Tejas Networks Ltd.

Financial

	Tejas Networks	HFCL	Black Box
Operational Metrics
IT
Net Sales by Employee Cost	20.81 .	n/a	n/a
Unclassified
R&D as a % of Total Sales	5.63 %	n/a	n/a
Financials
5 yr Average ROE	-4.22 %	11.3 %	29.55 %
5yr average Equity Multiplier	1.41	2.05	4.8
5yr Average Asset Turnover Ratio	0.32	0.87	2.13
5yr Avg Net Profit Margin	-13.28 %	6.49 %	0.8 %
Price to Book	3.34	2.8	10.42
P/E	28.8	31.77	35.82
5yr Avg Cash Conversion Cycle	218.42 Days	82.93 Days	-147.23 Days
Inventory Days	206.77 Days	42.77 Days	13.82 Days
Days Receivable	141.0 Days	167.64 Days	23.46 Days
Days Payable	165.52 Days	190.11 Days	160.06 Days
5yr Average Interest Coverage Ratio	-8.86	3.72	1.59
5yr Avg ROCE	-2.54 %	20.02 %	34.55 %
5yr Avg Operating Profit Margin	-3.66 %	12.85 %	5.55 %
5 yr average Debt to Equity	0.11	0.34	0.26
5yr CAGR Net Profit	n/a	8.23 %	n/a
5yr Average Return on Assets	-4.03 %	5.57 %	1.69 %
Shareholdings
Promoter Holding	53.83 %	34.37 %	70.53 %
Share Pledged by Promoters	0.0	49.72 %	0.0
Change in Promoter Holding (3 Yrs)	16.66 %	-4.86 %	-0.03 %
Change in Mutual Fund Holding (3 Yrs)	-0.91 %	9.73 %	0.02 %

Business

	Tejas Networks	HFCL	Black Box
Product Wise Break-Up	Product Wise Break-Up Optical and Data Networking products including multiplexers 86.96 Rendering of services 6.7 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 6.34	Product Wise Break-Up Component sales 0 Turkey 42.45 OFC (Optical Fibre Cables) 0 Rendering of services 0 0 System Integration (SI) 0 Telecom 57.55 Technology Product Solution (TPS) 0	Product Wise Break-Up Component sales 0 Turnkey Contracts and Services 0 OFC (Optical Fibre Cables) 0 Rendering of services 0 0 System Integration 84.34 Telecom Products 0 Technology Product Solution (TPS) 13.15 Others 2.51
Location Wise Break-Up	Location Wise Break-Up India 93.73 Rest of the World 6.27 USA 0 International 0	Location Wise Break-Up International 11.12 USA 0 India 88.88 Rest of the World 0	Location Wise Break-Up International 0 USA 0 India 6.0 Rest of the World 94.0
Verticals	Verticals India-Pvt 93.0 International 3.0 India-Govt (PSU) 3.0 International -OEM 0 Others 1.0	-	-