Whalesbook
Brokerage firm Motilal Oswal ne Lenskart Ltd. ke liye apna price target badha kar ₹650 kar diya hai, aur saath mein 'Buy' rating bhi reaffirm ki hai. Ye upgrade company ke Q4 ke solid results aur future mein growth ke acche chances ki wajah se hai.
Omnichannel model ki wajah se Maza
Lenskart ka business model kaafi zabardast hai, especially unka integrated manufacturing aur logistics jo cost-efficiency mein madad karta hai. Unka omnichannel network bhi kaafi bada hai, jisse quality eyewear sabko easily mil paata hai. "House-of-brands" strategy alag-alag market segments ko target karti hai.
Aane wale time mein Revenue aur Profit ka Jadoo
Motilal Oswal ne Lenskart ke liye financial projections ko bhi upar kiya hai. FY27E aur FY28E ke liye revenue estimates badha di gayi hain, saath hi EBITDA aur PAT projections bhi badhaye gaye hain. Brokerage ko lagta hai ki FY26E se FY28E ke beech revenue mein 25% CAGR, EBITDA mein 42% CAGR, aur PAT mein 44% CAGR ki growth hogi. Ismein India se around 26% aur international expansion se 23% growth aayegi. Ye target price FY28E pre-IND AS EBITDA ke 55 times valuation multiple par based hai.
Valuation ka Issue?
Lekin bhai, ek chiz note karna zaroori hai ki Lenskart ka valuation apne peers ke comparison mein kaafi high hai. Iska P/E ratio industry average se kaafi zyada hai. Saath hi, pichhle teen saal mein Return on Equity (ROE) bhi thoda kam raha hai. Agar Lenskart apne growth targets ko consistently meet nahi kar paaya toh ye high valuation ek risk ban sakta hai. Kuch analyses mein profit growth aur net sales growth flat dikhai de rahi hai. ROCE around 2.3% hai.
Analysts kya bol rahe hain?
Zyadatar analysts Lenskart Solutions par 'Buy' rating de rahe hain. Unka average 12-month price target lagbhag ₹551.00 hai. Analysts ko lagta hai ki store network ka expansion aur technology par focus aage chal kar growth ko boost dega.