Lenskart Solutions Limited (LENSKART)

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Lenskart Solutions Limited (LENSKART) · mywealthgrid

About

Lenskart Solutions is a speciality retailer in Consumer Discretionary with market cap of ₹1,06,382 Cr. In Jun 2026, consolidated revenue reached ₹2,714 Cr with net profit of ₹228 Cr and operating margins of 21.68%.

Face value: ₹2

Market cap

₹1,20,170 Cr

P/E

183.4×

P/B

13.7×

Dividend yield

ROE

6.7%

ROCE

8.6%

Debt / equity

0.03

OPM

19.9%

EPS (TTM)

₹3.8

Book value

₹50.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

PE multiple of 162.32 is extremely elevated; verify what annual revenue growth rate would justify this valuation over the next 2-3 years. - Consolidated revenue (₹2,714 Cr, Jun 2026) is 78% above standalone (₹1,524 Cr), indicating significant off-balance or subsidiary revenue; verify what comprises this gap and any concentration or dependency risks. - ROE of 6.73% is weak; identify whether this reflects capital intensity of retail operations, recent-stage investments, or structural profitability constraints. - Speciality retail margins of 21% depend on store-unit economics and competitive positioning; verify real-estate-cost and competitive-intensity trends.

Generated analysis · source review pending

Growth drivers

Consolidated revenue expanded from ₹2,096 Cr (Sep 2025) to ₹2,714 Cr (Jun 2026)—30% growth over nine months with positive sequential growth each quarter—establishing a trajectory that, if sustained, would be the primary growth driver. - Operating margin improvement from 19.77% (Sep 2025) to 21.68% (Jun 2026) indicates improving profitability; if sustainable, this expansion could fund reinvestment or shareholder returns. - Net profit nearly doubled from ₹103 Cr (Sep 2025 consolidated) to ₹228 Cr (Jun 2026) on 30% revenue growth, showing margin expansion that could amplify future bottom-line gains if maintained.

Generated analysis · source review pending

219 historical price candles were omitted because the exchange source has not been verified.

₹691.2+2.5%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 32.5% over the last 3 years
+Almost debt-free (debt/equity 0)

Cons

−Low return on equity of 6.2% (3-yr avg)
−Expensive at 183.4× trailing earnings
−Trading at 13.7× book value
−Low promoter holding of 17.5%

Research score

Structured signal from quality, growth, valuation and momentum.

46/100

Business quality: 39
Growth: 100
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MIDCAP 150 NIFTY 200 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3,788	6,524	6,653	8,814
COGS	267	206	457	2,736
Gross profit	3,521	6,318	6,195	6,078
	—	—	—	4,330
	—	—	—	1,749
OPM %	—	—	—	19.8%
Depreciation	418	861	797	1,048
Interest	83	155	146	178
	140	359	357	159
Profit before tax	-101	458	385	680
Tax	-38	87	88	179
Tax %	-37.8%	19%	22.8%	26.4%
	-64	371	297	501
PAT margin %	-1.7%	5.7%	4.5%	5.7%
EPS (₹)	—	—	—	2.9
EPS adjusted (₹)	—	—	—	2.8
Annual report	—	—	—	Annual report for Mar 2026

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	15	15	154	347
Reserves	5,441	5,467	5,777	8,391
Minority interest	113	274	275	113
	917	497	346	220
	3,041	3,278	3,919	5,342
Total equity & liabilities	9,528	9,531	10,471	14,413
	3,557	3,720	4,123	5,026
CWIP	134	71	107	112
Investments	788	1,003	1,038	513
	5,049	4,737	5,204	8,762
Total assets	9,528	9,531	10,471	14,413

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	95	487	1,231	1,670
	-2,976	159	-266	-2,627
	2,777	-722	-535	1,201
Net cash flow	-105	-76	430	244
Free cash flow	—	—	—	841
CFO / Operating profit %	—	—	—	95.2%

Compounded sales growth

7 years: —
5 years: —
3 years: 33%
1 year: 33%

Compounded profit growth

7 years: —
5 years: —
3 years: —
1 year: 69%

Return on equity

7 years: —
5 years: —
3 years: 6%
Last year: 6%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
India	5,260.08	583.15	12,196.71	3,055.3	9,141.41	6.38
International	3,606.02	125.3

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	92.9%	96.8%	93.1%	69%
EBITDA margin %	—	—	—	19.9%
EBIT margin %	—	—	—	8%
PAT margin %	-1.7%	5.7%	4.5%	5.7%
Working capital
Receivable days	27	19	7	7
Inventory days	834	1,220	863	138
Payable days	—	—	—	127
NWC days	—	—	—	19
Leverage
Current ratio	2.46	2.28	1.94	2.26
Debt to EBITDA	—	—	—	0.13
Debt to equity	0.17	0.09	0.06	0.03
Interest coverage	-3.3	-3.2	-3	4.9
Asset turnover	0.4	0.68	0.64	0.61
Return ratios
Return on assets %	-0.7%	3.9%	2.8%	3.5%
Return on capital employed %	-3.5%	-6.3%	-5.3%	8.6%
Return on equity %	-1.2%	6.8%	5%	5.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	17.57%	17.57%	17.55%	17.53%
	59.04%	3.86%	4.26%	12.76%
	15.38%	15.86%	15.48%	23.57%
Government	0%	0%	0%	0%
	7.59%	62.29%	62.29%	45.72%
No. of shareholders	5,43,064	1,28,502	1,11,973	1,35,967

Promoter holding down 0.04 percentage points since Sep 2025.

299 deals · 8 May 2026 – 21 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
21 Sept 2026	PLATINUM JASMINE A 2018 TRUST	Bulk	NSE	Sell	3,50,00,000	₹683.02	₹2,390.57 Cr
31 Aug 2026	BLACKROCK EMERGING MARKETS FUND INC	Bulk	NSE	Buy	2,83,15,850	₹662.63	₹1,876.29 Cr
31 Aug 2026	SOCIETE GENERALE	Bulk	NSE	Sell	1,40,70,849	₹661.53	₹930.83 Cr
31 Aug 2026	INTEGRATED CORE STRATEGIES (ASIA) PTE. LTD.	Bulk	NSE	Sell	1,35,11,695	₹661.15	₹893.33 Cr
31 Aug 2026	BNP PARIBAS FINANCIAL MARKETS	Bulk	NSE	Sell	1,29,11,302	₹662.22	₹855.01 Cr
31 Aug 2026	BLACKROCK EMERGING MARKETS FUND INC	Bulk	NSE	Sell	3,07,140	₹662.53	₹20.35 Cr
31 Aug 2026	SOCIETE GENERALE	Bulk	NSE	Buy	30,305	₹662.22	₹2.01 Cr
31 Aug 2026	BNP PARIBAS FINANCIAL MARKETS	Bulk	NSE	Buy	15,056	₹655.00	₹0.99 Cr
28 Aug 2026	ALPHA WAVE VENTURES II LP	Bulk	NSE	Sell	1,04,19,555	₹630.00	₹656.43 Cr
28 Aug 2026	ALPHA WAVE VENTURES II LP	Block	NSE	Sell	1,04,19,555	₹630.00	₹656.43 Cr

1–10 of 299

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Mr. Peyush BansalExecutive Director-Chairperson related to Promoter-CEO-MD
Ms. Neha BansalExecutive Director
Mr. Amit ChaudharyExecutive Director
Mr. Anant GuptaNon-Executive - Non Independent Director
Mr. Jayesh Tulsidas MerchantNon-Executive - Independent Director
Mr. Bijou KurienNon-Executive - Independent Director
Mr. Ashish KashyapNon-Executive - Independent Director
Ms. Sayali KaranjkarNon-Executive - Independent Director
Mr. Ashish Kumar SrivastavaCompany Secretary & Chief Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 14 fund houses

Held by these funds

7.83%

of the company's equity

All mutual funds

12.2%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

83 schemes · 14 fund houses

		Shares
Aggressive Hybrid FundNEW	SBI Mutual Fund	2.3 Cr	1,523.52	1.72%	1.323%	—
Focused Fund	SBI Mutual Fund	1.77 Cr	1,174.72	2.29%	1.02%	-0
(Investment Manager for Motilal Oswal Mutual Fund)NEW	Motilal Oswal Mutual Fund	1.46 Cr	966.51	2.26%	0.839%	—
Midcap Fund	Axis Mutual Fund	1.09 Cr	720.29	2.03%	0.625%	+6.06 L
Portfolio of Kotak Mid Cap FundNEW	Kotak Mahindra Mutual Fund	1.02 Cr	676.16	0.95%	0.587%	—
Flexi Cap FundNEW	ICICI Prudential Mutual Fund	86.72 L	574.44	2.22%	0.499%	—
MultiCap Fund	SBI Mutual Fund	75 L	496.8	2.03%	0.431%	-0
Portfolio of Kotak Flexi Cap FundNEW	Kotak Mahindra Mutual Fund	60 L	397.44	0.7%	0.345%	—

1–8 of 83

1 / 11

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results12 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

49 announcementsExport CSV

19 Sept 2026, 7:29 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

13 Sept 2026, 5:26 pmCompany Update

Announcement under Regulation 30 (LODR)-Updates on Acquisition

Acquisition PDF

27 Aug 2026, 9:37 amInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

20 Aug 2026, 10:57 pmCompany Update

General Updates

General PDF

20 Aug 2026, 10:41 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

19 Aug 2026, 9:19 pmCompany Update

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Earnings Call Transcript PDF

19 Aug 2026, 9:12 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

17 Aug 2026, 9:45 pmCompany Update

Announcement under Regulation 30 (LODR)-Updates on Acquisition

Acquisition PDF

Date	Category	Subject	Filing
19 Sept 2026, 7:29 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
13 Sept 2026, 5:26 pm	Company Update Acquisition	Announcement under Regulation 30 (LODR)-Updates on Acquisition

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Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	92.9%	96.8%	93.1%	69%
EBITDA margin %	—	—	—	19.9%
EBIT margin %	—	—	—	8%
PAT margin %	-1.7%	5.7%	4.5%	5.7%
Working capital
Receivable days	27	19	7	7
Inventory days	834	1,220	863	138
Payable days	—	—	—	127
NWC days	—	—	—	19
Leverage
Current ratio	2.46	2.28	1.94	2.26
Debt to EBITDA	—	—	—	0.13
Debt to equity	0.17	0.09	0.06	0.03
Interest coverage	-3.3	-3.2	-3	4.9
Asset turnover	0.4	0.68	0.64	0.61
Return ratios
Return on assets %	-0.7%	3.9%	2.8%	3.5%
Return on capital employed %	-3.5%	-6.3%	-5.3%	8.6%
Return on equity %	-1.2%	6.8%	5%	5.7%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lenskart Solutions LimitedLENSKARTLENSKART	₹1,20,170 Cr	₹1,20,390 Cr	₹9,634 Cr	₹2,005 Cr	19.9%	₹655 Cr	5.7%	8.6%	6.7%	19
Vedant Fashions LimitedMANYAVARMANYAVAR	₹12,617 Cr	₹12,617 Cr	₹1,345 Cr	₹652 Cr	48.1%	₹403 Cr	30.3%	30.4%	27.6%	198
Aditya Birla Lifestyle Brands LimitedABLBLABLBL	₹9,085 Cr	₹9,919 Cr	₹8,601 Cr	₹1,389 Cr	16%	₹176 Cr	2%	15.6%	23.3%	59
Aditya Vision LimitedAVLAVL	₹7,388 Cr	₹7,719 Cr	₹2,924 Cr	₹263 Cr	8.5%	₹139 Cr	4.4%	23.7%	18.4%	104
V2 Retail LimitedV2RETAILV2RETAIL	₹7,343 Cr	₹7,597 Cr	₹3,432 Cr	₹508 Cr	14.9%	₹179 Cr	5.3%	22%	26%	116
Aditya Birla Fashion And Retail LimitedABFRLABFRL	₹5,435 Cr	₹7,129 Cr	₹8,371 Cr	₹675 Cr	8%	₹-779 Cr	-10.2%	-2.9%	-12.3%	68
Ss Retail LimitedSSRETAILSSRETAIL	₹5,315 Cr	—	₹2,351 Cr	₹125 Cr	5.3%	₹60 Cr	2.5%	28.7%	26.5%	—
Arvind Fashions LimitedARVINDFASNARVINDFASN	₹5,073 Cr	₹5,604 Cr	₹5,437 Cr	₹731 Cr	13.4%	₹120 Cr	3.5%	23%	12.9%	52
Purple Style Labs LimitedPERNIASPOPPERNIASPOP	₹4,363 Cr	₹4,734 Cr	₹558 Cr	₹21 Cr	3.8%	₹-285 Cr	-51.2%	-24.9%	-875.1%	131
Shankara Buildpro LimitedBUILDPROBUILDPRO	₹3,023 Cr	₹3,084 Cr	₹6,826 Cr	₹227 Cr	3.3%	₹128 Cr	1.9%	40%	23.4%	24
Baazar Style Retail LimitedSTYLEBAAZASTYLEBAAZA	₹2,803 Cr	₹3,151 Cr	₹1,950 Cr	₹279 Cr	14.4%	₹47 Cr	2.6%	9.5%	11%	86
Go Fashion (India) LimitedGOCOLORSGOCOLORS	₹1,551 Cr	₹1,551 Cr	₹838 Cr	₹229 Cr	28.3%	₹53 Cr	7.1%	11.5%	8.5%	334

Lenskart Solutions Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

1

Announcements

1

Not in the F&O segment

Announcements

Annual reports

Offer and rights documents

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

India · revenue

Lenskart Solutions Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Board meetings1

Announcements

Ratio timeline

Board meetings1

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Offer and rights documents

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

India · revenue

1

1