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Laxmi Dental
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Laxmi Dental Limited was incorporated as Laxmi Dental Export Private Limited' dated July 8, 2004, issued by the Assistant Registrar of Companies, Maharashtra at Mumbai. In June, 2024, the Company name was changed to Laxmi Dental Private Limited', and a fresh Certificate of Incorporation was issued to Company by the RoC on July 24, 2024. Thereafter, it has converted into a Public Company as Laxmi Dental Limited', vide certified dated August 02, 2024, issued by the RoC.
The Company is a manufacturer of dental products including 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 manufacture dental products across six manufacturing facilities. Primary dental products offered by the laboratory include custom made dental prosthesis such as metal free crowns and bridges, including our range of branded premium zirconia crowns and bridges 'Illusion Zirconia', porcelain fused to metal (PFM) crowns, bridges, and dentures.
The Company is promoted by Rajesh Vrajlal Khakhar, who founded the Company as a dental laboratory business on July 8, 2004, and expanded its reach domestically and internationally. In 2011, the Company moved to a bigger manufacturing facility at Kandivali Co-operative Industrial Estate Limited in Mumbai. The foreign subsidiary, Laxmi Dental Lab USA, Inc was incorporated in 2012.
The Company got its first ISO 13485:2016 certification to certify the quality management system of medical devices in 2015. The Illusion Dental Laboratory Division moved to Mira Road, an expanded manufacturing plant in 2016. The Company established Vedia Solutions Division on February 1, 2019, a product manufacturing company for producing taglus thermoforming sheets, 3D printing resins, thermoforming machines & aligner accessories in 2019.
The Company in 2021, acquired 60% stake in Jointly Controlled Entity, Kids-E-Dental LLP for engaging in business of dental services and products in the paediatric division. The Vedia Solutions Division got its first ISO 13485:2016 certification to certify the quality management system of medical devices in 2021. It launched clear aligners under the brand 'Illusion Aligners' which is the first Indian brand to receive 510(k) clearance from US FDA in 2021.
The Company is planning an Initial Public Issue by raising funds from public through equity aggregating to Rs 150 Crore by fresh issue and by issuing 12,826,847 Equity Shares through offer for sale.
Laxmi Dental share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Laxmi Dental indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Laxmi Dental is valued compared to its competitors.
Laxmi Dental PE ratio helps investors understand what is the market value of each stock compared to Laxmi Dental 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Laxmi Dental evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Laxmi Dental generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Laxmi Dental in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Laxmi Dental shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Laxmi Dental compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Laxmi Dental over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Laxmi Dental helps investors get an insight into when they can enter or exit the stock. Key components of Laxmi Dental Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Laxmi Dental shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Laxmi Dental ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Laxmi Dental provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Laxmi Dental highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Laxmi Dental .
The balance sheet presents a snapshot of Laxmi Dental ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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