Felix Industries Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Published 19 Jul 2026 | Other Utilities | Market Cap: ₹313 Cr

FY27 revenue guidance is close to ₹180-200 crores, with potential to exceed this. FY27 revenue guidance: 180-200 crores, potentially exceeding this range.

From Felix Industries Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Price

₹179

Market Cap

₹313 Cr

P/E Ratio

17.2

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Felix Industries Ltd — Quarterly revenue & net profit

Revenue Net Profit

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Reported quarterly figures (₹ Cr). Latest: revenue ₹27 Cr, net profit ₹5 Cr.

Full financials →

📊 Revenue & Sales Performance

→FY27 revenue guidance is close to ₹180-200 crores, with potential to exceed this.
→Oman operations expected to generate ₹75-80 crores in FY27, growing from current 30 TPD to 100 TPD capacity.
→Plastic recycling business targets up to 1,000 tons per month capacity, aiming for around ₹7 crores revenue monthly.
→New EPC contract completion in March expected to significantly boost Q4 revenues.
→O&M segment targeting ₹50 crores revenue in FY27 (excluding Oman).
→Metal processing business expected to contribute about ₹50 crores in FY27, subject to ongoing discussions.
→Continued expansion plans in Oman and potential future expansion into UAE and Saudi Arabia markets.
→Anticipate 15-20% growth annually post achieving scale in FY27.
→Revenue growth relies on efficient execution of current contracts, especially in Oman LNG and EPC projects.

📈 Profitability & Margins

→FY27 revenue guidance: 180-200 crores, potentially exceeding this range.
→O&M Domestic expected to contribute around 70% EBITDA with 40-50% cost structure.
→Blended net margins anticipated around 17-20%, with segmental EBITDA margins averaging 25-30%.
→Plastic recycling business targeting 6-7 crores monthly revenue with 10-12% PAT margin.
→Metal business potentially contributing 50 crores revenue in FY26-27 if discussions materialize.
→Oman operations aiming for 75-80 crores revenue in next financial year with scale-up to 100 TPD capacity.
→Expansion plans include more O&M orders, EPC projects, and new business lines like acid reclamation and metals.
→Fundraising primarily through bank borrowing; equity raises possible if new large projects arise.
→Focus on recurring O&M revenue for stable margins rather than one-time EPC sales.
→Overall profitability improving with technology-driven, high-margin projects and diversified streams.

See what Felix Industries Ltd said on profitability & margins — free account, 30 seconds.

🏗️ Capital Expenditure Plans

→Felix Industries is expanding its capacity gradually to take on more engineering projects, currently limited to handling 4-5 orders at a time due to capacity constraints (Page 14).
→The company is undertaking civil construction related to EPC projects; this is a one-time expense expected to complete soon (Pages 6, 10).
→There is ongoing investment in BOOT assets, with current capital deployed around ₹30-35 crores (Page 11).
→Plastic recycling plant capacity planned to increase from 300 tons/month to 1,000 tons/month, targeting revenues around ₹7 crores/month (Page 5).
→Oman oil waste processing plant capacity expanding from 30 TPD to 100 TPD, with revenue potential increasing accordingly (Pages 6,12).
→Advanced discussions for launching metal processing business, expected revenue around ₹50 crores in FY26-27 (Page 12).
→Acid reclamation pilot plant is operational and under testing; potential revenue opportunity post stabilization (Page 12).
→Fundraising currently restricted to bank borrowing for working capital; any further capital raises will depend on project needs (Page 13).

💰 Fundraising & Capital Structure

→Current fundraising is limited to bank borrowing/debt for regular working capital requirements.
→No immediate plans for raising equity; any future fundraising beyond bank debt will depend on project needs.
→Debt includes ₹14 crores working capital and ₹4 crores from NBFC as of now, with ongoing renewals and potential enhancements.
→If new projects arise requiring additional funding, the company may consider further fundraising.
→No firm plans for equity fundraising disclosed at this time.

See what Felix Industries Ltd said on fundraising & capital structure — free account, 30 seconds.

📋 Order Book & Pipeline

→Felix Industries currently has ongoing projects including 6 projects with ONGC.
→They recently won a significant 5-year contract from Oman LNG, expected to generate revenues of around 75-80 crores in the next financial year.
→Discussions are underway with large reputed industries in India for new EPC and O&M contracts for FY27.
→The company is focusing on increasing O&M revenue month-on-month as these provide better margins and recurring income.
→Limitations exist on order capacity due to project engineering and execution capability (4-5 orders manageable concurrently).
→Discussions for expansion and new projects in India and the Middle East (UAE, Saudi) are underway.
→Felix is bidding for bigger EPC contracts, leveraging existing relationships and technical capabilities.
→No immediate fundraising planned beyond working capital bank borrowings, but future fundraise possible for larger projects.

Key Metrics

What Felix Industries Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Felix Industries Ltd Q3 FY26 results?

FY27 revenue guidance is close to ₹180-200 crores, with potential to exceed this. FY27 revenue guidance: 180-200 crores, potentially exceeding this range.

What is Felix Industries Ltd share price analysis?

Felix Industries Ltd currently shows a neutral. The stock trades at a P/E of 17.2 with a market cap of ₹313 Cr. Investors should review the full earnings analysis for detailed insights.

Is Felix Industries Ltd planning capital expenditure?

Felix Industries is expanding its capacity gradually to take on more engineering projects, currently limited to handling 4-5 orders at a time due to capacity constraints (Page 14).

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.