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PHOENIXLTD

PHOENIXLTD - The Phoenix Mills Ltd. Share Price

Realty

1559.50-27.80(-1.75%)
Market Closed as of Aug 26, 2025, 15:30 IST

Valuation

Market Cap51.91 kCr
Price/Earnings (Trailing)48.68
Price/Sales (Trailing)12.96
EV/EBITDA23.96
Price/Free Cashflow-97.26
MarketCap/EBT32.16
Enterprise Value56.35 kCr

Fundamentals

Revenue (TTM)4.01 kCr
Rev. Growth (Yr)4.5%
Earnings (TTM)1.31 kCr
Earnings Growth (Yr)2%

Profitability

Operating Margin40%
EBT Margin40%
Return on Equity9.48%
Return on Assets6.1%
Free Cashflow Yield-1.03%

Price to Sales Ratio

Latest reported: 13

Revenue (Last 12 mths)

Latest reported: 4 kCr

Net Income (Last 12 mths)

Latest reported: 1 kCr

Growth & Returns

Price Change 1W-2.2%
Price Change 1M-7.8%
Price Change 6M-11.7%
Price Change 1Y-11.2%
3Y Cumulative Return30.5%
5Y Cumulative Return37%
7Y Cumulative Return24.1%
10Y Cumulative Return23.5%

Cash Flow & Liquidity

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 & Equivalents222.67 Cr
Free Cash Flow (TTM)-533.73 Cr
Free Cash Flow/Share (TTM)-14.93

Balance Sheet

Total Assets21.53 kCr
Total Liabilities7.68 kCr
Shareholder Equity13.85 kCr
Current Assets2.7 kCr
Current Liabilities2.37 kCr
Net PPE2.28 kCr
Inventory773.91 Cr
Goodwill591.7 Cr

Capital Structure & Leverage

Debt Ratio0.22
Debt/Equity0.34
Interest Coverage3.08
Interest/Cashflow Ops6.27

Dividend & Shareholder Returns

Dividend/Share (TTM)5
Dividend Yield0.17%
Shares Dilution (1Y)0.00%
Shares Dilution (3Y)0.10%

Risk & Volatility

Max Drawdown-21.3%
Drawdown Prob. (30d, 5Y)19.23%
Risk Level (5Y)31.8%
Pros

Profitability: Very strong Profitability. One year profit margin are 33%.

Size: It is among the top 200 market size companies of india.

Past Returns: Outperforming stock! In past three years, the stock has provided 30.5% return compared to 12% by NIFTY 50.

Balance Sheet: Strong Balance Sheet.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Smart Money: Smart money has been increasing their position in the stock.

Cons

Momentum: Stock is suffering a negative price momentum. Stock is down -7.8% in last 30 days.

The Good, Bad and Ugly
Growth
Measures how quickly a company is expanding through metrics like revenue growth, earnings growth, and cash flow growth over time. Strong growth can indicate future potential.
Profitability
Shows how efficiently a company turns business activities into profit, using metrics like profit margins, return on equity (ROE), and return on assets (ROA).
Size
Indicates the company's market presence through metrics like market capitalization, total assets, and revenue. Size can influence stability and market influence.
Dilution Rank
Tracks how much the company's shares have increased or decreased over time. Lower dilution means existing shareholders maintain stronger ownership stakes.
Balance Sheet
Evaluates the company's financial health by analyzing assets, debts, and equity. A strong balance sheet indicates financial stability and flexibility.
Momentum
Measures the strength and speed of price movements, showing whether the stock is gaining or losing market favor over different time periods.
Technicals
Analyzes price patterns, trading volumes, and other market indicators to identify potential trading opportunities and market trends.
Smart Money
Tracks the investment activities of institutional investors, hedge funds, and other large financial players who often have deep research capabilities.
Insider Trading
Monitors buying and selling of company shares by executives, directors, and other insiders who may have unique insights into the company's prospects.

Investor Care

Dividend Yield0.17%
Dividend/Share (TTM)5
Shares Dilution (1Y)0.00%
Earnings/Share (TTM)29.83

Financial Health

Current Ratio1.14
Debt/Equity0.34

Technical Indicators

RSI (14d)40.04
RSI (5d)23.57
RSI (21d)35.34
MACD SignalSell
Stochastic Oscillator SignalHold
Grufity SignalSell
RSI SignalHold
RSI5 SignalBuy
RSI21 SignalHold
SMA 5 SignalSell
SMA 10 SignalSell
SMA 20 SignalSell
SMA 50 SignalSell
SMA 100 SignalSell

Latest News and Updates from The Phoenix Mills

Updated May 5, 2025

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:

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. 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.

  7. 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.

  8. 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.

  9. 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.

  10. 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

DescriptionShareValue
Property & Related Services79.4%764.1 Cr
Hospitality Services16.2%155.5 Cr
Residential Business4.4%42.7 Cr
Total962.3 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 NameHolding %
Ruia International Holding Company Private Limited31.11%
Senior Advisory Services Private Limited8.11%
Ashok Apparels Private Limited5.41%
Government Of Singapore3.1%
Atul Ashokkumar Ruia1.94%
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Midcap Fund1.73%
ICICI Prudential Balanced Advantage Fund1.57%
Polar Capital Funds PLC-Emerging Market Stars Fund1.43%
UTI-Midcap Fund1.32%
Schroder International Selection fund Emerging Asia1.27%
DSP Midcap Fund1.25%
Kavita Khaitan Beneficiary Trust (Amla Ruia Holding as Trustee for Kavita Khaitan Beneficiary Trust)0.25%
Sharanya A. Ruia Beneficiary Trust0.16%
Sharmila Dalmia Family Trust0.1%
Radhakrishna Ramnarain Private Limited0.09%
Sharmila Dalimia0.07%
Ashton Real Estate Development Private Limited0.02%
Amla Ashokkumar Ruia0%
Gayatri Atul Ruia0%
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
DLFDLF1.88 LCr9 kCr-9.90%-10.20%41.9218.35--
PRESTIGEPrestige Estates Projects69.94 kCr8.18 kCr-2.10%-1.40%130.118.55--
OBEROIRLTYOBEROI REALTY58.54 kCr5.11 kCr-13.30%-9.10%28.3911.46--
BRIGADEBrigade Enterprises24.01 kCr5.31 kCr-15.20%-19.20%34.024.52--
SOBHASobha16.65 kCr4.39 kCr+2.40%-9.30%1583.79--

Sector Comparison: PHOENIXLTD vs Realty

Comprehensive comparison against sector averages

Comparative Metrics

PHOENIXLTD metrics compared to Realty

CategoryPHOENIXLTDRealty
PE48.4742.07
PS12.90 8.35
Growth-4.9 %6.4 %
67% metrics above sector average

Performance Comparison

PHOENIXLTD vs Realty (2021 - 2025)

PHOENIXLTD is underperforming relative to the broader Realty sector and has declined by 56.2% compared to the previous year.

Key Insights
  • 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

Consolidated figures (in Rs. Crores) /
Standalone figures (in Rs. Crores) /

Balance Sheet for The Phoenix Mills

Consolidated figures (in Rs. Crores) /
Standalone figures (in Rs. Crores) /

Cash Flow for The Phoenix Mills

Consolidated figures (in Rs. Crores) /
Standalone figures (in Rs. Crores) /

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.

Industry Group:Realty
Employees:101
Website:www.thephoenixmills.com