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Tejas Networks Ltd (TEJASNET)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540595 NSE: TEJASNET Telecommunication - Equipment | Small Cap | Tejas Networks Share Price

₹575.95 -26.35 (-4.37%)

As on 05-Jun'26 16:59

Tejas Networks Ltd (TEJASNET)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540595 NSE: TEJASNET Telecommunication - Equipment | Small Cap | Tejas Networks Share Price

₹575.95 -26.35 (-4.37%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹10,712 Cr.
Current Price
₹576
52-Week Low / High
₹294 / 750
TTM EPS
₹-51.1
TTM Sales
₹1,103 Cr.
Book Value per Share
₹159.6
P/E Ratio
0.00
Industry PE
132.8
Price to Book (P/B)
3.77
Higher than its 5-year historical median
Price to Sales (P/S)
9.71
Higher than its 5-year historical median
EV/EBITDA
-22.53
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-27.81%
Underperforms industry median
Return on Capital Employed (ROCE)
-14.93%
Underperforms industry median
Return on Assets (ROA)
-9.18%
Operating Profit Margin
-61.8%
Net Profit Margin
-82.38%
Gross Profit Margin
-86.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-87.64%
Operating Profit Growth (1 Year)
-
-154.21%
Net Profit Growth (1 Year)
-
-303.55%
Asset Quality
Promoter Holding
53.40%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,660 Cr.
Equity
₹177.9 Cr.
Face Value
₹10
All Time Low / High
₹28.50 / 1495.10

Tejas Networks stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Overvalued

Price Trend

Strong
Q.1 Is Tejas Networks Ltd a good quality company?
Tejas Networks Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Tejas Networks Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Tejas Networks Ltd vs industry peers?
Tejas Networks Ltd revenue CAGR is 86.97%, compared to the industry median CAGR of 12.15%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Tejas Networks Ltd?
Promoters hold 53.40% of the Tejas Networks Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Tejas Networks Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 21.79% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Tejas Networks Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 11.5%11.8%13.5%-10.9%2.4%-7.4%-1.1%3.8%15.8%-14.9%-
Value Creation
Index
-0.2-0.20.0-1.8-0.8-1.5-1.1-0.70.2-2.1-

Growth Parameters

Sales 8757509003915275519222,4718,9231,1031,103
Sales YoY Gr.--14.3%20.1%-56.6%34.8%4.6%67.4%168.1%261.1%-87.6%-
Adj EPS 9.311.416-26.54.2-5.7-2.1425.3-51.3-51.1
YoY Gr.-22.9%40.6%-265.7%NA-236.6%NANA539.9%-302.5%-
BVPS (₹) 81.1124.8140.6113.2117.7136.2171.8176.4209.7159.7159.6
Adj Net
Profit
95.9103147-24538.7-64.9-35.167.7447-912-909
Cash Flow from Ops. 150239-81.60.6158-17.3-380-2,036-491135-
Debt/CF from Ops. 1.90-00000-0.9-6.729.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 2.6%15.9%6.2%-87.6%
Adj EPS -220.9%-265.4%NA-302.5%
BVPS7.8%6.3%-2.4%-23.9%
Share Price - 25.4% -6.4% -20.7%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
20.111.911.9-20.43.5-4.2-1.42.212.8-26.9-32
Op. Profit
Mgn %
18.920.421.5-22.510.2-14.6-1.511.214.1-61.8-62.1
Net Profit
Mgn %
1113.816.3-62.67.3-11.8-3.82.75-82.7-82.4
Debt to
Equity
0.50000000.60.91.40.2
Working Cap
Days
2723643799336116425606012992,4541,124
Cash Conv.
Cycle
1341841895683473082642951741,922219

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales8757509003915275519222,4718,9231,103
Operating Expenses + 7145977064784756319392,2027,6651,785
Manufacturing Costs29564125224075116224172
Material Costs5143824642042693115601,5856,522767
Employee Cost 8592124111116134233351448405
Other Costs 8667781406714571150471442
Operating Profit 160153194-8852-80-172691,258-682
Operating Profit Margin (%) 18.3%20.4%21.5%-22.5%9.9%-14.6%-1.8%10.9%14.1%-61.8%
Other Income + 122839342643112654533
Exceptional Items -30000000000
Interest 3213178431551252303
Depreciation 566166775277123182353403
Profit Before Tax 54106150-13923-117-43100698-1,354
Tax -39-0399-15-54-637252-445
Profit After Tax 93107147-23738-63-3663447-909
PAT Margin (%) 10.6%14.2%16.4%-60.7%7.1%-11.4%-4.0%2.6%5.0%-82.4%
Adjusted EPS (₹)13.111.716.1-25.74.0-5.5-2.23.725.3-51.1
Dividend Payout Ratio (%)0%0%6.20%0%0%0%0%0%9.90%0%

Valuation of Tejas Networks - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 5771,1371,2931,0471,1011,5632,8963,0143,7012,841
Share Capital 7494959597118172174180181
Reserves 5031,0431,1989521,0051,4462,7242,8403,5212,660
Debt +2541000001,7443,2363,671
Long Term Debt21000000118552
Short Term Debt2520000001,7443,1183,120
Minority Interest0000000000
Trade Payables10810516475921123011,8391,184478
Others Liabilities -2-34-978623243631,6092,4812,203
Total Liabilities 9381,2091,4471,1991,2551,9993,5608,20710,6029,194

Fixed Assets

Net Fixed Assets +927599791111386479611,1471,131
Gross Block1491922823714235241,1521,6552,1512,525
Accumulated Depreciation561181832933123865066951,0051,394
CWIP 194741272440154235404950
Investments 077875137402262334482365
Inventories1821911812522142786473,7382,3672,438
Trade Receivables3832766223763412854991,4104,4443,256
Cash Equivalents 71236123143218347742302340140
Others Assets 1913082942723105096101,2281,418913
Total Assets 9381,2091,4471,1991,2551,9993,5608,20710,6029,194

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 150239-821158-17-380-2,036-491135
PBT 54106150-13923-117-43100698-1,354
Adjustment 13363761646114386278684771
Changes in Working Capital -30103-284-1479-73-435-2392-1767742
Tax Paid -6-33-24-11-52911-23-106-24
Cash Flow From Investing Activity + -140-213-10471-167-828-581431-655-764
Capex -52-68-80-93-83-117-249-408-651-884
Net Investments -94-161-45143-95-735-144795-8119
Others 61621211024-1884442
Cash Flow From Financing Activity + -28157-11-22-38399991,7131,286397
Net Proceeds from Shares 804687365111,0211043
Net Proceeds from Borrowing 00000000118764
Interest Paid -32-14-17-7-3-3-15-18-228-326
Dividend Paid 000-1100000-44
Others -76-297-1-7-6331-71,7211,3910
Net Cash Flow -18183-19750-13-637107140-232

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)19.912.4812.15-20.323.51-4.72-1.642.1313.31-27.81
ROCE (%)11.4511.7713.49-10.892.37-7.44-1.123.8415.82-14.93
Asset Turnover Ratio1.040.720.680.30.430.340.330.420.950.11
PAT to CFO Conversion(x)1.612.23-0.56N/A4.16N/AN/A-32.32-1.1N/A
Working Capital Days
Receivable Days124.70156.60182466.30248.40207.50155.30141119.701,273.80
Inventory Days80.9088.6075.50202.50161.40163183.20323.80124.90794.90
Payable Days99.7098.20105.70213.60113.40119.70134.50246.4084.60395.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Tejas Networks Ltd FAQs

The current trading price of Tejas Networks on 05-Jun-2026 16:59 is ₹576.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Tejas Networks stood at ₹10,712 Cr

The latest P/E ratio of Tejas Networks as of 04-Jun-2026 is 0.00.

The latest P/B ratio of Tejas Networks as of 04-Jun-2026 is 3.77.

The 52-week high of Tejas Networks is ₹750.0 and the 52-week low is ₹294.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tejas Networks is ₹1,101 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Tejas Networks Ltd is a below average quality company.

The key valuation ratios of Tejas Networks Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Tejas Networks Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Tejas Networks Ltd

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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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