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10 Yrs X-Ray 
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Laxmi Dental Ltd (LAXMIDENTL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544339 NSE: LAXMIDENTL Medical Equipment/Supplies/Accessories | Small Cap | Laxmi Dental Share Price
₹199.80 3.05 (1.55%)
As on 25-Sep'26 16:59
Laxmi Dental Ltd (LAXMIDENTL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544339 NSE: LAXMIDENTL Medical Equipment/Supplies/Accessories | Small Cap | Laxmi Dental Share Price
₹199.80 3.05 (1.55%)
As on 25-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹1,099 Cr.
Current Price
₹199.8
52-Week Low / High
₹156 / 345
TTM EPS
₹5.6
TTM Sales
₹280 Cr.
Book Value per Share
₹44.6
P/E Ratio
35.60
Lower than its 5-year historical median
Industry PE
127.6
Price to Book (P/B)
4.48
Lower than its 5-year historical median
Price to Sales (P/S)
3.92
Lower than its 5-year historical median
EV/EBITDA
19.83
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
11.95%
Underperforms industry median
Return on Capital Employed (ROCE)
13.29%
Underperforms industry median
Return on Assets (ROA)
9.31%
Operating Profit Margin
15.8%
Net Profit Margin
9.51%
Gross Profit Margin
18.2%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
21.79%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
2.91%
Net Profit Growth (1 Year)
-
4.14%
Asset Quality
Promoter Holding
41.80%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹234 Cr.
Equity
₹11 Cr.
Face Value
₹2
All Time Low / High
₹155.65 / 583.70
Check Before You Invest
Quality
Not GoodValuation
FairCheck Valuation charts
Price Trend
Semi Strong
Is Laxmi Dental Ltd a good quality company?
Laxmi Dental Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Laxmi Dental Ltd performance compare with that of its Peers?
Revenue growth of Laxmi Dental Ltd vs industry peers?
Laxmi Dental Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0.00%, indicating stable growth and maintaining its market share.
Promoter shareholding and pledge status of Laxmi Dental Ltd?
Promoters hold 41.80% of the Laxmi Dental Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Laxmi Dental Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -37.03% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Laxmi Dental Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 1.2% | 6.3% | 9.1% | 17.7% | 9.4% | - |
| Value Creation Index ⓘ | -0.9 | -0.6 | -0.4 | 0.3 | -0.3 | - |
Growth Parameters ⓘ |
||||||
| Sales ⓘ | 113 | 126 | 139 | 171 | 209 | 211 |
| Sales YoY Gr. | - | 11.5% | 10.8% | 22.9% | 21.8% | - |
| Adj EPS ⓘ | -1.7 | -0.1 | 4.8 | 2.3 | 3.4 | 2.7 |
| YoY Gr. | - | NA | NA | -51.8% | 48.9% | - |
| BVPS (₹) ⓘ | 13 | 10.3 | 18.6 | 40.1 | 43.6 | 44.5 |
| Adj Net Profit ⓘ | -4.8 | -0.2 | 13.2 | 12.6 | 18.8 | 15 |
| Cash Flow from Ops. ⓘ | -4.4 | 9.9 | 5.1 | 47.1 | -35.3 | - |
| Debt/CF from Ops. ⓘ | -6.5 | 3.1 | 7.5 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 18.4% | 21.8% | ||||
| Adj EPS ⓘ | NA | NA | NA | 48.9% | ||||
| BVPSⓘ | NA | NA | 61.9% | 8.7% | ||||
| Share Price | - | - | - | -37% | ||||
Key Financial Parameters ⓘ
| Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -10.1 | -0.3 | 25.5 | 8.8 | 8 | 6.1 |
| Op. Profit Mgn % ⓘ | 3.1 | 4.9 | 8.3 | 15.6 | 14.2 | 13.9 |
| Net Profit Mgn % ⓘ | -4.3 | -0.1 | 9.4 | 7.4 | 9 | 7.1 |
| Debt to Equity ⓘ | 0.6 | 0.8 | 0.6 | 0 | 0 | - |
| Working Cap Days ⓘ | 0 | 165 | 172 | 189 | 222 | 105 |
| Cash Conv. Cycle ⓘ | 0 | 79 | 94 | 58 | 48 | 86 |
Valuation of Laxmi Dental - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|
| Sales | 137 | 162 | 194 | 239 | 278 |
| Operating Expenses ⓘ + | 131 | 152 | 169 | 196 | 234 |
| Operating Profit ⓘ | 6 | 10 | 24 | 43 | 44 |
| Operating Profit Margin (%) | 4.5% | 6.1% | 12.6% | 17.8% | 15.8% |
| Other Income ⓘ + | 1 | 2 | 2 | 3 | 9 |
| Interest ⓘ | 4 | 5 | 6 | 6 | 2 |
| Depreciation ⓘ | 8 | 11 | 12 | 15 | 16 |
| Profit Before Tax ⓘ | -15 | -4 | 9 | 32 | 29 |
| Tax ⓘ | 2 | 0 | -9 | 6 | 2 |
| Profit After Tax | -17 | -4 | 18 | 25 | 26 |
| PAT Margin (%) | -12.5% | -2.8% | 9.3% | 10.6% | 9.5% |
| Adjusted EPS (₹) | -6.6 | -1.4 | 8.9 | 5.8 | 5.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 21 | 18 | 42 | 206 | 236 | ||||||
| Debt + | 26 | 27 | 39 | 11 | 0 | ||||||
| Minority Interest | 2 | 2 | 2 | 0 | 1 | ||||||
| Trade Payables | 27 | 23 | 16 | 32 | 11 | ||||||
| Others Liabilities ⓘ | 27 | 27 | 24 | 29 | 42 | ||||||
| Total Liabilities ⓘ | 103 | 97 | 123 | 278 | 290 | ||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 39 | 39 | 45 | 51 | 63 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | ||||||
| Investments ⓘ | 0 | 1 | 6 | 10 | 27 | ||||||
| Inventories | 30 | 24 | 25 | 19 | 22 | ||||||
| Trade Receivables | 20 | 20 | 25 | 37 | 46 | ||||||
| Cash Equivalents | 1 | 2 | 1 | 109 | 10 | ||||||
| Others Assets ⓘ | 12 | 11 | 22 | 52 | 123 | ||||||
| Total Assets ⓘ | 103 | 97 | 123 | 278 | 290 | ||||||
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -2 | 15 | 8 | 44 | -5 |
| Cash Flow From Investing Activity ⓘ + | 3 | -9 | -11 | -29 | -80 |
| Cash Flow From Financing Activity ⓘ + | -4 | -2 | -3 | 111 | -18 |
| Net Cash Flow ⓘ | -3 | 4 | -5 | 125 | -102 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -180.94 | -57.01 | 96.95 | 21.4 | 11.95 | |||||
| ROCE (%) | -20.54 | 1.5 | 21.04 | 24.96 | 13.29 | |||||
| Asset Turnover Ratio | 1.33 | 1.62 | 1.76 | 1.19 | 0.98 | |||||
| PAT to CFO Conversion(x) | N/A | N/A | 0.44 | 1.76 | -0.19 | |||||
| Working Capital Days | ||||||||||
| Receivable Days | 54.30 | 46.10 | 42.70 | 47 | 54 | |||||
| Inventory Days | 78.70 | 60.70 | 46.20 | 33.10 | 26.50 | |||||
| Payable Days | 245.20 | 214.60 | 144.20 | 152.60 | 94.90 | |||||
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Laxmi Dental Ltd FAQs
The current trading price of Laxmi Dental on 25-Sep-2026 16:59 is ₹199.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Sep-2026 the market cap of Laxmi Dental stood at ₹1,099.5 Cr
The latest P/E ratio of Laxmi Dental as of 24-Sep-2026 is 73.91.
The latest P/B ratio of Laxmi Dental as of 24-Sep-2026 is 4.49.
The 52-week high of Laxmi Dental is ₹344.6 and the 52-week low is ₹155.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Laxmi Dental is ₹211 ( Cr.) .
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 Fair 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.
About Laxmi Dental Ltd
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
- Illusion zirconia
- Illusion dental laboratory
- iScanPro
Aligner solutions
- Illusion aligners
- 3D Printing Resin
- Aligner material taglus
- Thermoforming machine
Paediatric dental products
- Bioflx crown
- e-SDF
Awards, accreditations, and recognition
- 2018: Received the Famdent Excellence in Dentistry Awards 2018 for its division, Illusion Dental Laboratory.
- 2019: Received the Famdent Excellence in Dentistry awards 2019 for revolutionising digital dentistry in India for its division, Illusion Dental Laboratory.
- 2021: Received ‘Famdent Excellence in Dentistry, Aligner of the year award 2021’ for its brand, Illusion Aligner.
- 2021: Featured in Forbes Magazine as ‘Iconic Vibrant Leaders’ in 2021 for inspiring vision of keeping the Indian dental fraternity growing for its Promoters, Rajesh Khakhar and Sameer Merchant.
- 2021: Company along with its division, Illusion Dental Laboratory is Featured in Dental Asia magazine in their July-August 2021 edition.
- 2021: Received ‘ICONS 2020-2021’ award by The Times Group and The Economic Times for extraordinary service and dedication in the field of dentistry.
- 2022: its Subsidiary, Bizdent Devices Private Limited -- Received a certificate of appreciation towards the success of the trade exhibition at the 50th Golden Jubliee Conference of the Indian Prosthodontic Society.
- 2022: Its Subsidiary, Bizdent Devices Private Limited -- Received a certificate of appreciation towards the success of the trade exhibition at the 25th IOS national PG Students Conventions.
- 2022: Its division, Illusion Dental Laboratory -- Received a certificate from the Indian Society of Digital Dentistry for successful contribution towards International Digital Dentistry and Implantology Conclave.
- 2022: Its brand, Illusion Aligners -- Received the Famdent Excellence, Innovative Aligner Company of The Year award 2022.
- 2023: Its division, Illusion Dental Laboratory and its brand, Illusion Aligners -- Received an award from Style Italiano in recognition of its contribution towards the success of the 1st India-Esthetic & Restorative Dentistry Conference.
- 2023: Its Subsidiary, Bizdent Devices Private Limited -- Received an award from the Indian Society of Digital Dentistry for their contribution in the success of the “Digital Dental Craftsman Convention”.
- 2024: Its Subsidiary, Bizdent Devices Private Limited -- Named in India Books of Records for creating the biggest aligner.
- 2024: Its division, Illusion Dental Laboratory -- Received “Famdent Excellence, India's First Branded Aligner & Zirconia Laboratory award 2024.
History and milestones
- 2004: Incorporation of the company on July 8, 2004, with a focus on exports dental business.
- 2004: The company received its first Export Oriented Unit certificate.
- 2004: The company received the US Food and Drug Administration (FDA) registration for approval for products manufactured by the company.
- 2011: The company moved to a bigger manufacturing facility at Kandivali Co-operative Industrial Estate Limited Mumbai spread across 5,700 square feet.
- 2012: The company incorporated its foreign Subsidiary, Laxmi Dental Lab USA, Inc.
- 2015: The company got its first ISO 13485:2016 certification to certify the quality management system of medical devices.
- 2016: Its division, Illusion Dental Laboratory, moved to an expanded manufacturing facility at Mira road, Mumbai having a built-up area of 18,325.4 square feet.
- 2019: Established its division Vedia Solutions on February 1, 2019, a product manufacturing company for producing taglus thermoforming sheets, 3D printing resins, thermoforming machines & aligner accessories.
- 2020: Expanded Laxmi Exports Laboratory facility to a larger scale with the vision of women empowerment in the rural area hiring tribal community females at Boisar Chillar Highway, Palghar having a built-up area of 45,950 square feet.
- 2021: Incorporated its Subsidiary, Bizdent Devices Private Limited to have a focused approach towards capturing Indian aligner market share.
- 2021: The company acquired 60% stake in Jointly Controlled Entity, Kids-E-Dental LLP for engaging in business of dental services and products in the paediatric division.
- 2021: The company has received the US FDA 510K clearance for aligners manufactured by its brand Illusion Aligners.
- 2021: Launched and actress as the brand ambassador for its brand Illusion Aligner.
- 2021: its division, Vedia Solution got its first ISO 13485:2016 certification to certify the quality management system of medical devices.
- 2022: Its division, Vedia Solutions received the US FDA registration for approval for products manufactured, repackaged and relabelled by the company.
- 2023: Launched an actress as the brand ambassador for Illusion Zirconia, a product of its division, Illusion Dental Laboratory.
- 2023: Its Subsidiary, Bizdent Devices Private Limited got its first ISO 13485:2016 certification to certify the quality management system of medical devices.
- 2023: Its Subsidiary, Bizdent Devices Private Limited received its Medical Devices Manufacturing License (MDR) license.
- 2023: The company received its MDR license.
- 2023: Its Jointly Controlled Entity, Kids-E-Dental LLP received its MDR license.
- 2023: Its division, Vedia Solutions received its MDR license.
- 2023: Its Jointly Controlled Entity, Kids-E-Dental LLP successfully got registered with US FDA.
- 2023: Its division, Vedia Solutions got its ISO 9001:2015 certification to certify the quality management system of medical devices.
- 2023: Its division, Vedia Solutions got its ISO 45001:2018 certification to certify the quality management system of medical devices.
- 2023: Its division, Vedia Solutions received a certificate of compliance for taglus thermoformable sheets & 3d printing resins.
- 2023: Its Jointly Controlled Entity, Kids-E-Dental LLP, obtained the US FDA 510(k) clearance for its e-SDF product.
- 2024: Its division, Illusion Dental Laboratory received its MDR license.
- 2024: More than 200 Intraoral Scanners were deployed by the company in Indian market to promote digital dentistry.
- 2024: Its division, Vedia Solutions received certificate of compliance for taglus thermoforming machines.
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