Lenskart Solutions Ltd

Lenskart Solutions Ltd

₹ 516 -1.54%
03 Jun - close price
About

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]

Key Points

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.

  • Market Cap 89,625 Cr.
  • Current Price 516
  • High / Low 560 / 356
  • Stock P/E 184
  • Book Value 52.5
  • Dividend Yield 0.00 %
  • ROCE 8.13 %
  • ROE 6.24 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 54.5% CAGR over last 5 years

Cons

  • Stock is trading at 9.83 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 17.6%
  • Company has a low return on equity of 3.85% over last 3 years.
  • Working capital days have increased from 104 days to 165 days

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,081 1,006 1,022 1,168 1,229 1,381 1,470
919 902 923 967 1,006 1,129 1,186
Operating Profit 162 104 99 201 223 252 285
OPM % 15% 10% 10% 17% 18% 18% 19%
72 46 39 58 38 38 70
Interest 22 26 28 28 30 33 38
Depreciation 69 75 84 91 99 111 120
Profit before tax 144 49 26 140 133 147 197
Tax % 26% 25% 24% 25% 25% 26% 17%
107 37 20 104 99 109 164
EPS in Rs 13.85 0.48 0.26 1.35 1.20 0.63 0.94
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
880 1,439 2,375 3,187 4,039 5,248
920 1,475 2,271 2,890 3,584 4,266
Operating Profit -40 -36 104 297 455 981
OPM % -5% -2% 4% 9% 11% 19%
126 118 156 190 185 183
Interest 5 19 62 91 97 129
Depreciation 26 58 114 204 292 419
Profit before tax 55 6 84 192 252 616
Tax % 0% 0% -64% 25% 25% 23%
55 6 138 144 188 476
EPS in Rs 7.24 0.73 18.03 18.68 2.44 2.74
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 43%
3 Years: 30%
TTM: 30%
Compounded Profit Growth
10 Years: %
5 Years: 55%
3 Years: 52%
TTM: 257%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 4%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 15 15 15 15 154 347
Reserves 2,405 3,070 5,768 5,977 6,364 8,772
30 34 620 287 1,366 1,799
346 642 1,259 1,519 773 1,110
Total Liabilities 2,797 3,761 7,662 7,799 8,657 12,029
292 570 1,145 1,628 2,003 2,877
CWIP 3 130 129 70 106 109
Investments 851 1,053 3,333 3,549 4,187 4,664
1,652 2,008 3,055 2,552 2,361 4,379
Total Assets 2,797 3,761 7,662 7,799 8,657 12,029

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-120 -140 -52 161 366 1,028
100 -500 -2,938 253 -279 -2,739
-4 628 3,037 -373 -48 1,818
Net Cash Flow -25 -12 46 40 39 106
Free Cash Flow -209 -369 -370 -120 109 381
CFO/OP 295% 358% -40% 62% 95% 127%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 16 27 32 33 19 9
Inventory Days 227 130 147 132 204 142
Days Payable 131 98 136 94 103 101
Cash Conversion Cycle 111 59 43 70 120 51
Working Capital Days 392 177 144 83 63 165
ROCE % 1% 3% 4% 4% 8%

Insights

In beta
Mar 2023 Mar 2024 Mar 2025
Eyeglass Manufacturing Capacity Utilization
%

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In-house Frame Manufacturing
Million Units
Lenskart Gold Active Members
Million
Number of Eye Tests (India)
Million
Total Store Count (India)
Number
Total Store Count (International)
Number
Net Promoter Score (NPS) - India
Score
Digitally Influenced Sales
%
India Same-Pincode Sales Growth
%
Same Store Sales Growth (SSSG) - India
%
Store Payback Period (Average)
Months

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

69 Recently
Dec 2025Mar 2026
17.57% 17.55%
3.86% 4.26%
15.86% 15.48%
62.30% 62.30%
0.42% 0.42%
No. of Shareholders 1,28,5021,11,973

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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