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Landmark Property Development Company Ltd

LPDC

NSE

₹6.15-1.44%19 Oct 2026

Reports

Construction Housing

Landmark Property Development Company Ltd

LPDC

NSE

₹6.15

-1.44%

19 Oct 2026

SOICxStockScans Reports

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Construction Housing

Indices

Business Overview: What the company does, in plain English.

Landmark Property Development Company is a real estate firm - incorporated in 1976 and listed in India as part of the Landmark Dalmia Group, the company is engaged in the business of real estate development and also providing advisory and consultancy services, and it continues to sell flats and plots. The recurring approach is simple: the company holds claims on property and money from past transactions, and its work now consists of converting those claims into cash through negotiated settlements rather than through new sales.

Business segments

A single business in wind-down - real estate asset recovery, with a small advisory sideline - where every activity is about collecting on old promises rather than creating new ones.

1. Real estate asset recovery: collecting on yesterday's deals

The company's real work is not selling homes but recovering a ₹35 crore advance stuck in a township project and settling defaulted loans - it is a collection operation, not a developer.

One big receivable dominates everything - the company is owed ₹35.26 crore from Ansal Landmark (Karnal) Township Private Limited, a related entity now owned by the company's promoters, for plots and flats in a Karnal township that were supposed to be delivered by 2024 but never were. The deadline for allotment has been pushed to 2027, and in March 2026 the company instead signed a refund agreement with Eterna Living Private Limited to get the cash back within six months.
Loans that went bad, now being settled - the company had lent ₹550 lakhs to Saya Buildcon Consortium Private Limited at high interest rates, but both loans were overdue and fully provided for as doubtful. In July 2026, it executed a full and final settlement that released all claims and closed the legal proceedings, with the principal already repaid before the papers were signed.
A small inventory of ready flats and plots - the company still holds stock of plots and flats valued at about ₹10.70 crore, and it recognises revenue only when possession is handed over to the buyer. This is the legacy of its original business, but it is no longer the engine - it is the tail end of a pipeline that is not being replenished.
No new projects, no new bets - the company has no subsidiaries, no joint ventures, and no immovable property on its own books, and its fixed assets are negligible at just ₹0.32 lakhs. It is not building anything new; it is simply working through what it is already owed.

2. Advisory services: a small fee stream for investment reports

The company earns fees by preparing investment reports and business plans for overseas investors - a lightweight service business that has run alongside property for over a decade.

Paid to prepare investment dossiers - the company provides advisory services to overseas investors, delivering investment reports that cover the financial and economic angles of a proposed investment, along with a business plan and any other information the client asks for. The fee is mutually agreed for each assignment, and revenue is recognised as the work is completed.
A sideline, not the main event - this service line has existed since at least 2009, but it sits within the same single operating segment as the property business and is not reported separately. It generates fees but does not change the fundamental character of the company as a real-estate-recovery story.

Group structure and partners

The company is a standalone entity with no subsidiaries, controlled by a promoter group that also owns the entity holding its largest receivable - so the recovery is effectively a negotiation with related parties.

Promoters and friends hold 64.86% of the equity, and the Managing Director, Gaurav Dalmia, is married to a fellow director on the board.
The company has no subsidiary, joint venture, or associate company - it is a single legal entity with no corporate children.
The entity that owes the company ₹49.94 crore - Ansal Landmark (Karnal) Township Private Limited - was acquired by the promoter and promoter group entities during FY 2022-23, making the recovery a transaction between entities under common control.
In 2023, four promoter-group entities holding 0.24% of shares were reclassified as public shareholders with stock-exchange approval, trimming the promoter holding slightly.

Quick Ratios

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Peer Comparison

Quick Ratios

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Peer Comparison

Price

Charts

Documents

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Mkt Cap

Market Capitalization

₹83Cr

Close Price

₹6.17

Industry

Construction Housing

Price To Earnings

9.64

Price To Sales

5.06

Revenue

₹16Cr

Rev Gr TTM

Revenue Growth TTM

2,051.32%

PAT Gr TTM

PAT Growth TTM

322.63%

Standalone

Numbers

Percentage

Quarter	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue RevenueCr	0	0	0	0	0	0	0	0	0	2	6	9
Growth YoY Revenue Growth YoY%			-12.2	-12.8	7.1	109.1	-100.0	-100.0	-100.0	245.7
Expenses ExpensesCr	0	0	12	0	4	0	0	0	0	2	4	1
Operating Profit Operating ProfitCr	0	0	-12	0	-4	0	0	0	0	0	1	8
OPM OPM%	-10.7	-36.4	-3,344.4	-9.8	-1,330.0	2.2				5.0	25.2	86.0
Other Income Other IncomeCr	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense Interest ExpenseCr	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation DepreciationCr	0	0	0	0	0	0	0	0	0	0	0	0
PBT PBTCr	0	0	-12	0	-4	0	0	0	0	0	2	8
Tax TaxCr	0	0	0	0	0	0	0	0	0	0	0	1
PAT PATCr	0	0	-12	0	-4	0	0	0	0	0	1	7
Growth YoY PAT Growth YoY%	147.1	150.0	-91.8	-66.7	-4,950.0	333.3	99.7	-116.7	99.2	92.3	3,300.0	69,700.0
NPM NPM%	28.6	13.6	-3,336.1	14.6	-1,293.3	28.3				15.7	22.2	77.3
EPS EPS₹	0.0	0.0	-0.9	0.0	-0.3	0.0	0.0	0.0	0.0	0.0	0.1	0.5

Quarter	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue RevenueCr	0	0	0	0	0	0	0	0	0	2	6	9
Growth YoY Revenue Growth YoY%			-12.2	-12.8	7.1	109.1	-100.0	-100.0	-100.0	245.7
Expenses ExpensesCr	0	0	12	0	4	0	0	0	0	2	4	1
Operating Profit Operating ProfitCr	0	0	-12	0	-4	0	0	0	0	0	1	8
OPM OPM%	-10.7	-36.4	-3,344.4	-9.8	-1,330.0	2.2				5.0	25.2	86.0
Other Income Other IncomeCr	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense Interest ExpenseCr	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation DepreciationCr	0	0	0	0	0	0	0	0	0	0	0	0
PBT PBTCr	0	0	-12	0	-4	0	0	0	0	0	2	8
Tax TaxCr	0	0	0	0	0	0	0	0	0	0	0	1
PAT PATCr	0	0	-12	0	-4	0	0	0	0	0	1	7
Growth YoY PAT Growth YoY%	147.1	150.0	-91.8	-66.7	-4,950.0	333.3	99.7	-116.7	99.2	92.3	3,300.0	69,700.0
NPM NPM%	28.6	13.6	-3,336.1	14.6	-1,293.3	28.3				15.7	22.2	77.3
EPS EPS₹	0.0	0.0	-0.9	0.0	-0.3	0.0	0.0	0.0	0.0	0.0	0.1	0.5

Standalone

Numbers

Percentage

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue RevenueCr	3	3	2	0	0	1	1	0	1	1	7	16
Growth Revenue Growth%	-33.3	-1.9	-30.6	-100.0		1,031.4	-31.0	-41.7	226.2	-11.6	526.5	2,051.3
Expenses ExpensesCr	2	2	2	1	1	1	2	8	13	5	6	7
Operating Profit Operating ProfitCr	0	0	0	-1	0	0	-1	-8	-12	-4	1	9
OPM OPM%	14.6	16.0	-17.7		-459.7	-32.5	-144.6	-1,881.5	-904.0	-354.3	15.9	55.5
Other Income Other IncomeCr	1	1	1	1	1	1	1	0	0	1	1	1
Interest Expense Interest ExpenseCr	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation DepreciationCr	0	0	0	0	0	0	0	0	0	0	0	0
PBT PBTCr	1	1	1	0	0	1	0	-7	-12	-4	2	10
Tax TaxCr	0	0	0	0	0	0	0	-1	0	0	0	2
PAT PATCr	1	1	1	0	0	0	0	-7	-12	-4	1	8
Growth PAT Growth%	-24.5	-0.6	-38.3	-67.3	118.6	6.5	-119.6	-8,221.6	-79.2	68.3	140.2	322.6
NPM NPM%	33.3	33.7	30.0		421.3	39.7	-11.3	-1,608.3	-883.4	-317.3	20.3	51.7
EPS EPS₹	0.1	0.1	0.0	0.0	0.0	0.0	0.0	-0.5	-0.9	-0.3	0.1	0.6

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue RevenueCr	3	3	2	0	0	1	1	0	1	1	7	16
Growth Revenue Growth%	-33.3	-1.9	-30.6	-100.0		1,031.4	-31.0	-41.7	226.2	-11.6	526.5	2,051.3
Expenses ExpensesCr	2	2	2	1	1	1	2	8	13	5	6	7
Operating Profit Operating ProfitCr	0	0	0	-1	0	0	-1	-8	-12	-4	1	9
OPM OPM%	14.6	16.0	-17.7		-459.7	-32.5	-144.6	-1,881.5	-904.0	-354.3	15.9	55.5
Other Income Other IncomeCr	1	1	1	1	1	1	1	0	0	1	1	1
Interest Expense Interest ExpenseCr	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation DepreciationCr	0	0	0	0	0	0	0	0	0	0	0	0
PBT PBTCr	1	1	1	0	0	1	0	-7	-12	-4	2	10
Tax TaxCr	0	0	0	0	0	0	0	-1	0	0	0	2
PAT PATCr	1	1	1	0	0	0	0	-7	-12	-4	1	8
Growth PAT Growth%	-24.5	-0.6	-38.3	-67.3	118.6	6.5	-119.6	-8,221.6	-79.2	68.3	140.2	322.6
NPM NPM%	33.3	33.7	30.0		421.3	39.7	-11.3	-1,608.3	-883.4	-317.3	20.3	51.7
EPS EPS₹	0.1	0.1	0.0	0.0	0.0	0.0	0.0	-0.5	-0.9	-0.3	0.1	0.6

Standalone

Numbers

Percentage

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital Equity CapitalCr	13	13	13	13	13	13	13	13	13	13	13
Reserves ReservesCr	46	47	48	48	48	49	49	42	30	27	28
Current Liabilities Current LiabilitiesCr	3	2	2	1	1	1	1	1	1	0	2
Non Current Liabilities Non Current LiabilitiesCr	0	0	0	0	0	0	0	0	0	0	0
Total Liabilities Total LiabilitiesCr	63	62	63	63	63	63	63	56	45	40	43
Current Assets Current AssetsCr	25	24	17	21	21	21	21	17	15	20	42
Non Current Assets Non Current AssetsCr	38	38	46	42	42	42	42	39	30	20	1
Total Assets Total AssetsCr	63	62	63	63	63	63	63	56	45	40	43

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital Equity CapitalCr	13	13	13	13	13	13	13	13	13	13	13
Reserves ReservesCr	46	47	48	48	48	49	49	42	30	27	28
Current Liabilities Current LiabilitiesCr	3	2	2	1	1	1	1	1	1	0	2
Non Current Liabilities Non Current LiabilitiesCr	0	0	0	0	0	0	0	0	0	0	0
Total Liabilities Total LiabilitiesCr	63	62	63	63	63	63	63	56	45	40	43
Current Assets Current AssetsCr	25	24	17	21	21	21	21	17	15	20	42
Non Current Assets Non Current AssetsCr	38	38	46	42	42	42	42	39	30	20	1
Total Assets Total AssetsCr	63	62	63	63	63	63	63	56	45	40	43

Standalone

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	0	-2	0	-1	-1	0	0	0	1	0	7
Investing Cash Flow Investing Cash FlowCr	-1	2	0	1	0	0	0	0	-1	0	-6
Financing Cash Flow Financing Cash FlowCr	0	0	0	0	0	0	0	0	0	0	0
Net Cash Flow Net Cash FlowCr	-1	0	0	0	0	0	0	0	0	0	1
Free Cash Flow Free Cash FlowCr	0	-2	-4	-1	-1	0	0	0	1	0	7
CFO To PAT CFO To PAT%	34.7	-229.4	10.5	-476.8	-134.0	117.6	-121.3	-3.8	-8.4	10.0	450.3
CFO To EBITDA CFO To EBITDA%	79.3	-483.6	-17.8	95.1	122.8	-143.7	-9.4	-3.3	-8.2	8.9	575.8

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	0	-2	0	-1	-1	0	0	0	1	0	7
Investing Cash Flow Investing Cash FlowCr	-1	2	0	1	0	0	0	0	-1	0	-6
Financing Cash Flow Financing Cash FlowCr	0	0	0	0	0	0	0	0	0	0	0
Net Cash Flow Net Cash FlowCr	-1	0	0	0	0	0	0	0	0	0	1
Free Cash Flow Free Cash FlowCr	0	-2	-4	-1	-1	0	0	0	1	0	7
CFO To PAT CFO To PAT%	34.7	-229.4	10.5	-476.8	-134.0	117.6	-121.3	-3.8	-8.4	10.0	450.3
CFO To EBITDA CFO To EBITDA%	79.3	-483.6	-17.8	95.1	122.8	-143.7	-9.4	-3.3	-8.2	8.9	575.8

Standalone

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr	47	46	48	48	16	26	96	81	107	98	73	83
Price To Earnings Price To Earnings	58.3	57.5	90.3	360.0	38.7	65.7					49.4	9.6
Price To Sales Price To Sales	18.2	18.3	27.7		172.9	26.2	137.0	196.6	80.2	83.8	9.9	5.1
Price To Book Price To Book	0.8	0.8	0.8	0.8	0.3	0.4	1.6	1.5	2.4	2.5	1.8	2.0
EV To EBITDA EV To EBITDA	122.9	112.3	-155.7	-55.6	-32.8	-71.6	-91.7	-10.1	-8.6	-21.5	51.9	7.9
Profitability Ratios Profitability Ratios
GPM GPM%	99.8	99.8	99.2		100.0	11.3	10.5	37.4	50.5	35.4	27.8	27.8
OPM OPM%	14.6	16.0	-17.7		-459.7	-32.5	-144.6	-1,881.5	-904.0	-354.3	15.9	55.5
NPM NPM%	33.3	33.7	30.0		421.3	39.7	-11.3	-1,608.3	-883.4	-317.3	20.3	51.7
ROCE ROCE%	1.7	1.8	1.0	0.4	0.8	0.9	-0.2	-13.3	-26.5	-8.9	4.8	4.8
ROE ROE%	1.4	1.4	0.9	0.3	0.6	0.7	-0.1	-11.8	-26.8	-9.3	3.6	3.6
ROA ROA%	1.4	1.4	0.8	0.3	0.6	0.6	-0.1	-11.6	-26.1	-9.2	3.5	3.5
Operational Ratios Operational Ratios
Solvency Ratios Solvency Ratios
Liquidity Ratios Liquidity Ratios

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr	47	46	48	48	16	26	96	81	107	98	73	83
Price To Earnings Price To Earnings	58.3	57.5	90.3	360.0	38.7	65.7					49.4	9.6
Price To Sales Price To Sales	18.2	18.3	27.7		172.9	26.2	137.0	196.6	80.2	83.8	9.9	5.1
Price To Book Price To Book	0.8	0.8	0.8	0.8	0.3	0.4	1.6	1.5	2.4	2.5	1.8	2.0
EV To EBITDA EV To EBITDA	122.9	112.3	-155.7	-55.6	-32.8	-71.6	-91.7	-10.1	-8.6	-21.5	51.9	7.9
Profitability Ratios Profitability Ratios
GPM GPM%	99.8	99.8	99.2		100.0	11.3	10.5	37.4	50.5	35.4	27.8	27.8
OPM OPM%	14.6	16.0	-17.7		-459.7	-32.5	-144.6	-1,881.5	-904.0	-354.3	15.9	55.5
NPM NPM%	33.3	33.7	30.0		421.3	39.7	-11.3	-1,608.3	-883.4	-317.3	20.3	51.7
ROCE ROCE%	1.7	1.8	1.0	0.4	0.8	0.9	-0.2	-13.3	-26.5	-8.9	4.8	4.8
ROE ROE%	1.4	1.4	0.9	0.3	0.6	0.7	-0.1	-11.8	-26.8	-9.3	3.6	3.6
ROA ROA%	1.4	1.4	0.8	0.3	0.6	0.6	-0.1	-11.6	-26.1	-9.2	3.5	3.5
Operational Ratios Operational Ratios
Solvency Ratios Solvency Ratios
Liquidity Ratios Liquidity Ratios

	ARTNIRMAN	SHRIKRISH	PRERINFRA	LPDC	VICTMILL	RADHEDE	HDIL
Market CapitalizationMkt CapCr	97	93	83	83	77	70	68
Close PriceClose₹	39.02	33.05	23.00	6.17	7,800.00	1.27	1.43
IndustryIndustry	Construction Housing	Construction Housing	Construction Housing	Construction Housing	Construction Housing	Construction Housing	Construction Housing
Price To EarningsPE	243.88	22.79	23.00	9.64	9.88
Price To SalesPS	2.88	4.54	7.53	5.06	1.37	14.05	4.33
RevenueRevenueCr	34	20	11	16	56	5	16
Revenue Growth TTMRev Gr TTM%	44.7%	-18.7%	42.9%	2,051.3%	75.0%	-63.6%	-23.1%
PAT Growth TTMPAT Gr TTM%	-74.2%	-19.8%	18,650.0%	322.6%	538.5%	-129.3%	91.4%

	ARTNIRMAN	SHRIKRISH	PRERINFRA	LPDC	VICTMILL	RADHEDE	HDIL
Market CapitalizationMkt CapCr	97	93	83	83	77	70	68
Close PriceClose₹	39.02	33.05	23.00	6.17	7,800.00	1.27	1.43
IndustryIndustry	Construction Housing	Construction Housing	Construction Housing	Construction Housing	Construction Housing	Construction Housing	Construction Housing
Price To EarningsPE	243.88	22.79	23.00	9.64	9.88
Price To SalesPS	2.88	4.54	7.53	5.06	1.37	14.05	4.33
RevenueRevenueCr	34	20	11	16	56	5	16
Revenue Growth TTMRev Gr TTM%	44.7%	-18.7%	42.9%	2,051.3%	75.0%	-63.6%	-23.1%
PAT Growth TTMPAT Gr TTM%	-74.2%	-19.8%	18,650.0%	322.6%	538.5%	-129.3%	91.4%

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