Laxmi Dental Ltd
Incorporated in 2004, Laxmi Dental is an integrated dental products company offering a comprehensive portfolio of Dental Products[1]
- Market Cap ₹ 1,081 Cr.
- Current Price ₹ 196
- High / Low ₹ 345 / 156
- Stock P/E 29.8
- Book Value ₹ 48.1
- Dividend Yield 0.00 %
- ROCE 15.0 %
- ROE 14.8 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 103% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Working capital days have increased from 72.9 days to 182 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 150 | 92 | 137 | 162 | 194 | 239 | 278 | 294 | |
| Sales growth | -38% | +48% | +18% | +20% | +24% | +16% | +13% | |
| 146 | 88 | 130 | 152 | 169 | 196 | 234 | 244 | |
| Operating Profit | 3 | 4 | 7 | 9 | 24 | 43 | 44 | 50 |
| OPM % | 2.3% | 4.6% | 4.8% | 6% | 13% | 18% | 16% | 17% |
| 2 | 0 | -10 | 2 | 0 | 10 | 3 | 3 | |
| Interest | 3 | 3 | 4 | 4 | 6 | 6 | 2 | 1 |
| Depreciation | 7 | 6 | 8 | 11 | 12 | 15 | 16 | 18 |
| Profit before tax | -4 | -4 | -16 | -5 | 7 | 31 | 29 | 34 |
| Tax % | 5% | 8% | 15% | 4% | -136% | 21% | 9% | |
| -5 | -5 | -19 | -4 | 25 | 32 | 29 | 32 | |
| EPS in Rs | -1.77 | -1.78 | -6.80 | -1.47 | 9.18 | 5.78 | 5.27 | 5.88 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 20% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 103% |
| 3 Years: | 124% |
| TTM: | 41% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -37% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 22% |
| Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 | 11 | 11 | 11 |
| Reserves | 37 | 33 | 9 | 6 | 31 | 198 | 232 | 254 |
| 37 | 39 | 50 | 50 | 61 | 20 | 13 | 15 | |
| 31 | 34 | 43 | 40 | 46 | 60 | 40 | 36 | |
| Total Liabilities | 106 | 106 | 103 | 97 | 139 | 288 | 297 | 316 |
| 39 | 42 | 40 | 40 | 46 | 51 | 63 | 74 | |
| CWIP | 0 | 7 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 6 | 10 | 27 | 35 |
| 66 | 56 | 63 | 56 | 87 | 227 | 207 | 207 | |
| Total Assets | 106 | 106 | 103 | 97 | 139 | 288 | 297 | 316 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 12 | 10 | -2 | 14 | 8 | 44 | -5 | |
| -18 | -9 | 3 | -10 | -11 | -29 | -78 | |
| 6 | -0 | -4 | -1 | -3 | 111 | -18 | |
| Net Cash Flow | 0 | 0 | -3 | 3 | -5 | 125 | -101 |
| Free Cash Flow | -5 | 0 | -0 | 5 | -5 | 28 | -23 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 357% | 226% | -30% | 157% | 38% | 109% | 4% |
Ratios
Consolidated / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 64 | 64 | 54 | 46 | 47 | 56 | 60 |
| Inventory Days | 186 | 305 | 272 | 212 | 397 | 156 | |
| Days Payable | 197 | 273 | 245 | 197 | 585 | 68 | |
| Cash Conversion Cycle | 54 | 96 | 81 | 61 | 47 | -132 | 147 |
| Working Capital Days | 13 | 3 | -3 | -13 | 0 | 37 | 182 |
| ROCE % | 3% | -1% | 1% | 18% | 19% | 15% |
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 ・Standalone data |
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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)-Newspaper Publication
- Extract of newspaper advertisements published on November 05, 2026, in the Financial Express (English Newspaper) and Mumbai Lakshdeep (Marathi Newspaper), with respect to Unaudited Standalone …
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Receipt Of EU Quality Management System Certificate Under Regulation (EU) 2017/745 On Medical Devices And ISO 13485:2016 Certificate By Kids-E-Dental LLP, A Jointly Controlled Entity Of The Company
- Kids-e-Dental LLP received EU MDR and ISO 13485 certificates on November 4, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of Q2FY27 and H1FY27 earnings conference call uploaded on company website.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Laxmi Dental reported Q2 FY27 revenue of ₹79.5 crore and PAT of ₹10.0 crore; H1 revenue ₹154.2 crore.
- Announcement under Regulation 30 (LODR)-Investor Presentation
Concalls
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Nov 2026PPT REC
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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