Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5.69 | 3.35 | 14.17 | 8.70 | 7.33 | 5.01 | 7.85 | 10.43 | 5.89 | 11.15 | 11.70 | 9.66 |
| Expenses | 5.16 | 3.45 | 10.66 | 7.18 | 6.32 | 4.47 | 7.34 | 8.67 | 5.49 | 7.93 | 9.57 | 7.97 |
| Operating Profit | 0.53 | -0.10 | 3.51 | 1.52 | 1.01 | 0.54 | 0.51 | 1.76 | 0.40 | 3.22 | 2.13 | 1.69 |
| OPM % | 9.31% | -2.99% | 24.77% | 17.47% | 13.78% | 10.78% | 6.50% | 16.87% | 6.79% | 28.88% | 18.21% | 17.49% |
| Other Income | 0.32 | 0.60 | 0.54 | 0.51 | 0.56 | 0.65 | 0.73 | 0.51 | 0.75 | 0.07 | 0.88 | 0.51 |
| Interest | 0.27 | 0.15 | 0.18 | 0.24 | 0.11 | 0.07 | 0.06 | 0.11 | 0.13 | 0.14 | 0.01 | 0.09 |
| Depreciation | 0.11 | 0.12 | 0.13 | 0.10 | 0.10 | 0.10 | 0.08 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 |
| Profit before tax | 0.47 | 0.23 | 3.74 | 1.69 | 1.36 | 1.02 | 1.10 | 2.04 | 0.90 | 3.03 | 2.88 | 1.99 |
| Tax % | 27.66% | 21.74% | 31.02% | 26.04% | 25.00% | 27.45% | 22.73% | 25.49% | 27.78% | 10.89% | 21.53% | 23.12% |
| Net Profit | 0.35 | 0.19 | 2.58 | 1.25 | 1.01 | 0.75 | 0.84 | 1.52 | 0.65 | 2.70 | 2.26 | 1.53 |
| EPS in Rs | 0.64 | 0.34 | 4.68 | 2.27 | 1.83 | 1.36 | 1.52 | 2.76 | 1.18 | 4.90 | 4.10 | 2.78 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11.04 | 12.86 | 9.22 | 9.53 | 13.54 | 47.55 | 11.15 | 24.60 | 33.29 | 28.89 | 39.17 | 38.40 |
| Expenses | 10.27 | 11.38 | 9.47 | 8.87 | 11.94 | 39.06 | 10.11 | 20.93 | 27.37 | 24.75 | 31.67 | 30.96 |
| Operating Profit | 0.77 | 1.48 | -0.25 | 0.66 | 1.60 | 8.49 | 1.04 | 3.67 | 5.92 | 4.14 | 7.50 | 7.44 |
| OPM % | 6.97% | 11.51% | -2.71% | 6.93% | 11.82% | 17.85% | 9.33% | 14.92% | 17.78% | 14.33% | 19.15% | 19.38% |
| Other Income | 0.84 | 0.52 | 0.82 | 0.58 | 0.47 | 0.96 | 1.48 | 1.26 | 2.24 | 2.43 | 2.21 | 2.21 |
| Interest | 0.32 | 0.37 | 0.33 | 0.31 | 1.10 | 1.37 | 0.46 | 0.52 | 0.80 | 0.48 | 0.39 | 0.37 |
| Depreciation | 0.65 | 0.60 | 0.44 | 0.46 | 0.45 | 0.36 | 0.37 | 0.39 | 0.45 | 0.39 | 0.48 | 0.48 |
| Profit before tax | 0.64 | 1.03 | -0.20 | 0.47 | 0.52 | 7.72 | 1.69 | 4.02 | 6.91 | 5.70 | 8.84 | 8.80 |
| Tax % | 31.25% | 32.04% | 25.00% | 25.53% | 32.69% | 26.94% | 25.44% | 25.87% | 28.51% | 23.16% | 19.46% | |
| Net Profit | 0.45 | 0.70 | -0.25 | 0.34 | 0.35 | 5.64 | 1.25 | 2.98 | 4.94 | 4.38 | 7.13 | 7.14 |
| EPS in Rs | 1.13 | 1.62 | -0.53 | 0.69 | 0.67 | 10.24 | 2.27 | 5.41 | 8.97 | 7.95 | 12.94 | 12.96 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 22.04% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 14% | -4% | 17% | 25% | ||
| Compounded Profit Growth | 32% | 6% | 36% | 82% | ||
| Stock Price CAGR | 25% | 28% | 27% | 47% | ||
| Return on Equity | 13% | 14% | 17% | 19% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.68 | 3.97 | 4.31 | 4.71 | 4.94 | 5.24 | 5.51 | 5.51 | 5.51 | 5.51 | 5.51 | 5.51 |
| Reserves | 5.97 | 7.41 | 8.06 | 8.24 | 9.41 | 10.12 | 16.08 | 17.05 | 20.06 | 25.02 | 29.37 | 36.53 |
| Borrowings | 3.99 | 2.59 | 3.88 | 2.61 | 2.56 | 8.23 | 2.10 | 2.10 | 4.79 | 5.35 | 3.60 | 1.62 |
| Other Liabilities | 6.00 | 6.87 | 5.87 | 5.98 | 5.17 | 16.90 | 34.39 | 29.43 | 11.99 | 21.39 | 20.48 | 20.55 |
| Total Liabilities | 19.64 | 20.84 | 22.12 | 21.54 | 22.08 | 40.49 | 58.08 | 54.09 | 42.35 | 57.27 | 58.96 | 64.21 |
| Fixed Assets | 6.38 | 5.89 | 8.44 | 8.09 | 8.22 | 8.01 | 7.89 | 7.85 | 8.46 | 8.21 | 9.00 | 9.89 |
| CWIP | 1.36 | 2.82 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.71 | 5.59 | 6.39 |
| Investments | 0.14 | 0.14 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 |
| Other Assets | 11.76 | 11.99 | 13.68 | 13.45 | 13.86 | 32.48 | 50.19 | 46.24 | 33.89 | 45.35 | 43.37 | 46.93 |
| Total Assets | 19.64 | 20.84 | 22.12 | 21.54 | 22.08 | 40.49 | 58.08 | 54.09 | 42.35 | 57.27 | 58.96 | 64.21 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1.83 | 1.00 | -1.39 | -1.91 | -0.85 | -3.55 | 27.69 | -8.47 | -5.76 | 7.25 | 5.63 | 1.66 |
| Cash from Investing Activity | -1.33 | -1.48 | 0.26 | 0.56 | 0.27 | 1.99 | 1.95 | 0.91 | 3.55 | -7.02 | -5.24 | -0.89 |
| Cash from Financing Activity | 0.63 | 0.47 | 0.68 | 0.47 | 0.23 | 2.09 | -4.50 | -0.74 | 1.65 | -0.24 | -0.39 | -0.77 |
| Net Cash Flow | 1.12 | -0.02 | -0.45 | -0.88 | -0.36 | 0.53 | 25.15 | -8.30 | -0.56 | -0.01 | 0.00 | 0.00 |
| Free Cash Flow | 0.09 | -0.62 | -1.71 | -1.82 | -1.45 | -3.79 | 27.45 | -8.96 | -6.84 | 3.34 | 2.55 | -0.47 |
| CFO/OP | 126% | 156% | -70% | 708% | -129% | -176% | 328% | -814% | -150% | 145% | 180% | 22% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 73.71 | 105.80 | 96.78 | 91.45 | 107.24 | 83.30 | 94.49 | 384.64 | 149.12 | 172.36 | 44.35 | 75.20 |
| Inventory Days | 20.24 | 34.11 | 83.72 | 172.85 | 221.61 | 524.81 | 179.81 | 359.80 | 494.60 | 67.52 | ||
| Days Payable | 137.12 | 309.85 | 199.24 | 318.37 | 221.61 | 153.48 | 137.38 | 236.18 | 296.92 | 41.91 | ||
| Cash Conversion Cycle | -43.17 | -169.94 | -18.74 | -54.07 | 107.24 | 454.62 | 94.49 | 384.64 | 191.54 | 295.98 | 242.02 | 100.80 |
| Working Capital Days | -106.15 | -165.64 | -94.51 | -91.84 | -28.73 | 120.23 | -138.17 | -284.47 | 2.52 | -35.96 | -64.56 | -8.48 |
| ROCE % | 11.29% | 6.95% | 9.27% | 0.82% | 4.80% | 8.00% | 38.45% | 8.98% | 16.32% | 23.28% | 16.68% | 23.47% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 55.56% | 55.56% | 55.56% | 55.59% | 55.59% | 55.59% | 55.62% | 55.66% | 60.20% | 60.22% | 60.22% | 63.90% |
| FIIs | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 44.24% | 44.22% | 44.24% | 44.20% | 43.90% | 44.20% | 44.17% | 44.13% | 39.60% | 39.58% | 39.57% | 35.90% |
| No. of Shareholders | 3,317 | 3,778 | 4,200 | 4,193 | 4,151 | 4,409 | 4,590 | 4,479 | 4,422 | 4,248 | 4,146 | 4,097 |
Fundamentals
Market Cap₹ 134 Cr.
Current Price₹ 243
Stock P/E18.0
Book Value₹ 76.3
ROCE23.5 %
ROE19.4 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)25%
Compounded Profit Growth (TTM)82%
Standalone figures.
Valuation
Market capRs 67 Cr
Enterprise valueRs 35 Cr
P/E (TTM)9.37x
Price to book1.59x
Price to sales1.74x
EV / EBITDA3.65x
EV / EBIT3.84x
EV / sales0.92x
Price to cash flow40.31x
Earnings yield10.67%
P/E, 3-year average15.24x
P/B, 3-year average2.13x
P/E, 5-year average15.57x
P/B, 5-year average1.63x
Profitability
Operating margin (excl. other income)19.15%
Operating margin (incl. other income)24.79%
EBITDA margin25.13%
Pre-tax margin22.92%
Net profit margin18.59%
Net margin, latest quarter15.84%
ROE18.54%
ROCE22.47%
ROA11.58%
ROE, 3-year average16.51%
ROCE, 3-year average20.79%
ROA, 3-year average9.68%
ROE, 5-year average13.52%
ROCE, 5-year average17.55%
ROA, 5-year average7.49%
ROIC (approx.)71.57%
Tax rate19.46%
Other income / net worth5.26%
Growth
Sales growth (latest year)35.58%
Profit growth (latest year)62.79%
Sales CAGR, 3 years16.77%
Sales CAGR, 5 years-3.80%
Profit CAGR, 3 years33.75%
Profit CAGR, 5 years4.80%
Sales growth QoQ-17.44%
Profit growth QoQ-32.30%
Sales growth YoY (latest quarter)-7.38%
Profit growth YoY (latest quarter)0.66%
Per share
EPS (TTM)Rs 12.96
EPS (latest quarter)Rs 2.78
EPS, 3-year averageRs 8.46
EPS, 5-year averageRs 6.15
Book value per shareRs 76.30
Sales per shareRs 69.69
Cash flow per shareRs 3.01
Free cash flow per shareRs -0.85
Dividend per share, 5-year averageRs 0.51
Dividends
Dividend payout, 5-year average22.40%
Efficiency
Asset turnover0.61x
Fixed asset turnover3.96x
Inventory turnover5.41x
Inventory days68 days
Debtor days75 days
Debtors turnover4.85x
Creditor days42 days
Cash conversion cycle101 days
Working capital days-8 days
Leverage
Total debtRs 2 Cr
Cash and bankRs 33 Cr
Net debtRs -32 Cr
Debt to equity0.04x
Net debt / EBITDA-3.29x
Interest coverage24.78x
Owners' fund to total sources65.47%
Debt to assets2.52%
Cash flow
Cash from Operating Activity (latest year)Rs 2 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Free cash flow (latest year)Rs -0 Cr
FCFE (approx.: FCF + change in debt)Rs -2 Cr
Cash from ops / profit, 5 years0.01x
Sales to cash flow23.60x
Statement figures
Net sales (TTM)Rs 38 Cr
Net sales (latest year)Rs 39 Cr
Sales (latest quarter)Rs 10 Cr
Operating profit excl. other income (latest year)Rs 8 Cr
Operating profit (latest quarter)Rs 2 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 10 Cr
PBDT (TTM)Rs 9 Cr
Profit before tax (TTM)Rs 9 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 7 Cr
Net profit (latest year)Rs 7 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 22 Cr
Total expenditure (latest year)Rs 32 Cr
Total income (latest year)Rs 41 Cr
Share capitalRs 6 Cr
ReservesRs 37 Cr
Shareholders' fundsRs 42 Cr
Total assetsRs 64 Cr
Net blockRs 10 Cr
Capital work in progressRs 6 Cr
InvestmentsRs 1 Cr
ReceivablesRs 8 Cr
InventoryRs 4 Cr
Other liabilitiesRs 21 Cr
Shares outstanding (crore)0.55
Ownership
Promoter holding63.90% (+8.24 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 9.4 is at the 12th percentile of its own 8.4-year range
(median 20.2, low 4.4, high 223.9).
P/B 1.59 is at the 35th percentile (median 2.05).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 538401 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -27.5% | -2.8% | -24.7 pts |
| 1 month | -22.7% | -6.8% | -15.9 pts |
| 3 months | -12.0% | -7.6% | -4.4 pts |
| 3 years | +21.5% | +14.2% | +7.3 pts |
| 5 years | +105.7% | +27.9% | +77.8 pts |
Red flags
F-score 7 of 8| explain | Receivables outrunning sales Receivables grew 130% vs sales +36% in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹10 Cr -7.4% vs Jun 2025.
Net profit ₹2 Cr +0.7%.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Maestros Electronics & Telecommun. Systems Ltd?
Maestros Electronics & Telecommun. Systems Ltd (538401) has a market capitalisation of Rs 134 Cr. at the 2026-10-01 close.
What is the P/E ratio of Maestros Electronics & Telecommun. Systems Ltd?
Maestros Electronics & Telecommun. Systems Ltd trades at a P/E of 18.0 on trailing twelve-month profit, at the 2026-10-01 close.
What were Maestros Electronics & Telecommun. Systems Ltd's latest quarterly results?
In the Jun 2026 quarter, Maestros Electronics & Telecommun. Systems Ltd sales was Rs 10 Cr (-7.4% vs Jun 2025) and net profit was Rs 2 Cr.