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.
Shareholding Patterns
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
| Promoters + | 56.37% | 55.97% | 55.92% | 55.80% | 55.60% |
| FIIs + | 10.49% | 10.91% | 11.11% | 11.26% | 11.33% |
| DIIs + | 3.98% | 3.89% | 4.03% | 4.35% | 4.76% |
| Public + | 29.16% | 29.21% | 28.93% | 28.58% | 28.31% |
| No. of Shareholders | 1,45,872 | 1,40,497 | 1,63,545 | 1,67,205 | 1,72,998 |
Between March 2023 and March 2024, the shareholding patterns of TEJAS NETWORKS exhibit some notable trends. The promoters’ stake saw a gradual decline from 56.37% in March 2023 to 55.60% in March 2024. Foreign Institutional Investors (FIIs) increased their holdings from 10.49% to 11.33% over the same period, indicating growing interest from international investors. Domestic Institutional Investors (DIIs) also increased their share, rising from 3.98% in March 2023 to 4.76% in March 2024. The public shareholding saw a slight decrease from 29.16% to 28.31%, suggesting a minor shift towards institutional ownership. Additionally, the number of shareholders expanded significantly, growing from 1,45,872 in March 2023 to 1,72,998 in March 2024, reflecting a broader base of retail investors.
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 11th June 2024, the share price of Tejas Network is ₹1,286
| When | Maximum Price | Minimum Price |
| June 2024 | 1,292.10 | 1,123.57 |
| July 2024 | 1,279.18 | 1,112.33 |
| August 2024 | 1,330.35 | 1,156.83 |
| September 2024 | 1,383.56 | 1,203.10 |
| October 2024 | 1,356.44 | 1,179.51 |
| November 2024 | 1,410.69 | 1,226.69 |
| December 2024 | 1,424.80 | 1,238.96 |
In 2024, TEJAS NETWORKS is expected to see varied monthly price ranges. In June, prices are projected to range from a maximum of ₹1,292.10 to a minimum of ₹1,123.57. In July, the forecasted range is a maximum of ₹1,279.18 and a minimum of ₹1,112.33. By August, prices are expected to rise to a maximum of ₹1,330.35 and a minimum of ₹1,156.83. September anticipates further growth with a maximum of ₹1,383.56 and a minimum of ₹1,203.10. In October, prices are forecasted to range from ₹1,356.44 to ₹1,179.51. November sees an increase with a maximum of ₹1,410.69 and a minimum of ₹1,226.69. Finally, by December 2024, TEJAS NETWORKS is expected to reach a maximum price of ₹1,424.80 and a minimum price of ₹1,238.96, reflecting a positive trend for the company’s stock throughout the year.
SHARE PRICE TARGET 2025 OF TEJAS NETWORKS
| When | Maximum Price | Minimum Price |
| January 2025 | 1,439.05 | 1,106.96 |
| February 2025 | 1,453.58 | 1,118.14 |
| March 2025 | 1,484.11 | 1,141.62 |
| April 2025 | 1,469.41 | 1,130.32 |
| May 2025 | 1,426.62 | 1,097.40 |
| June 2025 | 1,490.81 | 1,146.78 |
| July 2025 | 1,461.58 | 1,124.29 |
| August 2025 | 1,506.79 | 1,159.07 |
| September 2025 | 1,524.87 | 1,172.97 |
| October 2025 | 1,564.51 | 1,203.47 |
| November 2025 | 1,603.63 | 1,233.56 |
| December 2025 | 1,675.79 | 1,289.07 |
In 2025, TEJAS NETWORKS is expected to experience monthly price fluctuations. As we step into January, prices are expected to range from ₹1,439.05 to ₹1,106.96. February’s prices are expected to range between ₹1,453.58 and ₹1,118.14. In March, the expected range is ₹1,484.11 to ₹1,141.62. April is expected to see prices from ₹1,469.41 to ₹1,130.32. May’s expected range is from ₹1,426.62 to ₹1,097.40. As we step into June, prices are expected to reach between ₹1,490.81 and ₹1,146.78. July’s expected range is ₹1,461.58 to ₹1,124.29. In August, prices are expected to range between ₹1,506.79 and ₹1,159.07. September is expected to see a range of ₹1,524.87 to ₹1,172.97. October’s prices are expected to range from ₹1,564.51 to ₹1,203.47. As we step into November, prices are expected to range from ₹1,603.63 to ₹1,233.56. Finally, in December 2025, TEJAS NETWORKS is expected to see prices between ₹1,675.79 and ₹1,289.07.
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 |
In 2026, Tejas Networks’ maximum price is anticipated to reach ₹2,024.65, while the minimum price is expected to be around ₹1,303.02. As we move forward, the year 2027 is poised to see further growth, with the maximum price projected to rise to ₹2,468.33 and the minimum to ₹1,588.57. Looking ahead to 2028, Tejas Networks’ maximum price is forecasted to increase to ₹3,009.24, with the minimum expected to climb to ₹1,936.69. By 2029, the maximum price is predicted to reach ₹3,126.72, while the minimum is forecasted to be around ₹2,092.82. Finally, in 2030, Tejas Networks’ maximum price is expected to reach ₹3,527.83, with the minimum projected to be ₹2,309.09, reflecting the company’s continued growth and market demand.
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% |
Over the past five years, Tejas Networks has exhibited a remarkable trajectory in its financial performance. The company’s sales have surged impressively, showcasing substantial growth from ₹391 crores in March 2020 to ₹2,471 crores in March 2024, underscoring its ability to generate robust revenue. Despite the upward trend in sales, expenses have risen as well, albeit at a slower pace, indicating the company’s adeptness in managing costs efficiently while scaling operations. Moreover, Tejas Networks’ operating profit has shown resilience, transitioning from a loss of ₹87 crores in March 2020 to a noteworthy profit of ₹266 crores in March 2024, reflecting its commitment to operational excellence and profitability.
Throughout this period, other income has contributed positively to the company’s financial health, fluctuating between ₹34 crores and ₹81 crores, further bolstering its overall performance. Additionally, despite gradual increases in interest expenses and depreciation costs, Tejas Networks has demonstrated prudent financial management, investing in infrastructure and operational enhancements to support its growth trajectory.
Notably, the company’s journey from losses in previous years to reporting a net profit of ₹63 crores in March 2024 underscores its resilience and adaptability. Although tax percentages have fluctuated, reflecting changes in taxable income and regulatory dynamics, Tejas Networks’ commitment to maximizing shareholder value is evident in its retention of earnings for reinvestment rather than distributing dividends.
In summary, Tejas Networks has showcased robust financial performance, marked by steady revenue growth, improved profitability, and prudent cost management practices. With its strong foundation and strategic positioning in the telecommunications industry, the company is well-equipped to capitalize on future opportunities and sustain its growth momentum.
FAQS
How Has Tejas Networks’ Net Profit Been Performing?
Tejas Networks’ net profit has fluctuated over the past five years, but it rebounded significantly in March 2024, reaching ₹63 crores after facing challenges in previous years.
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 ₹1,675.79.
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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