OSEL Devices Ltd
Founded in 2006, Osel Devices Limited manufactures LED display systems and hearing aids.[1]
- Market Cap ₹ 660 Cr.
- Current Price ₹ 371
- High / Low ₹ 835 / 357
- Stock P/E 22.6
- 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
- Promoter holding has decreased over last quarter: -0.37%
* 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 % | 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 | 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: | -36% |
| 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 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 |
|||
| 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
-
Copy of Newspaper Publication
- AGM notice and annual report dispatched on September 2, 2026; advertisement published in Financial Express and Jansatta on September 3.
-
Shareholders meeting
- OSEL Devices AGM on 25 Sep 2026; agenda includes 50 crore related-party transaction, capital increase, and object clause changes.
-
Resignation of Director/KMP/SMP
- Osel Devices Limited has informed about Resignation of Director/KMP/SMP
-
Amendment to AOA/MOA
- Board approved CFO resignation, director reappointments, subsidiary merger, Rs 50 crore RPTs, and AGM on Sep 25, 2026.
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Other Restructuring
- Board approved merger, Rs 50 crore RPTs, capital increase, AGM on Sept 25, 2026; CFO resigned.
Annual reports
Concalls
-
Jun 2026Transcript PPT REC
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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.