LAXMIDENTLHealthcare

Laxmi Dental Limited

Medical Equipment & Supplies · ISIN INE0WO601020 · BSE 544339 · NSE EQ · FV ₹2
Last price
₹198
+1.43%today
What this company does

Laxmi Dental Limited operates in Medical Equipment & Supplies, part of the Healthcare sector. It booked ₹75 cr of revenue in its latest quarter (Q1 FY27) and kept 13.8% of sales as profit. It is the 5th largest of 7 Medical Equipment & Supplies companies we track, by market value.

Laxmi Dental is a leading India’s only fully integrated dental name in the dental industry, products company recognized for its fully integrated and innovation-led approach to dental solutions.
In the report:
65out of 100
Equitytale Health Score
Solid

Healthier than 65% of companies in Healthcare, on the 5 of 6 measures we could read for it. Each measure is ranked against the 134–150 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
44

At close. Not part of the score.

Profitability & returns65

How much profit it earns on the money it employs

Balance sheet91

How much it owes, and whether earnings cover the interest

Cash quality8

Whether reported profit actually arrives as cash

Valuation66

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 14% vs last year
Profit up 23% vs last year
Promoters hold 42%
No promoter shares pledged
Strong 17% return on equity
Virtually debt-free
Watch-outs
! Operating cash flow is negative

What if I invest in LAXMIDENTL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹198 +1.43%
latest close · 2026-09-17
52-wk low ₹18942 sessions so far52-wk high ₹234
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio26.5Average
LowAverageHigh
P/B ratio4.48High
Below bookModerateHigh
EV / EBITDA16.2High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity16.9%Strong
WeakFairStrong ▸15%
Return on capital18.8%Strong
WeakFairStrong
Net margin13.8%Decent
ThinDecentStrong
EBITDA margin22.3%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover41.4×Strong
RiskyOkayStrong ▸5×
Current ratio6.21Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,089 cr
Book value
₹44
EPS
₹1.87
latest quarter
Net debt
₹-8 cr
more cash than debt
Enterprise value
₹1,081 cr
EBITDA
₹67 cr
annualised
EBIT
₹49 cr
annualised
Operating margin
16.5%
Return on assets
14.0%
Earnings yield
3.77%
P/S
3.65
Sales / share
₹54.4
Tax rate
20.7%
Face value
₹2
Shares
5.5 cr
Working capital
₹161 cr
Current assets
₹191 cr
Current liabilities
₹31 cr
Delivery %
52.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹38₹72, midpoint ₹42

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹75 cr
Other Income₹2 cr
Total Income₹77 cr
Cost of Materials₹9 cr
Purchases of Stock-in-Trade₹10 cr
Inventory Change (±)₹-3 cr
Employee Benefit Expense₹28 cr
Finance Costs₹29.8 L
Depreciation & Amortisation₹4 cr
Other Expenses₹16 cr
Total Expenses₹65 cr
Profit before Tax₹12 cr
Tax Expense₹2 cr
Share of JV / Associates₹76.8 L
Net Profit₹10 cr
Net margin on total income13.4%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹16 cr20.6%
Employee benefit expense₹28 cr36.5%
Finance costs₹29.8 L0.4%
Depreciation & amortisation₹4 cr5.6%
Other expenses₹16 cr20.5%
Tax expense₹2 cr3.2%
Profit for the period₹10 cr13.3%
Total income ₹77 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue66 cr74 cr75 cr
Total income68 cr76 cr77 cr
Expenses64 cr65 cr65 cr
Profit before tax-1 cr11 cr12 cr
Tax-2 cr50 L2 cr
Net profit (owners' share)2 cr10 cr10 cr
Net margin (owners' share, on revenue)3.0%13.6%13.8%
EPS (₹)0.371.831.87
YoY (latest quarter): total income +14.4% · net profit +22.8%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹294 cr
Shareholder equity
₹243 cr
parent shareholders
Total debt
₹0 cr
Cash
₹8 cr
Cash flow · H1 FY26
Operating
₹-20 cr
Investing
₹-65 cr
Financing
₹-15 cr
Peer comparison
Medical Equipment & Supplies · by market value
CompanyPriceMarket capP/E
Poly Medicure Limited₹1,713₹17,360 cr50.4
Molbio Diagnostics Limited₹1,285₹14,493 cr61.7
Fischer Medical Ventures Limited₹33₹2,180 cr138.8
Tarsons Products Limited₹308₹1,638 cr
Laxmi Dental Limitedthis company₹198₹1,089 cr26.5
Fabtech Technologies Limited₹147₹653 cr38.7
Nureca Limited₹332₹317 cr25.9
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
41.8%
FII / Foreign
30.1%
DII / Domestic
10.9%
Retail / others
17.2%
Promoter stake up 0.1% over the last 7 quarters.
Smart-money activity
Insider trades
BoughtSAMEER KAMLESH MERCHANT · Promoters17,179 · ₹27.4 L30 Mar 26
BoughtSAMEER KAMLESH MERCHANT · Promoters15,000 · ₹28.5 L27 Feb 26
BoughtRAJESH VRAJLAL KHAKHAR · Promoters11,000 · ₹21.2 L23 Feb 26
Bulk / block deals
BoughtNEO APEX SHARE BROKING SERVICES LLP · NSE3.42 L @ ₹247.6522 May 26
SoldNEO APEX SHARE BROKING SERVICES LLP · NSE3.42 L @ ₹249.2822 May 26
BoughtMANSI SHARE AND STOCK BROKING PRIVATE LIMITED · NSE2.78 L @ ₹248.9422 May 26
Stake changes
BoughtSameer Kamlesh Merchant · promoter→ 15.83% · 17,17930 Mar 26
BoughtSameer Kamlesh Merchant · promoter→ 15.82% · 17,17930 Mar 26
BoughtSameer Kamlesh Merchant · promoter→ 15.80% · 15,00027 Feb 26
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Sep 2025
See the official result
1
Adoption of the Audited Standalone Financial Statements of the Company for the financial year ended on March 31, 2025, including the Audited Balance Sheet as on that date, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date together with the Reports of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
2.68 cr votes for, 200 against · 0% of mutual funds and other big investors said no
2
Adoption of the Audited Consolidated Financial Statements of the Company for the financial year ended on March 31, 2025, including the Audited Balance Sheet as on that date, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date together with the Report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
2.68 cr votes for, 203 against · 0% of mutual funds and other big investors said no
3
Re-Appointment of Mr. Sameer Kamlesh Merchant (DIN: 00679893), Managing Director, as a director liable to retire by rotation and, being eligible, offers himself for re-appointment.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
2.68 cr votes for, 856 against · 0% of mutual funds and other big investors said no
4
Re-appointment of M/s. M. Jawadwala & Co, Practicing Company Secretaries as Secretarial Auditors of the Company for a period of up-to five (5) consecutive years and to fix the remuneration thereof.
Backed by 100% of shareholders other than promotersneeded 50%
2.68 cr votes for, 856 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 29 named members
owning 41.8% between them · as of 2026-06-30
Rajesh Vrajlal Khakhar16.95%
Sameer Kamlesh Merchant15.83%
Jigna Rajesh Khakhar7.84%
Kunal K Merchant0.92%
Dharmesh Bhupendra Dattani0.24%
Hasmukh Vrajlal Khakhar0.02%
ASY Properties LLPno shares
Bhavi Sameer Merchantno shares
Business done with them
FY2025 · 3 of the group
The company paid ₹3 cr to companies in the promoter group last year — about 1.1% of its ₹239 cr revenue and received ₹5 cr back from them.
RAJESH VRAJLAL KHAKHAR
Contribution received from them · salary, Rent paid
also owns 16.95% of the company
₹3 cr
company received
SAMEER KAMLESH MERCHANT
Contribution received from them · Salary
also owns 15.83% of the company
₹2 cr
company received
RAJESH VRAJLAL KHAKHAR
Other payments to them · salary, Rent paid
also owns 16.95% of the company
₹1 cr
company paid
SAMEER KAMLESH MERCHANT
Other payments to them · Salary
also owns 15.83% of the company
₹1 cr
company paid
JIGNA RAJESH KHAKHAR
Other payments to them · Salary
also owns 7.84% of the company
₹24 L
company paid

The company also transacted with 16 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹698 cr raised in Jan 2025 by selling shares to the public

As of Jun 2026, the company says it has spent 61% of what it set aside. ICRA LIMITED watches the spending on the exchange’s behalf.

Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by our Company
100%
of what was set aside
Investment in certain Subsidiaries for the repayment/prepayment, in full or in part, of certain outstanding borrowings.
100%
of what was set aside
Funding the capital expenditure requirements for purchase of new machinery for our Company.
36%
of what was set aside
Investment in our Subsidiary, Bizdent Devices Private Limited, for the capital expenditure requirements for the purchase of new machinery.
10%
of what was set aside
General corporate purposes.
100%
of what was set aside

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.