View Financial HealthTejas Networks 배당 및 자사주 매입배당 기준 점검 2/6Tejas Networks 수익으로 충분히 충당되는 현재 수익률 0.54% 보유한 배당금 지급 회사입니다.핵심 정보0.5%배당 수익률-0.03%자사주 매입 수익률총 주주 수익률0.5%미래 배당 수익률n/a배당 성장률n/a다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향10%최근 배당 및 자사주 매입 업데이트Upcoming Dividend • Jun 12Upcoming dividend of ₹2.50 per shareEligible shareholders must have bought the stock before 19 June 2025. Payment date: 27 July 2025. Payout ratio is a comfortable 9.7% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.2%). In line with average of industry peers (0.3%).공시 • Apr 26Tejas Networks Limited announces Annual dividend, payable on July 27, 2025Tejas Networks Limited announced Annual dividend of INR 2.5000 per share payable on July 27, 2025, ex-date on June 19, 2025 and record date on June 19, 2025.모든 업데이트 보기Recent updates공시 • May 08Tejas Networks Limited, Annual General Meeting, Jun 26, 2026Tejas Networks Limited, Annual General Meeting, Jun 26, 2026.New Risk • Apr 16New major risk - Revenue and earnings growthEarnings have declined by 22% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 22% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Apr 16Full year 2026 earnings released: ₹51.35 loss per share (vs ₹25.75 profit in FY 2025)Full year 2026 results: ₹51.35 loss per share (down from ₹25.75 profit in FY 2025). Revenue: ₹11.4b (down 87% from FY 2025). Net loss: ₹9.09b (down 304% from profit in FY 2025). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.공시 • Apr 10Tejas Networks Limited to Report Fiscal Year 2026 Results on Apr 15, 2026Tejas Networks Limited announced that they will report fiscal year 2026 results on Apr 15, 2026공시 • Mar 04Tejas Networks Limited Launches Hyper-Scalable Data Center Interconnect PlatformTejas Networks announced the launch of TJ1600-D3, its next-generation, versatile WDM (Wavelength Division Multiplexing) optical transport product which is purpose-built to meet the surging demand for terabit-scale data center interconnections worldwide. The product was unveiled at Mobile World Congress (MWC) 2026, Barcelona, Spain. TJ1600-D3 is powered by the latest DSPs (Digital Signal Processors) and chipsets, engineered for operators and enterprises demanding extreme capacity, carrier-grade reliability, and best-in-class energy efficiency. It supports a range of performance-optimized and power-optimized traffic sleds, with flexible line rates from 400G to 1.2T per wavelength and scaling up to 51.2 Tbps of shelf capacity. Redundant controllers, fans, and power modules combined with universal AC/DC power compatibility ensure that TJ1600-D3 delivers highly resilient services in an optimized 3-RU form factor.New Risk • Jan 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change).Reported Earnings • Jan 11Third quarter 2026 earnings released: ₹11.09 loss per share (vs ₹9.44 profit in 3Q 2025)Third quarter 2026 results: ₹11.09 loss per share (down from ₹9.44 profit in 3Q 2025). Revenue: ₹3.14b (down 88% from 3Q 2025). Net loss: ₹1.97b (down 219% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 10% per year.공시 • Jan 02Tejas Networks Limited to Report Q3, 2026 Results on Jan 09, 2026Tejas Networks Limited announced that they will report Q3, 2026 results at 12:08 PM, Indian Standard Time on Jan 09, 2026Reported Earnings • Oct 19Second quarter 2026 earnings released: ₹17.38 loss per share (vs ₹16.06 profit in 2Q 2025)Second quarter 2026 results: ₹17.38 loss per share (down from ₹16.06 profit in 2Q 2025). Revenue: ₹2.62b (down 91% from 2Q 2025). Net loss: ₹3.07b (down 212% from profit in 2Q 2025). Revenue is forecast to stay flat during the next 2 years compared to a 22% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.공시 • Oct 10Tejas Networks Limited to Report Q2, 2026 Results on Oct 17, 2025Tejas Networks Limited announced that they will report Q2, 2026 results at 12:08 PM, Indian Standard Time on Oct 17, 2025Reported Earnings • Jul 16First quarter 2026 earnings released: ₹10.99 loss per share (vs ₹4.54 profit in 1Q 2025)First quarter 2026 results: ₹10.99 loss per share (down from ₹4.54 profit in 1Q 2025). Revenue: ₹2.12b (down 86% from 1Q 2025). Net loss: ₹1.94b (down 350% from profit in 1Q 2025). Revenue is expected to decline by 27% p.a. on average during the next 2 years, while revenues in the Communications industry in Asia are expected to grow by 18%. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.공시 • Jul 09Tejas Networks Limited to Report Q1, 2026 Results on Jul 14, 2025Tejas Networks Limited announced that they will report Q1, 2026 results at 12:08 PM, Indian Standard Time on Jul 14, 2025Upcoming Dividend • Jun 12Upcoming dividend of ₹2.50 per shareEligible shareholders must have bought the stock before 19 June 2025. Payment date: 27 July 2025. Payout ratio is a comfortable 9.7% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.2%). In line with average of industry peers (0.3%).Reported Earnings • Jun 08Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ₹25.75 (up from ₹3.71 in FY 2024). Revenue: ₹89.2b (up 261% from FY 2024). Net income: ₹4.47b (up ₹3.84b from FY 2024). Profit margin: 5.0% (up from 2.5% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 55%. Revenue is expected to decline by 36% p.a. on average during the next 2 years, while revenues in the Communications industry in Asia are expected to grow by 18%. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 02Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₹705, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 25x in the Communications industry in Asia. Total returns to shareholders of 61% over the past three years.공시 • Apr 28Tejas Networks Limited, Annual General Meeting, Jun 27, 2025Tejas Networks Limited, Annual General Meeting, Jun 27, 2025, at 15:00 Indian Standard Time.New Risk • Apr 27New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 30% per year for the foreseeable future. High level of non-cash earnings (30% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (₹560m sold).Reported Earnings • Apr 26Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ₹25.75 (up from ₹3.71 in FY 2024). Revenue: ₹89.7b (up 263% from FY 2024). Net income: ₹4.47b (up ₹3.84b from FY 2024). Profit margin: 5.0% (up from 2.5% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 55%. Revenue is expected to decline by 36% p.a. on average during the next 2 years, while revenues in the Communications industry in Asia are expected to grow by 18%. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.공시 • Apr 26Tejas Networks Limited announces Annual dividend, payable on July 27, 2025Tejas Networks Limited announced Annual dividend of INR 2.5000 per share payable on July 27, 2025, ex-date on June 19, 2025 and record date on June 19, 2025.Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₹800, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 32x in the Communications industry in Asia. Total returns to shareholders of 108% over the past three years.Recent Insider Transactions • Feb 21Insider recently sold ₹52m worth of stockOn the 12th of February, Vishwakumara Kayargadde sold around 64k shares on-market at roughly ₹816 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹91m. Insiders have been net sellers, collectively disposing of ₹1.8b more than they bought in the last 12 months.Recent Insider Transactions • Feb 12Insider recently sold ₹89m worth of stockOn the 6th of February, Vishwakumara Kayargadde sold around 100k shares on-market at roughly ₹882 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹1.7b more than they bought in the last 12 months.Recent Insider Transactions • Feb 04Insider recently sold ₹56m worth of stockOn the 28th of January, Vishwakumara Kayargadde sold around 62k shares on-market at roughly ₹898 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹1.5b more than they bought in the last 12 months.Valuation Update With 7 Day Price Move • Jan 30Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to ₹866, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 37x in the Communications industry in India. Total returns to shareholders of 85% over the past three years.New Risk • Jan 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Significant insider selling over the past 3 months (₹347m sold).Reported Earnings • Jan 24Third quarter 2025 earnings released: EPS: ₹9.44 (vs ₹2.64 loss in 3Q 2024)Third quarter 2025 results: EPS: ₹9.44 (up from ₹2.64 loss in 3Q 2024). Revenue: ₹26.6b (up 374% from 3Q 2024). Net income: ₹1.66b (up ₹2.11b from 3Q 2024). Profit margin: 6.2% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.공시 • Jan 24Tejas Networks Limited Appoints Sanjay Malik as EVP - Chief Strategy and Business OfficerTejas Networks Limited appointed Sanjay Malik, former India Country Head of Nokia, as EVP - Chief Strategy and Business Officer. In this role, Sanjay will work with the CEO and the senior management team at Tejas to drive the overall corporate strategy, business management and engagement with various stakeholders including government, customers and partners across India and International markets. Sanjay Malik has extensive experience in the global telecom industry. In his long stint at Nokia spanning over two decades, Sanjay served in a variety of senior leadership roles across strategy, sales, business management and operational execution both in India and globally. Most recently, for nearly eight years, he held the position of SVP and India Country Head and led Nokia India to market leadership position in the country. Sanjay holds a post-graduate degree (MBA) from IIM, Mumbai and has also completed various Executive Leadership Programs in his professional career.Recent Insider Transactions • Dec 18Insider recently sold ₹45m worth of stockOn the 13th of December, Sunil Handoo sold around 34k shares on-market at roughly ₹1,316 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹1.4b more than they bought in the last 12 months.Recent Insider Transactions • Dec 01Insider recently sold ₹5.2m worth of stockOn the 28th of November, Neelagandan P G sold around 4k shares on-market at roughly ₹1,318 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹42m. Insiders have been net sellers, collectively disposing of ₹1.3b more than they bought in the last 12 months.Recent Insider Transactions • Nov 20Insider recently sold ₹2.9m worth of stockOn the 11th of November, Neelagandan P G sold around 2k shares on-market at roughly ₹1,428 per share. This transaction amounted to 7.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹42m. Insiders have been net sellers, collectively disposing of ₹1.3b more than they bought in the last 12 months.Recent Insider Transactions • Nov 16Insider recently sold ₹27m worth of stockOn the 8th of November, Rupinder Singh sold around 20k shares on-market at roughly ₹1,377 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹42m. Insiders have been net sellers, collectively disposing of ₹1.2b more than they bought in the last 12 months.Buy Or Sell Opportunity • Nov 01Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to ₹1,370. The fair value is estimated to be ₹1,134, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 84% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 32% in a year. Earnings are forecast to grow by 139% in the next year.Recent Insider Transactions • Oct 27Chief Human Resources Officer recently sold ₹7.8m worth of stockOn the 24th of October, Abhijat Mitra sold around 6k shares on-market at roughly ₹1,306 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹42m. Insiders have been net sellers, collectively disposing of ₹1.1b more than they bought in the last 12 months.New Risk • Oct 19New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (100% accrual ratio). Minor Risks Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Significant insider selling over the past 3 months (₹109m sold).New Risk • Oct 12New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Significant insider selling over the past 3 months (₹109m sold).Recent Insider Transactions • Sep 13Insider recently sold ₹2.7m worth of stockOn the 5th of September, Rupinder Singh sold around 2k shares on-market at roughly ₹1,335 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹14m. Insiders have been net sellers, collectively disposing of ₹994m more than they bought in the last 12 months.Recent Insider Transactions • Aug 31Insider recently sold ₹1.3m worth of stockOn the 26th of August, Gajendra Ranka sold around 1k shares on-market at roughly ₹1,282 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹38m. Insiders have been net sellers, collectively disposing of ₹1.1b more than they bought in the last 12 months.Recent Insider Transactions • Aug 23Insider recently sold ₹1.2m worth of stockOn the 14th of August, Gajendra Ranka sold around 1k shares on-market at roughly ₹1,198 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹38m. Insiders have been net sellers, collectively disposing of ₹1.2b more than they bought in the last 12 months.Reported Earnings • Jul 21First quarter 2025 earnings released: EPS: ₹4.54 (vs ₹1.56 loss in 1Q 2024)First quarter 2025 results: EPS: ₹4.54 (up from ₹1.56 loss in 1Q 2024). Revenue: ₹15.0b (up ₹13.1b from 1Q 2024). Net income: ₹774.8m (up ₹1.04b from 1Q 2024). Profit margin: 5.2% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 91% per year, which means it is well ahead of earnings.Recent Insider Transactions • Jun 15Insider recently sold ₹38m worth of stockOn the 7th of June, Parag Naik sold around 32k shares on-market at roughly ₹1,198 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹268m. Insiders have been net sellers, collectively disposing of ₹1.5b more than they bought in the last 12 months.공시 • Jun 08+ 3 more updatesTejas Networks Limited to Report Q3, 2025 Results on Jan 17, 2025Tejas Networks Limited announced that they will report Q3, 2025 results on Jan 17, 2025Recent Insider Transactions • May 21Insider recently sold ₹12m worth of stockOn the 13th of May, Neelagandan P G sold around 11k shares on-market at roughly ₹1,173 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹268m. Insiders have been net sellers, collectively disposing of ₹1.5b more than they bought in the last 12 months.Recent Insider Transactions • May 03Co-Founder recently sold ₹268m worth of stockOn the 29th of April, Arnob Roy sold around 247k shares on-market at roughly ₹1,084 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Arnob has been a net seller over the last 12 months, reducing personal holdings by ₹805m.New Risk • Apr 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (85% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Significant insider selling over the past 3 months (₹75m sold).공시 • Apr 23Tejas Networks Limited, Annual General Meeting, Jun 28, 2024Tejas Networks Limited, Annual General Meeting, Jun 28, 2024, at 15:00 Indian Standard Time.Reported Earnings • Apr 23Full year 2024 earnings released: EPS: ₹3.71 (vs ₹2.37 loss in FY 2023)Full year 2024 results: EPS: ₹3.71 (up from ₹2.37 loss in FY 2023). Revenue: ₹25.4b (up 175% from FY 2023). Net income: ₹629.8m (up ₹993.9m from FY 2023). Profit margin: 2.5% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 79% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Apr 22Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 22% to ₹907. The fair value is estimated to be ₹753, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has declined by 29%.Price Target Changed • Apr 14Price target decreased by 7.1% to ₹975Down from ₹1,050, the current price target is provided by 1 analyst. New target price is 24% above last closing price of ₹784. Stock is up 22% over the past year. The company posted a net loss per share of ₹2.37 last year.Recent Insider Transactions • Feb 22Co-Founder recently sold ₹75m worth of stockOn the 15th of February, Arnob Roy sold around 100k shares on-market at roughly ₹750 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Arnob has been a net seller over the last 12 months, reducing personal holdings by ₹640m.Reported Earnings • Jan 21Third quarter 2024 earnings released: ₹2.64 loss per share (vs ₹0.71 loss in 3Q 2023)Third quarter 2024 results: ₹2.64 loss per share (further deteriorated from ₹0.71 loss in 3Q 2023). Revenue: ₹5.75b (up 110% from 3Q 2023). Net loss: ₹448.7m (loss widened 312% from 3Q 2023). Revenue is forecast to grow 57% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 79% per year, which means it is well ahead of earnings.Recent Insider Transactions • Dec 13Co-Founder recently sold ₹42m worth of stockOn the 8th of December, Arnob Roy sold around 50k shares on-market at roughly ₹834 per share. This transaction amounted to 7.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Arnob has been a net seller over the last 12 months, reducing personal holdings by ₹565m.공시 • Oct 21Tejas Networks Limited Announces CFO ChangesTejas Networks Limited announced that Mr. Venkatesh Gadiyar, Chief Financial Officer of the Company has tendered his resignation vide the Letter of Resignation dated October 20, 2023 and the Board of Directors of the Company noted the same. Consequently, Mr. Venkatesh Gadiyar will cease to be Chief Financial Officer of the Company and will be relieved from the services of the Company with effect from close of business hours on November 30, 2023. The Board of Directors of the Company based on the recommendation of the Nomination and Remuneration Committee of the Board and as approved by the Audit Committee of the Board has appointed Mr. Sumit Dhingra as Chief Financial Officer of the Company with effect from December 1, 2023. The term of appointment shall commence from December 1, 2023 and continue till his resignation or him attaining the age of retirement as per Company's Internal Human Resource Policy, whichever is earlier. Experience of over 16 years in corporate finance, performance management,business planning, acquisitions, fund-raising, strategic analysis, and project management across a spectrum of industries. Currently working as Assistant Vice President in the Group CFO's Office at Tata Sons Private Limited. In the past, Sumit has also worked with Kotak Investment Banking and Everstone Capital. Mr. Sumit Dhingra is a MBA from Indian Institute of Management Calcutta & BE (CSC) from Delhi Institute of Technology.Recent Insider Transactions • Sep 13Co-Founder recently sold ₹23m worth of stockOn the 8th of September, Arnob Roy sold around 25k shares on-market at roughly ₹905 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹85m. Arnob has been a net seller over the last 12 months, reducing personal holdings by ₹455m.Recent Insider Transactions • Aug 20Co-Founder & CTO recently sold ₹17m worth of stockOn the 17th of August, Kumar Sivarajan sold around 19k shares on-market at roughly ₹856 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹43m. Kumar has been a net seller over the last 12 months, reducing personal holdings by ₹173m.공시 • Jul 23Tejas Networks Limited Announces Reconstitution of the Audit Committee with Effect from July 21, 2023Tejas Networks Limited announced reconstitution of the Audit Committee with effect from July 21, 2023. Composition of Audit Committee: Mr. Chandrashekhar Bhaskar Bhave - Chairperson; Mr. P R Ramesh - Member; Mr. A S Lakshminarayanan - Member; Prof. Bhaskar Ramamurthi - Member; Mrs. Alice G Vaidyan - Member.Reported Earnings • Jul 22First quarter 2024 earnings released: ₹1.56 loss per share (vs ₹0.45 loss in 1Q 2023)First quarter 2024 results: ₹1.56 loss per share (further deteriorated from ₹0.45 loss in 1Q 2023). Revenue: ₹2.07b (up 65% from 1Q 2023). Net loss: ₹262.9m (loss widened 296% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 150% per year, which means it is tracking significantly ahead of earnings growth.Recent Insider Transactions • Jun 13Co-Founder recently sold ₹43m worth of stockOn the 9th of June, Sanjay Nayak sold around 60k shares on-market at roughly ₹716 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹83m. Sanjay has been a net seller over the last 12 months, reducing personal holdings by ₹229m.Reported Earnings • Jun 04Full year 2023 earnings released: ₹2.37 loss per share (vs ₹5.97 loss in FY 2022)Full year 2023 results: ₹2.37 loss per share (improved from ₹5.97 loss in FY 2022). Revenue: ₹9.22b (up 67% from FY 2022). Net loss: ₹364.1m (loss narrowed 42% from FY 2022). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has increased by 153% per year, which means it is tracking significantly ahead of earnings growth.공시 • May 30+ 3 more updatesTejas Networks Limited to Report Q2, 2024 Results on Oct 20, 2023Tejas Networks Limited announced that they will report Q2, 2024 results on Oct 20, 2023Recent Insider Transactions • May 27Co-Founder recently sold ₹41m worth of stockOn the 23rd of May, Arnob Roy sold around 61k shares on-market at roughly ₹665 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹83m. Arnob has been a net seller over the last 12 months, reducing personal holdings by ₹359m.Recent Insider Transactions • May 17Co-Founder recently sold ₹83m worth of stockOn the 12th of May, Arnob Roy sold around 123k shares on-market at roughly ₹676 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Arnob has been a net seller over the last 12 months, reducing personal holdings by ₹319m.Recent Insider Transactions • May 01Co-Founder recently sold ₹20m worth of stockOn the 27th of April, Arnob Roy sold around 32k shares on-market at roughly ₹635 per share. This transaction amounted to 9.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Arnob has been a net seller over the last 12 months, reducing personal holdings by ₹153m.Reported Earnings • Apr 22Full year 2023 earnings released: ₹2.46 loss per share (vs ₹5.97 loss in FY 2022)Full year 2023 results: ₹2.46 loss per share (improved from ₹5.97 loss in FY 2022). Revenue: ₹10.0b (up 81% from FY 2022). Net loss: ₹364.1m (loss narrowed 42% from FY 2022). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has increased by 159% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Apr 06High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Additional Independent Non-Executive Director Alice Vaidyan was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 08Third quarter 2023 earnings released: ₹0.71 loss per share (vs ₹2.13 loss in 3Q 2022)Third quarter 2023 results: ₹0.71 loss per share (improved from ₹2.13 loss in 3Q 2022). Revenue: ₹2.96b (up 176% from 3Q 2022). Net loss: ₹108.8m (loss narrowed 55% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has increased by 95% per year, which means it is tracking significantly ahead of earnings growth.Recent Insider Transactions • Dec 11Insider recently sold ₹2.1m worth of stockOn the 6th of December, Neelagandan P G sold around 3k shares on-market at roughly ₹637 per share. This transaction amounted to 6.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹67m. Insiders have been net sellers, collectively disposing of ₹467m more than they bought in the last 12 months.Reported Earnings • Oct 22Second quarter 2023 earnings released: EPS: ₹0.07 (vs ₹0.37 in 2Q 2022)Second quarter 2023 results: EPS: ₹0.07 (down from ₹0.37 in 2Q 2022). Revenue: ₹2.40b (up 39% from 2Q 2022). Net income: ₹10.7m (down 71% from 2Q 2022). Profit margin: 0.4% (down from 2.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 108% per year, which means it is tracking significantly ahead of earnings growth.Recent Insider Transactions • Sep 16Insider recently sold ₹1.9m worth of stockOn the 9th of September, Neelagandan P G sold around 3k shares on-market at roughly ₹634 per share. This transaction amounted to 7.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹70m. Insiders have been net sellers, collectively disposing of ₹394m more than they bought in the last 12 months.Recent Insider Transactions • Sep 09Senior Vice President of Technology recently sold ₹10m worth of stockOn the 5th of September, Milind Kulkarni sold around 18k shares on-market at roughly ₹580 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹70m. Insiders have been net sellers, collectively disposing of ₹402m more than they bought in the last 12 months.공시 • Aug 21Tejas Networks Limited (BSE:540595) acquired remaining 35.6% in Saankhya Labs Pvt. Ltd. for INR 42.5 million.Tejas Networks Limited (BSE:540595) acquired remaining 35.6% in Saankhya Labs Pvt. Ltd. for INR 42.5 million on August 19, 2022. Tejas Networks Limited (BSE:540595) completed the acquisition of remaining 35.6% in Saankhya Labs Pvt. Ltd. on August 19, 2022.Recent Insider Transactions • Aug 21Co-Founder recently sold ₹47m worth of stockOn the 19th of August, Arnob Roy sold around 95k shares on-market at roughly ₹490 per share. This was the largest sale by an insider in the last 3 months. Arnob has been a seller over the last 12 months, reducing personal holdings by ₹49m.Recent Insider Transactions • Aug 14Co-Founder recently sold ₹2.5m worth of stockOn the 8th of August, Arnob Roy sold around 5k shares on-market at roughly ₹498 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹2.8m. This was Arnob's only on-market trade for the last 12 months.Recent Insider Transactions • Aug 10Insider recently sold ₹1.5m worth of stockOn the 3rd of August, K. Gowda sold around 3k shares on-market at roughly ₹484 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹2.8m. Insiders have been net sellers, collectively disposing of ₹180m more than they bought in the last 12 months.Reported Earnings • Jul 07Full year 2022 earnings released: ₹5.97 loss per share (vs ₹4.06 profit in FY 2021)Full year 2022 results: ₹5.97 loss per share (down from ₹4.06 profit in FY 2021). Revenue: ₹5.53b (up 4.8% from FY 2021). Net loss: ₹627.1m (down 267% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 51% per year, which means it is well ahead of earnings.공시 • Jul 05+ 2 more updatesTejas Networks Limited to Report Q2, 2023 Results on Oct 21, 2022Tejas Networks Limited announced that they will report Q2, 2023 results on Oct 21, 2022공시 • Jun 29Tejas Networks Limited, Annual General Meeting, Jul 26, 2022Tejas Networks Limited, Annual General Meeting, Jul 26, 2022, at 16:00 Indian Standard Time.공시 • Jun 28Tejas Networks Limited Announces Board ChangesTejas Networks announced the appointment of Prof. Bhaskar Ramamurthi and Mr. P. R. Ramesh as Independent (Additional) Directors with effect from June 27, 2022. These appointments are based on the recommendation of the Nomination and Remuneration Committee of the Board and is subject to the approval of shareholders. The company also announced that Dr. Gururaj Deshpande, who has been a Board member of Tejas Networks since its inception in year 2000, has resigned from his present position as a Non-Executive Director with effect from June 28, 2022. Prof. Bhaskar Ramamurthi was the Director of IIT Madras from 2011 to 2022. An alumnus of IIT Madras and the University of California, Santa Barbara, Prof. Bhaskar is a Fellow of Indian National Academy of Engineering (INAE) as well as IEEE, and has won several awards for his world-class research in electronics and communications engineering. Prof. Ramamurthi is an honorary Director of the Centre of Excellence in Wireless Technology (CEWiT), a public-private initiative at the IIT-M Research Park and has also served on the Board of Oil India Limited (OIL) and Bharat Electronics Limited (BEL). Mr. P. R. Ramesh was the Chairman of Deloitte India and has over 40 years of experience in the profession, having served as a member of Deloitte Global Board and Deloitte Asia Pacific Board. Mr. Ramesh is a Fellow Member of the Institute of Chartered Accountants of India (ICAI) and has also been associated with various Regulatory and Industry Bodies. He has extensive experience working with clients in manufacturing, banking and financial services, technology, media, telecommunications, energy and resources and consumer business sectors throughout his professional career.Recent Insider Transactions • Jun 22Head of Investor Relations recently sold ₹1.0m worth of stockOn the 14th of June, Santosh Kesavan sold around 2k shares on-market at roughly ₹454 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹2.8m. Insiders have been net sellers, collectively disposing of ₹797m more than they bought in the last 12 months.Recent Insider Transactions • Jun 11Insider recently sold ₹2.8m worth of stockOn the 6th of June, Milind Kulkarni sold around 6k shares on-market at roughly ₹466 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹793m more than they bought in the last 12 months.Reported Earnings • Apr 27Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: ₹5.97 loss per share (down from ₹4.06 profit in FY 2021). Revenue: ₹5.51b (up 4.3% from FY 2021). Net loss: ₹627.1m (down 267% from profit in FY 2021). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings.공시 • Apr 23Tejas Networks Limited Announces Board ChangesTejas Networks Limited at its board meeting held on April 22, 2022 appointed N. Ganapathy Subramaniam as Non-Executive Chairman of the Board, with effect from May 18, 2022. Mr. N. Ganapathy Subramaniam is the Chief Operating Officer (COO) and Executive Director (ED) of Tata Consultancy Services (TCS) since February 2017 and is also a Director and Chairman of Tata Elxsi Limited since November, 2014. Mr. Balakrishnan V has resigned from the position of the Non-Executive Chairman and Independent Director with effect from April 23, 2022.공시 • Apr 16Tejas Networks Limited Announces Board AppointmentsTejas Networks Limited announced that the shareholders of the company have approved through Postal Ballot on April 15, 2022 the following: the appointment of N. Ganapathy Subramaniam as Non-Independent and Non-Executive Director, liable to retire by rotation, of the Company and as Nominee Director of Panatone Finvest Limited. The appointment of A. S. Lakshminarayanan as Non-Independent and Non-Executive Director, liable to retire by rotation, of the Company and as Nominee Director of Panatone Finvest Limited. N. Ganapathy Subramaniam is the Chief Operating Officer and Executive Director of Tata Consultancy Services since February 2017 and is also a Director and Chairman of Tata Elxsi Limited since November, 2014. A. S. Lakshminarayanan has over 35 years of experience in a broad range of leadership roles across regions and industries. Prior to joining Tata Communications, A. S. Lakshminarayanan was President and CEO of Tata Consultancy Services Japan Ltd.Reported Earnings • Jan 21Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: ₹2.13 loss per share (down from ₹1.00 profit in 3Q 2021). Revenue: ₹1.07b (down 21% from 3Q 2021). Net loss: ₹243.0m (down 363% from profit in 3Q 2021). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings.Recent Insider Transactions • Dec 17Insider recently sold ₹40m worth of stockOn the 13th of December, Govindan Kutty sold around 102k shares on-market at roughly ₹392 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹835m more than they bought in the last 12 months.Reported Earnings • Oct 22Second quarter 2022 earnings released: EPS ₹0.37 (vs ₹0.49 in 2Q 2021)The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹1.73b (up 57% from 2Q 2021). Net income: ₹36.6m (down 19% from 2Q 2021). Profit margin: 2.1% (down from 4.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.공시 • Sep 09Tejas Networks Limited announced that it has received INR 8.375000049 billion in funding from Panatone Finvest Ltd.On September 8, 2021, Tejas Networks Limited closed the transaction pursuant to Regulation 30 of the Securities Exchange Board of India. The allotment was done pursuant to the payment of the subscription amounts for the subscription shares, the Series A Warrants and the Series B Warrants.Valuation Update With 7 Day Price Move • Sep 08Investor sentiment improved over the past weekAfter last week's 19% share price gain to ₹428, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 25x in the Communications industry in Asia. Total returns to shareholders of 39% over the past three years.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: TEJASNET 10년 미만 동안 배당금을 지급해 왔으며 이 기간 동안 지급액은 휘발성이었습니다.배당금 증가: TEJASNET 의 배당금 지급이 증가했지만 회사는 7 년 동안만 배당금을 지급했습니다.배당 수익률 vs 시장Tejas Networks 배당 수익률 vs 시장TEJASNET의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (TEJASNET)0.5%시장 하위 25% (IN)0.3%시장 상위 25% (IN)1.5%업계 평균 (Communications)0.4%분석가 예측 (TEJASNET) (최대 3년)n/a주목할만한 배당금: TEJASNET 의 배당금( 0.54% )은 Indian 시장에서 배당금 지급자의 하위 25%( 0.3% )보다 높습니다.고배당: TEJASNET 의 배당금( 0.54% )은 Indian 시장에서 배당금 지급자의 상위 25%( 1.5% )와 비교해 낮습니다.주주 대상 이익 배당수익 보장: 낮은 배당금 지급 비율 (9.7%)로 인해 TEJASNET의 배당금 지급은 수익으로 충분히 충당됩니다.주주 현금 배당현금 흐름 범위: TEJASNET 배당금을 지급하고 있지만 회사에는 잉여현금흐름이 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YIN 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 18:50종가2026/05/21 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Tejas Networks Limited는 6명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Pankaj KaduAxis Capital LimitedKameswari V. S. ChavaliFirstCall ResearchSaji JohnGeojit Financial Services Ltd.3명의 분석가 더 보기
Upcoming Dividend • Jun 12Upcoming dividend of ₹2.50 per shareEligible shareholders must have bought the stock before 19 June 2025. Payment date: 27 July 2025. Payout ratio is a comfortable 9.7% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.2%). In line with average of industry peers (0.3%).
공시 • Apr 26Tejas Networks Limited announces Annual dividend, payable on July 27, 2025Tejas Networks Limited announced Annual dividend of INR 2.5000 per share payable on July 27, 2025, ex-date on June 19, 2025 and record date on June 19, 2025.
공시 • May 08Tejas Networks Limited, Annual General Meeting, Jun 26, 2026Tejas Networks Limited, Annual General Meeting, Jun 26, 2026.
New Risk • Apr 16New major risk - Revenue and earnings growthEarnings have declined by 22% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 22% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Apr 16Full year 2026 earnings released: ₹51.35 loss per share (vs ₹25.75 profit in FY 2025)Full year 2026 results: ₹51.35 loss per share (down from ₹25.75 profit in FY 2025). Revenue: ₹11.4b (down 87% from FY 2025). Net loss: ₹9.09b (down 304% from profit in FY 2025). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
공시 • Apr 10Tejas Networks Limited to Report Fiscal Year 2026 Results on Apr 15, 2026Tejas Networks Limited announced that they will report fiscal year 2026 results on Apr 15, 2026
공시 • Mar 04Tejas Networks Limited Launches Hyper-Scalable Data Center Interconnect PlatformTejas Networks announced the launch of TJ1600-D3, its next-generation, versatile WDM (Wavelength Division Multiplexing) optical transport product which is purpose-built to meet the surging demand for terabit-scale data center interconnections worldwide. The product was unveiled at Mobile World Congress (MWC) 2026, Barcelona, Spain. TJ1600-D3 is powered by the latest DSPs (Digital Signal Processors) and chipsets, engineered for operators and enterprises demanding extreme capacity, carrier-grade reliability, and best-in-class energy efficiency. It supports a range of performance-optimized and power-optimized traffic sleds, with flexible line rates from 400G to 1.2T per wavelength and scaling up to 51.2 Tbps of shelf capacity. Redundant controllers, fans, and power modules combined with universal AC/DC power compatibility ensure that TJ1600-D3 delivers highly resilient services in an optimized 3-RU form factor.
New Risk • Jan 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change).
Reported Earnings • Jan 11Third quarter 2026 earnings released: ₹11.09 loss per share (vs ₹9.44 profit in 3Q 2025)Third quarter 2026 results: ₹11.09 loss per share (down from ₹9.44 profit in 3Q 2025). Revenue: ₹3.14b (down 88% from 3Q 2025). Net loss: ₹1.97b (down 219% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 10% per year.
공시 • Jan 02Tejas Networks Limited to Report Q3, 2026 Results on Jan 09, 2026Tejas Networks Limited announced that they will report Q3, 2026 results at 12:08 PM, Indian Standard Time on Jan 09, 2026
Reported Earnings • Oct 19Second quarter 2026 earnings released: ₹17.38 loss per share (vs ₹16.06 profit in 2Q 2025)Second quarter 2026 results: ₹17.38 loss per share (down from ₹16.06 profit in 2Q 2025). Revenue: ₹2.62b (down 91% from 2Q 2025). Net loss: ₹3.07b (down 212% from profit in 2Q 2025). Revenue is forecast to stay flat during the next 2 years compared to a 22% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
공시 • Oct 10Tejas Networks Limited to Report Q2, 2026 Results on Oct 17, 2025Tejas Networks Limited announced that they will report Q2, 2026 results at 12:08 PM, Indian Standard Time on Oct 17, 2025
Reported Earnings • Jul 16First quarter 2026 earnings released: ₹10.99 loss per share (vs ₹4.54 profit in 1Q 2025)First quarter 2026 results: ₹10.99 loss per share (down from ₹4.54 profit in 1Q 2025). Revenue: ₹2.12b (down 86% from 1Q 2025). Net loss: ₹1.94b (down 350% from profit in 1Q 2025). Revenue is expected to decline by 27% p.a. on average during the next 2 years, while revenues in the Communications industry in Asia are expected to grow by 18%. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
공시 • Jul 09Tejas Networks Limited to Report Q1, 2026 Results on Jul 14, 2025Tejas Networks Limited announced that they will report Q1, 2026 results at 12:08 PM, Indian Standard Time on Jul 14, 2025
Upcoming Dividend • Jun 12Upcoming dividend of ₹2.50 per shareEligible shareholders must have bought the stock before 19 June 2025. Payment date: 27 July 2025. Payout ratio is a comfortable 9.7% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.2%). In line with average of industry peers (0.3%).
Reported Earnings • Jun 08Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ₹25.75 (up from ₹3.71 in FY 2024). Revenue: ₹89.2b (up 261% from FY 2024). Net income: ₹4.47b (up ₹3.84b from FY 2024). Profit margin: 5.0% (up from 2.5% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 55%. Revenue is expected to decline by 36% p.a. on average during the next 2 years, while revenues in the Communications industry in Asia are expected to grow by 18%. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 02Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₹705, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 25x in the Communications industry in Asia. Total returns to shareholders of 61% over the past three years.
공시 • Apr 28Tejas Networks Limited, Annual General Meeting, Jun 27, 2025Tejas Networks Limited, Annual General Meeting, Jun 27, 2025, at 15:00 Indian Standard Time.
New Risk • Apr 27New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 30% per year for the foreseeable future. High level of non-cash earnings (30% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (₹560m sold).
Reported Earnings • Apr 26Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ₹25.75 (up from ₹3.71 in FY 2024). Revenue: ₹89.7b (up 263% from FY 2024). Net income: ₹4.47b (up ₹3.84b from FY 2024). Profit margin: 5.0% (up from 2.5% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 55%. Revenue is expected to decline by 36% p.a. on average during the next 2 years, while revenues in the Communications industry in Asia are expected to grow by 18%. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
공시 • Apr 26Tejas Networks Limited announces Annual dividend, payable on July 27, 2025Tejas Networks Limited announced Annual dividend of INR 2.5000 per share payable on July 27, 2025, ex-date on June 19, 2025 and record date on June 19, 2025.
Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₹800, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 32x in the Communications industry in Asia. Total returns to shareholders of 108% over the past three years.
Recent Insider Transactions • Feb 21Insider recently sold ₹52m worth of stockOn the 12th of February, Vishwakumara Kayargadde sold around 64k shares on-market at roughly ₹816 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹91m. Insiders have been net sellers, collectively disposing of ₹1.8b more than they bought in the last 12 months.
Recent Insider Transactions • Feb 12Insider recently sold ₹89m worth of stockOn the 6th of February, Vishwakumara Kayargadde sold around 100k shares on-market at roughly ₹882 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹1.7b more than they bought in the last 12 months.
Recent Insider Transactions • Feb 04Insider recently sold ₹56m worth of stockOn the 28th of January, Vishwakumara Kayargadde sold around 62k shares on-market at roughly ₹898 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹1.5b more than they bought in the last 12 months.
Valuation Update With 7 Day Price Move • Jan 30Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to ₹866, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 37x in the Communications industry in India. Total returns to shareholders of 85% over the past three years.
New Risk • Jan 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Significant insider selling over the past 3 months (₹347m sold).
Reported Earnings • Jan 24Third quarter 2025 earnings released: EPS: ₹9.44 (vs ₹2.64 loss in 3Q 2024)Third quarter 2025 results: EPS: ₹9.44 (up from ₹2.64 loss in 3Q 2024). Revenue: ₹26.6b (up 374% from 3Q 2024). Net income: ₹1.66b (up ₹2.11b from 3Q 2024). Profit margin: 6.2% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.
공시 • Jan 24Tejas Networks Limited Appoints Sanjay Malik as EVP - Chief Strategy and Business OfficerTejas Networks Limited appointed Sanjay Malik, former India Country Head of Nokia, as EVP - Chief Strategy and Business Officer. In this role, Sanjay will work with the CEO and the senior management team at Tejas to drive the overall corporate strategy, business management and engagement with various stakeholders including government, customers and partners across India and International markets. Sanjay Malik has extensive experience in the global telecom industry. In his long stint at Nokia spanning over two decades, Sanjay served in a variety of senior leadership roles across strategy, sales, business management and operational execution both in India and globally. Most recently, for nearly eight years, he held the position of SVP and India Country Head and led Nokia India to market leadership position in the country. Sanjay holds a post-graduate degree (MBA) from IIM, Mumbai and has also completed various Executive Leadership Programs in his professional career.
Recent Insider Transactions • Dec 18Insider recently sold ₹45m worth of stockOn the 13th of December, Sunil Handoo sold around 34k shares on-market at roughly ₹1,316 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹1.4b more than they bought in the last 12 months.
Recent Insider Transactions • Dec 01Insider recently sold ₹5.2m worth of stockOn the 28th of November, Neelagandan P G sold around 4k shares on-market at roughly ₹1,318 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹42m. Insiders have been net sellers, collectively disposing of ₹1.3b more than they bought in the last 12 months.
Recent Insider Transactions • Nov 20Insider recently sold ₹2.9m worth of stockOn the 11th of November, Neelagandan P G sold around 2k shares on-market at roughly ₹1,428 per share. This transaction amounted to 7.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹42m. Insiders have been net sellers, collectively disposing of ₹1.3b more than they bought in the last 12 months.
Recent Insider Transactions • Nov 16Insider recently sold ₹27m worth of stockOn the 8th of November, Rupinder Singh sold around 20k shares on-market at roughly ₹1,377 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹42m. Insiders have been net sellers, collectively disposing of ₹1.2b more than they bought in the last 12 months.
Buy Or Sell Opportunity • Nov 01Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to ₹1,370. The fair value is estimated to be ₹1,134, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 84% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 32% in a year. Earnings are forecast to grow by 139% in the next year.
Recent Insider Transactions • Oct 27Chief Human Resources Officer recently sold ₹7.8m worth of stockOn the 24th of October, Abhijat Mitra sold around 6k shares on-market at roughly ₹1,306 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹42m. Insiders have been net sellers, collectively disposing of ₹1.1b more than they bought in the last 12 months.
New Risk • Oct 19New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (100% accrual ratio). Minor Risks Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Significant insider selling over the past 3 months (₹109m sold).
New Risk • Oct 12New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Significant insider selling over the past 3 months (₹109m sold).
Recent Insider Transactions • Sep 13Insider recently sold ₹2.7m worth of stockOn the 5th of September, Rupinder Singh sold around 2k shares on-market at roughly ₹1,335 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹14m. Insiders have been net sellers, collectively disposing of ₹994m more than they bought in the last 12 months.
Recent Insider Transactions • Aug 31Insider recently sold ₹1.3m worth of stockOn the 26th of August, Gajendra Ranka sold around 1k shares on-market at roughly ₹1,282 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹38m. Insiders have been net sellers, collectively disposing of ₹1.1b more than they bought in the last 12 months.
Recent Insider Transactions • Aug 23Insider recently sold ₹1.2m worth of stockOn the 14th of August, Gajendra Ranka sold around 1k shares on-market at roughly ₹1,198 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹38m. Insiders have been net sellers, collectively disposing of ₹1.2b more than they bought in the last 12 months.
Reported Earnings • Jul 21First quarter 2025 earnings released: EPS: ₹4.54 (vs ₹1.56 loss in 1Q 2024)First quarter 2025 results: EPS: ₹4.54 (up from ₹1.56 loss in 1Q 2024). Revenue: ₹15.0b (up ₹13.1b from 1Q 2024). Net income: ₹774.8m (up ₹1.04b from 1Q 2024). Profit margin: 5.2% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 91% per year, which means it is well ahead of earnings.
Recent Insider Transactions • Jun 15Insider recently sold ₹38m worth of stockOn the 7th of June, Parag Naik sold around 32k shares on-market at roughly ₹1,198 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹268m. Insiders have been net sellers, collectively disposing of ₹1.5b more than they bought in the last 12 months.
공시 • Jun 08+ 3 more updatesTejas Networks Limited to Report Q3, 2025 Results on Jan 17, 2025Tejas Networks Limited announced that they will report Q3, 2025 results on Jan 17, 2025
Recent Insider Transactions • May 21Insider recently sold ₹12m worth of stockOn the 13th of May, Neelagandan P G sold around 11k shares on-market at roughly ₹1,173 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹268m. Insiders have been net sellers, collectively disposing of ₹1.5b more than they bought in the last 12 months.
Recent Insider Transactions • May 03Co-Founder recently sold ₹268m worth of stockOn the 29th of April, Arnob Roy sold around 247k shares on-market at roughly ₹1,084 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Arnob has been a net seller over the last 12 months, reducing personal holdings by ₹805m.
New Risk • Apr 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (85% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Significant insider selling over the past 3 months (₹75m sold).
공시 • Apr 23Tejas Networks Limited, Annual General Meeting, Jun 28, 2024Tejas Networks Limited, Annual General Meeting, Jun 28, 2024, at 15:00 Indian Standard Time.
Reported Earnings • Apr 23Full year 2024 earnings released: EPS: ₹3.71 (vs ₹2.37 loss in FY 2023)Full year 2024 results: EPS: ₹3.71 (up from ₹2.37 loss in FY 2023). Revenue: ₹25.4b (up 175% from FY 2023). Net income: ₹629.8m (up ₹993.9m from FY 2023). Profit margin: 2.5% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 79% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Apr 22Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 22% to ₹907. The fair value is estimated to be ₹753, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has declined by 29%.
Price Target Changed • Apr 14Price target decreased by 7.1% to ₹975Down from ₹1,050, the current price target is provided by 1 analyst. New target price is 24% above last closing price of ₹784. Stock is up 22% over the past year. The company posted a net loss per share of ₹2.37 last year.
Recent Insider Transactions • Feb 22Co-Founder recently sold ₹75m worth of stockOn the 15th of February, Arnob Roy sold around 100k shares on-market at roughly ₹750 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Arnob has been a net seller over the last 12 months, reducing personal holdings by ₹640m.
Reported Earnings • Jan 21Third quarter 2024 earnings released: ₹2.64 loss per share (vs ₹0.71 loss in 3Q 2023)Third quarter 2024 results: ₹2.64 loss per share (further deteriorated from ₹0.71 loss in 3Q 2023). Revenue: ₹5.75b (up 110% from 3Q 2023). Net loss: ₹448.7m (loss widened 312% from 3Q 2023). Revenue is forecast to grow 57% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 79% per year, which means it is well ahead of earnings.
Recent Insider Transactions • Dec 13Co-Founder recently sold ₹42m worth of stockOn the 8th of December, Arnob Roy sold around 50k shares on-market at roughly ₹834 per share. This transaction amounted to 7.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Arnob has been a net seller over the last 12 months, reducing personal holdings by ₹565m.
공시 • Oct 21Tejas Networks Limited Announces CFO ChangesTejas Networks Limited announced that Mr. Venkatesh Gadiyar, Chief Financial Officer of the Company has tendered his resignation vide the Letter of Resignation dated October 20, 2023 and the Board of Directors of the Company noted the same. Consequently, Mr. Venkatesh Gadiyar will cease to be Chief Financial Officer of the Company and will be relieved from the services of the Company with effect from close of business hours on November 30, 2023. The Board of Directors of the Company based on the recommendation of the Nomination and Remuneration Committee of the Board and as approved by the Audit Committee of the Board has appointed Mr. Sumit Dhingra as Chief Financial Officer of the Company with effect from December 1, 2023. The term of appointment shall commence from December 1, 2023 and continue till his resignation or him attaining the age of retirement as per Company's Internal Human Resource Policy, whichever is earlier. Experience of over 16 years in corporate finance, performance management,business planning, acquisitions, fund-raising, strategic analysis, and project management across a spectrum of industries. Currently working as Assistant Vice President in the Group CFO's Office at Tata Sons Private Limited. In the past, Sumit has also worked with Kotak Investment Banking and Everstone Capital. Mr. Sumit Dhingra is a MBA from Indian Institute of Management Calcutta & BE (CSC) from Delhi Institute of Technology.
Recent Insider Transactions • Sep 13Co-Founder recently sold ₹23m worth of stockOn the 8th of September, Arnob Roy sold around 25k shares on-market at roughly ₹905 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹85m. Arnob has been a net seller over the last 12 months, reducing personal holdings by ₹455m.
Recent Insider Transactions • Aug 20Co-Founder & CTO recently sold ₹17m worth of stockOn the 17th of August, Kumar Sivarajan sold around 19k shares on-market at roughly ₹856 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹43m. Kumar has been a net seller over the last 12 months, reducing personal holdings by ₹173m.
공시 • Jul 23Tejas Networks Limited Announces Reconstitution of the Audit Committee with Effect from July 21, 2023Tejas Networks Limited announced reconstitution of the Audit Committee with effect from July 21, 2023. Composition of Audit Committee: Mr. Chandrashekhar Bhaskar Bhave - Chairperson; Mr. P R Ramesh - Member; Mr. A S Lakshminarayanan - Member; Prof. Bhaskar Ramamurthi - Member; Mrs. Alice G Vaidyan - Member.
Reported Earnings • Jul 22First quarter 2024 earnings released: ₹1.56 loss per share (vs ₹0.45 loss in 1Q 2023)First quarter 2024 results: ₹1.56 loss per share (further deteriorated from ₹0.45 loss in 1Q 2023). Revenue: ₹2.07b (up 65% from 1Q 2023). Net loss: ₹262.9m (loss widened 296% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 150% per year, which means it is tracking significantly ahead of earnings growth.
Recent Insider Transactions • Jun 13Co-Founder recently sold ₹43m worth of stockOn the 9th of June, Sanjay Nayak sold around 60k shares on-market at roughly ₹716 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹83m. Sanjay has been a net seller over the last 12 months, reducing personal holdings by ₹229m.
Reported Earnings • Jun 04Full year 2023 earnings released: ₹2.37 loss per share (vs ₹5.97 loss in FY 2022)Full year 2023 results: ₹2.37 loss per share (improved from ₹5.97 loss in FY 2022). Revenue: ₹9.22b (up 67% from FY 2022). Net loss: ₹364.1m (loss narrowed 42% from FY 2022). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has increased by 153% per year, which means it is tracking significantly ahead of earnings growth.
공시 • May 30+ 3 more updatesTejas Networks Limited to Report Q2, 2024 Results on Oct 20, 2023Tejas Networks Limited announced that they will report Q2, 2024 results on Oct 20, 2023
Recent Insider Transactions • May 27Co-Founder recently sold ₹41m worth of stockOn the 23rd of May, Arnob Roy sold around 61k shares on-market at roughly ₹665 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹83m. Arnob has been a net seller over the last 12 months, reducing personal holdings by ₹359m.
Recent Insider Transactions • May 17Co-Founder recently sold ₹83m worth of stockOn the 12th of May, Arnob Roy sold around 123k shares on-market at roughly ₹676 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Arnob has been a net seller over the last 12 months, reducing personal holdings by ₹319m.
Recent Insider Transactions • May 01Co-Founder recently sold ₹20m worth of stockOn the 27th of April, Arnob Roy sold around 32k shares on-market at roughly ₹635 per share. This transaction amounted to 9.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Arnob has been a net seller over the last 12 months, reducing personal holdings by ₹153m.
Reported Earnings • Apr 22Full year 2023 earnings released: ₹2.46 loss per share (vs ₹5.97 loss in FY 2022)Full year 2023 results: ₹2.46 loss per share (improved from ₹5.97 loss in FY 2022). Revenue: ₹10.0b (up 81% from FY 2022). Net loss: ₹364.1m (loss narrowed 42% from FY 2022). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has increased by 159% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Apr 06High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Additional Independent Non-Executive Director Alice Vaidyan was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 08Third quarter 2023 earnings released: ₹0.71 loss per share (vs ₹2.13 loss in 3Q 2022)Third quarter 2023 results: ₹0.71 loss per share (improved from ₹2.13 loss in 3Q 2022). Revenue: ₹2.96b (up 176% from 3Q 2022). Net loss: ₹108.8m (loss narrowed 55% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has increased by 95% per year, which means it is tracking significantly ahead of earnings growth.
Recent Insider Transactions • Dec 11Insider recently sold ₹2.1m worth of stockOn the 6th of December, Neelagandan P G sold around 3k shares on-market at roughly ₹637 per share. This transaction amounted to 6.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹67m. Insiders have been net sellers, collectively disposing of ₹467m more than they bought in the last 12 months.
Reported Earnings • Oct 22Second quarter 2023 earnings released: EPS: ₹0.07 (vs ₹0.37 in 2Q 2022)Second quarter 2023 results: EPS: ₹0.07 (down from ₹0.37 in 2Q 2022). Revenue: ₹2.40b (up 39% from 2Q 2022). Net income: ₹10.7m (down 71% from 2Q 2022). Profit margin: 0.4% (down from 2.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 108% per year, which means it is tracking significantly ahead of earnings growth.
Recent Insider Transactions • Sep 16Insider recently sold ₹1.9m worth of stockOn the 9th of September, Neelagandan P G sold around 3k shares on-market at roughly ₹634 per share. This transaction amounted to 7.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹70m. Insiders have been net sellers, collectively disposing of ₹394m more than they bought in the last 12 months.
Recent Insider Transactions • Sep 09Senior Vice President of Technology recently sold ₹10m worth of stockOn the 5th of September, Milind Kulkarni sold around 18k shares on-market at roughly ₹580 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹70m. Insiders have been net sellers, collectively disposing of ₹402m more than they bought in the last 12 months.
공시 • Aug 21Tejas Networks Limited (BSE:540595) acquired remaining 35.6% in Saankhya Labs Pvt. Ltd. for INR 42.5 million.Tejas Networks Limited (BSE:540595) acquired remaining 35.6% in Saankhya Labs Pvt. Ltd. for INR 42.5 million on August 19, 2022. Tejas Networks Limited (BSE:540595) completed the acquisition of remaining 35.6% in Saankhya Labs Pvt. Ltd. on August 19, 2022.
Recent Insider Transactions • Aug 21Co-Founder recently sold ₹47m worth of stockOn the 19th of August, Arnob Roy sold around 95k shares on-market at roughly ₹490 per share. This was the largest sale by an insider in the last 3 months. Arnob has been a seller over the last 12 months, reducing personal holdings by ₹49m.
Recent Insider Transactions • Aug 14Co-Founder recently sold ₹2.5m worth of stockOn the 8th of August, Arnob Roy sold around 5k shares on-market at roughly ₹498 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹2.8m. This was Arnob's only on-market trade for the last 12 months.
Recent Insider Transactions • Aug 10Insider recently sold ₹1.5m worth of stockOn the 3rd of August, K. Gowda sold around 3k shares on-market at roughly ₹484 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹2.8m. Insiders have been net sellers, collectively disposing of ₹180m more than they bought in the last 12 months.
Reported Earnings • Jul 07Full year 2022 earnings released: ₹5.97 loss per share (vs ₹4.06 profit in FY 2021)Full year 2022 results: ₹5.97 loss per share (down from ₹4.06 profit in FY 2021). Revenue: ₹5.53b (up 4.8% from FY 2021). Net loss: ₹627.1m (down 267% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 51% per year, which means it is well ahead of earnings.
공시 • Jul 05+ 2 more updatesTejas Networks Limited to Report Q2, 2023 Results on Oct 21, 2022Tejas Networks Limited announced that they will report Q2, 2023 results on Oct 21, 2022
공시 • Jun 29Tejas Networks Limited, Annual General Meeting, Jul 26, 2022Tejas Networks Limited, Annual General Meeting, Jul 26, 2022, at 16:00 Indian Standard Time.
공시 • Jun 28Tejas Networks Limited Announces Board ChangesTejas Networks announced the appointment of Prof. Bhaskar Ramamurthi and Mr. P. R. Ramesh as Independent (Additional) Directors with effect from June 27, 2022. These appointments are based on the recommendation of the Nomination and Remuneration Committee of the Board and is subject to the approval of shareholders. The company also announced that Dr. Gururaj Deshpande, who has been a Board member of Tejas Networks since its inception in year 2000, has resigned from his present position as a Non-Executive Director with effect from June 28, 2022. Prof. Bhaskar Ramamurthi was the Director of IIT Madras from 2011 to 2022. An alumnus of IIT Madras and the University of California, Santa Barbara, Prof. Bhaskar is a Fellow of Indian National Academy of Engineering (INAE) as well as IEEE, and has won several awards for his world-class research in electronics and communications engineering. Prof. Ramamurthi is an honorary Director of the Centre of Excellence in Wireless Technology (CEWiT), a public-private initiative at the IIT-M Research Park and has also served on the Board of Oil India Limited (OIL) and Bharat Electronics Limited (BEL). Mr. P. R. Ramesh was the Chairman of Deloitte India and has over 40 years of experience in the profession, having served as a member of Deloitte Global Board and Deloitte Asia Pacific Board. Mr. Ramesh is a Fellow Member of the Institute of Chartered Accountants of India (ICAI) and has also been associated with various Regulatory and Industry Bodies. He has extensive experience working with clients in manufacturing, banking and financial services, technology, media, telecommunications, energy and resources and consumer business sectors throughout his professional career.
Recent Insider Transactions • Jun 22Head of Investor Relations recently sold ₹1.0m worth of stockOn the 14th of June, Santosh Kesavan sold around 2k shares on-market at roughly ₹454 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹2.8m. Insiders have been net sellers, collectively disposing of ₹797m more than they bought in the last 12 months.
Recent Insider Transactions • Jun 11Insider recently sold ₹2.8m worth of stockOn the 6th of June, Milind Kulkarni sold around 6k shares on-market at roughly ₹466 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹793m more than they bought in the last 12 months.
Reported Earnings • Apr 27Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: ₹5.97 loss per share (down from ₹4.06 profit in FY 2021). Revenue: ₹5.51b (up 4.3% from FY 2021). Net loss: ₹627.1m (down 267% from profit in FY 2021). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings.
공시 • Apr 23Tejas Networks Limited Announces Board ChangesTejas Networks Limited at its board meeting held on April 22, 2022 appointed N. Ganapathy Subramaniam as Non-Executive Chairman of the Board, with effect from May 18, 2022. Mr. N. Ganapathy Subramaniam is the Chief Operating Officer (COO) and Executive Director (ED) of Tata Consultancy Services (TCS) since February 2017 and is also a Director and Chairman of Tata Elxsi Limited since November, 2014. Mr. Balakrishnan V has resigned from the position of the Non-Executive Chairman and Independent Director with effect from April 23, 2022.
공시 • Apr 16Tejas Networks Limited Announces Board AppointmentsTejas Networks Limited announced that the shareholders of the company have approved through Postal Ballot on April 15, 2022 the following: the appointment of N. Ganapathy Subramaniam as Non-Independent and Non-Executive Director, liable to retire by rotation, of the Company and as Nominee Director of Panatone Finvest Limited. The appointment of A. S. Lakshminarayanan as Non-Independent and Non-Executive Director, liable to retire by rotation, of the Company and as Nominee Director of Panatone Finvest Limited. N. Ganapathy Subramaniam is the Chief Operating Officer and Executive Director of Tata Consultancy Services since February 2017 and is also a Director and Chairman of Tata Elxsi Limited since November, 2014. A. S. Lakshminarayanan has over 35 years of experience in a broad range of leadership roles across regions and industries. Prior to joining Tata Communications, A. S. Lakshminarayanan was President and CEO of Tata Consultancy Services Japan Ltd.
Reported Earnings • Jan 21Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: ₹2.13 loss per share (down from ₹1.00 profit in 3Q 2021). Revenue: ₹1.07b (down 21% from 3Q 2021). Net loss: ₹243.0m (down 363% from profit in 3Q 2021). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings.
Recent Insider Transactions • Dec 17Insider recently sold ₹40m worth of stockOn the 13th of December, Govindan Kutty sold around 102k shares on-market at roughly ₹392 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹835m more than they bought in the last 12 months.
Reported Earnings • Oct 22Second quarter 2022 earnings released: EPS ₹0.37 (vs ₹0.49 in 2Q 2021)The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹1.73b (up 57% from 2Q 2021). Net income: ₹36.6m (down 19% from 2Q 2021). Profit margin: 2.1% (down from 4.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.
공시 • Sep 09Tejas Networks Limited announced that it has received INR 8.375000049 billion in funding from Panatone Finvest Ltd.On September 8, 2021, Tejas Networks Limited closed the transaction pursuant to Regulation 30 of the Securities Exchange Board of India. The allotment was done pursuant to the payment of the subscription amounts for the subscription shares, the Series A Warrants and the Series B Warrants.
Valuation Update With 7 Day Price Move • Sep 08Investor sentiment improved over the past weekAfter last week's 19% share price gain to ₹428, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 25x in the Communications industry in Asia. Total returns to shareholders of 39% over the past three years.