Tejas Networks Ltd
NSE: TEJASNET BSE: 540595Telecom
Incorporated in 2000,Tejas Networks Ltd designs and manufactures wireline and wireless networking products, with a focus on technology, innovation and R&D. TNL carrier-class products are used by telecom service providers, utilities, governments, and defence networks in 75+ countries. Company is currently a part of Panatone Finvest Limited (a subsidiary of Tata Sons Private Limited).[1]
₹437
52W: ₹294 — ₹762
PE 0 · Book ₹165 · +165% vs bookMarket Cap₹7,772 Cr
Stock P/E—Price to Earnings
ROCE14.7%Return on Capital
ROE27%Return on Equity
Div. Yield0.58%Face Value ₹10
Weaknesses
- −Stock is trading at 2.66 times its book value
- −Company has low interest coverage ratio.
- −Company has a low return on equity of -3.74% over last 3 years.
- −Company has high debtors of 1,080 days.
- −Working capital days have increased from 198 days to 332 days
Shareholding Pattern
Promoters53.4%
FIIs5.29%
DIIs4.32%
Public36.86%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 55.5% | 55.42%▼0.1 | 54.01%▼1.4 | 53.83%▼0.2 | 53.73%▼0.1 | 53.66%▼0.1 | 53.46%▼0.2 | 53.4%▼0.1 |
| FIIs | 10.2% | 9.58%▼0.6 | 8.04%▼1.5 | 7.08%▼1.0 | 6.14%▼0.9 | 6.24%▲0.1 | 5.95%▼0.3 | 5.29%▼0.7 |
| DIIs | 4.91% | 4.76%▼0.2 | 4.65%▼0.1 | 4.85%▲0.2 | 4.72%▼0.1 | 4.79%▲0.1 | 4.76%▼0.0 | 4.32%▼0.4 |
| Public | 29.39% | 30.24%▲0.8 | 32.65%▲2.4 | 33.59%▲0.9 | 34.94%▲1.3 | 34.92%▼0.0 | 35.64%▲0.7 | 36.86%▲1.2 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 565 | 1,326 | 1,562 | 2,810 | 2,642 | 1,902 | 202 | 261 | 306 | 332 |
| Expenses | 572 | 1,017 | 1,332 | 2,276 | 2,271 | 1,770 | 338 | 555 | 440 | 457 |
| Operating Profit | -7 | 310 | 230 | 534 | 371 | 131 | -136 | -294 | -135 | -125 |
| OPM % | -1% | 23% | 15% | 19% | 14% | 7% | -67% | -112% | -44% | -38% |
| Net Profit | -41 | 150 | 81 | 266 | 165 | -62 | -194 | -307 | -197 | -218 |
| EPS ₹ | -2.44 | 8.8 | 4.74 | 15.54 | 9.41 | -3.52 | -10.98 | -17.37 | -11.09 | -12.29 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹1,101Cr, down 87.7% YoY. OPM at -63%.
Debt Position
Borrowings at ₹4,177Cr. Debt-to-equity ratio: 1.52x. High leverage — monitor closely.
Institutional Flow
DIIs: 4.32% (+0.43pp change). FIIs: 5.29% (-5.62pp change). Promoters hold 53.4%.
Margin & Efficiency
ROCE declining from 5% (Mar 2015) to -15% (Mar 2026). Working capital days: 332.
Recent Announcements
- Disclosure Under Regulation 30(5) Of The SEBI (LODR) Regulations, 2015 2d - Tejas Networks authorizes three KMPs to disclose material events, effective May 16, 2026.
- Communication Sent To The Shareholders' Of The Company, To Claim Their Unclaimed Dividend On Equity Shares For The Financial Year 2018-2019 14 May - Tejas Networks asks shareholders to claim FY2018-19 unclaimed dividend by August 10, 2026, before IEPF transfer.
- Clarification On Price Movement 11 May - Tejas Networks clarified no undisclosed information explains recent price movement.
- Clarification sought from Tejas Networks Ltd 8 May - Exchange has sought clarification from Tejas Networks Ltd on May 8, 2026 with reference to significant movement in price, in order to ensure that investors …
- Intimation Of Date Of 26Th Annual General Meeting 8 May
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse