Tejas Networks

Quick check

The five things to look at first. Open one for more.

• DebtAdequate safetyRated A+ by ICRA.
• ResultsLoss-makingLost ₹207 Cr in the Sep 2026 quarter, a smaller loss than a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 53% of the company, about the same as in Sep 2025.
• ValuationNormal for this stockThe share trades at 60.6 times its yearly earnings (P/E), cheaper than 51% of the time in the last 4 years. Its usual P/E is about 25.

Tejas Networks against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)60.6 against a typical 43.6: pricier than most peers (1st = cheapest).10th of 13
• Sales growth+55% against a typical +40.6% from a year earlier.5th of 13
• Share price, 3 months−20.8% against a typical +10.7%.13th of 13
• Size₹ 7,300.7 Cr. market value against a typical ₹ 845.1 Cr. (1st = largest).3rd of 13

Exchange filings and their impact on the company.

• 22 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesHigh impactPositivePrice −3.9% on 23 Oct
  Q2 revenue up 55% yoy and order book jumped to Rs 2,315 cr on BSNL 4G expansion, guiding stronger revenue and lower debt and inventory.

  Tejas Networks reported Q2 FY27 revenue of Rs 406 cr, up 55% from Rs 262 cr a year ago, with net loss narrowing to Rs 207 cr from Rs 307 cr. Order book jumped to Rs 2,315 cr from Rs 1,529 cr in Q1 after the LOI for 18,685 BSNL 4G expansion sites, with initial shipments started. Management said executing the BSNL order will drive revenue visibility, sharply cut Rs 2,314 cr inventory and Rs 4,384 cr net debt, and move the company toward quarterly positive EBITDA and eventual profitability.

  Full analysisFiling
• 16 Oct 2026Outcome of Board MeetingMedium impactPositivePrice −4.5% on 19 Oct
  Q2 FY27 results signal continued recovery from FY26 trough with higher sales run-rate and narrowing losses.

  Tejas Networks board on October 16, 2026 approved the unaudited standalone and consolidated results for the quarter and half-year ended September 30, 2026. The filing confirms the Q2 FY27 results update following Q1 sales of Rs 402 cr and a net loss of Rs 202 cr. It points to a continued recovery from the FY26 trough, with revenue run-rate improving and losses narrowing, though debt and working capital remain elevated.

  Full analysisFiling
• 8 Oct 2026Press ReleaseLow impactPositivePrice −3.3% that day
  Tejas and Qualcomm demoed future 6G sensing tech with no order or revenue yet.

  Tejas Networks and Qualcomm Technologies jointly demonstrated 6G Integrated Sensing and Communications technology at India Mobile Congress 2026. The demo used Tejas 5G base stations with Qualcomm radio and distributed-unit chipsets to show drone, vehicle and infrastructure tracking on live networks. It is a technology showcase with no order value disclosed, so it aids long-term 6G positioning but adds no meaningful revenue in the next 12 months.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Arnob Roy

Chief Executive Officer, Managing Director, Executive Director

Avs Prasad

Chief Financial Officer

Preetham Uthaiah

Chief Operating Officer

Asha Ranjan Mathews

Chief Human Resources Officer

Sanjay Malik

Executive Vice President, Chief Strategy and Business Officer

Kumar N. Sivarajan

Chief Technology Officer

Anantha Murthy N

Compliance Officer, Company Secretary, Associate Vice President, Secretarial Team