Tejas Networks Ltd.
NSE: TEJASNETTejas Networks Ltd.: A 30-second snapshot
Tejas Networks (TEJASNET) is a telecom equipment company trading at ₹445.75, down 37.29% over 12 months and 41.26% below its 52-week high, while sitting below its 200-DMA (₹482.08). The company carries a debt-to-equity ratio of 142.52 with a rising debt trend, an ROE of -26.82%, and a profit margin of -82.38% — with no FCF-positive years recorded in the available data window. A 31.47% price recovery over the past 3 months has occurred without a disclosed catalyst, while fundamental metrics rank among the weakest in the 6-company Telecom peer group.
P/E
—
Forward P/E
—
ROE
-26.8%
Debt / Equity
142.52
Profit Margin
-82.4%
Div. Yield
+0.6%
5Y ROE > 15%
0/5
5Y FCF > 0
0/5
Quality
23/100
News
4 headlines · 1 positive · 1 negative
TEJASNET.NS Tejas Networks Earnings Beat: Revenue Surges 137% - Meyka
Meyka
Tejas Networks: Turnaround Opportunity or Value Trap After BSNL Slowdown? - Trade Brains
Trade Brains
Tejas Networks Says No Undisclosed News Behind Share Price Surge - TipRanks
TipRanks
Tejas Networks Opens Special Window for Dematerialisation of Physical Shares - TipRanks
TipRanks
Recent context
- ·Q4 FY26 results showed revenue up 137% year-on-year per analyst coverage (Meyka, April 2026), though the company continues to report net losses; the latest quarterly loss after tax was ₹2.11 billion.
- ·The company filed a formal exchange disclosure in May 2026 stating there is no undisclosed information behind its sharp recent price appreciation, leaving the 3-month rally of 31.47% without a confirmed fundamental catalyst.
- ·Trade Brains (May 2026) raised the question of whether the stock represents a turnaround opportunity or value trap following BSNL project slowdown — framing a central uncertainty around the sustainability of the Q4 revenue surge.
Strengths
- +Revenue beat in Q4 FY26 showed a reported 137% surge on a year-on-year basis per analyst coverage, suggesting a potential inflection in near-term order execution relative to the prior comparable period.
- +The 3-month price recovery of 31.47% has pushed the stock back above its 50-DMA (₹439.04), with RSI at 50.62 indicating momentum without yet reaching overbought levels on the 14-period measure.
- +Nearest technical support levels are clustered at ₹396.25 and ₹382.25, approximately 11–14% below current price, providing identifiable reference points for the recent consolidation range.
- +Tejas Networks is part of the Tata Group ecosystem, which provides access to group-level enterprise relationships relevant to large government and private-sector network deployment contracts.
Weaknesses
- −ROE of -26.82% and profit margin of -82.38% reflect persistent deep losses; the company has recorded 0 FCF-positive years and 0 years of ROE above 15% in the available data window, with a consistency score of 3.
- −Debt-to-equity of 142.52 with a rising debt trend is extreme for a company with negative earnings — this combination creates material solvency pressure if the revenue recovery does not sustain.
- −5-year revenue contraction of 82.6% reflects prolonged top-line deterioration; BSNL project concentration has been cited in recent coverage as a structural dependency risk that amplifies cyclical swings.
- −TEJASNET ranks 5th of 6 on both ROE (-26.82% vs peer positives of 19–31%) and quality score (15 vs peer range of 32–64), placing it at the bottom of its Telecom peer group on both return and composite quality dimensions.
Open questions
- ?Is the Q4 FY26 revenue surge of 137% a structural inflection driven by sustained order intake, or a one-quarter catch-up from delayed BSNL project recognition?
- ?At a D/E of 142.52 with a rising debt trend and negative earnings, what specific revenue run-rate or margin level would be required to service current debt without further dilution or refinancing?
- ?Does the 5-year revenue contraction of 82.6% reflect a complete BSNL order cycle that has now reset, or an ongoing structural erosion of the company's addressable market?
- ?How concentrated is TEJASNET's revenue pipeline across government vs. private sector customers, and what would a further delay or cancellation of public-sector orders imply for the debt-service timeline?
Peer comparison: Telecom
Ranks 5 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| TEJASNET | Tejas Networks Ltd.You're viewing | — | -26.8% | 15 |
| Industry avg | across 5 peers | 37.4 | +24.8% | 38 |
| INDUSTOWER | Indus Towers Ltd. | 15.9 | +19.8% | 64 |
| BHARTIHEXA | Bharti Hexacom Ltd. | 45.0 | +28.8% | 50 |
| IDEA | Vodafone Idea Ltd. | — | — | 40 |
| BHARTIARTL | Bharti Airtel Ltd. | 42.9 | +19.4% | 32 |
| TATACOMM | Tata Communications Ltd. | 45.9 | +31.1% | 5 |
Technical state
Current price
₹445.75
SMA 50
₹439.04
SMA 200
₹482.08
RSI (14)
50.6 (neutral)
From 52w high
-41.3%
1Y return
-37.3%
3M return
+31.5%
50-DMA
Above
200-DMA
Below
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highROE of -26.82% and profit margin of -82.38% indicate persistent deep losses. FCF-positive years: 0 of available; ROE above 15%: 0 of available; consistency score: 3 — lowest in the peer group.
- highDebt-to-equity ratio of 142.52 with a rising debt trend is extreme for a telecom equipment company operating at negative earnings, creating material solvency pressure.
- high5-year revenue growth of -82.6% signals severe top-line contraction over the measurement period, and there are no recorded earnings-growth figures for the 5-year window, indicating no recoverable earnings base is captured in available data.
- mediumTEJASNET ranks 5th of 6 on both ROE and quality score in its Telecom peer group. Peers Bharti Airtel (ROE 19.36%), Indus Towers (ROE 19.81%), Tata Communications (ROE 31.13%), and Bharti Hexacom (ROE 28.81%) all show strongly positive ROE while TEJASNET sits at -26.82%.
- mediumStock is 41.26% below its 52-week high and down 37.29% over 12 months. It currently trades below its 200-DMA (₹482.08) but above its 50-DMA (₹439.04), with RSI at 50.62 and a sharp 31.47% 3-month bounce from recent lows.
- lowNews sample is sparse (4 articles). The company formally disclosed no undisclosed news behind a recent sharp price surge (per a May 2026 exchange filing), leaving the catalyst for the 3-month rally unexplained by available public information.
Cross-section contradictions
- ROE of -26.82%, profit margin of -82.38%, D/E of 142.52, and 5-year revenue contraction of 82.6% represent sharply deteriorating fundamentals, yet the stock has risen 31.47% over the past 3 months — and the company itself has confirmed no undisclosed catalyst behind the price move.
- Quality score of 15 (ranked 5th of 6 in Telecom peers) and 0 FCF-positive years contrast with a dividend yield of 0.56%, an unusual combination for a company with persistent losses and rising debt.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 17 May 2026 · rotates through NIFTY 500 every ~5 days