Tejas Networks Ltd (TEJASNET) share price, results, shareholding

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	396	560	1,327	1,563	2,811	2,642	1,907	202	262	307	333	402
Expenses	383	567	1,018	1,333	2,277	2,271	1,785	338	556	441	451	503
Operating Profit	13	-8	309	230	535	372	122	-136	-294	-134	-118	-100
OPM %	3.3%	-1.3%	23%	15%	19%	14%	6%	-67%	-112%	-44%	-36%	-25%
Other Income	18	15	12	13	11	14	8	10	6	8	10	9
Interest	7	8	31	57	61	63	71	75	84	72	72	85
Depreciation	42	48	58	65	74	111	103	96	101	104	101	94
Profit before tax	-18	-49	233	122	411	211	-45	-297	-473	-303	-281	-271
Tax %	-29%	-8%	37%	36%	33%	22%	59%	-35%	-35%	-35%	-25%	-25%
Net Profit	-13	-45	147	77	275	166	-72	-194	-307	-197	-211	-202
EPS in Rs	-0.74	-2.64	8.60	4.53	16.07	9.43	-4.07	-10.98	-17.36	-11.07	-11.89	-11.36

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	627	875	750	900	391	527	551	920	2,471	8,923	1,103	1,303
Expenses	514	711	597	704	478	473	631	906	2,205	7,665	1,785	1,950
Operating Profit	113	164	153	196	-87	53	-80	14	266	1,258	-682	-647
OPM %	18%	19%	20%	22%	-22%	10%	-15%	1.5%	11%	14%	-62%	-50%
Other Income	4	-22	28	37	34	25	43	81	65	45	33	33
Interest	49	32	13	17	8	4	3	15	48	252	303	313
Depreciation	38	56	61	66	77	52	77	122	182	353	403	401
Profit before tax	29	54	106	150	-139	23	-117	-43	100	698	-1,354	-1,327
Tax %	0%	-73%	-0%	2%	71%	-67%	-46%	-15%	37%	36%	-33%
Net Profit	29	93	107	147	-237	38	-63	-36	63	447	-909	-917
EPS in Rs	4.59	13.15	11.73	16.05	-25.71	4.03	-5.47	-2.16	3.69	25.32	-51.14	-51.68
Dividend Payout %	0%	0%	0%	6%	0%	0%	0%	0%	0%	10%	0%

	10 Years	5 Years	3 Years	TTM	1 Year	Last Year
Compounded Sales Growth	6%	16%	6%	-83%
Compounded Profit Growth	%	%	%	-624%
Stock Price CAGR	%	-1%	-18%		-16%
Return on Equity	-2%	-4%	-4%			-27%

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	62	67	74	94	95	95	97	118	172	174	180	181
Reserves	206	294	519	1,058	1,225	985	1,038	1,812	2,801	2,976	3,667	2,750
Borrowings	314	259	281	2	1	28	22	20	50	1,884	3,407	4,177
Other Liabilities	146	219	160	175	264	132	156	160	579	3,169	3,209	2,295
Total Liabilities	728	838	1,034	1,330	1,585	1,241	1,312	2,110	3,602	8,203	10,462	9,403
Fixed Assets	51	94	92	75	99	79	111	138	647	961	1,147	1,130
CWIP	88	52	19	47	41	27	24	40	154	235	404	950
Investments	0	0	0	77	87	51	37	402	262	334	482	365
Other Assets	589	692	924	1,132	1,358	1,085	1,139	1,531	2,539	6,673	8,429	6,957
Total Assets	728	838	1,034	1,330	1,585	1,241	1,312	2,110	3,602	8,203	10,462	9,403

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	76	127	150	239	-82	1	158	-17	-380	-2,036	-491	135
Cash from Investing Activity	-29	-50	-140	-213	-104	71	-167	-828	-581	430	-655	-761
Cash from Financing Activity	-40	-41	-28	157	-11	-22	-3	839	999	1,713	1,286	397
Net Cash Flow	8	37	-18	183	-197	50	-13	-6	38	107	139	-229
Free Cash Flow	37	82	98	171	-162	-92	75	-135	-629	-2,445	-1,143	-749
CFO/OP	115%	115%	95%	178%	-29%	-13%	304%	58%	-2,788%	-757%	-31%	-23%

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	196	148	160	134	252	351	236	189	198	208	182	1,077
Inventory Days	405	238	129	179	143	452	290	327	421	861	132	1,160
Days Payable	252	205	77	98	129	134	125	131	196	424	66	227
Cash Conversion Cycle	349	181	212	215	266	669	401	384	423	645	248	2,010
Working Capital Days	318	51	74	256	304	580	385	552	491	206	56	211
ROCE %	5%	13%	16%	12%	13%	-11%	2%	-7%	-1%	4%	15%	-15%

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	55.92%	55.80%	55.60%	55.50%	55.42%	54.01%	53.83%	53.73%	53.66%	53.46%	53.40%	53.33%
FIIs	11.11%	11.26%	11.33%	10.20%	9.58%	8.04%	7.08%	6.14%	6.24%	5.95%	5.29%	5.82%
DIIs	4.03%	4.35%	4.76%	4.91%	4.76%	4.65%	4.85%	4.72%	4.79%	4.76%	4.32%	4.04%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%
Public	28.93%	28.58%	28.31%	29.39%	30.24%	32.65%	33.59%	34.94%	34.92%	35.64%	36.86%	36.68%
Others	0.00%	0.00%	0.00%	0.00%	0.00%	0.64%	0.64%	0.46%	0.38%	0.20%	0.13%	0.12%
No. of Shareholders	1,63,545	1,67,205	1,72,998	1,79,924	2,08,988	2,61,433	3,02,354	3,45,757	3,48,432	3,47,584	3,80,284	3,44,573

Fundamentals

Market Cap₹ 8,736 Cr.

Current Price₹ 490

Book Value₹ 165

ROCE-14.6 %

ROE-26.8 %

Dividend Yield0.51 %

Face Value₹ 10.0

Compounded Sales Growth (TTM)-83%

Compounded Profit Growth (TTM)-624%

Consolidated figures.

Valuation

Market capRs 9,783 Cr

Enterprise valueRs 13,820 Cr

Price to book3.34x

Price to sales7.51x

EV / sales10.60x

Price to cash flow72.37x

Earnings yield-9.38%

P/E, 3-year average123.81x

P/B, 3-year average3.72x

P/E, 5-year average123.81x

P/B, 5-year average3.67x

Profitability

Operating margin (excl. other income)-61.80%

Operating margin (incl. other income)-58.77%

EBITDA margin-47.08%

Pre-tax margin-101.84%

Net profit margin-70.37%

Net margin, latest quarter-50.29%

ROE-26.82%

ROCE-14.64%

ROA-9.15%

ROE, 3-year average-4.00%

ROCE, 3-year average1.50%

ROA, 3-year average-1.10%

ROE, 5-year average-3.52%

ROCE, 5-year average-0.79%

ROA, 5-year average-1.65%

ROIC (approx.)-9.77%

Tax rate32.87%

Other income / net worth1.14%

Growth

Sales growth (latest year)-87.64%

Profit growth (latest year)-303.55%

Sales CAGR, 3 years6.26%

Sales CAGR, 5 years15.94%

Sales growth QoQ20.88%

Sales growth YoY (latest quarter)99.11%

Per share

EPS (TTM)Rs -43.58

EPS (latest year)Rs -43.18

EPS (latest quarter)Rs -9.61

EPS, 3-year averageRs -6.24

EPS, 5-year averageRs -4.96

Book value per shareRs 139.25

Sales per shareRs 61.93

Cash flow per shareRs 6.42

Free cash flow per shareRs -35.59

Dividend per share, 3-year averageRs 2.15

Dividend per share, 5-year averageRs 2.15

Dividends

Dividend payout, 3-year average10.06%

Dividend payout, 5-year average10.06%

Efficiency

Asset turnover0.12x

Fixed asset turnover0.98x

Inventory turnover0.39x

Inventory days929 days

Debtor days1077 days

Debtors turnover0.34x

Creditor days227 days

Cash conversion cycle2010 days

Working capital days211 days

Leverage

Total debtRs 4,177 Cr

Cash and bankRs 140 Cr

Net debtRs 4,037 Cr

Debt to equity1.43x

Interest coverage-3.24x

Current ratio (filing 2026-03-31)1.20x

Quick ratio (filing 2026-03-31)0.78x

Trade payables (filing 2026-03-31)Rs 478 Cr

Owners' fund to total sources31.17%

Debt to assets44.42%

Cash flow

Cash from Operating Activity (latest year)Rs 135 Cr

Cash from Investing Activity (latest year)Rs -761 Cr

Cash from Financing Activity (latest year)Rs 397 Cr

Net Cash Flow (latest year)Rs -229 Cr

Free cash flow (latest year)Rs -749 Cr

FCFE (approx.: FCF + change in debt)Rs 21 Cr

Sales to cash flow8.16x

Statement figures

Net sales (TTM)Rs 1,303 Cr

Net sales (latest year)Rs 1,103 Cr

Sales (latest quarter)Rs 402 Cr

Operating profit excl. other income (latest year)Rs -682 Cr

Operating profit (latest quarter)Rs -100 Cr

Other income (TTM)Rs 33 Cr

EBITDA (TTM)Rs -614 Cr

PBDT (TTM)Rs -927 Cr

Profit before tax (TTM)Rs -1,327 Cr

Tax (latest year)Rs -445 Cr

Net profit (TTM)Rs -917 Cr

Net profit (latest year)Rs -909 Cr

Net profit (latest quarter)Rs -202 Cr

Depreciation (TTM)Rs 401 Cr

Depreciation (latest quarter)Rs 94 Cr

Interest (TTM)Rs 313 Cr

Cost of goods sold (latest year)Rs 958 Cr

Total expenditure (latest year)Rs 1,785 Cr

Total income (latest year)Rs 1,137 Cr

Share capitalRs 181 Cr

ReservesRs 2,750 Cr

Shareholders' fundsRs 2,931 Cr

Total assetsRs 9,403 Cr

Net blockRs 1,130 Cr

Capital work in progressRs 950 Cr

InvestmentsRs 365 Cr

ReceivablesRs 3,256 Cr

InventoryRs 2,438 Cr

Other liabilitiesRs 2,295 Cr

Shares outstanding (crore)21.05

Ownership

Promoter holding53.33% (-0.40 in a year)

Computed by MarketFriction from the consolidated statements. Returns use average balances.

P/B 3.34 is at the 31th percentile (median 4.92).

Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.

Period	TEJASNET	Nifty 50	Difference
1 week	-9.1%	-2.8%	-6.3 pts
1 month	-14.2%	-6.8%	-7.4 pts
3 months	-21.7%	-7.6%	-14.1 pts
6 months	+20.3%	+0.4%	+19.9 pts
1 year	-20.3%	-9.9%	-10.3 pts
2 years	-62.3%	-13.6%	-48.8 pts
3 years	-46.9%	+14.2%	-61.1 pts
5 years	-10.2%	+27.9%	-38.1 pts

32 mutual fund schemes hold about ₹303 Cr. Over three months 30 bought more and 1 sold (share counts, price move removed).

Fund	Weight	Est. Cr	3m shares
Nippon India Small Cap Fund	0.34%	280	+11%
Nippon India Nifty Smallcap 250 Index Fund	0.21%	7	+13%
SBI Nifty Smallcap 250 Index Fund	0.21%	4	+12%
Motilal Oswal Nifty Smallcap 250 Index Fund	0.21%	3	+12%
ICICI Pru Nifty Smallcap 250 Index Fund	0.21%	2	+13%
HDFC NIFTY Smallcap 250 Index Fund	0.21%	2	+13%
Nippon India Nifty 500 Equal Weight Index Fund	0.20%	1	+32%
JioBlackRock Nifty Smallcap 250 Index Fund	0.21%	1	+13%
Motilal Oswal Nifty 500 Index Fund	0.02%	1	+13%
Edelweiss Nifty Smallcap 250 Index Fund	0.21%	1	+13%
HDFC Nifty India Digital Index Fund	0.38%	1	+0%
WSIF Equity Ex-Top 100 Long-Short Fund	1.19%	1	+100%
Groww Nifty Smallcap 250 Index Fund	0.21%	0	+12%
HDFC Nifty500 Multicap 50:25:25 Index Fund	0.05%	0	+13%
Bandhan Nifty Smallcap 250 Index Fund	0.21%	0	+13%
Kotak Nifty Smallcap 250 Index Fund	0.21%	0	+13%
SBI Nifty 500 Index Fund	0.02%	0	+13%
Groww Nifty Total Market Index Fund	0.02%	0	+12%
HDFC BSE 500 Index Fund	0.02%	0	+9%
Axis Nifty 500 Index Fund	0.02%	0	+13%
DSP Nifty Smallcap 250 Index Fund	0.21%	0	+12%
UTI Nifty 500 Index Fund	0.02%	0	+100%
ICICI Pru Nifty 500 Index Fund	0.02%	0	+13%
Zerodha Nifty MidSmallcap400 50:50 Index Fund	0.10%	0	+23%
Angel One Nifty Total Market Index Fund	0.02%	0	+12%

Red flags

F-score 3 of 8

explain	Receivables outrunning sales Receivables grew -27% vs sales -88% in 2026
look	Inventory outrunning sales Inventory grew 3% vs sales -88% in 2026

Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026

Sales ₹402 Cr +99.0% vs Jun 2025. Net loss ₹202 Cr.

Activity

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No bulk or block deals on record.

Ex-date	Action	Factor
2025-06-19	Dividend - Rs 2.50 Per Share
2024-06-20	Annual General Meeting
2023-06-12	Annual General Meeting
2022-07-15	Annual General Meeting
2021-06-16	Annual General Meeting
2020-07-20	Annual General Meeting
2019-07-17	Annual General Meeting/ Dividend - Re 1 Per Share
2018-07-16	Annual General Meeting
2017-09-19	Annual General Meeting

Date	Type	What it says
2026-09-25	Allotment	Allotment of 43,418 securities pursuant to RSU on September 25, 2026
2026-09-11	Allotment	Allotment of 32,268 securities pursuant to ESOP / RSU on September 11, 2026
2026-08-27	Order win	Receipt of a Letter of Intent dated August 27, 2026, from Tata Consultancy Services Limited ( TCS ) for supply of RAN equipment, accessories & insta...
2026-08-19	Allotment	Allotment of 91,353 securities pursuant to ESOP / RSU on August 19, 2026
2026-08-03	Concall / analyst meet	Transcript
2026-07-28	Concall / analyst meet	Link of Recording of Earning call for the Q1 FY 27
2026-07-27	Investor Presentation	Investor Presentation
2026-07-27	Press Release	A press release dated July 27, 2026, titled "Tejas announces Q1FY27 results".
2026-07-27	ESOP	Grant of 2000 RSUs.
2026-07-27	Change in Management	Change in Management
2026-07-27	Board meeting outcome	Tejas Networks Limited has submitted to the Exchange, the financial results for the quarter ended June 30, 2026.
2026-06-30	Allotment	Allotment of 1,23,042 securities pursuant to ESOP/RSU and grant of 2,12,527 RSUs on June 30, 2026
2026-06-29	Shareholder meeting	Tejas Networks Limited has submitted to the Exchange, a copy of Scrutinizers report and Voting Results of 26th Annual General Meeting held on June 26,...
2026-06-26	Shareholder meeting	Proceedings of 26th Annual General Meeting held on Friday, June 26, 2026
2026-06-03	General Updates	Letter sent to Shareholders providing web-link of Annual Report for FY 2025-2026
2026-06-01	General Updates	Business Responsibility and Sustainability Report for FY 2025-26
2026-06-01	Shareholder meeting	Notice of 26th Annual General Meeting to be held on June 26, 2026
2026-05-26	Allotment	Allotment of 70,614 securities pursuant to ESOP/RSU on May 26, 2026
2026-05-21	Press Release	A press release dated May 21, 2026, titled "Tejas Networks partners with MahaIT to nurture telecom engineering talent in Maharashtra".
2026-05-18	General Updates	Communication sent to the Shareholders about the proposed transfer of Equity Shares to IEPF.
2026-05-15	General Updates	Disclosure under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-05-14	General Updates	Communication sent to the Shareholders of the Company, to claim their Unclaimed Dividend on Equity Shares for the Financial Year 2018-2019
2026-05-11	Price movement	Significant movement in price has been observed in Tejas Networks Limited. The Exchange, in order to ensure that investors have latest relevant inform...
2026-05-08	Price movement	Significant movement in price has been observed in Tejas Networks Limited. The Exchange, in order to ensure that investors have latest relevant inform...
2026-05-08	General Updates	Intimation of date of 26th Annual General Meeting

Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.

No short selling reported to NSE in our files.

Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.

EPS in the scrip is zero (4 trailing quarters)

Quick answers

What is the market cap of Tejas Networks Ltd?

Tejas Networks Ltd (TEJASNET) has a market capitalisation of Rs 8,736 Cr. at the 2026-10-01 close.

What were Tejas Networks Ltd's latest quarterly results?

In the Jun 2026 quarter, Tejas Networks Ltd sales was Rs 402 Cr (+99.0% vs Jun 2025) with a net loss of Rs 202 Cr.

What is the 52-week high and low of Tejas Networks Ltd?

The 52-week high is Rs 644.75 and the 52-week low is Rs 294.00.