Phoenix Mills Ltd. (IN:PHOENIXLTD)
:PHOENIXLTD
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Phoenix Mills Ltd.
(PHOENIXLTD)
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Rating:64Neutral
Price Target:
₹1,664.00
▼(-12.52% Downside)
Action:ReiteratedDate:11/04/25
Phoenix Mills Ltd. demonstrates strong financial performance with solid revenue growth and profit margins, but recent volatility and high capital expenditures pose risks. The technical analysis shows a strong upward trend, though the stock is nearing overbought levels. Valuation metrics suggest the stock may be overvalued, with a high P/E ratio and low dividend yield.
Positive Factors
Recurring, diversified rental-led revenue
Phoenix Mills’ core model is long-term leasing and mixed-use monetization, producing predictable, recurring cash flows. Diversified income from retail rents, commercial leases and mall operations smooths volatility, aligns landlord/tenant incentives via revenue-share, and supports stable cash generation over cycles.
Negative Factors
Rising total liabilities and debt risk
Growing total liabilities and higher debt concentrations increase interest and refinancing exposure over the medium term. If retail consumption weakens or project cash flows take longer to ramp, elevated liabilities could constrain capex, reduce buffer for downturns and limit strategic optionality for new developments.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring, diversified rental-led revenue
Phoenix Mills’ core model is long-term leasing and mixed-use monetization, producing predictable, recurring cash flows. Diversified income from retail rents, commercial leases and mall operations smooths volatility, aligns landlord/tenant incentives via revenue-share, and supports stable cash generation over cycles.
Read all positive factors
Phoenix Mills Ltd. (PHOENIXLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹635.96B
Dividend Yield0.14%
Average Volume (3M)16.97K
Price to Earnings (P/E)60.1
Beta (1Y)1.67
Revenue Growth2.50%
EPS Growth-2.43%
CountryIN
Employees101
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)7.95
Shares Outstanding357,634,640
10 Day Avg. Volume22,730
30 Day Avg. Volume16,973
Financial Highlights & Ratios
PEG Ratio-5.60
Price to Book (P/B)5.48
Price to Sales (P/S)15.04
P/FCF Ratio-107.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)44.84
Revenue Forecast (FY)₹50.74B
Phoenix Mills Ltd. Business Overview & Revenue Model
Company Description
The Phoenix Mills Limited engages in the operation and management of malls, construction of commercial and residential properties, and hotel business in India. The company operates in two segments, Property and Related Services, and Hospitality. I...
How the Company Makes Money
Phoenix Mills primarily monetizes its real estate portfolio through (1) leasing and licensing income from retail tenants in its malls and mixed-use developments, typically structured as fixed rentals and/or revenue-share arrangements linked to ten...
Phoenix Mills Ltd. Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 40.60B | 38.07B | 39.71B | 26.38B | 14.83B | 10.45B |
| Gross Profit | 30.12B | 26.57B | 26.26B | 19.34B | 9.81B | 5.96B |
| EBITDA | 23.44B | 21.81B | 21.99B | 15.30B | 7.43B | 5.10B |
| Net Income | 10.78B | 9.84B | 10.99B | 13.35B | 2.37B | 576.32M |
Balance Sheet | ||||||
| Total Assets | 228.12B | 215.31B | 192.83B | 175.89B | 143.35B | 114.55B |
| Cash, Cash Equivalents and Short-Term Investments | 22.91B | 14.97B | 20.81B | 17.29B | 24.33B | 6.11B |
| Total Debt | 49.10B | 46.87B | 46.39B | 42.59B | 39.82B | 40.63B |
| Total Liabilities | 82.23B | 76.79B | 68.96B | 65.13B | 53.23B | 52.51B |
| Stockholders Equity | 107.91B | 104.48B | 94.58B | 83.80B | 65.82B | 48.85B |
Cash Flow | ||||||
| Free Cash Flow | 12.31B | -5.34B | 4.88B | -4.70B | 7.42B | -3.08B |
| Operating Cash Flow | 12.31B | 20.84B | 21.62B | 13.56B | 7.81B | 4.37B |
| Investing Cash Flow | -12.07B | -21.62B | -18.59B | -15.36B | -28.41B | -9.55B |
| Financing Cash Flow | 729.51M | -472.72M | -2.99B | 1.32B | 22.28B | 5.22B |
Phoenix Mills Ltd. Technical Analysis
Positive
1902.15
Price Trends
1657.24
Positive
1724.58
Positive
1649.61
Positive
Market Momentum
40.34
Negative
67.44
Neutral
94.04
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PHOENIXLTD, the sentiment is Positive. The current price of 1902.15 is above the 20-day moving average (MA) of 1618.90, above the 50-day MA of 1657.24, and above the 200-day MA of 1649.61, indicating a bullish trend. The MACD of 40.34 indicates Negative momentum. The RSI at 67.44 is Neutral, neither overbought nor oversold. The STOCH value of 94.04 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:PHOENIXLTD.
Phoenix Mills Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹410.49B | 27.07 | ― | 5.36% | 12.15% | -75.56% | |
74 Outperform | ₹304.98B | 40.17 | ― | 0.00% | 18.88% | 3.82% | |
68 Neutral | ₹613.82B | 24.40 | ― | 0.48% | -2.16% | -13.29% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | ₹635.96B | 60.08 | ― | 0.14% | 2.50% | -2.43% | |
59 Neutral | ₹532.61B | 77.34 | ― | ― | 18.38% | -1.91% | |
52 Neutral | ₹590.98B | 77.12 | ― | 0.11% | 27.00% | 56.39% |
* Real Estate Sector Average
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Phoenix Mills Ltd. Corporate Events
Phoenix Mills Concludes Earnings Call on Q3 and Nine-Month FY26 Results
Jan 29, 2026
The Phoenix Mills Limited has informed the stock exchanges that it concluded an earnings conference call with analysts and institutional investors on January 29, 2026, to discuss its unaudited standalone and consolidated financial results for the ...
Phoenix Mills Sets Board Meet and Earnings Call for Q3 and Nine-Month FY26 Results
Jan 22, 2026
Phoenix Mills Ltd. has announced that its board will meet on January 28, 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, with the results to be relea...
Phoenix Mills Posts Broad-Based Growth in Retail, Offices, Hospitality and Housing in Q3 FY26
Jan 9, 2026
The Phoenix Mills Limited reported a strong operational performance for the quarter and nine months ended December 31, 2025, with double-digit growth across key business segments. Retail portfolio consumption reached about Rs 4,787 crore in the th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.