Leapfrog Engineering Services Ltd.
PROSPECTUS · filed 17 Jun 2026
Leapfrog Engineering Services Ltd. is a company that provides engineering services, and its business is dependent on subcontractors. The company reported a revenue of Rs 101.01 crore and a profit after tax of Rs 14.18 crore in the latest financial year, with a return on equity of 21.03%. The draft prospectus highlights a revenue CAGR of -20.01% and identifies high-severity risks related to delays or cost overruns by subcontractors, which could adversely affect the company's business and financial condition.
Partial analysis — some sections could not be read from the document (found: capitalisation, cover, financials, litigation, price_basis, promoters, related_party, risks).
What stands out
Shrinking revenue. Restated revenue CAGR of -20.0%.
Risk factor. The Company's business is dependent on the timely and accurate completion of projects by its subcontractors, and any delays or cost overruns by subcontractors could adversely affect the Company's business, financial condition, results of operations and prospects.
Risk factor. The Company's business is dependent on the timely and accurate completion of projects by its subcontractors, and any delays or cost overruns by subcontractors could adversely affect the Company's business, financial condition, results of operations and prospects.
Low leverage. Debt-to-equity of 0.48x.
Healthy return on equity. ROE of 21.0%.
How the offer is structured
Restated financials
Revenue
₹101 Cr
Latest fiscal year
Profit after tax
₹14.2 Cr
Revenue CAGR
-20.0%
Return on equity
21.0%
Debt / equity
0.48
P/E at upper band
14.65
Only in a priced RHP
PAT CAGR
-7.0%
| Fiscal year | Revenue | EBITDA | PAT | Net worth |
|---|---|---|---|---|
| 2023 | ₹158 Cr | ₹16.4 Cr | ₹21.7 Cr | |
| 2024 | ₹135 Cr | ₹16.2 Cr | ₹53.2 Cr | |
| 2025 | ₹101 Cr | ₹14.2 Cr | ₹67.4 Cr |
Promoters, litigation & related parties
Promoter (pre)
87.0%
Except as stated in this section, there are no pending (i) criminal proceedings; (ii) actions taken by statutory and/or regulatory authorities; (iii) disciplinary action including penalty imposed by SEBI or Stock Exchanges against the Promoters in the last 5 (five) FYs including outstanding action; (iv) outstanding claims related to direct or indirect taxes; or (v) other pending litigation as determined to be material by our Board as per the materiality policy adopted by our Board in each case involving our Company, Promoters, Directors and the Group Companies. There are no outstanding criminal proceedings initiated against the Company. There are no outstanding criminal proceedings initiated by the Company. Except as mentioned below, there are no outstanding actions by statutory or regulatory authorities against the group company.
Risks the company discloses
The Company's business is dependent on the timely and accurate completion of projects by its subcontractors, and any delays or cost overruns by subcontractors could adversely affect the Company's business, financial condition, results of operations and prospects.(Business Related)
The Company's business is dependent on the timely and accurate completion of projects by its subcontractors, and any delays or cost overruns by subcontractors could adversely affect the Company's business, financial condition, results of operations and prospects.(Business Related)
The Company's business is dependent on the timely and accurate completion of projects by its subcontractors, and any delays or cost overruns by subcontractors could adversely affect the Company's business, financial condition, results of operations and prospects.(Business Related)
The Company's business is dependent on the timely and accurate completion of projects by its subcontractors, and any delays or cost overruns by subcontractors could adversely affect the Company's business, financial condition, results of operations and prospects.(Business Related)
The Company's business is dependent on the timely and accurate completion of projects by its subcontractors, and any delays or cost overruns by subcontractors could adversely affect the Company's business, financial condition, results of operations and prospects.(Business Related)
The Company's business is dependent on the timely and accurate completion of projects by its subcontractors, and any delays or cost overruns by subcontractors could adversely affect the Company's business, financial condition, results of operations and prospects.(Business Related)
The Company's business is dependent on the timely and accurate completion of projects by its subcontractors, and any delays or cost overruns by subcontractors could adversely affect the Company's business, financial condition, results of operations and prospects.(Business Related)
The Company's business is dependent on the timely and accurate completion of projects by its subcontractors, and any delays or cost overruns by subcontractors could adversely affect the Company's business, financial condition, results of operations and prospects.(Business Related)
How this document reads, dimension by dimension
Each bar is a fixed formula applied to the figures shown above, scored 0–100. This is a reading of what the company disclosed — not a recommendation to apply or avoid, not a price target, and not a prediction of listing performance. Dimensions that could not be extracted are excluded rather than assumed, so coverage varies between documents.