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Landmark Cars Ltd.
(LANDMARK)
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Rating:46Neutral
Price Target:
₹463.00
▼(-2.59% Downside)
Action:Reiterated
Date:10/16/26
The score is weighed down primarily by demanding valuation (high P/E with low yield) and weak near-term technical signals (below key moving averages and negative MACD). Financial performance is mixed—strong revenue growth and improved 2026 operating cash flow, but thin/volatile profitability, uneven cash conversion, and elevated leverage limit the overall rating.
Positive Factors
Revenue Growth
Strong revenue growth indicates that Landmark is expanding its dealership activity and customer reach. If sustained, higher sales can improve operating scale, support investment across outlets and services, and strengthen the company’s ability to absorb fixed operating costs over the next several quarters.
Negative Factors
Elevated Leverage
Leverage remains high for a cyclical dealership business despite improving from 2025. A debt-heavy structure can increase financing and repayment demands, reduce flexibility during weaker vehicle demand, and constrain the capital available for expansion or other strategic priorities.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Strong revenue growth indicates that Landmark is expanding its dealership activity and customer reach. If sustained, higher sales can improve operating scale, support investment across outlets and services, and strengthen the company’s ability to absorb fixed operating costs over the next several quarters.
Read all positive factors
Landmark Cars Ltd. (LANDMARK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹18.16B
Dividend Yield0.34%
Average Volume (3M)36.82K
Price to Earnings (P/E)40.6
Beta (1Y)1.03
Revenue Growth20.72%
EPS Growth128.08%
CountryIN
Employees5,120
SectorGeneral
Sector StrengthN/A
IndustryAuto - Dealerships
Share Statistics
EPS (TTM)10.85
Shares Outstanding41,464,910
10 Day Avg. Volume20,368
30 Day Avg. Volume36,820
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)2.57
Price to Sales (P/S)0.31
P/FCF Ratio12.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)18.71
Revenue Forecast (FY)₹57.69B
Landmark Cars Ltd. Business Overview & Revenue Model
Company Description
Landmark Cars Limited engages in the automotive retail business in India. It provides dealership services for Honda, Mercedes-Benz, Renault, Jeep, Volkswagen, Ashok Leyland, BYD, MG Motors, Mahindra & Mahindra, Citroen, and Kia. It also offers car...
How the Company Makes Money
Landmark Cars Ltd. generates revenue primarily through its automotive dealership operations. Key revenue streams typically include (1) sale of new vehicles—earning dealer margins/discount-based spreads between the purchase cost from OEMs and the r...
Landmark Cars Ltd. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
52
Neutral
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 51.40B | 48.96B | 40.25B | 32.30B | 33.46B | 29.54B |
| Gross Profit | 7.17B | 3.68B | 6.97B | 2.14B | 2.47B | 1.88B |
| EBITDA | 2.88B | 2.79B | 2.30B | 2.24B | 2.44B | 1.88B |
| Net Income | 449.47M | 373.11M | 159.32M | 560.05M | 844.94M | 654.84M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 19.79B | 18.89B | 15.51B | 12.62B | 10.85B |
| Cash, Cash Equivalents and Short-Term Investments | 564.67M | 564.67M | 854.74M | 173.47M | 236.94M | 266.58M |
| Total Debt | 0.00 | 10.15B | 9.72B | 7.25B | 5.09B | 5.38B |
| Total Liabilities | -5.85B | 13.95B | 13.31B | 10.09B | 7.91B | 8.37B |
| Stockholders Equity | 5.85B | 5.85B | 5.54B | 5.39B | 4.70B | 2.47B |
Cash Flow | ||||||
| Free Cash Flow | 1.39B | 1.25B | 146.76M | -443.85M | -9.54M | 348.91M |
| Operating Cash Flow | 1.77B | 1.90B | 1.52B | 408.12M | 709.90M | 764.39M |
| Investing Cash Flow | -399.19M | -794.59M | -1.64B | -1.13B | -722.23M | -339.18M |
| Financing Cash Flow | -1.28B | -964.87M | 234.54M | 645.83M | 5.43M | -375.43M |
Landmark Cars Ltd. Technical Analysis
Negative
475.30
Price Trends
483.68
Negative
480.72
Negative
439.82
Negative
Market Momentum
-14.90
Positive
40.41
Neutral
26.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:LANDMARK, the sentiment is Negative. The current price of 475.3 is above the 20-day moving average (MA) of 459.25, below the 50-day MA of 483.68, and above the 200-day MA of 439.82, indicating a bearish trend. The MACD of -14.90 indicates Positive momentum. The RSI at 40.41 is Neutral, neither overbought nor oversold. The STOCH value of 26.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:LANDMARK.
Landmark Cars Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
IN:LANDMARK
Landmark Cars Ltd.
437.90
-193.04
-30.60%
IN:CARTRADE
CarTrade Tech Ltd.
2,463.00
-494.25
-16.71%
IN:PVSL
Popular Vehicles and Services Limited
93.99
-51.66
-35.47%
Landmark Cars Ltd. Corporate Events
Landmark Cars Schedules Investor and Analyst Meeting in Mumbai
Oct 15, 2026
Landmark Cars Limited operates in the automotive retail and services industry, focusing on vehicle sales and related after-sales offerings to a broad customer base in India. Its presence as an organized dealership player supports engagement with r...
Landmark Cars bolsters board with new and renewed independent directors
Sep 25, 2026
Landmark Cars Limited has strengthened its board of directors with shareholder approval at the 20th Annual General Meeting for key independent director positions. The company announced the reappointment of Manish Chokhani for a three-year second t...
Landmark Cars, OLX India Team Up on Phygital Used-Car Platform
Sep 24, 2026
Landmark Cars Limited and OLX India have entered into a strategic partnership to develop an integrated phygital platform for India’s pre-owned car market, combining Landmark’s extensive physical retail and service network with OLX Indi...
Landmark Cars Plans Mumbai Investor Meeting Under SEBI Norms
Sep 4, 2026
Landmark Cars Limited has scheduled a physical group meeting with analysts and institutional investors in Mumbai on September 09, 2026, beginning at 10:00 a.m. onwards. The engagement is part of the company’s broader investor-relations effor...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.