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Phoenix OverseasNSE:PHOGLOBAL -0.70%41 Net-Net Working Capital is ₹4.38 as of Mar. 2026. GuruFocus rates NSE:PHOGLOBAL with a GF Score™ of 41/100. The stock has 7 warning signs investors should review. Among 57 Industrial Distribution companies, Phoenix Overseas ranks better than 66.67% on this metric.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
Phoenix Overseas's Net-Net Working Capital for the quarter that ended in Mar. 2026 was ₹4.38.
The industry rank for Phoenix Overseas's Net-Net Working Capital or its related term are showing as below:
NSE:PHOGLOBAL's Price-to-Net-Net-Working-Capital is ranked better than 66.67% of 57
companies
in the Industrial Distribution industry
Industry Median: 6.22
vs NSE:PHOGLOBAL: 3.23
Phoenix Overseas (NSE:PHOGLOBAL) Net-Net Working Capital Explanation
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
Phoenix Overseas Net-Net Working Capital Related Terms
Phoenix Overseas Net-Net Working Capital Historical Data
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The historical data trend for Phoenix Overseas's Net-Net Working Capital can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:PHOGLOBAL vs GWW, FAST, FERG: Net-Net Working Capital Comparison
For the Industrial Distribution subindustry, Phoenix Overseas's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Phoenix Overseas Price-to-Net-Net-Working-Capital vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Phoenix Overseas's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Phoenix Overseas's Price-to-Net-Net-Working-Capital falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of ₹4.38 mean?
Phoenix Overseas (NSE:PHOGLOBAL) has a Net-Net Working Capital of ₹4.38 as of Mar. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Phoenix Overseas According to the industry distribution chart, Phoenix Overseas ranks #19 out of 57 companies in the Industrial Distribution industry, placing it in the top 33.3%.
Is Phoenix Overseas' Net-Net Working Capital too high?
Phoenix Overseas' current Net-Net Working Capital is ₹4.38. Based on the distribution chart, Phoenix Overseas ranks #19 out of 57 companies in the Industrial Distribution industry, which is above the industry midpoint. Overall, Phoenix Overseas has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Phoenix Overseas' Net-Net Working Capital compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Phoenix Overseas ranks #19 out of 57 companies for Net-Net Working Capital. This puts Phoenix Overseas in the upper half of its industry. The industry median Net-Net Working Capital is 6.22. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for an Industrial Distribution company?
The median Net-Net Working Capital among Industrial Distribution companies is 6.22, based on 57 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Phoenix Overseas For the Industrial Distribution industry, the median Net-Net Working Capital is 6.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phoenix Overseas's current Net-Net Working Capital is ₹4.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phoenix Overseas stock overvalued right now?
Phoenix Overseas (NSE:PHOGLOBAL) has a current Net-Net Working Capital of ₹4.38. The current Net-Net Working Capital is ₹4.38. Phoenix Overseas' overall GF Score™ is 41/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Phoenix Overseas (NSE:PHOGLOBAL), the current Net-Net Working Capital is ₹4.38 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Phoenix Overseas Ltd is engaged into trading and marketing of animal feeds and agricultural produce and commodities such as corn, oil cakes, spices like dry red chilies, coriander, cumin seeds, food grains like rice, wheat, corn, sorghum and tea, pulses and agricultural feed like soya bean meal and rice bran de-oiled cake. It exports are to Bangladesh among other Asian Countries. It is also engaged in manufacturing of bags for men and women made of jute, cotton, canvas, and leather as well as various other fashion accessories for buyers based in European Countries like France, Italy, Germany, UAE and also in Australia. The company include three segments: Fashion Accessories, Merchant Export and Cold storage. Key revenue is generated from Merchant Export.
41GF Score
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