Stocks - Q : Quality | V : Valuation | PT : Price Trend
Funds - P : Performance | Q : Quality
Funds - P : Performance | Q : Quality
BSE: 544339 | NSE: LAXMIDENTL | Medical Equipment/Supplies/Accessories |
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Laxmi Dental Ltd is a below average quality company.
The key valuation ratios of Laxmi Dental Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Laxmi Dental Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|
| ROCE % ⓘ | 1.2% | 6.3% | 9.1% | - |
| Value Creation Index ⓘ | -0.9 | -0.6 | -0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||
| Sales ⓘ | 113 | 126 | 139 | 139 |
| Sales YoY Gr. | - | 11.5% | 10.8% | - |
| Adj EPS ⓘ | -1.7 | -0.1 | 4.8 | 2.5 |
| YoY Gr. | - | NA | NA | - |
| BVPS (₹) ⓘ | 13 | 10.3 | 18.6 | 138.4 |
| Adj Net Profit ⓘ | -4.8 | -0.2 | 13.2 | 14 |
| Cash Flow from Ops. ⓘ | -4.4 | 9.9 | 5.1 | - |
| Debt/CF from Ops. ⓘ | -6.5 | 3.1 | 7.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 10.8% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | NA | NA | NA | 81.1% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|
| Return on Equity % ⓘ | -10.1 | -0.3 | 25.5 | 3.2 |
| Op. Profit Mgn % ⓘ | 3.1 | 4.9 | 8.3 | 8.7 |
| Net Profit Mgn % ⓘ | -4.3 | -0.1 | 9.4 | 9.8 |
| Debt to Equity ⓘ | 0.6 | 0.8 | 0.6 | - |
| Working Cap Days ⓘ | 0 | 165 | 172 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 79 | 94 | 0 |
Debt to equity has declined versus last 3 years average to 0.60
Sales growth is good in last 4 quarters at 11.97%
Return on Equity has declined versus last 3 years average to 3.20%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.5 | 4.5 |
| TTM Sales (₹ Cr.) | 139 | 194 |
| BVPS (₹.) ⓘ | 138.4 | 134.9 |
| Reserves (₹ Cr.) ⓘ | 750 | 730 |
| P/BV ⓘ | 2.98 | 3.05 |
| PE ⓘ | 165.94 | 91.37 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 307.55 / 583.70 |
| All Time Low / High (₹) | 307.55 / 583.70 |
| Market Cap (₹ Cr.) | 2,264 |
| Equity (₹ Cr.) | 11 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 72.9 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|
| Sales | 113 | 126 | 139 |
| Operating Expenses ⓘ | 109 | 120 | 128 |
| Manufacturing Costs | 3 | 3 | 4 |
| Material Costs | 43 | 44 | 50 |
| Employee Cost | 41 | 50 | 52 |
| Other Costs ⓘ | 22 | 23 | 22 |
| Operating Profit ⓘ | 4 | 6 | 12 |
| Operating Profit Margin (%) | 3.1% | 4.6% | 8.3% |
| Other Income ⓘ | 4 | 8 | 5 |
| Interest ⓘ | 3 | 4 | 5 |
| Depreciation ⓘ | 7 | 9 | 9 |
| Exceptional Items ⓘ | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -2 | 1 | 3 |
| Tax ⓘ | 2 | 0 | -10 |
| Profit After Tax | -4 | 1 | 14 |
| PAT Margin (%) | -3.9% | 0.4% | 9.8% |
| Adjusted EPS (₹) | -1.6 | 0.2 | 4.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 47 | 40 | 63 | |||||||
| Share Capital ⓘ | 12 | 12 | 12 | |||||||
| Reserves ⓘ | 36 | 28 | 51 | |||||||
| Minority Interest | 0 | 0 | 0 | |||||||
| Debt | 25 | 27 | 35 | |||||||
| Long Term Debt | 11 | 11 | 15 | |||||||
| Short Term Debt | 14 | 15 | 20 | |||||||
| Trade Payables | 17 | 18 | 11 | |||||||
| Others Liabilities ⓘ | 16 | 23 | 12 | |||||||
| Total Liabilities ⓘ | 106 | 108 | 121 | |||||||
Fixed Assets | ||||||||||
| Gross Block | 76 | 43 | 50 | |||||||
| Accumulated Depreciation | 44 | 9 | 18 | |||||||
| Net Fixed Assetsⓘ | 32 | 34 | 32 | |||||||
| CWIP ⓘ | 0 | 0 | 0 | |||||||
| Investmentsⓘ | 17 | 14 | 14 | |||||||
| Inventories | 23 | 20 | 23 | |||||||
| Trade Receivables | 22 | 29 | 34 | |||||||
| Cash Equivalents | 1 | 1 | 0 | |||||||
| Others Assetsⓘ | 11 | 10 | 18 | |||||||
| Total Assets ⓘ | 106 | 108 | 121 | |||||||
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -4 | 10 | 5 |
| PBT ⓘ | -2 | 1 | 3 |
| Adjustment ⓘ | 9 | 12 | 22 |
| Changes in Working Capital ⓘ | -10 | -3 | -20 |
| Tax Paid ⓘ | -1 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 3 | -6 | -6 |
| Capex | 2 | -7 | -7 |
| Net Investments | -1 | 0 | 0 |
| Others ⓘ | 1 | 1 | 0 |
| Cash Flow From Financing Activityⓘ | 1 | -1 | -2 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -1 | 0 | 4 |
| Interest Paid ⓘ | -2 | -4 | -4 |
| Dividend Paid ⓘ | 0 | 0 | 0 |
| Others ⓘ | 4 | 3 | -2 |
| Net Cash Flow ⓘ | -1 | 3 | -3 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -12.23 | 1.74 | 34.1 | |||||||
| ROCE (%) | 1.23 | 6.25 | 9.07 | |||||||
| Asset Turnover Ratio | 1.07 | 1.18 | 1.22 | |||||||
| PAT to CFO Conversion(x) | N/A | 10 | 0.36 | Working Capital Days | ||||||
| Receivable Days | 73 | 75 | 82 | |||||||
| Inventory Days | 75 | 62 | 55 | |||||||
| Payable Days | 147 | 148 | 108 | |||||||
Laxmi Dental Limited was incorporated as ‘Laxmi Dental Export Private Limited’ as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation dated July 8, 2004, issued by the Assistant Registrar of Companies, Maharashtra at Mumbai. Pursuant to a special resolution passed in the extra-ordinary general meeting of its Shareholders held on June 18, 2024, the name of the company was changed to ‘Laxmi Dental Private Limited’, and a fresh certificate of incorporation was issued to the Company by the RoC on July 24, 2024, and the company was converted into a public limited company. Consequently, the name of the company was further changed to ‘Laxmi Dental Limited’, and a fresh certificate of incorporation dated August 02, 2024, was issued by the RoC.
Laxmi Dental is an end-to-end integrated dental products company. Its offerings include custom-made crowns and bridges, branded dental products such as clear aligners, thermoforming sheets and aligner related products as a part of aligner solutions, and paediatric dental products. It is amongst the largest Indian dental laboratories. It is the largest and most profitable vertically integrated and indigenous B2B2C dental aligner solutions company.
Primary dental products offered by its laboratory include custom made dental prosthesis such as metal free crowns and bridges, including its range of branded premium zirconia crowns and bridges ‘Illusion Zirconia’, porcelain fused to metal (PFM) crowns, bridges, and dentures. It has a more focused approach towards capturing the Indian aligner market share and it launched clear aligners under its brand Illusion Aligners which is the first Indian brand to receive 510(k) clearance from USFDA in 2021 to market clear aligners. It offers a comprehensive range of paediatric products, including pre-formed branded paediatric crowns, Silver Diamide Fluoride (SDF), space maintainers, fissure sealant, reinforced splint and mineral trioxide aggregate. It has been granted a design registration on ‘Bioflx’, a semi-flexible tooth coloured pre-formed dental crown for children in India.
Business area of the company
The company and its subsidiaries (the Group), are manufacturer of dental products, with many years history of innovation and service to the dental industry and patients. The Group is primarily engaged in the business of Dental Laboratory Offerings, Aligners Solution, Dental Clinical Services and other related services in relation to dentistry.
Products of the company
Laboratory offerings
Aligner solutions
Paediatric dental products
Awards, accreditations, and recognition
History and milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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