1. India Stocks

  2. •

    Finance

  3. •

    Real estate development
Phoenix Mills Ltd.

Phoenix Mills Ltd.

1,858.10
INR
-51.80
(-2.71%)
43.92EPS
57.14P/E
696.90BMarket Cap
Nov 04Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
47.33
54.3
55.57
56.19
50.38
61.56
60.07
30.63
40.64
72.84
108.96
104.04
120.69
122.83
Basic EPS, GAAP
4.43
1.22
4.28
5.49
7.92
13.74
10.91
1.75
6.66
37.38
30.72
27.53
34.23
34.1
Free Cash Flow per Basic Share
-38.21
18.1
3.69
40.32
0.42
-36.36
-0.11
8.35
-13.42
-13.15
13.62
-14.93
28.77
- -
Dividend per Share
1.28
1.28
2.41
0.27
1.44
1.57
1.81
0.01
0.49
1.21
2.5
2.5
2.5
- -
Book Value per Share
59.5
58.65
66.26
70.23
93.11
113.32
125.68
146.59
184.36
234.58
264.63
292.24
307.26
- -
Tangible Book Value per Share
59.41
57.85
59.82
59.43
80.92
101.13
115.65
137.64
175.78
217.24
247.21
275.63
291.49
- -
Basic Weighted Avg Shares
290
290
301
306
306
306
307
329
357
357
358
357
358
357
Sales/Revenue/Turnover
13,711
15,734
16,734
17,201
15,424
18,864
18,431
10,082
14,494
26,012
38,991
37,193
43,155
43,823
Operating Margin (%)
42.48
37.8
35.33
38.64
38.02
42.84
41.67
29.64
38.14
50.01
49.36
49.58
53.01
51.28
Depreciation Expense
1,055
1,681
1,773
1,953
1,983
2,042
2,076
2,094
1,859
2,278
2,702
3,265
3,603
3,646
Net Income, GAAP
1,285
354
1,289
1,679
2,424
4,210
3,347
576
2,374
13,350
10,992
9,842
12,238
12,167
Effective Tax Rate (%)
33.02
36.34
48.34
31.1
26.37
19.22
25.54
- -
24.41
11.9
19.27
18.4
23.38
22.01
Profit Margin (%)
9.37
2.25
7.7
9.76
15.71
22.32
18.16
5.72
16.38
51.32
28.19
26.46
28.36
27.76
Working Capital
5,233
5,592
8,325
2,824
-2,933
639
-1,966
79
17,762
8,142
11,902
3,284
6,947
- -
LT Debt
28,328
28,010
33,801
31,066
31,972
34,319
34,053
30,722
31,407
33,102
38,341
38,646
47,233
- -
Total Equity
24,453
23,679
25,062
24,297
33,180
46,974
49,235
61,401
90,113
110,761
123,874
138,527
143,049
- -
Return on Invested Capital (%)
7.69
5.56
4.93
7.3
6.55
8.58
6.3
- -
3.6
8.37
9.5
8.51
9.05
- -
Return on Capital (%)
5.81
3.97
6.42
6.84
7.23
7.85
5.91
- -
3.69
10.54
7.32
5.57
6.22
- -
Return on Common Equity (%)
7.36
2.07
6.92
8.04
9.69
13.31
9.13
1.3
4.08
17.84
12.32
9.89
11.42
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
5,997
- -
LT Borrowings
- -
47,044
- -
LT Finance Leases
- -
189
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
358
358
358
Market Capitalization
662,808
538,705
696,898

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
31,234
- -
Cash, Cash Equivalents & STI
- -
17,719
- -
Accounts Receivable, Net
- -
3,168
- -
Inventories
- -
7,764
- -
Total Current Liabilities
- -
24,287
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
5,997
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20.12%
19.32%
3.26%
Free Cash Flow
-1,764.31%
-196.42%
-292.78%
Net Income, GAAP
81.55%
154.1%
24.34%
Sales/Revenue/Turnover
15.17%
36.91%
16.03%
Total Cash Common Dividend
736.51%
1,419.09%
-0.12%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
9,041
9,180
9,751
10,163
37,193
2026
9,530
- -
11,212
12,332
43,155
2027
10,749
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
6.51
6.1
7.41
7.6
27.53
2026
6.73
- -
7.71
11.39
34.23
2027
8.3
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
2.5
2026
- -
- -
- -
- -
2.5
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Shishir Shrivastava
Full Time Employees
2,073
Sector
Finance
Industry
Real estate development
Address
R. R. Hosiery Building Mumbai MH India 400011
IPO Date
Apr 23, 2007
Website
thephoenixmills.com
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Business
The Phoenix Mills Limited (PHOENIXLTD.NS), founded in 1905 and headquartered in Mumbai, India, operates as India's leading owner, developer, and operator of retail-led mixed-use destinations, encompassing retail malls, commercial offices, hospitality assets, and residential developments across key cities including Mumbai, Bengaluru, Pune, Chennai, Lucknow, Indore, Ahmedabad, Agra, Bareilly, Surat, Coimbatore, and Thane. The company delivers premium retail spaces such as flagship Phoenix MarketCity malls in Pune, Bengaluru (Whitefield), Mumbai (Kurla), and Chennai (Velachery); luxury Palladium-branded malls in Mumbai and Ahmedabad; city-center destinations like Phoenix Palassio (Lucknow), Phoenix Citadel (Indore), Phoenix Mall of the Millennium (Pune Wakad), and Phoenix Mall of Asia (Bengaluru Hebbal); and High Street Phoenix in Mumbai, featuring over 300 national and international brands including Nike, H&M, Zara, Adidas, Puma, Sephora, Lifestyle, Westside, Pantaloons, Central, and Shoppers Stop, alongside entertainment zones, multiplexes, food and beverage outlets, and bowling arcades. Its operations span property and related services (mall leasing, office spaces, and property development); hospitality (hotels like Palladium Hotel Mumbai, Courtyard by Marriott Agra, and upcoming Grand Hyatt Bengaluru); and residential sales; with a portfolio exceeding 11.5 million square feet of retail GLA as of 2025, supported by full-cycle real estate activities from planning and construction to marketing, management, and maintenance. Recent developments include the July 2025 announcement to acquire CPP Investments' 49% stake in Island Star Mall Developers Private Limited (ISMDPL) for over Rs 54.49 billion, securing 100% ownership of a high-quality portfolio with over 5.2 million sq ft of planned retail, 4 million sq ft of office space, and 1,000 hotel keys across Bengaluru, Pune, and Indore, approved by the Competition Commission of India in August 2025; September 2025 elevation of Shishir Shrivastava to Non-executive Vice Chairman; declaration as highest bidder via subsidiary Casper Realty for two prime Mohali plots worth Rs 891 crore in September 2024; land acquisition in Coimbatore in August 2024; and openings of Phoenix Mall of the Millennium (2023) and Phoenix Mall of Asia (2023), alongside prior expansions like Phoenix Citadel Indore (2022) and Palladium Ahmedabad (2022).