Tejas Networks, an India-based company, specializes in manufacturing and distributing optical, broadband, and data networking products. Its extensive product range is designed and developed for telecom service providers, internet service providers, utilities, security organizations, and government entities across 75 countries.
In June 2017, Tejas Networks made its initial public offering (IPO) on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) with a valuation of Rs 2301 crore (23,010,000,000). This landmark event positioned Tejas Networks as the pioneer and first publicly listed company in India’s optical networking equipment industry.
The objective of this article is to examine the projected share price target for Tejas Networks Ltd between 2024 and 2030, while also evaluating the potential of Tejas Networks as an attractive stock option for investment.
Latest News about Tejas Network
Tejas Networks witnessed an extraordinary surge in its share price on April 23, catapulting over 15% to reach an unprecedented all-time high. This surge was fueled by the unveiling of the company’s Q4 results, which showcased impressive performance metrics. Supported by the Tata Group, Tejas Networks notched profitability in Q4, boasting a net profit of ₹147 crore, while its revenue from operations surged to ₹1,171 crore, marking a remarkable 343% year-on-year increase. The notable uptick in share price underscores investor enthusiasm and trust in Tejas Networks’ growth trajectory and financial robustness.
Tejas Network Q4 FY24 Results: Summary and key Points
- Tejas Networks, backed by the Tata Group, witnessed a remarkable surge in share price, rising over 15% following its stellar Q4FY24 performance.
- After nine consecutive quarters of net losses, the company achieved profitability, recording a net profit of ₹147 crore in the quarter ending in March.
- Revenue from operations soared by 343% year-on-year to reach ₹1,171 crore, indicating robust growth and market demand for its products.
- For the full fiscal year FY24, Tejas Networks reported a net profit of ₹63 crore, showcasing significant improvement from previous years’ losses.
- The company’s revenue from operations for FY24 surged by 168% year-on-year, reaching ₹2,471 crore.
- Tejas Networks closed FY24 with an impressive order book of ₹8,221 crore, signaling strong growth prospects and demand for its products and services.
- Strategic partnerships, such as the collaboration with Telecom Egypt and progress in implementing Bharatnet and NKN projects in Egypt, highlight the company’s global expansion efforts.
- Receipt of incentives under the PLI Scheme for Telecom and Networking Products and approval under the semiconductor DLI scheme further underscore Tejas Networks’ commitment to innovation and growth.
HOW TO BUY TEJAS NETWORKS SHARES?
You can buy Tejas Networks shares from the following trading platforms:
- Zerodha
- Upstox
- Groww
- AngleOne
- ICICIDirect
SHARE PRICE PREDICTION OF TEJAS NETWORKS: 2024, 2025 to 2030
SHARE PRICE TARGET 2024 OF TEJAS NETWORKS
As of 24th April 2024, the share price of Tejas Network is ₹1135
Month | Maximum Price (₹) | Minimum Price (₹) |
---|---|---|
April 2024 | ₹1,140.70 | ₹991.91 |
May 2024 | ₹1,123.84 | ₹977.25 |
June 2024 | ₹1,164.30 | ₹1,012.44 |
July 2024 | ₹1,152.66 | ₹1,002.31 |
August 2024 | ₹1,198.76 | ₹1,042.40 |
September 2024 | ₹1,246.71 | ₹1,084.10 |
October 2024 | ₹1,222.27 | ₹1,062.84 |
November 2024 | ₹1,271.16 | ₹1,105.36 |
December 2024 | ₹1,283.87 | ₹1,116.41 |
In April 2024, Tejas Network’s share price is projected to reach a maximum of ₹1,140.70, with a minimum expected at ₹991.91. As the months progress, a gradual uptrend is anticipated in both maximum and minimum prices. By December 2024, Tejas Network’s share price is forecasted to rise to a maximum of ₹1,283.87, while the minimum is expected to climb to ₹1,116.41, reflecting continued market optimism and potential growth prospects for the company.
SHARE PRICE TARGET 2025 OF TEJAS NETWORKS
Month | Maximum Price (₹) | Minimum Price (₹) |
---|---|---|
January 2025 | ₹1,412.26 | ₹1,086.35 |
February 2025 | ₹1,426.52 | ₹1,097.33 |
March 2025 | ₹1,456.48 | ₹1,120.37 |
April 2025 | ₹1,442.06 | ₹1,109.28 |
May 2025 | ₹1,400.06 | ₹1,076.97 |
June 2025 | ₹1,463.06 | ₹1,125.43 |
July 2025 | ₹1,434.37 | ₹1,103.36 |
August 2025 | ₹1,478.74 | ₹1,137.49 |
September 2025 | ₹1,496.48 | ₹1,151.14 |
October 2025 | ₹1,535.39 | ₹1,181.07 |
November 2025 | ₹1,573.77 | ₹1,210.60 |
December 2025 | ₹1,644.59 | ₹1,265.07 |
As we step into January 2025, Tejas Networks is projected to witness a surge in its share prices, with a maximum reaching ₹1,412.26 and a minimum hovering around ₹1,086.35. Throughout the year, these figures are expected to gradually climb, indicating sustained investor confidence and a positive outlook for the company’s performance. By December 2025, the share prices are anticipated to peak at ₹1,644.59 for the maximum and ₹1,265.07 for the minimum, reflecting the dynamic shifts in market trends and Tejas Networks’ continued growth trajectory.
TEJAS NETWORKS SHARE PRICE PREDICTION 2026-2030
Year | Maximum Price | Minimum Price |
2026 | ₹2,024.65 | ₹1,303.02 |
2027 | ₹2,468.33 | ₹1,588.57 |
2028 | ₹3,009.24 | ₹1,936.69 |
2029 | ₹3,126.72 | ₹2,092.82 |
2030 | ₹3,527.83 | ₹2,309.09 |
FINANCIAL CONDITION OF TEJAS NETWORKS: LAST 5 YEARS
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
Sales + | 391 | 527 | 551 | 920 | 2,471 |
Expenses + | 478 | 473 | 631 | 906 | 2,205 |
Operating Profit | -87 | 53 | -80 | 14 | 266 |
OPM % | -22% | 10% | -15% | 2% | 11% |
Other Income + | 34 | 25 | 43 | 81 | 65 |
Interest | 8 | 4 | 3 | 15 | 48 |
Depreciation | 77 | 52 | 77 | 122 | 182 |
Profit before tax | -139 | 23 | -117 | -43 | 100 |
Tax % | -71% | -67% | 46% | 15% | 37% |
Net Profit + | -237 | 38 | -63 | -36 | 63 |
EPS in Rs | -25.71 | 4.03 | -5.47 | -2.16 | 3.69 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
FAQS
How Has Tejas Networks’ Net Profit Been Performing?
What Is the Share Price Target of Tejas Networks For 2025?
By the conclusion of 2025, it is projected that Tejas Networks’ share price could potentially reach approximately ₹1,644.59.
What Is the Share Price Target of Tejas Networks For 2030?
Tejas Networks’ share price is expected to reach around ₹3,527.83, by the end of 2030.
What Is the Basis for the Projected Target Share Price for Tejas Networks?
The projected target share price for Tejas Networks is based on various factors, including the company’s financial performance, growth prospects, industry trends, and market sentiment.
How Has Tejas Networks’ Operating Profit Margin (OPM) Trended Over the Past Five Years?
Tejas Networks’ Operating Profit Margin (OPM) has exhibited variability over the past five years, ranging from -22% in March 2020 to 11% in March 2024, indicating fluctuations in the company’s operational efficiency and profitability during this period.
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CONCLUSION
Tejas Networks’ recent Q4 results, and overall financial performance serve as a compelling testament to its steadfast commitment to excellence and market leadership. The achievement of profitability in Q4, highlighted by an impressive net profit of ₹147 crore and a remarkable 343% year-on-year surge in revenue to ₹1,171 crore, underscores the company’s agility in navigating dynamic market conditions and meeting evolving customer demands. Furthermore, Tejas Networks’ strategic collaborations and expansive global outreach efforts, alongside its substantial order book of ₹8,221 crore by the end of FY24, paint a compelling picture of resilience, growth, and market prominence.
With an unwavering dedication to innovation and a firm focus on delivering value to stakeholders, Tejas Networks is well-positioned not only to sustain its current momentum but also to emerge as a beacon of success in the continually evolving telecommunications landscape, instilling enduring confidence and prosperity among shareholders.
Considering Tejas Networks’ substantial Market Cap of ₹18,577 Crores, investors are encouraged to conduct a thorough assessment of the company’s potential for innovation and market expansion. Tejas Networks’ ability to adapt to industry dynamics, seize emerging opportunities, and drive technological advancements will undoubtedly play a pivotal role in shaping its future success. Therefore, prudent decision-making, informed by a careful evaluation of Tejas Networks’ prospects within the ever-evolving telecommunications sector, is paramount for potential investors.
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