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Landmark Cars Ltd share Price Today

Company details

713.00
736.00
658.00
905.00
6M Return -4.17%
1Y Return 4.23%
Mkt Cap.(Cr) 2,981.77
Volume 286,483
Div Yield 0.21%
OI
-
OI Chg %
-
Volume 286,483

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Specialty Retail firm Landmark Cars announced Q3FY23 results:

Consolidated Q3FY23:

  • Proforma revenue (including the value of cars sold under Mercedes Benz Agency Model) for the quarter saw a 23% upsurge on a YoY basis to reach Rs 12,031 million.
  • Gross profit for Q3FY23 stood at Rs 1,629 million as compared to Rs 1,385 million in Q3FY22.
  • In Q3FY23, EBITDA stood at Rs 734 million as compared to Rs 539 million in the corresponding quarter last year.
  • In Q3FY23, PAT stood at Rs 258 million (after exceptional item loss of Rs 64 million) as compared to Rs 191 million in Q3FY22.

Consolidated 9MFY23:

  • Proforma revenues (including the value of cars sold under Mercedes Benz Agency Model) grew by 41% on a YoY basis to reach Rs 33,824 million and crossed our full year performance during FY22. This growth was driven by solid performance across both new car and after sales verticals.
  • Gross profit for 9MFY23 stood at Rs 4,560 million as compared to Rs 3,369 million in 9MFY22.
  • With a strong operating leverage in play, we recorded our highest ever EBITDA of Rs 1,908 million (45% YoY growth). EBITDA in the nine month period has already surpassed our full year EBITDA for FY22.
  • Our PBT before exceptional items also followed a better growth trajectory and stood at Rs 853 million (51.5% YoY growth). Having repaid Rs 1,380 million, we expect to record significantly lower interest expense from Q4FY23 onwards which will further elevate our profitability.
  • In 9MFY23, PAT stood at Rs 608 million (after exceptional item loss of Rs 103 million) as compared to Rs 471 million in 9MFY22.

Commenting on the performance Mr. Sanjay Thakker, Promoter and Chairman, Landmark Cars Limited said, “This has been a momentous quarter for the company with the recent listing on stock exchanges, working on new initiatives internally and launching deliveries of a new OEM partner. We would like to thank all our stakeholders for the confidence shown in us and as our tag line suggests – You Drive Us!

The Indian car market is witnessing a radical shift towards premium brands. The premium cars growth is outshining the overall growth in the Indian cars industry. Global OEMs are looking at India as a prominent market with substantial growth potential. Landmark with its portfolio of premium brands is fully geared to capture a lion’s share of this growth.

We recorded our best ever performance over this nine-month period. Our proforma revenues, which include value of cars sold under the Mercedes-Benz Agency Model, grew by 41% YoY, with our PAT growing by 30% YoY (after exceptional Loss of Rs. 103 Mn).

Recent awards won by Landmark are a testament of our leadership position in the Indian premium cars market. Our stellar performance during the nine-month period demonstrates underlying strength of our comprehensive business portfolio. The formidable position we have been in, over the years will only further solidify with streamlined, efficient operations, an incredible talent pool delivering high-quality customer service and further strengthening the deep OEM relationships and networks built over the years.”

 

 

Result PDF

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Landmark Cars Ltd shares SWOT Analysis

Strengths (6)

  • Company with Low Debt
  • Increasing Revenue every quarter for the past 3 quarters
  • Increasing profits every quarter for the past 2 quarters

Weakness (5)

  • Negative profit growth, promoters decreasing shareholding QoQ
  • Declining Net Cash Flow : Companies not able to generate net cash
  • Major fall in TTM Net Profit

Opportunity (1)

  • Street Favorite: High Analyst Rating with at least 20% upside

Threats (3)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • RSI indicating price weakness

Resistance and support

R1 734.4
R2 746.7
R3 757.4
Pivot

723.70

S1 711.4
S2 700.7
S3 688.4
EMA SMA
755.7
761.1
762.7
741.5
762.5
757.0
773.3
763.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
BAJAJ FINANCE LIMITED Bulk Sell 2023-12-20 805.58 320000 BSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-12-18 858.02 224828 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2023-12-18 859.26 224828 NSE
Name Category Shares
Sanjay Karsandas Thakker PROMOTER 36.39%
Ami Sanjay Thakker PROMOTER 12.92%
Aryaman Sanjay Thakker PROMOTER 1.73%

OUR RESEARCH VIEW

Investment recommendation
Drive into the realm of PV premiumization…
Call Date
01 Mar 2024
Entry Price 720.00
Target Price 920.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
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Landmark Cars Ltd Stocks COMPARISON

Financials( in Cr) Landmark Cars Ltd Adani Enterprises Ltd Aegis Logistics Ltd Cello World Ltd Redington Ltd
Price 722.10 3,384.95 710.25 919.40 206.35
% Change -5.57 -0.07 12.72 -0.51 -1.13
Mcap Cr 2,981.77 385,884.64 24,929.78 19,512.52 16,131.91
Revenue TTM Cr 3,382.35 69,420.18 8,627.21 1,796.70 79,376.78
Net Profit TTM Cr 85.10 475.37 510.70 285.07 1,439.39
PE TTM 51.13 103.79 43.87 58.84 13.22
1 Year Return 4.23 28.52 92.56 16.13 20.92
ROCE 18.67 6.57 17.08 45.20 25.43
ROE 23.75 2.41 17.88 134.44 22.65
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 469.73 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 36,628.54 -24,386.86
LAST 3M 102,786.44 -29,845.85
LAST 6M 169,824.52 52,410.32
LAST 12M 264,693.58 128,545.97
Board of Landmark Cars recommends final dividend

May 24, 2024 l BSE Announcement

Landmark Cars Limited - Copy of Newspaper Publication

May 24, 2024 l NSE Announcement

Board Meeting for Today

May 23, 2024 l Board Meetings for Today

Date Action Type Ratio
Sep 11, 2023 Dividend 45

Landmark Cars Ltd Information

Stock PE (TTM)
51.13
Promoter Holding
51.59%
Book Value
130.4147
ROCE
18.67%
ROE
23.75%
Description
  • Landmark Cars Limited was originally incorporated as `Landmark Insurance Broking Private Limited` in Mumbai, Maharashtra, as a Private Limited Company under the Companies Act, 1956, dated February 23, 2006, issued by the RoC. The name of Company was subsequently changed to `Landmark Cars Private Limited` on May 6, 2009. Thereafter, Company converted into a Public Company on November 10, 2021 and name of the Company was changed to `Landmark Cars Limited`, pursuant to a fresh certificate of incorporation issued by the RoC on December 3, 2021. The Company is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault. It cater to commercial vehicle retail business in India. It has presence across the automotive retail value chain, including sales of new vehicles, after-sales services and repairs (including sales of spare parts, lubricants and accessories), sales of pre-owned passenger vehicles and facilitation of sales of third-party financial and insurance products. Presently, the Company has currently expanded network to include 112 outlets in 8 Indian states and union territories, which comprised of 59 showrooms and outlets and 53 after-sales service and spares outlets, as of June 30, 2022. It has focused on premium and luxury automotive segments. In addition, the Company is the third largest dealership in India for Renault in terms of wholesale sales contribution for calendar year 2021. In Fiscal 2022, it contributed 15.8% to retail sales of Mercedes-Benz, 5.8% to wholesale sales of Honda, 8.7% to wholesale sales of Volkswagen, 26.8% to wholesale sales of Jeep and 5.1% to wholesale sales of Renault. In 1998, the Company started their operations and opened first dealership for Honda in Ahmedabad, Gujarat In 2009, it commenced Volkswagen dealership and the Mercedes-Benz dealership in Ahmedabad, Gujarat. In 2012, it commenced Ashok Leyland dealership at Ahmedabad, Kheda, Anand, Gandhinagar, Vadodara, Panchmahal and Dahod, in Gujarat. In 2013, it commenced their Mercedes-Benz Kolkata dealership in West Bengal. In 2016, the Renault dealership commenced in Punjab. In 2018, the Company acquired a competing Volkswagen dealer in Ahmedabad, Gujarat. During 2019, a Composite Scheme of Arrangement and Amalgamation between the Company, Landmark Commercial Vehicles Private Limited and Watermark Commercial Vehicles Private Limited and their respective shareholders and creditors got approved and sanctioned by the National Company Law Tribunal, Ahmedabad by way of its Order dated April 4, 2019. A Composite Scheme of Arrangement and Amalgamation for demerger and amalgamation between Company, Landmark Automobiles Private Limited and Watermark Automobiles Private Limited and their respective shareholders and creditors, was 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. A Composite Scheme of Arrangement and Amalgamation for demerger and amalgamation between the Company, Automark Motors Private Limited and Watermark Vehicles Private Limited and their respective shareholders and creditors, was 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, with the Appointed date, April 01, 2018. The Company was appointed as a dealer for Jeep at Ludhiana and Jalandhar in Punjab during the year 2021. It opened a Jeep connect showroom in Thane, Maharashtra. It acquired 4 service centres of Mercedes-Benz, as a going concern, on a slump sale basis from Shaman Wheels Private Limited in Mumbai and Navi Mumbai, Maharashtra. In 2022, it opened a BYD brand passenger car showrooms to be their dealer in Delhi and Mumbai. The Company came out with a Public Issue during December, 2022 by raising Rs. 552 crores through Fresh Issue amounting to Rs. 150 crores and Offer for Sale amounting to Rs. 402 crores.

No Data Found

AGM Date (Month) : Sep
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 543714
NSE Code : LANDMARK
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE559R01029

FAQ’s on Landmark Cars Ltd Shares

You can buy Landmark Cars Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Landmark Cars Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 24, 2024 03:59 PM the closing price of Landmark Cars Ltd was Rs.722.10.

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 May 24, 2024 03:59 PM, the market cap of Landmark Cars Ltd stood at Rs. 2,981.77.

The latest PE ratio of Landmark Cars Ltd as of May 24, 2024 03:59 PM is 51.13

The latest PB ratio of Landmark Cars Ltd as of May 24, 2024 03:59 PM is 0.18

The 52-week high of Landmark Cars Ltd share price is Rs. 905.00 while the 52-week low is Rs. 658.00

According to analyst recommendations, Landmark Cars Ltd Share has a "Buy" rating for the long term.

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