Landmark Cars Ltd (LANDMARK) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 543714 | NSE: LANDMARK | Automobiles - Dealers & Distributors | Small Cap

Landmark Cars Share Price

519.70 -4.15 -0.79%
as on 05-Dec'25 16:59

Landmark Cars Ltd (LANDMARK) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 543714 | NSE: LANDMARK | Automobiles - Dealers & Distributors | Small Cap

DeciZen - make an informed investing decision on Landmark Cars

Based on:

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

andmark Cars stock performance -

Key Ratios
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P/E Ratio (SA):
59.83
Market Cap:
2,154.9 Cr.
52-wk low:
306.1
52-wk high:
703

Is Landmark Cars Ltd an attractive stock to invest in?

1. Is Landmark Cars Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Landmark Cars Ltd is a average quality company.

2. Is Landmark Cars Ltd undervalued or overvalued?

The key valuation ratios of Landmark Cars Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Landmark Cars Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Landmark Cars Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Landmark Cars:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Landmark Cars Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 15.8%10.5%14.4%6.2%2.8%8.3%14.9%16.9%8.1%10.2%-
Value Creation
Index
0.1-0.30.0-0.6-0.8-0.40.10.2-0.4-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 581525695765658561681484599666738
Sales YoY Gr.--9.7%32.5%10%-13.9%-14.9%21.5%-28.9%23.8%11.1%-
Adj EPS 5.63.610.41.50.24.19.712.913.910.38.7
YoY Gr.--35.4%186.7%-85.2%-89.6%2487.5%133.1%33.8%7.4%-25.5%-
BVPS (₹) 45.849.459.264.362.767.176.5118.5125.3134.6139.2
Adj Net
Profit
8.95.716.45.70.615.235.451.257.242.736
Cash Flow from Ops. 23.435.645.126.113.74452.652.7-23.8156-
Debt/CF from Ops. 13.12.95.610.82.21.41.4-4.70.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.5%0.2%-0.8%11.1%
Adj EPS 7%130.1%2.3%-25.5%
BVPS12.7%16.5%20.7%7.4%
Share Price - - - -24.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
137.619.13.40.26.213.213.411.57.96.4
Op. Profit
Mgn %
3.63.14.73.13.16.99.819.916.413.711.5
Net Profit
Mgn %
1.51.12.40.70.12.75.210.69.66.44.9
Debt to
Equity
0.31.41.40.60.60.40.30.20.20.20.1
Working Cap
Days
10813010711212914210519422020589
Cash Conv.
Cycle
37485848535231519310134

Recent Performance Summary

Sales growth is good in last 4 quarters at 18.78%

Return on Equity has declined versus last 3 years average to 6.30%

Sales growth has been subdued in last 3 years -0.76%

Net Profit has been subdued in last 3 years 2.26%

Latest Financials - Landmark Cars Ltd.

Standalone Consolidated
TTM EPS (₹) 8.7 5
TTM Sales (₹ Cr.) 738 4,559
BVPS (₹.) 139.2 135.6
Reserves (₹ Cr.) 556 541
P/BV 3.73 3.83
PE 59.83 103.24
From the Market
52 Week Low / High (₹) 306.05 / 703.00
All Time Low / High (₹) 306.05 / 901.95
Market Cap (₹ Cr.) 2,155
Equity (₹ Cr.) 20.7
Face Value (₹) 5
Industry PE 106.9

Management X-Ray of Landmark Cars:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Landmark Cars - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

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No data found!

Key Ratios of Landmark Cars

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales581525695765658561681484599666
Operating Expenses 560509663742639522615388501575
Manufacturing Costs55588613212632
Material Costs523467603660573472530258355427
Employee Cost 16182635332642566368
Other Costs 17182939261830525748
Operating Profit 21163223193866969891
Operating Profit Margin (%) 3.6%3.1%4.7%3.0%2.9%6.8%9.7%19.9%16.4%13.7%
Other Income 3444789112219
Interest 76511111169912
Depreciation 4579161622303442
Exceptional Items 0000000-1-38-1
Profit Before Tax 13925702047683955
Tax 5392051217812
Profit After Tax 96165-01535513143
PAT Margin (%) 1.5%1.1%2.3%0.7%-0.0%2.6%5.1%10.5%5.1%6.4%
Adjusted EPS (₹)5.63.610.21.4-0.14.09.612.87.410.3
Dividend Payout Ratio (%)9%8%9%0%0%9%4%18%20%5%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 727894235230246280469518557
Share Capital 18818181818202121
Reserves 717086217211227262450497536
Minority Interest0000000000
Debt15107131145145976971107110
Long Term Debt640076862326
Short Term Debt91031311451389161658484
Trade Payables118172226303441475753
Others Liabilities 354470568391150146145187
Total Liabilities 241246316462488468540734826906

Fixed Assets

Gross Block45669196100102219260294380
Accumulated Depreciation1014202715315178108146
Net Fixed Assets 355271698571167182186234
CWIP 8100002020
Investments 144142157177183203240304
Inventories1191301121091129073117219190
Trade Receivables1711102082215264644
Cash Equivalents 591310227615911
Others Assets 554010511310410193191125124
Total Assets 241246316462488468540734826906

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 2336452614445353-24156
PBT 13925702047683955
Adjustment 87816201921306139
Changes in Working Capital 1020209-43-2-29-11075
Tax Paid -7-1-8-7-22-12-16-13-13
Cash Flow From Investing Activity -13-10-31-15-14-26-42-1574-124
Capex -14-14-23-9-6-2-9-25-28-68
Net Investments 0000-11-16-4-301
Others 24-8-63-7-28-13031-57
Cash Flow From Financing Activity -13-21-11-1511-33-1311014-29
Net Proceeds from Shares 0000000150202
Net Proceeds from Borrowing -4-15-7-19-12-2217
Interest Paid -7-6-4-12-11-11-6-9-9-12
Dividend Paid -20-0-100-1-1-9-6
Others -0-0-0-013-21-8-28-9-19
Net Cash Flow -243-311-15-36-64

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)12.917.6218.823.04-0.086.2313.3113.536.187.94
ROCE (%)15.810.5114.46.162.848.3314.9116.98.1310.15
Asset Turnover Ratio2.682.162.471.971.391.181.350.760.770.77
PAT to CFO Conversion(x)2.5662.815.2N/A2.931.511.04-0.773.63
Working Capital Days
Receivable Days9106781010152225
Inventory Days6987645361664472102112
Payable Days45531213182526625447

Landmark Cars Ltd Stock News

Landmark Cars Ltd FAQs

The current trading price of Landmark Cars on 05-Dec-2025 16:59 is ₹519.7.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Dec-2025 the market cap of Landmark Cars stood at ₹2,154.9.
The latest P/E ratio of Landmark Cars as of 04-Dec-2025 is 59.83.
The latest P/B ratio of Landmark Cars as of 04-Dec-2025 is 3.73.
The 52-week high of Landmark Cars is ₹703.0 and the 52-week low is ₹306.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Landmark Cars is ₹737.5 ( Cr.) .

About Landmark Cars Ltd

The company was originally incorporated as “Landmark Insurance Broking Private Limited” at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated February 23, 2006, issued by the Registrar of Companies, Maharashtra at Mumbai (“RoC, Mumbai”). The name of the Company was subsequently changed to ‘Landmark Cars Private Limited’ pursuant to a fresh certificate of incorporation granted by the RoC, Mumbai on May 6, 2009. Subsequently, the Company was converted into a public limited company under the Companies Act, 2013, pursuant to the approval accorded by its Shareholders at their extra-ordinary general meeting held on November 10, 2021. Consequently, the name of the Company was changed to “Landmark Cars Limited” and a fresh certificate of incorporation consequent upon conversion from a private limited company to a public limited company was issued to the Company by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli at Ahmedabad (“RoC”) on December 3, 2021.

Landmark Cars is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault. It also has a commercial vehicle dealership with Ashok Leyland in India. It has a presence across the automotive retail value chain, including sales of new vehicles, after-sales service and repairs (including sales of spare parts, lubricants and accessories), sales of pre-owned passenger vehicles and facilitation of the sales of third-party financial and insurance products. It started its operations and opened its first dealership for Honda in CY1998. It is focused on the premium and luxury automotive segments. The company’s after-sales service and spare parts offerings at each of company’s dealerships comprise repair and collision repair services and include both warranty work, insurance claim work and customer paid services. It operate as authorized service centers for Mercedes-Benz, Honda, Volkswagen, Jeep, Renault and Ashok Leyland, and it provide after-sales service and repairs through its after-sales service and spares outlets.

Business area of the company

The company buys and sells pre-owned passenger vehicles at each of its dealerships. The company operates on two business models:  the company facilitates the sale of used vehicles through its appointed panel of agents on a commission basis; and the company also takes the vehicles on its books for sale after any needed refurbishment. It also receives an incentive from its OEMs for used vehicles traded in for new vehicles; this incentive or over-allowance is available to it as a new car dealer and helps it with closing these transactions. It has also implemented a digital SaaS platform developed by Sheerdrive, an auto technology start-up company. Sheerdrive’s technology platform enables digital evaluation and real time used car prices, which will help drive transparency, accuracy and velocity of used car transactions, and will help drive its strategy of combining its physical presence with digital scale and speed.

Major events and milestones

  • 1998: The company commenced its Honda dealership in Ahmedabad, Gujarat.
  • 2009: The company commenced its Volkswagen dealership in Ahmedabad, Gujarat.
  • 2009: The company commenced its Mercedes-Benz dealership in Ahmedabad, Gujarat.
  • 2012: The company commenced its Ashok Leyland dealership in Ahmedabad, Kheda, Anand, Gandhinagar, Vadodara, Panchmahal and Dahod, all in Gujarat.
  • 2013: The company commenced its Mercedes-Benz Kolkata dealership in West Bengal.
  • 2014: Investment by TPG Growth in the Company.
  • 2016: The company commenced its Renault dealership in Punjab.
  • 2018: The company acquired a competing Volkswagen dealer in Ahmedabad, Gujarat.
  • 2019: Composite Scheme of arrangement and amalgamation in the nature of demerger and amalgamation between the Company, Landmark Commercial Vehicles Private Limited and Watermark Commercial Vehicles Private Limited and their respective shareholders and creditors, approved and sanctioned by the National Company Law Tribunal, Ahmedabad by way of its order dated April 4, 2019.
  • 2019: Composite Scheme of arrangement and amalgamation in the nature of demerger and amalgamation between the Company, Landmark Automobiles Private Limited and Watermark Automobiles Private Limited and their respective shareholders and creditors, approved and sanctioned by the National Company Law Tribunal, Ahmedabad by way of its order dated April 4, 2019, read with order dated April 15, 2019.
  • 2019: Composite Scheme of arrangement and amalgamation in the nature of demerger and amalgamation between Company, Automark Motors Private Limited and Watermark Vehicles Private Limited and their respective shareholders and creditors, approved and sanctioned by the National Company Law Tribunal, Ahmedabad by way of its order dated April 4, 2019, read with order dated April 15, 2019.
  • 2021: Appointed as a dealer for Jeep in Ludhiana and Jalandhar in Punjab.
  • 2021: The company opened a Jeep connect showroom in Thane, Maharashtra.
  • 2021: Acquisition of four service centres of Mercedes-Benz, as a going concern, on a slump sale basis from Shaman Wheels Private Limited in Mumbai, Maharashtra and Navi Mumbai, Maharashtra.
  • 2022: The company opened a BYD showroom in NCR.

Awards, accreditations, and recognitions

  • 2010: Platinum Award for Best Overall Performance - 2010 Category B Benchmark Cars, Ahmedabad, Gujarat.
  • 2013: Highest volume achiever – Bronze was awarded to Landmark Honda at the Annual Dealer Convention, New Delhi.
  • 2013: HR Partner of the Year 2013 was awarded to Benchmark Cars, Gujarat.
  • 2015: Exceptional performance in sales satisfaction was awarded to Landmark Honda Ahmedabad, Gujarat for the sales period July – September 2015 by Honda Cars India Limited.
  • 2015: Mercedes Benz Winner of the best place to work award for 2015 (Category 2) was awarded to Benchmark Cars, Gujarat.
  • 2018: Benchmark Cars - Gujarat was awarded the Best Partner for Daimler Financial Services Category A H1-2018.
  • 2019: Group Landmark was awarded the “Customer Centricity” award by Autocar.
  • 2019: Group Landmark was awarded top dealer of the year (West) at the Auto Retail Forum.
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