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Phoenix Mills

AHold / Watchlist
PHOENIXLTD · NSE · Large Cap · Real Estate
Real Estate
Fetching live…
1,680
1D 0.3%1M 1.5%1Y 8%
Fundamental (RQ-100)
67
Technical (TQ-100)
47
Valuation
44
Market cap
₹60.0K Cr
Live decision ratingB+Hold
Fundamental score breakdown
67/100
Growth Quality
18.1 / 20
Rev 1Y 24.0%, 3Y CAGR 28.0%, 5Y CAGR 18.0%
Margin & Profitability
15.0 / 15
EBITDA 58.0%, PAT 22.0%
Return on Capital
6.0 / 20
ROCE 11.0%, ROE 9.0%
Cash Flow Quality
7.0 / 15
OCF/EBITDA 0.70
Leverage
4.0 / 10
ND/EBITDA 2.50
Reinvestment
8.0 / 8
Capex/Sales 18.0%
Accounting
5.0 / 7
Governance
4.0 / 5
Technical score breakdown
47/100
Trend Structure
8.0 / 20
↓ 200 · ↓ 50 · ↓ 20
Momentum
8.0 / 15
1Y 8.0%, 1M 1.5%
Volume Dynamics
8.0 / 15
Vol30 —%
Relative Strength
8.0 / 15
1Y 8.0%
MA Cluster
5.0 / 10
Extension
5.0 / 10
—% from 50DMA
Volatility
4.0 / 8
Price Action
1.0 / 7
-100.0% from 52W H

Business

What this company actually does

Premium mall operator (High Streets, Marketcity).

Stores
Dark stores
Cities
Listed status
Listed

Format exposure

How direct is this play?

Primary formatReal Estate
Exposure typeDominant
Revenue visibilityMedium
Operating leverage stageMaturity
Policy beneficiaryNone
Data confidenceMedium

Financial snapshot

Live · green dot = live, falls back to curated

Revenue
₹4.4K Cr
Rev 1Y growth
24%
Rev 3Y CAGR
28%
EBITDA margin
58.0%
PAT margin
22.0%
ROE
9%
ROCE
11%
OCF/EBITDA
0.70
Net Debt/EBITDA
2.5

Financial statements

Multi-year P&L, balance sheet, cash flow — scraped live from Screener.in

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Valuation

Live multiples + retail-specific (curated)

P/E
60
Forward P/E
51
EV/EBITDA
32
EV/Sales
14.0
P/B
5.0
FCF Yield
1.9%

Mid-range valuation. Watch incremental ROCE.

Investment thesis

AI-generated · always cite sources before acting

Bull
Best-in-class 11% ROCE with 0.70 OCF conversion. Compounding revenue at 28% CAGR. Long-runway TAM with structural tailwinds.
Base
Earnings growth of ~31% over the next 3 years assuming margins hold. Multiple compression risk if growth slows; multiple expansion possible if Real Estate GMV outperforms.
Bear
Format-level risk: regulation, gig-cess, or competitive pressure compress contribution margin.
Variant perception
Consensus views Phoenix Mills as a quality compounder. Our differentiated take: the cyclical pessimism in Real Estate has overshot the long-term cash-flow potential.
Key monitorables
  • Quarterly EBITDA margin trajectory
  • Revenue growth vs management guidance
  • Capex discipline (currently elevated)
  • Promoter holding and ESOP dilution