Felix Industries Ltd – Company Report
1. Company Overview
Felix Industries Ltd, founded in 2010 and headquartered in Ahmedabad, Gujarat, is a pioneering eco-tech company focused on environmental conservation, resource rejuvenation, and innovative engineering solutions. Initially established as a start-up, Felix has quickly evolved—first transitioning to a private entity in 2012, then becoming a public limited company listed on NSE Emerge in 2017. The company is guided by a vision to be a global leader in sustainable environmental engineering, underscored by its core philosophy of “Recycle–Reuse–Recover–Reduce.”
With a dynamic leadership team including Founder and MD Ritesh Vinaybhai Patel, Felix Industries has expanded its footprint in India and abroad, including recent operational milestones in the Middle East. The company operates via direct projects and various subsidiaries and is known for its strong focus on closing the utility loop and driving urban waste transformation into high-value resources and renewable energy.
- Incorporated: 2010
- Headquarters: Ahmedabad, Gujarat, India
- Listing: NSE Emerge (since 2017)
- Founder & MD: Ritesh Vinaybhai Patel
- Employees: 200+
- Focus: Sustainable water management, waste recycling, environmental engineering
- International Operations: Middle East (notably UAE, Oman)
2. Products and Services
Felix Industries Ltd delivers a diverse range of eco-friendly engineering solutions and services across multiple environmental segments:
Water & Waste Water Engineering:
- Complete water cycle management (drinking water production, waste collection, effluent treatment, recovery, and recycling)
- Zero Liquid Discharge (ZLD) systems, ultrafiltration, nanofiltration, reverse osmosis, and membrane technologies
- Potable water reclamation and grey water recycling
- Turnkey solutions for sewage and industrial wastewater treatment
Industrial Piping Division:
- Anti-corrosion piping and comprehensive thermoplastic systems (C-PVC, U-PVC, PVDF, PP-H, HDPE)
- Industrial fittings, flanges, valves, and custom accessories
E-waste Recycling:
- Government-approved e-waste recycling plant with a capacity of 6,000 MT per year
- Responsible collection, segregation, dismantling, and material recovery
- Clients include electronics manufacturers, corporates, and government agencies
Waste Oil & Hydrocarbon Recycling:
- Processes plastic waste, used oils, oily sludge, and industrial by-products from refineries
- Recovers high-quality lubricants and reusable water
Other Segments:
- Environmental project consulting, nano products, solid and hazardous waste management
- PPP models, BOO/BOOT contracts, and EPC solutions for infra projects
Sectors Served: Steel, pharma, chemicals, automotive, textiles & dyes, food and dairy, IT parks, among others.
3. Recent News and Financial Performance
Recent Developments
- February 23, 2025: Signed MoU with Greenzo Energy India Ltd for collaboration on green hydrogen and solar project tech.
- March 7, 2025: Subsidiary Rivita Solutions Pvt. Ltd. won a ₹1.659 crore O&M contract from ONGC (Ahmedabad).
- June 14, 2024: Partnered with Srestha Finvest Ltd for ₹5 crore funding to build a renewable and water recycling plant for Aarti Industries Ltd. The company has already said that it will fund ₹250 million for targeting the mission in the next 1-2 years and also expand its footprint in new technology sectors.
- May 3, 2025: Received ₹7.58 crore EPC order from Accent Microcell Ltd for 1,000 KLD (1 MLD) Water Treatment Plant (WTP) system.
- April 15, 2025: Won ₹32.57 crore order from Nilkanth Infra for a 2 MLD Common Effluent Treatment Plant at Sun Industrial Park, Gujarat.
- August 4, 2025: Secured over ₹140 crore BOOT model project from Hocco Industries Pvt. Ltd. for ZLD/WTP/STP systems (to be executed over 10 years).
Q4 FY2025 Highlights:
- Net Sales: ₹14.94 crore
- Net Profit: ₹3.25 crore
- EPS (Q4): ₹3.10
4. Financial Performance (FY2025)
| Metric | FY2025 | FY2024 |
|---|---|---|
| Revenue | ₹42.34 crore | ₹35.79 crore |
| Net Profit | ₹8.23 crore | ₹5.01 crore |
| EBITDA | ₹13.78 crore | — |
| Net Profit Margin | 19.4% | — |
| Operating Profit Margin | 22.46% | — |
| Basic EPS | ₹6.02 | — |
| Return on Equity (ROE) | 11% | — |
| Dividend | Nil | — |