Felix Industries Ltd
Incorporated in 2012, Felix Industries Ltd offers total water and environmental solutions
- Market Cap ₹ 308 Cr.
- Current Price ₹ 179
- High / Low ₹ 220 / 108
- Stock P/E 24.6
- Book Value ₹ 81.6
- Dividend Yield 0.00 %
- ROCE 13.1 %
- ROE 9.86 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 98.6% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 9.68% over last 3 years.
- Promoters have pledged or encumbered 32.0% of their holding.
- Company has high debtors of 188 days.
- Promoter holding has decreased over last 3 years: -22.4%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Utilities Utilities Other Utilities Water Supply & Management
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 3 | 5 | 5 | 2 | 2 | 3 | 12 | 19 | 29 | 30 | 48 | |
| 3 | 5 | 5 | 3 | 2 | 3 | 11 | 17 | 24 | 21 | 30 | |
| Operating Profit | 0 | 0 | 0 | -1 | -0 | -0 | 2 | 2 | 5 | 9 | 18 |
| OPM % | 12% | 9% | 8% | -54% | -22% | -16% | 14% | 11% | 17% | 30% | 37% |
| 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 1 | 2 | 2 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | -1 | -1 | -1 | 1 | 1 | 5 | 11 | 18 |
| Tax % | 39% | 31% | 29% | 3% | -60% | -22% | 37% | 18% | 29% | 29% | |
| 0 | 0 | 0 | -1 | -0 | -1 | 1 | 1 | 4 | 8 | 13 | |
| EPS in Rs | 4.40 | 0.46 | 0.51 | -2.22 | -0.57 | -1.18 | 1.63 | 2.30 | 3.02 | 5.50 | 8.47 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 75% |
| 3 Years: | 35% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 99% |
| 3 Years: | 108% |
| TTM: | 100% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 48% |
| 1 Year: | -11% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 10% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.25 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 12 | 14 | 17 |
| Reserves | 0 | 0 | 4 | 3 | 2 | 2 | 2 | 11 | 52 | 74 | 123 |
| 2 | 1 | 1 | 1 | 2 | 3 | 4 | 4 | 3 | 12 | 14 | |
| 1 | 1 | 1 | 1 | 1 | 2 | 4 | 4 | 6 | 16 | 18 | |
| Total Liabilities | 4 | 6 | 10 | 10 | 10 | 12 | 15 | 24 | 73 | 116 | 173 |
| 0 | 1 | 2 | 3 | 3 | 4 | 4 | 4 | 5 | 6 | 6 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 19 | 18 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 6 | 25 | 36 |
| 3 | 5 | 9 | 6 | 7 | 7 | 11 | 18 | 62 | 67 | 112 | |
| Total Assets | 4 | 6 | 10 | 10 | 10 | 12 | 15 | 24 | 73 | 116 | 173 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -2 | -1 | 0 | -1 | -0 | 0 | -6 | -33 | 9 | ||
| -1 | -1 | -2 | -0 | -1 | -1 | -1 | -5 | -36 | ||
| 3 | 4 | 0 | 1 | 1 | 1 | 7 | 42 | 25 | ||
| Net Cash Flow | 0 | 2 | -1 | -0 | 0 | -0 | 0 | 4 | -2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 289 | 270 | 338 | 678 | 599 | 493 | 161 | 109 | 170 | 188 |
| Inventory Days | 114 | 96 | 92 | 372 | 1,062 | 371 | 176 | 195 | 289 | 422 |
| Days Payable | 168 | 100 | 72 | 175 | 228 | 150 | 174 | 76 | 78 | 112 |
| Cash Conversion Cycle | 234 | 266 | 358 | 875 | 1,432 | 714 | 164 | 228 | 381 | 499 |
| Working Capital Days | 83 | 201 | 371 | 702 | 852 | 358 | 101 | 213 | 605 | 472 |
| ROCE % | 12% | 8% | -11% | -6% | -6% | 15% | 12% | 13% | 13% |
Documents
Announcements
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Outcome of Board Meeting
13 November 2025 - Felix Industries Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
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General Updates
29 October 2025 - FELIX to incorporate Felix Prime Metals Pvt Ltd, acquiring 51% for Rs.51,000 by subscribing 5,100 shares.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
8 October 2025 - Certificate under Reg 74(5): no dematerialization up to Sep 30, 2025.
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General Updates
8 October 2025 - Company confirms corporate governance provisions not applicable as listed on NSE EMERGE, certificate attached, dated Oct 08, 2025.
-
Shareholders meeting
30 September 2025 - AGM on Sep 30, 2025 via VC: adopted FY2024-25 financials; appointed Rushi Jani; regularized Nishant Sharma; approved related-party transactions.
Annual reports
Concalls
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Sep 2025TranscriptPPT
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Aug 2025TranscriptNotesPPT
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Jun 2025TranscriptNotesPPT
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Feb 2025TranscriptNotesPPT
Business Profile[1]
Felix Industries Ltd, established in 2010, is a leader in environmental engineering focused on the Zero Waste Philosophy. It specializes in providing integrated solutions for water & wastewater treatment, solid waste management, hydrocarbon recycling, and green hydrogen production. The company operates through multiple contract models like EPC, BOOT, O&M, and PPP.