Tejas Networks Ltd. (TEJASNET) AI Stock Analysis

• Market Cap: ₹103.96B
• Dividend Yield: 0.43%
• Average Volume (3M): 89.74K
• Price to Earnings (P/E): 56.5
• Beta (1Y): 1.41
• Revenue Growth: 100.45%
• EPS Growth: 6.29%
• Country: IN
• Employees: 1,843
• Sector: Technology
• Sector Strength: 81
• Industry: Communication Equipment
• EPS (TTM): -10.99
• Shares Outstanding: 176,734,600
• 10 Day Avg. Volume: 59,535
• 30 Day Avg. Volume: 89,742
• 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: ₹639.00
• Price Target Upside: 8.64% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 54 Neutral
• Price Target: ₹639.00 ▲(8.64% Upside)

The stock score is primarily influenced by strong financial performance and growth prospects. However, technical analysis indicates bearish momentum, and the valuation suggests potential overvaluation. Addressing cash flow management and leverage issues will be crucial for future performance.

Tejas Networks Ltd. Business Overview & Revenue Model

Company Description

Tejas Networks Ltd. (TEJASNET) is a prominent player in the telecommunications equipment industry, based in India. The company specializes in designing, developing, and selling high-performance and cost-competitive networking products to telecommunications service providers, internet service providers, utility companies, and enterprises. Its core products include optical and data networking products, such as fiber optic transmission solutions, broadband access solutions, and network management systems.

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: 588.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 588.2 is above the 20-day moving average (MA) of 584.19, below the 50-day MA of 623.79, and below the 200-day MA of 837.70, indicating a neutral trend. The MACD of -4.48 indicates Negative momentum. The RSI at 46.23 is Neutral, neither overbought nor oversold. The STOCH value of 34.35 is Neutral, 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	₹72.92B	34.59		―	8.68%	23.49%
Sector *	61 Neutral	$35.56B	8.62	-10.46%	1.86%	8.47%	-8.26%
STLTECH	60 Neutral	₹53.60B	―		1.10%	-8.29%	61.61%
ASTRAMICRO	58 Neutral	₹95.75B	58.90		0.20%	17.79%	20.42%
NAZARA	58 Neutral	₹102.60B	73.16		―	65.14%	80.65%
TEJASNET	54 Neutral	₹103.96B	56.49		0.43%	100.45%	6.29%
HFCL	51 Neutral	₹100.76B	297.32		0.14%	-18.38%	-91.01%

Tejas Networks Ltd. Corporate Events

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.