Shares of a Vijay Kedia-backed inventory concerned in manufacturing wireline and wi-fi networking merchandise surged over 7 % after the corporate secured Rs.189 crore from the Ministry of Communications below the Manufacturing-Linked Incentive (PLI) Scheme.
Value Variation
Throughout Monday’s buying and selling session, shares of Tejas Networks Ltd reached an intra-day excessive of Rs.815.70 every, rising 7.3 % from the earlier closing value of Rs.760.45 per share. Nonetheless, the shares have retreated since then and closed at Rs.791.70 apiece. Over the previous 5 years, the inventory has delivered over 2,400 % returns.
What Occurred
Tejas Networks Restricted (the ‘Firm’) acquired Rs.189.1657 crore from the Ministry of Communications, Division of Telecommunications, New Delhi, on March 29, 2025, below the Manufacturing Linked Incentive (PLI) Scheme for Telecom and Networking Merchandise.
This quantity represents the primary installment, which is 85 % of the full incentive for the primary two quarters of the monetary yr 2024-2025. The remaining stability is predicted to be launched later, as per the rules of the PLI Scheme.
This funding is part of the federal government’s initiative to assist the expansion and growth of the telecom and networking sector, and it’s anticipated to considerably profit Tejas Networks in increasing its enterprise operations. The monetary assist will help in driving innovation and strengthening the corporate’s place within the extremely aggressive telecom and networking market.
Wi-fi Enterprise
Tejas Networks has accomplished RAN (Radio Entry Community) provides for over 27,000 websites, bringing the full variety of websites delivered to greater than 86,000 for BSNL’s 4G/5G community. The corporate can also be actively engaged in ongoing Proof of Ideas (POCs) with home operators for each 4G and 5G applied sciences. Moreover, Tejas Networks is in discussions with a number of worldwide operators for the customization of 5G radios to swimsuit country-specific frequency bands.
Additionally learn: Will Raymond Dominate the Actual Property Enterprise In Mumbai? Right here’s what it’s good to know
Wireline Enterprise
Within the wireline sector, Tejas Networks has signed a three-year contract with Vodafone Thought to produce tools for his or her nationwide 4G and 5G cell backhaul community. The corporate has additionally been chosen because the broadband tools provider for the BharatNet Final Mile Connectivity (LMC) venture in Tamil Nadu, led by the state.
Moreover, Tejas accomplished a PoC and acquired preliminary buy orders for a community modernization venture in america. Moreover, the corporate has secured orders from an operator in Asia for the growth of their cell backhaul community.
Monetary Overview
In its latest monetary replace, Tejas Networks Ltd reported consolidated income of Rs.2,642 crores for Q3 FY25, reflecting a considerable 372 % enhance in comparison with Rs.560 crores in Q3 FY24. Furthermore, the corporate reported a turnaround in web income to Rs.166 crores in Q3 FY25, from a web lack of Rs.45 crores posted throughout the identical interval final yr.
Ratio Evaluation
The corporate has a Return on Capital Employed (ROCE) of 13.16 % and a Return on Fairness (ROE) of 12.22 %. Its Value-to-Earnings (P/E) ratio stands at 20.12, decrease than the business common of 29.79. Moreover, the corporate maintains a present ratio of two.44, a debt-to-equity ratio of 0.78, and an Earnings Per Share (EPS) of Rs.37.78.
Shareholding Sample
As of December 2024, the shareholding sample of Tejas Networks Ltd reveals that promoters maintain 54.01 % stake, whereas Overseas Institutional Traders maintain 8.04 %, Home Institutional Traders maintain 4.65 %, and Retail Traders maintain 32.65 % stake within the firm. Ace investor Vijay Kedia holds a 1.31 % stake within the firm by way of his agency, Kedia Securities Personal Restricted.
Written by – Siddesh S Raskar
Disclaimer
The views and funding suggestions expressed by funding specialists/broking homes/ranking companies on tradebrains.in are their very own, and never that of the web site or its administration. Investing in equities poses a danger of monetary losses. Traders should subsequently train due warning whereas investing or buying and selling in shares. Dailyraven Applied sciences or the writer usually are not responsible for any losses brought on because of the choice based mostly on this text. Please seek the advice of your funding advisor earlier than investing.
The put up Vijay Kedia inventory jumps 7% after receiving ₹189 Cr from Ministry of Communications below PLI Scheme appeared first on Commerce Brains.
