Tejas Networks Ltd

Tejas Networks Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Tejas Networks Ltd

₹ 1,268 -1.42%
21 Nov 4:00 p.m.
tejasnetworks.com BSE: 540595 NSE: TEJASNET
About

Incorporated in 2000,Tejas Networks Ltd designs and manufactures wireline and wireless networking products, with a focus on technology, innovation and R&D. TNL carrier-class products are used by telecom service providers, utilities, governments, and defence networks in 75+ countries. Company is currently a part of Panatone Finvest Limited (a subsidiary of Tata Sons Private Limited).[1]

Key Points

Product Portfolio[1]
Wireline products: FTTX, Optical Transport, Switches & Routers
Wireless products: 4G/G RAN (Radio Access Network) , SATCOM, Broadcast Radio
Network Management & Monitoring: Network Management, Element Management.

Website BSE NSE
  • Market Cap ₹ 21,721 Cr.
  • Current Price ₹ 1,268
  • High / Low ₹ 1,495 / 651
  • Stock P/E 47.8
  • Book Value ₹ 217
  • Dividend Yield 0.00 %
  • ROCE 3.68 %
  • ROE 2.06 %
  • Face Value ₹ 10.0
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Pros

  • Company's median sales growth is 20.1% of last 10 years

Cons

  • Stock is trading at 5.87 times its book value
  • Company has a low return on equity of -0.55% over last 3 years.
  • Company might be capitalizing the interest cost
  • Company has high debtors of 208 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Telecomm Equipment & Infra Services Industry: Telecommunications - Equipment

Part of Nifty Smallcap 50 Nifty Smallcap 250 Nifty MidSmallcap 400 BSE 400 MidSmallCap Index Nifty Smallcap 100

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
173 107 126 126 220 275 299 188 396 560 1,327 1,563 2,811
154 135 215 133 198 267 308 234 383 567 1,018 1,333 2,277
Operating Profit 18 -28 -88 -7 22 8 -8 -46 13 -8 309 230 535
OPM % 11% -26% -70% -6% 10% 3% -3% -24% 3% -1% 23% 15% 19%
4 16 14 19 20 21 21 19 18 15 12 13 11
Interest 1 1 0 1 5 5 5 5 7 8 31 57 61
Depreciation 18 20 22 23 30 34 35 34 42 48 58 65 74
Profit before tax 3 -33 -96 -13 7 -9 -27 -66 -18 -49 233 122 411
Tax % -10% -26% -48% -49% 147% 62% -58% -60% -29% -8% 37% 36% 33%
4 -24 -50 -7 -3 -15 -11 -26 -13 -45 147 77 275
EPS in Rs 0.32 -2.13 -4.33 -0.44 -0.21 -0.99 -0.68 -1.55 -0.74 -2.64 8.60 4.53 16.07
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
369 423 387 627 875 750 900 391 527 551 922 2,471 6,261
322 328 319 514 711 597 704 478 473 631 906 2,205 5,194
Operating Profit 47 95 68 113 164 153 196 -87 53 -80 16 266 1,067
OPM % 13% 22% 18% 18% 19% 20% 22% -22% 10% -15% 2% 11% 17%
-42 10 10 4 -22 28 37 34 25 43 79 65 51
Interest 36 46 47 49 32 13 17 8 4 3 15 48 157
Depreciation 48 56 49 38 56 61 66 77 52 77 122 182 245
Profit before tax -79 3 -18 29 54 106 150 -139 23 -117 -43 100 716
Tax % 0% 0% 0% 0% -73% -0% 2% 71% -67% -46% -15% 37%
-79 3 -18 29 93 107 147 -237 38 -63 -36 63 455
EPS in Rs -13.56 0.48 -3.07 4.59 13.15 11.73 16.05 -25.71 4.03 -5.47 -2.16 3.69 26.56
Dividend Payout % 0% 0% 0% 0% 0% 0% 6% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 19%
5 Years: 22%
3 Years: 67%
TTM: 441%
Compounded Profit Growth
10 Years: 37%
5 Years: -15%
3 Years: 19%
TTM: 793%
Stock Price CAGR
10 Years: %
5 Years: 69%
3 Years: 45%
1 Year: 58%
Return on Equity
10 Years: 1%
5 Years: -3%
3 Years: -1%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 62 62 62 67 74 94 95 95 97 118 172 174 175
Reserves 220 223 206 294 519 1,058 1,225 985 1,038 1,475 2,801 2,976 3,546
262 307 314 259 281 2 1 28 22 20 50 1,884 2,911
113 153 146 219 160 175 264 132 156 498 579 3,169 3,584
Total Liabilities 656 745 728 838 1,034 1,330 1,585 1,241 1,312 2,110 3,602 8,203 10,215
77 65 51 94 92 75 99 79 111 138 647 961 1,313
CWIP 71 84 88 52 19 47 41 27 24 40 154 235 52
Investments 0 0 0 0 0 77 87 51 37 402 262 334 451
508 597 589 692 924 1,132 1,358 1,085 1,139 1,531 2,539 6,673 8,400
Total Assets 656 745 728 838 1,034 1,330 1,585 1,241 1,312 2,110 3,602 8,203 10,215

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
25 27 76 127 150 239 -82 1 158 -17 -380 -2,036
-0 -74 -29 -50 -140 -213 -104 71 -167 -828 -581 430
8 15 -40 -41 -28 157 -11 -22 -3 839 999 1,713
Net Cash Flow 34 -32 8 37 -18 183 -197 50 -13 -6 38 107

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 136 193 196 148 160 134 252 351 236 189 198 208
Inventory Days 340 341 405 238 129 179 143 452 290 327 422 861
Days Payable 164 225 252 205 77 98 129 134 125 131 196 424
Cash Conversion Cycle 312 309 349 181 212 215 266 669 401 384 423 645
Working Capital Days 287 289 318 182 179 256 304 585 388 558 492 465
ROCE % 2% 9% 5% 13% 16% 12% 13% -11% 2% -8% -1% 4%

Shareholding Pattern

Numbers in percentages

56 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
37.32% 37.17% 52.40% 52.20% 51.97% 56.37% 55.97% 55.92% 55.80% 55.60% 55.50% 55.42%
14.24% 14.01% 10.33% 10.84% 11.22% 10.49% 10.91% 11.11% 11.26% 11.33% 10.20% 9.58%
5.25% 5.21% 3.99% 4.14% 4.20% 3.98% 3.89% 4.03% 4.35% 4.76% 4.91% 4.76%
43.19% 43.60% 33.27% 32.82% 32.60% 29.16% 29.21% 28.93% 28.58% 28.31% 29.39% 30.24%
No. of Shareholders 96,1981,03,5251,37,9731,34,7821,47,4551,45,8721,40,4971,63,5451,67,2051,72,9981,79,9242,08,988

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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