MAESTROS ELECTRONICS & TELECOMMUNICATIONS SYSTEMS LTD

About

Maestros Electronics & Telecommunications Systems Limited manufactures and sells medical equipment and telemedicine products in India and internationally. 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 telemedicine solutions. It offers its products and services for financial inclusion, cardiology, gynecology, critical care patient, and diseases management in medicine. The company was incorporated in 2010 and is based in Navi Mumbai, India.

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	9.66	11.70	11.15	5.89	10.43	7.85	5.01	7.33	8.70	14.17	3.35	5.69	10.08
Expenses	7.97	9.57	7.93	5.49	8.67	7.34	4.47	6.32	7.18	10.66	3.45	5.16	7.68
Operating Profit	1.69	2.13	3.22	0.40	1.76	0.51	0.54	1.01	1.52	3.51	-0.10	0.53	2.40
OPM %	17.49	18.21	28.88	6.79	16.87	6.50	10.78	13.78	17.47	24.77	-2.99	9.31	23.81
Other Income	0.51	0.88	0.07	0.75	0.51	0.73	0.65	0.56	0.51	0.54	0.60	0.32	0.34
Depreciation	0.12	0.12	0.12	0.12	0.12	0.08	0.10	0.10	0.10	0.13	0.12	0.11	0.10
Interest	0.09	0.01	0.14	0.13	0.11	0.06	0.07	0.11	0.24	0.18	0.15	0.27	0.19
Profit before tax	1.99	2.88	3.03	0.90	2.04	1.10	1.02	1.36	1.69	3.74	0.23	0.47	2.45
Tax %	23.12	21.53	10.89	27.78	25.49	22.73	27.45	25.00	26.04	31.02	21.74	27.66	25.71
Net Profit	1.53	2.26	2.70	0.65	1.52	0.84	0.75	1.01	1.25	2.58	0.19	0.35	1.83
EPS in Rs	2.78	4.10	4.90	1.18	2.76	1.52	1.36	1.83	2.27	4.68	0.34	0.64	3.32

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	39.17	28.89	33.29	24.60	11.15	47.55	13.54	9.53	9.22	12.86	11.04	16.54
Expenses	31.67	24.75	27.37	20.93	10.11	39.06	11.94	8.87	9.47	11.38	10.27	15.09
Operating Profit	7.50	4.14	5.92	3.67	1.04	8.49	1.60	0.66	-0.25	1.48	0.77	1.45
OPM %	19.15	14.33	17.78	14.92	9.33	17.85	11.82	6.93	-2.71	11.51	6.97	8.77
Other Income	2.21	2.43	2.24	1.26	1.48	0.96	0.47	0.58	0.82	0.52	0.84	0.55
Interest	0.39	0.48	0.80	0.52	0.46	1.37	1.10	0.31	0.33	0.37	0.32	0.42
Depreciation	0.48	0.39	0.45	0.39	0.37	0.36	0.45	0.46	0.44	0.60	0.65	0.56
Profit before tax	8.84	5.70	6.91	4.02	1.69	7.72	0.52	0.47	-0.20	1.03	0.64	1.02
Tax %	19.46	23.16	28.51	25.87	25.44	26.94	32.69	25.53	25.00	32.04	31.25	32.35
Net Profit	7.13	4.38	4.94	2.98	1.25	5.64	0.35	0.34	-0.25	0.70	0.45	0.69
EPS in Rs	12.94	7.95	8.97	5.41	2.27	10.24	0.67	0.69	-0.53	1.62	1.13	1.88
Dividend Payout %	0.00	0.00	0.00	0.00	22.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	5.51	5.51	5.51	5.51	5.51	5.51	5.24	4.94	4.71	4.31	3.97	3.68
Reserves	36.53	29.37	25.02	20.06	17.05	16.08	10.12	9.41	8.24	8.06	7.41	5.97
Borrowings	1.62	3.60	5.35	4.79	2.10	2.10	8.23	2.56	2.61	3.88	2.59	3.99
Other Liabilities	20.55	20.48	21.39	11.99	29.43	34.39	16.90	5.17	5.98	5.87	6.87	6.00
Total Liabilities	64.21	58.96	57.27	42.35	54.09	58.08	40.49	22.08	21.54	22.12	20.84	19.64
Fixed Assets	9.89	9.00	8.21	8.46	7.85	7.89	8.01	8.22	8.09	8.44	5.89	6.38
CWIP	6.39	5.59	3.71	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.82	1.36
Investments	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.14	0.14
Other Assets	46.93	43.37	45.35	33.89	46.24	50.19	32.48	13.86	13.45	13.68	11.99	11.76
Total Assets	64.21	58.96	57.27	42.35	54.09	58.08	40.49	22.08	21.54	22.12	20.84	19.64

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	1.66	5.63	7.25	-5.76	-8.47	27.69	-3.55	-0.85	-1.91	-1.39	1.00	1.83
Cash from Investing Activity	-0.89	-5.24	-7.02	3.55	0.91	1.95	1.99	0.27	0.56	0.26	-1.48	-1.33
Cash from Financing Activity	-0.77	-0.39	-0.24	1.65	-0.74	-4.50	2.09	0.23	0.47	0.68	0.47	0.63
Net Cash Flow	0.00	0.00	-0.01	-0.56	-8.30	25.15	0.53	-0.36	-0.88	-0.45	-0.02	1.12
Free Cash Flow	-0.47	2.55	3.34	-6.84	-8.96	27.45	-3.79	-1.45	-1.82	-1.71	-0.62	0.09
CFO/OP %	22.00	180.00	145.00	-150.00	-814.00	328.00	-176.00	-129.00	708.00	-70.00	156.00	126.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	75.20	44.35	172.36	149.12	384.64	94.49	83.30	107.24	91.45	96.78	105.80	73.71
Inventory Days	67.52	494.60	359.80	179.81	—	—	524.81	221.61	172.85	83.72	34.11	20.24
Days Payable	41.91	296.92	236.18	137.38	—	—	153.48	221.61	318.37	199.24	309.85	137.12
Cash Conversion Cycle	100.80	242.02	295.98	191.54	384.64	94.49	454.62	107.24	-54.07	-18.74	-169.94	-43.17
Working Capital Days	-8.48	-64.56	-35.96	2.52	-284.47	-138.17	120.23	-28.73	-91.84	-94.51	-165.64	-106.15
ROCE %	23.47	16.68	23.28	16.32	8.98	38.45	8.00	4.80	0.82	9.27	6.95	11.29

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	63.90	60.22	60.22	60.20	55.66	55.62	55.59	55.59	55.59	55.56	55.56	55.56
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	0.00	0.00	0.00	0.30	0.00	0.00	0.00	0.00
Public	35.90	39.57	39.58	39.60	44.13	44.17	44.20	43.90	44.20	44.24	44.22	44.24
No. of Shareholders	4,097	4,146	4,248	4,422	4,479	4,590	4,409	4,151	4,193	4,200	3,778	3,317

Corporate Actions

1 records

Action	Ex Date	Record Date	Ratio	Amount (₹)	Notes
Dividend	20 Aug 2021	23 Aug 2021	—	0.50

Announcements

5 filings

Announcement under Regulation 30 (LODR)-Newspaper Publication
05 Sep 2026 5 Sep - Pursuant to Regulation 30, 47 and other applicable provisions of the SEBI (LODR) Regulations, 2015, we wish to inform you that a newspaper advertisement ....
Corrigendum To 17Th Annual General Meeting (''''AGM'''') Of The Company For The Financial Year 2025-2026 As Required Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 As Amended ("Listing Regulations")
04 Sep 2026 4 Sep - Issued corrigendum to 17th AGM notice and annual report; corrected ratios, removed VC/OAVM references, proposed bonus shares and capital increase.
Reg. 34 (1) Annual Report. 4 Sep
04 Sep 2026
Announcement under Regulation 30 (LODR)-Newspaper Publication
01 Sep 2026 1 Sep - Pursuant to Regulations 30, read with Para A of Part A of Schedule III, Regulation 44 and Regulation 47 of the Listing Regulations and in …
Intimation Under Regulation 30 And 36(1)(B) Of The SEBI (LODR) Regulations.
31 Aug 2026 31 Aug - AGM scheduled for September 23, 2026; annual report sent and shareholders asked to update KYC and email details.

Shareholding Pattern

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Shareholding Pattern (BSE filings)

Financial Results — Filings

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Financial / Quarterly Results (BSE filings)

Board Filings

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Corporate Announcements & Board Filings (BSE)

Annual Reports

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