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Phoenix Mills Ltd share Price Today

Company details

3,494.05
3,624.00
1,532.40
3,945.00
6M Return 60.55%
1Y Return 135.50%
Mkt Cap.(Cr) 64,121.84
Volume 295,975
Div Yield 0.14%
OI
-
OI Chg %
-
Volume 295,975

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Retail/hospitality portfolio continues to shine...
About The Stock

    Phoenix Mills (PML) is a leading retail mall developer and operator in India. It is into retail-led, mixed-use properties and has developed 17.5+ mn sq ft of retail, commercial, hospitality, and residential asset class.

    • PML has operational retail area of ~7.7 mn sq ft spread over 10 operational malls and is developing ~6 mn sq ft of retail space. It has ~2.5 mn sq ft operational in the commercial segment and plans to add ~4.5 mn sq ft
Q3FY23

    PML reported a strong operating performance.

    • Reported revenues grew ~60.9% YoY, 5% QoQ to ₹ 684 crore. Retail revenues grew ~59% YoY at ₹ 442.4 crore while hospitality revenues were up 123% YoY at ₹ 146.4 crore. We note that retail rental at ₹ 336 crore (up 59% YoY), was at ~121% of Q3FY20 (pre-Covid level) and ~109% on a like-to-like basis. Consumption in Q3FY23 at ₹ 2647 crore, was ~128% of Q3FY20 (pre-Covid), and ~114% on a like-to-like basis
    • Reported EBITDA margins were up 200 bps YoY to 56.2% (vs. estimates of 58%), with operating leverage kicking in on a YoY basis. The company reported PAT of ₹ 176.4 crore, up 78.4% YoY

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Research view on more stocks

Realty firm Phoenix Mills declares Q3FY22 result:

  • Consumption in Q3 FY22 stood at ~Rs 20,703 mn, and in 9M FY22 stood at ~Rs 33,415 mn
  • Consumption in Q3 FY22 (incl. Phoenix Palassio) was ~100% of Q3 FY20
  • Consumption in 9M FY22 (incl. Phoenix Palassio) was ~60% of 9M FY20; Note: extended lockdown in Maharashtra between April to Sept impacted six months of consumption

 

 

Result PDF

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Phoenix Mills Ltd shares SWOT Analysis

Strengths (12)

  • Stock passes majority of CANSLIM Investment criteria
  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity

Weakness (2)

  • MACD Crossover Below Signal Line
  • MFs decreased their shareholding last quarter

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (2)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)

Resistance and support

R1 3,643.5
R2 3,698.7
R3 3,773.5
Pivot

3,568.78

S1 3,513.6
S2 3,438.8
S3 3,383.6
EMA SMA
3,484.7
3,267.5
3,021.0
2,659.8
3,466.6
3,234.3
3,000.4
2,564.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
COPTHALL MAURITIUS INVESTMENT LIMITED Bulk Purchase 2024-05-31 3125.89 8360 NSE
BNP PARIBAS FINANCIAL MARKETS Bulk Sell 2024-05-31 3092.11 1467861 NSE
INTEGRATED CORE STRATEGIES (ASIA) PTE. LTD. Bulk Sell 2024-05-31 3093.85 1238467 NSE
Name Category Shares
Atul Ashokkumar Ruia PROMOTER 1.92%
Ruia International Holding Company Private Limited PROMOTER 31.12%
Senior Advisory Services Pvt.Ltd PROMOTER 8.11%
Ashok Apparels Pvt. Ltd. PROMOTER 5.41%

OUR RESEARCH VIEW

Trading recommendation

Call Date
09 Aug 2021
Entry Price 877.00
Target Price 1,020.00
Duration
Stop Loss -
Investment recommendation
Retail/hospitality portfolio continues to shine...
Call Date
09 Feb 2023
Entry Price 1,366.00
Target Price 1,650.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Phoenix Mills Ltd Stocks COMPARISON

Financials( in Cr) Phoenix Mills Ltd DLF Ltd Godrej Properties Ltd Prestige Estates Projects Ltd Oberoi Realty Ltd
Price 3,588.30 824.75 3,207.90 1,892.60 1,765.75
% Change 0.79 0.98 3.13 2.02 0.37
Mcap Cr 64,121.84 204,151.36 89,192.77 75,867.14 64,203.02
Revenue TTM Cr 2,638.35 5,694.83 2,252.26 8,315.00 4,495.79
Net Profit TTM Cr 1,472.50 1,100.92 620.60 1,066.80 1,926.60
PE TTM 58.51 74.83 123.00 55.25 36.52
1 Year Return 135.50 69.74 102.63 227.55 80.15
ROCE 11.89 4.51 5.64 10.43 16.30
ROE 12.60 2.97 5.80 8.57 14.79
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 8,379.76 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,542.69 26,564.54
LAST 3M 107,300.08 -872.81
LAST 6M 187,950.75 839.71
LAST 12M 304,454.24 86,051.23

Phoenix Mills Ltd Information

Stock PE (TTM)
58.51
Promoter Holding
47.28%
Book Value
529.1768
ROCE
11.89%
ROE
12.6%
Description
  • Phoenix Mills Limited is India’s largest mix-used real estate developer. The company is involved in developing retail malls, entertainment complexes, movie theatres, and other types of commercial spaces. The company’s specialty includes several key aspects of real estate development, including construction, planning, marketing, and management. The company has real estate assets across India but especially in Mumbai. The company’s headquarters are in Mumbai, Maharashtra.

    On 5 January 2023, the market capitalisation of the company was Rs 25,164.21 crore. It reported consolidated sales of Rs 283.6 crore at the end of September 2022. The total income of the company during the financial year 2022 was Rs 1,483.48 crore. The company is listed on the Bombay Stock Exchange with the code 503100 and listed on the National Stock Exchange (NSE) as PHOENIXLTD. 

    Atul Ruia is the managing director of the company. Shishir Shrivastava, Rajendra Kalkar, Rajesh Kulkarni, Amit Dabriwala, and Amit Dalal are the other directors, and Anuraag Srivastav is the chief financial officer of the company. DTS & Associates LLP are its auditors.

    On 5 January 2023, Phoenix Mills Limited’s share price on Rs 1415.6 on the BSE and Rs 1415.1 on the NSE. The share price touched a 52-week high of Rs 1,624.00 and a 52-week low of Rs 885.05. Its three-month return to investors was 3.01%, while its one-year return was 44.5%.

    The promoters of Phoenix Mills have a stake of 47.32% in the company, while FIIs have a stake of 31.60%. Domestic mutual funds and foreign institutional investors have a consolidated stake in the company of 16.67%. The public has a stake of 4.41% in the company.   

    As of November 2022, DSP Midcap Direct-G had invested Rs 517 crore in the company, while Motilal Oswal Midcap Direct-G and Motilal Oswal Flexi Cap Direct-G had invested Rs 364.2 and Rs 218.77 crore, respectively.

    The company’s TTM revenue stands at Rs 1,483.4 crore as of November 2022. During the same period, the company saw a net profit of Rs 247.9 crore.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

462 Senapati Bapat Marg, Lower Parel, Mumbai, Maharashtra, 400013

Tel : 91-022-24964307
Email : corpaffairs:highstreetphoenix.com; investorrelatio
Website : http://www.phoenixmills.com, www.thephoenixmills.c
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 503100
NSE Code : PHOENIXLTD
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE211B01039

FAQ’s on Phoenix Mills Ltd Shares

You can buy Phoenix Mills Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Phoenix Mills Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 28, 2024 03:56 PM the closing price of Phoenix Mills Ltd was Rs.3,588.30.

The latest PE ratio of Phoenix Mills Ltd as of Jun 28, 2024 03:56 PM is 58.51

The latest PB ratio of Phoenix Mills Ltd as of Jun 28, 2024 03:56 PM is 0.15

The 52-week high of Phoenix Mills Ltd share price is Rs. 3,945.00 while the 52-week low is Rs. 1,532.40

According to analyst recommendations, Phoenix Mills Ltd Share has a "Buy" rating for the long term.

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 Jun 28, 2024 03:56 PM, the market cap of Phoenix Mills Ltd stood at Rs. 64,121.84 Cr.

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