Tejas Networks Ltd

₹ 634 2.53%
25 Nov - close price
About

Tejas Networks Ltd is a global R&D-driven telecom equipment company headquartered in India. It designs, develops and manufactures high-performance optical and data networking products that are used by telecom service providers, utilities, government and defense networks.[1]

Key Points

Product Portfolio
Wireline products: Optical Transmission, Broadband Access, Secured Ethernet/IP Switches.
Wireless products: 4G RAN (Radio Access Network) for Fixed as well as Mobile broadband; 5G O-RAN, 5G Direct-to-Mobile (D2M) Broadcast and Satellite IoT[1]

  • Market Cap 9,644 Cr.
  • Current Price 634
  • High / Low 773 / 360
  • Stock P/E
  • Book Value 174
  • Dividend Yield 0.00 %
  • ROCE -8.23 %
  • ROE -4.60 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 3.64 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -8.84% over past five years.
  • Company has a low return on equity of -7.25% over last 3 years.
  • Company has high debtors of 189 days.

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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
87.42 86.66 54.57 80.11 110.06 134.88 201.55 144.25 172.78 107.06 126.50 125.76 219.94
81.03 86.60 172.66 79.49 100.78 121.26 171.57 126.64 154.44 135.36 214.61 133.08 198.40
Operating Profit 6.39 0.06 -118.09 0.62 9.28 13.62 29.98 17.61 18.34 -28.30 -88.11 -7.32 21.54
OPM % 7.31% 0.07% -216.40% 0.77% 8.43% 10.10% 14.87% 12.21% 10.61% -26.43% -69.65% -5.82% 9.79%
6.89 6.19 13.52 4.34 8.11 8.55 3.85 8.38 4.17 16.39 14.36 18.69 20.05
Interest 2.51 0.70 1.07 0.94 1.02 0.88 0.86 1.26 0.90 0.78 0.25 0.94 4.87
Depreciation 18.24 20.33 20.89 13.78 11.84 12.06 14.44 16.39 18.28 20.22 21.89 23.37 25.82
Profit before tax -7.47 -14.78 -126.53 -9.76 4.53 9.23 18.53 8.34 3.33 -32.91 -95.89 -12.94 10.90
Tax % 41.37% -658.19% 0.00% 0.00% 0.00% 0.00% -81.06% 9.47% -9.91% 26.16% 48.25% 48.69% 90.18%
Net Profit -4.38 -112.06 -126.53 -9.76 4.53 9.23 33.55 7.55 3.66 -24.30 -49.62 -6.64 1.07
EPS in Rs -0.48 -12.16 -13.72 -1.06 0.49 0.99 3.60 0.81 0.32 -2.13 -4.33 -0.44 0.07
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
201 369 423 387 627 875 750 900 391 527 551 579
216 322 328 319 514 711 597 704 478 473 631 681
Operating Profit -14 47 95 68 113 164 153 196 -87 53 -80 -102
OPM % -7% 13% 22% 18% 18% 19% 20% 22% -22% 10% -15% -18%
7 -42 10 10 4 -22 28 37 34 25 43 69
Interest 40 36 46 47 49 32 13 17 8 4 3 7
Depreciation 45 48 56 49 38 56 61 66 77 52 77 91
Profit before tax -93 -79 3 -18 29 54 106 150 -139 23 -117 -131
Tax % 0% -0% 0% 0% 0% -73% -0% 2% -71% -67% 46%
Net Profit -93 -79 3 -18 29 93 107 147 -237 38 -63 -79
EPS in Rs -15.94 -13.56 0.48 -3.07 4.59 13.15 11.73 16.05 -25.71 4.03 -5.47 -6.83
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 6% 0% 0% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: -9%
3 Years: -15%
TTM: -11%
Compounded Profit Growth
10 Years: 3%
5 Years: %
3 Years: %
TTM: -247%
Stock Price CAGR
10 Years: %
5 Years: 10%
3 Years: 85%
1 Year: 36%
Return on Equity
10 Years: 1%
5 Years: 0%
3 Years: -7%
Last Year: -5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
62 101 101 126 67 74 94 95 95 97 118 155
Reserves 299 220 223 206 294 519 1,058 1,225 985 1,038 1,475 2,493
221 222 268 250 259 281 2 1 28 22 20 57
59 152 193 210 219 160 175 264 132 156 498 431
Total Liabilities 640 656 745 728 838 1,034 1,330 1,585 1,241 1,312 2,110 3,136
111 77 65 51 94 92 75 99 79 111 138 621
CWIP 75 71 84 88 52 19 47 41 27 24 40 4
Investments 16 0 0 0 0 0 77 87 51 37 402 309
438 508 597 589 692 924 1,132 1,358 1,085 1,139 1,531 2,202
Total Assets 640 656 745 728 838 1,034 1,330 1,585 1,241 1,312 2,110 3,136

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
34 25 27 76 127 150 239 -82 1 158 -17
-38 -0 -74 -29 -50 -140 -213 -104 71 -167 -828
-15 8 15 -40 -41 -28 157 -11 -22 -3 839
Net Cash Flow -19 34 -32 8 37 -18 183 -197 50 -13 -6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 143 136 193 196 148 160 134 252 351 236 189
Inventory Days 715 340 341 405 238 129 179 143 452 290 327
Days Payable 153 164 225 252 205 77 98 129 134 125 131
Cash Conversion Cycle 705 312 309 349 181 212 215 266 669 401 384
Working Capital Days 560 287 289 318 182 179 256 304 585 388 558
ROCE % 2% 9% 5% 13% 16% 12% 13% -11% 2% -8%

Shareholding Pattern

Numbers in percentages

10 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 37.32 37.17 52.40 52.20
21.92 22.52 21.77 21.06 21.14 21.27 20.32 14.48 14.24 14.01 10.33 10.84
17.20 18.97 15.21 11.18 8.38 7.60 7.38 5.70 5.25 5.21 3.99 4.14
60.88 58.51 63.02 67.76 70.48 71.13 72.30 79.82 43.19 43.60 33.27 32.82

Documents

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