OSEL Devices Ltd
₹ 613
1.96%
10 Apr
- close price
About
Founded in 2006, Osel Devices Limited manufactures LED display systems and hearing aids.[1]
Key Points
- Market Cap ₹ 1,084 Cr.
- Current Price ₹ 613
- High / Low ₹ 835 / 197
- Stock P/E 39.8
- 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: | 179% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 38% |
| 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 |
| Free Cash Flow | -3 | 2 | -12 | 0 | -38 |
| CFO/OP | -106% | 72% | -113% | 67% | -97% |
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% |
Insights
In beta| Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|
| Installed Production Capacity: Hearing Aids Units p.a. |
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| Installed Production Capacity: LED Displays Sq. Ft. p.a. |
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| Mobile Phone Distribution Network - Distributors Number |
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| Mobile Phone Distribution Network - Retail Outlets Number |
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| Mobile Phone Order Book / Pipeline Units |
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| Mobile Phone Sales Volume (Philips Feature Phones) Units |
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| Product Activation (Mobile Phones) Units per day |
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| Service Center Network Locations |
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Documents
Announcements
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General Updates
7 April 2026 - Submitted annual Regulation 31(4) and 31(5) promoter disclosure for year ended 31 March 2026.
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Press Release
1 April 2026 - OSEL Devices' Greater Noida hearing-aid facility registered with US FDA on April 1, 2026, enabling U.S. market access.
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Trading Window
26 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after audited results for year/half-year ended Mar 31, 2026.
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Agreements
24 March 2026 - Subsidiary Osel Healthcare to acquire 90.69% of SFL Hearing for Rs.30 Crore; completion conditional.
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General Updates
14 March 2026 - Osel Devices awarded 'Most Trusted Brands of India 2026-27' by Marksmen Daily in Mumbai on March 14, 2026.
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.