Sells passenger cars, commercial vehicles and luxury vehicles through a multi-brand dealership network. In FY26, revenue of Rs 6,381 crore came from passenger cars excluding luxury (46.2% of segment revenue), commercial vehicles (38.8%), luxury vehicles (8.5%) and other streams including EV, used cars and service (6.4%). The dealership network spans Kerala, Tamil Nadu, Karnataka, Telangana, Andhra Pradesh and Punjab, handling brands such as Maruti Suzuki, BharatBenz and Audi after divesting its Honda and Piaggio businesses during the year. New vehicle volumes reached 53,452 units in FY26, with EV volumes (Ather) growing sharply year-on-year and non-Kerala revenue contribution climbing to ~47% from 28% in FY23 on the back of acquisitions in Telangana, Andhra Pradesh and Punjab. Margins are thin — EBITDA margin of 3.4% — and the company posted a small consolidated loss of Rs 12.5 crore in FY26. Disclosed cost lines are employee costs at 6.5% of revenue, other operating expenses at 3.8%, depreciation at 2.0% and capex at 1.6%; inventory days improved to 33 from 50. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Passenger cars (excluding Luxury vehicles) (46%), Commercial vehicles (39%), Luxury vehicles (9%), Others (6%). Asset-heavy, multi-brand auto dealership with thin margins (~3.4% EBITDA) and cyclical exposure to vehicle demand
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 5,616 | 5,541 | 6,381 |
| EBITDA (ex other income) | 257 | 155 | 197 |
| margin % | 4.6 | 2.8 | 3.1 |
| Owners' profit | 76 | (10) | (13) |
| EPS, as reported (₹) | 12.05 | (1.47) | (1.75) |
| ROE % · ROCE % | 11.6 · 17.1 | (1.6) · 6.5 | (2.0) · 6.7 |
| Debt / equity (x) | 0.68 | 0.66 | 1.11 |
| Cash from operations | 80 | 151 | 100 |
| Capex | (80) | (53) | (102) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,513 | 1,365 | 1,372 | 1,311 | 1,530 | 1,785 | 1,754 | 1,890 |
| Profit before tax | 12 | (13) | (16) | (11) | 12 | (7) | (7) | 2 |
| Net profit | 8 | (10) | (14) | (9) | 1 | 1 | (5) | 1 |
| EPS (₹) | 1.06 | (1.37) | (1.93) | (1.23) | 0.08 | 0.09 | (0.70) | 0.19 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Passenger cars (excluding Luxury vehicles) | 2,948 | 46.2 |
| Luxury vehicles | 544 | 8.5 |
| Commercial vehicles | 2,477 | 38.8 |
| Others | 412 | 6.4 |
| Total, before eliminations | 6,381 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LANDMARK CARS LIMITED | 2,015 | 44.8 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · PVSL to attend Nirmal Bang IE Auto Dealer Conference on Sep 18 | board shareholder meetings | low | — | — |
| 31 Aug 2026 · All four resolutions passed at 42nd AGM with near-unanimous approval | board shareholder meetings | low | — | — |
| 28 Aug 2026 · John K Paul reappointed; Paul Francis Kuttukaran joins as Non-Executive Director | management changes | medium | — | — |
| 28 Aug 2026 · MSKA and Associates LLP appointed as statutory auditor for 5 years | management changes | medium | — | — |
| 28 Aug 2026 · 42nd AGM held on Aug 28, 2026; new auditor and director appointed | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Corrigendum to 42nd AGM notice - new auditor appointment disclosures | board shareholder meetings | low | — | — |
| 19 Aug 2026 · PVSL Q1 FY27 call transcript: revenue up 44%, EBITDA up 87%, margin guidance cut | investor communications | medium | — | — |
| 12 Aug 2026 · Audio recording of Q1 FY27 analyst call now available on website | investor communications | low | — | — |
| 12 Aug 2026 · Popular Vehicles publishes Q1 FY27 results in newspapers | compliance | minimal | — | — |
| 11 Aug 2026 · Q1 FY27 results: revenue up 44%, EBITDA up 87% year on year | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|
| 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/B | 1.2 | 4.8 | 5 of 17 | 75% |
| ROCE | (1.0) | 10.9 | 18 of 20 | 11% |
| ROE | (2.0) | 14.6 | 15 of 17 | 13% |
| Debt / Equity | 1.1 | 0.6 | 15 of 17 | 13% |
| EBITDA margin | 3.8 | 10.9 | 14 of 17 | 19% |
| Revenue growth | 44.1 | 29.7 | 4 of 16 | 80% |
| Profit growth | 115.6 | 16.9 | 1 of 17 | 100% |
| Market cap | 726 | 17824 | 15 of 21 | 30% |
| A rating (BUY / ADD / REDUCE / SELL) | 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.
