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Felix IndustriesNSE:FELIX -2.14%85 ROC (Joel Greenblatt) % is 30.18% as of Mar. 2026, which is 133% above its 10-year median of 12.98. GuruFocus rates NSE:FELIX with a GF Score™ of 85/100 and a GF Value™ of ₹301.87 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 245 Waste Management companies, Felix Industries ranks better than 82.45% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Felix Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 30.18%.
The historical rank and industry rank for Felix Industries's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:FELIX'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -13.93 Med: 12.98 Max: 32.28
Current: 31.43
During the past 13 years, Felix Industries's highest ROC (Joel Greenblatt) % was 32.28%. The lowest was -13.93%. And the median was 12.98%.
NSE:FELIX's ROC (Joel Greenblatt) % is ranked better than 82.45% of 245
companies
in the Waste Management industry
Industry Median: 11.43
vs NSE:FELIX: 31.43
Felix Industries's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Felix Industries (NSE:FELIX) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Felix Industries ROC (Joel Greenblatt) % Related Terms
Felix Industries ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Felix Industries's ROC (Joel Greenblatt) % 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: ROC (Joel Greenblatt) % Comparison
For the Waste Management subindustry, Felix Industries's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Felix Industries's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Felix Industries's ROC (Joel Greenblatt) % falls into.
Felix Industries ROC (Joel Greenblatt) % Calculation
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* 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.
What does a ROC (Joel Greenblatt) % of 30.18% mean?
Felix Industries (NSE:FELIX) has a ROC (Joel Greenblatt) % of 30.18% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Felix Industries and its competitors. This is 133% above median its historical median of 12.98. According to the industry distribution chart, Felix Industries ranks #43 out of 245 companies in the Waste Management industry, placing it in the top 17.6%.
Is Felix Industries' ROC (Joel Greenblatt) % too high?
Felix Industries' current ROC (Joel Greenblatt) % of 30.18% is 133% above median its 10-year median of 12.98. The Waste Management industry median ROC (Joel Greenblatt) % is 11.43. Felix Industries' value of 30.18% is 164% above this industry median. Based on the distribution chart, Felix Industries ranks #43 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 85/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Felix Industries' ROC (Joel Greenblatt) % compare to WM and RSG?
According to the Waste Management industry distribution chart, Felix Industries ranks #43 out of 245 companies for ROC (Joel Greenblatt) %. This places Felix Industries in the top 18% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.43. Felix Industries' value of 30.18% is 164% above this benchmark. While the company's 10-year median is 12.98 vs. the industry median of 11.43, 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 ROC (Joel Greenblatt) % for a Waste Management company?
The median ROC (Joel Greenblatt) % among Waste Management companies is 11.43, based on 245 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Felix Industries's current ROC (Joel Greenblatt) % of 30.18% is 164% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Felix Industries and its competitors. For the Waste Management industry, the median ROC (Joel Greenblatt) % is 11.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Felix Industries's current ROC (Joel Greenblatt) % is 30.18%, which is 133% above median its own 10-year median of 12.98. 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 ₹301.87, compared to a current price of ₹187.40 — trading 37.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 30.18%, which is 133% above median its 10-year median of 12.98 and 164% above the Waste Management industry median of 11.43. Felix Industries' overall GF Score™ is 85/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Felix Industries (NSE:FELIX), the current ROC (Joel Greenblatt) % is 30.18% 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 ₹187.40 is trading 37.9% below its estimated GF Value™ of ₹301.87.
GuruFocus considers Felix Industries to be Possible Value Trap.
Key valuation signals for NSE:FELIX:
ROC (Joel Greenblatt) %: 30.18% (133% above median its 10-year median of 12.98)
GF Value™: ₹301.87 vs. price of ₹187.40 (37.9% below fair value)
Industry Position: 164% above the Waste Management median (#43 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.
85GF Score
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