The Phoenix Mills Limited PHOENIXLTD NIFTY_MIDNSE

Real Estate · Real Estate - Diversified · India

https://www.thephoenixmills.com

The Phoenix Mills Limited engages in the operation and management of malls, construction of commercial and residential properties, and hotel business in India. The company operates in three segments, Property and Related Services, Hospitality, and Residential Business. Its real estate asset portfolio consists of retail mall, commercial office, residential, and hospitality projects located in Mumbai, Chennai, Bengaluru, Pune, Kolkata, Lucknow, Bareilly, Agra, Ahmedabad, Indore, Surat, Chandigarh, Thane, and Coimbatore. The company owns and operates hotels under The St. Regis name; Courtyard by Marriott brand name in Agra; and various restaurants in Mumbai and Agra. It operates malls primarily under the Phoenix Palladium, Phoenix MarketCity, Palladium, Phoenix United, Phoenix Palassio, Phoenix Paragon, Phoenix Citadel, Phoenix Grand Victoria, Phoenix Mall of Asia, and Phoenix Mall of the Millennium brand names. The Phoenix Mills Limited was incorporated in 1905 and is based in Mumbai, India.

Market & Price

Market Cap

₹63,345.28 Cr

Current Price

₹1,771.20

High / Low (52W)

₹1,950.80 / ₹1,415.03

Beta

0.33

Valuation

Stock P/E

50.50

Industry PE

20.49

Forward P/E

34.28

PEG Ratio

Book Value

₹307.31

Price to Book

5.76

P/S

14.32

EV/EBITDA

26.98

Dividend Yield

0.14%

Profitability & Returns

ROCE

11.84%

ROE

11.06%

ROA

6.41%

Profit Margin

27.67%

Op Margin

53.54%

EPS (Latest Qtr)

₹11.39

EPS (TTM)

₹35.07

Balance Sheet & Liquidity

Debt/Equity

0.37

Quick Ratio

0.47

Current Ratio

0.87

Debt

₹5,323.01 Cr

Total Assets

₹22,852.66 Cr

Current Assets

₹3,123.45 Cr

Working Capital

₹694.73 Cr

Ownership

Promoter Holding

47.86%

Chg in Prom Hold

FII / Inst Holding

38.55%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹71,150.08 Cr

Total Revenue (TTM)

₹4,422.80 Cr

EBITDA

₹2,637.10 Cr

Free Cash Flow

₹1,810.56 Cr

Operating Cash Flow

₹2,425.69 Cr

Shares Outstanding

₹35.76 Cr

Gross Margin

93.42%

Payout Ratio

7.14%

Growth (CAGR)

Revenue 5Y

19.36%

Profit 5Y

-2.86%

Revenue (YoY)

33.70%

Earnings (YoY)

50.00%

PROS

Excellent profit margin of 27.7%.
Compounding revenue at 19.4% over 5 years.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Trading at a high P/E of 50.5.
Earnings shrank at -2.9% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Real Estate).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	PHOENIXLTD The Phoenix Mills Limited NIFTY_MIDNSE	1,771.20	50.50	₹63,345.28 Cr	0.14%	11.84%	11.06%	19.36%	-2.86%
2	DLF DLF Limited NSE	590.60	33.11	₹1.46 L Cr	1.02%	6.35%	10.03%	12.98%	29.44%
3	LODHA Lodha Developers Limited NSE	938.10	27.40	₹93,708.23 Cr	0.45%	18.07%	15.71%	21.34%	91.69%
4	OBEROIRLTY Oberoi Realty Limited NIFTY_MIDNSE	1,707.10	24.75	₹62,070.53 Cr	0.47%	16.74%	14.91%	12.92%	9.60%
5	PRESTIGE Prestige Estates Projects Limited NIFTY_MIDNSE	1,369.20	49.27	₹58,975.58 Cr	0.13%	12.91%	8.00%	15.58%	8.28%
6	GODREJPROP Godrej Properties Limited NIFTY_MIDNSE	1,762.70	28.74	₹53,093.89 Cr	0.57%	12.01%	9.97%	33.30%	47.94%
7	SOBHA Sobha Limited NIFTY_SMALLNSE	1,418.00	106.38	₹15,166.05 Cr	0.42%	5.80%	4.17%	16.27%	-18.23%
8	ABREL Aditya Birla Real Estate Limited NIFTY_SMALLNSE	1,243.80	-	₹13,753.67 Cr	0.16%	-5.19%	-8.91%	-52.60%	-45.99%
9	SIGNATURE Signatureglobal (India) Limited NIFTY_SMALLNSE	852.70	10.95	₹11,981.35 Cr	-	36.34%	84.88%	18.87%	604.67%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026
Revenue	-	975.13 Cr	1,016.34 Cr	952.99 Cr	1,121.19 Cr	1,233.20 Cr
Cost of Revenue	-	54.93 Cr	71.85 Cr	48.03 Cr	66.72 Cr	97.52 Cr
Gross Profit	-	920.20 Cr	944.49 Cr	904.96 Cr	1,054.48 Cr	1,135.68 Cr
Operating Expenses	-	448.64 Cr	475.07 Cr	434.12 Cr	484.47 Cr	475.43 Cr
Operating Income	-	471.56 Cr	469.42 Cr	470.84 Cr	570.01 Cr	660.25 Cr
EBITDA	-	599.21 Cr	602.07 Cr	595.80 Cr	678.58 Cr	806.78 Cr
Interest Expense	-	102.88 Cr	94.12 Cr	95.15 Cr	102.35 Cr	97.41 Cr
Pretax Income	-	415.05 Cr	417.71 Cr	407.21 Cr	489.95 Cr	620.01 Cr
Tax Provision	-	64.12 Cr	71.20 Cr	87.29 Cr	121.82 Cr	134.30 Cr
Net Income	-	264.76 Cr	268.82 Cr	240.69 Cr	275.79 Cr	403.35 Cr
Diluted EPS	-	7.40	7.59	6.73	7.71	11.39

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	2,601.20 Cr	3,899.14 Cr	3,813.57 Cr	4,422.80 Cr
Cost of Revenue	-	196.15 Cr	680.77 Cr	218.28 Cr	291.21 Cr
Gross Profit	-	2,405.05 Cr	3,218.37 Cr	3,595.29 Cr	4,131.59 Cr
Operating Expenses	-	1,082.19 Cr	1,266.68 Cr	1,760.63 Cr	1,854.80 Cr
Operating Income	-	1,322.85 Cr	1,951.68 Cr	1,834.66 Cr	2,276.79 Cr
EBITDA	-	2,240.43 Cr	2,309.00 Cr	2,324.82 Cr	2,778.87 Cr
Interest Expense	-	341.18 Cr	395.87 Cr	403.21 Cr	386.84 Cr
Pretax Income	-	1,671.44 Cr	1,642.92 Cr	1,595.09 Cr	2,031.71 Cr
Tax Provision	-	198.94 Cr	316.60 Cr	293.57 Cr	475.10 Cr
Net Income	-	1,334.96 Cr	1,099.21 Cr	984.23 Cr	1,223.82 Cr
Diluted EPS	-	37.35	30.66	27.16	35.02

Compounded Sales Growth

5 Years:	19.36%
1 Year:	33.70%

Compounded Profit Growth

5 Years:	-2.86%
1 Year:	50.00%

Stock Price Performance

1 Year:	+12.39%
6 Months:	+3.23%
3 Months:	+2.19%
1 Month:	+0.53%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	17,589.20 Cr	19,235.46 Cr	21,531.23 Cr	22,852.66 Cr
Current Assets	-	3,392.69 Cr	3,387.45 Cr	2,696.48 Cr	3,123.45 Cr
Cash & Equivalents	-	263.56 Cr	454.44 Cr	222.67 Cr	181.41 Cr
Inventory	-	1,211.73 Cr	781.74 Cr	773.91 Cr	776.39 Cr
Receivables	-	238.25 Cr	270.05 Cr	230.19 Cr	316.78 Cr
Total Liabilities	-	6,513.12 Cr	6,848.02 Cr	7,678.52 Cr	8,547.80 Cr
Current Liabilities	-	2,578.51 Cr	2,197.29 Cr	2,368.05 Cr	2,428.71 Cr
Long Term Debt	-	3,310.20 Cr	3,813.08 Cr	3,847.07 Cr	4,704.40 Cr
Total Debt	-	4,259.28 Cr	4,639.24 Cr	4,687.22 Cr	5,323.00 Cr
Total Equity	-	8,379.77 Cr	9,457.71 Cr	10,448.15 Cr	10,988.54 Cr
Shares Outstanding	-	35.72 Cr	35.74 Cr	35.75 Cr	35.76 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	1,356.05 Cr	2,160.94 Cr	2,083.56 Cr	2,425.69 Cr
Investing Cash Flow	-	-1,536.02 Cr	-1,859.15 Cr	-2,162.12 Cr	-1,645.58 Cr
Financing Cash Flow	-	131.78 Cr	-299.21 Cr	-47.27 Cr	-730.55 Cr
Capital Expenditure	-	-1,825.73 Cr	-1,673.64 Cr	-2,617.29 Cr	-1,396.79 Cr
Free Cash Flow	-	-469.68 Cr	487.29 Cr	-533.73 Cr	1,028.90 Cr
Net Change in Cash	-	-48.19 Cr	2.58 Cr	-125.83 Cr	49.55 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	92.5%	82.5%	94.3%	93.4%
Operating Margin %	-	50.9%	50.1%	48.1%	51.5%
Net Margin %	-	51.3%	28.2%	25.8%	27.7%
ROE %	-	15.9%	11.6%	9.4%	11.1%
ROCE %	-	8.8%	11.5%	9.6%	11.1%

Shareholding Pattern

Insiders

47.86%

Institutions

38.55%

Public Float

73.94%

Analyst View

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PHOENIXLTD · Real Estate