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Balance sheet of Phoenix Overseas is strong.
But short term working capital might become an issue for this company.
The debt of Phoenix Overseas is decreasing.
Latest debt of Phoenix Overseas is -₹4.75 Crs as of Sep-24.
This is less than Mar-24 when it was ₹12.42 Crs.
The profit is oscillating.
The profit of Phoenix Overseas is ₹2.24 Crs for TTM, ₹5.5 Crs for Mar 2024 and ₹3.76 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Phoenix Overseas latest dividend payout ratio is 19.69% and 3yr average dividend payout ratio is 16.72%
Companies resources are majorly tied in miscellaneous assets