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Tejas Networks Ltd share Price Today

Company details

1,353.05
1,427.70
651.25
1,427.70
6M Return 66.24%
1Y Return 90.85%
Mkt Cap.(Cr) 23,277.74
Volume 1,297,973
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 1,297,973

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Telecom Services company Tejas Networks announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Total Revenue: The total income from operations for Q4FY24 stood at Rs 1,326.9 crore, a significant increase from Rs 299.3 crore in Q4FY23.
  • Profit Before Tax (PBT): The PBT for Q4FY24 is reported at Rs 232.6 crore in contrast to a loss before tax of Rs 27 crore in Q4FY23.
  • Profit After Tax (PAT): The company posted a net profit after tax of Rs 146.8 crore in Q4FY24, a notable recovery from a net loss of Rs 11.5 crore in Q4FY23.
  • Total Comprehensive Income: The total comprehensive income for Q4FY24 was Rs 145.54 crore.

FY24 Financial Highlights:

  • Total Revenue: The yearly revenue saw an uplift to Rs 2,470.9 crore in FY24 from Rs 921.5 crore in FY23.
  • Profit Before Tax (PBT): The annual PBT turned around from a loss of Rs 42.7 crore in FY23 to a profit of Rs 100.2 crore in FY24.
  • Profit After Tax (PAT): The company posted a net profit after tax of Rs 63 crore in FY24.
  • Total Comprehensive Income:  The annual figure for FY24 was Rs 58.80 crore, indicating a reversal from a comprehensive loss of Rs 10.02 crore in FY23.

Commenting on the results, Mr. Anand Athreya, Managing Director and CEO of Tejas Networks said"Q4-FY24 has been a milestone quarter for the company. With our strong revenue growth, we have achieved the scale in our business that reflects in our profitability in line with the significant investments that we have made during FY24. We not only ramped up BSNL's 4G/5G RAN shipments but also completed the delivery of the large volume of IP/MPLS routers for the backhaul network. During Q4, we were granted 22 patents, taking our total patent count to 335."

Commenting on the results, Mr. Sumit Dhingra, CFO said"Our consolidated revenue for Q4-FY24 and FY24 were significantly higher than the corresponding numbers in FY23. During FY24 we have made major investments to ramp up our R&D team and operations which are essential to deliver the growth potential of the company. We completed FY24 with a net profit of Rs 63 crore, a strong order book of Rs 8,221 crore."

 

Result PDF

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Tejas Networks Ltd shares SWOT Analysis

Strengths (17)

  • Stock passes majority of CANSLIM Investment criteria
  • Strong Momentum: Price above short, medium and long term moving averages
  • Strong Annual EPS Growth

Weakness (1)

  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years

Opportunity (3)

  • Turnaround companies- loss to profit QoQ
  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (3)

  • Promoter decreasing their shareholding
  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)

Resistance and support

R1 1,409.9
R2 1,456.1
R3 1,484.5
Pivot

1,381.45

S1 1,335.2
S2 1,306.8
S3 1,260.6
EMA SMA
1,226.5
1,100.8
990.4
896.3
1,207.4
1,077.4
906.7
879.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
PANATONE FINVEST LIMITED Bulk Purchase 2021-08-02 258 7500000 NSE
SAMENA SPECTRUM CO Bulk Sell 2021-08-02 258 7500000 NSE
PANATONE FINVEST LIMITED Block Purchase 2021-08-02 258 7500000 NSE
Name Category Shares
Panatone Finvest Limited PROMOTER 55.6%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
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Profit after Tax
PE
Debt/Equity
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Tejas Networks Ltd Stocks COMPARISON

Financials( in Cr) Tejas Networks Ltd Indus Towers Ltd ITI Ltd Avantel Ltd GTL Infrastructure Ltd
Price 1,363.60 340.75 304.85 163.90 2.14
% Change -0.55 0.37 -0.36 16.12 4.90
Mcap Cr 23,277.74 91,829.98 29,292.64 3,987.20 2,740.70
Revenue TTM Cr 2,470.92 28,381.80 1,395.45 224.37 1,457.86
Net Profit TTM Cr 62.98 2,040.00 -359.85 52.55 -1,816.91
PE TTM 369.70 15.21 0.00 75.88 0.00
1 Year Return 90.85 104.90 180.97 268.23 167.50
ROCE 3.53 10.18 0.00 47.23 0.00
ROE 2.06 9.43 0.00 38.70 0.00
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 3,149.49 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,088.77 -1,030.79
LAST 3M 113,155.52 -39,495.50
LAST 6M 184,812.44 -13,263.60
LAST 12M 291,038.85 99,015.20
Tejas Networks Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 11, 2024 l NSE Announcement

Tejas Networks Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 10, 2024 l NSE Announcement

Date Action Type Ratio
No data found

Tejas Networks Ltd Information

Stock PE (TTM)
369.7
Promoter Holding
55.6%
Book Value
184.1082
ROCE
3.53%
ROE
2.06%
Description
  • Tejas Networks Limited is a Wireline and Wireless telecom and data networking products company that designs, develops and manufactures high-performance and future-ready products for building high-speed communication networks that carry voice, data and video traffic from fixed line, mobile and broadband networks. The Company`s products are differentiated by a programmable, software-defined hardware architecture that provides flexibility, multi-generation support and a seamless software-enabled network transformation to its customers. The Company`s engineering and management teams have diverse experience in optical communication systems, networking protocols, Field Programmable Gate Array (`FPGA`) design, embedded system software, application software, high-speed printed circuit board (`PCB`) design, thermal and mechanical design, product management, quality and test engineering and reliability engineering. Tejas Networks Limited was originally incorporated as private limited company under the name `Tejas Networks India Private Limited` on April 24, 2000 at Bengaluru, Karnataka, India. During the financial year ended 31 March 2001, the company procured order from TATA Power Company Limited. The Company was converted into a public limited company and its name was changed to Tejas Networks India Limited on October 23, 2002. During the financial year ended 31 March 2004, the company procured order from Railtel Corporation of India Limited through Electronics Corporation of India Limited. During the financial year ended 31 March 2007, the company received Carrier Ethernet certification from Iometrix, certifying TJ100MC, operating at the user network interface, delivering Ethernet private line services compliant with the Metro Ethernet Forum MEF 9 technical qualification. During the year under review, the company procured order from Power Grid Corporation of India Limited. During the financial year ended 31 March 2008, the company received ISO 9001:2008 and TL9000-H certification. The name of the company was changed to Tejas Networks Limited on March 18, 2008 to reflect the global outlook of the company. During the financial year ended 31 March 2009, the company procured order from BSNL for supply of transmission equipment. During the financial year ended 31 March 2010, the company executed OEM contract with Ciena Corporation. During the financial year ended 31 March 2011, the company procured order from Bharti Airtel Limited for 3G rollout in multiple circles. During the financial year ended 31 March 2012, the company executed OEM contract with NEC. During the financial year ended 31 March 2013, the company was recognized amongst the top five Indian applicants for patents in the field of information technology by the Office of the Controller General of Patents, Designs, Trademarks and Geographical Indication. During the year under review, the company procured order from Summit Communications Limited, Bangladesh. During the financial year ended 31 March 2014, the company procured orders from West Indian Ocean Cable Company, Africa and SACOFA SDN BHD, Malaysia. During the financial year ended 31 March 2015, the company procured order from Bangladesh Telecommunications Company Limited under Optical Fiber Cable Network Development in 1,000 Union Parishad Project. During the financial year ended 31 March 2016, the company procured order from Idea Cellular Limited. During the year under review, the company was recognized as a Two Star Export House by the Ministry of Commerce and Industry. During the year under review, the company received Carrier Ethernet 2.0 certification from Iometrix certifying TJ1400, TJ1400P and TJ1600. During the year under review, the company procured order for TJ1600 equipment for 100G upgrade from SACOFA SDN BHD. During the financial year ended 31 March 2017, the company procured order for installation, commissioning and maintenance of GPON equipment for NOFN project. Tejas Networks came out with an initial public offer (IPO) during the period from 14 to 16 June 2017. The IPO was a combination of fresh issue aggregating Rs 450 crore and Offer for Sale of 1.27 crore shares by the selling shareholders. The stock debuted at Rs 257 on BSE on 27 June 2017, matching the IPO price of Rs 257 per share. On 21 July 2017, Tejas Networks informed the stock exchanges that the company is undergoing an investigation from the Income Tax Department and the company is fully co-operating for the same. The Board of Directors of Tejas Networks at its meeting held on 25 October 2017 considered and approved the proposal for winding up/removing the name of vSave Energy Private Limited (wholly owned subsidiary of the company). The Board also approved the proposal for winding up of Tejas Israel Limited (wholly owned subsidiary of the company) under the laws of State of Israel. The Board also approved setting up of wholly-owned subsidiary/branch office in Mexico. On 7 November 2017, Tejas Networks announced that it is displaying its latest innovations in the packet optical space at AfricaCom 2017. On 9 January 2018, Tejas Networks announced that it has successfully completed GPON equipment installations in over 40,000 gram panchayats in India as part of the BharatNet Phase-1 project. BharatNet is an ambitious Government of India project to bring high-speed broadband connectivity to 2.5 lakh gram panchayats of the country. On 27 March 2018, Tejas Networks announced that it has received a new purchase order of Rs 336 crore from BSNL for expansion of BharatNet, the world`s largest rural broadband project. On 31 July 2018, Tejas Networks announced that ICOSNET, one of Algeria`s leading Internet Service Providers (ISP), has chosen Tejas` Converged Packet Optical (CPO) products to serve the growing demand for its high-speed Internet access and Virtual Private Network (VPN) offerings in the country. ICOSNET has deployed Tejas` TJ1400 converged broadband access and optical aggregation platform at multiple Points of Presence (POP) within Algeria as well as in its international exchanges in London and Madrid. On 4 December 2018, Tejas Networks informed stock exchanges that its application for liquidation of its wholly-owned subsidiary Tejas Israel Ltd has been approved by the Registrar of Companies and Partnerships, Israel and liquidated according to Section 338 (c) of the Companies Ordinance (New Version) 5743- 1983 with effect from November 25, 2018. During FY 2019, the Company launched TJ1400 UCB, the world`s first ultra-converged broadband access/edge product at the Mobile World Congress (MWC), Barcelona. In FY20, the Company introduced TJ1600S/I, latest packet and optical switching product at the India Mobile Congress (IMC), the biggest technology event of South Asia. During the year FY 2023, the Company acquired 64.4% stake in Saankhya Labs Private Limited and its subsidiaries. For wireless 4G RAN equipment, the Company completed a Proof-of-Concept (PoC) trial in India or a large-scale 4G deployment project for a leading state-owned telecom company. It expanded fiber broadband product portfolio by adding more ONT variants and a new compact and cost-effective 1RU 4-port GPON OLT. It enhanced the OTN DXC portfolio by scaling tens of terabit non-blocking DXC capacities to address core and large metro applications. It developed a comprehensive portfolio of end-to-end optical, GPON/XGS-PON and 4G/5G products, which are installed internationally.

Registered Address

J P Software Park Plot No 25, Sy No 13/14/17&18 Begur Hobli, Bengaluru, Karnataka, 560100

Tel : 91-80-41794600
Email : corporate:tejasnetworks.com
Website : http://www.tejasnetworks.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 540595
NSE Code : TEJASNET
Book Closure Date (Month) : Jun
BSE Group : A
ISIN : INE010J01012

FAQ’s on Tejas Networks Ltd Shares

You can buy Tejas Networks Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Tejas Networks Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:59 PM the closing price of Tejas Networks Ltd was Rs.1,363.60.

The latest PE ratio of Tejas Networks Ltd as of Jun 14, 2024 03:59 PM is 369.70

The latest PB ratio of Tejas Networks Ltd as of Jun 14, 2024 03:59 PM is 0.14

The 52-week high of Tejas Networks Ltd share price is Rs. 1,427.70 while the 52-week low is Rs. 651.25

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:59 PM, the market cap of Tejas Networks Ltd stood at Rs. 23,277.74.

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