Felix Industries (NSE:FELIX) ROE %: 14.59% (As of Sep. 2025) — 64% Above Median


NSE:FELIX Felix Industries Ltd NSE:FELIX
81 GF Score
Price ₹186.75
GF Value ₹199.94
Valuation Fairly Valued
! 6 Warning Signs
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What is Felix Industries ROE %?

Felix Industries NSE:FELIX -2.45% 81 ROE % is 14.59% as of Sep. 2025, which is 64% above its 10-year median of 8.88. GuruFocus rates NSE:FELIX with a GF Score™ of 81/100 and a GF Value™ of ₹199.94 (Fairly Valued). The stock has 6 warning signs investors should review. Among 234 Waste Management companies, Felix Industries ranks better than 85.47% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Felix Industries's annualized net income for the quarter that ended in Sep. 2025 was ₹169.7 Mil. Felix Industries's average Total Stockholders Equity over the quarter that ended in Sep. 2025 was ₹1,162.9 Mil. Therefore, Felix Industries's annualized ROE % for the quarter that ended in Sep. 2025 was 14.59%.

The historical rank and industry rank for Felix Industries's ROE % or its related term are showing as below:

NSE:FELIX' s ROE % Range Over the Past 10 Years
Min: -13.59   Med: 8.88   Max: 28.48
Current: 15.87

During the past 13 years, Felix Industries's highest ROE % was 28.48%. The lowest was -13.59%. And the median was 8.88%.

NSE:FELIX's ROE % is ranked better than
85.47% of 234 companies
in the Waste Management industry
Industry Median: 4.675 vs NSE:FELIX: 15.87

Felix Industries  (NSE:FELIX) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Sep. 2025 )
=Net Income/Total Stockholders Equity
=169.664/1162.902
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(169.664 / 759.994)*(759.994 / 1807.775)*(1807.775 / 1162.902)
=Net Margin %*Asset Turnover*Equity Multiplier
=22.32 %*0.4204*1.5545
=ROA %*Equity Multiplier
=9.38 %*1.5545
=14.59 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Sep. 2025 )
=Net Income/Total Stockholders Equity
=169.664/1162.902
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (169.664 / 246.04) * (246.04 / 249.91) * (249.91 / 759.994) * (759.994 / 1807.775) * (1807.775 / 1162.902)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6896 * 0.9845 * 32.88 % * 0.4204 * 1.5545
=14.59 %

Note: The net income data used here is two times the semi-annual (Sep. 2025) net income data. The Revenue data used here is two times the semi-annual (Sep. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Felix Industries ROE % Related Terms


Felix Industries ROE % Historical Data

* Premium members only.

The historical data trend for Felix Industries's ROE % 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.

Felix Industries ROE % Chart

Felix Industries Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.49 11.60 9.85 12.21 11.73

Felix Industries Semi-Annual Data
Mar15 Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.57 15.96 2.80 19.02 14.59

NSE:FELIX vs WM, RSG, WCN: ROE % Comparison

For the Waste Management subindustry, Felix Industries's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Waste Management Industry

For the Waste Management industry and Industrials sector, Felix Industries's ROE % distribution charts can be found below:

* The bar in red indicates where Felix Industries's ROE % falls into.


NSE:FELIX
81GF Score
Felix Industries Ltd NSE:FELIX
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Felix Industries ROE % Calculation

Felix Industries's annualized ROE % for the fiscal year that ended in Mar. 2025 is calculated as

ROE %=Net Income (A: Mar. 2025 )/( (Total Stockholders Equity (A: Mar. 2024 )+Total Stockholders Equity (A: Mar. 2025 ))/ count )
=91.133/( (658.872+894.962)/ 2 )
=91.133/776.917
=11.73 %

Felix Industries's annualized ROE % for the quarter that ended in Sep. 2025 is calculated as

ROE %=Net Income (Q: Sep. 2025 )/( (Total Stockholders Equity (Q: Mar. 2025 )+Total Stockholders Equity (Q: Sep. 2025 ))/ count )
=169.664/( (894.962+1430.842)/ 2 )
=169.664/1162.902
=14.59 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Sep. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 14.59% mean?
Felix Industries (NSE:FELIX) has a ROE % of 14.59% as of Sep. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Felix Industries and its competitors. This is 64% above median its historical median of 8.88. According to the industry distribution chart, Felix Industries ranks #34 out of 234 companies in the Waste Management industry, placing it in the top 14.5%.
Is Felix Industries' ROE % too high?
Felix Industries' current ROE % of 14.59% is 64% above median its 10-year median of 8.88. The Waste Management industry median ROE % is 4.68. Felix Industries' value of 14.59% is 212.1% above this industry median. Based on the distribution chart, Felix Industries ranks #34 out of 234 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 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Felix Industries' ROE % compare to WM and RSG?
According to the Waste Management industry distribution chart, Felix Industries ranks #34 out of 234 companies for ROE %. This places Felix Industries in the top 15% of its industry — outperforming the majority of peers. The industry median ROE % is 4.68. Felix Industries' value of 14.59% is 212.1% above this benchmark. While the company's 10-year median is 8.88 vs. the industry median of 4.68, 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 ROE % for a Waste Management company?
The median ROE % among Waste Management companies is 4.68, based on 234 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Felix Industries's current ROE % of 14.59% is 212.1% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Felix Industries and its competitors. For the Waste Management industry, the median ROE % is 4.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Felix Industries's current ROE % is 14.59%, which is 64% above median its own 10-year median of 8.88. 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 Fairly Valued. The stock's GF Value™ is ₹199.94, compared to a current price of ₹186.75 — trading 6.6% below its estimated fair value. The current ROE % is 14.59%, which is 64% above median its 10-year median of 8.88 and 212.1% above the Waste Management industry median of 4.68. Felix Industries' overall GF Score™ is 81/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Felix Industries (NSE:FELIX), the current ROE % is 14.59% as of Sep. 2025. 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 ₹186.75 is trading 6.6% below its estimated GF Value™ of ₹199.94. GuruFocus considers Felix Industries to be Fairly Valued.

Key valuation signals for NSE:FELIX:

  • ROE %: 14.59% (64% above median its 10-year median of 8.88)
  • GF Value™: ₹199.94 vs. price of ₹186.75 (6.6% below fair value)
  • GF Score™: 81/100 with 6 warning signs
  • Industry Position: 212.1% above the Waste Management median (#34 of 234)

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 Business Description

Address Piplaj Pirana Road, Plot No. 123, Devraj Industrial Park, Pirana, Ahmedabad, GJ, IND, 382405
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.
81GF Score

Get the complete analysis for NSE:FELIX

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹186.75
Price
₹199.94
GF Value