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 ₹ 1,681 Cr.
- Current Price ₹ 406
- High / Low ₹ 675 / 306
- Stock P/E 67.7
- Book Value ₹ 136
- Dividend Yield 0.12 %
- ROCE 7.99 %
- ROE 3.09 %
- Face Value ₹ 5.00
Pros
Cons
- Stock is trading at 2.99 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of 11.8% over last 3 years.
- Dividend payout has been low at 11.5% of profits over last 3 years
- Promoter holding has decreased over last 3 years: -5.47%
* 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 Allcap BSE Consumer Discretionary
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 1,611 | 2,827 | 2,219 | 1,956 | 2,977 | 3,382 | 3,288 | 4,026 | 4,709 | |
| 1,561 | 2,745 | 2,142 | 1,842 | 2,800 | 3,144 | 3,069 | 3,803 | 4,465 | |
| Operating Profit | 51 | 82 | 77 | 114 | 176 | 238 | 219 | 222 | 244 |
| OPM % | 3% | 3% | 3% | 6% | 6% | 7% | 7% | 6% | 5% |
| 4 | 7 | 6 | 6 | 11 | 4 | 5 | 8 | 19 | |
| Interest | 17 | 53 | 45 | 38 | 35 | 51 | 53 | 74 | 81 |
| Depreciation | 13 | 53 | 63 | 62 | 70 | 87 | 101 | 131 | 148 |
| Profit before tax | 25 | -18 | -25 | 20 | 82 | 104 | 70 | 25 | 34 |
| Tax % | 30% | 39% | 17% | 44% | 20% | 18% | 18% | 31% | |
| 18 | -24 | -29 | 11 | 66 | 85 | 57 | 17 | 25 | |
| EPS in Rs | 22.33 | -31.92 | -15.69 | 6.19 | 17.88 | 21.32 | 13.56 | 3.85 | 5.72 |
| Dividend Payout % | 3% | 0% | 0% | 0% | 0% | 11% | 11% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 11% |
| TTM: | 24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | -37% |
| TTM: | 3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -9% |
| 1 Year: | 1% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 12% |
| Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 133 | 170 | 151 | 163 | 229 | 450 | 518 | 533 | 541 |
| 121 | 409 | 327 | 345 | 476 | 430 | 627 | 870 | 831 | |
| 343 | 408 | 334 | 360 | 362 | 361 | 383 | 463 | 579 | |
| Total Liabilities | 605 | 1,006 | 830 | 887 | 1,085 | 1,261 | 1,549 | 1,887 | 1,972 |
| 143 | 392 | 370 | 326 | 497 | 509 | 594 | 762 | 772 | |
| CWIP | 43 | 0 | 1 | 2 | 5 | 6 | 2 | 3 | 1 |
| Investments | 0 | 0 | 10 | 13 | 17 | 16 | 16 | 16 | 16 |
| 419 | 614 | 449 | 546 | 566 | 730 | 937 | 1,106 | 1,182 | |
| Total Assets | 605 | 1,006 | 830 | 887 | 1,085 | 1,261 | 1,549 | 1,887 | 1,972 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 13 | 55 | 210 | 76 | 76 | 71 | 41 | 152 | |
| -57 | -38 | -66 | -34 | -34 | -72 | -113 | -164 | |
| 60 | -28 | -148 | -38 | -38 | 1 | 65 | 23 | |
| Net Cash Flow | 16 | -11 | -5 | 5 | 5 | -1 | -8 | 11 |
| Free Cash Flow | -43 | 22 | 191 | 41 | 41 | 3 | -38 | 22 |
| CFO/OP | 41% | 85% | 277% | 88% | 57% | 40% | 31% | 76% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 10 | 10 | 4 | 10 | 8 | 11 | 15 | 16 |
| Inventory Days | 58 | 50 | 43 | 64 | 48 | 59 | 78 | 71 |
| Days Payable | 61 | 10 | 11 | 22 | 21 | 15 | 16 | 15 |
| Cash Conversion Cycle | 6 | 50 | 37 | 52 | 35 | 55 | 77 | 72 |
| Working Capital Days | -14 | -12 | -20 | -8 | -10 | 11 | 17 | 6 |
| ROCE % | 8% | 4% | 12% | 19% | 20% | 12% | 8% |
Insights
In beta| Mar 2015 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| New Vehicle Units Sold Units |
|
|||||||
| Total Outlets Count |
||||||||
| Average Revenue per Vehicle Serviced INR |
||||||||
| Number of Service Turn-ins Units |
||||||||
| Average Selling Price for New Car INR |
||||||||
| Mercedes-Benz Share of National Sales % |
||||||||
Documents
Announcements
- Closure of Trading Window 27 Mar
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
26 Mar - Ceasing Volkswagen Delhi NCR operations (one showroom, one workshop) effective March 31, 2026; minimal financial impact expected.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
12 Mar - New Mahindra workshop in Kompally, Hyderabad; M&M outlets rise to eight in Hyderabad, 12 overall.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Mar - Investor/analyst meetings on March 10, 2026 at 1:00 PM onwards in Mumbai; organized by Investec India Promoter & Founder Conference.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
18 Feb - Landmark Cars Limited submitted exchange the transcript of Earnings Conference Call held on February 11, 2026 at 10:30 AM to discuss the Unaudited Standalone & …
Annual reports
Concalls
-
Feb 2026Transcript PPT REC
-
Nov 2025Transcript PPT REC
-
Aug 2025Transcript PPT REC
-
Jun 2025Transcript PPT
-
Feb 2025Transcript PPT
-
Nov 2024Transcript PPT
-
Aug 2024Transcript PPT
-
May 2024Transcript PPT
-
Feb 2024Transcript PPT
-
Feb 2024TranscriptAI SummaryPPT
-
Dec 2023TranscriptPPT
-
Nov 2023Transcript PPT
-
Nov 2023TranscriptAI SummaryPPT REC
-
Aug 2023Transcript PPT
-
Jun 2023Transcript PPT
-
Mar 2023Transcript PPT
-
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