Maestros Electronics & Telecommun. Systems Ltd
Incorporated in 2010, Maestros Electronics & Telecommunications Systems Ltd is in the business of Electronics & Instrumentation (E&T) and Telemedicine[1]
- Market Cap ₹ 67.9 Cr.
- Current Price ₹ 123
- High / Low ₹ 262 / 106
- Stock P/E 18.1
- Book Value ₹ 67.2
- Dividend Yield 0.00 %
- ROCE 16.7 %
- ROE 13.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 122 to 44.4 days.
- Promoter holding has increased by 4.54% over last quarter.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.2.64 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 14.30 | 16.54 | 11.04 | 12.86 | 9.22 | 9.53 | 13.54 | 47.55 | 11.15 | 24.60 | 33.29 | 28.89 | 29.18 | |
| 13.30 | 15.09 | 10.27 | 11.38 | 9.47 | 8.87 | 11.94 | 39.06 | 10.11 | 20.93 | 27.37 | 24.75 | 25.97 | |
| Operating Profit | 1.00 | 1.45 | 0.77 | 1.48 | -0.25 | 0.66 | 1.60 | 8.49 | 1.04 | 3.67 | 5.92 | 4.14 | 3.21 |
| OPM % | 6.99% | 8.77% | 6.97% | 11.51% | -2.71% | 6.93% | 11.82% | 17.85% | 9.33% | 14.92% | 17.78% | 14.33% | 11.00% |
| 0.39 | 0.55 | 0.84 | 0.52 | 0.82 | 0.58 | 0.47 | 0.96 | 1.48 | 1.26 | 2.24 | 2.43 | 2.64 | |
| Interest | 0.32 | 0.42 | 0.32 | 0.37 | 0.33 | 0.31 | 1.10 | 1.37 | 0.46 | 0.52 | 0.80 | 0.48 | 0.37 |
| Depreciation | 0.39 | 0.56 | 0.65 | 0.60 | 0.44 | 0.46 | 0.45 | 0.36 | 0.37 | 0.39 | 0.45 | 0.39 | 0.42 |
| Profit before tax | 0.68 | 1.02 | 0.64 | 1.03 | -0.20 | 0.47 | 0.52 | 7.72 | 1.69 | 4.02 | 6.91 | 5.70 | 5.06 |
| Tax % | 23.53% | 32.35% | 31.25% | 32.04% | 25.00% | 25.53% | 32.69% | 26.94% | 25.44% | 25.87% | 28.51% | 23.16% | |
| 0.52 | 0.69 | 0.45 | 0.70 | -0.25 | 0.34 | 0.35 | 5.64 | 1.25 | 2.98 | 4.94 | 4.38 | 3.76 | |
| EPS in Rs | 1.59 | 1.88 | 1.13 | 1.62 | -0.53 | 0.69 | 0.67 | 10.24 | 2.27 | 5.41 | 8.97 | 7.95 | 6.82 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 22.04% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 16% |
| 3 Years: | 37% |
| TTM: | -13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 66% |
| 3 Years: | 51% |
| TTM: | -25% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 1% |
| 3 Years: | 25% |
| 1 Year: | -25% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 15% |
| 3 Years: | 14% |
| Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.28 | 3.68 | 3.97 | 4.31 | 4.71 | 4.94 | 5.24 | 5.51 | 5.51 | 5.51 | 5.51 | 5.51 | 5.51 |
| Reserves | 5.07 | 5.97 | 7.41 | 8.06 | 8.24 | 9.41 | 10.12 | 16.08 | 17.05 | 20.06 | 25.02 | 29.37 | 31.54 |
| 3.53 | 3.99 | 2.59 | 3.88 | 2.61 | 2.56 | 8.23 | 2.10 | 2.10 | 4.79 | 5.35 | 3.60 | 2.97 | |
| 5.12 | 6.00 | 6.87 | 5.87 | 5.98 | 5.17 | 16.90 | 34.39 | 29.43 | 11.99 | 21.39 | 20.48 | 18.53 | |
| Total Liabilities | 17.00 | 19.64 | 20.84 | 22.12 | 21.54 | 22.08 | 40.49 | 58.08 | 54.09 | 42.35 | 57.27 | 58.96 | 58.55 |
| 6.56 | 6.38 | 5.89 | 8.44 | 8.09 | 8.22 | 8.01 | 7.89 | 7.85 | 8.46 | 8.21 | 9.00 | 10.10 | |
| CWIP | 0.00 | 1.36 | 2.82 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.71 | 5.59 | 5.03 |
| Investments | 0.00 | 0.14 | 0.14 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 |
| 10.44 | 11.76 | 11.99 | 13.68 | 13.45 | 13.86 | 32.48 | 50.19 | 46.24 | 33.89 | 45.35 | 43.37 | 42.42 | |
| Total Assets | 17.00 | 19.64 | 20.84 | 22.12 | 21.54 | 22.08 | 40.49 | 58.08 | 54.09 | 42.35 | 57.27 | 58.96 | 58.55 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3.31 | 1.83 | 1.00 | -1.39 | -1.91 | -0.85 | -3.55 | 27.69 | -8.47 | -5.76 | 7.25 | 5.63 | |
| -5.70 | -1.33 | -1.48 | 0.26 | 0.56 | 0.27 | 1.99 | 1.95 | 0.91 | 3.55 | -7.02 | -5.24 | |
| 0.09 | 0.63 | 0.47 | 0.68 | 0.47 | 0.23 | 2.09 | -4.50 | -0.74 | 1.65 | -0.24 | -0.39 | |
| Net Cash Flow | -2.30 | 1.12 | -0.02 | -0.45 | -0.88 | -0.36 | 0.53 | 25.15 | -8.30 | -0.56 | -0.01 | 0.00 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 78.62 | 73.71 | 105.80 | 96.78 | 91.45 | 107.24 | 83.30 | 94.49 | 384.64 | 149.12 | 172.36 | 44.35 |
| Inventory Days | 7.19 | 20.24 | 34.11 | 83.72 | 172.85 | 221.61 | 524.81 | 179.81 | 359.80 | 494.60 | ||
| Days Payable | 113.16 | 137.12 | 309.85 | 199.24 | 318.37 | 221.61 | 153.48 | 137.38 | 236.18 | 296.92 | ||
| Cash Conversion Cycle | -27.36 | -43.17 | -169.94 | -18.74 | -54.07 | 107.24 | 454.62 | 94.49 | 384.64 | 191.54 | 295.98 | 242.02 |
| Working Capital Days | -100.06 | -106.15 | -165.64 | -94.51 | -91.84 | -28.73 | 120.23 | -138.17 | -284.47 | 2.52 | -35.96 | -64.56 |
| ROCE % | 8.34% | 11.29% | 6.95% | 9.27% | 0.82% | 4.80% | 8.00% | 38.45% | 8.98% | 16.32% | 23.28% | 16.68% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Nov - Read with Schedule Il of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 please find enclosed copy of newspaper publication dated November 14, 2025, in …
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Un-Audited Financial Results Of The Company For The Quarter And Half Year Ended September 30, 2025, Approved And Considered By The Board At The Board Meeting Of The Company Held Today I.E., November 12, 2025.
12 Nov - Approved unaudited Q2/H1 results ended Sep 30, 2025; H1 consolidated revenue Rs1,763.67 lakh, PAT Rs218.85 lakh
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Board Meeting Outcome for Outcome Of The Board Meeting Of The Company Held Today I.E., November 12, 2025
12 Nov - Board approved unaudited standalone and consolidated Q2/H1 results to Sept 30, 2025; limited review attached.
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Board Meeting Intimation for Considering And Approving The Un- Audited Standalone And Consolidated Financial Results Along With The Limited Review Report For The Quarter And Half Year Ended September 30, 2025.
6 Nov - Board to meet Nov 12, 2025 to approve Q2/H1 Sep 30, 2025 unaudited results; trading window closed.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
25 Oct - Listing Regulations, we enclose herewith copies of newspaper advertisements published in the following newspaper regarding the opening of special window for re-lodgement of the transfer …
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Business Overview:[1]
Company is a design, development and manufacturing company which creates
products and services for financial inclusion, cardiology, gynecology, critical care patient
and diseases management in medicine. It specializes in Medical device manufacturing, Telemedicine and Healthcare Solutions and Business Automation (Banking and Micro finance, financial inclusion, PDS automation)