NSE: PHOENIXLTD | BSE: 503100

Expensive Performer

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1669.70 37.30 (2.28%)

312.4K NSE+BSE Volume

NSE 30 Apr, 2025 11:50 AM (IST)

59,695.7

Market Cap

High in industry

1.1

Beta 1Year

High Volatility

Board Meeting

The board meeting for Phoenix Mills Ltd. is scheduled for today, for the purpose of Audited Results & Final Dividend See details

Phoenix Mills Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for PHOENIXLTD, BSE:503100 Phoenix Mills Ltd.

Phoenix Mills Ltd.

10 Aug 2019

1669.70

2.28%

The Phoenix Mills Ltd: Quarter Driven by Residential Segment... Steady Performance by Core Rental Portfolio

Buy: Phoenix Mills Ltd.

Karvy

PHNX's revenue grew 49% YoY to Rs. 6150 Mn. The significant growth in revenue was on account of revenue recognition from tower 6 of its residential project One Bangalore West which has received OC in Q1FY20.

Number of FII/FPI investors increased from 808 to 821 in Mar 2025 qtr.

Phoenix Mills Ltd.

08 Aug 2019

1669.70

2.28%

Residential business drives; Big beat

Buy: Phoenix Mills Ltd.

Target

Motilal Oswal

Core portfolio PAT grows 40% YoY: 1QFY20 revenue grew 49% YoY to INR6,150m (v/s est. of INR4,447m). The beat was primarily driven by lopsided revenue growth in the residential segment driven by revenue recognition of One Bangalore West Tower 6'. EBITDA margin expanded 30bp YoY to 47.6% (v/s est. of 51.5%). Its core portfolio comprising retail malls, commercial and...

Number of FII/FPI investors increased from 808 to 821 in Mar 2025 qtr.

Phoenix Mills Ltd.

20 May 2019

1669.70

2.28%

The Phoenix Mills Ltd: Steady Performance Across Malls; Capex Activity on Track

Buy: Phoenix Mills Ltd.

Karvy

Steady Performance Across Malls; Capex Activity on Track: PHNX revenue grew 66%/64% YoY/QoQ to Rs. 7233 Mn. The significant growth in revenue was on account of revenue recognition from the company residential project Kessaku which has received OC in Q4FY19.

Phoenix Mills Ltd.'s price crossed above 200Day SMA today

Phoenix Mills Ltd.

17 May 2019

1669.70

2.28%

The Phoenix Mills

Buy: Phoenix Mills Ltd.

Target

ICICI Securities Limited

PML's retail rental income grew only 9% YoY to | 249.9 crore in Q4FY19 while retail consumption growth was slow at 6% YoY to | 1,626.5 crore in Q4FY19. The slowdown in consumption is on account of ongoing infrastructure work and change in store format at a few retail assets (HSP & Palladium, PMC Chennai & PMC Bengaluru). Overall, with >20% area coming up for renewal in FY20E-21E at each of its key assets along with expansion mode, we expect PML's retail rental income to grow at a CAGR...

Phoenix Mills Ltd. is trading below its 200 day SMA of 1670.2

Phoenix Mills Ltd.

16 May 2019

1669.70

2.28%

Transient moderation in consumption

Buy: Phoenix Mills Ltd.

Target

Motilal Oswal

Additional 1.6msf can be built at HSP (0.5msf mall, 1.1msf office space); however, this is in the planning stage and finalization will take ~12 months. < Valuation view: We believe that PHNX offers a unique way to play India's retail growth story due to its (a) strong track record of execution and (b) scalability, as reflected in the line-up of five new under-construction malls and (c) robust cash generation. We value PHNX's retail assets based on the DCF-based NAV approach, assuming a cap rate of 8.5% (HSP - 8%) and a...

Phoenix Mills Ltd. is trading above its 150 day SMA of 1626.4

Phoenix Mills Ltd.

22 Feb 2019

1669.70

2.28%

On-track execution; five new malls to drive rental growth

Buy: Phoenix Mills Ltd.

Target

Motilal Oswal

HNX is well on track to achieve 11-12msf portfolio by FY23. Currently, the company has a retail portfolio of 5.9msf (operational) and 4.6msf (under construction), with plans to add another 1-2 new assets -taking the total portfolio to 11-12msf by FY23. The company is developing five new malls - three under the Canada Pension Plan Investment Board (CPPIB) platform (PMC Wakad, PMC Hebbal, and PMC Indore), Palladium Ahmedabad (a 50:50 alliance with BSafal group), and PMC Lucknow (100%self-owned).

Number of FII/FPI investors increased from 808 to 821 in Mar 2025 qtr.

Phoenix Mills Ltd.

12 Feb 2019

1669.70

2.28%

The Phoenix Mills Ltd: Steady Performance Across Malls; Capex Activity on Track

Buy: Phoenix Mills Ltd.

Karvy

Steady Performance Across Malls; Capex Activity on Track: PHNX's revenue grew 6%/5% YoY/QoQ to Rs. 4404 Mn in-line with our estimates. EBITDA margins expanded by 90 bps YoY to 50.5% vs our estimates of 49%.

Phoenix Mills Ltd.'s price crossed above 200Day SMA today

Phoenix Mills Ltd.

11 Feb 2019

1669.70

2.28%

The Phoenix Mills

Buy: Phoenix Mills Ltd.

ICICI Securities Limited

Phoenix Mills' (PML) topline grew 5.7% YoY to | 440.4 crore almost in line with our estimate of | 448.6 crore in Q3FY19. On a sequentially basis, revenues grew 8.8% in Q3FY19...

Phoenix Mills Ltd. is trading above its 150 day SMA of 1626.4

Phoenix Mills Ltd.

04 Dec 2018

1669.70

2.28%

The Phoenix Mills

Buy: Phoenix Mills Ltd.

ICICI Securities Limited

Phoenix Mills (PML) is a market leader and owner of prime malls in India. It started the real estate business with its iconic High Street Phoenix mall. Sailing on its retail-led mixed-use development model, PML has an operational asset portfolio of eight operational retail assets aggregating 5.9 msf and four operational commercial assets aggregating 1.16 msf. Going ahead, PML plans to almost double its retail portfolio and triple its commercial asset portfolio. Consequently, we expect its rental income to almost double to | 1702 crore in FY18-23E. We also highlight that PML is...

Phoenix Mills Ltd.'s price crossed above 200Day SMA today

Phoenix Mills Ltd.

06 Nov 2018

1669.70

2.28%

Marginally short of expectations; Retail performing well

Buy: Phoenix Mills Ltd.

Target

Motilal Oswal

6 November 2018 PHNXs revenue increased 9.2% YoY to segment (+11% to INR2,839m). EBITDA grew 11% YoY to INR1,981m (our 2QFY19/1HFY19 includes a realized gain of INR358m on the sale of investments of 0.5m equity shares of Graphite India. Interest expense of INR917m (+7% YoY) came in higher than our estimate of INR865m. Consequently, PAT of INR620m (48.5% YoY) missed our estimate of INR664m. Revenues grew by 7% YoY to INR8,179m, EBITDA by 11% YoY to INR3,935m and PAT by 44% YoY to INR1,217m. investment of INR18b, ISML has already invested INR12.8b on acquisitions (including Indore asset, PMC 2 at Wakad in Pune, PMC 2 at Hebbal in Bangalore), which also includes land cost and initial expenses. (2) Lucknow retail asset to begin operations by Diwali next year. We believe that PHNX provides a unique way to play Indias retail growth story.

Phoenix Mills Ltd. has an average target of 1537.50 from 2 brokers.

Is Phoenix Mills Ltd. worth buying?

97 Votes:

Buy 84.54%

Sell 10.31%

Hold 5.15%

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