Tejas Networks Ltd. (IN:TEJASNET)
:TEJASNET
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Tejas Networks Ltd.
(TEJASNET)
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Rating:52Neutral
Price Target:
₹586.00
▲(30.44% 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
Diversified telecom product & software portfolio
Tejas has a broad, end-to-end product set (optical transport, IP/MPLS, access/backhaul, management software) serving service providers, enterprise and government. This diversified product and customer mix supports durable revenue channels and reduces dependence on any single segment over multi-year cycles.
Negative Factors
Sharp FY2026 revenue and margin collapse
A ~78% revenue drop and deeply negative gross and net margins in FY2026 indicate structural demand, pricing or cost-absorption failures. Such abrupt deterioration undermines earnings quality, erodes customer and supplier confidence, and increases the risk that recovery will require prolonged margin repair and restructured go-to-market execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified telecom product & software portfolio
Tejas has a broad, end-to-end product set (optical transport, IP/MPLS, access/backhaul, management software) serving service providers, enterprise and government. This diversified product and customer mix supports durable revenue channels and reduces dependence on any single segment over multi-year cycles.
Read all positive factors
Tejas Networks Ltd. (TEJASNET) vs. iShares MSCI India ETF (INDA)
Market Cap
₹103.27B
Dividend Yield0.55%
Average Volume (3M)85.76K
Price to Earnings (P/E)―
Beta (1Y)1.16
Revenue Growth-87.10%
EPS Growth-296.63%
CountryIN
Employees1,843
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-22.79
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 | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.13B | 11.03B | 89.23B | 24.71B | 9.22B | 5.53B |
| Gross Profit | 11.29B | -2.91B | 23.81B | 8.78B | 3.62B | 2.42B |
| EBITDA | -1.52B | -6.48B | 10.50B | 1.59B | -646.30M | -1.38B |
| Net Income | -4.07B | -9.09B | 4.47B | 629.80M | -364.10M | -627.10M |
Balance Sheet | ||||||
| Total Assets | 98.81B | 94.03B | 104.62B | 82.03B | 36.02B | 21.10B |
| Cash, Cash Equivalents and Short-Term Investments | 4.12B | 5.05B | 8.22B | 8.46B | 13.05B | 10.98B |
| Total Debt | 42.96B | 41.77B | 34.07B | 18.84B | 498.20M | 197.60M |
| Total Liabilities | 65.60B | 64.72B | 66.16B | 50.53B | 6.29B | 1.80B |
| Stockholders Equity | 33.21B | 29.31B | 38.46B | 31.49B | 29.73B | 19.30B |
Cash Flow | ||||||
| Free Cash Flow | -6.27B | -3.49B | -8.15B | -24.45B | -6.29B | -1.35B |
| Operating Cash Flow | -5.10B | -1.74B | -4.91B | -20.36B | -3.80B | -173.30M |
| Investing Cash Flow | -3.98B | -7.65B | -6.55B | 4.31B | -5.81B | -8.28B |
| Financing Cash Flow | 6.32B | 7.08B | 12.86B | 17.13B | 9.99B | 8.39B |
Tejas Networks Ltd. Technical Analysis
Positive
449.25
Price Trends
475.33
Positive
427.37
Positive
478.73
Positive
Market Momentum
32.85
Negative
63.35
Neutral
60.17
Neutral
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 531.49, below the 50-day MA of 475.33, and below the 200-day MA of 478.73, indicating a bullish trend. The MACD of 32.85 indicates Negative momentum. The RSI at 63.35 is Neutral, neither overbought nor oversold. The STOCH value of 60.17 is Neutral, 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 (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹18.12B | 17.45 | ― | 5.12% | 13.14% | -0.22% | |
71 Outperform | ₹140.24B | 77.48 | ― | 0.24% | 10.62% | 25.69% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | ₹289.21B | 89.97 | ― | 0.15% | 21.77% | 72.87% | |
54 Neutral | ₹303.98B | 536.89 | ― | ― | -3.90% | ― | |
52 Neutral | ₹103.27B | -11.76 | ― | 0.55% | -87.10% | -296.63% | |
46 Neutral | ₹291.24B | 127.17 | ― | ― | -39.62% | ― |
* Technology Sector Average
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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...
Tejas Networks, IIT Gandhinagar Partner to Drive Next-Gen Telecom Innovation
Apr 1, 2026
Tejas Networks has signed a Memorandum of Understanding with the Indian Institute of Technology Gandhinagar to drive innovation, research and skill development in emerging telecom technologies. The partnership will leverage IIT Gandhinagar’s...
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.