Industry Revenues:

• Retail: approx. 70%
• Hospitality: approx. 20%
• Office Real Estate: approx. 10%

TOP 3 Markets:

1. Mumbai: approx. 40%
2. Bengaluru: approx. 25%
3. Pune: approx. 15%

The Phoenix Mills Limited generates the majority of its revenues from the retail sector, particularly through its shopping centers, which have a strong presence in various Indian metropolises. The hospitality sector, including hotels and leisure properties, also contributes significantly to the income.

Mumbai is the largest market for the company, followed by Bengaluru and Pune. These cities are economic centers with high demand for retail and commercial real estate, which explains Phoenix Mills' strong market presence in these regions.

Production Sites: Mainly in India

The Phoenix Mills Limited is a leading company in the field of real estate development and management, particularly known for its shopping centers and retail spaces. The company does not produce physical products in the traditional sense, but develops and manages real estate projects.

The main activities and projects of The Phoenix Mills Limited are located in India, where it operates several large shopping centers in cities such as Mumbai, Pune, Bangalore, and Chennai.

Strategic Growth Initiatives:

1. Expansion of Retail Spaces: The Phoenix Mills Limited plans to significantly expand its retail spaces in the coming years. The goal is to increase the total area by about 20% by 2025 to meet the growing demand for premium retail spaces.

2. Diversification into New Markets: The company aims to expand into new geographical markets within India, especially in emerging cities with high growth potential.

3. Development of Mixed-Use Projects: Another focus is on the development of mixed-use projects that combine retail, office spaces, and residential properties. This is intended to diversify revenue sources and secure stable income.

4. Sustainability Initiatives: The Phoenix Mills Limited is investing in sustainable construction and operational practices to meet ecological standards and reduce operating costs in the long term.

These strategic initiatives aim to strengthen market leadership in the retail real estate sector while also unlocking new growth opportunities.

Main Imported Raw Materials: Building materials, interior finishing materials

Countries of Origin: China, Italy, Germany

The Phoenix Mills Limited, as a leading real estate development company in India, mainly imports building materials and materials for interior finishing. These materials include high-quality tiles, marble, and other finishing materials used for the construction and outfitting of their shopping centers and commercial properties.

China is a significant supplier due to its cost-effective production capacities and the wide availability of building materials. Italy and Germany are known for their high-quality interior finishing materials, often used in premium projects to create a luxurious ambiance.

By diversifying their supply chains, The Phoenix Mills Limited can ensure both cost efficiency and quality, which are crucial for their market position in the Indian real estate sector.

Market share in the retail real estate sector: 20% (estimated, 2025)
EBITDA margin: 45% (2024)
Average rental yield: 8% (2024)

The Phoenix Mills Limited has a significant competitive advantage in the retail real estate sector in India. With an estimated market share of 20% in 2025, the company is one of the leading players in this sector.

The high EBITDA margin of 45% in 2024 demonstrates the efficiency and profitability of the company compared to its competitors. This margin is an indicator of the company's ability to control its costs while generating high revenues.

In addition, The Phoenix Mills Limited benefits from an average rental yield of 8%, indicating strong demand for its properties and effective rental pricing. These factors together give the company a solid competitive edge in a growing market.

Institutional Investor Share: Approximately 45% (estimated for 2025 based on historical data)

Insider Buys/Sells: No significant transactions in the last year (estimated for 2025)

The institutional investor share in The Phoenix Mills Limited traditionally ranges from 40-50%. These investors include large investment funds and pension funds that invest in the company for the long term.

No significant insider transactions were reported in 2025. This suggests that the management and other insiders are currently not making significant changes to their stake in the company, indicating stability and confidence in the current corporate strategy.

Market share of The Phoenix Mills Limited: Estimated 8% (2025)

Top competitors and their market shares:

1. DLF Limited: 12%
2. Oberoi Realty: 10%
3. Brigade Enterprises: 9%
4. The Phoenix Mills Limited: 8%
5. Prestige Estates Projects: 7%
6. Godrej Properties: 6%
7. Sobha Limited: 5%
8. Indiabulls Real Estate: 4%
9. Mahindra Lifespace Developers: 3%
10. Puravankara Limited: 2%

Economic moat of The Phoenix Mills Limited:

The Phoenix Mills Limited has a moderate economic moat, mainly supported by its strategically located retail properties and strong brand presence in urban areas. The company has made a name for itself through its high-quality shopping malls and mixed-use developments that generate high foot traffic and rental income.

Compared to competitors, DLF Limited has a stronger economic moat due to its extensive land reserves and diversified real estate portfolios encompassing both residential and commercial properties. Oberoi Realty and Brigade Enterprises also benefit from their strong brands and high-quality projects, giving them a competitive edge.

Overall, The Phoenix Mills Limited has a solid, though not insurmountable, economic moat. Competition in the real estate sector is intense, and many competitors have also built strong positions through diversification and strategic land acquisitions.

Revenue Growth: 18% (2024)
EBITDA Growth: 20% (2024)
Net Debt to EBITDA Ratio: 0.5 (2024)

The Phoenix Mills Limited recorded strong revenue growth of 18% in 2024, attributed to the opening of new shopping centers and a recovery in the retail sector. The company also achieved EBITDA growth of 20%, indicating efficient cost controls and improved operational performance.

With a net debt to EBITDA ratio of 0.5, the company demonstrates a solid financial structure and effective debt management capabilities. This is particularly crucial in the real estate industry, where high capital investments are required.

Overall, The Phoenix Mills Limited's financial performance suggests that the company is well positioned to benefit from the ongoing recovery in the retail sector. Investors may view this as a positive signal for potential investment, especially those interested in long-term growth opportunities in the real estate sector.

Dividend yield: 1.8% (2024)
Dividend history: Continuous payout over the last 5 years

The Phoenix Mills Limited has consistently distributed dividends to its shareholders in recent years. The dividend yield was approximately 1.8% in 2024. This indicates a relatively stable and reliable payout, especially considering the continuous dividend payments over the past five years.

The company has established itself as a leading player in the real estate and retail sector, contributing to a stable source of income. This stability supports the company's ability to pay regular dividends. Analysts expect that The Phoenix Mills Limited will continue to pursue a similar dividend policy in the coming years, barring any significant market changes.