The Phoenix Mills Ltd
NSE: PHOENIXLTD · Residential, Commercial Projects · sector
₹1,894.00NSE close 2026-10-26
Key numbers
Market cap₹67,737 cr
Price₹1,894.00
52w high / low₹2,170 / ₹1,466
P/E52.9xSector median 18.7x
P/B6.2xSector median 1.4x
Book value₹307.2
Dividend yield0.13%Sector median 0.54%
ROE11.9%Sector median 5.5%
ROCE15.4%Sector median 6.5%
OPM59.1%Sector median 12.1%
Debt / equity0.48xSector median 0.36x
EV/EBITDA26.5xSector median 17.7x
Interest cover6.5x
Current ratio1.29x
Sales growth 3y+18.8%Sector median +16.6%
Profit growth 3y-2.9%Sector median +28.0%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 141 companies in Residential, Commercial Projects (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,833 cr vs borrowings ₹5,296 cr (FY26): borrowings are higher by ₹3,463 cr.
- Borrowings rose in each of the last 3 years (₹4,259 cr → ₹5,296 cr).
- Operating profit covered interest 6.5x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 14% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹1,894.00 on 2026-10-26: -12.7% from the 52-week high, +29.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹2,132.40 · low ₹1,439.20
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 918 | 975 | 1,016 | 953 | 1,115 | 1,121 | 1,233 | 1,075 |
| EBITDA | 518 | 569 | 557 | 564 | 667 | 631 | 746 | 642 |
| OPM % | 56.4% | 58.3% | 54.8% | 59.2% | 59.8% | 56.3% | 60.5% | 59.7% |
| Other income | 37 | 30 | 45 | 32 | 31 | 47 | 61 | 40 |
| Net profit | 218 | 265 | 269 | 241 | 304 | 276 | 403 | 297 |
| EPS (₹) | 8.17 | 7.41 | 7.52 | 6.73 | 8.50 | 7.71 | 11.28 | 8.30 |
| Revenue YoY | +21.5% | +15.0% | +21.3% | +12.8% | ||||
| Profit YoY | +39.4% | +4.2% | +50.0% | +23.3% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,483 | 2,638 | 3,978 | 3,814 | 4,423 | 4,545 |
| EBITDA | 734 | 2,124 | 2,177 | 2,174 | 2,608 | 2,685 |
| Net profit | 237 | 1,335 | 1,099 | 984 | 1,224 | 1,280 |
| EPS (₹) | 6.66 | 37.38 | 30.68 | 27.53 | 34.23 | 35.79 |
| Revenue growth | +77.8% | +50.8% | -4.1% | +16.0% | +17.7% | |
| Profit growth | +462.4% | -17.7% | -10.5% | +24.3% | +29.0% | |
| Dividend / share (₹) | 1.00 | 2.40 | 5.00 | 5.00 | 2.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +18.8% | +32.7% | +17.7% |
| Net profit | -2.9% | +87.6% | +29.0% |
| EPS | -2.9% | +84.5% | – |
| Share price | – | +9.2% (2y) | +13.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 8,380 | 9,458 | 10,448 | 10,989 |
| Borrowings | – | 4,259 | 4,612 | 4,663 | 5,296 |
| Cash & equivalents | – | 1,610 | 2,034 | 1,497 | 1,833 |
| Total assets | – | 17,589 | 19,283 | 21,531 | 22,853 |
| Fixed assets | – | 1,809 | 2,213 | 2,280 | 2,283 |
| Capital work in progress | – | 2,295 | 1,503 | 3,143 | 3,879 |
| Investments | – | 302 | 401 | 479 | 194 |
| Receivables | – | 238 | 270 | 230 | 317 |
| Inventory | – | 1,212 | 782 | 774 | 776 |
| Payables | – | 158 | 205 | 203 | 212 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 781 | 1,356 | 2,162 | 2,084 | 2,426 |
| Cash from investing | -2,841 | -1,536 | -1,859 | -2,162 | -1,646 |
| Cash from financing | 2,228 | 137 | -299 | -47 | -731 |
| Capex | 39 | 1,826 | 1,674 | 2,617 | 1,397 |
| Free cash flow | 742 | -470 | 488 | -534 | 1,029 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 15.9% | 11.6% | 9.4% | 11.1% |
| ROCE % | – | 15.9% | 14.5% | 13.2% | 14.9% |
| Debtor days | – | 33 | 25 | 22 | 26 |
| Inventory days | – | 2,971 | 547 | 1,294 | 973 |
| Payable days | – | 389 | 144 | 340 | 265 |
| Cash conversion cycle (days) | – | 2,615 | 428 | 976 | 734 |
| Working capital days | – | 123 | 105 | 31 | 57 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 47.24% |
| FIIs | 31.62% |
| DIIs | 17.31% |
| of which Mutual funds | 14.91% |
| of which Insurance | 1.33% |
| Government | 0.00% |
| Public (non-institutions) | 3.83% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 47.26% | 47.26% | 47.26% | 47.25% | 47.25% | 47.25% | 47.25% | 47.24% |
| Promoter group | % |
|---|---|
| Ruia International Holding Company Private Limited | 31.10% |
| Senior Advisory Services Private Limited | 8.10% |
| Ashok Atul Private Limited | 5.41% |
| Atul Ashokkumar Ruia | 2.12% |
| Sharanya A.Ruia Beneficiary Trust | 0.16% |
| Sharmila Dalmia Family Trust | 0.10% |
| Radhakrishna Ramnarain Private Limited | 0.09% |
| Sharmila Dalmia | 0.07% |
| Kavita Khaitan Beneficiary Trust (Amla Ruia Holding as Trustee for Kavita Khaitan Beneficiary Trust) | 0.07% |
| Ashton Real Estate Development Private Limited | 0.02% |
| Amla Ashokkumar Ruia | 0.00% |
| Gayatri Atul Ruia | 0.00% |
| Atul Ruia Family Trust (Atul Ashokkumar Ruia Holding as Trustee of Atul Ruia Family Trust) | 0.00% |
| Ashok Ruia Family Trust(Atul Ashokkumar Ruia Holding as Trustee of Ashok Ruia Family Trust) | 0.00% |
| Public holders above 1% | % |
|---|---|
| Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Midcap Fund | 2.55% |
| Dsp Mid Cap Fund | 1.71% |
| Icici Prudential Focus Equity Fund | 1.67% |
| Government Of Singapore | 1.59% |
| Invesco India Focused Fund | 1.32% |
| Polar Capital Funds Plc - Emerging Market Stars Fund | 1.29% |
| Schroder International Selection Fund Asian Opportunities | 1.19% |
| Uti-Mid Cap Fund | 1.10% |
83,618 shareholders. Pledged: 0.00% of promoter shares.
Peers in Residential, Commercial Projects
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| DLF | ₹1,63,939 cr | 35.9x | 3.6x | 10.3% | 6.3% | 14.8% | +12.9% | 0.90% |
| LODHA | ₹97,912 cr | 23.7x | 4.2x | 19.0% | 17.9% | 32.2% | +20.8% | 0.43% |
| PHOENIXLTD | ₹67,737 cr | 52.9x | 6.2x | 11.9% | 15.4% | 59.1% | +18.8% | 0.13% |
| PRESTIGE | ₹60,152 cr | 52.8x | 3.7x | 7.2% | 10.5% | 28.1% | +15.1% | 0.12% |
| OBEROIRLTY | ₹57,522 cr | 21.9x | 3.0x | 14.7% | 16.9% | 57.1% | +12.8% | 0.51% |
| GODREJPROP | ₹45,942 cr | 28.7x | 2.4x | 8.8% | 6.9% | -7.7% | +31.6% | – |
| BRIGADE | ₹17,781 cr | 25.6x | 2.6x | 11.2% | 10.9% | 27.0% | +18.3% | 0.35% |
| ANANTRAJ | ₹16,514 cr | 27.8x | 2.9x | 11.6% | 11.1% | 27.0% | +37.9% | 0.15% |
| SOBHA | ₹12,247 cr | 64.1x | 2.6x | 4.1% | 6.5% | 6.5% | +16.2% | 0.26% |
| ABREL | ₹12,035 cr | – | 3.2x | -3.1% | -4.4% | -88.7% | -56.1% | 0.18% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Property and related services | ₹3,232 cr | 72.5% | ₹1,749 cr | 54.1% |
| Hospitality services | ₹729 cr | 16.3% | ₹206 cr | 28.2% |
| Residential business | ₹496 cr | 11.1% | ₹322 cr | 64.9% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-11 | Dividend | Dividend - Rs 2.50 Per Share |
| 2025-09-15 | Dividend | Dividend - Rs 2.50 Per Share |
| 2024-09-20 | Bonus | Bonus 1:1 |
| 2024-08-20 | Dividend | Dividend - Rs 5 Per Share |
| 2023-09-15 | Dividend | Annual General Meeting/Dividend - Rs 5 Per Share |
| 2022-09-12 | Dividend | Annual General Meeting/Dividend - Rs 2.40 Per Share |
| 2021-09-16 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2020-09-17 | Other | Annual General Meeting |
| 2019-09-17 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2018-09-11 | Dividend | Annual General Meeting/Dividend Rs 2.6 Per Share |
| 2017-09-18 | Dividend | Annual General Meeting/Dividend - Rs 2.40 Per Share |
| 2016-08-31 | Dividend | Annual General Meeting/Dividend - Re 0.45/- Per Share |
| 2016-03-17 | Dividend | Interim Dividend - Rs 1.75/- Per Share |
| 2015-09-02 | Dividend | Annual General Meeting/ Dividend - Rs 2.20 Per Share |
| 2014-08-13 | Dividend | Annual General Meeting / Dividend - Rs 2.20/- Per Share |
| 2013-08-12 | Dividend | Annual General Meeting / Dividend - Rs 2.20/- Per Share |
| 2012-08-10 | Dividend | Annual General Meeting And Dividend Rs.2/- Per Share |
| 2011-09-09 | Dividend | Annual General Meeting/Dividend Rs 1.80 Per Share |
| 2010-09-17 | Dividend | Annual General Meeting And Final Dividend Rs.1.20 Per Share |
| 2009-09-11 | Other | Agm/Div-Re.1/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Real Estate Activities with own properties: Real Estate Activities with own properties
| Sector | Consumer Discretionary |
| Industry | Residential, Commercial Projects |
| Sub-industry | Residential, Commercial Projects |
| Symbol | PHOENIXLTD |
| BSE code | 503100 |
| ISIN | INE211B01039 |
| Face value | ₹2.0 |
| Incorporated | 1905-01-27 |
| Website | www.thephoenixmills.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.