Maestros Electronics jumps 4% after securing ₹6.5 Cr order from Ministry of Defence

The shares of leading medical equipment manufacturers gained up to 4 percent after the company secured a prestigious purchase order from the Ministry of Defence worth Rs 6.5 crore.

Reason For Rise

With a market capitalization of Rs 110.20 crore, the shares of Maestros Electronics & Telecommunications Systems Ltd closed at Rs 196.10 per share, decreasing around 2.66 percent compared to the previous closing price of Rs 201.45 apiece.

Reason for Rise

According to the company filing, Maestros Electronics & Telecommunications Systems Ltd received a purchase order (PO) from DG Armed Forces Medical Service (Department of Defence) for the delivery of 460 pieces of a product named METSL TFT Display Cardiac Monitor with a defibrillator. Worth Rs 6.49 crore.

Financial Performance

Looking forward to the company’s financial performance, revenue increased by 50 percent from Rs 3.35 crore in Q3FY24 to Rs 5.01 crore in Q3FY25. During the same period, net profit increased by 294 percent, from Rs 0.19 crore to Rs 0.75 crore.

Product Profile

The company offers cardiology products like ECG machines, patient monitors, defibrillators, and pulse oximeters. In mother and child care, it provides fetal monitors. Its home care and eHealth solutions include eUNO-BT, Coddle Beat, and eUNO-WiFi. It also operates an offshore eICU for remote critical care via real-time connectivity.

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Clientele

The company has a strong clientele across the healthcare and financial sectors. Key healthcare clients include Stemi, Health Watch, Ramesh Hospitals, OTTET Telemedicine, Tricog, Debel, Madhav Baug, and CDAC. Financial clients include Chola, Fullerton, Novopay, AGS Transact, IDFC Bank, L&T Finance, ICICI Bank, and Mahindra Finance.

Financial Metric

In the return ratios, the return on equity (RoE) in FY24 stood at around 17.6 percent, and the return on capital employed was around 23.3 percent. The debt-to-equity ratio stood around 0.07 as of FY24.

Company Profile

Maestros Electronics & Telecommunications Systems Limited is an India-based design, development and manufacturing company. The Company is focused on developing products and services for financial inclusion, cardiology, gynecology, critical care patients, and disease management in medicine.

Written by Abhishek Singh

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