Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹120212 Cr.
Stock P/E
240
P/B
13.4
Current Price
₹691.2
Book Value
₹ 51.4
Face Value
2
52W High
₹725
52W Low
₹ 355.7
Dividend Yield
0%

Lenskart Solutions Overview

Business

Lenskart Solutions Ltd. is a leading Indian omnichannel eyewear retailer and manufacturer. The company designs, manufactures, distributes, and sells a wide range of eyewear products including prescription eyeglasses, sunglasses, contact lenses, and related accessories. Its core business model is vertically integrated, controlling the entire value chain from design to manufacturing and distribution. Lenskart operates through an integrated omnichannel strategy combining its online platform, extensive network of physical stores, and unique 'home try-on' service. It generates revenue primarily through the direct sale of its eyewear products and subscriptions to its 'Lenskart Gold' membership program, which offers discounts and benefits.

Revenue Mix

Lenskart's revenue is primarily derived from the sale of prescription glasses (frames and lenses), followed by sunglasses and contact lenses. While specific revenue contribution percentages are not publicly disclosed in detail, prescription eyewear forms the largest segment. The company operates across three main channels:

Online Platform: Sales through its website and mobile app.

Offline Retail Stores: A rapidly expanding network of exclusive brand stores across India and internationally.

Home Try-On Service: A unique model allowing customers to try frames at home before purchase.

Geographically, India is its primary market, with growing international presence in markets like Singapore, UAE, and the USA.

Industry

Lenskart operates within the broader eyewear retail market, which combines elements of fashion, healthcare, and e-commerce. The Indian eyewear market is largely unorganized and fragmented, dominated by traditional local opticians. Lenskart has positioned itself as the market leader in the organized online and omnichannel eyewear segment in India. It stands out by leveraging technology, offering a wider range of affordable and fashionable options, and providing a standardized customer experience, differentiating itself from fragmented local players and more niche premium brands.

MOAT

Lenskart possesses several durable advantages:

Brand Recognition & Trust: Strong brand recall and customer trust built through extensive marketing and service quality.

Scale & Reach: The largest organized eyewear retailer in India with a significant online presence and a rapidly expanding physical store footprint, creating economies of scale in procurement and manufacturing.

Vertical Integration: Controls design, manufacturing, and distribution, allowing for cost efficiencies, quality control, rapid product innovation, and better inventory management.

Omnichannel Strategy: Seamless integration of online and offline channels, including virtual try-on and home try-on services, providing a comprehensive and convenient customer experience that is hard for competitors to replicate.

Technology & Data: Utilizes AI for recommendations, virtual try-ons, and efficient supply chain management, enhancing customer experience and operational efficiency.

Growth Drivers

Low Market Penetration: India has a significant unaddressed need for vision correction, with low current penetration rates for organized eyewear.

Rising Disposable Incomes: Increasing affordability and willingness to spend on lifestyle and healthcare products among the growing middle class.

Digital Adoption & E-commerce Shift: Growing comfort and preference for online shopping, especially in Tier 2 and Tier 3 cities.

Geographical Expansion: Continued expansion into new cities and towns within India, as well as strategic international market growth.

Increased Screen Time: A global trend leading to a higher incidence of refractive errors and increased demand for eyewear.

Product Innovation: Continuous introduction of new designs, materials, and lens technologies to cater to evolving consumer preferences.

Risks

Intense Competition: From existing traditional opticians, other online eyewear retailers, and potential entry of large e-commerce players or global brands.

Execution Risk of Expansion: Rapid domestic and international expansion requires significant capital and effective management to maintain service quality and operational efficiency.

Customer Experience & Returns: Ensuring accurate fit and customer satisfaction for eyewear sold online, which inherently has a physical dimension, can be challenging.

Supply Chain Disruptions: Reliance on global suppliers for certain raw materials or components could lead to vulnerabilities.

Economic Downturn: Eyewear, particularly fashion-forward styles, can be considered discretionary spending, making demand susceptible to economic slowdowns.

Management & Ownership

Lenskart was co-founded by Peyush Bansal (CEO), Amit Chaudhary, and Sumeet Kapahi. Peyush Bansal is widely recognized for his entrepreneurial vision and driving Lenskart's growth through a tech-first approach and omnichannel strategy. The management team has successfully built Lenskart into a market leader. The company is backed by a diverse group of prominent institutional investors, including SoftBank Vision Fund, KKR, Temasek, PremjiInvest, Alpha Wave Global, and Epiq Capital, among others, alongside the founders who retain a substantial stake.

Outlook

Lenskart is well-positioned to capitalize on the vast underserved Indian eyewear market, driven by increasing awareness, digital penetration, and rising incomes. Its omnichannel model, vertical integration, and technological edge provide a strong foundation for continued growth and market share expansion, both domestically and internationally. However, its aggressive expansion strategy comes with execution risks, and maintaining product quality and customer service across a rapidly growing network will be crucial. Competition from both organized and unorganized sectors, coupled with potential economic volatility impacting consumer spending, remain key factors to monitor.

Lenskart Solutions Share Price

Live · BSE / NSE · Inception: 2008
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Lenskart Solutions Quarterly Results

#(Fig in Cr.) Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 1736 1669 1728 1894 2096 2308 2516 2714
Other Income 70 32 212 52 33 40 49 68
Total Income 1805 1701 1939 1946 2129 2348 2565 2783
Total Expenditure 1449 1457 1435 1558 1682 1844 1977 2126
Operating Profit 356 244 505 388 448 504 587 657
Interest 26 34 48 41 45 49 44 53
Depreciation 196 199 215 237 253 270 288 305
Exceptional Income / Expenses 0 0 0 -10 0 -5 0 0
Profit Before Tax 134 11 242 99 149 180 256 299
Provision for Tax 48 6 21 39 45 46 51 71
Profit After Tax 87 4 221 61 105 134 206 228
Adjustments -1 -3 -2 -1 -2 -3 -6 -6
Profit After Adjustments 85 2 219 60 102 131 200 222
Adjusted Earnings Per Share 1.1 0 2.8 0.8 1.3 0.8 1.2 1.3

Lenskart Solutions Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 95 158 292 474 900 905 1503 3788 5428 6653 8814 9634
Other Income 4 22 16 11 69 127 116 140 182 357 174 190
Total Income 99 180 309 486 970 1032 1618 3928 5610 7009 8988 9825
Total Expenditure 209 438 418 503 933 952 1617 3524 4754 5611 6953 7629
Operating Profit -110 -258 -110 -17 37 80 1 404 856 1398 2035 2196
Interest 0 0 0 0 4 7 23 83 124 212 286 191
Depreciation 4 6 8 14 27 39 85 418 672 797 1048 1116
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 -16 -5
Profit Before Tax -114 -264 -118 -32 6 29 -108 -101 59 385 680 884
Provision for Tax 0 0 0 0 0 0 0 -37 69 88 179 213
Profit After Tax -114 -264 -118 -32 6 29 -108 -64 -10 297 501 673
Adjustments 0 0 0 0 0 0 6 -4 -7 -2 -7 -17
Profit After Adjustments -114 -264 -118 -32 6 29 -102 -68 -17 296 494 655
Adjusted Earnings Per Share -4.7 -13.6 -1.7 -0.3 0.1 0.4 -1.3 -0.9 -0.2 3.8 2.8 4.6

Lenskart Solutions Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 108 -976 356 325 2362 2392 2948 5474 5649 6099 8739
Minority's Interest 0 0 0 0 0 0 0 96 107 107 113
Borrowings 1 1395 0 0 0 0 0 574 268 212 134
Other Non-Current Liabilities 1 9 9 9 52 158 386 1731 1952 2103 2752
Total Current Liabilities 37 37 54 110 170 251 366 1588 1510 1869 2508
Total Liabilities 147 464 419 444 2583 2802 3700 9462 9487 10390 14245
Fixed Assets 31 37 82 88 155 232 257 4388 4535 6231 7740
Other Non-Current Assets 8 23 25 39 376 336 1491 1161 1515 528 835
Total Current Assets 109 405 312 318 2052 2233 1952 3913 3437 3630 5670
Total Assets 147 464 419 444 2583 2802 3700 9462 9487 10390 14245

Lenskart Solutions Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 0 1 1 3 9 24 6 6 292 220 654
Cash Flow from Operating Activities -141 -161 -144 -32 -89 -117 -183 95 487 1231 1670
Cash Flow from Investing Activities 24 -262 147 38 -1915 114 -421 -2976 159 -266 -2725
Cash Flow from Financing Activities 117 424 -1 -0 2019 -16 604 2777 -722 -535 1201
Net Cash Inflow / Outflow 0 0 2 6 16 -18 0 -105 -76 430 145
Closing Cash & Cash Equivalent 1 1 3 9 24 6 6 292 220 654 973

Lenskart Solutions Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) -4.73 -13.62 -1.74 -0.31 0.08 0.38 -1.34 -0.89 -0.23 3.83 2.84
CEPS(Rs) -4.58 -13.31 -1.62 -0.17 0.43 0.89 -0.29 4.63 8.59 14.18 8.92
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 4.27 -50.45 5.23 3.15 30.76 31.08 38.28 71.24 70.93 76.58 50.17
Core EBITDA Margin(%) -121.12 -175.94 -43.22 -6.06 -3.6 -5.19 -7.63 6.96 12.42 15.65 21.11
EBIT Margin(%) -120.34 -165.96 -40.34 -6.65 1.15 4.02 -5.62 -0.47 3.36 8.97 10.97
Pre Tax Margin(%) -120.65 -166.1 -40.4 -6.66 0.7 3.19 -7.17 -2.67 1.09 5.79 7.72
PAT Margin (%) -120.65 -166.1 -40.4 -6.66 0.7 3.19 -7.17 -1.68 -0.19 4.47 5.68
Cash Profit Margin (%) -116.86 -162.31 -37.63 -3.7 3.66 7.52 -1.49 9.34 12.2 16.44 17.58
ROA(%) -77.48 -86.27 -26.72 -7.31 0.42 1.07 -3.32 -0.97 -0.11 2.99 4.07
ROE(%) -110.72 0 0 -9.33 0.47 1.23 -4.07 -1.52 -0.19 5.23 6.85
ROCE(%) -103.96 -99.74 -30.43 -9.26 0.77 1.52 -3.14 -0.38 2.91 9.48 12.55
Receivable days 200.97 148.74 145.8 107.7 61.69 42.82 14.25 17.66 20.93 12.82 6.22
Inventory Days 4.63 4.46 5.49 35.8 39.13 65.05 54.53 40.64 43.69 48.54 43.86
Payable days 124.62 74.68 60.48 80.61 82.23 121.12 92.88 106.08 118.83 114.17 121.67
PER(x) 0 0 0 0 0 0 0 0 0 0 176.1
Price/Book(x) 0 0 0 0 0 0 0 0 0 0 9.98
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.08 8.7 -0.03 -0.11 -0.11 -0.26 -0.03 -0.01 -0.02 -0.03 9.71
EV/Core EBITDA(x) -0.07 -5.35 0.08 3.04 -2.63 -2.93 -40.01 -0.09 -0.15 -0.14 42.06
Net Sales Growth(%) 0 67.25 84.44 62.37 89.79 0.57 65.99 152.08 43.29 22.57 32.49
EBIT Growth(%) 0 -131.4 55.27 73.27 132.86 250.8 -332.15 78.79 1119.86 227.07 61.89
PAT Growth(%) 0 -131.01 55.25 73.26 120.02 357.57 -472.77 40.87 84.07 3028.3 68.48
EPS Growth(%) 0 -188.12 87.21 82.26 126.86 356.27 -453.47 33.55 74.54 1791.13 -25.79
Debt/Equity(x) 0.01 -1.43 0 0 0 0.01 0.01 0.17 0.09 0.06 0.03
Current Ratio(x) 2.95 11.02 5.74 2.89 12.1 8.89 5.33 2.46 2.28 1.94 2.26
Quick Ratio(x) 2.91 10.94 5.62 2.1 11.47 8.02 4.7 2.08 1.82 1.36 1.85
Interest Cover(x) -389.03 -1161.7 -760.92 -670.87 2.56 4.89 -3.6 -0.21 1.48 2.82 3.38
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +32% +33% +58% +57%
Operating Profit CAGR +46% +71% +91% —
PAT CAGR +69% — +77% —
Share Price CAGR — — — —
ROE Average +7% +4% +1% -10%
ROCE Average +13% +8% +4% -20%

Lenskart Solutions Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 17.53 %
FII 12.76 %
DII (MF + Insurance) 23.57 %
Public (retail) 46.14 %
# Nov 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 17.5717.5717.5517.53
FII 59.043.864.2612.76
DII 15.1215.8515.4823.57
Public 8.2662.7262.7146.14
Others 0000
Total 100100100100

Lenskart Solutions Peer Comparison

Medical Equipment/Supplies/Accessories Edit Columns

Lenskart Solutions Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Lenskart Solutions Pros & Cons

Pros

  • Company has delivered good profit growth of 76% CAGR over last 5 years
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
  • Promoter holding is low: 17.53%.
  • Company has a low return on equity of 4% over the last 3 years.
  • Debtor days have increased from 114.17 to 121.67days.
  • Stock is trading at 13.4 times its book value.
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