Phoenix Mills Ltd. (IN:PHOENIXLTD)
:PHOENIXLTD
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Phoenix Mills Ltd.
(PHOENIXLTD)
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Rating:64Neutral
Price Target:
₹1,680.00
▼(-11.68% 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
Revenue growth & margins
Consistent revenue growth combined with very strong gross and operating margins (high EBIT/EBITDA) indicates durable unit economics and pricing power in its retail-led, mixed-use portfolio. High margins support reinvestment, cushion against cyclical softness, and sustain long-term profitability trends.
Negative Factors
High capital expenditures
Sustained heavy capex driving negative free cash flow can erode liquidity and force reliance on external financing or asset monetization. Over a 2-6 month horizon this raises risk around funding development pipelines and meeting short-term obligations if operating cash growth stalls or financing conditions tighten.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth & margins
Consistent revenue growth combined with very strong gross and operating margins (high EBIT/EBITDA) indicates durable unit economics and pricing power in its retail-led, mixed-use portfolio. High margins support reinvestment, cushion against cyclical softness, and sustain long-term profitability trends.
Read all positive factors
Phoenix Mills Ltd. (PHOENIXLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹561.47B
Dividend Yield0.14%
Average Volume (3M)16.97K
Price to Earnings (P/E)60.1
Beta (1Y)1.58
Revenue Growth-1.32%
EPS Growth-4.67%
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)36.08
Revenue Forecast (FY)₹44.69B
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
Negative
1902.15
Price Trends
1690.65
Negative
1735.30
Negative
1646.65
Negative
Market Momentum
-47.67
Positive
44.35
Neutral
29.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PHOENIXLTD, the sentiment is Negative. The current price of 1902.15 is above the 20-day moving average (MA) of 1594.96, above the 50-day MA of 1690.65, and above the 200-day MA of 1646.65, indicating a bearish trend. The MACD of -47.67 indicates Positive momentum. The RSI at 44.35 is Neutral, neither overbought nor oversold. The STOCH value of 29.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | ₹408.17B | 27.07 | ― | 5.36% | 9.73% | -86.38% | |
74 Outperform | ₹301.31B | 40.17 | ― | 0.00% | 14.72% | -4.44% | |
68 Neutral | ₹544.97B | 24.40 | ― | 0.48% | 2.76% | -3.84% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | ₹561.47B | 60.08 | ― | 0.14% | -1.32% | -4.67% | |
59 Neutral | ₹471.31B | 77.34 | ― | ― | 37.14% | 3.92% | |
54 Neutral | ₹528.83B | 77.12 | ― | 0.11% | -2.28% | 5.18% |
* Real Estate Sector Average
IN:PHOENIXLTD
Phoenix Mills Ltd.
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-89.88
-5.42%
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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...
Phoenix Mills Publishes Notices on Special Window for Physical Share Transfer Requests
Jan 5, 2026
The Phoenix Mills Limited has notified the stock exchanges that it has published newspaper advertisements in Business Standard (English) and Navshakti (Marathi) regarding a special window for re-lodgement of transfer requests of physical shares. T...
Phoenix Mills Closes Trading Window Ahead of December Quarter Results
Dec 30, 2025
The Phoenix Mills Limited has announced that it will close its trading window for designated persons from January 1, 2026 until 48 hours after the declaration of its financial results for the quarter and nine months ended December 31, 2025, in lin...
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.