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On 6 Nov 2026, Maestros Electronics & Telecommunications Systems was priced at ₹88.06, or 13.1× trailing earnings, against an industry P/E of 34.9×, and the shares are 48% below their 52-week high. Sales and net profit grew 17% and 35% a year over 3 years, with ROCE of 18% and ROE of 19%. It carries very little debt. It is a small-cap company with a market cap of ₹97 Cr, ranked 9th of 9 Medical Devices companies by market cap; the shares fell 40% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹88.06
Day high
₹88.06
Day low
₹88.06
Prev. close
₹83.87
Volume
4.5K

Health check

2 good · 2 fair · 2 to check
  • ReturnsBehind

    −40.5% over a year, better than 2 of 7 peers.

  • Price tagCheaper

    P/E 13.1 vs industry 34.9.

  • GrowthSteady

    Sales +17.0%, profit +34.5% a year over 3 years.

  • ProfitabilityAverage

    ROCE 18.2% vs peer median 12.9%.

  • Balance sheetSolid

    Practically debt-free, Piotroski 6 of 9.

  • Red flags2 to check

    Quarterly sales down 3.3% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Medical Devices

8 listed peers. Screen the industry

Small cap

₹97 Cr, #9 of 9 in its industry by size.

Defensive

Beta 0.24 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹39 Cr · profit ₹7 Cr
Market cap
₹97 Cr
Small cap
P/E
13.1
Industry 34.9
Price to book
2.30
Peers 4.08
Dividend yield
0.00%
ROE
18.8%
Peers 10.7%
ROCE
18.2%
Peers 12.9%
Debt to equity
0.04
Debt ₹1.62 Cr
EPS (TTM)
₹6.71
OPM (TTM)
19.8%
Net margin 18.9%
Sales growth
−3.3%
Latest quarter vs a year ago
Profit growth
+9.2%
Latest quarter vs a year ago
Price to sales
2.48
EV/EBITDA 8.3

Strengths and risks

Strengths

  • Return on equity of 18.8%.
  • Practically debt-free.
  • P/E of 13.1 against an industry P/E of 34.9.

Risks to check

  • Quarterly sales down 3.3% on a year ago.
  • 48% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Maestros Electronics & Telecommunications Systems

Maestros Electronics & Telecommunications Systems Limited manufactures and sells medical equipment and telemedicine products. It operates through three segments: Medical, Electronics and Instrumentation, and Telemedicine. The company provides critical care products, such as ECG machines, patient monitors, defibrillators, pulse oximeters, spirometers, syringe pumps, and stress test machines; mother and child care products, including fetal monitors and…

Headquarters
Navi Mumbai
Employees
91
Sector
Healthcare
ISIN
INE318N01011
Website
maestroselectronics.com

Price range

52 weeks

₹72.65₹170.75

Today

₹88.06₹88.06
Avg volume (3M)
30.8K
1-year return
minus 40.5%
From 52-week high
minus 48.4%

Peers · Medical Devices

Compare with peersScreen the whole industry
Company
MOLBIOMolbio Diagnostics1,339.30minus 4.57%15,43492.612.9116.5%15.6%20.4%63.7%–0.00%plus 28.6%
SMTSahajanand Medical Technologies525.95plus 7.83%5,34677.37.4213.3%10.7%8.4%––0.00%plus 39.3%
FISCHERFischer Medical Ventures24.30minus 2.88%1,69810.44.0812.5%8.9%12.5%1097.3%–0.21%minus 73.4%
HSILHemant Surgical Industries628.65minus 0.21%91442.15.9519.5%18.1%10.0%28.4%33.5%0.00%plus 117.2%
UNIVPHOTOUniversus Photo Imagings480.00minus 1.49%525–0.65−9.5%−9.5%5.4%−24.3%–0.00%plus 74.8%
NURECANureca302.30minus 0.30%30261.41.53–2.5%8.3%9.7%–0.00%plus 17.4%
EARKARTEarkart111.00minus 5.13%15327.82.3712.1%11.7%15.3%23.2%55.5%0.00%minus 48.5%
METSLMaestros Electronics & Telecommunications Systems88.06plus 5.00%9713.12.3018.2%18.8%19.8%17.0%34.5%0.00%minus 40.5%
Median of 7 peers–−1.49%91451.84.0812.9%10.7%10.0%25.8%44.5%0.00%28.6%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
10.45.911.211.910.1
8.75.57.99.78.2
1.80.43.22.21.9
16.9%6.6%28.9%18.7%18.6%
0.50.80.50.90.5
0.10.10.100.1
0.10.10.10.10.1
––−0.4––
2.10.93.132.2
25.5%27.8%11.0%21.5%23.3%
1.50.72.72.31.7
2.781.194.934.263.04

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+17.0%
Profit CAGR 3Y
+34.5%
EPS CAGR 3Y
+34.5%
ROE
18.8%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
24.633.328.939.4
–+35.3%minus 13.2%+36.5%
20.927.424.831.8
3.75.94.17.6
14.9%17.8%14.3%19.3%
11.62.12.4
0.30.60.20.1
0.40.40.40.5
00.40.1−0.4
46.95.79
25.9%28.5%23.1%19.5%
34.94.47.3
–+65.7%minus 11.4%+65.9%
5.418.967.9413.16

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
5.55.55.55.5
20.12529.436.6
4.85.33.61.6
1221.420.620.8
42.457.35964.6
8.511.713.915.6
–3.54.96.4
18.22333.334.6
15.719.16.88
42.457.35964.6

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−5.87.35.61.8
3.6−7−5.2−0.8
1.6−0.2−0.4−0.8
−0.6−0−00.2
−1.1−3.9−3.1−2.1
−6.83.32.6−0.4

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you