Low PE penny stock below Rs 100: This telecom equipment company bags new order worth Rs 5,89,81,000 from Ministry of Defence!

The stock is up by 98 per cent from its 52-week low of Rs 42.5 per share and has a PE of 12x whereas the industry PE is 29.7x.

Maestros Electronics & Telecommunications Systems Ltd informed that it has received 1 Purchase Order (PO) from DG Armed Forces Medical Service (Ministry of Defence). The order includes the delivery of 338 pieces of a product named METSL TFT display cardiac monitor with a defibrillator. The order is worth Rs 5,89,81,000 and will be completed by March 08, 2024.

Today, shares of Maestros Electronics & Telecommunications Systems plunged 1.90 per cent to Rs 81.08 per share from its previous closing of Rs 82.65 with an intraday high of Rs 83.85 and a low of Rs 78.65. The stock has a 52-week high of Rs 120 and a 52-week low of Rs 42.50.

Maestros Electronics & Telecommunications Systems Ltd is a company that designs, develops, and manufactures products and services for financial inclusion, cardiology, gynaecology, critical care patients, and disease management in medicine. Today, shares of the company saw a spurt in volume by more than 1.1 times on BSE.

Talking about the financials, this capital goods company has a market cap of Rs 44.68 crore. The company reported positive numbers in quarterly half-yearly and annual results. In Quarterly Results (Q2FY24), the company reported net sales of Rs 5.69 crore and net profit of Rs 0.35 crore. In its annual results, the net sales increased by 121 per cent to Rs 24.60 crore and net profit increased by 138 per cent to Rs 2.8 crore in FY23 compared to FY22.  

The stock is up by 98 per cent from its 52-week low of Rs 42.5 per share and has a PE of 12x whereas the industry PE is 29.7x. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.