Phoenix Mills

This was earlier a textile company, started by the Ruias in 1905 in the Lower Parel area of Mumbai. But after the shutdown and lying derelict for years, it finally reinvented itself as a realty company, building on its 17.3 acres of land. Today, the company's portfolio includes over four types of developments, such as Retail, Commercial, Residential and Hospitality, at Mumbai, Pune, Bengaluru, Chennai, Lucknow, Bareilly and Agra. Under the Retail segment, the company has 8 malls in over six cities. It has five residential projects under construction, aggregating approximately 5.5 million square feet of saleable area. It has five commercial centers in two cities where it rebranded Palladium Hotel as The St.Regis Mumbai and acquired controlling stake in Gangetic Hotels in Agra.

In terms of financial performance, for Q2FY17, the company posted a 16% (YoY) rise in consolidated revenue at Rs.491 crore. EBITDA was up 25% at Rs.231 crore with margins improving from 44% to 47%. Net profit came in at Rs.54 crore, up 42%.

The company’s consolidated borrowings stand at Rs.3593 crore and cash is at Rs.510 crore. Equity is at Rs.30.61 crore and annualized EPS for the year stands at Rs.13 (FV of Rs.2).