Lenskart Solutions Ltd
Incorporated in 2008,Lenskart Solutions is a technology-focused eyewear company involved in the design, manufacturing, branding, and retail of prescription eyeglasses, sunglasses, contact lenses, and accessories.[1]
- Market Cap ₹ 84,207 Cr.
- Current Price ₹ 485
- High / Low ₹ 544 / 356
- Stock P/E 398
- Book Value ₹ 38.8
- Dividend Yield 0.00 %
- ROCE 3.91 %
- ROE 2.19 %
- Face Value ₹ 2.00
Pros
- Debtor days have improved from 28.0 to 19.0 days.
- Company's working capital requirements have reduced from 96.5 days to 62.6 days
Cons
- Stock is trading at 12.5 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -6.26%
- Promoter holding is low: 17.6%
- Company has a low return on equity of 2.53% over last 3 years.
- Earnings include an other income of Rs.185 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Consumer Services Retailing Speciality Retail
Part of Nifty 500 Nifty Midcap 100 BSE IPO Nifty 200 BSE Allcap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 880 | 1,439 | 2,375 | 3,187 | 4,039 | |
| 920 | 1,475 | 2,271 | 2,890 | 3,584 | |
| Operating Profit | -40 | -36 | 104 | 297 | 455 |
| OPM % | -5% | -2% | 4% | 9% | 11% |
| 126 | 118 | 156 | 190 | 185 | |
| Interest | 5 | 19 | 62 | 91 | 97 |
| Depreciation | 26 | 58 | 114 | 204 | 292 |
| Profit before tax | 55 | 6 | 84 | 192 | 252 |
| Tax % | 0% | 0% | -64% | 25% | 25% |
| 55 | 6 | 138 | 144 | 188 | |
| EPS in Rs | 7.24 | 0.73 | 18.03 | 18.68 | 2.44 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 41% |
| TTM: | 27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 142% |
| TTM: | -5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | 3% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 154 | 154 |
| Reserves | 2,405 | 3,070 | 5,768 | 5,977 | 6,364 | 6,569 |
| 30 | 34 | 620 | 287 | 1,366 | 1,549 | |
| 346 | 642 | 1,259 | 1,519 | 773 | 915 | |
| Total Liabilities | 2,797 | 3,761 | 7,662 | 7,799 | 8,657 | 9,187 |
| 292 | 570 | 1,145 | 1,628 | 2,003 | 2,337 | |
| CWIP | 3 | 130 | 129 | 70 | 106 | 62 |
| Investments | 851 | 1,053 | 3,333 | 3,549 | 4,187 | 4,233 |
| 1,652 | 2,008 | 3,055 | 2,552 | 2,361 | 2,555 | |
| Total Assets | 2,797 | 3,761 | 7,662 | 7,799 | 8,657 | 9,187 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -120 | -140 | -52 | 161 | 366 | |
| 100 | -500 | -2,938 | 253 | -279 | |
| -4 | 628 | 3,037 | -373 | -48 | |
| Net Cash Flow | -25 | -12 | 46 | 40 | 39 |
| Free Cash Flow | -209 | -369 | -370 | -120 | 109 |
| CFO/OP | 295% | 358% | -40% | 62% | 95% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 16 | 27 | 32 | 33 | 19 |
| Inventory Days | 227 | 130 | 147 | 132 | 204 |
| Days Payable | 131 | 98 | 136 | 94 | 103 |
| Cash Conversion Cycle | 111 | 59 | 43 | 70 | 120 |
| Working Capital Days | 392 | 177 | 144 | 83 | 63 |
| ROCE % | 1% | 3% | 4% | 4% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Eyeglass Manufacturing Capacity Utilization % |
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| In-house Frame Manufacturing Million Units |
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| Lenskart Gold Active Members Million |
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| Number of Eye Tests (India) Million |
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| Total Store Count (India) Number |
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| Total Store Count (International) Number |
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| Net Promoter Score (NPS) - India Score |
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| Digitally Influenced Sales % |
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| India Same-Pincode Sales Growth % |
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| Same Store Sales Growth (SSSG) - India % |
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| Store Payback Period (Average) Months |
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Documents
Announcements
-
Closure of Trading Window
26 Mar - Trading window closed from April 1, 2026 until 48 hours after FY2026 audited results.
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
23 Mar - Members approved amendments to ESOP 2021 and 2025 and extension of grants; resolutions passed March 20, 2026.
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Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
23 Mar - Members approved amendments and extension of Lenskart ESOP 2021 and 2025 via postal ballot ending Mar 20, 2026.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 10 Mar
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 19 Feb
Concalls
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Feb 2026Transcript PPT REC
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Dec 2025TranscriptPPTREC
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Nov 2025TranscriptAI SummaryPPT REC
Business Profile[1][2]
Lenskart is a technology-driven, vertically integrated D2C eyewear company that designs, manufactures, brands and retails prescription eyeglasses, sunglasses, contact lenses and accessories via an omnichannel network (stores + apps + web) across India and select international markets.