Phoenix Mills Ltd (PHOENIXLTD) — shareholding pattern, promoter holding, financials and share price
About Phoenix Mills Ltd (PHOENIXLTD)
Phoenix Mills Ltd operates in the Residential, Commercial Projects industry, within the Realty sector. It trades on the NSE as PHOENIXLTD and on the BSE under scrip code 503100. Its ISIN is INE211B01039.
Phoenix Mills Ltd is engaged in the operation & management of malls, construction of commercial & residential property and hotel business in India. Its core businesses include Retail, Office, Hotel and Asset Management. [1]
Phoenix Mills Limited is a Mumbai-headquartered developer and operator of retail-led mixed-use real estate, focused on developing, leasing and managing destination malls, grade-A offices, hotels and premium residential projects across India, with integrated campus design and asset management as core capabilities.
FY26 delivered a robust operating performance: consolidated revenue of Rs. 4,423 crore (up 16% YoY), consolidated EBITDA at Rs. 2,637 crore (up 22% YoY), and operating free cash flow of Rs. 2,140 crore, demonstrating cash-rich operating leverage achieved without adding new mall capacity during the year.
Listed peers in Residential, Commercial Projects: Lodha Developers Ltd, Prestige Estates Projects Ltd, Oberoi Realty Ltd, Godrej Properties Ltd, Anant Raj Ltd, Brigade Enterprises Ltd.
Valuation & Returns
10 Jul 2026At ₹2,138.05 a share on 10 Jul 2026, Phoenix Mills Ltd (PHOENIXLTD) was valued at a price-to-earnings ratio of 49.12x against an industry P/E of 33.91x and a price-to-book of 7.32x on a book value of ₹292.14 per share as of Mar 2025. Solomo computes return on equity of 14.9% and return on capital employed of 15.98% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 49.12x
- Industry P/E
- 33.91x
- P/B
- 7.32x
- EPS (TTM)
- ₹43.52
- Book value / share
- ₹292.14
- ROE
- 14.9%
- ROCE
- 15.98%
- ROA
- 7.23%
- Debt / equity
- 0.45x
- Dividend yield
- 0.12%
- EBITDA margin
- 62.83%
- 52-week range
- ₹1,403 – ₹2,150
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Phoenix Mills Ltd (PHOENIXLTD) reported revenue of ₹4,423 crore, net profit of ₹1,557 crore and earnings per share of ₹34.22. That compares with revenue of ₹3,807 crore and net profit of ₹1,307 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹1,233 crore and net profit ₹485 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 1,460 | 2,616 | 3,972 | 3,807 | 4,423 |
| Net profit (₹ cr) | 268 | 1,478 | 1,333 | 1,307 | 1,557 |
| EPS (₹) | 6.65 | 37.37 | 30.76 | 27.53 | 34.22 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 3.53% | 1.81% | 19.68% | -4.13% |
| Profit growth | 9.45% | 17.98% | -3.03% | -1.87% |
| Stock price CAGR | 29% | 37% | 36% | 41% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 47.25% of Phoenix Mills Ltd (PHOENIXLTD) (unchanged from the previous quarter), foreign institutional investors (FII) hold 31.73% and domestic institutional investors (DII) hold 17.39%. Market capitalisation was ₹76,465 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2001.
Largest disclosed public shareholders in Jun 2026: Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Midcap Fund 2.31%, Icici Prudential Focus Equity Fund 2.05%, Dsp Midcap Fund 1.62%, Government Of Singapore 1.58%, Polar Capital Funds Plc - Emerging Market Stars Fund 1.51%, Uti-Mid Cap Fund 1.22%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 47.25% | - | 31.73% | 17.39% | 52.75% |
| Mar 2026 | 47.25% | - | 32.97% | 16.15% | 52.75% |
| Dec 2025 | 47.25% | - | 33.85% | 15.26% | 52.75% |
| Sep 2025 | 47.25% | - | 33.45% | 15.47% | 52.75% |
| Jun 2025 | 47.26% | - | 36.28% | 12.72% | 52.74% |
| Mar 2025 | 47.26% | - | 36.15% | 12.6% | 52.74% |
| Dec 2024 | 47.26% | - | 35.66% | 13.02% | 52.74% |
| Sep 2024 | 47.27% | - | 35.5% | 13.17% | 52.73% |