---
title: "OSEL Devices Ltd (OSELDEVICE) — Share Price, Financials & Analysis"
symbol: "OSELDEVICE"
company: "OSEL Devices Ltd"
canonical: "https://tapetide.com/stocks/OSELDEVICE"
isin: "INE0RMF01018"
nse_symbol: "OSELDEVICE"
sector: "Healthcare"
industry: "Medical Equipment"
market_cap_cr: 658.4
generated_at: "2026-09-13T19:10:11.154Z"
---

# OSEL Devices Ltd (OSELDEVICE)

Canonical page: https://tapetide.com/stocks/OSELDEVICE

## Company

- **NSE Symbol:** OSELDEVICE
- **ISIN:** INE0RMF01018
- **Sector:** Healthcare
- **Industry:** Medical Equipment
- **Macro Sector:** Healthcare
- **Stock Type:** EQUITY
- **Listed Since:** 2024-09-24
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** oseldevices.com

## About

Founded in 2006, Osel Devices Limited manufactures LED display systems and hearing aids.[1]

## Latest Price

- **Price:** ₹372.15
- **Change:** +0.5 (+0.13%)
- **Open:** ₹369.75
- **Day High:** ₹374.8
- **Day Low:** ₹369.15
- **Previous Close:** ₹371.65
- **Volume:** 26200
- **As Of:** 2026-09-11T09:59:10+00:00

## Key Fundamentals

Observed at 2026-09-11T04:44:27.071634Z.

- **Market Cap:** ₹658.4 Cr
- **Classification:** SME
- **P/E (reported):** 22.6
- **Book Value:** ₹114.28
- **Price to Book:** 3.25
- **Dividend Yield:** 0%
- **ROE:** 18.58%
- **ROCE:** 29.38%
- **Debt to Equity:** 0.49
- **Revenue (yearly):** ₹292.67 Cr
- **Net Income:** ₹29.68 Cr
- **EBITDA:** ₹53.36 Cr
- **52-Week High:** ₹835
- **52-Week Low:** ₹355.25
- **RSI (14):** 41.88

## Tapetide Score

- **Score:** 50 / 100
- **Score date:** 2026-09-04
- **Archetype:** Losing Momentum
- **What it means:** A capable business whose price trend has turned while the multiple is still demanding. Often a re-rating in progress rather than a broken company — watch whether earnings stay resilient.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Falling
- **Percentile:** 47.7 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 39.63 | 9% |
| growth | 98.9 | 9% |
| momentum | 15.2 | 12% |
| ownership | 40.66 | 24% |
| quality | 66.32 | 22% |
| valuation | 48.54 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- 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%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -0.37%

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -396.28% | -257.87% | — |
| ebitda margin growth | 0.78% | 4.99% | 155.43% |
| net income growth | 47.66% | 84% | 85% |
| revenue growth | 56.84% | 53% | 39% |
| roce | -54.65% | -50.89% | 45.54% |
| roe | -62.88% | 35.52% | -31.59% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 51 | 82 | 87 | 99 | 147 | 146 |
| Expenses | 42 | 68 | 74 | 79 | 122 | 117 |
| Operating Profit | 9 | 14 | 13 | 20 | 25 | 29 |
| OPM % | 17 | 17 | 15 | 20 | 17 | 20 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 2 |
| Interest | 1 | 2 | 2 | 2 | 4 | 6 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 7 | 12 | 11 | 18 | 20 | 24 |
| Tax % | 26 | 35 | 29 | 32 | 26 | 41 |
| Net Profit | 5 | 8 | 8 | 12 | 15 | 14 |
| EPS in Rs | 26.6 | 6.7 | 4.97 | 7.46 | 8.58 | 7.95 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 57 | 65 | 82 | 132 | 186 | 293 |
| Expenses | 55 | 61 | 73 | 110 | 153 | 239 |
| Operating Profit | 3 | 4 | 9 | 22 | 33 | 53 |
| OPM % | 4.9 | 7 | 11 | 17 | 18 | 18 |
| Other Income | 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 |
| Net Profit | 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 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |
| Borrowings | 10 | 9 | 18 | 25 | 50 | 94 |
| Other Liabilities | 8 | 17 | 19 | 48 | 40 | 52 |
| Total Liabilities | 23 | 33 | 49 | 99 | 198 | 338 |
| Fixed Assets | 6 | 5 | 7 | 18 | 17 | 29 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 48 |
| Other Assets | 17 | 28 | 42 | 80 | 180 | 261 |
| Total Assets | 23 | 33 | 49 | 99 | 198 | 338 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -3 | 3 | -11 | 13 | -38 | -20 |
| Cash from Investing Activity | 0 | 0 | -2 | -13 | 0 | -76 |
| Cash from Financing Activity | 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

| Item | 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 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 98.5% | 71.53% | 71.53% | 65.21% | 65.21% | 64.84% |
| FIIs | 0% | 4.13% | 1.83% | 0% | 0.15% | 0.18% |
| DIIs | 0% | 0.06% | 0% | 0% | 3.56% | 3.56% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 13.25% | 17.68% | 25.3% | 25.13% | 25.14% |
| Others | 1.5% | 11.02% | 8.95% | 9.49% | 5.95% | 6.28% |
| No. of Shareholders | 25 | 2522 | 1897 | 1927 | 2777 | 3241 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 6 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 374.8 | Sell |
| EMA (10) | 376.58 | Sell |
| SMA (20) | 382.69 | Sell |
| EMA (20) | 383.78 | Sell |
| SMA (50) | 409 | Sell |
| EMA (50) | 408.41 | Sell |
| SMA (100) | 457.45 | Sell |
| EMA (100) | 441.63 | Sell |
| SMA (200) | 502.29 | Sell |
| EMA (200) | 456.82 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 42.12 | Neutral |
| MACD (12,26,9) | -10.5 | Buy |
| Stochastic (14,3,3) | 22.56 | Neutral |
| ADX (14) | 27.22 | Buy |
| Williams %R (14) | -77.62 | Neutral |
| ATR (14) | 18.99 | High Volatility |
| ROC (12) | -5.28 | Sell |
| Stoch RSI (14) | 32.75 | Neutral |
| UO (7,14,28) | 49.16 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 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 8 June 2026 - Transcript of H2 FY26 earnings call for audited March 2026 results; revenue up 56.9% to ₹292.7 crore.](https://nsearchives.nseindia.com/corporate/OSEL_08062026195856_Transcript.pdf) |
| 7 July 2026 - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 July 2026 - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026.](https://nsearchives.nseindia.com/corporate/OSEL_07072026123900_74Intimation.pdf) |
| 7 Jul - Submitted SDD compliance certificate for quarter ended June 30, 2026. | [Structural Digital Database 7 Jul - Submitted SDD compliance certificate for quarter ended June 30, 2026.](https://nsearchives.nseindia.com/corporate/OSEL_07072026133525_SDDIntimation.pdf) |
| 7 Jul - OSEL Devices says corporate governance provisions are not applicable under SME NSE rules for June 30, 2026 quarter. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 7 Jul - OSEL Devices says corporate governance provisions are not applicable under SME NSE rules for June 30, 2026 quarter.](https://nsearchives.nseindia.com/corporate/OSEL_07072026124711_NAIntimation.pdf) |
| 7 April 2026 - Submitted annual Regulation 31(4) and 31(5) promoter disclosure for year ended 31 March 2026. | [General Updates 7 April 2026 - Submitted annual Regulation 31(4) and 31(5) promoter disclosure for year ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/OSEL_07042026161427_Intimationsigned.pdf) |
| 31 May 2026 - Board approved FY26 audited results, 1.60 lakh ESOPs, office shift, auditor reappointment, and advisor appointment. | [General Updates 31 May 2026 - Board approved FY26 audited results, 1.60 lakh ESOPs, office shift, auditor reappointment, and advisor appointment.](https://nsearchives.nseindia.com/corporate/OSEL_31052026212021_Outcome.pdf) |
| 30 June 2026 - OSEL Devices schedules one-to-one investor meeting with Nepean Capital LLP on July 3, 2026 in Mumbai. | [Analysts/Institutional Investor Meet/Con. Call Updates 30 June 2026 - OSEL Devices schedules one-to-one investor meeting with Nepean Capital LLP on July 3, 2026 in Mumbai.](https://nsearchives.nseindia.com/corporate/OSEL_30062026221108_Intimation.pdf) |
| 3 Sep - AGM notice and annual report dispatched on September 2, 2026; advertisement published in Financial Express and Jansatta on September 3. | [Copy of Newspaper Publication 3 Sep - AGM notice and annual report dispatched on September 2, 2026; advertisement published in Financial Express and Jansatta on September 3.](https://nsearchives.nseindia.com/corporate/OSEL_03092026121311_Intimation.pdf) |
| 29 May 2026 - OSEL Devices reported no deviation in IPO and preferential issue fund utilization for FY26, with audit review on May 29. | [Statement of deviation(s) or variation(s) under Reg. 32 29 May 2026 - OSEL Devices reported no deviation in IPO and preferential issue fund utilization for FY26, with audit review on May 29.](https://nsearchives.nseindia.com/corporate/OSEL_29052026205957_SODfinal.pdf) |
| 29 May 2026 - On May 29, 2026, board approved FY26 audited results, 1.6 lakh ESOPs, office shift, and appointments. | [Appointment 29 May 2026 - On May 29, 2026, board approved FY26 audited results, 1.6 lakh ESOPs, office shift, and appointments.](https://nsearchives.nseindia.com/corporate/OSEL_29052026205818_outcomefinal.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/OSEL_18112025125159_Transcriptsigned.pdf) |
| May 2025 | [Concall - May 2025](https://nsearchives.nseindia.com/corporate/OSEL_29052025165116_IntimationTranscript.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://nsearchives.nseindia.com/corporate/OSEL_22082025180113_Investor-intimation.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31089_OSELDEVICE_2025_2026_A_20345033_02092026151041.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28055_OSELDEVICE_2024_2025_A_2894151_01092025171424.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:10:11.154Z.