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NSE:PHOENIXLTD

THE PHOENIX MILLS LTD

Realty › Realty·NIFTY 200NIFTY 500NIFTY INDIA FPI 150NIFTY LARGEMIDCAP 250+10
₹1,900.00
at close · 28 Oct 2026
▼ 5.00 (-0.26%)

Latest filings

Next results: Fri, 30 Oct · Financial Results
  1. Tribunal approves Rs1,350 crore reduction in CPP stake in Phoenix mall unit · Corporate Actions
  2. Phoenix Mills schedules Q2 and H1 FY27 results and investor call · Board & Shareholder Meetings
  3. Phoenix Mills board meeting set for October 30 results · Results
All filings ↓
Ask Nexa about THE PHOENIX MILLS LTD

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates destination retail-led mixed-use campuses in India under the Phoenix MarketCity brand, combining shopping malls with Grade-A offices, hotels and residential apartments on the same sites. The property and related services segment, covering mall rentals and commercial offices, is the largest revenue line at Rs 3,232.54 crore or 72.5% of FY26 segment revenue, with segment EBIT of Rs 1,748.86 crore. Hospitality services, operating hotels under brands including St. Regis Mumbai and Courtyard by Marriott Agra, contributed Rs 728.77 crore or 16.3% of segment revenue, while the residential business, selling apartments within the same developments, generated Rs 496.04 crore or 11.1%. Major cost items are other operating expenses at 24.6% of revenue, capex at 31.6% reflecting the Rs 5,449 crore ISMDPL stake buyout that added 4.4 million sq. ft. of retail along with ongoing construction, and depreciation at 8.1%. Net debt to EBITDA stood at 1.19x at FY26 year-end even after the ISMDPL transaction and peak construction spend.

Revenue mix · reported segments
Property and related services72.5%
Hospitality services16.3%
Residential business11.1%
Operating scale
Retail consumption
Rs 16,587 crore (+21% YoY)FY26
Retail leasing activity
920 deals, 3.2 mn sq. ft. leased, 400+ new storesFY26
Office portfolio scale
4.8 mn sq. ft. across 4 cities, 70% occupancyFY26
Office gross leasing
2.2 mn sq. ft.FY26
Hotel RevPAR growth
+15% at St. Regis Mumbai, +23% at Courtyard by Marriott AgraQ1 FY27
Development pipeline
~18 mn sq. ft. retail GLA and 2,188 hotel keys targeted by 2030
Who pays it
Retail brand tenants across fashion, jewellery and electronics; corporate office occupiers; hotel guests; residential homebuyers
Biggest cost
Other operating expenses (24.6% of revenue) plus capex (31.6%) reflecting mall and office development
Kind of business
Asset-heavy, real-estate-led mixed-use developer combining retail rentals, hospitality, residential sales and commercial offices
Where it sits
Pipeline to ~18 mn sq. ft. of retail GLA by 2030; ISMDPL acquisition adds 4.4 mn sq. ft. of retail and a CPP investment partner
Market Cap
₹67,952 Cr
P / E (TTM)
53.1×
EV / EBITDA
25.5×
Div Yield
0.13%
Growth
32.7%▲
Revenue 5y CAGR
PAT +100.7% · EBITDA +36.5%
Quality
11.8%·
ROCE (5y median)
ROE 10.8% (5y median) · margin 62.8%
Leverage
0.37·
Debt / Equity · low
Net debt ₹5,114 Cr
Revenue FY21→FY26
4.1×▲
Margin +30.7 pts
₹1,073 Cr → ₹4,423 Cr
Cash conversion
1.48×▲
Operating cash ÷ profit · 5 yrs
₹8,808 Cr on ₹5,942 Cr
Moves on a normal day
1.05%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 66 Residential Commercial Projects peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#50/57
P/B#60/64
ROCE#26/66
ROE#20/64
Debt / Equity#31/64
EBITDA margin#3/66
Revenue growth#34/67
Profit growth#27/66

Scorecard

Measured from the filed financials, judged against its Residential Commercial Projects peers · as of FY26 — not investment advice

Strengths
Revenue compounding 33% a year over 5 years
Profit compounding 101% a year over 5 years
Over 5 years it reported ₹5,942 Cr of profit and ₹8,808 Cr of operating cash — 1.48×
Profit is converting into cash
Concerns
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

PHOENIXLTD · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from THE PHOENIX MILLS LTD's filed financials and exchange disclosures

What does THE PHOENIX MILLS LTD do?

THE PHOENIX MILLS LTD is a Realty company listed on NSE and BSE, trading under the symbol PHOENIXLTD.

Is THE PHOENIX MILLS LTD profitable?

Yes. Over the trailing twelve months THE PHOENIX MILLS LTD reported a net profit of ₹1,630 Cr on revenue of ₹4,545 Cr.

Does THE PHOENIX MILLS LTD pay a dividend?

Yes. The dividend yield is 0.13% at the current price. It paid out 6% of its profit as dividend in FY26.

Is THE PHOENIX MILLS LTD debt-free?

No. It reported borrowings of ₹5,296 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹5,114 Cr after cash. Debt stands at 0.37× equity. That is lower than 52% of its 64 Residential Commercial Projects peers.

Is THE PHOENIX MILLS LTD expensive compared with its peers?

On trailing P/E, THE PHOENIX MILLS LTD ranks 50 of 57 in Residential Commercial Projects — cheaper than 13% of them, against an industry median of 20.5×. This is a position, not a valuation judgement.

How much does the THE PHOENIX MILLS LTD share price move in a day?

On a typical session THE PHOENIX MILLS LTD moves 1.05% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are THE PHOENIX MILLS LTD's next results?

Financial Results on Fri, 30 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track THE PHOENIX MILLS LTD's announcements?

Every NSE and BSE filing by THE PHOENIX MILLS LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.