Whalesbook
Phoenix Mills Ltd is engaged in the operation & management of malls, construction of commercial & residential property and hotel business in India. Its core businesses include Retail, Office, Hotel and Asset Management.[1]
Business Segments1) Property & Related Services (79% in 9M FY25 vs 72% in FY23):[1][2]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | DLF | 709.35 | 45.49 | 175586.24 | 0.85 | 1180.09 | -27.08 | 1643.04 | -16.81 | 6.51 | 9016.03 | 22.47 | 3859.74 | 1007.10 | 4.08 | 7.30 | 0.04 |
| 2. | Lodha Developers | 1109.50 | 33.28 | 110797.03 | 0.38 | 789.80 | 86.50 | 3798.50 | 44.67 | 15.62 | 15597.50 | 29.61 | 3329.50 | 788.70 | 5.21 | 5.70 | 0.45 |
| 3. | Prestige Estates | 1659.20 | 93.36 | 71466.76 | 0.11 | 457.40 | 123.88 | 2431.70 | 5.52 | 7.66 | 7921.90 | 36.60 | 765.50 | 430.30 | 4.52 | 1.15 | 0.92 |
| 4. | Godrej Propert. | 2079.60 | 40.42 | 62638.87 | 0.00 | 402.99 | 20.84 | 740.38 | -32.28 | 6.57 | 4265.55 | -18.34 | 1549.83 | 405.08 | 3.42 | 2.67 | 0.89 |
| 5. | Phoenix Mills | 1734.10 | 218.00 | 62011.12 | 0.14 | 129.36 | -3.41 | 137.33 | 18.82 | 6.50 | 515.18 | 61.95 | 284.45 | 129.36 | 11.48 | 4.63 | 0.13 |
| 6. | Oberoi Realty | 1663.70 | 27.09 | 60492.50 | 0.48 | 760.26 | 28.98 | 1779.04 | 34.79 | 17.73 | 5327.81 | 56.59 | 2233.06 | 760.26 | 3.61 | 10.23 | 0.18 |
| 7. | Brigade Enterpr. | 891.55 | 27.40 | 21798.24 | 0.28 | 170.28 | 36.58 | 1383.37 | 29.03 | 13.34 | 5588.84 | 26.50 | 795.44 | 162.50 | 3.36 | 3.39 | 0.83 |
| – | Median: 95 Co. | 169.9 | 34.46 | 890.06 | 0.0 | 4.26 | 5.88 | 46.19 | 9.98 | 7.55 | 172.48 | 16.71 | 11.3 | 3.56 | 3.12 | 2.38 | 0.43 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 118 | 124 | 123 | 118 | 112 | 120 | 116 | 118 | 116 | 127 | 125 | 126 | 137 |
Expenses | 38 | 37 | 42 | 36 | 39 | 42 | 37 | 41 | 43 | 46 | 55 | 44 | 51 |
Operating Profit | 80 | 86 | 80 | 82 | 73 | 77 | 79 | 77 | 72 | 81 | 70 | 82 | 87 |
Other Income | 6 | 8 | 58 | 6 | 93 | 5 | 5 | 53 | 105 | 14 | 15 | 6 | 95 |
Profit before tax | 61 | 69 | 114 | 64 | 142 | 58 | 57 | 106 | 150 | 65 | 49 | 48 | 150 |
Tax % | 15% | 21% | 12% | 20% | 11% | 13% | 8% | 9% | 11% | 14% | -5% | 15% | 14% |
Net Profit | 52 | 54 | 101 | 51 | 126 | 50 | 53 | 96 | 134 | 56 | 52 | 41 | 129 |
EPS in Rs | 1.45 | 1.52 | 2.83 | 1.43 | 3.52 | 1.41 | 1.48 | 2.69 | 3.75 | 1.56 | 1.44 | 1.14 | 3.62 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 294 | 314 | 356 | 376 | 397 | 440 | 444 | 249 | 284 | 477 | 466 | 486 | 515 |
Expenses | 101 | 110 | 139 | 122 | 145 | 172 | 185 | 116 | 119 | 155 | 152 | 186 | 196 |
Operating Profit | 193 | 203 | 217 | 254 | 252 | 269 | 259 | 134 | 164 | 321 | 313 | 300 | 319 |
Other Income | 80 | 12 | 93 | 20 | 53 | 63 | 41 | 288 | 323 | 111 | 107 | 187 | 130 |
Interest | 44 | 71 | 69 | 81 | 75 | 78 | 76 | 62 | 64 | 66 | 65 | 73 | 71 |
Depreciation | 25 | 31 | 29 | 30 | 40 | 44 | 46 | 42 | 29 | 31 | 35 | 45 | 66 |
Profit before tax | 203 | 114 | 211 | 163 | 190 | 209 | 178 | 316 | 394 | 336 | 321 | 369 | 311 |
Net Profit | 153 | 62 | 150 | 134 | 155 | 173 | 148 | 292 | 370 | 290 | 280 | 337 | 277 |
EPS in Rs | 5.27 | 2.13 | 4.89 | 4.36 | 5.05 | 5.65 | 4.81 | 8.50 | 10.36 | 8.13 | 7.84 | 9.43 | 7.76 |
Dividend Payout % | 21% | 52% | 22% | 28% | 26% | 27% | 0% | 6% | 12% | 31% | 32% | 26% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 29 | 29 | 31 | 31 | 31 | 31 | 31 | 34 | 36 | 36 | 36 | 72 | 72 |
Reserves | 1,855 | 1,880 | 2,273 | 2,401 | 2,538 | 2,714 | 2,817 | 4,197 | 4,563 | 4,819 | 5,023 | 5,245 | 5,330 |
Borrowings | 501 | 654 | 821 | 751 | 717 | 797 | 846 | 682 | 867 | 654 | 720 | 749 | 719 |
Other Liabilities | 234 | 222 | 205 | 203 | 214 | 226 | 255 | 249 | 246 | 276 | 257 | 276 | 386 |
Total Liabilities | 2,619 | 2,785 | 3,330 | 3,386 | 3,500 | 3,768 | 3,949 | 5,163 | 5,711 | 5,785 | 6,036 | 6,342 | 6,506 |
Fixed Assets | 409 | 456 | 442 | 606 | 638 | 635 | 676 | 397 | 452 | 476 | 454 | 842 | 867 |
Gross Block | 575.22 | 653.88 | 669.82 | 862.27 | 934.60 | 974.84 | 1,061.40 | 1,026.96 | 838.48 | 891.38 | 896.63 | 1,329.67 | – |
Accumulated Depreciation | 165.93 | 198.06 | 227.39 | 256.50 | 296.81 | 339.79 | 385.63 | 629.65 | 386.13 | 415.36 | 442.86 | 487.22 | – |
CWIP | 123 | 136 | 150 | 143 | 107 | 107 | 115 | 11 | 95 | 198 | 371 | 617 | 677 |
Investments | 1,111 | 1,232 | 1,661 | 2,283 | 2,367 | 2,614 | 2,710 | 2,884 | 4,473 | 4,548 | 4,683 | 4,352 | 4,399 |
Other Assets | 976 | 962 | 1,076 | 354 | 388 | 413 | 448 | 1,870 | 692 | 563 | 528 | 531 | 563 |
Total Assets | 2,619 | 2,785 | 3,330 | 3,386 | 3,500 | 3,768 | 3,949 | 5,163 | 5,711 | 5,785 | 6,036 | 6,342 | 6,506 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 145 | 116 | 155 | 187 | 256 | 234 | 254 | 110 | 378 | 295 | 229 | 320 |
Cash from Investing Activity | -281 | -156 | -408 | -88 | -114 | -200 | -185 | -894 | -436 | -112 | -171 | -181 |
Cash from Financing Activity | 138 | 36 | 304 | -163 | -143 | -33 | -72 | 862 | 127 | -304 | -146 | -58 |
Net Cash Flow | 2 | -4 | 51 | -64 | -1 | 1 | -3 | 78 | 68 | -121 | -88 | 82 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 31 | 26 | 25 | 19 | 17 | 18 | 16 | 61 | 54 | 25 | 18 | 17 |
Inventory Days | – | – | – | – | – | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | 31 | 26 | 25 | 19 | 17 | 18 | 16 | 61 | 54 | 25 | 18 | 17 |
Working Capital Days | 21 | 71 | -41 | -81 | 67 | -68 | -157 | 1,259 | -298 | -10 | 44 | 48 |
ROCE % | 11% | 11% | 10% | 9% | 8% | 8% | 7% | 3% | 4% | 6% | 7% | 6% |
Direct from BSE filings, auto-summarised
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