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Tejas Networks Ltd.
(TEJASNET)
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Rating:50Neutral
Price Target:
₹476.00
▲(5.95% Upside)
Action:Reiterated
Date:08/29/26
The score is held back primarily by weak financial performance (sharp FY2026 revenue/profitability deterioration, multi-year cash burn, and higher leverage). Technicals provide partial offset with the stock trading above key moving averages despite mixed momentum indicators, while valuation offers limited support due to loss-making earnings and a low dividend yield.
Positive Factors
Broad telecom networking portfolio
A broad carrier-grade portfolio gives Tejas multiple ways to participate in network upgrades across transport, access, and switching. Serving telecom operators, enterprises, and government networks can diversify customer demand and support relevance as wired and mobile infrastructure expands.
Negative Factors
Severe FY2026 revenue and margin deterioration
The sharp revenue contraction and deeply negative margins indicate that current demand, pricing, or cost absorption is not supporting the operating model. Such deterioration can weaken customer and supplier confidence, reduce scale benefits, and make a near-term earnings recovery less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Broad telecom networking portfolio
A broad carrier-grade portfolio gives Tejas multiple ways to participate in network upgrades across transport, access, and switching. Serving telecom operators, enterprises, and government networks can diversify customer demand and support relevance as wired and mobile infrastructure expands.
Read all positive factors
Tejas Networks Ltd. (TEJASNET) vs. iShares MSCI India ETF (INDA)
Market Cap
₹84.80B
Dividend Yield0.53%
Average Volume (3M)289.57K
Price to Earnings (P/E)―
Beta (1Y)1.41
Revenue Growth-82.05%
EPS Growth-593.40%
CountryIN
Employees2,229
SectorGeneral
Sector StrengthN/A
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-51.37
Shares Outstanding178,141,020
10 Day Avg. Volume84,045
30 Day Avg. Volume289,570
Financial Highlights & Ratios
PEG Ratio0.02
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 primarily makes money by selling telecom and networking equipment and delivering related deployment services for communication networks. Key revenue streams generally include: (1) Product revenue from the sale of optical transport s...
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 | 13.03B | 11.03B | 89.23B | 24.71B | 9.22B | 5.53B |
| Gross Profit | -2.38B | -2.91B | 23.81B | 8.78B | 3.62B | 2.42B |
| EBITDA | -6.14B | -6.48B | 12.58B | 2.75B | 189.00M | -779.20M |
| Net Income | -9.17B | -9.09B | 4.47B | 629.80M | -364.10M | -627.10M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 94.03B | 104.62B | 82.03B | 36.02B | 21.10B |
| Cash, Cash Equivalents and Short-Term Investments | 4.69B | 5.05B | 8.22B | 8.46B | 13.05B | 10.98B |
| Total Debt | 0.00 | 41.77B | 34.07B | 18.84B | 498.20M | 197.60M |
| Total Liabilities | -29.31B | 64.72B | 66.16B | 50.53B | 6.29B | 1.80B |
| Stockholders Equity | 29.31B | 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
Negative
449.25
Price Trends
522.93
Negative
536.13
Negative
472.59
Negative
Market Momentum
-18.58
Positive
33.87
Neutral
11.62
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 449.25 is below the 20-day moving average (MA) of 512.89, below the 50-day MA of 522.93, and below the 200-day MA of 472.59, indicating a bearish trend. The MACD of -18.58 indicates Positive momentum. The RSI at 33.87 is Neutral, neither overbought nor oversold. The STOCH value of 11.62 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹161.98B | 85.44 | ― | 0.14% | 4.02% | 16.28% | |
63 Neutral | ₹14.93B | 13.87 | ― | 4.76% | 20.48% | 2.16% | |
61 Neutral | ₹401.40B | 70.81 | ― | 0.07% | 58.66% | 1518.05% | |
58 Neutral | ₹522.00B | 204.09 | ― | 0.65% | 18.90% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹84.80B | -9.09 | ― | 0.53% | -82.05% | -593.40% | |
41 Neutral | ₹238.16B | 89.72 | ― | ― | -41.28% | ― |
* General Sector Average
IN:TEJASNET
Tejas Networks Ltd.
467.00
-127.50
-21.45%
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IN:HFCL
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IN:ITI
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IN:STLTECH
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761.06%
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.