Phoenix Mills Ltd.

NSE: PHOENIXLTD · Realty

₹2,154.90+1.36%06 Nov 2026

Ask the data

Instant answers about Phoenix Mills Ltd. — computed from its filings, no language model

Market cap₹77,076 cr

Current price₹2,154.90

High / Low₹2,155 / ₹1,477

P/E59.2

P/B8.47

Book value₹254.4

ROE14.3%

ROCE16.8%

Debt / equity0.67

Dividend yield0.12%

EPS (TTM)₹36.39

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,620	1,982	1,941	1,073	1,483	2,638	3,978	3,814	4,423
EBITDA	777	993	967	494	734	1,519	2,177	2,161	2,637
Operating margin	48.0%	50.1%	49.8%	46.0%	49.5%	57.6%	54.7%	56.7%	59.6%
Interest	348	351	348	348	294	341	396	403	387
Depreciation	198	204	208	209	186	228	270	327	360
Profit before tax	287	572	478	29	328	1,671	1,643	1,595	2,032
Tax	76	110	122	-5	80	199	317	294	475
Net profit	242	421	335	53	237	1,335	1,099	984	1,224
EPS ₹	15.82	27.48	21.82	3.20	13.31	74.76	61.36	27.53	34.23
Operating cash flow	—	—	—	—	781	1,356	2,162	2,084	2,426
Capex	—	—	—	—	39	1,826	1,674	2,617	1,397
Dividend paid	—	—	—	—	17	43	90	90	89
Total assets	8,497	10,116	10,547	11,391	14,335	17,589	19,283	21,531	22,853
Equity	2,852	3,474	3,708	5,039	6,582	8,380	9,458	10,448	10,989

Quarterly performance

last 34 quarters · ₹ crore

showing latest 8 of 34 periods

	MAR '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	437	405	440	723	615	415	512	399	135	215	338	386	204	371	425	495	574	651	684	729	811	875	986	1,306	904	918	975	1,016	953	1,115	1,121	1,233	1,075	1,153
Operating profit	216	198	222	377	293	211	259	204	70	94	159	173	76	186	230	241	323	381	384	431	492	506	552	627	531	518	553	560	564	667	656	750	642	710
Operating margin	49.5%	49.0%	50.5%	52.1%	47.6%	50.8%	50.7%	51.2%	52.2%	43.6%	47.0%	44.9%	37.3%	50.2%	54.2%	48.7%	56.2%	58.5%	56.2%	59.1%	60.7%	57.8%	56.0%	48.0%	58.7%	56.4%	56.7%	55.1%	59.2%	59.8%	58.5%	60.8%	59.7%	61.6%
Other income	14	18	17	33	15	19	13	10	13	14	15	50	12	16	22	24	23	32	35	26	29	32	34	37	38	37	30	45	32	31	47	61	40	36
Interest	84	92	92	83	87	88	89	84	87	94	86	81	72	75	69	78	74	83	87	97	96	96	104	100	103	103	103	94	95	92	102	97	94	103
Depreciation	51	51	52	51	51	51	51	55	50	54	53	52	48	48	46	44	50	56	57	65	63	66	66	76	77	78	81	90	93	91	86	89	96	94
Profit before tax	96	74	95	324	170	99	132	76	-54	-40	35	90	-32	79	138	143	779	274	276	343	363	375	416	489	388	374	415	418	407	515	490	620	492	550
Tax	1	18	17	51	23	35	36	28	-3	-2	-25	26	3	16	36	26	34	52	63	50	73	71	72	100	75	84	64	71	87	132	122	134	99	126
Net profit	93	62	71	228	130	66	92	47	-42	-36	65	66	-26	59	99	105	719	186	176	254	240	253	279	327	233	218	265	269	241	304	276	403	297	326
EPS ₹	6.05	4.05	4.62	14.91	8.50	4.29	5.99	3.04	-2.76	-2.21	4.18	3.99	-1.52	3.46	5.55	5.87	40.26	10.40	9.87	14.23	13.46	14.15	15.66	18.09	13.01	8.17	7.41	7.52	6.73	8.50	7.71	11.28	8.30	9.11
Revenue YoY	—	—	—	65.6%	—	2.6%	16.2%	-44.8%	-78.1%	-48.2%	-34.0%	-3.4%	51.6%	72.8%	25.8%	28.4%	181.2%	75.3%	60.9%	47.2%	41.1%	34.4%	44.2%	79.1%	11.5%	4.9%	-1.1%	-22.2%	5.4%	21.5%	15.0%	21.3%	12.8%	3.4%
Profit YoY	—	—	—	146.7%	—	6.0%	29.7%	-79.6%	-132.5%	-154.6%	-28.8%	40.3%	—	—	51.1%	60.0%	—	212.4%	78.4%	142.5%	-66.5%	36.0%	58.4%	28.6%	-3.3%	-13.7%	-5.2%	-17.7%	3.5%	39.4%	4.2%	50.0%	23.3%	7.1%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Phoenix Mills Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	88	116	177	198	271	295	315	356	376
Operating profit	62	75	126	140	179	193	203	240	254
Operating margin	70.9%	64.4%	71.3%	70.7%	66.0%	65.5%	64.4%	67.4%	67.5%
Other income	48	24	32	46	57	80	97	99	55
Interest	—	9	9	17	26	44	71	69	81
Depreciation	8	16	28	28	28	25	31	29	30
Profit before tax	97	74	122	141	181	203	114	213	163
Tax	19	15	30	36	47	51	52	62	29
Net profit	78	59	91	105	134	153	62	151	134

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	17	20	149	21	23	22	21	25	26	30	34	40	44	45	47	47	47	50	53	63	66	69	72	70	71	76	79	76	78	81	81	86	87	91	91	91	93	100	92	98	94	100
Operating profit	12	14	130	16	18	16	13	19	18	18	20	29	32	33	32	33	33	37	36	39	44	47	48	47	48	50	48	50	50	52	51	60	59	60	61	63	64	67	60	64	62	62
Operating margin	72.9%	71.2%	87.5%	75.1%	76.7%	70.3%	60.9%	76.2%	68.9%	58.7%	57.4%	72.6%	71.6%	72.6%	68.6%	70.3%	70.3%	73.9%	68.4%	63.0%	66.0%	68.3%	66.3%	68.0%	67.7%	65.8%	61.0%	65.9%	64.7%	63.5%	63.6%	69.2%	67.4%	66.3%	66.9%	68.8%	69.0%	66.8%	65.6%	65.2%	65.5%	61.9%
Other income	4	12	12	2	32	6	9	5	8	5	6	4	7	7	14	11	9	11	15	14	16	13	14	22	17	20	22	22	23	26	26	25	24	25	25	23	24	-1	9	6	38	3
Interest	—	3	0	—	2	1	2	1	1	3	4	3	3	2	0	1	3	6	7	6	7	7	7	7	10	15	13	13	18	21	19	17	16	18	18	20	23	22	17	20	20	18
Depreciation	2	2	2	2	2	2	2	2	3	5	6	7	7	7	7	7	7	7	7	7	7	7	7	7	7	6	7	8	7	8	8	7	7	7	8	7	7	8	8	9	10	10
Profit before tax	15	21	140	15	47	19	17	21	23	14	16	23	28	31	39	36	32	36	37	41	45	46	48	55	49	49	50	51	48	49	-34	61	59	60	32	59	58	0	44	42	71	37
Tax	7	4	6	4	8	4	3	5	5	4	0	5	6	7	12	9	8	9	9	11	12	12	12	14	12	11	14	16	12	11	14	16	15	15	16	14	12	-5	8	11	7	8
Net profit	8	17	134	11	39	15	14	15	18	10	16	18	22	24	27	27	24	27	27	31	33	34	36	42	37	38	36	35	36	38	-48	45	45	45	16	45	46	6	37	31	63	29
EPS ₹	4.49	6.43	9.91	0.81	2.73	1.02	0.97	1.06	1.21	0.70	1.08	1.26	1.53	1.64	1.88	1.88	1.65	1.86	1.89	2.11	2.28	2.36	2.49	2.89	2.52	2.61	2.51	2.43	2.52	2.63	-3.30	3.09	2.95	2.96	1.02	2.93	3.02	0.37	2.40	2.04	4.12	1.90
Revenue YoY	—	—	—	—	39.8%	9.4%	-85.6%	19.7%	12.6%	36.6%	60.9%	63.1%	68.0%	49.3%	35.7%	16.4%	6.9%	12.0%	13.5%	33.0%	40.2%	37.3%	35.9%	11.5%	6.4%	9.0%	9.0%	8.3%	10.1%	7.4%	2.7%	14.1%	11.6%	12.3%	13.2%	5.7%	6.9%	9.7%	0.5%	7.7%	1.7%	0.2%
Profit YoY	—	—	—	—	399.6%	-14.0%	-89.5%	39.0%	-54.6%	-30.9%	11.7%	19.1%	26.1%	133.3%	73.0%	49.1%	8.0%	13.2%	0.6%	12.3%	38.3%	26.9%	32.2%	36.7%	10.6%	10.8%	0.7%	-15.8%	-0.1%	0.7%	-231.8%	27.1%	22.3%	19.0%	—	0.3%	3.5%	-87.5%	127.2%	-30.5%	36.5%	414.5%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 30 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	14.2%	14.3%	14.9%	9.0%	4.4%	1.6%	0.9%	1.0%	1.4%	3.3%	3.9%	3.6%	14.9%	14.4%	15.4%	15.9%	10.2%	10.5%	11.6%	11.6%	11.5%	10.6%	10.4%	9.4%	9.5%	10.0%	10.1%	11.1%	11.6%	14.3%
ROCE	13.6%	13.9%	14.4%	10.6%	7.7%	6.0%	4.7%	4.2%	4.2%	5.3%	6.3%	5.9%	13.6%	13.7%	15.0%	15.9%	12.8%	13.0%	14.2%	14.5%	14.7%	14.2%	14.2%	13.2%	13.3%	13.6%	14.1%	14.9%	15.4%	16.8%
Net margin	22.5%	22.6%	22.8%	17.2%	11.1%	4.8%	3.1%	4.9%	6.0%	12.6%	14.3%	15.8%	52.6%	51.6%	49.3%	50.6%	29.8%	29.8%	30.2%	27.6%	26.8%	25.7%	25.4%	25.8%	25.7%	26.6%	25.9%	27.7%	28.2%	28.4%
EBITDA margin	49.9%	50.3%	50.3%	49.8%	51.0%	49.8%	48.5%	46.2%	43.9%	45.8%	48.1%	49.1%	52.6%	54.8%	55.3%	57.6%	58.7%	58.5%	58.2%	54.7%	54.4%	54.1%	54.3%	56.7%	56.8%	57.7%	58.2%	59.6%	59.7%	60.2%
Debt / equity	1.15	1.15	1.15	1.10	1.10	1.10	1.10	0.81	0.81	0.81	0.81	0.60	0.60	0.56	0.56	0.51	0.51	0.51	0.51	0.49	0.49	0.46	0.46	0.45	0.45	0.45	0.45	0.48	0.48	0.67
Interest coverage	2.88	2.97	3.10	2.37	1.73	1.32	1.05	1.09	1.16	1.55	1.93	2.11	4.85	5.38	5.56	5.90	4.46	4.61	4.81	5.15	5.14	5.07	5.08	4.96	5.08	5.57	5.77	6.25	6.49	6.42
Asset turnover	0.22	0.22	0.22	0.18	0.14	0.12	0.10	0.09	0.10	0.11	0.12	0.10	0.13	0.13	0.15	0.15	0.16	0.17	0.18	0.21	0.21	0.20	0.20	0.18	0.18	0.18	0.18	0.19	0.20	0.19

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 16 periods

	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	31	31	31	31	31	34	36	36	36	36	36	72	72	72	72	72
Other equity / reserves	1,997	2,119	2,821	3,443	3,678	5,003	6,547	7,642	8,344	8,795	9,422	9,918	10,377	10,719	10,917	9,028
Total equity	2,027	2,150	2,852	3,474	3,708	5,039	6,582	7,678	8,380	8,830	9,458	9,989	10,448	10,791	10,989	9,099
Borrowings	3,623	3,354	3,451	3,981	4,084	4,063	3,982	4,270	4,259	4,505	4,612	4,637	4,663	4,889	5,296	6,092
Current liabilities	1,216	1,124	1,560	1,802	1,939	2,007	2,041	2,059	2,579	2,573	2,245	2,259	2,368	2,857	2,429	3,880
Non-current liabilities	3,737	3,454	3,619	3,617	3,622	3,244	3,282	4,094	3,935	4,461	4,651	4,744	5,310	5,366	6,119	8,838
Total assets	7,459	7,008	8,497	10,116	10,547	11,391	14,335	16,492	17,589	18,664	19,283	20,255	21,531	22,812	22,853	23,979
Property, plant & equipment	4,351	4,171	5,294	6,149	6,080	1,315	1,240	1,598	1,809	1,962	2,213	2,219	2,280	2,223	2,283	2,234
Capital work-in-progress	195	328	503	896	1,534	—	—	2,598	2,295	1,870	1,503	1,896	3,143	3,575	3,879	3,468
Investments	161	410	829	745	590	576	2,317	1,535	1,282	1,827	1,725	1,888	1,465	1,925	1,490	1,980
Inventories	1,324	946	662	899	816	768	750	780	1,212	1,155	782	774	774	824	776	772
Receivables	279	147	129	—	—	—	—	265	238	350	270	243	230	315	317	267
Cash & equivalents	107	64	34	40	129	133	300	350	265	238	455	197	223	341	181	137

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	781	1,356	2,162	2,084	2,426
Cash from investing	-2,841	-1,536	-1,859	-2,162	-1,646
Cash from financing	2,228	137	-299	-47	-731
Capex	39	1,826	1,674	2,617	1,397
Free cash flow	742	-470	488	-534	1,029
Dividends paid	17	43	90	90	89

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹2,234 cr9%

CWIP

₹3,468 cr14%

Investments

₹1,980 cr8%

Inventories

₹772 cr3%

Receivables

₹267 cr1%

Cash & equivalents

₹137 cr1%

Other assets

₹15,121 cr63%

Peer comparison

largest in Realty · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
DLF Ltd.	1,86,365	752.90	40.8	4.09	10.0%
Lodha Developers Ltd.	1,17,829	1,179.00	27.1	4.66	17.2%
Phoenix Mills Ltd.	77,076	2,154.90	59.2	8.47	14.3%
Prestige Estates Projects Ltd.	70,161	1,629.00	75.2	4.21	5.6%
Oberoi Realty Ltd.	63,230	1,739.00	47.6	3.31	7.0%
Godrej Properties Ltd.	54,473	1,809.30	40.4	2.81	7.0%
Brigade Enterprises Ltd.	18,210	558.15	25.1	2.55	10.1%
Anant Raj Ltd.	16,032	445.45	26.8	2.65	9.9%
Sobha Ltd.	13,640	1,275.40	71.4	2.88	4.0%
Aditya Birla Real Estate Ltd.	11,933	1,068.40	15.7	2.61	16.6%

StoxGud checklist: Bullish setup · 7/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+16.8%

6 months+17.8%

1 year+26.2%

3Y CAGR+28.1%

5Y CAGR+31.4%

10Y CAGR+27.9%

50-day avg₹1,921.81

200-day avg₹1,830.48

RSI (14)81

Compare Phoenix Mills Ltd. with

DLF vs Phoenix Mills Lodha Developers vs Phoenix Mills Phoenix Mills vs Prestige Estates Projects Phoenix Mills vs Oberoi Realty Phoenix Mills vs Godrej Properties

FAQs

What is the share price of Phoenix Mills Ltd.?

Phoenix Mills Ltd. (PHOENIXLTD) closed at ₹2,154.90 on NSE on 06 Nov 2026.

What is the market cap of Phoenix Mills Ltd.?

₹77,076 crore at the latest close.

What is the P/E ratio of Phoenix Mills Ltd.?

59.2, on trailing-twelve-month earnings from its filings.

How fast is Phoenix Mills Ltd. growing?

Phoenix Mills Ltd.: revenue has compounded at 18.8% a year over three years; net profit at -2.9% a year. Latest-quarter revenue is up 3.4% year on year, profit up 7.1%.

How profitable is Phoenix Mills Ltd.?

On a trailing-twelve-month basis return on equity is 14.3%, return on capital employed 16.8%, operating margin 60.2%, net margin 28.4%.

How much debt does Phoenix Mills Ltd. have?

Phoenix Mills Ltd. is moderately geared: debt to equity is 0.67 with borrowings of ₹6,092 cr against cash of ₹137 cr (balance sheet of 2026-09-30). Operating profit covers interest 6.4 times.

Financials parsed from Phoenix Mills Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '16. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.