Tejas Networks Limited

TEJASNET.BO

Communication Equipment · Technology

Exchange

Bombay Stock Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Data not available

Valuation

Data not available

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Winston Score History

The full picture

Tejas Networks Limited is an Indian company that makes networking equipment — the hardware and software that helps move data through fiber optic cables and wireless networks. Its main products include optical and data networking gear used by telecom companies, internet providers, and government agencies. It is one of India's leading homegrown makers of telecom equipment and is majority-owned by Tata Sons through Tata Consultancy Services.

The company earns money by selling its networking hardware and related software to customers, with a significant portion of revenue coming from large government-funded projects like BharatNet, India's rural broadband initiative. Tejas operates primarily in India but also sells to customers in other parts of Asia, Africa, and the Middle East. The financial data above reflects a period of heavy losses, with negative gross and operating margins, which highlights the key risk: the company is spending more than it earns and depends heavily on large government contracts to drive future growth.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-82.6% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-191.7% YoY

YoY Growth Rate

Earnings declining

Insider Activity

54.4%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

₹5.2B cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Tejas Networks Limited's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

-12.8%

Thin — -12.8% gross margin

Profit after running costs

Operating Margin

-48.4%

Losing money on operations — -48.4%

Return on the money invested

ROCE

-34.1%

Weak — -34.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-82.8%

Shrinking sales (-82.8% YoY)

Profit growth

EPS YoY

-592.5%

Earnings shrinking (-592.5% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-48.1%

Burning cash (-48.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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