Added to YB: 2026-03-03
Pitch date: 2026-02-27
LANDMARK.NS [neutral]
Landmark Cars Limited
+1.44%
current return
Author Info
Zen Nivesh analyses India’s equity markets to help you discover high-conviction, research-backed stock ideas—long before they hit the mainstream. Our edge lies in identifying fundamentally strong, underfollowed companies with serious upside potential. Sign up for the newsletter.
Company Info
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.
Market Cap
INR 17.1B
Pitch Price
INR 400.00
Price Target
N/A
Dividend
0.12%
EV/EBITDA
10.72
P/E
72.26
EV/Sales
0.55
Sector
Specialty Retail
Category
turnaround
Landmark Cars: A deep dive
LANDMARK.NS (deep dive): Honda dealership since 1998, now 141-outlet multi-brand platform (Mercedes, VW, Renault, Jeep, BYD). ~21,300 vehicles sold annually, 318,000 serviced. After-sales is margin anchor. Post-IPO faced Max Q: GST transitions, margin compression, inventory pressure. Inventory days below industry; OCF strengthening. Cash PAT narrative shift signals maturity. Key question: Has accumulated enough structural energy (working capital discipline, after-sales annuity, cash conversion) to escape OEM dependency gravity? Not yet unbound, but building escape velocity.
Read full article (8 min)