Phoenix Mills Ltd

About Phoenix Mills Ltd

Phoenix Mills Ltd. is a leading Indian real estate developer, primarily known for its Phoenix MarketCity malls and premium commercial and residential properties. It operates across the retail, commercial, hospitality, and residential segments, establishing itself as a prominent player in urban mixed-use developments and integrated developments across major Indian cities.

Key Financial Ratios of Phoenix Mills Ltd

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Phoenix Mills Ltd's P/E ratio (TTM) is 57.30, compared to the industry median of 9.06 and large cap median of 62.78.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Phoenix Mills Ltd's P/B ratio is 5.72, compared to the industry median of 1.30 and large cap median of 5.72.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Phoenix Mills Ltd's P/S ratio is 16.25, compared to the industry median of 1.06 and large cap median of 16.25.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Phoenix Mills Ltd's PEG ratio is 2.69.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Phoenix Mills Ltd's EV/EBITDA ratio is 27.97.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Phoenix Mills Ltd's ROE is 14.17%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Phoenix Mills Ltd's ROA is 11.54%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Phoenix Mills Ltd's ROCE is 13%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Phoenix Mills Ltd's operating margin is 59.62%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. Phoenix Mills Ltd's net margin is 35.20%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Phoenix Mills Ltd's current ratio is 0.38.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Phoenix Mills Ltd's debt-to-equity ratio is 0.43.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Phoenix Mills Ltd's interest coverage ratio is 6.25.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Phoenix Mills Ltd's DPS is ₹2.40.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Phoenix Mills Ltd's EPS is 24.30.

(Source line: "Ratios as of 23 Jun 2026, based on last traded price of ₹1728.30. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 1905 (as The Phoenix Mills Limited)

• Headquarters: Mumbai, Maharashtra

• Core Offerings: Retail (Malls), Commercial (Offices), Hospitality (Hotels), Residential

• Stock Listing: NSE (PHOENIXLTD), BSE (503100)

• Promoter: Ruia Group (Atul Ruia, Shishir Shrivastava)

History of Phoenix Mills Ltd

1905: Incorporated as The Phoenix Mills Limited, initially operating as a textile manufacturing company. Late 1980s - 1990s: Transitioned from textile manufacturing to real estate development. 2000s: Pioneered modern retail in India with the development of High Street Phoenix in Mumbai. 2010s: Expanded its retail footprint with Phoenix MarketCity malls across major Indian cities and diversified into commercial and hospitality segments. Present: Continues to develop and manage a portfolio of premium retail, commercial, hospitality, and residential assets, solidifying its position as a major mixed-use developer.

Business Segments and Revenue Mix

• Retail (Malls): Develops, owns, and manages large-format premium consumption centers like Phoenix MarketCity and High Street Phoenix, offering a mix of F&B, entertainment, and leading retail brands.

• Commercial (Offices): Focuses on developing Grade A commercial office spaces, often integrated within mixed-use developments, providing modern workspaces for businesses.

• Hospitality: Owns and operates luxury hotels, including The St. Regis Mumbai and Courtyard by Marriott Agra, offering premium accommodation and services.

• Residential: Develops luxury and premium residential apartments and complexes, often co-located with its retail and commercial developments, catering to high-end customers.

Key Personnel

Atul Ruia - Chairman: Played a pivotal role in transforming the company from a textile mill into a leading retail-led mixed-use developer. Shishir Shrivastava - Managing Director: Leads the strategic growth and operational execution across the company's diverse real estate portfolio.

Subsidiaries and Associate Companies

• Island Star Mall Developers Private Limited (Key JV for retail assets)

• Palladium Construction Private Limited (Significant development arm)

• Gangetic Hotels Private Limited (Owns hospitality assets)

• The Phoenix Mills (Pune) Limited (Holds significant retail assets)

Corporate Actions

Strategic Partnerships: Continuous formation of Joint Ventures (JVs) with institutional investors like CPPIB to develop and manage retail and commercial assets. Fundraising: Successfully completed a Qualified Institutional Placement (QIP) and a Rights Issue in FY21 to fund growth and reduce debt.

References

1. Phoenix Mills Ltd. Annual Report FY23 2. Phoenix Mills Ltd. Q4 FY24 Investor Presentation 3. NSE/BSE Filings 4. Financial Data Platforms (Screener.in, Moneycontrol.com)