Sterlite Technologies vs HFCL vs Tejas Networks: Which Stock Should You Track

Sterlite Technologies PE 183.33, mkt cap Rs 44,576 crore. HFCL PE 54.97, mkt cap Rs 33,237 crore. Tejas Networks PE NA, mkt cap Rs 9,295 crore.

Updated: 24 Sept 2026 • 9:53 am

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Sterlite Technologies vs HFCL vs Tejas Networks: Which Stock Should You Track

Quick Answer

Sterlite Technologies vs HFCL vs Tejas Networks is a side-by-side comparison of three companies from the Telecom Equipment and Networking space. On this comparison, Sterlite Technologies carries a market capitalisation of about Rs 44,576 crore against Rs 33,237 crore for HFCL and Rs 9,295 crore for Tejas Networks, with return on equity of 2.10%, 6.37% and -31.01% respectively. Each company's numbers are presented here without a declared better pick, since the right stock depends on an investor's own criteria.

Sterlite Technologies vs HFCL vs Tejas Networks starts with the core numbers most investors compare within the Telecom Equipment and Networking segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.

All three names sit in the Telecom Equipment and Networking bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.

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Table of Contents

Sterlite Technologies, HFCL and Tejas Networks: Company Overview

Sterlite Technologies is a listed Indian company in the Telecom Equipment and Networking space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

HFCL is a listed Indian company in the Telecom Equipment and Networking space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Tejas Networks is a listed Indian company in the Telecom Equipment and Networking space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Sterlite Technologies vs HFCL vs Tejas Networks: Valuation and Profitability Snapshot

Metric	Sterlite Technologies	HFCL	Tejas Networks
Market Cap (approx.)	Rs 44,576 crore	Rs 33,237 crore	Rs 9,295 crore
PE Ratio (TTM)	183.33	54.97	NA
PB Ratio	12.24	6.80	3.17
Return on Equity (ROE)	2.10%	6.37%	-31.01%
EPS (TTM, Rs)	4.73	3.95	-51.50
Dividend Yield	0.00%	0.09%	0.00%
Debt to Equity	0.86	0.36	1.43
Book Value per Share (Rs)	70.86	31.95	164.40

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On valuation, Sterlite Technologies trades at a PE of 183.33 and a PB of 12.24, HFCL at a PE of 54.97 and a PB of 6.80, while Tejas Networks trades at a PE of NA and a PB of 3.17. On return on equity, the three post 2.10%, 6.37% and -31.01% respectively, and on dividend yield they stand at 0.00%, 0.09% and 0.00%.

Sterlite Technologies vs HFCL vs Tejas Networks: Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)
Sterlite Technologies	Rs 1,922.00 crore	Rs 197.00 crore	+87.1%	+31.3%
HFCL	Rs 1,946.13 crore	Rs 245.64 crore	+119.8%	+5.4%
Tejas Networks	Rs 411.13 crore	Rs -202.24 crore	+94.4%	+19.9%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three telecom equipment and networking names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.

Conclusion

Sterlite Technologies vs HFCL vs Tejas Networks highlights how differently three companies in the same telecom equipment and networking segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

FAQs on Sterlite Technologies vs HFCL vs Tejas Networks

What is the market cap difference between Sterlite Technologies, HFCL and Tejas Networks?

Ans. As of September 2026, Sterlite Technologies has a market cap of approximately Rs 44,576 crore, HFCL is at approximately Rs 33,237 crore, and Tejas Networks is at approximately Rs 9,295 crore.

Which of the three has the highest PE ratio?

Ans. Among Sterlite Technologies, HFCL and Tejas Networks, the PE ratios stand at 183.33, 54.97 and NA respectively as of September 2026.

Which of the three has the highest ROE?

Ans. Sterlite Technologies, HFCL and Tejas Networks post ROE of 2.10%, 6.37% and -31.01% respectively as of September 2026.

Which of these three stocks pays the highest dividend yield?

Ans. Sterlite Technologies, HFCL and Tejas Networks carry dividend yields of 0.00%, 0.09% and 0.00% respectively.

What is the debt to equity ratio for Sterlite Technologies, HFCL and Tejas Networks?

Ans. Sterlite Technologies carries a debt to equity of 0.86, HFCL of 0.36, and Tejas Networks of 1.43.

Which of the three trades at the highest price to book value?

Ans. Sterlite Technologies, HFCL and Tejas Networks trade at price to book ratios of 12.24, 6.80 and 3.17 respectively.

Is one of Sterlite Technologies, HFCL or Tejas Networks better than the others?

Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research.