The Phoenix Mills Ltd - Stock Valuation and Financial Performance

BSE: 503100 | NSE: PHOENIXLTD | Construction - Real Estate | Mid Cap

Phoenix Mills Share Price

1,500.80 4.00 0.27%
as on 05-Nov'24 00:00

DeciZen - make an informed investing decision on Phoenix Mills

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

The Phoenix Mills stock performance -

mw4me loader
P/E Ratio (CD):
50.78
Market Cap:
53,657.2 Cr.
52-wk low:
994.9
52-wk high:
2,068.2

Is The Phoenix Mills Ltd an attractive stock to invest in?

1. Is The Phoenix Mills Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that The Phoenix Mills Ltd is a average quality company.

2. Is The Phoenix Mills Ltd undervalued or overvalued?

The key valuation ratios of The Phoenix Mills Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is The Phoenix Mills Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of The Phoenix Mills Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Phoenix Mills:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
The Phoenix Mills Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 10.4%11%12%10.4%13%10.5%4.4%6.3%17.4%15.3%-
Value Creation
Index
-0.2-0.2-0.1-0.20.0-0.2-0.7-0.50.50.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,6531,7801,8251,6201,9821,9411,0451,4832,6383,9784,114
Sales YoY Gr.-7.6%2.5%-11.2%22.3%-2%-46.2%42%77.9%50.8%-
Adj EPS 1.14.15.78.113.910.91.46.724.930.229.6
YoY Gr.-286.9%36.7%42.4%72.7%-21.8%-87%373.1%272.7%21.6%-
BVPS (₹) 57.366.270.192.8112.9120.3146.1183.8233.9263.8279.4
Adj Net
Profit
3112717324742733448.62388881,0811,057
Cash Flow from Ops. 5644971,4191,5143507394327811,3562,162-
Debt/CF from Ops. 67.82.62.412.15.89.45.13.12.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.3%15%56.1%50.8%
Adj EPS 45%16.8%177.8%21.6%
BVPS18.5%18.5%21.8%12.8%
Share Price 23.1% 33.8% 43.2% 46.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
1.86.98.39.913.59.31.14.111.912.110.9
Op. Profit
Mgn %
46.144.446.948.550.650.247.949.657.754.954.1
Net Profit
Mgn %
54.510.713.423.618.32.416.838.932.925.7
Debt to
Equity
2.11.91.71.31.21.20.80.60.50.50.4
Working Cap
Days
412425381325271319605423276199132
Cash Conv.
Cycle
2472632321761271483042021377638

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.90%

Sales growth is growing at healthy rate in last 3 years 56.14%

Net Profit is growing at healthy rate in last 3 years 177.84%

Debt to equity has declined versus last 3 years average to 0.49

Sales growth is good in last 4 quarters at 34.95%

No data to display

Latest Financials - The Phoenix Mills Ltd.

Standalone Consolidated
TTM EPS (₹) 9.3 29.6
TTM Sales (₹ Cr.) 469 4,114
BVPS (₹.) 145.7 279.4
Reserves (₹ Cr.) 5,139 9,918
P/BV 10.30 5.37
PE 161.13 50.78
From the Market
52 Week Low / High (₹) 994.90 / 2068.15
All Time Low / High (₹) 0.26 / 2068.15
Market Cap (₹ Cr.) 53,657
Equity (₹ Cr.) 71.5
Face Value (₹) 2
Industry PE 71.5

Management X-Ray of Phoenix Mills:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Phoenix Mills

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,6531,7801,8251,6201,9821,9411,0451,4832,6383,978
Operating Expenses 8919929778419889745517491,1191,801
Manufacturing Costs227269273250267259124156333409
Material Costs28128524713221919677103149521
Employee Cost 91124140147162166113157232299
Other Costs 291314317312340354237334405572
Operating Profit 7627878487799949674947341,5192,177
Operating Profit Margin (%) 46.1%44.2%46.5%48.1%50.1%49.8%47.3%49.5%57.6%54.7%
Other Income 3131475685599274116132
Interest 396443424349351348348295341396
Depreciation 168177195198204208209186228270
Exceptional Items -94-3900488006050
Profit Before Tax 136159276287572478293281,6711,643
Tax 49778676110122-580199317
Profit After Tax 8682190212462356342481,4731,326
PAT Margin (%) 5.2%4.6%10.4%13.1%23.3%18.3%3.2%16.7%55.8%33.3%
Adjusted EPS (₹)1.24.25.57.913.710.91.76.737.430.8
Dividend Payout Ratio (%)90%26%22%16%11%0%30%18%7%8%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1,6742,0272,1472,8423,4603,6925,0216,5628,3559,429
Share Capital 29313131313134363636
Reserves 1,6451,9962,1162,8123,4303,6614,9866,5268,3209,393
Minority Interest621479280466122312791101242926962930
Debt3,0463,6233,3543,4513,9814,0843,6543,6564,0154,395
Long Term Debt2,8193,3803,1073,1973,4323,4053,0723,1413,3103,813
Short Term Debt227243248254549679581516704582
Trade Payables10512110810914810995130158205
Others Liabilities 1,0901,0649961,4891,1651,3221,3971,4322,2012,189
Total Liabilities 6,5377,3146,8848,3589,97710,48611,26814,20917,42619,148

Fixed Assets

Gross Block4,6365,2305,3416,7037,7507,8832,6712,7083,8334,390
Accumulated Depreciation5066828401,0361,2281,4311,0481,1621,4041,528
Net Fixed Assets4,1304,5484,5015,6686,5226,4531,6221,5462,4292,862
CWIP 1901642954268321,4011,2741,9222,2951,503
Investments 2001614108297455905762,3171,2821,725
Inventories1,1781,3249456618998167687501,212782
Trade Receivables219279147129196202324280238270
Cash Equivalents 921638141192141514593630710
Others Assets5276755046045928856,1906,8019,34011,295
Total Assets 6,5377,3146,8848,3589,97710,48611,26814,20917,42619,148

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 5644971,4191,5143507394327811,3562,162
PBT 136159276287572478293281,6711,643
Adjustment 659668596506434511488440-102540
Changes in Working Capital -142-194590742-575-142-9770-4295
Tax Paid -89-135-44-21-80-10812-58-209-317
Cash Flow From Investing Activity -102-389-354-1,825-1,394-362-950-2,841-1,536-1,859
Capex -107-386-185-1,501-1,461-742-123-1,227-1,825-1,673
Net Investments -13310-243-341151312-868-1,5901,177-219
Others 138-137418-846841-24-88933
Cash Flow From Financing Activity -455-71-1,1082771,053-2875222,228132-299
Net Proceeds from Shares 327622551,0911056
Net Proceeds from Borrowing 20491-27435235-65-18141-454475
Interest Paid -402-447-432-352-333-302-368-279-367-381
Dividend Paid -37-73-8-44-48-560-17-43-90
Others -39-318-3966361,194132-202,474990-310
Net Cash Flow 738-43-339903167-483
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)5.124.449.118.4814.659.950.784.2819.7414.92
ROCE (%)10.4410.9611.9710.3512.9610.54.416.3317.3515.27
Asset Turnover Ratio0.250.260.260.210.220.190.10.120.170.22
PAT to CFO Conversion(x)6.566.067.477.140.762.0812.713.150.921.63
Working Capital Days
Receivable Days46514331303792743623
Inventory Days25625722718114416127718713691
Payable Days168145169300214239484398354127

The Phoenix Mills Ltd Stock News

The Phoenix Mills Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Phoenix Mills on 05-Nov-2024 00:00 is ₹1,500.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 05-Nov-2024 00:00 the market cap of Phoenix Mills stood at ₹53,657.2.
The latest P/E ratio of Phoenix Mills as of 05-Nov-2024 00:00 is 161.1.
The latest P/B ratio of Phoenix Mills as of 05-Nov-2024 00:00 is 10.30.
The 52-week high of Phoenix Mills is ₹2,068.2 and the 52-week low is ₹994.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Phoenix Mills is ₹469.2 ( Cr.) .

About The Phoenix Mills Ltd

Incorporated in 1905, Phoenix Mills Ltd started as textile manufacturing company. It is engaged in property development business. The company has carved a niche for itself in the Indian real estate sector, be it mega retail malls, entertainment complexes, commercial spaces or hospitality units. The Company is a public limited company domiciled in India and is incorporated under the provisions of the Companies Act applicable in India. Its operations span across most aspects of real estate development; planning, execution, marketing, management, maintenance & sales. The group has real estate assets in Mumbai, Bengaluru, Chennai, Pune, Raipur, Agra, Indore, Lucknow, Bareilly & Ahmedabad and many other cites.

Business area of the company

Phoenix Mills is engaged in the development and leasing of commercial and retail space.

Business

  • Retail
  • Commercial
  • Hospitality
  • Residential

Awards

2018

  • Most admired shopping centre of the year - National
  • Shopping centre of the year Luxury
  • Shopping centre of the year Luxury West
  • Best Digital Marketing Campaign of the year - HSPWISHCIRCLE (Palladium)
  • Best Customer experience - shopping mall- Phoenix MarketCity, Mumbai
  • Best digital marketing campaign - HAUTESPRING
  • Shopping centre of the year west- Phoenix MarketCity, Mumbai
  • Popular Shopping Mall- Phoenix MarketCity, Mumbai
  • Popular F&B Destination of the City - Dublin Square- Phoenix MarketCity, Mumbai
  • Developer Website India- Residential Kessaku

2019

  • For Brand excellence in Retail & Real Estate Sector
  • Brand Excellence Awards
  • Best festive décor
  • Best Retail Estate Developer Shopping Malls (HSP and Palladium)- Phoenix Market City, Bangalore
  • Best Thematic Decoration Tallest Christmas Tree in the Country A Times Network 2018- The Time Trailblazers Award
  • Excellence and Leadership in Branding & Marketing Market Leadership Award
  • Most Luxurious Shopping Destination of the year (Palladium)- Phoenix MarketCity and Palladium Chennai
  • Best Shopping Mall (PMC Chennai)
  • Shopping Centre (Luxury) (Palladium Chennai)
  • Bengaluru Brand Summit & HOT Brands 2019- Residential Kessaku

2020

  • Most admired shopping centre of the year - marketing and consumer promotions
  • Shopping centre of the year
  • Most admired shopping centre of the year - Retailers Choice (Palladium)
  • Shopping centre of the year Luxury West (Palladium)
  • Best Retail Estate Developer Shopping Malls (HSP and Palladium)
  • Best IP of the year - Phoenix Festival Season 2
  • Most Admired Marketing Campaign of the Year - Holiday Land Most admired shopping centre of the year- Phoenix Market City, Bangalore

Milestones

  • 1905- The Phoenix Mills Limited commences operations as a textile manufacturing company on 17.3 acres land at Lower Parel in Mumbai, with the objective of manufacturing cotton textile goods.
  • 1959- The Phoenix Mills Limited, owned by the Ruia family, was listed on the Bombay Stock Exchange.
  • 1986- Made operational Phoenix House commercial centre.
  • 1987- The company entered into the growing real estate market where High Street Phoenix emerged as the most frequented destination in Mumbai.
  • 1996- Opened doors to The Bowling Co., India’s first bowling company with the largest 20-lane bowling concourse and gaming arcade, sports bar and night-club Fire & Ice, to add the crucial element of entertainment to the burgeoning HSP Complex.
  • 2001- Introduced India ‘s first hyper market concept with the launch of Big Bazaar’s first store at the High Street Phoenix, Mumbai, along with Food Bazaar. With this, HSP gradually emerged as a model for India in terms of retail-led development centres.
  • 2003- Launched Pantaloons and Lifestyle departmental stores within the HSP Complex, each covering approximately 50,000 sq. ft. of retail shopping.
  • 2004- The High Street Phoenix Complex announced the launch of a multi-levelled SkyZone with anchor stores of leading national and international brand retail outlets.
  • 2005- The Phoenix Group celebrated its centenary, 100 years of commencing operations as a textile mill in 1905. With a heritage lasting over 10 decades, the group is proudly credited with having catalysed a wave of shopping revolution in India.
  • 2006- Announced the launch of Palladium Hotel, a five-star luxury hotel, with a first-of-its-kind sky lobby. Set up a 7-screen multiplex within the HSP Complex at Lower Parel.
  • 2007- Announced development of four Phoenix Marketcity Malls in Pune, Bengaluru, Mumbai and Chennai.
  • 2009- Launched Palladium Mall, an architecturally designed first-of-its-kind super luxury premium and iconic mall in High Street Phoenix Complex, housing super luxury national and international brands. Launched East Court within the Phoenix Marketcity ecosystem in Pune, housing a blend of retail and commercial spaces.
  • 2011- Launched Phoenix MarketCity at Pune, located in close proximity to the emerging upper middle-income group residential areas. Launched Phoenix MarketCity at Whitefield, Bengaluru’s IT hub, and Phoenix Marketcity in Kurla, a mixed-use development asset in the eastern suburb of Mumbai, with over 300 national and international brands.
  • 2012- Launched Palladium Hotel, a five-star luxury hotel, nestled above the premium Palladium Mall within the High Street Phoenix Complex. Launched One Bangalore West at Bengaluru, with 30-storey high-rise towers combining luxury and comfort. Launched Art Guild House and Phoenix Paragon Plaza, state-of-the-art commercial complexes within Phoenix Marketcity, Mumbai.
  • 2013- Launched Phoenix Marketcity Mall at Velachery, Chennai, a mixed use asset with 300-plus stores and four-and-a-half levels of shopping area, marking the convergence of shopping, dining, entertainment, art, architecture and design.
  • 2014- HSP Complex clocked an average ticket size per customer of ` 700, as total footfalls jumped to 19.5 million. The monthly average footfall jumped to over 1.6 million vis-à-vis 1.4 million in the previous year.
  • 2015- Launched Courtyard by Marriott at Agra; exclusive luxury residential project at Bengaluru and operationalised 5 in-house F&B outlets at some of its retail assets.
  • 2016- The St. Regis, Mumbai, the premiere most brand in Starwood Hotels portfolio begins operations from Sept’15. PML raised Rs 2,830 mn via Qualified Institutional Placement (QIP) in July 2015.
  • 2017- Partnered with CPPIB to develop, own and operate retail-led mixed-use developments across India through its 100% subsidiary that houses Phoenix MarketCity, Bengaluru (ISMDPL). CPPIB to invest over Rs 16 Billion in ISMDPL.
  • 2018- Acquired two brownfield and three greenfield land parcels with estimated Retail GLA of 4.9 Msft and additional development potential of 2.8 Msft.
  • 2019- Growth of retail profile from 6.9 msf to 12 msf
  • 2020- Phoenix Palassio, Lucknow became operational in record time of 24 months from the acquisition date with Retail GLA of 0.9 msft.
  • 2020- Successfully raised Rs 11,000 mn of equity capital by the way of QIP from marquee investors
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.