543363
Prevest Denpro financials
- Market cap
- ₹469 Cr
- Sector
- Healthcare
- Calls analysed
- 3
Prevest Denpro Q1 FY27
What went well
- Revenue from operations for FY26 increased by 13.9% to INR 71.81 crores.
- Export business recorded a growth of 17.58% during FY26.
- EBITDA for FY26 increased by 13.3% to INR 29.62 crores.
What to watch
- FY26 margin moderated marginally compared to the previous year.
- Global business environment remained challenging throughout FY26 due to tariff-related developments, geopolitical tensions, and conflict.
What Prevest Denpro does
Prevest DenPro makes dental materials and equipment covering restorative, endodontic, prosthodontic, preventive, aesthetic and orthodontic categories, manufactured at its Jammu facilities. It sells through a network of domestic dealers and overseas agents (B2B) as well as a direct-to-consumer online store, and runs an in-house R&D centre (Prevest Research Centre) for new-product development. It has recently added digital-dentistry offerings (3D-printed resins, printers, scanners) and a disinfectant-products line, and operates a US subsidiary, Axiodent Inc.
Segments
- Dental materials
- Dental equipment
- Digital dentistry / 3D printing
- Disinfectant products
- Product portfolio
- 100+ dental materials/products
- Manufacturing units
- 2 (Jammu, J&K)
- Export reach
- 90+ countries
- Dealer network (India)
- 60+
- Overseas agents
- 90+
- Total employees
- 250 (as of Mar-25)
Guidance record · Q4 FY26
what the last two calls moved 11 tracked 4 delivered 1 missed 6 open- New Product Launches delivered said Q4 FY25 Promised: Launch at least 4 to 5 new products in the 2025-2026 fiscal year Q4 FY26: Management confirmed commercialization of disinfectants and Rotoflex during the year, and R&D updates mentioned 2 new products hitting the market, meeting the lower end of the target range.
- H2 Revenue Growth missed said Q2 FY26 Promised: Expect to cross 20% in the next half year Q4 FY26: Calculated H2 FY26 revenue growth was approximately 12% YoY, falling short of the >20% guidance, which management attributed to geopolitical tensions and supply chain disruptions in Q4.
- Digital Dentistry Business Growth on track said Q4 FY25 Promised: Reach to a better level in 2026 Q4 FY26: Reported significant growth with 3D printer sales up 162% and 3D resins up 40.5% YoY. Capacity utilization for new products (including digital) is now at 18-20%. This demonstrates reaching a 'better level'.
All 11 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 20.9%, net profit up 27.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16 | 15 | 18 | 16 | 19 +15% | 18 +23% | 19 +3% | 19 +21% |
| EBITDA | 6 | 5 | 7 | 5 | 7 +15% | 6 +11% | 7 +6% | 7 +27% |
| Net profit | 5 | 5 | 5 | 4 | 6 +15% | 5 +4% | 6 +13% | 6 +28% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −32.3% 1Y
1Y: ₹602 on 10 Sept 2025 → ₹407.6. High ₹602 (10 Sept 2025), low ₹341.8 (30 Mar 2026).
How the price took the results
close before → close after
- Q4 FY26
- −2.1%
- 29 Jun
- Q2 FY26
- −1.0%
- 20 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 12.9% a year over 3 years, FY23 to FY26. Operating margin narrowed to 34.4%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹50 Cr | ₹56 Cr | ₹63 Cr | ₹72 Cr |
| Operating profit | ₹20 Cr | ₹20 Cr | ₹22 Cr | ₹25 Cr |
| Operating margin | 39.3% | 35.2% | 35.0% | 34.4% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹2 Cr |
| Net profit | ₹16 Cr | ₹16 Cr | ₹18 Cr | ₹20 Cr |
| Net margin | 31.5% | 28.6% | 28.8% | 28.5% |
| Cash from operations | ₹10 Cr | ₹12 Cr | ₹15 Cr | ₹15 Cr |
| Free cash flow | ₹-3 Cr | ₹8 Cr | ₹13 Cr | ₹13 Cr |
| ROCE | — | — | 25.0% | 24.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr |
| Reserves | ₹22 Cr | ₹45 Cr | ₹61 Cr | ₹77 Cr | ₹104 Cr | ₹113 Cr |
| Borrowings | ₹1 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹7 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹8 Cr | ₹8 Cr |
| Total liabilities | ₹31 Cr | ₹64 Cr | ₹79 Cr | ₹95 Cr | ₹123 Cr | ₹133 Cr |
| Fixed assets | ₹5 Cr | ₹7 Cr | ₹7 Cr | ₹27 Cr | ₹26 Cr | ₹27 Cr |
| Capital work in progress | ₹2 Cr | ₹5 Cr | ₹17 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹7 Cr | ₹9 Cr |
| Other assets | ₹23 Cr | ₹52 Cr | ₹53 Cr | ₹66 Cr | ₹90 Cr | ₹98 Cr |
| Total assets | ₹31 Cr | ₹64 Cr | ₹79 Cr | ₹95 Cr | ₹123 Cr | ₹133 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs trimmed −0.43 pp while the public added +0.40 pp. The shareholder count grew 2% to 1,975.
- Promoters
- 73.6%
- FIIs
- 0.7%
- DIIs
- 0.8%
- Public
- 24.9%
Since Jun 2025
- DIIs −0.43 pp
- Public +0.40 pp
- FIIs +0.02 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 73.6%, FIIs 0.3%, DIIs 0.7%, Public 25.4%.Dec '23: Promoters 73.6%, FIIs 0.3%, DIIs 0.7%, Public 25.4%.Mar '24: Promoters 73.6%, FIIs 0.5%, DIIs 0.7%, Public 25.2%.Jun '24: Promoters 73.6%, FIIs 1.1%, DIIs 0.7%, Public 24.6%.Sep '24: Promoters 73.6%, FIIs 0.6%, DIIs 0.7%, Public 25.1%.Dec '24: Promoters 73.6%, FIIs 0.6%, DIIs 0.7%, Public 25.1%.Mar '25: Promoters 73.6%, FIIs 0.6%, DIIs 1.3%, Public 24.5%.Jun '25: Promoters 73.6%, FIIs 0.6%, DIIs 1.2%, Public 24.5%.Sep '25: Promoters 73.6%, FIIs 0.6%, DIIs 0.8%, Public 25.0%.Dec '25: Promoters 73.6%, FIIs 0.7%, DIIs 0.8%, Public 25.0%.Mar '26: Promoters 73.6%, FIIs 0.7%, DIIs 0.8%, Public 25.0%.Jun '26: Promoters 73.6%, FIIs 0.7%, DIIs 0.8%, Public 24.9%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Ashika Global Finance Private Limited newly disclosed 1.13% held
- Thermo Capital Private Limited +0.16 pp 1.30% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Prevest Denpro above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Atul Modi | 37.52% | unchanged |
| Namrata Modi | 36.03% | unchanged |
| Thermo Capital Private Limited | 1.30% | +0.16 pp |
| Pankaj Prasoon And (HUF) | 1.20% | unchanged |
| Ashika Global Finance Private Limited | 1.13% | newly disclosed |
| Sharad Kanayalal Shah | 1.08% | unchanged |
| Girish Paman Vanvari | 1.02% | unchanged |
| Pankaj Prasoon | 1.00% | −0.30 pp |
| Niharika Modi | 0.03% | unchanged |
| Alka Beotra | 0.03% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
ExpensiveTo justify its price of ₹408, this stock must grow earnings at 17% every year for 7 years. Our analysis caps realistic growth at ~9%. At that growth it is worth ₹276 — downside of 32%.
- Growth the price implies
- 16.6% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 9.3% a year
- net profit, FY23–FY26 · EPS 9.3%
- The gap
- 0.1 pp
- -32% downside if it only repeats history
All earnings calls (3)
Read the Q4 FY26 call →Learn to analyse Prevest Denpro
Guides on how to read this kind of business and the numbers that matter.