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Phoenix Mills Ltd

PHOENIXLTD

Phoenix Mills Ltd

PHOENIXLTD
Real EstateReal Estate
MidcapWith a market cap of ₹66,625 cr, stock is ranked 150
High RiskStock is 3.04x as volatile as Nifty
1,845.851.19% (-22.25)
1,845.851.19% (-22.25)

Price Chart

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Max
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Real EstateReal Estate
MidcapWith a market cap of ₹66,625 cr, stock is ranked 150
High RiskStock is 3.04x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

High

Strong financials and growth story over the years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Real EstateReal Estate
MidcapWith a market cap of ₹66,625 cr, stock is ranked 150
High RiskStock is 3.04x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
63.055.380.13%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
67.424.540.66%

Forecast & Ratings

Detailed Forecast 
56%
Analysts have suggested that investors can buy this stock

from 16 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

The Phoenix Mills Limited is a realty company.The Company's portfolio includes over four types of developments, such as Retail, Commercial, Residential and Hospitality, at Mumbai, Pune, Bengaluru, Chennai, Lucknow, Bareilly and Agra.

Investor Presentation

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Nov 14, 2024

PDF
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 14.21%, vs industry avg of 3.76%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 3.14% to 4.52%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 21.16%, vs industry avg of 14.36%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue1,809.751,871.781,675.472,114.792,007.411,137.301,557.923,359.854,109.874,261.08
Raw Materialssubtract0.000.000.000.000.000.000.000.000.001,887.43
Power & Fuel Costsubtract198.25202.73181.84170.94163.3963.2675.41129.19173.30
Employee Costsubtract124.42140.26147.27161.50165.53112.53156.93232.47298.95
Selling & Administrative Expensessubtract245.94265.67267.35291.98300.44192.52263.09350.67483.59
Operating & Other expensessubtract461.96368.14244.68363.52344.33182.34253.82407.08845.03
Depreciation/Amortizationsubtract177.28195.31198.28204.23207.62209.44185.85227.81270.20296.35
Interest & Other Itemssubtract443.24423.90348.65351.05348.12347.98294.77341.18395.87409.95
Taxes & Other Itemssubtract29.73107.8445.04150.55143.24-28.4190.69336.48543.71610.65
EPS4.335.497.9113.7410.911.776.7737.3830.7629.57
DPS1.101.201.301.500.000.501.202.502.502.50
Payout ratio0.250.220.160.110.000.280.180.070.080.08

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2023

Annual report

PDF

Investor Presentation

May 24PDF
Feb 20PDF
Feb 9PDF
+2 more
FY 2024

Annual report

PDF

Investor Presentation

Aug 16PDF
Aug 8PDF
FY 2025

Annual Report Pending

Investor Presentation

Nov 14PDF
Oct 29PDF
Oct 25PDF
 

Peers & Comparison

Comparing 3 stocks from 
Real EstateReal Estate

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Phoenix Mills Ltd60.615.380.13%
DLF Ltd78.825.450.58%
Macrotech Developers Ltd90.187.960.16%
Godrej Properties Ltd120.408.48—

Price Comparison

Compare PHOENIXLTD with any stock or ETF
Compare PHOENIXLTD with any stock or ETF
PHOENIXLTD
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding47.27%12.09%1.09%35.50%4.06%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep28.55%30.01%30.80%32.82%35.41%35.50%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Phoenix Mills Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Axis Midcap Fund - Growth - Direct Plan

Growth
0.8536%1.88%-0.25%57/110 (-1)
DSP Midcap Fund - Growth - Direct Plan

Growth
0.7612%2.64%-0.05%10/62 (-1)
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI MAGNUM MIDCAP FUND DIRECT PL GROWTH

Growth
0.4972%1.54%-0.21%14/82 (-2)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Phoenix Mills Ltd

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateAug 20, 2024

Final
Final | Div/Share: ₹5.00

Dividend/Share

₹5.00

Ex DateEx Date

Aug 20, 2024

Cash Dividend

Ex DateEx DateSep 15, 2023

Final
Final | Div/Share: ₹5.00

Dividend/Share

₹5.00

Ex DateEx Date

Sep 15, 2023

Cash Dividend

Ex DateEx DateSep 12, 2022

Final
Final | Div/Share: ₹2.40

Dividend/Share

₹2.40

Ex DateEx Date

Sep 12, 2022

Cash Dividend

Ex DateEx DateSep 16, 2021

Final
Final | Div/Share: ₹1.00

Dividend/Share

₹1.00

Ex DateEx Date

Sep 16, 2021

Cash Dividend

Ex DateEx DateSep 17, 2019

Final
Final | Div/Share: ₹3.00

Dividend/Share

₹3.00

Ex DateEx Date

Sep 17, 2019

News & Opinions
Spotlight
Phoenix Mills Ltd Slips 1.34%

Phoenix Mills Ltd fell 1.34% today to trade at Rs 1779.35. The BSE Realty index is down 0.27% to quote at 8368.16. The index is up 5.91 % over last one month. Among the other constituents of the index, Godrej Properties Ltd decreased 0.48% and Sunteck Realty Ltd lost 0.46% on the day. The BSE Realty index went up 43.91 % over last one year compared to the 17.63% surge in benchmark SENSEX. Phoenix Mills Ltd has added 17.63% over last one month compared to 5.91% gain in BSE Realty index and 1.74% rise in the SENSEX. On the BSE, 378 shares were traded in the counter so far compared with average daily volumes of 10927 shares in the past one month. The stock hit a record high of Rs 2068.15 on 18 Jul 2024. The stock hit a 52-week low of Rs 1071.93 on 21 Dec 2023.Powered by Capital Market - Live

6 days agoCapital Market - Live
Earnings
Phoenix Mills consolidated net profit declines 13.66% in the September 2024 quarter

Net profit of Phoenix Mills declined 13.66% to Rs 218.10 crore in the quarter ended September 2024 as against Rs 252.62 crore during the previous quarter ended September 2023. Sales rose 4.91% to Rs 917.97 crore in the quarter ended September 2024 as against Rs 875.02 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales917.97875.02 5 OPM %56.3957.82 - PBDT451.68441.11 2 PBT374.15375.19 0 NP218.10252.62 -14 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Phoenix Mills to announce Quarterly Result

Phoenix Mills will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
The Phoenix Mills jumps as total consumption climbs 25% YoY in Q2 FY25

Gross retail collections jumped 27% YoY to around Rs 812 crore in the quarter ended 30 September 2024. On half yearly basis, the company's total consumption increased 25% YoY approximately to Rs 6,506 crore, consumption growth was driven by strong performance in Phoenix Palassio and Phoenix MarketCity Mumbai, supported by ramp up in the newly launched malls. Gross retail collections stood at around Rs 1,610 crore, up 29% YoY in H1 FY25. The Phoenix Mills is India's largest retail led mixed-use developer. Its operations span across most aspects of real estate development; planning, execution, marketing, management, maintenance & sales. The group has real estate assets in Mumbai, Bengaluru, Chennai, Pune, Raipur, Agra, Indore, Lucknow, Bareilly & Ahmedabad. The company reported 3.3% decline in consolidated net profit to Rs 232.54 crore on 11.5% increase in net sales to Rs 904.14 crore in Q1 FY25 over Q1 FY24.Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
Stock Alert: Phoenix Mills, Signature Global, Infosys, Dr reddys Lab, IRFC

Securities in F&O ban: SAIL, Bandhan Bank, Birlasoft, Gujarat Narmada Valley Fertillisers & Chemicals (GNFC), Granules India, Hindustan Copper, IDFC First Bank, Manappuram Finance, Punjab National Bank, RBL Bank Upcoming results Western Carriers, GTPL Hathway, Kretto Syscon, Lotus Chocolate, Rhetan TMT, and Vivid Mercantile will release their quarterly earnings scorecard on October 9. Stocks to watch: Phoenix Mills recorded retailer consumption of Rs 3,289 crore in the quarter ended September 2024, marking a growth of 25% growth compared to the year-age a period. Gross retail collections stood at Rs 812 crore in Q2 FY25, representing a 27% YoY increase. The weighted average trading occupancy across these malls was 92% while the weighted average leased occupancy across these malls stood at 96% in September 2024. Signature Global reported a 184% YoY growth in pre-sales, amounting Rs 2,780 crore. However, pre sales declined by 11% sequentially in Q2 FY25. The company sold 2.38 million square feet in Q2 FY25, up 143% YoY and 27% QoQ. Collections during the September 2024 quarter jumped 28% YoY to Rs 920 crore, Infosys announced collaboration with Nasdaq-listed Old National Bank for strategic expansion. Old National will leverage Infosys' services, solutions, and platforms for operations transformation and process digitization powered by automation and generative AI (GenAI). Dr Reddys Laboratories' subsidiary , Augriene Oncology has announced phase 1 results for ibrecabtagene autoleucel (DRL-1801) from the SWASTH study. The Drugs Controller General of India has approved the commencement of the Phase 2 part of the trial. The SWASTH study is India's first trial for a novel autologous BCMA-directed CAR-T cell therapy in patients with relapsed/refractory multiple myeloma. IRB Infrastructure Developers and IRB Infrastructure Trust reported a collective toll revenue growth of 19.2% YoY in September, generating Rs 501.8 crore compared to Rs 421 crore in the same month last year. Indian Railway Finance Corporation (IRFC) board has approved financing up to Rs 700 crore under finance lease for 20 BOBR rakes procured under the General-Purpose Wagon Investment Scheme (GPWIS) of the Ministry of Railways for NTPC. The Board also appointed Ajoy Choudhury as Chief Risk Officer for a fixed tenure of two years. PB Fintech said that The Insurance Regulatory and Development Authority of India (IRDAI) conducted an inspection of Policybazaar Insurance Web Aggregator (now Policybazaar Insurance Brokers, a wholly-owned subsidiary of PB Fintech) from June 1 to June 5, 2020. Following the inspection, the regulator issued a show-cause notice highlighting several observations about the subsidiary. Additionally, a Letter of Advice was issued for maintaining specific documentation, systems and processes, disclosures, and timely filing of certain returns. The notice is not expected to have any material financial impact on the company.Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
Phoenix Mills Ltd Slides 6.56%, BSE Realty index Drops 1.43%

Phoenix Mills Ltd lost 6.56% today to trade at Rs 1761.1. The BSE Realty index is down 1.43% to quote at 8624.81. The index is up 4.75 % over last one month. Among the other constituents of the index, Macrotech Developers Ltd decreased 1.84% and Prestige Estates Projects Ltd lost 1.44% on the day. The BSE Realty index went up 87.25 % over last one year compared to the 29.42% surge in benchmark SENSEX. Phoenix Mills Ltd has lost 6.68% over last one month compared to 4.75% gain in BSE Realty index and 3.44% rise in the SENSEX. On the BSE, 5625 shares were traded in the counter so far compared with average daily volumes of 13320 shares in the past one month. The stock hit a record high of Rs 2068.15 on 18 Jul 2024. The stock hit a 52-week low of Rs 862.5 on 26 Oct 2023.Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
Phoenix Mills Ltd Falls 3.38%

Phoenix Mills Ltd lost 3.38% today to trade at Rs 1752.7. The BSE Realty index is down 0.98% to quote at 8752.14. The index is up 8.16 % over last one month. Among the other constituents of the index, Prestige Estates Projects Ltd decreased 2.03% and Macrotech Developers Ltd lost 1.24% on the day. The BSE Realty index went up 91.74 % over last one year compared to the 31.07% surge in benchmark SENSEX. Phoenix Mills Ltd has lost 4.68% over last one month compared to 8.16% gain in BSE Realty index and 4.98% rise in the SENSEX. On the BSE, 1475 shares were traded in the counter so far compared with average daily volumes of 10385 shares in the past one month. The stock hit a record high of Rs 2068.15 on 18 Jul 2024. The stock hit a 52-week low of Rs 862.5 on 26 Oct 2023.Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
The Phoenix Mills arm declares highest bidder for prime plots in Punjab

The Phoenix Mills (PML) said that its wholly owned subsidiary, Casper Realty, has been declared the highest bidder for two prime city-centric plots in Mohali, Punjab. The said plot measuring approximately 13.14 acres in total and it is located in Sector 62, near YPS Chowk in Sahibzada Ajit Singh Nagar (Mohali). They were auctioned by the Greater Mohali Development Authority (GMADA). Casper was declared as the highest bidder, with a combined bid value of approximately Rs 891 crore. The payment shall be completed within the timelines stipulated by GMADA. Both plots are classified for commercial use and the company intends to develop an iconic retail-led, mixed-use development on this land parcel. Shishir Shrivastava, managing director at The Phoenix Mills, said, 'We are pleased to announce that we have been declared as the highest bidders for the acquisition of two land plots in Mohali, Punjab. We intend to develop an iconic retail-led mixed-use destination on this land parcel which will include retail, cinemas, world-class F planning, execution, marketing, management, maintenance & sales. The group has real estate assets in Mumbai, Bengaluru, Chennai, Pune, Raipur, Agra, Indore, Lucknow, Bareilly & Ahmedabad. The company reported 3.3% decline in consolidated net profit to Rs 232.54 crore on 11.5% increase in net sales to Rs 904.14 crore in Q1 FY25 over Q1 FY24.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Phoenix Mills arm successfully bids for two prime city-centric plots in Mohali, Punjab

Phoenix Mills announced today that Casper Realty (Casper), a wholly owned subsidiary of PML, has been declared as the highest bidder for two prime city-centric plots in Mohali, Punjab. These plots - cumulatively admeasuring ~13.14 acres and located in Sector 62, YPS Chowk, Sahibzada Ajit Singh Nagar (Mohali) - were auctioned by Greater Mohali Development Area Authority (GMADA). Casper was declared as the highest bidder, with a combined bid value of approximately Rs. 891 crores. The payment shall be completed within the timelines stipulated by GMADA. Both plots are classified for commercial use and the Company intends to develop an iconic retail-led, mixed-use development on this land parcel. With excellent connectivity, this land parcel, situated at YPS Chowk'between Chandigarh and Sahibzada Ajit Singh Nagar (Mohali), is well-positioned to capitalize on the growing demand for retail and entertainment spaces in the Chandigarh Metropolitan Region (CMR). CMR encompasses the union territory of Chandigarh and its neighbouring cities, including Panchkula, Mohali, Zirakpur, New Chandigarh, Kharar, Pinjore, Kalka, and Barwala. Strategically located at the crossroads of Punjab, Haryana, and Delhi, the CMR region has emerged as a prime destination for real estate development. Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
The Phoenix Mills spurts as board OKs 1:1 bonus issue

The record date for bonus issue has been fixed as 21 September 2024. Additionally, the company will increase in authorised share capital from Rs 49 crore to Rs 75 crore. The Phoenix Mills is India's largest retail led mixed-use developer. Its operations span across most aspects of real estate development; planning, execution, marketing, management, maintenance & sales. The group has real estate assets in Mumbai, Bengaluru, Chennai, Pune, Raipur, Agra, Indore, Lucknow, Bareilly & Ahmedabad. The company reported 3.3% decline in consolidated net profit to Rs 232.54 crore on 11.5% increase in net sales to Rs 904.14 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live

2 months agoCapital Market - Live