"TEJASNET ₹1150 5G powerhouse! BSNL ₹19K Cr order + Q4 execution = ₹1250 rocket! BharatNet/PLI telecom king! "

Company Business & Future Outcomes

TEJASNET India's premier indigenous telecom equipment manufacturer specializing optical transport networks, wireless backhaul, 5G RAN solutions, broadband access equipment, defense communication systems; strategic vendor to BSNL (₹19,000 Cr 4G/5G stack), MTNL, RailTel, serving 75+ countries with Tier-1 operators. Growth catalysts include BharatNet Phase III rural broadband, international hubs (US/Europe/Africa targeting 30% revenue mix by 2026), Saankhya Labs satellite IoT acquisition, PLI telecom scheme benefits. Management projects revenue CAGR 25%+, EBITDA margins 18-20% trajectory supporting analyst price targets ₹1,500-1,800 short-term, ₹2,500+ long-term on 5G/AI data center dominance. News Events & Impact BSNL 4G equipment supply acceleration under ₹19,000 Cr mega-contract triggered recent rally positioning TEJASNET as IndiaStack 5G champion. Q1 sequential revenue normalization expected but record order book ₹8,000+ Cr reaffirms execution confidence. International Tier-1 wins + Tata Group strategic backing enhance institutional conviction. Micro & Macro Events Micro events: Q4 FY26 results 15-Apr-2026 (consensus revenue ₹800-1,000 Cr BSNL ramp-up, EBITDA margin 15-18%, BSNL order execution update critical), Saankhya Labs integration update। Macro tailwinds: BSNL 4G/5G nationwide rollout, BharatNet Phase III ₹1.5 lakh Cr rural broadband, PLI telecom scheme ₹12,000 Cr indigenous manufacturing incentives, China equipment ban creating market monopoly। Execution risks: BSNL payment delays.