|
20 Sep 2025 |
Phoenix Mills
|
Consensus Share Price Target
|
1629.80 |
1730.24 |
- |
6.16 |
buy
|
|
|
|
|
14 Aug 2022
|
Phoenix Mills
|
ICICI Direct
|
1629.80
|
1630.00
|
1312.35
(24.19%)
|
Target met |
Buy
|
|
|
|
|
07 Jul 2022
|
Phoenix Mills
|
ICICI Securities Limited
|
1629.80
|
1392.00
|
1182.00
(37.88%)
|
Target met |
Buy
|
|
|
The Phoenix Mills (PHNX) saw Q1FY23 (Apr-Jun’22) like-to-like (LTL) consumption across malls at Rs19.5bn or 109% of Apr-Jun’19 (Q1FY20) levels while overall Q1FY23 consumption of Rs21.6bn stood at 121% of Q1FY20 levels. While Jun’22 was a slower month with LTL consumption at 97% of Jun’19 levels, with retailers’ End of Season sale delayed to Jul’22, we expect consumption to bounce back.
|
|
30 May 2022
|
Phoenix Mills
|
Geojit BNP Paribas
|
1629.80
|
1225.00
|
1145.10
(42.33%)
|
Target met |
Hold
|
|
|
|
|
26 May 2022
|
Phoenix Mills
|
ICICI Direct
|
1629.80
|
1320.00
|
1104.50
(47.56%)
|
Target met |
Buy
|
|
|
|
|
20 Apr 2022
|
Phoenix Mills
|
SBI Securities
|
1629.80
|
1255.00
|
1392.90
(17.01%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|
|
16 Feb 2022
|
Phoenix Mills
|
Geojit BNP Paribas
|
1629.80
|
999.00
|
973.05
(67.49%)
|
Target met |
Hold
|
|
|
Phoenix Mills is country's leading developer and operator of retail malls. It owns and operates 9 malls across 6 cities with a combined 0.64mn sqm of retail space, and has another 4 malls currently under development with...
|
|
08 Feb 2022
|
Phoenix Mills
|
ICICI Securities Limited
|
1629.80
|
1230.00
|
942.90
(72.85%)
|
Target met |
Buy
|
|
|
Other new capex includes 1) setting up of new integrated unit with 3.5 MT GU and 3.8 MT clinker unit in Rajasthan by Q4FY24E, 2) 3 MT grinding unit in West Bengal by Q4FY23E, 3) 106 MW solar power The entire total capex of | 4750 crore till FY24E will be funded via internal accruals. Total domestic capacity to reach 53.4 MT post these expansions Expected to continue to maintain its cost leadership, market share due to...
|
|
09 Dec 2021
|
Phoenix Mills
|
ICICI Securities Limited
|
1629.80
|
1231.00
|
1067.35
(52.70%)
|
Target met |
Buy
|
|
|
As per company, The Phoenix Mills (PHNX) has clocked mall consumption of Rs6.6bn in Nov’21 which is 116% of Nov’19 levels and Rs6.7bn in Oct’21 which is 91% of Oct’19 levels. While the threat of a fresh round of Covid induced mall closures remains a risk, we expect mall rentals to revert to pre-Covid levels by Q4FY22 as consumption continues to improve.
|
|
03 Nov 2021
|
Phoenix Mills
|
ICICI Securities Limited
|
1629.80
|
1200.00
|
1019.80
(59.82%)
|
Target met |
Buy
|
|
|
Reported revenues grew ~72.8% YoY to | 371.3 crore. Retail revenues grew ~71.6% YoY at | 233.5 crore while hospitality revenues were up ~275% YoY at | 34.5 crore. While Q2 consumption was at ~74% of pre-Covid, October 2021 consumption across retail portfolio was at ~| 660 crore, at 90% of October 2019. Commercial remained a resilient segment, which...
|
|
09 Aug 2021
|
Phoenix Mills
|
ICICI Securities Limited
|
1629.80
|
1020.00
|
867.95
(87.78%)
|
Target met |
Buy
|
|
|
PML has an operational retail area of ~7 mn sq ft spread over nine operational malls and is developing another five malls with 6+ mn sq ft of retail space. It has a GLA of 1.6 mn sq ft in the commercial segment. It plans to add 5.3 mn sq ft of commercial office space...
|