Landmark Cars Ltd

Landmark Cars Ltd

₹ 660 -2.72%
31 May - close price
About

Incorporated in 1998, Landmark Cars Limited is the leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen, and Renault. The company also caters to the commercial vehicle retail business of Ashok Leyland in India.[1]

Key Points

Business Model[1]
1) Facilitating sale of used vehicles through agents on a commission basis,
2) Taking vehicles on books for sale after any needed refurbishment. The company also receives incentives from its OEMs for used vehicles traded in for new vehicles.

  • Market Cap 2,727 Cr.
  • Current Price 660
  • High / Low 905 / 657
  • Stock P/E 46.8
  • Book Value 131
  • Dividend Yield 0.34 %
  • ROCE 12.2 %
  • ROE 11.6 %
  • Face Value 5.00

Pros

  • Company has delivered good profit growth of 34.9% CAGR over last 5 years

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
837 727 800 852 876 854 694 771 959 864
785 674 749 791 811 793 650 716 894 810
Operating Profit 52 52 51 61 65 61 44 54 65 54
OPM % 6% 7% 6% 7% 7% 7% 6% 7% 7% 6%
2 4 2 -0 2 1 0 3 1 3
Interest 9 8 12 15 14 10 11 14 15 14
Depreciation 17 21 21 22 22 23 23 25 26 27
Profit before tax 28 26 20 24 31 29 10 19 25 15
Tax % 32% 26% 8% 30% 18% 17% 27% -10% 27% 29%
19 19 18 17 26 24 7 20 18 11
EPS in Rs 5.17 5.12 4.87 4.57 6.54 6.07 1.75 5.00 4.44 2.56
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,611 2,827 2,219 1,956 2,977 3,382 3,288
1,561 2,745 2,142 1,842 2,800 3,144 3,070
Operating Profit 51 82 77 114 176 238 218
OPM % 3% 3% 3% 6% 6% 7% 7%
4 7 6 6 11 4 7
Interest 17 53 45 38 35 51 53
Depreciation 13 53 63 62 70 87 101
Profit before tax 25 -18 -25 20 82 104 70
Tax % 30% -39% -17% 44% 20% 18% 18%
18 -24 -29 11 66 85 57
EPS in Rs 22.33 -31.92 -15.69 6.19 17.88 21.32 13.56
Dividend Payout % 3% 0% 0% 0% 0% 11% 11%
Compounded Sales Growth
10 Years: %
5 Years: 3%
3 Years: 19%
TTM: -3%
Compounded Profit Growth
10 Years: %
5 Years: 35%
3 Years: 65%
TTM: -35%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -4%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 20%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 8 18 18 18 18 20 21
Reserves 133 170 151 163 229 450 518
121 409 327 345 476 430 627
343 408 334 360 362 361 385
Total Liabilities 605 1,006 830 887 1,085 1,261 1,551
143 392 370 326 497 509 594
CWIP 43 0 1 2 5 6 2
Investments 0 0 10 13 17 16 16
419 614 449 546 566 730 940
Total Assets 605 1,006 830 887 1,085 1,261 1,551

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
13 55 210 76 76 71 41
-57 -38 -66 -34 -34 -72 -113
60 -28 -148 -38 -38 1 65
Net Cash Flow 16 -11 -5 5 5 -1 -8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 10 10 4 10 8 11 15
Inventory Days 58 50 43 64 48 59 78
Days Payable 61 10 11 22 21 15 16
Cash Conversion Cycle 6 50 37 52 35 55 77
Working Capital Days 5 19 5 28 20 36 58
ROCE % 8% 4% 12% 19% 20%

Shareholding Pattern

Numbers in percentages

7 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.23% 55.18% 53.05% 52.87% 51.82% 51.59%
7.75% 6.98% 10.47% 8.61% 8.40% 8.74%
7.65% 7.52% 14.29% 15.47% 15.19% 15.86%
29.38% 30.31% 22.19% 23.04% 24.58% 23.80%
No. of Shareholders 51,16927,95327,80630,36033,39736,700

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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