Tejas Networks (NSE:TEJASNET) Operating Income: ₹-9,600 Mil (TTM As of Mar. 2026)

What is Tejas Networks Operating Income?

Tejas Networks NSE:TEJASNET +1.48% 56 Operating Income is ₹-9,600 Mil as of Mar. 2026. GuruFocus rates NSE:TEJASNET with a GF Score™ of 56/100 and a GF Value™ of ₹357.56 (Significantly Overvalued). The stock has 11 warning signs investors should review.

Tejas Networks's Operating Income for the three months ended in Mar. 2026 was ₹-2,190 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹-9,600 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Tejas Networks's Operating Income for the three months ended in Mar. 2026 was ₹-2,190 Mil. Tejas Networks's Revenue for the three months ended in Mar. 2026 was ₹3,324 Mil. Therefore, Tejas Networks's Operating Margin % for the quarter that ended in Mar. 2026 was -65.90%.

Tejas Networks's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tejas Networks's annualized ROC % for the quarter that ended in Mar. 2026 was -7.91%. Tejas Networks's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -18.29%.

Tejas Networks (NSE:TEJASNET) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Tejas Networks's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	-8761.2 * ( 1 - 24.74% )	/	( (0	+	83332.8)	/ 1 )
=	-6593.67912	/	83332.8
=	-7.91 %

where

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	Invested Capital		(Q: Mar. 2026 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	94027.3	-	6002.8	-	( 4691.7	-	max(0, 57536	-	68975.7	+	4691.7	))
=	83332.8

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Tejas Networks's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-8350.4	/	( ( (0 + max(0, 0))	+	(5339.4 + max(40328.1, 0)) )	/	1 )
=	-8350.4	/	( ( 0	+	45667.5 )	/	1 )
=	-8350.4	/	45667.5
=	-18.29 %

where Working Capital is:

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(32564.5	+	24381.9	+	5930.4)	-	(6002.8	+	0	+	16545.9)
=	40328.1

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Tejas Networks's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	-2190.3	/	3323.9
	=	-65.90 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Tejas Networks Operating Income Related Terms

Tejas Networks Operating Income Historical Data

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The historical data trend for Tejas Networks's Operating Income can be seen below:

Tejas Networks Operating Income Chart

Tejas Networks Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Operating Income

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-1,547.00

-1,036.00

1,042.10

9,247.60

-10,716.90

Tejas Networks Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Operating Income	Get a 7-Day Free Trial															183.60	-2,321.30	-3,946.80	-1,141.20	-2,190.30

56GF Score

Tejas Networks Ltd NSE:TEJASNET

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Tejas Networks Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-9,600 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of ₹-9,600 Mil mean?

Tejas Networks (NSE:TEJASNET) has a Operating Income of ₹-9,600 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Tejas Networks and its competitors.

Is Tejas Networks' Operating Income too high?

Tejas Networks' current Operating Income is ₹-9,600 Mil. Overall, Tejas Networks has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Tejas Networks' Operating Income compare to CSCO and CIEN?

Tejas Networks' Operating Income of ₹-9,600 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Operating Income for a Hardware company?

A good Operating Income depends on the Hardware industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Operating Income mean?

A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Tejas Networks and its competitors. Tejas Networks's current Operating Income is ₹-9,600 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Tejas Networks stock overvalued right now?

Based on GuruFocus' analysis, Tejas Networks (NSE:TEJASNET) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹357.56, compared to a current price of ₹612.50 — trading 71.3% above its estimated fair value. The current Operating Income is ₹-9,600 Mil. Tejas Networks' overall GF Score™ is 56/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Operating Income calculated?

Operating Income is calculated from a company's financial statements. For Tejas Networks (NSE:TEJASNET), the current Operating Income is ₹-9,600 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tejas Networks (NSE:TEJASNET) Overvalued in 2026?

Based on GuruFocus' analysis, Tejas Networks stock appears to be overvalued. The current stock price of ₹612.50 is trading 71.3% above its estimated GF Value™ of ₹357.56. GuruFocus considers Tejas Networks to be Significantly Overvalued.

Key valuation signals for NSE:TEJASNET:

Operating Income: ₹-9,600 Mil
GF Value™: ₹357.56 vs. price of ₹612.50 (71.3% above fair value)
GF Score™: 56/100 with 11 warning signs

No single metric tells the full story. See the NSE:TEJASNET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tejas Networks Business Description

Industry Technology Hardware

Comparable Companies BOM:532493 BOM:532406 NSE:PACEDIGITK BOM:530555 BOM:504112 BOM:533146 BOM:532775 BOM:526775 BOM:523411 NSE:PANACHE CSCO SZSE:300308 SHSE:601138 SZSE:300502 OHEL:NOKIA CIEN MSI LITE HPE SZSE:300394

Other Exchanges 540595:India

Address Hosur Road, Electronic City, Phase 1, J.P. Software Park, Plot No. 25, 5th Floor, Survey No. 13, 14, 17,18, Konnapana Agrahara Village, Begur Hobli, Bengaluru, KA, IND, 560100

Website https://www.tejasnetworks.com

Tejas Networks Ltd is an optical and data networking products company. The company designs, develops, and manufactures high-performance products for building high-speed communication networks that carry voice, data, and video traffic from fixed-line, mobile, and broadband networks. It serves telecommunications service providers, internet service providers, utilities, defense, and government entities. It derives a majority of its revenue from India and the rest from International markets.

56GF Score

Get the complete analysis for NSE:TEJASNET

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹612.50

Price

₹357.56

GF Value

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