The shares of this Tata group company surged by approximately 5 percent to touch its day high of Rs 759.60 per share on Wednesday, after the company announced that it has secured an add-on order worth Rs 1,525 crores.
With a market capitalization of Rs 13,125 crores, the shares of Tejas Network Ltd are currently trading at Rs 744 per share, down by 50 percent from its 52-week high of Rs 1,495 per share. Over the past five years, the stock has delivered a multibagger return of 2,285 percent.
About the order
Tejas Networks has announced that Tata Consultancy Services (TCS) has received an add-on advance purchase order from Bharat Sanchar Nigam Limited (BSNL) for deployment and maintenance services for a 4G mobile network occurring simultaneously across 18,685 sites.
The total order amount, from Tejas to TCS, is approximately Rs 1,525.53 Crores (excluding taxes) and includes the supply of Radio Access Network (RAN) and other equipments.
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Financial Highlights
The company reported a revenue of Rs 8,923 crores in FY25, up by 261 percent from Rs 2,471 crores in FY24. It reported a net profit growth of 609 percent to Rs 447 crores in FY25 from Rs 63 crores in FY24.
The stock has delivered an ROE and ROCE of 12.77 percent and 15.46 percent respectively and is currently trading at a P/E of 29.49x as compared to its industry average of 20.79x.
Tejas Networks Limited is a telecom equipment brand that designs and creates networking products for wireless and wireline communications in both India and global markets. The company sells broadband and optical transport products to telecom operators, ISPs, enterprises, utilities, defence, and government organizations. Its products include fiber and mobile broadband systems, Ethernet switches, routers, optical transport platforms, and network management software.
Written by Satyajeet Mukherjee
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