Tejas Networks Ltd.

•

tejasnetworks.comBSE: 540595NSE: TEJASNET

Market Cap₹ 9,851 Cr.

Current Price

High / Low₹ 645 / 294

Stock P/E—

Book Value₹ 148

Price to Book2.43

Dividend Yield0.00 %

ROCE-14.9 %

ROE-27.8 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Telecommunication

Hold

Telecom operating proxies are steady, with telecom subscriber base up 11.0% YoY (2026-06) and broadband subscriber base also up 11.0% YoY (2026-06). However, persistent FPI outflows of INR -11055 crore over 3 months to 2026-08-31 suggest weak investor appetite. That combination supports a neutral rather than positive stance.

Confidence

58%

View full sector analysis →

PROS

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 5.99x)
Company has delivered good sales growth of 15.9% CAGR over last 5 years

CONS

Company is loss-making at the operating / net level
Receivables are growing faster than sales - a possible quality concern
Company has a low return on equity of -4.1% over last 3 years
Company has a low return on capital employed of 1.6%
Interest coverage is weak at -3.5x - earnings barely cover interest
Promoter holding has decreased over last 2 years: -2.2pp

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

TelecommunicationTelecomTelecommunication - Equipment

Part ofNIFTY TOTAL MKT NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	ITI	262.70	95.91	25242.50	0.00	-32.25	49.30	425.03	-14.65	0.28	0.48
2.	BBOX	800.80	62.93	14222.14	0.12	55.92	17.90	1718.50	23.92	22.50	8.67
3.	SEDEMAC	2905.05	123.88	12831.75	0.00	333.10	—	3097.70	—	37.22	19.10
4.	TEJASNET	553.20	0.00	9850.57	0.00	-202.24	-4.32	402.16	99.11	-14.93	-24.96
5.	KRONECOMM	2299.95	46.94	1057.98	1.09	8.58	72.64	63.41	40.79	31.44	17.09
6.	KAVDEFENCE	69.34	0.00	416.90	0.00	-12.11	-1223.38	14.43	269.05	8.44	-103.12
7.	PUNJCOMMU	62.34	13.65	74.95	0.00	2.87	718.86	5.83	-12.56	-0.52	13.75
8.	SHYAMTEL	11.48	0.00	12.94	0.00	-19.94	-405.32	0.00	—	0.00	—
9.	UNIINFO	10.94	0.00	11.70	0.00	0.14	440.00	8.36	-1.42	-0.99	5.29

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	188	396	560	1,171	1,496	2,655	2,497	1,806	202	257	306	332	402
	234	383	567	1,018	1,333	2,277	2,271	1,785	338	556	441	451	682
Operating Profit	-46	13	-8	153	163	379	227	21	-136	-299	-135	-118	-280
OPM %	-24.63%	3.28%	-1.34%	13.07%	10.92%	14.26%	9.07%	1.16%	-67.17%	-116.43%	-43.93%	-35.65%	-69.57%
	19	18	15	12	13	11	14	8	10	6	8	10	9
Interest	5	7	8	31	57	61	63	71	75	84	72	72	85
Depreciation	34	42	48	58	65	74	111	103	96	101	104	101	94
Profit before Tax	-66	-18	-49	233	122	411	211	-45	-297	-473	-303	-281	-271
Tax %	60.09%	28.75%	8.00%	36.90%	36.26%	32.97%	21.58%	-59.24%	34.80%	35.07%	35.10%	24.74%	25.32%
Net Profit	0	0	0	0	77	275	166	-72	-194	-307	-197	-211	-202
	-1.56	-0.74	-2.64	8.61	4.54	16.06	9.44	-4.08	-10.99	-17.38	-11.09	-11.90	-11.37

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	875	750	900	391	527	551	922	2,471	8,923	1,103	1,298
	714	597	706	478	475	631	938	2,202	7,665	1,785	2,129
Operating Profit	160	153	194	-88	52	-80	-17	269	1,258	-682	-832
OPM %	18.34%	20.39%	21.53%	-22.48%	9.87%	-14.61%	-1.84%	10.88%	14.10%	-61.80%	-64.10%
	-18	28	39	34	26	43	112	65	45	33	33
Interest	32	13	17	8	4	3	15	51	252	303	313
Depreciation	56	61	66	77	52	77	122	182	353	403	401
Profit before Tax	54	106	150	-139	23	-117	-43	100	698	-1,354	-1,327
Tax %	-73.18%	-0.45%	1.85%	-71.12%	-66.70%	46.46%	14.63%	37.16%	36.05%	32.87%	30.90%
Net Profit	93	107	147	-237	38	-63	-36	63	447	-909	-917
EPS	14.09	11.73	15.39	-25.76	3.99	-5.97	-2.46	3.69	25.32	-51.14	—
Dividend Payout %	0.00%	0.00%	6.23%	0.00%	0.00%	0.00%	0.00%	0.00%	9.87%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 6%
5 Years:: 16%
3 Years:: 6%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: 4%
3 Years:: -14%
1 Year:: -6%

RETURN ON EQUITY

10 Years:: 1%
5 Years:: -4%
3 Years:: -4%
Last Year:: -28%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	71	91	92	92	93	115	168	171	176	178
	503	1,043	1,198	952	1,005	1,446	2,724	2,840	3,521	2,660
	279	1	0	22	17	12	201	2,046	3,363	3,798
Trade Payables	108	105	164	75	92	112	301	1,839	1,184	478
	-23	-31	-6	59	48	315	166	1,310	2,357	2,080
Total Liabilities	938	1,209	1,447	1,199	1,255	1,999	3,560	8,207	10,602	9,194
	92	75	99	79	111	138	647	961	1,147	1,130
Capital Work in Progress	0	0	0	0	0	0	0	15	1	0
	0	77	87	51	37	402	262	334	482	365
	182	191	181	252	214	278	647	3,738	2,367	2,438
	0	0	0	0	0	0	0	1,410	4,444	3,256
Cash & Bank	71	236	123	143	218	347	742	302	340	140
	593	631	957	675	676	834	1,262	1,448	1,822	1,864
Total Assets	938	1,209	1,447	1,199	1,255	1,999	3,560	8,207	10,602	9,194

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	156	272	-58	11	162	-47	-391	-2,036	-491	135
Cash from Investing	-140	-213	-104	71	-167	-828	-581	431	-655	-764
Cash from Financing	-28	157	-11	-22	-3	839	999	1,713	1,286	397
	-18	183	-197	50	-13	-6	37	107	140	-232

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
55.50	55.42	54.01	53.83	53.73	53.66	53.46	53.40	53.33
10.20	9.58	8.04	7.08	6.14	6.24	5.95	5.29	5.82
4.91	4.76	4.65	4.85	4.72	4.79	4.76	4.32	4.04
0.00	0.00	0.00	0.01	0.01	0.01	0.00	0.00	0.00
29.40	30.24	33.29	34.23	35.40	35.30	35.84	36.99	36.81

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-11

Trading Window

2026-09-11 - Tejas Networks Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

2026-09-11

Allotment of Securities

2026-09-11 - Tejas Networks Limited has informed the Exchange regarding allotment of 32,268 securities pursuant to ESOP / RSU on September 11, 2026

2026-08-27

Bagging/Receiving of orders/contracts

2026-08-27 - Tejas Networks Limited has informed the Exchange about receipt of a Letter of Intent dated August 27, 2026, from Tata Consultancy Services Limited ( TCS ) for supply of RAN equipment, accessories & installation materials for BSNL 4G mobile network for 18,685 sites, valued at Rs.1537 Crores.

2026-08-19

Allotment of Securities

2026-08-19 - Tejas Networks Limited has informed the Exchange regarding allotment of 91,353 securities pursuant to ESOP / RSU on August 19, 2026

2026-08-03

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-03 - Tejas Networks Limited has informed the Exchange about Transcript

2026-07-29

Copy of Newspaper Publication

2026-07-29 - Tejas Networks Limited has informed the Exchange about Copy of Newspaper Publication of financials results for the quarter ended June 30, 2026

2026-07-28

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-28 - Tejas Networks Limited has informed the Exchange about Link of Recording of Earning call for the Q1 FY 27

2026-07-27

Investor Presentation

2026-07-27 - Tejas Networks Limited has informed the Exchange about Investor Presentation

2026-07-27

Press Release

2026-07-27 - Tejas Networks Limited has informed the Exchange regarding a press release dated July 27, 2026, titled "Tejas announces Q1FY27 results".

News

Recent coverage and analyst commentary for TEJASNET

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Tejas Networks Ltd.

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Name

ITI

262.70

95.91

25242.50

0.00

-32.25

49.30

425.03

-14.65

0.28

0.48

BBOX

800.80

62.93

14222.14

0.12

55.92

17.90

1718.50

23.92

22.50

8.67

SEDEMAC

2905.05

123.88

12831.75

0.00

333.10

—

3097.70

—

37.22

19.10

TEJASNET

553.20

0.00

9850.57

0.00

-202.24

-4.32

402.16

99.11

-14.93

-24.96

KRONECOMM

2299.95

46.94

1057.98

1.09

8.58

72.64

63.41

40.79

31.44

17.09

KAVDEFENCE

69.34

0.00

416.90

0.00

-12.11

-1223.38

14.43

269.05

8.44

-103.12

PUNJCOMMU

62.34

13.65

74.95

0.00

2.87

718.86

5.83

-12.56

-0.52

13.75

SHYAMTEL

11.48

0.00

12.94

0.00

-19.94

-405.32

0.00

—

0.00

—

UNIINFO

10.94

0.00

11.70

0.00

0.14

440.00

8.36

-1.42

-0.99

5.29

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

188

396

560

1,171

1,496

2,655

2,497

1,806

202

257

306

332

402

234

383

567

1,018

1,333

2,277

2,271

1,785

338

556

441

451

682

Operating Profit

-46

-8

153

163

379

227

-136

-299

-135

-118

-280

OPM %

-24.63%

3.28%

-1.34%

13.07%

10.92%

14.26%

9.07%

1.16%

-67.17%

-116.43%

-43.93%

-35.65%

-69.57%

Interest

Depreciation

111

103

101

104

101

Profit before Tax

-66

-18

-49

233

122

411

211

-45

-297

-473

-303

-281

-271

Tax %

60.09%

28.75%

8.00%

36.90%

36.26%

32.97%

21.58%

-59.24%

34.80%

35.07%

35.10%

24.74%

25.32%

Net Profit

275

166

-72

-194

-307

-197

-211

-202

-1.56

-0.74

-2.64

8.61

4.54

16.06

9.44

-4.08

-10.99

-17.38

-11.09

-11.90

-11.37

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

875

750

900

391

527

551

922

2,471

8,923

1,103

1,298

714

597

706

478

475

631

938

2,202

7,665

1,785

2,129

Operating Profit

160

153

194

-88

-80

-17

269

1,258

-682

-832

OPM %

18.34%

20.39%

21.53%

-22.48%

9.87%

-14.61%

-1.84%

10.88%

14.10%

-61.80%

-64.10%

-18

112

Interest

252

303

313

Depreciation

122

182

353

403

401

Profit before Tax

106

150

-139

-117

-43

100

698

-1,354

-1,327

Tax %

-73.18%

-0.45%

1.85%

-71.12%

-66.70%

46.46%

14.63%

37.16%

36.05%

32.87%

30.90%

Net Profit

107

147

-237

-63

-36

447

-909

-917

EPS

14.09

11.73

15.39

-25.76

3.99

-5.97

-2.46

3.69

25.32

-51.14

—

Dividend Payout %

0.00%

6.23%

0.00%

9.87%

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

115

168

171

176

178

503

1,043

1,198

952

1,005

1,446

2,724

2,840

3,521

2,660

279

201

2,046

3,363

3,798

Trade Payables

108

105

164

112

301

1,839

1,184

478

-23

-31

-6

315

166

1,310

2,357

2,080

Total Liabilities

938

1,209

1,447

1,199

1,255

1,999

3,560

8,207

10,602

9,194

111

138

647

961

1,147

1,130

Capital Work in Progress

402

262

334

482

365

182

191

181

252

214

278

647

3,738

2,367

2,438

1,410

4,444

3,256

Cash & Bank

236

123

143

218

347

742

302

340

140

593

631

957

675

676

834

1,262

1,448

1,822

1,864

Total Assets

938

1,209

1,447

1,199

1,255

1,999

3,560

8,207

10,602

9,194

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

156

272

-58

162

-47

-391

-2,036

-491

135

Cash from Investing

-140

-213

-104

-167

-828

-581

431

-655

-764

Cash from Financing

-28

157

-11

-22

-3

839

999

1,713

1,286

397

-18

183

-197

-13

-6

107

140

-232

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

55.50

55.42

54.01

53.83

53.73

53.66

53.46

53.40

53.33

10.20

9.58

8.04

7.08

6.14

6.24

5.95

5.29

5.82

4.91

4.76

4.65

4.85

4.72

4.79

4.76

4.32

4.04

0.00

0.01

0.00

29.40

30.24

33.29

34.23

35.40

35.30

35.84

36.99

36.81

Tejas Networks Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Tejas Networks Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI