Landmark Cars Ltd

Landmark Cars Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Landmark Cars Ltd

₹ 781 -1.67%
07 May - close price
grouplandmark.in BSE: 543714 NSE : LANDMARK
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.

Website BSE NSE
  • Market Cap ₹ 3,228 Cr.
  • Current Price ₹ 781
  • High / Low ₹ 905 / 624
  • Stock P/E 45.9
  • Book Value ₹ 116
  • Dividend Yield 0.29 %
  • ROCE 17.2 %
  • ROE 13.4 %
  • Face Value ₹ 5.00
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Pros

  • Company has delivered good profit growth of 25.6% CAGR over last 5 years

Cons

  • Stock is trading at 6.73 times its book value
  • The company has delivered a poor sales growth of -6.99% over past five years.
  • Company has a low return on equity of 11.4% over last 3 years.
  • Working capital days have increased from 55.1 days to 113 days

* 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

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
140 106 95 118 124 149 111 148 161
122 81 77 92 99 122 95 121 134
Operating Profit 17 25 18 26 25 27 16 27 27
OPM % 12% 24% 19% 22% 20% 18% 15% 18% 17%
2 2 2 2 2 5 4 -27 3
Interest 1 1 2 3 2 2 2 3 3
Depreciation 5 10 7 8 8 8 8 8 9
Profit before tax 13 16 11 17 18 22 11 -11 19
Tax % 25% 25% 25% 27% 24% 25% 26% 39% 25%
10 12 8 13 14 16 8 -7 14
EPS in Rs 2.67 3.39 2.29 3.43 3.42 4.09 2.01 -1.70 3.52
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
695 765 658 561 681 484 569
663 741 639 522 614 388 472
Operating Profit 33 24 19 38 67 96 97
OPM % 5% 3% 3% 7% 10% 20% 17%
4 4 7 8 8 11 -14
Interest 5 11 11 11 6 9 9
Depreciation 7 9 16 16 22 30 33
Profit before tax 25 7 0 20 47 68 41
Tax % 36% 32% 325% 25% 25% 25%
16 5 -0 15 35 51 32
EPS in Rs 20.44 6.32 -0.10 8.09 9.55 12.80 7.92
Dividend Payout % 0% 0% 0% 9% 0% 18%
Compounded Sales Growth
10 Years: %
5 Years: -7%
3 Years: -10%
TTM: 28%
Compounded Profit Growth
10 Years: %
5 Years: 26%
3 Years: 559%
TTM: 48%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 25%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 11%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 8 18 18 18 18 20 20
Reserves 86 217 217 233 268 456 457
132 145 147 99 68 67 62
84 79 106 118 186 191 233
Total Liabilities 310 459 488 468 540 734 772
71 69 85 71 167 182 185
CWIP 0 0 0 0 2 0 0
Investments 4 142 157 177 183 203 225
235 249 246 220 187 349 362
Total Assets 310 459 488 468 540 734 772

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
45 26 4 44 53 53
-31 -15 -14 -26 -42 -157
-10 -15 21 -33 -13 110
Net Cash Flow 4 -3 11 -15 -3 6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 5 10 5 14 8 19
Inventory Days 68 60 71 70 50 166
Days Payable 13 14 19 26 28 66
Cash Conversion Cycle 60 56 57 57 30 119
Working Capital Days 52 55 66 53 -1 113
ROCE % 6% 3% 8% 15% 17%

Shareholding Pattern

Numbers in percentages

5 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.

Documents

Announcements

Annual reports

DRHP

Concalls