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Felix Industries Ltd (FELIX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: FELIX Environmental Services | Small Cap | Felix Industries Share Price

BSE Share Price
Not Listed

Felix Industries Ltd (FELIX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: FELIX Environmental Services | Small Cap | Felix Industries Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹372 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹11.7
TTM Sales
₹110 Cr.
Book Value per Share
₹89
P/E Ratio
18.49
Lower than its 5-year historical median
Industry PE
33
Price to Book (P/B)
2.43
Lower than its 5-year historical median
Price to Sales (P/S)
3.39
Lower than its 5-year historical median
EV/EBITDA
11.09
Lower than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
16.71%
Outperforms industry median
Return on Capital Employed (ROCE)
20.39%
Outperforms industry median
Return on Assets (ROA)
9.22%
Operating Profit Margin
27.6%
Net Profit Margin
17.79%
Gross Profit Margin
28.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
152.07%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
241.23%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
99.56%
Asset Quality
Promoter Holding
50.78%
Pledged shares (%) of Promoter's holding (%)
40.46%
Reserves
₹136 Cr.
Equity
₹17.2 Cr.
Face Value
₹10
All Time Low / High
₹0.00 / 0.00

Felix Industries stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Strong
Q.1 Is Felix Industries Ltd a good quality company?
Felix Industries Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Felix Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Felix Industries Ltd vs industry peers?
Felix Industries Ltd revenue CAGR is 75.00%, compared to the industry median CAGR of 29.24%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Felix Industries Ltd?
Promoters hold 50.78% of the Felix Industries Ltd, with 40.46% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Felix Industries Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 39.35% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Felix Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 12.3%7.7%-10.9%-6.5%-5.7%14.7%12%13.4%13.1%22.3%-
Value Creation
Index
-0.1-0.5-1.8-1.5-1.40.1-0.1-0.1-0.1NA-

Growth Parameters

Sales 5.25.221.9312.419.428.930.777.485
Sales YoY Gr.-1.4%-62.6%-4.6%57.8%319.7%56.5%48.9%6.3%152.1%-
Adj EPS 0.50.5-2.3-0.5-1.21.62.335.410.913
YoY Gr.-8.7%-552%NANANA40.7%32%80.7%100.2%-
BVPS (₹) 10.417.114.714.213.114.81731.95084.487.8
Adj Net
Profit
0.20.3-1.2-0.3-0.60.81.23.87.418.722
Cash Flow from Ops. -1.7-1.50-0.9-0.20.4-6.1-33.39.1-38.5-
Debt/CF from Ops. -0.7-0.4229-2.2-19.210.4-0.7-0.11.4-0.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 35.1%92.2%58.6%152.1%
Adj EPS 42.1%NA68.4%100.2%
BVPS26.3%45.1%70.5%68.9%
Share Price - 38.6% 20.1% 25.7%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
7.94-13.9-3.6-8.611.69.89.39.715.815.1
Op. Profit
Mgn %
8.77.4-53.7-21.4-15.914.4111729.536.437.3
Net Profit
Mgn %
3.34.9-58.8-14.6-20.66.761324.224.226.4
Debt to
Equity
0.30.10.20.30.50.50.50.10.20.2-
Working Cap
Days
2954091,1391,154801230254446726469272
Cash Conv.
Cycle
205296936977623127120170255125203

Valuation of Felix Industries - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.0032.0440.46
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'23Mar'24Mar'25Mar'26
Sales193437102
Operating Expenses + 17282974
Manufacturing Costs25418
Material Costs9131030
Employee Cost 47915
Other Costs 14511
Operating Profit 26828
Operating Profit Margin (%) 11.0%16.6%22.4%27.6%
Other Income + 0264
Exceptional Items 0000
Interest 1113
Depreciation 0012
Profit Before Tax 171227
Tax 0239
Profit After Tax 15918
PAT Margin (%) 6.0%14.8%24.8%17.8%
Adjusted EPS (₹)2.34.06.710.6
Dividend Payout Ratio (%)0%0%0%0%
PARTICULARSMar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 94170148
Share Capital 5121417
Reserves 42856130
Debt +421727
Long Term Debt211014
Short Term Debt21713
Minority Interest0-0611
Trade Payables25218
Others Liabilities 10293552
Total Liabilities 2477149245

Fixed Assets

Net Fixed Assets +475867
Gross Block586071
Accumulated Depreciation1124
CWIP 141923
Investments 1125
Inventories5121420
Trade Receivables6131634
Cash Equivalents 05310
Others Assets 8363687
Total Assets 2477149245
PARTICULARSMar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -6-3330-37
PBT 171127
Adjustment 1-0-17
Changes in Working Capital -8-3921-68
Tax Paid -0-0-2-3
Cash Flow From Investing Activity + -1-4-67-16
Capex -1-5-68-15
Net Investments -00-2-3
Others 0121
Cash Flow From Financing Activity + 7423659
Net Proceeds from Shares 02300
Net Proceeds from Borrowing -0-049
Interest Paid -1-1-1-3
Dividend Paid 0000
Others 8213253
Net Cash Flow 05-26
PARTICULARSMar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)13.520.2116.4516.71
ROCE (%)9.416.0314.820.39
Asset Turnover Ratio0.850.710.330.52
PAT to CFO Conversion(x)-6-6.63.33-2.06
Working Capital Days
Receivable Days10294.10141.6088.80
Inventory Days85.2083126.9060.40
Payable Days75.7093.90450.70174.40

Top 5 Mutual Funds Holding

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Announcements

Felix Industries Ltd FAQs

The current trading price of Felix Industries on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Felix Industries stood at ₹372.2 Cr

The latest P/E ratio of Felix Industries as of 31-Dec-1969 is 16.62.

The latest P/B ratio of Felix Industries as of 31-Dec-1969 is 2.46.

The 52-week high of Felix Industries is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Felix Industries is ₹84.80 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Felix Industries Ltd is a below average quality company.

The key valuation ratios of Felix Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Felix Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Felix Industries Ltd

Felix Industries was incorporated as Felix Industries Private Limited on September 18, 2012. Subsequently, pursuant to Shareholders Resolution passed at the Extra-ordinary General Meeting held on April 11, 2017, company was converted into a Public Limited Company and the name of company was changed to ‘Felix Industries Limited’ vide a fresh Certificate of Incorporation dated April 24, 2017 issued by the Registrar of Companies, Ahmedabad, Gujarat.

The company is a leading environmental engineering company committed to delivering end-to-end solutions across the water, wastewater, solid waste, and hydrocarbon management spectrum. Established with a vision to drive sustainable industrial transformation, it operates at the intersection of circular economy principles and technological innovation. Its comprehensive service portfolio spans Effluent and Sewage Treatment Plants, Zero Liquid Discharge systems, Solid Waste, and Hydrocarbon Re-refining. It serves clients across diverse industries including textiles, pharmaceuticals, oil & gas, food processing, and infrastructure.

Its business is strategically diversified across key pillars of environmental sustainability, each addressing critical needs of a resource-constrained world. It specialises in comprehensive water and wastewater management, offering end-to end solutions that reclaim, treat, recycle, reduce and reuse water for industrial and municipal use. Its solid waste management segment focuses on the safe handling, processing, and recovery of valuables, converting solid waste to energy from municipal and industrial waste streams, aligned with circular economy principles. In hydrocarbon recycling, it provides advanced solutions to recover valuable hydrocarbons and its derivatives from oily and hazardous wastes, reducing environmental risks while enabling resource reuse. Together, these synergistic verticals reflect its commitment to innovation-led, impact driven environmental engineering.

It is guided by a Zero-Waste Philosophy and driven by a mission to reclaim resources, reduce environmental impact, and restore ecological balance. It operates through a multi-model execution framework, including EPC, BOOT, BOT, O&M, and PPP, enabling tailored, scalable solutions for complex environmental challenges. As it continues to expand its global footprint and invest in future-ready infrastructure, the company remains firmly focused on delivering purpose-driven growth and long-term stakeholder value.

Business area of the company

The company is engaged in the business of development of water and waste water recycling and treatment system, industrial piping solutions and e-waste recycling system. It is a leading environmental engineering company committed to delivering end-to-end solutions across the water, wastewater, solid waste, and hydrocarbon management spectrum.

History and milestones

  • 2010: The company began its journey as a visionary Eco tech start-up, driven by a desire to address environmental challenges through scientific thinking, sustainable practices, and technological innovation.
  • 2012: The company formally incorporated as Felix Industries Private Limited, rapidly scaling its technical capabilities and expanding business operations across water and waste verticals.
  • 2014: It diversified into e-waste recycling, becoming early adopters in the recovery of heavy metals from discarded electronics, an essential step towards resource conservation and responsible recycling.
  • 2017: Achieving a major corporate milestone, it becomes a publicly listed company on the National Stock Exchange of India (NSE), a tribute to its credibility, governance, and commitment to value creation.
  • 2018: It entered the solid waste management space, focusing on converting industrial waste into reusable materials, further deepening its involvement in the circular economy.
  • 2024: Felix Ventured Multiple segments of environment through its subsidiaries as Rivita Solution Private Limited, Felix WMC Private Limited, Enovation Aqua Process Private Limited started the operations.
  • 2025: It’s Oman-based subsidiary, Felix Industries LLC, commenced full-scale operations, extending its footprint and solution delivery capabilities to the Gulf region. 
  • 2025: It secured major contracts for effluent water treatment and disposal for an oil & gas company, zero liquid discharge (ZLD) system purchase order for a steel sector company, and the design, supply, installation, and commissioning of ZLD and water treatment plants for a food & beverage company, highlighting its technical expertise and industry trust.

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