India's first listed multi-brand auto retailer running 140 dealerships across 12 states for 11 OEM brands.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,302 | +22.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 6.0 | 0.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 15.0 | +114.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 8.43 | +3.7 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 4.35 | +3.8 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 20.73 | −0.8 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Guidance
3 of 6 judged targets kept · 8 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Gross Profit Percentage | increase by over 100 basis points for the balance part of the year | Q2 FY26 | Management commentary in Q1 FY27 noted that gross margins were 'a little soft', implying the target for H2 FY26 was not met. The promise is now considered missed. | Missed |
| FY27 Capex | Historically, before we got into this rapid expansion 18-20 months back, where we spent more, I think our historic average is around INR 50 crores. That could be taken as a ballpark, but I am not trying to stick my neck out with numbers, but it should be in and around. | Q4 FY26 | Management confirmed they are in line with the INR 50 crore guidance for FY27, having spent less than the proportionate share in Q1. | On Track |
3 of Landmark Cars Limited's 14 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 12 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹614.4 on 24 Oct 2025 → ₹432.75. High ₹630.35 (29 Oct 2025), low ₹349.45 (23 Jan 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
Landmark Cars operates franchised dealerships for premium, luxury and mass-market car brands in India, covering new-vehicle sales, after-sales service and spare parts, pre-owned vehicle sales, car-care services (paint protection, detailing) and vehicle finance and insurance referrals. It earns through vehicle sale margins, service and spare-parts billing, and commissions on finance/insurance products sold at the point of sale. The company represents brands spanning ICE, hybrid and electric passenger vehicles as well as commercial vehicles, and holds India's number-one dealer-partner ranking (by outlet count) for several of its OEM principals including Mercedes-Benz, BYD, Honda and Jeep & Citroën.
Segments
close before → close after
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Guidance
3 of 6 judged targets kept · 8 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Gross Profit Percentage | increase by over 100 basis points for the balance part of the year | Q2 FY26 | Management commentary in Q1 FY27 noted that gross margins were 'a little soft', implying the target for H2 FY26 was not met. The promise is now considered missed. | Missed |
| FY27 Capex | Historically, before we got into this rapid expansion 18-20 months back, where we spent more, I think our historic average is around INR 50 crores. That could be taken as a ballpark, but I am not trying to stick my neck out with numbers, but it should be in and around. | Q4 FY26 | Management confirmed they are in line with the INR 50 crore guidance for FY27, having spent less than the proportionate share in Q1. | On Track |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 14 tracked commitments, with each call’s wording and source.
Call summaries
Landmark Cars Limited Q1 FY27
Landmark Cars Limited reported a strong Q1 FY27 with over 22% YoY revenue growth and nearly doubled PAT, despite it being a seasonally soft quarter. The company saw significant traction in EVs, comprising 30% of sales by value, and expanded its aftersales capacity. Management highlighted stable borrowing costs and strong cash generation, which will be used for strategic expansion and debt repayment.
Read the full callLandmark Cars Q4 FY26
Landmark Cars delivered a strong Q4 and FY26, marked by robust revenue growth, record EBITDA, and significant PAT improvement. The after-sales segment crossed a major milestone of ₹1,000 crore in annual revenue. The company is now focusing on consolidation, sweating existing assets, and optimizing operations to sustain profitable growth, with a positive outlook on OEM product pipelines and EV penetration.
Read the full callLandmark Cars Q3 FY26
Landmark Cars reported a robust Q3 FY26 with record revenue, gross profit, and EBITDA, driven by strong performance across its OEM partners and a record quarter for aftersales. The company highlighted strategic benefits from the India-EU FTA, particularly for CBU imports and new brand avenues, alongside disciplined cost management and improved working capital. While newer brands are currently less profitable, management expects their contribution to improve in the coming quarters, positioning Landmark for sustained growth.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
Net profit, year on year: +114% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 907 | 1,195 | 1,091 | 1,062 | 1,211 | 1,345 | 1,279 | 1,302 |
| Expenses | 855 | 1,129 | 1,037 | 1,001 | 1,157 | 1,271 | 1,203 | 1,230 |
| Operating profit | 52 | 66 | 55 | 61 | 54 | 74 | 76 | 72 |
| Operating margin | 6.0% | 6.0% | 5.0% | 6.0% | 4.5% | 5.0% | 6.0% | 6.0% |
| Other income | -1 | 3 | 6 | 5 | 5 | 3 | 2 | 3 |
| Interest | 18 | 20 | 21 | 20 | 20 | 20 | 19 | 20 |
| Depreciation | 32 | 34 | 36 | 36 | 38 | 38 | 37 | 36 |
| Profit before tax | 0 | 16 | 4 | 10 | 1 | 19 | 21 | 19 |
| Tax rate | 31.0% | 26.0% | 57.0% | 25.0% | −148.0% | 26.0% | 27.0% | 24.0% |
| Net profit | 0 | 12 | 2 | 7 | 2 | 14 | 15 | 15 |
| EPS (₹ per share) | 0 | 2.75 | 0.34 | 1.67 | 0.29 | 3.42 | 3.62 | 3.51 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 3,382 | 3,288 | 4,025 | 4,897 |
| Expenses | 3,144 | 3,070 | 3,804 | 4,632 |
| Operating profit | 238 | 217 | 222 | 265 |
| Other income | 4 | 7 | 9 | 15 |
| Interest | 51 | 54 | 75 | 79 |
| Depreciation | 88 | 101 | 131 | 149 |
| Profit before tax | 104 | 69 | 25 | 51 |
| Net profit | 85 | 56 | 17 | 38 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 18 | 20 | 21 | 21 | 21 | 21 |
| Reserves | 229 | 450 | 518 | 533 | 541 | 564 |
| Borrowings | 476 | 430 | 627 | 870 | 831 | 876 |
| Other liabilities | 362 | 361 | 383 | 463 | 579 | 517 |
| Total liabilities | 1,085 | 1,261 | 1,549 | 1,887 | 1,972 | 1,978 |
| Fixed assets | 497 | 509 | 594 | 762 | 772 | 778 |
| Capital work in progress | 5 | 6 | 2 | 3 | 1 | 3 |
| Investments | 17 | 16 | 16 | 16 | 16 | 16 |
| Other assets | 566 | 730 | 937 | 1,106 | 1,182 | 1,181 |
| Total assets | 1,085 | 1,261 | 1,549 | 1,887 | 1,972 | 1,978 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 76 | 76 | 71 | 41 | 152 | 267 |
| Cash from investing | -34 | -34 | -72 | -113 | -164 | -63 |
| Cash from financing | -38 | -38 | 1 | 65 | 23 | -191 |
| Net cash flow | 5 | 5 | -1 | -8 | 11 | 14 |
| Free cash flow | 41 | 41 | 3 | -38 | 22 | 213 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 10 | 8 | 11 | 15 | 16 | 12 |
| Inventory days | 64 | 48 | 59 | 78 | 71 | 60 |
| Days payable | 22 | 21 | 15 | 16 | 13 | 10 |
| Cash conversion cycle | 52 | 35 | 55 | 77 | 75 | 61 |
| Working capital days | -8 | -10 | 11 | 17 | 6 | 4 |
| Return on capital employed | 12.0% | 19.0% | 20.0% | 12.0% | 8.0% | 9.0% |
| Dividend payout | 0.0% | 0.0% | 11.0% | 11.0% | 13.0% | 11.0% |
Ownership
Promoters hold 49.93% as of Sept 2026; institutions added 0.10 pts since Jun 2026.
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Named in the Sep 2026 filing
Every holder of Landmark Cars Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 36.40% | unchanged | |
| 12.87% | unchanged | |
| Mutual fund | 7.50% | unchanged |
| Mutual fund | 3.45% | unchanged |
| Insurer | 2.98% | −0.68 pp |
| Mutual fund | 2.00% | unchanged |
| 1.58% | unchanged | |
| AIF | 1.21% | unchanged |
| Mutual fund | 1.12% | newly disclosed |
| 0.24% | unchanged | |
| 0.16% | unchanged | |
| 0.16% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Filings to Sep 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹148 Cr | held | Dec '22 |
| HDFC Children's Fund HDFC Mutual Fund | ₹18 Cr | held | Nov '24 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
Shares held by these funds +69%
Oct '23 34.84 L shares Sep '26
Your own record
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