Lenskart Solutions share price today

Lenskart Solutions Ltd's share price was ₹718.35 at the close on 5 November 2026. It has been rising for 46 weeks. That is 26.0% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹404 and ₹718, and at that close it was at the high of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Lenskart Solutions Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 21 weeks in a row.

Over the last 1 year the share price moved +76% while the NIFTY 500 moved −8%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: foreign funds (FIIs) raised their stake for 3 quarters in a row, best operating margin in 8 quarters and promoters cut their stake for 3 quarters in a row.

1. Foreign funds (FIIs) raised their stake for 3 quarters in a row

   From 3.9% to 18.3% of the company by the September 2026 quarter.

2. Best operating margin in 8 quarters

   Operating margin was 22% in the June 2026 quarter, against 18% a year earlier.

   Why: Margins rose because making more products in-house and buying in bigger volumes cut product costs. The company also sold more higher-value products.

   Next results: check whether the new Hyderabad plant is running and helping keep product costs down.

   From the earnings call on 12 Aug 2026.

3. Promoters cut their stake for 3 quarters in a row

   From 17.6% to 17.5% of the company by the September 2026 quarter.

For July to September 2026 (the quarter ended 30 September 2026), Lenskart Solutions reported revenue of ₹2,845 crore, up 35.7% from ₹2,096 crore a year earlier, and a profit of ₹232 crore, up 125.2% from ₹103 crore.

Lenskart Solutions results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 12 August 2026, about April to June 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Lenskart Solutions closed at ₹718.35 on 5 November 2026, up 75.6% from ₹409.05 a year earlier (14 November 2025). Its highest weekly close since November 2025 was ₹718.35 on 5 November 2026.

Lenskart Solutions share price: then and now

Weekly closing prices. Each change is the move from that price to the 5 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

58 weekly closes from 14 November 2025 to 5 November 2026.

5 Nov 2026: Lenskart Solutions closed at ₹718.35, up 5.9% on the week and up 6.0% on the month. Results for July to September 2026: Revenue up 35.7% and profit up 125.2% on a year earlier.

Earlier

• 12 Aug 2026: Lenskart Solutions held its results call for April to June 2026. Management guided: India store expansion to continue while preserving same-store growth and customer experience.

Lenskart Solutions has paid no dividend on the NSE since its first NSE close in our records (14 November 2025), the start of the period we checked.

No. Lenskart Solutions Ltd paid out 0% of its profit as dividends in each of its last 7 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 12 August 2026, Lenskart Solutions' management guided: India store expansion to continue while preserving same-store growth and customer experience.

“You cannot train your way to a billion tested eyes; you have to engineer your way there.”Piyush Bansal, Co-founder & CEO, on the call for April to June 2026

What management guided

• International operating margin to improve year-on-year despite seasonal variation.
• International store additions to accelerate in selected markets as technology integration and GeoIQ analytics mature, perhaps not this year.
• Hyderabad plant and greater insourcing to continue improving the cost structure.
• Branded-lens manufacturing to expand from India into international markets based on response.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 12 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

What is changing at Lenskart Solutions, from the latest results and calls: india density-led demand, operating leverage and international profitability.

• India density-led demand. Existing-pin-code sales and new-market openings support the case that store additions are creating demand. ⚠ estimate
• Operating leverage. Revenue growth is translating into higher operating margin in the reported financials. ⚠ estimate
• International profitability. International revenue and management-reported margin improvement can widen the profit pool if supply-chain integration continues. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the April to June 2026 results, written 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

The thesis breaks if same-store demand and operating margin weaken while international profitability and Hyderabad commissioning fail to provide an offset.

Each change stops working if

• India density-led demand: New store additions begin reducing mature-store sales without compensating volume growth.
• Operating leverage: Store productivity or product margin falls before fixed costs can be absorbed.
• International profitability: International store additions accelerate before market-level profitability improves.
• Manufacturing and product mix: Hyderabad commissioning slips or currency pressure outweighs integration benefits.

The main risks

• Dilution and per-share mismatch: Profit has risen faster than earnings per share in the deterministic review, requiring confirmation of the share-count change and use of proceeds. ⚠ estimate
• Margin durability: The latest operating margin is near the available-history high, while the normalized framework says the history is too short for a mid-cycle conclusion. ⚠ estimate
• Execution intensity in capacity and stores: Cash is being reinvested heavily in stores and manufacturing, keeping free cash flow below operating cash flow. ⚠ estimate

Our read after the April to June 2026 results, written 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

When Lenskart Solutions reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: India same-store and same-pin-code sales to remain resilient as density increases - check whether newer openings continue adding demand.

Lenskart Solutions is on one of our India lists: Momentum stocks.

Lenskart Solutions Ltd earned ₹232 Cr of net profit in the Sep 2026 quarter, +125.2% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹501 Cr. Over 6 years profit has grown 109.1% a year on average. That is 8.2% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹103 Cr. 1 of the last 10 reported quarters were loss-making.

For the full year, FY26 profit was ₹501 Cr (+68.7% on the year before).

Why profit moved: revenue changed +35.7% on a year earlier and the margin moved +2.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +1,735.4% and revenue +40.7%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Lenskart Solutions Ltd reported ₹2,845 Cr of revenue in the Sep 2026 quarter, +35.7% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 6 years it has grown 46.3% a year on average. The last full year, FY26, came in at ₹8,814 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. Management reported that density rose across existing pin codes while same-pin-code sales increased, and it also identified a large pool of unserved mapped pin codes. The Geographic TAM Expansion model applies if newer stores continue adding demand without a material deterioration in mature-store sales.

The last four reported quarters add to ₹10,383 Cr.

FY26 revenue was ₹8,814 Cr, +32.5% on the year before.

Recent pace: the last four quarters grew +40.7% on average, against 46.3% a year over the longer run, so this year is growing slower than its own long-run rate.

Lenskart Solutions Ltd's operating margin was 22.0% in the Sep 2026 quarter, 2.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 7 years it has been between −8.0% and 20.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. Operating margin increased across the latest reported sequence, while management attributes the movement to product economics, lower marketing intensity and fixed-cost absorption. This is the operating-leverage catapult, but the margin history is too short to treat the latest level as through-cycle.

Why the margin moved: operating margin changed +2.1 percentage points on the year while gross margin changed +1.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years, 337% of Lenskart Solutions Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹1,670 Cr of operating cash against ₹501 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹2,562 Cr of spending on assets, free cash was −₹892 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 337% of profit came in as cash: the cash cycle got 91 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 2.1× depreciation over three years. The next section checks what that spending is building.

Lenskart Solutions Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 19 days in FY26, down from 110 days in FY21. It spent ₹5,168 Cr on assets over the last 3 years. Customers take 7 days to pay, and stock sits for 150 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Why this happened. Management identifies Hyderabad spending as the largest plant-capex use and cites manufacturing integration, vendor discounts and mix management as product-margin levers. The value-chain climb applies only when the new capacity is commissioned and converts into measured cost or mix benefits.

At FY26 sales of ₹8,814 Cr, each day of that cycle ties up about ₹24.1 Cr, so roughly ₹459 Cr is tied up in the business at any time.

FY26: customers took 7 days to pay and stock sat for 150 days, about 4.9 months of sales sitting as stock, for a full cycle of 19 days, shorter than FY21's 110.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 150 days. Customers pay about 7 days after that. Suppliers are paid at 138 days. Together that makes the 19-day cycle.

Spending on assets: ₹5,168 Cr over the last 3 years, against ₹2,517 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹112 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Lenskart Solutions Ltd's P/E is 159.0×, about the lowest it has ever been. Its usual P/E (the middle reading) is 332.6×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.

Why the multiple is where it is: over the past year earnings per share moved −25.8% while the price moved +75.6%. The price did better than earnings, which pushed the multiple up within its own range.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Lenskart Solutions Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 6 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Lenskart Solutions Ltd's story is not scored yet against the checks our research set on 22 August 2026. Where it sits in its own cycle: MID EXPANSION. Still open: The thesis breaks if same-store demand and operating margin weaken while international profitability and Hyderabad commissioning fail to provide an offset.

NOT YET CHECKED

From the price. Price stage 2, week 46, above its 200-day line.

What is not proven yet. The thesis breaks if same-store demand and operating margin weaken while international profitability and Hyderabad commissioning fail to provide an offset.

What would change our mind. The thesis breaks if same-store demand and operating margin weaken while international profitability and Hyderabad commissioning fail to provide an offset.

The test written in advance. The thesis breaks if same-store demand and operating margin weaken while international profitability and Hyderabad commissioning fail to provide an offset. Measured by: the thesis as written as stated by the next result.

The test written in advance. Dilution and per-share mismatch. Measured by: Dilution and per-share mismatch Further profit growth without a corresponding earnings-per-share recovery or a disclosed capital-use explanation. by the next result.

What the company does. Revenue and operating profit have expanded through the latest reported quarter, with the recent clean-profit sequence reducing reliance on the earlier volatile profit base. Management describes density-led India demand, international supply-chain integration and Hyderabad insourcing as the next operating levers.

The key numbers to watch, and the level that would change the picture

Everything further down this page is evidence for or against these.

What the surface reading misses. The surface reading is: Jun 2026 reported revenue was ₹2,714 crore and reported net profit was ₹228 crore.

What the surface reading misses. The surface reading is: A higher margin suggests improving profitability. The research reads it further: The margin increase coincides with higher revenue and management’s cited product economics, lower marketing intensity and fixed-cost absorption; however, the normalized framework has only a short margin history.

• 1 · Operating leveragebuilding
• 2 · Value-added mixbuilding
• 3 · Management changequiet
• 4 · Paying down debtquiet
• 5 · Regulatory approvalquiet
• 6 · Order-book winsquiet
• 7 · Consolidationquiet
• 8 · Demerger or value unlockquiet
• 9 · Buybackquiet
• 10 · New geographiesbuilding
• 11 · More business from existing customersquiet
• 12 · New product launchquiet
• 13 · Mandatory normsquiet
• 14 · A bigger market to servequiet
• 15 · Market-share gainsquiet
• 16 · Asset qualityquiet

Lever 1 · Operating leverage: building. Revenue growth is translating into higher operating margin in the reported financials. What proves it keeps working: Operating leverage. It stops working if Store productivity or product margin falls before fixed costs can be absorbed.

Lever 10 · New geographies: building. International revenue and management-reported margin improvement can widen the profit pool if supply-chain integration continues. What proves it keeps working: International profitability. It stops working if International store additions accelerate before market-level profitability improves.

Sources: our stock research file (22 August 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.

The whole page in one table. Each row links to its section.

What Lenskart Solutions Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met.

NPS assurance contradicted by subsequent decline · 12 August 2026. In Dec 2025, management made an unqualified commitment that NPS would not fall, and in Feb 2026 it described NPS of 80.9 as a record. In Aug 2026, management indicated that NPS had moderated and was only bouncing back, showing that the prior assurance was not met; the policy-communication explanation does not quantify the decline or the recovery.

Product Margin Discrepancy · 20 May 2026. In the Dec 2025 call, management celebrated structural improvements, stating that product margin had grown from 64% in FY23 to 69.2% in Q2 FY26. However, in the May 2026 call, they stated that the product margin was held steady at 64%, with a flat trajectory over the last two years due to rupee depreciation completely offsetting integration benefits.

Singapore Delivery Service Retraction · 20 May 2026. In the Dec 2025 call, management stated that they had already launched a two-hour delivery service in Singapore and experienced an amazing response. However, in the May 2026 call, they walked back this progress, indicating they are only running experiments for same-day delivery in Singapore and that it is too early to comment on goals.

Reversal on GST Impact · 11 February 2026. In the December 2025 call, management explicitly attributed the "very strong demand" in October and November to the strategy of passing GST rate cuts to consumers. However, in the February 2026 call, they contradicted this by stating the growth was "not a GST story," claiming the impact was not visible and arguing that price reductions do not drive eye test volumes. Earlier call (Dec 2025): “In fact, I would say because we passed the GST benefit to the consumers, we have seen a very, very strong demand coming from consumers in a category like ours.” Later call (Feb 2026): “But if you look at our numbers, the impact is not visible. But quarter three growth is not a GST story. At least in this quarter I we did not see GST impact.”

Every quote above is taken word for word from the company’s own earnings calls.

October to December 2025 is genuinely strong: Revenue ₹2,308 crore (+38% on a year earlier), profit ₹131 crore (up 70x from ₹2 crore), operating margin 20% (from 14.5%). 6.3M eye tests (+54% on a year earlier), 195 net new stores in Q3. India SSSG 28%.

Regulatory and governance record

(1) 70% of ₹7,278 crore IPO was OFS, SoftBank, Kedaara Capital, Alpha Wave Ventures exiting with ₹1,000 crore+ each rather than spending on company growth.

Checked 22 March 2026.

Lenskart Solutions Ltd earned a ROCE of 8% in FY26. That is up from a low of −3% in FY22. Its return on capital used (ROIC) is 2.9 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a 5.7% net margin and 0.62× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 5.7% net margin × 0.62× asset turnover × 1.63× leverage (assets divided by equity) ≈ 5.8% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 9.1% − 12.0% = −2.9 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

The 9.1% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 7.5%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Lenskart Solutions Ltd has total debt of ₹3,097 Cr against shareholder equity of ₹8,852 Cr as of Jun 2026, so its debt is 0.35× its equity. Year by year, that ratio went from 0.41 in FY25 to 0.35 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

No group of Lenskart Solutions Ltd's owners changed its stake by a full percentage point over the last 4 quarters. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

For Lenskart Solutions Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

57.5 out of 100, rank 4 of 6 in New age - Platform - E-Retail, with 70% of the evidence available.

Lenskart Solutions Ltd scores 57.5 out of 100 against the 6 companies it is compared with in New age - Platform - E-Retail, ranking 4. There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone.

The three scored parts add up to the total exactly: 33.9 + 17.3 + 6.3 = 57.5 (no relative-strength reading this week; its 20 points are shared across the other three). This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Lenskart Solutions ranks 4 of 6 New age - Platform - E-Retail companies on the 4-Factor Sector Score, with 57.5 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: New age - Platform - E-Retail, all 6 compared on one page.

Lenskart Solutions is the largest of 6 New age - Platform - E-Retail companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Meesho, FSN E-Commerce Ventures, Honasa Consumer, GNG Electronics and Brainbees Solutions.

New age - Platform - E-Retail companies close in size

1. Lenskart Solutions Ltd ₹1,24,708 crore
2. Meesho Ltd ₹1,08,076 crore
3. FSN E-Commerce Ventures Ltd ₹1,00,463 crore
4. Honasa Consumer Ltd ₹15,718 crore
5. GNG Electronics Ltd ₹8,318 crore
6. Brainbees Solutions Ltd ₹8,236 crore

All 6 New age - Platform - E-Retail companies, largest first

Companies close in size in other industries

77. LTM Ltd ₹1,25,583 crore · IT - Software
78. Indian Hotels Co Ltd ₹1,24,741 crore · Hotels
79. Lenskart Solutions Ltd ₹1,24,708 crore
80. Bharat Petroleum Corporation Ltd ₹1,23,604 crore · Refineries
81. Cummins India Ltd ₹1,23,426 crore · Gensets

Sector Alpha, written by code from the published numbers. Data as of 5 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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