Lenskart Solutions Ltd

Lenskart Solutions Ltd

₹ 538 -0.23%
14 Jul - 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 93,630 Cr.
  • Current Price 538
  • High / Low 563 / 356
  • Stock P/E 186
  • Book Value 50.3
  • Dividend Yield 0.00 %
  • ROCE 8.44 %
  • ROE 6.86 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 77.0% CAGR over last 5 years

Cons

  • Stock is trading at 10.7 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 4.02% over last 3 years.
  • Company might be capitalizing the interest cost
  • Working capital days have increased from 24.3 days to 67.0 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,736 1,669 1,728 1,894 2,096 2,308 2,516
1,449 1,459 1,436 1,558 1,683 1,845 1,979
Operating Profit 286 210 292 336 413 462 536
OPM % 16% 13% 17% 18% 20% 20% 21%
70 32 212 42 33 35 49
Interest 26 34 48 41 45 49 44
Depreciation 196 199 215 237 253 270 288
Profit before tax 134 8 241 100 148 178 254
Tax % 36% 77% 9% 39% 30% 26% 20%
86 2 220 61 103 133 204
EPS in Rs 11.08 0.02 2.84 0.78 1.24 0.76 1.15
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
900 905 1,503 3,788 5,428 6,653 8,814
932 952 1,617 3,524 4,748 5,675 7,065
Operating Profit -32 -47 -115 264 680 977 1,749
OPM % -4% -5% -8% 7% 13% 15% 20%
69 127 116 140 175 351 159
Interest 4 7 23 83 124 147 178
Depreciation 27 39 85 418 672 797 1,048
Profit before tax 6 33 -108 -97 59 385 680
Tax % 0% 0% 0% -39% 117% 23% 26%
6 29 -102 -64 -10 297 501
EPS in Rs 0.83 3.79 -13.39 -8.34 -2.26 3.83 2.84
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 58%
3 Years: 33%
TTM: 32%
Compounded Profit Growth
10 Years: %
5 Years: 77%
3 Years: 115%
TTM: 104%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 2%
3 Years: 4%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 15 15 15 15 15 154 347
Reserves 2,333 2,363 2,918 5,441 5,467 5,777 8,391
14 30 34 934 2,343 2,740 3,097
221 393 733 3,071 1,661 1,718 2,578
Total Liabilities 2,583 2,802 3,700 9,462 9,487 10,390 14,413
155 337 649 5,067 5,501 6,231 7,798
CWIP 1 5 133 134 71 107 112
Investments 1,353 841 1,048 787 1,003 1,038 513
1,074 1,618 1,869 3,474 2,912 3,014 5,991
Total Assets 2,583 2,802 3,700 9,462 9,487 10,390 14,413

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-89 -117 -183 95 487 1,231 1,670
-1,915 115 -421 -2,586 163 -262 -2,725
2,019 -16 604 2,777 -722 -535 1,201
Net Cash Flow 15 -18 0 285 -72 434 145
Free Cash Flow -138 -227 -430 -318 55 805 846
CFO/OP 273% 242% 150% 45% 80% 137% 110%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 73 13 21 27 23 7 7
Inventory Days 109 233 141 163 148 198 138
Days Payable 94 136 109 154 111 135 127
Cash Conversion Cycle 88 110 53 36 60 69 19
Working Capital Days 169 352 115 57 11 -5 67
ROCE % 2% -3% -0% 2% 6% 8%

Insights

In beta
Mar 2023 Mar 2024 Mar 2025 Mar 2026
Lenskart Gold Active Members
million members ・Standalone data

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Total Stores
stores
Eye Tests Conducted
million tests
Eyewear Units Sold
million units
In-house Frames Manufactured
million units
Manufacturing Capacity Utilization
%
Remote Optometry Stores
stores ・Standalone data
Same-Store Sales Growth (SSSG) - India
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

83 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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