Frog Innovations Limited · NSE:FROG
Frog Innovations — Investor Presentation (December 2025)
30 slides from Frog Innovations's investor presentation, Dec 11, 2025
Slide 1: Exchange filing cover letter: Investor Presentation December 2025
December 11, 2025 To, The Manager Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai– 400051 Company Trading Symbol: FROG RE: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
Slide 2: Frog Innovations Ltd. Investor Presentation December 2025
FROG INNOVATIONS LTD. (Erstwhile Frog Cellsat Ltd.) Investor Presentation December 2025 NSE – SME : FROG
Slide 3: Safe Harbour
SAFE HARBOUR This Presentation and the accompanying slides (the “Presentation”), which have been prepared by Frog Innovations Limited (Erstwhile Frog Cellsat Limited) (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to
Slide 4: Contents
CONTENTS 01 BUSINESS UPDATES 02 BUSINESS OVERVIEW 03 VISION FY28 04 FINANCIAL HIGHLIGHTS
Slide 5: Business Updates
BUSINESS UPDATES
Slide 6: Strategic Realignment: Frog Innovations
STRATEGIC REALIGNMENT : FROG INNOVATIONS FROG FROG CELLSAT INNOVATIONS LIMITED LIMITED • The transition from Frog Cellsat Limited to Frog Innovations Limited (FIL) reflects the company’s evolution into a multi-industry technology solutions organisation, extending beyond just the cellular and wireles
Slide 7: Entering into New Products & Services
ENTERING INTO NEW PRODUCTS & SERVICES In addition to the existing advanced wireless coverage enhancement products and services, the company is entering into new businesses PRODUCTS AI EYE CCTV Business (Next-Gen AI Get Five Bars Video Analytics) Optical Network Mitigation Filters and Terminal (ONT)
Slide 8: Other Highlights
OTHER HIGHLIGHTS • Revenue from Operations in H1FY26 stood at Rs. 549.3 Million, compared to Rs. 797.6 Million • H1FY26 was a challenging period for the company owing to slowdown in the telecom industry capex spending. Additionally, the DAS business experienced limited activity as neutral hosts and
Slide 9: Business Overview
BUSINESS OVERVIEW
Slide 10: Frog Innovations: At a Glance
FROG INNOVATIONS : AT A GLANCE A leading Indian Design House and Manufacturer providing advanced wireless coverage enhancement solutions, ensuring seamless connectivity and reliability to millions of users worldwide CORPORATE BUSINESS END ROBUST OVERVIEW VERTICALS USERS FINANCIALS Expertise across t
Slide 11: Frog Innovations: A Transformative Journey
FROG INNOVATIONS : A TRANSFORMATIVE JOURNEY A leading manufacturer of advanced radio frequency equipment in India 2004 - 2009 2010 - 2020 2021 - 2024 2025 & Beyond • Started as a marketing agent for a • Started BTS related services • Company listed on NSE – SME • Successful delivery of OneDAS system
Slide 12: Leading End-to-End Telecom Solutions Provider
LEADING END-TO-END TELECOM SOLUTIONS PROVIDER ACTIVE DAS SYSTEMS REPEATERS IBS ACCESSORIES NETWORK ACCESSORIES ANTENNAS • Active DAS systems deliver • Advanced digital repeaters • Seamless integration for in- • An extensive selection of • Offering extensive coverage robust and reliable wireless whic
Slide 13: State-of-the-Art Manufacturing and R&D Set-up
STATE-OF-THE-ART MANUFACTURING AND R&D SET-UP State-of-the-art manufacturing facility in Noida spread across 1.6 lakh sq. ft., equipped with the latest technology to ensure the highest quality standards Centralised operations resulting in overall efficiency and better quality control Noida facility
Slide 14: Strong Leadership Team
STRONG LEADERSHIP TEAM KONARK TRIVEDI, SONAL TRIVEDI, UMESH SINGH, TARUN TULARAM CHARAN JEET MANAGING WHOLE TIME DEPUTY CEO SHARMA, KALRA, DIRECTOR & CO- DIRECTOR & CHRO WHOLE TIME CFO FOUNDER DIRECTOR & CTO • 29+ years of Experience in the • 21+ years of experience in • 18+ years of experience in •
Slide 15: Core Competencies
CORE COMPETENCIES Economical Product Pricing helps in retaining existing State-of-the-art Manufacturing Facility at Noida allows customers and attracting new customers efficient manufacturing of a wide range of products Extensive client base includes industry leaders like Airtel, Robust R&D Capabili
Slide 16: Vision FY28
VISION FY28
Slide 17: Vision FY28
VISION FY28 RS. 5,000+ RS. 750+ MILLION MILLION REVENUE EBITDA www.froginno.com 16
Slide 18: Roadmap to Achieve Vision FY28
ROADMAP TO ACHIEVE “VISION FY28” Riding on the Digital Wave in India Client Base Diversification Expanding Portfolio Adding new products & service lines Exploring New Horizons www.froginno.com 17
Slide 19: Riding on the Digital Wave in India (1/2)
RIDING ON THE DIGITAL WAVE IN INDIA (1/2) DIGITAL REVOLUTION IN INDIA FIL IS STRATEGICALLY POSITIONED TO CAPTURE OPPORTUNITY Surging Demand for India’s position as A leading organisation having a strong focus on diversifying its Advanced wireless the 2nd largest portfolio to offer a wide range of bo
Slide 20: Riding on the Digital Wave in India (2/2)
RIDING ON THE DIGITAL WAVE IN INDIA (2/2) FIL IS THE ONLY INDIAN COMPANY WITH PROPRIETARY TECHNOLOGY TO MANUFACTURE AND DEPLOY DAS SYSTEMS Major DAS Projects executed by FIL DAS orders under Execution • Navi Mumbai International Airport • Chhatrapati Shivaji Maharaj Mumbai International Airport • No
Slide 21: Existing Portfolio Expansion
EXISTING PORTFOLIO EXPANSION ADDITION OF S URFACE MOUNT T ECHNOLOGY (SMT) LI NE OPPORTUNITY / G ROWTH DRIVERS IN PRODUCTS UNDER S MT LINE Opportunity in Broadband Foray into Electronic Manufacturing Services like smart meters, India Broadband $ 16.34 Bn 9.12% $35.85 Bn induction heaters, POE switche
Slide 22: New Product Expansion
NEW PRODUCT EXPANSION G et Fi ve bars S OLUTIONS FOR DEFENCE S ECTOR In the final phase of launching Get Five Bars, a nationwide Expanding our presence in the growing Defense sector, service enabling individuals and businesses to resolve indoor aiming to provide solutions that address the telecom mo
Slide 23: Entering into New Services
ENTERING INTO NEW SERVICES Digital connectivity rating agency ( dcra) 5G S i te I mplementation Expanded into telecom services, providing complete 5G Site FIL has been appointed by TRAI as one of the Digital Implementation services to mobile operators Connectivity Rating Agencies (DCRA) The services
Slide 24: Client Base Diversification
CLIENT BASE DIVERSIFICATION Domestic Mobile Operators In-building Coverage Infra Providers SI & Telecom Equipment Providers Large Project Developers Government & Defence International Mobile Operators & SI www.froginno.com 23
Slide 25: Exploring New Horizons
EXPLORING NEW HORIZONS PRESENCE ACROSS GEOGRAPHIES GLOBAL EXPANSION STRATEGY Forming collaborations with partners, system integrators and resellers globally International Sales & London Support Centre Headquarter, R&D & Current focus geographies include Europe and Africa Manufacturing Units Gibralta
Slide 26: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 27: FY25 Key Financials
FY25 KEY FINANCIALS Rs. Million REVENUE ADJUSTED EBITDA* EBITDA PAT MARGIN % FY25 FY25 FY25 FY25 2,193.9 39.1% 377.1 72.6% 352.7 72.8% 235.5 51.7% 1,577.3 YOY% 218.5 YOY 204.1 YOY 155.2 YOY FY24 FY24 FY24 FY24 ADJUSTED EBITDA* EBITDA PAT ORDER BOOK Margin Margin Margin FY25 FY25 FY25 31st Mar 2025 1
Slide 28: Historical Profit & Loss Statement
HISTORICAL PROFIT & LOSS STATEMENT Rs. Million PARTICULARS FY23 FY24 FY25 CAGR (FY23-25) Revenue from Operations 1,351.9 1,577.3 2,193.9 27.4% Other Income 10.9 31.9 28.4 Total Income 1,362.8 1,609.2 2,222.3 27.7% Total Exp. excl. D&A, Finance Cost & ESPS Cost 1,111.1 1,358.8 1,841.2 Adjusted EBITDA
Slide 29: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Rs. Million EQUITY & LIABILITIES Mar-24 Mar-25 ASSETS Mar-24 Mar-25 Share Capital 154.4 155.3 Property, Plant & Equipment 786.8 799.0 Capital Work-in-Progress - - Reserves & Surplus 1,173.3 1,440.0 Intangible Assets 29.5 53.6 Capital Reserve on Consolidation 4.1 4.1 Deferr
Slide 30: Thank You
THANK YOU FROG INNOVATIONS LIMITED ERNST & YOUNG LLP MR. RAJAT SHARMA ROHIT ANAND / DHRUV BANSAL / RIDDHANT KAPUR DEPUTY COMPANY SECRETARY & Rohit.anand4@in.ey.com COMPLIANCE OFFICER Dhruv.bansal1@in.ey.com cs@froginno.com Riddhant.kapur@in.ey.com Registered Office: Office No. 1 G.F, Old Gupta Colon
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