The Phoenix Mills Ltd.

BSE: PHOENIXLTD503100ISIN INE211B01039

Consumer Discretionary
Residential, Commercial Projects
BSE 200

Share price

₹2,071.45+14.45 (+0.70%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

Splits and bonuses

20 Sep 2024 · Bonus 1:1

52W high: ₹2,168.65
52W low: ₹1,465.30
Off 52W high: -4.48%
1M return: +7.38%
3M return: +7.58%
6M return: +12.68%
1Y return: +17.13%
20D avg volume: 38,951
50 DMA: ₹1,913.25
200 DMA: ₹1,827.61

Key ratios Consolidated

Market cap: ₹74,091 Cr
Current price: ₹2,071.45
52W high / low: ₹2,168.65 / ₹1,465.30
Face value: ₹2.00
P/E: 44.28
P/B: 8.14
EPS (TTM): ₹46.78
Book value / share: ₹254.40
ROE: —
ROCE: 11.80%
Operating margin: —
Net margin: —
Debt / equity: 0.37
Net debt: ₹5,114 Cr
Interest cover: 6.25
Dividend yield: 0.12%
Dividend / share (TTM): ₹2.50
Payout: 5.34%
Cash conversion cycle: 72.7 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	1,153	1,075	1,233	1,121	1,115	952.99	1,016	975.13	917.97	904.14	1,306	986.09
	36.29	40.22	61.16	47.28	30.79	31.52	45.15	30.40	37.10	38.26	37.19	34.40
	1,189	1,115	1,294	1,168	1,146	984.50	1,061	1,006	955.06	942.40	1,343	1,020
	639.45	622.76	670.36	653.54	631.67	577.30	641.04	606.46	580.92	553.71	854.50	604.08
	44.61	49.09	55.30	61.34	50.75	126.31	52.58	74.40	48.93	34.53	70.30	33.67
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	104.96	105.49	91.20	109.38	107.52	96.25	86.98	98.65	88.45	88.60	73.92	87.53
	103.16	93.84	97.41	102.35	91.94	95.15	94.12	102.88	103.10	103.11	99.55	104.19
	93.80	95.51	89.36	86.28	91.23	93.45	90.23	81.27	77.53	77.48	75.72	65.61
	283.74	283.79	294.87	288.81	262.04	244.43	297.85	217.08	198.71	192.61	273.58	225.54
	549.64	492.40	624.01	514.94	514.54	407.21	420.44	399.07	374.15	388.69	488.64	416.41
	0.00	0.00	-4.00	-24.99	0.00	0.00	-2.73	15.98	0.00	-0.51	0.00	0.00
	549.64	492.40	620.01	489.95	514.54	407.21	417.71	415.05	374.15	388.18	488.64	416.41
	125.58	98.85	134.30	121.82	131.70	87.29	71.20	64.12	83.50	74.74	99.85	72.42
	427.00	394.51	485.40	366.16	384.09	320.86	347.70	352.77	292.16	314.71	391.58	344.86
	9.11	8.30	11.28	7.71	8.50	6.73	7.52	7.41	8.17	13.01	18.09	15.66
Key metrics
	746.60	681.75	806.78	678.58	697.71	595.81	602.06	599.20	554.78	568.77	663.91	586.21
	64.80%	63.40%	65.40%	60.50%	62.60%	62.50%	59.20%	61.40%	60.40%	62.90%	50.80%	59.40%
	37.00%	36.70%	39.40%	32.70%	34.40%	33.70%	34.20%	36.20%	31.80%	34.80%	30.00%	35.00%
	3.20%	—	3.50%	—	3.00%	—	2.70%	—	—	—	—	—
	3.40%	12.80%	21.30%	15.00%	21.50%	5.40%	-22.20%	-1.10%	—	—	—	—
	11.20%	23.00%	39.60%	3.80%	31.50%	2.00%	-11.20%	2.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	4,582	4,423	3,814	3,978	2,638	1,483	1,073	1,941	1,982	1,620
	184.95	170.75	150.90	132.18	116.30	74.44	92.29	58.50	85.13	55.62
	4,767	4,594	3,964	4,110	2,755	1,558	1,166	2,000	2,067	1,675
	2,586	2,533	2,382	2,467	1,688	1,230	1,136	1,529	1,543	1,388
	210.34	293.69	210.45	186.96	592.15	89.18	33.21	81.85	460.90	176.88
	0.00	0.00	0.00	—	—	—	—	—	—	—
	411.03	404.35	362.69	298.95	232.47	156.93	112.53	165.53	161.50	147.27
	396.76	386.85	403.21	395.87	341.18	294.46	347.81	347.82	350.58	347.61
	364.95	360.31	326.52	270.20	227.81	185.85	209.44	207.62	204.23	—
	1,151	1,090	1,071	811.10	611.11	415.01	302.38	455.75	443.90	385.71
	2,181	2,061	1,582	1,643	1,066	328.05	29.23	470.21	523.46	287.12
	-28.99	-28.98	12.75	0.00	605.20	0.00	0.00	7.77	48.10	0.00
	2,152	2,032	1,595	1,643	1,671	328.05	29.23	477.97	571.56	287.12
	480.55	475.10	293.57	316.60	198.94	80.06	4.68	122.09	109.87	75.80
	1,673	1,557	1,307	1,333	1,478	268.20	47.74	388.50	497.00	255.55
	36.40	34.23	27.53	61.36	74.76	13.31	3.20	21.82	27.48	—
Key metrics
	2,914	2,779	2,325	2,309	2,240	808.36	586.48	1,033	1,126	634.73
	63.59%	62.80%	61.00%	58.00%	84.90%	54.50%	54.60%	53.20%	56.80%	39.20%
	36.51%	35.20%	34.30%	33.50%	56.00%	18.10%	4.40%	20.00%	25.10%	15.80%
	—	11.80%	10.40%	—	—	—	—	—	—	—
	12.86%	16.00%	-4.10%	50.80%	77.80%	38.20%	-44.70%	-2.00%	22.30%	—
	19.04%	19.10%	-1.90%	-9.80%	450.90%	461.80%	-87.70%	-21.80%	94.50%	—
	—	1,029	-533.73	—	—	—	—	—	—	—
	—	1.56	1.59	—	—	—	—	—	—	—
	—	0.37	0.34	—	—	—	—	—	—	—
	—	5,114	4,440	—	—	—	—	—	—	—
	—	72.7	76.7	—	—	—	—	—	—	—
Balance sheet
	—	22,853	21,531	—	—	—	—	—	—	—
	—	3,123	2,696	—	—	—	—	—	—	—
	—	181.41	222.67	—	—	—	—	—	—	—
	—	316.78	230.19	—	—	—	—	—	—	—
	—	776.39	773.91	—	—	—	—	—	—	—
	—	82.01	68.68	—	—	—	—	—	—	—
	—	2,283	2,280	—	—	—	—	—	—	—
	—	211.79	203.20	—	—	—	—	—	—	—
	—	2,429	2,368	—	—	—	—	—	—	—
	—	5,296	4,663	—	—	—	—	—	—	—
	—	591.34	816.04	—	—	—	—	—	—	—
	—	4,704	3,847	—	—	—	—	—	—	—
	—	14,305	13,853	—	—	—	—	—	—	—
Cash flow
	—	2,426	2,084	—	—	—	—	—	—	—
	—	-1,646	-2,162	—	—	—	—	—	—	—
	—	-730.55	-47.27	—	—	—	—	—	—	—
	—	1,397	2,617	—	—	—	—	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	140.94	147.45	135.45	145.63	137.33	125.53	124.86	127.46	115.58	118.23	115.60	119.84
	104.99	6.20	7.14	27.11	95.44	5.63	21.65	14.04	104.52	6.04	5.29	4.82
	245.93	153.65	142.58	172.74	232.78	131.17	146.50	141.50	220.10	124.27	120.89	124.66
	82.26	80.95	72.29	84.00	83.09	83.32	90.23	76.88	70.13	66.10	63.52	66.72
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	10.40	9.71	6.71	9.38	12.42	10.89	7.76	12.52	8.31	9.11	8.10	12.17
	13.68	13.58	13.76	19.34	16.19	17.08	19.23	18.63	18.11	16.77	15.94	16.21
	20.70	20.36	15.22	16.67	16.23	22.29	15.85	11.98	8.68	8.13	10.76	8.09
	37.48	37.29	36.60	38.62	38.25	33.06	47.39	29.56	30.48	28.62	25.79	26.90
	163.67	72.70	70.30	88.74	149.69	47.85	56.27	64.62	149.97	58.17	57.37	57.94
	-12.15	0.00	-4.43	-25.05	0.00	0.00	-6.99	—	—	47.38	—	—
	151.52	72.70	65.86	63.69	149.69	47.85	49.28	64.62	149.97	105.54	57.37	57.94
	24.38	11.15	11.06	17.89	20.33	7.13	2.29	8.80	16.06	9.54	4.50	7.72
	127.14	61.55	54.80	45.80	129.36	40.72	51.57	55.81	133.92	96.00	52.87	50.22
	3.56	1.72	1.53	1.28	3.62	1.14	1.44	1.56	3.75	5.36	2.91	2.81
Key metrics
	185.90	106.64	94.84	99.70	182.11	87.22	84.36	95.23	176.76	130.44	84.07	82.24
	131.90%	72.30%	70.00%	68.50%	132.60%	69.50%	67.60%	74.70%	152.90%	110.30%	72.70%	68.60%
	90.20%	41.70%	40.50%	31.40%	94.20%	32.40%	41.30%	43.80%	115.90%	81.20%	45.70%	41.90%
	2.60%	—	1.30%	—	2.70%	—	1.10%	—	—	—	—	—
	2.60%	17.50%	8.50%	14.30%	18.80%	6.20%	8.00%	6.40%	—	—	—	—
	-1.70%	51.20%	6.30%	-17.90%	-3.40%	-57.60%	-2.50%	11.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	569.47	543.94	486.12	465.71	476.51	283.59	249.18	444.43	440.33	397.21
	145.44	135.33	146.25	108.72	63.91	89.44	297.57	42.48	62.61	52.68
	714.90	679.27	632.37	574.44	540.43	373.03	546.75	486.91	502.94	449.89
	319.50	322.69	303.34	253.21	252.64	211.66	230.50	307.35	293.64	259.78
	0.00	0.00	0.00	—	—	—	—	—	—	—
	0.00	0.00	0.00	—	—	—	—	—	—	—
	36.20	39.39	37.70	36.06	32.52	21.19	12.68	23.38	24.20	17.20
	60.36	66.37	72.74	64.59	65.82	63.61	62.41	75.78	77.75	74.50
	72.95	70.41	44.63	34.76	30.65	28.66	42.38	46.31	44.20	40.29
	149.99	146.52	148.27	103.20	110.40	90.38	—	118.00	102.46	84.72
	395.41	356.57	329.03	321.23	287.79	161.37	316.25	179.56	209.30	190.11
	-41.63	-29.49	40.39	—	48.44	233.09	—	-1.25	—	—
	353.77	327.08	369.42	321.23	336.23	394.46	316.25	178.31	209.30	190.11
	64.48	56.41	32.12	41.02	45.83	24.59	23.99	30.75	36.21	35.28
	289.29	270.68	337.30	280.21	290.40	369.88	292.26	147.56	173.09	154.83
	8.09	7.57	9.44	15.64	16.26	20.74	17.76	9.62	11.30	—
Key metrics
	487.08	463.86	486.79	420.58	432.70	486.73	421.04	300.40	331.25	304.90
	85.53%	85.30%	100.10%	90.30%	90.80%	171.60%	169.00%	67.60%	75.20%	76.80%
	50.80%	49.80%	69.40%	60.20%	60.90%	130.40%	117.30%	33.20%	39.30%	39.00%
	—	6.30%	7.30%	—	—	—	—	—	—	—
	10.54%	11.90%	4.40%	-2.30%	68.00%	13.80%	-43.90%	0.90%	10.90%	—
	4.26%	-19.80%	20.40%	-3.50%	-21.50%	26.60%	98.10%	-14.70%	11.80%	—
	—	126.94	-370.12	—	—	—	—	—	—	—
	—	1.54	0.95	—	—	—	—	—	—	—
	—	0.12	0.14	—	—	—	—	—	—	—
	—	613.18	726.57	—	—	—	—	—	—	—
	—	0.3	-0.8	—	—	—	—	—	—	—
Balance sheet
	—	6,480	6,342	—	—	—	—	—	—	—
	—	546.43	551.03	—	—	—	—	—	—	—
	—	33.26	22.77	—	—	—	—	—	—	—
	—	27.08	22.88	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	7.00	4.86	—	—	—	—	—	—	—
	—	68.84	45.98	—	—	—	—	—	—	—
	—	26.68	24.01	—	—	—	—	—	—	—
	—	254.53	260.49	—	—	—	—	—	—	—
	—	646.44	749.34	—	—	—	—	—	—	—
	—	9.07	67.23	—	—	—	—	—	—	—
	—	637.37	682.11	—	—	—	—	—	—	—
	—	5,504	5,316	—	—	—	—	—	—	—
Cash flow
	—	417.50	320.44	—	—	—	—	—	—	—
	—	-158.47	-180.73	—	—	—	—	—	—	—
	—	-248.54	-57.95	—	—	—	—	—	—	—
	—	290.56	690.56	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +4.51%
Sales CAGR 5Y: +16.90%
Profit CAGR 3Y: -2.32%
Profit CAGR 5Y: -1.52%
Sales YoY (TTM): +10.54%
Profit YoY (TTM): +4.26%

Consolidated

Sales CAGR 3Y: +18.79%
Sales CAGR 5Y: +32.74%
Profit CAGR 3Y: +1.75%
Profit CAGR 5Y: +100.75%
Sales YoY (TTM): +12.86%
Profit YoY (TTM): +19.04%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 47.24%

Quarter	September 2026	June 2026
Promoter %	47.24%	47.24%

Holder	Type	Holding	Previous	Change
Ruia International Holding Company Private Limited	Promoter Group	31.10%	31.10%	0.00%
Senior Advisory Services Private Limited	Promoter Group	8.10%	8.10%	0.00%
Ashok Atul Private Limited	Promoter Group	5.41%	5.41%	0.00%
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Midcap Fund	Public	2.55%	2.31%	+0.24%
Atul Ashokkumar Ruia	Promoter	2.12%	2.12%	0.00%
Dsp Mid Cap Fund	Public	1.71%	—	—
Icici Prudential Focus Equity Fund	Public	1.67%	2.05%	-0.38%
Government Of Singapore	Public	1.59%	1.58%	+0.01%
Invesco India Focused Fund	Public	1.32%	1.21%	+0.11%
Polar Capital Funds Plc - Emerging Market Stars Fund	Public	1.29%	1.51%	-0.22%
Schroder International Selection Fund Asian Opportunities	Public	1.19%	1.10%	+0.09%
Uti-Mid Cap Fund	Public	1.10%	1.22%	-0.12%
Sharanya A.Ruia Beneficiary Trust	Promoter Group	0.16%	0.16%	0.00%
Sharmila Dalmia Family Trust	Promoter Group	0.10%	0.10%	0.00%
Radhakrishna Ramnarain Private Limited	Promoter Group	0.09%	0.09%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
DLF LIMITED	1,78,037	719.25	38.98	6.40%	-29.29% TTM	+6.62% TTM	-7.08%
Lodha Developers Limited	1,11,937	1,120.00	25.72	18.00%	+20.85% TTM	+30.60% TTM	-8.38%
The Phoenix Mills Ltd.	74,091	2,071.45	44.28	11.80%	+12.86% TTM	+19.04% TTM	+17.13%
Prestige Estates Projects Limited	67,971	1,578.05	53.72	13.00%	+67.46% TTM	+103.62% TTM	-9.58%
OBEROI REALTY LIMITED	61,938	1,703.45	23.54	16.70%	+16.64% TTM	+17.82% TTM	-4.40%
Godrej Properties Limited	52,394	1,739.35	39.27	12.00%	+49.99% TTM	-13.26% TTM	-24.13%
Brigade Enterprises Limited	17,657	541.20	21.22	9.90%	-4.37% TTM	+2.36% TTM	-29.23%
Anant Raj Limited	16,572	460.50	27.68	10.40%	+12.31% TTM	+21.36% TTM	-28.62%
Horizon Industrial Parks Limited	12,843	44.55	—	—	—	—	—
Sobha Limited	12,687	1,186.45	66.41	7.60%	+9.57% TTM	+28.50% TTM	-26.67%
ADITYA BIRLA REAL ESTATE LIMITED	11,861	1,061.90	16.98	-4.80%	-26.16% TTM	+413.97% TTM	-42.89%
Sri Lotus Developers and Realty Limited	11,331	231.85	37.10	16.70%	—	—	+30.55%
SIGNATUREGLOBAL (INDIA) LIMITED	9,954	707.50	9.54	36.30%	-22.98% TTM	+709.93% TTM	-34.25%
Max Estates Limited	8,424	515.00	695.54	1.20%	+16.57% TTM	-69.99% TTM	+7.89%
EMBASSY DEVELOPMENTS LIMITED	7,222	51.93	-6.80	-2.20%	-54.57% TTM	-514.70% TTM	-43.97%
Mahindra Lifespace Developers Ltd.	6,723	315.00	22.34	-0.90%	+839.32% TTM	+85.98% TTM	-22.90%
GANESH HOUSING LIMITED	5,278	632.95	23.57	17.80%	-29.50% TTM	-57.50% TTM	-24.55%
Kalpataru Limited	4,947	240.25	182.43	2.40%	—	—	-36.32%
Puravankara Limited	4,775	201.35	17.22	35.70%	+119.51% TTM	+194.89% TTM	-24.56%
VALOR ESTATE LIMITED	4,664	85.98	389.58	4.40%	-54.40% TTM	+113.15% TTM	-41.85%
Keystone Realtors Limited	4,546	359.90	34.71	5.30%	—	—	-35.90%
MAN INFRACONSTRUCTION LIMITED	4,331	107.30	19.63	11.80%	-9.75% TTM	-26.33% TTM	-25.90%
Sunteck Realty Ltd	4,306	293.25	19.69	6.70%	+47.87% TTM	+24.77% TTM	-36.07%
Kolte-Patil Developers Ltd	4,167	469.90	29.28	-0.80%	+37.11% TTM	+120.28% TTM	+8.63%
KESAR INDIA LIMITED	3,920	1,205.00	—	16.60%	—	—	+41.76%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

please refer the attached letter4 Nov 2026 · Company Update / Earnings Call Transcript
Please refer the attached letter.3 Nov 2026 · Company Update / Newspaper Publication
Please refer the attached letter.2 Nov 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter.31 Oct 2026 · Company Update / General
Please refer the attached letter.31 Oct 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter.31 Oct 2026 · Company Update / Newspaper Publication
Please refer the attached letter.30 Oct 2026 · Company Update / Investor Presentation
Please refer the attached letter.30 Oct 2026 · Result / Financial Results
Please refer the attached letter.30 Oct 2026 · Board Meeting / Outcome of Board Meeting
Please refer the attached letter.28 Oct 2026 · Company Update / Acquisition
Please refer the attached letter.26 Oct 2026 · Company Update / Analyst / Investor Meet
The Phoenix Mills Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/10/2026 ,inter alia, to consider and approve Unaudited Standalone & Consolidated ....23 Oct 2026 · Board Meeting / Board Meeting
Please refer the attached letter.19 Oct 2026 · Company Update / Allotment of ESOP / ESPS
Please refer the attached letter.15 Oct 2026 · Company Update / Scheme of Arrangement
Please refer the attached letter.10 Oct 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter.8 Oct 2026 · Company Update / General
Please refer the attached letter.8 Oct 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter.8 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please refer the attached letter.6 Oct 2026 · Company Update / Newspaper Publication
Please refer the attached letter.5 Oct 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter.5 Oct 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter.30 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Please refer the attached letter.28 Sep 2026 · Company Update / General
Please refer the attached letter.28 Sep 2026 · AGM/EGM / AGM
Please refer the attached letter.28 Sep 2026 · AGM/EGM / AGM
Please refer the attached letter.28 Sep 2026 · AGM/EGM / AGM
Please refer the attached letter.22 Sep 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter.17 Sep 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter.16 Sep 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter.11 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of effective date of scheme of merger and amalgamation between subsidiary companies.10 Sep 2026 · Company Update / Scheme of Arrangement
Please refer the attached letter.8 Sep 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter.7 Sep 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter relating to sanction of scheme of merger and amalgamation between subsidiary companies by National Company Law Tribunal, Chennai Bench.5 Sep 2026 · Company Update / Scheme of Arrangement
Please refer the attached letter.5 Sep 2026 · Company Update / Newspaper Publication
Please refer the attached letter.4 Sep 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Please refer the attached letter.4 Sep 2026 · Company Update / General
Please refer the attached letter.4 Sep 2026 · AGM/EGM / AGM
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, ....4 Sep 2026 · Others / Reg. 34 (1) Annual Report
Please refer the attached letter.3 Sep 2026 · Company Update / Newspaper Publication

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 2.5000	11 Sep 2026	11 Sep 2026	—
Final Dividend - Rs. - 2.5000	15 Sep 2025	15 Sep 2025	—
Bonus issue 1:1	20 Sep 2024	21 Sep 2024	—
Final Dividend - Rs. - 5.0000	20 Aug 2024	20 Aug 2024	—

Board meetings

30 Oct 2026 Board Meeting - Financial Results
28 Jul 2026 Board Meeting - Financial Results