Phoenix Mills Ltd

About [ edit ]

Phoenix Mills is engaged in the business of operation and management of mall, construction of commercial and residential property and hotel business in India.

  • Market Cap 13,024 Cr.
  • Current Price 758
  • High / Low 889 / 465
  • Stock P/E 385
  • Book Value 275
  • Dividend Yield 0.00 %
  • ROCE 10.3 %
  • ROE 9.10 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 48.80% CAGR over last 5 years

Cons

  • Stock is trading at 2.76 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 3.39% over past five years.
  • Company has a low return on equity of 10.12% for last 3 years.
  • Promoter holding has decreased over last 3 years: -17.31%

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
437 413 405 440 723 615 415 512 399 135 215 338
220 218 207 218 346 322 204 252 195 64 123 179
Operating Profit 216 195 198 222 377 293 211 259 204 70 92 159
OPM % 50% 47% 49% 51% 52% 48% 51% 51% 51% 52% 43% 47%
Other Income 14 17 18 17 81 15 27 13 10 13 14 15
Interest 84 85 92 92 83 87 88 89 84 87 94 86
Depreciation 51 50 51 52 51 51 51 51 55 50 54 53
Profit before tax 96 78 74 95 324 170 99 132 76 -54 -42 35
Tax % 1% 30% 24% 18% 16% 14% 35% 27% 37% 6% 6% -71%
Net Profit 93 60 67 71 228 130 66 92 47 -42 -36 65
EPS in Rs 6.06 3.90 4.35 4.62 14.90 8.50 4.29 5.99 3.04 -2.76 -2.09 3.81

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
100 123 210 394 466 1,441 1,639 1,769 1,817 1,614 1,977 1,936 1,087
39 46 69 183 205 763 896 985 965 835 983 969 562
Operating Profit 60 78 141 212 261 679 743 783 852 779 994 967 525
OPM % 60% 63% 67% 54% 56% 47% 45% 44% 47% 48% 50% 50% 48%
Other Income 50 24 29 45 54 48 -43 -4 43 56 133 66 53
Interest 6 9 23 95 143 345 396 443 424 349 351 348 351
Depreciation 9 17 31 56 47 105 168 177 195 198 204 208 212
Profit before tax 96 76 115 105 124 275 136 159 276 287 572 478 15
Tax % 20% 19% 28% 18% 34% 33% 36% 48% 31% 26% 19% 26%
Net Profit 77 62 84 106 84 128 35 129 168 242 421 335 34
EPS in Rs 5.30 4.28 5.81 7.29 5.81 8.87 2.44 8.43 10.97 15.83 27.47 21.81 2.00
Dividend Payout % 19% 28% 31% 27% 38% 25% 90% 26% 22% 16% 11% -0%
Compounded Sales Growth
10 Years:32%
5 Years:3%
3 Years:2%
TTM:-52%
Compounded Profit Growth
10 Years:18%
5 Years:49%
3 Years:24%
TTM:-93%
Stock Price CAGR
10 Years:14%
5 Years:19%
3 Years:7%
1 Year:42%
Return on Equity
10 Years:8%
5 Years:9%
3 Years:10%
Last Year:9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
29 29 29 29 29 29 29 31 31 31 31 31 34
Reserves 1,486 1,576 1,641 1,682 1,740 1,695 1,645 1,997 2,119 2,821 3,443 3,678 4,688
Borrowings 545 661 962 1,668 2,196 3,406 3,402 3,889 3,626 3,666 4,244 4,332 3,739
370 416 506 734 1,046 1,630 1,565 1,507 1,233 1,979 2,398 2,505 2,950
Total Liabilities 2,430 2,682 3,138 4,113 5,011 6,760 6,641 7,424 7,008 8,497 10,116 10,545 11,411
442 732 793 1,188 2,784 4,170 4,130 4,548 4,500 5,668 6,522 6,453 6,921
CWIP 900 914 1,100 1,359 167 235 214 195 328 503 896 1,534 1,111
Investments 452 560 479 487 555 354 200 161 410 829 745 590 884
635 476 766 1,079 1,505 2,001 2,097 2,520 1,770 1,498 1,952 1,968 2,495
Total Assets 2,430 2,682 3,138 4,113 5,011 6,760 6,641 7,424 7,008 8,497 10,116 10,545 11,411

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
51 118 94 382 24 377 564 497 1,419 1,514 350 780
-135 -315 -242 -848 -470 -1,246 -102 -377 -354 -1,825 -1,394 -403
272 73 184 485 399 886 -455 -71 -1,108 277 1,053 -287
Net Cash Flow 189 -124 35 19 -47 17 7 50 -43 -33 9 90

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 4% 4% 6% 7% 7% 13% 12% 12% 12% 10% 12% 10%
Debtor Days 129 128 167 57 66 50 49 57 30 29 36 38
Inventory Turnover 16.80 16.22 0.19 0.49 -0.87 0.03 0.13 0.04 0.15 0.17 -0.09 0.29

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
62.81 62.80 62.77 62.76 62.75 59.16 59.14 59.11 59.11 45.56 45.53 45.51
28.79 27.90 27.93 26.34 26.88 26.29 27.53 25.74 25.74 33.91 33.45 34.30
3.07 4.22 4.34 5.70 6.14 7.02 9.18 10.88 11.40 16.28 17.38 16.54
5.33 5.08 4.96 5.19 4.23 7.53 4.15 4.26 3.74 4.25 3.63 3.65

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