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Lenskart Solutions Ltd (LENSKART)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544600 NSE: LENSKART Medical Equipment/Supplies/Accessories | Mid Cap | Lenskart Solutions Share Price
₹683.40 -9.80 (-1.41%)
As on 11-Sep'26 16:01
Lenskart Solutions Ltd (LENSKART)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544600 NSE: LENSKART Medical Equipment/Supplies/Accessories | Mid Cap | Lenskart Solutions Share Price
₹683.40 -9.80 (-1.41%)
As on 11-Sep'26 16:01
Key Metrics
Valuation Multiples
Market Cap
₹1,20,569 Cr.
Current Price
₹683.4
52-Week Low / High
₹356 / 698
TTM EPS
₹3.8
TTM Sales
₹9,634 Cr.
Book Value per Share
₹51.4
P/E Ratio
183.97
Lower than its 5-year historical median
Industry PE
131.9
Price to Book (P/B)
13.49
Higher than its 5-year historical median
Price to Sales (P/S)
12.52
Lower than its 5-year historical median
EV/EBITDA
54.29
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
6.85%
Outperforms industry median
Return on Capital Employed (ROCE)
12.55%
Outperforms industry median
Return on Assets (ROA)
4.07%
Operating Profit Margin
22%
Net Profit Margin
5.68%
Gross Profit Margin
19.8%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
29.92%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
78.69%
Net Profit Growth (1 Year)
-
68.48%
Asset Quality
Promoter Holding
17.53%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹8,593 Cr.
Equity
₹347.9 Cr.
Face Value
₹2
All Time Low / High
₹355.70 / 697.50
Check Before You Invest
Quality
Not GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Strong
Is Lenskart Solutions Ltd a good quality company?
Lenskart Solutions Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Lenskart Solutions Ltd performance compare with that of its Peers?
Revenue growth of Lenskart Solutions Ltd vs industry peers?
Lenskart Solutions Ltd revenue CAGR is 42.92%, compared to the industry median CAGR of 42.92%, indicating stable growth and maintaining its market share.
Promoter shareholding and pledge status of Lenskart Solutions Ltd?
Promoters hold 17.53% of the Lenskart Solutions Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Lenskart Solutions Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Lenskart Solutions Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -98.8% | -30.2% | -8.6% | 1.5% | 2.5% | 0.9% | 3.1% | 4.5% | 5.5% | 9.7% | - |
| Value Creation Index ⓘ | NA | -3.7 | -1.8 | -0.9 | -0.8 | -0.9 | -0.7 | -0.6 | -0.5 | -0.1 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 159 | 292 | 474 | 894 | 880 | 1,439 | 2,375 | 3,187 | 4,039 | 5,248 | 5,605 |
| Sales YoY Gr. | - | 84% | 62.2% | 88.4% | -1.5% | 63.5% | 65.1% | 34.2% | 26.8% | 29.9% | - |
| Adj EPS ⓘ | -13.6 | -1.8 | -0.3 | 0.1 | 0.7 | 0.1 | 1.5 | 2 | 2.4 | 2.8 | 3 |
| YoY Gr. | - | NA | NA | NA | 1340% | -86.1% | 1360% | 34.9% | 23.4% | 16.5% | - |
| BVPS (₹) ⓘ | -50.1 | 5.2 | 3.2 | 31 | 31.6 | 40.3 | 75.5 | 77.6 | 82 | 52.4 | 53.2 |
| Adj Net Profit ⓘ | -264 | -119 | -30.2 | 4.2 | 54.9 | 7.7 | 111 | 152 | 188 | 491 | 524 |
| Cash Flow from Ops. ⓘ | -160 | -151 | -23 | -102 | -120 | -139 | -52.2 | 161 | 366 | 1,028 | - |
| Debt/CF from Ops. ⓘ | -8.7 | -0 | 0 | 0 | -0.1 | -0.1 | -11.6 | 0.7 | 0.3 | 0.1 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 47.5% | 42.9% | 30.3% | 29.9% | ||||
| Adj EPS ⓘ | NA | 31.5% | 24.7% | 16.5% | ||||
| BVPSⓘ | NA | 10.6% | -11.5% | -36.2% | ||||
| Share Price | - | - | - | - | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 61 | 38.7 | -8.8 | 0.3 | 2.3 | 0.3 | 2.5 | 2.5 | 3 | 6.3 | 5.7 |
| Op. Profit Mgn % ⓘ | -176.5 | -44.2 | -5.7 | -3.2 | -4.5 | -2.5 | 4.4 | 9.7 | 11.4 | 19.2 | 18.9 |
| Net Profit Mgn % ⓘ | -165.9 | -40.8 | -6.4 | 0.5 | 6.2 | 0.5 | 4.7 | 4.8 | 4.7 | 9.4 | 9.3 |
| Debt to Equity ⓘ | -1.4 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 217 | 197 | 182 | 253 | 485 | 421 | 329 | 246 | 179 | 191 | 111 |
| Cash Conv. Cycle ⓘ | 111 | 116 | 104 | 70 | 68 | 35 | 28 | 33 | 42 | 24 | 73 |
Valuation of Lenskart Solutions - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 158 | 292 | 474 | 900 | 905 | 1,503 | 3,788 | 5,428 | 6,653 | 8,814 |
| Operating Expenses ⓘ + | 438 | 418 | 503 | 933 | 952 | 1,617 | 3,524 | 4,754 | 5,611 | 6,953 |
| Operating Profit ⓘ | -280 | -126 | -29 | -32 | -47 | -115 | 264 | 674 | 1,041 | 1,861 |
| Operating Profit Margin (%) | -176.0% | -43.2% | -6.1% | -3.6% | -5.2% | -7.6% | 7.0% | 12.4% | 15.7% | 21.1% |
| Other Income ⓘ + | 22 | 16 | 11 | 69 | 127 | 116 | 140 | 182 | 357 | 174 |
| Interest ⓘ | 0 | 0 | 0 | 4 | 7 | 23 | 83 | 124 | 212 | 286 |
| Depreciation ⓘ | 6 | 8 | 14 | 27 | 39 | 85 | 418 | 672 | 797 | 1,048 |
| Profit Before Tax ⓘ | -264 | -118 | -32 | 6 | 29 | -108 | -101 | 59 | 385 | 680 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -37 | 69 | 88 | 179 |
| Profit After Tax | -264 | -118 | -32 | 6 | 29 | -108 | -64 | -10 | 297 | 501 |
| PAT Margin (%) | -166.0% | -40.4% | -6.7% | 0.7% | 3.2% | -7.2% | -1.7% | -0.2% | 4.5% | 5.7% |
| Adjusted EPS (₹) | -13.6 | -1.7 | -0.3 | 0.1 | 0.4 | -1.3 | -0.9 | -0.2 | 3.8 | 2.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | -977 | 354 | 322 | 2,357 | 2,387 | 2,941 | 5,462 | 5,635 | 6,077 | 8,712 | |
| Debt + | 1,395 | 0 | 0 | 0 | 16 | 19 | 670 | 350 | 266 | 151 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 96 | 107 | 107 | 113 | |
| Trade Payables | 26 | 39 | 68 | 91 | 127 | 179 | 577 | 516 | 740 | 952 | |
| Others Liabilities ⓘ | 21 | 26 | 53 | 135 | 272 | 562 | 2,657 | 2,879 | 3,199 | 4,316 | |
| Total Liabilities ⓘ | 464 | 419 | 444 | 2,583 | 2,802 | 3,700 | 9,462 | 9,487 | 10,390 | 14,245 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 37 | 82 | 88 | 155 | 232 | 257 | 4,388 | 4,535 | 6,233 | 7,741 | |
| CWIP ⓘ | 9 | 3 | 1 | 1 | 5 | 133 | 134 | 71 | 107 | 112 | |
| Investments ⓘ | 290 | 117 | 17 | 1,353 | 841 | 1,048 | 788 | 1,003 | 1,038 | 571 | |
| Inventories | 3 | 6 | 87 | 106 | 217 | 232 | 611 | 688 | 1,081 | 1,037 | |
| Trade Receivables | 77 | 156 | 124 | 181 | 32 | 86 | 281 | 341 | 126 | 175 | |
| Cash Equivalents | 22 | 23 | 74 | 126 | 280 | 89 | 987 | 805 | 865 | 1,544 | |
| Others Assets ⓘ | 27 | 32 | 55 | 661 | 1,195 | 1,854 | 2,273 | 2,043 | 940 | 3,065 | |
| Total Assets ⓘ | 464 | 419 | 444 | 2,583 | 2,802 | 3,700 | 9,462 | 9,487 | 10,390 | 14,245 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -161 | -144 | -32 | -89 | -117 | -183 | 95 | 487 | 1,231 | 1,670 |
| Cash Flow From Investing Activity ⓘ + | -262 | 147 | 38 | -1,915 | 114 | -421 | -2,976 | 159 | -266 | -2,725 |
| Cash Flow From Financing Activity ⓘ + | 424 | -1 | -0 | 2,019 | -16 | 604 | 2,777 | -722 | -535 | 1,201 |
| Net Cash Flow ⓘ | 0 | 2 | 6 | 16 | -18 | 0 | -105 | -76 | 430 | 145 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | 0 | -9.33 | 0.47 | 1.23 | -4.07 | -1.52 | -0.19 | 5.23 | 6.85 |
| ROCE (%) | N/A | -30.43 | -9.26 | 0.77 | 1.52 | -3.14 | -0.38 | 2.91 | 9.48 | 12.55 |
| Asset Turnover Ratio | 0.52 | 0.66 | 1.1 | 0.59 | 0.34 | 0.46 | 0.58 | 0.57 | 0.67 | 0.72 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | -14.83 | -4.03 | N/A | N/A | N/A | 4.14 | 3.33 |
| Working Capital Days | ||||||||||
| Receivable Days | 148.70 | 145.80 | 107.70 | 61.70 | 42.80 | 14.30 | 17.70 | 20.90 | 12.80 | 6.20 |
| Inventory Days | 4.50 | 5.50 | 35.80 | 39.10 | 65.10 | 54.50 | 40.60 | 43.70 | 48.50 | 43.90 |
| Payable Days | 74.70 | 60.50 | 80.60 | 82.20 | 121.10 | 92.90 | 106.10 | 118.80 | 114.20 | 121.70 |
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Lenskart Solutions Ltd FAQs
The current trading price of Lenskart Solutions on 11-Sep-2026 16:01 is ₹683.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of Lenskart Solutions stood at ₹1,20,568.7 Cr
The latest P/E ratio of Lenskart Solutions as of 10-Sep-2026 is 230.6.
The latest P/B ratio of Lenskart Solutions as of 10-Sep-2026 is 13.04.
The 52-week high of Lenskart Solutions is ₹697.5 and the 52-week low is ₹355.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Lenskart Solutions is ₹5,605 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Lenskart Solutions Ltd is a below average quality company.
The key valuation ratios of Lenskart Solutions Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Lenskart Solutions Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
About Lenskart Solutions Ltd
Lenskart Solutions was originally incorporated as ‘Valyoo Technologies Private Limited’, as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated May 19, 2008, issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana at New Delhi. The company changed its name to ‘Lenskart Solutions Private Limited’ as part of a corporate rebranding initiative by the company, pursuant to a fresh certificate of incorporation dated May 19, 2015, issued by the RoC. Subsequently, the company was converted to a public limited company and the name of the company changed to ‘Lenskart Solutions Limited’ pursuant to a resolution passed by its Board on May 21, 2025, and resolution passed by its Shareholders on May 30, 2025 and a fresh certificate of incorporation dated June 16, 2025 was issued by the RoC.
Lenskart Solutions is a technology-driven eyewear company with integrated operations spanning designing, manufacturing, branding and retailing of eyewear products. It primarily sells prescription eyeglasses, sunglasses, and other products such as contact lenses and eyewear accessories. India is its largest market, and it is the largest seller of prescription eyeglasses among organized retailers. Leveraging its experience and capabilities in India, it has expanded into select international markets including Japan, Southeast Asia and the Middle East.
It is a direct-to-consumer company that designs and sells a wide range of eyewear products under its own brands and sub-brands. It designs its eyeglasses, both frames and lenses. It offers products across a wide range of price points and age categories, catering to the requirements of an entire household. Its brands are designed to be aspirational and appeal to a wide range of customer categories. It offers its customers a convenient purchase journey through its omnichannel retail network.
In order to provide a satisfactory customer experience, it has made a strategic choice to centralize and control the entire prescription eyeglasses supply chain, comprising lens manufacturing, lens edging, lens design, frame design, frame manufacturing and delivery. It owns and operates frame and lens design and prescription eyeglasses manufacturing facilities. This centralized manufacturing and controlled supply chain in India has allowed it to deliver quality prescription eyeglasses at affordable costs and enable next day delivery at select locations. This integrated approach also allows it to adapt its offerings based on customer feedback.
It has built a scalable and replicable model by investing in technology solutions, AI tools and automation across customer engagement, supply chain and post order fulfilment, retail store operations and internal business functions. These capabilities enable it to deliver an enhanced customer experience and drive operational efficiency at scale. Moreover, its manufacturing capabilities in India provide it with an opportunity to serve affordable eyewear to customers in international markets.
Business area of the company
Lenskart Solutions is engaged into designing, manufacturing, branding, and retailing of own-branded eyewear products. It primarily sells prescription eyeglasses, sunglasses, and other products such as contact lenses and eyewear accessories, under multiple brands and sub-brands. Its focus markets are India, Southeast Asia, Japan and the Middle East.
Products and services of the company
- Prescription Eyeglasses
- Sunglasses
- Contact Lenses
- Accessories
- Value Added Services
Awards, accreditations, and accolades
- 2021: Bronze medal at the Media Strategy Awards ‘Media Plan for TV’ category.
- 2022: Bronze medal at the Brand Disruption Awards in the ‘Best Use of ATL media’ category.
- 2022: Awarded ‘the most admired emerging tech adopter of the year’ at the images RetailME Awards.
- 2022: Gold medal at the e4m Indian Marketing Awards in the ‘Best Use of TV’ category.
- 2022: Gold medal at the Campaign Media 360 Awards in the ‘Best Use of Media - TV Sports - Hindi’ category.
- 2023: Silver medal at the e4m Indian Marketing Awards in the ‘best use of content marketing’
- 2023: Awarded ‘the most admired e-commerce company of the year’ - in the omnichannel capability category at the IMAGES Most Admired Company of The Year Awards.
- 2023: Silver medal at the Media ABBY Awards in the ‘Innovative Use of Audio Video’ category.
- 2023: Gold medal at the e4m Mobile Awards in the ‘Best Use of Mobile Integration’ category.
- 2024: ‘Startup of the Year’ award at the Economic Times Startup Awards 2024.
- 2024: Bronze medal at the Indian Marketing Awards in the ‘best Use of segmentation’ category
- 2024: Silver medal at the e4m Primetime Awards in the ‘Best Use of Influencers/Celebrities on TV’ category
- 2024: Owndays Singapore was the runner-up in the ‘Best Optical Store - Retail Chain (ROW)’ category at the You&Eye Global Opticians Awards 2024.
- 2024: Awarded as the ‘most tech-savvy and omnichannel integrated brand’ at the 600 Forward Event held in Riyadh, KSA.
- 2024: Silver medal at the e4m Primetime Awards in the ‘Best Use of Influencers/Celebrities on TV’ category.
- 2025: ‘Most Preferred Workplace 2025-26’ by Marksmen Daily.
- 2025: Recognised as ‘India’s Most Trusted Eyewear Brand of 2025’ by TRA Research.
History and milestones
- 2008: Incorporation of the company
- 2010: Launch of the Lenskart website.
- 2010: Launch of the virtual try-on feature.
- 2013: Opened its first physical store in Delhi, through Dealskart, marking its debut as an omnichannel brand.
- 2015: Launch of online mobile application.
- 2017: Set up its first manufacturing unit in Gurugram.
- 2018: Launched the Lenskart Gold membership program.
- 2019: Opened its first international store in Singapore.
- 2019: Acquisition of 51% stake in Baofeng Framekart Technology Limited, its Joint Venture incorporated in China.
- 2020: Launched Lenskart Foundation, reinforcing its mission to serve a billion eyes globally.
- 2021: Entered the United Arab Emirates market.
- 2021: Launched Lenskart Academy, an industry focused training initiative to develop skilled professionals for the eyewear and retail sectors.
- 2022: Acquired a majority stake in Japan headquartered, Japan and SEA focused eyewear business, OWNDAYS through its Subsidiary, Lenskart Solutions.
- 2023: Commenced operations in Kingdom of Saudi Arabia.
- 2023: Set up an integrated prescription eyeglass manufacturing facility in Bhiwadi (Rajasthan) which is amongst the top two vertically integrated centralised manufacturing facilities for prescription eyeglasses globally, in terms of manufacturing capacity for the Financial Year 2025.
- 2024: Introduced Owndays frames and lenses in India.
- 2024: Completion of acquisition of Dealskart.
- 2025: Groundbreaking ceremony of its Hyderabad Facility.
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