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Phoenix Mills Ltd. Stock Analysis

Mid Cap
Evaluated by 926 users | BSE: 503100 | NSE: PHOENIXLTD |
Construction - Real Estate
Incorporated in 1905, Phoenix Mills started as textile manufacturing company. It is engaged in property development business. In 1987, the company forayed into real estate market by developing High Street Phoenix. In 1992, the company built its first multi-storied residential towers which were...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Phoenix Mills Ltd. has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation
Value Creation Index Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 3.77%5.21%4.49%6.97%5.34%7.23%7.5%7.18%7.83%6.25%
Value Creation Index -0.69-0.59NANANANANANANANA
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 2103954701,4491,6531,7801,8251,6201,9821,941
Y-o-Y Gr. Rt.-87.7%19.1%208.3%14.1%7.6%2.5%-11.2%22.3%-2%
Adjusted EPS (Rs.) 5.817.255.677.962.148.311.114.6324.6521.29
Y-o-Y Gr. Rt.-24.8%-21.8%40.4%-73.1%287.9%33.7%31.8%68.5%-13.6%
Book Value per Share (Rs.) 114.56117.36121.38118.29114.64132.49140.24185.61225.74240.58
Adjusted Net Profit 84.210582.111531127170224378327
Net Op. Cash Flow (Rs. Cr.) 93.738223.63775644971,4191,514350780
Debt to Cash Flow from Ops 10.274.3792.869.046.047.822.562.4212.125.55
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Phoenix Mills Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 28%3.3%2.1%-2%
Adjusted EPS 15.5%58.3%24.3%-13.6%
Book Value per Share 8.61619.76.6
Share Price 12.6% 12% 4.6% -18.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 5.146.214.726.611.836.878.138.9611.959.1
Operating Profit Margin (%) 67.0653.9556.2646.8746.1144.4246.8948.4850.5650.18
Net Profit Margin (%) 39.4821.7416.8711.834.964.510.5211.9321.1317.92
Debt to Equity 0.580.981.251.992.051.921.691.291.231.17
Working Capital Days 946758910406412425381325271319
Cash Conversion Cycle -67113320220247263232176127148
Entity Percentage Holding
Promoters 45.56%
Institutions 50.19%
Non-Institutions 4.25%
Pledged *0.000.000.000.000.010.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Phoenix Mills Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that Phoenix Mills Ltd. is a average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Phoenix Mills Ltd.'s performance infers:

Phoenix Mills Ltd. earnings have grown by 58.3%, whereas share price has appreciated 12% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Phoenix Mills Ltd. share prices over the last 10 years. Here is what we found out:

Phoenix Mills Ltd. share price has appreciated 8.8% annually over the past ten years.

Incorporated in 1905, Phoenix Mills started as textile manufacturing company. It is engaged in property development business.

In 1987, the company forayed into real estate market by developing High Street Phoenix. In 1992, the company built its first multi-storied residential towers which were built on Phoenix Read More

Incorporated in 1905, Phoenix Mills started as textile manufacturing company. It is engaged in property development business.

In 1987, the company forayed into real estate market by developing High Street Phoenix. In 1992, the company built its first multi-storied residential towers which were built on Phoenix Mills Land. In 1996, the company opened South Asia’s largest 20 lane bowling concourse.

In 2001, the company was the first to introduce hyper market concept through ‘Big Bazaar’ located at High Street Phoenix.

The company has developed an expertise in converting mill land into modern, multi-use integrated property. Presently, the company has presence in retail and entertainment, commercial and residential complexes.

The company has subsidiaries namely Pallazzio Hotels and Leisure, Bellona Finvest, Marketcity Developers and Kalani Holdings.

Business

Retail- Under this company is engaged into development of malls.  Company’s flagship development High Street Phoenix has emerged as the most frequented destination in Mumbai. The company has strategic alliance with Pantaloon group which owns major brands like Big Bazaar and Pantaloon. The company has developed malls under the name Phoenix Market City located at Mumbai, Pune, Bangalore and Chennai.

Hospitality- Under this the company is engaged in developing 5 star hotels. The company has various ongoing projects under this segment located in Mumbai, Chennai, Pune and Agra.

Entertainment-The company is engaged in development of entertainment zone such as multiplexes, gaming arcades, food courts and shopping centers.

Commercial- Under this company has developed properties for commercial offices.

Outlook

Phoenix Mills has entered into a deal with Adlabs Cinemas to develop country’s largest multiplex cinema in Mumbai. This multiplex will be developed on 1,40,000 sq ft area that consist of 15 screens and over 4,000 seats.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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