Phoenix Mills Ltd
Phoenix Mills Ltd is engaged in the operation & management of malls, construction of commercial & residential property and hotel business in India. India's leading retail mall developer and operator with approximately 0.64 million square meters of retail space spread across 9 malls in 6 gateway cities of India. It has developed over 2.11 million square meters
- Market Cap ₹ 49,797 Cr.
- Current Price ₹ 2,783
- High / Low ₹ 2,972 / 1,262
- Stock P/E 50.3
- Book Value ₹ 494
- Dividend Yield 0.18 %
- ROCE 9.94 %
- ROE 11.4 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 29.9% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 18.6%
- Debtor days have improved from 72.3 to 33.2 days.
- Company's working capital requirements have reduced from 72.4 days to 31.6 days
Cons
- Stock is trading at 5.63 times its book value
- The company has delivered a poor sales growth of 10.1% over past five years.
- Company has a low return on equity of 6.48% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Realty Industry: Construction
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
394 | 466 | 1,441 | 1,639 | 1,769 | 1,817 | 1,614 | 1,977 | 1,936 | 1,040 | 1,460 | 2,616 | 3,401 | |
184 | 202 | 762 | 877 | 978 | 961 | 830 | 975 | 963 | 539 | 725 | 1,096 | 1,420 | |
Operating Profit | 210 | 263 | 679 | 762 | 790 | 856 | 784 | 1,001 | 973 | 501 | 735 | 1,520 | 1,981 |
OPM % | 53% | 57% | 47% | 47% | 45% | 47% | 49% | 51% | 50% | 48% | 50% | 58% | 58% |
46 | 51 | 47 | -63 | -11 | 39 | 50 | 125 | 60 | 86 | 74 | 721 | 169 | |
Interest | 95 | 143 | 345 | 396 | 443 | 424 | 349 | 351 | 348 | 348 | 295 | 342 | 393 |
Depreciation | 56 | 47 | 105 | 168 | 177 | 195 | 198 | 204 | 208 | 209 | 186 | 228 | 259 |
Profit before tax | 105 | 124 | 275 | 136 | 159 | 276 | 287 | 572 | 478 | 29 | 328 | 1,671 | 1,497 |
Tax % | 18% | 34% | 33% | 36% | 48% | 31% | 26% | 19% | 26% | -16% | 24% | 12% | |
96 | 82 | 182 | 91 | 84 | 191 | 256 | 497 | 388 | 48 | 268 | 1,478 | 1,233 | |
EPS in Rs | 7.29 | 5.81 | 8.87 | 2.44 | 8.43 | 10.97 | 15.83 | 27.47 | 21.81 | 3.35 | 13.30 | 74.74 | 57.47 |
Dividend Payout % | 27% | 38% | 25% | 90% | 26% | 22% | 16% | 11% | 0% | 31% | 18% | 7% |
Compounded Sales Growth | |
---|---|
10 Years: | 19% |
5 Years: | 10% |
3 Years: | 11% |
TTM: | 41% |
Compounded Profit Growth | |
---|---|
10 Years: | 27% |
5 Years: | 30% |
3 Years: | 38% |
TTM: | 46% |
Stock Price CAGR | |
---|---|
10 Years: | 27% |
5 Years: | 33% |
3 Years: | 53% |
1 Year: | 108% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 8% |
3 Years: | 6% |
Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 29 | 29 | 29 | 29 | 31 | 31 | 31 | 31 | 31 | 36 | 36 | 36 | 36 |
Reserves | 1,682 | 1,740 | 1,695 | 1,645 | 1,997 | 2,119 | 2,821 | 3,443 | 3,678 | 5,003 | 6,547 | 8,344 | 8,795 |
1,668 | 2,196 | 3,406 | 3,402 | 3,889 | 3,626 | 3,666 | 4,244 | 4,308 | 4,063 | 3,982 | 4,259 | 4,505 | |
734 | 1,046 | 1,630 | 1,565 | 1,507 | 1,233 | 1,979 | 2,398 | 2,528 | 2,288 | 3,765 | 4,787 | 5,328 | |
Total Liabilities | 4,113 | 5,011 | 6,760 | 6,641 | 7,424 | 7,008 | 8,497 | 10,116 | 10,545 | 11,389 | 14,330 | 17,426 | 18,664 |
1,188 | 2,784 | 4,170 | 4,130 | 4,548 | 4,500 | 5,668 | 6,522 | 6,453 | 7,207 | 7,508 | 10,964 | 11,807 | |
CWIP | 1,359 | 167 | 235 | 214 | 195 | 328 | 503 | 896 | 1,534 | 1,274 | 2,049 | 2,295 | 1,870 |
Investments | 487 | 555 | 354 | 200 | 161 | 410 | 829 | 745 | 590 | 576 | 2,317 | 1,282 | 1,827 |
1,079 | 1,505 | 2,001 | 2,097 | 2,520 | 1,770 | 1,498 | 1,952 | 1,968 | 2,333 | 2,456 | 2,884 | 3,160 | |
Total Assets | 4,113 | 5,011 | 6,760 | 6,641 | 7,424 | 7,008 | 8,497 | 10,116 | 10,545 | 11,389 | 14,330 | 17,426 | 18,664 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
382 | 24 | 377 | 564 | 497 | 1,419 | 1,514 | 350 | 739 | 432 | 781 | 1,356 | |
-848 | -470 | -1,246 | -102 | -377 | -354 | -1,825 | -1,394 | -362 | -950 | -2,841 | -1,528 | |
485 | 399 | 886 | -455 | -71 | -1,108 | 277 | 1,053 | -287 | 522 | 2,228 | 137 | |
Net Cash Flow | 19 | -47 | 17 | 7 | 50 | -43 | -33 | 9 | 90 | 3 | 167 | -35 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 57 | 66 | 50 | 49 | 57 | 30 | 29 | 36 | 38 | 114 | 70 | 33 |
Inventory Days | 2,511 | |||||||||||
Days Payable | 687 | |||||||||||
Cash Conversion Cycle | 1,881 | 66 | 50 | 49 | 57 | 30 | 29 | 36 | 38 | 114 | 70 | 33 |
Working Capital Days | -22 | 148 | 142 | 141 | 184 | 90 | -93 | 25 | 34 | 135 | 50 | 32 |
ROCE % | 6% | 6% | 12% | 11% | 11% | 11% | 10% | 11% | 9% | 4% | 5% | 10% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 22 Mar
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 21 Mar
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 21 Mar
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 21 Mar
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 21 Mar
Annual reports
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Segment Wise Revenue in FY23[1]
Property & Related Services - 81%
Hospitality Services - 19%