Dashboard/TEJASNET

TEJASNET

CAUTION

Tejas Networks Limited

Telecom · NSE

52W Low

294

+58.2% from low

52W High

762

-38.9% from high

News sentiment
18 bull33 neu23 bear

Valuation Gauge

CAUTION Margin of Safety
OVERVALUEDFAIRLY VALUEDUNDERVALUED

Current Price

₹465

Fair Value

Fair Value Analysis

Insufficient data to compute fair value | Sector-cheap: P/E at 20th percentile vs sector peers. | ROCE improving (latest 17.3%) — capital allocation becoming more efficient. | COVID-resilient: PAT dropped from ₹147Cr (FY2019) to ₹-237Cr (FY2020) during COVID but has fully recovered.

Low confidence

Price vs Market

TEJASNET
Nifty 50

Shareholding Pattern

Stock Health Score

B

Solid Fundamentals

6.8 / 10

Profitability

5/10

Negative ROE of -26.8% — returns on equity are poor

Debt & Leverage

10/10

D/E ratio of 1.4x is well within the Telecom sector norm of 1.5x — strong balance sheet

Valuation vs Peers

10/10

P/E of 11.4x trades at a 75% discount to Telecom sector median (45x) — attractively valued

Cash Flow

1/10

Negative FCF of ₹-749 Cr — company is consuming more cash than it generates

Earnings Growth

10/10

5yr EPS CAGR of 23.7% is well above the Telecom sector average of 5.0% — strong growth

Dividend

6/10

Dividend yield of 0.6% provides moderate shareholder returns

Company Health Timeline

10-year financial health at a glance

FY17
FY18
FY19
FY20
FY21
FY22
FY23
FY24
FY25
FY26
Revenue Growth
OPM %
Net Profit
Free Cash Flow
ROE %
ROCE %
Debt / Equity
Interest Cov.
Health Score
100
75
88
25
50
13
25
50
88
0
Strong
Moderate
Weak
Poor
No data

Sentiment Trend — Last 30 Days

Historical Returns

Key Ratios & Growth

FCF Yield

-8.0%

Free cash flow / market cap

Operating Cash Flow

₹135 Cr

TTM cash from operations

Key Financials

EPS (TTM)

₹39

P/E Ratio

11.4x

P/B Ratio

2.7x

ROE

-26.8%

ROCE

-28.8%

Debt / Equity

1.43x

Beta

-0.39

Div Yield

0.5%

FCF (Cr)

₹-749 Cr

Revenue (Cr)

₹1,097 Cr

EPS Growth 5Y

Mkt Cap (Cr)

₹7,909 Cr

52W High

₹761.6

52W Low

₹294

Book Value/Share

₹165.2

Financial History

PeriodRevenueOp ProfitOPM%PATEPS
2026-03-31₹1.1K Cr₹-682 Cr-62.0%₹-909 Cr₹-51.14
2025-03-31₹8.9K Cr₹1.3K Cr14.0%₹447 Cr₹25.32
2024-03-31₹2.5K Cr₹266 Cr11.0%₹63 Cr₹3.69
2023-03-31₹920 Cr₹14 Cr2.0%₹-36 Cr₹-2.16
2022-03-31₹551 Cr₹-80 Cr-15.0%₹-63 Cr₹-5.47
2021-03-31₹527 Cr₹53 Cr10.0%₹38 Cr₹4.03
2020-03-31₹391 Cr₹-87 Cr-22.0%₹-237 Cr₹-25.71
2019-03-31₹900 Cr₹196 Cr22.0%₹147 Cr₹16.05
2018-03-31₹750 Cr₹153 Cr20.0%₹107 Cr₹11.73
2017-03-31₹875 Cr₹164 Cr19.0%₹93 Cr₹13.15
2016-03-31₹627 Cr₹113 Cr18.0%₹29 Cr₹4.59
2015-03-31₹387 Cr₹68 Cr18.0%₹-18 Cr₹-3.07

Compounded Growth Rates

Sales Growth

3Y+6.2%
5Y+15.9%
10Y+5.8%

Profit Growth

3Y
5Y
10Y

EPS Growth

3Y
5Y
10Y

Peer Comparison

Telecom
StockPriceFair ValueMoS%P/EROESignal

Pritish Nandy Communications Limited

₹18.7₹50.3+62.8%55.50.7%FAIRLY_VALUED

Paramount Communications Limited

₹59.1₹68.3+13.5%29.67.7%FAIRLY_VALUED

Indus Towers

₹432₹473+8.7%15.919.8%FAIRLY_VALUED

TV Today Network Limited

₹110.4₹98-12.7%39.76.5%FAIRLY_VALUED

Bharat Road Network Limited

₹20.2₹13.6-48.2%6.210.4%OVERVALUED

Bharti Hexacom Limited

₹1,545₹640.1-141.4%4528.8%OVERVALUED

Bharti Airtel

₹1,872.7₹745.4-151.2%42.919.4%OVERVALUED

Tata Communications

₹1,957₹315.7-519.8%45.931.1%OVERVALUED

Institutional Activity

Bulk deals, block deals, short selling & delivery volume — NSE data

Insider Trading

Community Pulse

Exchange Filings

BSE announcements · last 90 days

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