Lenskart Solutions Private Limited

Lenskart Solutions Private Limited

₹300 - ₹440
Unlisted Zone
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LTP:₹300
Min Qty:50
Altcase
★★★★★
LTP:₹300
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Wealth Wisdom India
★★★★☆
LTP:₹300
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Stockify
★★★★☆☆
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Altius Investech
★★★★☆
LTP:₹430
Min Qty:50
Fundamentals

Quick Insights

  • Strong Market Position: Lenskart, India’s top prescription eyewear brand, earns over 50% of revenue from essential eyewear. Its omni-channel model and global tie-ups, including Owndays, drive growth in Asia and profitability. Experienced Leadership Hires: The appointment of Abhishek Gupta (former CFO at OYO) brings strong financial leadership and is expected to enhance fiscal discipline. Strong International Growth: International operations accounted for 42% (₹2,273 crore) of total revenue in FY24. Key markets experienced strong growth: Japan (63%), Singapore (46.7%), Taiwan (55%), and Thailand (69.3%). The Owndays acquisition has played a key role in expanding the company's presence in Japan. Increased Manufacturing Capacity in India: A new $200 million plant in Southern India is under development, expected to be 10 times larger than the existing Rajasthan facility. This will significantly enhance production capacity and reduce delivery times.
Market Cap-
PE Ratio-
EPS₹0.62
Dividend Yield-
Book Value₹353.96 Cr
Debt/Equity0.09
Price/Book-
Price/Sales-
Industry PE-
Sales₹5,427.7 Cr
Profit After Tax₹-8.91 Cr
Share Capital₹182.38 Cr
Shares Outstanding-
ISININE956O01016
SectorEyeware
Symbol-
About Company

Lenskart Solutions Private Limited (LSPL) was formerly known as Valyoo Technologies Private Limited, engaged in the business of manufacturing and sales of optical and ophthalmic lenses used in spectacles, and wholesale trade and distribution of branded and private label eyeglasses, sunglasses, contact lenses, and accessories.

Latest News
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Strengths & Weaknesses

Strengths

Strong Market Position: Lenskart, India’s top prescription eyewear brand, earns over 50% of revenue from essential eyewear. Its omni-channel model and global tie-ups, including Owndays, drive growth in Asia and profitability.
Experienced Leadership Hires: The appointment of Abhishek Gupta (former CFO at OYO) brings strong financial leadership and is expected to enhance fiscal discipline.
Strong International Growth: International operations accounted for 42% (₹2,273 crore) of total revenue in FY24. Key markets experienced strong growth: Japan (63%), Singapore (46.7%), Taiwan (55%), and Thailand (69.3%). The Owndays acquisition has played a key role in expanding the company's presence in Japan.
Increased Manufacturing Capacity in India: A new $200 million plant in Southern India is under development, expected to be 10 times larger than the existing Rajasthan facility. This will significantly enhance production capacity and reduce delivery times.

Weaknesses

Consistent Net Losses: Despite rising revenues, Lenskart posted a net loss of ₹8.91 crore in FY24. Historical losses include ₹107.8 crore in FY22 and ₹59.7 crore in FY23, primarily due to high depreciation and finance costs.
Heavy Reliance on Product Sales: Approximately 95% of Lenskart’s revenue comes from product sales, highlighting a lack of diversification in income streams such as services or subscriptions.
Annual Reports

No annual reports available.

Balance SheetFY2024FY2023FY2022FY2021FY2020
Equity Capital182.3832.5230.1628.9428.90
Reserves5,466.915,441.282,917.942,362.992,332.68
Other Equity106.6695.98---
Total Equity5755.955569.782948.102391.932361.58
Borrowings268.11573.81---
Other Non-Current Liabilities1996.921796.65385.82158.4451.51
Total NC Liabilities2,265.032,370.46385.82158.4451.51
Borrowings229.05343.419.0116.32-
Other Current Liabilities1280.991244.64347.06235.02169.65
Title 10Total Current Liabilities1,510.041,588.04366.07251.34169.65
Equity + Liabilities9531.029528.283699.992801.712582.74
Fixed Assets (incl. WIP)5,571.715,201.29782.40342.71155.80
Other Non Current Assets522413.65965.34225.76374.94
Total NC Assets6093.715614.941747.74568.47530.74
Trade Receivables341.4281.0785.5531.82180.59
Cash & Cash Equivalents805.2986.6689.46279.84126.30
Other Current Assets2290.702645.621777.241921.571745.10
Total Current Assets3,437.303,913.351,952.252,233.232,051.99
Total Assets9531.019528.293699.992801.702582.73
Profit & LossFY2024FY2023FY2022FY2021FY2020
Revenue from Operations5,427.703,788.031,502.71905.31900.21
Growth %43.3%152.1%66.0%0.6%-
Operating Expenses4,754.363,524.241,617.31952.26932.46
Growth %34.9%117.9%69.8%2.1%-
Operating Profit673.34263.79-114.6-46.95-32.25
Op. Profit Margin %12.4%7.0%-7.6%-5.2%-3.6%
Other Income182.17139.95115.6126.9369.26
Finance Costs122.9983.2823.437.434.04
Depreciation672.24417.5585.3939.1726.65
Profit Before Tax60.3-97.1-107.833.46.3
Tax69.19-37.42---
Tax %114.8%38.5%---
Profit After Tax-8.91-59.67-107.833.46.3
Growth %-85.1%-44.7%-423.0%428.2%-
PAT %-0.2%-1.6%-7.2%3.7%0.7%
Profit for the Period from Continuing Operations-8.91-59.68-107.8233.386.32
Diluted EPS0.624.05---
Shareholding Pattern
ColorShareholderHolding
Defati Investments Holding B.V.7.60%
Dove Investments Limited68.43%
Infinity Partners6.07%
Others17.90%
Board of Directors
PEYUSH BANSALDirector
NEHA BANSALDirector
ANANT GUPTADirector
JAYESH TULSIDAS MERCHANTDirector
BIJOU KURIENDirector
FREDERIC JEAN EMMANUEL AZEMARDDirector
AKSHAY TANNADirector
MANAS TANDONDirector
SUMER JUNEJANominee Director
HARESH BALANI PRIBHUNominee Director
SARTHAK MISRAAlternate Director
ATUL GUPTANominee Director
MEENAKSHI SUNDARAMNominee Director
VIKAS AGNIHOTRINominee Director
VENKATESH RATNAM PEDDINominee Director
Senior Management
Peyush BansalChief Executive Officer (CEO)
Abhishek GuptaChief Financial Officer (CFO)
Gauri GuptaCompany Secretary

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