TEJASNETTejas Networks Limited Forensic Risk Analysis

Telecom - Equipment & Accessories
Risk ClassModerate Deterioration
Market Cap₹8,349 Cr
Primary DriverEarnings Quality
Flagium AI Risk Score
Moderate stress emerging. While not critical, underlying pressure is building.
44 / 100
0 QoQ
Stable
Sentinel Insight

Some early signs of pressure are visible. Pressure has stabilized in profitability and earnings quality. This indicates that forensic pressure is currently receding. No major change in risk trend.

100.0th %ile (Sector)Accel: +0 Qtrs
Updated2026-06-02
Market View
₹537.3▲2.13%
PeriodQ4 FY26

Score Waterfall
Absolute contribution points of each forensic pillar to the final risk score. Derived from: Sector Baseline + Active Penalties - Mitigation Buffers.

Earnings Quality
+20.0 pts
Competitive Position
+15.0 pts
Balance Sheet Stress
+8.6 pts
Final Composite Risk44 / 100

Investment Risk Thesis

Historical Trend

Current risk score has risen from 14 → 44 over 13 quarters.

Expected Direction
⚠ Watch
Primary Deterioration Drivers
  • Margin Compression
  • Governance Integrity Shock
  • Relative Growth Weakness
What to Watch Next Quarter
  • Operating profit margins
  • Debt growth
  • Operating cash flow

Active Risk Objects (9)

CriticalHigh
Governance Integrity Shock
⚖️ Governance SignalsQuarterlyActive for 1 Qtrs
More Detail
Impact Weight12/15
MomentumDecaying
Last SignalQ1 FY2027
TEJASNET: Key governance event detected: DIRECTOR_RESIGNATION.

"Governance concerns are receding. Promoter alignment and board stability are improving."

Margin Compression
📊 Earnings QualityAnnualActive for 4 Years
More Detail
Impact Weight15/15
MomentumPersistent
Last SignalQ4 FY2026
Operating margin declined by 79.5 bps YoY for two consecutive quarters.

"Early signs of margin erosion. Input costs are beginning to eat into core profits."

Relative Growth Weakness
📊 Earnings QualityAnnualActive for 2 Years
More Detail
Impact Weight12/15
MomentumAccelerating
Last SignalQ4 FY2026
Revenue growth consistently lags behind sector median (11.0%).

"Early signs of earnings quality decay. Profitability is being driven by non-core items."

Operating Leverage Stress
📊 Earnings QualityAnnualActive for 4 Years
More Detail
Impact Weight10/15
MomentumPersistent
Last SignalQ4 FY2026
Expenses are consistently growing faster than revenues, creating operational pressure.

"The balance sheet is heavily over-leveraged. Interest payments are consuming most of the profit."

Low Interest Coverage
💧 Liquidity & CoverageQuarterlyActive for 8 Qtrs
More Detail
Impact Weight8/15
MomentumPersistent
Last SignalQ4 FY2026
TEJASNET: Low Interest Coverage Ratio of -2.90x in FY2026 Q4 (Threshold: 2.5x).

"Interest coverage is dangerously low. Even a minor fall in profit could trigger a default."

Profit Collapse
📊 Earnings QualityQuarterlyActive for 5 Qtrs
More Detail
Impact Weight8/15
MomentumDecaying
Last SignalQ3 FY2026
TEJASNET: Net Profit collapsed by 218.6% from FY2025 Q3 to FY2026 Q3.

"Earnings quality is stabilizing. The reliance on non-operational items is receding."

Negative FCF Streak
⚖️ Governance SignalsAnnualActive for 3 Years
More Detail
Impact Weight6/15
MomentumPersistent
Last SignalFY2026
TEJASNET: Negative Free Cash Flow for last 3 consecutive years.

"High capital expenditure and low OCF are draining cash. Debt levels may rise sharply."

Cash Conversion Deficit
📊 Earnings QualityAnnualActive for 3 Years
More Detail
Impact Weight6/15
MomentumPersistent
Last SignalFY2026
TEJASNET: OCF below Net Profit in 2/3 recent years.

"Cash conversion is dangerously low. Operational cash flow is significantly trailing reported PAT."

Revenue-Debt Divergence
🏛️ Solvency & LeverageAnnualActive for 1 Years
More Detail
Impact Weight6/15
MomentumAccelerating
Last SignalFY2026
TEJASNET: Revenue fell 87.3% while Debt rose 23.4% in 2026 vs 2025.

"Debt levels are creeping up. Monitor for signs of excessive borrowing for non-core activities."

Risk Trajectory
Historical 12-quarter risk trend (Q-11 to Q0) followed by a 2-quarter predictive funnel (Q+1, Q+2).
Loading Chart
Resilience Matrix
Diagnostic benchmarking comparing structural sensitivity and risk buffers against sector medians.
MetricValuevs SectorSignal
Volatility (σ)5.678.13✅ RESILIENT
Sensitivity (ε_s)11.00✅ RESILIENT
Escalation Prob.5%5%✅ NEUTRAL
Safety Buffer+22.0+43.5📈 CRITICAL
Forensic Benchmark Context: Telecom - Equipment & Accessories (n=6 peers)

Correlation Analysis
Visualizing the relationship between stock price movement and structural risk objects.

Loading Chart
Share Price
Risk Score (0-100)
Market Performance
₹537.3(+2.13%)
1M Divergence+29.04%
1 Week+7.16%
1 Month+29.42%
6 Months+6.94%
1 Year-24.2%
2 Year-51.61%
3 Year-22.76%
Sector Average (1M)+0.38%
Sentinel Forensic Assessment
ALGORITHMIC RISK PROFILE • NON-ADVISORY

The risk profile is Moderate Stress and currently consolidating. Recent structural triggers in earnings quality suggest a building pressure on the underlying framework. Material forensic traces are visible in operational margins and profitability metrics, indicating a progressive erosion of structural stability. Continued monitoring is necessary as risk levels remain above institutional safety parameters.

TEJASNET • MARKET STRUCTURE

Stage 1 — Accumulation

The company is in a foundational phase. Risk metrics are stabilizing as the company builds a base for potential future fundamental improvement.

Stage Transition Prob.15%
Trend QualityStabilizing
Phase Progression
Phase Progression Score55%
Readiness LabelModerate (Transition Potential Building)
Probability of Advancing15%
CoinTree Momentum
Composite Z-Score+0.6522σ
Improving momentum strength
Universe Rank
A cross-sectional rank of this stock's composite momentum score compared to all other tracked equities in the universe. A rank of #1 of 1035 means it has the strongest overall price momentum in the market.
#367 of 2716
Top 13.51% in momentum strength
Timeframe Sparklines
1W+7.2%
1M+29.4%
6M+6.9%
Weinstein Indicators
150 DMA₹439.26
200 DMA₹476.65
150 DMA Slope-3.1277%Declining
Relative Strength+12.43%Leading
Relative Turnover (RTR)1.2777
ParticipationHealthy

PEER COMPARISON

Ranked comparison against sector peers

This company shows higher risk compared to the Sector Mean (22.5).
BIRLACABLEBirla Cable Limited
25 Risk
Sector %ile60th
Delta-5
Active Flags21
Accel+0
Governance

Watch

AKSHOPTFBRAksh Optifibre Limited
26 Risk
Sector %ile80th
Delta-5
Active Flags24
Accel+0
Balance Sheet Stress

Watch

TEJASNETTejas Networks Limited
44 Risk
Sector %ile100th
Delta0
Active Flags9
Accel+0
Earnings Quality

Moderate Deterioration

* Peer comparison is based on risk signals, not valuation or returns.

Risk Profiles

Solvency
10100th %ile
VS Sector Median (8.5)
Governance
10100th %ile
VS Sector Median (8.5)
Earnings Quality
00th %ile
VS Sector Median (8.5)
Balance Sheet Stress
4.242.4th %ile
VS Sector Median (8.5)
Competitive Position
00th %ile
VS Sector Median (8.5)
Growth Sustainability
10100th %ile
VS Sector Median (8.5)

Deterioration Timeline

2026

Margin Compression

2026

Relative Growth Weakness

2026

Operating Leverage Stress

2026

Margin Compression

2026

Relative Growth Weakness

2026

Operating Leverage Stress

2026

Margin Compression

2026

Operating Leverage Stress

2026

Margin Compression

2026

Operating Leverage Stress

2026

Revenue-Debt Divergence

2026

Cash Conversion Deficit

2026

Negative FCF Streak

2025

Cash Conversion Deficit

2025

Negative FCF Streak

2024

Negative FCF Streak

2024

Cash Conversion Deficit

Key Financials (INR Cr)

PeriodRevenueNet ProfitOCFDebt
FY20261,137-9091354,035
FY20258,969447-4913,269
FY20242,53663-2,0361,744
FY20231,001-36-380-