Osel Devices (NSE:OSELDEVICE) Operating Income: ₹521 Mil (TTM As of Mar. 2026)

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NSE:OSELDEVICE Osel Devices Ltd NSE:OSELDEVICE
48 GF Score
Price ₹393.70
! 6 Warning Signs
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What is Osel Devices Operating Income?

Osel Devices NSE:OSELDEVICE +0.45% 48 Operating Income is ₹521 Mil as of Mar. 2026. GuruFocus rates NSE:OSELDEVICE with a GF Score™ of 48/100. The stock has 6 warning signs investors should review.

Osel Devices's Operating Income for the six months ended in Mar. 2026 was ₹280 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹521 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Osel Devices's Operating Income for the six months ended in Mar. 2026 was ₹280 Mil. Osel Devices's Revenue for the six months ended in Mar. 2026 was ₹1,458 Mil. Therefore, Osel Devices's Operating Margin % for the quarter that ended in Mar. 2026 was 19.19%.

Good Sign:

Osel Devices Ltd operating margin is expanding. Margin expansion is usually a good sign.

Osel Devices's 5-Year average Growth Rate for Operating Margin % was 37.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Osel Devices's annualized ROC % for the quarter that ended in Mar. 2026 was 13.56%. Osel Devices's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 31.85%.


Osel Devices  (NSE:OSELDEVICE) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Osel Devices's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=559.674 * ( 1 - 41% )/( (2139.704 + 2729.167)/ 2 )
=330.20766/2434.4355
=13.56 %

where

Invested Capital(Q: Sep. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3226.436 - 358.35 - ( 728.382 - max(0, 1435.171 - 2686.749+728.382))
=2139.704

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3568.835 - 345.804 - ( 493.864 - max(0, 1442.821 - 2827.682+493.864))
=2729.167

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Osel Devices's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=597.294/( ( (222.332 + max(1509.223, 0)) + (279.611 + max(1739.35, 0)) )/ 2 )
=597.294/( ( 1731.555 + 2018.961 )/ 2 )
=597.294/1875.258
=31.85 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(960.167 + 576.543 + 421.646) - (358.35 + 0 + 90.783)
=1509.223

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1072.356 + 579.568 + 598.503) - (345.804 + 0 + 165.273)
=1739.35

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Osel Devices's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=279.837/1458.068
=19.19 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Osel Devices Operating Income Related Terms


Osel Devices Operating Income Historical Data

* Premium members only.

The historical data trend for Osel Devices's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Osel Devices Operating Income Chart

Osel Devices Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial 39.86 86.42 219.21 322.98 520.71

Osel Devices Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Operating Income Get a 7-Day Free Trial 0.00 129.40 193.59 240.88 279.84
NSE:OSELDEVICE
48GF Score
Osel Devices Ltd NSE:OSELDEVICE
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Osel Devices Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹521 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹521 Mil mean?
Osel Devices (NSE:OSELDEVICE) has a Operating Income of ₹521 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Osel Devices and its competitors.
Is Osel Devices' Operating Income too high?
Osel Devices' current Operating Income is ₹521 Mil. Overall, Osel Devices has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Osel Devices' Operating Income compare to ABT and SYK?
Osel Devices' Operating Income of ₹521 Mil can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Medical Devices & Instruments company?
A good Operating Income depends on the Medical Devices & Instruments industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Osel Devices and its competitors. Osel Devices's current Operating Income is ₹521 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Osel Devices stock overvalued right now?
Osel Devices (NSE:OSELDEVICE) has a current Operating Income of ₹521 Mil. The current Operating Income is ₹521 Mil. Osel Devices' overall GF Score™ is 48/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Osel Devices (NSE:OSELDEVICE), the current Operating Income is ₹521 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Osel Devices Business Description

Address Plot No. 3, Sector Knowledge Park- III, Signature Tower First Floor, Sector 34, Gautam Buddha Nagar, Greater Noida, UP, IND, 201308
Osel Devices Ltd is engaged in the manufacture, trade, retail, wholesale, import, export, warehousing, storage, distribution, assembly, repair, maintenance, integration, operation, testing, installation, and resale of hearing aids and LED display components, parts, and accessories. The company also carries out research and development activities related to all kinds of hearing aids, components, parts, and accessories. it offers variuos products including advanced hearing aids designed to improve auditory experience and LED solutions tailored to various industries, while also distributing Mobile products across India. it generates majority of revenue from hearing aids.
48GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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