Landmark Cars Q1 FY27 Share Price & Earnings Call Analysis
- 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
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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MarginsQ1 FY27 call
FlatSee what Landmark Cars Ltd said on margins — free account, 30 seconds.
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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FundraisingQ1 FY27 call
See what Landmark Cars Ltd said on fundraising — free account, 30 seconds.
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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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
- Strong growth2
- Strong growth1
- M & MGood growth3
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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
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹58,318 Cr | — | |
| 2 | 40%+ | Flat | ₹2,339 Cr | 83.8 | |
| 3 | M & M | 20–40% | Flat | ₹3.63L Cr | 18.9 |
| 4 | 20–40% | Flat | ₹2.00L Cr | 34.4 | |
| 5 | 20–40% | Flat | ₹1.95L Cr | 56.2 | |
| 6 | 20–40% | Flat | ₹17,491 Cr | — |
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Pro shows every company guiding 40%+ revenue growth →Full Automobiles rankingFinancials 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 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 854 | 694 | 771 | 959 | 864 | 832 | 907 | 1,195 | 1,091 | 1,062 | 1,211 | 1,345 | 1,279 |
| Expenses + | 793 | 650 | 716 | 894 | 810 | 783 | 855 | 1,129 | 1,037 | 1,001 | 1,157 | 1,271 | 1,203 |
| Operating Profit | 61 | 44 | 54 | 65 | 54 | 49 | 52 | 66 | 55 | 61 | 54 | 74 | 76 |
| OPM % | 7% | 6% | 7% | 7% | 6% | 6% | 6% | 6% | 5% | 6% | 4% | 5% | 6% |
| Other Income + | 1 | 0 | 3 | 1 | 3 | 1 | -1 | 3 | 6 | 5 | 5 | 3 | 2 |
| Interest | 10 | 11 | 14 | 15 | 14 | 16 | 18 | 20 | 21 | 20 | 20 | 20 | 19 |
| Depreciation | 23 | 23 | 25 | 26 | 27 | 29 | 32 | 34 | 36 | 36 | 38 | 38 | 37 |
| Profit before tax | 29 | 10 | 19 | 25 | 15 | 5 | 0 | 16 | 4 | 10 | 1 | 19 | 21 |
| Tax % | 17% | 27% | -10% | 27% | 29% | 27% | 31% | 26% | 57% | 25% | -148% | 26% | 27% |
| Net Profit + | 24 | 7 | 20 | 18 | 11 | 3 | 0 | 12 | 2 | 7 | 2 | 14 | 15 |
| EPS in Rs | 6.07 | 1.75 | 5.00 | 4.44 | 2.56 | 0.77 | -0.00 | 2.75 | 0.34 | 1.67 | 0.29 | 3.42 | 3.62 |
Financials of Landmark Cars Ltd
Profit & Loss
Annual income statement trend
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,611 | 2,827 | 2,219 | 1,956 | 2,977 | 3,382 | 3,288 | 4,026 | 4,896 |
| Expenses + | 1,561 | 2,745 | 2,142 | 1,842 | 2,800 | 3,144 | 3,069 | 3,803 | 4,631 |
| Operating Profit | 51 | 82 | 77 | 114 | 176 | 238 | 219 | 222 | 265 |
| OPM % | 3% | 3% | 3% | 6% | 6% | 7% | 7% | 6% | 5% |
| Other Income + | 4 | 7 | 6 | 6 | 11 | 4 | 5 | 8 | 15 |
| Interest | 17 | 53 | 45 | 38 | 35 | 51 | 53 | 74 | 80 |
| Depreciation | 13 | 53 | 63 | 62 | 70 | 87 | 101 | 131 | 149 |
| Profit before tax | 25 | -18 | -25 | 20 | 82 | 104 | 70 | 25 | 50 |
| Tax % | 30% | 39% | 17% | 44% | 20% | 18% | 18% | 31% | 24% |
| Net Profit + | 18 | -24 | -29 | 11 | 66 | 85 | 57 | 17 | 38 |
| EPS in Rs | 22.33 | -31.92 | -15.69 | 6.19 | 17.88 | 21.32 | 13.56 | 3.85 | 9.00 |
| Dividend Payout % | 3% | 0% | 0% | 0% | 0% | 11% | 11% | 13% | 0% |
Financials of Landmark Cars Ltd
Balance Sheet
Capital structure and asset base
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 18 | 18 | 18 | 18 | 20 | 21 | 21 | 21 |
| Reserves | 133 | 170 | 151 | 163 | 229 | 450 | 518 | 533 | 564 |
| Borrowings + | 121 | 409 | 327 | 345 | 476 | 430 | 627 | 870 | 876 |
| Other Liabilities + | 343 | 408 | 334 | 360 | 362 | 361 | 383 | 463 | 519 |
| Total Liabilities | 605 | 1,006 | 830 | 887 | 1,085 | 1,261 | 1,549 | 1,887 | 1,979 |
| Fixed Assets + | 143 | 392 | 370 | 326 | 497 | 509 | 594 | 762 | 778 |
| CWIP | 43 | 0 | 1 | 2 | 5 | 6 | 2 | 3 | 2 |
| Investments | 0 | 0 | 10 | 13 | 17 | 16 | 16 | 16 | 16 |
| Other Assets + | 419 | 614 | 449 | 546 | 566 | 730 | 937 | 1,106 | 1,182 |
| Total Assets | 605 | 1,006 | 830 | 887 | 1,085 | 1,261 | 1,549 | 1,887 | 1,979 |
Financials of Landmark Cars Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 13 | 55 | 210 | 76 | 76 | 71 | 41 | 152 | 267 |
| Cash from Investing Activity + | -57 | -38 | -66 | -34 | -34 | -72 | -113 | -164 | -63 |
| Cash from Financing Activity + | 60 | -28 | -148 | -38 | -38 | 1 | 65 | 23 | -191 |
| Net Cash Flow | 16 | -11 | -5 | 5 | 5 | -1 | -8 | 11 | 14 |
| Free Cash Flow | -43 | 22 | 191 | 41 | 41 | 3 | -38 | 22 | 213 |
| CFO/OP | 41% | 85% | 277% | 88% | 57% | 40% | 31% | 76% | 107% |
Financials of Landmark Cars Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 10 | 10 | 4 | 10 | 8 | 11 | 15 | 16 | 12 |
| Inventory Days | 58 | 50 | 43 | 64 | 48 | 59 | 78 | 71 | 60 |
| Days Payable | 61 | 10 | 11 | 22 | 21 | 15 | 16 | 15 | 10 |
| Cash Conversion Cycle | 6 | 50 | 37 | 52 | 35 | 55 | 77 | 72 | 61 |
| Working Capital Days | -14 | -12 | -20 | -8 | -10 | 11 | 17 | 6 | 4 |
| ROCE % | 8% | 4% | 12% | 19% | 20% | 12% | 8% | 9% |
Guidance history
How Landmark Cars Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Flat | Planned | — | — |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | — |
| 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.
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.
| Period | Share price change | Better 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.
Continue your research
What Landmark Cars Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q2 FY24 earnings call →
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