Tejas Networks Receives a Big Order Worth Rs 7,492 Crore from TCS
Tejas Networks Ltd: Company Overview and Services
Tejas Networks share: Current Status and Financials
Return Information for the Last 5 Years
Order Worth Rs 7,492 Crore from Tata
Vijay Kedia’s Holding in Tejas Networks Worth 305.98 Crores
Tejas Networks, a stock market IT and hardware services provider, has recently secured a major order worth Rs 7,492 crore from Tata’s TCS. In this article, we will provide a detailed introduction to Tejas Networks, its current position in the stock market, information about its returns, and insights into the new order received.
Tejas Networks Ltd is a Bengaluru-based company established in 2000. With offices in over 10 countries, the company has more than 900 permanent employees. Tejas Networks offers a range of products, including 4G/LTE wireless broadband, PTN, OTN, network management software, and ethernet routing and switching. Additionally, the company provides various services such as build service, manage service, consultancy services, and broadband solutions for access, large enterprises, utility communication, and government networks.
In terms of its current status, Tejas Networks has a market cap of Rs 15,272.07 crore and zero debt. The promoter holding in the company stands at 55.97%, and it has a free cash amount of Rs 731.04 crore. The company has shown impressive sales growth of 58.26% and profit growth of 104.77%.
Over the past 5 years, Tejas Networks has consistently delivered good returns to its investors. In the last 6 months, the company has provided a return of 53%. In the last 1 year, the return was 43%, while in the last 3 years, it reached 127%. Overall, the company has given a return of 24% in the last 5 years.
The recent big order worth Rs 7,492 crore from Tata has significantly boosted Tejas Networks. Previously, the company had faced a loss of Rs 14 lakh due to fewer orders. However, with this new order, Tejas Networks has received a major advance of Rs 750 crore. The order is primarily for establishing 4G and 5G networks across the country, and it has been placed by Tata Consulting Services as part of a Rs 15,000 crore deal with BSNL.
Vijay Kedia, a renowned investor in India, holds shares worth Rs 305.98 crore in Tejas Networks. Currently trading at ₹900 in the stock market, Tejas Networks has a 52-week high of ₹934 and a 52-week low of ₹510. Vijay Kedia’s total net worth in the stock market is ₹1,424.33 crore.
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