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 ₹ 2,181 Cr.
- Current Price ₹ 525
- High / Low ₹ 703 / 306
- Stock P/E 60.5
- Book Value ₹ 139
- Dividend Yield 0.10 %
- ROCE 10.5 %
- ROE 7.90 %
- Face Value ₹ 5.00
Pros
- Company's working capital requirements have reduced from 88.7 days to 68.4 days
Cons
- Stock is trading at 3.77 times its book value
- Promoter holding has decreased over last quarter: -1.75%
- The company has delivered a poor sales growth of 0.22% over past five years.
- Company has a low return on equity of 10.9% over last 3 years.
- Dividend payout has been low at 14.2% of profits over last 3 years
* 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
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 695 | 765 | 658 | 561 | 681 | 484 | 599 | 666 | 738 | |
| 663 | 741 | 639 | 522 | 614 | 388 | 501 | 575 | 653 | |
| Operating Profit | 33 | 24 | 19 | 38 | 67 | 96 | 98 | 91 | 85 |
| 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 | 12 |
| Depreciation | 7 | 9 | 16 | 16 | 22 | 30 | 34 | 42 | 45 |
| Profit before tax | 25 | 7 | 0 | 20 | 47 | 68 | 39 | 55 | 48 |
| Tax % | 36% | 32% | 325% | 25% | 25% | 25% | 22% | 22% | |
| 16 | 5 | -0 | 15 | 35 | 51 | 30 | 43 | 36 | |
| EPS in Rs | 20.44 | 6.32 | -0.10 | 8.09 | 9.55 | 12.80 | 7.39 | 10.31 | 8.71 |
| Dividend Payout % | 0% | 0% | 0% | 9% | 0% | 18% | 20% | 5% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 0% |
| 3 Years: | -1% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 199% |
| 3 Years: | 6% |
| TTM: | -31% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 11% |
| Last Year: | 8% |
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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 18 | 18 | 18 | 18 | 20 | 21 | 21 | 21 |
| Reserves | 86 | 217 | 217 | 233 | 268 | 456 | 499 | 540 | 556 |
| 132 | 145 | 147 | 99 | 68 | 67 | 90 | 97 | 83 | |
| 84 | 79 | 106 | 118 | 186 | 191 | 216 | 248 | 315 | |
| Total Liabilities | 310 | 459 | 488 | 468 | 540 | 734 | 826 | 906 | 976 |
| 71 | 69 | 85 | 71 | 167 | 182 | 186 | 234 | 222 | |
| CWIP | 0 | 0 | 0 | 0 | 2 | 0 | 2 | 0 | 0 |
| Investments | 4 | 142 | 157 | 177 | 183 | 203 | 240 | 304 | 305 |
| 235 | 249 | 246 | 220 | 187 | 349 | 398 | 368 | 448 | |
| Total Assets | 310 | 459 | 488 | 468 | 540 | 734 | 826 | 906 | 976 |
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 | |
|---|---|---|---|---|---|---|---|---|
| 45 | 26 | 4 | 44 | 53 | 53 | -24 | 156 | |
| -31 | -15 | -14 | -26 | -42 | -157 | 4 | -124 | |
| -10 | -15 | 21 | -33 | -13 | 110 | 14 | -29 | |
| Net Cash Flow | 4 | -3 | 11 | -15 | -3 | 6 | -6 | 4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 5 | 10 | 5 | 14 | 8 | 19 | 28 | 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 |
| Working Capital Days | -16 | -14 | 66 | -7 | -12 | 102 | 96 | 68 |
| ROCE % | 6% | 3% | 8% | 15% | 17% | 15% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
28 Nov - The officials of the Company will be meeting the Investors / Analysts (participants) as per attached details.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
22 Nov - Landmark Cars Limited has submitted the exchange regarding allotment of shares on exercise of Stock Option under Landmark Cars Limited Employee Stock Options Scheme, 2018. …
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
18 Nov - Landmark Cars Limited submitted exchange the transcript of Earnings Conference Call held on November 12, 2025 at 09:30 AM to discuss the unaudited standalone & …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Nov - Landmark Cars Limited has submitted exchange the extract of Standalone and Consolidated Unaudited Financial Result of the Company for the quarter and half year ended …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
12 Nov - Audio recording of Nov 12, 2025 earnings conference call uploaded; transcript to follow.
Annual reports
Concalls
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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 2024TranscriptNotesPPT
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Dec 2023TranscriptPPT
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Nov 2023Transcript PPT
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Nov 2023TranscriptNotesPPT 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 2023TranscriptNotesPPT
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