Lenskart Solutions Ltd.

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lenskart.comBSE: 544600NSE: LENSKART

Market Cap₹ 1,20,569 Cr.

Current Price

High / Low₹ 704 / 356

Stock P/E184.0

Book Value₹ 51

Price to Book9.98

Dividend Yield0.00 %

ROCE12.6 %

ROE6.9 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2022 • Sale of Goods: 94.3% • Membership Fee: 3.1% • Trademark Licence Fee: 2.0%

AI Sector View

AI GENERATED

Consumer Services

Buy

Consumer services have a mixed operating backdrop but strong market sponsorship. Foreign tourist arrivals in India rose 6.0% YoY (2026-06), export of services grew 13.0% YoY (2026-06), and headline tourist arrivals were 584000 (Jun/26), though airport passenger traffic was -2.0% YoY (2026-06). Strong FPI inflow of INR 19847 crore over 3 months to 2026-08-31 supports a Buy stance despite some travel softness.

Confidence

73%

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PROS

Company has delivered good profit growth of 76.9% CAGR over last 5 years
Company is almost debt free
Latest quarter profit grew 273.4% YoY, showing strong momentum
Company has delivered good sales growth of 57.6% CAGR over last 5 years
Operating margins have improved to 21.1% from 10.7%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 4.30x)

CONS

Promoter holding has decreased over last 2 years: -8.9pp
Company has a low return on equity of 4.0% over last 3 years
Company has a low return on capital employed of 8.3%
A large part of profit comes from other income (25.6% of PBT)
Equity base is being diluted - shares outstanding up 2171.9%
Working capital days have increased from 97 to 131 days

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer ServicesHealthcareMedical Equipment/Supplies/Accessories

Part ofNIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 150 NIFTY MIDCAP 100 NIFTY 500

S.No.	Name
1.	LENSKART	693.20	183.97	120568.70	0.00	2284.30	3634.35	27141.80	1332.69	12.55	21.70
2.	POLYMED	1747.55	56.22	17713.42	0.20	85.27	-8.39	525.38	30.30	14.05	24.11
3.	MOLBIO	1509.70	104.43	17397.78	0.00	527.44	—	4083.76	—	19.79	24.63
4.	3BBLACKBIO	1446.40	22.36	1241.40	0.35	8.98	-28.99	33.49	50.59	26.03	25.45
5.	LAXMIDENTL	202.65	36.10	1115.17	0.00	10.32	23.83	74.70	16.13	24.96	20.26
6.	GKB	64.59	10.04	32.56	0.00	1.85	387.99	33.04	2.26	8.82	7.97

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,736	1,669	1,728	1,894	2,096	2,308	2,516	2,714
	1,449	1,457	1,435	1,837	1,682	1,844	1,977	2,484
Operating Profit	287	212	293	58	414	464	538	231
OPM %	16.51%	12.71%	16.95%	3.06%	19.77%	20.11%	21.40%	8.50%
	70	32	212	62	33	35	49	68
Interest	26	34	48	41	45	49	44	53
Depreciation	196	199	215	237	253	270	288	305
Profit before Tax	134	11	242	100	149	180	256	300
Tax %	35.49%	58.25%	8.54%	38.66%	29.88%	25.38%	19.73%	23.76%
Net Profit	0	0	0	61	103	133	204	228
	0.51	0.01	1.31	0.36	0.01	0.77	1.17	1.28

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	158	292	474	900	905	1,503	3,788	5,428	6,653	8,814	34,061
	438	418	503	933	952	1,617	3,524	4,754	5,611	6,953	30,338
Operating Profit	-280	-126	-29	-32	-47	-115	264	674	1,041	1,861	3,724
OPM %	-176.51%	-43.25%	-6.06%	-3.60%	-5.19%	-7.63%	6.96%	12.42%	15.65%	21.11%	10.93%
	22	16	11	69	127	116	140	182	357	159	802
Interest	0	0	0	4	7	23	83	124	212	286	669
Depreciation	6	8	14	27	39	85	418	672	797	1,048	3,858
Profit before Tax	-264	-118	-32	6	29	-108	-101	59	385	680	3,582
Tax %	-0.00%	-0.00%	-0.00%	0.00%	0.00%	-0.00%	36.98%	117.20%	22.84%	26.37%	23.81%
Net Profit	-264	-118	-32	6	29	-108	-64	-10	297	501	2,729
EPS	-136.29	-17.41	-4.66	0.85	1.99	-6.88	-0.43	-2.27	3.83	2.84	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 57%
5 Years:: 58%
3 Years:: 33%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 76%
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 0%
5 Years:: 1%
3 Years:: 4%
Last Year:: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4	14	20	15	15	15	15	15	154	347
Minority Interest	0	0	0	0	0	0	96	107	107	113
	-981	341	302	2,328	2,358	2,910	5,430	5,452	5,755	8,365
	1,403	7	7	48	169	398	2,246	2,130	2,207	2,785
Trade Payables	26	39	68	91	127	179	577	516	740	952
	13	19	47	100	133	198	1,098	1,266	1,425	1,682
Total Liabilities	464	419	444	2,583	2,802	3,700	9,462	9,487	10,390	14,245
	37	82	88	155	232	257	4,388	4,535	6,231	7,740
Capital Work in Progress	9	3	1	1	5	130	134	71	107	112
	290	117	17	1,353	841	1,048	788	1,003	1,038	571
	3	6	87	106	217	232	611	688	1,081	1,037
	0	0	0	0	0	0	0	341	126	175
Cash & Bank	22	23	74	126	280	89	987	805	865	1,544
	104	189	178	842	1,226	1,943	2,554	2,043	941	3,067
Total Assets	464	419	444	2,583	2,802	3,700	9,462	9,487	10,390	14,245

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-161	-141	-29	-88	-114	-171	118	487	1,231	1,670
Cash from Investing	-262	147	38	-1,915	114	-421	-2,976	159	-266	-2,725
Cash from Financing	424	-1	-0	2,019	-16	604	2,777	-722	-535	1,201
	0	2	6	16	-18	0	-105	-76	430	145

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Sep 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Nov 2025	Dec 2025	Mar 2026	Jun 2026
	26.45	23.55	23.47	23.05	22.20	17.57	17.57	17.55	17.53
	0.00	0.00	0.00	0.00	0.00	59.04	3.86	4.26	12.76
	8.94	0.00	0.00	0.00	0.00	15.13	15.85	15.48	23.56
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	8.23	25.19	25.18	76.95	77.81	8.26	62.72	62.71	46.14

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-20

General Updates

2026-08-20 - Lenskart Solutions Limited has informed the Exchange about General Updates

2026-08-20

Shareholders meeting

2026-08-20 - Lenskart Solutions Limited has submitted the Exchange a copy Srutinizers report of 18th Annual General Meeting held on August 19, 2026. Further, the Company has informed the Exchange regarding voting results.

2026-08-19

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-19 - Lenskart Solutions Limited has informed the Exchange about Transcript of Earnings Call with respect to Financial Results for the quarter ended June 30, 2026

2026-08-19

Shareholders meeting

2026-08-19 - Lenskart Solutions Limited has informed the Exchange regarding Proceedings of 18th Annual General Meeting held on August 19, 2026

2026-08-17

Acquisition

2026-08-17 - Lenskart Solutions Limited has informed the Exchange about the incorporation of step-down subsidiary i.e. Wenzhou Framekart Trade Co., Ltd in People's Republic of China

2026-08-13

Monitoring Agency Report

2026-08-13 - LENSKART: Lenskart Solutions Limited has informed the Exchange about the Monitoring Agency Report for the quarter ended June 30, 2026

2026-08-13

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-13 - Lenskart Solutions Limited has informed the Exchange about audio recording of Earnings Call with respect to Financial Results for the quarter ended June 30, 2026

2026-08-13

Copy of Newspaper Publication

2026-08-13 - Lenskart Solutions Limited has informed the Exchange about Copy of Newspaper Publication on Financial Results for the quarter ended June 30, 2026

2026-08-13

Copy of Newspaper Publication

2026-08-13 - Lenskart Solutions Limited has informed the Exchange about Copy of Newspaper Publication on Financial Results for the quarter ended June 30, 2026

News

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