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Last Updated on: 24 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Tejas Networks Ltd

Basic Stock Data

Last Updated: June 14, 2024, 9:37 am

Market Cap 24,263 Cr.
Current Price 1,420
High / Low1,420/651
Stock P/E385
Book Value 184
Dividend Yield0.00 %
ROCE3.68 %
ROE2.06 %
Face Value 10.0
PEG Ratio3.93

Competitors of Tejas Networks Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Uniinfo Telecom Services Ltd 41.5 Cr. 38.857.0/20.476.8 31.10.00 %2.66 %1.64 % 10.0
City Online Services Ltd 3.25 Cr. 6.296.87/3.22 0.680.00 %21.4 %% 10.0
Bharti Airtel Ltd 8,52,465 Cr. 1,4271,456/82771.6 1450.28 %13.1 %14.9 % 5.00
Reliance Communications Ltd 551 Cr. 2.012.49/1.09 2970.00 %%% 5.00
OnMobile Global Ltd 804 Cr. 75.7128/59.652.8 61.20.00 %4.66 %2.34 % 10.0
Industry Average121,710.13 Cr201.2445.65116.420.04%6.77%2.43%7.63

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales2021441731071261262202752991883965601,327
Expenses1721271541352151331982673082343835671,020
Operating Profit301818-28-88-7228-8-4613-8306
OPM %15%12%11%-26%-70%-6%10%3%-3%-25%3%-1%23%
Other Income48416141920212119181512
Interest11110155557828
Depreciation14161820222330343534424858
Profit before tax1983-33-96-137-9-27-66-18-49233
Tax %-81%9%-10%26%48%49%147%-62%58%60%29%8%37%
Net Profit3484-24-50-7-3-15-11-26-13-45147
EPS in Rs3.600.810.32-2.13-4.33-0.44-0.21-0.99-0.68-1.55-0.74-2.648.60

Last Updated: June 9, 2024, 12:03 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 26, 2024, 1:15 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales3694233876278757509003915275519202,471
Expenses3223283195147115977044784736319062,205
Operating Profit479568113164153196-8753-8014266
OPM %13%22%18%18%19%20%22%-22%10%-15%2%11%
Other Income-4210104-2228373425438165
Interest364647493213178431548
Depreciation48564938566166775277122182
Profit before tax-793-182954106150-13923-117-43100
Tax %-0%0%0%0%-73%-0%2%-71%-67%46%15%37%
Net Profit-793-182993107147-23738-63-3663
EPS in Rs-13.560.48-3.074.5913.1511.7316.05-25.714.03-5.47-2.163.69
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%

Growth

Compounded Sales Growth
10 Years:19%
5 Years:22%
3 Years:67%
TTM:168%
Compounded Profit Growth
10 Years:37%
5 Years:-15%
3 Years:19%
TTM:271%
Stock Price CAGR
10 Years:%
5 Years:55%
3 Years:99%
1 Year:92%
Return on Equity
10 Years:1%
5 Years:-3%
3 Years:-1%
Last Year:2%

Last Updated: June 16, 2024, 9:26 pm

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital62626262677494959597118172173
Reserves2992202232062945191,0581,2259851,0381,4752,8012,834
Preference Capital039396400000000
Borrowings2212222682502592812128222050138
Other Liabilities591521932102191601752641321564985791,719
Total Liabilities6406567457288381,0341,3301,5851,2411,3122,1103,6024,864
Fixed Assets11177655194927599791111386471,036
CWIP75718488521947412724401542
Investments160000077875137402262717
Other Assets4385085975896929241,1321,3581,0851,1391,5312,5393,108
Total Assets6406567457288381,0341,3301,5851,2411,3122,1103,6024,864

Reserves and Borrowings Chart

Tejas Networks Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 34252776127150239-821158-17-380
Cash from Investing Activity -38-0-74-29-50-140-213-10471-167-828-581
Cash from Financing Activity -15815-40-41-28157-11-22-3839999
Net Cash Flow-1934-32837-18183-19750-13-638

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow8.0056.004.00113.00164.00153.00196.00-87.0053.00-80.0014.00266.00

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 Fund5,763,6971.14501.27106,9092024-06-235291.22%
Edelweiss Small Cap Fund421,4881.2236.66106,9092024-06-23294.25%
Bank of India Small Cap Fund118,0001.2110.26106,9092024-06-2310.37%
Edelweiss Multi Cap Fund106,9090.699.3106,9092024-06-230%
Nippon India Nifty Smallcap 250 Index Fund49,6840.454.32106,9092024-06-23-53.53%
Bank of India Mid & Small Cap Equity & Debt Fund43,0000.633.74106,9092024-06-23-59.78%
Motilal Oswal Nifty Smallcap 250 Index Fund31,0490.452.7106,9092024-06-23-70.96%
Axis Nifty Smallcap 50 Index Fund30,9031.342.69106,9092024-06-23-71.09%
SBI Nifty Smallcap 250 Index Fund24,3710.452.12106,9092024-06-23-77.2%
Aditya Birla Sun Life Nifty Smallcap 50 Index Fund20,8411.351.81106,9092024-06-23-80.51%

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 (%)0.410.310.320.410.27
Current Ratio (X)1.436.2610.456.076.91
Quick Ratio (X)0.634.748.794.735.08
Inventory Turnover Ratio (X)0.711.171.181.150.93
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: 1,488.49

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.

Undervalued: 4.82% compared to the current price 1420

Intrinsic Value: 2,946.60

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 107.51% compared to the current price ₹1420

Last 5 Year EPS CAGR: 97.96%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (1,085.00 cr) compared to borrowings (11.83 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (560.17 cr) and profit (5.75 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.

Stock Analysis

  • 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 Tejas Networks Ltd:
    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: %)
      • 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: %)
      • 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: 385 (Industry average Stock P/E: )
      • 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

No data availabale for About the Company
INDUSTRYADDRESSCONTACT
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Management Data not Available

FAQ

What is the latest fair value of Tejas Networks Ltd?

The latest fair value of Tejas Networks Ltd is ₹1488.49.

What is the Market Cap of Tejas Networks Ltd?

The Market Cap of Tejas Networks Ltd is 24,263 Cr..

What is the current Stock Price of Tejas Networks Ltd as on 24 June 2024?

The current stock price of Tejas Networks Ltd as on 24 June 2024 is ₹1,420.

What is the High / Low of Tejas Networks Ltd stocks in FY 2024?

In FY 2024, the High / Low of Tejas Networks Ltd stocks is 1,420/651.

What is the Stock P/E of Tejas Networks Ltd?

The Stock P/E of Tejas Networks Ltd is 385.

What is the Book Value of Tejas Networks Ltd?

The Book Value of Tejas Networks Ltd is 184.

What is the Dividend Yield of Tejas Networks Ltd?

The Dividend Yield of Tejas Networks Ltd is 0.00 %.

What is the ROCE of Tejas Networks Ltd?

The ROCE of Tejas Networks Ltd is 3.68 %.

What is the ROE of Tejas Networks Ltd?

The ROE of Tejas Networks Ltd is 2.06 %.

What is the Face Value of Tejas Networks Ltd?

The Face Value of Tejas Networks Ltd 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 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