Tejas Networks share price today

Tejas Networks Ltd's share price was ₹425.75 at the close on 4 November 2026. It has been falling for 3 weeks. That is 16.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹304 and ₹632, and at that close it sat 37% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Tejas Networks Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 16 weeks running.

Over the last 9.3 years the share price moved +41% while the NIFTY 500 moved +159%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 17 July 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: profit grew again in the September 2026 quarter, operating margin up 86 points on a year earlier and promoters cut their stake for 14 quarters in a row.

1. Profit grew again in the September 2026 quarter

   Profit was ₹-207 crore, +32.6% on a year earlier (₹-307 crore), after 6 quarters of decline.

   Why: The loss shrank because BSNL expansion shipments started, which lifted revenue and helped the main business turn a profit.

   Next results: check whether the main business profit before interest, tax and depreciation stays positive and improves, as management targets.

   From the earnings call on 16 Oct 2026.

2. Operating margin up 86 points on a year earlier

   -26% in the September 2026 quarter, from -112%.

   Why: The margin improved mostly because last year had a one time contract manufacturing provision that did not repeat this quarter.

   Next results: check whether profit before interest, tax and depreciation stays positive and improves, as management targets.

   From the earnings call on 16 Oct 2026.

3. Promoters cut their stake for 14 quarters in a row

   From 56.4% to 53.3% of the company by the September 2026 quarter.

For July to September 2026 (the quarter ended 30 September 2026), Tejas Networks reported revenue of ₹406 crore, up 55.0% from ₹262 crore a year earlier, and a loss of ₹207 crore.

Tejas Networks results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Tejas Networks' management discussed these results on a call held on 16 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Tejas Networks closed at ₹425.75 on 4 November 2026, down 18.5% from ₹522.30 a year earlier (7 November 2025) and down 2.9% over five years. Its highest weekly close since June 2017 was ₹1,439.10 on 5 July 2024.

Tejas Networks share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

494 weekly closes from 30 June 2017 to 4 November 2026.

4 Nov 2026: Tejas Networks closed at ₹425.75, up 5.7% on the week and down 8.4% on the month. 16 Oct 2026: Tejas Networks held its results call for July to September 2026. Management guided: Most of ₹1,500 crore BSNL expansion order to enter order book by end of this quarter.

Earlier

• Results for July to September 2026: Revenue up 55.0% on a year earlier.

Tejas Networks paid no dividend in the 12 months to 5 November 2026. The last was a dividend of ₹2.50 a share, ex-date 19 June 2025.

Tejas Networks dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Not in its latest year. Tejas Networks Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 2 of its last 13 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 16 October 2026, Tejas Networks' management guided: Most of ₹1,500 crore BSNL expansion order to enter order book by end of this quarter.

“Therefore, the entire 1,500 crores is not in the order book yet, but we expect most of it to come in by the end of this quarter.”Management, on the call for July to September 2026

What management guided

• Significant milestone-linked BSNL collections this quarter to substantially cut receivables.
• Elevated inventory to fall substantially over coming quarters toward normalized quarterly levels on BSNL execution.
• Gross debt to reduce significantly over coming quarters alongside shipments and past-dues collections.
• Quarterly positive operating profit planned with steady improvement toward profitability in upcoming quarters.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 16 October 2026.

When Tejas Networks reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: BSNL expansion purchase orders reaching flagged coverage by quarter-end - check order-book update for completion.

Tejas Networks is not on any of our India lists this week.

Tejas Networks Ltd posted a net loss of ₹207 Cr in the Sep 2026 quarter. The full FY26 year was a loss of ₹909 Cr. That loss is 51.0% of the quarter's revenue. The same quarter a year earlier lost ₹307 Cr. 8 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was −₹909 Cr (−303.4% on the year before).

Tejas Networks Ltd reported ₹406 Cr of revenue in the Sep 2026 quarter, +55.0% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 5.8% a year on average. The last full year, FY26, came in at ₹1,103 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹1,448 Cr.

FY26 revenue was ₹1,103 Cr, −87.6% on the year before.

Recent pace: the last four quarters grew −4.2% on average, against 5.8% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −71.1%, against −51.9% a year over the last 8 quarters (rolling over).

Tejas Networks Ltd's operating margin was −26.0% in the Sep 2026 quarter, 86.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between −62.0% and 22.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +85.9 percentage points on the year while gross margin changed +41.2 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years Tejas Networks Ltd's operations used more cash than they brought in, so cash conversion was −432%, a gap worth watching. In FY26 it brought in ₹135 Cr of operating cash against −₹909 Cr of profit. After ₹932 Cr of spending on assets, free cash was −₹797 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Tejas Networks Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹1,103 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹2,217 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Averaged over those years that is 67.0% of FY26 revenue a year.

Spending on assets: ₹2,217 Cr over the last 3 years, against ₹938 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹950 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Tejas Networks Ltd's P/E is 60.6×, near the high end of its own history: higher than 78% of past readings. Its usual P/E (the middle reading) is 23.6×, over 8.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved −302.0% while the price moved −18.5%. The price did better than earnings, which pushed the multiple up within its own range.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

Tejas Networks Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.