Mid Real Estate

The Phoenix Mills Ltd.

PHOENIXLTD

₹1561.8

-1.67% (-26.6)

Market Cap

₹55,840 Cr.

P/E

56.73

The Phoenix Mills Ltd.

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on The Phoenix Mills Ltd. Shareprice

Has the share price of Phoenix Mills grown faster than its competition?

Phoenix Mills has given lower returns compared to its competitors.
Phoenix Mills has grown at ~-2.48% over the last 1yrs while peers have grown at a median rate of 1.84%

Is Phoenix Mills stock expensive?

Phoenix Mills is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE.
Latest PE of Phoenix Mills is 57.69, while 3 year average PE is 97.55.
Also latest EV/EBITDA of Phoenix Mills is 28.19 while 3yr average is 27.81.

View FAQ's On Business

Growth Table

The Phoenix Mills Ltd.
Oberoi Realty
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Prestige EstatesProj
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	-2.99	42.87	41.22	37.41	37.76	29.99	25.22	28.25	29.48	24.38
TTM EPS CAGR	-12.06	-16.18	61.30	104	18.45	12.55	19.26	22.26	22.12	36.56
Sales CAGR	-4.13	20.23	36.99	37.94	14.46	11.53	13.01	9.65	8.84	8.72
PAT Margin (Abs Growth)	-22.47	16.63	30.10	15.01	10.04	20.28	22.93	28.74	28.12	20.61
PE CAGR	10.31	70.44	-12.45	-32.80	16.30	15.50	5.00	4.90	6.03	-8.92
CFO CAGR	59.41	66.41	71.05	30.80	43.91	6.11	6.20	20.17	16.11	19.09

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

The Phoenix Mills Ltd.
Oberoi Realty
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Prestige EstatesProj
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Assets	7,314	6,884	8,358	9,977	10,486	11,326	14,288	17,636	19,429	21,531
Non Current Assets	5,375	5,602	7,052	8,264	8,803	9,433	10,591	14,119	15,852	18,835
Net Block	4,548	4,501	5,668	6,522	6,453	1,622	1,546	2,429	2,862	2,873
Capital Work in Progress	164	295	426	832	1,401	1,274	1,922	2,295	1,503	—
Intangible Assets Under Development	—	0.72	0.00	0.22	0.18	0.04	—	—	—	—
Long Term Investments	140	410	498	472	428	477	493	302	401	479
Current Assets	2,049	1,407	1,445	1,852	1,742	2,015	3,818	3,393	3,387	2,696
Inventory	1,324	945	661	899	816	768	750	1,212	782	774
Accounts Receivable	279	147	129	196	202	324	280	238	270	230
Short Term Investments	21.35	—	331	273	162	99.07	1,824	980	1,324	985
Cash & Bank Balances	163	81.24	40.61	192	141	514	593	630	710	512
Liabilities	7,314	6,884	8,358	9,977	10,486	11,326	14,288	17,636	19,429	21,531
Shareholders Funds	2,027	2,150	2,852	3,474	3,708	5,039	6,582	8,380	9,458	10,448
Share Capital	30.60	30.61	30.63	30.66	30.69	34.37	35.70	35.72	35.74	71.50
Reserves	1,996	2,116	2,812	3,430	3,661	4,986	6,526	8,320	9,393	10,377
Non Current Liabilities	3,592	3,329	3,302	3,478	3,560	3,179	3,235	3,981	4,796	5,310
Secured Loans	3,355	3,022	3,115	3,229	3,174	2,909	3,081	3,150	3,645	—
Unsecured Loans	24.77	84.11	82.35	203	231	163	59.35	160	168	3,847
Current Liabilities	1,216	1,125	1,738	1,802	1,939	2,007	2,041	2,579	2,245	2,368
Accounts Payable	121	108	109	148	109	95.01	130	158	205	203
Short Term Loans	243	248	254	549	679	581	516	704	582	816

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

The Phoenix Mills Ltd.
Oberoi Realty
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Prestige EstatesProj
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Sales	1,780	1,825	1,620	1,982	1,941	1,045	1,483	2,638	3,978	3,814
Operating Expenses	992	977	841	988	974	551	749	1,119	1,801	1,652
Raw Material	433	283	177	461	114	33.21	89.18	592	187	210
Material Cost (%)	16.00	13.52	8.14	11.05	10.09	7.36	6.94	5.64	13.10	5.72
Employee Cost	124	140	147	162	166	113	157	232	299	363
Power & Fuel Cost	198	203	182	171	163	63.26	75.41	129	173	—
Operating Profit	787	848	779	994	967	494	734	1,519	2,177	2,161
Other Income	30.76	47.24	55.62	85.13	58.75	92.29	74.44	116	132	151
OPM (%)	44.23	46.46	48.07	50.14	49.83	47.31	49.49	57.57	54.73	56.67
Depreciation and Amortisation	177	195	198	204	208	209	186	228	270	327
Interest	443	424	349	351	348	348	295	341	396	403
Profit Before Tax	159	276	287	572	478	29.22	328	1,671	1,643	1,595
Tax	76.69	85.76	75.80	110	122	-4.68	80.06	199	317	294
Net Profit	129	168	242	421	335	57.63	237	1,335	1,099	1,302
Number of shares(Crs)	15.30	15.31	15.31	15.33	15.35	17.19	17.85	17.86	17.87	—
Dividend Payout Ratio(%)	26.11	21.88	16.43	10.92	0.00	29.82	18.05	6.69	8.13	—

TTM Values as of Mar 2025

Cash Flow

The Phoenix Mills Ltd.
Oberoi Realty
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Prestige EstatesProj
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash from Operating Activity	497	1,419	1,514	350	739	432	781	1,356	2,162	2,084
Profit Before Tax	159	276	287	572	478	29.22	328	1,671	1,643	1,595
Adjustments	668	596	506	434	511	488	440	-102	540	554
OCF Before Working Capital	826	872	793	1,006	989	517	769	1,569	2,183	2,149
Working Capital Changes	-194	590	742	-575	-142	-97.40	69.78	-4.15	295	219
Taxes Paid	-135	-43.76	-20.77	-80.43	-108	12.43	-57.70	-209	-317	-285
Cash from Investing Activity	-389	-354	-1,825	-1,394	-362	-950	-2,841	-1,536	-1,859	-2,162
Net Fixed Assets Purchased	-386	-185	-1,501	-1,461	-742	-123	-1,227	-1,825	-1,673	-2,615
Fixed Assets Purchased	-386	-185	-1,501	-1,465	-742	-157	-1,259	-1,826	-1,674	-2,617
Fixed Assets Sold	0.57	—	0.16	3.93	0.19	34.01	32.06	1.18	0.52	2.02
Investment Purchased	—	-268	-1,757	-1,313	-913	-1,955	-3,582	-3,369	-2,523	-2,660
Investment Sold	9.63	25.04	1,415	1,464	1,225	1,087	1,993	4,547	2,304	3,072
Interest Recieved	17.24	28.42	11.34	44.19	59.30	43.30	44.21	37.20	48.20	50.63
Dividends Recieved	0.54	0.41	1.40	3.64	2.91	0.00	1.07	1.75	0.53	0.54
Subsidiary Investments	—	—	—	—	—	—	—	—	—	—
Cash from Financing Activity	-70.70	-1,108	277	1,053	-287	522	2,228	132	-299	-47.27
Proceeds From Shares	276	2.16	2.47	4.91	4.66	1,091	9.59	5.24	5.60	—
Net Long Term Borrowings	491	-274	34.89	235	857	-181	41.28	-454	475	103
Proceeds From Borrowings	1,485	490	1,636	420	922	—	-1,391	-2,079	-575	396
Repayment From Borrowings	-994	-764	-1,601	-186	-65.32	-181	1,433	1,625	1,050	-293
Interest Paid	-447	-432	-352	-333	-302	-368	-279	-367	-381	-345
Dividend Paid	-72.65	-8.29	-44.19	-48.02	-55.63	-0.25	-17.41	-43.07	-89.60	-89.50
Net Cash Flow	37.65	-42.70	-33.30	8.75	89.75	3.46	167	-48.19	3.37	-126
Opening Cash & Cash Equivalents	56.97	107	64.13	30.83	39.58	129	133	136	96.16	98.74
Effect of FX	—	—	—	—	—	—	—	—	—	—
Closing Cash & Cash Equivalents	107	64.13	30.83	39.58	129	133	300	96.16	99.53	-27.09
Net Capex (est)	386	185	1,501	1,461	742	123	1,227	1,825	1,673	2,615
Free Cash Flow (est)	112	1,234	12.87	-1,110	-3.03	309	-447	-468	489	-532

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

The Phoenix Mills Ltd.
Oberoi Realty
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Prestige EstatesProj
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	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational Ratios
Quick Ratio	0.45	0.60	0.41	0.45	0.53	0.48	0.62	1.50	0.85	1.16
Liquid Assets (Crs)	545	725	461	783	953	926	1,247	3,068	2,181	2,606
Current Liabilities (Crs)	1,205	1,216	1,125	1,738	1,802	1,939	2,007	2,041	2,579	2,245
Current Ratio	1.43	1.68	1.25	0.83	1.03	0.90	1.00	1.87	1.32	1.51
Current Assets (Crs)	1,723	2,049	1,407	1,445	1,852	1,742	2,015	3,818	3,393	3,387
Current Liabilities (Crs)	1,205	1,216	1,125	1,738	1,802	1,939	2,007	2,041	2,579	2,245
Interest Coverage Ratio	1.34	1.36	1.65	1.82	2.63	2.37	1.08	2.11	5.90	5.15
EBIT (Crs)	625	641	700	636	875	818	377	623	1,407	2,039
Interest Expenses (Crs)	396	443	424	349	351	348	348	295	341	396
Fixed Asset Turnover	0.36	0.34	0.34	0.24	0.26	0.25	0.39	0.55	0.69	0.91
Net Sales (Crs)	1,653	1,780	1,825	1,620	1,982	1,941	1,045	1,483	2,638	3,978
Fixed Assets (Crs)	4,636	5,230	5,341	6,703	7,750	7,883	2,671	2,708	3,833	4,390
Cash Conversion Cycle	134	163	100	-88.29	-40.81	-40.53	-115	-137	-182	-12.55
Inventory Days	256	257	227	181	144	161	277	187	136	91.46
Days Receivable	45.92	51.05	42.57	31.11	29.90	37.35	91.76	74.26	35.84	23.32
Days Payable	168	145	169	300	214	239	484	398	354	127
Debt to Equity Ratio	2.03	1.92	1.69	1.29	1.22	1.16	0.81	0.60	0.51	0.49
Total Debt (Crs)	3,402	3,889	3,626	3,667	4,244	4,308	4,063	3,982	4,259	4,612
Shareholders Equity (Crs)	1,674	2,027	2,150	2,852	3,474	3,708	5,039	6,582	8,380	9,458
Free Cash Flow/Sales (%)	27.59	6.27	67.64	0.79	-56.03	-0.16	29.55	-30.10	-17.76	12.28
Free Cash Flow(est) (Crs)	456	112	1,234	12.87	-1,110	-3.03	309	-447	-468	489
Net Sales (Crs)	1,653	1,780	1,825	1,620	1,982	1,941	1,045	1,483	2,638	3,978
Profitability Ratios
Gross Margin (%)	82.98	84.00	86.48	91.86	88.95	89.91	92.64	93.06	94.36	86.90
Op Profit Margin (%)	46.10	44.23	46.46	48.07	50.14	49.83	47.31	49.49	57.57	54.73
Operating Profit (Crs)	794	818	895	834	1,079	1,026	587	809	1,635	2,309
Net Sales (Crs)	1,653	1,780	1,825	1,620	1,982	1,941	1,045	1,483	2,638	3,978
Net Profit Margin (%)	2.14	7.25	9.20	14.96	21.25	17.24	5.51	16.00	50.60	27.63
Net Profit (Crs)	35.43	129	168	242	421	335	57.63	237	1,335	1,099
Net Sales (Crs)	1,653	1,780	1,825	1,620	1,982	1,941	1,045	1,483	2,638	3,978
ROCE (%)	11.73	10.51	12.15	9.61	10.70	9.57	4.05	5.09	9.35	11.86
EBIT (Crs)	625	641	700	636	875	818	377	623	1,407	2,039
Capital Employed (Crs)	5,332	6,098	5,759	6,620	8,175	8,547	9,319	12,247	15,057	17,184
Return on Assets (%)	0.54	1.76	2.44	2.90	4.22	3.19	0.51	1.66	7.57	5.66
Net Profit (Crs)	35.43	129	168	242	421	335	57.63	237	1,335	1,099
Total Assets (Crs)	6,537	7,314	6,884	8,358	9,977	10,486	11,326	14,288	17,636	19,429
ROIC (%)	7.88	5.78	8.79	7.30	8.72	7.41	13.72	14.08	27.85	41.88
Op Profit after Taxes (Crs)	378	315	450	427	638	566	331	415	1,137	1,539
Invested Capital (Crs)	4,798	5,455	5,112	5,854	7,316	7,636	2,410	2,945	4,085	3,675
ROE (%)	2.12	6.36	7.81	8.50	12.12	9.03	1.14	3.61	15.93	11.62
Net Profit Margin (%)	2.14	7.25	9.20	14.96	21.25	17.24	5.51	16.00	50.60	27.63
Asset Turnover ratio	0.25	0.24	0.27	0.19	0.20	0.19	0.09	0.10	0.15	0.20
Equity Multiplier	3.91	3.61	3.20	2.93	2.87	2.83	2.25	2.17	2.10	2.05
Adjusted EPS	1.22	4.21	5.49	7.91	13.73	10.91	1.68	6.65	37.37	30.76
Valuation Ratios
P/E	144	35.60	34.38	37.48	24.13	26.23	233	82.68	17.41	45.04
Price to Book	3.07	2.26	2.69	3.20	2.94	2.38	2.68	2.99	2.78	5.25
EV/EBITDA	10.59	10.17	10.41	15.23	13.17	12.62	28.97	28.46	16.43	23.13
Dividend Yield (%)	0.63	0.73	0.64	0.44	0.45	0.00	0.13	0.22	0.38	0.18

Quarterly Results

The Phoenix Mills Ltd.
Oberoi Realty
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Prestige EstatesProj
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In Rs. Cr.	Dec'22	Mar'23	Jun'23	Sep'23	Dec'23	Mar'24	Jun'24	Sep'24	Dec'24	Mar'25
Net Sales	684	729	811	875	986	1,306	904	918	975	1,016
Operating Expenses	299	298	318	369	434	679	373	400	422	457
Increase/Decrease in Stock	-8.13	-424	10.01	45.25	41.74	237	2.35	5.69	-19.47	19.27
Raw Material	46.13	466	49.41	33.59	33.67	79.73	34.53	48.93	74.40	52.58
Employee Cost	67.97	60.34	64.43	73.07	87.53	73.92	88.60	88.45	98.65	86.98
Selling and Distribution Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Electricity, Power & Fuel Cost	30.84	30.40	47.14	44.68	45.79	24.21	55.04	58.49	51.65	48.57
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	7.81	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	384	431	492	506	552	627	531	518	553	560
Other Income	34.72	25.70	28.97	31.62	34.40	37.19	38.26	37.10	30.40	45.15
Interest	86.59	97.09	95.66	96.48	104	99.55	103	103	103	94.12
PBDT	333	408	426	441	482	564	466	452	496	508
Depreciation and Amortization	56.94	64.96	62.95	65.91	65.61	75.72	77.48	77.53	81.27	90.23
Profit Before Tax	276	343	363	375	416	489	388	374	415	418
Tax	63.28	49.58	72.97	71.37	72.42	99.85	74.74	83.50	64.12	71.20
Profit After Tax	212	293	290	304	344	389	313	291	351	347
Exceptional Items	0.00	48.44	0.00	0.00	0.00	0.00	-0.51	0.00	15.98	-2.73
Net Profit	176	254	241	253	279	327	233	218	265	269
Quarterly Ratios
EPS	4.94	7.11	6.73	7.07	7.82	9.14	6.51	6.10	7.41	7.52
Operating Profit Margin	56.22	59.08	60.73	57.82	55.96	47.99	58.73	56.39	56.69	55.07
Net Profit Margin	31.06	40.22	35.74	34.72	34.88	29.77	34.67	31.66	35.99	34.09

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

60.30%

Implied Growth Rate over a 5 year period*

22.50%

Implied Growth Rate over a 10 year period*

10.50%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Rhapson method.

Learn how to use Reverse DCF

FAQs on The Phoenix Mills Ltd. Financials

How strong is Phoenix Mills balance sheet?

Balance sheet of Phoenix Mills is strong.
It shouldn't have solvency or liquidity issues.

Is the debt of Phoenix Mills increasing or decreasing?

Yes, The net debt of Phoenix Mills is increasing.
Latest net debt of Phoenix Mills is ₹4,151 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹3,193 Crs.

Is the profitablity of Phoenix Mills improving?

The profit is oscillating.
The profit of Phoenix Mills is ₹1,302 Crs for TTM, ₹1,099 Crs for Mar 2024 and ₹1,335 Crs for Mar 2023.

Does Phoenix Mills pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Phoenix Mills latest dividend payout ratio is 8.13% and 3yr average dividend payout ratio is 10.96%

How has Phoenix Mills allocated its funds?

Companies resources are majorly tied in miscellaneous assets

View FAQ's On Shareholding

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The Phoenix Mills Ltd.

The Phoenix Mills Ltd.

Has the share price of Phoenix Mills grown faster than its competition?

Is Phoenix Mills stock expensive?

How strong is Phoenix Mills balance sheet?

Is the debt of Phoenix Mills increasing or decreasing?

Is the profitablity of Phoenix Mills improving?

Does Phoenix Mills pay decent dividends?

How has Phoenix Mills allocated its funds?

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