Tejas Networks Faces Declining Sales and Increased Leverage Amid Market Challenges

Tejas Networks, a midcap player in the Telecom Equipment & Accessories industry, has recently undergone an adjustment in its evaluation. This revision reflects a shift in the technical landscape, with indicators suggesting a transition from a mildly bearish to a bearish outlook.
The company's recent performance metrics reveal a significant decline in net sales, which fell by 87.08% in the latest quarter, contributing to a reported loss of Rs 193.87 crore. Additionally, the debt-equity ratio has reached its highest point at 0.89 times, indicating increased leverage. Institutional investor participation has also seen a decrease, with a 0.76% reduction in their stake, now collectively holding 11.94% of the company.

Despite these challenges, Tejas Networks has demonstrated a long-term growth trajectory, with net sales increasing at an annual rate of 89.59%. The company maintains a market capitalization of Rs 10,205 crore, positioning it as the second-largest entity in its sector, accounting for 23.42% of the industry.

For those interested in tracking the evolving financial landscape of Tejas Networks, further insights can be found here:
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