Maestros Electronics & Telecommunications Systems gained 130% in 3 months

The shares of METS Limited experienced a sharp rise today. The stock opened at Rs 109, which is 9% higher than the previous day’s closing price of Rs 100.27. During the intraday session, the stock surged by 10% with significant trading volume.   

Upon analysing today’s share volumes, it is evident that there has been a substantial increase of more than 8 times in volumes than its normal trading volumes on the BSE. Finally, the stock concluded the session at Rs 108.90 on the BSE.  

The stock’s 52-week highs and lows are recorded at Rs 110.25 and Rs 40.10, respectively. With a market capitalization of Rs 60 crore, the stock has displayed remarkable performance in recent times, delivering a 24% return in a week and an impressive 54% return in just one month. Furthermore, the stock has generated a multibagger return of 400% in the last five years.

Below is the presentation of the trading and delivery volumes of the stock on a weekly basis:

Financial Performance    

The company posted its June quarter on August 04, and revenue from operations experienced a substantial increase of 155% YoY, going from Rs 3.96 crore to Rs 10.08 crore. The operating profit of the company increased from Rs 0.51 crore to Rs 2.40 crore and on a sequential basis it grew from Rs 1.7 crore to Rs 2.4 crore, the operating profit stood at 24%. Whereas the net profit of the company amounts to Rs 1.83 crore, the net profit margins stood at 18% in FY23.   

The company’s return on capital employed (ROCE) and return on equity (ROE) are at 16.5% and 12.4%, respectively. The Book value of the company is Rs 46.4, whereas the Price to book value is 2.3 times. Furthermore, the price-to-earnings ratio is 13.6 times.   

Business Overview 

Maestros Electronics & Telecommunications Systems Limited is a pioneering young corporation based in India, listed on BSE, with over 20 years of experience in design, development, and manufacturing. The company in India focuses on creating products and services for financial inclusion, cardiology, gynaecology, critical care patient and disease management in medicine, with rich experience in the latest technologies and communication. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.