Phoenix Mills share price, P/E, ROE & financials

As of 6 Nov 2026, Phoenix Mills trades at 59.0× trailing earnings, above the industry P/E of 13.8×, and the shares are close to their 52-week high. Sales grew 18% a year over 3 years while net profit fell 2.9%, with ROCE of 12% and ROE of 13%. Debt is 0.54× equity, and its dividend yield is 0.1%. It is a mid-cap company with a market cap of ₹77,079 Cr, the largest of 14 Real Estate (Diversified) companies by market cap; the shares rose 20% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹2,120.00
Day high: ₹2,154.90
Day low: ₹2,080.00
Prev. close: ₹2,126.00
Volume: 3 L

Health check

2 good · 2 fair · 2 to check

ReturnsAhead
+20.3% over a year, better than 7 of 7 peers.
Price tagPricier
P/E 59.0 vs industry 13.8.
GrowthStrong
Sales +18.4%, profit −2.9% a year over 3 years.
ProfitabilityAverage
ROCE 11.8% vs peer median 2.8%.
Balance sheetFair
Debt 0.54× equity, interest covered 6.3×, Piotroski 7 of 9.
Red flags1 to check
P/E of 59.0 against an industry P/E of 13.8.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Real Estate - Diversified

13 listed peers. Screen the industry

Mid cap

₹77,079 Cr, the largest of 14 in its industry.

Defensive

Beta 0.34 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹4,582 Cr · profit ₹1,302 Cr

Market cap: ₹77,079 Cr; Mid cap
P/E: 59.0; Industry 13.8
Price to book: 8.47; Peers 1.74
Dividend yield: 0.12%
ROE: 12.9%; Peers 0.0%
ROCE: 11.8%; Peers 2.8%
Debt to equity: 0.54; Debt ₹6,116 Cr
EPS (TTM): ₹36.50; Face value ₹2
OPM (TTM): 60.2%; Net margin 28.4%
Sales growth: +3.4%; Latest quarter vs a year ago
Profit growth: +7.1%; Latest quarter vs a year ago
Price to sales: 16.82; EV/EBITDA 30.5

Strengths

Net margin of 28.4%.
Positive operating cash flow in each of the last 4 years.

Risks to check

P/E of 59.0 against an industry P/E of 13.8.

Derived automatically from reported figures. Not a recommendation.

About Phoenix Mills

The Phoenix Mills Limited engages in the operation and management of malls, construction of commercial and residential properties, and hotel business in India. The company operates in three segments: Property and Related Services, Hospitality services, and Residential Business. Its real estate asset portfolio consists of retail mall, commercial office, residential, and hospitality projects located in Mumbai, Chennai, Bengaluru, Pune, Kolkata, Lucknow,…

Headquarters: Mumbai
Employees: 2,073
Sector: Real Estate
ISIN: INE211B01039
Website: thephoenixmills.com

Price range

52 weeks

₹1,465.60₹2,169.80

Today

₹2,080.00₹2,154.90

Avg volume (3M): 4.3 L
1-year return: plus 20.3%
From 52-week high: minus 0.7%

Analyst consensus

22 analysts

BuyMean target ₹2,155.77 0.0%

Target range, with today’s price

Low ₹1,720.00High ₹2,600.00

Next results expected around 28 Jan 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Real Estate - Diversified

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
PHOENIXLTDPhoenix Mills	2,154.90	plus 1.36%	77,079	59.0	30.4	11.8%	60.2%	0.54	18.4%	plus 20.3%
PRESTIGEPrestige Estates Projects	1,629.00	minus 0.85%	70,166	61.6	22.7	12.5%	28.2%	1.05	15.2%	minus 5.9%
EMBDLEmbassy Developments	51.71	minus 2.29%	7,359	–	–	−2.5%	−38.2%	0.53	66.4%	minus 42.9%
HEMIPROPHemisphere Properties India	109.58	minus 1.81%	3,124	–	–	−1.1%	−960.1%	0.20	−20.9%	minus 19.0%
UNITECHUnitech	3.87	minus 1.02%	1,013	–	–	–	2.0%	–	8.5%	minus 44.3%
PROZONERProzone Realty	53.73	minus 1.16%	820	244.2	17.3	5.7%	30.7%	1.35	4.1%	minus 19.0%
VEEGALANDVeegaland Developers	137.58	minus 0.30%	671	20.3	19.0	14.0%	17.2%	0.32	32.1%	minus 5.7%
VIPULLTDVipul	8.78	minus 2.77%	124	–	–	0.0%	−62.7%	0.22	−7.4%	plus 3.3%
Median of 7 peers	–	−1.16%	1,013	61.6	19.0	2.8%	2.0%	0.43	8.5%	−19.0%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Dec 25	Mar 26	Jun 26	Sep 26
953	1,121	1,233	1,075	1,153
389	465	484	433	442
564	656	750	642	710
59.2%	58.5%	60.8%	59.7%	61.6%
31.5	47.3	61.2	40.2	36.3
95.1	102	97.4	93.8	103
93.4	86.3	89.4	95.5	93.8
–	−25	−4	–	–
407	490	620	492	550
21.4%	24.9%	21.7%	20.1%	22.8%
241	276	403	297	326
6.73	7.71	11.39	8.30	9.10

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +18.4%
Profit CAGR 3Y: −2.9%
EPS CAGR 3Y: −2.9%
ROE: 12.9%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
2,601	3,899	3,719	4,315
–	+49.9%	minus 4.6%	+16.0%
1,072	1,704	1,549	1,667
1,529	2,195	2,171	2,648
58.8%	56.3%	58.4%	61.4%
49.4	62	69.6	59.6
341	396	403	387
228	270	327	360
662	52.1	84.7	71.1
1,671	1,643	1,595	2,032
11.9%	19.3%	18.4%	23.4%
1,335	1,099	984	1,224
–	minus 17.7%	minus 10.5%	+24.3%
37.35	30.66	27.52	34.21

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
35.7	35.7	71.5	71.5
8,344	9,422	10,377	10,917
4,259	4,639	4,687	5,323
4,950	5,139	6,396	6,541
17,589	19,235	21,531	22,853
4,104	3,743	5,533	6,250
2,295	1,503	3,253	3,967
198	540	334	240
1,647	2,161	1,606	1,772
9,346	11,289	10,805	10,624
17,589	19,235	21,531	22,853

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
1,356	2,161	2,084	2,426
−1,536	−1,859	−2,162	−1,646
132	−299	−47.3	−731
−48.2	2.6	−126	49.6
−1,826	−1,674	−2,617	−1,397
−470	487	−534	1,029
−43.1	−89.6	−89.5	−89.4

Shareholding pattern

Source: NSE filings

47.2%

promoters

Promoters47.24%
Public52.76%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	47.24%	52.76%	minus 0.01
30 Jun 2026	47.25%	52.75%	0.00
31 Mar 2026	47.25%	52.75%	0.00
31 Dec 2025	47.25%	52.75%	0.00
30 Sep 2025	47.25%	52.75%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you