Tejas Networks Ltd

About [ edit ]

Tejas Networks is an optical and data networking products company that designs, develops and manufactures high-performance and future-ready products for building high-speed communication networks that carry voice, data and video traffic from fixed line, mobile and broadband networks.

  • Market Cap 1,631 Cr.
  • Current Price 175
  • High / Low 222 / 28.5
  • Stock P/E 43.4
  • Book Value 122
  • Dividend Yield 0.00 %
  • ROCE 2.34 %
  • ROE 3.39 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of -3.44% over past five years.
  • Company has a low return on equity of -1.69% for last 3 years.
  • Earnings include an other income of Rs.24.85 Cr.
  • Dividend payout has been low at 2.15% of profits over last 3 years
  • Company has high debtors of 236.38 days.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
236 207 184 273 162 87 87 55 80 110 135 202
173 162 148 220 138 81 87 173 79 101 121 172
Operating Profit 63 45 36 53 24 6 0 -118 1 9 14 30
OPM % 27% 22% 20% 19% 15% 7% 0% -216% 1% 8% 10% 15%
Other Income 10 11 9 7 7 7 6 14 4 8 9 4
Interest 3 4 5 5 3 3 1 1 1 1 1 1
Depreciation 17 15 16 17 18 18 20 21 14 12 12 14
Profit before tax 52 36 25 37 10 -7 -15 -127 -10 5 9 19
Tax % 13% 8% -32% 3% 43% 41% -658% 0% 0% 0% 0% -81%
Net Profit 45 33 33 36 6 -4 -112 -127 -10 5 9 34
EPS in Rs 4.95 3.66 3.59 3.91 0.64 -0.48 -12.16 -13.72 -1.06 0.49 0.99 3.60

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
201 369 423 387 627 875 750 900 391 527
216 322 328 318 514 711 597 704 478 473
Operating Profit -14 47 95 69 113 164 153 196 -87 53
OPM % -7% 13% 22% 18% 18% 19% 20% 22% -22% 10%
Other Income 7 -42 10 9 4 -22 28 37 34 25
Interest 40 36 46 47 49 32 13 17 8 4
Depreciation 45 48 56 49 38 56 61 66 77 52
Profit before tax -93 -79 3 -18 29 54 106 150 -139 23
Tax % 0% -0% 0% 0% 0% -73% -0% 2% -71% -67%
Net Profit -93 -79 3 -18 29 93 107 147 -237 38
EPS in Rs -15.94 -13.56 0.48 -3.07 4.59 13.15 11.73 16.05 -25.71 4.03
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 6% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:-3%
3 Years:-11%
TTM:35%
Compounded Profit Growth
10 Years:%
5 Years:5%
3 Years:-29%
TTM:116%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-18%
1 Year:433%
Return on Equity
10 Years:%
5 Years:3%
3 Years:-2%
Last Year:3%

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
62 101 101 126 67 74 94 95 95 97
Reserves 299 220 223 206 294 519 1,058 1,225 985 1,038
Borrowings 221 222 268 250 259 281 2 1 0 22
59 152 193 210 219 160 175 264 160 156
Total Liabilities 640 656 745 728 838 1,034 1,330 1,585 1,241 1,312
111 77 65 51 94 92 75 99 79 136
CWIP 75 71 84 88 52 19 47 41 27 0
Investments 16 0 0 0 0 0 77 87 51 37
438 508 597 589 692 924 1,132 1,358 1,085 1,139
Total Assets 640 656 745 728 838 1,034 1,330 1,585 1,241 1,312

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
34 25 27 76 127 150 239 -82 1 158
-38 -0 -74 -29 -50 -140 -213 -104 71 -167
-15 8 15 -40 -41 -28 157 -11 -22 -3
Net Cash Flow -19 34 -32 8 37 -18 183 -197 50 -13

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
ROCE % 2% 9% 5% 13% 16% 12% 13% -11% 2%
Debtor Days 143 136 193 196 148 160 134 252 351 236
Inventory Turnover 1.04 1.07 0.94 1.59 2.50 2.12 2.52 0.96 1.15

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
19.06 24.33 24.83 25.06 26.29 21.77 21.92 22.52 21.77 21.06 21.14 21.27
8.92 9.75 11.71 12.41 12.70 17.16 17.20 18.97 15.21 11.18 8.38 7.60
72.02 65.92 63.46 62.53 61.01 61.07 60.88 58.51 63.02 67.76 70.48 71.13

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