OSEL Devices Ltd
Founded in 2006, Osel Devices Limited manufactures LED display systems and hearing aids.[1]
- Market Cap ₹ 821 Cr.
- Current Price ₹ 461
- High / Low ₹ 835 / 270
- Stock P/E 28.1
- Book Value ₹ 108
- Dividend Yield 0.00 %
- ROCE 24.4 %
- ROE 19.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 84.7% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.4%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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.
Peer comparison
Healthcare Healthcare Healthcare Equipment & Supplies Medical Equipment & Supplies
Part of Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 57 | 65 | 82 | 132 | 186 | 293 | |
| 55 | 61 | 73 | 110 | 153 | 239 | |
| Operating Profit | 3 | 4 | 9 | 22 | 33 | 53 |
| OPM % | 5% | 7% | 11% | 17% | 18% | 18% |
| 0 | 0 | 0 | 0 | 0 | 2 | |
| Interest | 0 | 1 | 1 | 3 | 3 | 10 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 2 | 3 | 7 | 19 | 29 | 44 |
| Tax % | 33% | 29% | 33% | 32% | 31% | 34% |
| 1 | 2 | 5 | 13 | 20 | 29 | |
| EPS in Rs | 9.99 | 11.39 | 25.04 | 10.99 | 12.43 | 16.53 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 39% |
| 3 Years: | 53% |
| TTM: | 57% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 85% |
| 3 Years: | 84% |
| TTM: | 46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 65% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 26% |
| Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1 | 2 | 2 | 12 | 16 | 18 |
| Reserves | 4 | 6 | 10 | 14 | 92 | 173 |
| 10 | 9 | 18 | 25 | 50 | 94 | |
| 8 | 17 | 19 | 48 | 40 | 52 | |
| Total Liabilities | 23 | 33 | 49 | 99 | 198 | 338 |
| 6 | 5 | 7 | 18 | 17 | 29 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 48 |
| 17 | 28 | 42 | 80 | 180 | 261 | |
| Total Assets | 23 | 33 | 49 | 99 | 198 | 338 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -3 | 3 | -11 | 13 | -38 | -20 | |
| 0 | 0 | -2 | -13 | -0 | -76 | |
| 5 | -2 | 8 | 4 | 53 | 89 | |
| Net Cash Flow | 2 | 1 | -4 | 4 | 14 | -7 |
| Free Cash Flow | -3 | 2 | -12 | 0 | -38 | -33 |
| CFO/OP | -106% | 72% | -113% | 67% | -97% | -22% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 45 | 63 | 57 | 73 | 128 | 134 |
| Inventory Days | 28 | 63 | 94 | 91 | 104 | 94 |
| Days Payable | 37 | 94 | 84 | 130 | 77 | 56 |
| Cash Conversion Cycle | 36 | 33 | 67 | 35 | 156 | 172 |
| Working Capital Days | -12 | -7 | 27 | 38 | 163 | 167 |
| ROCE % | 26% | 35% | 54% | 31% | 24% |
Insights
In beta| Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|
| Installed Production Capacity: Hearing Aids Units p.a. |
|
||
| Installed Production Capacity: LED Displays Sq. Ft. p.a. |
|||
| Mobile Phone Distribution Network - Distributors Number |
|||
| Mobile Phone Distribution Network - Retail Outlets Number |
|||
| Mobile Phone Order Book / Pipeline Units |
|||
| Mobile Phone Sales Volume (Philips Feature Phones) Units |
|||
| Product Activation (Mobile Phones) Units per day |
|||
| Service Center Network Locations |
|||
Extracted by Screener AI
Documents
Announcements
-
Analysts/Institutional Investor Meet/Con. Call Updates
8 June 2026 - Transcript of H2 FY26 earnings call for audited March 2026 results; revenue up 56.9% to ₹292.7 crore.
-
Analysts/Institutional Investor Meet/Con. Call Updates
2 June 2026 - Audio recording shared for investor call on H2FY26 and FY26 results, held June 2, 2026.
-
Investor Presentation
2 June 2026 - Osel Devices shared FY26 half-year and full-year investor presentation on June 2, 2026.
-
General Updates
31 May 2026 - Board approved FY26 audited results, 1.60 lakh ESOPs, office shift, auditor reappointment, and advisor appointment.
-
Appointment
29 May 2026 - On May 29, 2026, board approved FY26 audited results, 1.6 lakh ESOPs, office shift, and appointments.
Annual reports
Concalls
-
Jun 2026TranscriptPPT REC
-
Nov 2025Transcript PPT REC
-
Aug 2025TranscriptAI SummaryPPT
-
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.