Environmental-infrastructure company delivering water/wastewater treatment, solid & hazardous waste management, waste-oil recycling and metal recycling for industrial and government clients in India and Oman.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 28.2 | +36.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 32.1 | +5.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 5.5 | +54.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 16.64 | +3.3 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -50.61 | +51.9 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 122.11 | +166.9 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Guidance
1 of 3 judged targets kept · 10 open · verdicts reflect calls analysed to Q4 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| EBITDA Margin | 26% to 28% | Q1 FY26 | Achieved 31.19% for FY26, exceeding the 25-30% guided range. | Achieved |
| FY26 Consolidated Revenue | 110 to 130 crores topline | Q1 FY26 | Achieved 102.21 Cr vs. guidance of 110 Cr | Missed |
| Oman Phase 2 Commissioning | Start Phase 2 by December or January | Q1 FY26 | Target of 100 TPD by FY26 end missed. Geopolitical issues cited for slowdown. New guidance is to ramp up from 40 TPD to 2x scale after FY26. | Delayed |
2 of Felix Industries Limited's 13 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 10 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹177.65 on 24 Oct 2025 → ₹177.75. High ₹229.8 (22 Apr 2026), low ₹149.65 (8 Dec 2025).
Overview
Based on the company's own presentations, annual report and earnings calls.
Felix Industries designs, builds and operates water and wastewater treatment plants, solid and hazardous waste facilities, waste-oil recycling units and metal-recycling operations for industrial, commercial and government clients across sectors such as pharmaceuticals, textiles, food & beverage, chemicals, power, steel and oil & gas. It executes work under EPC, BOO, BOOT, O&M and PPP models, earning revenue from project execution as well as long-term operate-and-maintain contracts. Through subsidiaries it also provides water-infrastructure services to the oil & gas sector (including for ONGC), niche residential/commercial water-treatment products, and hazardous-waste/hydrocarbon management in Oman and the wider Middle East, and is expanding into plastic-waste recycling.
Segments
close before → close after
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Guidance
1 of 3 judged targets kept · 10 open · verdicts reflect calls analysed to Q4 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| EBITDA Margin | 26% to 28% | Q1 FY26 | Achieved 31.19% for FY26, exceeding the 25-30% guided range. | Achieved |
| FY26 Consolidated Revenue | 110 to 130 crores topline | Q1 FY26 | Achieved 102.21 Cr vs. guidance of 110 Cr | Missed |
| Oman Phase 2 Commissioning | Start Phase 2 by December or January | Q1 FY26 | Target of 100 TPD by FY26 end missed. Geopolitical issues cited for slowdown. New guidance is to ramp up from 40 TPD to 2x scale after FY26. | Delayed |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 13 tracked commitments, with each call’s wording and source.
Call summaries
Felix Industries Q4 FY26
Felix Industries reported a strong FY26 with significant revenue and profit growth, driven by project execution and recurring revenue streams. The company is strategically positioned for future growth in environmental solutions, with plans for expansion in metal recycling and acid reclamation. However, Q4 margins were impacted by expansion costs and liquidity challenges, and the plastic recycling acquisition remains pending.
Read the full callFelix Industries Q3 FY26
Felix Industries reported a strong Q3 FY26 with ₹45 crores in revenue, contributing to ₹65 crores for the first nine months. The company is on track to meet its FY26 revenue guidance of ₹110 crores, with a significant EPC contract delivery expected in Q4. Strategic expansions in Oman's waste oil processing and plastic recycling are set to drive substantial revenue growth in FY27, with guidance of ₹180-200 crores. While facing a one-time increase in other expenses and avoiding government projects due to payment recovery challenges, Felix remains focused on technology-driven environmental soluti
Read the full callFelix Industries Q2 FY26
Felix Industries delivered a robust financial performance in Q2 FY26, with significant year-on-year growth in revenue, EBITDA, and PAT. The company reiterated its FY26 revenue guidance of ₹110-120 crores and provided an FY27 outlook of ₹180-200 crores, driven by existing projects and new ventures in plastic recycling and sustainable metal recovery. Management highlighted its specialized environmental engineering approach and balanced strategy between EPC and BOOT projects, which contribute to its strong margin profile.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 4 fiscal years held (Mar 2023 to Mar 2026).
Financials
Net profit, year on year: +55% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 8 | 8 | 13 | 21 | 17 | 27 | 37 | 28 |
| Expenses | 7 | 4 | 9 | 15 | 10 | 19 | 30 | 19 |
| Operating profit | 1 | 4 | 4 | 6 | 8 | 7 | 8 | 9 |
| Operating margin | 6.7% | 45.1% | 28.2% | 27.1% | 44.3% | 27.3% | 20.3% | 32.1% |
| Other income | 1 | 2 | 2 | 0 | 1 | 1 | 2 | 1 |
| Interest | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 1 | 5 | 5 | 5 | 8 | 7 | 8 | 8 |
| Tax rate | 69.0% | 8.4% | 22.0% | 25.5% | 29.1% | 25.7% | 44.0% | 30.2% |
| Net profit | 0 | 5 | 4 | 4 | 5 | 5 | 4 | 6 |
| EPS (₹ per share) | 0.23 | 2.92 | 2.38 | 2.68 | 2.78 | 3.24 | 2.38 | 3.30 |
| Line item | Mar 2025 | Mar 2026 |
|---|---|---|
| Sales | 37 | 102 |
| Expenses | 29 | 74 |
| Operating profit | 8 | 28 |
| Other income | 6 | 4 |
| Interest | 1 | 3 |
| Depreciation | 1 | 2 |
| Profit before tax | 12 | 27 |
| Net profit | 9 | 18 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 5 | 5 | 12 | 14 | 17 | 17 |
| Reserves | 2 | 11 | 53 | 76 | 126 | 135 |
| Borrowings | 4 | 4 | 3 | 18 | 19 | 34 |
| Other liabilities | 4 | 4 | 8 | 41 | 51 | 60 |
| Total liabilities | 15 | 24 | 77 | 149 | 213 | 245 |
| Fixed assets | 4 | 4 | 7 | 58 | 61 | 67 |
| Capital work in progress | 1 | 1 | 4 | 19 | 20 | 23 |
| Investments | 0 | 1 | 1 | 2 | 10 | 5 |
| Other assets | 11 | 18 | 66 | 69 | 121 | 151 |
| Total assets | 15 | 24 | 77 | 149 | 213 | 245 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Cash from operations | -6 | -33 | 30 | -37 |
| Cash from investing | -1 | -4 | -67 | -16 |
| Cash from financing | 7 | 42 | 36 | 59 |
| Net cash flow | 0 | 5 | -2 | 6 |
| Free cash flow | -7 | -39 | -38 | -51 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 493 | 161 | 109 | 139 | 157 | 121 |
| Inventory days | 371 | 176 | 195 | 337 | 489 | 238 |
| Days payable | 150 | 174 | 76 | 133 | 743 | 91 |
| Cash conversion cycle | 714 | 164 | 228 | 342 | -96 | 269 |
| Working capital days | 358 | 101 | 213 | 531 | 207 | 228 |
| Return on capital employed | −6.0% | 15.0% | — | 16.0% | 14.0% | 19.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Promoters hold 50.78% as of Sept 2026; institutions added 0.20 pts since Mar 2026.
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Named in the Sep 2026 filing
Every holder of Felix Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 21.45% | unchanged | |
| 18.02% | unchanged | |
| 9.94% | unchanged | |
| 2.72% | unchanged | |
| 2.38% | +0.06 pp | |
| 2.21% | +0.73 pp | |
| 1.50% | +0.45 pp | |
| 1.41% | unchanged | |
| 1.39% | unchanged | |
| FPI fund | 1.10% | −0.06 pp |
| 0.49% | unchanged | |
| 0.44% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
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