---
title: "Vasa Denticity Ltd (DENTALKART) — Share Price, Financials & Analysis"
symbol: "DENTALKART"
company: "Vasa Denticity Ltd"
canonical: "https://tapetide.com/stocks/DENTALKART"
isin: "INE0N5801013"
nse_symbol: "DENTALKART"
sector: "Healthcare"
industry: "Medical Equipment"
market_cap_cr: 683.34
generated_at: "2026-09-13T18:32:47.402Z"
---

# Vasa Denticity Ltd (DENTALKART)

Canonical page: https://tapetide.com/stocks/DENTALKART

## Company

- **NSE Symbol:** DENTALKART
- **ISIN:** INE0N5801013
- **Sector:** Healthcare
- **Industry:** Medical Equipment
- **Macro Sector:** Healthcare
- **Stock Type:** EQUITY
- **Listed Since:** 2023-06-02
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** dentalkart.com

## About

Incorporated in 2016, Vasa Denticity Limited is in the business of marketing and distribution 
 of a comprehensive portfolio of Dental Products.[1]

## Latest Price

- **Price:** ₹390
- **Change:** 0 (0%)
- **Open:** ₹383
- **Day High:** ₹400
- **Day Low:** ₹383
- **Previous Close:** ₹390
- **Volume:** 11750
- **As Of:** 2026-09-11T09:59:55+00:00

## Key Fundamentals

Observed at 2026-09-11T04:38:26.472190Z.

- **Market Cap:** ₹683.34 Cr
- **Classification:** SME
- **P/E (reported):** 59.9
- **P/E (TTM):** 55.87
- **EPS (TTM):** ₹6.98
- **EPS (reported):** ₹9.41
- **Book Value:** ₹100.33
- **Price to Book:** 3.89
- **Dividend Yield:** 0%
- **ROE:** 12.64%
- **ROCE:** 17.19%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹278.87 Cr
- **Net Income:** ₹10.13 Cr
- **EBITDA:** ₹10.91 Cr
- **52-Week High:** ₹635.6
- **52-Week Low:** ₹322.5
- **RSI (14):** 43.07

## Tapetide Score

- **Score:** 48 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 39.4 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 90.97 | 9% |
| growth | 60.67 | 9% |
| momentum | 27.08 | 12% |
| ownership | 64.36 | 24% |
| quality | 47.56 | 22% |
| valuation | 21.21 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Debtor days have improved from 20.0 to 15.2 days.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.4.61 Cr.
- Promoter holding has decreased over last 3 years: -9.43%
- Working capital days have increased from 123 days to 189 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 69% | — | -167.75% |
| ebitda margin growth | 160.87% | -61.07% | -67.43% | — |
| net income growth | 215.38% | -40.06% | 12% | 101% |
| revenue growth | 11.69% | 10.97% | 31% | 47% |
| roce | 219.75% | -38.83% | -38.83% | — |
| roe | 224% | -42.7% | 17.35% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 40.71 | 36.8 | 57.02 | 53.54 | 59.39 | 62.83 | 72.8 | 60.02 | 72.72 | 71.47 | 72.41 | 82.17 |
| Expenses | 37.14 | 33.34 | 48.88 | 48.91 | 52.99 | 57.3 | 66.28 | 56.86 | 66.65 | 69.64 | 72.19 | 77.09 |
| Operating Profit | 3.57 | 3.46 | 8.14 | 4.63 | 6.4 | 5.53 | 6.52 | 3.16 | 6.07 | 1.83 | 0.22 | 5.08 |
| OPM % | 8.77 | 9.4 | 14.28 | 8.65 | 10.78 | 8.8 | 8.96 | 5.26 | 8.35 | 2.56 | 0.3 | 6.18 |
| Other Income | 1.16 | 0.29 | 0.46 | 0.32 | 0.97 | 0.45 | 0.19 | 0.98 | 0.66 | 0.93 | 2.08 | 0.94 |
| Interest | 0.02 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.02 | 0.01 |
| Depreciation | 0.23 | 0.27 | 0.28 | 0.37 | 0.28 | 0.5 | 0.56 | 0.27 | 0.34 | 0.56 | 0.61 | 0.7 |
| Profit before tax | 4.48 | 3.47 | 8.31 | 4.58 | 7.09 | 5.48 | 6.15 | 3.87 | 6.39 | 2.1 | 1.67 | 5.31 |
| Tax % | 16.74 | 29.39 | 23.59 | 25.55 | 24.4 | 27.19 | 29.76 | 25.84 | 21.91 | 25.71 | 19.16 | 20.9 |
| Net Profit | 3.73 | 2.45 | 6.35 | 3.42 | 5.37 | 3.99 | 4.32 | 2.87 | 4.99 | 1.56 | 1.36 | 4.19 |
| EPS in Rs | 2.33 | 1.53 | 3.96 | 2.14 | 3.35 | 2.4 | 2.6 | 1.73 | 2.88 | 0.9 | 0.78 | 2.42 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 30 | 40 | 77 | 123 | 170 | 241 | 277 | 299 |
| Expenses | 30 | 40 | 71 | 113 | 151 | 218 | 265 | 286 |
| Operating Profit | 0 | 0 | 6 | 10 | 19 | 23 | 11 | 13 |
| OPM % | 0.8 | 1.2 | 7 | 8 | 11 | 10 | 4.1 | 4.4 |
| Other Income | 0 | 0 | 0 | 0 | 1 | 2 | 5 | 5 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | 0 | 0 | 5 | 10 | 19 | 23 | 14 | 15 |
| Tax % | 0 | 27 | 0 | 24 | 22 | 27 | 23 | — |
| Net Profit | 0 | 0 | 5 | 8 | 15 | 17 | 11 | 12 |
| EPS in Rs | 4.5 | 16.5 | 250 | 5.92 | 9.42 | 10.28 | 6.22 | 6.98 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.2 | 0.2 | 0.2 | 13 | 16 | 17 | 17 |
| Reserves | 0 | 0 | 6 | 3 | 52 | 116 | 157 |
| Borrowings | 1 | 2 | 3 | 1 | 0 | 0 | 0 |
| Other Liabilities | 4 | 4 | 10 | 11 | 17 | 17 | 21 |
| Total Liabilities | 5 | 7 | 19 | 28 | 86 | 150 | 196 |
| Fixed Assets | 0 | 0 | 1 | 2 | 2 | 15 | 23 |
| CWIP | 0 | 0 | 0 | 0 | 1 | 5 | 0 |
| Investments | 0 | 0 | 0 | 0 | 12 | 44 | 45 |
| Other Assets | 4 | 6 | 18 | 26 | 70 | 86 | 128 |
| Total Assets | 5 | 7 | 19 | 28 | 86 | 150 | 196 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | 0 | 0 | 2 | -11 | -5 | -27 |
| Cash from Investing Activity | 0 | -1 | 0 | -1 | -22 | -42 | -4 |
| Cash from Financing Activity | 0 | 1 | 1 | 0 | 36 | 47 | 30 |
| Net Cash Flow | 0 | 0 | 1 | 1 | 3 | 0 | -1 |
| Free Cash Flow | 0 | -1 | 0 | 0 | -14 | -23 | -31 |
| CFO/OP | 348 | -84 | 9 | 40 | -35 | 6 | -203 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 10 | 7 | 6 | 3 | 24 | 21 | 15 |
| Inventory Days | 34 | 30 | 63 | 70 | 99 | 112 | 150 |
| Days Payable | 44 | 30 | 32 | 28 | 33 | 23 | 26 |
| Cash Conversion Cycle | 0 | 6 | 37 | 45 | 90 | 110 | 139 |
| Working Capital Days | -5 | -8 | 19 | 36 | 84 | 95 | 189 |
| ROCE % | — | 29 | 95 | 80 | 45 | 22 | 9 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 69.62% | 69.62% | 69.62% | 69.62% | 69.62% | 69.3% | 66.5% | 65.97% | 65.6% | 60.75% | 60.19% | 60.19% |
| FIIs | 2.61% | 0% | 0% | 0% | 0% | 0% | 3.54% | 3.53% | 4% | 7.5% | 6.93% | 6.93% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0.31% | 0.31% | 0.31% | 0.87% | 1.66% | 2.19% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 17.32% | 23.31% | 24.11% | 24.51% | 25.37% | 24.68% | 24.62% | 25.23% | 26.51% | 27.56% | 27.06% | 27.14% |
| Others | 10.45% | 7.08% | 6.27% | 5.88% | 5.01% | 6.01% | 5.02% | 4.96% | 3.58% | 3.32% | 4.17% | 3.56% |
| No. of Shareholders | 738 | 1000 | 1807 | 2065 | 2508 | 2798 | 2988 | 3113 | 3054 | 2946 | 2495 | 2597 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 401.29 | Sell |
| EMA (10) | 400.37 | Sell |
| SMA (20) | 404.29 | Sell |
| EMA (20) | 402.4 | Sell |
| SMA (50) | 402.02 | Sell |
| EMA (50) | 402.67 | Sell |
| SMA (100) | 402.9 | Sell |
| EMA (100) | 412.75 | Sell |
| SMA (200) | 455.67 | Sell |
| EMA (200) | 450.56 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.07 | Neutral |
| MACD (12,26,9) | -1.48 | Sell |
| Stochastic (14,3,3) | 14.54 | Buy |
| ADX (14) | 10.52 | Neutral |
| Williams %R (14) | -83.31 | Buy |
| ATR (14) | 15.75 | High Volatility |
| ROC (12) | -7.9 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 47.93 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 May 2026 - Vasa Denticity and IDS Denmed mutually decided not to proceed with the proposed acquisition. | [General Updates 8 May 2026 - Vasa Denticity and IDS Denmed mutually decided not to proceed with the proposed acquisition.](https://nsearchives.nseindia.com/corporate/VASADENTICITY_08052026185314_NSE_Disclosure_IDS_Denmed_Withdrawal_Signed.pdf) |
| 8 July 2026 - Vasa Denticity clarified filing issues, submitted revised XBRL, and reported audited FY26 results; appointed new CFO. | [Reply to Clarification- Financial results 8 July 2026 - Vasa Denticity clarified filing issues, submitted revised XBRL, and reported audited FY26 results; appointed new CFO.](https://nsearchives.nseindia.com/corporate/VASADENTICITY_06072026132529_Clarification_Letter.pdf) |
| 8 Aug - Q1 FY27 investor presentation: revenue ₹83.14 Cr, PAT ₹4.12 Cr, filed 8 August 2026. | [Investor Presentation 8 Aug - Q1 FY27 investor presentation: revenue ₹83.14 Cr, PAT ₹4.12 Cr, filed 8 August 2026.](https://nsearchives.nseindia.com/corporate/VASADENTICITY_08082026193612_Intimation_of_Investor_Presentation.pdf) |
| 7 Sep - Published newspaper notice for 10th AGM and e-voting in Financial Express and Jansatta on September 7, 2026. | [Copy of Newspaper Publication 7 Sep - Published newspaper notice for 10th AGM and e-voting in Financial Express and Jansatta on September 7, 2026.](https://nsearchives.nseindia.com/corporate/VASADENTICITY_07092026134810_Newspaper_Publication_Notice.pdf) |
| 7 Aug - Vasa Denticity Limited has informed about Resignation of Director/KMP/SMP | [Resignation of Director/KMP/SMP 7 Aug - Vasa Denticity Limited has informed about Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/DENTALKART_ROID_95525_KMP_Doc.zip) |
| 7 Aug - Q1 FY27 results approved; standalone PAT Rs 419.19 lakh, consolidated PAT Rs 404.54 lakh; Sandeep Aggarwal reappointed. | [Outcome of Board Meeting 7 Aug - Q1 FY27 results approved; standalone PAT Rs 419.19 lakh, consolidated PAT Rs 404.54 lakh; Sandeep Aggarwal reappointed.](https://nsearchives.nseindia.com/corporate/VASADENTICITY_07082026200426_Outcome_of_BM_07_Aug_26.pdf) |
| 7 Aug - Independent director Ravi Parmeshwar resigned effective August 7, 2026 for personal/professional reasons. | [Resignation 7 Aug - Independent director Ravi Parmeshwar resigned effective August 7, 2026 for personal/professional reasons.](https://nsearchives.nseindia.com/corporate/VASADENTICITY_07082026202153_Intimation_Ravi_Parmeshwar_Final.pdf) |
| 7 Aug - Board approved reappointment of Sandeep Aggarwal as Whole-Time Director on August 7, 2026, subject to AGM approval. | [Appointment 7 Aug - Board approved reappointment of Sandeep Aggarwal as Whole-Time Director on August 7, 2026, subject to AGM approval.](https://nsearchives.nseindia.com/corporate/VASADENTICITY_07082026201159_Change_in_Management_Sandeep_Aggarwal.pdf) |
| 6 May 2026 - Submitted SDD compliance certificate for FY2026; no non-compliance observed. | [Structural Digital Database 6 May 2026 - Submitted SDD compliance certificate for FY2026; no non-compliance observed.](https://nsearchives.nseindia.com/corporate/VASADENTICITY_06052026144826_SDD_CERTIFICATE_Vasa.pdf) |
| 6 February 2026 - ASA & Associates LLP appointed internal auditor for financial year 2026-27, effective February 6, 2026. | [Change in Auditors 6 February 2026 - ASA & Associates LLP appointed internal auditor for financial year 2026-27, effective February 6, 2026.](https://nsearchives.nseindia.com/corporate/VASADENTICITY_06022026191144_Intimation_of_internal_auditor.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/VASADENTICITY_18112025123354_Intimation_of_transcript.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/DENTALKART_20112024155841_Transcript_Intimation.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://nsearchives.nseindia.com/corporate/DENTALKART_07112023210904_InvestorPresentationH1FY24.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://nsearchives.nseindia.com/corporate/DENTALKART_10112023183844_TranscriptEarningCallHY1FY24.pdf) |
| May 2025 | [Concall - May 2025](https://nsearchives.nseindia.com/corporate/VASADENTICITY_26052025171954_Intimation_of_Transcript_of_Conference_Call_Signed.pdf) |
| May 2024 | [Concall - May 2024](https://nsearchives.nseindia.com/corporate/DENTALKART_27052024124344_TranscriptEarningCallFY2324.pdf) |
| Mar 2025 | [Concall - Mar 2025](https://nsearchives.nseindia.com/corporate/VASADENTICITY_12032025113619_Investor_PPT_Q3.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://nsearchives.nseindia.com/corporate/VASADENTICITY_16082025202734_Intimation_of_Investor_PPT_Q1.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31254_DENTALKART_2025_2026_A_12139155_03092026171827.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28418_DENTALKART_2024_2025_A_115153431_04092025160611.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26144_DENTALKART_2023_2024_07092024153610.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23019_DENTALKART_2022_2023_28082023191515_08282023200000.zip) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:32:47.402Z.