āagman

Not investment advice. Data and computed figures, for information only.

Tejas Networks Ltd

NSE: TEJASNET
₹468.25
+₹3.95 (+0.85%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹7,966 Cr
CMP
₹468.25
52-wk High / Low
₹645 / 294
P/B
2.7
Book Value
₹165.0
Div Yield
0.00%
ROCE
−15.0%
ROE
−26.8%
Face Value
₹10
D/E
1.43

Price−22.0% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
2
/ 9
2 of 9 F-score tests passed
ROIC
−10.2%
vs 4.9% sector median
Cash flow to profit
−0.15
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+4,245
bps OPM YoY
Operating margin vs the same quarter last year
ROE stability
14.3
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.07FII +0.53DII −0.28
Latest quarter vs the previous one
Cash-accrual divergence
−10.5%
of assets
Low = accruals track cash flow
Strengths
Watch-outs
−Latest ROCE of -15% trails the sector median of 11%
−Borrowings are up 1512.7% since FY2016 (259 to 4177)
−Price trades below its 200-day moving average (1.0x)
−Annualised volatility of 57.4% is in the high band (≥45%)
−Promoter holding fell by 3.0pp over the last year
−Piotroski F-Score of 2/9 is in the weak band (≤3)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1883965601,3271,5632,8112,6421,907202262307333402
Expenses2343835671,0181,3332,2772,2711,785338556441451503
Operating Profit−4613−8309230535372122−136−294−134−118−100
OPM %−24.5%3.3%−1.4%23.3%14.7%19.0%14.1%6.4%−67.3%−112.2%−43.6%−35.4%−24.9%
Other Income1918151213111481068109
Interest57831576163717584727285
Depreciation3442485865741111039610110410194
Profit before tax−66−18−49233122411211−45−297−473−303−281−271
Net Profit−26−13−4514777275166−72−194−307−197−211−202
EPS (₹)−1.55−0.74−2.648.604.5316.079.43−4.07−10.98−17.36−11.07−11.89−11.36

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3876278757509003915275519202,4718,9231,1031,303
Expenses3195147115977044784736319062,2057,6651,7851,950
Operating Profit68113164153196−8753−80142661,258−682−647
OPM %17.6%18.0%18.7%20.4%21.8%−22.3%10.1%−14.5%1.5%10.8%14.1%−61.8%−49.7%
Other Income104−2228373425438165453333
Interest47493213178431548252303313
Depreciation4938566166775277122182353403401
Profit before tax−182954106150−13923−117−43100698−1,354−1,327
Net Profit−182993107147−23738−63−3663447−909−917
EPS (₹)−3.074.5913.1511.7316.05−25.714.03−5.47−2.163.6925.32−51.14−51.68

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital62677494959597118172174180181—
Reserves2062945191,0581,2259851,0381,8122,8012,9763,6672,750—
Borrowings31425928121282220501,8843,4074,177—
Other Liabilities1462191601752641321561605793,1693,2092,295—
Total Liabilities7288381,0341,3301,5851,2411,3122,1103,6028,20310,4629,403—
Fixed Assets5194927599791111386479611,1471,130—
CWIP8852194741272440154235404950—
Investments00077875137402262334482365—
Other Assets5896929241,1321,3581,0851,1391,5312,5396,6738,4296,957—
Total Assets7288381,0341,3301,5851,2411,3122,1103,6028,20310,4629,403—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity76127150239−821158−17−380−2,036−491135
Cash from Investing Activity−29−50−140−213−10471−167−828−581430−655−761
Cash from Financing Activity−40−41−28157−11−22−38399991,7131,286397
Net Cash Flow837−18183−19750−13−638107139−229

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %5.013.016.012.013.0−11.02.0−7.0−1.04.015.0−15.0
ROE %———————————−26.8
EPS (₹)−3.074.5913.1511.7316.05−25.714.03−5.47−2.163.6925.32−51.14
Book Value (₹)———————————165.0
Face Value (₹)———————————10
P/E————————————
Div Yield %———————————0.00
NPM %−4.54.610.913.815.7−55.86.9−10.6−3.62.55.0−80.0
OPM %18.018.019.020.022.0−22.010.0−15.01.511.014.0−62.0
D/E1.170.720.470.000.000.030.020.010.020.600.891.43
P/B———————————2.7

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+6.0%
5 years+16.0%
3 years+6.0%
TTM−83.0%
Compounded profit growth
TTM−624.0%
Stock price CAGR
5 years−2.0%
3 years−20.0%
Last year−26.0%
Return on equity
10 years−2.0%
5 years−4.0%
3 years−4.0%
Last year−27.0%

Shareholding pattern

As of 31 Dec 2025
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters0.00%0.00%0.00%0.00%0.00%37.17%56.37%55.60%53.83%53.40%53.33%
FIIs16.91%16.91%25.06%22.52%21.27%14.01%10.49%11.33%7.08%5.29%5.82%
DIIs10.60%10.60%12.41%18.97%7.60%5.21%3.98%4.76%4.85%4.32%4.04%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.00%
Public72.49%72.49%62.53%58.51%71.13%43.60%29.16%28.31%33.59%36.86%36.68%
No. of shareholders21,20021,20024,06525,95149,3541,03,5251,45,8721,72,9983,02,3543,80,2843,44,573
Change since Jun 2023 (pp)
Promoters +53.33FIIs −11.09DIIs −6.56Public −35.81

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAnnouncement under Regulation 30 (LODR)-AllotmentAnnouncement under Regulation 30 (LODR)-Newspaper PublicationClosure of Trading WindowAnnouncement under Regulation 30 (LODR)-Allotment
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingApr 2026TranscriptApr 2026PPTApr 2026RecordingJan 2026TranscriptJan 2026PPTJan 2026PPTJan 2026RecordingNov 2025TranscriptNov 2025PPT

Corporate actions

As of 19 Jun 2025
19 Jun 2025DIVIDENDDividend - Rs 2.50 Per Share—
17 Jul 2019DIVIDEND Annual General Meeting/ Dividend - Re 1 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman