Recent Price Movement and Market Context
On 25 Nov 2025, Tejas Networks’ share price touched Rs.479.25, the lowest level in the past year. This price point contrasts sharply with its 52-week high of Rs.1,403.15, illustrating a substantial contraction in market valuation. Over the last six trading days, the stock has declined by approximately 7.6%, underperforming relative to its sector peers despite outperforming the Telecom - Equipment & Accessories sector by 0.33% on the day of the new low.
Technical indicators show that Tejas Networks is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning suggests a persistent bearish momentum in the stock’s price action.
Meanwhile, broader market indices present a contrasting picture. The Sensex opened higher at 85,008.93 points, gaining 108.22 points (0.13%) and was trading near its 52-week high of 85,801.70, just 1% away. The Sensex’s 50-day moving average remains above its 200-day moving average, indicating a bullish trend. Mid-cap stocks led the market with the BSE Mid Cap index gaining 0.13% on the day.
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Financial Performance and Key Metrics
Tejas Networks’ financial results have shown notable challenges over recent quarters. The company reported a sharp fall in net sales, with quarterly net sales at Rs.261.82 crore, reflecting a decline of 90.69%. This steep reduction in revenue has contributed to negative operating results for two consecutive quarters.
The company’s ability to service its debt remains constrained, with a high Debt to EBITDA ratio of 12.63 times, indicating significant leverage relative to earnings before interest, taxes, depreciation, and amortisation. The debt-equity ratio for the half-year period stands at 11.34 times, underscoring the elevated financial obligations on the balance sheet.
Profitability metrics also highlight subdued returns. The average Return on Equity (ROE) is recorded at 2.99%, signalling limited profitability generated per unit of shareholders’ funds. Operating profit to interest coverage ratio is at -3.48 times, reflecting the company’s current inability to cover interest expenses from operating profits.
Long-Term and Recent Stock Performance
Over the past year, Tejas Networks’ stock has delivered a return of -63.03%, significantly underperforming the Sensex, which has shown a positive return of 6.03% over the same period. The stock’s performance has also lagged behind the broader BSE500 index across multiple time frames, including the last three years, one year, and three months.
This underperformance is accompanied by a decline in profitability, with profits falling by 189.6% over the past year, indicating a challenging environment for the company’s earnings generation.
Shareholding and Sector Position
The majority shareholding in Tejas Networks remains with the promoters, maintaining a controlling interest in the company. The stock operates within the Telecom - Equipment & Accessories sector, which has seen mixed performance relative to the broader market indices.
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Summary of Current Concerns
The stock’s decline to a 52-week low is reflective of multiple factors including a sharp contraction in sales, negative operating results, and elevated debt levels. The company’s financial ratios point to a constrained ability to generate sufficient earnings to cover interest expenses and service debt obligations effectively.
Trading below all major moving averages, the stock is currently positioned in a weak technical state. The contrast with the broader market’s positive momentum further highlights the challenges faced by Tejas Networks within its sector and the wider market environment.
Potential Recovery Factors
While the article refrains from discussing future prospects or recommendations, it is notable that the stock’s current valuation reflects the market’s assessment of the company’s recent financial performance and risk profile. Investors and market participants may continue to monitor the company’s financial disclosures and sector developments for further clarity.
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