The shares of this company involved in the business of Electronics & Instrumentation (E&T) and Telemedicine saw its shares rise by 4 percent to an intra-day high of Rs 154 apiece from its previous close after the firm received an order worth over Rs 76 lakhs from DG Armed Forces Medical Service for the delivery of 178 Portable ECG machines.
Share price movement:
The market capitalization of Maestros Electronics & Telecommun Systems Limited stood at Rs 82.10 crores and the shares of this company delivered a multi-bagger return of 110.20 percent over the last year and 53.53 percent year to date (YTD). The shares were trading at Rs 149 levels at 11:15 am up by 0.61 percent on Thursday’s market hours.
What happened:
As per the filings published by Maestros Electronics Limited, the firm has received an order worth over Rs 76 lakhs From DG Armed Forces Medical Service for the delivery of 178 Portable ECG machines that can record 12 heart signals at once, print results on A4 thermal paper, and automatically measure important health parameters.
The delivery date of the order is 120 days from the date of signing the contract.
Financials:
The net sales generated by Maestros Limited fell by 38.6 percent from Rs 14.17 crores in Q4FY24 to Rs 8.7 crores in Q1FY25. The net profits also fell by 51.5 percent from Rs 2.58 crores to Rs 1.25 crores in the same time frame.
Ratios:
The trailing 12 months debt to equity ratio of Mestros Limited stood at 0.18 times. For the same period, The ROE and ROCE of the company stood at 17 percent and 22 percent respectively.
Product Portfolio:
Maestros offers a range of products across different categories. Their telemedicine solutions include CareNest Mini, CareNest, and CareNest Pro. For critical care, they provide MR 300 mini, MR 300, MR 900, and MR 900 Pro. They also have mother and child care devices like the CTG 150 and CTG 150 Pro.
R&D expenses and cash flow from operations:
From March 2023 to March 2024, the Research and development expenses of the firm increased by 36 percent from Rs 1.30 Lakh To Rs 1.77 Lakh. Also for the same period, the cash flow from operations of the company saw a transition from a negative flow of Rs 5.73 crores to a positive flow of Rs 7.25 crores.
Recent acquisitions:
The board of directors of Maestros has recently considered and approved the incorporation of a wholly owned subsidiary named Carebridge Technologies India Private Limited for an investment of up to Rs 1 crore. This acquisition will be in line with the company’s current business activities, aiming to extend or enhance its existing operations, and will be completed on or before October 30, 2024.
Active users and cities:
Maestro Limited caters to 26 million active users over 20 plus cities.
Shareholding Pattern:
Maestros Electronics & Telecommun. Systems Limited’s share-holding pattern as of June 2024 stood at 55.59 percent for the promoters, 44.20 percent for the public, and 0.20 percent for the FII.
About the Company:
Incorporated in 2010, Maestros Electronics & Telecommunications Systems Ltd is in the business of Electronics & Instrumentation (E&T) and Telemedicine.
Written By Zahal
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