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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The Phoenix Mills Limited is an India-based owner, operator and developer of retail-led mixed-use destinations. The Company is engaged in the development and leasing of commercial and retail space. Through its retail-led mixed-use developments, comprising retail malls,…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, stagnant business, priced for perfection.
The Phoenix Mills is scored on the general / industrial framework. It keeps a fat 33.9% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.56× reported profit. Free cash flow is worth about 1.0% of its market value.
Over the last 3 years revenue compounded at 19%/yr and profit at 2%/yr. Book value has grown 9%/yr. Return on equity is a healthy 14.3%. In the latest quarter profit grew 8% versus the prior quarter.
At 63× earnings, the stock sits at the 93rd percentile of its own 3.6-year range — the expensive end of where it has historically traded. Today's price already implies ~20%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 45.77 | 39.49 | worse |
| P/B | 8.42 | 5.74 | worse |
| EV/EBITDA | 27.9 | 92.09 | better |
| ROE | 14.31 | 6.31 | better |
| ROCE | 14.11 | 4.01 | better |
| ROA | 6.97 | 1.24 | better |
| Quick Ratio | 0.97 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| DLF | 40.7 | 4.1 | 10.0% |
| Macrotech Developers | 27.3 | 4.8 | 17.2% |
| Prestige Estate | 65.9 | 4.2 | 5.6% |
19% CAGR over 3 years — steady double-digit compounder. Growth is accelerating — latest year outpaced the prior year's rate.
Revenue is outpacing profit (19% vs 2%) — costs are rising faster than the top line.
Operating margin has compressed from 61% to 44% — costs or competition are eating into profitability. The gap between operating and net margin is widening — interest or tax costs are rising.
ROE at 11% — modest; the capital isn't working hard. Low variance across years — a predictable business that earns steadily on its equity base.
Profit grew faster than EPS (2% vs -23%) — share dilution is eroding per-share value. -23% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.6× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 7% sequentially — momentum is building.
Quarterly net margins are expanding (32% → 36%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 47.2% — dispersed ownership; institutional flows drive the stock. FIIs trimmed 2.2pp — foreign money is rotating out.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.