Laxmi Dental (LAXMIDENTL) had a P/E of 34.8× on 6 Nov 2026, above the industry P/E of 28.6×, and the shares are 43% below their 52-week high. It earns ROCE of 11% and ROE of 13%, and sales grew 20% a year over 3 years. The company has almost no debt. It is a small-cap company with a market cap of ₹1,081 Cr, ranked 5th of 11 Medical Instruments & Supplies companies by market cap; the shares fell 38% over the past year.
- ₹194.00
- ₹198.01
- ₹188.00
- ₹196.51
- 1.6 L
Health check
- ReturnsBehind
−37.9% over a year, better than 1 of 7 peers.
- Price tagPricier
P/E 34.8 vs industry 28.6.
- GrowthStrong
Sales +19.5% a year over 3 years.
- ProfitabilityAverage
ROCE 11.5% vs peer median 13.3%.
- Balance sheetFair
Debt 0.05× equity, interest covered 23.1×, Piotroski 4 of 9.
- Red flags1 to check
43% below its 52-week high.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,081 Cr
- Small cap
- P/E
- 34.8
- Industry 28.6
- Price to book
- 4.44
- Peers 5.26
- Dividend yield
- 0.00%
- ROE
- 12.8%
- Peers 10.5%
- ROCE
- 11.5%
- Peers 13.3%
- Debt to equity
- 0.05
- Debt ₹13 Cr
- EPS (TTM)
- ₹5.64
- Face value ₹2
- OPM (TTM)
- 15.0%
- Net margin 10.8%
- Sales growth
- +13.5%
- Latest quarter vs a year ago
- Profit growth
- +22.8%
- Latest quarter vs a year ago
- Price to sales
- 3.77
- EV/EBITDA 21.2
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 22.8% on a year ago.
Risks to check
- 43% below its 52-week high.
About Laxmi Dental
Laxmi Dental Limited manufactures and sells dental products in India, the United States, the United Kingdom, and internationally. The company provides custom-made crowns, bridges, clear aligners, thermoforming sheets, aligner related products, and pediatric dental products. It serves dental clinics, dental companies, and dentist. The company was incorporated in 2004 and is based in Mumbai, India.
- Headquarters
- Mumbai
- Employees
- 2,513
- Sector
- Healthcare
- ISIN
- INE0WO601020
- Website
- laxmidentallimited.com
Price range
- Avg volume (3M)
- 95.8K
- 1-year return
- minus 37.9%
- From 52-week high
- minus 43.0%
Peers · Medical Instruments & Supplies
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LENSKARTLenskart Solutions | 724.75 | plus 0.89% | 1,25,562 | 160.7 | 13.48 | 7.2% | 6.7% | 20.8% | – | – | 0.00% | plus 79.8% |
| AGARWALEYEDr. Agarwal's Health Care | 516.35 | plus 0.91% | 16,373 | 94.1 | 7.66 | 9.7% | 6.8% | 15.0% | 26.9% | 12.3% | 0.00% | minus 0.7% |
| POLYMEDPoly Medicure | 1,612.30 | plus 0.63% | 16,343 | 51.4 | 5.26 | 13.3% | 11.0% | 15.2% | 18.8% | 21.6% | 0.22% | minus 18.1% |
| TARSONSTarsons Products | 316.95 | minus 0.46% | 1,686 | 151.7 | 2.64 | 4.8% | 2.3% | −0.9% | 14.3% | −43.8% | 0.00% | plus 10.9% |
| LAXMIDENTLLaxmi Dental | 196.42 | minus 0.05% | 1,081 | 34.8 | 4.44 | 11.5% | 12.8% | 16.4% | 19.5% | – | 0.00% | minus 37.9% |
| PREVESTPrevest Denpro | 397.85 | minus 3.85% | 478 | 22.0 | 3.83 | 21.9% | 17.8% | 34.8% | 12.4% | 9.3% | 0.25% | minus 21.2% |
| QMSMEDIQMS Medical Allied Services | 168.66 | minus 0.69% | 326 | 28.6 | 5.68 | 18.4% | 10.5% | 12.0% | 18.4% | 16.7% | 0.30% | plus 75.0% |
| SHREEPACShree Pacetronix | 170.00 | plus 0.32% | 64 | 19.5 | 3.41 | 25.0% | 19.7% | 24.8% | 2.2% | −1.2% | 0.00% | minus 38.5% |
| Median of 7 peers | – | 0.32% | 1,686 | 51.4 | 5.26 | 13.3% | 10.5% | 15.2% | 16.4% | 10.8% | 0.00% | −0.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 64.3 | 71 | 64 | 72.2 | 73 | |
| 52.4 | 60 | 60.8 | 58.7 | 58.6 | |
| 11.9 | 11 | 3.3 | 13.5 | 14.4 | |
| 18.5% | 15.5% | 5.1% | 18.7% | 19.7% | |
| 1.7 | 2.4 | 5.8 | 2.4 | 2.3 | |
| 0.5 | 0.2 | 0.3 | 0.3 | 0.3 | |
| 3.6 | 3.7 | 4.2 | 4.4 | 4.3 | |
| – | – | −5.8 | – | – | |
| 9.6 | 9.4 | −1.2 | 11.1 | 12 | |
| 23.8% | 19.8% | 175.6% | 4.5% | 20.7% | |
| 8.4 | 8.5 | 2 | 10.1 | 10.3 | |
| 1.52 | 1.58 | 0.36 | 1.83 | 1.87 |
Profit & loss
- Sales CAGR 3Y
- +19.5%
- ROE
- 12.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 159 | 191 | 237 | 272 | |
| – | +20.5% | +23.6% | +14.8% | |
| 149 | 166 | 193 | 227 | |
| 9.9 | 25.4 | 43.3 | 44.4 | |
| 6.3% | 13.2% | 18.3% | 16.4% | |
| 1.3 | 0.5 | 2.1 | 7.6 | |
| 4.1 | 5 | 5.4 | 1.3 | |
| 11 | 11.9 | 15 | 15.9 | |
| −0.4 | −0.5 | 6.8 | −5.9 | |
| −4.3 | 8.5 | 31.8 | 28.9 | |
| −4.4% | −110.5% | 20.3% | 8.6% | |
| −4 | 24.8 | 31.8 | 29 | |
| – | – | +28.2% | minus 8.8% | |
| -0.72 | 4.51 | 6.05 | 5.26 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.9 | 11.9 | 11 | 11 | |
| −5.8 | 18.9 | 198 | 232 | |
| 38.7 | 49.8 | 19.5 | 13 | |
| 51.7 | 53.9 | 56.6 | 37.6 | |
| 96.5 | 135 | 285 | 294 | |
| 38.2 | 43.6 | 48.9 | 59.2 | |
| 1.3 | 1.3 | 24.3 | 12.1 | |
| 1.6 | 1 | 109 | 86.4 | |
| 55.5 | 88.6 | 102 | 136 | |
| 96.5 | 135 | 285 | 294 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 14.4 | 8.2 | 43.8 | −5 | |
| −9.4 | −10.8 | −29.2 | −79.6 | |
| −1.5 | −2.7 | 111 | −17.8 | |
| 3.6 | −5.3 | 125 | −102 | |
| −10 | −14.8 | −16.1 | −18.4 | |
| 4.5 | −6.6 | 27.8 | −23.4 |
Shareholding pattern
- Promoters41.75%
- Public58.25%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 41.75% | 58.25% | minus 0.05 | |
| 30 Jun 2026 | 41.80% | 58.20% | plus 0.03 | |
| 31 Mar 2026 | 41.77% | 58.23% | plus 0.07 | |
| 31 Dec 2025 | 41.70% | 58.30% | 0.00 | |
| 30 Sep 2025 | 41.70% | 58.30% | – |
Major shareholders
Filings & events
News
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