Landmark Cars Ltd(NSE: LANDMARK): The March Series had a good start in the stock markets. Benchmark indexes closed at record highs.
Sensex closed at 73,745, and Nifty at 22,338. Both were higher by 1245 points. The the metal, banking, and auto sectors saw the most buying.
In this explosive rally, automobile sector company Landmark Cars had a rise of more than 5 percent.
After rising 35 percent in the last one year, the stock is ready to pick up the pace. The brokerage house advised that the shares be purchased.
Landmark Cars: Will Touch The Level Of ₹921
The brokerage house advised to purchase Landmark Cars. From the perspective of a year, the target share price has been set at Rs 921 And ₹1100.
On March 1, 2024, the share price closed at Rs. 754.
This will allow the stock to rise by about 22 percent over the current price. Over the past year, the stock has returned more than 35 percent.
Its 52-week high is 901.95, and its low is 441. The market capitalization on BSE was Rs. 3,112 crore.
Let us tell you, that Landmark Cars is a leading auto retailer of premium/luxury cars.
Apart from Mercedes-Benz, Jeep, Honda, Volkswagen, and Renault, its partners in passenger vehicles are MG Motors, Mahindra & Mahindra and BYD.
There is a partnership with Ashok Leyland in the commercial vehicles space. The company has 117 outlets in 9 states and 28 cities in the country.
Landmark Cars: What is the brokerage’s opinion
The brokerage says that due to the low penetration of luxury cars, Landmark Cars is well-positioned to take advantage of the rapidly growing premiumization trend.
Luxury car penetration in the Indian PV market is less than 1 percent. In China and America, it is about 10 percent.
According to industry estimates, the growth of the luxury PV segment may remain in double digits.
The company will benefit from the partnership and new product launches. For example, Mercedes is going to launch 12 products in the year 2024.
The sales volume CAGR of new vehicles maybe 12 percent during FY24E-26E.
About Landmark Cars Ltd
Landmark Cars Limited, is an auto retailer based in India.
The Company is an authorized dealer of Mercedes-Benz vehicles, Honda, Volkswagens, Renaults, Jeeps, BYD, Ashok Leyland, and Renaults.
The company is engaged in various businesses, such as authorized agent for selling Mercedes-Benz automobiles and operating showrooms
that buy and sell cars of other brands, operation of garages and workshops to repair and maintain automobiles, and provide other services,
direct selling agency/marketing on behalf of banks and non-banking finance companies to market financing schemes to their customers, selling of accessories
from the original equipment manufacturers and other local vendors and insurance commission businesses.
Ashok Leyland’s commercial vehicle retail is also handled by the company. It has 115 stores in 26 cities across 8 Indian states and union territory.
The company also sells products such as business card holders and caps.
Fundamental Analysis of Landmark Cars Ltd
| Market Cap | ₹ 3,181 Cr. |
| Current Price | ₹ 769 |
| 52-wk High | ₹ 905 |
| 52-wk Low | ₹441 |
| Stock P/E | 43.8 |
| Book Value | ₹ 121 |
| Dividend | 0.30 % |
| ROCE | 20.1 % |
| ROE | 25.2 % |
| Face Value | ₹ 5.00 |
| P/B Value | 6.37 |
| OPM | 6.86 % |
| EPS | ₹ 17.3 |
| Debt | ₹ 575 Cr. |
| Debt to Equity | 1.16 |
Landmark Cars Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹780 | ₹850 |
| 2025 | ₹875 | ₹900 |
| 2026 | ₹912 | ₹935 |
| 2027 | ₹945 | ₹987 |
| 2028 | ₹1000 | ₹1241 |
| 2029 | ₹1254 | ₹1358 |
| 2030 | ₹1400 | ₹1502 |
Landmark Cars Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 55.23% |
| Mar 2023 | 55.18% |
| June 2023 | 53.05% |
| Sept 2023 | 52.87% |
| Dec 2023 | 51.82% |
| FII Holding | |
| Dec 2022 | 7.75% |
| Mar 2023 | 6.98% |
| June 2023 | 10.47% |
| Sept 2023 | 8.61% |
| Dec 2023 | 8.40% |
| DII Holding | |
| Dec 2022 | 7.65% |
| Mar 2023 | 7.52% |
| June 2023 | 14.29% |
| Sept 2023 | 15.47% |
| Dec 2023 | 15.19% |
| Public Holding | |
| Dec 2022 | 29.38% |
| Mar 2023 | 30.31% |
| June 2023 | 22.19% |
| Sept 2023 | 23.04% |
| Dec 2023 | 24.58% |
Landmark Cars Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹2,827 Cr |
| 2020 | ₹2,219 Cr |
| 2021 | ₹1,956 Cr |
| 2022 | ₹2,977 Cr |
| 2023 | ₹3,278 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹-24 Cr |
| 2020 | ₹-29 Cr |
| 2021 | ₹11 Cr |
| 2022 | ₹66 Cr |
| 2023 | ₹71 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | – |
| 2020 | – |
| 2021 | – |
| 2022 | 0.25 |
| 2023 | 0.02 |
Last 10 Years’ Profit Growth:
| 10 Years: | – |
| 5 Years: | 38% |
| 3 Years: | 77% |
| Current Year: | -13% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | – |
| 5 Years: | 11% |
| 3 Years: | 23% |
| Last Year: | 25% |
Sales Growth Over 10 Years:
| 10 Years: | – |
| 5 Years: | 16% |
| 3 Years: | 15% |
| Current Year: | 1% |
Conclusion
This article is a complete guide about Landmark Cars Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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