MAESTROS ELECTRONICS & TELECOMMUNICATIONS SYSTEMS LIMITED

Cash flow Maestros Electronics & Telecommunications Systems Limited

Stocks

METSL

INE318N01011

Advanced Medical Equipment & Technology

Delayed Bombay S.E. 05:32:06 2026-08-13 EDT			5-day change	1st Jan Change
139.00 ^INR	-7.58%		-4.17%	+5.34%

08-12	Maestros Electronics & Telecommunications Systems Limited Reports Earnings Results for the First Quarter Ended June 30, 2026	CI
05-29	Maestros Electronics & Telecommunications Systems Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2026	CI

c77960a3.x5a79rfobgoOYCe8ggKtCnA6d6UeOgf36OyEP-41xxA.gqXigJreCT14EkXl1Xr7ZyR2EN1XVnSUuLT0Wrlqk12E8vK60LwkeG0RRA

Published financial data: MAESTROS ELECTRONICS & TELECOMMUNICATIONS SYSTEMS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	476M	111M	246M	333M	289M
Other Revenues, Total	-	682K	-	1K	-400
Total Revenues	476M	112M	246M	333M	289M
Cost of Goods Sold, Total	345M	45.86M	134M	182M	156M
Gross Profit	131M	66.27M	112M	151M	133M
Selling General & Admin Expenses, Total	31.63M	36.81M	39.91M	45.97M	46.61M
Depreciation & Amortization - (IS)	3.6M	3.72M	3.89M	4.52M	3.91M
Other Operating Expenses	9.39M	18.26M	33.97M	37.7M	40.45M
Other Operating Expenses, Total	44.62M	58.79M	77.78M	88.18M	90.97M
Operating Income	86.04M	7.48M	33.87M	62.92M	42.12M
Interest Expense, Total	-10.65M	-2.96M	-3.25M	-6.15M	-2.16M
Interest And Investment Income	6.35M	13.48M	10.77M	13.34M	19.04M
Net Interest Expenses	-4.3M	10.53M	7.52M	7.18M	16.88M
Currency Exchange Gains (Loss)	-1.45M	760K	265K	618K	360K
Other Non Operating Income (Expenses)	-3.09M	-1.64M	-1.93M	-1.68M	-2.48M
EBT, Excl. Unusual Items	77.2M	17.13M	39.72M	69.04M	56.88M
Gain (Loss) On Sale Of Assets	-	-238K	485K	3K	400
Asset Writedown	-	-	-	29K	-
EBT, Incl. Unusual Items	77.2M	16.9M	40.2M	69.07M	56.88M
Income Tax Expense	20.8M	4.37M	10.41M	19.7M	13.15M
Earnings From Continuing Operations	56.4M	12.53M	29.8M	49.38M	43.73M
Net Income to Company	56.4M	12.53M	29.8M	49.38M	43.73M
Net Income - (IS)	56.4M	12.53M	29.8M	49.38M	43.73M
Net Income to Common Incl Extra Items	56.4M	12.53M	29.8M	49.38M	43.73M
Net Income to Common Excl. Extra Items	56.4M	12.53M	29.8M	49.38M	43.73M
Per Share Items
Net EPS - Basic	10.24	2.27	5.41	8.96	7.94
Basic EPS - Continuing Operations	10.24	2.27	5.41	8.96	7.94
Basic Weighted Average Shares Outstanding	5.51M	5.51M	5.51M	5.51M	5.51M
Net EPS - Diluted	10.24	2.27	5.41	8.96	7.94
Diluted EPS - Continuing Operations	10.24	2.27	5.41	8.96	7.94
Diluted Weighted Average Shares Outstanding	5.51M	5.51M	5.51M	5.51M	5.51M
Normalized Basic EPS	8.76	1.94	4.51	7.83	6.45
Normalized Diluted EPS	8.76	1.94	4.51	7.83	6.45
Dividend Per Share	-	0.5	-	-	-
Payout Ratio	-	21.99	-	-	-
Supplemental Items
EBITDA	89.64M	11.2M	37.76M	67.44M	46.02M
EBITA	86.04M	7.48M	33.87M	62.92M	42.12M
EBIT	86.04M	7.48M	33.87M	62.92M	42.12M
EBITDAR	89.82M	11.85M	38.27M	67.48M	46.16M
Total Revenues (As Reported)	485M	126M	259M	355M	314M
Effective Tax Rate - (Ratio)	26.94	25.84	25.88	28.52	23.12
Total Current Taxes	19.5M	3.95M	10.12M	17.53M	13.59M
Total Deferred Taxes	615K	417K	288K	-106K	-438K
Normalized Net Income	48.25M	10.71M	24.82M	43.15M	35.55M
Non-Cash Pension Expense	278K	284K	330K	377K	405K
Supplemental Operating Expense Items
Advertising Expense	-	-	-	2.07M	2.32M
Selling and Marketing Expenses	-	-	-	2.07M	2.32M
Research And Development Expense From Footnotes	61.64K	84K	130K	177K	91K
Net Rental Expense, Total	180K	650K	514K	36K	133K
Imputed Operating Lease Interest Expense	297K	731K	388K	34.93K	51.3K
Imputed Operating Lease Depreciation	-117K	-80.91K	126K	1.07K	81.7K
Maintenance & Repair Expenses, Total	1.23M	1.14M	1.47M	1.3M	1.45M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	2.24M	5.79M	223K	164K	1.34M
Short Term Investments	326M	240M	182M	230M	332M
Total Cash And Short Term Investments	328M	245M	182M	230M	333M
Accounts Receivable, Total	123M	118M	101M	157M	35.15M
Notes Receivable	1.3M	117K	59K	127K	945K
Total Receivables	124M	118M	101M	157M	36.09M
Inventory	27.08M	47.91M	26.66M	55.28M	60.28M
Prepaid Expenses	721K	601K	-	-	-
Other Current Assets, Total	18.79M	47.68M	27.07M	7.72M	10.88M
Total Current Assets	499M	459M	336M	451M	441M
Gross Property Plant And Equipment	101M	103M	113M	149M	175M
Accumulated Depreciation	-21.6M	-24.16M	-28.06M	-32.48M	-35.93M
Net Property Plant And Equipment	78.92M	78.54M	84.58M	117M	139M
Long-term Investments	-	-	-	-	-
Other Intangibles, Total	0	0	0	2.25M	6.65M
Other Long-Term Assets, Total	2.65M	3.18M	2.81M	2.94M	3.8M
Total Assets	581M	541M	424M	573M	590M
Liabilities
Accounts Payable, Total	57.16M	47.54M	20.43M	36.35M	36.23M
Accrued Expenses, Total	3.83M	4.77M	4.22M	5M	4.42M
Short-term Borrowings	19.64M	18.95M	46.69M	52.65M	35.55M
Current Portion of Long-Term Debt	-	698K	412K	412K	269K
Current Income Taxes Payable	20.54M	24.48M	30.65M	14.32M	8.39M
Other Current Liabilities	250M	204M	50.29M	144M	74.21M
Total Current Liabilities	351M	301M	153M	253M	159M
Long-Term Debt	1.4M	1.36M	834K	422K	138K
Pension & Other Post Retirement Benefits	4.19M	4.32M	5.1M	4.73M	5.63M
Deferred Tax Liability Non Current	7.99M	8.41M	8.7M	8.59M	8.2M
Other Non Current Liabilities	500K	401K	497K	606K	68.55M
Total Liabilities	365M	315M	168M	267M	242M
Common Stock, Total	55.1M	55.1M	55.1M	55.1M	55.1M
Additional Paid In Capital	33.36M	33.36M	33.36M	33.36M	33.36M
Retained Earnings	112M	122M	152M	201M	245M
Comprehensive Income and Other	15.15M	15.37M	15.68M	15.86M	15.49M
Total Common Equity	216M	226M	256M	305M	349M
Total Equity	216M	226M	256M	305M	349M
Total Liabilities And Equity	581M	541M	424M	573M	590M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	5.51M	5.51M	5.51M	5.51M	5.51M
ECS Total Common Shares Outstanding	5.51M	5.51M	5.51M	5.51M	5.51M
Book Value / Share	39.18	40.94	46.41	55.4	63.29
Tangible Book Value	216M	226M	256M	303M	342M
Tangible Book Value Per Share	39.18	40.94	46.41	54.99	62.08
Total Debt	21.04M	21M	47.94M	53.48M	35.96M
Net Debt	-307M	-224M	-134M	-177M	-297M
Debt Equivalent of Unfunded Proj. Benefit Obligation	4.54M	5.29M	5.61M	6.19M	6.51M
Debt Equivalent Oper. Leases	1.44M	5.2M	4.11M	288K	1.06M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	12.06M	42.51M	16.04M	38.73M	38.67M
Inventories - Work In Process, Total	15.03M	5.4M	9.45M	11.24M	13.91M
Inventories - Finished Goods, Total	-	-	1.17M	5.3M	7.71M
Land - (BS)	-	-	-	-	-
Buildings, Total	60.88M	61.92M	66.12M	66.12M	66.12M
Machinery, Total	27.12M	28.27M	34.01M	35.96M	47.28M
Full Time Employees	73	74	85	85	86
Assets under Capital Lease - Gross	12.51M	12.51M	12.51M	12.51M	12.51M
Accumulated Allowance for Doubtful Accounts (Supple)	-	186K	814K	232K	6K

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	56.4M	12.53M	29.8M	49.38M	43.73M
Depreciation & Amortization - CF	3.6M	3.72M	3.89M	4.52M	3.91M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	3.6M	3.72M	3.89M	4.52M	3.91M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-29K	-
Other Operating Activities, Total	24.38M	-4.49M	2.02M	-8.06M	-16.78M
Change In Accounts Receivable	-109M	5.46M	16.97M	-56.62M	122M
Change In Inventories	164M	-20.83M	21.25M	-28.62M	-5.01M
Change In Accounts Payable	1.39M	-9.62M	-27.1M	15.92M	-115K
Change in Other Net Operating Assets	137M	-71.49M	-104M	96.06M	-90.9M
Cash from Operations	277M	-84.72M	-57.34M	72.54M	56.86M
Capital Expenditure	-2.37M	-4.94M	-10.82M	-39.1M	-30.82M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-10M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	21.91M	14.01M	10.41M	-31.09M	-20.92M
Cash from Investing	19.54M	9.07M	-414K	-70.18M	-61.74M
Short Term Debt Issued, Total	-	-	-	5.95M	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	5.95M	-
Long-Term Debt Repaid, Total	-38.62M	-40K	-525K	-412K	-285K
Total Debt Repaid	-38.62M	-40K	-525K	-412K	-285K
Issuance of Common Stock	7.35M	-	-	-	-
Common Dividends Paid	-	-2.76M	-	-	-
Common & Preferred Stock Dividends Paid	-	-2.76M	-	-	-
Other Financing Activities, Total	-13.73M	-4.59M	-5.22M	-7.96M	-3.66M
Cash from Financing	-45M	-7.38M	-5.75M	-2.41M	-3.95M
Miscellaneous Cash Flow Adjustments	-	1K	1K	1K	10M
Net Change in Cash	251M	-83.04M	-63.51M	-59K	1.17M
Supplemental Items
Cash Interest Paid	13.73M	4.59M	5.22M	7.96M	3.66M
Cash Income Tax Paid (Refund)	1.72M	-	2.22M	13.16M	18.39M
Levered Free Cash Flow	296M	-91.41M	-104M	29.35M	34.33M
Unlevered Free Cash Flow	302M	-89.56M	-102M	33.2M	35.68M
Change In Net Working Capital	-247M	93.02M	116M	-28.45M	-36.28M
Net Debt Issued / Repaid	-38.62M	-40K	-525K	5.54M	-285K

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	10.91	0.83	4.39	7.9	4.53
Return on Total Capital	22.74	1.93	7.69	11.87	7.08
Return On Equity %	30.52	5.68	12.38	17.6	13.37
Return on Common Equity	30.52	5.68	12.38	17.6	13.37
Margin Analysis
Gross Profit Margin %	27.48	59.1	45.39	45.39	46.06
SG&A Margin	6.65	32.83	16.23	13.81	16.13
EBITDA Margin %	18.85	9.99	15.35	20.26	15.93
EBITA Margin %	18.09	6.67	13.77	18.9	14.58
EBIT Margin %	18.09	6.67	13.77	18.9	14.58
Income From Continuing Operations Margin %	11.86	11.17	12.11	14.83	15.14
Net Income Margin %	11.86	11.17	12.11	14.83	15.14
Net Avail. For Common Margin %	11.86	11.17	12.11	14.83	15.14
Normalized Net Income Margin	10.15	9.55	10.09	12.96	12.3
Levered Free Cash Flow Margin	62.16	-81.51	-42.21	8.82	11.88
Unlevered Free Cash Flow Margin	63.56	-79.87	-41.38	9.97	12.35
Asset Turnover
Asset Turnover	0.96	0.2	0.51	0.67	0.5
Fixed Assets Turnover	5.98	1.42	3.02	3.3	2.26
Receivables Turnover (Average Receivables)	6.18	0.93	2.26	2.58	3
Inventory Turnover (Average Inventory)	3.17	1.22	3.6	4.44	2.7
Short Term Liquidity
Current Ratio	1.42	1.53	2.2	1.78	2.77
Quick Ratio	1.29	1.21	1.85	1.53	2.32
Operating Cash Flow to Current Liabilities	0.79	-0.28	-0.38	0.29	0.36
Days Sales Outstanding (Average Receivables)	59.07	393.93	161.79	141.67	121.48
Days Outstanding Inventory (Average Inventory)	115.32	298.42	101.3	82.48	135.33
Average Days Payable Outstanding	113.79	286.51	109.69	49.39	82.36
Cash Conversion Cycle (Average Days)	60.6	405.84	153.4	174.77	174.46
Long Term Solvency
Total Debt/Equity	9.75	9.31	18.75	17.52	10.31
Total Debt / Total Capital	8.88	8.52	15.79	14.91	9.35
LT Debt/Equity	0.65	0.6	0.33	0.14	0.04
Long-Term Debt / Total Capital	0.59	0.55	0.27	0.12	0.04
Total Liabilities / Total Assets	62.83	58.29	39.62	46.7	40.92
EBIT / Interest Expense	8.08	2.53	10.42	10.23	19.54
EBITDA / Interest Expense	8.42	3.79	11.62	10.96	21.35
(EBITDA - Capex) / Interest Expense	8.2	2.12	8.29	4.61	7.05
Total Debt / EBITDA	0.23	1.87	1.27	0.79	0.78
Net Debt / EBITDA	-3.43	-20.02	-3.55	-2.62	-6.46
Total Debt / (EBITDA - Capex)	0.24	3.35	1.78	1.89	2.37
Net Debt / (EBITDA - Capex)	-3.52	-35.83	-4.97	-6.24	-19.57
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	250.94	-76.42	119.36	35.33	-13.21
Gross Profit, 1 Yr. Growth %	88.79	-49.28	68.46	35.35	-11.93
EBITDA, 1 Yr. Growth %	437.73	-87.5	237.02	78.6	-31.72
EBITA, 1 Yr. Growth %	607.27	-91.3	352.69	85.8	-33.07
EBIT, 1 Yr. Growth %	607.27	-91.3	352.69	85.8	-33.07
Earnings From Cont. Operations, 1 Yr. Growth %	1.53K	-77.79	137.82	65.71	-11.44
Net Income, 1 Yr. Growth %	1.53K	-77.79	137.82	65.71	-11.44
Normalized Net Income, 1 Yr. Growth %	1.39K	-77.81	131.82	73.83	-17.61
Diluted EPS Before Extra, 1 Yr. Growth %	1.45K	-77.82	138.22	65.69	-11.43
Accounts Receivable, 1 Yr. Growth %	298.7	-4.5	-14.44	56.31	-77.64
Inventory, 1 Yr. Growth %	-85.81	76.89	-44.36	107.36	9.06
Net Property, Plant and Equip., 1 Yr. Growth %	-1.53	-0.48	7.69	38.27	19.06
Total Assets, 1 Yr. Growth %	43.42	-6.89	-21.69	35.21	3.08
Tangible Book Value, 1 Yr. Growth %	40.47	4.5	13.35	18.5	12.89
Common Equity, 1 Yr. Growth %	40.47	4.5	13.35	19.38	14.24
Cash From Operations, 1 Yr. Growth %	-881.07	-130.59	-32.31	-225.95	-21.61
Capital Expenditures, 1 Yr. Growth %	-1.96	108.39	118.94	261.26	-21.16
Levered Free Cash Flow, 1 Yr. Growth %	-547.35	-130.93	12.33	-128.27	17.08
Unlevered Free Cash Flow, 1 Yr. Growth %	-588.69	-129.63	13.66	-132.61	7.57
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	122.87	-9.03	-28.08	72.3	8.38
Gross Profit, 2 Yr. CAGR %	57.12	-2.14	-7.56	51	9.18
EBITDA, 2 Yr. CAGR %	243.91	-18.02	-35.1	145.34	10.4
EBITA, 2 Yr. CAGR %	440.6	-21.58	-37.26	190.02	11.52
EBIT, 2 Yr. CAGR %	440.6	-21.58	-37.26	190.02	11.52
Earnings From Cont. Operations, 2 Yr. CAGR %	304.7	90.08	-27.32	98.52	21.14
Net Income, 2 Yr. CAGR %	304.7	90.08	-27.32	98.52	21.14
Normalized Net Income, 2 Yr. CAGR %	305.81	81.64	-28.28	100.74	19.67
Diluted EPS Before Extra, 2 Yr. CAGR %	283.3	85.25	-27.32	98.67	21.14
Accounts Receivable, 2 Yr. CAGR %	109.71	95.13	-9.61	15.65	-40.88
Inventory, 2 Yr. CAGR %	3	-49.89	-0.79	7.41	50.38
Net Property, Plant and Equip., 2 Yr. CAGR %	-2	-1.01	3.53	22.03	28.31
Total Assets, 2 Yr. CAGR %	62.18	15.56	-14.61	2.9	18.06
Tangible Book Value, 2 Yr. CAGR %	22.69	21.16	8.83	15.89	15.66
Common Equity, 2 Yr. CAGR %	22.66	21.16	8.83	16.32	16.78
Cash From Operations, 2 Yr. CAGR %	469.24	54.58	-54.5	-7.47	-0.64
Capital Expenditures, 2 Yr. CAGR %	-37.08	42.94	113.6	181.24	68.77
Levered Free Cash Flow, 2 Yr. CAGR %	306.32	17.62	-40.73	-43.65	-42.5
Unlevered Free Cash Flow, 2 Yr. CAGR %	329.54	20.34	-41.96	-39.12	-40.8
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	72.81	5.41	21.99	-11.21	37.09
Gross Profit, 3 Yr. CAGR %	41.52	7.78	17.28	4.97	26.16
EBITDA, 3 Yr. CAGR %	577.98	13.92	31.33	-9.05	60.15
EBITA, 3 Yr. CAGR %	187.8	36.46	40.68	-9.9	77.9
EBIT, 3 Yr. CAGR %	174.69	36.46	40.68	-9.9	77.9
Earnings From Cont. Operations, 3 Yr. CAGR %	181.07	53.8	104.82	-4.34	51.69
Net Income, 3 Yr. CAGR %	181.07	53.8	104.82	-4.34	51.69
Normalized Net Income, 3 Yr. CAGR %	237.28	54.03	97.02	-3.66	49.18
Diluted EPS Before Extra, 3 Yr. CAGR %	166.63	48.25	101.45	-4.34	51.77
Accounts Receivable, 3 Yr. CAGR %	74.73	61.34	48.24	8.5	-33.13
Inventory, 3 Yr. CAGR %	8.02	23.35	-48.11	26.84	7.96
Net Property, Plant and Equip., 3 Yr. CAGR %	-0.62	-1.5	1.81	14.01	21.03
Total Assets, 3 Yr. CAGR %	39.17	34.79	1.5	-0.47	2.96
Tangible Book Value, 3 Yr. CAGR %	18.72	16.3	18.5	11.96	14.88
Common Equity, 3 Yr. CAGR %	18.58	16.28	18.5	12.24	15.62
Cash From Operations, 3 Yr. CAGR %	143.9	114.82	17.38	-36.02	-12.45
Capital Expenditures, 3 Yr. CAGR %	-	-6.21	64.77	154.49	84.06
Levered Free Cash Flow, 3 Yr. CAGR %	368.53	72.19	16.26	-53.69	-28.12
Unlevered Free Cash Flow, 3 Yr. CAGR %	309.48	76.17	18.07	-52.11	-26.42
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	33.92	-2.69	21.7	28.31	16.35
Gross Profit, 5 Yr. CAGR %	23.39	1.21	19.35	23.34	13.97
EBITDA, 5 Yr. CAGR %	57.11	-5.74	165.24	54.83	22.52
EBITA, 5 Yr. CAGR %	97.48	-4.92	56.48	84.49	28.2
EBIT, 5 Yr. CAGR %	97.48	-3.81	52.17	84.49	28.2
Earnings From Cont. Operations, 5 Yr. CAGR %	66.18	12.24	63.63	70.33	66.01
Net Income, 5 Yr. CAGR %	66.18	12.24	63.63	70.33	66.01
Normalized Net Income, 5 Yr. CAGR %	64.4	10.79	81.58	71.25	61.4
Diluted EPS Before Extra, 5 Yr. CAGR %	56.51	6.85	58.53	66.67	64.37
Accounts Receivable, 5 Yr. CAGR %	30.89	28.07	34.24	41.22	2.63
Inventory, 5 Yr. CAGR %	35.28	26.06	4.41	16.71	-20.58
Net Property, Plant and Equip., 5 Yr. CAGR %	-1.61	-1.19	1.02	7.31	11.68
Total Assets, 5 Yr. CAGR %	22.76	19.58	14.47	20.99	7.83
Tangible Book Value, 5 Yr. CAGR %	13.98	12.96	14.66	16.14	17.35
Common Equity, 5 Yr. CAGR %	13.67	12.78	14.58	16.3	17.81
Cash From Operations, 5 Yr. CAGR %	94.25	43.47	24.61	53.37	9.91
Capital Expenditures, 5 Yr. CAGR %	-31.9	5.4	-	45.52	66.36
Levered Free Cash Flow, 5 Yr. CAGR %	209.4	35.32	104.91	10.39	-12.27
Unlevered Free Cash Flow, 5 Yr. CAGR %	160.42	37.26	87.42	15.17	-10.42