Phoenix Mills Ltd.
NSE: PHOENIXLTDPhoenix Mills Ltd.: A 30-second snapshot
Phoenix Mills (PHOENIXLTD) is a Realty-sector developer trading at ₹1,738.5, up 17.7% over 12 months, above both its 50-DMA (₹1,678) and 200-DMA (₹1,674). The business has delivered a 5-year revenue CAGR of 33.7% and earnings CAGR of approximately 50%, though FCF has been positive in only 2 of the available years and the debt-to-equity ratio stands at 37.2 with a rising trend. RSI is 48.1, placing price momentum in neutral territory.
P/E
49.8
Forward P/E
33.7
ROE
+11.1%
Debt / Equity
37.21
Profit Margin
+27.7%
Div. Yield
+0.1%
5Y ROE > 15%
1/5
5Y FCF > 0
2/5
Quality
56/100
News
5 headlines · 2 positive · 0 negative
PHOENIXLTD: Strong revenue and EBITDA growth in FY 2026, with robust retail and office performance - TradingView
TradingView
Phoenix Mills Q4 FY26 results: Profit surges 50%, revenue up; dividend announced - Business Upturn
Business Upturn
The Phoenix Mills Ltd stock (INE671B01025): Schedules investor meeting amid recent market volatility - AD HOC NEWS
AD HOC NEWS
The Phoenix Mills Ltd stock (INE671B01025): Mixed price reaction after quarterly results and derivat - AD HOC NEWS
AD HOC NEWS
The Phoenix Mills Ltd stock (INE671B01025): India's leading retail REIT developer - AD HOC NEWS
AD HOC NEWS
Recent context
- ·Q4 FY26 results announced in late April 2026 showed profit up approximately 50% year-on-year with strong retail and office segment performance; a dividend was announced alongside the results per Business Upturn (2026-04-27).
- ·Despite the earnings beat, the stock showed a mixed price reaction following the results announcement (AD HOC NEWS, 2026-05-09), and the company has since scheduled an investor meeting amid what the source describes as recent market volatility (AD HOC NEWS, 2026-05-12).
- ·Mean analyst rating of 1.63 across 20 analysts (1–5 scale, lower = more constructive), with the latest description from AD HOC NEWS (2026-05-14) positioning the company as India's leading retail REIT developer.
Strengths
- +Five-year earnings CAGR of approximately 50% and revenue CAGR of 33.7%, with Q4 FY26 reporting a 50% year-on-year profit surge and strong retail and office EBITDA per recent headlines.
- +Profit margin of 27.7% is notable for a capital-intensive Realty developer; forward PE of 33.7 represents a meaningful compression from the trailing PE of 49.8 if near-term growth expectations are met.
- +Price above both 50-DMA (₹1,678) and 200-DMA (₹1,674) with a 52-week drawdown of only 12.8%, indicating the stock has retained relative price resilience over the past year.
- +Quality score of 55 ranks second among the 6 Realty peers tracked (behind Oberoi Realty at 65), ahead of DLF (29), Godrej Properties (44), Prestige (40), and Lodha (54).
Weaknesses
- −Debt-to-equity of 37.2 is exceptionally elevated, accompanied by a rising debt trend and FCF positive in only 2 of the available years, indicating sustained reliance on external capital to fund the growth pipeline.
- −ROE of 11.1% has exceeded 15% in only 1 of the years tracked (consistency score 22/100), below the 15% threshold in the vast majority of the observation window despite the strong reported earnings CAGR.
- −Trailing PE of 49.8 is the second-highest among the 6 peers tracked; peer PEs range from 23.5 (Oberoi) to 59.9 (Prestige), placing PHOENIXLTD at a premium to most Realty comparables on this metric.
- −Dividend yield of 0.14% is negligible, offering minimal income cushion relative to the capital structure risk implied by the debt load and limited FCF generation history.
Open questions
- ?Does the 5-year earnings CAGR of approximately 50% reflect a durable shift in the company's mall-leasing and commercial model, or is it substantially driven by a post-pandemic recovery in retail footfall that may not repeat?
- ?With debt-to-equity at 37.2 and a rising trend, how does the company's interest coverage ratio and refinancing schedule align with its planned capital expenditure pipeline over the next 3–5 years?
- ?ROE has exceeded 15% in only 1 of the tracked years despite strong earnings growth — to what extent does asset-heavy balance sheet expansion dilute returns on equity structurally for a developer of this type?
- ?The stock price showed a mixed reaction to a 50% profit-growth quarter — what combination of forward guidance, debt trajectory, or valuation multiple is the market currently weighing most heavily?
Peer comparison: Realty
Ranks 2 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| PHOENIXLTD | Phoenix Mills Ltd.You're viewing | 49.8 | +11.1% | 55 |
| Industry avg | across 5 peers | 33.6 | +11.4% | 46 |
| OBEROIRLTY | Oberoi Realty Ltd. | 23.5 | +14.9% | 65 |
| LODHA | Lodha Developers Ltd. | 24.8 | +15.7% | 54 |
| GODREJPROP | Godrej Properties Ltd. | 27.9 | +10.0% | 44 |
| PRESTIGE | Prestige Estates Projects Ltd. | 59.9 | +6.3% | 40 |
| DLF | DLF Ltd. | 31.8 | +10.0% | 29 |
Technical state
Current price
₹1,738.50
SMA 50
₹1,678.08
SMA 200
₹1,674.37
RSI (14)
48.1 (neutral)
From 52w high
-12.8%
1Y return
+17.7%
3M return
-1.1%
50-DMA
Above
200-DMA
Above
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highDebt-to-equity of 37.2 is exceptionally elevated; with FCF positive in only 2 of the available years and a rising debt trend, the company has sustained reliance on external financing to fund expansion.
- mediumROE of 11.1% has exceeded 15% in only 1 of the years tracked (consistency score 22/100), indicating that returns on equity have not been structurally durable despite a 5-year earnings CAGR of approximately 50%.
- mediumTrailing PE of 49.8 is the second-highest among 6 Realty peers (range 23.5–59.9); forward PE compresses to 33.7, meaning the current valuation embeds substantial near-term earnings growth expectations.
- lowNews sample is sparse at 5 articles total; sentiment distribution (2 positive, 3 neutral, 0 negative) may not be representative of broader analyst or media coverage.
Cross-section contradictions
- Q4 FY26 results showed a 50% profit surge and strong revenue growth, yet the stock price showed a mixed reaction post-results per the AD HOC NEWS headline of 2026-05-09, suggesting earnings upside may have been partially priced in ahead of the announcement.
- A 5-year earnings CAGR of approximately 50% and 33.7% revenue CAGR coexist with FCF positive in only 2 of the available years and a rising debt trend, raising a question about the cash conversion quality of the reported earnings trajectory.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 17 May 2026 · rotates through NIFTY 500 every ~5 days