OSEL Devices Ltd
₹ 765
3.00%
26 Nov
11:59 a.m.
About
Founded in 2006, Osel Devices Limited manufactures LED display systems and hearing aids.[1]
Key Points
- Market Cap ₹ 1,354 Cr.
- Current Price ₹ 765
- High / Low ₹ 835 / 186
- Stock P/E 49.7
- Book Value ₹ 100.0
- Dividend Yield 0.00 %
- ROCE 31.1 %
- ROE 30.1 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 39.2%
Cons
- Stock is trading at 7.71 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -6.32%
- Debtor days have increased from 86.3 to 128 days.
- Working capital days have increased from 75.9 days to 163 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 57 | 65 | 82 | 132 | 186 | 246 | |
| 55 | 61 | 73 | 110 | 153 | 201 | |
| Operating Profit | 3 | 4 | 9 | 22 | 33 | 45 |
| OPM % | 5% | 7% | 11% | 17% | 18% | 18% |
| 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 1 | 1 | 3 | 3 | 6 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 2 | 3 | 7 | 19 | 29 | 38 |
| Tax % | 33% | 29% | 33% | 32% | 31% | |
| 1 | 2 | 5 | 13 | 20 | 27 | |
| EPS in Rs | 9.99 | 11.39 | 25.04 | 10.99 | 12.43 | 16.04 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 42% |
| TTM: | 46% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 111% |
| TTM: | 73% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 272% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 39% |
| Last Year: | 30% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1 | 2 | 2 | 12 | 16 | 18 |
| Reserves | 4 | 6 | 10 | 14 | 92 | 159 |
| 10 | 9 | 18 | 25 | 50 | 100 | |
| 8 | 17 | 19 | 48 | 40 | 46 | |
| Total Liabilities | 23 | 33 | 49 | 99 | 198 | 323 |
| 6 | 5 | 7 | 18 | 17 | 22 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 41 |
| 17 | 28 | 42 | 80 | 180 | 259 | |
| Total Assets | 23 | 33 | 49 | 99 | 198 | 323 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -3 | 3 | -11 | 13 | -38 | |
| 0 | 0 | -2 | -13 | -0 | |
| 5 | -2 | 8 | 4 | 53 | |
| Net Cash Flow | 2 | 1 | -4 | 4 | 14 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 45 | 63 | 57 | 73 | 128 |
| Inventory Days | 28 | 63 | 94 | 91 | 104 |
| Days Payable | 37 | 94 | 84 | 130 | 77 |
| Cash Conversion Cycle | 36 | 33 | 67 | 35 | 156 |
| Working Capital Days | -12 | -7 | 27 | 38 | 163 |
| ROCE % | 26% | 35% | 54% | 31% |
Documents
Announcements
-
Analysts/Institutional Investor Meet/Con. Call Updates
18 November 2025 - H1 FY26 earnings-call transcript: hearing aids 35%, LED 48%, phones 15%; 1 lakh sold, 3 lakh in-hand, targeting 5 lakh.
-
Analysts/Institutional Investor Meet/Con. Call Updates
13 November 2025 - Audio recording of investor call on H1 FY26 results (ended Sept 30, 2025) posted.
-
Investor Presentation
13 November 2025 - Investor presentation for H1 FY26 (ended 30 Sep 2025): revenue ₹14,686.13 lakh; PAT ₹1,518.61 lakh.
-
Statement of deviation(s) or variation(s) under Reg. 32
12 November 2025 - No deviation: IPO Rs70.66 crore, preferential Rs54.07 crore, H1 ended Sep 30, 2025.
-
Outcome of Board Meeting
12 November 2025 - Approved H1 FY2025-26 results (30/09/2025): Revenue Rs14,686.13L, PAT Rs1,518.61L; auditors reappointed; IPO funds confirmed.
Annual reports
Concalls
-
Nov 2025Transcript PPT REC
-
Aug 2025TranscriptNotesPPT
-
May 2025Transcript PPT
Business Divison[1]
A)LED Display System (70% of FY23 revenue)[2]
The company manufactures LED display systems for commercial use, including key components for advertising media, billboards, corporate boardrooms, presentations, display promotions, command centers, and front signs.
These LED display systems come with an integrated content management system that allows users to connect via phone or computer to manage and display content on the screens.