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 ₹ 1,26,524 Cr.
- Current Price ₹ 727
- High / Low ₹ 767 / 389
- Stock P/E 213
- Book Value ₹ 54.4
- Dividend Yield 0.00 %
- ROCE 7.69 %
- ROE 5.97 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 52.8% CAGR over last 5 years
Cons
- Stock is trading at 13.4 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 17.5%
- Company has a low return on equity of 3.75% over last 3 years.
- Working capital days have increased from 95.6 days to 142 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 | TTM | |
|---|---|---|---|---|---|---|---|
| 880 | 1,439 | 2,375 | 3,187 | 4,039 | 5,248 | 6,039 | |
| Sales growth | +63% | +65% | +34% | +27% | +30% | +36% | |
| 920 | 1,475 | 2,271 | 2,890 | 3,584 | 4,265 | 4,859 | |
| Operating Profit | -40 | -36 | 104 | 297 | 455 | 983 | 1,180 |
| OPM % | -4.5% | -2.5% | 4.4% | 9% | 11% | 19% | 20% |
| 126 | 118 | 156 | 190 | 185 | 181 | 238 | |
| Interest | 5 | 19 | 62 | 91 | 97 | 129 | 150 |
| Depreciation | 26 | 58 | 114 | 204 | 292 | 419 | 501 |
| Profit before tax | 55 | 6 | 84 | 192 | 252 | 616 | 767 |
| Tax % | 0% | 0% | -64% | 25% | 25% | 23% | |
| 55 | 6 | 138 | 144 | 188 | 476 | 592 | |
| EPS in Rs | 0.72 | 0.07 | 1.80 | 1.87 | 2.44 | 2.74 | 3.41 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 43% |
| 3 Years: | 30% |
| TTM: | 36% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 53% |
| 3 Years: | 50% |
| TTM: | 120% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 73% |
| 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 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 154 | 347 | 348 |
| Reserves | 2,405 | 3,070 | 5,768 | 5,977 | 6,197 | 8,772 | 9,121 |
| 30 | 34 | 620 | 287 | 1,533 | 1,799 | 2,103 | |
| 346 | 642 | 1,259 | 1,519 | 773 | 1,110 | 1,335 | |
| Total Liabilities | 2,797 | 3,761 | 7,662 | 7,799 | 8,657 | 12,029 | 12,907 |
| 292 | 570 | 1,145 | 1,628 | 2,003 | 2,877 | 3,180 | |
| CWIP | 3 | 130 | 129 | 70 | 106 | 109 | 235 |
| Investments | 851 | 1,053 | 3,333 | 3,549 | 4,187 | 4,664 | 4,979 |
| 1,652 | 2,008 | 3,055 | 2,552 | 2,361 | 4,379 | 4,513 | |
| Total Assets | 2,797 | 3,761 | 7,662 | 7,799 | 8,657 | 12,029 | 12,907 |
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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 295% | 358% | -40% | 62% | 95% | 127% |
Ratios
Standalone / 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 | 211 | 151 |
| Days Payable | 131 | 98 | 136 | 94 | 107 | 107 |
| Cash Conversion Cycle | 111 | 59 | 43 | 70 | 124 | 53 |
| Working Capital Days | 392 | 177 | 144 | 83 | 63 | 142 |
| ROCE % | 1% | 3% | 4% | 4% | 8% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Eye Tests Conducted million tests |
|
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| Eyewear Units Sold million units |
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| In-house Frames Manufactured million units |
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| Lenskart Gold Active Members million members |
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| Manufacturing Capacity Utilization % |
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| Total Stores stores |
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| Remote Optometry Stores stores |
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| Same-Store Sales Growth (SSSG) - India % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- CARE report for Sept. 30, 2026 notes Rs 165.95 crore utilized from Lenskart's Rs 2,150 crore IPO proceeds.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
- Lenskart Solutions Limited has informed about Transcript of Earnings Call with respect to the Financial Results for the quarter and half-year ended September 30, 2026
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Lenskart Solutions Limited has informed about copy of Newspaper Publication on Financial Results for the quarter and half-year ended September 30, 2026
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of Q2 FY27 earnings call for quarter and half-year ended September 30, 2026 shared.
-
Announcement under Regulation 30 (LODR)-Investor Presentation
- Lenskart Solutions Limited has informed about the Earnings Call Presentation for the quarter and half-year ended September 30, 2026
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from web
-
Annual Report 2024
from web
-
Annual Report 2023
from web
Concalls
-
Nov 2026Transcript PPT REC
-
Aug 2026Transcript REC
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
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Dec 2025Transcript REC
-
Nov 2025PPT REC
Business Profile[1][2]
Lenskart is a technology-led, vertically integrated D2C eyewear company. It designs, manufactures, brands and retails prescription eyeglasses, sunglasses, contact lenses and accessories through an omnichannel network
(stores, app and website) across India and select international markets.