āagman

Not investment advice. Data and computed figures, for information only.

Phoenix Mills Ltd

NSE: PHOENIXLTDF&O
₹1,917.20
+₹29.90 (+1.58%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹64,851 Cr
CMP
₹1,917.20
52-wk High / Low
₹2,170 / 1,466
P/E
50.0
P/B
5.9
Book Value
₹307.0
Div Yield
0.14%
ROCE
12.0%
ROE
11.0%
Face Value
₹2
D/E
0.48

Price+20.0% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
7
/ 9
7 of 9 F-score tests passed
Graham Number
₹486
√(22.5 × EPS × book value per share)
ROIC
10.7%
vs 4.1% sector median
Cash flow to profit
1.56
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+54
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
10.2%
ROE × earnings retention ratio
ROE stability
4.5
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −1.24DII +1.24
Latest quarter vs the previous one
Cash-accrual divergence
−3.9%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.1x)
+FII holding rose by 1.4pp over the last year
+Piotroski F-Score of 7/9 is in the strong band (≥7)
Watch-outs
−Borrowings are up 36.9% since FY2016 (3889 to 5323)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8118759861,3069049189751,0169531,1151,1211,2331,075
Expenses318369434679373400422457389449465484433
Operating Profit492506552627531518553560564667656750642
OPM %60.7%57.8%56.0%48.0%58.7%56.4%56.7%55.1%59.2%59.8%58.5%60.8%59.7%
Other Income29323437383746423231225740
Interest96961041001031031039495921029794
Depreciation63666676777881909391868996
Profit before tax363375416489388374415418407515490620492
Net Profit291305345392315292353348321384366485394
EPS (₹)6.737.077.829.146.506.107.417.526.738.507.7111.288.30

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,6391,7691,8171,6141,9771,9361,0401,4602,6163,9723,8074,4184,545
Expenses8779789618309759635397251,0961,7901,6451,7801,830
Operating Profit7627908567841,0019735017351,5192,1822,1622,6382,714
OPM %46.5%44.7%47.1%48.6%50.6%50.3%48.2%50.3%58.1%54.9%56.8%59.7%59.7%
Other Income−63−113950125608674721126163140150
Interest396443424349351348348295341396403387386
Depreciation168177195198204208209186228270327360362
Profit before tax136159276287572478293281,6711,6431,5952,0322,117
Net Profit9184191256497388482681,4781,3331,3071,5571,630
EPS (₹)1.224.215.497.9113.7310.911.686.6537.3730.7627.5334.2235.79

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital293131313131363636367272—
Reserves1,6451,9972,1192,8213,4433,6785,0036,5478,3449,42210,37710,917—
Borrowings3,4023,8893,6263,6664,2444,3084,0633,9824,2594,6394,6875,323—
Other Liabilities1,5651,5071,2331,9792,3982,5282,2883,7654,7875,0036,2926,485—
Total Liabilities6,6417,4247,0088,49710,11610,54511,38914,33017,42619,10021,42722,796—
Fixed Assets4,1304,5484,5005,6686,5226,4537,2077,50810,96413,13714,46614,772—
CWIP2141953285038961,5341,2742,0492,2951,5033,1433,879—
Investments2001614108297455905762,3171,2821,7251,4651,490—
Other Assets2,0972,5201,7701,4981,9521,9682,3332,4562,8842,7342,3532,656—
Total Assets6,6417,4247,0088,49710,11610,54511,38914,33017,42619,10021,42722,796—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5644971,4191,5143507394327811,3562,1612,0842,426
Cash from Investing Activity−102−377−354−1,825−1,394−362−950−2,841−1,528−1,859−2,162−1,646
Cash from Financing Activity−455−71−1,1082771,053−2875222,228132−299−47−731
Net Cash Flow750−43−339903167−403−12650

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %11.011.011.010.011.09.04.05.010.012.011.012.0
ROE %———————————11.0
EPS (₹)1.224.215.497.9113.7310.911.686.6537.3730.7627.5334.22
Book Value (₹)———————————307.0
Face Value (₹)———————————2
P/E———————————50.0
Div Yield %———————————0.14
NPM %5.84.810.315.423.619.44.317.544.332.532.934.2
OPM %47.045.047.049.051.050.048.050.058.055.057.060.0
D/E2.031.921.691.291.221.160.810.600.510.490.450.48
P/B———————————5.9

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+10.0%
5 years+34.0%
3 years+19.0%
TTM+18.0%
Compounded profit growth
10 years+24.0%
5 years+81.0%
3 years+12.0%
TTM+32.0%
Stock price CAGR
10 years+26.0%
5 years+30.0%
3 years+23.0%
Last year+13.0%
Return on equity
10 years9.0%
5 years10.0%
3 years11.0%
Last year11.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters62.86%62.86%62.82%62.76%59.11%45.51%47.33%47.30%47.28%47.26%47.25%47.25%
FIIs30.33%30.33%29.17%26.34%25.74%34.30%30.69%30.38%32.82%36.14%32.97%31.73%
DIIs2.83%2.83%3.13%5.70%10.88%16.54%17.46%18.05%15.79%12.59%16.14%17.38%
Government0.00%0.00%0.51%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public3.99%3.99%4.36%5.19%4.26%3.65%4.52%4.26%4.12%3.99%3.64%3.64%
No. of shareholders6,5116,5118,68415,37514,33222,77339,28460,95576,90288,53173,87673,390
Change since Jun 2023 (pp)
Promoters −15.61FIIs +1.40DIIs +14.55Public −0.35

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeThe Phoenix Mills Limited Has informed About Update On Quarterly Operational Business Update.Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Newspaper Publication
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingApr 2026TranscriptApr 2026PPTApr 2026RecordingFeb 2026TranscriptFeb 2026PPTNov 2025TranscriptNov 2025PPTNov 2025RecordingJul 2025TranscriptJul 2025PPT

Corporate actions

As of 11 Sep 2026
11 Sep 2026DIVIDENDDividend - Rs 2.50 Per Share—
15 Sep 2025DIVIDENDDividend - Rs 2.50 Per Share—
20 Sep 2024BONUSBonus 1:1—
20 Aug 2024DIVIDENDDividend - Rs 5 Per Share—
15 Sep 2023DIVIDENDAnnual General Meeting/Dividend - Rs 5 Per Share—
12 Sep 2022DIVIDENDAnnual General Meeting/Dividend - Rs 2.40 Per Share—
16 Sep 2021DIVIDEND Annual General Meeting/Dividend - Re 1 Per Share—
17 Sep 2019DIVIDEND Annual General Meeting/Dividend - Rs 3 Per Share—
11 Sep 2018DIVIDEND Annual General Meeting/Dividend Rs 2.6 Per Share—
18 Sep 2017DIVIDEND Annual General Meeting/Dividend - Rs 2.40 Per Share—
31 Aug 2016DIVIDEND Annual General Meeting/Dividend - Re 0.45/- Per Share—
17 Mar 2016DIVIDEND Interim Dividend - Rs 1.75/- Per Share—
2 Sep 2015DIVIDEND Annual General Meeting/ Dividend - Rs 2.20 Per Share—
13 Aug 2014DIVIDENDAnnual General Meeting / Dividend - Rs 2.20/- Per Share—
12 Aug 2013DIVIDENDAnnual General Meeting / Dividend - Rs 2.20/- Per Share—
10 Aug 2012DIVIDENDAnnual General Meeting And Dividend Rs.2/- Per Share—
9 Sep 2011DIVIDENDAnnual General Meeting/Dividend Rs 1.80 Per Share—
17 Sep 2010DIVIDENDAnnual General Meeting And Final Dividend Rs.1.20 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman