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 ₹ 1,887 Cr.
- Current Price ₹ 454
- High / Low ₹ 675 / 340
- Stock P/E 45.3
- Book Value ₹ 146
- Dividend Yield 0.11 %
- 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 3.11 times its book value
- Company has a low return on equity of 8.92% over last 3 years.
- Dividend payout has been low at 13.4% 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% | 15% |
| 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: | -14% |
| 1 Year: | -14% |
| 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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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
27m - Landmark Cars to hold 1x1/group investor meetings in Mumbai on June 25, 2026 from 10:00 am.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
16 Jun - The officials of the Company will be meeting the Investors / Analysts (participants) as per attached details.
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Intimation Of Submission Of Application For Reclassification Of Person Forming Part Of The Promoter / Promoter Group From 'Promoter Group' Category To 'Public' Category Shareholder Of The Company Pursuant To Regulation 31A Of SEBI (LODR) Regulations, 2015
3 Jun - Landmark Cars applied on May 30, 2026 to reclassify Spruha Satish Mehta from promoter group to public.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
3 Jun - Landmark Cars Limited submitted to the exchange, the transcript of Earnings Conference Call held on May 27, 2026 at 10:00 AM to discuss the Audited …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2 Jun - The officials of the Company will be meeting the Investors / Analysts (participants) as per attached details.
Annual reports
Concalls
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Jun 2026Transcript PPT
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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