Phoenix Mills Ltd

Phoenix Mills Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Phoenix Mills Ltd

₹ 1,493 2.10%
12 Nov - close price
thephoenixmills.com BSE: 503100 NSE: PHOENIXLTD
About

Phoenix Mills Ltd is engaged in the operation & management of malls, construction of commercial & residential property and hotel business in India. India's leading retail mall developer and operator with approximately 0.64 million square meters of retail space spread across 9 malls in 6 gateway cities of India. It has developed over 2.11 million square meters

Key Points

Segment Wise Revenue in FY23[1]
Property & Related Services - 81%
Hospitality Services - 19%

Website BSE NSE
  • Market Cap ₹ 53,377 Cr.
  • Current Price ₹ 1,493
  • High / Low ₹ 2,068 / 1,055
  • Stock P/E 184
  • Book Value ₹ 146
  • Dividend Yield 0.17 %
  • ROCE 6.79 %
  • ROE 5.61 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 24.7%
  • Debtor days have improved from 32.5 to 18.4 days.

Cons

  • Stock is trading at 10.2 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 4.65% over last 3 years.
  • Earnings include an other income of Rs.168 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Realty Industry: Construction

Part of BSE 400 MidSmallCap Index BSE 500 BSE 250 LargeMidCap Index Nifty LargeMidcap 250 Nifty MidSmallcap 400

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
57 86 103 112 118 124 123 118 112 120 116 118 116
32 28 38 39 38 37 42 36 39 42 37 41 43
Operating Profit 26 58 65 74 80 86 80 82 73 77 79 77 72
OPM % 45% 67% 63% 66% 68% 70% 65% 70% 65% 65% 68% 65% 62%
15 38 26 40 6 8 58 6 93 5 5 53 105
Interest 16 15 18 15 18 17 16 16 16 16 16 17 18
Depreciation 7 7 7 7 8 8 7 8 8 8 11 8 9
Profit before tax 18 73 65 92 61 69 114 64 142 58 57 106 150
Tax % 15% 15% 12% 10% 15% 21% 12% 20% 11% 13% 8% 9% 11%
15 62 58 83 52 54 101 51 126 50 53 96 134
EPS in Rs 0.45 1.81 1.61 2.33 1.45 1.52 2.83 1.43 3.52 1.41 1.48 2.69 3.75
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
269 294 314 356 376 397 440 444 238 284 477 466 469
91 101 110 139 122 145 172 185 104 119 155 152 164
Operating Profit 179 193 203 217 254 252 269 259 134 164 321 313 305
OPM % 66% 66% 65% 61% 68% 64% 61% 58% 56% 58% 67% 67% 65%
57 80 12 93 20 53 63 41 288 323 111 107 168
Interest 27 44 71 69 81 75 78 76 63 64 66 65 67
Depreciation 28 25 31 29 30 40 44 46 42 29 31 35 36
Profit before tax 181 203 114 211 163 190 209 178 316 394 336 321 371
Tax % 26% 25% 46% 29% 18% 19% 17% 17% 8% 6% 14% 13%
134 153 62 150 134 155 173 148 292 370 290 280 333
EPS in Rs 4.62 5.27 2.13 4.89 4.36 5.05 5.65 4.81 8.50 10.36 8.13 7.84 9.33
Dividend Payout % 24% 21% 52% 22% 28% 26% 27% 0% 6% 12% 31% 32%
Compounded Sales Growth
10 Years: 5%
5 Years: 1%
3 Years: 25%
TTM: -2%
Compounded Profit Growth
10 Years: 7%
5 Years: 10%
3 Years: 61%
TTM: 0%
Stock Price CAGR
10 Years: 23%
5 Years: 33%
3 Years: 40%
1 Year: 42%
Return on Equity
10 Years: 5%
5 Years: 4%
3 Years: 5%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 29 29 29 31 31 31 31 31 34 36 36 36 72
Reserves 1,740 1,855 1,880 2,273 2,401 2,538 2,714 2,817 4,198 4,563 4,819 5,023 5,139
273 501 654 821 751 717 797 846 682 867 654 720 776
226 234 222 205 203 214 226 255 244 246 276 257 260
Total Liabilities 2,268 2,619 2,785 3,330 3,386 3,500 3,768 3,949 5,158 5,711 5,785 6,036 6,246
442 409 456 442 606 638 635 676 397 452 476 454 479
CWIP 109 123 136 150 143 107 107 115 11 95 198 371 432
Investments 939 1,111 1,232 1,661 2,283 2,367 2,614 2,710 2,890 4,473 4,548 4,683 4,675
778 976 962 1,076 354 388 413 448 1,860 692 563 528 660
Total Assets 2,268 2,619 2,785 3,330 3,386 3,500 3,768 3,949 5,158 5,711 5,785 6,036 6,246

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
159 145 116 155 187 256 234 254 110 378 295 230
-53 -281 -156 -408 -88 -114 -200 -185 -894 -436 -112 -171
-97 138 36 304 -163 -143 -33 -72 862 127 -304 -146
Net Cash Flow 9 2 -4 51 -64 -1 1 -3 78 68 -121 -88

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 40 31 26 25 19 17 18 16 66 54 25 18
Inventory Days
Days Payable
Cash Conversion Cycle 40 31 26 25 19 17 18 16 66 54 25 18
Working Capital Days 218 69 163 210 19 79 -53 -5 1,647 155 164 125
ROCE % 10% 11% 11% 10% 9% 8% 8% 7% 3% 4% 6% 7%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
45.43% 47.33% 47.32% 47.31% 47.31% 47.30% 47.29% 47.29% 47.28% 47.28% 47.27% 47.26%
31.60% 30.69% 31.60% 30.60% 29.27% 30.38% 28.56% 30.01% 30.80% 32.82% 35.41% 35.50%
18.61% 17.46% 16.68% 17.61% 19.02% 18.05% 19.93% 18.51% 17.70% 15.79% 13.33% 13.17%
4.35% 4.52% 4.40% 4.48% 4.40% 4.26% 4.22% 4.18% 4.22% 4.12% 3.98% 4.07%
No. of Shareholders 36,12939,28439,90642,82858,41460,95563,02469,52368,84776,90274,05187,748

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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