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 ₹ 2,018 Cr.
- Current Price ₹ 509
- High / Low ₹ 675 / 431
- Stock P/E 30.2
- Book Value ₹ 68.1
- Dividend Yield 0.00 %
- ROCE 19.1 %
- ROE 31.2 %
- Face Value ₹ 5.00
Pros
Cons
- Stock is trading at 7.48 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 9.57% over last 3 years.
- Company might be capitalizing the interest cost
* 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.
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 | |
---|---|---|---|---|---|
1,611 | 2,827 | 2,219 | 1,956 | 2,977 | |
1,561 | 2,745 | 2,142 | 1,842 | 2,800 | |
Operating Profit | 51 | 82 | 77 | 114 | 176 |
OPM % | 3% | 3% | 3% | 6% | 6% |
4 | 7 | 6 | 6 | 11 | |
Interest | 17 | 53 | 45 | 38 | 35 |
Depreciation | 13 | 53 | 63 | 62 | 70 |
Profit before tax | 25 | -18 | -25 | 20 | 82 |
Tax % | 30% | -39% | -17% | 44% | 20% |
Net Profit | 18 | -24 | -29 | 11 | 66 |
EPS in Rs | 22.33 | -31.92 | -15.69 | 6.19 | 17.88 |
Dividend Payout % | 3% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 2% |
TTM: | 52% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 69% |
TTM: | 412% |
Stock Price CAGR | |
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10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 10% |
Last Year: | 31% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Jun 2022 | |
---|---|---|---|---|---|---|
8 | 18 | 18 | 18 | 18 | 18 | |
Reserves | 133 | 170 | 151 | 163 | 229 | 250 |
121 | 409 | 327 | 345 | 476 | 625 | |
343 | 408 | 334 | 360 | 362 | 316 | |
Total Liabilities | 605 | 1,006 | 830 | 887 | 1,085 | 1,209 |
143 | 392 | 370 | 326 | 497 | 493 | |
CWIP | 43 | 0 | 1 | 2 | 5 | 8 |
Investments | 0 | 0 | 10 | 13 | 17 | 21 |
419 | 614 | 449 | 546 | 566 | 687 | |
Total Assets | 605 | 1,006 | 830 | 887 | 1,085 | 1,209 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|
13 | 55 | 210 | 76 | -65 | |
-57 | -38 | -66 | -34 | -43 | |
60 | -28 | -148 | -38 | 121 | |
Net Cash Flow | 16 | -11 | -5 | 5 | 13 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|
Debtor Days | 10 | 10 | 4 | 10 | 8 |
Inventory Days | 58 | 50 | 43 | 64 | 48 |
Days Payable | 61 | 10 | 11 | 22 | 21 |
Cash Conversion Cycle | 6 | 50 | 37 | 52 | 35 |
Working Capital Days | 5 | 19 | 5 | 28 | 20 |
ROCE % | 8% | 4% | 12% | 19% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
21 Mar - The officials of the Company will be participating in a Non-Deal Roadshow (NDR) to meet Investors on 22nd March, 2023 & 27th March, 2023.
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Announcement under Regulation 30 (LODR)-Investor Presentation
15 Mar - Revised Investor Presentation on Unaudited Financial Results for the quarter and ninemonths ended December 31, 2022. There was an error in slide no. 13 and …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
15 Mar - Officials of the Company will be interacting with Investors (Participants).
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
7 Mar - The Board of the Company vide Circular resolution passed on March 6, 2023, has allotted 32,628 equity shares of face value of Rs. 5/- each …
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
18 Feb - Letter dated February 13, 2023, wherein we had given advance intimation of the earnings conference call scheduled to be held on Tuesday, February 14, 2023 …
Concalls
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Mar 2023Transcript PPT
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Feb 2023TranscriptNotesPPT
The company operates on two business models[1] (1) facilitating sale of used vehicles through agents on a commission basis; and (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.