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 ₹ 3,266 Cr.
- Current Price ₹ 790
- High / Low ₹ 905 / 545
- Stock P/E 44.9
- Book Value ₹ 121
- Dividend Yield 0.28 %
- ROCE 20.1 %
- ROE 25.2 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 38.1% CAGR over last 5 years
Cons
* 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 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|
| 1,611 | 2,827 | 2,219 | 1,956 | 2,977 | 3,382 | 3,278 | |
| 1,561 | 2,745 | 2,142 | 1,842 | 2,800 | 3,144 | 3,053 | |
| Operating Profit | 51 | 82 | 77 | 114 | 176 | 238 | 225 |
| OPM % | 3% | 3% | 3% | 6% | 6% | 7% | 7% |
| 4 | 7 | 6 | 6 | 11 | 4 | 5 | |
| Interest | 17 | 53 | 45 | 38 | 35 | 51 | 50 |
| Depreciation | 13 | 53 | 63 | 62 | 70 | 87 | 97 |
| Profit before tax | 25 | -18 | -25 | 20 | 82 | 104 | 83 |
| Tax % | 30% | -39% | -17% | 44% | 20% | 18% | |
| 18 | -24 | -29 | 11 | 66 | 85 | 71 | |
| EPS in Rs | 22.33 | -31.92 | -15.69 | 6.19 | 17.88 | 21.32 | 17.26 |
| Dividend Payout % | 3% | 0% | 0% | 0% | 0% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 15% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 38% |
| 3 Years: | 77% |
| TTM: | -13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 39% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 23% |
| Last Year: | 25% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 18 | 18 | 18 | 18 | 20 | 20 |
| Reserves | 133 | 170 | 151 | 163 | 229 | 450 | 477 |
| 121 | 409 | 327 | 345 | 476 | 430 | 575 | |
| 343 | 408 | 334 | 360 | 362 | 361 | 397 | |
| Total Liabilities | 605 | 1,006 | 830 | 887 | 1,085 | 1,261 | 1,469 |
| 143 | 392 | 370 | 326 | 497 | 509 | 553 | |
| CWIP | 43 | 0 | 1 | 2 | 5 | 6 | 0 |
| Investments | 0 | 0 | 10 | 13 | 17 | 16 | 22 |
| 419 | 614 | 449 | 546 | 566 | 730 | 894 | |
| Total Assets | 605 | 1,006 | 830 | 887 | 1,085 | 1,261 | 1,469 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| 13 | 55 | 210 | 76 | 76 | 71 | |
| -57 | -38 | -66 | -34 | -34 | -72 | |
| 60 | -28 | -148 | -38 | -38 | 1 | |
| Net Cash Flow | 16 | -11 | -5 | 5 | 5 | -1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| Debtor Days | 10 | 10 | 4 | 10 | 8 | 11 |
| Inventory Days | 58 | 50 | 43 | 64 | 48 | 59 |
| Days Payable | 61 | 10 | 11 | 22 | 21 | 15 |
| Cash Conversion Cycle | 6 | 50 | 37 | 52 | 35 | 55 |
| Working Capital Days | 5 | 19 | 5 | 28 | 20 | 36 |
| ROCE % | 8% | 4% | 12% | 19% | 20% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - The representatives of Landmark Cars Limited will be meeting investors in the group meeting which is scheduled by ICICI Securities on April 26, 2024. This …
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
20 Apr - In compliance with Regulation 30 (6) of the SEBI (LODR) Regulations, 2015, we are enclosing herewith the above-mentioned press release issued by the Company, the …
- In Accordance With SEBI (LODR) Regulations, 2015 And Code Of Practices And Procedures For Fair Disclosure Of Unpublished Price Sensitive Information As per Regulation 8 Of SEBI (Prohibition Of Insider Trading) Regulations, 2015, The Following Is Our Business Update For The Quarter And Year Ended March 31, 2024 ('The Period') 18 Apr
- Compliance Certificate Under Regulation 40(9) And 40(10) Of SEBI (LODR) Regulations, 2015 For The Year Ended On 31St March, 2024 18 Apr
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
16 Apr - The officials of the Company will be interacting with Investors & Analysts (Participants) on April 22, 2024 from 12:00 p.m. onwards which is organized by …
Concalls
-
Feb 2024Transcript PPT
-
Feb 2024TranscriptNotesPPT
-
Dec 2023TranscriptPPT
-
Nov 2023Transcript PPT REC
-
Nov 2023TranscriptNotesPPT
-
Aug 2023Transcript PPT
-
Jun 2023Transcript PPT
-
Mar 2023Transcript PPT
-
Feb 2023TranscriptNotesPPT
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.