BSE:503100

Stock Analysis Report

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Executive Summary

The Phoenix Mills Limited constructs, operates, and manages malls, and commercial and residential property in India. More Details


Snowflake Analysis

High growth potential with questionable track record.


Similar Companies

Share Price & News

How has Phoenix Mills's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 503100 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 503100's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-1.6%

503100

2.5%

IN Real Estate

-0.3%

IN Market


1 Year Return

-10.6%

503100

4.8%

IN Real Estate

15.9%

IN Market

Return vs Industry: 503100 underperformed the Indian Real Estate industry which returned 4.9% over the past year.

Return vs Market: 503100 underperformed the Indian Market which returned 15.9% over the past year.


Shareholder returns

503100IndustryMarket
7 Day-1.6%2.5%-0.3%
30 Day0.7%10.3%4.9%
90 Day38.1%52.3%24.5%
1 Year-10.6%-10.6%5.7%4.8%18.0%15.9%
3 Year30.1%29.0%-1.0%-3.3%9.7%4.4%
5 Year160.2%155.1%123.1%114.6%82.1%68.4%

Long-Term Price Volatility Vs. Market

How volatile is Phoenix Mills's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Phoenix Mills undervalued compared to its fair value and its price relative to the market?

201.01x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 503100 (₹778.7) is trading above our estimate of fair value (₹21.43)

Significantly Below Fair Value: 503100 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 503100 is poor value based on its PE Ratio (201x) compared to the IN Real Estate industry average (17.1x).

PE vs Market: 503100 is poor value based on its PE Ratio (201x) compared to the Indian market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: 503100 is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: 503100 is overvalued based on its PB Ratio (2.7x) compared to the IN Real Estate industry average (0.7x).


Next Steps

Future Growth

How is Phoenix Mills forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

90.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 503100's forecast earnings growth (90.4% per year) is above the savings rate (7%).

Earnings vs Market: 503100's earnings (90.4% per year) are forecast to grow faster than the Indian market (25.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 503100's revenue (35.3% per year) is forecast to grow faster than the Indian market (11.7% per year).

High Growth Revenue: 503100's revenue (35.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 503100's Return on Equity is forecast to be low in 3 years time (8.2%).


Next Steps

Past Performance

How has Phoenix Mills performed over the past 5 years?

27.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 503100 has high quality earnings.

Growing Profit Margin: 503100's current net profit margins (5.2%) are lower than last year (23.6%).


Past Earnings Growth Analysis

Earnings Trend: 503100's earnings have grown significantly by 27.9% per year over the past 5 years.

Accelerating Growth: 503100's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 503100 had negative earnings growth (-87.8%) over the past year, making it difficult to compare to the Real Estate industry average (-4%).


Return on Equity

High ROE: 503100's Return on Equity (1.2%) is considered low.


Next Steps

Financial Health

How is Phoenix Mills's financial position?


Financial Position Analysis

Short Term Liabilities: 503100's short term assets (₹19.7B) exceed its short term liabilities (₹19.4B).

Long Term Liabilities: 503100's short term assets (₹19.7B) do not cover its long term liabilities (₹34.3B).


Debt to Equity History and Analysis

Debt Level: 503100's debt to equity ratio (62%) is considered high.

Reducing Debt: 503100's debt to equity ratio has reduced from 147.6% to 62% over the past 5 years.

Debt Coverage: 503100's debt is not well covered by operating cash flow (14.4%).

Interest Coverage: 503100's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Phoenix Mills's current dividend yield, its reliability and sustainability?

0.37%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 503100's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 503100's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 503100's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 503100's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 503100 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 503100's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average management tenure


CEO

Shishir Shrivastava (44 yo)

1.08yrs

Tenure

Mr. Shishir Ashok Shrivastava has been Executive Director and Managing Director of Phoenix Mills Limited since December 11, 2019 and served as its Joint Managing Director from July 30, 2011 till December 1...


Leadership Team

NamePositionTenureCompensationOwnership
Shishir Shrivastava
MD & Executive Director1.08yrsno data0.046%
₹ 61.0m
Pradumna Kanodia
Group CFO9.75yrsno data0%
₹ 0
Gajendra Mewara
Company Secretary & Compliance Officer2.08yrs₹3.25m0.000010%
₹ 13.4k
Rajendra Kalkar
President of West Retail Business & Whole-time Director2.08yrs₹11.12m0.0026%
₹ 3.5m
Sameep Pathak
General Manager of Operations6.33yrsno datano data
Mangesh Satvilkar
Investor Relations Officerno datano datano data
P. Sagar
Senior Vice President of Corporate Affairs & Legalno datano datano data
Amit Sawant
General Manager of Marketingno datano datano data
Haresh Morajkar
Group Director & Chief Human Resources Officerno datano data0.0087%
₹ 11.7m
Nilesh Louzado
Senior Vice President of Procurement & Contractsno datano data0.017%
₹ 23.4m
Rashmi Sen
Chief Operating Officer of Mallsno datano data0.0029%
₹ 3.9m
Manish Singh
Group Head of Leasingno datano datano data

4.8yrs

Average Tenure

44yo

Average Age

Experienced Management: 503100's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Shishir Shrivastava
MD & Executive Director1.08yrsno data0.046%
₹ 61.0m
Pradumna Kanodia
Group CFO9.75yrsno data0%
₹ 0
Rajendra Kalkar
President of West Retail Business & Whole-time Director2.08yrs₹11.12m0.0026%
₹ 3.5m
Amit Dalal
Independent & Non-Executive Director13.92yrs₹415.00kno data
Sivaramakrishnan Iyer
Independent & Non-Executive Director14.25yrs₹475.00kno data
Amit Dabriwalal
Independent & Non-Executive Director15.08yrs₹550.00kno data
Atul Ruia
Non-Executive Non-Independent Chairman2.42yrs₹69.86m2.47%
₹ 3.3b
Shweta Vyas
Independent & Non-Executive Director6.25yrs₹550.00kno data

10.3yrs

Average Tenure

51.5yo

Average Age

Experienced Board: 503100's board of directors are seasoned and experienced ( 10.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 503100 insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12%.


Top Shareholders

Company Information

The Phoenix Mills Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The Phoenix Mills Limited
  • Ticker: 503100
  • Exchange: BSE
  • Founded: 1905
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: ₹133.781b
  • Shares outstanding: 171.80m
  • Website: https://www.thephoenixmills.com

Number of Employees


Location

  • The Phoenix Mills Limited
  • R. R. Hosiery Building
  • 2nd Floor
  • Mumbai
  • Maharashtra
  • 400011
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
503100BSE (Mumbai Stock Exchange)YesEquity SharesININRJun 2000
PHOENIXLTDNSEI (National Stock Exchange of India)YesEquity SharesININRJun 2000

Biography

The Phoenix Mills Limited constructs, operates, and manages malls, and commercial and residential property in India. The company operates in two segments, Property and Related Services, and Hospitality. It...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 12:06
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.