Landmark Cars Ltd
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]
- Market Cap ₹ 1,552 Cr.
- Current Price ₹ 374
- High / Low ₹ 675 / 340
- Stock P/E 37.2
- Book Value ₹ 146
- Dividend Yield 0.13 %
- ROCE 9.59 %
- ROE 7.15 %
- Face Value ₹ 5.00
Pros
- Company's working capital requirements have reduced from 62.0 days to 21.6 days
Cons
- Stock is trading at 2.57 times its book value
- Company has a low return on equity of 8.92% over last 3 years.
- Dividend payout has been low at 8.39% of profits over last 3 years
- Promoter holding has decreased over last 3 years: -5.38%
* 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
Consumer Discretionary Automobile and Auto Components Automobiles Auto Dealer
Part of BSE Consumer Discretionary BSE 1000
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 695 | 765 | 658 | 561 | 681 | 484 | 599 | 666 | 800 | |
| 663 | 741 | 639 | 522 | 614 | 388 | 501 | 575 | 708 | |
| Operating Profit | 33 | 24 | 19 | 38 | 67 | 96 | 98 | 91 | 93 |
| OPM % | 5% | 3% | 3% | 7% | 10% | 20% | 16% | 14% | 12% |
| 4 | 4 | 7 | 8 | 8 | 11 | -16 | 18 | 20 | |
| Interest | 5 | 11 | 11 | 11 | 6 | 9 | 9 | 12 | 11 |
| Depreciation | 7 | 9 | 16 | 16 | 22 | 30 | 34 | 42 | 47 |
| Profit before tax | 25 | 7 | 0 | 20 | 47 | 68 | 39 | 55 | 54 |
| Tax % | 36% | 32% | 325% | 25% | 25% | 25% | 22% | 22% | 24% |
| 16 | 5 | -0 | 15 | 35 | 51 | 30 | 43 | 41 | |
| EPS in Rs | 20.44 | 6.32 | -0.10 | 8.09 | 9.55 | 12.80 | 7.39 | 10.31 | 9.94 |
| Dividend Payout % | 0% | 0% | 0% | 9% | 0% | 18% | 20% | 5% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 18% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | -7% |
| TTM: | -2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -18% |
| 1 Year: | -19% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 9% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 18 | 18 | 18 | 18 | 20 | 21 | 21 | 21 |
| Reserves | 86 | 217 | 217 | 233 | 268 | 456 | 499 | 540 | 583 |
| 132 | 145 | 147 | 99 | 68 | 67 | 90 | 97 | 116 | |
| 84 | 79 | 106 | 118 | 186 | 191 | 216 | 248 | 297 | |
| Total Liabilities | 310 | 459 | 488 | 468 | 540 | 734 | 826 | 906 | 1,017 |
| 71 | 69 | 85 | 71 | 167 | 182 | 186 | 234 | 249 | |
| CWIP | 0 | 0 | 0 | 0 | 2 | 0 | 2 | 0 | 2 |
| Investments | 4 | 142 | 157 | 177 | 183 | 203 | 240 | 304 | 401 |
| 235 | 249 | 246 | 220 | 187 | 349 | 398 | 368 | 365 | |
| Total Assets | 310 | 459 | 488 | 468 | 540 | 734 | 826 | 906 | 1,017 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 45 | 26 | 4 | 44 | 53 | 53 | -24 | 156 | 125 | |
| -31 | -15 | -14 | -26 | -42 | -157 | 4 | -124 | -80 | |
| -10 | -15 | 21 | -33 | -13 | 110 | 14 | -29 | -35 | |
| Net Cash Flow | 4 | -3 | 11 | -15 | -3 | 6 | -6 | 4 | 10 |
| Free Cash Flow | 48 | 17 | -2 | 42 | 44 | 28 | -52 | 89 | 105 |
| CFO/OP | 162% | 138% | 34% | 109% | 98% | 72% | -11% | 186% | 144% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 5 | 10 | 5 | 14 | 8 | 19 | 28 | 24 | 24 |
| Inventory Days | 68 | 60 | 71 | 70 | 50 | 166 | 225 | 162 | |
| Days Payable | 13 | 14 | 19 | 26 | 28 | 66 | 59 | 45 | |
| Cash Conversion Cycle | 60 | 56 | 57 | 57 | 30 | 119 | 194 | 141 | 24 |
| Working Capital Days | -16 | -14 | 66 | -7 | -12 | 102 | 96 | 68 | 22 |
| ROCE % | 6% | 3% | 8% | 15% | 17% | 15% | 10% | 10% |
Insights
In beta| Mar 2015 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| New Vehicle Units Sold Units |
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| Total Outlets Count |
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| Average Revenue per Vehicle Serviced INR |
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| Number of Service Turn-ins Units |
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| Average Selling Price for New Car INR |
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| Mercedes-Benz Share of National Sales % |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
2d - Submitted Annual Secretarial Compliance Report for year ended March 31, 2026; no non-compliances reported.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
27 May - Landmark Cars Limited has submitted to exchange the extract of Standalone and Consolidated audited Financial Result of the Company for the quarter and year ended …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
27 May - Audio recording of May 27, 2026 earnings conference call uploaded; transcript due later.
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Announcement Under Regulation 30 Of SEBI (LODR) -Reclassification Application Under Regulation 31A (8)
26 May - FY26 audited results approved; 30% dividend recommended; Landmark Cars (East) amalgamation approved.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
26 May - Board approved FY26 audited results, 30% dividend, WOS amalgamation, 37,000 ESOPs, and promoter reclassification request.
Annual reports
Concalls
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May 2026TranscriptAI SummaryPPT
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Feb 2024TranscriptAI SummaryPPT
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Dec 2023TranscriptPPT
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Nov 2023Transcript PPT
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Nov 2023TranscriptPPT REC
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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Mar 2023Transcript PPT
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Feb 2023TranscriptAI SummaryPPT
Business Profile[1]
Landmark Cars Limited is a leading premium and luxury automobile retailer in India, offering new vehicle sales, after-sales services, pre-owned vehicle sales, and distribution of finance & insurance products