Tejas Networks (NSE:TEJASNET) ROCE %: -22.88% (As of Mar. 2026)

What is Tejas Networks ROCE %?

Tejas Networks NSE:TEJASNET +0.60% 52 ROCE % is -22.88% as of Mar. 2026. GuruFocus rates NSE:TEJASNET with a GF Score™ of 52/100 and a GF Value™ of ₹357.49 (Significantly Overvalued). The stock has 11 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Tejas Networks's annualized ROCE % for the quarter that ended in Mar. 2026 was -22.88%.

Tejas Networks (NSE:TEJASNET) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Tejas Networks ROCE % Related Terms

Tejas Networks ROCE % Historical Data

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The historical data trend for Tejas Networks's ROCE % can be seen below:

* 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.

Tejas Networks ROCE % Chart

Tejas Networks Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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-7.43

-1.11

4.41

24.07

-27.27

Tejas Networks Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															2.49	-21.03	-38.92	-23.15	-22.88

52GF Score

Tejas Networks Ltd NSE:TEJASNET

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Tejas Networks ROCE % Calculation

Tejas Networks's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	-10747.7	/	( ( (104619.7 - 62291.6)	+	(94027.3 - 57536) )	/ 2 )
	=	-10747.7	/	( (42328.1	+	36491.3)	/ 2 )
	=	-10747.7	/	39409.7
	=	-27.27 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	-8350.4	/	( ( (0 - 0)	+	(94027.3 - 57536) )	/ 1 )
	=	-8350.4	/	( ( 0	+	36491.3 )	/ 1 )
	=	-8350.4	/	36491.3
	=	-22.88 %

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

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of -22.88% mean?

Tejas Networks (NSE:TEJASNET) has a ROCE % of -22.88% as of Mar. 2026.

Is Tejas Networks' ROCE % too high?

Tejas Networks' current ROCE % is -22.88%. Overall, Tejas Networks has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Tejas Networks' ROCE % compare to CSCO and CIEN?

Tejas Networks' ROCE % of -22.88% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.83. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Hardware company?

The median ROCE % among Hardware companies is 5.83, based on 2,444 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median ROCE % is 5.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tejas Networks's current ROCE % is -22.88%. 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 ₹357.49, compared to a current price of ₹624.00 — trading 74.6% above its estimated fair value. The current ROCE % is -22.88%. Tejas Networks' overall GF Score™ is 52/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Tejas Networks (NSE:TEJASNET), the current ROCE % is -22.88% 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 ₹624.00 is trading 74.6% above its estimated GF Value™ of ₹357.49. GuruFocus considers Tejas Networks to be Significantly Overvalued.

Key valuation signals for NSE:TEJASNET:

ROCE %: -22.88%
GF Value™: ₹357.49 vs. price of ₹624.00 (74.6% above fair value)
GF Score™: 52/100 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:532775 BOM:533146 BOM:504112 BOM:526775 BOM:523411 BOM:500060 CSCO SHSE:601138 SZSE:300308 SZSE:300502 CIEN OHEL:NOKIA 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.

52GF Score

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₹624.00

Price

₹357.49

GF Value

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