Landmark Cars Ltd. (LANDMARK) AI Stock Analysis

• Market Cap: ₹17.67B
• Dividend Yield: 0.1%
• Average Volume (3M): 27.25K
• Price to Earnings (P/E): 80.4
• Beta (1Y): 1.01
• Revenue Growth: 27.97%
• EPS Growth: -35.12%
• Country: IN
• Employees: 4,432
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Dealerships
• EPS (TTM): -0.05
• Shares Outstanding: 41,464,910
• 10 Day Avg. Volume: 38,821
• 30 Day Avg. Volume: 27,247
• PEG Ratio: -1.42
• Price to Book (P/B): 2.95
• Price to Sales (P/S): 0.41
• P/FCF Ratio: 111.23
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: ₹407.00 ▼(-14.37% Downside)

The score is held back primarily by weak technicals (price below all major DMAs with bearish MACD) and stretched valuation (high P/E), while financials are mixed—strong revenue growth and better free cash flow, but very low margins and high leverage.

Positive Factors

Revenue Growth

Sustained 27% revenue growth indicates the company is expanding market reach or volume in its dealership operations. Over a 2-6 month horizon this growth supports scale advantages, potential fixed-cost absorption and provides a foundation for future margin recovery if cost control improves.

Free Cash Flow Improvement

Turning free cash flow positive signals durable improvement in cash conversion and working-capital management. Positive FCF reduces reliance on external financing, supports debt servicing and reinvestment, and is a more persistent indicator of financial health than one-off earnings.

Operating Cash Generation

A very high operating cash flow to net income ratio demonstrates strong cash quality of earnings and efficient collection/working-capital cycles. This durable cash generation underpins liquidity, funds capex or debt payments and reduces insolvency risk over the medium term.

Negative Factors

High Leverage

Significant leverage raises structural financial risk: higher interest burden and refinancing exposure can erode cash available for operations and investment. In a cyclical auto-dealership industry, elevated debt limits flexibility to withstand downturns and fund strategic initiatives.

Very Low Net Margin

An extremely thin net margin leaves little buffer against cost increases or pricing pressure in sales. Persistently low profitability constrains the company's ability to retain earnings, fund growth organically, or build reserves, making long-term value creation challenging.

Weak Return on Equity

Low ROE indicates limited effectiveness in converting equity into shareholder returns despite top-line growth. Over months this suggests suboptimal capital allocation or margin conversion, reducing appeal to equity investors and limiting reinvestment capacity.

Landmark Cars Ltd. Business Overview & Revenue Model

Company Description

Landmark Cars Ltd. provides auto dealership services. It engages in dealerships with Mercedes-Benz, Honda, Jeep, Volkswagen, and Renault. It also caters to the commercial vehicle retail business. It operates through the Mass/Premium, and Luxury Segments. The Mass/Premium segment comprises of basic vehicles such as micro, mini, lower compact, and vans. The Luxury segment offers high end vehicles at high premium prices like Mercedes, BMW, Audi, Volvo, and JLR. The company was founded on February 23, 2006 and is headquartered in Mumbai, India.

How the Company Makes Money

Landmark Cars Ltd. generates revenue primarily through multiple streams including the sale of new and used vehicles, which constitutes a significant portion of its income. Additionally, the company earns income from financing options it provides to customers, as well as from after-sales services such as maintenance, repairs, and parts sales. Strategic partnerships with automotive manufacturers enable Landmark to benefit from promotional support and access to exclusive vehicle inventory, further enhancing its sales capabilities. The company also leverages online platforms for vehicle sales, increasing its market reach and customer engagement, which contributes to its overall earnings.

Landmark Cars Ltd. Financial Statement Overview

Summary

Strong revenue growth (27.13% YoY) and improved free cash flow (from negative to positive) are positives, but profitability is very thin (net margin 0.40%), leverage is high (debt-to-equity 1.75), and returns are low (ROE 2.88%), which raise risk and limit overall quality.

Income Statement

Landmark Cars Ltd. has shown a revenue growth rate of 27.13% from 2024 to 2025, indicating strong top-line growth. However, the net profit margin is relatively low at 0.40%, and the decline in gross profit from the previous year suggests pressures on cost efficiency. The EBIT and EBITDA margins are moderate, reflecting reasonable operational efficiency but highlighting challenges in translating revenue growth into higher net profitability.

Balance Sheet

The company's balance sheet shows a high debt-to-equity ratio of 1.75, indicating significant leverage, which may increase financial risk. However, the equity ratio of 29.34% suggests a moderate reliance on equity financing. The return on equity is low at 2.88%, pointing to challenges in generating substantial returns for shareholders despite revenue growth.

Cash Flow

Landmark Cars Ltd. has improved its free cash flow from a negative position in 2024 to a positive one in 2025, indicating better cash management. However, the free cash flow to net income ratio is 0.92, suggesting limited free cash flow relative to net income. The operating cash flow to net income ratio of 9.54 is strong, denoting effective cash generation from operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	42.55B	40.25B	32.30B	33.46B	29.54B	19.03B
Gross Profit	7.17B	6.97B	4.71B	2.47B	1.88B	2.38B
EBITDA	2.47B	2.30B	2.24B	2.44B	1.88B	1.19B
Net Income	196.63M	159.32M	560.05M	844.94M	654.84M	113.31M
Balance Sheet
Total Assets	0.00	18.89B	15.51B	12.62B	10.85B	8.88B
Cash, Cash Equivalents and Short-Term Investments	413.15M	854.74M	173.47M	236.94M	266.58M	150.34M
Total Debt	0.00	9.72B	7.25B	5.09B	5.38B	4.63B
Total Liabilities	-5.58B	13.31B	10.09B	7.91B	8.37B	7.06B
Stockholders Equity	5.58B	5.54B	5.39B	4.70B	2.47B	1.82B
Cash Flow
Free Cash Flow	0.00	146.76M	-443.85M	-9.54M	348.91M	279.61M
Operating Cash Flow	0.00	1.52B	408.12M	709.90M	764.39M	427.64M
Investing Cash Flow	0.00	-1.64B	-1.13B	-722.23M	-339.18M	-220.28M
Financing Cash Flow	0.00	234.54M	645.83M	5.43M	-375.43M	-334.03M

Landmark Cars Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 475.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:LANDMARK, the sentiment is Neutral. The current price of 475.3 is above the 20-day moving average (MA) of 406.32, above the 50-day MA of 464.57, and below the 200-day MA of 517.57, indicating a neutral trend. The MACD of -19.92 indicates Negative momentum. The RSI at 51.30 is Neutral, neither overbought nor oversold. The STOCH value of 79.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:LANDMARK.

Landmark Cars Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RAJRATAN	66 Neutral	₹22.82B	31.26	―	0.42%	7.76%	-21.05%
TALBROAUTO	65 Neutral	₹16.49B	16.94	―	0.32%	0.74%	-17.90%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
RANEHOLDIN	60 Neutral	₹19.61B	22.39	―	2.97%	54.99%	-66.73%
RML	57 Neutral	₹21.29B	25.43	―	1.07%	54.17%	1117.99%
IGARASHI	54 Neutral	₹12.96B	83.51	―	0.57%	0.94%	-32.59%
LANDMARK	51 Neutral	₹17.67B	80.37	―	0.10%	27.97%	-35.12%

Landmark Cars Ltd. Corporate Events

Landmark Cars to Infuse Rs 80 Crore into Auto Retail Subsidiaries to Cut Debt

Landmark Cars Limited’s board has approved an equity infusion of Rs 80 crore into three of its wholly owned subsidiaries—Aeromark Cars Private Limited, Landmark Premium Cars Private Limited and Landmark Mobility Private Limited—by subscribing to their rights issues of optionally convertible redeemable preference shares. The transaction, classified as a related-party deal since the subsidiaries are promoted by Landmark Cars, is aimed at reducing intra-group borrowings at the subsidiary level, which is expected to strengthen the company’s balance sheet, optimise its capital structure across its automotive retail entities and potentially improve financial flexibility for future growth in its dealer operations.