Laxmi Dental Ltd
Incorporated in 2004, Laxmi Dental is an integrated dental products company offering a comprehensive portfolio of Dental Products[1]
- Market Cap ₹ 1,058 Cr.
- Current Price ₹ 193
- High / Low ₹ 510 / 180
- Stock P/E 53.4
- Book Value ₹ 43.7
- Dividend Yield 0.00 %
- ROCE 17.3 %
- ROE 14.6 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 51.2% CAGR over last 5 years
Cons
- Stock is trading at 4.41 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 8.77% over past five years.
* 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.
Peer comparison
Healthcare Healthcare Healthcare Equipment & Supplies Medical Equipment & Supplies
Part of BSE Healthcare BSE Allcap
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 | |
|---|---|---|---|---|---|---|---|
| 112 | 63 | 113 | 126 | 139 | 171 | 196 | |
| 110 | 59 | 109 | 119 | 128 | 144 | 166 | |
| Operating Profit | 3 | 4 | 4 | 6 | 12 | 27 | 30 |
| OPM % | 3% | 7% | 3% | 5% | 8% | 16% | 15% |
| 1 | 0 | 4 | 8 | 14 | 19 | 7 | |
| Interest | 3 | 3 | 3 | 4 | 5 | 4 | 1 |
| Depreciation | 6 | 6 | 7 | 9 | 9 | 10 | 11 |
| Profit before tax | -5 | -4 | -2 | 1 | 12 | 32 | 25 |
| Tax % | 5% | 9% | 118% | 0% | -85% | 18% | |
| -5 | -4 | -4 | 1 | 23 | 26 | 17 | |
| EPS in Rs | -155.57 | -140.95 | -142.58 | 46.12 | 737.58 | 4.69 | 3.05 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 15% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 51% |
| 3 Years: | 86% |
| TTM: | -8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -43% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 21% |
| Last Year: | 15% |
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 | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 | 11 | 11 |
| Reserves | 44 | 40 | 36 | 28 | 51 | 212 | 229 |
| 36 | 36 | 41 | 42 | 53 | 5 | 5 | |
| 28 | 29 | 29 | 37 | 31 | 48 | 23 | |
| Total Liabilities | 109 | 105 | 106 | 108 | 136 | 276 | 268 |
| 38 | 41 | 32 | 35 | 33 | 40 | 40 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Investments | 16 | 16 | 17 | 14 | 14 | 17 | 69 |
| 54 | 48 | 57 | 59 | 89 | 219 | 158 | |
| Total Assets | 109 | 105 | 106 | 108 | 136 | 276 | 268 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 10 | 10 | -4 | 10 | 5 | 47 | |
| -15 | -9 | 3 | -6 | -6 | -49 | |
| 6 | -1 | 1 | -1 | -2 | 104 | |
| Net Cash Flow | 0 | 1 | -1 | 3 | -3 | 102 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 90 | 95 | 73 | 85 | 88 | 68 |
| Inventory Days | 189 | 377 | 195 | 162 | 196 | 132 |
| Days Payable | 184 | 310 | 147 | 151 | 82 | 196 |
| Cash Conversion Cycle | 95 | 162 | 120 | 95 | 201 | 4 |
| Working Capital Days | 21 | 9 | 27 | 20 | 71 | 72 |
| ROCE % | 0% | 1% | 6% | 19% | 17% |
Documents
Announcements
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
1d - Promoter Sameer Merchant acquired 15,000 shares (0.03%) on Feb 27, 2026 via open market.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Investor meetings at Investec India Promoter & Founder Conference in Mumbai on March 11, 2026 (physical).
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
26 Feb - NDR on March 5, 2026 (11:00 AM) in Pune by Elara Capital; 1x1/group investor meetings.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 24 Feb
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 24 Feb
Concalls
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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Feb 2025Transcript PPT
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Feb 2025TranscriptAI SummaryPPT
Leading Dental Company[1]
Laxmi Dental is India’s only end-to-end integrated dental products company, operating across the full dental value chain — dental laboratory services, clear aligners, aligner materials & machines, and paediatric dental products. It is the second-largest domestic dental lab player and the largest Indian export dental laboratory