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Felix IndustriesNSE:FELIX +0.53%84 Return-on-Tangible-Asset is 6.66% as of Mar. 2026, which is 40% above its 10-year median of 4.75. GuruFocus rates NSE:FELIX with a GF Score™ of 84/100 and a GF Value™ of ₹302.72 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 245 Waste Management companies, Felix Industries ranks better than 84.08% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Felix Industries's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹164 Mil. Felix Industries's average total tangible assets for the quarter that ended in Mar. 2026 was ₹2,454 Mil. Therefore, Felix Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.66%.
The historical rank and industry rank for Felix Industries's Return-on-Tangible-Asset or its related term are showing as below:
NSE:FELIX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -11.5 Med: 4.75 Max: 9.95
Current: 9.15
During the past 13 years, Felix Industries's highest Return-on-Tangible-Asset was 9.95%. The lowest was -11.50%. And the median was 4.75%.
NSE:FELIX's Return-on-Tangible-Asset is ranked better than 84.08% of 245
companies
in the Waste Management industry
Industry Median: 2.02
vs NSE:FELIX: 9.15
Felix Industries (NSE:FELIX) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Felix Industries Return-on-Tangible-Asset Related Terms
Felix Industries Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Felix Industries's Return-on-Tangible-Asset 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: Return-on-Tangible-Asset Comparison
For the Waste Management subindustry, Felix Industries's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Waste Management Industry
For the Waste Management industry and Industrials sector, Felix Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Felix Industries's Return-on-Tangible-Asset 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 the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 6.66% mean?
Felix Industries (NSE:FELIX) has a Return-on-Tangible-Asset of 6.66% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Felix Industries and its competitors. This is 40% above median its historical median of 4.75. According to the industry distribution chart, Felix Industries ranks #39 out of 245 companies in the Waste Management industry, placing it in the top 15.9%.
Is Felix Industries' Return-on-Tangible-Asset too high?
Felix Industries' current Return-on-Tangible-Asset of 6.66% is 40% above median its 10-year median of 4.75. The Waste Management industry median Return-on-Tangible-Asset is 2.02. Felix Industries' value of 6.66% is 229.7% above this industry median. Based on the distribution chart, Felix Industries ranks #39 out of 245 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. 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' Return-on-Tangible-Asset compare to WM and RSG?
According to the Waste Management industry distribution chart, Felix Industries ranks #39 out of 245 companies for Return-on-Tangible-Asset. This places Felix Industries in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.02. Felix Industries' value of 6.66% is 229.7% above this benchmark. While the company's 10-year median is 4.75 vs. the industry median of 2.02, Felix Industries has consistently been above 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 Return-on-Tangible-Asset for a Waste Management company?
The median Return-on-Tangible-Asset among Waste Management companies is 2.02, based on 245 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Felix Industries's current Return-on-Tangible-Asset of 6.66% is 229.7% above 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Felix Industries and its competitors. For the Waste Management industry, the median Return-on-Tangible-Asset is 2.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Felix Industries's current Return-on-Tangible-Asset is 6.66%, which is 40% above median its own 10-year median of 4.75. 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 ₹302.72, compared to a current price of ₹181.55 — trading 40% below its estimated fair value. The current Return-on-Tangible-Asset is 6.66%, which is 40% above median its 10-year median of 4.75 and 229.7% above the Waste Management industry median of 2.02. Felix Industries' overall GF Score™ is 84/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Felix Industries (NSE:FELIX), the current Return-on-Tangible-Asset is 6.66% 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 ₹181.55 is trading 40% below its estimated GF Value™ of ₹302.72.
GuruFocus considers Felix Industries to be Possible Value Trap.
Key valuation signals for NSE:FELIX:
Return-on-Tangible-Asset: 6.66% (40% above median its 10-year median of 4.75)
GF Value™: ₹302.72 vs. price of ₹181.55 (40% below fair value)
Industry Position: 229.7% above the Waste Management median (#39 of 245)
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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