Laxmi Dental Ltd

Laxmi Dental Ltd

₹ 249 20.00%
22 May - close price
About

Incorporated in 2004, Laxmi Dental is an integrated dental products company offering a comprehensive portfolio of Dental Products[1]

Key Points

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

  • Market Cap 1,370 Cr.
  • Current Price 249
  • High / Low 510 / 156
  • Stock P/E 41.0
  • Book Value 44.3
  • Dividend Yield 0.00 %
  • ROCE 14.9 %
  • 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 77.3 days to 195 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
48 55 60 57 62 61 66 72 66 74
44 43 46 48 52 51 54 61 59 60
Operating Profit 4 12 14 9 10 10 12 11 7 14
OPM % 8% 21% 23% 15% 16% 16% 18% 15% 11% 18%
-0 -0 6 1 1 2 2 2 -4 2
Interest 1 1 1 1 2 1 0 0 0 0
Depreciation 3 3 3 3 4 4 4 4 4 4
Profit before tax -1 7 16 5 5 6 10 9 -1 11
Tax % -140% 16% 11% 23% 23% 41% 24% 20% -175% 4%
2 8 17 6 5 4 8 9 2 10
EPS in Rs 74.05 243.91 6.04 2.12 0.93 0.78 1.53 1.55 0.36 1.83
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
150 92 137 162 194 239 278
146 88 130 152 169 196 234
Operating Profit 3 4 7 9 24 43 43
OPM % 2% 5% 5% 6% 13% 18% 16%
2 0 -10 2 0 10 3
Interest 3 3 4 4 6 6 1
Depreciation 7 6 8 11 12 15 16
Profit before tax -4 -4 -16 -5 7 31 29
Tax % 5% 8% 15% 4% -136% 21% 9%
-5 -5 -19 -4 25 32 29
EPS in Rs -154.92 -156.22 -596.62 -128.94 804.81 5.78 5.27
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 25%
3 Years: 20%
TTM: 16%
Compounded Profit Growth
10 Years: %
5 Years: 103%
3 Years: 124%
TTM: 28%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -37%
Return on Equity
10 Years: %
5 Years: 18%
3 Years: 23%
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
Equity Capital 0.31 0.31 0.31 0.31 0.31 11 11
Reserves 37 33 9 6 31 198 232
37 39 50 50 61 20 13
31 34 43 40 46 60 38
Total Liabilities 106 106 103 97 139 288 294
39 42 40 40 46 51 63
CWIP 0 7 0 0 0 0 0
Investments 0 0 0 0 6 10 27
66 56 63 56 87 227 204
Total Assets 106 106 103 97 139 288 294

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 -80
6 -0 -4 -1 -3 111 -18
Net Cash Flow 0 0 -3 3 -5 125 -102
Free Cash Flow -5 0 -0 5 -5 28 -23
CFO/OP 357% 226% -30% 157% 38% 109% 4%

Ratios

Consolidated Figures in Rs. Crores / 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 97
Days Payable 197 273 245 197 585 47
Cash Conversion Cycle 54 96 81 61 47 -132 109
Working Capital Days 13 3 -3 -13 0 37 195
ROCE % 3% -1% 1% 18% 19% 15%

Insights

In beta
Mar 2022 Mar 2023 Mar 2024 Mar 2025
Digital Units Penetration - Domestic Lab
%

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Digital Units Penetration - International Lab
%
Domestic Lab Metal-Free Revenue Share
%
Aligner Solutions Total Cases
Cases
Dental Network Size
Number (Dentists/Clinics)
Domestic Lab Units Sold
Units
Employee Strength
Count
International Lab Units Sold
Units
Pediatric (Kids-E-Dental) Units Sold
Units
Intraoral Scanners Deployed
Units

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

8 Recently
Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
41.70% 41.70% 41.70% 41.70% 41.77%
34.24% 33.59% 32.39% 32.45% 31.20%
12.86% 14.30% 11.85% 10.82% 10.52%
11.19% 10.39% 14.05% 15.01% 16.50%
No. of Shareholders 29,48227,95737,90938,63538,161

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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