The Phoenix Mills Ltd.
•₹ 1,9300.26%
2026-08-21
PROS
- Latest quarter profit grew 51.1% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.93x)
- Company generates healthy free cash flow
- Company has a consistent dividend-paying track record
- Company maintains a comfortable, low leverage position
- Company comfortably covers its interest (6.1x coverage)
CONS
- Recent results are weak - TTM profit is down 39.4% versus prior year
- A large part of profit comes from other income (39.8% of PBT)
- Company has a low return on capital employed of 7.2%
- Company has a low return on equity of 6.1% over last 3 years
- Operating margins have contracted to 61.6% from 89.4%
- Effective tax rate is unusually low at 8.7% - earnings may be flattered
* 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 | 677.00 | 37.69 | 167578.60 | 1.18 | 793.90 | -89.59 | 1280.34 | -52.87 | 6.81 | 49.68 |
| 2. | LODHA | 1244.00 | 30.13 | 124297.81 | 0.34 | 1373.10 | 103.39 | 4996.70 | 43.10 | 16.89 | 38.51 |
| 3. | OBEROIRLTY | 1906.00 | 26.35 | 69302.59 | 0.42 | 543.51 | 29.02 | 1300.89 | 31.73 | 17.69 | 56.75 |
| 4. | PHOENIXLTD | 1921.15 | 53.68 | 68712.57 | 0.13 | 394.51 | 22.95 | 1074.94 | 12.80 | 13.70 | 59.77 |
| 5. | PRESTIGE | 1584.45 | 59.92 | 68247.05 | 0.13 | 271.40 | -12.87 | 2675.10 | 15.94 | 11.51 | 31.75 |
| 6. | GODREJPROP | 2025.00 | 38.12 | 60998.37 | 0.49 | 349.38 | -41.61 | 506.17 | 16.48 | 8.37 | -57.98 |
| 7. | ANANTRAJ | 634.00 | 39.43 | 22816.20 | 0.16 | 149.19 | 18.50 | 631.40 | 6.58 | 12.23 | 29.53 |
| 8. | BRIGADE | 626.60 | 29.42 | 20443.41 | 0.24 | 216.94 | 37.35 | 1115.55 | -12.93 | 11.02 | 32.33 |
| 9. | ABREL | 1446.20 | 0.00 | 16153.43 | 0.17 | -34.59 | -27.73 | 188.85 | 30.95 | -4.54 | -30.02 |
| 10. | SOBHA | 1304.85 | 60.51 | 13955.87 | 0.46 | 50.85 | 273.37 | 1278.15 | 50.03 | 6.96 | 6.07 |
| 11. | SIGNATURE | 800.95 | 10.80 | 11268.25 | 0.00 | -16.53 | -148.00 | 551.99 | -36.24 | 5.56 | -8.10 |
| 12. | EMBDL | 63.16 | 0.00 | 8783.24 | 0.00 | -234.40 | -41.51 | 216.75 | -68.17 | -2.39 | -58.63 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 118 | 112 | 120 | 116 | 118 | 116 | 127 | 125 | 126 | 137 | 146 | 135 | 147 | |
| 36 | 39 | 42 | 37 | 41 | 43 | 46 | 55 | 44 | 51 | 48 | 43 | 81 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 6 | 93 | 5 | 5 | 6 | 105 | 14 | 22 | 6 | 95 | 27 | 7 | 6 |
| Interest | 16 | 16 | 16 | 16 | 17 | 18 | 19 | 19 | 17 | 16 | 19 | 14 | 14 |
| Depreciation | 8 | 8 | 8 | 11 | 8 | 9 | 12 | 16 | 22 | 16 | 17 | 15 | 20 |
| 64 | 142 | 58 | 57 | 106 | 150 | 65 | 49 | 48 | 150 | 64 | 66 | 73 | |
| Tax % | 19.74% | 11.40% | 13.32% | 7.84% | 9.04% | 10.71% | 13.62% | -4.65% | 14.90% | 13.58% | 28.09% | 16.81% | 15.34% |
| Net Profit | 51 | 126 | 50 | 53 | 96 | 134 | 56 | 52 | 41 | 129 | 46 | 55 | 62 |
| 3 | 4 | 1 | 1 | 3 | 4 | 2 | 1 | 1 | 4 | 1 | 2 | 0 | |
| 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
- 118
- 36
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 16
- Depreciation
- 8
- 64
- Tax %
- 19.74%
- Net Profit
- 51
- 3
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 112
- 39
- Operating Profit
- —
- OPM %
- —
- Other Income
- 93
- Interest
- 16
- Depreciation
- 8
- 142
- Tax %
- 11.40%
- Net Profit
- 126
- 4
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 120
- 42
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 16
- Depreciation
- 8
- 58
- Tax %
- 13.32%
- Net Profit
- 50
- 1
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 116
- 37
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 16
- Depreciation
- 11
- 57
- Tax %
- 7.84%
- Net Profit
- 53
- 1
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 118
- 41
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 17
- Depreciation
- 8
- 106
- Tax %
- 9.04%
- Net Profit
- 96
- 3
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 116
- 43
- Operating Profit
- —
- OPM %
- —
- Other Income
- 105
- Interest
- 18
- Depreciation
- 9
- 150
- Tax %
- 10.71%
- Net Profit
- 134
- 4
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 127
- 46
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 19
- Depreciation
- 12
- 65
- Tax %
- 13.62%
- Net Profit
- 56
- 2
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 125
- 55
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 19
- Depreciation
- 16
- 49
- Tax %
- -4.65%
- Net Profit
- 52
- 1
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 126
- 44
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 17
- Depreciation
- 22
- 48
- Tax %
- 14.90%
- Net Profit
- 41
- 1
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 137
- 51
- Operating Profit
- —
- OPM %
- —
- Other Income
- 95
- Interest
- 16
- Depreciation
- 16
- 150
- Tax %
- 13.58%
- Net Profit
- 129
- 4
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 146
- 48
- Operating Profit
- —
- OPM %
- —
- Other Income
- 27
- Interest
- 19
- Depreciation
- 17
- 64
- Tax %
- 28.09%
- Net Profit
- 46
- 1
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 135
- 43
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 14
- Depreciation
- 15
- 66
- Tax %
- 16.81%
- Net Profit
- 55
- 2
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 147
- 81
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 14
- Depreciation
- 20
- 73
- Tax %
- 15.34%
- Net Profit
- 62
- 0
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 356 | 376 | 397 | 440 | 444 | 238 | 284 | 477 | 466 | 486 | 566 | |
| 117 | 123 | 145 | 172 | 185 | 114 | 119 | 156 | 154 | 187 | 223 | |
| Operating Profit | 338 | 309 | 305 | 331 | 302 | 421 | 254 | 384 | 421 | 446 | — |
| OPM % | 95 | 82 | 77 | 75 | 68 | 177 | 89 | 81 | 90 | 92 | — |
| Other Income | 99 | 56 | 53 | 63 | 43 | 298 | 89 | 64 | 109 | 147 | 136 |
| Interest | 69 | 81 | 75 | 78 | 76 | 63 | 64 | 66 | 65 | 73 | 63 |
| Depreciation | 29 | 30 | 40 | 44 | 46 | 42 | 29 | 31 | 35 | 45 | 68 |
| 211 | 163 | 190 | 209 | 178 | 316 | 394 | 336 | 321 | 369 | 352 | |
| Tax % | 29 | 18 | 19 | 17 | 17 | 8 | 6 | 14 | 13 | 9 | 17 |
| Net Profit | 150 | 134 | 155 | 173 | 148 | 292 | 370 | 290 | 280 | 337 | 291 |
| EPS | 10 | 9 | 10 | 11 | 10 | 17 | 21 | 16 | 16 | 9 | — |
| Dividend Payout % | 22 | 28 | 26 | 27 | 0 | 6 | 12 | 31 | 32 | 26 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 5 | 4 | 5 | 6 | 5 | 8 | 10 | 8 | 8 | 9 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 5 | 4 | 5 | 6 | 5 | 8 | 10 | 8 | 8 | 9 | — |
Mar 2016
- 356
- 117
- Operating Profit
- 338
- OPM %
- 95
- Other Income
- 99
- Interest
- 69
- Depreciation
- 29
- 211
- Tax %
- 29
- Net Profit
- 150
- EPS
- 10
- Dividend Payout %
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2017
- 376
- 123
- Operating Profit
- 309
- OPM %
- 82
- Other Income
- 56
- Interest
- 81
- Depreciation
- 30
- 163
- Tax %
- 18
- Net Profit
- 134
- EPS
- 9
- Dividend Payout %
- 28
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2018
- 397
- 145
- Operating Profit
- 305
- OPM %
- 77
- Other Income
- 53
- Interest
- 75
- Depreciation
- 40
- 190
- Tax %
- 19
- Net Profit
- 155
- EPS
- 10
- Dividend Payout %
- 26
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2019
- 440
- 172
- Operating Profit
- 331
- OPM %
- 75
- Other Income
- 63
- Interest
- 78
- Depreciation
- 44
- 209
- Tax %
- 17
- Net Profit
- 173
- EPS
- 11
- Dividend Payout %
- 27
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2020
- 444
- 185
- Operating Profit
- 302
- OPM %
- 68
- Other Income
- 43
- Interest
- 76
- Depreciation
- 46
- 178
- Tax %
- 17
- Net Profit
- 148
- EPS
- 10
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2021
- 238
- 114
- Operating Profit
- 421
- OPM %
- 177
- Other Income
- 298
- Interest
- 63
- Depreciation
- 42
- 316
- Tax %
- 8
- Net Profit
- 292
- EPS
- 17
- Dividend Payout %
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2022
- 284
- 119
- Operating Profit
- 254
- OPM %
- 89
- Other Income
- 89
- Interest
- 64
- Depreciation
- 29
- 394
- Tax %
- 6
- Net Profit
- 370
- EPS
- 21
- Dividend Payout %
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2023
- 477
- 156
- Operating Profit
- 384
- OPM %
- 81
- Other Income
- 64
- Interest
- 66
- Depreciation
- 31
- 336
- Tax %
- 14
- Net Profit
- 290
- EPS
- 16
- Dividend Payout %
- 31
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2024
- 466
- 154
- Operating Profit
- 421
- OPM %
- 90
- Other Income
- 109
- Interest
- 65
- Depreciation
- 35
- 321
- Tax %
- 13
- Net Profit
- 280
- EPS
- 16
- Dividend Payout %
- 32
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2025
- 486
- 187
- Operating Profit
- 446
- OPM %
- 92
- Other Income
- 147
- Interest
- 73
- Depreciation
- 45
- 369
- Tax %
- 9
- Net Profit
- 337
- EPS
- 9
- Dividend Payout %
- 26
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
TTM
- 566
- 223
- Operating Profit
- —
- OPM %
- —
- Other Income
- 136
- Interest
- 63
- Depreciation
- 68
- 352
- Tax %
- 17
- Net Profit
- 291
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 4%
- 5 Years:
- 2%
- 3 Years:
- 20%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 18%
- 5 Years:
- 18%
- 3 Years:
- -3%
STOCK PRICE CAGR
- 10 Years:
- 25%
- 5 Years:
- 37%
- 3 Years:
- 30%
- 1 Year:
- 22%
RETURN ON EQUITY
- 10 Years:
- 7%
- 5 Years:
- 7%
- 3 Years:
- 6%
- Last Year:
- 7%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 2,273 | 2,399 | 2,532 | 2,704 | 2,805 | 4,183 | 4,545 | 4,798 | 4,998 | 5,239 | |
| 298 | 176 | 103 | 134 | 258 | 218 | 352 | 227 | 61 | 0 | |
| Trade Payables | 15 | 17 | 17 | 13 | 14 | 17 | 19 | 20 | 29 | 24 |
| 710 | 754 | 807 | 869 | 833 | 722 | 775 | 743 | 948 | 1,045 | |
| Total Liabilities | 3,325 | 3,377 | 3,489 | 3,751 | 3,940 | 5,174 | 5,727 | 5,824 | 6,073 | 6,380 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 442 | 606 | 638 | 635 | 676 | 24 | 21 | 33 | 33 | 46 | |
| Capital Work in Progress | 120 | 110 | 73 | 72 | 80 | 9 | 92 | 198 | 371 | 617 |
| 1,661 | 2,283 | 2,367 | 2,614 | 2,710 | 2,890 | 4,473 | 4,548 | 4,683 | 4,352 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23 | 23 | |
| Cash & Bank | 71 | 7 | 6 | 7 | 4 | 417 | 212 | 32 | 3 | 23 |
| 1,031 | 371 | 405 | 422 | 470 | 1,835 | 929 | 1,013 | 959 | 1,319 | |
| Total Assets | 3,325 | 3,377 | 3,489 | 3,751 | 3,940 | 5,174 | 5,727 | 5,824 | 6,073 | 6,380 |
| Total Debt | 821 | 751 | 717 | 797 | 846 | 682 | 867 | 654 | 720 | 749 |
| Net Working Capital | 32 | -76 | 79 | -75 | -187 | 1,354 | 1,017 | 119 | 286 | 291 |
| Contingent Liabilities | 139 | 61 | 81 | 59 | 65 | 85 | 459 | 528 | 210 | 187 |
| Book Value per Share | 150.56 | 158.75 | 167.32 | 178.37 | 184.75 | 245.39 | 256.61 | 270.61 | 281.71 | 148.54 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 821 | 751 | 717 | 797 | 846 | 682 | 867 | 654 | 720 | 749 |
| Net Working Capital | 32 | -76 | 79 | -75 | -187 | 1,354 | 1,017 | 119 | 286 | 291 |
| Contingent Liabilities | 139 | 61 | 81 | 59 | 65 | 85 | 459 | 528 | 210 | 187 |
| Book Value per Share | 150.56 | 158.75 | 167.32 | 178.37 | 184.75 | 245.39 | 256.61 | 270.61 | 281.71 | 148.54 |
| 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
- 2,273
- 298
- Trade Payables
- 15
- 710
- Total Liabilities
- 3,325
- 442
- Capital Work in Progress
- 120
- 1,661
- 0
- Cash & Bank
- 71
- 1,031
- Total Assets
- 3,325
- Total Debt
- 821
- Net Working Capital
- 32
- Contingent Liabilities
- 139
- Book Value per Share
- 150.56
- Face Value
- 2.00
- Total Debt
- 821
- Net Working Capital
- 32
- Contingent Liabilities
- 139
- Book Value per Share
- 150.56
- Face Value
- 2.00
Mar 2017
- Equity Capital
- 31
- 2,399
- 176
- Trade Payables
- 17
- 754
- Total Liabilities
- 3,377
- 606
- Capital Work in Progress
- 110
- 2,283
- 0
- Cash & Bank
- 7
- 371
- Total Assets
- 3,377
- Total Debt
- 751
- Net Working Capital
- -76
- Contingent Liabilities
- 61
- Book Value per Share
- 158.75
- Face Value
- 2.00
- Total Debt
- 751
- Net Working Capital
- -76
- Contingent Liabilities
- 61
- Book Value per Share
- 158.75
- Face Value
- 2.00
Mar 2018
- Equity Capital
- 31
- 2,532
- 103
- Trade Payables
- 17
- 807
- Total Liabilities
- 3,489
- 638
- Capital Work in Progress
- 73
- 2,367
- 0
- Cash & Bank
- 6
- 405
- Total Assets
- 3,489
- Total Debt
- 717
- Net Working Capital
- 79
- Contingent Liabilities
- 81
- Book Value per Share
- 167.32
- Face Value
- 2.00
- Total Debt
- 717
- Net Working Capital
- 79
- Contingent Liabilities
- 81
- Book Value per Share
- 167.32
- Face Value
- 2.00
Mar 2019
- Equity Capital
- 31
- 2,704
- 134
- Trade Payables
- 13
- 869
- Total Liabilities
- 3,751
- 635
- Capital Work in Progress
- 72
- 2,614
- 0
- Cash & Bank
- 7
- 422
- Total Assets
- 3,751
- Total Debt
- 797
- Net Working Capital
- -75
- Contingent Liabilities
- 59
- Book Value per Share
- 178.37
- Face Value
- 2.00
- Total Debt
- 797
- Net Working Capital
- -75
- Contingent Liabilities
- 59
- Book Value per Share
- 178.37
- Face Value
- 2.00
Mar 2020
- Equity Capital
- 31
- 2,805
- 258
- Trade Payables
- 14
- 833
- Total Liabilities
- 3,940
- 676
- Capital Work in Progress
- 80
- 2,710
- 0
- Cash & Bank
- 4
- 470
- Total Assets
- 3,940
- Total Debt
- 846
- Net Working Capital
- -187
- Contingent Liabilities
- 65
- Book Value per Share
- 184.75
- Face Value
- 2.00
- Total Debt
- 846
- Net Working Capital
- -187
- Contingent Liabilities
- 65
- Book Value per Share
- 184.75
- Face Value
- 2.00
Mar 2021
- Equity Capital
- 34
- 4,183
- 218
- Trade Payables
- 17
- 722
- Total Liabilities
- 5,174
- 24
- Capital Work in Progress
- 9
- 2,890
- 0
- Cash & Bank
- 417
- 1,835
- Total Assets
- 5,174
- Total Debt
- 682
- Net Working Capital
- 1,354
- Contingent Liabilities
- 85
- Book Value per Share
- 245.39
- Face Value
- 2.00
- Total Debt
- 682
- Net Working Capital
- 1,354
- Contingent Liabilities
- 85
- Book Value per Share
- 245.39
- Face Value
- 2.00
Mar 2022
- Equity Capital
- 36
- 4,545
- 352
- Trade Payables
- 19
- 775
- Total Liabilities
- 5,727
- 21
- Capital Work in Progress
- 92
- 4,473
- 0
- Cash & Bank
- 212
- 929
- Total Assets
- 5,727
- Total Debt
- 867
- Net Working Capital
- 1,017
- Contingent Liabilities
- 459
- Book Value per Share
- 256.61
- Face Value
- 2.00
- Total Debt
- 867
- Net Working Capital
- 1,017
- Contingent Liabilities
- 459
- Book Value per Share
- 256.61
- Face Value
- 2.00
Mar 2023
- Equity Capital
- 36
- 4,798
- 227
- Trade Payables
- 20
- 743
- Total Liabilities
- 5,824
- 33
- Capital Work in Progress
- 198
- 4,548
- 0
- Cash & Bank
- 32
- 1,013
- Total Assets
- 5,824
- Total Debt
- 654
- Net Working Capital
- 119
- Contingent Liabilities
- 528
- Book Value per Share
- 270.61
- Face Value
- 2.00
- Total Debt
- 654
- Net Working Capital
- 119
- Contingent Liabilities
- 528
- Book Value per Share
- 270.61
- Face Value
- 2.00
Mar 2024
- Equity Capital
- 36
- 4,998
- 61
- Trade Payables
- 29
- 948
- Total Liabilities
- 6,073
- 33
- Capital Work in Progress
- 371
- 4,683
- 23
- Cash & Bank
- 3
- 959
- Total Assets
- 6,073
- Total Debt
- 720
- Net Working Capital
- 286
- Contingent Liabilities
- 210
- Book Value per Share
- 281.71
- Face Value
- 2.00
- Total Debt
- 720
- Net Working Capital
- 286
- Contingent Liabilities
- 210
- Book Value per Share
- 281.71
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 72
- 5,239
- 0
- Trade Payables
- 24
- 1,045
- Total Liabilities
- 6,380
- 46
- Capital Work in Progress
- 617
- 4,352
- 23
- Cash & Bank
- 23
- 1,319
- Total Assets
- 6,380
- Total Debt
- 749
- Net Working Capital
- 291
- Contingent Liabilities
- 187
- Book Value per Share
- 148.54
- Face Value
- 2.00
- Total Debt
- 749
- Net Working Capital
- 291
- Contingent Liabilities
- 187
- Book Value per Share
- 148.54
- Face Value
- 2.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 155 | 187 | 256 | 234 | 254 | 110 | 378 | 295 | 229 | 320 | |
| Cash from Investing | -408 | -88 | -114 | -200 | -185 | -894 | -436 | -112 | -171 | -181 |
| Cash from Financing | 304 | -163 | -143 | -33 | -72 | 862 | 127 | -303 | -146 | -58 |
| 51 | -64 | -1 | 1 | -3 | 78 | 68 | -121 | -88 | 82 | |
| Free Cash Flow | 131 | 4 | 220 | 195 | 160 | 110 | 292 | 171 | 53 | 53 |
| OCF / Net Profit | 1.03 | 1.40 | 1.65 | 1.35 | 1.72 | 0.38 | 1.02 | 1.01 | 0.82 | 0.95 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 710 | 689 | 977 | 927 | 786 | 679 |
| OCF / Net Profit | 1.03 | 1.40 | 1.65 | 1.35 | 1.72 | 0.38 | 1.02 | 1.01 | 0.82 | 0.95 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 710 | 689 | 977 | 927 | 786 | 679 |
Mar 2016
- 155
- Cash from Investing
- -408
- Cash from Financing
- 304
- 51
- Free Cash Flow
- 131
- OCF / Net Profit
- 1.03
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.03
- Cumulative 5-Year FCF
- 0
Mar 2017
- 187
- Cash from Investing
- -88
- Cash from Financing
- -163
- -64
- Free Cash Flow
- 4
- OCF / Net Profit
- 1.40
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.40
- Cumulative 5-Year FCF
- 0
Mar 2018
- 256
- Cash from Investing
- -114
- Cash from Financing
- -143
- -1
- Free Cash Flow
- 220
- OCF / Net Profit
- 1.65
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.65
- Cumulative 5-Year FCF
- 0
Mar 2019
- 234
- Cash from Investing
- -200
- Cash from Financing
- -33
- 1
- Free Cash Flow
- 195
- OCF / Net Profit
- 1.35
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.35
- Cumulative 5-Year FCF
- 0
Mar 2020
- 254
- Cash from Investing
- -185
- Cash from Financing
- -72
- -3
- Free Cash Flow
- 160
- OCF / Net Profit
- 1.72
- Cumulative 5-Year FCF
- 710
- OCF / Net Profit
- 1.72
- Cumulative 5-Year FCF
- 710
Mar 2021
- 110
- Cash from Investing
- -894
- Cash from Financing
- 862
- 78
- Free Cash Flow
- 110
- OCF / Net Profit
- 0.38
- Cumulative 5-Year FCF
- 689
- OCF / Net Profit
- 0.38
- Cumulative 5-Year FCF
- 689
Mar 2022
- 378
- Cash from Investing
- -436
- Cash from Financing
- 127
- 68
- Free Cash Flow
- 292
- OCF / Net Profit
- 1.02
- Cumulative 5-Year FCF
- 977
- OCF / Net Profit
- 1.02
- Cumulative 5-Year FCF
- 977
Mar 2023
- 295
- Cash from Investing
- -112
- Cash from Financing
- -303
- -121
- Free Cash Flow
- 171
- OCF / Net Profit
- 1.01
- Cumulative 5-Year FCF
- 927
- OCF / Net Profit
- 1.01
- Cumulative 5-Year FCF
- 927
Mar 2024
- 229
- Cash from Investing
- -171
- Cash from Financing
- -146
- -88
- Free Cash Flow
- 53
- OCF / Net Profit
- 0.82
- Cumulative 5-Year FCF
- 786
- OCF / Net Profit
- 0.82
- Cumulative 5-Year FCF
- 786
Mar 2025
- 320
- Cash from Investing
- -181
- Cash from Financing
- -58
- 82
- Free Cash Flow
- 53
- OCF / Net Profit
- 0.95
- Cumulative 5-Year FCF
- 679
- OCF / Net Profit
- 0.95
- Cumulative 5-Year FCF
- 679
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 9.78 | 8.72 | 10.11 | 11.29 | 9.62 | 16.99 | 20.72 | 16.26 | 15.68 | 9.43 |
| Book Value (₹) | 150.56 | 158.75 | 167.32 | 178.37 | 184.75 | 245.39 | 256.61 | 270.61 | 281.71 | 148.54 |
| 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 (₹) | 5.85 | 5.34 | 6.37 | 7.09 | 6.32 | 9.73 | 11.16 | 8.99 | 8.81 | 10.68 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 94.93% | 82.18% | 76.76% | 75.23% | 67.88% | 177.12% | 89.45% | 80.64% | 66.96% | 61.57% |
| Net Margin % | 42.05% | 35.53% | 38.98% | 39.31% | 33.20% | 122.86% | 130.43% | 60.94% | 60.17% | 69.39% |
| ROE % | 7.12% | 5.64% | 6.20% | 6.54% | 5.30% | 8.28% | 8.41% | 6.17% | 5.68% | 6.52% |
| ROCE % | 9.88% | 7.73% | 8.18% | 8.41% | 7.02% | 8.80% | 8.83% | 7.33% | 6.84% | 7.47% |
| 4.90% | 3.99% | 4.51% | 4.78% | 3.84% | 6.41% | 6.79% | 5.03% | 4.71% | 5.42% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 24 | 21 | 17 | 17 | 17 | 48 | 54 | 29 | 22 | 17 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 24 | 21 | 17 | 17 | 17 | 48 | 54 | 29 | 22 | 17 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.36x | 0.31x | 0.28x | 0.29x | 0.30x | 0.16x | 0.19x | 0.14x | 0.14x | 0.14x |
| Interest Coverage (x) | 4.07x | 3.00x | 3.55x | 3.69x | 3.35x | 6.05x | 7.20x | 6.11x | 5.97x | 6.08x |
| 1.08x | 0.72x | 1.34x | 0.74x | 0.56x | 4.22x | 2.86x | 1.29x | 1.98x | 2.12x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 12.79% | 5.65% | 5.67% | 10.86% | 0.93% | -46.50% | 19.28% | 68.03% | -2.27% | 4.38% |
| Operating Profit Growth % | 12.64% | -8.54% | -1.29% | 8.65% | -8.93% | 39.58% | -39.76% | 51.48% | 9.45% | 6.14% |
| Net Profit Growth % | 141.87% | -10.73% | 15.94% | 11.79% | -14.75% | 97.95% | 26.63% | -21.49% | -3.51% | 20.37% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -3.56% | -39.84% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 88.35x | 173.75x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 9.84x | 11.04x |
| 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 | 119.43x | 132.92x |
Mar 2016
- EPS (₹)
- 9.78
- Book Value (₹)
- 150.56
- Dividend per Share (₹)
- 2.20
- Cash EPS (₹)
- 5.85
- Operating Margin %
- 94.93%
- Net Margin %
- 42.05%
- ROE %
- 7.12%
- ROCE %
- 9.88%
- 4.90%
- Debtor Days
- 24
- Inventory Days
- 0
- Payable Days
- 0
- 24
- Debt to Equity (x)
- 0.36x
- Interest Coverage (x)
- 4.07x
- 1.08x
- Revenue Growth %
- 12.79%
- Operating Profit Growth %
- 12.64%
- Net Profit Growth %
- 141.87%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 8.72
- Book Value (₹)
- 158.75
- Dividend per Share (₹)
- 2.40
- Cash EPS (₹)
- 5.34
- Operating Margin %
- 82.18%
- Net Margin %
- 35.53%
- ROE %
- 5.64%
- ROCE %
- 7.73%
- 3.99%
- Debtor Days
- 21
- Inventory Days
- 0
- Payable Days
- 0
- 21
- Debt to Equity (x)
- 0.31x
- Interest Coverage (x)
- 3.00x
- 0.72x
- Revenue Growth %
- 5.65%
- Operating Profit Growth %
- -8.54%
- Net Profit Growth %
- -10.73%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 10.11
- Book Value (₹)
- 167.32
- Dividend per Share (₹)
- 2.60
- Cash EPS (₹)
- 6.37
- Operating Margin %
- 76.76%
- Net Margin %
- 38.98%
- ROE %
- 6.20%
- ROCE %
- 8.18%
- 4.51%
- Debtor Days
- 17
- Inventory Days
- 0
- Payable Days
- 0
- 17
- Debt to Equity (x)
- 0.28x
- Interest Coverage (x)
- 3.55x
- 1.34x
- Revenue Growth %
- 5.67%
- Operating Profit Growth %
- -1.29%
- Net Profit Growth %
- 15.94%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 11.29
- Book Value (₹)
- 178.37
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 7.09
- Operating Margin %
- 75.23%
- Net Margin %
- 39.31%
- ROE %
- 6.54%
- ROCE %
- 8.41%
- 4.78%
- Debtor Days
- 17
- Inventory Days
- 0
- Payable Days
- 0
- 17
- Debt to Equity (x)
- 0.29x
- Interest Coverage (x)
- 3.69x
- 0.74x
- Revenue Growth %
- 10.86%
- Operating Profit Growth %
- 8.65%
- Net Profit Growth %
- 11.79%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 9.62
- Book Value (₹)
- 184.75
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 6.32
- Operating Margin %
- 67.88%
- Net Margin %
- 33.20%
- ROE %
- 5.30%
- ROCE %
- 7.02%
- 3.84%
- Debtor Days
- 17
- Inventory Days
- 0
- Payable Days
- 0
- 17
- Debt to Equity (x)
- 0.30x
- Interest Coverage (x)
- 3.35x
- 0.56x
- Revenue Growth %
- 0.93%
- Operating Profit Growth %
- -8.93%
- Net Profit Growth %
- -14.75%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 16.99
- Book Value (₹)
- 245.39
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 9.73
- Operating Margin %
- 177.12%
- Net Margin %
- 122.86%
- ROE %
- 8.28%
- ROCE %
- 8.80%
- 6.41%
- Debtor Days
- 48
- Inventory Days
- 0
- Payable Days
- 0
- 48
- Debt to Equity (x)
- 0.16x
- Interest Coverage (x)
- 6.05x
- 4.22x
- Revenue Growth %
- -46.50%
- Operating Profit Growth %
- 39.58%
- Net Profit Growth %
- 97.95%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 20.72
- Book Value (₹)
- 256.61
- Dividend per Share (₹)
- 2.40
- Cash EPS (₹)
- 11.16
- Operating Margin %
- 89.45%
- Net Margin %
- 130.43%
- ROE %
- 8.41%
- ROCE %
- 8.83%
- 6.79%
- Debtor Days
- 54
- Inventory Days
- 0
- Payable Days
- 0
- 54
- Debt to Equity (x)
- 0.19x
- Interest Coverage (x)
- 7.20x
- 2.86x
- Revenue Growth %
- 19.28%
- Operating Profit Growth %
- -39.76%
- Net Profit Growth %
- 26.63%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 16.26
- Book Value (₹)
- 270.61
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 8.99
- Operating Margin %
- 80.64%
- Net Margin %
- 60.94%
- ROE %
- 6.17%
- ROCE %
- 7.33%
- 5.03%
- Debtor Days
- 29
- Inventory Days
- 0
- Payable Days
- 0
- 29
- Debt to Equity (x)
- 0.14x
- Interest Coverage (x)
- 6.11x
- 1.29x
- Revenue Growth %
- 68.03%
- Operating Profit Growth %
- 51.48%
- Net Profit Growth %
- -21.49%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 15.68
- Book Value (₹)
- 281.71
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 8.81
- Operating Margin %
- 66.96%
- Net Margin %
- 60.17%
- ROE %
- 5.68%
- ROCE %
- 6.84%
- 4.71%
- Debtor Days
- 22
- Inventory Days
- 0
- Payable Days
- 0
- 22
- Debt to Equity (x)
- 0.14x
- Interest Coverage (x)
- 5.97x
- 1.98x
- Revenue Growth %
- -2.27%
- Operating Profit Growth %
- 9.45%
- Net Profit Growth %
- -3.51%
- -3.56%
- P/E (x)
- 88.35x
- P/B (x)
- 9.84x
- Dividend Yield %
- 0.18%
- 119.43x
Mar 2025
- EPS (₹)
- 9.43
- Book Value (₹)
- 148.54
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 10.68
- Operating Margin %
- 61.57%
- Net Margin %
- 69.39%
- ROE %
- 6.52%
- ROCE %
- 7.47%
- 5.42%
- Debtor Days
- 17
- Inventory Days
- 0
- Payable Days
- 0
- 17
- Debt to Equity (x)
- 0.14x
- Interest Coverage (x)
- 6.08x
- 2.12x
- Revenue Growth %
- 4.38%
- Operating Profit Growth %
- 6.14%
- Net Profit Growth %
- 20.37%
- -39.84%
- P/E (x)
- 173.75x
- P/B (x)
- 11.04x
- Dividend Yield %
- 0.15%
- 132.92x
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