Posts in category All News
F&O stocks to buy today: L&T, IGL among top 9 trading ideas for July 3, 2024 (03-07-2024)
IPO screener: Emcure Pharma’s ₹1,952-cr offer opens today (03-07-2024)
One 97 Communications lunches ‘Paytm Health Saathi’ (03-07-2024)
IPO screener: Bansal Wire Industries issue opens at ₹243-256 price band (03-07-2024)
Hot stocks: Brokerage view on HDFC Bank, M&M Finance and Avenue Supermarts (03-07-2024)
Global wheat market seen under more pressure on money managers’ bearish outlook (03-07-2024)
Listed Microcap- Frog Cellsat- Opportunity (03-07-2024)
I am holding this and was a bit concerned after the CEO left, some notes from latest concall on 16th May. I see they have got some new orders so will keep it for now.
Revenue and Financial Performance
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Frog Cellsat Limited (FCL) reported a 16.7% revenue growth in FY24, reaching INR 1,577.33 Mn compared to INR 1,351.89 Mn in FY23.
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Adjusted EBITDA stood at INR 218.53 Mn with a margin of 13.85%, while PAT was INR 155.19 Mn with a margin of 9.84%.
Operational Highlights
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FCL moved to a new state-of-the-art facility in Noida, centralizing and streamlining operations.
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Notable achievements in Q4 FY24 include welcoming new customers, concluding trials for interference mitigation systems, and adding seven new products to the portfolio.
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The company secured orders from key partners, resulting in a robust order book position of INR 610 Mn as of March 31, 2024.
Growth Opportunities and Strategies
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FCL sees a bright future with the industry undergoing a major CAPEX uptake and aims to contribute through its innovative products.
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The company plans to invest in a Surface Mount Technology (SMT) line for PCB assembly, diversifying into Manufacturing-as-a-Service beyond just telecom.
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FCL is entering the EMS (Electronic Manufacturing Services) industry with PCB assembly, but it will be an add-on business with lower margins compared to their current business.
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The company is looking at new initiatives like interference mitigation solutions and EMS services to reach the long-term revenue guidance of INR 500 crores in four years.
Key Customers and Market Share
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Approximately 70% of the company’s revenues come from mobile operators, with Airtel being the biggest customer in the telecom sector, followed by Tejas and Jio.
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Frog Cellsat Ltd estimates its industry share from the products it manufactures to be around 10% of the total $5 billion opportunity.
Management Changes and Recent Developments
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The outgoing CEO, Pankaj Gandhi, has left the company, and Konark Trivedi has taken over as the CEO again until a replacement is found.
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The recent substantial trading volumes in the stock market are likely due to investors picking up on the company’s growth potential from various initiatives and investments.
Product Development and Expansion
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Frog Cellsat Ltd introduced smart repeaters for smart meters, targeting areas with poor mobile signal, expanding their product offerings.
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The company expects substantial growth in the new products segment, particularly in smart repeaters for smart meters.
Order Book and Execution
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The company’s order book remains consistent at around INR 61 crores, with a steady execution timeline.
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Frog Cellsat Ltd expects to add to its deal pipeline as it executes the current order book.
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The company’s order book stood at INR 61 crores at the beginning of the year and continues to grow weekly.
Competitors
- The company’s competitors in the telecom industry include PROSE Technologies, HUBER & SUHNER, and RV Telecom.
Domestic markets set to open higher; HDFC Bank in focus (03-07-2024)
Smallcap momentum portfolio (03-07-2024)
@visuarchie , Vishwanath ji, our momentum strategy depends on churning and since we are in discount brokerage platform, our brokerage is zero.
But now the scenario is changing…
Zerodha, Groww जैसों पर SEBI की मार, Zero Broking का टाइम खत्म? | BIZ Adda | BIZ Tak
How this wi affect our strategy??
On a lighter note, I just started this strategy last week, and this news has come. May be , wherever I go, I bring bear market with me.