The Phoenix Mills Ltd.

BSE: PHOENIXLTD503100ISIN INE211B01039

Consumer Discretionary
Residential, Commercial Projects
BSE 200

BSE listing

Share price

₹1,877.00+4.35 (+0.23%)

as of 18 Sep 2026

52W high: ₹2,168.65
52W low: ₹1,465.30
Off 52W high: -13.45%
1M return: -1.99%
3M return: -0.20%
6M return: +21.52%
1Y return: +15.47%
20D avg volume: 21,865
50 DMA: ₹1,952.44
200 DMA: ₹1,810.57

Key ratios Consolidated

Market cap: ₹67,136 Cr
Current price: ₹1,877.00
52W high / low: ₹2,168.65 / ₹1,465.30
Face value: ₹2.00
P/E: 41.18
P/B: —
EPS (TTM): ₹45.58
Book value / share: —
ROE: —
ROCE: 11.80%
Operating margin: —
Net margin: —
Debt / equity: 0.37
Net debt: ₹5,114 Cr
Interest cover: 6.25
Dividend yield: 0.13%
Dividend / share (TTM): ₹2.50
Payout: 5.48%
Cash conversion cycle: 72.7 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	1,075	1,233	1,121	1,115	952.99	1,016	975.13	917.97	904.14	1,306	986.09	875.02
	40.22	61.16	47.28	30.79	31.52	45.15	30.40	37.10	38.26	37.19	34.40	31.62
	622.76	670.36	653.54	631.67	577.30	641.04	606.46	580.92	553.71	854.50	604.08	531.45
	49.09	55.30	61.34	50.75	126.31	52.58	74.40	48.93	34.53	70.30	33.67	33.59
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	105.49	91.20	109.38	107.52	96.25	86.98	98.65	88.45	88.60	73.92	87.53	73.07
	93.84	97.41	102.35	91.94	95.15	94.12	102.88	103.10	103.11	99.55	104.19	96.48
	95.51	89.36	86.28	91.23	93.45	90.23	81.27	77.53	77.48	75.72	65.61	65.91
	283.79	294.87	288.81	262.04	244.43	297.85	217.08	198.71	192.61	273.58	225.54	164.66
	492.40	624.01	514.94	514.54	407.21	420.44	399.07	374.15	388.69	488.64	416.41	375.19
	0.00	-4.00	-24.99	0.00	0.00	-2.73	15.98	0.00	-0.51	0.00	0.00	0.00
	492.40	620.01	489.95	514.54	407.21	417.71	415.05	374.15	388.18	488.64	416.41	375.19
	98.85	134.30	121.82	131.70	87.29	71.20	64.12	83.50	74.74	99.85	72.42	71.37
	394.51	485.40	366.16	384.09	320.86	347.70	352.77	292.16	314.71	391.58	344.86	305.27
	8.30	11.28	7.71	8.50	6.73	7.52	7.41	8.17	13.01	18.09	15.66	14.15
Key metrics
	681.75	806.78	678.58	697.71	595.81	602.06	599.20	554.78	568.77	663.91	586.21	537.58
	63.40%	65.40%	60.50%	62.60%	62.50%	59.20%	61.40%	60.40%	62.90%	50.80%	59.40%	61.40%
	36.70%	39.40%	32.70%	34.40%	33.70%	34.20%	36.20%	31.80%	34.80%	30.00%	35.00%	34.90%
	—	3.50%	—	3.00%	—	2.70%	—	—	—	—	—	—
	12.80%	21.30%	15.00%	21.50%	5.40%	-22.20%	-1.10%	4.90%	—	—	—	—
	23.00%	39.60%	3.80%	31.50%	2.00%	-11.20%	2.30%	-4.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	4,545	4,423	3,814	3,978	2,638	1,483	1,073	1,941	1,982	1,620
	179.45	170.75	150.90	132.18	116.30	74.44	92.29	58.50	85.13	55.62
	2,578	2,533	2,382	2,467	1,688	1,230	1,136	1,529	1,543	1,388
	216.48	293.69	210.45	186.96	592.15	89.18	33.21	81.85	460.90	176.88
	0.00	0.00	0.00	—	—	—	—	—	—	—
	413.59	404.35	362.69	298.95	232.47	156.93	112.53	165.53	161.50	147.27
	385.54	386.84	403.21	395.87	341.18	294.46	347.81	347.82	350.58	347.61
	362.38	360.31	326.52	270.20	227.81	185.85	209.44	207.62	204.23	—
	1,130	1,090	1,071	811.10	611.11	415.01	302.38	455.75	443.90	385.71
	2,146	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
	2,117	2,032	1,595	1,643	1,671	328.05	29.23	477.97	571.56	287.12
	486.67	475.10	293.57	316.60	198.94	80.06	4.68	122.09	109.87	75.80
	1,630	1,557	1,307	1,333	1,478	268.20	47.74	388.50	497.00	255.55
	35.79	34.23	27.53	61.36	74.76	13.31	3.20	21.82	27.48	—
Key metrics
	2,865	2,779	2,325	2,309	2,240	808.36	586.48	1,033	1,126	634.73
	63.04%	62.80%	61.00%	58.00%	84.90%	54.50%	54.60%	53.20%	56.80%	39.20%
	35.87%	35.20%	34.30%	33.50%	56.00%	18.10%	4.40%	20.00%	25.10%	15.80%
	—	11.80%	10.40%	—	—	—	—	—	—	—
	—	16.00%	-4.10%	50.80%	77.80%	38.20%	-44.70%	-2.00%	22.30%	—
	—	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	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	147.45	135.45	145.63	137.33	125.53	124.86	127.46	115.58	118.23	115.60	119.84	112.41
	6.20	7.14	27.11	95.44	5.63	21.65	14.04	104.52	6.04	5.29	4.82	92.69
	80.95	72.29	84.00	83.09	83.32	90.23	76.88	70.13	66.10	63.52	66.72	62.95
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	9.71	6.71	9.38	12.42	10.89	7.76	12.52	8.31	9.11	8.10	12.17	9.15
	13.58	13.76	19.34	16.19	17.08	19.23	18.63	18.11	16.77	15.94	16.21	15.97
	20.36	15.22	16.67	16.23	22.29	15.85	11.98	8.68	8.13	10.76	8.09	8.03
	37.29	36.60	38.62	38.25	33.06	47.39	29.56	30.48	28.62	25.79	26.90	26.03
	72.70	70.30	88.74	149.69	47.85	56.27	64.62	149.97	58.17	57.37	57.94	142.15
	0.00	-4.43	-25.05	0.00	0.00	-6.99	—	—	47.38	—	—	—
	72.70	65.86	63.69	149.69	47.85	49.28	64.62	149.97	105.54	57.37	57.94	142.15
	11.15	11.06	17.89	20.33	7.13	2.29	8.80	16.06	9.54	4.50	7.72	16.21
	61.55	54.80	45.80	129.36	40.72	51.57	55.81	133.92	96.00	52.87	50.22	125.94
	1.72	1.53	1.28	3.62	1.14	1.44	1.56	3.75	5.36	2.91	2.81	7.05
Key metrics
	106.64	94.84	99.70	182.11	87.22	84.36	95.23	176.76	130.44	84.07	82.24	166.15
	72.30%	70.00%	68.50%	132.60%	69.50%	67.60%	74.70%	152.90%	110.30%	72.70%	68.60%	147.80%
	41.70%	40.50%	31.40%	94.20%	32.40%	41.30%	43.80%	115.90%	81.20%	45.70%	41.90%	112.00%
	—	1.30%	—	2.70%	—	1.10%	—	—	—	—	—	—
	17.50%	8.50%	14.30%	18.80%	6.20%	8.00%	6.40%	2.80%	—	—	—	—
	51.20%	6.30%	-17.90%	-3.40%	-57.60%	-2.50%	11.10%	6.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	565.86	543.94	486.12	465.71	476.51	283.59	249.18	444.43	440.33	397.21
	135.89	135.33	146.25	108.72	63.91	89.44	297.57	42.48	62.61	52.68
	320.33	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	—	—	—	—	—	—	—
	38.22	39.39	37.70	36.06	32.52	21.19	12.68	23.38	24.20	17.20
	62.87	66.37	72.74	64.59	65.82	63.61	62.41	75.78	77.75	74.50
	68.48	70.41	44.63	34.76	30.65	28.66	42.38	46.31	44.20	40.29
	150.76	146.52	148.27	103.20	110.40	90.38	—	118.00	102.46	84.72
	381.43	356.57	329.03	321.23	287.79	161.37	316.25	179.56	209.30	190.11
	-29.48	-29.49	40.39	—	48.44	233.09	—	-1.25	—	—
	351.94	327.08	369.42	321.23	336.23	394.46	316.25	178.31	209.30	190.11
	60.43	56.41	32.12	41.02	45.83	24.59	23.99	30.75	36.21	35.28
	291.51	270.68	337.30	280.21	290.40	369.88	292.26	147.56	173.09	154.83
	8.15	7.57	9.44	15.64	16.26	20.74	17.76	9.62	11.30	—
Key metrics
	483.29	463.86	486.79	420.58	432.70	486.73	421.04	300.40	331.25	304.90
	85.41%	85.30%	100.10%	90.30%	90.80%	171.60%	169.00%	67.60%	75.20%	76.80%
	51.52%	49.80%	69.40%	60.20%	60.90%	130.40%	117.30%	33.20%	39.30%	39.00%
	—	6.30%	7.30%	—	—	—	—	—	—	—
	—	11.90%	4.40%	-2.30%	68.00%	13.80%	-43.90%	0.90%	10.90%	—
	—	-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%
Sales CAGR 10Y: —
Profit CAGR 3Y: -2.32%
Profit CAGR 5Y: -1.52%
Profit CAGR 10Y: —
Sales YoY (TTM): +14.68%
Profit YoY (TTM): +3.37%

Consolidated

Sales CAGR 3Y: +18.79%
Sales CAGR 5Y: +32.74%
Sales CAGR 10Y: —
Profit CAGR 3Y: +1.75%
Profit CAGR 5Y: +100.75%
Profit CAGR 10Y: —
Sales YoY (TTM): +17.67%
Profit YoY (TTM): +24.11%

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 Jun 2026

Promoter holding: 47.24%

Holder	Type	Holding	Previous	Change
Ruia International Holding Company Private Limited	Promoter Group	31.10%	—	—
Senior Advisory Services Private Limited	Promoter Group	8.10%	—	—
Ashok Atul Private Limited	Promoter Group	5.41%	—	—
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Midcap Fund	Public	2.31%	—	—
Atul Ashokkumar Ruia	Promoter	2.12%	—	—
Icici Prudential Focus Equity Fund	Public	2.05%	—	—
Dsp Midcap Fund	Public	1.62%	—	—
Government Of Singapore	Public	1.58%	—	—
Polar Capital Funds Plc - Emerging Market Stars Fund	Public	1.51%	—	—
Uti-Mid Cap Fund	Public	1.22%	—	—
Invesco India Focused Fund	Public	1.21%	—	—
Schroder International Selection Fund Asian Opportunities	Public	1.10%	—	—
Sharanya A.Ruia Beneficiary Trust	Promoter Group	0.16%	—	—
Sharmila Dalmia Family Trust	Promoter Group	0.10%	—	—
Radhakrishna Ramnarain Private Limited	Promoter Group	0.09%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

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
Please refer the attached letter.2 Sep 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter.2 Sep 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter.2 Sep 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter.2 Sep 2026 · Company Update / Allotment of ESOP / ESPS
Please refer the attached letter.2 Sep 2026 · AGM/EGM / AGM
Please refer the attached letter.2 Sep 2026 · Corp. Action / Record Date
Please refer the attached letter.2 Sep 2026 · Company Update / Newspaper Publication
Please refer the attached letter.1 Sep 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter.1 Sep 2026 · Company Update / Credit Rating
Please refer the attached letter.28 Aug 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter.26 Aug 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter.19 Aug 2026 · Company Update / Acquisition
Please refer the attached letter.17 Aug 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter.14 Aug 2026 · Company Update / Analyst / Investor Meet
please refer attached letter13 Aug 2026 · Company Update / General
Please refer the attached letter.12 Aug 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter.10 Aug 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter.10 Aug 2026 · Company Update / Allotment of Equity Shares
Please refer the attached letter.5 Aug 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter.5 Aug 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter.5 Aug 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter.5 Aug 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter.5 Aug 2026 · Company Update / Newspaper Publication
Please refer the attached letter.3 Aug 2026 · Company Update / Earnings Call Transcript
Please refer the attached letter.29 Jul 2026 · Company Update / General
Please refer the attached letter.29 Jul 2026 · Company Update / Analyst / Investor Meet
Please refer the attached letter.29 Jul 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

28 Jul 2026 Board Meeting - Financial Results