Felix IndustriesNSE:FELIX -3.54%80 Return-on-Tangible-Equity is 13.11% as of Mar. 2026, which is 46% above its 10-year median of 8.96. GuruFocus rates NSE:FELIX with a GF Score™ of 80/100 and a GF Value™ of ₹321.34 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 226 Waste Management companies, Felix Industries ranks better than 68.14% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Felix Industries's annualized net income for the quarter that ended in Mar. 2026 was ₹193 Mil. Felix Industries's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹1,473 Mil. Therefore, Felix Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 13.11%.
The historical rank and industry rank for Felix Industries's Return-on-Tangible-Equity or its related term are showing as below:
NSE:FELIX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -13.75 Med: 8.96 Max: 16.43
Current: 14.96
During the past 13 years, Felix Industries's highest Return-on-Tangible-Equity was 16.43%. The lowest was -13.75%. And the median was 8.96%.
NSE:FELIX's Return-on-Tangible-Equity is ranked better than 68.14% of 226
companies
in the Waste Management industry
Industry Median: 9.24
vs NSE:FELIX: 14.96
Felix Industries (NSE:FELIX) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Felix Industries Return-on-Tangible-Equity Related Terms
Felix Industries Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Felix Industries's Return-on-Tangible-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: Return-on-Tangible-Equity Comparison
For the Waste Management subindustry, Felix Industries's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-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 Return-on-Tangible-Equity vs Waste Management Industry
For the Waste Management industry and Industrials sector, Felix Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Felix Industries's Return-on-Tangible-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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 13.11% mean?
Felix Industries (NSE:FELIX) has a Return-on-Tangible-Equity of 13.11% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Felix Industries and its competitors. This is 46% above median its historical median of 8.96. According to the industry distribution chart, Felix Industries ranks #72 out of 226 companies in the Waste Management industry, placing it in the top 31.9%.
Is Felix Industries' Return-on-Tangible-Equity too high?
Felix Industries' current Return-on-Tangible-Equity of 13.11% is 46% above median its 10-year median of 8.96. The Waste Management industry median Return-on-Tangible-Equity is 9.24. Felix Industries' value of 13.11% is 41.9% above this industry median. Based on the distribution chart, Felix Industries ranks #72 out of 226 companies in the Waste Management industry, which is above the industry midpoint. Overall, Felix Industries has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Felix Industries' Return-on-Tangible-Equity compare to WM and RSG?
According to the Waste Management industry distribution chart, Felix Industries ranks #72 out of 226 companies for Return-on-Tangible-Equity. This puts Felix Industries in the upper half of its industry. The industry median Return-on-Tangible-Equity is 9.24. Felix Industries' value of 13.11% is 41.9% above this benchmark. While the company's 10-year median is 8.96 vs. the industry median of 9.24, 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-Equity for a Waste Management company?
The median Return-on-Tangible-Equity among Waste Management companies is 9.24, based on 226 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Felix Industries's current Return-on-Tangible-Equity of 13.11% is 41.9% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Felix Industries and its competitors. For the Waste Management industry, the median Return-on-Tangible-Equity is 9.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Felix Industries's current Return-on-Tangible-Equity is 13.11%, which is 46% above median its own 10-year median of 8.96. 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 ₹321.34, compared to a current price of ₹179.85 — trading 44% below its estimated fair value. The current Return-on-Tangible-Equity is 13.11%, which is 46% above median its 10-year median of 8.96 and 41.9% above the Waste Management industry median of 9.24. Felix Industries' overall GF Score™ is 80/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Felix Industries (NSE:FELIX), the current Return-on-Tangible-Equity is 13.11% 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 ₹179.85 is trading 44% below its estimated GF Value™ of ₹321.34.
GuruFocus considers Felix Industries to be Possible Value Trap.
Key valuation signals for NSE:FELIX:
Return-on-Tangible-Equity: 13.11% (46% above median its 10-year median of 8.96)
GF Value™: ₹321.34 vs. price of ₹179.85 (44% below fair value)
Industry Position: 41.9% above the Waste Management median (#72 of 226)
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.
80GF Score
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