The Phoenix Mills Limited (PHOENIXLTD) - Net Assets

Latest as of March 2026: Rs143.05 Billion INR ≈ $1.55 Billion USD

Based on the latest financial reports, The Phoenix Mills Limited (PHOENIXLTD) has net assets worth Rs143.05 Billion INR (≈ $1.55 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs228.53 Billion ≈ $2.47 Billion USD) and total liabilities (Rs85.48 Billion ≈ $924.41 Million USD). 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. Check tangible equity quality of The Phoenix Mills Limited to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs143.05 Billion
% of Total Assets	62.6%
Annual Growth Rate	32.68%
5-Year Change	58.74%
10-Year Change	479.89%
Growth Volatility	307.57

The Phoenix Mills Limited - Net Assets Trend (2005–2026)

This chart illustrates how The Phoenix Mills Limited's net assets have evolved over time, based on quarterly financial data. See The Phoenix Mills Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for The Phoenix Mills Limited (2005–2026)

The table below shows the annual net assets of The Phoenix Mills Limited from 2005 to 2026. For live valuation and market cap data, see PHOENIXLTD stock market capitalisation.

Year	Net Assets	Change
2026-03-31	Rs143.05 Billion ≈ $1.55 Billion	+3.26%
2025-03-31	Rs138.53 Billion ≈ $1.50 Billion	+11.83%
2024-03-31	Rs123.87 Billion ≈ $1.34 Billion	+11.84%
2023-03-31	Rs110.76 Billion ≈ $1.20 Billion	+22.91%
2022-03-31	Rs90.11 Billion ≈ $974.54 Million	+45.26%
2021-03-31	Rs62.04 Billion ≈ $670.92 Million	+24.39%
2020-03-31	Rs49.87 Billion ≈ $539.34 Million	+6.17%
2019-03-31	Rs46.97 Billion ≈ $508.01 Million	+41.58%
2018-03-31	Rs33.18 Billion ≈ $358.81 Million	+34.50%
2017-03-31	Rs24.67 Billion ≈ $266.78 Million	+6.34%
2016-03-31	Rs23.20 Billion ≈ $250.87 Million	+1.08%
2015-03-31	Rs22.95 Billion ≈ $248.19 Million	-6.09%
2014-03-31	Rs24.44 Billion ≈ $264.28 Million	+11.39%
2013-03-31	Rs21.94 Billion ≈ $237.26 Million	+6.13%
2012-03-31	Rs20.67 Billion ≈ $223.56 Million	+10.75%
2011-03-31	Rs18.67 Billion ≈ $201.86 Million	+2.34%
2010-03-31	Rs18.24 Billion ≈ $197.25 Million	+5.63%
2009-03-31	Rs17.27 Billion ≈ $186.72 Million	+26.42%
2008-03-31	Rs13.66 Billion ≈ $147.71 Million	+1460.39%
2007-03-31	Rs875.30 Million ≈ $9.47 Million	+69.09%
2006-03-31	Rs517.65 Million ≈ $5.60 Million	+37.21%
2005-03-31	Rs377.28 Million ≈ $4.08 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs715.27 Million	0.65%
Other Components	Rs109.17 Billion	99.35%
Total Equity	Rs109.89 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
Shenzhen Sunlord Electronics Co Ltd SHE:002138	$7.23 Billion
STORA ENSO R ADR 1 F:ENUS	$7.24 Billion
Snap Inc NYSE:SNAP	$7.24 Billion
Air Lease Corporation NYSE:AL	$7.24 Billion
Sensata Technologies Holding NV NYSE:ST	$7.22 Billion
IDFC First Bank Limited NSE:IDFCFIRSTB	$7.21 Billion
Clearwater Analytics Holdings Inc NYSE:CWAN	$7.21 Billion
Shanghai Electric Power Co Ltd SHG:600021	$7.21 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 2025 to 2026, total equity changed from 104,481,460,000 to 109,885,424,000, a change of 5,403,964,000 (5.2%).
Net income of 12,238,164,000 contributed positively to equity growth.
Dividend payments of 893,890,000 reduced retained earnings.
New share issuances of 53,757,000 increased equity.
Other comprehensive income decreased equity by 1,983,957,000.
Other factors decreased equity by 4,010,110,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs12.24 Billion	+11.14%
Dividends Paid	Rs893.89 Million	-0.81%
Share Issuances	Rs53.76 Million	+0.05%
Other Comprehensive Income	Rs-1.98 Billion	-1.81%
Other Changes	Rs-4.01 Billion	-3.65%
Total Change	Rs-	5.17%

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: 6.08x
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 606.59x to 6.08x 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	Rs3.08	Rs1868.20	x
2006-03-31	Rs4.23	Rs1868.20	x
2007-03-31	Rs7.15	Rs1868.20	x
2008-03-31	Rs61.31	Rs1868.20	x
2009-03-31	Rs53.45	Rs1868.20	x
2010-03-31	Rs55.40	Rs1868.20	x
2011-03-31	Rs57.65	Rs1868.20	x
2012-03-31	Rs59.05	Rs1868.20	x
2013-03-31	Rs61.05	Rs1868.20	x
2014-03-31	Rs59.50	Rs1868.20	x
2015-03-31	Rs57.70	Rs1868.20	x
2016-03-31	Rs62.01	Rs1868.20	x
2017-03-31	Rs71.32	Rs1868.20	x
2018-03-31	Rs92.88	Rs1868.20	x
2019-03-31	Rs113.03	Rs1868.20	x
2020-03-31	Rs120.59	Rs1868.20	x
2021-03-31	Rs142.68	Rs1868.20	x
2022-03-31	Rs184.44	Rs1868.20	x
2023-03-31	Rs234.48	Rs1868.20	x
2024-03-31	Rs264.26	Rs1868.20	x
2025-03-31	Rs292.10	Rs1868.20	x
2026-03-31	Rs307.17	Rs1868.20	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): 11.14%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 27.67%
• Asset Turnover: 0.19x
• Equity Multiplier: 2.08x
Recent ROE (11.14%) is above the historical average (11.10%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	30.69%	661.96%	0.01x	4.10x	Rs78.05 Million
2006	32.69%	30.48%	0.25x	4.26x	Rs117.45 Million
2007	45.88%	36.68%	0.21x	6.05x	Rs314.03 Million
2008	3.32%	54.40%	0.04x	1.48x	Rs-857.84 Million
2009	5.07%	77.05%	0.04x	1.60x	Rs-747.04 Million
2010	3.86%	50.38%	0.05x	1.67x	Rs-985.09 Million
2011	5.04%	40.06%	0.07x	1.88x	Rs-828.09 Million
2012	6.17%	29.07%	0.09x	2.40x	Rs-654.28 Million
2013	4.76%	17.95%	0.09x	2.83x	Rs-927.12 Million
2014	7.45%	9.37%	0.20x	3.92x	Rs-439.12 Million
2015	2.12%	2.25%	0.24x	3.97x	Rs-1.32 Billion
2016	6.90%	7.25%	0.24x	3.91x	Rs-579.33 Million
2017	7.68%	9.20%	0.26x	3.22x	Rs-507.97 Million
2018	8.50%	14.96%	0.19x	2.98x	Rs-428.06 Million
2019	12.12%	21.25%	0.20x	2.91x	Rs736.06 Million
2020	9.03%	17.24%	0.18x	2.84x	Rs-361.07 Million
2021	1.18%	5.51%	0.09x	2.35x	Rs-4.31 Billion
2022	3.61%	16.00%	0.10x	2.18x	Rs-4.21 Billion
2023	15.93%	50.60%	0.15x	2.10x	Rs4.97 Billion
2024	11.62%	27.68%	0.21x	2.04x	Rs1.53 Billion
2025	9.42%	25.86%	0.18x	2.06x	Rs-605.89 Million
2026	11.14%	27.67%	0.19x	2.08x	Rs1.25 Billion

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: $44,754,876,000
Average return on equity (ROE) among peers: 1.29%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
The Phoenix Mills Limited (PHOENIXLTD)	Rs143.05 Billion	30.69%	0.60x	$7.23 Billion
Housing Development and Infrastructure Limited (HDIL)	$111.55 Billion	2.39%	0.58x	$188.16
Hemisphere Properties India Limited (HEMIPROP)	$3.72 Billion	-3.99%	1.96x	$437.36 Million
Prestige Estates Projects Limited (PRESTIGE)	$55.89 Billion	7.21%	4.33x	$7.09 Billion
Prozone Realty Limited (PROZONER)	$7.86 Billion	-0.45%	1.09x	$80.09 Million

About The Phoenix Mills Limited

NSE:PHOENIXLTD India Real Estate - Diversified

Market Cap

$7.23 Billion

Rs668.14 Billion INR

Market Cap Rank

#2861 Global

#121 in India

Share Price

Rs1868.20

Change (1 day)

+1.15%

52-Week Range

Rs1417.30 - Rs1950.80

All Time High

Rs2041.78