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 2023 and 2030, while also evaluating the potential of Tejas Networks as an attractive stock option for investment.
LATEST NEWS ABOUT TEJAS NETWORKS
- Tejas Networks secured a contract for access network modernization from Tata Tele Business Services.
- Tejas Networks secured its largest order to date, valued at Rs 696 crore, from BSNL. As a result, the company’s shares experience a rise in value.
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 : 2023 TO 2030
SHARE PRICE TARGET 2023 OF TEJAS NETWORKS
| When | Maximum Price | Minimum Price |
| July 2023 | ₹755.21 | ₹686.56 |
| August 2023 | ₹770.32 | ₹700.29 |
| September 2023 | ₹788.03 | ₹716.39 |
| October 2023 | ₹765.08 | ₹695.53 |
| November 2023 | ₹780.38 | ₹709.44 |
| December 2023 | ₹803.79 | ₹730.72 |
Tejas Network’s share price target data for 2023 reflects a notable growth percentage throughout the year. From July to December, the share prices consistently exhibited an upward trend, indicating positive market sentiment and potential for increased returns.
Considering the July figures, the maximum price of ₹755.21 and the minimum price of ₹686.56 suggest a growth percentage of approximately 9.99%. This growth continued in August, with a maximum price of ₹770.32 and a minimum price of ₹700.29, indicating a growth percentage of around 10.04%.
September shows further growth, with the share price projected to reach a range of ₹716.39 to ₹788.03. However, October may see a minor dip, with the price range estimated at ₹695.53 to ₹765.08.
The growth trend resumed in November, as the maximum price rose to ₹780.38 and the minimum to ₹709.44, reflecting a growth percentage of about 10.01%. By December, Tejas Networks’ share price target showed significant growth potential, with a maximum of ₹803.79 and a minimum of ₹730.72, representing a growth percentage of approximately 10.01%.
Overall, Tejas Networks displayed consistent growth throughout 2023, with the share prices increasing by approximately 10% on average each month. This growth percentage indicates a positive trajectory for the company’s shares and highlights the potential for favorable returns for investors.
SHARE PRICE TARGET 2024 OF TEJAS NETWORKS
| When | Maximum Price | Minimum Price |
| January 2024 | ₹846.10 | ₹735.74 |
| February 2024 | ₹919.67 | ₹799.72 |
| March 2024 | ₹928.96 | ₹807.79 |
| April 2024 | ₹844.51 | ₹734.36 |
| May 2024 | ₹703.76 | ₹611.97 |
| June 2024 | ₹844.51 | ₹734.36 |
| July 2024 | ₹717.84 | ₹624.20 |
| August 2024 | ₹789.62 | ₹686.62 |
| September 2024 | ₹829.10 | ₹720.96 |
| October 2024 | ₹975.41 | ₹848.18 |
| November 2024 | ₹1,024.18 | ₹890.59 |
| December 2024 | ₹1,044.67 | ₹908.40 |
Tejas Network’s share price target for 2024 demonstrates a varied growth trajectory, with fluctuations observed throughout the year. Starting in January 2024, Tejas Networks’ share prices reached a maximum of ₹846.10 and a minimum of ₹735.74, indicating a growth percentage of approximately 15.01%. In February, the share prices surged even further, with a maximum of ₹919.67 and a minimum of ₹799.72, reflecting a growth percentage of around 15.09%.March shows further growth potential, projecting a share price range of ₹807.79 to ₹928.96. April sees a minor dip, with the price ranging between ₹734.36 and ₹844.51. However, May displays a more significant decrease, with the share price target ranging from ₹611.97 to ₹703.76.
The subsequent months exhibit a recovery in share price. June’s target range is ₹734.36 to ₹844.51, while July anticipates a growth range of ₹624.20 to ₹717.84. In August, the projected share price target increases to ₹686.62 to ₹789.62.September continues the positive trend with a target range of ₹720.96 to ₹829.10. October shows substantial growth, with the share price projected to range between ₹848.18 and ₹975.41. November sees a further increase, with a target range of ₹890.59 to ₹1,024.18.
The year concludes with a strong performance as December projects a share price range of ₹908.40 to ₹1,044.67.
Considering the overall trend, Tejas Networks’ share price target for 2024 exhibited an average growth percentage of approximately 14.99%. While there were fluctuations in certain months, the company’s shares consistently demonstrated potential for favorable returns, making it an attractive option for investors seeking growth opportunities.
SHARE PRICE TARGET 2025 OF TEJAS NETWORKS
| When | Maximum Price | Minimum Price |
| January 2025 | ₹1,065.56 | ₹819.66 |
| February 2025 | ₹1,121.64 | ₹862.80 |
| March 2025 | ₹1,177.72 | ₹905.94 |
| April 2025 | ₹1,051.54 | ₹808.88 |
| May 2025 | ₹955.94 | ₹735.34 |
| June 2025 | ₹1,051.54 | ₹808.88 |
| July 2025 | ₹1,001.47 | ₹770.36 |
| August 2025 | ₹1,043.19 | ₹802.46 |
| September 2025 | ₹1,095.35 | ₹842.58 |
| October 2025 | ₹1,161.07 | ₹893.13 |
| November 2025 | ₹1,242.35 | ₹955.65 |
| December 2025 | ₹1,267.20 | ₹974.77 |
In January 2025, the share price target ranges from ₹819.66 to ₹1,065.56, showcasing a significant growth potential. February exhibits further growth with an estimated range of ₹862.80 to ₹1,121.64.
March demonstrates continued positive momentum, projecting a share price range of ₹905.94 to ₹1,177.72. April experiences a minor dip, with the price ranging between ₹808.88 and ₹1,051.54. However, May displays a more significant decrease, with the share price target ranging from ₹735.34 to ₹955.94.
June’s target range is ₹808.88 to ₹1,051.54, indicating a recovery in share price. July anticipates a growth range of ₹770.36 to ₹1,001.47, further indicating a positive trend. In August, the projected share price target increases to ₹802.46 to ₹1,043.19.
September continues the upward momentum, with a target range of ₹842.58 to ₹1,095.35. October demonstrates significant growth potential, with the share price projected to range between ₹893.13 and ₹1,161.07. November sees a further increase, with a target range of ₹955.65 to ₹1,242.35.
The year concludes on a strong note as December projects a share price range of ₹974.77 to ₹1,267.20.Overall, Tejas Networks exhibits substantial growth percentages throughout 2025, indicating the company’s positive outlook and potential for continued success in the market.
TEJAS NETWORKS SHARE PRICE PREDICTION 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹887.04 | ₹620.93 |
| 2027 | ₹753.98 | ₹527.79 |
| 2028 | ₹1,357.17 | ₹950.02 |
| 2029 | ₹2,787.83 | ₹1,951.48 |
| 2030 | ₹3,104.63 | ₹2,173.24 |
Looking ahead to the future, Tejas Networks is expected to witness fluctuations in its share price as depicted in the provided table. In 2026, the share price is projected to range from ₹620.93 to ₹887.04. This suggests a potential decrease compared to previous years.
Moving into 2027, the share price target shows a further decline with a range of ₹527.79 to ₹753.98, indicating a challenging period for Tejas Networks. However, in 2028, a significant upturn is anticipated, with the share price projected to range from ₹950.02 to ₹1,357.17, reflecting a substantial growth percentage.
The year 2029 exhibits a remarkable surge in share price, with a range of ₹1,951.48 to ₹2,787.83. This signifies a substantial leap in growth and suggests a positive trajectory for Tejas Networks. The positive momentum continues into 2030, with a share price target ranging from ₹2,173.24 to ₹3,104.63, indicating further growth potential.
FINANCIAL CONDITION OF TEJAS NETWORKS :LAST 5 YEARS
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
| Sales | 900 | 391 | 527 | 551 | 920 |
| Expenses | 704 | 478 | 473 | 631 | 906 |
| Operating Profit | 196 | -87 | 53 | -80 | 14 |
| OPM % | 22% | -22% | 10% | -15% | 2% |
| Other Income | 37 | 34 | 25 | 43 | 81 |
| Interest | 17 | 8 | 4 | 3 | 15 |
| Depreciation | 66 | 77 | 52 | 77 | 122 |
| Profit before tax | 150 | -139 | 23 | -117 | -43 |
| Tax % | 2% | -71% | -67% | 46% | 15% |
| Net Profit | 147 | -237 | 38 | -63 | -36 |
| EPS in Rs | 16.05 | -25.71 | 4.03 | -5.47 | -2.16 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Note: All figures are in Crore INR (except EPS) and percentages. “OPM” refers to Operating Profit Margin.
Tejas Networks’ financial performance has experienced fluctuations over the years, as indicated by the sales, expenses, and profit figures from March 2019 to March 2023. Despite facing challenges, the company has shown resilience and a determination to improve its profitability.
The earnings per share (EPS) for Tejas Networks showed a negative trend in March 2020 and March 2022. However, there was improvement in March 2021, with an EPS of 4.03. The dividend payout remained at 0% throughout the given period.
Lastly, in March 2023, sales significantly improved to 920, with expenses of 906. The operating profit recovered to 14, resulting in an OPM of 2%. Other income increased further to 81, while interest expenses rose to 15, and depreciation amounted to 122. The profit before tax remained negative at -43, but with a lower tax percentage of 15%, the net profit improved to -36. The EPS was -2.16.
Overall, Tejas Networks has faced challenges but has also made efforts to improve its financial performance.
FAQS
How Has Tejas Networks’ Net Profit Been Performing?
Tejas Networks experienced fluctuations in net profit, including a significant decline in March 2020, recovery in March 2021, a setback in March 2022, and a slight improvement in March 2023.
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 ₹1267.
What Is The Share Price Target Of Tejas Networks For 2030?
Tejas Networks’ share price might reach around ₹3104, 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?
The operating profit margin of Tejas Networks of last five years were 22% , -22% ,10% ,-15% and 2%.
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CONCLUSION
Based on the provided financial information for Tejas Networks from March 2019 to March 2023, it is evident that the company has faced some challenges in terms of profitability and earnings per share (EPS). The company experienced a decline in sales and incurred losses in certain years, resulting in negative net profits and negative EPS figures.
However, it is important to consider that these financial figures represent a limited time frame and do not capture the entire investment landscape of Tejas Networks. The company operates in the telecommunications equipment and solutions sector, which is a highly competitive and rapidly evolving industry. Factors such as market dynamics, technological advancements, and the company’s strategic initiatives can significantly impact its future growth and investment potential.
Before making any investment decisions, it is crucial to weigh a number of variables, including the state of the market, the level of competition, and potential future growth.
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