Phoenix Mills Ltd

Fortune 500 2023
+ 9 More
+ 9 More
OVERVIEW
FINANCIALS

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.

Incorporation Year: 1905
Headquarters: Mumbai
Top Management: Atul Ruia/Shishir Shrivastava
Industry: Real Estate

Featured In Fortune India Ranking

Fortune 500 India
#481(2023)
#496(2020)
#474(2019)
#489(2017)
#468(2016)
#494(2015)
#481(2023)#496(2020)#474(2019)#489(2017)#468(2016)#494(2015)
Ranking Trend Fortune 500 India
Next 500 India
#226(2023)#225(2022)#60(2019)#29(2015)
#226(2023)#225(2022)#60(2019)#29(2015)
Ranking Trend Fortune Next 500 India

Financial Data 2024

Revenue
3,776
(INR Cr)
Net Operating Income
3,978
(INR Cr)
Assets
17,518
(INR Cr)
Profit
1,099
(INR Cr)
Net Worth
9,458
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
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)
396341295348348351349424443396345143952396
Cash & Bank Balance
(INR Cr)
71063059351414119241811639285681008267191
Total Debt
(INR Cr)
4639425939824063430842443667362638893402340621961668962661545

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
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 0.490.510.600.811.161.221.291.691.922.051.991.250.980.580.410.36
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%