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 ₹ 89,243 Cr.
- Current Price ₹ 514
- High / Low ₹ 560 / 356
- Stock P/E 177
- 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.
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
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Lenskart scheduled investor meetings and conferences from May 25 to June 23, 2026.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 2d
- Announcement under Regulation 30 (LODR)-Newspaper Publication 2d
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 2d
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Announcement under Regulation 30 (LODR)-Change in Management
2d - Board approved FY26 audited results, OWNDAYS investment, subsidiary merger, auditor reappointments, and ESOP allotment on May 20, 2026.
Annual reports
Concalls
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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.