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← CockpitCompetitor Analysis › TEJASNET.NS Tejas NetworksOpen in the cockpit ↗

Tejas NetworksTEJASNET.NSCompetitor analysis, valuation and peers

India · INR·Telecom›Telecommunications Equipment
Momentum laggard 12
Mkt cap
$790M
US dollars, full cap
Free float
45%
of shares outstanding
$/day
$5.15M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-19.6 pp
WACC 10.7%
Hurdle
n/a
no reverse DCF
Next earnings
75 days
20 Jan 2027
Close · INR₹417.20
1D-1.6%
1W+3.5%
1M-10.6%
3M-20.1%
6M-21.8%
YTD-7.2%
1Y-22.2%
ATR %4.3%
Beta1.28
52w lowhigh35.3% off high

What Tejas Networks does

Employees: 2,229

Tejas Networks at a glance

Size Tejas Networks (TEJASNET.NS) is an India Communication Services company (Telecommunications Equipment) with a market value of $790M, the 674th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹417.20 on 6 Nov 2026.

Performance Over six months the shares fell 21.8%, against -8.4% for the median peer and 0.0% for the India market (cap-weighted) — 5th lowest of 17 in its peer set.

Growth Revenue fell 70.3% over the last twelve months (peer median +8.1%); the operating margin is -58.1% (peer median 15.7%).

Valuation It trades at 8.3× enterprise value to sales against a peer median of 4.6× (8th most expensive of 17).

Capital Return on invested capital runs 19.6 points below its cost of capital (10.7% WACC).

Next results Next results expected around 20 Jan 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 94TEJASNET.NS 81
Six months, rebased to 100: Tejas Networks against the median of its 16 peers (local-currency closes).

Tejas Networks financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹14.5B₹11.0B₹84.5B₹23.1B₹9.20B
Revenue growth—-87%+265%+152%—
Gross profit-₹2.22B-₹6.26B₹9.39B₹1.11B-₹514M
EBITDA-₹4.50B-₹6.77B₹7.91B₹1.19B₹172M
Net income-₹8.17B-₹9.09B₹4.47B₹630M-₹364M
Free cash flown/a-₹3.49B-₹10.2B-₹21.5B-₹3.85B
Capital expendituren/a₹8.84B₹6.51B₹4.08B₹2.49B
Total debt₹49.7B₹41.7B₹34.1B₹18.7B₹498M

Quarterly statements and history in the cockpit →

Tejas Networks competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+50%-20%0%+20%RAILTELTTMLZEELTIPSMUSICROSSTECHSAREGAMANETWORK18MPSLTDASTRAMICROAVANTELPVRINOXWONDERLAROUTEPFOCUSSUNTVITITEJASNET.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Tejas Networks is the large dot.

Fundamentals: revenue growth against valuation

-50%0%+50%0×10×20×RAILTELTTMLZEELTIPSMUSICROSSTECHSAREGAMANETWORK18MPSLTDASTRAMICROAVANTELPVRINOXWONDERLAROUTESUNTVITITEJASNET.NSRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Tejas Networks is the large dot.

Tejas Networks competitors and peer comparison

How Tejas Networks compares with its peers

Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Tejas Networks against its 16 peers (data as of 6 Nov 2026)
MeasureTEJASNET.NSPeer medianRank in peer set
1-month return-10.6%-2.5%3rd lowest of 17
6-month return-21.8%-8.4%5th lowest of 17
Distance from 52-week high-35.3%-23.7%5th lowest of 17
Revenue growth (TTM)-70.3%+8.1%lowest of 17
Operating margin-58.1%15.7%lowest of 17
EV / Sales8.3×4.6×8th most expensive of 17
ROIC minus cost of capital-19.6 pp-1.7 pp2nd lowest of 17

Peer table

Peer set: Sector in the same market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Tejas Networks TEJASNET.NSIndia$790M-22%-70%-58%8.3×n/an/a
RailTel Corp. of India RAILTEL.NSIndia$817M-31%+23%10%1.6×31.3%+25.4%
Tata Teleservices (Maharashtra) TTML.NSIndia$824M-11%-1%44%22.9×22.7%+2.1%
Zee Entertainment Enterprises ZEEL.NSIndia$651M-32%+6%-1%0.4×1.8%+0.9%
Tips Music TIPSMUSIC.NSIndia$1.04B+20%+27%67%22.6×36.6%+32.9%
Rossell Techsys ROSSTECH.NSIndia$551M+33%+86%10%9.4×n/an/a
Saregama India SAREGAMA.NSIndia$1.26B+77%-3%28%10.4×n/an/a
Network18 Media & Invest NETWORK18.NSIndia$438M-23%-23%-3%3.3×n/an/a
MPS MPSLTD.NSIndia$404M+36%+10%29%4.7×9.6%+12.7%
Astra Microwave Products ASTRAMICRO.NSIndia$1.56B+34%+4%25%13.0×53.3%+12.7%
Avantel AVANTEL.NSIndia$390M-12%+15%14%14.5×n/an/a
PVR Inox PVRINOX.NSIndia$1.63B+47%+14%16%2.9×15.7%+88.3%
Wonderla Holidays WONDERLA.NSIndia$322M-9%+35%17%4.0×n/an/a
Route Mobile ROUTE.NSIndia$301M-22%+1%9%0.3×-8.0%+25.7%
Prime Focus PFOCUS.NSIndia$2.36B-7%+29%16%4.5×26.0%+12.6%
Sun TV Network SUNTV.NSIndia$2.48B+4%-5%38%4.1×9.5%+6.4%
ITI ITI.NSIndia$2.53B-18%-41%-1%11.3×n/an/a

Questions

Which companies are Tejas Networks's closest peers?
The cockpit's peer set: RailTel Corp. of India (RAILTEL.NS), Tata Teleservices (Maharashtra) (TTML.NS), Zee Entertainment Enterprises (ZEEL.NS), Tips Music (TIPSMUSIC.NS), Rossell Techsys (ROSSTECH.NS), Saregama India (SAREGAMA.NS), Network18 Media & Invest (NETWORK18.NS), MPS (MPSLTD.NS).
Is Tejas Networks expensive compared with its peers?
On ev / sales it trades at 8.3× against a peer median of 4.6×, 8th most expensive of 17 in its peer set.
How has Tejas Networks stock performed?
Over six months to 6 Nov 2026 the shares returned -21.8% against -8.4% for the median peer; over one year -22.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.