Laxmi Dental Ltd.

198.14-0.02%

2026-08-21

laxmidentallimited.comBSE: 544339NSE: LAXMIDENTL
Market Cap₹ 1,076 Cr.
Current Price₹ 198
High / Low₹ 377 / 156
Stock P/E34.9
Book Value₹ 46
Price to Book11.83
Dividend Yield0.00 %
ROCE25.0 %
ROE21.4 %
Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Laboratory Business: 62.2% • Aligners Business: 31.9% • Other Business: 5.9%

PROS

  • Company is almost debt free
  • Company has a good return on equity (ROE) track record: 3 Years ROE 20.4%
  • Operating margins have improved to 17.8% from 5.4%
  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.72x)
  • Company generates healthy free cash flow
  • Company comfortably covers its interest (6.2x coverage)

CONS

  • Receivables are growing faster than sales - a possible quality concern
  • Working capital days have increased from -3 to 199 days
  • Stock is trading at 11.8x its book value
  • Recurring exceptional / one-off items are inflating headline profit
  • Rich enterprise valuation - EV/EBITDA of 50.9x

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.LENSKART639.30169.67111193.840.002284.303634.3527141.801332.6912.5521.70
2.POLYMED1771.6056.9917957.200.2085.27-8.39525.3830.3014.0524.11
3.MOLBIO1040.3571.9711988.990.0019.79
4.LAXMIDENTL195.6534.851076.500.0010.3223.8374.7016.1324.9620.26
5.3BBLACKBIO1145.5517.71983.190.448.98-28.9933.4950.5926.0325.45
6.GKB63.959.9432.230.001.85387.9933.042.268.827.97
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2023
47
44
Operating Profit
OPM %
Other Income
0
Interest
1
Depreciation
3
-0
Tax %
313.33%
Net Profit
0
1
Equity Capital
0
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
0
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
55
43
Operating Profit
OPM %
Other Income
0
Interest
1
Depreciation
3
7
Tax %
14.90%
Net Profit
0
2
Equity Capital
0
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
0
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
59
46
Operating Profit
OPM %
Other Income
0
Interest
1
Depreciation
3
16
Tax %
10.91%
Net Profit
0
3
Equity Capital
6
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
6
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
57
48
Operating Profit
OPM %
Other Income
1
Interest
1
Depreciation
3
5
Tax %
23.36%
Net Profit
0
1
Equity Capital
6
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
6
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
60
52
Operating Profit
OPM %
Other Income
1
Interest
2
Depreciation
4
5
Tax %
22.72%
Net Profit
5
1
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
60
51
Operating Profit
OPM %
Other Income
2
Interest
1
Depreciation
4
6
Tax %
41.26%
Net Profit
4
1
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
64
54
Operating Profit
OPM %
Other Income
2
Interest
0
Depreciation
4
10
Tax %
23.85%
Net Profit
8
2
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
71
61
Operating Profit
OPM %
Other Income
2
Interest
0
Depreciation
4
9
Tax %
19.85%
Net Profit
9
2
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
64
59
Operating Profit
OPM %
Other Income
2
Interest
0
Depreciation
4
-1
Tax %
175.61%
Net Profit
20
0
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
72
60
Operating Profit
OPM %
Other Income
2
Interest
0
Depreciation
4
11
Tax %
4.49%
Net Profit
10
2
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
75
65
Operating Profit
OPM %
Other Income
2
Interest
0
Depreciation
4
13
Tax %
19.47%
Net Profit
10
0
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
137
131
Operating Profit
7
OPM %
5
Other Income
1
Interest
4
Depreciation
8
-15
Tax %
-16
Net Profit
-17
EPS
-4
Dividend Payout %
0
Minority Interest
0
Share of Associates
-0
Adjusted EPS
-7
Minority Interest
0
Share of Associates
-0
Adjusted EPS
-7
Mar 2023
162
152
Operating Profit
12
OPM %
7
Other Income
2
Interest
5
Depreciation
11
-4
Tax %
-4
Net Profit
-4
EPS
-1
Dividend Payout %
0
Minority Interest
0
Share of Associates
1
Adjusted EPS
-1
Minority Interest
0
Share of Associates
1
Adjusted EPS
-1
Mar 2024
194
169
Operating Profit
26
OPM %
13
Other Income
2
Interest
6
Depreciation
12
9
Tax %
-110
Net Profit
18
EPS
804
Dividend Payout %
0
Minority Interest
-0
Share of Associates
9
Adjusted EPS
9
Minority Interest
-0
Share of Associates
9
Adjusted EPS
9
Mar 2025
239
196
Operating Profit
46
OPM %
19
Other Income
3
Interest
6
Depreciation
15
32
Tax %
20
Net Profit
25
EPS
6
Dividend Payout %
0
Minority Interest
-0
Share of Associates
7
Adjusted EPS
6
Minority Interest
-0
Share of Associates
7
Adjusted EPS
6
TTM
282
246
Operating Profit
OPM %
Other Income
9
Interest
1
Depreciation
17
32
Tax %
8
Net Profit
29
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
2
Adjusted EPS
Minority Interest
0
Share of Associates
2
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
3 Years:
20%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
3 Years:

STOCK PRICE CAGR

10 Years:
5 Years:
3 Years:
1 Year:
-43%

RETURN ON EQUITY

10 Years:
5 Years:
3 Years:
20%
Last Year:
21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

No bonus data found

Mar 2022
0
9
19
Trade Payables
27
48
Total Liabilities
103
39
0
30
0
Cash & Bank
1
33
Total Assets
103
Total Debt
30
Net Working Capital
0
Contingent Liabilities
0
Book Value per Share
306.53
Face Value
10.00
Total Debt
30
Net Working Capital
0
Contingent Liabilities
0
Book Value per Share
306.53
Face Value
10.00
Mar 2023
0
6
20
Trade Payables
23
48
Total Liabilities
97
39
1
24
0
Cash & Bank
2
31
Total Assets
97
Total Debt
31
Net Working Capital
-5
Contingent Liabilities
0
Book Value per Share
200.26
Face Value
10.00
Total Debt
31
Net Working Capital
-5
Contingent Liabilities
0
Book Value per Share
200.26
Face Value
10.00
Mar 2024
0
31
24
Trade Payables
16
53
Total Liabilities
123
45
6
25
25
Cash & Bank
1
22
Total Assets
123
Total Debt
42
Net Working Capital
-1
Contingent Liabilities
1
Book Value per Share
1001.33
Face Value
10.00
Total Debt
42
Net Working Capital
-1
Contingent Liabilities
1
Book Value per Share
1001.33
Face Value
10.00
Mar 2025
11
195
0
Trade Payables
32
40
Total Liabilities
278
51
10
19
37
Cash & Bank
109
53
Total Assets
278
Total Debt
11
Net Working Capital
130
Contingent Liabilities
0
Book Value per Share
37.54
Face Value
2.00
Total Debt
11
Net Working Capital
130
Contingent Liabilities
0
Book Value per Share
37.54
Face Value
2.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
-2
Cash from Investing
3
Cash from Financing
-4
-3
Free Cash Flow
-2
OCF / Net Profit
0.12
Cumulative 5-Year FCF
0
OCF / Net Profit
0.12
Cumulative 5-Year FCF
0
Mar 2023
15
Cash from Investing
-9
Cash from Financing
-2
4
Free Cash Flow
9
OCF / Net Profit
-3.35
Cumulative 5-Year FCF
0
OCF / Net Profit
-3.35
Cumulative 5-Year FCF
0
Mar 2024
8
Cash from Investing
-11
Cash from Financing
-3
-5
Free Cash Flow
-10
OCF / Net Profit
0.45
Cumulative 5-Year FCF
0
OCF / Net Profit
0.45
Cumulative 5-Year FCF
0
Mar 2025
44
Cash from Investing
-29
Cash from Financing
111
125
Free Cash Flow
26
OCF / Net Profit
1.73
Cumulative 5-Year FCF
0
OCF / Net Profit
1.73
Cumulative 5-Year FCF
0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
EPS (₹)
-596.27
Book Value (₹)
306.53
Dividend per Share (₹)
0.00
Cash EPS (₹)
-3.13
Operating Margin %
5.39%
Net Margin %
-12.48%
ROE %
-180.94%
ROCE %
-20.54%
-16.65%
Debtor Days
54
Inventory Days
79
Payable Days
245
-112
Debt to Equity (x)
1.41x
Interest Coverage (x)
-2.42x
1.01x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
-128.99
Book Value (₹)
200.26
Dividend per Share (₹)
0.00
Cash EPS (₹)
2.36
Operating Margin %
7.48%
Net Margin %
-2.75%
ROE %
-57.01%
ROCE %
1.50%
-4.46%
Debtor Days
46
Inventory Days
61
Payable Days
215
-108
Debt to Equity (x)
1.77x
Interest Coverage (x)
0.15x
0.92x
Revenue Growth %
18.11%
Operating Profit Growth %
64.05%
Net Profit Growth %
73.96%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
804.48
Book Value (₹)
1001.33
Dividend per Share (₹)
0.00
Cash EPS (₹)
10.78
Operating Margin %
12.60%
Net Margin %
9.27%
ROE %
96.95%
ROCE %
21.04%
16.30%
Debtor Days
43
Inventory Days
46
Payable Days
144
-55
Debt to Equity (x)
0.99x
Interest Coverage (x)
2.54x
0.98x
Revenue Growth %
19.75%
Operating Profit Growth %
115.76%
Net Profit Growth %
503.26%
723.66%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
2.03x
Mar 2025
EPS (₹)
5.78
Book Value (₹)
37.54
Dividend per Share (₹)
0.00
Cash EPS (₹)
7.35
Operating Margin %
17.84%
Net Margin %
10.61%
ROE %
21.40%
ROCE %
24.96%
12.64%
Debtor Days
47
Inventory Days
33
Payable Days
153
-73
Debt to Equity (x)
0.06x
Interest Coverage (x)
6.16x
3.30x
Revenue Growth %
23.53%
Operating Profit Growth %
76.27%
Net Profit Growth %
41.44%
-99.28%
P/E (x)
76.82x
P/B (x)
11.83x
Dividend Yield %
0.00%
50.94x

Shareholding Pattern

Numbers in percentages

TRADES
Mar 2025
41.70
34.24
12.86
Government
0.00
11.19
Jun 2025
41.70
33.59
14.30
Government
0.00
10.40
Sep 2025
41.70
32.39
11.85
Government
0.00
14.06
Dec 2025
41.70
32.45
10.82
Government
0.00
15.02
Mar 2026
41.77
31.20
10.52
Government
0.00
16.50
Jun 2026
41.80
30.10
10.89
Government
0.00
17.21

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