Sanjay Karsandas Thakker is the Chairman and Executive Director of the Company. He has a bachelor’s degree in commerce from Sydenham College of Commerce and Economics, University of Bombay. He founded the Group Landmark in 1998. He has more than two decades of experience in the automobile industry. He was awarded with the title of ‘Business Leader of the Year’ at the 19th global edition and 4th Indian edition of the Business Leader of the Year Awards presented by World Leadership Congress and Awards on February 17, 2021. Aryaman Sanjay Thakker is an Executive Director of the Company. He has a bachelor’s degree in business administration from the Bharati Vidyapeeth Deemed University, Pune and has a master’s degree of science in marketing and strategy from the University of Warwick. He joined Group Landmark in 2017 as a General Manager of LAPL. Prior to joining the Landmark Group, Aryaman was associated with AutoNation Corp in Fort Lauderdale, Florida, United States. Paras Somani is an Executive Whole-Time Director of the Company. He has a bachelor’s degree in commerce from the Saurashtra University and has also participated in the ISBCEO Leadership Programme by the Indian School of Business, Hyderabad from July 2017 to August 2018. He joined Group Landmark in 2006 as the Vice President- Sales in LAPL and currently leads the Mercedes-Benz and Volkswagen business in Group Landmark. He has over two decades of experience in sales and banking. He was previously associated with Kotak Mahindra Primus Limited.

Particulars (In Crores)	2022	2021	2020
Revenue From Operations	2977	1956	2219
Purchase of stock in trade	2553	1710	1781
Change in inventories	-41	-63	114
Employee Benefits Expense	153	108	137
Other expenses	137	91	114
EBITDA	175	110	73
OPM%	5.88%	5.62%	3.29%
Other Income	13	10	10
Finance Cost	35	38	45
Depreciation	70	62	63
PBT	83	20	-25
Tax	16	9	4
PAT	67	11	-29
No. of Shares	3.95	3.95	3.95
EPS	17.0	2.8	-7.3

 

There are no listed companies in India that engage in a business similar to that of the Company.

Review and Recommendation of Landmark Car IPO by IZ Team is 4/10

1.  They are a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault and also commercial vehicle retail business of Ashok Leyland. 2. They have a presence across the automotive retail value chain, including sales of new vehicles, after-sales service and repairs (including sales of spare parts, lubricants and accessories), sales of pre-owned passenger vehicles and facilitation of the sales of third-party financial and insurance products.  The Car sales business is having low EBITDA of 2-3% while the after sales service business has higher EBITDA margins of 17-18%. 3. As on 30.09.2021, they have a network which include 112 outlets in 8 Indian states, comprised of 61 sales showrooms and outlets and 51 after-sales service and spares outlet. The vehicle dealership network is spread across 31 cities in eight states and union territories including Maharashtra, Uttar Pradesh, Gujarat, Haryana, Madhya Pradesh, Punjab, West Bengal and the National Capital Territory of Delhi. 4. As per CRISIL, the premium car market is expected to increase with CAGR of 10-12% in next 5 years and Luxury segment is expected to increase with CAGR of 20-22% in next 5 years. 5. The biggest risk in the business is the slowdown in the sales of premium and luxury cars and pricing set by OEMs for after sales and repair services. 6. Revenue is continuously decreasing from ~2800 Crores in FY19 to ~2000 Crores in Fy21. 7. Company was in losses in Fy19 and Fy20. And, made a Profit of 11 Crores in Fy21. 8. D/E is slightly more than 1. 9. P/E on the basis of 6MFy21 results is 36x which looks on higher side. 

Landmark Cars Limited Landmark House, Opp. AEC, S.G. Highway, Thaltej, Near Gurudwara, Ahmedabad 380 059, Phone: +91 79 6618 5555 Email: companysecretary@landmarkindia.net Website: https://www.grouplandmark.in/