|
18 Mar 2025 |
Landmark Cars
|
Consensus Share Price Target
|
410.35 |
730.33 |
- |
77.98 |
buy
|
|
|
|
|
13 Feb 2025
|
Landmark Cars
|
ICICI Securities Limited
|
410.35
|
650.00
|
477.65
(-14.09%)
|
58.40 |
Buy
|
|
|
Landmark Cars’ (LMC) EBITDAM at 5.6%, was down 20bps QoQ, led by weaker gross margins as service revenues at new outlets is in ramp-up phase.
|
|
15 Aug 2024
|
Landmark Cars
|
Monarch Networth Capital Limited
|
410.35
|
845.00
|
562.35
(-27.03%)
|
105.92 |
Buy
|
|
|
|
|
29 Feb 2024
|
Landmark Cars
|
ICICI Direct
|
410.35
|
920.00
|
758.35
(-45.89%)
|
|
Buy
|
|
|
|
|
17 Jan 2024
|
Landmark Cars
|
Prabhudas Lilladhar
|
410.35
|
|
832.65
(-50.72%)
|
|
Not Rated
|
|
|
|
|
13 Nov 2023
|
Landmark Cars
|
Monarch Networth Capital Limited
|
410.35
|
950.00
|
759.15
(-45.95%)
|
|
Buy
|
|
|
|
|
15 Aug 2023
|
Landmark Cars
|
ICICI Securities Limited
|
410.35
|
766.00
|
725.00
(-43.40%)
|
Target met |
Accumulate
|
|
|
Landmark Cars’ (LMC) Q1FY24 EBITDA margin at 6.4% was down 70bps QoQ (I-Sec estimate: 7.3%). Margin weakness was due to lower scale with new car volumes down 30% YoY/23% QoQ at ~3.8k, led by limited supplies from key OEMs on account of BS6 phase 2 transition.
|
|
12 Jun 2023
|
Landmark Cars
|
ICICI Securities Limited
|
410.35
|
766.00
|
670.45
(-38.79%)
|
Target met |
Accumulate
|
|
|
We initiate coverage on Landmark Cars (LMC) with an ADD rating and DCF-based target price of Rs766, implying multiple of 18x FY25E earnings. We believe, LMC is a direct beneficiary of the ongoing car premiumisation in India, which has resulted in a rising proportion of UVs and 10%+ CAGR in car ASP during FY21-FY23.
|
|
04 May 2023
|
Landmark Cars
|
Monarch Networth Capital Limited
|
410.35
|
830.00
|
621.20
(-33.94%)
|
Target met |
Buy
|
|
|
|
|
20 Feb 2023
|
Landmark Cars
|
Ventura
|
410.35
|
987.00
|
612.65
(-33.02%)
|
|
Buy
|
|
|
A proxy play on the premium automobile growth story
|
|
13 Dec 2022
|
Landmark Cars
|
Hem Securities
|
410.35
|
|
|
|
IPO Subscribe
|
|
|
|
|
13 Dec 2022
|
Landmark Cars
|
Ventura
|
410.35
|
|
|
|
IPO Subscribe
|
|
|
|
|
12 Dec 2022
|
Landmark Cars
|
HDFC Securities
|
410.35
|
|
|
|
IPO Note
|
|
|
Issue Snapshot: Issue Open: Dec 13 Dec 15, 2022 Price Band: Rs. 481 506 (Discount of Rs 48 for all eligible employees) *Issue Size: 552.0 cr (Fresh issue of Rs 150.0 cr + Offer for sale of Rs 402.0 cr) Reservation for: QIB upto 50% eq sh Non-Institutional atleast 15% eq sh ((including 1/3rd for applications between Rs.2 lakhs to Rs.10 lakhs)) Retail atleast 35% eq sh Face Value: Rs 5 Book value: Rs 73.25 (June 30, 2022) Bid size: - 29 equity shares and in multiples thereof 100% Book built Issue IPO Note - Landmark Cars Limited
|
|
12 Dec 2022
|
Landmark Cars
|
ICICI Direct
|
410.35
|
|
|
|
IPO Note
|
|
|
|