TEJASNET
Tejas Networks share price & financials
- Price
- ₹538.9
- Market cap
- ₹9.2k Cr
- Sector
- Telecommunication
- Calls analysed
- 5
Tejas Networks Limited Q1 FY27
What went well
- Revenue of ₹402 crores, a 20% quarter-on-quarter increase compared to Q4 FY26.
- Profit after tax improved slightly, and order book saw a small growth.
- Secured first significant international 5G customer win in Europe and a commercial win for end-to-end 5G network deployment in South America.
What to watch
- PBT remained negative at ₹271 crores, though an improvement from negative ₹281 crores in Q4 FY26.
- Net receivables increased from ₹1,905 crores to ₹2,232 crores, primarily due to increased shipments.
What Tejas Networks Limited does
Tejas Networks, founded in 2000, is an R&D-driven telecom and networking equipment company that designs, manufactures and sells wireline and wireless network hardware and software - 4G/5G radio access network (RAN) gear, optical transmission (DWDM/OTN) and switching/routing systems, fibre broadband access equipment, and satellite-IoT/broadcast (D2M) solutions. It earns by supplying these products and related network-management software/services to telecom operators, internet service providers, utilities, defense/government networks and enterprises in India and overseas, including large government programmes such as BharatNet and BSNL's 4G/5G rollout.
Segments
- Wireless
- Wireline
- Countries served
- 75+
- Customer networks powered
- 500+
- Systems shipped (cumulative)
- 1+ million
- Employees
- 2,229
- Employees in R&D
- ~68%
- Global patents filed / granted
- 676 filed, of which 371 granted
Guidance record · Q1 FY27
what the last two calls moved 10 tracked 2 delivered 1 missed 7 open- CEO Appointment went quiet said Q3 FY26 Promised: At some point of time soon, there will be a CEO appointment. Q1 FY27: No update on CEO appointment in the Q1 FY27 call summary.
- BSNL 4G Expansion Order delayed said Q1 FY26 Promised: Receive ~₹1,500 crores order 'shortly' and execute within FY26. Q1 FY27: The order for an additional 26,000 sites is in the final stages of conclusion and is expected to materialize very soon, probably in Q2 FY27.
- Trade Receivables delivered said Q1 FY26 Promised: Reasonable reduction over the next couple of quarters through the year from ₹4,453 crores. Q4 FY26: Ended the year at ₹3,258 crores, a 27% reduction from Q1.
All 10 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 99.0%, net profit down 4.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,811 | 2,642 | 1,907 | 202 | 262 −91% | 307 −88% | 333 −83% | 402 +99% |
| EBITDA | 535 | 372 | 122 | -136 | -294 −155% | -134 −136% | -118 −197% | -100 +26% |
| Net profit | 275 | 166 | -72 | -194 | -307 −212% | -197 −219% | -211 −193% | -202 −4% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −6.5% 1Y
1Y: ₹591 on 10 Sept 2025 → ₹552.65. High ₹632.35 (19 Jun 2026), low ₹296.15 (27 Jan 2026).
How the price took the results
close before → close after
- Q1 FY27
- −3.7%
- 28 Jul
- Q4 FY26
- +1.6%
- 15 Apr
- Q3 FY26
- −5.6%
- 9 Jan
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 6.3% a year over 3 years, FY23 to FY26. Operating margin narrowed to -61.8%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹920 Cr | ₹2.5k Cr | ₹8.9k Cr | ₹1.1k Cr |
| Operating profit | ₹15 Cr | ₹268 Cr | ₹1.3k Cr | ₹-682 Cr |
| Operating margin | 1.6% | 10.8% | 14.1% | -61.8% |
| Interest | ₹16 Cr | ₹51 Cr | ₹252 Cr | ₹303 Cr |
| Depreciation | ₹122 Cr | ₹182 Cr | ₹353 Cr | ₹402 Cr |
| Net profit | ₹-36 Cr | ₹63 Cr | ₹446 Cr | ₹-909 Cr |
| Net margin | -3.9% | 2.5% | 5.0% | -82.3% |
| ROCE | -1.0% | 4.0% | 15.0% | -15.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹97 Cr | ₹118 Cr | ₹172 Cr | ₹174 Cr | ₹180 Cr | ₹181 Cr |
| Reserves | ₹1.0k Cr | ₹1.8k Cr | ₹2.8k Cr | ₹3.0k Cr | ₹3.1k Cr | ₹2.8k Cr |
| Borrowings | ₹22 Cr | ₹20 Cr | ₹50 Cr | ₹1.9k Cr | ₹4.3k Cr | ₹4.2k Cr |
| Other liabilities | ₹156 Cr | ₹160 Cr | ₹579 Cr | ₹3.2k Cr | ₹2.3k Cr | ₹2.3k Cr |
| Total liabilities | ₹1.3k Cr | ₹2.1k Cr | ₹3.6k Cr | ₹8.2k Cr | ₹9.9k Cr | ₹9.4k Cr |
| Fixed assets | ₹111 Cr | ₹138 Cr | ₹647 Cr | ₹961 Cr | ₹1.9k Cr | ₹1.1k Cr |
| Capital work in progress | ₹24 Cr | ₹40 Cr | ₹154 Cr | ₹235 Cr | ₹1 Cr | ₹950 Cr |
| Investments | ₹37 Cr | ₹402 Cr | ₹262 Cr | ₹334 Cr | ₹351 Cr | ₹365 Cr |
| Other assets | ₹1.1k Cr | ₹1.5k Cr | ₹2.5k Cr | ₹6.7k Cr | ₹7.6k Cr | ₹7.0k Cr |
| Total assets | ₹1.3k Cr | ₹2.1k Cr | ₹3.6k Cr | ₹8.2k Cr | ₹9.9k Cr | ₹9.4k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +1.74 pp while DIIs trimmed −0.68 pp.
- Promoters
- 53.3%
- FIIs
- 5.8%
- DIIs
- 4.0%
- Public
- 36.7%
- Others
- 0.1%
Since Jun 2025
- Public +1.74 pp
- DIIs −0.68 pp
- Promoters −0.40 pp
How it drifted, 12 quarters
Over this window the public went from 28.9% to 36.7% — +7.8 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 55.9%, FIIs 11.1%, DIIs 4.0%, Public 28.9%.Dec '23: Promoters 55.8%, FIIs 11.3%, DIIs 4.3%, Public 28.6%.Mar '24: Promoters 55.6%, FIIs 11.3%, DIIs 4.8%, Public 28.3%.Jun '24: Promoters 55.5%, FIIs 10.2%, DIIs 4.9%, Public 29.4%.Sep '24: Promoters 55.4%, FIIs 9.6%, DIIs 4.8%, Public 30.2%.Dec '24: Promoters 54.0%, FIIs 8.0%, DIIs 4.7%, Public 32.6%, Others 0.6%.Mar '25: Promoters 53.8%, FIIs 7.1%, DIIs 4.8%, Government 0.0%, Public 33.6%, Others 0.6%.Jun '25: Promoters 53.7%, FIIs 6.1%, DIIs 4.7%, Government 0.0%, Public 34.9%, Others 0.5%.Sep '25: Promoters 53.7%, FIIs 6.2%, DIIs 4.8%, Government 0.0%, Public 34.9%, Others 0.4%.Dec '25: Promoters 53.5%, FIIs 6.0%, DIIs 4.8%, Public 35.6%, Others 0.2%.Mar '26: Promoters 53.4%, FIIs 5.3%, DIIs 4.3%, Public 36.9%, Others 0.1%.Jun '26: Promoters 53.3%, FIIs 5.8%, DIIs 4.0%, Public 36.7%, Others 0.1%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- TComm Turkey Dijital Çözümler Limited Şirketi newly disclosed 0.00% held
The same filing shows 2 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Tejas Networks Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Panatone Finvest Limited | 53.33% | −0.07 pp |
| Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund Mutual fund | 2.89% | −0.43 pp |
| Akashastha Technologies Private Limited | 0.00% | unchanged |
| Oasis Smart E-Sim Pte Ltd | 0.00% | unchanged |
| OASIS Smart SIM Europe SAS | 0.00% | unchanged |
| SEPCO Communications (Pty) Limited | 0.00% | unchanged |
| Solutions Infini FZ LLC | 0.00% | unchanged |
| Tata Communications (America) Inc. | 0.00% | unchanged |
| Tata Communications (Australia) Pty Limited | 0.00% | unchanged |
| Tata Communications (Beijing) Technology Limited | 0.00% | unchanged |
| Tata Communications (Belgium) Srl | 0.00% | unchanged |
| Tata Communications (Brazil) Participacoes Limitada | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in TEJASNET
Filings to Aug 2026
0 new, 4 added, 1 trimmed, 0 sold out — net +0.02 L shares (+0.0%).
- Held by funds
- ₹293 Cr
- 6 schemes
- Biggest holder
- Nippon India Small Cap Fund
- ₹280 Cr · 0.3% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹280 Cr | held | Jun '17 |
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹7 Cr | +0.02 L | Sep '22 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹4 Cr | +0.01 L | Oct '22 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.00 L | Sep '24 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | −0.00 L | Sep '24 |
| SBI Nifty Small Cap 250 ETF SBI Mutual Fund | ₹0 Cr | +0.00 L | May '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
4 added, 1 trimmed — net +2,361 shares (+0.0%)
- Funds are sitting on
- +159%
- vs est. average cost
- Held by funds
- ₹293 Cr
- 6 schemes · ≈ 3.1% of the company
- Biggest holder
- Nippon India Small Cap Fund
- ₹280 Cr · 0.3% of that fund
Shares held by these funds −10%
Aug '23 52.26 L shares Jul '26
All earnings calls (4)
Read the Q1 FY27 call →Learn to analyse Tejas Networks Limited
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