Phoenix Mills Ltd

NSE: PHOENIXLTD BSE: 503100

₹2079

(0.15%)

Mon, 27 Jul 2026, 02:25 pm

Market Cap (in Cr)74199.67

PE Ratio60.74

Dividend0.12

Finance

Real Estate Development

24.5K

Phoenix Mills Analysis

Pros

Dividends per share have increased over the past 10 years.
Dividends paid are thoroughly covered by earnings (11.2x coverage).
Dividends after 3 years are expected to be thoroughly covered by earnings (10.7x coverage).

Cons

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
Phoenix Mills's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.76%).
Phoenix Mills's dividend is below the markets top 25% of dividend payers in India (3.08%).

Pros

Cash flow for Phoenix Mills is expected to increase by more than 50% in 2 years time.
Performance (ROE) is expected to be above the current IN Real Estate industry average.

Cons

Phoenix Mills's earnings are expected to grow by 1.2% yearly, however this is not considered high growth (20% yearly).
Phoenix Mills's earnings growth is positive but not above the India market average.
Phoenix Mills's earnings growth is positive but not above the low risk savings rate of 7.2%.
Phoenix Mills's earnings are expected to decrease over the next year.
Phoenix Mills's earnings are expected to decrease over the next 3 years.
Phoenix Mills's net income is expected to decrease over the next 2 years.
Phoenix Mills is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
A decline in Phoenix Mills's performance (ROE) is expected over the next 3 years.
Phoenix Mills's revenue is expected to decrease over the next 2 years.
Phoenix Mills's revenue is expected to grow by 6.5% yearly, however this is not considered high growth (20% yearly).
Phoenix Mills's revenue growth is positive but not above the India market average.

Pros

Phoenix Mills is profitable, therefore cash runway is not a concern.
Phoenix Mills is profitable, therefore cash runway is not a concern.
The level of debt compared to net worth has been reduced over the past 5 years (121.5% vs 83.5% today).
Interest payments on debt are well covered by earnings (EBIT is 3.2x coverage).

Cons

Phoenix Mills's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Debt is not well covered by operating cash flow (5.1%, less than 20% of total debt).
Debt is not covered by short term assets, assets are 0.4x debt.
Phoenix Mills's long term commitments exceed its cash and other short term assets.
Phoenix Mills's level of debt (83.5%) compared to net worth is high (greater than 40%).
High level of physical assets or inventory.

Pros

The tenure for the Phoenix Mills board of directors is about average.
Shishir's remuneration is lower than average for companies of similar size in India.
Shishir's compensation has been consistent with company performance over the past year, both up more than 20%.
The average tenure for the Phoenix Mills management team is over 5 years, this suggests they are a seasoned and experienced team.

Cons

Pros

Cons

Pros

Phoenix Mills's 1-year earnings growth exceeds its 5-year average (81.1% vs 45.6%)
Phoenix Mills has delivered over 20% year on year earnings growth in the past 5 years.
Phoenix Mills used its assets more efficiently than the IN Real Estate industry average last year based on Return on Assets.
Phoenix Mills has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Phoenix Mills's earnings growth has exceeded the IN Real Estate industry average in the past year (81.1% vs 9.7%).

Cons

Phoenix Mills has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).

Pros

503100 outperformed the Real Estate industry which returned -24.3% over the past year.
503100 outperformed the Market in India which returned -14.5% over the past year.
BSE:503100 is up 12% outperforming the market in India which returned 8% over the past month.

Cons

Phoenix Mills's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
Phoenix Mills's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
Phoenix Mills is overvalued based on assets compared to the IN Real Estate industry average.
Phoenix Mills is poor value based on expected growth next year.
Phoenix Mills is overvalued based on earnings compared to the IN Real Estate industry average.
Phoenix Mills is overvalued based on earnings compared to the India market.
BSE:503100 is up 12% underperforming the Real Estate industry which returned 13.9% over the past month.