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Last Updated on: 21 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Tejas Networks Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:44 am

Market Cap 20,852 Cr.
Current Price 1,218
High / Low 1,495/651
Stock P/E45.9
Book Value 217
Dividend Yield0.00 %
ROCE3.68 %
ROE2.06 %
Face Value 10.0
PEG Ratio2.37

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
City Online Services Ltd 5.44 Cr. 10.5 10.5/3.2216.0 0.560.00 %24.4 %% 10.0
Cistro Telelink Ltd 3.90 Cr. 0.76 0.76/0.56 0.550.00 %0.54 %0.54 % 1.00
Vodafone Idea Ltd 51,578 Cr. 7.40 19.2/6.60 13.70.00 %3.61 %% 10.0
Uniinfo Telecom Services Ltd 40.2 Cr. 37.6 57.0/26.8 30.70.00 %2.87 %1.89 % 10.0
Tejas Networks Ltd 20,852 Cr. 1,218 1,495/65145.9 2170.00 %3.68 %2.06 % 10.0
Industry Average120,666.78 Cr370.0438.37136.120.11%11.75%12.69%8.54

All Competitor Stocks of

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales1441731071261262202752991883965601,3271,563
Expenses1271541352151331982673082343835671,0181,333
Operating Profit1818-28-88-7228-8-4613-8309230
OPM %12%11%-26%-70%-6%10%3%-3%-24%3%-1%23%15%
Other Income841614192021211918151213
Interest111015555783157
Depreciation16182022233034353442485865
Profit before tax83-33-96-137-9-27-66-18-49233122
Tax %9%-10%-26%-48%-49%147%62%-58%-60%-29%-8%37%36%
Net Profit84-24-50-7-3-15-11-26-13-4514777
EPS in Rs0.810.32-2.13-4.33-0.44-0.21-0.99-0.68-1.55-0.74-2.648.604.53

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales3694233876278757509003915275519222,4713,846
Expenses3223283195147115977044784736319062,2053,301
Operating Profit479568113164153196-8753-8016266545
OPM %13%22%18%18%19%20%22%-22%10%-15%2%11%14%
Other Income-4210104-222837342543796558
Interest364647493213178431548103
Depreciation48564938566166775277122182213
Profit before tax-793-182954106150-13923-117-43100288
Tax %0%0%0%0%-73%-0%2%71%-67%-46%-15%37%
Net Profit-793-182993107147-23738-63-3663167
EPS in Rs-13.560.48-3.074.5913.1511.7316.05-25.714.03-5.47-2.163.699.75
Dividend Payout %0%0%0%0%0%0%6%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)103.80%-700.00%261.11%220.69%15.05%37.38%-261.22%116.03%-265.79%42.86%275.00%
Change in YoY Net Profit Growth (%)0.00%-803.80%961.11%-40.42%-205.64%22.33%-298.61%377.26%-381.82%308.65%232.14%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:19%
5 Years:22%
3 Years:67%
TTM:441%
Compounded Profit Growth
10 Years:37%
5 Years:-15%
3 Years:19%
TTM:793%
Stock Price CAGR
10 Years:%
5 Years:73%
3 Years:42%
1 Year:43%
Return on Equity
10 Years:1%
5 Years:-3%
3 Years:-1%
Last Year:2%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 2:38 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital626262677494959597118172174175
Reserves2202232062945191,0581,2259851,0381,8122,8012,9763,546
Borrowings26230731425928121282220501,8842,911
Other Liabilities1131531462191601752641321561605793,1693,584
Total Liabilities6567457288381,0341,3301,5851,2411,3122,1103,6028,20310,215
Fixed Assets77655194927599791111386479611,313
CWIP7184885219474127244015423552
Investments0000077875137402262334451
Other Assets5085975896929241,1321,3581,0851,1391,5312,5396,6738,400
Total Assets6567457288381,0341,3301,5851,2411,3122,1103,6028,20310,215

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +252776127150239-821158-17-380-2,036
Cash from Investing Activity +-0-74-29-50-140-213-10471-167-828-581430
Cash from Financing Activity +815-40-41-28157-11-22-38399991,713
Net Cash Flow34-32837-18183-19750-13-638107

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-215.00-212.00-246.00-146.00-117.00151.00195.00-115.0031.00-100.00-34.00265.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days136193196148160134252351236189198208
Inventory Days340341405238129179143452290327422861
Days Payable1642252522057798129134125131196424
Cash Conversion Cycle312309349181212215266669401384423645
Working Capital Days287289318182179256304585388558492465
ROCE %2%9%5%13%16%12%13%-11%2%-8%-1%4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters0.00%0.00%37.32%37.17%52.40%52.20%51.97%56.37%55.97%55.92%55.80%55.60%
FIIs20.32%14.48%14.24%14.01%10.33%10.84%11.22%10.49%10.91%11.11%11.26%11.33%
DIIs7.38%5.70%5.25%5.21%3.99%4.14%4.20%3.98%3.89%4.03%4.35%4.76%
Public72.30%79.82%43.19%43.60%33.27%32.82%32.60%29.16%29.21%28.93%28.58%28.31%
No. of Shareholders56,77780,41596,1981,03,5251,37,9731,34,7821,47,4551,45,8721,40,4971,63,5451,67,2051,72,998

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund5,763,6971.14501.27118,0002024-12-194784.49%
Edelweiss Small Cap Fund421,4881.2236.66118,0002024-12-19257.19%
Bank of India Small Cap Fund118,0001.2110.26118,0002024-12-190%
Edelweiss Multi Cap Fund106,9090.699.3118,0002024-12-19-9.4%
Nippon India Nifty Smallcap 250 Index Fund49,6840.454.32118,0002024-12-19-57.89%
Bank of India Mid & Small Cap Equity & Debt Fund43,0000.633.74118,0002024-12-19-63.56%
Motilal Oswal Nifty Smallcap 250 Index Fund31,0490.452.7118,0002024-12-19-73.69%
Axis Nifty Smallcap 50 Index Fund30,9031.342.69118,0002024-12-19-73.81%
SBI Nifty Smallcap 250 Index Fund24,3710.452.12118,0002024-12-19-79.35%
Aditya Birla Sun Life Nifty Smallcap 50 Index Fund20,8411.351.81118,0002024-12-19-82.34%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)3.71-2.46-5.974.05-25.76
Diluted EPS (Rs.)3.65-2.46-5.973.99-25.76
Cash EPS (Rs.)14.115.011.199.29-16.76
Book Value[Excl.RevalReserv]/Share (Rs.)181.03173.21163.83117.52113.21
Book Value[Incl.RevalReserv]/Share (Rs.)181.03173.21163.83117.52113.21
Revenue From Operations / Share (Rs.)142.0253.5846.7354.5640.90
PBDIT / Share (Rs.)19.005.54-3.158.12-5.63
PBIT / Share (Rs.)8.51-1.60-9.672.72-13.70
PBT / Share (Rs.)5.76-2.48-9.942.33-14.51
Net Profit / Share (Rs.)3.62-2.12-5.323.89-24.83
NP After MI And SOA / Share (Rs.)3.62-2.12-5.323.89-24.83
PBDIT Margin (%)13.3710.33-6.7414.87-13.77
PBIT Margin (%)5.99-2.98-20.694.97-33.50
PBT Margin (%)4.05-4.63-21.274.27-35.48
Net Profit Margin (%)2.54-3.95-11.387.12-60.71
NP After MI And SOA Margin (%)2.54-3.95-11.387.12-60.71
Return on Networth / Equity (%)1.99-1.22-3.243.30-21.93
Return on Capital Employeed (%)4.27-0.86-5.862.27-11.85
Return On Assets (%)0.76-1.01-2.972.86-19.10
Total Debt / Equity (X)0.550.000.000.000.00
Asset Turnover Ratio (%)0.410.320.320.410.27
Current Ratio (X)1.436.2610.456.076.91
Quick Ratio (X)0.634.748.794.735.08
Inventory Turnover Ratio (X)0.711.151.181.150.93
Interest Coverage Ratio (X)6.906.25-11.6521.17-6.97
Interest Coverage Ratio (Post Tax) (X)2.31-1.40-18.6611.15-29.72
Enterprise Value (Cr.)12856.159229.624658.931319.40160.44
EV / Net Operating Revenue (X)5.2010.048.462.510.41
EV / EBITDA (X)38.8997.10-125.3716.84-2.98
MarketCap / Net Operating Revenue (X)4.6210.849.092.920.77
Price / BV (X)3.623.352.591.360.28
Price / Net Operating Revenue (X)4.6210.849.092.920.77
EarningsYield0.010.00-0.010.02-0.78

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 209.29

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, is Overvalued by 82.82% compared to the current share price 1,218.00

Intrinsic Value of as of December 21, 2024 is: 249.74

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Overvalued by 79.50% compared to the current share price 1,218.00

Last 5 Year EPS CAGR: 19.33%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (1,300.23 cr) compared to borrowings (487.77 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (517.46 cr) and profit (27.46 cr) over the years.
  1. The stock has a low average ROCE of 4.67%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 358.58, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 363.83, which may not be favorable.
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: 2.54%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 4.27% (Industry Average ROCE: 9.94%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 1.99% (Industry Average ROE: 6.83%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 2.31
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.63
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 45.9 (Industry average Stock P/E: 14.76)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.55
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Tejas Networks Ltd. is a Public Limited Listed company incorporated on 24/04/2000 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L72900KA2000PLC026980 and registration number is 026980. Currently Company is involved in the business activities of Manufacture of communication equipment. Company’s Total Operating Revenue is Rs. 549.14 Cr. and Equity Capital is Rs. 117.82 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Telecom EquipmentPlot No. 25, JP Software Park, Electronic City Phase-1, Bengaluru Karnataka 560100corporate@tejasnetworks.com
http://www.tejasnetworks.com
Management
NamePosition Held
Mr. N Ganapathy SubramaniamNonExeChairman&NonInd.Director
Mr. Anand S AthreyaManaging Director & CEO
Mr. Arnob RoyCOO & Executive Director
Mr. P R RameshInd. Non-Executive Director
Prof. Bhaskar RamamurthiInd. Non-Executive Director
Mr. Alice G VaidyanInd. Non-Executive Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹209.29, which is 82.82% lower than the current market price of ₹1,218.00. The stock has a market capitalization of 20,852 Cr. and recorded a high/low of 1,495/651 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹3,546 Cr and total liabilities of ₹10,215 Cr.

What is the Market Cap of ?

The Market Cap of is 20,852 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 1,218.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 1,495/651.

What is the Stock P/E of ?

The Stock P/E of is 45.9.

What is the Book Value of ?

The Book Value of is 217.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 3.68 %.

What is the ROE of ?

The ROE of is 2.06 %.

What is the Face Value of ?

The Face Value of is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in . Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE