Lenskart Solutions Ltd.

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lenskart.comBSE: 544600NSE: LENSKART

Market Cap₹ 1,20,717 Cr.

Current Price

High / Low₹ 698 / 356

Stock P/E230.8

Book Value₹ 53

Price to Book9.56

Dividend Yield0.00 %

ROCE9.7 %

ROE6.2 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2022 • Sale of Goods: 94.5% • Membership Fee: 2.8% • 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 53.8% CAGR over last 5 years
Company is almost debt free
Company has delivered good sales growth of 42.9% CAGR over last 5 years
Latest quarter profit grew 45.1% YoY, showing strong momentum
Operating margins have improved to 19.2% from 11.0%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.92x)

CONS

A large part of profit comes from other income (32.8% of PBT)
Promoter holding has decreased over last 2 years: -8.9pp
Company has a low return on equity of 3.9% over last 3 years
Company has a low return on capital employed of 6.6%
Equity base is being diluted - shares outstanding up 2171.9%
Stock is trading at 9.6x its book value

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

Peer comparison

Consumer ServicesHealthcareMedical Equipment/Supplies/Accessories

Part ofNIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 100 NIFTY MIDCAP 150 NIFTY TOTAL MKT

S.No.	Name
1.	LENSKART	694.05	184.20	120716.54	0.00	2284.30	3634.35	27141.80	1332.69	12.55	21.70
2.	POLYMED	1723.80	55.45	17472.69	0.20	85.27	-8.39	525.38	30.30	14.05	24.11
3.	MOLBIO	1258.10	87.03	14498.34	0.00	527.44	—	4083.76	—	19.79	24.63
4.	3BBLACKBIO	1472.10	22.75	1263.45	0.34	8.98	-28.99	33.49	50.59	26.03	25.45
5.	LAXMIDENTL	200.40	35.70	1102.79	0.00	10.32	23.83	74.70	16.13	24.96	20.26
6.	GKB	66.13	10.28	33.33	0.00	1.85	387.99	33.04	2.26	8.82	7.97

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,081	1,006	1,022	1,168	1,229	1,381	1,470	1,524
	919	902	923	1,085	1,006	1,129	1,186	1,398
Operating Profit	162	104	99	82	223	252	285	126
OPM %	15.03%	10.31%	9.69%	7.03%	18.13%	18.24%	19.37%	8.28%
	72	46	39	85	38	38	70	69
Interest	22	26	28	28	30	33	38	41
Depreciation	69	75	84	91	99	111	120	131
Profit before Tax	144	49	26	140	133	147	197	195
Tax %	25.76%	24.70%	23.73%	25.33%	25.28%	25.93%	17.00%	22.43%
Net Profit	107	37	20	104	99	109	164	151
	0.64	0.22	0.11	0.62	0.59	0.64	0.95	0.88

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	159	292	474	894	880	1,439	2,375	3,187	4,039	5,248	19,325
	439	421	501	922	920	1,479	2,271	2,890	3,580	4,243	17,302
Operating Profit	-280	-129	-27	-28	-40	-40	104	297	459	1,005	2,022
OPM %	-176.50%	-44.17%	-5.68%	-3.17%	-4.53%	-2.79%	4.39%	9.32%	11.36%	19.15%	10.46%
	23	19	11	70	126	123	156	190	186	183	836
Interest	0	0	0	3	5	19	62	91	102	152	507
Depreciation	5	7	14	21	26	58	114	204	292	419	1,640
Profit before Tax	-263	-118	-30	18	55	6	84	192	252	616	2,429
Tax %	-0.00%	-0.00%	-0.00%	0.00%	0.00%	0.00%	-64.41%	24.79%	25.23%	22.80%	22.35%
Net Profit	-263	-118	-30	18	55	6	138	144	188	476	1,886
EPS	-135.80	-17.40	-4.11	1.46	3.81	0.37	8.72	18.68	2.44	2.74	—
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:: 49%
5 Years:: 43%
3 Years:: 30%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 54%
3 Years:: 51%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: 1%
5 Years:: 3%
3 Years:: 4%
Last Year:: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	-975	336	306	2,344	2,400	3,063	5,756	5,963	6,175	8,746
	1,403	7	7	35	149	367	997	975	1,267	1,634
Trade Payables	26	38	68	91	122	159	367	312	429	528
	8	24	52	90	110	157	472	501	591	657
Total Liabilities	465	418	454	2,576	2,797	3,761	7,607	7,766	8,616	11,912
	29	78	86	130	186	177	466	661	2,003	2,877
Capital Work in Progress	9	3	1	1	3	127	129	70	106	109
	290	117	19	1,357	851	1,053	3,333	3,549	4,187	4,664
	1	6	87	105	211	211	396	436	848	746
	0	0	0	0	0	0	0	286	210	134
Cash & Bank	22	22	73	126	273	70	653	566	310	778
	116	193	188	857	1,274	2,123	2,630	2,198	951	2,604
Total Assets	465	418	454	2,576	2,797	3,761	7,607	7,766	8,616	11,912

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-160	-148	-20	-101	-117	-127	-42	161	366	1,028
Cash from Investing	-263	153	29	-1,907	100	-500	-2,938	253	-279	-2,739
Cash from Financing	424	-1	0	2,024	-4	627	3,037	-373	-48	1,818
	0	2	6	15	-25	-12	46	40	39	106

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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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