Low PE multibagger penny stock below Rs 100: This telecom equipment company bags new order worth Rs 1,29,13,000 from Ministry of Defence!

The stock gave multibagger returns of over 100 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 the company has received an order from the Office of DGAFMS (DG 2S) (Ministry of Defence). The order includes the delivery of 74 pieces of the product named PVMS No. 280608, a defibrillator monitor with a facility for external pacing.  The order is worth Rs 1,29,13,000 and will be completed within 120 days from the date of signing the contract.

Earlier, the Company received 1 Purchase Order (PO) from Employees State Insurance Corporation (ESIC) (Ministry of Labour and Employment) for delivery of 30 pieces of the product named METSL 2 channels TFT preconfigured / non-modular multipara monitor - low end. The contract value was Rs 25,05,000 and was delivered by December 03, 2023.

Today, shares of Maestros Electronics & Telecommunications Systems gained 4.05 per cent to Rs 87.68 per share from its previous closing of Rs 84.27 with an intraday high of Rs 89.99 and a low of Rs 84.33. 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.

Talking about the financials, this capital goods company has a market cap of Rs 48.31 crore. The company reported positive numbers in Quarterly Results 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 gave multibagger returns of over 100 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.