This analysis examines Phoenix Mills Ltd. (PHOENIXLTD) through the lens of its financial statements, valuation metrics, and institutional ownership patterns.
Phoenix Mills Revenue Trend
The numbers weren't encouraging on the revenue front: Phoenix Mills Ltd. reported ₹3,964 Cr in FY2025, 3.5% below FY2024 levels.
Phoenix Mills Ltd.'s revenue compounded at 9.1% over 10 years — not a breakout compounder, but steady enough to suggest a stable business.
In terms of scale, Phoenix Mills Ltd.'s ₹3,964 Cr in annual revenue positions it as a mid-sized construction company.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹3,964 Cr | -3.5% |
| FY2024 | ₹4,110 Cr | +49.2% |
| FY2023 | ₹2,755 Cr | +76.8% |
| FY2022 | ₹1,558 Cr | +45.2% |
| FY2021 | ₹1,073 Cr | — |
View Phoenix Mills Ltd.'s full 10-year revenue trend with CAGR analysis →
Phoenix Mills Profitability
A 1.9% decline brought Phoenix Mills Ltd.'s net profit down to ₹1,307 Cr in FY2025 from ₹1,333 Cr.
Net margin expanded to 33.0% in FY2025, up from 32.4% a year prior.
Per-share earnings moved to ₹27.52 in FY2025 from ₹30.66 in FY2024.
Is Phoenix Mills Undervalued
Per the P/E Ratio model, Phoenix Mills Ltd. has an estimated intrinsic value of ₹1,669 (2.4% downside).
Phoenix Mills Ltd. shares are currently trading at ₹1,710.40.
Craytheon also calculates intrinsic value using the EPS Growth model. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹1,669 | 2.4% downside to fair value |
| EPS Growth | Upgrade | Upgrade |
See all valuation models for Phoenix Mills Ltd. with detailed assumptions →
Phoenix Mills Shareholding Pattern
Promoter holding has remained stable at 47.2% over the past 4 quarters, indicating confidence in the company's direction.
FII holding stands at 33.0%, down from 36.3% in the year-ago quarter.
DII holding is at 16.1%, up from 12.7% in the year-ago quarter.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 47.2% | 33.0% | 16.1% | 3.6% |
| Dec 2025 | 47.2% | 33.9% | 15.3% | 3.6% |
| Sep 2025 | 47.2% | 33.5% | 15.5% | 3.8% |
| Jun 2025 | 47.3% | 36.3% | 12.7% | 3.7% |
Track quarterly shareholding changes for Phoenix Mills Ltd. →
Phoenix Mills Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
FY2025 total assets: ₹215.31B (up 11.7% YoY from ₹192.83B).
Top categories: Property, Plant & Equipment (79.0%), Other Assets (5.7%), Cash & ST Investments (5.6%).
Of the ₹215.31B in liabilities and equity, 64.3% is shareholder equity, 21.8% is interest-bearing debt, and 13.9% is operating liabilities. Over the year, debt is up 1.0% and equity is up 11.8%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 12.08B |
| Receivables | 2.30B |
| Inventories | 7.74B |
| Property, Plant & Equipment | 170.16B |
| Investments | 4.79B |
| Intangibles & Goodwill | 5.93B |
| Other Assets | 12.31B |
| Category | Value |
|---|---|
| Equity | 138.53B |
| Short-term Debt | 8.23B |
| Long-term Debt | 38.65B |
| Trade Payables | 2.03B |
| Other Liabilities | 27.88B |
Phoenix Mills Stock Analysis
Pulling it all together, here's what the numbers say about Phoenix Mills Ltd. (PHOENIXLTD) heading into the next fiscal year.
Revenue of ₹3,964 Cr in FY2025, down 3.5% year-over-year.
Long-term revenue has been compounding at 9.1% annually over 10 years.
The company is profitable, with a net margin of 33.0% and net income of ₹1,307 Cr.
The P/E Ratio model implies 2.4% downside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
Craytheon's full analysis of Phoenix Mills Ltd. goes deeper: three valuation models, growth metrics, and 10 years of financial data.