Lenskart Solutions Private Limited

₹300 - ₹440

Platform	Last Traded Price	Min Quantity
★★★★★☆	₹300	50
★★★★★	₹300	50
★★★★☆	₹300	50
★★★★☆☆	₹300	50
★★★★☆	₹430	50

★★★★★☆

LTP:₹300

Min Qty:50

★★★★★

LTP:₹300

Min Qty:50

★★★★☆

LTP:₹300

Min Qty:50

★★★★☆☆

LTP:₹300

Min Qty:50

★★★★☆

LTP:₹430

Min Qty:50

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.

Balance Sheet	FY2024	FY2023	FY2022	FY2021	FY2020
Equity Capital	182.38	32.52	30.16	28.94	28.90
Reserves	5,466.91	5,441.28	2,917.94	2,362.99	2,332.68
Other Equity	106.66	95.98	-	-	-
Total Equity	5755.95	5569.78	2948.10	2391.93	2361.58
Borrowings	268.11	573.81	-	-	-
Other Non-Current Liabilities	1996.92	1796.65	385.82	158.44	51.51
Total NC Liabilities	2,265.03	2,370.46	385.82	158.44	51.51
Borrowings	229.05	343.4	19.01	16.32	-
Other Current Liabilities	1280.99	1244.64	347.06	235.02	169.65
Title 10Total Current Liabilities	1,510.04	1,588.04	366.07	251.34	169.65
Equity + Liabilities	9531.02	9528.28	3699.99	2801.71	2582.74
Fixed Assets (incl. WIP)	5,571.71	5,201.29	782.40	342.71	155.80
Other Non Current Assets	522	413.65	965.34	225.76	374.94
Total NC Assets	6093.71	5614.94	1747.74	568.47	530.74
Trade Receivables	341.4	281.07	85.55	31.82	180.59
Cash & Cash Equivalents	805.2	986.66	89.46	279.84	126.30
Other Current Assets	2290.70	2645.62	1777.24	1921.57	1745.10
Total Current Assets	3,437.30	3,913.35	1,952.25	2,233.23	2,051.99
Total Assets	9531.01	9528.29	3699.99	2801.70	2582.73

Profit & Loss	FY2024	FY2023	FY2022	FY2021	FY2020
Revenue from Operations	5,427.70	3,788.03	1,502.71	905.31	900.21
Growth %	43.3%	152.1%	66.0%	0.6%	-
Operating Expenses	4,754.36	3,524.24	1,617.31	952.26	932.46
Growth %	34.9%	117.9%	69.8%	2.1%	-
Operating Profit	673.34	263.79	-114.6	-46.95	-32.25
Op. Profit Margin %	12.4%	7.0%	-7.6%	-5.2%	-3.6%
Other Income	182.17	139.95	115.6	126.93	69.26
Finance Costs	122.99	83.28	23.43	7.43	4.04
Depreciation	672.24	417.55	85.39	39.17	26.65
Profit Before Tax	60.3	-97.1	-107.8	33.4	6.3
Tax	69.19	-37.42	-	-	-
Tax %	114.8%	38.5%	-	-	-
Profit After Tax	-8.91	-59.67	-107.8	33.4	6.3
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	-107.82	33.38	6.32
Diluted EPS	0.62	4.05	-	-	-

Shareholding Pattern

Color	Shareholder	Holding
	Defati Investments Holding B.V.	7.60%
	Dove Investments Limited	68.43%
	Infinity Partners	6.07%
	Others	17.90%

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.

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

Strengths

Experienced Leadership Hires: The appointment of Abhishek Gupta (former CFO at OYO) brings strong financial leadership and is expected to enhance fiscal discipline.

Weaknesses

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 Sheet	FY2024	FY2023	FY2022	FY2021	FY2020
Equity Capital	182.38	32.52	30.16	28.94	28.90
Reserves	5,466.91	5,441.28	2,917.94	2,362.99	2,332.68
Other Equity	106.66	95.98	-	-	-
Total Equity	5755.95	5569.78	2948.10	2391.93	2361.58
Borrowings	268.11	573.81	-	-	-
Other Non-Current Liabilities	1996.92	1796.65	385.82	158.44	51.51
Total NC Liabilities	2,265.03	2,370.46	385.82	158.44	51.51
Borrowings	229.05	343.4	19.01	16.32	-
Other Current Liabilities	1280.99	1244.64	347.06	235.02	169.65
Title 10Total Current Liabilities	1,510.04	1,588.04	366.07	251.34	169.65
Equity + Liabilities	9531.02	9528.28	3699.99	2801.71	2582.74
Fixed Assets (incl. WIP)	5,571.71	5,201.29	782.40	342.71	155.80
Other Non Current Assets	522	413.65	965.34	225.76	374.94
Total NC Assets	6093.71	5614.94	1747.74	568.47	530.74
Trade Receivables	341.4	281.07	85.55	31.82	180.59
Cash & Cash Equivalents	805.2	986.66	89.46	279.84	126.30
Other Current Assets	2290.70	2645.62	1777.24	1921.57	1745.10
Total Current Assets	3,437.30	3,913.35	1,952.25	2,233.23	2,051.99
Total Assets	9531.01	9528.29	3699.99	2801.70	2582.73

Profit & Loss	FY2024	FY2023	FY2022	FY2021	FY2020
Revenue from Operations	5,427.70	3,788.03	1,502.71	905.31	900.21
Growth %	43.3%	152.1%	66.0%	0.6%	-
Operating Expenses	4,754.36	3,524.24	1,617.31	952.26	932.46
Growth %	34.9%	117.9%	69.8%	2.1%	-
Operating Profit	673.34	263.79	-114.6	-46.95	-32.25
Op. Profit Margin %	12.4%	7.0%	-7.6%	-5.2%	-3.6%
Other Income	182.17	139.95	115.6	126.93	69.26
Finance Costs	122.99	83.28	23.43	7.43	4.04
Depreciation	672.24	417.55	85.39	39.17	26.65
Profit Before Tax	60.3	-97.1	-107.8	33.4	6.3
Tax	69.19	-37.42	-	-	-
Tax %	114.8%	38.5%	-	-	-
Profit After Tax	-8.91	-59.67	-107.8	33.4	6.3
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	-107.82	33.38	6.32
Diluted EPS	0.62	4.05	-	-	-

Shareholding Pattern

Color	Shareholder	Holding
	Defati Investments Holding B.V.	7.60%
	Dove Investments Limited	68.43%
	Infinity Partners	6.07%
	Others	17.90%

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