Vasa Denticity Ltd
Incorporated in 2016, Vasa Denticity Limited is in the business of marketing and distribution
of a comprehensive portfolio of Dental Products.[1]
- Market Cap ₹ 1,049 Cr.
- Current Price ₹ 605
- High / Low ₹ 840 / 533
- Stock P/E 64.8
- Book Value ₹ 98.6
- Dividend Yield 0.00 %
- ROCE 23.2 %
- ROE 17.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 186% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.8%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -0.37%
- Working capital days have increased from 91.4 days to 154 days
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 30 | 40 | 77 | 123 | 170 | 249 | 268 | |
| 30 | 40 | 71 | 113 | 151 | 226 | 247 | |
| Operating Profit | 0 | 0 | 6 | 10 | 19 | 23 | 21 |
| OPM % | 1% | 1% | 7% | 8% | 11% | 9% | 8% |
| 0 | 0 | 0 | 0 | 1 | 2 | 2 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 2 | 2 |
| Profit before tax | 0 | 0 | 5 | 10 | 19 | 23 | 22 |
| Tax % | 0% | 27% | 0% | 24% | 22% | 27% | |
| 0 | 0 | 5 | 8 | 15 | 17 | 16 | |
| EPS in Rs | 4.50 | 16.50 | 250.00 | 5.92 | 9.42 | 10.28 | 9.61 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 52% |
| 3 Years: | 48% |
| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 186% |
| 3 Years: | 51% |
| TTM: | -8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -4% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 26% |
| Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.20 | 0.20 | 0.20 | 13 | 16 | 17 | 17 |
| Reserves | 0 | 0 | 6 | 3 | 52 | 116 | 154 |
| 1 | 2 | 3 | 1 | 0 | 0 | 0 | |
| 4 | 4 | 10 | 11 | 17 | 17 | 19 | |
| Total Liabilities | 5 | 7 | 19 | 28 | 86 | 150 | 190 |
| 0 | 0 | 1 | 2 | 2 | 19 | 22 | |
| CWIP | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 12 | 44 | 52 |
| 4 | 6 | 18 | 26 | 70 | 86 | 116 | |
| Total Assets | 5 | 7 | 19 | 28 | 86 | 150 | 190 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 1 | -0 | 0 | 2 | -11 | -5 | |
| -0 | -1 | -0 | -1 | -22 | -42 | |
| -0 | 1 | 1 | -0 | 36 | 47 | |
| Net Cash Flow | 0 | -0 | 1 | 1 | 3 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 10 | 7 | 6 | 3 | 24 | 20 |
| Inventory Days | 34 | 30 | 63 | 70 | 99 | 112 |
| Days Payable | 44 | 30 | 32 | 28 | 33 | 23 |
| Cash Conversion Cycle | 0 | 6 | 37 | 45 | 90 | 109 |
| Working Capital Days | -5 | -8 | 19 | 36 | 84 | 154 |
| ROCE % | 29% | 95% | 80% | 45% | 23% |
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
18 November 2025 - Video of 17 Nov 2025 earnings conference call for Q2/H1 ended Sep 30, 2025 uploaded.
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Analysts/Institutional Investor Meet/Con. Call Updates
18 November 2025 - Nov 17, 2025 earnings call: inventory days 120–150, own brands ~50% sales, IDS Denmed acquisition awaiting NSE approval.
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Investor Presentation
13 November 2025 - Investor presentation: Q2 revenue ₹73.58 Cr; H1 revenue ₹135.05 Cr; unaudited results for period ending Sep 30, 2025.
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Analysts/Institutional Investor Meet/Con. Call Updates
13 November 2025 - Earnings call Nov 17, 2025 10:00 AM for Q2/H1 ended Sept 30, 2025
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Analysts/Institutional Investor Meet/Con. Call Updates
12 November 2025 - Earnings call Nov 17, 2025 for quarter and half year ended Sep 30, 2025 at 11:00 AM IST.
Annual reports
Concalls
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Nov 2025Transcript PPT
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Aug 2025TranscriptNotesPPT
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May 2025Transcript PPT
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Mar 2025TranscriptNotesPPT
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Nov 2024Transcript PPT
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May 2024Transcript PPT
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Nov 2023TranscriptPPT
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Nov 2023Transcript PPT
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Nov 2023TranscriptNotesPPT
Business Overview[1][2]
Vasa Denticity is a Dental Products e-commerce company with 20,000+ SKUs, 30 owned Brands, and 300+ Domestic and international Brand tie-ups. It specializes in Orthodontics, Endodontics, Oral Surgery, diagnosis, treatment, and aesthetics.[3]