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 ₹ 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.
Peer comparison
Consumer Discretionary Consumer Services Retailing Speciality Retail
Part of BSE 500 BSE 200 BSE Dollex 200 Nifty 500 Nifty Midcap 100
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 |
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| 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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| Manufacturing Capacity Utilization % |
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| Remote Optometry Stores stores ・Standalone data |
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| Same-Store Sales Growth (SSSG) - India % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
8h - MacRitchie Investments sold 3.56 crore Lenskart shares, reducing combined holding to 4.75%.
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Announcement under Regulation 30 (LODR)-Joint Venture
2 Jul - Board approved amalgamation of two subsidiaries into Lenskart Solutions and JV with Mingfeng Glassesworld to manufacture metal frames.
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Announcement under Regulation 30 (LODR)-Restructuring
2 Jul - Board approved amalgamation of two subsidiaries and joint venture with Mingfeng Glassesworld for metal frame manufacturing.
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Announcement under Regulation 30 (LODR)-Restructuring
2 Jul - Board approved amalgamation of 2 subsidiaries and JV with MGL to manufacture metal spectacle frames in India.
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Board Meeting Outcome for Outcome Of Board Meeting Held On July 02, 2026
2 Jul - Board approved amalgamation of two subsidiaries and JV with Mingfeng Glassesworld to manufacture metal spectacle frames in India.
Annual reports
Concalls
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May 2026Transcript PPT REC
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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.