OSEL Devices Ltd
Founded in 2006, Osel Devices Limited manufactures LED display systems and hearing aids.[1]
- Market Cap ₹ 658 Cr.
- Current Price ₹ 370
- High / Low ₹ 835 / 320
- Stock P/E 22.5
- Book Value ₹ 108
- Dividend Yield 0.27 %
- 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
* 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 | |
| Sales growth | +14% | +26% | +61% | +41% | +57% | |
| 55 | 61 | 73 | 110 | 153 | 239 | |
| Operating Profit | 3 | 4 | 9 | 22 | 33 | 53 |
| OPM % | 4.9% | 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 | 1.62 | 1.84 | 4.05 | 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: | -45% |
| 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 | 28 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 2 |
| 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 | -69 | -20 | |
| 0 | 0 | -2 | -13 | -11 | -76 | |
| 5 | -2 | 8 | 4 | 83 | 89 | |
| Net Cash Flow | 2 | 1 | -4 | 4 | 4 | -7 |
| Free Cash Flow | -3 | 2 | -12 | 0 | -69 | -33 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -106% | 72% | -113% | 67% | -188% | -22% |
Ratios
Standalone / 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 | 139 | 108 |
| ROCE % | 26% | 35% | 54% | 31% | 24% |
Insights
In beta| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Hearing Aids Revenue Share % of total revenue |
|
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| LED Displays Revenue Share % of total revenue |
|||
| CMS SaaS Subscriber Locations (LED) locations |
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| Mobile Phone Distributors distributors |
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| Mobile Phone Retail Touchpoints touchpoints |
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| Mobile Phones Revenue Share % of total revenue |
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| SFL Hearing Clinics clinics |
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Extracted by Screener AI
Documents
Announcements
-
Press Release
- OSEL Devices wins 10-year ITPO concession for Bharat Mandapam LED screens, expecting Rs. 15 crore annual revenue.
-
General Updates
- Clarified EGM preferential issue terms, lock-in period, and valuation report references on October 27, 2026.
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Copy of Newspaper Publication
- Published newspaper clippings after dispatch of notice for 1 Extra-ordinary General Meeting on October 21, 2026.
-
Shareholders meeting
- EGM on November 12, 2026 to approve 1.70 lakh convertible warrants at Rs412, raising up to Rs7.00 crore.
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General Updates
- Board approved Rs.1 interim dividend, 1.70 lakh warrants at Rs.412, and EGM on Nov 12, 2026.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
Concalls
-
Jun 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Aug 2025PPT
-
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.