% vs previous month

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Frequently Asked Questions about Frog Cellsat

Frog Cellsat was founded in 2004.

Frog Cellsat is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.

Pannkaj Gandhi is the CEO of Frog Cellsat, as recorded in our data.

Frog Cellsat has 206 employees.

The primary company behind Frog Cellsat, Frog Innovations Limited, reported revenue of β‚Ή109 Cr for FY 2026, down 52% year on year.

Frog Cellsat was founded in 2004 and is based in Noida, India. RF wireless repeaters are provided by the company to network operators and service providers, focusing on in-building solutions for 2G, 3G, and 4G networks. The product range includes home and premium repeaters, along with accessories such as diplexers, amplifiers, and antennas. Services offered encompass site surveys, installation, integration, testing, and maintenance.

Frog Cellsat offers Repeaters, Antennas, DAS Solutions, and RF Cables.

Yes, Frog Cellsat is publicly traded on NSE under the ticker symbol FROG.

Frog Cellsat is associated with 4 legal entities: Frog Innovations Limited, Frog Profiles Private Limited, Shiva Profiles Private Limited and others.

The legal entities of Frog Cellsat currently have 10 directors, including Ajay Chacko, Satish Bhanu Trivedi, Tarun Tularam Sharma and others.

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