Landmark Cars Q1 FY27 Share Price & Earnings Call Analysis

₹448.00+2.35% today
Market cap
₹1,857 Cr
P/E
39.45
ROE
6.83%
PEG
-1.63
Price to sales
0.37
Debt to equity
1.50
52W high / low
₹630 / ₹349
Sales growth (5Y)
20.14%
EBITDA margin
5.37%
Net profit margin
0.81%
Promoter holding
49.93%
Sales (last year)
₹5,137 Cr

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]

Guidance scorecard · Q1 FY27 call

What Landmark Cars Ltd's management guided
and where it ranks in Automobiles

#8of 11 in
Automobiles

RevenueQ1 FY27 call

20–40%
  • Revenue expected to grow due to newer launches, better availability, and increasing average selling price (ASP).
  • Volume growth anticipated to drive most of the sales increase, with price hikes contributing around 3%.
  • After-sales revenue projected to grow faster, especially from EV segments, as they have higher service frequency and revenue per vehicle.
  • Capacity expansions, such as new workshops and outlets, to sustain and support growth momentum over next few years.
  • Electric vehicles (EVs) penetration increasing, with 30% of vehicles sold by value being EVs at Landmark, much higher than industry average.
  • Upside potential in after-sales revenue for new high-growth brands significant as capacities and customer base expand.

2 more points from Landmark Cars Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Landmark Cars Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Landmark Cars Limited is selectively expanding service facilities to increase capacities, exemplified by inaugurating a large 50,000 sq. ft. workshop in Mumbai catering to Mercedes-Benz, BYD, and Jeep.
  • They are adding more workshop capacity, focusing on number of service bays rather than just workshop count, to support growing aftersales, especially for brands like Mahindra, Kia, MG, and BYD.
  • New workshops, such as the upcoming Mahindra workshop in Hyderabad and the recently operational Pune outlets for BYD, indicate ongoing capacity expansion to sustain growth.
  • The company is in talks with OEMs for potential new partnerships and expansions but plans to proceed cautiously and on their terms.

2 more points from Landmark Cars Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Landmark Cars Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • BYD supply is expected to significantly improve throughout the rest of the year.
  • New launches across multiple brands (MG, BYD, Kia, Honda) are expected to boost volumes and order inflow.
  • The Syros EV by Kia has received very healthy order bookings across India.

2 more points from Landmark Cars Ltd's call on the order book

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Full Q1 FY27 analysis

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Automobiles
on management's own guidance

  1. 2
  2. Strong growth
    1
  3. M & MGood growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Automobiles companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹58,318 Cr—
240%+Flat₹2,339 Cr83.8
3M & M20–40%Flat₹3.63L Cr18.9
420–40%Flat₹2.00L Cr34.4
520–40%Flat₹1.95L Cr56.2
620–40%Flat₹17,491 Cr—

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Financials of Landmark Cars Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Landmark Cars Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +8546947719598648329071,1951,0911,0621,2111,3451,279
Expenses +7936507168948107838551,1291,0371,0011,1571,2711,203
Operating Profit61445465544952665561547476
OPM %7%6%7%7%6%6%6%6%5%6%4%5%6%
Other Income +103131-1365532
Interest10111415141618202120202019
Depreciation23232526272932343636383837
Profit before tax2910192515501641011921
Tax %17%27%-10%27%29%27%31%26%57%25%-148%26%27%
Net Profit +24720181130122721415
EPS in Rs6.071.755.004.442.560.77-0.002.750.341.670.293.423.62

Financials of Landmark Cars Ltd

Profit & Loss

Annual income statement trend

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +1,6112,8272,2191,9562,9773,3823,2884,0264,896
Expenses +1,5612,7452,1421,8422,8003,1443,0693,8034,631
Operating Profit518277114176238219222265
OPM %3%3%3%6%6%7%7%6%5%
Other Income +47661145815
Interest175345383551537480
Depreciation135363627087101131149
Profit before tax25-18-252082104702550
Tax %30%39%17%44%20%18%18%31%24%
Net Profit +18-24-29116685571738
EPS in Rs22.33-31.92-15.696.1917.8821.3213.563.859.00
Dividend Payout %3%0%0%0%0%11%11%13%0%

Financials of Landmark Cars Ltd

Balance Sheet

Capital structure and asset base

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital81818181820212121
Reserves133170151163229450518533564
Borrowings +121409327345476430627870876
Other Liabilities +343408334360362361383463519
Total Liabilities6051,0068308871,0851,2611,5491,8871,979
Fixed Assets +143392370326497509594762778
CWIP4301256232
Investments0010131716161616
Other Assets +4196144495465667309371,1061,182
Total Assets6051,0068308871,0851,2611,5491,8871,979

Financials of Landmark Cars Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +135521076767141152267
Cash from Investing Activity +-57-38-66-34-34-72-113-164-63
Cash from Financing Activity +60-28-148-38-3816523-191
Net Cash Flow16-11-555-1-81114
Free Cash Flow-432219141413-3822213
CFO/OP41%85%277%88%57%40%31%76%107%

Financials of Landmark Cars Ltd

Ratios

Working capital efficiency and return ratios

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1010410811151612
Inventory Days585043644859787160
Days Payable611011222115161510
Cash Conversion Cycle65037523555777261
Working Capital Days-14-12-20-8-10111764
ROCE %8%4%12%19%20%12%8%9%

Guidance history

How Landmark Cars Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%FlatPlanned——
Q4 FY26 call →10–20%FlatPlanned——
Q3 FY26 call →10–20%Up 0–2%Planned—Rising
Q2 FY26 call →20–40%Up 0–2%Planned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

21out of 100

Momentum score · price trend

21 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−28.9%24%
Last 6 months+11.3%68%
Last 3 months−17.0%24%

The price is 46.3% below its all-time high of ₹834.3 (29 Dec 2023). Stocks more than 20% below their peak have their score halved, so 42 became 21.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Landmark Cars Ltd: 0.4 × 24 + 0.4 × 68 + 0.2 × 24 = 42, halved to 21 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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