Phoenix Mills Ltd

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

Phoenix Mills Ltd

₹ 3,632 1.47%
03 Jul 1:51 p.m.
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 ₹ 64,905 Cr.
  • Current Price ₹ 3,632
  • High / Low ₹ 3,960 / 1,552
  • Stock P/E 59.0
  • Book Value ₹ 529
  • Dividend Yield 0.14 %
  • ROCE 12.6 %
  • ROE 12.3 %
  • Face Value ₹ 2.00
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 23.8% CAGR over last 5 years
  • Debtor days have improved from 42.7 to 24.8 days.

Cons

  • Stock is trading at 6.89 times its book value
  • Company has a low return on equity of 9.88% over last 3 years.
  • Working capital days have increased from 65.2 days to 114 days

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
386 204 364 425 495 574 651 684 729 811 875 986 1,306
212 128 177 195 254 251 270 299 298 318 369 434 679
Operating Profit 173 76 186 230 241 323 381 384 431 492 506 552 627
OPM % 45% 37% 51% 54% 49% 56% 58% 56% 59% 61% 58% 56% 48%
50 12 16 22 24 580 32 35 74 29 32 34 37
Interest 81 72 75 69 78 74 83 87 97 96 96 104 100
Depreciation 52 48 48 46 44 50 56 57 65 63 66 66 76
Profit before tax 90 -32 79 138 143 779 274 276 343 363 375 416 489
Tax % 29% -8% 20% 26% 18% 4% 19% 23% 14% 20% 19% 17% 20%
72 -33 65 114 122 752 222 211 292 291 305 345 392
EPS in Rs 3.81 -1.52 3.37 5.74 5.87 40.25 10.41 9.88 14.23 13.46 14.14 15.64 18.28
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
466 1,441 1,639 1,769 1,817 1,614 1,977 1,936 1,040 1,460 2,616 3,978
202 762 877 978 961 830 975 963 539 725 1,096 1,801
Operating Profit 263 679 762 790 856 784 1,001 973 501 735 1,520 2,177
OPM % 57% 47% 47% 45% 47% 49% 51% 50% 48% 50% 58% 55%
51 47 -63 -11 39 50 125 60 86 74 721 132
Interest 143 345 396 443 424 349 351 348 348 295 342 396
Depreciation 47 105 168 177 195 198 204 208 209 186 228 270
Profit before tax 124 275 136 159 276 287 572 478 29 328 1,671 1,643
Tax % 34% 33% 36% 48% 31% 26% 19% 26% -16% 24% 12% 19%
82 182 91 84 191 256 497 388 48 268 1,478 1,333
EPS in Rs 5.81 8.87 2.44 8.43 10.97 15.83 27.47 21.81 3.35 13.30 74.74 61.51
Dividend Payout % 38% 25% 90% 26% 22% 16% 11% -0% 31% 18% 7% 8%
Compounded Sales Growth
10 Years: 11%
5 Years: 15%
3 Years: 56%
TTM: 52%
Compounded Profit Growth
10 Years: 25%
5 Years: 24%
3 Years: 180%
TTM: 28%
Stock Price CAGR
10 Years: 26%
5 Years: 41%
3 Years: 63%
1 Year: 126%
Return on Equity
10 Years: 8%
5 Years: 9%
3 Years: 10%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 29 29 29 31 31 31 31 31 36 36 36 36
Reserves 1,740 1,695 1,645 1,997 2,119 2,821 3,443 3,678 5,003 6,547 8,344 9,422
2,196 3,406 3,402 3,889 3,626 3,666 4,244 4,308 4,063 3,982 4,259 4,639
1,046 1,630 1,565 1,507 1,233 1,979 2,398 2,528 2,288 3,765 4,787 5,186
Total Liabilities 5,011 6,760 6,641 7,424 7,008 8,497 10,116 10,545 11,389 14,330 17,426 19,283
2,784 4,170 4,130 4,548 4,500 5,668 6,522 6,453 7,207 7,508 10,964 13,137
CWIP 167 235 214 195 328 503 896 1,534 1,274 2,049 2,295 1,503
Investments 555 354 200 161 410 829 745 590 576 2,317 1,282 1,725
1,505 2,001 2,097 2,520 1,770 1,498 1,952 1,968 2,333 2,456 2,884 2,917
Total Assets 5,011 6,760 6,641 7,424 7,008 8,497 10,116 10,545 11,389 14,330 17,426 19,283

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
24 377 564 497 1,419 1,514 350 739 432 781 1,356 2,162
-470 -1,246 -102 -377 -354 -1,825 -1,394 -362 -950 -2,841 -1,528 -1,859
399 886 -455 -71 -1,108 277 1,053 -287 522 2,228 137 -299
Net Cash Flow -47 17 7 50 -43 -33 9 90 3 167 -35 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 66 50 49 57 30 29 36 38 114 70 33 25
Inventory Days 547
Days Payable 144
Cash Conversion Cycle 66 50 49 57 30 29 36 38 114 70 33 429
Working Capital Days 148 142 141 184 90 -93 25 34 135 50 32 114
ROCE % 6% 12% 11% 11% 11% 10% 11% 9% 4% 5% 10%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
45.50% 45.48% 45.43% 47.33% 47.32% 47.31% 47.31% 47.30% 47.29% 47.29% 47.28% 47.28%
34.43% 32.29% 31.60% 30.69% 31.60% 30.60% 29.27% 30.38% 28.56% 30.01% 30.80% 32.82%
16.21% 18.04% 18.61% 17.46% 16.68% 17.61% 19.02% 18.05% 19.93% 18.51% 17.70% 15.79%
3.85% 4.19% 4.35% 4.52% 4.40% 4.48% 4.40% 4.26% 4.22% 4.18% 4.22% 4.12%
No. of Shareholders 26,83433,11636,12939,28439,90642,82858,41460,95563,02469,52368,84776,902

* 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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