Under Rs 150: This Microcap Company Bags Order from DG Armed Forces Medical Service Worth Rs 76,00,600, Stock Gains Over 100 per cent!
The company’s shares have delivered an impressive return of over 100 per cent to its shareholders.
Incorporated in 2010, Maestros Electronics & Telecommunications Systems Ltd operates in the fields of Electronics & Instrumentation (E&T) and Telemedicine. The company focuses on designing, developing, and manufacturing products and services for financial inclusion, cardiology, gynecology, critical care, and disease management. Its expertise includes medical device manufacturing, telemedicine, healthcare solutions, and business automation, specifically in banking, microfinance, financial inclusion, and PDS automation.
The Company has secured a Purchase Order (PO) from the DG Armed Forces Medical Service (Ministry of Defence) for 178 units of a Portable Lightweight Computerized Multi-Channel ECG Machine, capable of acquiring all 12 leads simultaneously and printing on A4 size thermal paper with auto-measurement parameters.
The order is to be completed within 120 days from the contract signing date and the contract value is Rs 76,00,600 (Rupees Seventy-Six Lakhs and Six Hundred Only).
On MondayMaestros Electronics & Telecommunications Systems Ltd shares closed at around Rs 146.15 per share. The company’s current market capitalization stands at Rs 80.53 crore. The stock has delivered a return of over 100 per cent in the past 1 year.
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As per the Quarterly Results, in Q4 FY24, Maestros Electronics & Telecommunications Systems Ltd recorded a revenue of Rs 8.70 crore. The operating profit for Q4 FY24 stood at Rs 1.52 crore. The net profit for Q4 FY24 was Rs 1.25 crore. Looking at the annual performance, the company generated a revenue of Rs 33.29 crore in FY24. The operating profit for FY24 was Rs 6.36 crore with a net profit of Rs 4.94 crore.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.