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Tejas Networks Limited (TEJASNET) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Tejas Networks Limited stock ₹319, price ₹419, that is 23.8% below the price, quality 16 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Technology IN · ISIN INE010J01012

TN Tejas Networks Limited logo Thin data Nov 10, 2026

Tejas Networks Limited

TEJASNET · BSE
Weak valuation

Our calculation puts a fair price 24% below what the stock costs today.

Low debt
Expensive Growth (revenue 5y +15.8 %/yr in INR)
Fair value ₹318.73 · Overvalued
Quality 16/100
Loss-making · -56.5% net margin (TTM)
Negative free cash flow
Narrow moat 14/100
Thin data
Estimate
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

₹1,446 ₹183.24 Fair Value ₹318.73 Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range ₹183.24 – ₹1,446 · fair‑value band ₹239.04 – ₹398.41 · the ₹418.50 price screens above the ₹318.73 fair value. As of Nov 10, 2026.

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Company profile

Tejas Networks Limited designs, manufactures, and sells wireless and wireline networking products in India and internationally.

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It offers TJ1400eNodeB ultra flex, that combines fiber broadband, mobile broadband, high-speed Ethernet, and packet optical transport technologies in single platform; TJ1620W, a Macro eNodeB solution; and TJ6003W, a rack mountable server platform.

The company also provides TJ1400-1 OLT, a pizza box GPON OLT that provides broadband solutions; TJ1400 OLT, a GPON/XGS-PON solution for FTTH and FTTB services with various end-user ONT devices; and TJ2100N ONT, for optical access networks deployed in fiber-to-the-home and fiber-to-the-building formats.

In addition, it offers enterprise ethernet switches, such as TJ1400P-M1 portfolio of Layer2+ switches; TJ1400P M3 and TJ1400P M2 switching products optimized for LAN and metro applications; TJ1400P-4X series access routers; and TJ1400, an aggregation/core service router.

Further, the company provides TJ1400, a broadband designed for the delivery of mobile backhaul, broadband access, enterprise, and network modernization; TJ1600, an optical transport platform that enables support of applications and services, including mobile backhaul networks, business connectivity, and broadband and access infrastructure; and TJ1270 MSPP, a multi-service provisioning platform.

In addition, it offers TJ1400P for edge and access applications and TJI400PTN for access and aggregation applications. Additionally, it provides TJ1600 Micro-OTN compact platform; TJ1600 OTN/DWDM; TJ1600 Core Switch; and TJ5500 a network management system.

It sells its products to telecommunications service providers, internet service providers, web-scale internet companies, utility companies, defense companies, and government entities.

The company was formerly known as Tejas Networks India Limited and changed its name to Tejas Networks Limited in March 2008. Tejas Networks Limited was incorporated in 2000 and is headquartered in Bengaluru, India.

Stock analysis

Tejas Networks Limited (TEJASNET) currently trades at ₹418.50, while our estimate is ₹318.73, 24% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: ₹239.04 (bear) to ₹398.41 (bull), the price of ₹418.50 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 16/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Tejas Networks Limited reported revenue of ₹11.0B in FY2026 versus ₹5.5B in FY2022, a compound +18.8%/yr. Reported net income was −₹9.1B in FY2026.

Key figures

Market cap ₹74.3B (≈ $791M) · P/S ratio 4.93 · EPS (TTM) ₹−45.99 · Net margin −56.5% · Return on equity −27.9% · Return on assets (EBIT) −2.3% (5-year average) · Operating margin −48.8% · Revenue (TTM) ₹14.5B.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (medium confidence).

What moves the price

The share trades about 34% below its 52-week high and 41% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −48% fair-value upside, at −24%, TEJASNET screens cheaper than that median.

Fair Value

Bear ₹239.04 Fair Value ₹318.73 Bull ₹398.41
Price ₹418.50 · Downside -23.8%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 16/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 0
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 19
Debt, balance sheet and risk of trouble
Investment 41
Does it invest with discipline instead of growing at any price?
Low Volatility 53
How calm the share price moves, does not count
Price momentum 25
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 25
Distance to the 52-week high, does not count
New shares 53
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−87.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.8%
Start year 2021 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.9%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
0.8% (2021) → −97.7% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

TEJASNET screens overvalued: fair value 24% below the price. Compare with Cisco Systems, Inc →

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Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Communication Equipment stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Cisco Systems, Inc CSCO $98.15 $108.52 +11% vs TEJASNET
Ubiquiti Inc UI $685.94 $754.25 +10% vs TEJASNET
Eoptolink Technology Inc 300502 ¥183.80 ¥193.60 +5% vs TEJASNET
Zhongji Innolight Co 300308 ¥471.00 ¥342.18 −27% vs TEJASNET
Nokia Oyj NOKIA €7.44 €3.87 −48% vs TEJASNET
Motorola Solutions, Inc MSI $527.38 $249.63 −53% vs TEJASNET
Foxconn Industrial Internet Co 601138 ¥43.18 ¥13.93 −68% vs TEJASNET
Yangtze Optical Fibre And Cable Joint Stock Limited 601869 ¥252.33 ¥59.92 −76% vs TEJASNET
Ciena Corporation CIEN $272.10 $50.06 −82% vs TEJASNET
Lumentum Holdings LITE $585.57 $85.88 −85% vs TEJASNET

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Frequently asked questions

Is Tejas Networks Limited (TEJASNET) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is ₹318.73 versus a price of ₹418.50, about 24% lower (overvalued).
What is the fair value of TEJASNET?
Our estimate for Tejas Networks Limited is ₹318.73 (as of Nov 10, 2026), built from audited fundamentals. The current price: ₹418.50.
What is the quality score of TEJASNET?
Tejas Networks Limited has a Quality Score of 16/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Tejas Networks Limited (TEJASNET)?
Our calculated price target is the estimate of ₹318.73 (as of Nov 10, 2026). Cautious scenario ₹239.04, optimistic scenario ₹398.41. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Tejas Networks Limited stock forecast for 2026?
Our estimate puts fair value at ₹318.73, about 24% lower versus a price of ₹418.50 (overvalued). Cautious scenario ₹239.04, optimistic scenario ₹398.41. The calculation is refreshed regularly with new filings.
What is the revenue of Tejas Networks Limited (TEJASNET)?
Tejas Networks Limited reported trailing-twelve-month revenue of about ₹14.5B (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Tejas Networks Limited (TEJASNET)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tejas Networks Limited it is ₹318.73 per share (as of Nov 10, 2026), against a price of ₹418.50.
Is Tejas Networks Limited stock overvalued or undervalued in 2026?
As of Nov 10, 2026, TEJASNET trades above its calculated fair value: price ₹418.50, fair value ₹318.73, a gap of about −24% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TEJASNET?
No. The price is what the market pays today (₹418.50); the fair value is what the company's own numbers justify (₹318.73). For Tejas Networks Limited the two are ₹99.77 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tejas Networks Limited worth?
The market values Tejas Networks Limited at about ₹74.3B (market capitalisation, as of Nov 10, 2026). Per share that is ₹418.50; our models calculate a fair value of ₹318.73 per share.
What do the bullish and bearish scenarios say about TEJASNET?
Our models span a range for Tejas Networks Limited: cautious scenario ₹239.04, base ₹318.73, optimistic ₹398.41 per share (as of Nov 10, 2026, price ₹418.50). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is TEJASNET from its 52-week high?
Tejas Networks Limited trades at ₹418.50, about 34% below its 52-week high of ₹632.70 and 41% above the low of ₹296.45 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹318.73 is for.
Which stocks are comparable to Tejas Networks Limited?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Motorola Solutions, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Tejas Networks Limited stock attractive at the current price?
The data as of Nov 10, 2026: price ₹418.50, calculated fair value ₹318.73 (−24%), Quality Score 16/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Tejas Networks Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Tejas Networks Limited (TEJASNET)?
The closing price on Nov 9, 2026 was ₹418.50. Our estimate is ₹318.73, about 24% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tejas Networks Limited right now?
The price sits above even our optimistic bull case (₹398.41). The favourable scenario is already priced in. Weak quality (16/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Tejas Networks Limited

How large is the market capitalisation of Tejas Networks Limited (TEJASNET)?
The market capitalisation of Tejas Networks Limited is ₹74.3B (≈ $791M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Tejas Networks Limited (TEJASNET)?
The price-to-sales ratio of Tejas Networks Limited is 4.93 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Tejas Networks Limited (TEJASNET)?
Earnings per share at Tejas Networks Limited are ₹−45.99. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Tejas Networks Limited (TEJASNET)?
The net margin of Tejas Networks Limited is −56.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Tejas Networks Limited (TEJASNET)?
The return on equity (ROE) of Tejas Networks Limited is −27.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Tejas Networks Limited (TEJASNET)?
On an EBIT basis the return on assets of Tejas Networks Limited is −2.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Tejas Networks Limited (TEJASNET)?
The operating margin of Tejas Networks Limited is −48.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tejas Networks Limited (TEJASNET)?
Revenue at Tejas Networks Limited is growing +54.9% versus a year earlier (3y avg +6.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Tejas Networks Limited (TEJASNET) generate?
The free cash flow of Tejas Networks Limited is −₹7.5B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Tejas Networks Limited (TEJASNET) carry?
The net debt of Tejas Networks Limited is ₹39.3B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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