Landmark Prop. (LPDC)

Score breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 2/2 · Dividend: 0/1

Key Financials

Strengths

• Promoter holding is high at 64.86%, aligning management interests with minority shareholders.
• Sales growth of 245.65% and profit growth of 92.31% show improving business momentum, though from a small base.
• Piotroski F-Score of 6/9 indicates some recent improvement in financial health.

Concerns

• P/E of 479.76 and PEG of 2.84 make the valuation extremely expensive relative to actual earnings and growth.
• ROE of 0.42% and ROCE of -8.51% reflect poor capital efficiency and value destruction.
• Latest quarter net profit of ₹0 Cr on ₹2 Cr sales means the business is barely at breakeven.
• Zero dividend yield leaves no compensation while waiting for a turnaround.

AI Analysis

Look at Landmark Property the way Graham would: first protect capital, then seek satisfactory return. At ₹7.37, the market cap is ₹82 crore. For that price I receive trailing earnings that produce a P/E of 479.76. The latest quarter tells the real story—sales of ₹2 crore and net profit of ₹0 crore. This is not an earnings machine; it is a promise. Book value is ₹2.92, so I'm paying 2.52 times book for a business earning 0.42% on equity. ROCE is minus 8.51%, meaning the company's core operations currently destroy value rather than create it. The 245.65% sales growth and 92.31% profit growth sound fantastic, but they start from a microscopic base. A small real estate services player can post huge percentage numbers and still be insignificant. PEG of 2.84 tells me even after paying for growth, the price is not cheap. There is zero dividend, so any return depends on someone paying more. That is speculation. Promoter holding at 64.86% is encouraging—owners have skin in the game—and a Piotroski score of 6/9 does suggest some financial improvement. But high promoter holding and partial improvements do not create a moat. Real estate services is cyclical and competitive, and I see no durable advantage that lets Landmark earn above its cost of capital. It may be recovering from a poor base, and I appreciate the small signs of life. But when net profit is zero and returns on capital are negative, I cannot calculate intrinsic value with confidence. In Buffett's terms, it's far better to wait for a wonderful business at a fair price than to buy a troubled operation at any price. I will watch from the sidelines until Landmark proves it can consistently earn real profits.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer