Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹179, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 50x in the Communications industry in India. Total returns to shareholders of 1.7% over the past three years. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹154, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 46x in the Communications industry in India. Total returns to shareholders of 8.9% over the past three years. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹153, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 54x in the Communications industry in India. Total loss to shareholders of 9.3% over the past three years. New Risk • Feb 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.0% average weekly change). High level of non-cash earnings (24% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Market cap is less than US$100m (₹2.38b market cap, or US$26.1m). New Risk • Jan 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (₹2.20b market cap, or US$24.0m). New Risk • Dec 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (₹2.79b market cap, or US$31.2m). Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹180, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 41x in the Communications industry in India. Total loss to shareholders of 25% over the past three years. Annonce • Nov 12
Frog Cellsat Limited to Report First Half, 2026 Results on Nov 13, 2025 Frog Cellsat Limited announced that they will report first half, 2026 results on Nov 13, 2025 Board Change • Jul 21
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Additional Non-Executive & Independent Director Kamal Nath was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jul 09
Frog Cellsat Limited, Annual General Meeting, Aug 06, 2025 Frog Cellsat Limited, Annual General Meeting, Aug 06, 2025, at 15:30 Indian Standard Time. Board Change • May 28
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Additional Non-Executive & Independent Director Kamal Nath was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹267, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 34x in the Communications industry in India. Total returns to shareholders of 90% over the past year. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹361, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 44x in the Communications industry in India. Total returns to shareholders of 98% over the past year. New Risk • Jan 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (₹6.21b market cap, or US$71.9m). Reported Earnings • Jan 22
Third quarter 2025 earnings released: EPS: ₹9.86 (vs ₹1.86 in 3Q 2024) Third quarter 2025 results: EPS: ₹9.86 (up from ₹1.86 in 3Q 2024). Revenue: ₹909.9m (up 104% from 3Q 2024). Net income: ₹152.5m (up 432% from 3Q 2024). Profit margin: 17% (up from 6.4% in 3Q 2024). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹351, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 44x in the Communications industry in India. Total returns to shareholders of 72% over the past year. Reported Earnings • Oct 22
Second quarter 2025 earnings released: EPS: ₹2.67 (vs ₹1.68 in 2Q 2024) Second quarter 2025 results: EPS: ₹2.67 (up from ₹1.68 in 2Q 2024). Revenue: ₹463.4m (up 32% from 2Q 2024). Net income: ₹41.3m (up 60% from 2Q 2024). Profit margin: 8.9% (up from 7.3% in 2Q 2024). The increase in margin was driven by higher revenue. Annonce • Oct 18
Frog Cellsat Launches 5G DAS Solution, VHF Repeater, Smart Mini Booster Frog Cellsat Limited launched new products, the Smart Mini Booster, the 5G Active DAS Solution, and a Very High Frequency (VHF) repeater at the ongoing India Mobile Congress (IMC) 2024 which are aimed at enhancing connectivity in critical sectors. The said its 5G Active DAS Solution is designed to provide seamless connectivity at large-scale venues such as airports and metro systems, aligning with the evolving needs of modern communication networks. The company highlighted its Noise Shield solution, which eliminates interference from uplink signals to improve cell coverage, voice quality, and data capacity. The company said during trials, it recorded up to 40 dB noise reduction and a 400% increase in data traffic at various sites. The Active DAS solution, on the other hand, supports eight different frequency bands and up to four telecom operators simultaneously. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹373, the stock trades at a trailing P/E ratio of 41.2x. Average trailing P/E is 48x in the Communications industry in India. Total returns to shareholders of 62% over the past year. Board Change • Oct 17
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Additional Non-Executive & Independent Director Kamal Nath was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jul 18
Frog Cellsat Limited, Annual General Meeting, Aug 12, 2024 Frog Cellsat Limited, Annual General Meeting, Aug 12, 2024, at 15:30 Indian Standard Time. Reported Earnings • Jul 18
First quarter 2025 earnings released: EPS: ₹0.76 (vs ₹1.75 in 1Q 2024) First quarter 2025 results: EPS: ₹0.76 (down from ₹1.75 in 1Q 2024). Revenue: ₹361.6m (up 8.3% from 1Q 2024). Net income: ₹11.7m (down 56% from 1Q 2024). Profit margin: 3.2% (down from 8.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹364, the stock trades at a trailing P/E ratio of 36.1x. Average trailing P/E is 45x in the Communications industry in India. Total returns to shareholders of 35% over the past year. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹320, the stock trades at a trailing P/E ratio of 31.7x. Average trailing P/E is 37x in the Communications industry in India. Total returns to shareholders of 88% over the past year. Reported Earnings • May 11
Full year 2024 earnings released: EPS: ₹10.08 (vs ₹11.41 in FY 2023) Full year 2024 results: EPS: ₹10.08. Revenue: ₹1.61b (up 21% from FY 2023). Net income: ₹155.2m (up 2.8% from FY 2023). Profit margin: 9.6% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. Annonce • May 11
Frog Cellsat Limited to Report Q4, 2024 Results on May 09, 2024 Frog Cellsat Limited announced that they will report Q4, 2024 results on May 09, 2024 Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹229, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 45x in the Communications industry in India. Total returns to shareholders of 29% over the past year. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹179, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 41x in the Communications industry in India. Total returns to shareholders of 7.9% over the past year. New Risk • Mar 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (₹2.53b market cap, or US$30.4m). Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹138, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 41x in the Communications industry in India. Total loss to shareholders of 15% over the past year. Reported Earnings • Feb 03
Third quarter 2024 earnings released: EPS: ₹1.86 (vs ₹3.00 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.86 (down from ₹3.00 in 3Q 2023). Revenue: ₹447.3m (up 54% from 3Q 2023). Net income: ₹28.7m (down 28% from 3Q 2023). Profit margin: 6.4% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses. New Risk • Jan 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (30% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (₹3.13b market cap, or US$37.6m). Reported Earnings • Nov 18
Second quarter 2024 earnings released: EPS: ₹2.28 (vs ₹3.00 in 2Q 2023) Second quarter 2024 results: EPS: ₹2.28 (down from ₹3.00 in 2Q 2023). Revenue: ₹352.1m (up 22% from 2Q 2023). Net income: ₹25.8m (down 35% from 2Q 2023). Profit margin: 7.3% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses. Recent Insider Transactions • Sep 19
Insider recently bought ₹90k worth of stock On the 13th of September, Pankaj Gandhi bought around 400 shares on-market at roughly ₹225 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹33m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 13
First quarter 2024 earnings released First quarter 2024 results: EPS: ₹1.75. Net income: ₹27.0m (up ₹27.0m from 1Q 2023). Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹288, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 29x in the Communications industry in India. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹254, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 26x in the Communications industry in India. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹205, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 27x in the Communications industry in India. Reported Earnings • May 31
Full year 2023 earnings released: EPS: ₹11.41 (vs ₹13.05 in FY 2022) Full year 2023 results: EPS: ₹11.41. Revenue: ₹1.36b (up 2.5% from FY 2022). Net income: ₹150.9m (up 2.3% from FY 2022). Profit margin: 11% (in line with FY 2022). Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹211, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 32x in the Communications industry in India. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹166, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 31x in the Communications industry in India. Recent Insider Transactions • Feb 21
MD, CEO & Director recently bought ₹2.9m worth of stock On the 20th of February, Konark Trivedi bought around 16k shares on-market at roughly ₹179 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹4.6m. Konark has been a buyer over the last 12 months, purchasing a net total of ₹15m worth in shares. Annonce • Jan 31
An unknown buyer acquired Frog Profiles Private Limited from Frog Cellsat Limited (NSEI:FROG). An unknown buyer acquired Frog Profiles Private Limited from Frog Cellsat Limited (NSEI:FROG) on June 21, 2022. An unknown buyer completed the acquisition of Frog Profiles Private Limited from Frog Cellsat Limited (NSEI:FROG) on June 21, 2022. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 17% share price gain to ₹268, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 30x in the Communications industry in India. Recent Insider Transactions • Dec 04
MD, CEO & Director recently bought ₹4.6m worth of stock On the 2nd of December, Konark Trivedi bought around 19k shares on-market at roughly ₹238 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth ₹18m. This was Konark's only on-market trade for the last 12 months. Recent Insider Transactions • Nov 20
Board Member recently bought ₹18m worth of stock On the 18th of November, Sonal Trivedi bought around 73k shares on-market at roughly ₹243 per share. This transaction increased Sonal's direct individual holding by 324x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Additional Non-Executive & Independent Director Ajay Chacko was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 21% share price gain to ₹252, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 27x in the Communications industry in India. Board Change • Oct 13
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Additional Non-Executive & Independent Director Ajay Chacko was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.