Frog Cellsat Ltd.

Financial

	Frog Cellsat	Valiant Communicatns	ADC India Communicat
Operational Metrics
Financials
5 yr Average ROE	14.6 %	2.65 %	15.94 %
5yr average Equity Multiplier	1.42	1.11	1.74
5yr Average Asset Turnover Ratio	1.16	0.63	1.27
5yr Avg Net Profit Margin	9.1 %	1.24 %	7.05 %
Price to Book	2.44	8.81	8.32
P/E	16.6	56.43	23.79
5yr Avg Cash Conversion Cycle	80.54 Days	144.87 Days	17.9 Days
Inventory Days	62.09 Days	182.24 Days	43.76 Days
Days Receivable	67.89 Days	57.24 Days	47.38 Days
Days Payable	84.17 Days	57.66 Days	88.88 Days
5yr Average Interest Coverage Ratio	26.19	12.44	441.95
5yr Avg ROCE	20.51 %	3.51 %	17.75 %
5yr Avg Operating Profit Margin	12.33 %	4.95 %	8.09 %
5 yr average Debt to Equity	0.13	0.02	0.0
5yr CAGR Net Profit	62.02 %	n/a	40.34 %
5yr Average Return on Assets	10.85 %	2.28 %	9.26 %
Shareholdings
Promoter Holding	72.66 %	41.83 %	72.02 %
Share Pledged by Promoters	0.0	0.0	65.0 %
Change in Promoter Holding (3 Yrs)	-27.33 %	-4.55 %	0.0
Change in Mutual Fund Holding (3 Yrs)	0.0	0.0	0.0

Business

	Frog Cellsat	Valiant Communicatns	ADC India Communicat
Product Wise Break-Up	Product Wise Break-Up RF Jumper 48.8 Network Accessories 33.41 IBS Accessories 10.85 Digital Repeater 4.07 Optical DAS 2.43 0 Connector and patch cords 0 Cables 0 Tools 0 0 Others 0.44	Product Wise Break-Up Tools 0 0 Optical DAS 0 Digital Repeater 0 Cables 0 Manufacturing and marketing of communications equipment 100.0 Connector and patch cords 0 RF Jumper 0 Network Accessories 0 IBS Accessories 0	Product Wise Break-Up Tools 0.07 Telecom 15.37 Optical DAS 0 Digital Repeater 0 Cables 62.06 0 Connector 22.5 RF Jumper 0 Network Accessories 0 IBS Accessories 0
Segment Break-Up	Segment Break-Up Mobile Network Accessories 50.95 In Building coverage solutions 28.19 Mobile Network I&C Services 18.86 Others 2.0	-	-
Location Wise Break-Up	Location Wise Break-Up India 100.0 Mauritius 0 Bangladesh 0 Rest of the world 0 Europe 0 USA 0 Rest of the World 0	Location Wise Break-Up Rest of the world 7.45 India 83.92 USA 2.87 Bangladesh 0 Mauritius 0 Europe 5.75 Rest of the World 0 Others 0.01	Location Wise Break-Up Rest of the world 0 India 84.65 USA 0 Bangladesh 0 Mauritius 0 Europe 0 Rest of the World 15.35
Customer Segment	Customer Segment Top 10 Customers 50.87 Top 5 Customers 49.13	-	-