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.
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Financial Data 2024
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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% |