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Tejas Networks Ltd.
(TEJASNET)
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Rating:52Neutral
Price Target:
₹576.00
▲(28.21% Upside)
Action:Reiterated
Date:05/08/26
The score is held back primarily by weak financial performance: a sharp FY2026 revenue and profitability collapse, sustained negative operating/free cash flow, and higher leverage. Technicals partially offset this with a strong trend (price above key moving averages) and supportive momentum, while valuation offers limited support due to current losses and only a modest dividend yield.
Positive Factors
Diverse product and revenue streams
Tejas generates revenue from hardware, solutions/projects, services (AMCs, spares) and software/licenses. This multi-stream model provides durable revenue diversification, supports recurring service income, and reduces single-market exposure across operator, enterprise and government contracts.
Negative Factors
Sharp FY2026 revenue and profit collapse
A 78% revenue decline and deep negative margins signal structural demand, pricing or execution failures that materially impair scale and cost absorption. Such a dramatic reversal undermines predictability, weakens competitive position, and raises the hurdle for sustained operational recovery over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Diverse product and revenue streams
Tejas generates revenue from hardware, solutions/projects, services (AMCs, spares) and software/licenses. This multi-stream model provides durable revenue diversification, supports recurring service income, and reduces single-market exposure across operator, enterprise and government contracts.
Read all positive factors
Tejas Networks Ltd. (TEJASNET) vs. iShares MSCI India ETF (INDA)
Market Cap
₹100.36B
Dividend Yield0.55%
Average Volume (3M)85.76K
Price to Earnings (P/E)―
Beta (1Y)1.18
Revenue Growth-87.10%
EPS Growth-296.63%
CountryIN
Employees2,229
SectorGeneral
Sector StrengthN/A
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-50.99
Shares Outstanding177,850,940
10 Day Avg. Volume89,306
30 Day Avg. Volume85,756
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)2.33
Price to Sales (P/S)6.20
P/FCF Ratio-19.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Tejas Networks Ltd. Business Overview & Revenue Model
Company Description
Tejas Networks Limited, headquartered in Bengaluru, India, specializes in the development, manufacturing, and global distribution of advanced optical, data networking, and wireless communication products. The company caters to a diverse clientele,...
How the Company Makes Money
Tejas Networks makes money primarily by selling telecom/networking equipment and associated software to customers deploying and upgrading communications infrastructure. Key revenue streams typically include: (1) Product revenue from the sale of op...
Tejas Networks Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
42
Neutral
Cash Flow
22
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 11.03B | 89.23B | 24.71B | 9.22B | 5.53B |
| Gross Profit | -2.91B | 23.81B | 8.78B | 3.62B | 2.42B |
| EBITDA | -6.48B | 10.50B | 1.59B | -646.30M | -1.38B |
| Net Income | -9.09B | 4.47B | 629.80M | -364.10M | -627.10M |
Balance Sheet | |||||
| Total Assets | 94.03B | 104.62B | 82.03B | 36.02B | 21.10B |
| Cash, Cash Equivalents and Short-Term Investments | 5.05B | 8.22B | 8.46B | 13.05B | 10.98B |
| Total Debt | 41.77B | 34.07B | 18.84B | 498.20M | 197.60M |
| Total Liabilities | 64.72B | 66.16B | 50.53B | 6.29B | 1.80B |
| Stockholders Equity | 29.31B | 38.46B | 31.49B | 29.73B | 19.30B |
Cash Flow | |||||
| Free Cash Flow | -3.49B | -8.15B | -24.45B | -6.29B | -1.35B |
| Operating Cash Flow | -1.74B | -4.91B | -20.36B | -3.80B | -173.30M |
| Investing Cash Flow | -7.65B | -6.55B | 4.31B | -5.81B | -8.28B |
| Financing Cash Flow | 7.08B | 12.86B | 17.13B | 9.99B | 8.39B |
Tejas Networks Ltd. Technical Analysis
Positive
449.25
Price Trends
533.40
Positive
471.47
Positive
478.55
Positive
Market Momentum
4.46
Positive
48.94
Neutral
17.12
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TEJASNET, the sentiment is Positive. The current price of 449.25 is below the 20-day moving average (MA) of 593.56, below the 50-day MA of 533.40, and below the 200-day MA of 478.55, indicating a neutral trend. The MACD of 4.46 indicates Positive momentum. The RSI at 48.94 is Neutral, neither overbought nor oversold. The STOCH value of 17.12 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:TEJASNET.
Tejas Networks Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹17.98B | 17.28 | ― | 5.12% | 13.14% | -0.22% | |
68 Neutral | ₹171.26B | 88.76 | ― | 0.24% | 10.62% | 25.69% | |
59 Neutral | ₹332.75B | 102.00 | ― | 0.15% | 21.77% | 72.87% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹278.43B | 475.53 | ― | ― | -3.90% | ― | |
52 Neutral | ₹100.36B | -11.07 | ― | 0.55% | -87.10% | -296.63% | |
46 Neutral | ₹279.04B | 120.44 | ― | ― | -39.62% | ― |
* General Sector Average
IN:TEJASNET
Tejas Networks Ltd.
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-19.32%
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Tejas Networks Ltd. Corporate Events
Tejas Networks Says No Undisclosed News Behind Share Price Surge
May 11, 2026
Tejas Networks has told stock exchanges that it remains in full compliance with SEBI’s Listing Obligations and Disclosure Requirements and has no undisclosed information or impending announcements that could explain the recent sharp movement...
Tejas Networks Opens Special Window for Dematerialisation of Physical Shares
Apr 23, 2026
Tejas Networks has notified stock exchanges that it has published a shareholder notice announcing a special window for the transfer and dematerialisation of physical securities. The notice appeared in the Financial Express and Vishva Vani on April...
Tejas Networks Posts Q4 FY26 Earnings Call Recording Online
Apr 15, 2026
Tejas Networks Limited has notified the stock exchanges that it conducted its earnings call for the fourth quarter of fiscal year 2026 on April 15, 2026. The company has made the audio recording of this earnings call available to investors and the...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.