MarketFriction

Vasa Denticity Ltd

NSE DENTALKART · Medical Equipment & Supplies
₹459.00 -0.22%
NSE close2026-10-01
52 week range322.50 - 622.00
Market cap₹754 Cr.
P/E62.3
IPO 2023 · +259% since Price band 20% Delivery 45.1%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales40.7136.8057.0253.5459.3962.8372.8060.0272.7271.4772.4182.17
Expenses37.1433.3448.8848.9152.9957.3066.2856.8666.6569.6472.1977.09
Operating Profit3.573.468.144.636.405.536.523.166.071.830.225.08
OPM %8.77%9.40%14.28%8.65%10.78%8.80%8.96%5.26%8.35%2.56%0.30%6.18%
Other Income1.160.290.460.320.970.450.190.980.660.932.080.94
Interest0.020.010.010.000.000.000.000.000.000.100.020.01
Depreciation0.230.270.280.370.280.500.560.270.340.560.610.70
Profit before tax4.483.478.314.587.095.486.153.876.392.101.675.31
Tax %16.74%29.39%23.59%25.55%24.40%27.19%29.76%25.84%21.91%25.71%19.16%20.90%
Net Profit3.732.456.353.425.373.994.322.874.991.561.364.19
EPS in Rs2.331.533.962.143.352.402.601.732.880.900.782.42
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales304077123170241274299
Expenses304071113151218263286
Operating Profit0061019231113
OPM %0.8%1.2%7%8%11%10%4.2%4.4%
Other Income00001255
Interest00000000
Depreciation00011222
Profit before tax0051019231415
Tax %0%27%0%24%22%27%23%
Net Profit005815171112
EPS in Rs4.5016.50250.005.929.4210.286.226.98
Dividend Payout %0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%47%31%17%
Compounded Profit Growth%87%0%-27%
Stock Price CAGR%%1%-30%
Return on Equity%16%13%5%
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.200.200.2013161717
Reserves006352116157
Borrowings1231000
Other Liabilities441011171721
Total Liabilities57192886150196
Fixed Assets001221522
CWIP0000151
Investments0000124445
Other Assets4618267086128
Total Assets57192886150196
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1-002-11-5-27
Cash from Investing Activity-0-1-0-1-22-42-4
Cash from Financing Activity-011-0364730
Net Cash Flow0-01130-1
Free Cash Flow0-1-0-0-14-23-31
CFO/OP348%-84%9%40%-35%6%-201%
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days10763242115
Inventory Days3430637099112150
Days Payable44303228332326
Cash Conversion Cycle06374590110139
Working Capital Days-5-819368495134
ROCE %29%95%80%45%22%8%
Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters69.62%69.62%69.62%69.62%69.62%69.30%66.50%65.97%66.00%60.75%60.19%60.19%
FIIs2.61%0.00%0.00%0.00%0.02%0.22%3.54%3.53%4.00%7.50%6.93%6.93%
DIIs2.25%1.69%0.65%0.64%0.23%1.28%1.72%1.77%1.00%0.87%1.66%2.19%
Public25.53%28.69%29.73%29.74%30.13%29.20%28.24%28.73%30.00%30.88%31.23%30.70%
No. of Shareholders7381,0001,8072,0652,5082,7982,9883,1133,0542,9462,4952,597

Fundamentals

Market Cap₹ 754 Cr.
Current Price₹ 435
Stock P/E62.3
Book Value₹ 101
ROCE7.54 %
ROE4.88 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)-27%
Standalone figures.
Valuation
Market capRs 589 Cr
Enterprise valueRs 589 Cr
P/E (TTM)48.72x
Price to book37.24x
Price to sales1.97x
EV / EBITDA32.58x
EV / EBIT37.11x
EV / sales1.97x
Price to cash flow338.77x
Earnings yield2.05%
Profitability
Operating margin (excl. other income)8.45%
Operating margin (incl. other income)8.84%
EBITDA margin6.05%
Pre-tax margin5.18%
Net profit margin4.05%
Net margin, latest quarter5.10%
ROE70.50%
ROCE80.11%
ROA32.42%
ROE, 3-year average101.45%
ROCE, 3-year average68.16%
ROA, 3-year average25.47%
ROIC (approx.)78.87%
Tax rate23.62%
Other income / net worth3.03%
Growth
Sales growth (latest year)60.17%
Profit growth (latest year)52.00%
Sales CAGR, 3 years59.40%
Profit CAGR, 3 years338.72%
Sales growth QoQ13.48%
Profit growth QoQ208.09%
Sales growth YoY (latest quarter)36.90%
Profit growth YoY (latest quarter)45.99%
Per share
EPS (TTM)Rs 9.42
EPS (latest year)Rs 5.92
EPS (latest quarter)Rs 3.26
EPS, 3-year averageRs 90.81
Book value per shareRs 12.33
Sales per shareRs 232.65
Cash flow per shareRs 1.35
Free cash flow per shareRs -24.14
Efficiency
Asset turnover4.44x
Fixed asset turnover60.99x
Inventory turnover5.52x
Inventory days66 days
Debtor days3 days
Debtors turnover125.71x
Creditor days26 days
Cash conversion cycle139 days
Working capital days134 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 1 Cr
Net debtRs -0 Cr
Debt to equity0.06x
Net debt / EBITDA-0.03x
Interest coverage39.67x
Owners' fund to total sources57.07%
Debt to assets3.68%
Cash flow
Cash from Operating Activity (latest year)Rs 2 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -31 Cr
FCFE (approx.: FCF + change in debt)Rs -33 Cr
Cash from ops / profit, 5 years-0.73x
Sales to cash flow70.80x
Statement figures
Net sales (TTM)Rs 299 Cr
Net sales (latest year)Rs 123 Cr
Sales (latest quarter)Rs 82 Cr
Operating profit excl. other income (latest year)Rs 10 Cr
Operating profit (latest quarter)Rs 5 Cr
Other income (TTM)Rs 5 Cr
EBITDA (TTM)Rs 18 Cr
PBDT (TTM)Rs 18 Cr
Profit before tax (TTM)Rs 15 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 12 Cr
Net profit (latest year)Rs 8 Cr
Net profit (latest quarter)Rs 4 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 98 Cr
Total expenditure (latest year)Rs 113 Cr
Total income (latest year)Rs 124 Cr
Share capitalRs 13 Cr
ReservesRs 3 Cr
Shareholders' fundsRs 16 Cr
Total assetsRs 28 Cr
Net blockRs 2 Cr
ReceivablesRs 1 Cr
InventoryRs 18 Cr
Other liabilitiesRs 11 Cr
Shares outstanding (crore)1.28
Ownership
Promoter holding60.19% (-5.78 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodDENTALKARTNifty 50Difference
1 week+11.1%-2.8% +13.9 pts
1 month+15.4%-6.8% +22.2 pts
3 months+22.4%-7.6% +30.0 pts
6 months+36.3%+0.4% +35.9 pts
1 year-25.7%-9.9% -15.8 pts
2 years-19.9%-13.6% -6.4 pts
3 years+7.9%+14.2% -6.2 pts
1 mutual fund schemes hold about ₹2 Cr. Over three months 0 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
WOC ELSS Tax Saver Fund0.41%2

Red flags

F-score 6 of 8
explainWeak cash conversion Cash from operations was 12% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 21% of total assets in 2026
explainShare dilution Share count up 6300% in a year, 6300% in three
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹82 Cr +36.9% vs Jun 2025. Net profit ₹4 Cr +46.0%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly tradedScrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Vasa Denticity Ltd?

Vasa Denticity Ltd (DENTALKART) has a market capitalisation of Rs 754 Cr. at the 2026-10-01 close.

What is the P/E ratio of Vasa Denticity Ltd?

Vasa Denticity Ltd trades at a P/E of 62.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were Vasa Denticity Ltd's latest quarterly results?

In the Jun 2026 quarter, Vasa Denticity Ltd sales was Rs 82 Cr (+36.9% vs Jun 2025) and net profit was Rs 4 Cr.

What is the 52-week high and low of Vasa Denticity Ltd?

The 52-week high is Rs 622.00 and the 52-week low is Rs 322.50.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03