Laxmi Dental Ltd
Incorporated in 2004, Laxmi Dental is an integrated dental products company offering a comprehensive portfolio of Dental Products[1]
- Market Cap ₹ 1,016 Cr.
- Current Price ₹ 185
- High / Low ₹ 345 / 156
- Stock P/E 48.4
- Book Value ₹ 45.0
- Dividend Yield 0.00 %
- ROCE 12.4 %
- ROE 9.97 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 60.2% CAGR over last 5 years
- Debtor days have improved from 69.9 to 54.2 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 110 days to 188 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.
Peer comparison
Healthcare Healthcare Healthcare Equipment & Supplies Medical Equipment & Supplies
Part of BSE Healthcare
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 112 | 63 | 113 | 126 | 139 | 171 | 209 | 214 | |
| 110 | 59 | 109 | 119 | 128 | 144 | 178 | 185 | |
| Operating Profit | 3 | 4 | 4 | 6 | 12 | 27 | 31 | 29 |
| OPM % | 2.6% | 7% | 3.1% | 5% | 8% | 16% | 15% | 14% |
| 1 | 0 | 4 | 8 | 14 | 19 | 6 | 6 | |
| Interest | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 1 |
| Depreciation | 6 | 6 | 7 | 9 | 9 | 10 | 12 | 12 |
| Profit before tax | -5 | -4 | -2 | 1 | 12 | 32 | 24 | 22 |
| Tax % | 5% | 9% | 118% | 0% | -85% | 18% | 19% | |
| -5 | -4 | -4 | 1 | 23 | 26 | 19 | 18 | |
| EPS in Rs | -1.77 | -1.61 | -1.63 | 0.53 | 8.41 | 4.69 | 3.52 | 3.22 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 18% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 60% |
| 3 Years: | 247% |
| TTM: | 11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -41% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 15% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 | 11 | 11 |
| Reserves | 44 | 40 | 36 | 28 | 51 | 212 | 236 |
| 36 | 36 | 41 | 42 | 53 | 5 | 11 | |
| 28 | 29 | 29 | 37 | 31 | 48 | 33 | |
| Total Liabilities | 109 | 105 | 106 | 108 | 136 | 276 | 291 |
| 38 | 41 | 32 | 35 | 33 | 40 | 54 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 16 | 16 | 17 | 14 | 14 | 17 | 79 |
| 54 | 48 | 57 | 59 | 89 | 219 | 159 | |
| Total Assets | 109 | 105 | 106 | 108 | 136 | 276 | 291 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 10 | 10 | -4 | 10 | 5 | 47 | -35 | |
| -15 | -9 | 3 | -6 | -6 | -49 | -46 | |
| 6 | -1 | 1 | -1 | -2 | 104 | -3 | |
| Net Cash Flow | 0 | 1 | -1 | 3 | -3 | 102 | -85 |
| Free Cash Flow | -7 | 1 | -2 | 3 | -2 | 34 | -52 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 340% | 247% | -84% | 156% | 45% | 180% | -96% |
Ratios
Standalone / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 90 | 95 | 73 | 85 | 88 | 68 | 54 |
| Inventory Days | 189 | 377 | 195 | 162 | 196 | 132 | 125 |
| Days Payable | 184 | 310 | 147 | 151 | 82 | 196 | 45 |
| Cash Conversion Cycle | 95 | 162 | 120 | 95 | 201 | 4 | 134 |
| Working Capital Days | 21 | 9 | 27 | 20 | 71 | 72 | 188 |
| ROCE % | 0% | 1% | 6% | 19% | 17% | 12% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Aligner Cases Sold (Bizdent) cases |
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| Digital Units Penetration - Domestic Lab % of domestic lab units |
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| Digital Units Penetration - International Lab % of international lab units |
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| Domestic Lab Metal-Free Revenue Share % of domestic lab revenue |
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| Domestic Lab Units Sold units |
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| International Lab Units Sold units |
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| Paediatric Crowns Units Sold (Kids-e-Dental) units |
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| Intraoral Scanner Units Sold scanners |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Intimation of Schedule of Analyst/ Institutional Investor meetings under the SEBI (LODR), Regulations 2015 to be held on 15th October, 2026.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- ICRA monitoring report for quarter ended September 30, 2026 shows no material deviation in IPO proceeds use.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 SEBI (LODR), Regulations 2015 - Board Comments On The Fine Levied By The NSE And BSE
- Board approved joining Leelaben Foundation; paid Rs.11,800 fine for delayed Reg 29 compliance.
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Announcement under Regulation 30 (LODR)-Acquisition
- Board approved membership in Leelaben Foundation and noted ₹11,800 fine for delayed Reg 29 compliance on Oct. 8, 2026.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Submitted Regulation 74(5) certificate for dematerialisation requests for quarter ended September 30, 2026.
Concalls
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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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 2025PPT
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