BSE: 0 | NSE: OSELDEVICE | Medical Equipment/Supplies/Accessories |
Past 10 year's financial track record analysis by Moneyworks4me indicates that Osel Devices Ltd is a average quality company.
The key valuation ratios of Osel Devices Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Osel Devices Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 17% | 26.5% | 35.1% | 54.4% | - |
| Value Creation Index ⓘ | 0.2 | 0.9 | 1.5 | 2.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 57.4 | 65.3 | 81.9 | 132 | 132 |
| Sales YoY Gr. | - | 13.6% | 25.5% | 61.5% | - |
| Adj EPS ⓘ | 1.6 | 2 | 4.4 | 11.1 | 8.1 |
| YoY Gr. | - | 18.9% | 125.1% | 153.1% | - |
| BVPS (₹) ⓘ | 5.9 | 6.6 | 10.7 | 22 | 60.8 |
| Adj Net Profit ⓘ | 1.4 | 2.3 | 5.1 | 12.8 | 13 |
| Cash Flow from Ops. ⓘ | -3.3 | 2.6 | -10.7 | 12.2 | - |
| Debt/CF from Ops. ⓘ | -3 | 3.4 | -1.7 | 2.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 32% | 61.5% | ||||
| Adj EPS ⓘ | NA | NA | 89.2% | 153.1% | ||||
| BVPSⓘ | NA | NA | 54.7% | 106.2% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 27.6 | 35.5 | 50.9 | 68.1 | 19.6 |
| Op. Profit Mgn % ⓘ | 4.9 | 7 | 11.3 | 17 | NAN |
| Net Profit Mgn % ⓘ | 2.4 | 3.4 | 6.2 | 9.7 | 9.9 |
| Debt to Equity ⓘ | 2 | 1.1 | 1.5 | 1 | - |
| Working Cap Days ⓘ | 0 | 97 | 142 | 161 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 32 | 41 | 28 | 0 |
Sales growth is growing at healthy rate in last 3 years 32.04%
Net Profit is growing at healthy rate in last 3 years 89.22%
Debt to equity has declined versus last 3 years average to 1.00
Return on Equity has declined versus last 3 years average to 19.50%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 8.1 | - |
| TTM Sales (₹ Cr.) | 132 | - |
| BVPS (₹.) ⓘ | 60.8 | - |
| Reserves (₹ Cr.) ⓘ | 82 | - |
| P/BV ⓘ | 3.54 | - |
| PE ⓘ | 26.61 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 347 |
| Equity (₹ Cr.) | 16.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 78.9 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 57 | 65 | 82 | 132 |
| Operating Expenses ⓘ | 55 | 61 | 73 | 110 |
| Manufacturing Costs | 0 | 0 | 0 | 0 |
| Material Costs | 51 | 58 | 69 | 102 |
| Employee Cost | 1 | 1 | 2 | 4 |
| Other Costs ⓘ | 2 | 2 | 2 | 4 |
| Operating Profit ⓘ | 3 | 4 | 9 | 22 |
| Operating Profit Margin (%) | 4.8% | 6.7% | 10.6% | 17.0% |
| Other Income ⓘ | 0 | 0 | 0 | 0 |
| Interest ⓘ | 1 | 1 | 1 | 3 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2 | 3 | 7 | 19 |
| Tax ⓘ | 1 | 1 | 2 | 5 |
| Profit After Tax | 1 | 2 | 5 | 13 |
| PAT Margin (%) | 2.4% | 3.3% | 5.7% | 9.9% |
| Adjusted EPS (₹) | 1.6 | 1.8 | 4.0 | 11.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 5 | 8 | 12 | 25 | ||||||
| Share Capital ⓘ | 1 | 2 | 2 | 12 | ||||||
| Reserves ⓘ | 4 | 6 | 10 | 14 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 8 | 7 | 9 | 24 | ||||||
| Long Term Debt | 3 | 2 | 1 | 8 | ||||||
| Short Term Debt | 5 | 5 | 8 | 16 | ||||||
| Trade Payables | 5 | 15 | 16 | 36 | ||||||
| Others Liabilities ⓘ | 4 | 3 | 12 | 13 | ||||||
| Total Liabilities ⓘ | 23 | 33 | 49 | 99 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 7 | 7 | 9 | 22 | ||||||
| Accumulated Depreciation | 1 | 2 | 2 | 3 | ||||||
| Net Fixed Assetsⓘ | 6 | 5 | 7 | 18 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 4 | 10 | 18 | 25 | ||||||
| Trade Receivables | 7 | 11 | 13 | 27 | ||||||
| Cash Equivalents | 5 | 5 | 1 | 5 | ||||||
| Others Assetsⓘ | 1 | 1 | 10 | 24 | ||||||
| Total Assets ⓘ | 23 | 33 | 49 | 99 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -3 | 3 | -11 | 12 |
| PBT ⓘ | 2 | 3 | 7 | 19 |
| Adjustment ⓘ | 1 | 1 | 2 | 4 |
| Changes in Working Capital ⓘ | -6 | -1 | -18 | -8 |
| Tax Paid ⓘ | 0 | -1 | -1 | -2 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | -2 | -13 |
| Capex | 0 | 0 | -2 | -13 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 5 | -2 | 8 | 4 |
| Net Proceeds from Shares ⓘ | 0 | 1 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | -2 | -1 | 7 |
| Interest Paid ⓘ | -1 | -1 | -1 | -3 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 5 | 0 | 10 | 1 |
| Net Cash Flow ⓘ | 2 | 1 | -4 | 4 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 27.16 | 33.6 | 46.79 | 69.37 | ||||||
| ROCE (%) | 16.95 | 26.49 | 35.05 | 54.36 | ||||||
| Asset Turnover Ratio | 2.55 | 2.34 | 1.99 | 1.79 | ||||||
| PAT to CFO Conversion(x) | -3 | 1.5 | -2.2 | 0.92 | Working Capital Days | |||||
| Receivable Days | 45 | 51 | 54 | 54 | ||||||
| Inventory Days | 25 | 40 | 63 | 60 | ||||||
| Payable Days | 37 | 64 | 83 | 94 | ||||||
Osel Devices was incorporated on August 14, 2006 as a private limited company under the name and style of ‘Innovative Infratech Soultions Private Limited’, under the Companies Act, 1956, pursuant to a certificate of incorporation dated August 14, 2006 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Subsequently, in order to rectify the transposition error in the name of the company, pursuant to a resolution passed by its Board of Directors in its meeting held on November 6, 2013, and by the Shareholders in their Extraordinary General Meeting held on November 8, 2013, the name of the company was changed to ‘Innovative Infratech Solutions Private Limited’ and a fresh certificate of incorporation dated November 22, 2013 was issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana.
Subsequently, pursuant to a resolution passed by its Board of Directors in its meeting held on November 13, 2023, and by the Shareholders in their extraordinary general meeting held on December 15, 2023, in order to reflect the main business activity of the Company and for better branding, the name of the company was changed to ‘Osel Devices Private Limited’ and a fresh certificate of incorporation dated January 16, 2024 was issued by the Registrar of Companies, Delhi and Haryana at Delhi.
Further, the company was converted into a public limited company pursuant to a resolution passed by its Board of Directors in its meeting held on March 15, 2024, and by the Shareholders in an extraordinary general meeting held on March 22, 2024 and consequently the name of the Company was changed to ‘Osel Devices Limited’ and a fresh certificate of incorporation dated May 2, 2024 was issued by the Registrar of Companies, Central Processing Centre.
Osel Devices is driven by a passion for innovation and a commitment to excellence. As a provider of technology solutions, the company specializes in creating transformative products that empower individuals, businesses, and communities to thrive in a rapidly evolving digital world. The company manufactures a comprehensive range of LED display systems and the latest hearing aids, including all major components, at its ultra-modern plant. It is equipped with software and hardware capabilities. The company’s LED display systems are enabled with content management system which allows it to connect to phone or computer and display on screen. Equipped with the latest technology and adhering to rigorous quality control standards, it produces a wide range of high-performance components and systems. This vertical integration ensures consistency and excellence in every product it delivers. The LED display systems manufactured by it has been used by corporate for commercial usage such as advertising media, billboards, corporate meeting rooms, presentations, display promotions, command control centre and front sign boards.
The company also manufactures latest hearing aids commonly known as assisted healthcare devices. Its hearing aids are designed to support individuals with disabilities, elderly person and chronic patients, who are having low hearing level, in performing everyday activities more effectively to enhance quality of life. Its major customer for hearing aids is Artificial Limbs Manufacturing Corporation of India. It manufactures Digital Programable and Non-Programmable Hearing Aids.
Business area of the company
The company is engaged in manufacturing LED display and Hearing Aids. It manufactures LED display for diverse customers engaged in various industries
Products of the company
Awards and accreditations
History and milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
