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 ₹ 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.
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 | 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 |
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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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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 27 May
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
22 May - Lenskart scheduled investor meetings and conferences from May 25 to June 23, 2026.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 21 May
- Announcement under Regulation 30 (LODR)-Newspaper Publication 21 May
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 21 May
Annual reports
Concalls
-
May 2026Transcript PPT
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Feb 2026Transcript PPT REC
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Dec 2025TranscriptPPTREC
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Nov 2025TranscriptPPT 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.