The Phoenix Mills Ltd.
•₹ 1,9300.26%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Property & Related Services: 77.3% • Hospitality Services: 17.6% • Residential Business: 5.1%
PROS
- Company has delivered good profit growth of 29.6% CAGR over last 5 years
- Company has consistently been profitable over the last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.37x)
- Working capital cycle has improved - days down from 109 to 31
- Company has a consistent dividend-paying track record
- Attractively priced for its growth - PEG of 0.7
CONS
- Recurring exceptional / one-off items are inflating headline profit
- Stock is trading at 5.6x its book value
- Though reporting repeated profits, the company pays out little dividend (9.1%)
- Rich enterprise valuation - EV/EBITDA of 27.1x
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | DLF | 667.10 | 37.14 | 165128.04 | 1.20 | 793.90 | -89.59 | 1280.34 | -52.87 | 6.81 | 49.68 |
| 2. | LODHA | 1206.00 | 29.21 | 120500.93 | 0.35 | 1373.10 | 103.39 | 4996.70 | 43.10 | 16.89 | 38.51 |
| 3. | PHOENIXLTD | 1915.15 | 53.51 | 68497.97 | 0.13 | 394.51 | 22.95 | 1074.94 | 12.80 | 13.70 | 59.77 |
| 4. | PRESTIGE | 1575.00 | 59.57 | 67840.01 | 0.13 | 271.40 | -12.87 | 2675.10 | 15.94 | 11.51 | 31.75 |
| 5. | OBEROIRLTY | 1859.00 | 25.70 | 67593.66 | 0.43 | 543.51 | 29.02 | 1300.89 | 31.73 | 17.69 | 56.75 |
| 6. | GODREJPROP | 1994.95 | 37.55 | 60093.18 | 0.50 | 349.38 | -41.61 | 506.17 | 16.48 | 8.37 | -57.98 |
| 7. | ANANTRAJ | 631.25 | 39.26 | 22717.23 | 0.16 | 149.19 | 18.50 | 631.40 | 6.58 | 12.23 | 29.53 |
| 8. | BRIGADE | 586.05 | 27.51 | 19120.43 | 0.26 | 216.94 | 37.35 | 1115.55 | -12.93 | 11.02 | 32.33 |
| 9. | ABREL | 1395.75 | 0.00 | 15589.92 | 0.18 | -34.59 | -27.73 | 188.85 | 30.95 | -4.54 | -30.02 |
| 10. | SOBHA | 1274.40 | 59.10 | 13630.20 | 0.47 | 50.85 | 273.37 | 1278.15 | 50.03 | 6.96 | 6.07 |
| 11. | SIGNATURE | 785.75 | 10.59 | 11054.40 | 0.00 | -16.53 | -148.00 | 551.99 | -36.24 | 5.56 | -8.10 |
| 12. | EMBDL | 62.35 | 0.00 | 8670.60 | 0.00 | -234.40 | -41.51 | 216.75 | -68.17 | -2.39 | -58.63 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 811 | 875 | 986 | 1,306 | 904 | 918 | 975 | 1,016 | 953 | 1,115 | 1,121 | 1,233 | 1,075 | |
| 318 | 369 | 434 | 679 | 373 | 400 | 422 | 457 | 389 | 449 | 465 | 484 | 623 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 29 | 32 | 34 | 37 | 38 | 37 | 30 | 45 | 32 | 31 | 47 | 61 | 40 |
| Interest | 96 | 96 | 104 | 100 | 103 | 103 | 103 | 94 | 95 | 92 | 102 | 97 | 94 |
| Depreciation | 63 | 66 | 66 | 76 | 77 | 78 | 81 | 90 | 93 | 91 | 86 | 89 | 96 |
| 363 | 375 | 416 | 489 | 388 | 374 | 415 | 418 | 407 | 515 | 490 | 620 | 493 | |
| Tax % | 20.12% | 19.02% | 17.39% | 20.43% | 19.25% | 22.32% | 15.45% | 17.05% | 21.44% | 25.60% | 24.86% | 21.66% | 20.04% |
| Net Profit | 291 | 305 | 0 | 0 | 315 | 292 | 353 | 348 | 321 | 384 | 366 | 485 | 395 |
| 13 | 7 | 8 | 9 | 7 | 6 | 7 | 8 | 7 | 8 | 8 | 11 | 1 | |
| Equity Capital | 36 | 36 | 36 | 36 | 36 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 36 | 36 | 36 | 36 | 36 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 811
- 318
- Operating Profit
- —
- OPM %
- —
- Other Income
- 29
- Interest
- 96
- Depreciation
- 63
- 363
- Tax %
- 20.12%
- Net Profit
- 291
- 13
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 875
- 369
- Operating Profit
- —
- OPM %
- —
- Other Income
- 32
- Interest
- 96
- Depreciation
- 66
- 375
- Tax %
- 19.02%
- Net Profit
- 305
- 7
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 986
- 434
- Operating Profit
- —
- OPM %
- —
- Other Income
- 34
- Interest
- 104
- Depreciation
- 66
- 416
- Tax %
- 17.39%
- Net Profit
- 0
- 8
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,306
- 679
- Operating Profit
- —
- OPM %
- —
- Other Income
- 37
- Interest
- 100
- Depreciation
- 76
- 489
- Tax %
- 20.43%
- Net Profit
- 0
- 9
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 904
- 373
- Operating Profit
- —
- OPM %
- —
- Other Income
- 38
- Interest
- 103
- Depreciation
- 77
- 388
- Tax %
- 19.25%
- Net Profit
- 315
- 7
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 918
- 400
- Operating Profit
- —
- OPM %
- —
- Other Income
- 37
- Interest
- 103
- Depreciation
- 78
- 374
- Tax %
- 22.32%
- Net Profit
- 292
- 6
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 975
- 422
- Operating Profit
- —
- OPM %
- —
- Other Income
- 30
- Interest
- 103
- Depreciation
- 81
- 415
- Tax %
- 15.45%
- Net Profit
- 353
- 7
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 1,016
- 457
- Operating Profit
- —
- OPM %
- —
- Other Income
- 45
- Interest
- 94
- Depreciation
- 90
- 418
- Tax %
- 17.05%
- Net Profit
- 348
- 8
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 953
- 389
- Operating Profit
- —
- OPM %
- —
- Other Income
- 32
- Interest
- 95
- Depreciation
- 93
- 407
- Tax %
- 21.44%
- Net Profit
- 321
- 7
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,115
- 449
- Operating Profit
- —
- OPM %
- —
- Other Income
- 31
- Interest
- 92
- Depreciation
- 91
- 515
- Tax %
- 25.60%
- Net Profit
- 384
- 8
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,121
- 465
- Operating Profit
- —
- OPM %
- —
- Other Income
- 47
- Interest
- 102
- Depreciation
- 86
- 490
- Tax %
- 24.86%
- Net Profit
- 366
- 8
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,233
- 484
- Operating Profit
- —
- OPM %
- —
- Other Income
- 61
- Interest
- 97
- Depreciation
- 89
- 620
- Tax %
- 21.66%
- Net Profit
- 485
- 11
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 1,075
- 623
- Operating Profit
- —
- OPM %
- —
- Other Income
- 40
- Interest
- 94
- Depreciation
- 96
- 493
- Tax %
- 20.04%
- Net Profit
- 395
- 1
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,780 | 1,825 | 1,620 | 1,982 | 1,941 | 1,045 | 1,483 | 2,638 | 3,978 | 3,814 | 4,545 | |
| 992 | 977 | 841 | 988 | 974 | 551 | 749 | 1,119 | 1,801 | 1,652 | 2,020 | |
| Operating Profit | 818 | 895 | 834 | 1,079 | 1,026 | 587 | 809 | 1,635 | 2,309 | 2,312 | — |
| OPM % | 46 | 49 | 52 | 54 | 53 | 56 | 55 | 62 | 58 | 61 | — |
| Other Income | 31 | 47 | 56 | 85 | 59 | 92 | 74 | 116 | 132 | 151 | 179 |
| Interest | 443 | 424 | 349 | 351 | 348 | 348 | 295 | 341 | 396 | 403 | 386 |
| Depreciation | 177 | 195 | 198 | 204 | 208 | 209 | 186 | 228 | 270 | 327 | 362 |
| 159 | 276 | 287 | 572 | 478 | 29 | 328 | 1,671 | 1,643 | 1,595 | 2,118 | |
| Tax % | 48 | 31 | 26 | 19 | 26 | -16 | 24 | 12 | 19 | 18 | 23 |
| Net Profit | 82 | 190 | 212 | 462 | 356 | 34 | 248 | 1,473 | 1,326 | 1,302 | 1,631 |
| EPS | 9 | 11 | 16 | 27 | 22 | 3 | 13 | 75 | 62 | 28 | — |
| Dividend Payout % | 26 | 22 | 16 | 11 | 0 | 30 | 18 | 7 | 8 | 9 | — |
| Minority Interest | 45 | -23 | -13 | -76 | -54 | 10 | -31 | -143 | -234 | -323 | 98 |
| Share of Associates | 2 | 1 | 44 | 35 | 33 | 14 | 20 | 5 | 6 | 6 | -0 |
| Adjusted EPS | 4 | 5 | 8 | 14 | 11 | 2 | 7 | 37 | 31 | 28 | — |
| Minority Interest | 45 | -23 | -13 | -76 | -54 | 10 | -31 | -143 | -234 | -323 | 98 |
| Share of Associates | 2 | 1 | 44 | 35 | 33 | 14 | 20 | 5 | 6 | 6 | -0 |
| Adjusted EPS | 4 | 5 | 8 | 14 | 11 | 2 | 7 | 37 | 31 | 28 | — |
Mar 2016
- 1,780
- 992
- Operating Profit
- 818
- OPM %
- 46
- Other Income
- 31
- Interest
- 443
- Depreciation
- 177
- 159
- Tax %
- 48
- Net Profit
- 82
- EPS
- 9
- Dividend Payout %
- 26
- Minority Interest
- 45
- Share of Associates
- 2
- Adjusted EPS
- 4
- Minority Interest
- 45
- Share of Associates
- 2
- Adjusted EPS
- 4
Mar 2017
- 1,825
- 977
- Operating Profit
- 895
- OPM %
- 49
- Other Income
- 47
- Interest
- 424
- Depreciation
- 195
- 276
- Tax %
- 31
- Net Profit
- 190
- EPS
- 11
- Dividend Payout %
- 22
- Minority Interest
- -23
- Share of Associates
- 1
- Adjusted EPS
- 5
- Minority Interest
- -23
- Share of Associates
- 1
- Adjusted EPS
- 5
Mar 2018
- 1,620
- 841
- Operating Profit
- 834
- OPM %
- 52
- Other Income
- 56
- Interest
- 349
- Depreciation
- 198
- 287
- Tax %
- 26
- Net Profit
- 212
- EPS
- 16
- Dividend Payout %
- 16
- Minority Interest
- -13
- Share of Associates
- 44
- Adjusted EPS
- 8
- Minority Interest
- -13
- Share of Associates
- 44
- Adjusted EPS
- 8
Mar 2019
- 1,982
- 988
- Operating Profit
- 1,079
- OPM %
- 54
- Other Income
- 85
- Interest
- 351
- Depreciation
- 204
- 572
- Tax %
- 19
- Net Profit
- 462
- EPS
- 27
- Dividend Payout %
- 11
- Minority Interest
- -76
- Share of Associates
- 35
- Adjusted EPS
- 14
- Minority Interest
- -76
- Share of Associates
- 35
- Adjusted EPS
- 14
Mar 2020
- 1,941
- 974
- Operating Profit
- 1,026
- OPM %
- 53
- Other Income
- 59
- Interest
- 348
- Depreciation
- 208
- 478
- Tax %
- 26
- Net Profit
- 356
- EPS
- 22
- Dividend Payout %
- 0
- Minority Interest
- -54
- Share of Associates
- 33
- Adjusted EPS
- 11
- Minority Interest
- -54
- Share of Associates
- 33
- Adjusted EPS
- 11
Mar 2021
- 1,045
- 551
- Operating Profit
- 587
- OPM %
- 56
- Other Income
- 92
- Interest
- 348
- Depreciation
- 209
- 29
- Tax %
- -16
- Net Profit
- 34
- EPS
- 3
- Dividend Payout %
- 30
- Minority Interest
- 10
- Share of Associates
- 14
- Adjusted EPS
- 2
- Minority Interest
- 10
- Share of Associates
- 14
- Adjusted EPS
- 2
Mar 2022
- 1,483
- 749
- Operating Profit
- 809
- OPM %
- 55
- Other Income
- 74
- Interest
- 295
- Depreciation
- 186
- 328
- Tax %
- 24
- Net Profit
- 248
- EPS
- 13
- Dividend Payout %
- 18
- Minority Interest
- -31
- Share of Associates
- 20
- Adjusted EPS
- 7
- Minority Interest
- -31
- Share of Associates
- 20
- Adjusted EPS
- 7
Mar 2023
- 2,638
- 1,119
- Operating Profit
- 1,635
- OPM %
- 62
- Other Income
- 116
- Interest
- 341
- Depreciation
- 228
- 1,671
- Tax %
- 12
- Net Profit
- 1,473
- EPS
- 75
- Dividend Payout %
- 7
- Minority Interest
- -143
- Share of Associates
- 5
- Adjusted EPS
- 37
- Minority Interest
- -143
- Share of Associates
- 5
- Adjusted EPS
- 37
Mar 2024
- 3,978
- 1,801
- Operating Profit
- 2,309
- OPM %
- 58
- Other Income
- 132
- Interest
- 396
- Depreciation
- 270
- 1,643
- Tax %
- 19
- Net Profit
- 1,326
- EPS
- 62
- Dividend Payout %
- 8
- Minority Interest
- -234
- Share of Associates
- 6
- Adjusted EPS
- 31
- Minority Interest
- -234
- Share of Associates
- 6
- Adjusted EPS
- 31
Mar 2025
- 3,814
- 1,652
- Operating Profit
- 2,312
- OPM %
- 61
- Other Income
- 151
- Interest
- 403
- Depreciation
- 327
- 1,595
- Tax %
- 18
- Net Profit
- 1,302
- EPS
- 28
- Dividend Payout %
- 9
- Minority Interest
- -323
- Share of Associates
- 6
- Adjusted EPS
- 28
- Minority Interest
- -323
- Share of Associates
- 6
- Adjusted EPS
- 28
TTM
- 4,545
- 2,020
- Operating Profit
- —
- OPM %
- —
- Other Income
- 179
- Interest
- 386
- Depreciation
- 362
- 2,118
- Tax %
- 23
- Net Profit
- 1,631
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 98
- Share of Associates
- -0
- Adjusted EPS
- —
- Minority Interest
- 98
- Share of Associates
- -0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 9%
- 5 Years:
- 14%
- 3 Years:
- 37%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 39%
- 5 Years:
- 24%
- 3 Years:
- 61%
STOCK PRICE CAGR
- 10 Years:
- 26%
- 5 Years:
- 37%
- 3 Years:
- 30%
- 1 Year:
- 23%
RETURN ON EQUITY
- 10 Years:
- 10%
- 5 Years:
- 11%
- 3 Years:
- 16%
- Last Year:
- 13%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 31 | 31 | 31 | 31 | 31 | 34 | 36 | 36 | 36 | 72 |
| 1,996 | 2,116 | 2,812 | 3,430 | 3,661 | 4,986 | 6,526 | 8,320 | 9,393 | 10,368 | |
| 509 | 519 | 469 | 812 | 903 | 990 | 841 | 949 | 582 | 530 | |
| Trade Payables | 121 | 108 | 109 | 148 | 109 | 95 | 130 | 158 | 205 | 203 |
| 4,657 | 4,111 | 4,937 | 5,557 | 5,782 | 5,220 | 6,755 | 8,172 | 9,165 | 10,522 | |
| Total Liabilities | 7,314 | 6,884 | 8,358 | 9,977 | 10,486 | 11,326 | 14,288 | 17,636 | 19,381 | 21,694 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 4,548 | 4,501 | 5,668 | 6,522 | 6,453 | 1,622 | 1,546 | 2,429 | 2,862 | 2,873 | |
| Capital Work in Progress | 164 | 295 | 426 | 831 | 1,401 | 1,274 | 1,922 | 2,295 | 1,503 | 3,143 |
| 161 | 410 | 829 | 745 | 590 | 576 | 2,317 | 1,282 | 1,725 | 1,465 | |
| 1,324 | 945 | 661 | 899 | 816 | 768 | 750 | 1,212 | 782 | 774 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 270 | 230 | |
| Cash & Bank | 163 | 81 | 41 | 192 | 141 | 514 | 593 | 630 | 710 | 512 |
| 954 | 652 | 734 | 788 | 1,086 | 6,572 | 7,160 | 9,788 | 11,529 | 12,697 | |
| Total Assets | 7,314 | 6,884 | 8,358 | 9,977 | 10,486 | 11,326 | 14,288 | 17,636 | 19,381 | 21,694 |
| Total Debt | 3,889 | 3,626 | 3,667 | 4,244 | 4,308 | 4,063 | 3,982 | 4,259 | 4,612 | 4,663 |
| Net Working Capital | 833 | 281 | -293 | 50 | -197 | 8 | 1,776 | 814 | 1,190 | 328 |
| Contingent Liabilities | 245 | 205 | 263 | 246 | 523 | 244 | 1,406 | 929 | 466 | 594 |
| Book Value per Share | 132.49 | 140.24 | 185.61 | 225.74 | 240.58 | 292.11 | 367.57 | 467.81 | 527.66 | 291.98 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 3,889 | 3,626 | 3,667 | 4,244 | 4,308 | 4,063 | 3,982 | 4,259 | 4,612 | 4,663 |
| Net Working Capital | 833 | 281 | -293 | 50 | -197 | 8 | 1,776 | 814 | 1,190 | 328 |
| Contingent Liabilities | 245 | 205 | 263 | 246 | 523 | 244 | 1,406 | 929 | 466 | 594 |
| Book Value per Share | 132.49 | 140.24 | 185.61 | 225.74 | 240.58 | 292.11 | 367.57 | 467.81 | 527.66 | 291.98 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Mar 2016
- Equity Capital
- 31
- 1,996
- 509
- Trade Payables
- 121
- 4,657
- Total Liabilities
- 7,314
- 4,548
- Capital Work in Progress
- 164
- 161
- 1,324
- 0
- Cash & Bank
- 163
- 954
- Total Assets
- 7,314
- Total Debt
- 3,889
- Net Working Capital
- 833
- Contingent Liabilities
- 245
- Book Value per Share
- 132.49
- Face Value
- 2.00
- Total Debt
- 3,889
- Net Working Capital
- 833
- Contingent Liabilities
- 245
- Book Value per Share
- 132.49
- Face Value
- 2.00
Mar 2017
- Equity Capital
- 31
- 2,116
- 519
- Trade Payables
- 108
- 4,111
- Total Liabilities
- 6,884
- 4,501
- Capital Work in Progress
- 295
- 410
- 945
- 0
- Cash & Bank
- 81
- 652
- Total Assets
- 6,884
- Total Debt
- 3,626
- Net Working Capital
- 281
- Contingent Liabilities
- 205
- Book Value per Share
- 140.24
- Face Value
- 2.00
- Total Debt
- 3,626
- Net Working Capital
- 281
- Contingent Liabilities
- 205
- Book Value per Share
- 140.24
- Face Value
- 2.00
Mar 2018
- Equity Capital
- 31
- 2,812
- 469
- Trade Payables
- 109
- 4,937
- Total Liabilities
- 8,358
- 5,668
- Capital Work in Progress
- 426
- 829
- 661
- 0
- Cash & Bank
- 41
- 734
- Total Assets
- 8,358
- Total Debt
- 3,667
- Net Working Capital
- -293
- Contingent Liabilities
- 263
- Book Value per Share
- 185.61
- Face Value
- 2.00
- Total Debt
- 3,667
- Net Working Capital
- -293
- Contingent Liabilities
- 263
- Book Value per Share
- 185.61
- Face Value
- 2.00
Mar 2019
- Equity Capital
- 31
- 3,430
- 812
- Trade Payables
- 148
- 5,557
- Total Liabilities
- 9,977
- 6,522
- Capital Work in Progress
- 831
- 745
- 899
- 0
- Cash & Bank
- 192
- 788
- Total Assets
- 9,977
- Total Debt
- 4,244
- Net Working Capital
- 50
- Contingent Liabilities
- 246
- Book Value per Share
- 225.74
- Face Value
- 2.00
- Total Debt
- 4,244
- Net Working Capital
- 50
- Contingent Liabilities
- 246
- Book Value per Share
- 225.74
- Face Value
- 2.00
Mar 2020
- Equity Capital
- 31
- 3,661
- 903
- Trade Payables
- 109
- 5,782
- Total Liabilities
- 10,486
- 6,453
- Capital Work in Progress
- 1,401
- 590
- 816
- 0
- Cash & Bank
- 141
- 1,086
- Total Assets
- 10,486
- Total Debt
- 4,308
- Net Working Capital
- -197
- Contingent Liabilities
- 523
- Book Value per Share
- 240.58
- Face Value
- 2.00
- Total Debt
- 4,308
- Net Working Capital
- -197
- Contingent Liabilities
- 523
- Book Value per Share
- 240.58
- Face Value
- 2.00
Mar 2021
- Equity Capital
- 34
- 4,986
- 990
- Trade Payables
- 95
- 5,220
- Total Liabilities
- 11,326
- 1,622
- Capital Work in Progress
- 1,274
- 576
- 768
- 0
- Cash & Bank
- 514
- 6,572
- Total Assets
- 11,326
- Total Debt
- 4,063
- Net Working Capital
- 8
- Contingent Liabilities
- 244
- Book Value per Share
- 292.11
- Face Value
- 2.00
- Total Debt
- 4,063
- Net Working Capital
- 8
- Contingent Liabilities
- 244
- Book Value per Share
- 292.11
- Face Value
- 2.00
Mar 2022
- Equity Capital
- 36
- 6,526
- 841
- Trade Payables
- 130
- 6,755
- Total Liabilities
- 14,288
- 1,546
- Capital Work in Progress
- 1,922
- 2,317
- 750
- 0
- Cash & Bank
- 593
- 7,160
- Total Assets
- 14,288
- Total Debt
- 3,982
- Net Working Capital
- 1,776
- Contingent Liabilities
- 1,406
- Book Value per Share
- 367.57
- Face Value
- 2.00
- Total Debt
- 3,982
- Net Working Capital
- 1,776
- Contingent Liabilities
- 1,406
- Book Value per Share
- 367.57
- Face Value
- 2.00
Mar 2023
- Equity Capital
- 36
- 8,320
- 949
- Trade Payables
- 158
- 8,172
- Total Liabilities
- 17,636
- 2,429
- Capital Work in Progress
- 2,295
- 1,282
- 1,212
- 0
- Cash & Bank
- 630
- 9,788
- Total Assets
- 17,636
- Total Debt
- 4,259
- Net Working Capital
- 814
- Contingent Liabilities
- 929
- Book Value per Share
- 467.81
- Face Value
- 2.00
- Total Debt
- 4,259
- Net Working Capital
- 814
- Contingent Liabilities
- 929
- Book Value per Share
- 467.81
- Face Value
- 2.00
Mar 2024
- Equity Capital
- 36
- 9,393
- 582
- Trade Payables
- 205
- 9,165
- Total Liabilities
- 19,381
- 2,862
- Capital Work in Progress
- 1,503
- 1,725
- 782
- 270
- Cash & Bank
- 710
- 11,529
- Total Assets
- 19,381
- Total Debt
- 4,612
- Net Working Capital
- 1,190
- Contingent Liabilities
- 466
- Book Value per Share
- 527.66
- Face Value
- 2.00
- Total Debt
- 4,612
- Net Working Capital
- 1,190
- Contingent Liabilities
- 466
- Book Value per Share
- 527.66
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 72
- 10,368
- 530
- Trade Payables
- 203
- 10,522
- Total Liabilities
- 21,694
- 2,873
- Capital Work in Progress
- 3,143
- 1,465
- 774
- 230
- Cash & Bank
- 512
- 12,697
- Total Assets
- 21,694
- Total Debt
- 4,663
- Net Working Capital
- 328
- Contingent Liabilities
- 594
- Book Value per Share
- 291.98
- Face Value
- 2.00
- Total Debt
- 4,663
- Net Working Capital
- 328
- Contingent Liabilities
- 594
- Book Value per Share
- 291.98
- Face Value
- 2.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 497 | 1,419 | 1,514 | 350 | 739 | 432 | 781 | 1,356 | 2,161 | 2,084 | |
| Cash from Investing | -389 | -354 | -1,825 | -1,394 | -362 | -950 | -2,841 | -1,536 | -1,859 | -2,162 |
| Cash from Financing | -71 | -1,108 | 277 | 1,053 | -287 | 522 | 2,228 | 132 | -299 | -47 |
| 38 | -43 | -33 | 9 | 90 | 3 | 167 | -48 | 3 | -126 | |
| Free Cash Flow | -71 | 1,178 | 21 | -1,102 | 36 | 432 | 95 | -141 | 2,161 | 246 |
| OCF / Net Profit | 6.07 | 7.47 | 7.16 | 0.76 | 2.08 | 12.74 | 3.15 | 0.92 | 1.63 | 1.60 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 61 | 565 | -519 | -680 | 2,583 | 2,793 |
| OCF / Net Profit | 6.07 | 7.47 | 7.16 | 0.76 | 2.08 | 12.74 | 3.15 | 0.92 | 1.63 | 1.60 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 61 | 565 | -519 | -680 | 2,583 | 2,793 |
Mar 2016
- 497
- Cash from Investing
- -389
- Cash from Financing
- -71
- 38
- Free Cash Flow
- -71
- OCF / Net Profit
- 6.07
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 6.07
- Cumulative 5-Year FCF
- 0
Mar 2017
- 1,419
- Cash from Investing
- -354
- Cash from Financing
- -1,108
- -43
- Free Cash Flow
- 1,178
- OCF / Net Profit
- 7.47
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 7.47
- Cumulative 5-Year FCF
- 0
Mar 2018
- 1,514
- Cash from Investing
- -1,825
- Cash from Financing
- 277
- -33
- Free Cash Flow
- 21
- OCF / Net Profit
- 7.16
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 7.16
- Cumulative 5-Year FCF
- 0
Mar 2019
- 350
- Cash from Investing
- -1,394
- Cash from Financing
- 1,053
- 9
- Free Cash Flow
- -1,102
- OCF / Net Profit
- 0.76
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.76
- Cumulative 5-Year FCF
- 0
Mar 2020
- 739
- Cash from Investing
- -362
- Cash from Financing
- -287
- 90
- Free Cash Flow
- 36
- OCF / Net Profit
- 2.08
- Cumulative 5-Year FCF
- 61
- OCF / Net Profit
- 2.08
- Cumulative 5-Year FCF
- 61
Mar 2021
- 432
- Cash from Investing
- -950
- Cash from Financing
- 522
- 3
- Free Cash Flow
- 432
- OCF / Net Profit
- 12.74
- Cumulative 5-Year FCF
- 565
- OCF / Net Profit
- 12.74
- Cumulative 5-Year FCF
- 565
Mar 2022
- 781
- Cash from Investing
- -2,841
- Cash from Financing
- 2,228
- 167
- Free Cash Flow
- 95
- OCF / Net Profit
- 3.15
- Cumulative 5-Year FCF
- -519
- OCF / Net Profit
- 3.15
- Cumulative 5-Year FCF
- -519
Mar 2023
- 1,356
- Cash from Investing
- -1,536
- Cash from Financing
- 132
- -48
- Free Cash Flow
- -141
- OCF / Net Profit
- 0.92
- Cumulative 5-Year FCF
- -680
- OCF / Net Profit
- 0.92
- Cumulative 5-Year FCF
- -680
Mar 2024
- 2,161
- Cash from Investing
- -1,859
- Cash from Financing
- -299
- 3
- Free Cash Flow
- 2,161
- OCF / Net Profit
- 1.63
- Cumulative 5-Year FCF
- 2,583
- OCF / Net Profit
- 1.63
- Cumulative 5-Year FCF
- 2,583
Mar 2025
- 2,084
- Cash from Investing
- -2,162
- Cash from Financing
- -47
- -126
- Free Cash Flow
- 246
- OCF / Net Profit
- 1.60
- Cumulative 5-Year FCF
- 2,793
- OCF / Net Profit
- 1.60
- Cumulative 5-Year FCF
- 2,793
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 8.43 | 10.97 | 15.83 | 27.47 | 21.81 | 3.35 | 13.30 | 74.74 | 61.51 | 27.53 |
| Book Value (₹) | 132.49 | 140.24 | 185.61 | 225.74 | 240.58 | 292.11 | 367.57 | 467.81 | 527.66 | 291.98 |
| Dividend per Share (₹) | 2.20 | 2.40 | 2.60 | 3.00 | 0.00 | 1.00 | 2.40 | 5.00 | 5.00 | 2.50 |
| Cash EPS (₹) | 8.47 | 12.59 | 13.38 | 21.72 | 18.36 | 7.08 | 12.15 | 47.60 | 44.67 | 45.54 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 45.96% | 49.05% | 51.51% | 54.44% | 52.85% | 56.14% | 54.51% | 61.98% | 54.73% | 56.67% |
| Net Margin % | 4.61% | 10.41% | 13.06% | 23.30% | 18.33% | 3.24% | 16.72% | 55.81% | 33.34% | 34.13% |
| ROE % | 4.44% | 9.11% | 8.48% | 14.65% | 9.95% | 0.78% | 4.28% | 19.74% | 14.92% | 13.10% |
| ROCE % | 10.96% | 11.97% | 10.35% | 12.96% | 10.50% | 4.41% | 6.33% | 17.35% | 15.27% | 13.70% |
| 1.18% | 2.68% | 2.78% | 5.04% | 3.48% | 0.31% | 1.94% | 9.23% | 7.17% | 6.34% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 51 | 43 | 31 | 30 | 37 | 92 | 74 | 36 | 23 | 24 |
| Inventory Days | 257 | 227 | 181 | 144 | 161 | 277 | 187 | 136 | 91 | 74 |
| Payable Days | 145 | 169 | 300 | 214 | 239 | 484 | 398 | 354 | 120 | 341 |
| 163 | 100 | -88 | -41 | -41 | -115 | -137 | -182 | -5 | -243 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 1.92x | 1.69x | 1.29x | 1.23x | 1.17x | 0.81x | 0.61x | 0.51x | 0.49x | 0.45x |
| Interest Coverage (x) | 1.36x | 1.65x | 1.82x | 2.63x | 2.37x | 1.08x | 2.11x | 5.90x | 5.15x | 4.96x |
| 1.68x | 1.25x | 0.83x | 1.03x | 0.90x | 1.00x | 1.87x | 1.32x | 1.54x | 1.14x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 7.63% | 2.53% | -11.22% | 22.33% | -2.04% | -46.17% | 41.96% | 77.85% | 50.76% | -4.13% |
| Operating Profit Growth % | 3.07% | 9.42% | -6.78% | 29.30% | -4.89% | -42.82% | 37.85% | 102.21% | 41.20% | 0.13% |
| Net Profit Growth % | -5.12% | 131.80% | 11.36% | 118.19% | -22.92% | -90.47% | 631.43% | 493.78% | -9.93% | -1.87% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -17.70% | -55.25% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 22.52x | 59.55x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 5.25x | 5.61x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.18% | 0.15% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 23.13x | 27.14x |
Mar 2016
- EPS (₹)
- 8.43
- Book Value (₹)
- 132.49
- Dividend per Share (₹)
- 2.20
- Cash EPS (₹)
- 8.47
- Operating Margin %
- 45.96%
- Net Margin %
- 4.61%
- ROE %
- 4.44%
- ROCE %
- 10.96%
- 1.18%
- Debtor Days
- 51
- Inventory Days
- 257
- Payable Days
- 145
- 163
- Debt to Equity (x)
- 1.92x
- Interest Coverage (x)
- 1.36x
- 1.68x
- Revenue Growth %
- 7.63%
- Operating Profit Growth %
- 3.07%
- Net Profit Growth %
- -5.12%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 10.97
- Book Value (₹)
- 140.24
- Dividend per Share (₹)
- 2.40
- Cash EPS (₹)
- 12.59
- Operating Margin %
- 49.05%
- Net Margin %
- 10.41%
- ROE %
- 9.11%
- ROCE %
- 11.97%
- 2.68%
- Debtor Days
- 43
- Inventory Days
- 227
- Payable Days
- 169
- 100
- Debt to Equity (x)
- 1.69x
- Interest Coverage (x)
- 1.65x
- 1.25x
- Revenue Growth %
- 2.53%
- Operating Profit Growth %
- 9.42%
- Net Profit Growth %
- 131.80%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 15.83
- Book Value (₹)
- 185.61
- Dividend per Share (₹)
- 2.60
- Cash EPS (₹)
- 13.38
- Operating Margin %
- 51.51%
- Net Margin %
- 13.06%
- ROE %
- 8.48%
- ROCE %
- 10.35%
- 2.78%
- Debtor Days
- 31
- Inventory Days
- 181
- Payable Days
- 300
- -88
- Debt to Equity (x)
- 1.29x
- Interest Coverage (x)
- 1.82x
- 0.83x
- Revenue Growth %
- -11.22%
- Operating Profit Growth %
- -6.78%
- Net Profit Growth %
- 11.36%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 27.47
- Book Value (₹)
- 225.74
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 21.72
- Operating Margin %
- 54.44%
- Net Margin %
- 23.30%
- ROE %
- 14.65%
- ROCE %
- 12.96%
- 5.04%
- Debtor Days
- 30
- Inventory Days
- 144
- Payable Days
- 214
- -41
- Debt to Equity (x)
- 1.23x
- Interest Coverage (x)
- 2.63x
- 1.03x
- Revenue Growth %
- 22.33%
- Operating Profit Growth %
- 29.30%
- Net Profit Growth %
- 118.19%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 21.81
- Book Value (₹)
- 240.58
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 18.36
- Operating Margin %
- 52.85%
- Net Margin %
- 18.33%
- ROE %
- 9.95%
- ROCE %
- 10.50%
- 3.48%
- Debtor Days
- 37
- Inventory Days
- 161
- Payable Days
- 239
- -41
- Debt to Equity (x)
- 1.17x
- Interest Coverage (x)
- 2.37x
- 0.90x
- Revenue Growth %
- -2.04%
- Operating Profit Growth %
- -4.89%
- Net Profit Growth %
- -22.92%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 3.35
- Book Value (₹)
- 292.11
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 7.08
- Operating Margin %
- 56.14%
- Net Margin %
- 3.24%
- ROE %
- 0.78%
- ROCE %
- 4.41%
- 0.31%
- Debtor Days
- 92
- Inventory Days
- 277
- Payable Days
- 484
- -115
- Debt to Equity (x)
- 0.81x
- Interest Coverage (x)
- 1.08x
- 1.00x
- Revenue Growth %
- -46.17%
- Operating Profit Growth %
- -42.82%
- Net Profit Growth %
- -90.47%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 13.30
- Book Value (₹)
- 367.57
- Dividend per Share (₹)
- 2.40
- Cash EPS (₹)
- 12.15
- Operating Margin %
- 54.51%
- Net Margin %
- 16.72%
- ROE %
- 4.28%
- ROCE %
- 6.33%
- 1.94%
- Debtor Days
- 74
- Inventory Days
- 187
- Payable Days
- 398
- -137
- Debt to Equity (x)
- 0.61x
- Interest Coverage (x)
- 2.11x
- 1.87x
- Revenue Growth %
- 41.96%
- Operating Profit Growth %
- 37.85%
- Net Profit Growth %
- 631.43%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 74.74
- Book Value (₹)
- 467.81
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 47.60
- Operating Margin %
- 61.98%
- Net Margin %
- 55.81%
- ROE %
- 19.74%
- ROCE %
- 17.35%
- 9.23%
- Debtor Days
- 36
- Inventory Days
- 136
- Payable Days
- 354
- -182
- Debt to Equity (x)
- 0.51x
- Interest Coverage (x)
- 5.90x
- 1.32x
- Revenue Growth %
- 77.85%
- Operating Profit Growth %
- 102.21%
- Net Profit Growth %
- 493.78%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 61.51
- Book Value (₹)
- 527.66
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 44.67
- Operating Margin %
- 54.73%
- Net Margin %
- 33.34%
- ROE %
- 14.92%
- ROCE %
- 15.27%
- 7.17%
- Debtor Days
- 23
- Inventory Days
- 91
- Payable Days
- 120
- -5
- Debt to Equity (x)
- 0.49x
- Interest Coverage (x)
- 5.15x
- 1.54x
- Revenue Growth %
- 50.76%
- Operating Profit Growth %
- 41.20%
- Net Profit Growth %
- -9.93%
- -17.70%
- P/E (x)
- 22.52x
- P/B (x)
- 5.25x
- Dividend Yield %
- 0.18%
- 23.13x
Mar 2025
- EPS (₹)
- 27.53
- Book Value (₹)
- 291.98
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 45.54
- Operating Margin %
- 56.67%
- Net Margin %
- 34.13%
- ROE %
- 13.10%
- ROCE %
- 13.70%
- 6.34%
- Debtor Days
- 24
- Inventory Days
- 74
- Payable Days
- 341
- -243
- Debt to Equity (x)
- 0.45x
- Interest Coverage (x)
- 4.96x
- 1.14x
- Revenue Growth %
- -4.13%
- Operating Profit Growth %
- 0.13%
- Net Profit Growth %
- -1.87%
- -55.25%
- P/E (x)
- 59.55x
- P/B (x)
- 5.61x
- Dividend Yield %
- 0.15%
- 27.14x
Documents
Announcements
- Acquisition
2026-08-19 - The Phoenix Mills Limited has informed the Exchange about updates on disclosure dated July 29, 2026, relating to Acquisition
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-17 - The Phoenix Mills Limited has informed the Exchange about Outcome of Interaction with Analyst/Institutional Investor
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
Apr 2026
Feb 2026