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Tejas Networks Ltd

(TEJASNET)

₹1299.153.36%

as on 04:01PM, 12 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Tejas Networks Ltd Analyst Rating

based on 1 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 1 analysts offering long term price targets for Tejas Networks Ltd. An average target of ₹1100

Source: S&P Global Market Intelligence

Tejas Networks Ltd Share analysis

Tejas Networks Ltd price forecast by 1 analysts

Downside of-18.17%

High

₹1100

Target

₹1100.00

Low

₹1100

Tejas Networks Ltd target price ₹1100, a slight downside of -18.17% compared to current price of ₹1299.15. According to 1 analysts rating.

Source: S&P Global Market Intelligence

Tejas Networks Ltd Performance

  • Day's Low

    Day's High

    ₹1,292.05
    ₹1,373
  • 52 Week's Low

    52 Week's High

    ₹651.25
    ₹1,495
1 Month Return+ 11.77 %
3 Month Return+ 7.39 %
1 Year Return+ 58.06 %
Previous Close₹1,344.30
Open₹1,355.00
Volume13.53L
Upper Circuit-
Lower Circuit-
Market Cap₹23,022.56Cr

Tejas Networks Ltd Key Statistics

P/E Ratio50.59
PEG Ratio1.66
Market Cap₹23,022.56 Cr
P/B Ratio3.56
EPS3.62
Dividend Yield0
SectorTelecomm Equipment & Infra Services
ROE2.63

Tejas Networks Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹23,022.56 Cr345.8%0.69₹62 Cr₹2,470 Cr
NA₹31,454.63 Cr55.12%0.77-₹569 Cr₹1,263 Cr
BUY₹5,906.15 Cr-1.48%0.79-₹57 Cr₹5,478 Cr
NA₹18,480.64 Cr125.98%0.59₹337 Cr₹4,465 Cr
BUY₹9,202.00 Cr24.88%0.51₹388 Cr₹4,023 Cr

About Tejas Networks Ltd

Tejas Networks Ltd is an Indian telecommunications equipment manufacturer founded in 2000. It is headquartered in Bangalore, India, and is a publicly traded company on the Bombay Stock Exchange.

Tejas Networks provides a comprehensive suite of products and solutions for optical networking, packet transport and access networks. Their product lines include optical transport, packet optical transport, access, and broadband access. Tejas Networks also provides network integration and optimization services.

Share Price: ₹1299.15 per share as on 12 Nov, 2024 04:01 PM
Market Capitalisation: ₹23,022.56Cr as of today
Revenue: ₹2,655.16Cr as on September 2024 (Q3 24)
Net Profit: ₹275.18Cr as on September 2024 (Q3 24)
Listing date: 27 Jun, 2017
Chairperson Name: N G Subramaniam
OrganisationTejas Networks Ltd
HeadquartersBengaluru
IndustryTelecomm Equipment & Infra Services
E-voting on sharesClick here to vote

Key events for Tejas Networks Ltd

  • Tejas Networks Reports Record Revenue and Profit Growth - 12 Nov, 2024

    Tejas Networks Ltd achieved its highest quarterly revenue of INR 2,811 crores in Q2 FY25, with profit after tax rising to INR 275 crores. The company's order book stands at INR 4,845 crores, and its stock has increased by 14% since Ratan Tata's passing, bolstered by PLI incentives.

  • Tejas Networks Sees Growth from BSNL Network Expansion - 08 Nov, 2024

    Tejas Networks highlighted growth potential from BSNL's pan-India network ramp-up during its earnings call. The company has received additional orders for 4G sites and is conducting a Proof of Concept for 5G upgrades.

  • Tejas Networks Positioned for Strong Growth Ahead - 29 Oct, 2024

    Tejas Networks is set for robust growth, driven by significant opportunities in 4G/5G expansions, Indian railway projects, and international markets. The company has a strong order book of Rs 4,845 crore and a Buy rating with a target price of Rs 1,650 per share.

  • Tejas Networks Receives Positive Buy Recommendation - 25 Oct, 2024

    Tejas Networks (TNL) has received a Buy recommendation from Ventura, with a target price of ₹1,850, indicating a potential upside of 48.5%. Ventura forecasts strong revenue and earnings growth from FY24-27, with significant improvements in margins and return ratios.

  • Ventura Securities Initiates Coverage on Tejas Networks - 24 Oct, 2024

    Ventura Securities has initiated coverage on Tejas Networks Limited with a BUY rating and a target price of Rs 1,850 in 24 months. The company is expected to see significant revenue and earnings growth over FY24-27, with positive margin improvements.

  • Tejas Networks Reports Exceptional Growth in Q3 2024 - 22 Oct, 2024

    Tejas Networks reported a remarkable 682.31% increase in net sales to Rs 2,810.14 crore for September 2024. Net profit surged 2321.87% to Rs 266.18 crore, with EBITDA rising 2439.61%. The EPS increased to Rs 15.53. Shares closed at Rs 1,318.60, reflecting strong returns of 45.40% over six months and 59.26% over twelve months.

  • Tejas Networks Surges 20% on Strong Q2 Results - 21 Oct, 2024

    Tejas Networks shares surged 20% to ₹1,427.55 following impressive Q2 FY25 results, reporting revenue of ₹2,811 crore and a net profit turnaround. The company attributes growth to increased shipments for BSNL's network and strong international demand for its products.

  • Tejas Networks Reports Impressive Q2FY25 Turnaround - 20 Oct, 2024

    Tejas Networks Ltd reported a remarkable turnaround with a 2,277% net profit increase in Q2FY25, alongside a 610% rise in net sales. The stock surged 8.12% to Rs 1,215.85, reflecting strong investor confidence and a robust order book of Rs 4,845 crore.

  • Tejas Networks Reports Strong Q2 Growth and Profit - 19 Oct, 2024

    Tejas Networks announced a remarkable Q2 FY 2024-25, with profits of ₹275.18 crore and revenue growth of 610% year-over-year. The company shows strong performance and a consensus 'Strong Buy' recommendation from analysts, reflecting confidence in its future prospects.

  • Tejas Networks Reports Strong Growth Ahead of Q2 Earnings - 18 Oct, 2024

    Tejas Networks showcases impressive growth with a seven-fold revenue increase in Q2 FY25, net profit of ₹266 crore, and strong trading activity leading up to earnings release.

  • Tejas Networks Advocates for AI Data Sharing - 14 Oct, 2024

    Tejas Networks CEO emphasizes the need for a formal mechanism to share datasets for training AI models, ensuring accurate conclusions and improved AI technology.

Insights on Tejas Networks Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, TEJASNET has outperformed top 5 stocks with highest market-cap in Communications & Networking

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 77.48 Cr → 275.18 Cr (in ₹), with an average increase of 71.8% per quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 6 quarters, 207.37 Cr → 2.82K Cr (in ₹), with an average increase of 38.8% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 month, TEJASNET stock has moved up by 11.8%

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 4.41% to 4.43% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 29.40% to 30.24% in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, HFCL Ltd has given 93.4% return, outperforming this stock by 35.3%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 10.19% to 9.58% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 55.50% to 55.42% in Sep 2024 quarter

Tejas Networks Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹395.95Cr (-)₹559.96Cr (↑41.42%)₹1,170.52Cr (↑109.04%)₹1,496.07Cr (↑27.81%)₹2,655.16Cr (↑77.48%)
Net Income-₹12.64Cr (-)-₹44.87Cr (↑254.98%)₹146.78Cr (↓427.12%)₹77.48Cr (↓47.21%)₹275.18Cr (↑255.16%)
Net Profit Margin-3.19% (-)-8.01% (↑151.10%)12.54% (↓256.55%)5.18% (↓58.69%)10.36% (↑100.00%)
Value in ₹ crore
Details2021202220232024
Total Assets₹1,320.50Cr (-)₹2,114.34Cr (↑60.12%)₹3,470.48Cr (↑64.14%)₹8,106.10Cr (↑133.57%)
Total Liabilities₹187.54Cr (-)₹187.24Cr (↓0.16%)₹463.21Cr (↑147.39%)₹4,903.79Cr (↑958.65%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹0.52Cr (-)₹156.98Cr (↑30,088.46%)-₹18.55Cr (↓111.82%)-₹369.31Cr (↑1,890.89%)-₹2,088.06Cr (↑465.39%)

Index Inclusions

Nifty Smallcap 50

₹8,674.85

-1.54 (-136%)

S&P BSE 250 SmallCap

₹6,921.04

-1.39 (-97.86%)

S&P BSE 400 MidSmallCap

₹11,879.50

-1.15 (-138.04%)

Nifty Smallcap 250

₹17,196.40

-1.31 (-227.5%)

Nifty Small 100

₹17,991.60

-1.28 (-233.55%)

BSE Tech

₹19,224.58

-0.04 (-7.69%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Nifty MidSmallcap 400

₹19,401.45

-1.05 (-206.85%)

Nifty 500

₹22,331.05

-1.15 (-260.35%)

BSE 500

₹35,161.57

-1.18 (-418.81%)

BSE Small-Cap

₹53,604.48

-1.26 (-681.93%)

Tejas Networks Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
55.42%
-0.15
Foreign Institutions
9.58%
-5.99
Mutual Funds
4.43%
0.36
Retail Investors
30.24%
2.86
Others
0.34%
-32.14

Tejas Networks Ltd Key Indicators

Details2020202120232024
Return On Equity %-19.694.50.122.63
Details20202021202220232024
Return On Assets %-18.872.84-2.97-1.050.78
Details20202021202220232024
Book Value Per Share (₹)113.21117.52135.19173.21181.03
Details20202021202220232024
Earning Per Share (₹)-24.833.89-5.32-2.123.62

Tejas Networks Ltd Valuation

Tejas Networks Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-322.64x)

June 21, 2023

Industry (33.10x)

November 11, 2024

Today (50.59x)

November 11, 2024

Highest (390.23x)

June 27, 2024

LowHigh

Tejas Networks Ltd Earnings and Dividends

  • Tejas Networks Ltd Earnings Results

    Tejas Networks Ltd’s net profit jumped 2277.06% since last year same period to ₹275.18Cr in the Q2 2024-2025. On a quarterly growth basis, Tejas Networks Ltd has generated 255.16% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Tejas Networks Ltd Dividends April,2019

    In the quarter ending March 2019, Tejas Networks Ltd has declared dividend of ₹1 - translating a dividend yield of 0.08%.

    Read More about Dividends

Tejas Networks Ltd Technicals Summary

Bearish

Neutral

Bullish

Bullish

Tejas Networks Ltd is currently in a Bullish trading position according to technical analysis indicators.

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Tejas Networks Ltd (TEJASNET) share price today is ₹1299.15

Tejas Networks Ltd is listed on NSE

Tejas Networks Ltd is listed on BSE

  • Today’s highest price of Tejas Networks Ltd is ₹1373.
  • Today’s lowest price of Tejas Networks Ltd is ₹1292.05.

PE Ratio of Tejas Networks Ltd is 50.59

PE ratio = Tejas Networks Ltd Market price per share / Tejas Networks Ltd Earnings per share

Today’s traded volume of Tejas Networks Ltd(TEJASNET) is 13.53L.

Today’s market capitalisation of Tejas Networks Ltd(TEJASNET) is ₹23022.56Cr.

Tejas Networks Ltd(TEJASNETPrice
52 Week High
₹1495
52 Week Low
₹651.25

Tejas Networks Ltd(TEJASNET) share price is ₹1299.15. It is down -13.10% from its 52 Week High price of ₹1495

Tejas Networks Ltd(TEJASNET) share price is ₹1299.15. It is up 99.49% from its 52 Week Low price of ₹651.25

Tejas Networks Ltd(TEJASNETReturns
1 Day Returns
-45.15%
1 Month Returns
11.77%
3 Month Returns
7.39%
1 Year Returns
58.06%