
PHOENIXLTD - The Phoenix Mills Ltd. Share Price
Realty
Valuation | |
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Market Cap | 51.91 kCr |
Price/Earnings (Trailing) | 48.68 |
Price/Sales (Trailing) | 12.96 |
EV/EBITDA | 23.96 |
Price/Free Cashflow | -97.26 |
MarketCap/EBT | 32.16 |
Enterprise Value | 56.35 kCr |
Fundamentals | |
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Revenue (TTM) | 4.01 kCr |
Rev. Growth (Yr) | 4.5% |
Earnings (TTM) | 1.31 kCr |
Earnings Growth (Yr) | 2% |
Profitability | |
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Operating Margin | 40% |
EBT Margin | 40% |
Return on Equity | 9.48% |
Return on Assets | 6.1% |
Free Cashflow Yield | -1.03% |
Price to Sales Ratio
Revenue (Last 12 mths)
Net Income (Last 12 mths)
Growth & Returns | |
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Price Change 1W | -2.2% |
Price Change 1M | -7.8% |
Price Change 6M | -11.7% |
Price Change 1Y | -11.2% |
3Y Cumulative Return | 30.5% |
5Y Cumulative Return | 37% |
7Y Cumulative Return | 24.1% |
10Y Cumulative Return | 23.5% |
Cash Flow & Liquidity | |
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Cash Flow from Investing (TTM) | -2.16 kCr |
Cash Flow from Operations (TTM) | 2.08 kCr |
Cash Flow from Financing (TTM) | -47.27 Cr |
Cash & Equivalents | 222.67 Cr |
Free Cash Flow (TTM) | -533.73 Cr |
Free Cash Flow/Share (TTM) | -14.93 |
Balance Sheet | |
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Total Assets | 21.53 kCr |
Total Liabilities | 7.68 kCr |
Shareholder Equity | 13.85 kCr |
Current Assets | 2.7 kCr |
Current Liabilities | 2.37 kCr |
Net PPE | 2.28 kCr |
Inventory | 773.91 Cr |
Goodwill | 591.7 Cr |
Capital Structure & Leverage | |
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Debt Ratio | 0.22 |
Debt/Equity | 0.34 |
Interest Coverage | 3.08 |
Interest/Cashflow Ops | 6.27 |
Dividend & Shareholder Returns | |
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Dividend/Share (TTM) | 5 |
Dividend Yield | 0.17% |
Shares Dilution (1Y) | 0.00% |
Shares Dilution (3Y) | 0.10% |
Risk & Volatility | |
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Max Drawdown | -21.3% |
Drawdown Prob. (30d, 5Y) | 19.23% |
Risk Level (5Y) | 31.8% |
Latest News and Updates from The Phoenix Mills
Updated May 5, 2025
The Bad News
The stock has faced a daily drop of 6.72%, contributing to a concerning trend for investors.
Phoenix Mills (PHOENIXLTD) is currently underperforming in the short term, as indicated by recent price fluctuations.
Technical indicators reveal significant declines over the last month and three months for the stock.
The Good News
Phoenix Mills has demonstrated strong growth over the past three to five years, indicating potential resilience.
The stock has a 52-week range from ?1340 to ?2068.15, showcasing its capacity for recovery.
The company's long-term performance trends show slight positive metrics.
Updates from The Phoenix Mills
Clarification • 28 Jul 2025 The Exchange has sought clarification from The Phoenix Mills Ltd on July 28, 2025, with reference to Movement in Volume.<BR><BR>The reply is awaited. |
Earnings Call Transcript • 28 Jul 2025 Please refer the attached letter. |
General • 28 Jul 2025 Clarification letter on increase in Volume is attached. |
Newspaper Publication • 25 Jul 2025 Please refer the attached letter. |
Acquisition • 24 Jul 2025 Please refer the attached letter. |
General • 24 Jul 2025 Please refer the attached letter. |
Analyst / Investor Meet • 24 Jul 2025 Please refer the attached letter. |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Summary of Latest Earnings Report from The Phoenix Mills
Summary of The Phoenix Mills's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Last updated:
Management provided an optimistic outlook during the Q1 FY26 earnings call, emphasizing a strategic acquisition of a 49% stake in Island Star Mall Developers Private Limited (ISMDPL) from Canada Pension Plan Investment Board (CPP Investments) for Rs.5,449 crores, payable over 36 months in four tranches. This acquisition aims to streamline control over a high-performing retail and office platform and enhance shareholder value.
Key forward-looking points highlighted by management include:
Growth Projections: The management aims for a targeted growth trajectory, projecting the ISMDPL's portfolio to expand from approximately 6.6 million square feet to about 13 million square feet by 2030, marking a 13x increase in size over thirteen years.
EBITDA Growth: Management anticipates significant EBITDA growth from Rs.617 crores in FY25 to higher figures by implementing various enhancements and expansions, which include a multi-phase expansion plan for the Phoenix MarketCity Bangalore, introducing new hospitality and office projects.
Occupancy Targets: For their office assets, management is aggressively pursuing a leasing target of 90% by 2026, as only 6% of the ~2.2 million square feet of completed offices are currently leased.
Investments in High-Quality Assets: Management plans for a capital expenditure of approximately Rs.1,200 to Rs.1,300 crores over the next 12 months, targeting high-quality retail-led mixed-use assets despite the acquisition.
Resilience Amidst Churn: The management acknowledged a temporary dip in trading occupancy due to planned churn to optimize brand mix but sees this as an essential investment for long-term performance, anticipating improved trading densities and stronger rental income growth post-repositioning.
This strategic acquisition and clear growth roadmap underline Phoenix Mills Limited's intention to fortify its market position and deliver robust financial performance in the coming years.
Last updated:
Q&A Section Key Questions and Answers
Question: What is the cap rate you are ascribing to this acquisition's valuation? Answer: We have not approached this transaction on a cap rate basis. Instead, we see it as significantly value accretive over the next five years, especially with multiple ongoing constructions. The EBITDA at the ISMDPL platform was Rs. 617 crores in FY25, and we anticipate significant growth due to ongoing developments. The agreed acquisition price is based on fair valuation reports.
Question: Is Rs. 5,400 crores only equity value, considering ISMDPL's existing debt? Answer: The gross debt is about Rs. 950 crores, but the net debt, after accounting for cash, is around Rs. 650 crores. This implies that Rs. 5,400 crores is an enterprise value encompassing both equity and debt elements.
Question: Can you clarify whether the entire EBITDA is attributable from day one, post-acquisition? Answer: Yes, the structure of this transaction allows us to attribute EBITDA to PML from day one once the first tranche payment is made. Cash flows will exclusively benefit us going forward.
Question: What benefits does this transaction bring to PML that were not possible earlier? Answer: This acquisition eliminates minority interest leakages, allows us to optimize cash flow utilization, and projects our EBITDA to potentially grow 3x to 4x, benefiting PML's PAT. It also opens up monetization options at both asset and platform levels.
Question: What is the CAPEX plan for this year and next year? Answer: We anticipate a CAPEX of approximately Rs. 1,200 crores to Rs. 1,300 crores at the group level over the next 12 months.
Question: Can you provide clarity on the performance drop at the Mall of Asia, Bengaluru? Answer: The drop was influenced by a one-time rental billing increase last year and strategic repositioning efforts leading to lower occupancy. Normalizing for this, we achieved a significant 20% growth in rental billing.
Question: What is the expected timing for the openings of Kolkata and Surat malls? Answer: We expect the Phoenix Grand Victoria Mall in Kolkata and the Surat mall to be completed by 2027, with ongoing expansions at other key properties.
Question: How will you be funding the Rs. 5,400 crores payment? Answer: Funding will be through a mix of strategies including dividends, buybacks, and capital reductions, with an emphasis on utilizing cash flows from the ISMDPL platform to support payments.
Question: Has the valuation report provided details on operational and under-construction assets? Answer: No, the valuers have not published a detailed breakdown of the asset valuations publicly, so we cannot disclose specific figures.
Question: Is there visibility on the occupancy ramp-up for new office assets? Answer: We expect significant growth in occupancy, targeting 90% by 2026. Completed amenities enhance leasing potential, and we have a solid leasing pipeline already showing promising momentum.
Revenue Breakdown
Analysis of The Phoenix Mills's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Jun 30, 2025
Description | Share | Value |
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Property & Related Services | 79.4% | 764.1 Cr |
Hospitality Services | 16.2% | 155.5 Cr |
Residential Business | 4.4% | 42.7 Cr |
Total | 962.3 Cr |
Share Holdings
Understand The Phoenix Mills ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
Holding Pattern
Share Holding Details
Shareholder Name | Holding % |
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Ruia International Holding Company Private Limited | 31.11% |
Senior Advisory Services Private Limited | 8.11% |
Ashok Apparels Private Limited | 5.41% |
Government Of Singapore | 3.1% |
Atul Ashokkumar Ruia | 1.94% |
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Midcap Fund | 1.73% |
ICICI Prudential Balanced Advantage Fund | 1.57% |
Polar Capital Funds PLC-Emerging Market Stars Fund | 1.43% |
UTI-Midcap Fund | 1.32% |
Schroder International Selection fund Emerging Asia | 1.27% |
DSP Midcap Fund | 1.25% |
Kavita Khaitan Beneficiary Trust (Amla Ruia Holding as Trustee for Kavita Khaitan Beneficiary Trust) | 0.25% |
Sharanya A. Ruia Beneficiary Trust | 0.16% |
Sharmila Dalmia Family Trust | 0.1% |
Radhakrishna Ramnarain Private Limited | 0.09% |
Sharmila Dalimia | 0.07% |
Ashton Real Estate Development Private Limited | 0.02% |
Amla Ashokkumar Ruia | 0% |
Gayatri Atul Ruia | 0% |
Atul Ruia Family Trust (Atul Ashokkumar Ruia Holding as Trustee of Atul Ruia Family Trust) | 0% |
Overall Distribution
Distribution across major stakeholders
Ownership Distribution
Distribution across major institutional holders
Is The Phoenix Mills Better than it's peers?
Detailed comparison of The Phoenix Mills against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|---|
DLF | DLF | 1.88 LCr | 9 kCr | -9.90% | -10.20% | 41.92 | 18.35 | - | - |
PRESTIGE | Prestige Estates Projects | 69.94 kCr | 8.18 kCr | -2.10% | -1.40% | 130.11 | 8.55 | - | - |
OBEROIRLTY | OBEROI REALTY | 58.54 kCr | 5.11 kCr | -13.30% | -9.10% | 28.39 | 11.46 | - | - |
BRIGADE | Brigade Enterprises | 24.01 kCr | 5.31 kCr | -15.20% | -19.20% | 34.02 | 4.52 | - | - |
SOBHA | Sobha | 16.65 kCr | 4.39 kCr | +2.40% | -9.30% | 158 | 3.79 | - | - |
Sector Comparison: PHOENIXLTD vs Realty
Comprehensive comparison against sector averages
Comparative Metrics
PHOENIXLTD metrics compared to Realty
Category | PHOENIXLTD | Realty |
---|---|---|
PE | 48.47 | 42.07 |
PS | 12.90 | 8.35 |
Growth | -4.9 % | 6.4 % |
Performance Comparison
PHOENIXLTD vs Realty (2021 - 2025)
- 1. PHOENIXLTD is among the Top 10 Residential, Commercial Projects companies but not in Top 5.
- 2. The company holds a market share of 4.3% in Residential, Commercial Projects.
- 3. In last one year, the company has had a below average growth that other Residential, Commercial Projects companies.
Income Statement for The Phoenix Mills
Balance Sheet for The Phoenix Mills
Cash Flow for The Phoenix Mills
What does The Phoenix Mills Ltd. do?
The Phoenix Mills is a prominent player in the Residential and Commercial Projects sector, operating primarily in India.
With its stock ticker PHOENIXLTD, the company boasts a significant market capitalization of Rs. 58,444.6 Crores. Its core operations include the management of malls, the construction of residential and commercial properties, and maintaining a hospitality sector.
The Phoenix Mills operates across three main segments:
- Property and Related Services
- Hospitality
- Residential Business
The company's diverse real estate asset portfolio encompasses retail malls, commercial offices, residential properties, and hospitality projects in major Indian cities such as Mumbai, Chennai, Bengaluru, Pune, Kolkata, Lucknow, Bareilly, Agra, Ahmedabad, and Indore.
In the hospitality sector, the company owns and operates hotels under prestigious brands like The St. Regis and Courtyard by Marriott, alongside various restaurant establishments in Mumbai and Agra.
When it comes to retail operations, Phoenix Mills runs multiple shopping destinations including:
- Phoenix Palladium
- Phoenix MarketCity
- Palladium
- Phoenix United
- Phoenix Palassio
- Phoenix Citadel
- Phoenix Mall of Asia
- Phoenix Mall of the Millennium
Founded in 1905 and headquartered in Mumbai, The Phoenix Mills has reported a trailing 12-month revenue of Rs. 4,246.1 Crores and a profit of Rs. 1,351.2 Crores over the last four quarters. The company also provides dividends to its investors, yielding 0.32% annually, with a recent distribution of Rs. 5 per share.
However, it's important to note that over the past three years, the company has diluted shareholders by 3.8%. Despite this, Phoenix Mills has experienced impressive revenue growth of 185.7% in the same period, showcasing its profitable and expanding business model.