Telecom stock specializing in wireless network coverage and transmission solutions,in fous upon receiving a work order from L&T Technology Services worth Rs. 7.4 Crores.
With a market capitalization of Rs. 409 Crores, the shares of Frog Cellsat Limited closed at Rs. 264.90 in Saturday’s trading session gaining 3.36 percent from its previous day’s close price of Rs. 256.30.
Frog Cellsat Limited Limited has announced that it has received a Letter of Intent (LOI) from L&T Technology Services for a consideration of Rs. 7.4 Crores for the Design, Manufacturing, and Supply of the IBS System for Bangalore Metro (BMRC) and it is anticipated to be executed within the Financial Year 2024 – 25.
Frog Cellsat Limited specializes in wireless network coverage and transmission solutions, it manufactures (2G/3G/4G) multi-band digital radio frequency (RF) repeaters, multi-band frequency shift repeaters, multi-band optical distributed antenna system (DAS) systems, relative software, and accessories.
It also offers in-building coverage planning and design services along with radio access network (RAN) and backhaul network installation service. It is focused on providing its products and services across Asia, Europe, Africa, and the Middle East.
It has a strong clientele base with well-known customers like Airtel, Jio, Nokia, Motorola, Huawei, Indus Towers, Siemens, Hitachi, ITI, Ericsson, Bharat Electronics, Larsen & Toubro, and many more.
Its Revenue from operations grew by 53.41 percent from Rs. 28.98 Crores in Q4FY23 to Rs. 44.46 Crores in Q4FY24, accompanied by profits of Rs. 4.64 Crores to Rs. 6.6 Crores.
It has reported a return on equity(ROE) of 19.53 percent, a return on capital employed (ROCE) of 26.33 percent, and a debt-to-equity ratio of 0.04.
Written by: Bharath K.S
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