Tejas Networks Ltd.

NSE: TEJASNET · Telecommunication

₹417.20-1.59%06 Nov 2026

Check figures: unusual quarterly results in JUN '26 (₹-202.24 cr vs a typical ₹8.39 cr). This may be a filing error (e.g. lakh filed as crore) or a genuine one-off; figures are shown as filed. Trailing-twelve-month figures include it.

Ask the data

Instant answers about Tejas Networks Ltd. — computed from its filings, no language model

Market cap₹7,568 cr

Current price₹417.20

High / Low₹632 / ₹296

P/E—

P/B2.99

Book value₹139.3

ROE-24.1%

ROCE-11.1%

Debt / equity1.91

Dividend yield0.58%

EPS (TTM)₹-33.63

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 8 periods

	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	900	391	527	551	920	2,471	8,923	1,103
EBITDA	196	-87	53	-80	14	266	1,258	-682
Operating margin	21.8%	-22.4%	10.2%	-14.6%	1.5%	10.8%	14.1%	-61.8%
Interest	17	8	4	3	15	48	252	303
Depreciation	66	77	52	77	122	182	353	403
Profit before tax	150	-139	23	-117	-43	100	698	-1,354
Tax	3	99	-15	-54	-6	37	252	-445
Net profit	147	-237	38	0	-36	0	0	-909
EPS ₹	16.13	-25.76	4.05	-5.97	-2.46	3.71	25.75	-51.35
Operating cash flow	—	—	—	-17	-380	-2,036	-491	135
Capex	—	—	—	117	249	408	541	884
Dividend paid	—	—	—	0	0	0	0	44
Total assets	1,585	1,241	1,312	2,110	3,602	8,203	10,462	9,403
Equity	1,320	1,081	1,134	1,930	2,973	3,149	3,846	2,931

Quarterly performance

last 32 quarters · ₹ crore

showing latest 8 of 32 periods

	SEP '18	DEC '18	MAR '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	207	184	273	87	87	55	80	110	135	202	144	173	107	126	126	220	275	299	188	396	560	1,327	1,563	2,811	2,642	1,907	202	262	307	333	402	406
Operating profit	45	36	53	6	0	-118	1	9	14	30	18	18	-28	-88	-7	22	8	-8	-46	13	-8	306	230	535	372	122	-136	-294	-134	-118	-100	-107
Operating margin	21.6%	19.7%	19.3%	7.3%	0.1%	-216.4%	0.8%	8.4%	10.1%	14.9%	12.2%	10.6%	-26.4%	-69.7%	-5.8%	9.8%	2.9%	-2.7%	-24.6%	3.3%	-1.3%	23.1%	14.7%	19.0%	14.1%	6.4%	-67.2%	-112.2%	-43.8%	-35.5%	-25.0%	-26.3%
Other income	11	9	7	7	6	14	4	8	9	4	8	4	16	14	19	20	21	21	19	18	15	12	13	11	14	8	10	6	8	10	9	8
Interest	4	5	5	3	1	1	1	1	1	1	1	1	1	0	1	5	5	5	5	7	8	28	57	61	63	71	75	84	72	72	85	87
Depreciation	15	16	17	18	20	21	14	12	12	14	16	18	20	22	23	26	29	35	34	42	48	58	65	74	111	103	96	101	104	101	94	91
Profit before tax	36	25	37	-7	-15	-127	-10	5	9	19	8	3	-33	-96	-13	11	-5	-27	-66	-18	-49	233	122	411	211	-45	-297	-473	-303	-281	-271	-277
Tax	3	-8	1	-3	97	0	0	0	0	-15	1	-0	-9	-46	-6	10	6	-16	-40	-5	-4	86	44	135	46	27	-103	-166	-106	-69	-69	-70
Net profit	33	33	36	-4	-112	-127	-10	5	9	34	8	4	0	0	-7	1	-11	-11	-26	0	0	0	0	0	0	0	-194	-307	-197	-211	-202	0
EPS ₹	3.67	3.59	3.92	0.47	-12.16	-13.73	-1.06	0.49	0.99	3.61	0.81	0.37	-2.13	-4.34	-0.45	0.07	-0.71	-0.70	-1.56	-0.74	-2.64	8.61	4.54	16.06	9.44	-4.08	-10.99	-17.38	-11.09	-11.90	-11.37	-11.62
Revenue YoY	—	—	—	-57.8%	-53.0%	-80.0%	—	25.9%	55.6%	269.3%	80.1%	57.0%	-20.6%	-37.2%	-12.8%	27.3%	156.4%	136.6%	49.4%	80.0%	104.0%	343.3%	731.7%	610.0%	371.9%	43.7%	-87.1%	-90.7%	-88.4%	-82.6%	99.1%	54.9%
Profit YoY	—	—	—	-113.1%	-441.2%	-452.5%	—	—	—	—	—	-19.2%	-100.0%	-100.0%	-187.9%	-71.0%	—	—	—	-100.0%	—	—	—	—	—	—	—	—	—	—	—	—

Earlier results (standalone, Jun '17 – Jun '18)

₹ crore · from BSE, before the NSE XBRL filings begin

Tejas Networks Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY18†
Revenue	761
Operating profit	154
Operating margin	20.3%
Other income	27
Interest	13
Depreciation	61
Profit before tax	107
Tax	-0
Net profit	107

Quarters

	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†
Revenue	218	216	229	98	235
Operating profit	45	47	53	10	62
Operating margin	20.5%	21.7%	23.1%	9.7%	26.5%
Other income	5	6	7	9	10
Interest	7	1	4	2	3
Depreciation	17	17	15	12	17
Profit before tax	26	35	41	5	52
Tax	5	7	9	-22	7
Net profit	20	27	32	27	45
EPS ₹	2.75	3.07	3.60	3.00	4.97
Revenue YoY	—	—	—	—	8.1%
Profit YoY	—	—	—	—	123.5%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 26 periods

	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	-23.4%	-22.6%	-11.3%	3.3%	4.8%	4.8%	3.9%	0.6%	-0.2%	-0.2%	-0.6%	-0.9%	-1.6%	-1.6%	-1.3%	-0.8%	0.0%	0.0%	0.0%	0.0%	-5.0%	-15.1%	-21.0%	-31.0%	-31.3%	-24.1%
ROCE	-14.2%	-13.2%	-11.0%	2.3%	3.9%	3.8%	0.1%	-5.9%	-7.0%	-4.7%	-3.5%	-0.6%	-2.3%	-3.1%	-4.5%	3.0%	7.9%	13.4%	18.3%	13.4%	7.7%	-4.2%	-10.9%	-15.1%	-14.6%	-11.1%
Net margin	-81.9%	-73.6%	-32.3%	7.1%	9.3%	8.3%	7.2%	2.0%	-0.6%	-1.0%	-2.2%	-3.0%	-4.8%	-4.2%	-2.6%	-1.1%	0.0%	0.0%	0.0%	0.0%	-2.6%	-10.0%	-26.1%	-82.4%	-70.4%	-42.2%
EBITDA margin	-36.0%	-32.6%	-24.9%	10.2%	11.9%	12.2%	6.0%	-14.6%	-19.8%	-17.6%	-8.8%	1.5%	-2.5%	-2.9%	-3.4%	10.8%	14.1%	17.0%	17.3%	14.1%	11.8%	1.3%	-16.5%	-61.8%	-49.6%	-31.7%
Debt / equity	—	—	—	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.55	0.55	0.74	0.74	0.85	0.85	1.25	1.25	1.38	1.38	1.91
Interest coverage	-29.37	-38.29	-30.34	7.09	11.11	11.11	0.29	-35.72	-47.23	-18.13	-8.54	-1.25	-3.60	-4.50	-5.49	3.09	3.88	5.65	5.68	3.77	2.03	-1.06	-2.70	-3.47	-3.24	-2.59
Asset turnover	0.25	0.27	0.31	0.40	0.45	0.50	0.48	0.26	0.25	0.18	0.24	0.26	0.27	0.24	0.30	0.30	0.47	0.61	0.82	0.85	0.72	0.51	0.27	0.12	0.14	0.17

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 16 periods

	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	67	74	94	95	95	97	118	155	172	173	174	175	180	180	181	181
Other equity / reserves	294	519	1,058	1,225	985	1,038	1,812	2,493	2,801	2,834	2,976	3,546	3,667	3,141	2,750	2,346
Total equity	361	593	1,152	1,320	1,081	1,134	1,930	2,648	2,973	3,007	3,149	3,720	3,846	3,321	2,931	2,528
Borrowings	253	254	1	—	—	—	—	0	0	0	1,744	2,768	3,269	4,156	4,035	4,835
Current liabilities	447	437	176	263	138	160	167	287	426	1,559	4,737	6,246	6,229	5,886	5,754	4,587
Non-current liabilities	31	4	2	2	22	18	12	201	203	298	316	249	386	674	718	1,324
Total assets	838	1,034	1,330	1,585	1,241	1,312	2,110	3,136	3,602	4,864	8,203	10,215	10,462	9,881	9,403	8,438
Property, plant & equipment	29	28	36	31	31	29	40	111	129	144	209	262	398	438	419	378
Capital work-in-progress	—	—	—	—	—	—	—	4	0	2	15	52	1	1	0	0
Investments	—	0	77	87	51	37	402	309	262	717	334	451	482	351	365	304
Inventories	232	182	191	181	252	214	278	399	647	1,401	3,738	3,411	2,367	2,383	2,438	2,314
Receivables	254	397	311	665	456	414	292	380	518	487	1,458	3,758	4,884	4,026	3,258	2,159
Cash & equivalents	69	31	214	17	66	53	48	84	85	45	193	120	332	56	103	110

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 11 periods

	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	127	150	239	-82	1	158	-17	-380	-2,036	-491	135
Cash from investing	-50	-140	-213	-104	71	-167	-828	-581	431	-655	-764
Cash from financing	-41	-28	157	-11	-22	-3	839	999	1,713	1,286	397
Capex	46	—	—	—	—	—	117	249	408	541	884
Free cash flow	81	—	—	—	—	—	-135	-629	-2,445	-1,033	-749
Dividends paid	—	—	—	—	—	—	0	0	0	0	44

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹378 cr4%

Investments

₹304 cr4%

Inventories

₹2,314 cr27%

Receivables

₹2,159 cr26%

Cash & equivalents

₹110 cr1%

Other assets

₹3,173 cr38%

Peer comparison

largest in Telecommunication · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Bharti Airtel Ltd.	13,15,061	2,107.20	42.4	8.32	19.6%
Vodafone Idea Ltd.	1,38,246	12.76	3.7	—	—
Indus Towers Ltd.	1,01,066	383.10	14.2	2.56	18.0%
Bharti Hexacom Ltd.	83,220	1,664.40	42.3	11.38	26.9%
Tata Communications Ltd.	48,602	1,704.80	44.0	14.29	32.5%
Sterlite Technologies Ltd.	37,075	719.90	48.2	8.16	16.9%
HFCL Ltd.	32,239	210.66	37.2	5.71	15.4%
ITI Ltd.	23,961	248.85	—	12.57	-5.9%
Tata Teleservices (Maharashtra) Ltd.	7,775	39.77	26.0	—	—
Railtel Corporation Of India Ltd.	7,736	241.05	22.9	3.28	14.3%
Tejas Networks Ltd.	7,568	417.20	—	2.99	-24.1%

StoxGud checklist: Bearish setup · 2/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-10.6%

6 months-21.8%

1 year-23.1%

3Y CAGR-21.1%

5Y CAGR-0.7%

10Y CAGR—

50-day avg₹486.69

200-day avg₹471.42

RSI (14)29

Compare Tejas Networks Ltd. with

HFCL vs Tejas Networks ITI vs Tejas Networks Tata Teleservices (Maharashtra) vs Tejas Networks Railtel Corporation Of India vs Tejas Networks

FAQs

What is the share price of Tejas Networks Ltd.?

Tejas Networks Ltd. (TEJASNET) closed at ₹417.20 on NSE on 06 Nov 2026.

What is the market cap of Tejas Networks Ltd.?

₹7,568 crore at the latest close.

How fast is Tejas Networks Ltd. growing?

Tejas Networks Ltd.: revenue has compounded at 6.3% a year over three years. Latest-quarter revenue is up 54.9% year on year.

How profitable is Tejas Networks Ltd.?

On a trailing-twelve-month basis return on equity is -24.1%, return on capital employed -11.1%, operating margin -31.7%, net margin -42.2%.

How much debt does Tejas Networks Ltd. have?

Tejas Networks Ltd. is highly geared: debt to equity is 1.91 with borrowings of ₹4,835 cr against cash of ₹110 cr (balance sheet of 2026-09-30). Operating profit covers interest -2.6 times.

Financials parsed from Tejas Networks Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '18, annual from FY19, balance sheet from Mar '16. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.