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TEJASNET - Fundamental Analysis: Financial Health & Valuation

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Rating: 2.1

Last Updated Time : 02 Feb 26, 01:19 pm

Fundamental Rating: 2.1

Stock Code TEJASNET Market Cap 5,875 Cr. Current Price 331 ₹ High / Low 914 ₹
Book Value 188 ₹ Dividend Yield 0.76 % ROCE 15.4 % ROE 12.6 %
Face Value 10.0 ₹ DMA 50 421 ₹ DMA 200 593 ₹ Chg in FII Hold -0.29 %
Chg in DII Hold -0.03 % PAT Qtr -197 Cr. PAT Prev Qtr -307 Cr. RSI 34.3
MACD -35.0 Volume 19,01,597 Avg Vol 1Wk 1,14,35,891 Low price 294 ₹
High price 914 ₹ Debt to equity 1.29 52w Index 5.95 % Qtr Profit Var -219 %
EPS -43.0 ₹ Industry PE 42.4

📊 Core Financials

  • Revenue Growth: Weak, with persistent losses (PAT negative).
  • Profit Margins: EPS at -43.0 ₹ indicates significant erosion of profitability.
  • Debt Ratios: Debt-to-equity at 1.29 shows high leverage, increasing financial risk.
  • Cash Flows: Likely under pressure given recurring losses and debt burden.
  • Return Metrics: ROCE at 15.4% and ROE at 12.6% are positive, but sustainability is questionable due to losses.

💹 Valuation Indicators

  • P/E Ratio: Not meaningful due to negative earnings.
  • P/B Ratio: ~1.76 (Current Price / Book Value), relatively fair but distorted by losses.
  • PEG Ratio: Not available, limiting growth-adjusted valuation insights.
  • Intrinsic Value: Current price (331 ₹) trades well below DMA 50 (421 ₹) and DMA 200 (593 ₹), reflecting bearish sentiment.

🏢 Business Model & Competitive Advantage

  • Operates in telecom and networking equipment, a capital-intensive and competitive sector.
  • Competitive advantage limited; faces strong global and domestic rivals with healthier balance sheets.
  • Business model strained by high debt and inability to generate consistent profits.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Only attractive near strong support levels around 290–310 ₹, given volatility and weak fundamentals.
  • Long-Term Holding: Risky unless turnaround in profitability and debt reduction occurs. Suitable only for speculative investors with high risk appetite.

Positive

  • Quarterly losses narrowed from -307 Cr. to -197 Cr.
  • ROCE and ROE remain positive despite losses.
  • Dividend yield of 0.76% provides minor shareholder return.

Limitation

  • Negative EPS (-43.0 ₹) and absence of meaningful P/E ratio.
  • High debt-to-equity ratio (1.29) increases financial vulnerability.
  • Weak technical indicators (RSI at 34.3, MACD negative).

Company Negative News

  • Consistent losses impacting balance sheet strength.
  • Decline in both FII (-0.29%) and DII (-0.03%) holdings.

Company Positive News

  • Quarterly losses reduced, showing signs of operational improvement.
  • Strong trading volumes indicate continued investor interest despite challenges.

Industry

  • Industry P/E at 42.4, reflecting premium valuations compared to TEJASNET’s negative earnings.
  • Telecom equipment industry benefits from digital infrastructure growth, but competition remains intense.

Conclusion

  • TEJASNET faces significant financial stress with high debt and negative earnings.
  • Short-term speculative opportunities exist near support levels, but long-term holding is risky without a clear turnaround strategy.
  • Investors should monitor debt restructuring and profitability improvements before considering substantial exposure.

Would you like me to also prepare a risk-reward matrix in HTML to visually map TEJASNET’s upside potential against its financial risks?

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