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Felix IndustriesNSE:FELIX +1.12%84 Debt-to-Equity is 0.22 as of Mar. 2026, which is 12% below its 10-year median of 0.25. GuruFocus rates NSE:FELIX with a GF Score™ of 84/100 and a GF Value™ of ₹305.81 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 216 Waste Management companies, Felix Industries ranks better than 74.07% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Felix Industries's Debt-to-Equity or its related term are showing as below:
NSE:FELIX'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.25 Max: 0.54
Current: 0.22
During the past 13 years, the highest Debt-to-Equity Ratio of Felix Industries was 0.54. The lowest was 0.04. And the median was 0.25.
NSE:FELIX's Debt-to-Equity is ranked better than 74.07% of 216
companies
in the Waste Management industry
Industry Median: 0.595
vs NSE:FELIX: 0.22
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Felix Industries Debt-to-Equity Related Terms
Felix Industries Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Felix Industries's Debt-to-Equity 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:FELIX vs WM, RSG, WCN: Debt-to-Equity Comparison
For the Waste Management subindustry, Felix Industries's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
Felix Industries Debt-to-Equity vs Waste Management Industry
For the Waste Management industry and Industrials sector, Felix Industries's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Felix Industries's Debt-to-Equity 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.
Felix Industries (NSE:FELIX) has a Debt-to-Equity of 0.22 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Felix Industries and its competitors. This is 12% below median its historical median of 0.25. Over the past decade, Felix Industries' Debt-to-Equity has ranged from 0.04 to 0.54. According to the industry distribution chart, Felix Industries ranks #56 out of 216 companies in the Waste Management industry, placing it in the top 25.9%.
Is Felix Industries' Debt-to-Equity too high?
Felix Industries' current Debt-to-Equity of 0.22 is 12% below median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.54. The Waste Management industry median Debt-to-Equity is 0.60. Felix Industries' value of 0.22 is 63% below this industry median. Based on the distribution chart, Felix Industries ranks #56 out of 216 companies in the Waste Management industry, which is above the industry midpoint. Overall, Felix Industries has a GF Score™ of 84/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Felix Industries' Debt-to-Equity compare to WM and RSG?
According to the Waste Management industry distribution chart, Felix Industries ranks #56 out of 216 companies for Debt-to-Equity. This puts Felix Industries in the upper half of its industry. The industry median Debt-to-Equity is 0.60. Felix Industries' value of 0.22 is 63% below this benchmark. Historically, Felix Industries' own Debt-to-Equity has ranged from 0.04 to 0.54 over the past decade. While the company's 10-year median is 0.25 vs. the industry median of 0.60, Felix Industries has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Waste Management company?
The median Debt-to-Equity among Waste Management companies is 0.60, based on 216 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Felix Industries's current Debt-to-Equity of 0.22 is 63% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Felix Industries and its competitors. For the Waste Management industry, the median Debt-to-Equity is 0.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Felix Industries's current Debt-to-Equity is 0.22, which is 12% below median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Felix Industries stock overvalued right now?
Based on GuruFocus' analysis, Felix Industries (NSE:FELIX) is currently considered Possible Value Trap. The stock's GF Value™ is ₹305.81, compared to a current price of ₹189.85 — trading 37.9% below its estimated fair value. The current Debt-to-Equity is 0.22, which is 12% below median its 10-year median of 0.25 and 63% below the Waste Management industry median of 0.60. Felix Industries' overall GF Score™ is 84/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Felix Industries (NSE:FELIX), the current Debt-to-Equity is 0.22 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.
Is Felix Industries (NSE:FELIX) Overvalued in 2026?
Based on GuruFocus' analysis, Felix Industries stock appears to be undervalued.
The current stock price of ₹189.85 is trading 37.9% below its estimated GF Value™ of ₹305.81.
GuruFocus considers Felix Industries to be Possible Value Trap.
Key valuation signals for NSE:FELIX:
Debt-to-Equity: 0.22 (12% below median its 10-year median of 0.25)
GF Value™: ₹305.81 vs. price of ₹189.85 (37.9% below fair value)
Industry Position: 63% below the Waste Management median (#56 of 216)
No single metric tells the full story. See the NSE:FELIX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Felix Industries Ltd is an Indian company engaged in water collection, treatment, and supply. It offers solutions for water and wastewater management by way of Reverse Osmosis Systems, Effluent Recycling Systems, and Zero Liquid Discharge Systems. The company provides services in the areas of water and wastewater engineering, industrial piping division, and E-waste recycling. The group operates in two different geographical territories, i.e., India and Oman. It generates the majority of its revenue within India.
84GF Score
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