SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Fiem Industries Ltd (FIEMIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532768 NSE: FIEMIND Auto Ancillary | Small Cap | Fiem Inds Share Price

₹2,406.40 97.10 (4.20%)

As on 15-Jun'26 12:39

Fiem Industries Ltd (FIEMIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532768 NSE: FIEMIND Auto Ancillary | Small Cap | Fiem Inds Share Price

₹2,406.40 97.10 (4.20%)

As on 15-Jun'26 12:39

Key Metrics
Valuation Multiples
Market Cap
₹6,078 Cr.
Current Price
₹2,406.4
52-Week Low / High
₹1,794 / 2,554
TTM EPS
₹96.5
TTM Sales
₹2,791 Cr.
Book Value per Share
₹459.5
P/E Ratio
23.94
Higher than its 5-year historical median
Industry PE
43.1
Price to Book (P/B)
5.03
Higher than its 5-year historical median
Price to Sales (P/S)
2.18
Higher than its 5-year historical median
EV/EBITDA
14.01
Higher than its 5-year historical median
Dividend Yield
2.13%
Profitability Efficiency
Return on Equity (ROE)
21.25%
Outperforms industry median
Return on Capital Employed (ROCE)
28.81%
Outperforms industry median
Return on Assets (ROA)
15.51%
Operating Profit Margin
13.1%
Net Profit Margin
8.43%
Gross Profit Margin
13.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
19.45%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
18.1%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
23.09%
Asset Quality
Promoter Holding
54.52%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,183 Cr.
Equity
₹26.3 Cr.
Face Value
₹10
All Time Low / High
₹19.62 / 2554.30

Fiem Industries stock performance

Key Ratios
mw4me loader

Check Before You Invest

Valuation

Overvalued

Price Trend

Semi Strong
Q.1 Is Fiem Industries Ltd a good quality company?
Fiem Industries Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Fiem Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Fiem Industries Ltd vs industry peers?
Fiem Industries Ltd revenue CAGR is 11.95%, compared to the industry median CAGR of 11.89%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Fiem Industries Ltd?
Promoters hold 54.52% of the Fiem Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Fiem Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 18.8% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Fiem Industries Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 26%13.3%16.8%17.1%16.4%12.2%21.2%27.4%27.5%28.8%-
Value Creation
Index
0.9-0.10.20.20.2-0.10.51.01.01.1-

Growth Parameters

Sales 9871,0141,2381,4441,3781,2211,5721,8482,0282,4222,791
Sales YoY Gr.-2.8%22.1%16.6%-4.6%-11.4%28.8%17.5%9.7%19.5%-
Adj EPS 23.916.219.121.130.318.736.2536376.696.5
YoY Gr.--32%17.4%10.4%44.1%-38.2%93.1%46.5%18.8%21.7%-
BVPS (₹) 108.3155.7170.6181.1201217.9246288.6336.4393.4459.5
Adj Net
Profit
57.142.850.255.479.849.395.3140166202254
Cash Flow from Ops. 1224612411920913692.6131135232-
Debt/CF from Ops. 1.24.91.31.40.50.40.2000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 10.5%12%15.5%19.5%
Adj EPS 13.8%20.4%28.4%21.7%
BVPS15.4%14.4%17%17%
Share Price 19% 48.2% 39.2% 27.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
22.812.511.71215.9915.619.820.22122.6
Op. Profit
Mgn %
12.911.611.410.711.41112.313.413.213.114.1
Net Profit
Mgn %
5.84.24.13.85.846.17.68.28.39.1
Debt to
Equity
0.50.60.40.40.20.100000
Working Cap
Days
6481909082747375787961
Cash Conv.
Cycle
451216143818282936

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales9871,0141,2381,4441,3781,2211,5721,8482,0282,422
Operating Expenses + 8608971,0981,2891,2211,0871,3791,6001,7602,106
Manufacturing Costs105113128131125105127136158171
Material Costs5735877378988407549861,1311,2421,503
Employee Cost 127146177196196164205236284327
Other Costs 565156646064619676105
Operating Profit 127117141155157134193248268316
Operating Profit Margin (%) 12.9%11.6%11.4%10.7%11.4%11.0%12.3%13.4%13.2%13.1%
Other Income + 1551233111621
Exceptional Items 0-1430-1-30004
Interest 1623232218129732
Depreciation 33394449535759635864
Profit Before Tax 794582858765129188223275
Tax 2213293081834495771
Profit After Tax 57335355794795140166204
PAT Margin (%) 5.8%3.2%4.2%3.8%5.7%3.9%6.1%7.6%8.2%8.4%
Adjusted EPS (₹)23.912.520.021.130.017.936.253.163.077.6
Dividend Payout Ratio (%)16.70%32.10%22.50%28.50%21.70%44.70%27.60%28.30%31.70%38.70%

Valuation of Fiem Inds - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2734104494775295736477598851,035
Share Capital 12131313131313132626
Reserves 2613974364635165606347468591,009
Debt +10918412413158228000
Long Term Debt91119879358228000
Short Term Debt18643738000000
Minority Interest0000000000
Trade Payables151151220189167172261165189230
Others Liabilities 126125143165169158138125139152
Total Liabilities 6588699359629239261,0541,0501,2141,418

Fixed Assets

Net Fixed Assets +416479554564590546507493495552
Gross Block5936958048619389499629941,0041,101
Accumulated Depreciation178215250297348403455502509549
CWIP 1267110315520
Investments 1872028292986554
Inventories66102140147129117185176204233
Trade Receivables1191191441467781175141194242
Cash Equivalents 423214610967180204296
Others Assets 425469635341345110770
Total Assets 6588699359629239261,0541,0501,2141,418

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1224612411920913693131135232
PBT 794582858765129188223275
Adjustment 49736071707968793737
Changes in Working Capital 13-57-1-17709-69-74-67-11
Tax Paid -19-15-16-19-19-18-36-62-58-68
Cash Flow From Investing Activity + -108-198-45-81-47-15-7437-68-85
Capex -109-116-115-74-46-20-19-54-83-128
Net Investments -0-8667-8-20-57830-0
Others 144114291543
Cash Flow From Financing Activity + -13173-102-38-118-57-61-55-43-55
Net Proceeds from Shares 011700000000
Net Proceeds from Borrowing 3939-3910-38-41-30-2000
Interest Paid -18-25-23-22-17-10-7-6-2-0
Dividend Paid -14-4-11-22-18-4-21-26-39-53
Others -1945-29-3-44-2-2-2-2-2
Net Cash Flow 022-2204463-421132492

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)24.199.8112.2411.9915.78.5515.619.8520.1621.25
ROCE (%)26.0113.2716.7817.0716.3912.2221.1727.3827.4628.81
Asset Turnover Ratio1.881.481.411.521.461.331.61.761.81.85
PAT to CFO Conversion(x)2.141.392.342.162.652.890.980.940.811.14
Working Capital Days
Receivable Days34.3038.3037.7036.7029.6023.4029.50313032.70
Inventory Days19.6027.2034.8036.3036.6036.6034.9035.503432.80
Payable Days76.2093.7091.708377.4082.1080.2068.705250.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Fiem Industries Ltd FAQs

The current trading price of Fiem Inds on 15-Jun-2026 12:39 is ₹2,406.4.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Jun-2026 the market cap of Fiem Inds stood at ₹6,078 Cr

The latest P/E ratio of Fiem Inds as of 14-Jun-2026 is 23.94.

The latest P/B ratio of Fiem Inds as of 14-Jun-2026 is 5.03.

The 52-week high of Fiem Inds is ₹2,554.3 and the 52-week low is ₹1,794.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Fiem Inds is ₹2,791 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Fiem Industries Ltd is a good quality company.

The key valuation ratios of Fiem Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Fiem Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Fiem Industries Ltd

FIEM Industries (FIEM) is one of the leading manufacturers of Automotive Lighting, Signaling Equipments, Rear View Mirrors, Sheet Metal and Plastic Parts in India with latest addition as Canister. With strong presence in automotive components industry, company has diversified into LED Luminaries for indoor and outdoor applications and Integrated Passenger Information System with LED Display (IPIS). The company was founded by J.K. Jain, who is a first-generation entrepreneur. 

The company’s diversified products portfolio ranging from automotive head lamps, LED head lamps, tail lamps, signaling lamps, LED tail lamps, LED signaling lamps, rear view mirrors, roof lamps, warning triangles, complete rear fender assembly, frame assembly, mudguards and various sheet metal & plastic parts etc. are capable of catering to the needs of almost all segments of automobile industry viz., two wheelers, three wheelers, four wheelers, LCVs, HTVs, tractors and Electrical Vehicles as well. In its diversification plan, the company added Canister in its product portfolio.

In LED Luminaries segment, the company has developed several new generation LED luminaires including LED Bulbs, Tube Lights, Down Lighters, Panel Lights, Street Lights, Bay Lights, Flood Lights etc. catering to all segment of customers like domestic, commercial, industrial institutional and government and both of their indoor and outdoor lighting requirements.

In IPIS (Integrated Passenger Information System), the company is manufacturing and supplying large number of products to Indian Railways for modernization of Indian Railways, besides that it is supplying various LED display systems for Buses to State Road Transports, Schools etc.

In quest for continuous improvement, Company has acquired certifications such IATF 16949:2016, ISO 9001-:2015, ISO 14001:2015 & OHSAS 18001:2007. Its R&D Centre in India is recognized by Department of Science & Industrial Research, Ministry of Science & Technology, Government of India. Its Photometry Laboratory for LED Luminaires as well as for Automotive Lighting is accredited by National Accreditation Board for Testing and Calibration Laboratories (NABL). 

Business area of the company 

The company is engaged in manufacturing of Automotive Lighting and Signaling Equipment, Rear View Mirror, Plastic Moulded Parts and other Auto Components. Company also manufactures LED Luminaries/ LED Products for general lighting applications and LED Integrated Passenger Information System for buses and railways etc.

Product Portfolio

  • Automotive Lighting
  • Rear View Mirrors
  • Sheet Metal Parts

Awards and recognitions 

2018

  • In recognition of outstanding achievement in the development of advanced technology in 2018 development of the “World's Smallest Bi-Function Lighting Module for Two-wheelers' with PES Len”.

2019

  • Global Award for Excellence in Technology and Development from Yamaha Motor Co., Ltd. Japan (on April 19, 2019 at Japan)

2020

  • Award for Delivery Management (2020) From Honda Motorcycle and Scooter India Ltd.

2021

  • Award for Best Performance in Delivery (2021) from Kubota Corporation

2022

  • Consistent Quality Performance (2021-22) from TVS Motor Company Ltd.
  • Appreciation Award For Special Support (2022) from Yamaha Motor India Group
  • Award for ‘Excellence Performance in Quality Metrics’(2022) from Daimler India Commercial Vehicles.

2023

  • Award for Strong Effort for Cost Reduction (2022-23) From Honda Motorcycle & Scooter India

2024

  • Award for Exceptional Performance in Cost (2024), from Yamaha Motor India Group
  • Best Cost Improvement Award (2024) from Suzuki Motorcycle India Pvt. Ltd.
  • Appreciation Award (2024) from Hyundai Motor India

2025

  • Award for Best Supplier “Enhancing Overall Cost Competitiveness” (2024-25) From Honda Motorcycle & Scooter India.
  • Award for Best New Model Part Development - 2025 from Suzuki Motorcycle India Pvt. Ltd.
  • Certificate of Appreciation for Outstanding Efforts towards Co-creating World Class New Products (2025) from Royal Enfield Pvt. Ltd

2026

  • Winner Award for Best Cost Down - 2026 from Suzuki Motorcycle India Pvt. Ltd

You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: