Phoenix Mills Ltd. (PHOENIXLTD) AI Stock Analysis

• Market Cap: ₹564.60B
• Dividend Yield: 0.15%
• Average Volume (3M): 25.27K
• Price to Earnings (P/E): 54.5
• Beta (1Y): 1.59
• Revenue Growth: -5.13%
• EPS Growth: -2.32%
• Country: IN
• Employees: 101
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Diversified
• EPS (TTM): 6.70
• Shares Outstanding: 357,555,970
• 10 Day Avg. Volume: 11,175
• 30 Day Avg. Volume: 25,274
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,727.57
• Price Target Upside: 9.41% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 61 Neutral
• Price Target: ₹1,595.00 ▲(1.01% Upside)

Phoenix Mills Ltd. scores a 61, driven by strong financial performance with solid revenue growth and profit margins, though recent volatility and high capital expenditures are concerns. Technical analysis shows moderate bullish momentum, but valuation indicates the stock may be overvalued. The absence of earnings call and corporate events data limits further insights.

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. Its real estate asset portfolio consists of retail mall, commercial office, residential, and hospitality projects located in Mumbai, Chennai, Bengaluru, Pune, Kolkata, Lucknow, Bareilly, Agra, Ahmedabad, and Indore. The company owns and operates hotels under The St. Regis name with 395 keys and ten restaurants in Mumbai; and Courtyard by Marriott brand name with 193 keys and four restaurants in Agra. It operates malls primarily under the Phoenix MarketCity, Phoenix Palladium, Phoenix United, and Phoenix Palassio brand names. The Phoenix Mills Limited was incorporated in 1905 and is based in Mumbai, India.

How the Company Makes Money

Phoenix Mills Ltd. primarily generates revenue through the leasing and management of retail and commercial spaces within its properties. The company earns rental income from leasing retail spaces to a diverse array of tenants, including international and domestic retail brands, food and beverage outlets, and entertainment providers. Additional revenue streams include income from property management services and parking facilities. Phoenix Mills Ltd. also benefits from strategic partnerships and collaborations with retailers and other stakeholders, which enhance the value and attractiveness of its properties, thereby driving occupancy rates and rental yields.

Phoenix Mills Ltd. Financial Statement Overview

Summary

Phoenix Mills Ltd. exhibits strong revenue growth and robust profit margins, supported by a stable balance sheet with improving leverage ratios. However, recent revenue declines and net income fluctuations, along with rising liabilities and high capital expenditures, could pose risks to financial stability.

Income Statement

Phoenix Mills Ltd. has demonstrated strong revenue growth over the years, with total revenue increasing from 2021 to 2024. The company has maintained a robust gross profit margin, averaging around 80-100%, indicating efficient cost management. However, recent declines in revenue from 2024 to 2025 and fluctuating net income suggest potential volatility. The high EBIT and EBITDA margins further highlight strong operational performance, although the dip in net profit margin in the latest period is a concern.

Balance Sheet

The balance sheet shows a stable equity position, with stockholders' equity increasing consistently over the years. The debt-to-equity ratio has improved, indicating better leverage management. While the equity ratio remains healthy, the increasing total liabilities, particularly debt levels, pose a risk. The company demonstrates a satisfactory return on equity, although recent net income fluctuations could impact future performance.

Cash Flow

Phoenix Mills Ltd. has shown strong operating cash flows, often exceeding net income, demonstrating good cash generation capabilities. However, recent negative free cash flow suggests high capital expenditures, which could pressure liquidity if not managed well. The decline in free cash flow growth from the previous year indicates potential cash flow constraints.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	38.14B	38.14B	39.78B	26.01B	14.83B	10.08B
Gross Profit	33.35B	38.14B	33.00B	19.34B	12.92B	9.21B
EBITDA	23.25B	23.25B	23.09B	22.41B	8.09B	5.87B
Net Income	9.84B	9.84B	10.99B	13.35B	2.37B	576.32M
Balance Sheet
Total Assets	215.31B	215.31B	192.83B	175.89B	143.35B	114.55B
Cash, Cash Equivalents and Short-Term Investments	16.07B	14.97B	20.81B	17.29B	24.33B	6.11B
Total Debt	38.47B	38.47B	46.39B	42.59B	39.82B	40.63B
Total Liabilities	76.79B	76.79B	68.96B	65.13B	53.23B	52.51B
Stockholders Equity	104.48B	104.48B	94.58B	83.80B	65.82B	48.85B
Cash Flow
Free Cash Flow	-4.87B	-5.34B	4.88B	-4.70B	7.42B	-3.08B
Operating Cash Flow	7.88B	20.84B	21.62B	13.56B	7.81B	4.37B
Investing Cash Flow	-9.85B	-21.62B	-18.59B	-15.36B	-28.41B	-9.55B
Financing Cash Flow	486.58M	-472.72M	-2.99B	1.32B	22.28B	5.22B

Phoenix Mills Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1579.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PHOENIXLTD, the sentiment is Neutral. The current price of 1579.05 is above the 20-day moving average (MA) of 1566.42, above the 50-day MA of 1519.14, and below the 200-day MA of 1581.06, indicating a neutral trend. The MACD of 23.91 indicates Positive momentum. The RSI at 50.12 is Neutral, neither overbought nor oversold. The STOCH value of 41.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:PHOENIXLTD.

Phoenix Mills Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EMBASSY	73 Outperform	384.00B	24.22	7.14%	5.70%	10.41%	76.16%
MINDSPACE	66 Neutral	271.39B	52.41	3.39%	―	9.83%	-4.94%
OBEROIRLTY	66 Neutral	588.98B	29.39	14.17%	0.49%	-4.15%	-5.81%
GODREJPROP	62 Neutral	608.12B	39.97	8.09%	―	45.90%	25.36%
PHOENIXLTD	61 Neutral	₹564.60B	54.46	―	0.15%	-5.13%	-2.32%
PRESTIGE	54 Neutral	677.67B	128.56	3.03%	0.12%	-13.75%	-62.65%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Phoenix Mills Ltd. Corporate Events

Phoenix Mills Expands into Renewable Energy with Strategic Acquisition

Phoenix Mills Ltd. announced that its subsidiary, Pallazzio Hotels & Leisure Limited, has acquired a 45% equity stake in O2 Renewable Energy XXX Private Limited. This acquisition, involving equity shares and convertible debentures, is part of a strategic move to secure renewable energy for its operations, reflecting the company’s commitment to sustainable energy solutions and potentially enhancing its market position in the renewable energy sector.

Phoenix Mills Engages with Investors at Antique Conference

Phoenix Mills Ltd. participated in the Antique Investor Conference in Mumbai, engaging with institutional investors and analysts. The company provided updates on its business operations and industry trends, which could enhance its visibility and investor relations, potentially impacting its market positioning positively.

Phoenix Mills Ltd. to Engage with Investors at Upcoming Conference

Phoenix Mills Ltd. has announced its participation in the Antique Investor Conference, organized by Antique Stock Broking Limited, to be held on August 22, 2025, in Mumbai. This meeting, which will include one-on-one and group interactions, signifies the company’s ongoing efforts to engage with institutional investors, potentially impacting its market positioning and investor relations.