OSEL Devices Ltd
₹ 586
-2.26%
15 Dec
12:11 p.m.
About
Founded in 2006, Osel Devices Limited manufactures LED display systems and hearing aids.[1]
Key Points
- Market Cap ₹ 1,037 Cr.
- Current Price ₹ 586
- High / Low ₹ 835 / 186
- Stock P/E 38.1
- 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
- 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: | 199% |
| 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
-
Product launch
3 December 2025 - Launch of Philips 5G Smartphones in December 2025 (domestic); specs include 50MP, 5700mAh, 6/8GB, 128/256GB.
-
Press Release
3 December 2025 - Launch of Philips 5G smartphones (2 models, 3 variants); distribution from Dec 2025; 6–8GB RAM, 5700mAh battery.
-
Analysts/Institutional Investor Meet/Con. Call Updates
2 December 2025 - Virtual investor meeting Dec 5, 2025 at 03:00 PM; MD Rajendra Ravi Shanker Mishra attending.
-
Credit Rating
29 November 2025 - Crisil reaffirmed OSEL Devices' long-term bank facilities at BBB; outlook revised to Positive on Nov 29, 2025.
-
Credit Rating- New
28 November 2025 - Infomerics assigned IVR BBB+ (Stable) to OSEL Devices' Rs 48.00 crore long-term bank facilities, Nov 27, 2025.
Annual reports
Concalls
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Nov 2025Transcript PPT REC
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Aug 2025TranscriptAI SummaryPPT
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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.