Tejas Networks Ltd. (TEJASNET) AI Stock Analysis

• Market Cap: ₹78.07B
• Dividend Yield: 0.55%
• Average Volume (3M): 85.76K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.32
• Revenue Growth: -17.23%
• EPS Growth: -185.73%
• Country: IN
• Employees: 1,843
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): -10.94
• Shares Outstanding: 177,663,440
• 10 Day Avg. Volume: 89,306
• 30 Day Avg. Volume: 85,756
• PEG Ratio: 0.05
• Price to Book (P/B): 3.62
• Price to Sales (P/S): 1.56
• P/FCF Ratio: -17.09
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: ₹450.00 ▲(0.17% Upside)
• Action: Reiterated Date: 03/03/26
• Date: Action: Reiterated 03/03/26

The score is primarily supported by improving financial performance and strong price trend, but is meaningfully constrained by weak cash flow and higher leverage, along with valuation uncertainty from a negative P/E and near-overbought technical conditions.

Positive Factors

Revenue and profitability turnaround

Sustained revenue expansion and a meaningful net margin improvement indicate the company has been executing product wins and pricing discipline. Over 2-6 months this supports better order visibility, reinvestment capacity for R&D and service delivery, and a clearer path to normalized operating leverage.

Negative Factors

Negative operating & free cash flow

Persistent negative operating and free cash flow constrains liquidity and forces reliance on external financing or delayed supplier payments. Over months this can impair ability to fund working capital for large tenders, slow reinvestment in products and services, and increase refinancing or covenant risk.

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 ent...

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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 ent...

How the Company Makes Money

Tejas Networks primarily makes money by selling telecommunications and networking equipment and associated software to customers building or upgrading network infrastructure. Key revenue streams include: (1) Product sales of optical transport and ...

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Tejas Networks primarily makes money by selling telecommunications and networking equipment and associated software to customers building or upgrading network infrastructure. Key revenue streams include: (1) Product sales of optical transport and ...

Tejas Networks Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	50.13B	89.23B	24.71B	9.22B	5.53B	5.28B
Gross Profit	11.29B	23.81B	8.78B	3.62B	2.42B	2.57B
EBITDA	-1.52B	10.50B	1.59B	-646.30M	-1.38B	187.70M
Net Income	-4.07B	4.47B	629.80M	-364.10M	-627.10M	375.40M
Balance Sheet
Total Assets	98.81B	104.62B	82.03B	36.02B	21.10B	13.12B
Cash, Cash Equivalents and Short-Term Investments	4.12B	8.22B	8.46B	13.05B	10.98B	3.47B
Total Debt	42.96B	34.07B	18.84B	498.20M	197.60M	219.00M
Total Liabilities	65.60B	66.16B	50.53B	6.29B	1.80B	1.78B
Stockholders Equity	33.21B	38.46B	31.49B	29.73B	19.30B	11.34B
Cash Flow
Free Cash Flow	-6.27B	-8.15B	-24.45B	-6.29B	-1.35B	751.30M
Operating Cash Flow	-5.10B	-4.91B	-20.36B	-3.80B	-173.30M	1.58B
Investing Cash Flow	-3.98B	-6.55B	4.31B	-5.81B	-8.28B	-1.67B
Financing Cash Flow	6.32B	12.86B	17.13B	9.99B	8.39B	-34.40M

Tejas Networks Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 449.25
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• 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 Positive. The current price of 449.25 is above the 20-day moving average (MA) of 429.72, above the 50-day MA of 391.19, and below the 200-day MA of 513.20, indicating a neutral trend. The MACD of 7.41 indicates Positive momentum. The RSI at 56.19 is Neutral, neither overbought nor oversold. The STOCH value of 79.41 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RATEGAIN	66 Neutral	₹65.40B	77.17	―	―	5.96%	10.11%
TEJASNET	62 Neutral	₹78.07B	-10.28	―	0.55%	-17.23%	-185.73%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
NAZARA	60 Neutral	₹93.10B	257.47	―	―	80.00%	10.90%
STLTECH	60 Neutral	₹107.71B	-74.07	―	―	-14.27%	78.52%
HFCL	56 Neutral	₹121.85B	25.29	―	0.15%	-19.16%	-92.64%
ASTRAMICRO	51 Neutral	₹96.06B	49.76	―	0.24%	11.44%	23.56%

Tejas Networks Ltd. Corporate Events