The Phoenix Mills Balance Sheet
- Market cap
- ₹66,177 crore
- P/E
- 51.7
- P/B
- 6.02
- ROE
- 11.4%
- Dividend yield
- 0.14%
As of Mar 2022, The Phoenix Mills had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings fell 71.83% from Mar 2023.
The Phoenix Mills balance sheet
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 500 | 35.72 | 35.74 | 71.5 | 71.53 |
| Reserves | 8,500 | 5,510 | 6,524 | 7,457 | 7,985 |
| Borrowings | 1,200 | 4,259 | 4,639 | 4,687 | 5,323 |
| Other liabilities | 3,500 | 2,254 | 2,209 | 2,991 | 3,225 |
| Total liabilities | 13,700 | 17,589 | 19,235 | 21,531 | 22,853 |
| Fixed assets | 6,500 | 4,104 | 3,743 | 5,533 | 6,250 |
| Capital work in progress | 400 | 100 | 100 | 100 | 100 |
| Investments | 2,500 | 3,518 | 3,847 | 4,306 | 4,571 |
| Other assets | 4,300 | 5,277 | 5,771 | 6,459 | 6,856 |
| Total assets | 13,700 | 17,589 | 19,235 | 21,531 | 22,853 |
Balance sheet ratios
- Debt to equity
- 0.13
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
The Phoenix Mills balance sheet — frequently asked questions
What is the total debt of The Phoenix Mills?
The Phoenix Mills reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹4,259 crore as of Mar 2023.
What is The Phoenix Mills' debt-to-equity ratio?
Based on the Mar 2022 balance sheet, The Phoenix Mills' debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.
What are The Phoenix Mills' total assets?
The Phoenix Mills' total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.
Same Data For Peers
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