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Buy This Auto Stock To Great Start In Stock Market; ₹921 And ₹1100 Target

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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/E43.8
Book Value₹ 121
Dividend0.30 %
ROCE20.1 %
ROE25.2 %
Face Value₹ 5.00
P/B Value6.37
OPM6.86 %
EPS₹ 17.3
Debt₹ 575 Cr.
Debt to Equity1.16

Landmark Cars Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹780₹850
2025₹875₹900
2026₹912₹935
2027₹945₹987
2028₹1000₹1241
2029₹1254₹1358
2030₹1400₹1502
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Landmark Cars Shareholding Pattern

Promoters Holding
Dec 202255.23%
Mar 202355.18%
June 202353.05%
Sept 202352.87%
Dec  202351.82%
FII Holding
Dec 20227.75%
Mar 20236.98%
June 202310.47%
Sept 20238.61%
Dec  20238.40%
DII Holding
Dec 20227.65%
Mar 20237.52%
June 202314.29%
Sept 202315.47%
Dec  202315.19%
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Public Holding
Dec 202229.38%
Mar 202330.31%
June 202322.19%
Sept 202323.04%
Dec  202324.58%

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
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Last 5 Years’ Debt-To-Equity Ratio:

2019
2020
2021
20220.25
20230.02

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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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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