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NSE:TEJASNET

TEJAS NETWORKS LIMITED

Telecommunication › Telecom - Equipment & Accessories·NIFTY 500NIFTY MIDSMALLCAP 400NIFTY MIDSMALLCAP400 50:50NIFTY SMALLCAP 250+4
₹412.00
at close · 28 Oct 2026
▼ 1.65 (-0.40%)
ThemesArtificial Intelligence· growingSpace Technology· growingDefence· mention

Latest filings

  1. ICRA reaffirms Tejas Networks credit ratings · Credit & Debt
  2. Q2 revenue and order book rise sharply on BSNL expansion · Investor Communications
  3. Audio Recording of Q2 FY27 Earnings Call Available on Website · Investor Communications
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Designs and manufactures telecom networking gear — 5G/4G radios (including Massive MIMO), optical networking systems with 400G/800G wavelengths, routers, and GPON access products. India accounts for 88% of revenue, with BSNL as the flagship customer: the BSNL 4G/5G network is live across 100,000 sites, and the company is the largest router supplier to BharatNet Phase III by number of circles. FY26 revenue was INR 1,103 cr against an order book of INR 1,514 cr (up 49% YoY); Q1 FY27 revenue rose to INR 402 cr with the order book at INR 1,529 cr. Materials are the largest cost line at 74.4% of revenue, followed by other opex at 55.6%, employee cost at 36.7%, and depreciation at 36.5%. The company is now expanding internationally — an NEC partnership brought the first international 5G Massive MIMO radio order, alongside a first end-to-end 5G network win in South America and a DWDM expansion in Africa. 147 patents were filed in FY26, with 46 more in Q1 FY27 (cumulative 722).

Operating scale
BSNL 4G/5G network coverage
Live across 100,000 sitesFY26
Order book
INR 1,514 cr (FY26 end) / INR 1,529 cr (Q1 FY27)FY26, Q1 FY27
Order book growth (YoY)
49%Q4 FY26 vs Q4 FY25
Patents filed
147 in FY26; 46 in Q1 FY27 (cumulative 722)FY26, Q1 FY27
India share of revenue
88%FY26
Pending BSNL 4G expansion order
26,000 additional sitesQ1 FY27
Who pays it
Indian telecom operators (BSNL as flagship, Tier-1 telcos), Indian hyperscalers (DWDM), international carriers (South America, Africa, South Asia) via the NEC partnership for 5G radios.
Biggest cost
Materials and electronic components at 74.4% of revenue
Kind of business
Capex- and R&D-intensive telecom equipment manufacturer; product mix is project-driven and currently loss-making at the operating level.
Where it sits
Largest router supplier by circles to BSNL's BharatNet Phase III; among Indian vendors executing BSNL's 4G/5G rollout across 100,000 sites; first Indian 5G Massive MIMO radio export via the NEC partnership.
Market Cap
₹7,468 Cr
P / E (TTM)
—
EV / EBITDA
—
Div Yield
0.59%
Growth
15.9%▲
Revenue 5y CAGR
PAT — · EBITDA —
Quality
-0.9%·
ROCE (5y median)
ROE -1.2% (5y median) · margin -58.8%
Leverage
1.38·
Debt / Equity · moderate
Net debt ₹3,933 Cr
Revenue FY21→FY26
2.1×▲
Margin −89.5 pts
₹527 Cr → ₹1,103 Cr
Moves on a normal day
1.45%·
Median daily move
Last 268 sessions · the yardstick for filing-day moves
Where it sits among 29 Telecommunication peersBar = share of peers beaten · tick = industry median · latest reported figures
P/B#9/21
ROCE#25/27
ROE#20/21
Debt / Equity#19/21
EBITDA margin#27/28
Revenue growth#4/29
Profit growth#23/28

Scorecard

Measured from the filed financials, judged against its Telecommunication peers · as of FY26 — not investment advice

Strengths
Revenue compounding 16% a year over 5 years
Concerns
Negative returns on capital — −0.9% (5-year median)
#25 of 27 in Telecommunication on the latest reported figures · down from 2.3% in FY21
Carries more debt than its peers — 1.38× equity
higher than 90% of its 21 Telecommunication peers
Heavy working capital — 1726 days of cash tied up
Customers are taking longer to pay — 236 → 1077 days of receivables
FY21 → FY26

Charts

How has the market priced it — with filings on the timeline?

TEJASNET · price

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Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from TEJAS NETWORKS LIMITED's filed financials and exchange disclosures

What does TEJAS NETWORKS LIMITED do?

TEJAS NETWORKS LIMITED is a Telecom - Equipment & Accessories company listed on NSE and BSE, trading under the symbol TEJASNET.

Is TEJAS NETWORKS LIMITED profitable?

No. Over the trailing twelve months TEJAS NETWORKS LIMITED reported a net loss of ₹917 Cr on revenue of ₹1,303 Cr.

Does TEJAS NETWORKS LIMITED pay a dividend?

Yes. The dividend yield is 0.59% at the current price.

Is TEJAS NETWORKS LIMITED debt-free?

No. It reported borrowings of ₹4,035 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹3,933 Cr after cash. Debt stands at 1.38× equity. That is higher than 90% of its 21 Telecommunication peers.

How much does the TEJAS NETWORKS LIMITED share price move in a day?

On a typical session TEJAS NETWORKS LIMITED moves 1.45% — that is the median absolute close-to-close move across its last 268 trading days. MarketPing measures each filing's price reaction against it.

Where can I track TEJAS NETWORKS LIMITED's announcements?

Every NSE and BSE filing by TEJAS NETWORKS LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.