Operates a multi-brand automotive dealership network selling new passenger vehicles and providing after-sales service for brands including Mercedes-Benz, MG (JSW MG Motor), BYD, Renault, Mahindra & Mahindra, Honda and KIA. In Q1 FY27 (provisional, unaudited), vehicle sales reached Rs 1,465 crore (up 24.15% YoY) and after-sales service revenue was Rs 268 crore (up 14.04% YoY), driven by deliveries of the Mercedes-Benz CLA, MG Majestor and the new Renault Duster. The group runs 16 MG Motor outlets today and is adding a 17th — a new MG Experia showroom in Vastral, Ahmedabad via wholly-owned subsidiary Aeromark Cars — which will be its second MG outlet in Ahmedabad, where the group has operated for 27 years. The Mercedes-Benz dealership agreement with subsidiary LCEPL has been materially converted to an agency model, under which Mercedes-Benz India sells directly to customers and the group now earns commission income on each vehicle instead of booking the full sale value. Materials cost accounted for 84.2% of FY26 revenue, reflecting the inventory-intensive dealer model, with FY26 consolidated revenue of Rs 4,896.229 crore and an EBITDA margin of 5.7059%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. New vehicle sales, After-sales service, Mercedes-Benz commission income. Asset-light showroom model but inventory-heavy; multi-brand auto retail with a shift toward agency/commission income on the Mercedes-Benz franchise.
| ₹ crore · consolidated | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 3,382 | 3,288 | 4,025 | 4,896 |
| EBITDA (ex other income) | 230 | 215 | 217 | 261 |
| margin % | 6.8 | 6.5 | 5.4 | 5.3 |
| Owners' profit | 84 | 57 | 16 | 37 |
| EPS, as reported (₹) | 22.56 | 13.82 | 3.85 | 9.01 |
| ROE % · ROCE % | 18.0 · 21.9 | 10.6 · 14.7 | 3.1 · 10.4 | 6.5 · 13.2 |
| Debt / equity (x) | 0.45 | 0.85 | 0.94 | 0.85 |
| Cash from operations | 71 | 41 | 152 | 267 |
| Capex | (72) | (85) | (137) | (65) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 907 | 1,195 | 1,091 | 1,062 | 1,211 | 1,345 | 1,279 | 1,302 |
| Profit before tax | 0 | 16 | 4 | 10 | 1 | 19 | 21 | 19 |
| Net profit | 0 | 12 | 2 | 7 | 2 | 14 | 15 | 15 |
| EPS (₹) | (0.01) | 2.75 | 0.34 | 1.67 | 0.29 | 3.42 | 3.63 | 3.51 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LANDMARK CARS LIMITED ◆ | 2,015 | 44.8 | 3.45 | 8.9 | 6.5 | 5.1 | — | 5.8 |
| POPULAR VEHICLES N SER L | 726 | — | 1.16 | 6.2 | (2.0) | (1.0) | — | 3.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 44.8 | 27.2 | 13 of 17 | 25% |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · Analyst and investor group meeting scheduled for September 9, 2026 in Mumbai | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Landmark Cars shares FY26 Annual Report web link ahead of September 24 AGM | general | medium | — | — |
| 3 Sept 2026 · Landmark Cars 20th AGM on September 24 via video conferencing | compliance | minimal | — | — |
| 2 Sept 2026 · Landmark Cars files Business Responsibility and Sustainability Report for FY26 | compliance | minimal | — | — |
| 2 Sept 2026 · Landmark Cars files FY26 Annual Report; 20th AGM on Sep 24, 2026 | board shareholder meetings | medium | — | — |
| 2 Sept 2026 · Landmark Cars 20th AGM on Sep 24, 2026; dividend Rs 1.50 per share declared | board shareholder meetings | medium | — | — |
| 19 Aug 2026 · Landmark Cars Q1 FY27 earnings call transcript filed | investor communications | medium | — | — |
| 18 Aug 2026 · Landmark Cars schedules investor meeting with Jefferies on Aug 21 | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Landmark Cars Q1 FY27 profit nearly doubles YoY | compliance | minimal | — | — |
| 12 Aug 2026 · Audio recording of Q1 FY27 earnings call uploaded on website | investor communications | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| P/B | 3.5 | 4.8 | 7 of 17 | 63% |
| ROCE | 5.1 | 10.9 | 14 of 20 | 32% |
| ROE | 6.5 | 14.6 | 11 of 17 | 38% |
| Debt / Equity | 0.8 | 0.6 | 13 of 17 | 25% |
| EBITDA margin | 5.8 | 10.9 | 12 of 17 | 31% |
| Revenue growth | 22.7 | 29.7 | 10 of 16 | 40% |
| Profit growth | 97.5 | 16.9 | 2 of 17 | 94% |
| Market cap | 2015 | 17824 | 13 of 21 | 40% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
