MAESTROS ELECTRONICS & TELECOMMUNICATIONS SYSTEMS LTD

BSE: METSL538401ISIN INE318N01011

Industrials
Industrial Products

Share price

₹79.88+3.80 (+4.99%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

Splits and bonuses

1 Oct 2026 · Bonus 1:1

52W high: ₹129.57
52W low: ₹53.25
Off 52W high: -38.35%
1M return: -30.78%
3M return: +5.84%
6M return: +13.06%
1Y return: +13.43%
20D avg volume: 13,479
50 DMA: ₹86.20
200 DMA: ₹73.12

Key ratios Consolidated

Market cap: ₹88.03 Cr
Current price: ₹79.88
52W high / low: ₹129.57 / ₹53.25
Face value: ₹10.00
P/E: 11.90
P/B: —
EPS (TTM): ₹6.71
Book value / share: —
ROE: —
ROCE: 18.70%
Operating margin: —
Net margin: —
Debt / equity: 0.04
Net debt: ₹1.33 Cr
Interest cover: 24.10
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 88.3 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q4 FY24
Income statement
	10.09	11.92	11.17	5.91	10.43	7.88	5.01	—
	0.52	0.90	0.50	0.77	0.53	0.74	0.65	—
	10.61	12.81	11.67	6.68	10.96	8.62	5.66	—
	8.43	9.82	8.20	5.77	8.90	7.50	4.66	—
	5.50	5.59	5.29	4.67	6.15	4.88	2.15	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—
	1.42	1.27	1.35	1.18	1.20	1.22	1.09	—
	0.09	0.01	0.14	0.13	0.12	0.06	0.07	—
	0.12	0.12	0.12	0.12	0.12	0.08	0.10	—
	1.31	2.01	0.80	0.69	0.87	1.70	0.81	—
	2.18	2.99	3.46	0.91	2.06	1.12	0.99	—
	0.00	0.00	-0.41	0.00	0.00	0.00	0.00	—
	2.18	2.99	3.05	0.91	2.06	1.12	0.99	—
	0.51	0.65	0.47	0.25	0.53	0.26	0.27	—
	1.67	2.35	2.72	0.66	1.53	0.86	0.72	—
	3.04	4.26	4.93	1.19	2.78	1.56	1.32	—
Key metrics
	2.39	3.12	3.31	1.16	2.30	1.26	1.16	—
	23.70%	26.20%	29.60%	19.60%	22.10%	16.00%	23.20%	—
	16.60%	19.70%	24.40%	11.20%	14.70%	10.90%	14.40%	—
	—	6.00%	—	2.30%	—	2.70%	—	—
	-3.30%	51.30%	123.00%	—	—	—	—	—
	9.20%	173.30%	277.80%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	39.09	39.43	28.91	—
	2.69	2.69	2.46	—
	41.77	42.12	31.37	—
	32.22	32.69	25.68	—
	21.05	21.70	15.96	—
	0.00	0.00	0.00	—
	5.22	5.00	4.42	—
	0.37	0.39	0.48	—
	0.48	0.48	0.39	—
	4.81	4.37	4.94	—
	9.54	9.42	5.69	—
	-0.41	-0.41	0.00	—
	9.13	9.01	5.69	—
	1.88	1.76	1.32	—
	7.40	7.25	4.37	—
	13.42	13.17	7.94	—
Key metrics
	9.98	9.88	6.56	—
	25.53%	25.10%	22.70%	—
	18.93%	18.40%	15.10%	—
	—	18.70%	14.30%	—
	—	36.40%	—	—
	—	65.90%	—	—
	—	1.09	4.49	—
	—	0.24	1.30	—
	—	0.04	0.10	—
	—	1.33	3.46	—
	—	88.3	-1.4	—
Balance sheet
	—	64.55	59.03	—
	—	47.96	44.06	—
	—	0.29	0.13	—
	—	8.15	3.51	—
	—	4.15	0.00	—
	—	1.06	0.00	—
	—	9.22	9.00	—
	—	2.75	3.62	—
	—	14.41	15.91	—
	—	1.62	3.59	—
	—	1.62	3.58	—
	—	0.00	0.01	—
	—	42.16	34.87	—
Cash flow
	—	1.75	5.69	—
	—	-0.82	-6.17	—
	—	-0.77	0.61	—
	—	0.66	1.20	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	9.66	11.70	11.15	5.89	10.43	7.85	5.01	7.33	8.70	—
	0.51	0.88	0.48	0.75	0.51	0.73	0.65	0.56	0.51	—
	10.17	12.58	11.63	6.64	10.94	8.58	5.66	7.89	9.21	—
	8.18	9.71	8.19	5.75	8.90	7.48	4.63	6.53	7.52	—
	5.28	5.55	5.28	4.65	6.15	4.86	2.15	3.38	5.55	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	1.42	1.27	1.35	1.18	1.20	1.22	1.09	1.06	1.05	—
	0.09	0.01	0.14	0.13	0.11	0.06	0.07	0.11	0.24	—
	0.12	0.12	0.12	0.12	0.12	0.08	0.10	0.10	0.10	—
	1.29	1.94	0.80	0.68	0.87	1.69	0.78	1.22	1.75	—
	1.98	2.87	3.44	0.90	2.04	1.10	1.02	1.36	1.69	—
	0.00	0.00	-0.41	0.00	0.00	0.00	—	—	—	—
	1.98	2.87	3.03	0.90	2.04	1.10	1.02	1.36	1.69	—
	0.46	0.61	0.46	0.25	0.53	0.26	0.27	0.35	0.44	—
	1.53	2.26	2.70	0.65	1.52	0.84	0.74	1.01	1.25	—
	2.77	4.10	4.90	1.18	2.75	1.53	1.35	1.83	2.28	—
Key metrics
	2.19	3.00	3.29	1.15	2.27	1.24	1.19	1.57	2.03	—
	22.70%	25.60%	29.50%	19.50%	21.80%	15.80%	23.80%	21.40%	23.30%	—
	15.80%	19.30%	24.20%	11.00%	14.60%	10.70%	14.80%	13.80%	14.40%	—
	—	5.80%	—	2.30%	—	2.70%	—	—	—	—
	-7.40%	49.00%	122.60%	-19.60%	19.90%	—	—	—	—	—
	0.70%	169.00%	264.90%	-35.60%	21.60%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	38.40	39.17	28.89	—
	2.62	2.62	2.45	—
	41.02	41.80	31.33	—
	31.83	32.54	25.64	—
	20.76	21.64	15.95	—
	0.00	0.00	0.00	—
	5.22	5.00	4.42	—
	0.37	0.39	0.48	—
	0.48	0.48	0.39	—
	4.71	4.29	4.91	—
	9.19	9.25	5.70	—
	-0.41	-0.41	0.00	—
	8.78	8.84	5.70	—
	1.78	1.71	1.32	—
	7.14	7.13	4.38	—
	12.95	12.93	7.95	—
Key metrics
	9.63	9.71	6.57	—
	25.08%	24.80%	22.70%	—
	18.59%	18.20%	15.20%	—
	—	18.50%	14.30%	—
	25.41%	35.60%	—	—
	73.72%	62.80%	—	—
	—	1.00	4.43	—
	—	0.23	1.29	—
	—	0.04	0.10	—
	—	1.60	3.58	—
	—	89.9	74.8	—
Balance sheet
	—	64.21	58.96	—
	—	46.62	42.99	—
	—	0.02	0.01	—
	—	8.07	3.51	—
	—	4.14	6.03	—
	—	1.03	1.09	—
	—	9.22	9.00	—
	—	2.57	3.62	—
	—	14.19	15.83	—
	—	1.62	3.59	—
	—	1.62	3.58	—
	—	0.00	0.01	—
	—	42.04	34.88	—
Cash flow
	—	1.66	5.63	—
	—	-0.89	-5.24	—
	—	-0.77	-0.39	—
	—	0.66	1.20	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +25.41%
Profit YoY (TTM): +73.72%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 5 Oct 2026

Promoter holding: 63.88%

Quarter	05 Oct 2026	September 2026	June 2026
Promoter %	63.88%	63.89%	63.89%

Holder	Type	Holding	Previous	Change
Balkrishna Kamalakar Tendulkar	Promoter	62.72%	62.72%	0.00%
Vinayak Deshpande	Public	2.74%	2.74%	0.00%
Suruchi Khanna	Public	1.81%	1.81%	0.00%
Narendra Mahajani	Promoter Group	0.92%	0.92%	0.00%
Shreyans Balkrishna Tendulkar	Promoter Group	0.09%	0.09%	0.00%
Vaishali Balkrishna Tendulkar	Promoter Group	0.07%	0.07%	0.00%
Shweta Balkrishna Tendulkar	Promoter Group	0.06%	0.06%	0.00%
Nandlal Bhimrajka	Promoter Group	0.01%	0.01%	0.00%
Bakhle Dhananjay Sadashiv	Promoter Group	0.01%	0.02%	-0.01%
Savita Prabhakar Mahajani	Promoter Group	0.00%	0.00%	0.00%
Kiran Prabhakar Mahajani	Promoter Group	0.00%	0.00%	0.00%
Santosh Kamalakar Tendulkar	Promoter Group	0.00%	0.00%	0.00%
Sunita Kamalakar Tendulkar	Promoter Group	0.00%	0.00%	0.00%
Chitralekha K Menon	Promoter Group	0.00%	0.00%	0.00%
Vikrant Narendra Mahajani	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
INDO-MIM Limited	62,745	1,240.40	—	—	—	—	—
Aditya Infotech Limited	51,184	4,003.35	102.86	26.00%	—	—	+202.77%
Syrma SGS Technology Limited	29,378	1,510.10	63.38	14.80%	+62.42% TTM	+90.86% TTM	+92.49%
Zetwerk Manufacturing Businesses Limited	28,294	165.25	-28.27 FY26	6.71% Q1 FY27	+40.43% FY26	—	—
Honeywell Automation India Ltd. S	26,767	29,750.35	46.53	15.70%	+5.29% TTM	+9.54% TTM	-19.09%
Jyoti CNC Automation Limited	23,236	1,033.95	76.15	22.00%	+17.61% TTM	-10.78% TTM	+10.01%
KAYNES TECHNOLOGY INDIA LIMITED	22,130	3,325.10	64.66	12.00%	+34.85% TTM	+8.89% TTM	-49.97%
LMW Limited	18,671	17,357.75	90.41	5.90%	+19.37% TTM	+71.62% TTM	+9.94%
LLOYDS ENGINEERING WORKS LIMITED	13,215	82.98	53.81	12.30%	+82.99% TTM	+70.53% TTM	+38.32%
Tega Industries Limited	12,936	1,814.45	-14,687.86	6.10%	+84.88% TTM	-100.47% TTM	-6.81%
Bonfiglioli Transmissions Limited	12,678	660.75	—	—	—	—	—
Dynamatic Technologies Ltd.	8,792	12,655.05	202.56	9.20%	+17.28% TTM	+0.02% TTM	+49.53%
Kennametal India Limtied S	8,350	3,784.30	42.43	—	+29.08% TTM	+90.48% TTM	+80.46%
HMT Limited	8,169	54.44	-49.29	3.20%	+8.82% TTM	+6.28% TTM	-1.86%
STANDARD ENGINEERING TECHNOLOGY LIMITED	7,917	417.70	93.99	14.70%	—	—	+133.94%
Omnitech Engineering Limited	7,804	664.25	—	18.30%	—	—	—
Raymond Limited	7,547	1,147.10	93.20	-0.50%	-5.56% TTM	-98.52% TTM	+100.56%
Spectrum Electrical Industries Limited	7,179	4,268.25	126.77	16.30%	—	—	+190.47%
Lohia Corp Limited	5,495	541.95	—	—	—	—	—
GMM Pfaudler Ltd.	5,396	1,322.00	87.49	9.00%	+13.91% TTM	+71.89% TTM	+3.00%
HD Fire Protect Limited	4,699	265.40	—	—	—	—	—
Praj Industries Ltd.	4,697	255.20	137.98	4.90%	+1.76% TTM	-67.78% TTM	-24.66%
TEMPSENS INSTRUMENTS (INDIA) LIMITED	4,548	542.20	—	—	+37.74% FY25	+52.86% FY25	—
DEE DEVELOPMENT ENGINEERS LIMITED	4,533	569.75	53.51	14.50%	+40.01% TTM	+49.51% TTM	+131.18%
Shanthi Gears Ltd. S	3,789	495.65	65.56	22.90%	-14.22% TTM	-37.57% TTM	+5.08%
MAESTROS ELECTRONICS & TELECOMMUNICATIONS SYSTEMS LTD S	92	79.88	12.35	18.50%	+25.41% TTM	+73.72% TTM	+13.43%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Pursuant to Regulation 30 of the Listing Regulations; it is hereby informed that the Company has received 1 Purchase Order (PO) from Tamilnadu Medical Services Corporation Limited for product ....3 Nov 2026 · Company Update / Award of Order / Receipt of Order
Pursuant to Regulation 30 of the Listing Regulations; it is hereby informed that the Company has received 1 Purchase Order (PO) from Mazagon Dock Shipbuilders Limited (Ministry of Defence) ....3 Nov 2026 · Company Update / Award of Order / Receipt of Order
Maestros Electronics & Telecommunications Systems Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2026 ,inter alia, to consider and approve ....30 Oct 2026 · Board Meeting / Board Meeting
In accordance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended on September 30, 2026, based on the certificate received from MUFG ....13 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
This is to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; the Board of Directors of the company, through circular ....5 Oct 2026 · Company Update / Allotment of Equity Shares
This is to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; the Board of Directors of the company, through circular ....5 Oct 2026 · Company Update / Allotment of Equity Shares
The trading window of the Company for dealing in the shares of the Company by the designated person will remain close from closure of trading hours on September 30, 2026, till 48 hours ....25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
The company informs you that pursuant to our communication dated Monday, August 24, 2026, wherein the Board of Directors had recommended issuance of Bonus Equity Shares in the proportion ....24 Sep 2026 · Corp. Action / Record Date
This is to inform you that the members of the Company at 17th Annual General Meeting of Maestros Electronics & Telecommunications Systems Limited (''the Company'') held on Wednesday, September ....24 Sep 2026 · Company Update / Amendments to Memorandum & Articles of Association
This is to inform you that the 17th Annual General Meeting ('AGM') of the Company was held on Wednesday, September 23, 2026, at 3:30 P.M. physically at Majestic Court Sarovar Portico, X-5/2, ....23 Sep 2026 · AGM/EGM / AGM
This is to inform you that the members of the Company at 17th Annual General Meeting of Maestros Electronics & Telecommunications Systems Limited (''the Company'') held on Wednesday, September ....23 Sep 2026 · Company Update / Change in Management
This is to inform you that the 17th Annual General Meeting of Maestros Electronics & Telecommunications Systems Limited (''the Company'') was held today i.e., on Wednesday, September 23, ....23 Sep 2026 · AGM/EGM / AGM
Pursuant to Regulation 30, 47 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a newspaper advertisement ....5 Sep 2026 · Company Update / Newspaper Publication
This Corrigendum is being issued in continuation of the 17th AGM Notice and Annual Report, in compliance with Regulation 30, Regulation 34(1) and other applicable provisions of the SEBI ....4 Sep 2026 · AGM/EGM / AGM
This Corrigendum is being issued in continuation of the 17th AGM Notice and Annual Report, in compliance with Regulation 30, Regulation 34(1) and other applicable provisions of the SEBI ....4 Sep 2026 · Others / Reg. 34 (1) Annual Report
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 compliance with Ministry of Corporate Affairs ('MCA') ....1 Sep 2026 · Company Update / Newspaper Publication
Pursuant to the requirements of Regulation 36 (1) (b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ('SEBI Listing Regulations, 2015'), as amended, the ....31 Aug 2026 · Company Update / General
Maestros Electronics & Telecommunication System Limited (''the Company'') wish to inform you that the 17th AGM of the Company will be held on Wednesday, September 23, 2026, at 03:30 P.M. ....31 Aug 2026 · Others / Reg. 34 (1) Annual Report
Notice of the 17th AGM of the Company, scheduled to be held on Wednesday, September 23, 2026 at 3:30 P.M. The said notice forms part of the Integrated Annual Report of the Company for ....31 Aug 2026 · AGM/EGM / AGM
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 compliance with Ministry of Corporate Affairs ('MCA') ....27 Aug 2026 · Company Update / Newspaper Publication
Issuance of 55,10,237 Bonus Equity Shares in the ratio of 1:1, i.e., 1 (One) new fully paid up equity share of Rs. 10/- (Rupees Ten Only) each for every existing 1 (one) equity share of ....24 Aug 2026 · Company Update / Issue of Securities
Issuance of 55,10,237 Bonus Equity Shares in the ratio of 1:1, i.e., 1 (One) new fully paid up equity share of Rs. 10/- (Rupees Ten Only) each for every existing 1 (one) equity share of ....24 Aug 2026 · Board Meeting / Outcome of Board Meeting
Maestros Electronics & Telecommunications Systems Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/08/2026 ,inter alia, to consider and approve ....19 Aug 2026 · Board Meeting / Board Meeting
Pursuant to Regulation 30 and 47 read with Schedule III of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 please find enclosed copy of newspaper publication dated ....14 Aug 2026 · Company Update / Newspaper Publication
This is to inform you that pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; the Board of Directors, at their meeting held ....12 Aug 2026 · Company Update / Change in Management
Pursuant to Regulation 30 and 33 of the SEBI (LODR) Regulations, 2015; the Board of Directors, at their meeting held today at the registered office of the Company considered and approved: ....12 Aug 2026 · Board Meeting / Outcome of Board Meeting
Maestros Electronics & Telecommunications Systems Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2026 ,inter alia, to consider and approve ....7 Aug 2026 · Board Meeting / Board Meeting
In accordance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended on June 30, 2026, based on the certificate received from MUFG Intime ....15 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
The trading window of the Company for dealing in the securities of the Company by the designated person will remain closed from closure of trading hours of BSE on June 30, 2026, till 48 ....26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Pursuant to Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Annual Secretarial Compliance Report dated 28 May, 2026 ....22 Jun 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Pursuant to Regulation 30 and 47 read with Schedule II of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 please find enclosed copy of newspaper publication dated ....1 Jun 2026 · Company Update / Newspaper Publication
Appointment of M/s. ABHL & Associates as Internal Auditor of the Company for the financial year 2026-2027.29 May 2026 · Company Update / Change in Management
This is to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), the Board of Directors, at ....29 May 2026 · Result / Financial Results
This is to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), the Board of Directors, at ....29 May 2026 · Board Meeting / Outcome of Board Meeting
Maestros Electronics & Telecommunications Systems Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2026 ,inter alia, to consider and approve ....25 May 2026 · Board Meeting / Board Meeting
In accordance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended on March 31, 2026, based on the certificate received from MUFG Intime ....14 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
It is hereby intimated that the trading window of the Company for dealing in the securities of the Company by the designated person shall remain closed with effect from April 1, 2026, ....31 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Pursuant to Regulation 30 and 47 read with Schedule III of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 please find enclosed copy of newspaper publication dated ....15 Feb 2026 · Company Update / Newspaper Publication
Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; the Board of Directors, at their meeting held today, have considered and ....13 Feb 2026 · Result / Financial Results
This is to inform you that pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; the Board of Directors, at their meeting held ....13 Feb 2026 · Board Meeting / Outcome of Board Meeting

Corporate actions

Purpose	Ex date	Record date	Payment date
Bonus issue 1:1	1 Oct 2026	1 Oct 2026	—

Board meetings

5 Nov 2026 Board Meeting - Financial Results
12 Aug 2026 Board Meeting - Financial Results