The Phoenix Mills

    PHOENIXLTD
    Infra
    ₹1890.00
    price as of 11/9/2026, 5:28:17 pm

    Market cap ₹67,601 Cr

    P/E
    52.91
    Day range
    ₹1,825.10 – ₹1,910.00
    52-week range
    ₹1,465.60 – ₹2,169.80
    Volume
    7.23 L
    Open
    ₹1,876.00
    Prev close
    ₹1,890.00
    Promoters pledged 0.8% of their shares
    52-week range, adjusted for splits and bonuses
    ₹1,465.6₹2,169.8
    24 Mar 202614 Jul 2026
    Index membership & F&O
    NIFTY 200NIFTY 500NIFTY MIDCAP 150NIFTY REALTYF&O lot 350

    Price history

    6M change +19.95%RSI (14) 43.1 NeutralSMA 20 · 50 overlaid

    Price & delivery on the exchange

    NSE bhavcopy to 11 Sept 2026 · delivery 60.1% today vs 54.0% average · BSE close ₹1,891.15

    1 Apr23 Apr15 May5 Jun24 Jun15 Jul3 Aug21 Aug11 Sept₹1,400₹1,600₹1,800₹2,000₹2,2000%25%50%75%100%
    • Delivery
    • NSE close
    • BSE close

    High delivery with a rising price suggests buyers holding rather than trading the move.

    Futures & options

    NSE F&O close, 11 Sept 2026 · options expiring 29 Sept 2026

    Short covering
    Near-month future
    ₹1,897.6
    Change
    +0.09%
    Basis over spot
    +₹7.60
    Futures OI (shares)
    37.2 L
    OI change
    -0.93%
    Put-call ratio
    0.46
    Max pain
    ₹1,920
    Resistance (call OI)
    ₹2,100
    Support (put OI)
    ₹1,900
    Lot size
    350

    Open interest by strike

    Calls open above (resistance) and puts below (support), in shares

    16001680172017601800184018801920196020002040208021202160224001.5 L3.0 L4.5 L6.0 Lspot
    • Call OI
    • Put OI

    Futures open interest and price

    Near-month future, day by day since collection began

    The daily history builds from each close.

    Key metrics

    P/E (TTM)
    53.0
    EPS (TTM)
    ₹35.78
    ROE (FY26)
    14.5%
    ROCE (latest year)
    12%
    Dividend yield
    0.13%

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +19.1%
    Profit 3Y CAGR
    +1.8%
    Revenue YoY (Jun 2026)
    +12.8%
    Profit YoY (Jun 2026)
    +22.7%
    Operating margin
    60.0%
    Net margin
    36.7%

    Revenue, profit & margin - quarterly

    Bars in ₹ crore (a loss shows red); line is operating margin

    Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Jun 20260 Cr350 Cr700 Cr1.1K Cr1.4K Cr0%20%40%60%80%
    • Revenue
    • Net profit
    • Operating margin

    Who owns the company

    Shareholding as of Jun 2026

    • Promoter
    • FII
    • DII
    • Public

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-3.0K Cr-1.5K Cr0 Cr1.5K Cr3.0K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY260%5%10%15%20%15%

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); line is debt-to-equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260 Cr3.0K Cr6.0K Cr9.0K Cr12.0K Cr0.0x0.5x0.9x1.4x1.8x
    • Equity
    • Debt
    • Debt / equity

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales8759861,3069049189751,0169531,1151,1211,2331,075
    Expenses369434679373400422457389449465484433
    Operating Profit506552627531518553560564667656750642
    OPM %58%56%48%59%56%57%55%59%60%59%61%60%
    Other Income323437383746423231225740
    Interest961041001031031039495921029794
    Depreciation666676777881909391868996
    Profit before tax375416489388374415418407515490620492
    Tax %19%17%20%19%22%15%17%21%26%25%22%20%
    Net Profit305345392315292353348321384366485394
    EPS in Rs₹7.07₹7.82₹9.14₹6.50₹6.10₹7.41₹7.52₹6.73₹8.50₹7.71₹11.28₹8.30

    From company filings, updated 11 Sept 2026. Consolidated figures where the company reports them.Information only, not investment advice.

    Strengths, risks & growth

    Phoenix Mills Ltd is engaged in the operation & management of malls, construction of commercial & residential property and hotel business in India. Its core businesses include Retail, Office, Hotel and Asset Management. [1]

    Strengths

    None flagged by the checklist.

    Risks

    • Stock is trading at 6.18 times its book value
    • Company has a low return on equity of 10.7% over last 3 years.
    • Dividend payout has been low at 8.17% of profits over last 3 years

    Compounded Sales Growth

    10 Years
    +10%
    5 Years
    +34%
    3 Years
    +19%
    TTM
    +18%

    Compounded Profit Growth

    10 Years
    +24%
    5 Years
    +81%
    3 Years
    +12%
    TTM
    +32%

    Stock Price CAGR

    10 Years
    +25%
    5 Years
    +34%
    3 Years
    +26%
    1 Year
    +22%

    Return on Equity

    10 Years
    +9%
    5 Years
    +10%
    3 Years
    +11%
    Last Year
    +11%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderSept 2025Dec 2025Mar 2026Jun 2026Change
    Promoter47.25%47.25%47.25%47.25%0.00 pp
    FII33.45%33.85%32.97%31.73%-1.24 pp
    DII15.47%15.26%16.14%17.38%+1.24 pp
    Public3.84%3.64%3.64%3.64%0.00 pp

    Filed with NSE for Jun 2026: promoters 47.25%, public 52.75% · XBRL filing

    Analysts & fund holdings

    100%
    100% recommend buy
    18 analysts cover the stock
    Valuation vs Real Estate
    P/E52.9 vs 46.5
    Sector P/B3.08
    Beta1.17

    Who holds the shares, quarter by quarter

    Mutual funds 15.48% (+0.82 pp)
    Mar 25
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    • Promoters47.3%
    • Foreign institutions31.7%
    • Mutual funds15.5%
    • Insurance1.2%
    • Other domestic institutions0.7%
    • Retail2.1%
    • Others1.6%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    Axis Midcap Fund1.09%2.13%+0.07 pp
    ICICI Pru Focused Fund0.76%2.93%-1.19 pp
    DSP Midcap Fund0.75%2.54%+0.14 pp
    SBI Midcap Fund0.55%1.55%-0.07 pp
    DSP Large & Mid Cap Fund0.50%1.88%+0.19 pp

    Scorecard

    Performance
    Avg
    Valuation
    High
    Growth
    Low
    Profitability
    High
    Entry point
    Good
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Corporate actions

    • dividend
      ₹2.50

      Dividend - Rs 2.50 Per Share

      11 Sept 2026
      ex-date
    • dividend
      ₹2.50

      Dividend - Rs 2.50 Per Share

      15 Sept 2025
      ex-date
    • bonus
      Not available — not reported in this filing

      Bonus 1:1

      20 Sept 2024
      ex-date
    • dividend
      ₹5.00

      Dividend - Rs 5 Per Share

      20 Aug 2024
      ex-date
    • dividend
      ₹5.00

      Annual General Meeting/Dividend - Rs 5 Per Share

      15 Sept 2023
      ex-date
    • dividend
      ₹2.40

      Annual General Meeting/Dividend - Rs 2.40 Per Share

      12 Sept 2022
      ex-date
    • dividend
      Not available — not reported in this filing

      Annual General Meeting/Dividend - Re 1 Per Share

      16 Sept 2021
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      17 Sept 2020
      ex-date
    • dividend
      ₹3.00

      Annual General Meeting/Dividend - Rs 3 Per Share

      17 Sept 2019
      ex-date
    • dividend
      ₹2.60

      Annual General Meeting/Dividend Rs 2.6 Per Share

      11 Sept 2018
      ex-date
    • dividend
      ₹2.40

      Annual General Meeting/Dividend - Rs 2.40 Per Share

      18 Sept 2017
      ex-date
    • dividend
      Not available — not reported in this filing

      Annual General Meeting/Dividend - Re 0.45/- Per Share

      31 Aug 2016
      ex-date
    • dividend
      ₹1.75

      Interim Dividend - Rs 1.75/- Per Share

      17 Mar 2016
      ex-date
    • dividend
      ₹2.20

      Annual General Meeting/ Dividend - Rs 2.20 Per Share

      2 Sept 2015
      ex-date
    • dividend
      ₹2.20

      Annual General Meeting / Dividend - Rs 2.20/- Per Share

      13 Aug 2014
      ex-date
    • dividend
      ₹2.20

      Annual General Meeting / Dividend - Rs 2.20/- Per Share

      12 Aug 2013
      ex-date
    • dividend
      ₹2.00

      Annual General Meeting And Dividend Rs.2/- Per Share

      10 Aug 2012
      ex-date
    • dividend
      ₹1.80

      Annual General Meeting/Dividend Rs 1.80 Per Share

      9 Sept 2011
      ex-date
    • dividend
      ₹1.20

      Annual General Meeting And Final Dividend Rs.1.20 Per Share

      17 Sept 2010
      ex-date
    • other
      Not available — not reported in this filing

      Agm/Div-Re.1/- Per Share

      11 Sept 2009
      ex-date

    Company announcements

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Please refer the attached letter.

    Company Update
    Announcement under Regulation 30 (LODR)-Scheme of Arrangement

    Intimation of effective date of scheme of merger and amalgamation between subsidiary companies.

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    Please refer the attached letter.

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    Please refer the attached letter.

    Company Update
    Announcement under Regulation 30 (LODR)-Scheme of Arrangement

    Please refer the attached letter relating to sanction of scheme of merger and amalgamation between subsidiary companies by National Company Law Tribunal, Chennai Bench.

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Please refer the attached letter.

    Others
    Business Responsibility and Sustainability Reporting (BRSR)

    Please refer the attached letter.

    Company Update
    Letter Providing The Web-Link Of The Integrated Annual Report Of The Company For The Financial Year 2025-26

    Please refer the attached letter.

    AGM/EGMPrice-sensitive
    Notice Of The 121St Annual General Meeting (''AGM'') Of The Phoenix Mills Limited

    Please refer the attached letter.

    Others
    Reg. 34 (1) Annual Report.

    This is further to our letter dated September 02, 2026 intimating that the 121st Annual General Meeting of The Phoenix Mills Limited ('Company') will be held on Monday, September 28, ....

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Please refer the attached letter.

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    Please refer the attached letter.

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Please refer the attached letter.

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Please refer the attached letter.

    Company Update
    Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    Please refer the attached letter.

    Filed with BSE (scrip 503100); the last 45 days. Documents open at bseindia.com.

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.