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 ₹ 89,318 Cr.
- Current Price ₹ 514
- High / Low ₹ 560 / 356
- Stock P/E 178
- 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 10.2 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 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 905 | 1,503 | 3,788 | 5,428 | 6,653 | 8,814 | |
| 952 | 1,617 | 3,524 | 4,748 | 5,675 | 7,065 | |
| Operating Profit | -47 | -115 | 264 | 680 | 977 | 1,749 |
| OPM % | -5% | -8% | 7% | 13% | 15% | 20% |
| 127 | 116 | 140 | 175 | 351 | 159 | |
| Interest | 7 | 23 | 83 | 124 | 147 | 178 |
| Depreciation | 39 | 85 | 418 | 672 | 797 | 1,048 |
| Profit before tax | 33 | -108 | -97 | 59 | 385 | 680 |
| Tax % | 0% | 0% | -39% | 117% | 23% | 26% |
| 29 | -102 | -64 | -10 | 297 | 501 | |
| EPS in Rs | 3.79 | -13.39 | -8.34 | -2.26 | 3.83 | 2.84 |
| Dividend Payout % | 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 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 154 | 347 |
| Reserves | 2,363 | 2,918 | 5,441 | 5,467 | 5,777 | 8,391 |
| 30 | 34 | 934 | 2,343 | 2,740 | 3,097 | |
| 393 | 733 | 3,071 | 1,661 | 1,718 | 2,578 | |
| Total Liabilities | 2,802 | 3,700 | 9,462 | 9,487 | 10,390 | 14,413 |
| 337 | 649 | 5,067 | 5,501 | 6,231 | 7,798 | |
| CWIP | 5 | 133 | 134 | 71 | 107 | 112 |
| Investments | 841 | 1,048 | 787 | 1,003 | 1,038 | 513 |
| 1,618 | 1,869 | 3,474 | 2,912 | 3,014 | 5,991 | |
| Total Assets | 2,802 | 3,700 | 9,462 | 9,487 | 10,390 | 14,413 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -117 | -183 | 95 | 487 | 1,231 | 1,670 | |
| 115 | -421 | -2,586 | 163 | -262 | -2,725 | |
| -16 | 604 | 2,777 | -722 | -535 | 1,201 | |
| Net Cash Flow | -18 | 0 | 285 | -72 | 434 | 145 |
| Free Cash Flow | -227 | -430 | -318 | 55 | 805 | 846 |
| CFO/OP | 242% | 150% | 45% | 80% | 137% | 110% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 13 | 21 | 27 | 23 | 7 | 7 |
| Inventory Days | 233 | 141 | 163 | 148 | 198 | 138 |
| Days Payable | 136 | 109 | 154 | 111 | 135 | 127 |
| Cash Conversion Cycle | 110 | 53 | 36 | 60 | 69 | 19 |
| Working Capital Days | 352 | 115 | 57 | 11 | -5 | 67 |
| ROCE % | -3% | -0% | 2% | 6% | 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 ・Standalone data |
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| Total Store Count (India) Number ・Standalone data |
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| Total Store Count (International) Number |
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| Net Promoter Score (NPS) - India Score ・Standalone data |
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| Digitally Influenced Sales % ・Standalone data |
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| India Same-Pincode Sales Growth % ・Standalone data |
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| Same Store Sales Growth (SSSG) - India % ・Standalone data |
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| Store Payback Period (Average) Months ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
- Closure of Trading Window 9h
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 12 Jun
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
9 Jun - Lenskart acquired 3% more in Quantduo on June 9, 2026, making it a wholly-owned subsidiary.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 6 Jun
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 27 May
Annual reports
Concalls
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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.