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Phoenix Internatl. balance sheet is weak and might have solvency issues
Yes, The net debt of Phoenix Internatl. is increasing.
Latest net debt of Phoenix Internatl. is ₹64.61 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹63.77 Crs.
Yes, profit is increasing.
The profit of Phoenix Internatl. is ₹2.98 Crs for TTM, ₹2.38 Crs for Mar 2024 and ₹2.16 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 Internatl. latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets