The Phoenix Mills Limited
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, and Residential Business. Its real estate asset portfolio consists of retail mall, commercial office, residential, and hospitality projects located in Mumb… Read more
The Phoenix Mills Limited (PHOENIXLTD) - Net Assets
Latest net assets as of September 2025: ₹145.89 Billion INR
Based on the latest financial reports, The Phoenix Mills Limited (PHOENIXLTD) has net assets worth ₹145.89 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹228.12 Billion) and total liabilities (₹82.23 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹145.89 Billion |
| % of Total Assets | 63.95% |
| Annual Growth Rate | 34.35% |
| 5-Year Change | 123.29% |
| 10-Year Change | 497.18% |
| Growth Volatility | 314.57 |
The Phoenix Mills Limited - Net Assets Trend (2005–2025)
This chart illustrates how The Phoenix Mills Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for The Phoenix Mills Limited (2005–2025)
The table below shows the annual net assets of The Phoenix Mills Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹138.53 Billion | +11.83% |
| 2024-03-31 | ₹123.87 Billion | +11.84% |
| 2023-03-31 | ₹110.76 Billion | +22.91% |
| 2022-03-31 | ₹90.11 Billion | +45.26% |
| 2021-03-31 | ₹62.04 Billion | +24.39% |
| 2020-03-31 | ₹49.87 Billion | +6.17% |
| 2019-03-31 | ₹46.97 Billion | +41.58% |
| 2018-03-31 | ₹33.18 Billion | +34.50% |
| 2017-03-31 | ₹24.67 Billion | +6.34% |
| 2016-03-31 | ₹23.20 Billion | +1.08% |
| 2015-03-31 | ₹22.95 Billion | -6.09% |
| 2014-03-31 | ₹24.44 Billion | +11.39% |
| 2013-03-31 | ₹21.94 Billion | +6.13% |
| 2012-03-31 | ₹20.67 Billion | +10.75% |
| 2011-03-31 | ₹18.67 Billion | +2.34% |
| 2010-03-31 | ₹18.24 Billion | +5.63% |
| 2009-03-31 | ₹17.27 Billion | +26.42% |
| 2008-03-31 | ₹13.66 Billion | +1460.39% |
| 2007-03-31 | ₹875.30 Million | +69.09% |
| 2006-03-31 | ₹517.65 Million | +37.21% |
| 2005-03-31 | ₹377.28 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Phoenix Mills Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 348449.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹76.87 Billion | 73.57% |
| Common Stock | ₹715.05 Million | 0.68% |
| Other Comprehensive Income | ₹1.98 Billion | 1.90% |
| Other Components | ₹24.91 Billion | 23.84% |
| Total Equity | ₹104.48 Billion | 100.00% |
The Phoenix Mills Limited Competitors by Market Cap
The table below lists competitors of The Phoenix Mills Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Goke Microelectronics Co Ltd
SHE:300672
|
$3.37 Billion |
|
FRONTLINE PLC DL 1
F:HF6
|
$3.37 Billion |
|
Bohai Leasing Co Ltd
SHE:000415
|
$3.37 Billion |
|
Methanex Corporation
NASDAQ:MEOH
|
$3.38 Billion |
|
Jiangxi Copper Company Limited
PINK:JIAXF
|
$3.36 Billion |
|
Herc Holdings Inc
NYSE:HRI
|
$3.36 Billion |
|
Zhejiang Shuanghuan Driveline Co Ltd
SHE:002472
|
$3.36 Billion |
|
AGL Energy Limited
F:N9Z1
|
$3.35 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Phoenix Mills Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 94,577,110,000 to 104,481,460,000, a change of 9,904,350,000 (10.5%).
- Net income of 9,842,257,000 contributed positively to equity growth.
- Dividend payments of 894,957,000 reduced retained earnings.
- Share repurchases of 52,912,000 reduced equity.
- New share issuances of 52,912,000 increased equity.
- Other comprehensive income decreased equity by 2,344,236,000.
- Other factors increased equity by 3,301,286,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹9.84 Billion | +9.42% |
| Dividends Paid | ₹894.96 Million | -0.86% |
| Share Repurchases | ₹52.91 Million | -0.05% |
| Share Issuances | ₹52.91 Million | +0.05% |
| Other Comprehensive Income | ₹-2.34 Billion | -2.24% |
| Other Changes | ₹3.30 Billion | +3.16% |
| Total Change | ₹- | 10.47% |
Book Value vs Market Value Analysis
This analysis compares The Phoenix Mills Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.36x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 601.03x to 5.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹2.60 | ₹1565.50 | x |
| 2006-03-31 | ₹3.57 | ₹1565.50 | x |
| 2007-03-31 | ₹6.04 | ₹1565.50 | x |
| 2008-03-31 | ₹88.68 | ₹1565.50 | x |
| 2009-03-31 | ₹104.58 | ₹1565.50 | x |
| 2010-03-31 | ₹110.80 | ₹1565.50 | x |
| 2011-03-31 | ₹115.30 | ₹1565.50 | x |
| 2012-03-31 | ₹118.09 | ₹1565.50 | x |
| 2013-03-31 | ₹122.11 | ₹1565.50 | x |
| 2014-03-31 | ₹119.01 | ₹1565.50 | x |
| 2015-03-31 | ₹115.27 | ₹1565.50 | x |
| 2016-03-31 | ₹124.03 | ₹1565.50 | x |
| 2017-03-31 | ₹142.64 | ₹1565.50 | x |
| 2018-03-31 | ₹185.76 | ₹1565.50 | x |
| 2019-03-31 | ₹226.06 | ₹1565.50 | x |
| 2020-03-31 | ₹241.18 | ₹1565.50 | x |
| 2021-03-31 | ₹285.37 | ₹1565.50 | x |
| 2022-03-31 | ₹368.87 | ₹1565.50 | x |
| 2023-03-31 | ₹468.97 | ₹1565.50 | x |
| 2024-03-31 | ₹529.36 | ₹1565.50 | x |
| 2025-03-31 | ₹292.14 | ₹1565.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Phoenix Mills Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.42%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.81%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 2.06x
- Recent ROE (9.42%) is below the historical average (10.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 30.69% | 26.96% | 0.28x | 4.10x | ₹78.05 Million |
| 2006 | 32.65% | 30.44% | 0.25x | 4.26x | ₹117.25 Million |
| 2007 | 45.88% | 36.69% | 0.21x | 6.05x | ₹314.08 Million |
| 2008 | 3.33% | 54.52% | 0.04x | 1.48x | ₹-856.85 Million |
| 2009 | 5.06% | 76.98% | 0.04x | 1.60x | ₹-747.81 Million |
| 2010 | 3.82% | 49.78% | 0.05x | 1.67x | ₹-992.47 Million |
| 2011 | 5.04% | 40.06% | 0.07x | 1.88x | ₹-828.09 Million |
| 2012 | 6.17% | 28.81% | 0.09x | 2.40x | ₹-654.28 Million |
| 2013 | 4.76% | 17.95% | 0.09x | 2.83x | ₹-927.12 Million |
| 2014 | 7.45% | 9.37% | 0.20x | 3.92x | ₹-439.12 Million |
| 2015 | 2.12% | 2.25% | 0.24x | 3.97x | ₹-1.32 Billion |
| 2016 | 4.36% | 4.89% | 0.23x | 3.91x | ₹-1.05 Billion |
| 2017 | 7.68% | 9.76% | 0.24x | 3.22x | ₹-507.97 Million |
| 2018 | 8.49% | 15.70% | 0.18x | 2.98x | ₹-430.10 Million |
| 2019 | 12.12% | 22.32% | 0.19x | 2.91x | ₹736.06 Million |
| 2020 | 9.03% | 18.16% | 0.17x | 2.84x | ₹-361.07 Million |
| 2021 | 1.18% | 5.72% | 0.09x | 2.35x | ₹-4.31 Billion |
| 2022 | 3.61% | 16.00% | 0.10x | 2.18x | ₹-4.21 Billion |
| 2023 | 15.93% | 51.32% | 0.15x | 2.10x | ₹4.97 Billion |
| 2024 | 11.62% | 27.63% | 0.21x | 2.04x | ₹1.53 Billion |
| 2025 | 9.42% | 25.81% | 0.18x | 2.06x | ₹-605.89 Million |
Industry Comparison
This section compares The Phoenix Mills Limited's net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $38,538,493,022
- Average return on equity (ROE) among peers: -2.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Phoenix Mills Limited (PHOENIXLTD) | ₹145.89 Billion | 30.69% | 0.56x | $3.36 Billion |
| Housing Development and Infrastructure Limited (HDIL) | $114.83 Billion | 1.56% | 0.59x | $6.63 Million |
| Hemisphere Properties India Limited (HEMIPROP) | $2.84 Billion | -0.27% | 0.02x | $175.65 Million |
| Prestige Estates Projects Limited (PRESTIGE) | $10.36 Billion | 14.22% | 2.69x | $2.25 Billion |
| Prozone Realty Limited (PROZONER) | $7.86 Billion | -0.45% | 1.09x | $31.74 Million |
| Unitech Limited (UNITECH) | $92.59 Billion | -9.72% | 1.91x | $109.32 Million |
| Vipul Limited (VIPULLTD) | $2.75 Billion | -20.16% | 5.86x | $11.57 Million |