Fiem Industries Ltd (FIEMIND) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 532768 | NSE: FIEMIND | Auto Ancillary | Small Cap

Fiem Inds Share Price

2,238.30 -35.90 -1.58%
as on 05-Dec'25 13:40

Fiem Industries Ltd (FIEMIND) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 532768 | NSE: FIEMIND | Auto Ancillary | Small Cap

DeciZen - make an informed investing decision on Fiem Inds

Based on:

Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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Fiem Industries stock performance -

Key Ratios
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P/E Ratio (SA):
26.61
Market Cap:
5,985.6 Cr.
52-wk low:
1,156
52-wk high:
2,377.2

Is Fiem Industries Ltd an attractive stock to invest in?


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10 Year X-Ray of Fiem Inds: Login to view analysis.

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

Value Creation Index Colour Code Guide

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

Growth Parameters Colour Code Guide

Sales 9871,0141,2381,4441,3781,2211,5721,8482,0282,4222,584
Sales YoY Gr.-2.8%22.1%16.6%-4.6%-11.4%28.8%17.5%9.7%19.5%-
Adj EPS 23.916.219.121.130.318.736.2536376.685.5
YoY Gr.--32%17.4%10.4%44.1%-38.2%93.1%46.5%18.8%21.7%-
BVPS (₹) 108.3155.7170.6181.1201217.9246288.6336.4393.4408.6
Adj Net
Profit
57.142.850.255.479.849.395.3140166202225
Cash Flow from Ops. 1224612411920913692.6131135232-
Debt/CF from Ops. 1.24.91.31.40.50.40.2000-

CAGR

CAGR Colour Code Guide

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 20.6% 51.9% 32.3% 39%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
22.812.511.71215.9915.619.820.22121.3
Op. Profit
Mgn %
12.911.611.410.711.41112.313.413.213.113.5
Net Profit
Mgn %
5.84.24.13.85.846.17.68.28.38.7
Debt to
Equity
0.50.60.40.40.20.100000
Working Cap
Days
6481909082747375787959
Cash Conv.
Cycle
451216143818282935

Recent Performance Summary

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Latest Financials - Fiem Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 85.5 86.3
TTM Sales (₹ Cr.) 2,584 2,586
BVPS (₹.) 408.6 410.5
Reserves (₹ Cr.) 1,049 1,054
P/BV 5.57 5.54
PE 26.61 26.36
From the Market
52 Week Low / High (₹) 1156.00 / 2377.15
All Time Low / High (₹) 19.62 / 2377.15
Market Cap (₹ Cr.) 5,986
Equity (₹ Cr.) 26.3
Face Value (₹) 10
Industry PE 44.7

Management X-Ray of Fiem Inds:

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 (%)

Valuation of Fiem Inds - Standalone Basis

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

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

YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios of Fiem Inds

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

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
Interest 1623232218129732
Depreciation 33394449535759635864
Exceptional Items 0-1430-1-30004
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 (%)17%32%23%28%22%45%28%28%32%39%

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
Minority Interest0000000000
Debt10918412413158228000
Long Term Debt91119879358228000
Short Term Debt18643738000000
Trade Payables151151220189167172261165189230
Others Liabilities 126125143165169158138125139152
Total Liabilities 6588699359629239261,0541,0501,2141,418

Fixed Assets

Gross Block5936958048619389499629941,0041,101
Accumulated Depreciation178215250297348403455502509549
Net Fixed Assets 416479554564590546507493495552
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

Finance 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 Days34383837302330313033
Inventory Days20273536373735353433
Payable Days76949283778280695251

Fiem Industries Ltd Stock News

Fiem Industries Ltd FAQs

The current trading price of Fiem Inds on 05-Dec-2025 13:40 is ₹2,238.3.
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 04-Dec-2025 the market cap of Fiem Inds stood at ₹5,985.6.
The latest P/E ratio of Fiem Inds as of 04-Dec-2025 is 26.61.
The latest P/B ratio of Fiem Inds as of 04-Dec-2025 is 5.57.
The 52-week high of Fiem Inds is ₹2,377.2 and the 52-week low is ₹1,156.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Fiem Inds is ₹2,584 ( Cr.) .

About Fiem Industries Ltd

The company was originally incorporated in India as Rahul Auto Private Limited on February 6, 1989 in New Delhi under the Companies Act, 1956. The company is promoted by J.K. Jain, its Chairman and Managing Director. The Company is one of the leading manufacturers of automotive lighting & signaling equipments and rear view mirrors.

They set up their unit at HSIDC Industrial Estate, Kundli, Sonepat (Haryana) for carrying on the business of manufacturing rear view mirrors for two, three and four wheelers. They changed the name of their company to FIEM Industries Private Limited w.e.f. May 7, 1992. Subsequently, the company was converted into a public company with effect from November 30, 1993 pursuant to which, the name of their company was changed to FIEM Industries Limited. During the year 1993-94, they added additional facilities for manufacturing of automotive lighting and signaling equipments such as head lamp, tail lamp, side indicator, reflex Reflector, fog lamp, etc. With a view to expand their business, they shifted all their manufacturing during the year 1993-94 to the plant situated at 32 Mile Stone, G.T. Road, Kundli, Sonepat, (Haryana) (Unit 1) having full fledged testing laboratory for manufacturing automotive lamps & rear view mirrors conforming to International Standards viz, JIS, ADR, DOT, ECE, SAE and Indian Standards viz.,   AIS and BIS in the year 1996, the company set-up a Joint Venture Company under the name and style of FIEM Sung San (India) Limited in association with Sung San Co. Limited, Korea and Daewoo Motors India Limited. Subsequently, FIEM Sung San ( India ) Limited became our subsidiary w.e.f September 30, 2005 pursuant to the acquisition of 32,50,000 Equity Shares of Rs.10 each. 

They further expanded their capacities with the setting-up of their Unit II in the year 2003-04 at Tamil Nadu for manufacturing head lamps, tail lamps, / rear combination lamps, side indicator lamps, reflex reflectors and rear view mirrors. They set up their Unit III in the year 2004-05 at Kelamanglam, Tamil Nadu for manufacturing sheet metal items viz., frame, mudguards, stands, guard exhaust pipe. In the same year they set up Unit IV at Mysore Taluk, Karnataka for manufacturing value added products such as assembly of rear fender for two wheelers. They are presently conducting trail runs at their Export Unit (Unit V) at Kelamangalam, Tamil, Nadu for manufacturing mirror plates, mirror assembly, head lamps, tail lamps, and side indicators.They are also in the process of setting up of Unit VI at Nalagarh, Himachal Pradesh which shall engage in the manufacture of head lamps, tail lamps, side indicator lamps, rear fender, reflex reflectors and rear view mirrors primarily for the four wheeler segment. 

The company is supplying its products to almost all major OEMs in the domestic market as well as few global OEMs. Besides some global Tier I automotive lamp manufacturers.The list includes, Punjab Tractors Ltd, Hyundai Motors India Ltd, Tata Motors Ltd, Inter-national Tractors Ltd, SwarajMazda Ltd, Ashok Leyland Ltd, Force Motors Ltd etc.

Products of the company include:

  • TWO WHEELERS - lighting & signaling equipments and rear view mirrors.
  • FOUR WHEELERS - lighting & signaling equipments and rear view mirrors.
  • AUXILLARY LAMPS
  • WARNING TRIANGLES  
  • REFLEX REFLECTORS
  • LED LAMPS

Awards & Achievements:

  • The company was accredited with ISO-9002 in the year 1997 by BVQI, London . 
  • In the year 1999, their Unit Sonepat Haryana was accredited with ISO 9001: 2000 & ISO 9002 : 1994 and the quality system requirements certification QS 9000 : 1998 by Underwriters Laboratories Inc. (UL), USA for the manufacture of automotive lighting & signaling equipments and rear view mirrors.
  •  In the year 2004, their Unit I at Sonepat, Haryana was accredited with ISO/TS 16949 : 2002 by UL, USA.
  •  In the year 2005, their Unit II at Hosur , Tamil Nadu was accredited with ISO/TS 16949 : 2002 by UL, USA.
  •  In the same year, their Unit I at Sonepat, Haryana was accredited with ISO 14001-2004 by UL , USA.
  •  Prior to this in the year 2002, their unit I at Sonepat, Haryana also received the 'Confirmity of production' form RDW, Netherlands for e-marked products.
  • The Company was awarded Bhartiya shiromani Puruskar by the Institute of Economic Studies (IES), New Delhi in the year 2005. 
  • In 2007 Company has received QCDDM (Quality, Cost, Delivery, Development and Management) Award from its esteemed customer M/s Honda Motorcycle & Scooter India Pvt. Limited for 4th Consecutive year.

Recent developments

Fiem Industries has inked an Memorandum of Understanding (MoU) with Japan based Ichikoh Industries in May 2009. Ichikoh Industries is one of the world's renowned manufacturers in the field of automotive lighting and rear view mirrors. As per the MoU, Ichikoh would have equity participation in Fiem and extend technical assistance for development and manufacturing of automotive lightings and rear view mirrors for various car manufacturers in India.

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