Lenskart Solutions Ltd
LENSKART NSE
Lenskart Solutions Ltd
RetailNSE: LENSKART BSE: 544600 Ecommerce
Key Fundamentals
MidcapEcommerceRetailMarket Cap
1.1L Cr
Volatility
High Risk
P/E Ratio
138.12
EBITDA
₹1,927 Cr
Return on Equity
5.66%
Debt to Equity
0.35
Book Value
₹50.24
52W High
₹626.95
52W Low
₹356.1
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Lenskart Solutions Ltd insights
33 extracted metrics + investor summaries across FY20–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
2- Company is expected to give good quarter
- Company has delivered good profit growth of 74.2% CAGR over last 5 years
Weaknesses
5- Stock is trading at 12.2 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 17.5%
- Company has a low return on equity of 3.62% over last 3 years.
- Company might be capitalizing the interest cost
Growth Rate
Revenue Growth
28.23% ↗
Net Income Growth
68.52% ↗
Cash Flow Change
35.67% ↗
ROE
18.16% ↗
ROCE
16.67% ↘
EBITDA Margin (Avg.)
12.78% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 1d agoAI opinion · based on fundamentals
Risk high
Lenskart Solutions Ltd is a high-growth eyewear retailer with a market cap of ₹1,05,566 Cr, trading at a PE of 155.4x. The company has delivered 74% profit CAGR over 5 years and 37% TTM sales growth, but carries a low ROE of 3.62% over 3 years and pays no dividend despite repeated profitability.
Bull Case 8
- Exceptional revenue growth with compounded sales CAGR of 58% over 5 years and 33% over 3 years, indicating strong demand for its omnichannel eyewear model
- Compounded profit growth of 74% CAGR over 5 years demonstrates improving operating leverage and path toward sustained profitability
- TTM sales growth of 37% shows continued momentum even on a larger revenue base, suggesting the growth runway remains intact
- TTM profit growth of 77% is outpacing revenue growth, indicating margin expansion and operational efficiency gains
- 3-year compounded profit CAGR of 110% reflects a sharp turnaround from earlier loss-making years to consistent profitability
- ROE has improved from 2% (5-year average) to 4% (3-year average) to 6% last year, showing an upward trajectory in capital efficiency
- Company is expected to deliver a good upcoming quarter based on operational trends, which could further validate the growth narrative
- Large addressable market in India's underpenetrated eyewear segment with ₹1,05,566 Cr market cap providing scale advantages for store expansion and technology investments
Bear Case 8
- PE ratio of 155.4x is extremely elevated, requiring sustained high growth for years to justify current valuation and leaving little room for execution missteps
- Price-to-book ratio of 11.9x indicates the stock trades at a significant premium to its net asset value, making it vulnerable to de-rating
- 3-year average ROE of just 3.62% is very low for a company commanding such premium multiples, suggesting capital is not being deployed efficiently relative to valuation
- Promoter holding at only 17.5% is unusually low, raising concerns about alignment of interests and potential selling pressure from other large shareholders
- Zero dividend yield despite reporting repeated profits suggests either reinvestment needs remain high or free cash flow generation is limited
- Potential capitalization of interest costs could be inflating reported profits and asset values, masking the true cost structure of the business
- 5-year average ROE of just 2% indicates that the recent profitability improvement is still nascent and unproven over a full business cycle
- Absence of publicly available debt-to-equity ratio and limited financial history data creates opacity around the company's leverage and balance sheet health as a recently listed entity
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 3h ago Positives 3
- Q1FY27 profit jumps 270% YoY Aug 12
Lenskart reports consolidated net profit of ₹221.84 crore for Q1FY27, up 270% YoY. Revenue rises 43% to ₹2,714.18 crore, with board approving JV stake buyback and new Korean subsidiary.
- JV with Mingfeng for frames Jul 30
Lenskart incorporated Lenskart Metalframes Private Limited on July 30, 2026, holding 80% stake in a JV with Mingfeng Glassesworld Limited focused on metal frame manufacturing.
- Net Zero 2050 and solar push Jul 24
FY26 BRSR highlights net zero by 2050 target, 2.275 MWp solar plant operational, and 23.8 million eye tests conducted. Strengthens ESG narrative for institutional investors.
Neutral 2
- Q4FY26 earnings call scheduled Aug 3
Lenskart will host an earnings call on August 12, 2026, to discuss Q1FY27 results for the quarter ended June 30, 2026. Pre-registration required for investors.
- 18th AGM set for Aug 19 Jul 23
Lenskart Solutions will hold its 18th AGM on August 19, 2026, via video conferencing to discuss FY26 results.
TL;DR: Lenskart is delivering strong top-line and bottom-line growth with Q1FY27 profit up 270% YoY and revenue growing 43%. Strategic moves like the Mingfeng JV and Korean subsidiary signal aggressive international and supply-chain expansion. No material headwinds are visible in recent newsflow. The trend is clearly improving with momentum on both financials and global expansion.
Quarterly Results
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,736 | 1,669 | 1,728 | 1,894 | 2,096 | 2,308 | 2,516 | 2,714 |
| Expenses | 1,449 | 1,459 | 1,436 | 1,558 | 1,683 | 1,845 | 1,979 | 2,126 |
| Operating Profit | 286 | 210 | 292 | 336 | 413 | 462 | 536 | 588 |
| OPM % | 16% | 13% | 17% | 18% | 20% | 20% | 21% | 22% |
| Other Income | 70 | 32 | 212 | 42 | 33 | 35 | 49 | 69 |
| Interest | 26 | 34 | 48 | 41 | 45 | 49 | 44 | 53 |
| Depreciation | 196 | 199 | 215 | 237 | 253 | 270 | 288 | 305 |
| PBT | 134 | 8 | 241 | 100 | 148 | 178 | 254 | 300 |
| Tax % | 36% | 77% | 9% | 39% | 30% | 26% | 20% | 24% |
| Net Profit | 86 | 2 | 220 | 61 | 103 | 133 | 204 | 228 |
| EPS in Rs | 11.08 | 0.02 | 2.84 | 0.78 | 1.24 | 0.76 | 1.15 | 1.28 |
Profit & Loss
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 900 | 905 | 1,503 | 3,788 | 5,428 | 6,653 | 8,814 | 9,634 |
| Expenses | 932 | 952 | 1,617 | 3,524 | 4,748 | 5,676 | 7,060 | 7,633 |
| Operating Profit | -32 | -47 | -115 | 264 | 680 | 977 | 1,754 | 2,000 |
| OPM % | -3.6% | -5% | -8% | 7% | 13% | 15% | 20% | 21% |
| Other Income | 69 | 127 | 116 | 140 | 175 | 351 | 153 | 186 |
| Interest | 4 | 7 | 23 | 83 | 124 | 146 | 178 | 191 |
| Depreciation | 27 | 39 | 85 | 418 | 672 | 797 | 1,048 | 1,116 |
| PBT | 6 | 33 | -108 | -97 | 59 | 385 | 680 | 880 |
| Tax % | 0% | 0% | 0% | -39% | 117% | 23% | 26% | — |
| Net Profit | 6 | 29 | -102 | -64 | -10 | 297 | 501 | 668 |
| EPS in Rs | 0.83 | 3.79 | -13.39 | -8.34 | -2.26 | 3.83 | 2.84 | 4.43 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| 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 |
| Borrowings | 14 | 30 | 34 | 934 | 2,343 | 2,740 | 3,097 |
| Other Liabilities | 221 | 393 | 733 | 3,071 | 1,661 | 1,718 | 2,410 |
| Total Liabilities | 2,583 | 2,802 | 3,700 | 9,462 | 9,487 | 10,390 | 14,245 |
| Fixed Assets | 155 | 337 | 649 | 5,067 | 5,501 | 6,231 | 7,740 |
| CWIP | 1 | 5 | 133 | 134 | 71 | 107 | 112 |
| Investments | 1,353 | 841 | 1,048 | 787 | 1,003 | 1,038 | 571 |
| Other Assets | 1,074 | 1,618 | 1,869 | 3,474 | 2,912 | 3,014 | 5,822 |
| Total Assets | 2,583 | 2,802 | 3,700 | 9,462 | 9,487 | 10,390 | 14,245 |
Cash Flow
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Operating | -89 | -117 | -183 | 95 | 487 | 1,231 | 1,670 |
| Investing | -1,915 | 115 | -421 | -2,586 | 163 | -262 | -2,551 |
| Financing | 2,019 | -16 | 604 | 2,777 | -722 | -535 | 1,201 |
| Net Cash Flow | 15 | -18 | 0 | 285 | -72 | 434 | 319 |
| Free Cash Flow | -138 | -227 | -430 | -318 | 55 | 805 | 846 |
| CFO/OP | 273 | 242 | 150 | 45 | 80 | 137 | 109 |
Ratios
| 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 | 150 |
| Days Payable | 94 | 136 | 109 | 154 | 111 | 135 | 138 |
| Cash Conversion Cycle | 88 | 110 | 53 | 36 | 60 | 69 | 19 |
| Working Capital Days | 169 | 352 | 115 | 57 | 11 | -5 | 53 |
| ROCE % | — | 2% | -3% | 0% | 2% | 6% | 8% |
Documents
1
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011
7h - Alpha Wave sold 43 million Lenskart shares; holding fell to 4.67% on May 8, 2026. 7h - Alpha Wave sold 43 million Lenskart shares; holding fell to 4.67% on May 8, 2026.
2
Announcement Under Regulation 30 (LODR)- Grant Of Stock Options Under Lenskart Employee Stock Option Plan 2021
2d - Lenskart granted 3,47,000 ESOPs on May 8, 2026 at ₹389 per share. 2d - Lenskart granted 3,47,000 ESOPs on May 8, 2026 at ₹389 per share.
3
Board Meeting Intimation for Intimation Of Board Meeting
30 Apr - Board meeting on May 20, 2026 to approve audited FY26 standalone and consolidated results. 30 Apr - Board meeting on May 20, 2026 to approve audited FY26 standalone and consolidated results.
4
Board Meeting Intimation for Intimation Of Board Meeting
30 Apr - Board meeting on May 20, 2026 to approve audited FY26 standalone and consolidated results. 30 Apr - Board meeting on May 20, 2026 to approve audited FY26 standalone and consolidated results.
5
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
15 Apr - Regulation 74(5) certificate received for quarter ended March 31, 2026. 15 Apr - Regulation 74(5) certificate received for quarter ended March 31, 2026.
Frequently Asked Questions about Lenskart Solutions Ltd
What does Lenskart Solutions Ltd do?
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]
Where is Lenskart Solutions Ltd (LENSKART) listed?
Lenskart Solutions Ltd is listed on the Indian stock exchanges. It is listed on NSE: LENSKART and BSE: 544600. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Lenskart Solutions Ltd belong to?
Lenskart Solutions Ltd operates in the Retail sector within the Ecommerce industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Lenskart Solutions Ltd?
Lenskart Solutions Ltd has a market capitalisation of approximately ₹105566.42 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Lenskart Solutions Ltd?
The Price-to-Earnings (PE) ratio of Lenskart Solutions Ltd is 138.12. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Lenskart Solutions Ltd?
Over the past 52 weeks, Lenskart Solutions Ltd has traded between a low of ₹356.1 and a high of ₹626.95. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Lenskart Solutions Ltd?
Lenskart Solutions Ltd has a Return on Equity (ROE) of 5.66%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Lenskart Solutions Ltd on Tapetide?
On Tapetide, you can view Lenskart Solutions Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
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]