Tejas Networks Limited
₹401.25-₹14.95 (-3.6%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹6,668 Cr
- EV / EBITDA
- 21.5x
- Revenue
- ₹8,916 Cr
- Net margin
- 3.4%
- ROCE
- 5.2%
Price chart
Technical chartScreen technicals →-25.2% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -17.5%
- 3M
- -21.0%
- 6M
- -3.2%
- 1Y
- -25.2%
- 5Y
- -8.5%
52-week range
Day change -₹14.95 (-3.6%) from ₹416 to ₹401 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in TEJASNET, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 45.0%
Concerns1
- Low return on equity of 2.6%
Rule-based from financial data. Not advice.
About the company
Tejas Networks Limited provides telecom and data networking-related products and services in India and internationally. It offers radio access networks, fiber broadband access, satcom solutions, optical aggregation, switching and routing, direct-to-mobile broadcast solutions, metro core and backbone, packet transport networks, network management systems, and wireless core products.
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Tejas Networks Limited provides telecom and data networking-related products and services in India and internationally. It offers radio access networks, fiber broadband access, satcom solutions, optical aggregation, switching and routing, direct-to-mobile broadcast solutions, metro core and backbone, packet transport networks, network management systems, and wireless core products. The company also designs, manufactures, and sells wireless and wireline networking products, including 4G/5G radio access (LTE/NR), converged 4G/5G core, fiber-to-home and fiber-to enterprise (GPON/XGSPON), optical transmission (DWDM/ PTN/OTN), carrier switching and routing (Ethernet, IP/MPLS), satellite, and broadcast networking products; and designs and develops software products that enable remote configuration, monitoring, provisioning and management. In addition, it provides network build, consultancy, nurture, and managed services. It serves communications service providers for both mobile and fixed broadband, internet service providers, broadband bandwidth providers, utility companies, defense, and government entities. The company was formerly known as Tejas Networks India Limited and changed its name to Tejas Networks Limited in March 2008. Tejas Networks Limited was incorporated in 2000 and is headquartered in Bengaluru, India.
- Sector
- Technology
- Shares outstanding
- 17.7 Cr shares
- ISIN
- INE010J01012
- BSE code
- 540595
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹6,668 Cr
- P/B
- 2.0x
- EV / EBITDA
- 21.5x
- EV / Sales
- 2.9x
- P/S
- 2.7x
- 52-week high
- ₹632.70
- 52-week low
- ₹296.45
Profitability
- Operating margin
- 10.9%
- Net margin
- 3.4%
- EBITDA margin
- 13.5%
- ROE
- 2.6%
- ROCE
- 5.2%
- ROA
- 1.0%
- Dividend payout
- 0.0%
- Tax rate
- 25.0%
- Other income, % of PBT
- 57.0%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹8,916 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 260.4%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 45.0%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹335 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 176.9%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 430.6%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹2,038 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 452.3%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹138 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 137.8%
Solvency and efficiency
- Current ratio
- 2.34
- Debt / Equity
- 0.57
- Debt / Assets
- 0.23
- Debt / EBITDA
- 5.62
- Interest coverage
- 7.11
- Financial leverage
- 2.47
- CFO / Net profit
- -23.98
- Cash / Market cap
- 100.0%
- Cash per share
- ₹376.06
- Asset turnover
- 0.30
- Fixed asset turnover
- 2.57
- Capital intensity
- 0.39
- Debtor days
- 208 days
- Inventory turnover
- 0.43
- Cash conversion cycle
- 640 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹5 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹7,649 Cr |
| Sales | Operating profit | ₹1,267 Cr |
| Operating profit | Interest | ₹247 Cr |
| Operating profit | Depreciation | ₹353 Cr |
| Operating profit | Profit before tax | ₹667 Cr |
| Other income | Profit before tax | ₹45 Cr |
| Profit before tax | Tax and other | ₹260 Cr |
| Profit before tax | Net profit | ₹451 Cr |
Revenue and net profit
Revenue grew 260.4% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹524 Cr | ₹37 Cr |
| FY2022 | ₹549 Cr | -₹64 Cr |
| FY2023 | ₹871 Cr | ₹3 Cr |
| FY2024 | ₹2,474 Cr | ₹85 Cr |
| FY2025 | ₹8,916 Cr | ₹451 Cr |
Cash flows
FY2025: -₹493 Cr from operations, -₹1,148 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹157 Cr | -₹10 Cr |
| FY2022 | -₹19 Cr | -₹847 Cr |
| FY2023 | -₹369 Cr | -₹977 Cr |
| FY2024 | -₹2,038 Cr | -₹1,608 Cr |
| FY2025 | -₹493 Cr | -₹1,148 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹8,916 Cr+260.4%1Y
- Net profit
- ₹451 Cr+430.6%1Y
- Cash from operations
- -₹493 Cr
- Free cash flow
- -₹1,148 Cr
- Revenue CAGR, 5Y
- 45.0%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹8,916 Cr | ₹1,267 Cr | — | ₹451 Cr | -₹493 Cr | -₹1,148 Cr | 11.7% | +260.4% | +430.6% |
Monthly returns
Month-by-month returns of TEJASNET across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹10,471 Cr |
| Equity capital | ₹180 Cr |
| Reserves | ₹3,676 Cr |
| Borrowings | ₹3,407 Cr |
| Other liabilities | ₹3,209 Cr |
| Assets | ₹10,471 Cr |
| Fixed assets | ₹1,147 Cr |
| Capital work in progress | ₹404 Cr |
| Investments | ₹500 Cr |
| Other assets | ₹8,420 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
TEJASNET has no positive P/E; the peer median is 52.1x.
Not shown (no positive earnings and no EV / Sales): Tejas Networks Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Tejas Networks LimitedTEJASNETthis company | ₹6,668 Cr | — | 2.0x | 2.6% | 21.5x |
| VA Tech Wabag LimitedWABAG | ₹7,383 Cr | 25.1x | 3.9x | 15.8% | 18.1x |
| GARWARE HI-TECH FILMS LIMITEDGRWRHITECH | ₹6,982 Cr | 21.8x | 2.9x | 9.2% | 23.9x |
| TANLA PLATFORMS LIMITEDTANLA | ₹6,599 Cr | 25.4x | 13.0x | 25.7% | 34.5x |
| Happiest Minds Technologies LimitedHAPPSTMNDS | ₹6,535 Cr | 31.9x | 4.2x | 16.7% | 16.6x |
| GARWARE TECHNICAL FIBRES LIMITEDGARFIBRES | ₹6,415 Cr | 32.7x | 5.0x | 16.2% | 21.3x |
| Mastek LimitedMASTEK | ₹6,301 Cr | 34.5x | 7.8x | 14.1% | 44.8x |
| Dynamatic Technologies Ltd.DYNAMATECH | ₹6,152 Cr | 122.0x | 8.5x | 15.6% | 35.3x |
| PNC Infratech LimitedPNCINFRA | ₹6,063 Cr | 16.5x | 1.1x | 17.8% | 4.2x |
| Peer median | — | 52.1x | 7.8x | 14.5% | 34.2x |
Year-to-date ROI
TEJASNET since 1 January, against earlier years.
Historical volatility
TEJASNET's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 12.0% |
| FY2022 | -12.0% |
| FY2023 | 5.0% |
| FY2024 | 11.0% |
| FY2025 | 14.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹8,916 Cr |
| Costs | |
| Interest | ₹247 Cr |
| Expenses | ₹7,649 Cr |
| Operating profitOperating Profit | ₹1,267 Cr |
| Other income and charges | |
| Profit before tax | ₹711 Cr |
| Tax | |
| Net profitNet Profit | ₹451 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹10,471 Cr |
| Equity capitalEquity Capital | ₹180 Cr |
| Reserves | ₹3,676 Cr |
| Borrowings | ₹3,407 Cr |
| Other liabilitiesOther Liabilities | ₹3,209 Cr |
| AssetsTotal Assets | ₹10,471 Cr |
| Fixed assetsFixed Assets | ₹1,147 Cr |
| Capital work in progressCWIP | ₹404 Cr |
| Investments | ₹500 Cr |
| Other assetsOther Assets | ₹8,420 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹493 Cr |
| Investing cash flowCash from Investing Activity | -₹655 Cr |
| Financing cash flowCash from Financing Activity | ₹1,286 Cr |
| Change in cashNet Cash Flow | ₹138 Cr |
Learn while you research
Academy chapters picked for Tejas Networks Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Growth Investing260% revenue growth is in the top tier, learn how to value growth.7 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read