Phoenix Mills

₹2863 38.9 | 1.4%

WEBSITE BSE:503100 NSE : PHOENIX MILL 10 May, 16:01

Market Cap ₹51162 Cr.

Stock P/E 49.8

P/B 5.6

Current Price ₹2863

Book Value ₹ 513.4

Face Value 2

52W High ₹3266.2

Dividend Yield 0.17%

52W Low ₹ 1391

Edit Ratio

Phoenix Mills Research see more...

Overview Inc. Year: 1905Industry: Construction - Real Estate

The Phoenix Mills Ltd is an India-based real estate development corporation. The Company is engaged in the improvement and leasing of industrial and retail space. It operates in two segments: Property and associated offerings and Hospitality. The Property and associated offerings section are engaged in supplying mall /workplace areas on license foundation and development of commercial / residential houses. The Hospitality segment is engaged inside the operation of inns and restaurants. Its retail tasks encompass Phoenix Palladium, Mumbai; Phoenix Marketcity, Pune; Phoenix Mall of the Millennium, Pune and Palladium, Chennai. Its business projects consist of Art Guild House, Mumbai; The Centrium, Mumbai; Fountainhead Tower 1, Pune; Fountainhead Tower 2, Pune; Fountainhead Tower 3, Pune and Phoenix House, Mumbai. Its hospitality tasks encompass The St. Regis, Mumbai and Courtyard by Marriott, Agra. Its residential tasks consist of One Bangalore West and Kessaku, Bangalore.

Phoenix Mills Share Price

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Peer Comparison

Phoenix Mills Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	364	425	495	574	651	684	729	811	875	986
Other Income	16	22	24	23	32	35	26	29	32	34
Total Income	380	447	520	598	683	719	755	840	907	1020
Total Expenditure	177	195	254	251	270	299	298	318	369	434
Operating Profit	202	252	265	346	413	419	456	521	538	586
Interest	75	69	78	74	83	87	97	96	96	104
Depreciation	48	46	44	50	56	57	65	63	66	66
Exceptional Income / Expenses	0	0	0	557	0	0	48	0	0	0
Profit Before Tax	79	138	143	779	274	276	343	363	375	416
Provision for Tax	16	36	26	34	52	63	50	73	71	72
Profit After Tax	63	102	117	745	222	212	293	290	304	344
Adjustments	-5	-3	-13	-26	-36	-36	-39	-49	-51	-65
Profit After Adjustments	58	99	105	719	186	176	254	241	253	279
Adjusted Earnings Per Share	3.4	5.7	5.9	40.3	10.4	9.9	14.2	13.5	14.1	15.6

Phoenix Mills Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	470	1449	1653	1780	1825	1620	1982	1941	1045	1483	2638	3401
Other Income	52	39	31	31	47	56	85	59	92	74	116	121
Total Income	522	1488	1685	1810	1872	1675	2067	2000	1137	1558	2755	3522
Total Expenditure	207	770	891	992	977	841	988	974	551	749	1119	1419
Operating Profit	315	718	794	818	895	834	1079	1026	587	809	1636	2101
Interest	143	345	396	443	424	349	351	348	348	295	342	393
Depreciation	47	105	168	177	195	198	204	208	209	186	228	260
Exceptional Income / Expenses	-1	8	-94	-39	0	0	48	8	0	0	605	48
Profit Before Tax	124	275	136	159	276	287	572	478	29	328	1671	1497
Provision for Tax	43	91	49	77	86	76	110	122	-5	80	199	266
Profit After Tax	81	184	86	82	190	212	462	356	34	248	1473	1231
Adjustments	3	-56	-51	47	-22	31	-41	-21	24	-11	-138	-204
Profit After Adjustments	84	128	35	129	168	242	421	335	58	237	1335	1027
Adjusted Earnings Per Share	5.8	8.9	2.4	8.4	11	15.8	27.5	21.8	3.4	13.3	74.7	57.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	78%	11%	10%	19%
Operating Profit CAGR	102%	17%	14%	18%
PAT CAGR	494%	61%	47%	34%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	95%	57%	38%	28%
ROE Average	20%	8%	10%	8%
ROCE Average	17%	9%	10%	11%

Phoenix Mills Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	1769	1724	1674	2027	2150	2852	3474	3708	5039	6582	8380
Minority's Interest	425	722	621	479	280	466	1223	1279	1101	2429	2696
Borrowings	1674	2833	2819	3380	3107	3197	3432	3405	3072	3141	3310
Other Non-Current Liabilities	108	203	218	212	222	104	46	155	48	16	461
Total Current Liabilities	987	1193	1205	1216	1125	1738	1802	1939	2007	2041	2579
Total Liabilities	4963	6674	6537	7314	6884	8358	9977	10486	11268	14209	17426
Fixed Assets	2784	4170	4130	4548	4501	5668	6522	6453	1622	1546	2429
Other Non-Current Assets	887	789	681	718	976	1245	1603	2292	7630	8845	11531
Total Current Assets	1292	1716	1723	2049	1407	1445	1852	1742	2015	3818	3466
Total Assets	4963	6674	6537	7314	6884	8358	9977	10486	11268	14209	17426

Phoenix Mills Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	121	68	85	57	107	64	31	40	129	133	300
Cash Flow from Operating Activities	24	377	564	497	1419	1514	350	739	432	781	1356
Cash Flow from Investing Activities	-481	-1263	-102	-389	-354	-1825	-1394	-362	-950	-2841	-1536
Cash Flow from Financing Activities	399	886	-455	-71	-1108	277	1053	-287	522	2228	137
Net Cash Inflow / Outflow	-58	-1	7	38	-43	-33	9	90	3	167	-43
Closing Cash & Cash Equivalent	73	85	92	107	64	31	40	129	133	300	265

Phoenix Mills Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	5.81	8.87	2.44	8.43	10.97	15.83	27.47	21.81	3.35	13.3	74.74
CEPS(Rs)	8.89	20.02	17.55	16.95	25.17	26.76	43.44	36.72	14.16	24.3	95.2
DPS(Rs)	2.2	2.2	2.2	2.2	2.4	2.6	3	0	1	2.4	5
Book NAV/Share(Rs)	121.38	118.29	114.64	132.49	140.24	185.61	225.74	240.58	292.11	367.57	467.81
Core EBITDA Margin(%)	56.05	46.85	46.1	44.23	46.46	48.07	50.14	49.83	47.31	49.49	57.59
EBIT Margin(%)	56.9	42.85	32.16	33.82	38.35	39.27	46.56	42.56	36.1	41.98	76.31
Pre Tax Margin(%)	26.4	19.01	8.21	8.92	15.11	17.74	28.84	24.62	2.8	22.11	63.35
PAT Margin (%)	17.31	12.73	5.23	4.61	10.41	13.06	23.3	18.33	3.24	16.72	55.81
Cash Profit Margin (%)	27.4	20.01	15.39	14.57	21.12	25.3	33.61	29.03	23.29	29.24	64.45
ROA(%)	1.8	3.17	1.31	1.18	2.68	2.78	5.04	3.48	0.31	1.95	9.31
ROE(%)	4.7	10.63	5.12	4.44	9.11	8.48	14.65	9.95	0.78	4.28	19.74
ROCE(%)	7.3	13.68	10.44	10.96	11.97	10.35	12.96	10.5	4.41	6.33	17.35
Receivable days	56.85	35.46	45.92	51.05	42.57	31.11	29.9	37.35	91.76	74.26	35.84
Inventory Days	399.48	241.73	256.09	256.62	226.99	181.05	143.69	161.22	276.68	186.74	135.68
Payable days	-7108.52	122.46	167.76	144.85	169.24	300.45	214.4	239.09	483.86	398.47	353.51
PER(x)	46	27.84	143.8	35.6	34.38	37.48	24.13	26.23	233.28	82.68	17.41
Price/Book(x)	2.2	2.09	3.07	2.26	2.69	3.2	2.94	2.38	2.68	2.99	2.78
Dividend Yield(%)	0.82	0.89	0.63	0.73	0.64	0.44	0.45	0	0.13	0.22	0.38
EV/Net Sales(x)	12.76	4.76	5.08	4.67	5.11	7.85	7.17	6.67	16.26	15.51	10.18
EV/Core EBITDA(x)	19.02	9.61	10.59	10.17	10.41	15.23	13.17	12.62	28.97	28.46	16.42
Net Sales Growth(%)	19.11	208.26	14.14	7.63	2.53	-11.22	22.33	-2.04	-46.17	41.96	77.85
EBIT Growth(%)	33.8	132.15	-14.34	13.21	16.24	-9.09	45.05	-10.46	-54.34	65.11	223.24
PAT Growth(%)	-5.87	126.8	-53.16	-5.12	131.8	11.36	118.19	-22.92	-90.47	631.43	493.78
EPS Growth(%)	-20.33	52.65	-72.44	244.81	30.18	44.26	73.54	-20.58	-84.63	296.51	462.15
Debt/Equity(x)	1.25	1.99	2.05	1.92	1.69	1.29	1.23	1.17	0.81	0.61	0.51
Current Ratio(x)	1.31	1.44	1.43	1.68	1.25	0.83	1.03	0.9	1	1.87	1.34
Quick Ratio(x)	0.52	0.48	0.45	0.6	0.41	0.45	0.53	0.48	0.62	1.5	0.87
Interest Cover(x)	1.87	1.8	1.34	1.36	1.65	1.82	2.63	2.37	1.08	2.11	5.89
Total Debt/Mcap(x)	0.57	0.95	0.67	0.85	0.63	0.4	0.42	0.49	0.3	0.2	0.18

Phoenix Mills Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	45.43	47.33	47.32	47.31	47.31	47.3	47.3	47.29	47.29	47.28
FII	31.6	30.69	31.6	30.6	29.27	30.37	28.55	30.01	30.8	32.82
DII	18.62	17.46	16.68	17.62	19.02	18.06	19.93	18.52	17.71	15.79
Public	4.35	4.52	4.4	4.47	4.4	4.27	4.22	4.18	4.21	4.11
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	7.82	8.45	8.45	8.45	8.45	8.45	8.45	8.45	8.45	8.45
FII	5.44	5.48	5.64	5.46	5.23	5.42	5.1	5.36	5.5	5.86
DII	3.21	3.12	2.98	3.15	3.4	3.22	3.56	3.31	3.16	2.82
Public	0.75	0.81	0.79	0.8	0.79	0.76	0.75	0.75	0.75	0.73
Others	0	0	0	0	0	0	0	0	0	0
Total	17.22	17.85	17.85	17.86	17.86	17.86	17.86	17.87	17.87	17.87

Pros

Company has delivered good profit growth of 47% CAGR over last 5 years
Debtor days have improved from 398.47 to 353.51days.

Cons

Promoter holding is low: 47.28%.
Company has a low return on equity of 8% over the last 3 years.
Stock is trading at 5.6 times its book value.

* 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.

Phoenix Mills News

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Phoenix Mills

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Phoenix Mills Research see more...

Overview Inc. Year: 1905Industry: Construction - Real Estate

Phoenix Mills Share Price

Alert Data

Quarterly Price

Peer Comparison

Phoenix Mills Quarterly Results

Phoenix Mills Profit & Loss

Growth Rates

Phoenix Mills Balance Sheet

Phoenix Mills Cash Flow

Phoenix Mills Ratios

Phoenix Mills Shareholding Pattern

Phoenix Mills News

IPO

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