Introduction: Tejas Networks Share Price Target
Tejas Networks Ltd is a homegrown telecom and networking equipment company that has gained strong attention due to its strategic partnerships, government support, and a booming telecom market. With the backing of the Tata Group, it’s emerging as a key player in India’s ambitions for self-reliance in telecom infrastructure.
As India pushes 5G and digital infrastructure, is Tejas Networks your next big stock bet? Let’s break it down.
📊 Current Fundamental Analysis
| Parameter | Details (As of March 2025) |
|---|---|
| Current Market Price (NSE) | ₹842.65 |
| 52-Week High / Low | ₹1495 / ₹646.55 |
| Market Cap | ₹14,800 Cr+ |
| P/E Ratio | 33.31 |
| Book Value | ₹211 |
| Promoter Holding | 52.45% (Tata Sons via Panatone Finvest) |
| Public Holding | ~37.5% |
| Debt-to-Equity Ratio | 0.78 |
| ROE / ROCE | 12.22% |
| Dividend Yield | 0% (No dividends yet) |
| Sector | Telecom Equipment & Optical Networking |
🚀 Future Projects & Growth Strategy
Tejas Networks is rapidly evolving from a niche hardware company to a full-fledged telecom solutions provider. Here are the key drivers:
- Backed by Tata Group: Tata Sons holds a majority stake, giving Tejas financial muscle and strategic direction.
- 5G Opportunity: Tejas is working closely with Tata Consultancy Services (TCS) and BSNL to deploy indigenous 4G/5G equipment.
- Global Expansion: The company has acquired Saankhya Labs, strengthening its wireless, satellite, and broadcast capabilities.
- PLI Scheme Benefits: Eligible under India’s Production-Linked Incentive (PLI) scheme for telecom, boosting manufacturing and margins.
- R&D Focus: Nearly 50% of employees are in R&D. It’s one of the few Indian companies with full-stack telecom IPs.
- Exports: Expanding aggressively into Africa, Southeast Asia, and Latin America.
⚠️ Future Risks & Challenges
- Consistent Losses: Despite revenue growth, Tejas is still reporting losses. Profitability is a key risk.
- Global Competition: Competing with giants like Nokia, Ericsson, and Huawei is tough, especially in global markets.
- Execution Risk: Large projects like BSNL 4G rollout have long gestation periods and face delays.
- Geopolitical Dependence: Export growth depends on favorable global conditions.
- Tech Evolution Pace: Fast-changing telecom tech requires constant innovation and huge R&D spends.
📉 Short-Term Prediction
🏦 Big Funds, Banks, and Brokerage Views
- ICICI Securities: Bullish on revenue growth due to government orders but cautious about margins.
- Motilal Oswal: “Tejas is a play on India’s telecom indigenization push. Long-term story remains intact.”
- Retail Investor Sentiment: Highly positive, fueled by Tata brand and 5G narrative.
📈 Market Sentiment & Investor Outlook
- Strong demand due to “Make in India” narrative.
- Upcoming order announcements may trigger short-term rallies.
🎯 Short-Term Share Price Targets
| Target Type | Price Range |
|---|---|
| Bullish Target | ₹1,050 – ₹1,150 |
| Bearish Target | ₹720 – ₹770 |
📈 Long-Term Prediction
🏦 Big Funds, Banks, and Brokerage Firms’ Views
- HDFC Securities: Tejas is positioned for long-term growth as global demand for optical and wireless tech increases.
- JM Financial: “We expect Tejas to break even in FY26 and post profits by FY27.”
- CLSA: Long-term multibagger potential if execution stays on track.
📈 Market Sentiment & Investor Outlook
- If Tejas can turn profitable and continue growing its international business, it could emerge as a strong mid-cap tech stock by 2030.
🎯 Long-Term Share Price Targets
| Target Type | Price Range |
|---|---|
| Bullish Target | ₹1,800 – ₹2,300 |
| Bearish Target | ₹1,050 – ₹1,200 |
📊 Financial Growth Analysis
| Metric | Latest Reported (FY24) |
|---|---|
| Revenue | ₹1,341 Cr (YoY growth ~80%) |
| EBITDA | ₹41 Cr (Positive turnaround) |
| Net Profit | ₹-41 Cr (Net loss, improved from ₹-63 Cr) |
| EPS | Negative (loss-making) |
| Order Book | ₹3,000+ Cr (Majority from BSNL) |
| Export Revenue Contribution | ~28% |
✅ Conclusion: Should You Invest in Tejas Networks?
Tejas Networks is no ordinary mid-cap—its association with the Tata Group, 5G opportunity, and global ambition make it a unique play in the telecom space. While it is still in an investment-heavy phase and currently posting losses, its revenue growth and market positioning look promising.
If you’re a long-term investor willing to take calculated risks for potentially high rewards, Tejas Networks could become a future multibagger. However, if you seek near-term safety and profitability, you might want to wait until it turns profitable.
🛑 Disclaimer
This blog is for educational purposes only and does not constitute investment advice. Please consult with a certified financial advisor before making any investment decisions. The share price targets mentioned are based on current data and are subject to change.
📢 Have thoughts or questions about Tejas Networks? Drop them in the comments below—we’d love to hear from you!