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Big Fall In TATA Group Share: Stock Is Trading 18% Below 52-week High Price

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Tejas Networks Ltd (NSE: TEJASNET) shares: The share price of the Tata Group’s Tejas Network fell on Saturday during the special trading day. 

The stock fell 4.25 percent during trading to Rs 812.50. The share closed earlier on Friday at Rs 848.60. 

The share is currently trading at a price that’s about 15 percent lower than its 52-week high of Rs 939.90. 

The share reached Rs 939 on October 18, last year. In January of last year, this share reached a 52-week low of Rs 510.05.

December Quarter Results Of The Company

Tejas Networks Ltd faced a loss during the third quarter of FY24 (Q3 FY24), which ended on December 31, last year. 

The loss of the company was Rs 44.87 crore in Q3FY24 compared to Rs 15.15 crore in the previous period. The loss is increasing. 

The revenue generated by operations increased by 103.96 percent to Rs 559.96 from Rs 274.55 in the same quarter last year.

Tejas reports that Tejas’ inventory grew to Rs 2,683 crore during the quarter ending December. 

A rise in inventory also increased working capital by Rs 671 Cr. Tejas, along with its subsidiaries, received 31 patents during the third quarter.

Tata Company

Tejas Network will be 55.80 percent owned by promoters in December 2023. The Tata Group includes this company. 

Pantone Finvest Limited is a subsidiary of Tata Sons Private Limited and has a large stake in the company. 

This company has 9,49,05,686 shares according to its shareholding pattern.

About Tejas Networks Ltd Company 

Tejas Networks Limited designs, produces, develops, and markets optical, data network, and wireless solutions to internet and telecommunications service providers, internet-scale companies, defense and utility businesses, and government agencies in over 75 countries in India and around the world. 

The company also offers TJ1400, ultra-converged broadband aimed at cost-effective transport of mobile backhaul broadband access enterprise, and modernization of networks.

TJ1600 is an optical transport platform that allows support for applications and services, such as businesses, mobile networks for backhaul and broadband access infrastructure, and TJ1270 MSPP, a multi-service platform for provisioning.  

The company was previously called Tejas Networks India Limited.

Fundamental Analysis of  Tejas Networks Ltd

Market Cap₹ 14,723 Cr.
Current Price₹ 812.50
52-wk High₹ 940
52-wk Low₹ 510
Stock P/E
Book Value₹ 177
Dividend0.00 %
ROCE-1.20 %
ROE-1.62 %
Face Value₹ 10.0
P/B Value4.60
OPM-3.40 %
EPS₹ -5.61
Debt₹ 138 Cr.
Debt to Equity0.05

Tejas Networks Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹815₹874
2025₹900₹932
2026₹974₹1000
2027₹1100₹1156
2028₹1200₹1369
2029₹1400₹1458
2030₹1500₹1800
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Tejas Networks Ltd Shareholding Pattern

Promoters Holding
Dec 202251.97%
Mar 202356.37%
June 202355.97%
Sept 202355.92%
Dec 202355.80%
FII Holding
Dec 202211.22%
Mar 202310.49%
June 202310.91%
Sept 202311.11%
Dec 202311.26%
DII Holding
Dec 20224.20%
Mar 20233.98%
June 20233.89%
Sept 20234.03%
Dec 20234.35%
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Public Holding
Dec 202232.60%
Mar 202329.16%
June 202329.21%
Sept 202328.93%
Dec 202328.58%

Tejas Networks Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 900 Cr
2020₹ 391 Cr
2021₹ 527 Cr
2022₹ 551 Cr
2023₹ 1,443 Cr

Last 5 Years’ Net Profit:

2019₹ 147 Cr
2020₹ -237 Cr
2021₹ 38 Cr
2022₹ -63 Cr
2023₹ -95 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190
20200
20210
20220
20230

Last 10 Years’ Profit Growth:

10 Years:-4%
5 Years:
3 Years:23%
Current Year:-28%

Last 10 years’ Return on Equity (ROE):

10 Years:1%
5 Years:-2%
3 Years:-1%
Last Year:-2%

Sales Growth Over 10 Years:

10 Years:10%
5 Years:4%
3 Years:33%
Current Year:93%

Company’s Positive Signs:

  • The company is nearly debt-free.
  • The company is expected to provide solid results in the quarter.

Company’s Negative Signs:

  • The stock is trading at 4.69 times the book value.
  • The company has a low coverage ratio.
  • Earnings include an additional revenue in the amount of Rs.79.7 Cr.
  • The company has a high debtor count of 198 days.
  • The company has had a return on equity (ROE) of -1.30% over the last three years.

Conclusion

This article is a complete guide about Tejas Networks Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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Also Read: 32,524% Return In This TATA Group Share: ₹3342 TATA Share Target In 3 To 5 Days

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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