
Tejas Networks vs ITI Limited: Share Price, PE, ROE Compared
Tejas Networks MCap Rs 9,282 Cr, LOSS-MAKING (EPS -51.54, ROE -31.01%). ITI Limited MCap Rs 27,527 Cr, PE 94.01x, ROE -8.20%. Both problematic financials.
Updated: 12 Aug 2026 • 4:10 pm
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Tejas Networks vs ITI Limited is a comparison telecom equipment investors look up when evaluating two listed Indian government-backed telecom companies. Tejas Networks, a Bengaluru-based company (Tata Group subsidiary), designs and makes optical networking equipment (DWDM, SDH, broadband) used by telecom operators globally. ITI Limited (Indian Telephone Industries), a Bengaluru-based Government of India enterprise, historically made telephone exchanges and telecom equipment and now manufactures electronic products for government orders. The Tejas Networks versus ITI comparison shows two troubled telecom equipment companies – Tejas is loss-making and ITI has near-negative ROE.
This Tejas Networks vs ITI Limited article covers reach and market position, key products, latest declared results and stock valuation. All data is sourced from Groww and public company filings.
Reach and Market Position
In this Tejas Networks vs ITI Limited comparison, Tejas Networks sells optical networking and broadband equipment to telecom operators (BSNL, foreign carriers) and state governments for digital connectivity projects. Market capitalisation is Rs 9,282 Cr.
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ITI Limited manufactures electronic products (SIM cards, smart meters, defence electronics) under Make in India programmes for government agencies. Market capitalisation is Rs 27,527 Cr.
Key Products and Business Mix
For the Tejas Networks vs ITI Limited product breakdown, Tejas Networks: Tejas earns from optical networking equipment. EPS is -Rs 51.54 (LOSS-MAKING!). ROE is -31.01 percent. Tejas Networks is currently loss-making – investors must note this prominently.
ITI Limited: ITI earns from electronic manufacturing services for government. EPS is Rs 3.04 (thin). PE is 94.01x (thin earnings), ROE -8.20 percent. ITI has near-negative ROE despite thin positive EPS.
Latest Results and Financial Data
On the Tejas Networks vs ITI Limited results front: Tejas Networks has a market cap of Rs 9,282 Cr and is LOSS-MAKING. Despite being a Tata Group company, Tejas faces significant execution challenges.
ITI Limited has a market cap of Rs 27,527 Cr and PE of 94.01x – artificially high due to thin earnings. ROE is -8.20 percent. ITI is 3 times larger than Tejas by market cap but has problematic financial metrics.
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Stock Performance and Valuation
Investors tracking the Tejas Networks vs ITI Limited comparison should verify current prices on NSE or BSE before trading. The Tejas Networks vs ITI Limited stock data below reflects the latest available figures from Groww and public company filings.
Tejas Networks versus ITI Limited: Tejas (Rs 9,282 Cr, LOSS-MAKING) vs ITI (Rs 27,527 Cr, PE 94.01x, ROE -8.20%). Comparing Tejas and ITI, both face significant financial challenges in the current period.
Tejas Networks vs ITI Limited: Quick Comparison Table
The comparison table below summarises the key metrics side by side.
| Parameter | Tejas Networks | ITI Limited |
|---|---|---|
| Sector | Optical networking equipment: DWDM, broadband (Tata Group, Bengaluru) | Electronic manufacturing: SIM cards, smart meters, defence (Government PSU, Bengaluru) |
| Market Cap | Rs 9,282 Cr | Rs 27,527 Cr |
| Profitability | LOSS-MAKING (EPS -51.54) | Thin earnings (PE 94.01x, ROE -8.20%) |
| Ownership | Tata Group subsidiary | Government of India (PSU) |
| Products | Optical networking, broadband, DWDM | SIM cards, smart meters, defence electronics |
| Revenue Driver | Telecom operator contracts (BSNL, global) | Government Make-in-India orders |
| Status | Loss-making, operational challenges | Near-breakeven, thin ROE |
Conclusion
The Tejas Networks vs ITI Limited comparison above covers reach, products, results and valuation. Tejas Networks versus ITI Limited covers two government-linked telecom equipment companies with challenging financial profiles. Tejas is loss-making despite Tata group backing and global networking technology. ITI has near-negative ROE despite government order support. The Tejas Networks and ITI comparison shows two companies dependent on government orders to recover profitability. Consult a SEBI-registered advisor before investing in companies with problematic financial profiles.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. 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).
Frequently Asked Questions
What does Tejas Networks make?
Ans. Tejas Networks designs and manufactures optical transport networking (OTN), dense wavelength division multiplexing (DWDM) and broadband access equipment for telecom operators and governments.
What does ITI Limited make?
Ans. ITI Limited (Indian Telephone Industries) makes SIM cards, smart electricity meters, defence electronics and provides electronic manufacturing services for Indian government agencies under Make in India schemes.
Is Tejas Networks part of Tata Group?
Ans. Yes. Tejas Networks is a subsidiary of Tata Sons (through Tata Consultancy Services) – one of India's largest and most respected conglomerates.
Is ITI Limited a PSU?
Ans. Yes. ITI Limited is a Government of India public sector enterprise under the Ministry of Communications, one of India's oldest telecom equipment companies.
Which is larger, Tejas or ITI?
Ans. ITI Limited at Rs 27,527 Cr is approximately 3 times larger than Tejas Networks at Rs 9,282 Cr by market cap.
What is DWDM?
Ans. DWDM (Dense Wavelength Division Multiplexing) is a technology that transmits multiple data signals simultaneously over a single optical fibre by using different wavelengths of light – increasing fibre bandwidth dramatically.
Are Tejas and ITI in Nifty 50?
Ans. Neither is in Nifty 50.
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