Landmark Property Development Company Ltd

About

Landmark Property Development Company is engaged in the business of real estate development and provides advisory and consultancy services to overseas investors from the year 2009 onwards. Shri Gaurav Dalmia is the Chairperson and Managing Director of the company. [1] [2]

Key Points

Company Journey
LPDCL was incorporated as Konark Minerals Limited in 1976 as a public limited registered business in 1977 in Orissa. KML was a wholly-owned subsidiary of OCL. Due to the reorganization by way of the demerger through the Scheme of Arrangement which became effective in 2007, the Real Estate Undertaking of OCL together with all its assets and liabilities were transferred to Landmark Property Development Company Limited. [1] The Scheme has become effective on December 20, 2007.

See full details
  • Market Cap 63.7 Cr.
  • Current Price 4.75
  • High / Low 8.58 / 1.25
  • Stock P/E 172
  • Book Value 4.62
  • Dividend Yield 0.00 %
  • ROCE 0.86 %
  • ROE 0.63 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Stock is trading at 1.03 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -17.10% over past five years.
  • Company has a low return on equity of 0.51% for last 3 years.

Peer comparison

Sector: Realty Industry: Construction

Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
0.00 0.00 0.00 0.00 0.09 0.00 0.00 0.00 0.33 0.33 0.35 0.00
0.22 0.20 0.21 0.16 0.15 0.09 0.11 0.07 0.45 0.40 0.41 0.10
Operating Profit -0.22 -0.20 -0.21 -0.16 -0.06 -0.09 -0.11 -0.07 -0.12 -0.07 -0.06 -0.10
OPM % -66.67% -36.36% -21.21% -17.14%
Other Income 0.27 0.27 0.27 0.24 0.23 0.22 0.22 0.22 0.21 0.23 0.20 0.22
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.05 0.07 0.06 0.08 0.17 0.13 0.11 0.15 0.09 0.16 0.14 0.12
Tax % 20.00% 28.57% 16.67% 37.50% 17.65% 30.77% 18.18% 26.67% 22.22% 25.00% 21.43% 25.00%
Net Profit 0.04 0.06 0.05 0.05 0.14 0.10 0.09 0.12 0.06 0.11 0.11 0.09
EPS in Rs 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.00 0.01 0.01 0.01

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
2.87 2.72 2.88 3.51 3.60 3.86 2.58 2.53 1.75 0.00 0.09 1.01 1.01
2.23 1.56 2.22 2.78 2.29 3.08 2.20 2.12 2.06 0.86 0.50 1.34 1.36
Operating Profit 0.64 1.16 0.66 0.73 1.31 0.78 0.38 0.41 -0.31 -0.86 -0.41 -0.33 -0.35
OPM % 22.30% 42.65% 22.92% 20.80% 36.39% 20.21% 14.73% 16.21% -17.71% -455.56% -32.67% -34.65%
Other Income 0.14 0.20 0.27 0.31 2.40 0.76 0.66 0.70 0.94 1.09 0.91 0.87 0.86
Interest 0.01 0.02 0.00 0.00 0.00 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.03 0.01 0.01 0.01 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.74 1.33 0.92 1.03 3.71 1.50 1.04 1.11 0.63 0.23 0.50 0.54 0.51
Tax % 31.08% 32.33% 26.09% 22.33% 29.65% 24.67% 17.31% 22.52% 15.87% 21.74% 24.00% 24.07%
Net Profit 0.51 0.90 0.68 0.80 2.60 1.14 0.86 0.85 0.53 0.17 0.38 0.40 0.37
EPS in Rs 0.04 0.07 0.05 0.06 0.19 0.08 0.06 0.06 0.04 0.01 0.03 0.03 0.03
Dividend Payout % 0.00% 0.00% 0.00% 83.81% 36.10% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years:-9%
5 Years:-17%
3 Years:-17%
TTM:1022%
Compounded Profit Growth
10 Years:-8%
5 Years:-14%
3 Years:-7%
TTM:-18%
Stock Price CAGR
10 Years:6%
5 Years:4%
3 Years:6%
1 Year:252%
Return on Equity
10 Years:1%
5 Years:1%
3 Years:1%
Last Year:1%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
13.41 13.41 13.41 13.41 13.41 13.41 13.41 13.41 13.41 13.41 13.41 13.41
Reserves 41.18 42.08 42.76 42.78 44.29 45.42 46.28 47.13 47.67 47.84 48.22 48.62
Borrowings 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.17 0.15 0.29 1.32 4.02 3.38 3.40 1.88 1.80 1.38 1.16 0.91
Total Liabilities 54.76 55.64 56.46 57.51 61.72 62.21 63.09 62.42 62.88 62.63 62.79 62.94
0.06 0.02 0.02 0.02 0.01 0.01 0.01 0.01 0.02 0.02 0.02 0.01
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 3.29 4.95 7.95 8.56 10.52 9.21 0.87 1.00 1.14 1.33
54.70 55.62 53.15 52.54 53.76 53.64 52.56 53.20 61.99 61.61 61.63 61.60
Total Assets 54.76 55.64 56.46 57.51 61.72 62.21 63.09 62.42 62.88 62.63 62.79 62.94

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
0.63 0.73 0.51 0.77 2.58 1.60 0.30 -1.95 0.06 -0.82 -0.50 0.47
0.05 0.18 -3.03 -1.35 -0.63 0.11 -1.32 2.00 -0.07 0.90 0.32 -0.36
-0.04 -0.02 0.00 0.00 -0.78 -1.10 0.00 0.00 0.00 0.00 0.00 0.00
Net Cash Flow 0.64 0.89 -2.52 -0.58 1.17 0.61 -1.02 0.05 -0.01 0.08 -0.19 0.11

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 0.00 0.00 0.00 0.00 0.00 0.00 0.00 83.68 0.00 0.00 0.00
Inventory Days 6,080.37 5,178.94
Days Payable 0.00 0.00
Cash Conversion Cycle 0.00 0.00 0.00 0.00 0.00 6,080.37 0.00 83.68 0.00 0.00 5,178.94
Working Capital Days 6,639.95 1.34 7.60 -88.39 1,086.89 1,009.90 1,496.78 1,837.98 2,951.29 67,119.44 5,753.27
ROCE % 1.38% 2.45% 1.65% 1.83% 6.50% 2.37% 1.69% 1.26% 0.95% 0.38% 0.81% 0.86%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
64.88 65.07 65.16 65.16 65.16 65.16 65.16 65.16 65.16 65.16 65.16 65.16
0.18 0.18 0.18 0.18 0.18 0.21 0.18 0.18 0.18 0.13 0.13 0.13
34.94 34.75 34.66 34.66 34.66 34.64 34.66 34.66 34.66 34.71 34.71 34.71

Documents