Sector Alpha Week of 2026-07-29
20-quarter listed-company comparison

Medical Equipment Stocks in India

Medical Equipment: Poly Medicure Ltd owns the largest revenue base; Prevest Denpro Ltd has the fastest current growth.

Nifty Medical Equipment Index — Constituents & Performance

The Medical Equipment companies below are the listed Indian Medical Equipment universe this page tracks — the same constituent set people search for as the Nifty Medical Equipment index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

The sector itself · before any single company

How has Medical Equipment moved against NIFTY 500?

The line below covers 5.1 years. Over the most recent two of them this sector is 10% behind NIFTY 500. Earnings across its companies fell 23% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 13 weeks running.

BREAKING OUT · ahead 13w⚠Moving with the index4 of 5 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑13w · 3/5 >200d (+0) · 4/5 lead (+0) · EPS 0/4↑

200300202620252024202320222021 284336 TRAILING 12-MONTH EPS · 100 AT THE START0100Sep 24Mar 25Sep 25Mar 26Sep 2024 · trailing 12-month earnings per share at 100, against 100 at the start · up 24.1% on a year ago · 4 reportingDec 2024 · trailing 12-month earnings per share at 94, against 100 at the start · up 22.9% on a year ago · 4 reportingMar 2025 · trailing 12-month earnings per share at 64, against 100 at the start · up 25.6% on a year ago · 4 reportingJun 2025 · trailing 12-month earnings per share at 60, against 100 at the start · up 12.8% on a year ago · 4 reportingSep 2025 · trailing 12-month earnings per share at 89, against 100 at the start · down 27.8% on a year ago · 5 reportingDec 2025 · trailing 12-month earnings per share at 46, against 100 at the start · down 33.4% on a year ago · 4 reportingMar 2026 · trailing 12-month earnings per share at 57, against 100 at the start · down 44.6% on a year ago · 5 reportingMar 2022 · too few reporting — 1 of the Medical Equipment filed a comparable quarter, and three is the floor for a readingJun 2022 · too few reporting — 1 of the Medical Equipment filed a comparable quarter, and three is the floor for a readingSep 2022 · too few reporting — 1 of the Medical Equipment filed a comparable quarter, and three is the floor for a readingDec 2022 · too few reporting — 1 of the Medical Equipment filed a comparable quarter, and three is the floor for a readingMar 2023 · too few reporting — 1 of the Medical Equipment filed a comparable quarter, and three is the floor for a readingJun 2023 · too few reporting — 1 of the Medical Equipment filed a comparable quarter, and three is the floor for a readingSep 2023 · too few reporting — 1 of the Medical Equipment filed a comparable quarter, and three is the floor for a readingDec 2023 · too few reporting — 1 of the Medical Equipment filed a comparable quarter, and three is the floor for a readingMar 2024 · too few reporting — 1 of the Medical Equipment filed a comparable quarter, and three is the floor for a readingJun 2024 · too few reporting — 2 of the Medical Equipment filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two57 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
200300202620252024202320222021 284336 TRAILING 12-MONTH EPS · 100 AT THE START0100Mar 25Mar 26Sep 2024 · trailing 12-month earnings per share at 100, against 100 at the start · up 24.1% on a year ago · 4 reportingDec 2024 · trailing 12-month earnings per share at 94, against 100 at the start · up 22.9% on a year ago · 4 reportingMar 2025 · trailing 12-month earnings per share at 64, against 100 at the start · up 25.6% on a year ago · 4 reportingJun 2025 · trailing 12-month earnings per share at 60, against 100 at the start · up 12.8% on a year ago · 4 reportingSep 2025 · trailing 12-month earnings per share at 89, against 100 at the start · down 27.8% on a year ago · 5 reportingDec 2025 · trailing 12-month earnings per share at 46, against 100 at the start · down 33.4% on a year ago · 4 reportingMar 2026 · trailing 12-month earnings per share at 57, against 100 at the start · down 44.6% on a year ago · 5 reportingMar 2022 · too few reporting — 1 of the Medical Equipment filed a comparable quarter, and three is the floor for a readingJun 2022 · too few reporting — 1 of the Medical Equipment filed a comparable quarter, and three is the floor for a readingSep 2022 · too few reporting — 1 of the Medical Equipment filed a comparable quarter, and three is the floor for a readingDec 2022 · too few reporting — 1 of the Medical Equipment filed a comparable quarter, and three is the floor for a readingMar 2023 · too few reporting — 1 of the Medical Equipment filed a comparable quarter, and three is the floor for a readingJun 2023 · too few reporting — 1 of the Medical Equipment filed a comparable quarter, and three is the floor for a readingSep 2023 · too few reporting — 1 of the Medical Equipment filed a comparable quarter, and three is the floor for a readingDec 2023 · too few reporting — 1 of the Medical Equipment filed a comparable quarter, and three is the floor for a readingMar 2024 · too few reporting — 1 of the Medical Equipment filed a comparable quarter, and three is the floor for a readingJun 2024 · too few reporting — 2 of the Medical Equipment filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two57No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Medical Equipment, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy Broad but lateHow much of the sector is participating, how recently, and whether the movers score well.
Together4 of 5 stocks moving
Fresh0 crossed in the last 4 weeks
Backed by scoresmovers score +4 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large 1/10
Mid 2/20
Small 1/20

Participation is not spreading downward this month; the larger companies are still carrying most of it.

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 5 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Medical Equipment outperforming NIFTY 500?

The 52-week comparison of Medical Equipment against NIFTY 500 is not available from the current market series. 2 of 6 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Prevest Denpro Ltd is the strongest against the sector itself at +21.2%. Readings are as of 2026-07-19.

—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
2/6Stocks leading NIFTY 500
2/5Stocks leading sector

Sector metric: 28.6 as of 2026-07-19 · NARROWING · rising.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

The 52-week sector comparison is unavailable. 2 of 6 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Poly Medicure Ltd leads with revenue of ₹1,876 crore, based on 5 of 6 comparable companies through Mar 2026. Prevest Denpro Ltd has the fastest current revenue growth at 17.3%, across 5 of 6 comparable companies.

Is the Medical Equipment sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 2 of 6 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

Which Medical Equipment company is largest by revenue?

Poly Medicure Ltd leads with revenue of ₹1,876 crore, based on 5 of 6 comparable companies through Mar 2026.

Which Medical Equipment company is growing fastest?

Prevest Denpro Ltd has the fastest current revenue growth at 17.3%, across 5 of 6 comparable companies.

Which Medical Equipment company has the strongest 4-Factor Sector Score?

Prevest Denpro Ltd ranks first at 71.7/100 with 73% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Medical Equipment company reports the most CAPEX?

Tarsons Products Ltd reports the largest latest CAPEX at ₹28 crore, with 2 of 6 companies comparable.

Which Medical Equipment company has the least gross debt?

Vasa Denticity Ltd has the lowest comparable gross debt at ₹0 crore. Tarsons Products Ltd has the highest at ₹393 crore.

Which Medical Equipment company has the lowest comparable PEG?

Poly Medicure Ltd has the lowest comparable Guarded PEG at 3.87, among 1 of 6 companies that pass the metric’s comparability rules.

How much history does this Medical Equipment comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
6
complete canonical membership
Combined market value
₹21.5K Cr
Poly Medicure Ltd
Revenue growing
5/5
positive TTM year-on-year growth
Beating NIFTY 500
2/6
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Prevest Denpro Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 73% evidence confidence.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Prevest Denpro Ltd · PREVEST

71.7/100 · Favorable setup · 73% evidence

Exact sum: 23.4 + 21.2 + 13.8 + 13.3 = 71.7

Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.

23.4/35Growth & earnings

Revenue 17.3% · PAT 17% · OPM change -0.6 pp

83% evidence

21.2/25Capital efficiency

ROCE 25.2% · debt/equity 0×

80% evidence

13.8/20Valuation

P/E 24.8× · PEG —

50% evidence

13.3/20Relative strength

RS sector 21.2% · RS bench -12.7% · 1Y -25.5%

70% evidence

2. Laxmi Dental Ltd · LAXMIDENTL

50.2/100 · Mixed-positive evidence · 74% evidence

Exact sum: 23.1 + 13.2 + 10.3 + 3.6 = 50.2

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -18.5% and the one-year return is -54.1%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

23.1/35Growth & earnings

Revenue 15.8% · PAT -9.4% · OPM change 2 pp

95% evidence

13.2/25Capital efficiency

ROCE 14.9% · debt/equity 0.05×

95% evidence

10.3/20Valuation

P/E 35.6× · PEG —

15% evidence

3.6/20Relative strength

RS sector -18.5% · RS bench -15.5% · 1Y -54.1%

70% evidence

3. Poly Medicure Ltd · POLYMED

41.3/100 · Mixed-negative evidence · 94% evidence

Exact sum: 12.6 + 12.3 + 4.3 + 12.1 = 41.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

12.6/35Growth & earnings

Revenue 12.3% · PAT -5% · OPM change -6 pp

100% evidence

12.3/25Capital efficiency

ROCE 14% · debt/equity 0.11×

100% evidence

4.3/20Valuation

P/E 51.5× · PEG 3.87

100% evidence

12.1/20Relative strength

RS sector 1.7% · RS bench -1.3% · 1Y -20%

70% evidence

4. Tarsons Products Ltd · TARSONS

32.3/100 · Adverse evidence · 81% evidence

Exact sum: 8.4 + 7.9 + 5.4 + 10.6 = 32.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

8.4/35Growth & earnings

Revenue 7.7% · PAT -51.9% · OPM change -4.5 pp

95% evidence

7.9/25Capital efficiency

ROCE 4.6% · debt/equity 0.62×

95% evidence

5.4/20Valuation

P/E 110× · PEG —

50% evidence

10.6/20Relative strength

RS sector -3.9% · RS bench 14.2% · 1Y -25.2%

70% evidence

5. Vasa Denticity Ltd · DENTALKART

27.3/100 · Adverse evidence · 81% evidence

Exact sum: 6.7 + 9.1 + 7 + 4.5 = 27.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

6.7/35Growth & earnings

Revenue 12.1% · PAT -41.4% · OPM change -8.4 pp

95% evidence

9.1/25Capital efficiency

ROCE 8.6% · debt/equity 0×

95% evidence

7.0/20Valuation

P/E 72.1× · PEG —

50% evidence

4.5/20Relative strength

RS sector -6% · RS bench -17% · 1Y -31.5%

70% evidence

6. Hemant Surgical Industries Ltd · 543916

55.9/100 · Thin evidence · provisional · 32% evidence

Exact sum: 18.1 + 14.4 + 10.9 + 12.5 = 55.9

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

18.1/35Growth & earnings

Revenue — · PAT — · OPM change 0 pp

10% evidence

14.4/25Capital efficiency

ROCE 19.6% · debt/equity 0.36×

80% evidence

10.9/20Valuation

P/E 30.4× · PEG —

15% evidence

12.5/20Relative strength

RS sector — · RS bench 26.5% · 1Y —

25% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Poly Medicure Ltd has the highest Revenue among the 6 Medical Equipment companies compared here, at ₹1,876 crore. Tarsons Products Ltd is next at ₹423 crore. Prevest Denpro Ltd has the highest Revenue growth at 17.3%, so level and change sit with different companies. 5 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Poly Medicure Ltd is the scale leader at ₹1,876 crore, 344% ahead of Tarsons Products Ltd. Prevest Denpro Ltd's growth is 17.3% from a ₹71 crore base, with 13 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderPoly Medicure Ltd · ₹1,876 crore
Gap344% versus #2 · Tarsons Products Ltd
Persistence8/8 recent comparable periods
Coverage5/6 companies · 71 observations

Investor read: Poly Medicure Ltd is the scale benchmark; Prevest Denpro Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Poly Medicure Ltd's growth falls below Prevest Denpro Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Poly Medicure Ltd POLYMED₹1.9K Cr
2Tarsons Products Ltd TARSONS⚠ unverified₹423 Cr
3Vasa Denticity Ltd DENTALKART⚠ unverified₹279 Cr
4Laxmi Dental Ltd LAXMIDENTL⚠ unverified₹278 Cr
5Prevest Denpro Ltd PREVEST₹71 Cr
Revenue growthfastest growers
1Prevest Denpro Ltd PREVEST17%
2Laxmi Dental Ltd LAXMIDENTL⚠ unverified16%
3Poly Medicure Ltd POLYMED12%
4Vasa Denticity Ltd DENTALKART⚠ unverified12%
5Tarsons Products Ltd TARSONS⚠ unverified7.7%
Revenue · company comparison
5/6 level · 5/6 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Poly Medicure Ltd POLYMED₹535 Cr21%Mar 2026
Hemant Surgical Industries Ltd 543916₹167 Cr188%Mar 2026
Tarsons Products Ltd TARSONS⚠ unverified₹121 Cr7.3%Mar 2026
Laxmi Dental Ltd LAXMIDENTL⚠ unverified₹74 Cr21%Mar 2026
Vasa Denticity Ltd DENTALKART⚠ unverified₹73 Cr0.3%Mar 2026
Prevest Denpro Ltd PREVEST₹18 Cr23%Dec 2025
Full 20-quarter history · every available company

Revenue · reported quarter history

Hemant Surgical Industries Ltd · 543916

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
₹58 Cr
—
₹65 Cr
—
₹167 Cr

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

—
—
—
—
—
—
—
—
—
—
₹48 Cr
₹55 Cr
₹60 Cr
₹57 Cr
₹62 Cr
₹61 Cr
₹66 Cr
₹72 Cr
₹66 Cr
₹74 Cr

Poly Medicure Ltd · POLYMED

₹212 Cr
₹223 Cr
₹230 Cr
₹257 Cr
₹249 Cr
₹275 Cr
₹285 Cr
₹307 Cr
₹321 Cr
₹337 Cr
₹340 Cr
₹378 Cr
₹385 Cr
₹420 Cr
₹424 Cr
₹441 Cr
₹403 Cr
₹444 Cr
₹494 Cr
₹535 Cr

Prevest Denpro Ltd · PREVEST

—
—
—
—
—
—
₹12 Cr
₹14 Cr
₹13 Cr
₹13 Cr
₹14 Cr
₹16 Cr
₹13 Cr
₹16 Cr
₹15 Cr
₹19 Cr
₹16 Cr
₹19 Cr
₹18 Cr
—

Tarsons Products Ltd · TARSONS⚠ unverified

₹69 Cr
₹76 Cr
₹71 Cr
₹85 Cr
—
—
—
—
—
—
₹62 Cr
₹106 Cr
₹85 Cr
₹99 Cr
₹96 Cr
₹113 Cr
₹91 Cr
₹102 Cr
₹108 Cr
₹121 Cr

Vasa Denticity Ltd · DENTALKART⚠ unverified

—
—
—
—
—
—
—
—
—
₹41 Cr
₹37 Cr
₹57 Cr
₹54 Cr
₹59 Cr
₹63 Cr
₹73 Cr
₹61 Cr
₹73 Cr
₹72 Cr
₹73 Cr

Revenue growth · reported quarter history

Hemant Surgical Industries Ltd · 543916

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
188%

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
—
29%
11%
10%
26%
6.5%
21%

Poly Medicure Ltd · POLYMED

—
—
—
—
17%
23%
24%
19%
29%
23%
19%
23%
20%
25%
25%
17%
4.7%
5.7%
17%
21%

Prevest Denpro Ltd · PREVEST

—
—
—
—
—
—
—
—
—
—
11%
18%
-0.4%
23%
9.6%
14%
18%
15%
23%
—

Tarsons Products Ltd · TARSONS⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
—
55%
6.6%
7.7%
3.1%
13%
7.3%

Vasa Denticity Ltd · DENTALKART⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
46%
71%
28%
13%
23%
15%
0.3%
02 · compare level, then change

Operating Economics & Margin Trend

Prevest Denpro Ltd has the highest OPM among the 6 Medical Equipment companies compared here, at 33.9%. Tarsons Products Ltd is next at 28.3%. Laxmi Dental Ltd has the highest Margin change at +2 percentage points, so level and change sit with different companies. 6 of 6 companies report a comparable reading, the latest through Dec 2025.

What the numbers say: Prevest Denpro Ltd leads opm at 33.9%; Laxmi Dental Ltd leads margin change at +2 percentage points.

LeaderPrevest Denpro Ltd · 33.9%
Gap19.8% versus #2 · Tarsons Products Ltd
Persistence4/8 recent comparable periods
Coverage6/6 companies · 84 observations

Investor read: Prevest Denpro Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Prevest Denpro Ltd PREVEST34%
2Tarsons Products Ltd TARSONS⚠ unverified28%
3Poly Medicure Ltd POLYMED21%
4Laxmi Dental Ltd LAXMIDENTL⚠ unverified18%
5Hemant Surgical Industries Ltd 5439169.0%
Margin changefastest expanders
1Laxmi Dental Ltd LAXMIDENTL⚠ unverified+2.0 pp
2Hemant Surgical Industries Ltd 5439160.0 pp
3Prevest Denpro Ltd PREVEST−0.6 pp
4Tarsons Products Ltd TARSONS⚠ unverified−4.5 pp
5Poly Medicure Ltd POLYMED−6.0 pp
Operating margin · company comparison
6/6 level · 6/6 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
Prevest Denpro Ltd PREVEST34%−0.6 ppDec 2025
Tarsons Products Ltd TARSONS⚠ unverified28%−4.5 ppMar 2026
Poly Medicure Ltd POLYMED21%−6.0 ppMar 2026
Laxmi Dental Ltd LAXMIDENTL⚠ unverified18%+2.0 ppMar 2026
Hemant Surgical Industries Ltd 5439169.0%0.0 ppMar 2026
Vasa Denticity Ltd DENTALKART⚠ unverified0.4%−8.4 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Hemant Surgical Industries Ltd · 543916

—
—
—
—
—
8.0%
—
11%
—
6.6%
—
13%
—
7.2%
—
9.0%
—
12%
—
9.0%

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

—
—
—
—
—
—
—
—
—
—
8.0%
21%
23%
15%
16%
16%
18%
15%
11%
18%

Poly Medicure Ltd · POLYMED

26%
23%
22%
22%
19%
24%
25%
27%
27%
25%
27%
26%
27%
27%
27%
27%
26%
26%
23%
21%

Prevest Denpro Ltd · PREVEST

—
41%
43%
31%
37%
39%
41%
41%
37%
34%
33%
36%
34%
36%
34%
36%
35%
36%
34%
—

Tarsons Products Ltd · TARSONS⚠ unverified

53%
51%
47%
52%
—
—
—
—
—
—
37%
29%
22%
26%
31%
33%
27%
27%
29%
28%

Vasa Denticity Ltd · DENTALKART⚠ unverified

—
—
—
—
—
7.5%
—
9.2%
9.2%
8.8%
9.4%
14%
8.6%
11%
8.8%
8.8%
5.0%
8.0%
2.4%
0.4%

Margin change · reported quarter history

Hemant Surgical Industries Ltd · 543916

—
—
—
—
—
—
—
—
—
−1.5 pp
—
+1.7 pp
—
+0.7 pp
—
−3.7 pp
—
+4.8 pp
—
0.0 pp

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
—
+8.0 pp
−5.0 pp
−5.0 pp
0.0 pp
−5.0 pp
+2.0 pp

Poly Medicure Ltd · POLYMED

−0.8 pp
−5.5 pp
−6.2 pp
−3.8 pp
−7.4 pp
+0.8 pp
+2.8 pp
+5.4 pp
+8.3 pp
+1.5 pp
+2.0 pp
−1.0 pp
0.0 pp
+2.0 pp
0.0 pp
+1.0 pp
−1.0 pp
−1.0 pp
−4.0 pp
−6.0 pp

Prevest Denpro Ltd · PREVEST

—
—
—
—
—
−2.3 pp
−2.4 pp
+9.6 pp
+0.1 pp
−4.7 pp
−7.7 pp
−4.5 pp
−3.4 pp
+1.6 pp
+1.6 pp
−0.5 pp
+1.5 pp
+0.2 pp
−0.6 pp
—

Tarsons Products Ltd · TARSONS⚠ unverified

+25.7 pp
—
−4.0 pp
+0.6 pp
—
—
—
—
—
—
—
—
—
—
−6.1 pp
+4.3 pp
+4.9 pp
+1.3 pp
−1.8 pp
−4.5 pp

Vasa Denticity Ltd · DENTALKART⚠ unverified

—
—
—
—
—
—
—
—
—
+1.2 pp
—
+5.1 pp
−0.6 pp
+2.0 pp
−0.6 pp
−5.5 pp
−3.6 pp
−2.8 pp
−6.4 pp
−8.4 pp
03 · compare level, then change

Profit Scale & Acceleration

Poly Medicure Ltd has the highest Net profit among the 6 Medical Equipment companies compared here, at ₹321 crore. Laxmi Dental Ltd is next at ₹29 crore. Prevest Denpro Ltd has the highest Profit growth at 17%, so level and change sit with different companies. 5 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Poly Medicure Ltd leads with ₹321 crore of TTM profit, 11.1× the profit of Laxmi Dental Ltd. Prevest Denpro Ltd shows 17% growth from a ₹21 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderPoly Medicure Ltd · ₹321 crore
Gap11.1× versus #2 · Laxmi Dental Ltd
Persistence6/8 recent comparable periods
Coverage5/6 companies · 71 observations

Investor read: Poly Medicure Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Poly Medicure Ltd POLYMED₹321 Cr
2Laxmi Dental Ltd LAXMIDENTL⚠ unverified₹29 Cr
3Prevest Denpro Ltd PREVEST₹21 Cr
4Tarsons Products Ltd TARSONS⚠ unverified₹14 Cr
5Vasa Denticity Ltd DENTALKART⚠ unverified₹10 Cr
Profit growthfastest growers
1Prevest Denpro Ltd PREVEST17%
2Poly Medicure Ltd POLYMED-5.0%
3Laxmi Dental Ltd LAXMIDENTL⚠ unverified-9.4%
4Vasa Denticity Ltd DENTALKART⚠ unverified-41%
5Tarsons Products Ltd TARSONS⚠ unverified-52%
Net profit · company comparison
5/6 level · 5/6 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
Poly Medicure Ltd POLYMED₹65 Cr-29%Mar 2026
Hemant Surgical Industries Ltd 543916₹13 Cr160%Mar 2026
Laxmi Dental Ltd LAXMIDENTL⚠ unverified₹10 Cr150%Mar 2026
Prevest Denpro Ltd PREVEST₹5 Cr15%Dec 2025
Tarsons Products Ltd TARSONS⚠ unverified₹4 Cr-59%Mar 2026
Vasa Denticity Ltd DENTALKART⚠ unverified₹1 Cr-70%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Hemant Surgical Industries Ltd · 543916

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
₹5 Cr
—
₹5 Cr
—
₹13 Cr

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

—
—
—
—
—
—
—
—
—
—
₹2 Cr
₹8 Cr
₹17 Cr
₹6 Cr
₹5 Cr
₹4 Cr
₹8 Cr
₹9 Cr
₹2 Cr
₹10 Cr

Poly Medicure Ltd · POLYMED

₹38 Cr
₹38 Cr
₹35 Cr
₹36 Cr
₹27 Cr
₹43 Cr
₹50 Cr
₹59 Cr
₹63 Cr
₹62 Cr
₹65 Cr
₹68 Cr
₹74 Cr
₹87 Cr
₹85 Cr
₹92 Cr
₹93 Cr
₹92 Cr
₹71 Cr
₹65 Cr

Prevest Denpro Ltd · PREVEST

—
—
—
—
—
—
₹4 Cr
₹5 Cr
₹4 Cr
₹4 Cr
₹4 Cr
₹5 Cr
₹4 Cr
₹5 Cr
₹4 Cr
₹5 Cr
₹5 Cr
₹6 Cr
₹5 Cr
—

Tarsons Products Ltd · TARSONS⚠ unverified

₹25 Cr
₹25 Cr
₹21 Cr
₹29 Cr
—
—
—
—
—
—
₹10 Cr
₹10 Cr
₹4 Cr
₹10 Cr
₹5 Cr
₹10 Cr
₹2 Cr
₹3 Cr
₹5 Cr
₹4 Cr

Vasa Denticity Ltd · DENTALKART⚠ unverified

—
—
—
—
—
—
—
—
—
₹4 Cr
₹2 Cr
₹6 Cr
₹3 Cr
₹5 Cr
₹4 Cr
₹4 Cr
₹3 Cr
₹5 Cr
₹1 Cr
₹1 Cr

Profit growth · reported quarter history

Hemant Surgical Industries Ltd · 543916

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
160%

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
—
150%
-50%
-53%
50%
-60%
150%

Poly Medicure Ltd · POLYMED

—
—
—
—
-29%
13%
43%
64%
133%
44%
30%
15%
17%
40%
31%
35%
26%
5.8%
-16%
-29%

Prevest Denpro Ltd · PREVEST

—
—
—
—
—
—
—
—
—
—
1.4%
-8.8%
-11%
29%
23%
13%
27%
15%
15%
—

Tarsons Products Ltd · TARSONS⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
—
-47%
-1.2%
-56%
-68%
-4.2%
-59%

Vasa Denticity Ltd · DENTALKART⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
44%
63%
-35%
-21%
-14%
-66%
-70%
04 · compare level, then change

Capacity Spending & Returns On It

Tarsons Products Ltd has the highest CAPEX among the 6 Medical Equipment companies compared here, at ₹28 crore. Vasa Denticity Ltd is next at ₹0 crore. The same company also holds the highest CAPEX intensity, at 36.8%. 2 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Tarsons Products Ltd reports ₹28 crore of CAPEX; Tarsons Products Ltd has the highest covered intensity at 36.8%. Coverage is only 2 of 6 companies and 5 reported observations, so this is partial evidence—not a complete sector rank.

LeaderTarsons Products Ltd · ₹28 crore
Gapnull versus #2 · Vasa Denticity Ltd
Persistence2/2 recent comparable periods
Coverage2/6 companies · 5 observations

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Tarsons Products Ltd TARSONS⚠ unverified₹28 Cr
2Vasa Denticity Ltd DENTALKART⚠ unverified₹0 Cr
CAPEX intensityhighest reinvestment intensity
1Tarsons Products Ltd TARSONS⚠ unverified37%
2Vasa Denticity Ltd DENTALKART⚠ unverified0.0%
Capital expenditure · company comparison
2/6 level · 2/6 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyCAPEXCAPEX intensityReported
Tarsons Products Ltd TARSONS⚠ unverified₹28 Cr37%Mar 2026
Vasa Denticity Ltd DENTALKART⚠ unverified₹0 Cr0.0%Mar 2026
Full 20-quarter history · every available company

CAPEX · reported quarter history

Tarsons Products Ltd · TARSONS⚠ unverified

₹42 Cr
₹28 Cr
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—

Vasa Denticity Ltd · DENTALKART⚠ unverified

—
—
—
—
—
—
—
₹1 Cr
₹0 Cr
₹0 Cr
—
—
—
—
—
—
—
—
—
—

CAPEX intensity · reported quarter history

Tarsons Products Ltd · TARSONS⚠ unverified

61%
37%
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—

Vasa Denticity Ltd · DENTALKART⚠ unverified

—
—
—
—
—
—
—
—
—
0.0%
—
—
—
—
—
—
—
—
—
—
Annual capital allocation · 10-year view
6/6 capacity base · 6/6 OCF · 6/6 CAPEX · 6/6 FCF

Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.

Full annual capacity base, operating cash flow, CAPEX and free cash flow history

Capacity base · net fixed assets + CWIP · fiscal-year history

Hemant Surgical Industries Ltd · 543916

—
—
—
—
—
—
—
—
₹52 Cr
₹53 Cr

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

—
—
—
₹39 Cr
₹49 Cr
₹40 Cr
₹40 Cr
₹46 Cr
₹51 Cr
₹63 Cr

Poly Medicure Ltd · POLYMED

₹227 Cr
₹283 Cr
₹325 Cr
₹388 Cr
₹447 Cr
₹531 Cr
₹713 Cr
₹943 Cr
₹1.2K Cr
₹1.8K Cr

Prevest Denpro Ltd · PREVEST

—
—
₹5 Cr
₹5 Cr
₹7 Cr
₹12 Cr
₹24 Cr
₹27 Cr
₹27 Cr
—

Tarsons Products Ltd · TARSONS⚠ unverified

—
—
—
—
₹142 Cr
₹221 Cr
—
₹603 Cr
₹769 Cr
₹892 Cr

Vasa Denticity Ltd · DENTALKART⚠ unverified

—
—
—
—
—
—
—
₹3 Cr
₹22 Cr
₹26 Cr

Operating cash flow · fiscal-year history

Hemant Surgical Industries Ltd · 543916

—
—
—
—
—
—
—
—
₹9 Cr
₹-32 Cr

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

—
—
—
₹12 Cr
₹10 Cr
₹-2 Cr
₹14 Cr
₹8 Cr
₹44 Cr
₹-5 Cr

Poly Medicure Ltd · POLYMED

₹56 Cr
₹75 Cr
₹106 Cr
₹131 Cr
₹119 Cr
₹123 Cr
₹191 Cr
₹266 Cr
₹240 Cr
₹246 Cr

Prevest Denpro Ltd · PREVEST

—
—
₹3 Cr
₹5 Cr
₹9 Cr
₹7 Cr
₹10 Cr
₹11 Cr
₹15 Cr
—

Tarsons Products Ltd · TARSONS⚠ unverified

—
—
—
—
₹68 Cr
₹83 Cr
₹76 Cr
₹103 Cr
₹114 Cr
₹118 Cr

Vasa Denticity Ltd · DENTALKART⚠ unverified

—
—
—
—
—
₹0 Cr
₹2 Cr
₹-11 Cr
₹-4 Cr
₹-25 Cr

CAPEX · reported cash flow · fiscal-year history

Hemant Surgical Industries Ltd · 543916

—
—
—
—
—
—
—
—
—
₹3 Cr

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

—
—
—
—
₹16 Cr
₹-1 Cr
₹11 Cr
₹18 Cr
₹20 Cr
₹28 Cr

Poly Medicure Ltd · POLYMED

₹55 Cr
₹85 Cr
₹79 Cr
₹104 Cr
₹107 Cr
₹138 Cr
₹239 Cr
₹293 Cr
₹325 Cr
₹724 Cr

Prevest Denpro Ltd · PREVEST

—
—
—
₹0 Cr
₹2 Cr
₹6 Cr
₹13 Cr
₹4 Cr
₹2 Cr
—

Tarsons Products Ltd · TARSONS⚠ unverified

—
—
—
—
—
₹101 Cr
—
—
₹228 Cr
₹220 Cr

Vasa Denticity Ltd · DENTALKART⚠ unverified

—
—
—
—
—
—
—
—
₹21 Cr
₹6 Cr

Free cash flow · fiscal-year history

Hemant Surgical Industries Ltd · 543916

—
—
—
—
—
—
—
—
—
₹-35 Cr

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

—
—
—
—
₹-6 Cr
₹-1 Cr
₹3 Cr
₹-10 Cr
₹24 Cr
₹-33 Cr

Poly Medicure Ltd · POLYMED

₹1 Cr
₹-10 Cr
₹27 Cr
₹27 Cr
₹12 Cr
₹-15 Cr
₹-48 Cr
₹-27 Cr
₹-85 Cr
₹-478 Cr

Prevest Denpro Ltd · PREVEST

—
—
—
₹5 Cr
₹7 Cr
₹1 Cr
₹-3 Cr
₹7 Cr
₹13 Cr
—

Tarsons Products Ltd · TARSONS⚠ unverified

—
—
—
—
—
₹-18 Cr
—
—
₹-114 Cr
₹-102 Cr

Vasa Denticity Ltd · DENTALKART⚠ unverified

—
—
—
—
—
—
—
—
₹-25 Cr
₹-31 Cr
05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Vasa Denticity Ltd has the lowest Gross debt among the 6 Medical Equipment companies compared here, at ₹0 crore. Poly Medicure Ltd has the lowest Net debt at ₹473 crore net cash, so level and change sit with different companies. 6 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Poly Medicure Ltd has the clearest covered balance-sheet capacity with ₹473 crore net cash and gross debt of ₹354 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderVasa Denticity Ltd · ₹0 crore
Gapnull versus #2 · Prevest Denpro Ltd
Persistence8/8 recent comparable periods
Coverage6/6 companies · 64 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Vasa Denticity Ltd DENTALKART⚠ unverified₹0 Cr
2Prevest Denpro Ltd PREVEST₹0 Cr
3Laxmi Dental Ltd LAXMIDENTL⚠ unverified₹13 Cr
4Hemant Surgical Industries Ltd 543916₹50 Cr
5Poly Medicure Ltd POLYMED₹354 Cr
Net debtlowest net debt
1Poly Medicure Ltd POLYMED₹-473 Cr
2Vasa Denticity Ltd DENTALKART⚠ unverified₹-47 Cr
3Laxmi Dental Ltd LAXMIDENTL⚠ unverified₹-9 Cr
4Tarsons Products Ltd TARSONS⚠ unverified₹368 Cr
Debt and balance-sheet capacity · company comparison
6/6 level · 4/6 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
Tarsons Products Ltd TARSONS⚠ unverified₹393 Cr₹368 CrMar 2026
Poly Medicure Ltd POLYMED₹354 Cr₹-473 CrMar 2026
Hemant Surgical Industries Ltd 543916₹50 Cr—Mar 2026
Laxmi Dental Ltd LAXMIDENTL⚠ unverified₹13 Cr₹-9 CrMar 2026
Vasa Denticity Ltd DENTALKART⚠ unverified₹0 Cr₹-47 CrMar 2026
Prevest Denpro Ltd PREVEST₹0 Cr—Dec 2025
Full 20-quarter history · every available company

Gross debt · reported quarter history

Hemant Surgical Industries Ltd · 543916

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
₹31 Cr
—
—
—
₹50 Cr

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

—
—
—
₹50 Cr
—
—
—
₹50 Cr
—
—
—
₹61 Cr
—
₹47 Cr
—
₹20 Cr
₹20 Cr
₹9 Cr
₹9 Cr
₹13 Cr

Poly Medicure Ltd · POLYMED

₹105 Cr
₹136 Cr
₹136 Cr
₹127 Cr
₹127 Cr
₹129 Cr
₹129 Cr
₹149 Cr
₹149 Cr
₹135 Cr
₹135 Cr
₹174 Cr
₹174 Cr
₹161 Cr
₹161 Cr
₹180 Cr
₹180 Cr
₹240 Cr
₹240 Cr
₹354 Cr

Prevest Denpro Ltd · PREVEST

—
—
—
₹1 Cr
—
—
—
₹0 Cr
—
—
—
₹0 Cr
—
—
—
₹0 Cr
—
₹0 Cr
—
—

Tarsons Products Ltd · TARSONS⚠ unverified

₹64 Cr
—
—
₹22 Cr
₹22 Cr
₹62 Cr
₹62 Cr
₹111 Cr
₹111 Cr
₹123 Cr
₹123 Cr
₹269 Cr
₹269 Cr
₹317 Cr
₹317 Cr
₹339 Cr
₹339 Cr
₹396 Cr
₹396 Cr
₹393 Cr

Vasa Denticity Ltd · DENTALKART⚠ unverified

—
—
—
—
—
—
—
₹1 Cr
₹1 Cr
₹0 Cr
—
₹0 Cr
₹0 Cr
—
—
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr

Net debt · reported quarter history

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
₹49 Cr
—
₹46 Cr
—
₹-89 Cr
₹-89 Cr
₹-16 Cr
₹-16 Cr
₹-9 Cr

Poly Medicure Ltd · POLYMED

₹-270 Cr
₹-268 Cr
₹-268 Cr
₹-225 Cr
₹-225 Cr
₹-199 Cr
₹-199 Cr
₹-152 Cr
₹-153 Cr
₹-145 Cr
₹-145 Cr
₹-112 Cr
₹-112 Cr
₹-1.1K Cr
₹-1.1K Cr
₹-1.0K Cr
₹-1.0K Cr
₹-856 Cr
₹-856 Cr
₹-473 Cr

Tarsons Products Ltd · TARSONS⚠ unverified

₹51 Cr
—
—
₹-55 Cr
₹-55 Cr
₹-1 Cr
₹-1 Cr
₹52 Cr
₹52 Cr
₹99 Cr
₹99 Cr
₹252 Cr
₹246 Cr
₹281 Cr
₹281 Cr
₹314 Cr
₹313 Cr
₹365 Cr
₹365 Cr
₹368 Cr

Vasa Denticity Ltd · DENTALKART⚠ unverified

—
—
—
—
—
—
—
₹0 Cr
₹0 Cr
₹-29 Cr
—
₹-25 Cr
₹-26 Cr
—
—
₹-46 Cr
₹-46 Cr
₹-53 Cr
₹-53 Cr
₹-47 Cr
06 · compare level, then change

Return On Capital Employed

Prevest Denpro Ltd has the highest ROCE among the 6 Medical Equipment companies compared here, at 25.2%. Hemant Surgical Industries Ltd is next at 19.6%. Laxmi Dental Ltd has the highest ROCE change at -1.4 percentage points, so level and change sit with different companies. 6 of 6 companies report a comparable reading, the latest through Dec 2025.

What the numbers say: Prevest Denpro Ltd leads ROCE at 25.2%, 5.6 percentage points above Hemant Surgical Industries Ltd. Laxmi Dental Ltd has the strongest latest improvement at -1.4 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderPrevest Denpro Ltd · 25.2%
Gap28.6% versus #2 · Hemant Surgical Industries Ltd
PersistenceNot enough history
Coverage6/6 companies · 47 observations

Investor read: Prevest Denpro Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Prevest Denpro Ltd PREVEST25%
2Hemant Surgical Industries Ltd 54391620%
3Laxmi Dental Ltd LAXMIDENTL⚠ unverified15%
4Poly Medicure Ltd POLYMED14%
5Vasa Denticity Ltd DENTALKART⚠ unverified8.6%
ROCE changefastest improvers
1Laxmi Dental Ltd LAXMIDENTL⚠ unverified−1.4 pp
2Prevest Denpro Ltd PREVEST−2.0 pp
3Tarsons Products Ltd TARSONS⚠ unverified−2.6 pp
4Poly Medicure Ltd POLYMED−3.4 pp
5Vasa Denticity Ltd DENTALKART⚠ unverified−10.8 pp
Return on capital · company comparison
6/6 level · 5/6 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
Laxmi Dental Ltd LAXMIDENTL⚠ unverified11%−1.4 ppMar 2026
Poly Medicure Ltd POLYMED9.8%−3.4 ppMar 2026
Vasa Denticity Ltd DENTALKART⚠ unverified5.0%−10.8 ppMar 2026
Tarsons Products Ltd TARSONS⚠ unverified2.3%−2.6 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
15%
—
27%
40%
12%
20%
11%
15%
11%

Poly Medicure Ltd · POLYMED

—
15%
—
14%
—
14%
—
17%
—
20%
26%
20%
27%
13%
22%
13%
23%
12%
17%
9.8%

Tarsons Products Ltd · TARSONS⚠ unverified

36%
—
—
26%
—
21%
—
15%
—
12%
—
6.5%
—
4.8%
8.5%
4.9%
7.4%
3.8%
6.1%
2.3%

Vasa Denticity Ltd · DENTALKART⚠ unverified

—
—
—
—
—
—
—
16%
—
15%
—
25%
48%
27%
37%
16%
22%
11%
14%
5.0%

ROCE change · reported quarter history

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
−3.2 pp
—
−16.2 pp
−25.0 pp
−1.4 pp

Poly Medicure Ltd · POLYMED

—
—
—
—
—
−1.4 pp
—
+2.7 pp
—
+5.8 pp
—
+3.1 pp
—
−6.9 pp
−4.7 pp
−6.5 pp
−4.0 pp
−0.9 pp
−4.8 pp
−3.4 pp

Tarsons Products Ltd · TARSONS⚠ unverified

—
—
—
—
—
—
—
−10.4 pp
—
−9.3 pp
—
−8.8 pp
—
−6.8 pp
—
−1.6 pp
—
−1.0 pp
−2.4 pp
−2.6 pp

Vasa Denticity Ltd · DENTALKART⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
+8.8 pp
—
+12.3 pp
—
−9.4 pp
−26.1 pp
−16.4 pp
−22.5 pp
−10.8 pp
07 · compare level, then change

Valuation Against Growth & Quality

Poly Medicure Ltd has the lowest Guarded PEG among the 6 Medical Equipment companies compared here, at 3.87×. Prevest Denpro Ltd has the lowest P/E at 24.8×, so level and change sit with different companies. 1 of 6 companies report a comparable reading, the latest through Mar 2026. Its Guarded PEG series carries 16 reported observations across the 20-quarter window.

What the numbers say: Poly Medicure Ltd has the lowest comparable Guarded PEG at 3.87×. Only 1 of 6 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderPoly Medicure Ltd · 3.87×
GapNot enough peers
Persistence0/8 recent comparable periods
Coverage1/6 companies · 16 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Poly Medicure Ltd POLYMED3.9
P/Elowest P/E
1Prevest Denpro Ltd PREVEST24.8
2Hemant Surgical Industries Ltd 54391630.4
3Laxmi Dental Ltd LAXMIDENTL⚠ unverified35.6
4Poly Medicure Ltd POLYMED51.5
5Vasa Denticity Ltd DENTALKART⚠ unverified72.1
Valuation · company comparison
1/6 level · 6/6 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
Poly Medicure Ltd POLYMED3.935.4Mar 2026
Hemant Surgical Industries Ltd 543916—27.5Mar 2026
Tarsons Products Ltd TARSONS⚠ unverified—44.3Mar 2026
Laxmi Dental Ltd LAXMIDENTL⚠ unverified—33.1Mar 2026
Vasa Denticity Ltd DENTALKART⚠ unverified—45.5Mar 2026
Prevest Denpro Ltd PREVEST—28.8Dec 2025
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Poly Medicure Ltd · POLYMED

2.2
1.6
2.1
3.7
—
—
1.4
—
2.8
1.1
2.0
1.0
1.6
3.2
3.5
3.1
2.5
—
2.7
3.9

P/E · reported quarter history

Hemant Surgical Industries Ltd · 543916

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
42.9
—
27.5

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1.6
54.6
60.1
57.5
33.1

Poly Medicure Ltd · POLYMED

65.7
60.0
60.0
54.5
48.8
61.1
61.0
58.3
61.5
61.3
61.2
61.3
71.7
81.0
83.6
70.4
63.5
55.5
49.2
35.4

Prevest Denpro Ltd · PREVEST

—
—
1.7
1.5
28.2
40.7
32.7
25.6
39.2
33.9
30.4
25.6
37.1
45.9
44.4
31.9
35.4
36.3
28.8
—

Tarsons Products Ltd · TARSONS⚠ unverified

—
—
0.2
0.2
36.1
43.1
36.7
28.1
31.9
27.8
27.9
20.8
26.4
54.7
65.3
53.7
68.8
59.4
59.8
44.3

Vasa Denticity Ltd · DENTALKART⚠ unverified

—
—
—
—
—
—
—
—
91.8
76.9
87.7
52.1
63.5
68.7
66.8
52.7
61.5
62.0
60.3
45.5
08 · compare level, then change

Enterprise Value & Book Value

Tarsons Products Ltd has the lowest EV/EBITDA among the 6 Medical Equipment companies compared here, at 9.2×. Hemant Surgical Industries Ltd is next at 16.3×. The same company also holds the lowest P/BV, at 2.63×. 6 of 6 companies report a comparable reading, the latest through Mar 2026. Its EV/EBITDA series carries 18 reported observations across the 20-quarter window.

What the numbers say: Tarsons Products Ltd leads both ev/ebitda at 9.2× and p/bv at 2.63×.

LeaderTarsons Products Ltd · 9.2×
Gap43.6% versus #2 · Hemant Surgical Industries Ltd
Persistence0/8 recent comparable periods
Coverage6/6 companies · 74 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Tarsons Products Ltd TARSONS⚠ unverified9.2
2Hemant Surgical Industries Ltd 54391616.3
3Prevest Denpro Ltd PREVEST17.8
4Laxmi Dental Ltd LAXMIDENTL⚠ unverified18.5
5Poly Medicure Ltd POLYMED21.5
P/BVlowest P/BV
1Tarsons Products Ltd TARSONS⚠ unverified2.6
2Hemant Surgical Industries Ltd 5439163.6
3Vasa Denticity Ltd DENTALKART⚠ unverified4.3
4Prevest Denpro Ltd PREVEST4.4
5Laxmi Dental Ltd LAXMIDENTL⚠ unverified4.9
Enterprise and book valuation · company comparison
6/6 level · 6/6 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
Vasa Denticity Ltd DENTALKART⚠ unverified30.83.6Mar 2026
Poly Medicure Ltd POLYMED21.54.3Mar 2026
Laxmi Dental Ltd LAXMIDENTL⚠ unverified18.53.9Mar 2026
Prevest Denpro Ltd PREVEST17.85.0Dec 2025
Hemant Surgical Industries Ltd 54391616.32.6Mar 2026
Tarsons Products Ltd TARSONS⚠ unverified9.21.5Mar 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Hemant Surgical Industries Ltd · 543916

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
31.6
—
16.3

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
54.1
53.9
37.5
30.6
18.5

Poly Medicure Ltd · POLYMED

40.9
36.8
36.2
32.7
28.6
35.0
34.9
33.6
36.7
37.2
37.7
38.1
44.1
52.5
53.0
44.3
39.8
34.6
30.7
21.5

Prevest Denpro Ltd · PREVEST

—
—
47.5
39.9
18.6
25.7
20.5
15.1
26.6
23.0
20.8
17.5
24.6
29.9
28.5
20.0
22.8
22.7
17.8
—

Tarsons Products Ltd · TARSONS⚠ unverified

—
—
32.0
33.7
23.2
26.5
22.5
17.2
19.5
17.0
17.0
12.6
16.1
23.2
22.1
15.8
18.1
14.6
12.0
9.2

Vasa Denticity Ltd · DENTALKART⚠ unverified

—
—
—
—
—
—
—
—
83.3
70.0
73.3
41.3
46.1
49.8
49.2
38.4
42.2
43.9
42.1
30.8

P/BV · reported quarter history

Hemant Surgical Industries Ltd · 543916

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
5.4
—
2.6

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
11.7
11.4
8.4
6.5
3.9

Poly Medicure Ltd · POLYMED

19.9
9.5
9.0
8.0
7.4
7.3
7.6
8.4
10.1
10.6
10.7
11.4
14.9
14.8
9.9
8.8
14.0
7.2
6.1
4.3

Prevest Denpro Ltd · PREVEST

—
—
7.4
8.1
5.7
7.3
6.8
5.8
10.8
7.5
6.2
5.3
8.2
8.1
7.3
5.4
6.4
6.2
5.0
—

Tarsons Products Ltd · TARSONS⚠ unverified

—
—
—
13.4
7.6
8.9
7.5
5.8
6.5
5.7
5.7
4.3
5.4
3.8
3.7
2.6
3.3
2.6
2.0
1.5

Vasa Denticity Ltd · DENTALKART⚠ unverified

—
—
—
—
—
—
—
—
33.2
11.4
16.6
13.2
14.0
14.9
15.2
13.4
14.8
14.3
5.7
3.6
09 · let price answer last

Market action

Poly Medicure Ltd has the strongest one-year price move in Medical Equipment at -20%. Hemant Surgical Industries Ltd leads on Mansfield relative strength against NIFTY at +26.5%. 2 of 6 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Medical Equipment comparison names 6 specific ways its own evidence can mislead, all listed below. All 6 companies here report on comparable dates, so no rank carries a stale marker. 3 draw at least one figure from a second feed with too little overlap to cross-check. 2 of the 8 ranked sections have fewer than three usable current readings.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 3 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
  • Thin comparisons: Capital expenditure, Valuation have fewer than three usable current readings.
10 · the complete set

Which companies are included?

All 6 companies in the canonical Medical Equipment membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. 1 of these is no longer being priced, so its price and relative strength are frozen at the last traded week shown.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentalsSource standing
Poly Medicure Ltd POLYMEDAHEAD₹16.9K Cr₹1,6642026-07-19Mar 2026Cross-checked
Tarsons Products Ltd TARSONSAHEAD⚠ unverified₹1.7K Cr₹3132026-07-19Mar 2026Includes unverified figures
Laxmi Dental Ltd LAXMIDENTLAHEAD⚠ unverified₹1.2K Cr₹2162026-07-19Mar 2026Includes unverified figures
Vasa Denticity Ltd DENTALKART⚠ unverified₹738 Cr₹4252026-07-19Mar 2026Includes unverified figures
Hemant Surgical Industries Ltd 543916AHEAD21/26 WEEKS₹554 Cr₹3812026-07-19Mar 2026Primary source only
Prevest Denpro Ltd PREVEST₹510 Cr₹4252026-03-08 · not currently pricedDec 2025Primary source only
How each company's sources stand: 3 of 6 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 6 Medical Equipment companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Mar 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Mar 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing1 cross-checked · 5 unverified · 0 withheld, of 6 graded companies.

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.

Questions investors ask · short, speakable answers

Medical Equipment company comparison FAQs

These 18 answers restate the Medical Equipment comparison above in question form. Every one is computed from the same 6 companies and the same reported filings as the rankings and charts, current through Mar 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.

What is the Nifty Medical Equipment index?

The Nifty Medical Equipment index tracks India's listed Medical Equipment companies as a single basket. This page follows the same 6 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Medical Equipment sector rather than to its largest constituent. Figures are as of Mar 2026.

Which are the best Medical Equipment stocks in India?

Ranked by this page's four-factor score, Prevest Denpro Ltd places first among 6 listed Medical Equipment companies, followed by Laxmi Dental Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Medical Equipment stocks are listed in India?

This comparison covers 6 listed Medical Equipment companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Mar 2026.

Which Medical Equipment company is the biggest?

Poly Medicure Ltd is the largest, with trailing-twelve-month revenue of ₹1,876 crore, ahead of Tarsons Products Ltd at ₹423 crore. That covers 5 of 6 companies with comparable reporting through Mar 2026.

Which Medical Equipment company is growing fastest?

Prevest Denpro Ltd has the fastest revenue growth at 17.3% year on year, across 5 of 6 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Medical Equipment company has the best profit margins?

Prevest Denpro Ltd has the highest operating margin at 33.9%, from 6 of 6 comparable companies. Laxmi Dental Ltd shows the biggest recent improvement, at +2 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Medical Equipment company makes the most profit?

Poly Medicure Ltd earns the most, at ₹321 crore of trailing-twelve-month net profit, from 5 of 6 comparable companies. Prevest Denpro Ltd has the fastest profit growth at 17%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Medical Equipment company earns the highest return on capital?

Prevest Denpro Ltd leads on return on capital employed at 25.2%, across 6 of 6 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Medical Equipment stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Poly Medicure Ltd screens cheapest at 3.87×. Only 1 of 6 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Medical Equipment company has the strongest balance sheet?

Vasa Denticity Ltd carries the lowest comparable gross debt at ₹0 crore, from 6 of 6 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Medical Equipment stock has the strongest price momentum?

Hemant Surgical Industries Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Medical Equipment company scores highest for research priority?

Prevest Denpro Ltd scores 71.7 out of 100 with 73% evidence confidence, from 23.4 points on growth and earnings, 21.2 on capital efficiency, 13.8 on valuation and 13.3 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Medical Equipment companies does this comparison cover, and over what period?

It compares 6 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Medical Equipment sector?

The 6 Medical Equipment companies on this page carry ₹21,522 crore of combined market value. Poly Medicure Ltd is the largest at ₹16,866 crore, about 78% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

What is the Medical Equipment sector's P/E ratio?

The median price-to-earnings ratio across the 6 Medical Equipment companies on this page is 51.5×, measured on the 6 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.

How is the Medical Equipment sector performing?

2 of the 6 covered Medical Equipment companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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