- Next results date: the board meets on 30 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹66,968 Cr169th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 28 Jul 2026
- 52.3
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 27 Apr 2026
- 6.1
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.13%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 28 Jul 2026
- 11.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 28 Jul 2026
- 12.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 27 Apr 2026
- 0.37
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 3,93,22453.4% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 28 Jul
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,075 Crdown 12.83%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹395 Crdown 18.73%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 36.7%
Revenue by year
Peak revenue ₹4,423 Cr, year to Mar 2026
Net profit by year, a loss in red
| ₹ crore | Sep 2024Filed 26 Oct | Dec 2024Filed 31 Jan | Mar 2025Filed 10 Jun | Jun 2025Filed 24 Jul | Sep 2025Filed 31 Oct | Dec 2025Filed 28 Jan | Mar 2026Filed 27 Apr | Jun 2026Filed 28 Jul |
|---|---|---|---|---|---|---|---|---|
| Revenue | 918 | 975 | 1,016 | 953 | 1,115 | 1,121 | 1,233 | 1,075 |
| Net profit | 292 | 353 | 348 | 321 | 384 | 366 | 485 | 395 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 31.8% | 36.2% | 34.2% | 33.7% | 34.4% | 32.7% | 39.4% | 36.7% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Property & Related ServicesProperty & Related Services, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹3,233 Crup 9.60%72.5%
- Hospitality servicesHospitality services, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹729 Crup 8.67%16.3%
- Residential businessResidential business, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹496 Crup 156.42%11.1%
The pill is the change in revenue on the year before; the share is of all the businesses together.
Valuation
Today, against the company's own history.PE ratio and valuation history
Price to earningsPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
At or below today's level on 50% of 1,922 trading days over the last 10 years.
LowestHighest
Its median52.3Industry median16.1
Price to bookPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
At or below today's level on 89% of 1,955 trading days since Nov 2018.
LowestHighest
Its median3.4Industry median1.4
EV to EBITDAEnterprise value to EBITDA. Market cap plus borrowings less cash and bank balances, divided by operating profit before depreciation (revenue less operating expenses, without other income and one-off items) over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly): what the whole business costs against the profit its operations make. Lease liabilities are not counted: the results filings do not state them.26.3
At or below today's level on 48% of 1,955 trading days since Nov 2018.
LowestHighest
Its median26.6Industry median16.7
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 29% of 2,444 trading days over the last 10 years.
LowestHighest
Its median0.16%Industry median0.52%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −8.2% | +24.3% | −26.3% | 0.2% |
| 3 years | +32.5% | −2.9% | +36.2% | 0.2% |
| 5 years | +31.2% | +86.2% | −29.6% | 0.2% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count. Earnings growth over 3 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2023.
Mutual funds holding it
239 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 96 of the 125 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 3 more funds filed their first portfolio on record, holding it.Mutual fund holdings
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 56
- CutCut. Funds that held fewer shares than at the end of the month before.
- 69
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 110
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 5
| Fund | |||
|---|---|---|---|
 Axis Midcap FundAxis Mutual Fund | 39,74,761 | 2.29% | ₹769.1 Cr |
 ICICI Prudential Focused FundICICI Prudential Mutual Fund | 28,52,177 | 3.21% | ₹551.9 Cr |
 DSP Midcap FundDSP Mutual Fund | 27,48,916 | 2.73% | ₹531.9 Cr |
 SBI Midcap FundSBI Mutual Fund | 20,00,000 | 1.66% | ₹387.0 Cr |
| DSP Large & Mid Cap FundDSP Mutual Fund | 19,14,631 | 2.14% | ₹370.5 Cr |
| ICICI Prudential Balanced Advantage FundICICI Prudential Mutual Fund | 18,01,266 | 0.48% | ₹348.5 Cr |
| Axis Small Cap FundAxis Mutual Fund | 16,81,118 | 1.06% | ₹325.3 Cr |
| Axis ELSS Tax Saver FundAxis Mutual Fund | 16,55,051 | 1.06% | ₹320.3 Cr |
 Edelweiss Mid Cap FundEdelweiss Mutual Fund | 14,33,226 | 1.44% | ₹277.3 Cr |
 Sundaram Mid Cap FundSundaram Mutual Fund | 14,00,000 | 1.96% | ₹270.9 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Peers and competitors
Residential, Commercial Projects, 172 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to The Phoenix Mills in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 DLFDLF | 1,62,628 | 35.6 | 3.6 | 163.8 | −29.3% | +6.6% | 10.3% | 1.8% | 1.22% |
 Lodha DevelopersLODHA | 96,241 | 23.3 | 4.1 | 17.5 | +26.0% | +39.2% | 19.0% | 16.5% | 0.44% |
 Prestige Estates ProjectsPRESTIGE | 59,979 | 52.7 | 3.7 | 19.8 | +67.5% | +115.9% | 7.2% | 8.7% | 0.14% |
 Oberoi RealtyOBEROIRLTY | 58,638 | 22.3 | 3.1 | 16.7 | +16.6% | +18.0% | 14.7% | 15.8% | 0.50% |
 Godrej PropertiesGODREJPROP | 45,079 | 28.2 | 2.4 | – | +12.7% | +8.1% | 8.8% | −1.7% | 0.67% |
 Brigade EnterprisesBRIGADE | 17,866 | 25.7 | 2.6 | 14.5 | +4.8% | −7.6% | 11.2% | 8.5% | 0.37% |
 Anant RajANANTRAJ | 16,569 | 28.6 | 2.9 | 23.6 | +17.0% | +25.7% | 11.6% | 9.8% | 0.22% |
 SobhaSOBHA | 12,550 | 65.7 | 2.7 | 36.4 | +9.6% | +28.5% | 4.1% | 3.5% | 0.51% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.Highest ₹2.50 a share, in 4 years, the latest the year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 11 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.50 |
| 15 Sep 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.50 |
| 20 Aug 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹5.00 |
| 15 Sep 2023 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹5.00 |
| 12 Sep 2022 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.40 |
| 16 Sep 2021 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
19 Oct · Disclosure
15 Oct · Business
8 Oct · General Updates
The Phoenix Mills share price by year
Each calendar year to 2025.The Phoenix Mills share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,853.50 | +13.4% | 1,853.50 | 1,417.30 |
| 2024 | 1,634.00 | +45.6% | 2,047.65 | 1,117.68 |
| 2023 | 1,122.33 | +57.8% | 1,194.95 | 612.98 |
| 2022 | 711.25 | +44.4% | 772.95 | 447.43 |
| 2021 | 492.68 | +27.2% | 560.58 | 339.38 |
| 2020 | 387.28 | −7.0% | 466.93 | 242.20 |
| 2019 | 416.35 | +47.7% | 421.88 | 278.25 |
| 2018 | 281.80 | −10.1% | 360.53 | 256.65 |
| 2017 | 313.48 | +67.1% | 322.33 | 172.58 |
| 2016 | 187.58 | +11.8% | 216.40 | 121.20 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 1,903.00 | 1,912.80 | 1,847.20 | 1,872.30 | 1,870.67 | 3,93,224 | 53.4% |
| 22 Oct 2026 | 1,870.40 | 1,928.10 | 1,866.80 | 1,909.90 | 1,904.40 | 5,26,374 | 45.3% |
| 21 Oct 2026 | 1,884.00 | 1,928.60 | 1,858.00 | 1,874.40 | 1,882.92 | 8,12,794 | 55.8% |
| 19 Oct 2026 | 1,885.00 | 1,929.70 | 1,884.00 | 1,884.00 | 1,906.15 | 4,23,330 | 58.1% |
| 16 Oct 2026 | 1,924.00 | 1,935.00 | 1,890.00 | 1,896.90 | 1,914.62 | 3,56,596 | 63.2% |
| 15 Oct 2026 | 1,883.50 | 1,934.00 | 1,878.00 | 1,917.20 | 1,917.20 | 5,04,390 | 51.8% |
| 14 Oct 2026 | 1,902.00 | 1,919.80 | 1,887.30 | 1,887.30 | 1,904.91 | 7,96,104 | 63.0% |
| 13 Oct 2026 | 1,840.40 | 1,902.60 | 1,840.40 | 1,902.60 | 1,880.80 | 6,11,026 | 70.6% |
| 12 Oct 2026 | 1,804.80 | 1,852.40 | 1,804.80 | 1,840.00 | 1,839.30 | 5,17,066 | 66.8% |
| 9 Oct 2026 | 1,789.10 | 1,822.00 | 1,784.20 | 1,813.10 | 1,811.33 | 6,74,943 | 65.7% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 20 Sep 2024 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
| 13 Feb 2008 | Split | 0.2000 | Each share became 5. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.
About The Phoenix Mills
The Phoenix Mills Limited owns, operates and develops retail-led mixed-use destinations in India. Its portfolio spans over 20 million sq. ft. across retail, offices, hospitality and residential developments, and its work covers planning, execution, marketing, management, maintenance and sales. Its destinations serve consumers, occupiers and residents.
The business has four segments: retail, commercial offices, hospitality and residential. The retail segment has 12 operational malls across eight cities, including Mumbai, Pune and Bengaluru. The offices are Grade-A and integrated into these campuses. The hospitality segment has two operational hotels with about 588 keys, among them The St. Regis, Mumbai and Courtyard by Marriott, Agra. The residential segment builds premium projects in Bengaluru, including One Bangalore West and Kessaku.
Counting both operational and under-construction assets, the company has a presence in 14 cities in India. At March 2026, its group workforce stood at 2,073 employees. Its registered office is at Senapati Bapat Marg, Lower Parel, Mumbai, its corporate office is in Mahalaxmi, Mumbai, and its shares are listed on the National Stock Exchange of India and BSE.
Phoenix Palladium is the first retail destination in its portfolio, and the portfolio had one mall in 2005. Atul Ruia, the Chairman, joined the board in 1996 and drove the development of that destination. The company was incorporated in 1905. Its financial year runs from April to March.
- Legal name
- The Phoenix Mills Limited
- NSE symbol
- PHOENIXLTD
- BSE code
- 503100
- ISIN
- INE211B01039
- Industry
- Realty
- Listed
- Jan 1962 on BSE, Apr 2007 on NSE
- Face value
- ₹2
- CIN
- L17100MH1905PLC000200
- Corporate identity number, the registrar of companies' code for it
In Nifty 200, BSE 200, Nifty 500, BSE 500, Nifty Midcap 150, BSE 150 MidCap Index