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Maestros Electronics & Telecommunications Systems Ltd (538401)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 538401 NSE: Telecommunication - Equipment | Small Cap | Maestros Electronics Share Price

₹140.55 3.10 (2.26%)

As on 04-Jun'26 16:59

Maestros Electronics & Telecommunications Systems Ltd (538401)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 538401 NSE: Telecommunication - Equipment | Small Cap | Maestros Electronics Share Price

₹140.55 3.10 (2.26%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹77 Cr.
Current Price
₹140.6
52-Week Low / High
₹107 / 185
TTM EPS
₹12.9
TTM Sales
₹39.2 Cr.
Book Value per Share
₹76.3
P/E Ratio
10.87
Lower than its 5-year historical median
Industry PE
132.8
Price to Book (P/B)
1.84
In line with its 5-year historical median
Price to Sales (P/S)
1.98
Lower than its 5-year historical median
EV/EBITDA
4.51
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
13.40%
Outperforms industry median
Return on Capital Employed (ROCE)
16.61%
Outperforms industry median
Return on Assets (ROA)
7.21%
Operating Profit Margin
14.3%
Net Profit Margin
15.17%
Gross Profit Margin
21.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-13.22%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-29.91%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-11.34%
Asset Quality
Promoter Holding
60.22%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹37 Cr.
Equity
₹5.5 Cr.
Face Value
₹10
All Time Low / High
₹6.15 / 262.15

Maestros Electronics & Telecommunications Systems stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Maestros Electronics & Telecommunications Systems Ltd a good quality company?
Maestros Electronics & Telecommunications Systems Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Maestros Electronics & Telecommunications Systems Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Maestros Electronics & Telecommunications Systems Ltd vs industry peers?
Maestros Electronics & Telecommunications Systems Ltd revenue CAGR is 16.37%, compared to the industry median CAGR of 12.15%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Maestros Electronics & Telecommunications Systems Ltd?
Promoters hold 60.22% of the Maestros Electronics & Telecommunications Systems Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Maestros Electronics & Telecommunications Systems Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 15.2% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Maestros Electronics & Telecommunications Systems Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 7%9.3%0.8%4.8%8%38.5%8.9%16.5%23.3%16.6%-
Value Creation
Index
-0.5-0.3-0.9-0.7-0.41.8-0.40.20.70.2-

Growth Parameters

Sales 1112.99.29.513.547.611.224.633.328.939
Sales YoY Gr.-16.4%-28.3%3.5%42.1%251.2%-76.6%120.6%35.3%-13.2%-
Adj EPS 11.6-0.60.70.610.42.25.38.97.912.9
YoY Gr.-56.3%-134.8%NA-7.5%1580.7%-78.8%140.3%67.2%-10.6%-
BVPS (₹) 27.428.127.528.22939.240.946.455.463.376.3
Adj Net
Profit
0.40.7-0.30.30.35.71.22.94.94.47
Cash Flow from Ops. 1-1.4-1.9-0.9-3.627.7-8.5-5.87.35.6-
Debt/CF from Ops. 2.6-2.8-1.4-3-2.30.1-0.3-0.80.70.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 11.3%16.4%37.4%-13.2%
Adj EPS 25.5%66.5%53.2%-10.6%
BVPS9.8%16.9%15.6%14.3%
Share Price 16.1% 12.1% 27.7% -6.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
3.95.8-2.12.42.231.15.512.217.513.418.5
Op. Profit
Mgn %
711.5-2.7711.918.29.414.917.614.319.2
Net Profit
Mgn %
3.75.4-2.83.52.412.110.911.914.715.118.2
Debt to
Equity
0.20.30.20.20.50.10.10.20.20.10
Working Cap
Days
144157278263434165642278229245250
Cash Conv.
Cycle
-52-30324631651350146147139173

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales11.0412.859.219.5313.5447.5511.1524.6033.2928.89
Operating Expenses + 10.2711.389.478.8711.9439.0610.1220.9627.4424.79
Manufacturing Costs0.120.150.210.180.420.190.240.940.720.45
Material Costs6.426.544.544.206.5034.364.4713.2918.0515.44
Employee Cost 2.743.673.563.263.403.143.623.944.394.42
Other Costs 11.021.151.231.621.361.802.794.284.49
Operating Profit 0.771.47-0.250.671.618.491.023.645.854.10
Operating Profit Margin (%) 7.0%11.5%-2.7%7.0%11.9%17.9%9.2%14.8%17.6%14.2%
Other Income + 0.840.520.820.580.470.961.501.292.302.47
Exceptional Items 0000000000
Interest 0.320.370.330.311.101.370.460.520.800.48
Depreciation 0.650.600.440.460.450.360.370.390.450.39
Profit Before Tax 0.641.03-0.200.470.527.721.694.026.915.70
Tax 0.200.330.050.120.172.080.441.041.971.32
Profit After Tax 0.450.70-0.250.340.355.641.252.984.944.38
PAT Margin (%) 4.0%5.5%-2.8%3.6%2.6%11.9%11.2%12.1%14.8%15.2%
Adjusted EPS (₹)1.11.6-0.50.70.710.22.35.49.08.0
Dividend Payout Ratio (%)0%0%0%0%0%0%22%0%0%0%

Valuation of Maestros Electronics - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 10.8812.1012.9513.9615.1821.5922.5625.5730.5334.88
Share Capital 3.974.314.714.945.245.515.515.515.515.51
Reserves 6.917.798.249.029.9416.0817.0520.0625.0229.37
Debt +2.593.882.612.568.092.102.104.795.353.60
Long Term Debt0.090.450.440.2840.140.140.080.040.01
Short Term Debt2.503.432.172.274.091.961.964.715.313.58
Minority Interest0000000000
Trade Payables5.453.573.962.555.585.724.752.043.633.62
Others Liabilities 1.953.373.123.0212.3828.8524.6710.3421.1418.81
Total Liabilities 20.8622.9122.6422.0841.2358.2654.0942.7560.6560.91

Fixed Assets

Net Fixed Assets +5.898.448.098.228.017.897.858.468.219
Gross Block7.909.049.139.739.9710.0910.4311.2611.4612.59
Accumulated Depreciation2.010.601.041.501.962.202.572.813.253.59
CWIP 2.8200000003.715.59
Investments 0.14000000001
Inventories0.601.502.152.5519.082.714.792.675.536.03
Trade Receivables3.203.412.312.803.0912.3111.7510.0515.723.51
Cash Equivalents flag 7.327.327.517.167.6932.8424.5318.1823.0232.27
Others Assets 0.892.252.581.353.362.525.163.394.473.51
Total Assets 20.8622.9122.6422.0841.2358.2654.0942.7560.6560.91

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1-1.39-1.91-0.85-3.5527.69-8.47-5.767.255.63
PBT 0.641.03-0.200.470.527.721.694.026.915.70
Adjustment 0.050.40-0.080.261.180.89-0.51-0.23-1.01-0.75
Changes in Working Capital 0.51-2.47-1.49-1.59-4.5119.26-9.65-9.312.672.52
Tax Paid -0.20-0.35-0.140-0.73-0.170-0.25-1.32-1.84
Cash Flow From Investing Activity + -1.480.260.560.271.991.950.913.55-7.02-5.24
Capex -1.62-0.320.09-0.60-0.24-0.24-0.49-1.08-0.20-1.20
Net Investments 00.12-0.040.072.751.7003.60-4.85-2.74
Others 0.140.470.510.80-0.520.491.401.04-1.97-1.30
Cash Flow From Financing Activity + 0.470.680.470.232.09-4.50-0.741.65-0.24-0.39
Net Proceeds from Shares 0.780.690.810.640.820.740000
Net Proceeds from Borrowing -0.580.35-0.01-0.162.36-3.86-0-0.05-0.04-0.03
Interest Paid -0.24-0.36-0.34-0.26-1.10-1.37-0.46-0.52-0.80-0.37
Dividend Paid 000000-0.28000
Others 0.500000002.220.600
Net Cash Flow -0.02-0.45-0.88-0.360.5325.15-8.30-0.56-0.01-0

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)4.346.12-2.032.562.3830.685.6812.3817.613.4
ROCE (%)6.959.250.814.8838.468.8916.5123.2616.61
Asset Turnover Ratio0.580.630.410.430.430.960.20.510.640.48
PAT to CFO Conversion(x)2.22-1.99N/A-2.5-10.144.91-6.78-1.931.471.29
Working Capital Days
Receivable Days102.1087.6011297.7079.3059.10393.90161.80141.30121.50
Inventory Days1927.8071.6090291.5083.60122.8055.3044.9073
Payable Days274.70251.70302.90282.90228.3060427.2093.4057.4085.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Maestros Electronics & Telecommunications Systems Ltd FAQs

The current trading price of Maestros Electronics on 04-Jun-2026 16:59 is ₹140.6.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Maestros Electronics stood at ₹77.45 Cr

The latest P/E ratio of Maestros Electronics as of 03-Jun-2026 is 10.87.

The latest P/B ratio of Maestros Electronics as of 03-Jun-2026 is 1.84.

The 52-week high of Maestros Electronics is ₹184.9 and the 52-week low is ₹106.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Maestros Electronics is ₹39.17 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Maestros Electronics & Telecommunications Systems Ltd is a below average quality company.

The key valuation ratios of Maestros Electronics & Telecommunications Systems Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Maestros Electronics & Telecommunications Systems Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Maestros Electronics & Telecommunications Systems Ltd

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