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The Phoenix Mills Limited (PHOENIXLTD.NS)

INR2,132.40 -0.10 (0.00%)
IN NSE Real Estate Real Estate - Development
Address R. R. Hosiery Building 400 011
Mumbai, MH, IN
CEO Shishir Shrivastava
Website thephoenixmills.com
IPO 2007-04-23
ISIN INE211B01039

Explore sections of this company profile

Also trades on Bombay Stock Exchange · PHOENIXLTD.BO (INR) National Stock Exchange of India · PHOENIXLTD.NS (INR)
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 three segments, Property and Related Services, Hospitality, and Residential Business. Its real estate asset portfolio consists of retail mall, commercial office, residential, and hospitality projects located in Mumbai, Chennai, Bengaluru, Pune, Kolkata, Lucknow, Bareilly, Agra, Ahmedabad, Indore, Surat, Chandigarh, Thane, and Coimbatore. The company owns and operates hotels under The St. Regis name; Courtyard by Marriott brand name in Agra; and various restaurants in Mumbai and Agra. It operates malls primarily under the Phoenix Palladium, Phoenix MarketCity, Palladium, Phoenix United, Phoenix Palassio, Phoenix Paragon, Phoenix Citadel, Phoenix Grand Victoria, Phoenix Mall of Asia, and Phoenix Mall of the Millennium brand names. The Phoenix Mills Limited was incorporated in 1905 and is based in Mumbai, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR2,132.40 -0.10 (0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
512.4K
Beta
0.30
Float Shares
186.09M
Free Float %
52.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.34% +2.08% +0.53% +4.05% +1.92% -3.67% +11.80% +141.40% +343.60% +1,090.27% +1,002.03%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2,132.40
DCF (Unlevered) 255.33 -88.0%
DCF (Levered) 528.62 -75.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 85% Bullish
Rating 2026-05 Change
Strong Buy 6 -1
Buy 11 0
Hold 2 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
5.05
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
5 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Real Estate - Development: +9.7%
    +16.2% ★ Q1'26: +21.3% (vs Q1'25)
  • ✓
    EPS growth Real Estate - Development: +20.5%
    +24.3% ★ Q1'26: +50.0% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Real Estate - Development: +16.2%
    +34.0% Q1'26: +99.8% (vs Q1'25)
  • ✓
    EBIT margin Real Estate - Development: +19.8%
    +51.5% ★ Q1'26: +53.5% (vs Q1'25)
  • ✗
    ROIC Real Estate - Development: +3.2%
    +9.8% ★ Q1'26: +11.6% (vs Q1'25)
  • ✗
    Share dilution Real Estate - Development: +0.0%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Real Estate - Development: 1.93×
    2.34× ★ Q1'26: 2.02× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.33) × ERP
WACC = 92% × Ke + 8% × Kd (7.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 273.60 Current price: 2,132.40
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2010
actual 		Mar 2011
actual 		Mar 2012
actual 		Mar 2013
actual 		Mar 2014
actual 		Mar 2015
actual 		Mar 2016
actual 		Mar 2017
actual 		Mar 2018
actual 		Mar 2019
actual 		Mar 2020
actual 		Mar 2021
actual 		Mar 2022
actual 		Mar 2023
actual 		Mar 2024
actual 		Mar 2025
actual 		Mar 2026
19 Rev. Ana.
18 EPS Ana. 		Mar 2027
19 Rev. Ana.
19 EPS Ana. 		Mar 2028
19 Rev. Ana.
19 EPS Ana. 		Mar 2029
9 Rev. Ana.
8 EPS Ana.
Revenue
1.23B
est: 1.34B (-8.0%)
2.10B
est: 2.19B (-4.2%)
3.63B
est: 3.43B (+6.0%)
4.69B
est: 5.25B (-10.7%)
13.71B
est: 11.72B (+17.0%)
15.73B
est: 17.04B (-7.7%)
17.80B
est: 18.34B (-3.0%)
18.25B
est: 18.71B (-2.5%)
16.20B
est: 17.57B (-7.8%)
19.82B
est: 18.38B (+7.8%)
19.41B
est: 20.30B (-4.4%)
10.45B
est: 10.86B (-3.8%)
14.83B
est: 14.49B (+2.4%)
26.38B
est: 25.79B (+2.3%)
39.71B
est: 36.13B (+9.9%)
38.07B
est: 40.07B (-5.0%)
44.55B
42.27B – 46.85B
+11.2% YoY
49.43B
45.49B – 59.61B
+10.9% YoY
57.77B
51.81B – 70.84B
+16.9% YoY
67.10B
60.91B – 81.65B
+16.2% YoY
EBITDA
780.79M
est: 850.14M (-8.2%)
1.41B
est: 1.76B (-20.1%)
2.11B
est: 2.16B (-2.3%)
2.64B
est: 2.50B (+5.6%)
6.02B
est: 1.66B (+262.2%)
6.84B
est: 400.03M (+1,609.7%)
7.91B
est: -1.28B (+717.3%)
8.57B
est: -83.89M (+10,313.5%)
7.88B
est: 746.04M (+955.7%)
10.05B
est: 2.45B (+309.9%)
9.79B
est: 4.82B (+103.1%)
5.10B
est: 1.97B (+159.0%)
7.43B
est: 3.21B (+131.2%)
15.30B
est: 3.51B (+336.5%)
21.99B
est: 4.62B (+375.5%)
21.81B
est: 21.88B (-0.3%)
23.36B
22.16B – 24.56B
+6.8% YoY
25.92B
23.85B – 31.26B
+10.9% YoY
30.29B
27.16B – 37.14B
+16.9% YoY
35.18B
31.94B – 42.81B
+16.2% YoY
EBIT
608.13M
est: 751.61M (-19.1%)
1.09B
est: 989.07M (+10.6%)
1.54B
est: 1.67B (-7.6%)
2.17B
est: 2.75B (-21.2%)
4.97B
est: 4.17B (+19.1%)
5.15B
est: 8.65B (-40.4%)
6.14B
est: 5.71B (+7.6%)
6.61B
est: 5.85B (+13.0%)
5.89B
est: 6.28B (-6.2%)
8.01B
est: 6.06B (+32.1%)
7.71B
est: 8.97B (-14.0%)
3.01B
est: 4.82B (-37.6%)
5.57B
est: 7.86B (-29.1%)
13.02B
est: 8.57B (+51.9%)
19.29B
est: 11.31B (+70.5%)
18.55B
est: 25.89B (-28.4%)
27.65B
26.23B – 29.07B
+6.8% YoY
30.67B
28.23B – 36.99B
+10.9% YoY
35.85B
32.15B – 43.96B
+16.9% YoY
41.64B
37.80B – 50.67B
+16.2% YoY
Net Income
619.75M
est: 1.08B (-42.8%)
841.91M
est: 1.02B (-17.2%)
1.06B
est: 1.28B (-17.7%)
841.53M
est: 1.95B (-56.9%)
1.28B
est: 1.65B (-22.2%)
354.29M
est: 1.91B (-81.5%)
1.29B
est: 404.33M (+218.9%)
1.68B
est: 1.31B (+28.4%)
2.42B
est: 1.59B (+52.6%)
4.21B
est: 2.51B (+68.0%)
3.35B
est: 4.41B (-24.1%)
576.32M
est: 2.08B (-72.3%)
2.37B
est: 3.40B (-30.2%)
13.35B
est: 3.71B (+260.2%)
10.99B
est: 4.89B (+124.9%)
9.84B
est: 13.09B (-24.8%)
12.86B
11.64B – 15.23B
-1.8% YoY
15.83B
12.92B – 20.60B
+23.2% YoY
19.33B
16.16B – 26.86B
+22.1% YoY
22.82B
20.09B – 29.26B
+18.1% YoY
SGA
256.52M
est: 547.14M (-53.1%)
330.31M
est: 726.63M (-54.5%)
389.88M
est: 892.75M (-56.3%)
527.81M
est: 2.00B (-73.6%)
2.48B
est: 3.91B (-36.5%)
3.67B
est: 4.09B (-10.3%)
4.32B
est: 4.80B (-9.9%)
4.25B
est: 4.89B (-13.1%)
4.11B
est: 4.67B (-11.9%)
4.12B
est: 5.09B (-19.2%)
4.20B
est: 5.79B (-27.5%)
2.40B
est: 3.64B (-34.0%)
3.45B
est: 5.94B (-42.0%)
5.80B
est: 6.48B (-10.5%)
5.77B
est: 8.55B (-32.5%)
6.80B
est: 8.17B (-16.7%)
8.72B
8.27B – 9.17B
+6.8% YoY
9.67B
8.90B – 11.67B
+10.9% YoY
11.31B
10.14B – 13.86B
+16.9% YoY
13.13B
11.92B – 15.98B
+16.2% YoY
EPS
2.14
est: 5.14 (-58.3%)
2.91
est: 6.92 (-57.9%)
3.65
est: 8.53 (-57.2%)
2.91
est: 8.66 (-66.4%)
4.43
est: 10.99 (-59.7%)
1.23
est: 5.29 (-76.7%)
4.28
est: 7.65 (-44.0%)
5.49
est: 6.62 (-17.1%)
7.92
est: 8.46 (-6.4%)
13.74
est: 10.30 (+33.5%)
10.91
est: 12.56 (-13.2%)
1.75
est: 1.47 (+19.0%)
6.66
est: 6.82 (-2.3%)
37.38
est: 23.92 (+56.3%)
30.72
est: 29.70 (+3.5%)
27.53
est: 34.56 (-20.3%)
35.94
32.54 – 42.57
+4.0% YoY
44.26
36.13 – 57.60
+23.2% YoY
54.03
45.18 – 75.09
+22.1% YoY
63.80
56.15 – 81.79
+18.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-26 B 3/5 3/5 4/5 5/5 3/5 1/5 1/5
2026-05-25 B 3/5 3/5 4/5 5/5 3/5 1/5 1/5
2026-05-22 B 3/5 3/5 4/5 5/5 3/5 1/5 1/5
2026-05-21 B 3/5 3/5 4/5 5/5 3/5 1/5 1/5
2026-05-20 B 3/5 3/5 4/5 5/5 3/5 1/5 1/5
2026-05-19 B 3/5 3/5 4/5 5/5 3/5 1/5 1/5
2026-05-18 B 3/5 3/5 4/5 5/5 3/5 1/5 1/5
2026-05-15 B 3/5 3/5 4/5 5/5 3/5 1/5 1/5
2026-05-14 B 3/5 3/5 4/5 5/5 3/5 1/5 1/5
2026-05-13 B 3/5 3/5 4/5 5/5 3/5 1/5 1/5
2026-05-12 B 3/5 3/5 4/5 5/5 3/5 1/5 1/5
2026-05-11 B 3/5 3/5 4/5 5/5 3/5 1/5 1/5
2026-05-08 B 3/5 3/5 4/5 5/5 3/5 1/5 1/5
2026-05-07 B 3/5 3/5 4/5 5/5 3/5 1/5 1/5
2026-05-06 B 3/5 3/5 4/5 5/5 3/5 1/5 1/5
2026-05-05 B 3/5 3/5 4/5 5/5 3/5 1/5 1/5
2026-05-04 B 3/5 3/5 4/5 5/5 3/5 1/5 1/5
2026-04-30 B 3/5 3/5 4/5 5/5 3/5 1/5 1/5
2026-04-29 B 3/5 3/5 4/5 5/5 3/5 1/5 1/5
2026-04-28 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-9.00B
OE per share TTM
-26.70
Owner's Yield
-1.41%
Maintenance CapEx ratio
44.85%
Maint CapEx / Avg PPE
221.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
10.16M
Shares Outstanding
357.64M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Shishir Ashok Shrivastava MD & Executive Director 99M male
Rashmi Sen Chief Executive Officer of Malls & Whole Time Director 61M female
Rajesh Kulkarni Chief Executive Officer of Projects Delivery and Architecture & Whole Time Director 49M male
Kailash Gupta Chief Financial Officer 8M male
Bhavik Gala Company Secretary & Compliance Officer 4M male
Mangesh Satvilkar Investor Relations Officer — male
Gautam Srivastava Chief Human Resources Officer — male
Sunaina Kohli Head of Sales & Marketing — female
Varun Jagdish Parwal Group President of Strategy, Audit & Head of Corporate Finance — male
Vidya Sagar General Counsel — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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