Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹656 Cr.
Stock P/E
32.7
P/B
4
Current Price
₹368.6
Book Value
₹ 92.5
Face Value
10
52W High
₹835
52W Low
₹ 349.8
Dividend Yield
0%

Osel Devices Overview

Business

Osel Devices Ltd. is an Indian company operating in the Medical Equipment/Supplies/Accessories sector. The company likely specializes in the design, manufacturing, distribution, and sale of a range of medical devices, instruments, consumables, and accessories used across various healthcare settings such as hospitals, clinics, diagnostic centers, and by individual healthcare professionals. Its core business model revolves around selling these products directly to healthcare providers, through a network of distributors, or via participation in tenders issued by government and private healthcare institutions. Revenue is primarily generated from the sales of its medical products.

Revenue Mix

Specific key segments and their revenue contributions for Osel Devices Ltd. are not publicly available. In the broader medical equipment industry, common segmentation includes categories such as:

Surgical Instruments & Devices: Tools and implants used in surgical procedures.

Medical Consumables & Disposables: Items like syringes, catheters, gloves, bandages, and drapes.

Diagnostic Equipment: Devices for imaging (e.g., ultrasound, X-ray), laboratory diagnostics, and patient monitoring.

Critical Care & Respiratory Devices: Equipment for intensive care units and respiratory support.

Without specific company data, the actual mix for Osel Devices Ltd. remains undeterminable.

Industry

The Indian medical equipment industry is characterized by significant growth potential, driven by expanding healthcare infrastructure and rising demand. It is a diverse and competitive market, comprising both large multinational corporations (MNCs) that often dominate high-tech and capital-intensive segments, and numerous domestic players. Domestic companies like Osel Devices Ltd. typically compete by offering cost-effective solutions, developing products tailored to local market needs, and leveraging robust distribution networks. Osel Devices Ltd. likely positions itself by focusing on specific product niches, providing affordable alternatives, and emphasizing local service and support to gain market share against both global giants and other Indian manufacturers.

MOAT

Given the general characteristics of a domestic medical device company in India, Osel Devices Ltd. could possess several potential competitive advantages:

Distribution Network: An established and extensive sales and distribution network across India can be a significant moat, particularly for reaching tier-2 and tier-3 cities.

Cost Efficiency: Ability to manufacture and supply products at a competitive price point, appealing to price-sensitive Indian healthcare providers.

Regulatory Experience: Familiarity and experience in navigating India's specific regulatory approval processes (e.g., CDSCO) for its product portfolio.

Local Adaptation: Understanding specific clinical practices, user preferences, and affordability constraints within the Indian healthcare system.

Switching Costs: For certain consumables or specialized equipment where healthcare providers have integrated Osel's products into their workflows or protocols, switching to an alternative might incur costs related to training, compatibility, or re-stocking.

The strength of these advantages without specific information is speculative.

Growth Drivers

Key factors that could drive growth for Osel Devices Ltd. over the next 3-5 years include:

Increasing Healthcare Expenditure: Both government and private spending on healthcare is growing in India, leading to higher demand for medical devices.

Expansion of Healthcare Infrastructure: Development of new hospitals, clinics, and diagnostic centers across urban and rural areas.

Rising Disease Burden: Increasing prevalence of chronic and lifestyle diseases necessitating diagnostic and therapeutic interventions.

Medical Tourism: Growth in India's medical tourism sector drives demand for advanced medical equipment and supplies.

"Make in India" Initiatives: Government support and incentives for local manufacturing can provide a competitive edge.

Technological Advancements: Adoption of newer, more efficient, and often affordable medical technologies.

Risks

Osel Devices Ltd. faces several business risks common to the medical equipment sector in India:

Intense Competition: From large MNCs with significant R&D budgets and global scale, as well as numerous domestic players, leading to pricing pressure.

Regulatory Changes: Evolving regulations by bodies like CDSCO, including changes in product approval processes, quality standards, or pricing controls (e.g., for essential medical devices).

Technological Obsolescence: Rapid advancements in medical technology can quickly render existing products outdated.

Supply Chain Disruptions: Reliance on imported raw materials or components exposes the company to global supply chain volatility and currency fluctuations.

Product Liability: Risks associated with product performance, safety, and potential recalls in a critical sector like healthcare.

Economic Downturns: Reduced healthcare spending by both government and private entities during economic slowdowns.

Management & Ownership

Specific details regarding the promoters, management quality, and ownership structure of Osel Devices Ltd. are not publicly available. It is common for Indian companies, particularly in this size range, to be promoter-driven, meaning the founders or their families hold significant stakes and active management roles. The quality of management, their strategic vision, execution capabilities, and adherence to corporate governance practices are crucial for sustainable growth.

Outlook

Osel Devices Ltd. operates in a sector with significant tailwinds, driven by India's growing healthcare needs and increasing expenditure. The company has the potential to capitalize on the "Make in India" initiative and the demand for cost-effective medical solutions. However, it faces intense competition from well-established multinational players and other domestic manufacturers, requiring continuous innovation, strong distribution, and efficient operations to maintain market position. Regulatory changes, pricing pressures, and the need to keep pace with technological advancements are ongoing challenges. Its future success will largely depend on its ability to effectively navigate these competitive and regulatory landscapes while leveraging the underlying growth in the Indian healthcare market.

Osel Devices Share Price

Live · NSE · Inception: 2006
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Osel Devices Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Osel Devices Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 57 65 82 132 186
Other Income 0 0 0 0 0
Total Income 58 66 82 133 187
Total Expenditure 55 61 73 110 153
Operating Profit 3 5 9 23 34
Interest 1 1 1 3 3
Depreciation 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 2 3 7 19 29
Provision for Tax 1 1 2 6 9
Profit After Tax 1 2 5 13 20
Adjustments 0 0 0 0 0
Profit After Adjustments 1 2 5 13 20
Adjusted Earnings Per Share 1.6 1.8 4 11 12.4

Osel Devices Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 5 8 12 25 108
Minority's Interest 0 0 0 0 0
Borrowings 3 2 1 8 2
Other Non-Current Liabilities 0 0 0 1 1
Total Current Liabilities 14 24 35 65 87
Total Liabilities 23 33 49 99 198
Fixed Assets 6 5 7 18 17
Other Non-Current Assets 0 0 0 1 1
Total Current Assets 17 28 43 80 180
Total Assets 23 33 49 99 198

Osel Devices Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 3 5 5 1 5
Cash Flow from Operating Activities -3 3 -11 13 -38
Cash Flow from Investing Activities 0 0 -2 -13 -0
Cash Flow from Financing Activities 5 -2 8 4 53
Net Cash Inflow / Outflow 2 1 -4 4 14
Closing Cash & Cash Equivalent 5 5 1 5 19

Osel Devices Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.61 1.84 4.04 10.99 12.43
CEPS(Rs) 2.22 2.33 4.54 11.82 13.11
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 5.93 6.61 10.65 21.96 66.93
Core EBITDA Margin(%) 4.85 6.7 10.55 17.01 17.92
EBIT Margin(%) 4.39 6.32 9.93 16.63 17.4
Pre Tax Margin(%) 3.51 4.58 8.51 14.03 15.53
PAT Margin (%) 2.37 3.25 5.69 9.59 10.75
Cash Profit Margin (%) 3.25 4.11 6.4 10.31 11.34
ROA(%) 6.03 7.63 11.35 17.18 13.53
ROE(%) 27.16 33.6 46.79 67.41 30.09
ROCE(%) 16.95 26.49 35.05 54.36 31.15
Receivable days 44.6 51.25 53.8 54.36 90.21
Inventory Days 25.11 39.79 63.35 60.11 64.76
Payable days 36.61 63.87 82.74 94.45 85.25
PER(x) 0 0 0 0 19.47
Price/Book(x) 0 0 0 0 3.62
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0.12 0.08 0.23 0.27 2.31
EV/Core EBITDA(x) 2.2 1.11 2.14 1.55 12.86
Net Sales Growth(%) 0 13.58 25.51 61.48 41.01
EBIT Growth(%) 0 63.59 97.22 170.58 47.52
PAT Growth(%) 0 56.1 119.49 172.19 58.09
EPS Growth(%) 0 14.16 119.49 172.19 13.09
Debt/Equity(x) 1.97 1.13 1.45 1 0.46
Current Ratio(x) 1.18 1.17 1.2 1.23 2.05
Quick Ratio(x) 0.9 0.74 0.69 0.84 1.59
Interest Cover(x) 5.02 3.63 7.01 6.38 9.32
Total Debt/Mcap(x) 0 0 0 0 0.13

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +41% +42% — —
Operating Profit CAGR +48% +89% — —
PAT CAGR +54% +115% — —
Share Price CAGR -38% — — —
ROE Average +30% +48% +41% +41%
ROCE Average +31% +40% +33% +33%

Osel Devices Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 64.84 %
FII 0.18 %
DII (MF + Insurance) 3.56 %
Public (retail) 31.42 %
# Sep 2024 Mar 2025 Sep 2025 Mar 2026 Jun 2026
Promoter 71.5371.5365.2165.2164.84
FII 4.131.830.590.150.18
DII 5.885.383.893.563.56
Public 18.4621.2630.3231.0931.42
Others 00000
Total 100100100100100

Osel Devices Peer Comparison

Medical Equipment/Supplies/Accessories Edit Columns

Osel Devices Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

Osel Devices Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 48%
  • Debtor days have improved from 94.45 to 85.25days.
  • Company has reduced debt.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
  • Stock is trading at 4 times its book value.
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