Micro-cap stock jumps 2 percent in the day’s trade after it receives an order worth Rs. 5.89 Crore from DG Armed Forces Medical Service which is the head of the Armed Forces Medical Services, of the Indian Armed Forces.
At 10:43 a.m the shares of Maestros Electronics & Telecommunications Systems Limited Were trading at Rs. 82.94 per share, up 1.95 percent from its previous day close price of Rs. 81.35 and its market capitalization is Rs. 45.70 Crores.
Maestros Electronics & Telecommunications Systems Limited has received an order worth Rs. 5.89 Crore from DG Armed Forces Medical Service, for the supply of 338 pieces of METSL TFT Display Cardiac Monitor with defibrillator.
DG Armed Forces Medical Services is the head of the Armed Forces Medical Services of the Indian Armed Forces. The above order should be executed by March 8,2024.
The company’s revenue grew 120.63 percent from Rs. 11.15 Crores in FY22 to Rs. 24.6 Crores in FY23, accompanied by increasing profits of Rs. 1.25 Crores to Rs. 2.98 Crores.
It has reported a return on equity (ROE) of 12.38 percent and a return on capital employed (ROCE) of 16.51 percent, it is making good returns on its equity and capital employed.
Maestros Electronics & Telecommunications Systems Limited is a design, development and manufacturing company that provides products and services for financial inclusion, cardiology, gynaecology, critical care patients and diseases management. It usually operates in the field of Medical device manufacture, telemedicine, healthcare solution and business Automation.
Written by: Bharath K.S
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