Film Production, Distribution & Entertainment · Founded 1991 · www.llcl.co.in · BSE 532275 · · ISIN INE394C01023
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Business
Landmarc Leisure Corporation Ltd. operates in the Film Production, Distribution & Entertainment sector in India. The company's core business involves the creation of cinematic content (film production), bringing these films to audiences through various channels (distribution), and potentially engaging in other entertainment-related ventures. Its business model relies on generating revenue from theatrical releases, selling or licensing satellite broadcast rights, digital streaming rights (OTT platforms), music rights, and potentially other ancillary income streams related to its content.
Revenue Mix
While specific revenue contribution percentages are not publicly available, the company's primary segments likely include:
Film Production: Involves financing, developing, and producing motion pictures.
Film Distribution: Focuses on the marketing, promotion, and theatrical release of films, as well as the sale of digital, satellite, and ancillary rights.
Other Entertainment Services: Could potentially include event management, content creation for digital platforms, or other related entertainment activities.
Industry
The Indian Film Production, Distribution & Entertainment industry is dynamic, highly competitive, and largely fragmented, with a mix of large integrated studios, mid-sized production houses, and numerous independent players. The industry is characterized by significant capital requirements for production, high risk associated with content success, and evolving distribution channels (theatrical, satellite, OTT). Landmarc Leisure Corporation Ltd. likely positions itself as a player within this competitive landscape, aiming to create commercially viable and critically acclaimed content to capture market share. Given the breadth of the industry, it is probable that the company is a mid-to-small-tier player compared to major studios, potentially focusing on specific regional markets or niche genres, or aspiring to grow its presence.
MOAT
The film industry generally presents challenges for building durable competitive advantages due to the hit-driven nature of content and high production costs. Landmarc Leisure Corporation Ltd. is unlikely to possess a strong, durable moat based on typical factors:
Brand: Unless it has consistently delivered major blockbusters, its brand recognition is likely not as strong as established studios.
Scale: Probably lacks the scale and financial muscle of top-tier players for extensive production or distribution networks.
Intellectual Property: While successful films create IP, consistent creation of valuable IP that can be leveraged over decades is rare.
Talent Network: Relationships with key directors, actors, and technicians can be an advantage but are often project-specific and not exclusive.
Therefore, the company's competitive advantages are more likely to be project-specific successes, efficient production management, or strategic partnerships rather than a durable, long-term moat.
Growth Drivers
Increasing Media Consumption: Growing population, rising disposable incomes, and greater access to digital platforms in India drive demand for entertainment content.
Rise of OTT Platforms: Partnerships with streaming giants (Netflix, Amazon Prime Video, Disney+ Hotstar) provide new revenue streams and wider audience reach for content.
Regional Cinema Growth: The booming market for regional language films offers diversification opportunities beyond Hindi cinema.
Successful Content Strategy: A consistent slate of critically acclaimed and commercially successful films can significantly boost revenue and market standing.
Technological Advancements: Better production techniques, VFX capabilities, and improved digital distribution infrastructure.
Risks
Content Risk: High inherent risk of film failure at the box office or with critics, leading to significant financial losses on specific projects.
High Production Costs: Escalating costs of talent, production, and marketing can strain finances, especially for mid-sized players.
Intense Competition: Facing competition from larger, well-funded studios, independent producers, and global content creators.
Changing Consumer Preferences: Rapid shifts in audience tastes and content consumption habits can render certain genres or themes obsolete.
Piracy: Content piracy remains a persistent threat, impacting revenue from theatrical and digital distribution.
Regulatory & Censorship Risk: Changes in government regulations regarding content censorship or exhibition can impact film releases and themes.
External Factors: Events like pandemics (affecting cinema footfalls) or economic downturns (reducing discretionary spending on entertainment) can significantly impact business.
Management & Ownership
As an Indian company, Landmarc Leisure Corporation Ltd. is likely promoter-driven, meaning a founding family or individual group holds a significant ownership stake and plays a crucial role in strategic decisions. The quality of management in the film industry is paramount, involving not just financial acumen but also creative vision, ability to identify compelling scripts, manage talent, and navigate complex production and distribution logistics. Their experience and track record in delivering successful projects would be key indicators of management quality.
Outlook
The outlook for Landmarc Leisure Corporation Ltd. presents a balanced picture. The Indian entertainment sector is poised for strong growth driven by increasing consumption, digitalization, and the expansion of OTT platforms. This offers significant opportunities for content creators and distributors like Landmarc. However, the film business is inherently volatile and capital-intensive, with a high degree of project-specific risk. The company's future success will depend heavily on its ability to consistently produce engaging and commercially viable content, adapt to evolving audience preferences and distribution models, effectively manage its production budgets, and forge strategic partnerships. While the potential for substantial returns from successful projects exists, the risk of significant losses from underperforming films is ever-present, requiring robust financial management and a keen understanding of market dynamics.
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PE goes above X
PE falls below X
| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Total Expenditure | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Profit | -0 | -0 | 0 | -0 | 1 | -0 | -0 | -0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0 | -0 | 0 | -0 | 1 | -0 | -0 | -0 | 0 | 0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -0 | -0 | 0 | -0 | 1 | -0 | -0 | -0 | 0 | 0 |
| Adjustments | 0 | 0 | 0 | -0 | 0 | -0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -0 | -0 | 0 | -0 | 1 | -0 | -0 | -0 | 0 | 0 |
| Adjusted Earnings Per Share | -0 | -0 | 0 | -0 | 0 | -0 | -0 | -0 | 0 | 0 |
| #(Fig in Cr.) | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 2 | 1 | 1 | 4 | 2 | 1 | 0 | 0 | 1 | 0 | 1 | 0 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 2 | 1 | 1 | 5 | 2 | 1 | 0 | 0 | 1 | 1 | 1 | 0 |
| Total Expenditure | 7 | 2 | 5 | 3 | 4 | 1 | 1 | 1 | 5 | 1 | 1 | 0 |
| Operating Profit | -6 | -1 | -4 | 2 | -2 | -0 | -1 | -1 | -3 | -1 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -7 | -3 | -5 | 0 | -2 | -0 | -1 | -1 | -4 | -1 | 0 | 0 |
| Provision for Tax | 0 | -0 | 0 | 0 | -0 | 0 | -0 | -0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -8 | -3 | -5 | 0 | -2 | -0 | -1 | -1 | -4 | -1 | 0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -8 | -3 | -5 | 0 | -2 | -0 | -1 | -1 | -4 | -1 | 0 | 0 |
| Adjusted Earnings Per Share | -0.1 | -0 | -0.1 | 0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | 0 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 0% | 0% | -7% |
| Operating Profit CAGR | 0% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -29% | 41% | 41% | 13% |
| ROE Average | 1% | -5% | -4% | -6% |
| ROCE Average | 1% | -3% | -3% | -5% |
| #(Fig in Cr.) | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 44 | 41 | 34 | 34 | 32 | 32 | 31 | 30 | 26 | 25 | 26 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 6 | 0 | 3 | 2 | 3 | 3 | 6 | 6 | 8 | 9 | 9 |
| Other Non-Current Liabilities | 0 | 0 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Total Current Liabilities | 6 | 6 | 6 | 6 | 3 | 4 | 6 | 6 | 6 | 6 | 6 |
| Total Liabilities | 56 | 47 | 46 | 44 | 40 | 42 | 45 | 45 | 43 | 43 | 43 |
| Fixed Assets | 4 | 3 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 31 | 33 | 33 | 33 | 32 | 33 | 33 | 34 | 31 | 31 | 31 |
| Total Current Assets | 21 | 11 | 11 | 11 | 8 | 9 | 12 | 11 | 11 | 11 | 12 |
| Total Assets | 56 | 47 | 46 | 44 | 40 | 42 | 45 | 45 | 43 | 43 | 43 |
| #(Fig in Cr.) | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 |
| Cash Flow from Operating Activities | 5 | 9 | -4 | -0 | -1 | -1 | -0 | -1 | -4 | -1 | -1 |
| Cash Flow from Investing Activities | -0 | -3 | 1 | -0 | 1 | -1 | -1 | -1 | 3 | 0 | 0 |
| Cash Flow from Financing Activities | -5 | -6 | 3 | 0 | -0 | 2 | 1 | 1 | 2 | 1 | 1 |
| Net Cash Inflow / Outflow | -0 | 0 | 0 | -0 | 0 | 0 | -0 | -1 | 1 | -0 | 0 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| # | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -0.09 | -0.04 | -0.06 | 0 | -0.03 | -0 | -0.01 | -0.02 | -0.04 | -0.01 | 0 |
| CEPS(Rs) | -0.07 | -0.02 | -0.05 | 0.01 | -0.03 | -0 | -0.01 | -0.02 | -0.04 | -0.01 | 0 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 0.52 | 0.48 | 0.42 | 0.42 | 0.4 | 0.39 | 0.39 | 0.37 | 0.33 | 0.32 | 0.32 |
| Core EBITDA Margin(%) | -352.11 | -175.51 | -364.47 | 34.38 | -93.76 | -2.36 | -5766.4 | 0 | -328.43 | -153.06 | 15.16 |
| EBIT Margin(%) | -452.68 | -347.6 | -444.82 | 2.91 | -94.29 | -1.57 | -5665.6 | 0 | -328.09 | -149.26 | 22.19 |
| Pre Tax Margin(%) | -458.49 | -354.43 | -446.93 | 2.79 | -94.81 | -2.9 | -5960.8 | 0 | -328.49 | -149.93 | 22.06 |
| PAT Margin (%) | -467 | -337.29 | -446.93 | 2.24 | -94.7 | -2.9 | -5724 | 0 | -328.49 | -150.88 | 22.06 |
| Cash Profit Margin (%) | -361.41 | -161.13 | -355.83 | 9.33 | -94.13 | -2.34 | -5668 | 0 | -328.03 | -149.24 | 22.7 |
| ROA(%) | -11.8 | -5.62 | -9.85 | 0.24 | -5.48 | -0.1 | -1.64 | -2.98 | -8.04 | -1.76 | 0.59 |
| ROE(%) | -16.71 | -7.3 | -12.67 | 0.31 | -6.96 | -0.12 | -2.29 | -4.42 | -12.62 | -2.92 | 1 |
| ROCE(%) | -12.03 | -6.25 | -11.09 | 0.36 | -6.32 | -0.06 | -1.84 | -3.42 | -9.09 | -1.96 | 0.68 |
| Receivable days | 36.35 | 45.29 | 50.89 | 15.89 | 15.84 | 20.95 | 3245.58 | 2080.18 | 30.65 | 67.44 | 154.04 |
| Inventory Days | 12.49 | 6.54 | 0.18 | 0.04 | 0.08 | 0.14 | 14.6 | 16.15 | 5.17 | 31.75 | 16.75 |
| Payable days | 6010.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7447.32 | 0 |
| PER(x) | 0 | 0 | 0 | 406.78 | 0 | 0 | 0 | 0 | 0 | 0 | 378.13 |
| Price/Book(x) | 1.99 | 1.06 | 1.32 | 1.27 | 0.86 | 0.94 | 0.98 | 2.63 | 2.31 | 3.55 | 3.79 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 57.95 | 52.59 | 48.42 | 10.59 | 14.05 | 28.19 | 3709.26 | 7718.92 | 66.75 | 205.32 | 94.47 |
| EV/Core EBITDA(x) | -16.7 | -30.67 | -13.69 | 26.16 | -13.34 | -2544.32 | -56.07 | -64.63 | -20.37 | -139.08 | 413.84 |
| Net Sales Growth(%) | -36.7 | -46.63 | 18.75 | 327.29 | -51.01 | -42.74 | -99.14 | 6.6 | 9341.59 | -53.56 | 133.04 |
| EBIT Growth(%) | -61.45 | 59.02 | -51.96 | 103.03 | -1747.31 | 99.07 | -3256.4 | -91.33 | -158.33 | 78.87 | 134.64 |
| PAT Growth(%) | -72.68 | 61.45 | -57.35 | 102.32 | -2246.7 | 98.29 | -1734.62 | -86.47 | -162.68 | 78.67 | 134.07 |
| EPS Growth(%) | -72.71 | 61.4 | -57.15 | 102.32 | -2246.7 | 98.29 | -1725.64 | -87.64 | -162.28 | 78.77 | 134.41 |
| Debt/Equity(x) | 0.2 | 0.06 | 0.15 | 0.09 | 0.1 | 0.17 | 0.3 | 0.33 | 0.45 | 0.49 | 0.5 |
| Current Ratio(x) | 3.67 | 1.8 | 1.8 | 1.89 | 3 | 2.05 | 2.03 | 1.72 | 1.92 | 1.85 | 2.01 |
| Quick Ratio(x) | 3.66 | 1.8 | 1.8 | 1.89 | 3 | 2.05 | 2.03 | 1.72 | 1.92 | 1.84 | 2 |
| Interest Cover(x) | -77.87 | -50.94 | -210.86 | 24.61 | -181.6 | -1.18 | -19.19 | -153.98 | -814.05 | -224.12 | 170.8 |
| Total Debt/Mcap(x) | 0.11 | 0.06 | 0.11 | 0.07 | 0.11 | 0.18 | 0.3 | 0.12 | 0.2 | 0.14 | 0.13 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.99 | 74.99 | 74.99 | 74.99 | 74.99 | 74.99 | 74.99 | 61.22 | 61.22 | 61.22 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 25.01 | 25.01 | 25.01 | 25.01 | 25.01 | 25.01 | 25.01 | 38.78 | 38.78 | 38.78 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 59.99 | 59.99 | 59.99 | 59.99 | 59.99 | 59.99 | 59.99 | 59.99 | 59.99 | 59.99 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 20.01 | 20.01 | 20.01 | 20.01 | 20.01 | 20.01 | 20.01 | 38.01 | 38.01 | 38.01 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 98 | 98 | 98 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | — | — | 0% | -7% |
| Operating Profit CAGR | — | — | — | — |
| PAT CAGR | — | — | — | — |
| Share Price CAGR | -29% | +41% | +41% | +13% |
| ROE Average | +1% | -5% | -4% | -6% |
| ROCE Average | +1% | -3% | -3% | -5% |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.99 | 74.99 | 74.99 | 74.99 | 74.99 | 74.99 | 74.99 | 61.22 | 61.22 | 61.22 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 25.01 | 25.01 | 25.01 | 25.01 | 25.01 | 25.01 | 25.01 | 38.78 | 38.78 | 38.78 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 59.99 | 59.99 | 59.99 | 59.99 | 59.99 | 59.99 | 59.99 | 59.99 | 59.99 | 59.99 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 20.01 | 20.01 | 20.01 | 20.01 | 20.01 | 20.01 | 20.01 | 38.01 | 38.01 | 38.01 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 98 | 98 | 98 |
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