Micro-cap electronics and telecommunication systems provider hit 5 percent upper circuit in the day’s trade after it received an order from employee state insurance corporation(ESIC) for a supply of 30 pieces of a product called METSL. 

At 10:25 a.m. the shares of Maestros Electronics & Telecommunications Systems Limited were trading at Rs. 89.20, up 4.07 percent from its previous day’s close price of Rs. 85.13 and its market capitalization is Rs. 49 Crores. 

Maestros Electronics & Telecommunications Systems Limited has received orders worth Rs. 25 Lakhs from Employees State Insurance Corporation (ESIC), for the supply of 30 pieces of a product named METSL with 2 channels TFT Preconfigured / Non-Modular Multipara Monitor. 

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. 

In FY23 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. It has debt to equity ratio of 0.19 and a profit margin of 12.11 percent. 

Maestros Electronics & Telecommunications Systems Limited is a design, development, and manufacturing company, it is engaged in providing products and services for financial inclusion, cardiology, gynecology, critical care patients, and diseases management. It usually operates in the fields of Medical device manufacture, telemedicine, healthcare solutions, and business Automation. 

Written by: Bharath K.S


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