Tejas Networks Ltd.

Financial

	Tejas Networks	HFCL	Black Box
Operational Metrics
IT
Net Sales by Employee Cost	2.11 .	n/a	n/a
Unclassified
R&D as a % of Total Sales	5.63 %	n/a	n/a
Financials
5 yr Average ROE	2.49 %	11.3 %	29.55 %
5yr average Equity Multiplier	1.74	2.05	4.8
5yr Average Asset Turnover Ratio	0.42	0.87	2.13
5yr Avg Net Profit Margin	-0.13 %	6.49 %	0.8 %
Price to Book	2.85	2.6	10.74
P/E	62.64	313.73	37.89
5yr Avg Cash Conversion Cycle	159.99 Days	82.93 Days	-147.23 Days
Inventory Days	191.24 Days	52.01 Days	13.82 Days
Days Receivable	119.73 Days	184.42 Days	23.46 Days
Days Payable	139.71 Days	173.65 Days	160.06 Days
5yr Average Interest Coverage Ratio	-4.74	3.33	1.59
5yr Avg ROCE	4.41 %	20.02 %	34.55 %
5yr Avg Operating Profit Margin	3.68 %	12.85 %	5.55 %
5 yr average Debt to Equity	0.28	0.34	0.26
5yr CAGR Net Profit	64.09 %	-6.23 %	n/a
5yr Average Return on Assets	0.76 %	5.57 %	1.69 %
Shareholdings
Promoter Holding	53.73 %	31.58 %	70.35 %
Share Pledged by Promoters	0.0	1.1 %	0.0
Change in Promoter Holding (3 Yrs)	1.33 %	-7.62 %	-0.86 %
Change in Mutual Fund Holding (3 Yrs)	0.28 %	10.46 %	0.0

Business

	Tejas Networks	HFCL	Black Box
Product Wise Break-Up	Product Wise Break-Up Optical and Data Networking products including multiplexers 92.75 Rendering of services 2.0 Component sales 0 Turnkey Contracts and Services 0 Telecom Products 0 OFC (Optical Fibre Cables) 0 Technology Product Solution (TPS) 0 System Integration (SI) 0 Others 5.25	Product Wise Break-Up 0 OFC (Optical Fibre Cables) 0 Technology Product Solution (TPS) 0 Component sales 0 Rendering of services 0 Turkey 23.67 System Integration (SI) 0 Telecom 76.33	Product Wise Break-Up 0 OFC (Optical Fibre Cables) 0 Technology Product Solution (TPS) 13.95 Component sales 0 Rendering of services 0 Turnkey Contracts and Services 0 System Integration 83.88 Telecom Products 0 Others 2.17
Location Wise Break-Up	Location Wise Break-Up India 81.0 Rest of the World 19.0 USA 0 International 0	Location Wise Break-Up Rest of the World 0 India 87.77 USA 0 International 12.23	Location Wise Break-Up Rest of the World 93.0 India 7.0 USA 0 International 0
Verticals	Verticals India-Pvt 94.0 International 3.0 India-Govt (PSU) 3.0 International -OEM 0	-	-