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Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹1486 Cr.
Stock P/E
85.7
P/B
2.6
Current Price
₹358.3
Book Value
₹ 139
Face Value
5
52W High
₹674.7
52W Low
₹ 340.2
Dividend Yield
0.14%

Landmark Cars Overview

1. Business Overview

Landmark Cars Ltd. is a prominent premium and luxury automotive retail chain in India. The company's core business involves selling new vehicles, pre-owned vehicles, and providing after-sales services such as maintenance, repairs, and sale of spare parts. It also facilitates sales of automotive accessories, insurance, and financing to customers. The company generates revenue primarily from the margins on vehicle sales, service charges, sales of parts and accessories, and commissions from ancillary services.

2. Key Segments / Revenue Mix

The company's revenue streams are derived from:

New Vehicle Sales: Selling a range of premium and luxury cars, SUVs, and commercial vehicles from various Original Equipment Manufacturers (OEMs).

Pre-owned Vehicle Sales: Trading and selling used cars, often through its dedicated platforms.

After-Sales Service: Providing vehicle servicing, mechanical repairs, body shop repairs, and selling genuine spare parts and accessories.

Ancillary Services: Earning commissions and fees from facilitating vehicle finance, insurance, and selling extended warranties.

Specific contribution percentages for each segment are not publicly available in this context.

3. Industry & Positioning

The Indian automobile dealership industry is characterized by its dependence on OEM relationships, regional market dynamics, and a mix of organized and unorganized players. Landmark Cars operates predominantly in the premium and luxury segments, which are less fragmented than the mass-market segment. The company is positioned as one of India's largest and fastest-growing premium automotive retail businesses, with a multi-brand, multi-location presence across key states. Its scale and established relationships with leading global and domestic automotive brands give it a strong foothold compared to smaller, regional dealers.

4. Competitive Advantage (Moat)

Landmark Cars' competitive advantages primarily stem from:

Scale and Network: As one of the largest premium automotive dealership groups in India, it benefits from a wide geographic presence and multiple showrooms/service centers, offering better reach and operational efficiencies.

Strong OEM Relationships: Long-standing and diversified partnerships with reputed automotive brands (e.g., Mercedes-Benz, Honda, Jeep, Volkswagen, Skoda, MG, BYD, Renault, OLA Electric, Royal Enfield, KTM) allow it access to a wide product portfolio and prime sales territories.

Integrated Model: Offering a full suite of services – new sales, pre-owned sales, after-sales service, and financial services – creates a comprehensive customer experience and potential for cross-selling.

5. Growth Drivers

Key factors that can drive growth for Landmark Cars over the next 3-5 years include:

Growing Indian Automotive Market: Increasing disposable incomes, urbanization, and improving infrastructure are expected to fuel overall vehicle sales, especially in the premium and luxury segments.

Premiumization Trend: The rising aspiration for premium and luxury vehicles among Indian consumers is a significant tailwind.

Expansion & New Partnerships: Geographic expansion into new regions and adding new profitable OEM brands/dealerships to its portfolio.

Organized Used Car Market: Growth and formalization of the pre-owned vehicle segment.

Electric Vehicle (EV) Adoption: Leveraging its network to capitalize on the increasing demand for EVs by partnering with new EV brands.

After-Sales Service Revenue: A recurring and stable revenue stream driven by a growing vehicle parc.

6. Risks

OEM Dependency: High reliance on the performance, product cycles, and strategic decisions of its partner OEMs. Any adverse changes in OEM policies or performance could impact the company.

Economic Slowdown: Automobile sales are cyclical and sensitive to economic conditions, interest rates, and consumer discretionary spending.

Intense Competition: Competition from other organized dealership chains, independent service centers, and potential direct-to-consumer models by some OEMs.

Inventory Management: Risks associated with holding high inventory levels, particularly during demand fluctuations or product life cycle changes.

Regulatory Changes: Adverse changes in taxation, emissions norms, or import duties can impact vehicle prices and demand.

Interest Rate Fluctuations: Higher interest rates can increase financing costs for both customers and dealers, impacting sales.

7. Management & Ownership

Landmark Cars is a promoter-driven company, led by its founding family. The management team typically combines industry experience with professional expertise. The ownership structure generally involves a significant stake held by the promoter group, along with institutional investors and public shareholders, typical for a listed Indian company. Specific details on management quality or exact ownership percentages would require a deeper dive into public filings.

8. Outlook

Landmark Cars is well-positioned to capitalize on the long-term growth trajectory of the Indian automotive market, particularly within the premium and luxury segments. The increasing disposable incomes and consumer appetite for aspirational brands are strong tailwinds. Its established multi-brand, multi-location network and diversified revenue streams (new, pre-owned, after-sales) provide resilience. However, the company remains susceptible to the cyclical nature of the auto industry, potential economic slowdowns impacting discretionary spending, and changes in OEM strategies. Its ability to successfully expand its dealership network, onboard new profitable brands, and navigate competitive pressures will be crucial for sustained growth.

Landmark Cars Share Price

Live · BSE / NSE · Inception: 2006
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Volume
Price

Landmark Cars Quarterly Price

Show Value Show %

Landmark Cars Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 771 959 864 832 907 1195 1091 1062 1211 1345
Other Income 3 2 3 1 3 3 6 5 5 5
Total Income 773 961 867 833 910 1198 1097 1067 1216 1350
Total Expenditure 716 894 810 783 855 1129 1037 1001 1157 1271
Operating Profit 57 67 56 50 55 70 61 66 59 79
Interest 14 15 14 16 18 20 21 20 20 20
Depreciation 25 26 27 29 32 34 36 36 38 38
Exceptional Income / Expenses 0 -1 0 -1 -4 0 -0 0 0 -2
Profit Before Tax 19 25 15 5 0 16 4 10 1 19
Provision for Tax -2 7 4 1 0 4 2 3 -1 5
Profit After Tax 21 18 11 3 0 12 2 7 2 14
Adjustments -0 -0 -0 -0 -0 -0 -0 -0 -0 0
Profit After Adjustments 20 18 11 3 -0 11 1 7 1 14
Adjusted Earnings Per Share 5 4.4 2.6 0.8 -0 2.7 0.3 1.7 0.3 3.4

Landmark Cars Profit & Loss

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 2827 2219 1956 2977 3382 3288 4025 4709
Other Income 8 10 10 13 12 10 13 21
Total Income 2835 2229 1966 2989 3394 3298 4039 4730
Total Expenditure 2745 2145 1846 2801 3143 3069 3803 4466
Operating Profit 89 84 121 188 252 229 236 265
Interest 53 46 38 36 53 55 75 81
Depreciation 53 63 62 70 87 101 131 148
Exceptional Income / Expenses 0 0 0 0 -7 -3 -5 -2
Profit Before Tax -18 -25 20 82 104 70 25 34
Provision for Tax 7 4 9 16 19 12 8 9
Profit After Tax -24 -29 11 66 85 57 17 25
Adjustments -1 0 0 -1 -1 -1 -1 0
Profit After Adjustments -25 -29 11 65 84 56 16 23
Adjusted Earnings Per Share -6.9 -7.8 3.1 17.9 21.3 13.6 3.9 5.7

Landmark Cars Balance Sheet

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 188 169 182 247 470 539 554
Minority's Interest 1 1 1 1 2 3 4
Borrowings 46 53 49 45 26 41 42
Other Non-Current Liabilities 127 124 105 190 198 239 321
Total Current Liabilities 638 480 546 596 551 712 938
Total Liabilities 999 827 882 1079 1247 1534 1860
Fixed Assets 392 370 326 497 509 594 762
Other Non-Current Assets 24 61 32 38 41 42 49
Total Current Assets 583 396 524 544 698 898 1049
Total Assets 999 827 882 1079 1247 1534 1860

Landmark Cars Cash Flow

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 43 32 28 15 20 19 11
Cash Flow from Operating Activities 55 210 43 76 71 41 152
Cash Flow from Investing Activities -38 -66 -22 -34 -72 -113 -164
Cash Flow from Financing Activities -28 -148 -33 -38 1 65 23
Net Cash Inflow / Outflow -11 -5 -13 5 -1 -8 11
Closing Cash & Cash Equivalent 32 28 15 20 19 11 23

Landmark Cars Ratios

# Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -6.9 -7.84 3.09 17.88 21.32 13.56 3.85
CEPS(Rs) 7.91 9.29 20.1 37.12 43.51 38.39 35.84
DPS(Rs) 0 0 0.38 0.4 2.25 1.5 0.5
Book NAV/Share(Rs) 49.84 44.66 48.11 65.89 116.94 130.05 132.89
Core EBITDA Margin(%) 2.86 3.29 5.56 5.83 7 6.61 5.51
EBIT Margin(%) 1.26 0.94 2.93 3.93 4.58 3.76 2.48
Pre Tax Margin(%) -0.62 -1.1 1 2.73 3.04 2.1 0.62
PAT Margin (%) -0.86 -1.29 0.56 2.19 2.49 1.73 0.43
Cash Profit Margin (%) 1.02 1.52 3.71 4.51 5.04 4.79 3.67
ROA(%) -2.44 -3.17 1.3 6.75 7.32 4.12 1.02
ROE(%) -13.38 -16.72 6.56 31.7 24.15 11.44 3.19
ROCE(%) 5.39 3.53 11.22 22.27 23.84 14.13 9.19
Receivable days 10.06 8.31 7.3 7.26 8.94 12.91 14.1
Inventory Days 43.61 46.07 47.28 37.43 41.5 56.04 54.86
Payable days 10.41 12.13 17.27 17.81 17.18 15.94 13.96
PER(x) 0 0 0 0 25.49 54.19 97.51
Price/Book(x) 0 0 0 0 4.65 5.65 2.83
Dividend Yield(%) 0 0 0 0 0.41 0.2 0.13
EV/Net Sales(x) 0.16 0.15 0.17 0.1 0.71 1.05 0.53
EV/Core EBITDA(x) 5.15 4.08 2.68 1.58 9.56 15.16 9.07
Net Sales Growth(%) 0 -21.51 -11.83 52.17 13.63 -2.79 22.43
EBIT Growth(%) 0 -41.42 176.14 104.01 32.22 -20.64 -19.36
PAT Growth(%) 0 -18.47 138.52 493.67 28.59 -32.76 -69.7
EPS Growth(%) 0 -13.76 139.44 477.92 19.27 -36.4 -71.61
Debt/Equity(x) 2.62 2.19 1.86 1.28 0.63 0.86 1.14
Current Ratio(x) 0.91 0.83 0.96 0.91 1.27 1.26 1.12
Quick Ratio(x) 0.38 0.36 0.43 0.36 0.45 0.46 0.43
Interest Cover(x) 0.67 0.46 1.52 3.27 2.98 2.27 1.34
Total Debt/Mcap(x) 0 0 0 0 0.13 0.15 0.4

Landmark Cars Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 49.8 %
FII 5.05 %
DII (MF + Insurance) 20.78 %
Public (retail) 50.2 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 51.8251.5951.5551.6251.5751.5651.5649.8149.7649.8
FII 8.48.749.749.8110.79.849.4510.649.825.05
DII 15.1915.8616.6114.2713.8113.611313.4316.5120.78
Public 48.1848.4148.4548.3848.4348.4448.4450.1950.2450.2
Others 0000000000
Total 100100100100100100100100100100

Landmark Cars Peer Comparison

Automobiles - Dealers & Distributors Edit Columns

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +22% +11% +13%
Operating Profit CAGR +3% +8% +23%
PAT CAGR -70% -36%
Share Price CAGR -20% -18%
ROE Average +3% +13% +15% +7%
ROCE Average +9% +16% +16% +13%

News & Updates

See more…

Landmark Cars Pros & Cons

Pros

  • Debtor days have improved from 15.94 to 13.96days.

Cons

  • Promoter holding is low: 49.8%.
  • Company has a low return on equity of 13% over the last 3 years.
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