Key Metrics 
Check Before You Invest 
10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
Financials 
News 
About
Fiem Industries Ltd (FIEMIND)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532768 NSE: FIEMIND Auto Ancillary | Small Cap | Fiem Industries Share Price
₹2,010 23.20 (1.17%)
As on 11-Sep'26 15:19
Fiem Industries Ltd (FIEMIND)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532768 NSE: FIEMIND Auto Ancillary | Small Cap | Fiem Industries Share Price
₹2,010 23.20 (1.17%)
As on 11-Sep'26 15:19
Key Metrics
Valuation Multiples
Market Cap
₹5,229 Cr.
Current Price
₹2,010
52-Week Low / High
₹1,869 / 2,669
TTM EPS
₹99.9
TTM Sales
₹2,912 Cr.
Book Value per Share
₹486.3
P/E Ratio
19.89
In line with its 5-year historical median
Industry PE
49.2
Price to Book (P/B)
4.09
Higher than its 5-year historical median
Price to Sales (P/S)
1.80
Higher than its 5-year historical median
EV/EBITDA
11.51
Higher than its 5-year historical median
Dividend Yield
1.99%
Profitability Efficiency
Return on Equity (ROE)
22.69%
Outperforms industry median
Return on Capital Employed (ROCE)
30.55%
Outperforms industry median
Return on Assets (ROA)
16.36%
Operating Profit Margin
14.1%
Net Profit Margin
9.08%
Gross Profit Margin
14.6%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
16.18%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
24.64%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
24.71%
Asset Quality
Promoter Holding
54.52%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,254 Cr.
Equity
₹26.3 Cr.
Face Value
₹10
All Time Low / High
₹19.62 / 2668.80
Check Before You Invest
Quality
Very GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Weak
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?
Revenue growth of Fiem Industries Ltd vs industry peers?
Fiem Industries Ltd revenue CAGR is 18.18%, compared to the industry median CAGR of 13.71%, indicating faster growth and gaining its market share.
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.
Stock return of Fiem Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 13.6% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 13.3% | 16.8% | 17.1% | 16.4% | 12.2% | 21.2% | 27.4% | 27.5% | 28.8% | 30.5% | - |
| Value Creation Index ⓘ | -0.1 | 0.2 | 0.2 | 0.2 | -0.1 | 0.5 | 1.0 | 1.0 | 1.1 | 1.3 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 1,014 | 1,238 | 1,444 | 1,378 | 1,221 | 1,572 | 1,848 | 2,028 | 2,422 | 2,814 | 2,911 |
| Sales YoY Gr. | - | 22.1% | 16.6% | -4.6% | -11.4% | 28.8% | 17.5% | 9.7% | 19.5% | 16.2% | - |
| Adj EPS ⓘ | 16.2 | 19.1 | 21.1 | 30.3 | 18.7 | 36.2 | 53 | 63 | 76.6 | 96.3 | 99.9 |
| YoY Gr. | - | 17.4% | 10.4% | 44.1% | -38.2% | 93.1% | 46.5% | 18.8% | 21.7% | 25.7% | - |
| BVPS (₹) ⓘ | 155.7 | 170.6 | 181.1 | 201 | 217.9 | 246 | 288.6 | 336.4 | 393.4 | 459.5 | 484.3 |
| Adj Net Profit ⓘ | 42.8 | 50.2 | 55.4 | 79.8 | 49.3 | 95.3 | 140 | 166 | 202 | 253 | 263 |
| Cash Flow from Ops. ⓘ | 46 | 124 | 119 | 209 | 136 | 92.6 | 131 | 135 | 232 | 162 | - |
| Debt/CF from Ops. ⓘ | 4.9 | 1.3 | 1.4 | 0.5 | 0.4 | 0.2 | 0 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 12% | 18.2% | 15.1% | 16.2% | ||||
| Adj EPS ⓘ | 21.9% | 38.7% | 22% | 25.7% | ||||
| BVPSⓘ | 12.8% | 16.1% | 16.8% | 16.8% | ||||
| Share Price | 13.7% | 29.4% | 26.2% | -7% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 12.5 | 11.7 | 12 | 15.9 | 9 | 15.6 | 19.8 | 20.2 | 21 | 22.6 | 21.2 |
| Op. Profit Mgn % ⓘ | 11.6 | 11.4 | 10.7 | 11.4 | 11 | 12.3 | 13.4 | 13.2 | 13.1 | 14 | 14.1 |
| Net Profit Mgn % ⓘ | 4.2 | 4.1 | 3.8 | 5.8 | 4 | 6.1 | 7.6 | 8.2 | 8.3 | 9 | 9 |
| Debt to Equity ⓘ | 0.6 | 0.4 | 0.4 | 0.2 | 0.1 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 81 | 90 | 90 | 82 | 74 | 73 | 75 | 78 | 79 | 87 | 61 |
| Cash Conv. Cycle ⓘ | 5 | 12 | 16 | 14 | 3 | 8 | 18 | 28 | 29 | 34 | 36 |
Valuation of Fiem Industries - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,015 | 1,240 | 1,449 | 1,380 | 1,221 | 1,572 | 1,848 | 2,029 | 2,423 | 2,816 |
| Operating Expenses ⓘ + | 897 | 1,099 | 1,292 | 1,223 | 1,087 | 1,378 | 1,599 | 1,760 | 2,105 | 2,420 |
| Operating Profit ⓘ | 118 | 141 | 157 | 157 | 134 | 194 | 249 | 268 | 318 | 396 |
| Operating Profit Margin (%) | 11.6% | 11.4% | 10.8% | 11.4% | 11.0% | 12.3% | 13.5% | 13.2% | 13.1% | 14.1% |
| Other Income ⓘ + | 5 | 5 | 1 | 2 | 3 | 3 | 11 | 16 | 21 | 21 |
| Interest ⓘ | 23 | 23 | 22 | 18 | 12 | 9 | 7 | 3 | 2 | 3 |
| Depreciation ⓘ | 39 | 44 | 49 | 53 | 57 | 59 | 63 | 59 | 64 | 72 |
| Profit Before Tax ⓘ | 46 | 82 | 87 | 87 | 65 | 129 | 189 | 223 | 276 | 341 |
| Tax ⓘ | 13 | 29 | 30 | 8 | 18 | 34 | 49 | 57 | 71 | 86 |
| Profit After Tax | 33 | 53 | 57 | 79 | 47 | 95 | 140 | 166 | 205 | 256 |
| PAT Margin (%) | 3.3% | 4.2% | 3.9% | 5.7% | 3.8% | 6.1% | 7.6% | 8.2% | 8.5% | 9.1% |
| Adjusted EPS (₹) | 12.6 | 20.0 | 21.1 | 28.3 | 17.7 | 35.8 | 53.1 | 63.0 | 77.9 | 97.1 |
| Dividend Payout Ratio (%) | 31.80% | 22.50% | 28.40% | 22.90% | 45.10% | 28% | 28.20% | 31.80% | 38.50% | 41.20% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 410 | 449 | 477 | 525 | 569 | 642 | 761 | 887 | 1,038 | 1,215 | |
| Debt + | 184 | 124 | 131 | 58 | 22 | 8 | 0 | 0 | 0 | 0 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 150 | 220 | 188 | 167 | 172 | 261 | 165 | 190 | 231 | 286 | |
| Others Liabilities ⓘ | 125 | 143 | 166 | 170 | 159 | 138 | 127 | 142 | 155 | 199 | |
| Total Liabilities ⓘ | 869 | 935 | 963 | 920 | 922 | 1,049 | 1,053 | 1,218 | 1,424 | 1,701 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 479 | 554 | 564 | 591 | 547 | 508 | 494 | 496 | 553 | 604 | |
| CWIP ⓘ | 6 | 7 | 11 | 0 | 3 | 1 | 5 | 5 | 20 | 15 | |
| Investments ⓘ | 86 | 19 | 25 | 21 | 21 | 77 | 0 | 0 | 0 | 0 | |
| Inventories | 102 | 140 | 147 | 129 | 117 | 185 | 176 | 204 | 233 | 267 | |
| Trade Receivables | 119 | 144 | 147 | 77 | 81 | 175 | 141 | 194 | 242 | 388 | |
| Cash Equivalents | 23 | 2 | 4 | 48 | 111 | 68 | 183 | 206 | 298 | 280 | |
| Others Assets ⓘ | 53 | 68 | 63 | 55 | 43 | 35 | 54 | 113 | 76 | 148 | |
| Total Assets ⓘ | 869 | 935 | 963 | 920 | 922 | 1,049 | 1,053 | 1,218 | 1,424 | 1,701 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 46 | 125 | 121 | 207 | 136 | 92 | 131 | 135 | 233 | 161 |
| Cash Flow From Investing Activity ⓘ + | -198 | -44 | -80 | -47 | -15 | -74 | 39 | -69 | -86 | -97 |
| Cash Flow From Financing Activity ⓘ + | 173 | -102 | -38 | -118 | -57 | -61 | -55 | -43 | -55 | -84 |
| Net Cash Flow ⓘ | 21 | -21 | 2 | 42 | 63 | -42 | 114 | 23 | 92 | -20 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 9.9 | 12.24 | 12.23 | 15.7 | 8.57 | 15.73 | 19.93 | 20.12 | 21.29 | 22.69 |
| ROCE (%) | 13.33 | 16.79 | 17.36 | 16.39 | 12.25 | 21.35 | 27.5 | 27.43 | 28.86 | 30.55 |
| Asset Turnover Ratio | 1.48 | 1.41 | 1.53 | 1.47 | 1.33 | 1.6 | 1.77 | 1.8 | 1.84 | 1.81 |
| PAT to CFO Conversion(x) | 1.39 | 2.36 | 2.12 | 2.62 | 2.89 | 0.97 | 0.94 | 0.81 | 1.14 | 0.63 |
| Working Capital Days | ||||||||||
| Receivable Days | 38.40 | 37.80 | 36.70 | 29.60 | 23.50 | 29.50 | 31 | 30 | 32.70 | 40.60 |
| Inventory Days | 27.20 | 34.80 | 36.20 | 36.50 | 36.60 | 34.90 | 35.50 | 34 | 32.80 | 32.30 |
| Payable Days | 93.60 | 91.50 | 82.60 | 77.30 | 82.10 | 80.20 | 68.80 | 52.20 | 51.10 | 55.20 |
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Fiem Industries Ltd FAQs
The current trading price of Fiem Industries on 11-Sep-2026 15:19 is ₹2,010.
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 10-Sep-2026 the market cap of Fiem Industries stood at ₹5,229.2 Cr
The latest P/E ratio of Fiem Industries as of 10-Sep-2026 is 19.88.
The latest P/B ratio of Fiem Industries as of 10-Sep-2026 is 4.10.
The 52-week high of Fiem Industries is ₹2,668.8 and the 52-week low is ₹1,869.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Fiem Industries is ₹2,911 ( 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 Weak which suggest that the price of Fiem Industries Ltd is likely to Fall 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 49 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
