Tejas Networks Ltd. (TEJASNET) AI Stock Analysis

• Market Cap: ₹104.13B
• Dividend Yield: 0.42%
• Average Volume (3M): 83.46K
• Price to Earnings (P/E): 56.6
• Beta (1Y): 1.43
• Revenue Growth: 100.45%
• EPS Growth: 6.29%
• Country: IN
• Employees: 1,843
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): -10.99
• Shares Outstanding: 176,843,290
• 10 Day Avg. Volume: 63,403
• 30 Day Avg. Volume: 83,462
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹641.00
• Price Target Upside: 8.86% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 64 Neutral
• Price Target: ₹641.00 ▲(8.86% Upside)

Tejas Networks Ltd. demonstrates strong revenue growth and improved profitability, but faces challenges with cash flow and leverage. Technical indicators suggest a neutral trend with potential upward momentum. However, the stock appears overvalued with a high P/E ratio and low dividend yield.

Tejas Networks Ltd. Business Overview & Revenue Model

Company Description

Tejas Networks Limited designs, develops, manufactures, and sells optical, data networking, and wireless products to telecommunications and internet service providers, web-scale internet companies, utility and defense companies, and government entities in India and internationally. It offers TJ1400-1 OLT, a pizza box GPON OLT that provides broadband solutions; TJ1400 OLT, a GPON/XGS-PON based fiber access for FTTH and FTTB services with various end-user ONT devices; and TJ2100N ONT, a series of advanced GPON/XGS-PON ONT elements designed for optical access networks deployed in FTTH and FTTB formats. The company also provides TJ1400, an ultra-converged broadband designed for cost-optimized delivery of mobile backhaul, broadband access, enterprise, and network modernization; TJ1600, an optical transport platform that enables support of applications and services, including mobile backhaul networks, business connectivity, and broadband and access infrastructure; and TJ1270 MSPP, a multi-service provisioning platform. In addition, it offers TJ1400 products designed for access and aggregation applications in the network. Further, the company provides enterprise Ethernet switches, such as TJ1400P-M1 portfolio of Layer2+ switches; TJ1400P M3 and TJ1400P M2 switching products optimized for LAN and metro applications; TJ1400P access routers; and TJ1400, an aggregation/core service router. Additionally, it provides TJ1400-7, an ultra-converged broadband access platform, which supports optical transport with multi-service access and LTE; TJ1602W, a 4G/LTE Macro eNodeB solution on the TJ1600-2 platform; TJ6003W, a 4G/LTE packet core EPC solution; and TJ5500, a network management system. 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 based in Bengaluru, India.

How the Company Makes Money

Tejas Networks Ltd. generates revenue primarily through the sale of its comprehensive range of telecommunications equipment and solutions. The company's key revenue streams include product sales, which involve the direct sale of networking hardware and software solutions to telecom operators and enterprises. Another important revenue source is service contracts, which encompass maintenance, support, and managed services provided to customers. Tejas Networks also benefits from strategic partnerships and collaborations with global technology firms, which help to enhance its product offerings and extend its market reach. Additionally, the company's focus on research and development enables it to innovate and adapt to evolving market needs, thus maintaining its competitive edge and supporting revenue growth.

Tejas Networks Ltd. Financial Statement Overview

Summary

Tejas Networks Ltd. shows strong revenue growth and improved profitability, suggesting a positive trend. However, there are concerns about cash flow management and increased leverage, which need to be addressed to maintain financial stability.

Income Statement

Tejas Networks Ltd. has shown a remarkable growth trajectory in revenue over the years, with significant increases in total revenue from 2021 to 2025. The gross profit margin has remained healthy, indicating good cost management. Net profit margin has improved significantly in 2025 compared to previous years, showcasing a turnaround in profitability. However, the EBIT and EBITDA margins show some volatility, suggesting potential operational challenges.

Balance Sheet

The company's balance sheet reflects a substantial increase in total assets and equity over the years, indicating strong growth. However, the debt-to-equity ratio has increased, reflecting higher leverage and potential risk. The equity ratio remains strong, suggesting financial stability but must be monitored due to rising debt levels.

Cash Flow

Tejas Networks Ltd. faces challenges in cash flow management, as indicated by negative free cash flow in recent years. The operating cash flow has also been negative, which could strain liquidity. Nevertheless, there is potential for improvement if revenue growth continues and cost management is optimized.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	85.55B	89.23B	23.14B	9.20B	5.51B	5.27B
Gross Profit	18.73B	24.01B	7.25B	3.59B	2.27B	2.53B
EBITDA	13.02B	12.79B	3.29B	940.40M	-393.70M	772.10M
Net Income	4.47B	4.47B	629.80M	-364.10M	-627.10M	375.40M
Balance Sheet
Total Assets	104.62B	104.62B	82.03B	36.02B	21.10B	13.12B
Cash, Cash Equivalents and Short-Term Investments	8.22B	8.22B	8.46B	13.05B	10.98B	3.47B
Total Debt	34.07B	34.07B	18.84B	498.20M	197.60M	219.00M
Total Liabilities	66.16B	66.16B	50.53B	6.29B	1.80B	1.78B
Stockholders Equity	38.46B	38.46B	31.49B	29.73B	19.30B	11.34B
Cash Flow
Free Cash Flow	0.00	-8.15B	-24.45B	-6.29B	-1.35B	751.30M
Operating Cash Flow	0.00	-4.91B	-20.36B	-3.80B	-173.30M	1.58B
Investing Cash Flow	0.00	-6.55B	4.31B	-5.81B	-8.28B	-1.67B
Financing Cash Flow	0.00	12.86B	17.13B	9.99B	8.39B	-34.40M

Tejas Networks Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 588.85
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TEJASNET, the sentiment is Negative. The current price of 588.85 is below the 20-day moving average (MA) of 596.93, below the 50-day MA of 593.54, and below the 200-day MA of 784.14, indicating a bearish trend. The MACD of -1.55 indicates Positive momentum. The RSI at 45.29 is Neutral, neither overbought nor oversold. The STOCH value of 12.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TEJASNET.

Tejas Networks Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RATEGAIN	72 Outperform	₹76.53B	36.30	12.42%	―	8.68%	23.49%
ASTRAMICRO	65 Neutral	₹99.15B	60.99	13.97%	0.21%	17.79%	20.42%
TEJASNET	64 Neutral	₹104.13B	56.56	―	0.42%	100.45%	6.29%
NAZARA	60 Neutral	₹103.93B	73.84	2.63%	―	65.14%	81.31%
HFCL	55 Neutral	₹104.07B	307.11	4.35%	0.14%	-18.38%	-91.01%
STLTECH	52 Neutral	₹57.16B	-84.26	-6.18%	―	-8.29%	61.61%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Tejas Networks Ltd. Corporate Events

Tejas Networks Expands Equity Through Employee Stock Options

Tejas Networks Ltd. has announced the allotment of 108,699 equity shares following the exercise of stock options by eligible employees under various stock option plans. This allotment has increased the company’s paid-up share capital, reflecting a strategic move to incentivize employees and potentially enhance operational performance.

Tejas Networks Releases Q1 FY26 Earnings Call Recording

Tejas Networks Limited announced that the audio recording of its Q1 FY26 earnings call is now available on the company’s website. This release is part of their compliance with regulatory requirements, providing stakeholders with insights into the company’s financial performance and strategic direction.