TipHub

₹205.1

▼ -4.14 -1.98%

29 Jul 2026

NSE Listed · Telecom Equipment & Infra Services

ESM · ESM 2
What does ESM · ESM 2 mean?
NSE · Enhanced Surveillance Measure (ESM 2)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-07-14

Frog Innovations Limited (FROG)

Volume: 3,600Avg Vol 1W: 13,280Avg Vol 1M: 18,92752W Range:₹123.5₹275
NSE BSE www.frogcellsat.com AI Report
Key Ratios
Checked just now
Market Cap₹319 Cr
Current Price₹205.1
Previous Close₹209.24
High / Low (52w)₹275 / ₹123.5
Volume3,600
Avg Vol (1W)13,280
Avg Vol (1M)18,927
Stock P/E106.27
Book Value₹102.99
Dividend Yield0%
ROE-0.71%
ROA10.7%
Revenue (TTM)—
Revenue Growth39.09%
Profit Margin10.73%
Total Debt₹0 Cr
Shares Outstanding2 Cr
Face Value₹10
EPS (TTM)₹1.93
P/B1.99
Debt / Equity0.08
50 DMA₹172.3
200 DMA₹166.45
Day change-1.98%
SurveillanceESM · ESM 2
Price Chart
₹205.1▼ 7.28% · 1Y
₹297₹1261.4L
2025-07-29
2026-07-29

20-day avg volume: 18K shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 51% YoY.
  • Company is loss-making at the latest annual result.
  • Stock trades at a high P/E of 106.
Quarterly Results
MetricJun 2023Sept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025
Revenue₹33 Cr₹35 Cr₹45 Cr₹45 Cr₹36 Cr₹44 Cr₹91 Cr₹48 Cr
EBITDA₹4 Cr₹4 Cr₹4 Cr₹9 Cr₹2 Cr₹5 Cr₹21 Cr₹6 Cr
Net Profit₹3 Cr₹3 Cr₹3 Cr₹7 Cr₹1 Cr₹4 Cr₹15 Cr₹3 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2024Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Mar 2025Mar 2026
Revenue₹44 Cr₹161 Cr₹36 Cr₹44 Cr₹91 Cr₹222 Cr₹48 Cr₹109 Cr
EBITDA₹8 Cr₹20 Cr₹3 Cr₹4 Cr₹21 Cr₹34 Cr₹6 Cr₹-3 Cr
Net Profit₹7 Cr₹16 Cr₹2 Cr₹3 Cr₹16 Cr₹24 Cr₹3 Cr₹-2 Cr
EPS—10.08———15.22—-1.01
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹78 Cr₹89 Cr₹93 Cr₹97 Cr₹137 Cr₹158 Cr₹220 Cr₹192 Cr
Total Liabilities₹34 Cr₹42 Cr₹33 Cr₹28 Cr₹21 Cr₹25 Cr₹60 Cr₹33 Cr
Equity₹45 Cr₹46 Cr₹60 Cr₹69 Cr₹117 Cr₹133 Cr₹160 Cr₹159 Cr
Total Debt————————
Cash Flow
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹-2 Cr₹13 Cr₹7 Cr₹12 Cr₹16 Cr₹13 Cr₹3 Cr₹27 Cr
Investing₹-2 Cr₹-1 Cr₹4 Cr₹-9 Cr₹-35 Cr₹-30 Cr₹-7 Cr₹-15 Cr
Financing₹-2 Cr₹-8 Cr₹-12 Cr₹-5 Cr₹35 Cr₹4 Cr₹15 Cr₹-8 Cr
Free Cash Flow₹-2 Cr₹13 Cr₹7 Cr₹12 Cr₹16 Cr₹13 Cr₹3 Cr₹27 Cr
Shareholding
Promoter 72.54% Institutions 0.75% Public 26.71%
Efficiency & Working Capital
ROCE21.2%
Interest Coverage-6.2
Dividend Payout—
Debtor Days134 d
Inventory Days115 d
Payable Days41 d
Cash Conversion Cycle208 d
Working Capital Days249 d
Shareholding Details

As of 2026-03-31

Promoter72.5%
FII0.2%
DII0.6%
Institutions0.7%
Public26.7%
Promoter Pledge0%
No. of Shareholders3,084
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodMar 2017Jun 2017Sept 2022Oct 2022Oct 2022Mar 2023Sept 2023Mar 2024Sept 2024Mar 2025Sept 2025Mar 2026
Promoters——100%73.5%73.5%74.4%74.4%74.1%72.7%72.7%72.5%72.5%
FIIs——0%2.2%2.2%0%0%0%0%0.3%0.2%0.2%
DIIs——0%0.8%0.5%0%0%0%0%0%0%0.6%
Public——0%23.5%23.8%25.6%25.6%25.9%27.3%27.1%27.3%26.7%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders8881,4101,4101,1351,7342,4933,7263,7303,3153,084
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Star Private Trust (through Its Trustee - Barclays Wealth Trustees (india) Private Limited)Shareholding of Promoter and Promoter Group57.4%89,29,218
Konark TrivediShareholding of Promoter and Promoter Group14.6%22,67,526
Sonal TrivediShareholding of Promoter and Promoter Group0.5%79,826
Roar Systems Private LimitedShareholding of Promoter and Promoter Group0%6,400
Rekha TrivediShareholding of Promoter and Promoter Group0%226
Satish Bhanu TrivediShareholding of Promoter and Promoter Group0%226
Board of Directors
NameDesignationYear
Konark TrivediExecutive Director & MD2026
Sonal TrivediExecutive Director / Whole Time Director / CEO2026
Tarun Tularam SharmaWhole Time Director & CTO2026
Barathy SundaramIndependent Non Exe. Director2026
Ajay ChackoIndependent Non Exe. Director2026
Suchita VishnoiIndependent Non Exe. Director2026
Satish Bhanu TrivediNon Executive Director2026
Rajat SharmaDeputy Company Secretary / Compliance Officer2026
Segments — Product
SegmentRevenueShare
Sale₹26 Cr92.4%
Service₹2 Cr7.6%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10161616
Corporate Actions
TypeDateValueRemark
forthcoming—Book ClosureAGM
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202619002021
2026700007
202612002014
Company Information
Incorporated2004
AuditorSinghi Chugh & Kumar
Investor Email[email protected]
🌐 www.frogcellsat.com ↗

📍 Office No. 406 D-35 III Floor, Old Plot No. 2-A Laxmi Nagar, Delhi, Delhi, 110092

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