Landmark Cars Limited (LANDMARK.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+17.7%

₹537.21

vs ₹456.45 price

Levered DCF

₹44.87

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	40.23×	102.42×	55.71×	24.09×	26.27×	148.35×	-58.47×	-65.39×
P/B	2.57×	2.95×	5.79×	4.33×	6.96×	9.37×	9.93×	8.79×
P/S	0.31×	0.41×	0.97×	0.61×	0.58×	0.89×	0.76×	0.59×
EV / EBITDA	8.8×	11.21×	17.09×	10.35×	11.88×	18.01×	26.34×	25.48×
Gross margin	7.5%	17.3%	6.6%	7.4%	6.4%	12.5%	3.9%	3.9%
Operating margin	2.4%	0.2%	3.2%	3.5%	2.9%	2.3%	-0.1%	-0.0%
Net margin	0.8%	0.4%	1.7%	2.5%	2.2%	0.6%	-1.3%	-0.9%
Current ratio	1.12×	1.12×	1.26×	1.27×	0.91×	0.96×	0.83×	0.91×
Debt / equity	1.74×	1.75×	1.35×	1.08×	2.18×	2.55×	2.99×	3.39×
Interest coverage	1.45×	0.1×	1.91×	2.22×	2.37×	1.2×	-0.07×	-0.01×
Dividend yield	0.1%	0.4%	0.3%	0.1%	0.1%	0.0%	0.0%	0.1%
Payout ratio	5.8%	39.7%	16.3%	1.7%	2.1%	0.0%	0.0%	-7.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.4%	2.9%	10.4%	18.0%	26.5%	6.2%	-17.0%	-13.4%
Return on invested capital	5.2%	0.3%	6.5%	9.4%	8.7%	3.8%	-0.5%	-0.1%
Return on assets	1.9%	0.8%	3.6%	6.7%	6.0%	1.3%	-3.5%	-2.5%
Free cash flow yield	8.3%	0.9%	-1.4%	-0.0%	2.0%	1.6%	11.2%	-2.0%
Earnings yield	2.5%	1.0%	1.8%	4.2%	3.8%	0.7%	-1.7%	-1.5%
Enterprise value	₹24.6B	₹25.8B	₹38.3B	₹25.3B	₹22.4B	₹21.5B	₹21.6B	₹22.5B
Net debt / EBITDA	3.43×	4.12×	3.18×	2.01×	2.75×	3.75×	5.83×	6.79×
Cash conversion cycle (days)	57	72	75	54	39	68	36	54