Sunday, July 4, 2021

Tejas Networks Ltd (540595) – Higher Penetrations of Internet

Tejas Networks Ltd (540595) closes   at ₹180.55 with  a  Fall  of   -0.60%   on    02-July-2021  with formation of  a  Small Red Candle    on Daily  Price Chart.

About the Company : Tejas Networks is an optical and data networking products company that designs, develops and manufactures high-performance and future-ready products for building high-speed communication networks that carry voice, data and video traffic from fixed line, mobile and broadband networks.

Sector Update :  Positive

Financials : Tejas Networks Ltd has posted Net Sales / Revenue   of ₹526.60 Cr & Net Profit of  ₹37.50 Cr in FY2021 and expected to post Net Sales / Revenue   of ₹824.90 Cr & Net Profit of ₹82.20 Cr in FY2022 & Net Sales / Revenue   of ₹1073.00 Cr & Net Profit of ₹152.10 Cr in FY2023 .

Return of Equity (RoE)  will be improved from 3.39% in FY2021 to 13.20%  in FY2023 .

Valuations  : The Company is now Trading at X 2..80  of its  valuations of  FY2021 earnings with ~180% Premium and X1.26of its FY2022 earnings with ~26% Premium & X0.68 of its FY2023 earnings with ~32%  Discount.

Margin of Safety (1Yr Bond Yield: Value>1 ) is now  0.50   which  makes is attractive after ~50% dip in price. The  Equity Value Per Share ( Enterprise Value Method ) is  ₹158.70

If We factor its FY2023 earnings/valuations, its Price arrives at ₹750.00

Market Sentiment   Update : Our Nifty Next Indictor (NNI) is now at 117.94 as on 02-July-2021, which suggests the Return on Equity Investment will be 2.30% in next 6Month; 7.7% in 12M & 0.30%  in 24M( Based on Historical data).

Disclaimer : We are / may going to take exposure shortly.

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