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Tejas Networks Limited (TEJASNET.NS)

INR550.10 +6.85 (+1.26%)
IN NSE Technology Communication Equipment
Address JP Software Park 560100
Bengaluru, IN
CEO Kumar N. Sivarajan
IPO 2017-06-27
ISIN INE010J01012

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Also trades on Bombay Stock Exchange · TEJASNET.BO (INR) National Stock Exchange of India · TEJASNET.NS (INR)
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, including telecommunications and internet service providers, large-scale internet companies, utility and defense organizations, and government entities, both within India and internationally. Its comprehensive product portfolio includes broadband solutions such as the TJ1400-1 OLT for GPON broadband and the TJ1400 OLT, which supports both GPON and XGS-PON for fiber-to-the-home (FTTH) and fiber-to-the-building (FTTB) services, complemented by various TJ2100N series ONT devices. Tejas Networks also offers converged broadband platforms like the TJ1400, designed for cost-effective mobile backhaul, broadband access, enterprise connectivity, and network modernization, along with the TJ1400-7, an ultra-converged platform integrating optical transport, multi-service access, and LTE capabilities. For optical transport, the TJ1600 platform supports a wide array of applications including mobile backhaul, business connectivity, and broadband infrastructure, alongside the TJ1270 multi-service provisioning platform (MSPP). The company’s networking infrastructure solutions extend to enterprise Ethernet switches, such as the Layer2+ TJ1400P-M1 portfolio and the TJ1400P M3 and M2 switching products optimized for LAN and metro applications. Furthermore, it provides TJ1400P access routers and the TJ1400 aggregation/core service router. In the wireless domain, Tejas Networks offers 4G/LTE solutions, including the TJ1602W Macro eNodeB solution built on the TJ1600-2 platform, and the TJ6003W, a 4G/LTE packet core EPC solution. Overseeing these network deployments is the TJ5500 network management system. Established in 2000, the company was initially known as Tejas Networks India Limited before changing its name to Tejas Networks Limited in March 2008.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR550.10 +6.85 (+1.26%)
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Volume Profile
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Liquidity & share structure
Average Volume
8M
Beta
-0.24
Float Shares
81.32M
Free Float %
45.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+4.42% +6.57% +28.19% +41.09% +24.93% +33.18% -14.99% -16.19% +241.52% +127.27% +127.27%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
550.10
Ratings Trend (MoM) 0% Bullish
Rating 2025-06 Change
Strong Buy 0 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.83
Distress
Piotroski F-Score
1 / 9
Weak
MOAT Score
1 / 10
No MOAT
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Communication Equipment: +9.8%
    -87.6% Q1'26: -82.6% (vs Q1'25)
  • EPS growth Communication Equipment: +36.4%
    -302.3% Q1'26: -191.7% (vs Q1'25)
  • FCF margin FCF growth · Communication Equipment: +59.0%
    +5.5% Q1'26: -188.3% (vs Q1'25)
  • EBIT margin Communication Equipment: +4.7%
    -95.3% Q1'26: -62.7% (vs Q1'25)
  • ROIC Communication Equipment: +3.7%
    -15.9% Q1'26: -9.5% (vs Q1'25)
  • Share dilution Communication Equipment: +0.0%
    +0.6% Q1'26: +0.9% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Communication Equipment: -1.04×
    -6.44× Q1'26: -9.68× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.24) × ERP
WACC = 72% × Ke + 28% × Kd (7.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 550.10
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Revenue
7.50B
est: 7.47B (+0.3%)
9.00B
est: 8.92B (+0.9%)
3.96B
est: 4.93B (-19.7%)
5.28B
est: 4.65B (+13.4%)
5.53B
est: 8.25B (-32.9%)
9.22B
est: 10.73B (-14.1%)
24.71B
est: 19.48B (+26.8%)
89.23B
est: 96.51B (-7.5%)
69.44B
69.44B – 69.44B
-28.0% YoY
47.61B
47.61B – 47.61B
-31.4% YoY
EBITDA
1.02B
est: -151.81M (+771.1%)
1.49B
est: 1.82B (-18.2%)
-754.60M
est: 1.38B (-154.9%)
187.70M
est: -288.34M (+165.1%)
-1.38B
est: -167.57M (-722.2%)
-646.30M
est: -217.96M (-196.5%)
1.59B
est: -964.65M (+265.1%)
10.50B
est: -12.51B (+183.9%)
-9.00B
-9.00B – -9.00B
+28.0% YoY
-6.17B
-6.17B – -6.17B
+31.4% YoY
EBIT
916.10M
est: -366.67M (+349.8%)
1.30B
est: 891.58M (+46.2%)
-889.90M
est: 720.50M (-223.5%)
40.80M
est: -1.35B (+103.0%)
-1.55B
est: -2.31B (+33.1%)
-1.04B
est: -3.01B (+65.6%)
929.80M
est: -4.53B (+120.5%)
9.05B
est: -21.80B (+141.5%)
-15.68B
-15.68B – -15.68B
+28.0% YoY
-10.75B
-10.75B – -10.75B
+31.4% YoY
Net Income
1.07B
est: 2.32B (-54.1%)
1.47B
est: 1.05B (+40.4%)
-2.37B
est: 829.83M (-385.7%)
375.40M
est: -1.93B (+119.4%)
-627.10M
est: 1.06B (-159.4%)
-364.10M
est: -4.31B (+91.5%)
629.80M
est: -6.47B (+109.7%)
4.47B
est: 11.17B (-60.0%)
11.10B
11.10B – 11.10B
-0.6% YoY
4.14B
4.14B – 4.14B
-62.7% YoY
SGA
1.00B
est: 1.64B (-38.9%)
1.37B
est: 2.05B (-33.0%)
1.35B
est: 1.31B (+3.5%)
1.33B
est: 1.61B (-17.2%)
2.25B
est: 2.75B (-18.2%)
2.08B
est: 2.35B (-11.7%)
3.82B
est: 5.39B (-29.1%)
5.05B
est: 25.12B (-79.9%)
18.08B
18.08B – 18.08B
-28.0% YoY
12.39B
12.39B – 12.39B
-31.4% YoY
EPS
12.41
est: 13.18 (-5.9%)
16.13
est: 15.06 (+7.1%)
-25.76
est: -11.30 (-128.0%)
4.06
est: -3.00 (+235.3%)
-5.97
est: 6.00 (-199.5%)
-2.37
est: 23.30 (-110.2%)
3.71
est: -5.10 (+172.7%)
25.75
est: 63.10 (-59.2%)
62.70
62.70 – 62.70
-0.6% YoY
23.40
23.40 – 23.40
-62.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-12 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-06-11 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-06-10 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-06-09 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-06-08 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-06-05 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-06-04 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-06-03 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-06-02 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-06-01 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-05-29 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-05-27 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-05-26 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-05-25 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-05-22 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-05-21 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-05-20 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-05-19 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-05-18 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-05-15 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-05-14 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-05-13 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-05-12 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-05-11 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-05-08 C- 1/5 1/5 1/5 1/5 1/5 1/5 4/5
2026-05-07 C- 1/5 1/5 1/5 1/5 1/5 1/5 4/5
2026-05-06 C- 1/5 1/5 1/5 1/5 1/5 1/5 4/5
2026-05-05 C- 1/5 1/5 1/5 1/5 1/5 1/5 4/5
2026-05-04 C- 1/5 1/5 1/5 1/5 1/5 1/5 4/5
2026-04-30 C- 1/5 1/5 1/5 1/5 1/5 1/5 4/5
2026-04-29 C- 1/5 1/5 1/5 1/5 1/5 1/5 4/5
2026-04-28 C- 1/5 1/5 1/5 1/5 1/5 1/5 4/5
2026-04-27 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-04-24 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-04-23 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-04-22 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-04-21 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-04-20 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.70B
OE per share TTM
9.61
Owner's Yield
1.60%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
11.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 4 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 VanEck Digital India ETF DGIN 0.56% 87.2K 0.70%
2 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.03% 235.2K 0.65%
3 State Street SPDR Portfolio Emerging Markets ETF SPEM 0.03% 4.41M 0.07%
4 State Street SPDR Portfolio MSCI Global Stock Market ETF SPGM 0.00% 22.4K 0.09%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-5.70M
Shares Outstanding
177.49M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Arnob Roy Co-Founder, MD, CEO & Executive Director 53M male
Kumar N. Sivarajan Co-Founder & Chief Technology Officer 23M
Asha Ranjan Mathews Chief Human Resources Officer 14M female
Rajiv K. Mahajan Senior Vice President 9M male
Sumit Dhingra Chief Financial Officer 5M male
Prasad Chief Financial Officer 5M male
Anantha Narayana Murthy Company Secretary & Compliance Officer male
Vivek Shenoy Vice President
Gajendra Singh Ranka Group Director
N. Satyesh Senior Vice President of International Sales male
Preetham Uthaiah Chief Operating Officer male
Sanjay Malik Chief Strategy & Business Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits