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 ₹ 1,974 Cr.
- Current Price ₹ 476
- High / Low ₹ 586 / 340
- Stock P/E 30.5
- Book Value ₹ 148
- Dividend Yield 0.32 %
- ROCE 9.24 %
- ROE 6.83 %
- Face Value ₹ 5.00
Pros
Cons
- Stock is trading at 3.23 times its book value
- Company has a low return on equity of 7.08% over last 3 years.
- Dividend payout has been low at 11.7% of profits over last 3 years
* 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 1000 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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,611 | 2,827 | 2,219 | 1,956 | 2,977 | 3,382 | 3,288 | 4,026 | 4,896 | 5,378 | |
| Sales growth | +75% | -22% | -12% | +52% | +14% | -3% | +22% | +22% | +18% | |
| 1,561 | 2,745 | 2,142 | 1,842 | 2,800 | 3,144 | 3,069 | 3,803 | 4,631 | 5,073 | |
| Operating Profit | 51 | 82 | 77 | 114 | 176 | 238 | 219 | 222 | 265 | 305 |
| OPM % | 3.1% | 2.9% | 3.5% | 6% | 6% | 7% | 7% | 6% | 5% | 6% |
| 4 | 7 | 6 | 6 | 11 | 4 | 5 | 8 | 14 | 10 | |
| Interest | 17 | 53 | 45 | 38 | 35 | 51 | 53 | 74 | 80 | 81 |
| Depreciation | 13 | 53 | 63 | 62 | 70 | 87 | 101 | 131 | 149 | 151 |
| Profit before tax | 25 | -18 | -25 | 20 | 82 | 104 | 70 | 25 | 50 | 84 |
| Tax % | 30% | 39% | 17% | 44% | 20% | 18% | 18% | 31% | 24% | |
| 18 | -24 | -29 | 11 | 66 | 85 | 57 | 17 | 38 | 62 | |
| EPS in Rs | 11.18 | -15.99 | -7.85 | 3.10 | 17.88 | 21.32 | 13.56 | 3.85 | 9.00 | 15.01 |
| Dividend Payout % | 3% | 0% | 0% | 0% | 0% | 11% | 11% | 13% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 13% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | -24% |
| TTM: | 211% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -14% |
| 1 Year: | -15% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 7% |
| Last Year: | 7% |
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 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 18 | 18 | 18 | 18 | 20 | 21 | 21 | 21 | 21 |
| Reserves | 133 | 170 | 151 | 163 | 229 | 450 | 518 | 533 | 564 | 591 |
| 121 | 409 | 327 | 345 | 476 | 430 | 627 | 870 | 876 | 1,033 | |
| 343 | 408 | 334 | 360 | 362 | 361 | 383 | 463 | 517 | 546 | |
| Total Liabilities | 605 | 1,006 | 830 | 887 | 1,085 | 1,261 | 1,549 | 1,887 | 1,978 | 2,191 |
| 143 | 392 | 370 | 326 | 497 | 509 | 594 | 762 | 778 | 796 | |
| CWIP | 43 | 0 | 1 | 2 | 5 | 6 | 2 | 3 | 3 | 2 |
| Investments | 0 | 0 | 10 | 13 | 17 | 16 | 16 | 16 | 16 | 16 |
| 419 | 614 | 449 | 546 | 566 | 730 | 937 | 1,106 | 1,181 | 1,376 | |
| Total Assets | 605 | 1,006 | 830 | 887 | 1,085 | 1,261 | 1,549 | 1,887 | 1,978 | 2,191 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 13 | 55 | 210 | 76 | 76 | 71 | 41 | 152 | 267 | |
| -57 | -38 | -66 | -34 | -34 | -72 | -113 | -164 | -63 | |
| 60 | -28 | -148 | -38 | -38 | 1 | 65 | 23 | -191 | |
| Net Cash Flow | 16 | -11 | -5 | 5 | 5 | -1 | -8 | 11 | 14 |
| Free Cash Flow | -43 | 22 | 191 | 41 | 41 | 3 | -38 | 22 | 213 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 41% | 85% | 277% | 88% | 57% | 40% | 31% | 76% | 107% |
Ratios
Consolidated / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 10 | 10 | 4 | 10 | 8 | 11 | 15 | 16 | 12 |
| Inventory Days | 58 | 50 | 43 | 64 | 48 | 59 | 78 | 71 | 60 |
| Days Payable | 61 | 10 | 11 | 22 | 21 | 15 | 16 | 13 | 10 |
| Cash Conversion Cycle | 6 | 50 | 37 | 52 | 35 | 55 | 77 | 75 | 61 |
| Working Capital Days | -14 | -12 | -20 | -8 | -10 | 11 | 17 | 6 | 4 |
| ROCE % | 8% | 4% | 12% | 19% | 20% | 12% | 8% | 9% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| After-Sales Revenue Rs. Mn |
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| Avg. Revenue per Vehicle Serviced Rs. |
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| Number of After-Sales Services count |
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| Total Outlets count |
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| Avg. Selling Price for New Vehicles Rs. lakh |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Landmark Cars Limited has submitted to exchange the extract of Standalone and Consolidated Unaudited Financial Results of the Company for the quarter and half year …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of November 13, 2026 earnings call for Q2 and H1 FY27 uploaded.
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Announcement under Regulation 30 (LODR)-Acquisition
- Board approved Q2 FY27 results and up to ₹50 crore investment in two wholly owned subsidiaries.
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Results - Financial Results For September 30, 2026
- Board approved Q2/H1 FY27 results and up to ₹50 crore investment in two WOS.
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Announcement under Regulation 30 (LODR)-Investor Presentation
- Landmark Cars Limited has informed about Investor Presentation for the quarter and half year ended on September 30, 2026.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
Concalls
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Nov 2026PPT REC
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Aug 2026Transcript PPT REC
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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 2024PPT
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Dec 2023Transcript
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Nov 2023Transcript PPT REC
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Nov 2023PPT
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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 2023PPT
Business Overview. [1]
Landmark Cars commenced operations
in 1998 with a Honda dealership in Ahmedabad. It now operates a multi-brand, multi-location automobile retail platform covering Mercedes-Benz, Honda, Volkswagen, Jeep, Citroën, BYD, MG Motor, Mahindra & Mahindra, Kia, Renault, and Ashok Leyland. The network comprises
140 outlets across 29 cities and 12 states:
- Sales showrooms: 76
- Workshops: 64
- Customers served: 5.50 Lac+
- Employees: 5,120