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Lenskart Solutions

LENSKART NSE
₹689.70 No trade today
P/E
155.69
View as Markdown
MCP
Close 4 Nov 2026 ₹689.70 +286.60 +71.1% 1Y
Start ₹403.10

Key Fundamentals

LargecapRetailConsumer Services

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
8.08%
Debt to Equity
0.35
EPS (TTM)
₹4.43
Book Value
₹50.24
Market Cap
—
P/E (TTM)
155.69
P/B
13.73
ROE
6.33%
Dividend Yield
0.00%
EBITDA
₹1,927 Cr
52W High
₹725.00
52W Low
₹356.10
Volume
0

Peer Comparison

Consumer Discretionary › Retail › Ecommerce › Speciality Retail

Lenskart Solutions peer comparison
Trent
₹3,060.0086.05₹1,62,418 Cr21.000.13%27.70%28.30%₹22,001 Cr₹1,909 Cr
Lenskart Solutions (this company)
₹689.70155.69₹1,18,542 Cr13.730.00%6.33%8.08%₹9,634 Cr₹668 Cr
Vedant Fashions
₹496.8031.28₹12,088 Cr6.151.56%18.80%22.80%₹1,456 Cr₹386 Cr
Aditya Birla Lifestyle Brands
₹73.7150.83₹8,845 Cr6.280.68%14.90%15.00%₹8,601 Cr₹176 Cr
Aditya Vision
₹520.2548.35₹6,764 Cr8.750.24%18.70%17.10%₹2,924 Cr₹139 Cr
V2 Retail
₹149.1330.50₹5,972 Cr6.030.00%23.70%19.50%₹3,428 Cr₹177 Cr
Aditya Birla Fashion & Retail
₹40.66—₹4,837 Cr0.850.00%−13.60%−3.76%₹8,371 Cr−₹845 Cr
Median 7 companies₹496.8049.59₹8,845 Cr6.280.13%18.70%17.10%₹8,371 Cr₹177 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

57 Good

Data confidence 100/100

Category scores

Quality
54
Average
Returns, margins, earnings quality 22% weight
Valuation
14
Poor
Cheap vs sector & own history 24% weight
Growth
93
Strong
Sales & profit trajectory 9% weight
Financial Health
48
Average
Solvency, leverage, coverage 9% weight
Momentum
90
Strong
Trend strength, vol-adjusted 12% weight
Ownership
83
Strong
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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 12.9 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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish2512
OscillatorsNeutral252
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
58.26
Neutral
MACD (12,26,9)
3.64
Bullish
SMA (50)
669.74
Bullish
SMA (200)
553.55
Bullish

As of

Analyst Rating

Based on 25 analysts
BUY80%

20 of 25 analysts rate Buy, 3 Hold, 2 Sell.

As of

BUY
20
80%
HOLD
3
12%
SELL
2
8%

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+57.65%
3Y+32.51%
1Y+32.48%
TTM+37.10%

Net profit

Net profit growth by window
5Y+76.80%
3YTurned to profit
1Y+68.69%
TTM+81.03%

Operating cash flow

Operating cash flow growth by window
5YTurned positive
3Y+160.01%
1Y+35.66%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y+25.09 pp
3Y+12.93 pp
1Y+5.21 pp
TTM+4.75 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2020₹900 Cr
Mar 2021₹905 Cr
Mar 2022₹1,503 Cr
Mar 2023₹3,788 Cr
Mar 2024₹5,428 Cr
Mar 2025₹6,653 Cr
Mar 2026₹8,814 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2020₹6.00 Cr
Mar 2021₹29.00 Cr
Mar 2022−₹102 Cr
Mar 2023−₹64.00 Cr
Mar 2024−₹10.00 Cr
Mar 2025₹297 Cr
Mar 2026₹501 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹566 Cr −13.9% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk high

Lenskart Solutions Ltd trades at ₹671.05 as of 2026-11-03 with a market cap of ₹1,16,368 crore. The company has demonstrated strong profit growth of 74% CAGR over five years and 37% TTM sales growth, but the stock commands a premium valuation at a trailing P/E of 151.48 and P/B of 13.36, while return on equity remains modest at 5.66%.

Bull Case 8
  • Compounded profit growth of 74% CAGR over the last 5 years reflects a strong trajectory from losses to meaningful profitability
  • TTM sales growth of 37% indicates sustained top-line momentum in the omnichannel eyewear retail space
  • 3-year compounded sales growth of 33% shows consistency in revenue expansion beyond a single strong year
  • TTM profit growth of 77% outpaces revenue growth of 37%, suggesting improving operating leverage and margin expansion
  • Debt-to-equity ratio of 0.35 as of 2026-11-03 indicates a relatively conservative capital structure for a growth-stage retail company
  • ROE has improved from a 3-year average of 4% to 6% in the last year, signalling a positive trend in capital efficiency
  • The stock has appreciated significantly from its 52-week low of ₹356.10 to ₹671.05, reflecting strong market confidence in the business model
  • The company is expected to deliver a good upcoming quarter, which could further validate the profitability trend
Bear Case 6
  • Price-to-book ratio of 13.36 is steep for a retail business, suggesting the stock price far exceeds the tangible asset base
  • Promoter holding is low at 17.5%, which may raise concerns about alignment of interests and vulnerability to hostile actions or large block sales
  • Despite reporting repeated profits, the company pays zero dividend (yield of 0%), offering no cash return to shareholders
  • 3-year average ROE of approximately 4% and current ROE of 5.66% remain below the cost of equity for most investors, indicating inadequate return on deployed capital
  • ROCE of 7.21% as of 2026-11-03 is modest, questioning whether the business generates sufficient returns on total capital employed to justify its premium valuation
  • Possible capitalisation of interest costs could be inflating reported profits and understating the true operating expense run-rate

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Lenskart delivered a strong Q2FY27 with profit doubling, robust revenue growth of 32.5%, and meaningful margin expansion to 13.8%. Cash generation and return on capital are trending positively. The ₹13.17 crore customs duty order is a minor headwind relative to the company's scale and is being contested. The overall trajectory is firmly improving, with profitability and operating leverage strengthening quarter over quarter.

Headwinds 1
  • ₹13.17 Cr customs duty order Oct 16

    Lenskart received a customs order demanding ₹13.17 crore for eyeframe classification errors. The company plans to appeal, citing legal support, but the outcome remains uncertain.

Positives 3
  • Net profit doubles in Q2FY27 Nov 4

    Net profit surged 105.7% YoY to ₹232.45 crore in Q2FY27, while revenue from operations grew 32.5% YoY to ₹2,845.03 crore.

  • Strong EBITDA margin expansion Nov 4

    EBITDA (pre-IndAS 116) expanded 65% YoY to ₹392 crore with margins improving to 13.8% in Q2FY27.

  • Healthy cash flow and ROCE Nov 4

    H1 FY27 operating cash flow reached ₹388 crore, covering capex needs. ROCE improved to 22.5% in H1FY27 from 14.6% in FY26.

Quarterly Results

₹ Cr
LENSKART quarterly results, ₹ crore
Particulars Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
68.48
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
299
Tax %
36%
77%
9%
39%
30%
26%
20%
24%
Net Profit
86
2
220
61
103
133
204
228
EPS (₹)
11.08
0.02
2.84
0.78
1.24
0.76
1.15
1.28

Profit & Loss

₹ Cr
LENSKART profit and loss, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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 (₹)
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

₹ Cr
LENSKART balance sheet, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

₹ Cr
LENSKART cash flow, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

LENSKART financial ratios, annual
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Lenskart Solutions insights

62 extracted metrics across FY20–FY27.

Shareholding Pattern

As of Sep 2026

  • Others 35.27%
  • DIIs 26.82%
  • FIIs 18.26%
  • Promoters 17.52%
  • Public 2.13%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Lenskart Solutions

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.
Where is Lenskart Solutions Ltd (LENSKART) listed?
Lenskart Solutions Ltd trades as LENSKART on the NSE and under code 544600 on the BSE.
Which sector does Lenskart Solutions Ltd belong to?
Lenskart Solutions Ltd is classified under the Retail sector, in the Ecommerce industry.
What is the PE ratio of Lenskart Solutions Ltd?
Lenskart Solutions Ltd trades at a PE ratio of 155.69 as of 4 Nov 2026, on earnings per share of ₹4.43, against a book value of ₹50.24 per share.
What is the 52-week high and low of Lenskart Solutions Ltd?
Over the last 52 weeks Lenskart Solutions Ltd has traded between ₹356.1 and ₹725 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Lenskart Solutions Ltd?
Lenskart Solutions Ltd reported a return on equity of 6.33%. Its debt-to-equity ratio is 0.35.

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.

Website lenskart.com
Listed 10 Nov 2025
Face Value ₹2

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