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Tejas Networks Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹533.88Undervalued by 29.90%vs CMP ₹411.00

P/E (15.0) × ROE (26.8%) × BV (₹165.00) × DY (0.61%)

Defaults: P/E=15

₹262.81Overvalued by 36.06%vs CMP ₹411.00
MoS: -56.4% (Negative)Confidence: 54/100 (Moderate)Models: 2 Under, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹256.5722%Over (-37.6%)
Graham NumberEarnings₹306.6017%Over (-25.4%)
DCFCash Flow₹6.3117%Over (-98.5%)
Net Asset ValueAssets₹186.859%Over (-54.5%)
EV/EBITDAEnterprise₹664.6911%Under (+61.7%)
Earnings YieldEarnings₹253.209%Over (-38.4%)
ROCE CapitalReturns₹81.079%Over (-80.3%)
Revenue MultipleRevenue₹502.037%Under (+22.1%)
Consensus (8 models)₹262.81100%Overvalued
Key Drivers: EPS CAGR -51.9% drags value — could be higher if earnings stabilize. | Wide model spread (₹6–₹665) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -51.9% · Defaults: P/E=15

*Investments are subject to market risks

Analyst Summary

Tejas Networks Ltd operates in the Telecom Services segment, current market price is ₹411.00, market cap is 7,305 Cr.. At a glance, ROE is 26.8 %, ROCE is 14.6 %, book value is 165, dividend yield is 0.61 %. The latest intrinsic value estimate is ₹262.81, around 36.1% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹8,923 Cr versus the prior period change of 261.1%, while latest net profit is about ₹447 Cr with a prior-period change of 609.5%. The 52-week range shown on this page is 785/294, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisTejas 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 L729…

This summary is generated from the stock page data available for Tejas Networks Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

55
Tejas Networks Ltd scores 55/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health66/100 · Strong
ROCE 14.6% GoodROE 26.8% ExcellentD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money30/100 · Weak
FII holding down -1.13% (6mo) SellingPromoter holding at 53.5% Stable
Earnings Quality75/100 · Strong
OPM expanding (-7% → 13%) ImprovingWorking capital: 56 days (improving) Efficient
Quarterly Momentum15/100 · Weak
Revenue (4Q): -68% YoY DecliningProfit (4Q): -216% YoY DecliningOPM: -44.0% (down 58.0% YoY) Margin pressure
Industry Rank70/100 · Strong
ROCE 14.6% vs industry 15.0% AverageROE 26.8% vs industry 15.3% Above peers3Y sales CAGR: 153% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 26, 2026, 12:23 am

Market Cap 7,305 Cr.
Current Price 411
Intrinsic Value₹262.81
High / Low 785/294
Stock P/E
Book Value 165
Dividend Yield0.61 %
ROCE14.6 %
ROE26.8 %
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for Tejas Networks Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Tejas Networks Ltd 7,305 Cr. 411 785/294 1650.61 %14.6 %26.8 % 10.0
Tata Teleservices (Maharashtra) Ltd 8,725 Cr. 44.6 81.2/30.1 1020.00 %56.7 %% 10.0
Mahanagar Telephone Nigam Ltd 1,928 Cr. 30.6 58.2/20.3 4570.00 %6.76 %% 10.0
OnMobile Global Ltd 591 Cr. 55.6 75.1/40.233.9 61.50.00 %2.34 %4.94 % 10.0
Reliance Communications Ltd 274 Cr. 0.99 1.95/0.75 3500.00 %%% 5.00
Industry Average141,223.78 Cr304.8445.18148.500.24%15.02%15.25%8.54

All Competitor Stocks of Tejas Networks Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 2752991883965601,3271,5632,8112,6421,907202262307
Expenses 2673082343835671,0181,3332,2772,2711,785338556441
Operating Profit 8-8-4613-8309230535372122-136-294-134
OPM % 3%-3%-24%3%-1%23%15%19%14%6%-67%-112%-44%
Other Income 21211918151213111481068
Interest 555783157616371758472
Depreciation 343534424858657411110396101104
Profit before tax -9-27-66-18-49233122411211-45-297-473-303
Tax % 62%-58%-60%-29%-8%37%36%33%22%59%-35%-35%-35%
Net Profit -15-11-26-13-4514777275166-72-194-307-197
EPS in Rs -0.99-0.68-1.55-0.74-2.648.604.5316.079.43-4.07-10.98-17.36-11.07

Last Updated: January 10, 2026, 9:23 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 3:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4233876278757509003915275519202,4718,9232,678
Expenses 3283195147115977044784736319062,2057,6653,120
Operating Profit 9568113164153196-8753-80142661,258-442
OPM % 22%18%18%19%20%22%-22%10%-15%2%11%14%-17%
Other Income 10104-22283734254381654531
Interest 4647493213178431548252302
Depreciation 564938566166775277122182353405
Profit before tax 3-182954106150-13923-117-43100698-1,118
Tax % -0%-0%-0%-73%-0%2%71%-67%-46%-15%37%36%
Net Profit 3-182993107147-23738-63-3663447-769
EPS in Rs 0.48-3.074.5913.1511.7316.05-25.714.03-5.47-2.163.6925.32-43.48
Dividend Payout % -0%-0%-0%-0%-0%6%-0%-0%-0%-0%-0%10%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-700.00%261.11%220.69%15.05%37.38%-261.22%116.03%-265.79%42.86%275.00%609.52%
Change in YoY Net Profit Growth (%)0.00%961.11%-40.42%-205.64%22.33%-298.61%377.26%-381.82%308.65%232.14%334.52%

Tejas Networks Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:37%
5 Years:87%
3 Years:153%
TTM:97%
Compounded Profit Growth
10 Years:39%
5 Years:31%
3 Years:109%
TTM:5%
Stock Price CAGR
10 Years:%
5 Years:58%
3 Years:-1%
1 Year:-55%
Return on Equity
10 Years:4%
5 Years:4%
3 Years:5%
Last Year:13%

Last Updated: September 5, 2025, 1:41 pm

Balance Sheet

Last Updated: December 4, 2025, 2:05 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 6262677494959597118172174180180
Reserves 2232062945191,0581,2259851,0381,8122,8012,9763,6673,141
Borrowings 30731425928121282220501,8843,4074,296
Other Liabilities 1531462191601752641321561605793,1693,2092,264
Total Liabilities 7457288381,0341,3301,5851,2411,3122,1103,6028,20310,4629,881
Fixed Assets 655194927599791111386479611,1471,942
CWIP 8488521947412724401542354041
Investments 000077875137402262334482351
Other Assets 5975896929241,1321,3581,0851,1391,5312,5396,6738,4297,588
Total Assets 7457288381,0341,3301,5851,2411,3122,1103,6028,20310,4629,881

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 76127150239-821158-17-380-2,036-491135
Cash from Investing Activity + -29-50-140-213-10471-167-828-581430-655-764
Cash from Financing Activity + -40-41-28157-11-22-38399991,7131,286397
Net Cash Flow 837-18183-19750-13-638107139-232
Free Cash Flow 378298171-162-9275-135-629-2,445-1,143-749
CFO/OP 115%115%95%178%-29%-13%304%58%-2,788%-757%-31%-20%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-212.00-246.00-146.00-117.00151.00195.00-115.0031.00-100.00-36.00265.00-2.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 193196148160134252351236189198208182
Inventory Days 341405238129179143452290327422861132
Days Payable 225252205779812913412513119642466
Cash Conversion Cycle 309349181212215266669401384423645248
Working Capital Days 289318517425630458038555249020656
ROCE %9%5%13%16%12%13%-11%2%-7%-1%4%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 56.37%55.97%55.92%55.80%55.60%55.50%55.42%54.01%53.83%53.73%53.66%53.46%
FIIs 10.49%10.91%11.11%11.26%11.33%10.20%9.58%8.04%7.08%6.14%6.24%5.95%
DIIs 3.98%3.89%4.03%4.35%4.76%4.91%4.76%4.65%4.85%4.72%4.79%4.76%
Government 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.00%
Public 29.16%29.21%28.93%28.58%28.31%29.39%30.24%32.65%33.59%34.94%34.92%35.64%
Others 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.64%0.64%0.46%0.38%0.20%
No. of Shareholders 1,45,8721,40,4971,63,5451,67,2051,72,9981,79,9242,08,9882,61,4333,02,3543,45,7573,48,4323,47,584

Shareholding Pattern Chart

No. of Shareholders

Tejas Networks Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund 5,763,697 0.37 251.215,763,6972025-04-22 17:25:180%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 25.753.71-2.46-5.974.05
Diluted EPS (Rs.) 25.383.65-2.46-5.973.99
Cash EPS (Rs.) 44.5314.115.011.199.29
Book Value[Excl.RevalReserv]/Share (Rs.) 214.17181.03173.21163.83117.52
Book Value[Incl.RevalReserv]/Share (Rs.) 214.17181.03173.21163.83117.52
Revenue From Operations / Share (Rs.) 496.87142.0253.5846.7354.56
PBDIT / Share (Rs.) 72.5719.005.54-3.158.12
PBIT / Share (Rs.) 52.908.51-1.60-9.672.72
PBT / Share (Rs.) 38.885.76-2.48-9.942.33
Net Profit / Share (Rs.) 24.863.62-2.12-5.323.89
NP After MI And SOA / Share (Rs.) 24.863.62-2.12-5.323.89
PBDIT Margin (%) 14.6013.3710.33-6.7414.87
PBIT Margin (%) 10.645.99-2.98-20.694.97
PBT Margin (%) 7.824.05-4.63-21.274.27
Net Profit Margin (%) 5.002.54-3.95-11.387.12
NP After MI And SOA Margin (%) 5.002.54-3.95-11.387.12
Return on Networth / Equity (%) 11.601.99-1.22-3.243.30
Return on Capital Employeed (%) 22.444.27-0.86-5.862.27
Return On Assets (%) 4.260.76-1.01-2.972.86
Long Term Debt / Equity (X) 0.030.000.000.000.00
Total Debt / Equity (X) 0.840.550.000.000.00
Asset Turnover Ratio (%) 0.950.410.320.320.41
Current Ratio (X) 1.351.436.2610.456.07
Quick Ratio (X) 0.970.634.748.794.73
Inventory Turnover Ratio (X) 2.920.711.151.181.15
Interest Coverage Ratio (X) 5.186.906.25-11.6521.17
Interest Coverage Ratio (Post Tax) (X) 2.772.31-1.40-18.6611.15
Enterprise Value (Cr.) 16577.3512856.159229.624658.931319.40
EV / Net Operating Revenue (X) 1.865.2010.048.462.51
EV / EBITDA (X) 12.7238.8997.10-125.3716.84
MarketCap / Net Operating Revenue (X) 1.534.6210.849.092.92
Price / BV (X) 3.553.623.352.591.36
Price / Net Operating Revenue (X) 1.534.6210.849.092.92
EarningsYield 0.030.010.00-0.010.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 1100.78 Cr. and Equity Capital is Rs. 181.01 Cr. for the Year ended 31/03/2026.
INDUSTRYADDRESSCONTACT
Telecom EquipmentPlot No. 25, JP Software Park, Electronic City Phase-1, Bengaluru Karnataka 560100Contact not found
Management
NamePosition Held
Mr. N Ganapathy SubramaniamNonExeChairman&NonInd.Director
Mr. Arnob RoyCOO & Executive Director
Mr. Alice G VaidyanInd. Non-Executive Director
Mr. P R RameshInd. Non-Executive Director
Prof. Bhaskar RamamurthiInd. Non-Executive Director

FAQ

What is the intrinsic value of Tejas Networks Ltd and is it undervalued?

As of 04 May 2026, Tejas Networks Ltd's intrinsic value is ₹262.81, which is 36.06% lower than the current market price of ₹411.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (26.8 %), book value (₹165), dividend yield (0.61 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Tejas Networks Ltd?

Tejas Networks Ltd is trading at ₹411.00 as of 04 May 2026, with a FY2026-2027 high of ₹785 and low of ₹294. The stock is currently near its 52-week low. Market cap stands at ₹7,305 Cr..

How does Tejas Networks Ltd's P/E ratio compare to its industry?

Tejas Networks Ltd has a P/E ratio of , which is below the industry average of 45.18. This is broadly in line with or below the industry average.

Is Tejas Networks Ltd financially healthy?

Key indicators for Tejas Networks Ltd: ROCE of 14.6 % is moderate; ROE of 26.8 % shows strong shareholder returns. Dividend yield is 0.61 %.

Is Tejas Networks Ltd profitable and how is the profit trend?

Tejas Networks Ltd reported a net profit of ₹447 Cr in Mar 2025 on revenue of ₹8,923 Cr. Compared to ₹-63 Cr in Mar 2022, the net profit shows an improving trend.

Does Tejas Networks Ltd pay dividends?

Tejas Networks Ltd has a dividend yield of 0.61 % at the current price of ₹411.00. The company pays dividends, though the yield is modest.

Last Updated: April 26, 2026, 12:23 am
Author: Getaka|Social: XLinkedIn
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 Tejas Networks Ltd. 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
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