Phoenix Mills Ltd
About
The Phoenix Mills has carved a space for itself in the real estate sector in India through its retail, residential, commercial, and hospitality projects. Having started as a textile manufacturer in Mumbai with 17.3 acres of land, the company has grown into covering end-to-end real estate development. It works on planning, execution, management, marketing, maintenance, and sales of its projects. The company has 13 malls to its name across 8 Indian cities, including Bareilly, Pune, and Ahmedabad. Phoenix has 7 operational commercial properties, primarily situated in Bangalore and Mumbai, and 2 premium residential properties in Bangalore. The company also owns two hotels: The St. Regis in Mumbai and Courtyard by Marriott in Agra. The company is headquartered in Mumbai and managed by Shishir Shrivastava.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 3776 -0.7% | 3803 146.3% | 1544 41.2% | 1094 -43.2% | 1926 -18.3% | 2357 37.0% | 1720 -9.8% | 1908 -2.6% | 1958 13.5% | 1726 6.2% | 1625 54.3% | 1053 161.2% | 403 13.1% | 356 142.0% | 147 -1.8% | 150 - |
| Net Operating Income (INR Cr) | 3978 50.76% | 2638 77.85% | 1483 41.96% | 1045 -46.17% | 1941 -2.04% | 1982 22.33% | 1620 -11.22% | 1825 2.53% | 1780 7.63% | 1653 14.14% | 1449 208.25% | 470 19.11% | 395 87.71% | 210 70.84% | 123 23.48% | 100 21.32% |
| Profit (INR Cr) | 1099 -17.7% | 1335 462.4% | 237 311.9% | 58 -82.8% | 335 -20.5% | 421 73.7% | 242 44.3% | 168 30.2% | 129 263.9% | 35 -72.4% | 128 52.7% | 84 -20.3% | 106 25.5% | 84 35.9% | 62 -19.3% | 77 - |
| Assets (INR Cr) | 17518 11.8% | 15672 19.4% | 13130 26.6% | 10373 9.1% | 9509 4.2% | 9125 26.3% | 7228 12.9% | 6403 -4.7% | 6717 11.6% | 6020 -2.0% | 6141 35.1% | 4546 18.4% | 3839 31.4% | 2923 17.5% | 2487 9.2% | 2277 - |
| Net Worth (INR Cr) | 9458 12.9% | 8380 27.3% | 6582 30.6% | 5039 35.9% | 3708 6.7% | 3474 21.8% | 2852 32.6% | 2150 6.1% | 2027 21.9% | 1663 -2.9% | 1713 -2.6% | 1758 3.4% | 1700 2.5% | 1659 3.9% | 1597 5.8% | 1509 8.9% |
| Employee Cost (INR Cr) | 299 28.6% | 232 48.1% | 157 39.5% | 113 -32.0% | 166 2.5% | 162 9.7% | 147 5.0% | 140 12.7% | 124 36.0% | 91 25.2% | 73 90.5% | 38 86.0% | 21 46.3% | 14 110.6% | 7 -37.9% | 11 - |
| Interest Cost (INR Cr) | 396 | 341 | 295 | 348 | 348 | 351 | 349 | 424 | 443 | 396 | 345 | 143 | 95 | 23 | 9 | 6 |
| Cash & Bank Balance (INR Cr) | 710 | 630 | 593 | 514 | 141 | 192 | 41 | 81 | 163 | 92 | 85 | 68 | 100 | 82 | 67 | 191 |
| Total Debt (INR Cr) | 4639 | 4259 | 3982 | 4063 | 4308 | 4244 | 3667 | 3626 | 3889 | 3402 | 3406 | 2196 | 1668 | 962 | 661 | 545 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 29.1% | 35.1% | 15.4% | 5.3% | 17.4% | 17.9% | 14.1% | 8.8% | 6.6% | 2.1% | 7.9% | 8.0% | 26.2% | 23.6% | 42.1% | 51.2% |
| Profit As % Of Assets | 6.3% | 8.5% | 1.8% | 0.6% | 3.5% | 4.6% | 3.4% | 2.6% | 1.9% | 0.6% | 2.1% | 1.9% | 2.8% | 2.9% | 2.5% | 3.4% |
| Profit As % Of Networth | 11.6% | 15.9% | 3.6% | 1.1% | 9.0% | 12.1% | 8.5% | 7.8% | 6.4% | 2.1% | 7.5% | 4.8% | 6.2% | 5.1% | 3.9% | 5.1% |
| Interest Cost to EBITDA % | 18.2% | 22.5% | 40.2% | 70.4% | 36.0% | 35.3% | 44.8% | 50.0% | 59.2% | 60.2% | 50.9% | 55.0% | 44.7% | 16.3% | 11.1% | 9.2% |
| Debt to Equity Ratio | 0.49 | 0.51 | 0.60 | 0.81 | 1.16 | 1.22 | 1.29 | 1.69 | 1.92 | 2.05 | 1.99 | 1.25 | 0.98 | 0.58 | 0.41 | 0.36 |
| RONW | 14.9% | 12.2% | 4.3% | 0.8% | 9.9% | 13.0% | 8.5% | 9.1% | 5.1% | 6.5% | 9.5% | 3.8% | 4.4% | 4.5% | 3.5% | 3.2% |
| ROCE | 14.8% | 11.6% | 6.2% | 4.2% | 10.2% | 11.7% | 9.9% | 11.3% | 10.9% | 11.4% | 12.5% | 6.4% | 5.9% | 5.1% | 3.6% | 3.5% |