FIEMIND
Fiem Industries Limited
Two-wheeler and four-wheeler lighting components manufacturer
Consumer Discretionary›Automobile and Auto Components›Auto Components›Auto Components & Equipments
fiemindustries.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹1919.10
Market cap
5,051 Cr
Stock P/E
19.2
P/B
4.16
Dividend yield
1.6%
ROE (FY26)
21.0%
ROCE (FY26)
28.3%
Operating margin (FY26)
11.5%
OCF / EBITDA (FY26)
40.7%
OCF / EBITDA (3Y)
53.6%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
Fiem Industries makes automotive lighting and signalling equipment, rear view mirrors and plastic moulded parts, mainly for two-wheeler makers such as TVS, Honda, Suzuki and Yamaha, and is building a four-wheeler business with Mahindra and Mahindra and other carmakers.
Company snapshot
42ndBy market cap
Ranked among 94 companies in Auto Components & Equipments.
Segment mix
Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.
Largest segment: 99.8% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Automotive Segment | 99.8% | 1,779 Cr | 217 Cr | — |
| Others Segment | 0.2% | 4 Cr | -0.32 Cr | — |
What we see
Positives
- ✓Interest coverage of 116.1x — earnings comfortably cover interest obligations.
2 more signals from the filings.Sign in free to see them all
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 509 Cr | 487 Cr | 558 Cr | 578 Cr | 612 Cr | 593 Cr | 639 Cr | 659 Cr | 715 Cr | 690 Cr | 751 Cr | 775 Cr |
| Operating expenses (approx.) | 441 Cr | 422 Cr | 483 Cr | 499 Cr | 532 Cr | 516 Cr | 554 Cr | 569 Cr | 616 Cr | 592 Cr | 642 Cr | 671 Cr |
| EBITDA | 68 Cr | 65 Cr | 75 Cr | 79 Cr | 81 Cr | 78 Cr | 85 Cr | 89 Cr | 99 Cr | 98 Cr | 110 Cr | 104 Cr |
| OPM % | 13.4% | 13.3% | 13.4% | 13.6% | 13.2% | 13.1% | 13.4% | 13.6% | 13.8% | 14.2% | 14.6% | 13.4% |
| Other income | 4 Cr | 5 Cr | 4 Cr | 3 Cr | 4 Cr | 4 Cr | 5 Cr | 6 Cr | 6 Cr | 5 Cr | 4 Cr | 5 Cr |
| Interest | 0.41 Cr | 0.41 Cr | 0.38 Cr | 0.38 Cr | 0.39 Cr | 0.39 Cr | 0.39 Cr | 0.37 Cr | 0.37 Cr | 0.37 Cr | 2 Cr | 1 Cr |
| Depreciation | 13 Cr | 15 Cr | 16 Cr | 15 Cr | 16 Cr | 16 Cr | 17 Cr | 17 Cr | 19 Cr | 18 Cr | 18 Cr | 19 Cr |
| Profit before tax | 58 Cr | 55 Cr | 62 Cr | 66 Cr | 68 Cr | 65 Cr | 77 Cr | 78 Cr | 85 Cr | 84 Cr | 95 Cr | 88 Cr |
| Tax % | 25.3% | 26.2% | 24.9% | 26.4% | 26.2% | 27.1% | 23.9% | 26.0% | 24.9% | 24.7% | 25.0% | 26.5% |
| Net profit | 43 Cr | 41 Cr | 46 Cr | 49 Cr | 50 Cr | 47 Cr | 59 Cr | 58 Cr | 64 Cr | 63 Cr | 71 Cr | 65 Cr |
| EPS (₹) | ₹33.04 | ₹30.78 | ₹17.56 | ₹18.58 | ₹19.06 | ₹17.86 | ₹22.36 | ₹21.85 | ₹24.19 | ₹24.08 | ₹26.99 | ₹24.65 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,019 Cr | 1,275 Cr | 1,449 Cr | 1,379 Cr | 1,221 Cr | 1,572 Cr | 1,848 Cr | 2,029 Cr | 2,423 Cr | 2,816 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 901 Cr | 1,134 Cr | 1,292 Cr | 1,223 Cr | 1,087 Cr | 1,378 Cr | 1,599 Cr | 1,760 Cr | 2,100 Cr | 2,420 Cr | Sign in free for the trailing twelve months |
| EBITDA | 118 Cr | 141 Cr | 157 Cr | 157 Cr | 134 Cr | 194 Cr | 249 Cr | 269 Cr | 322 Cr | 396 Cr | Sign in free for the trailing twelve months |
| OPM % | 11.6% | 11.0% | 10.8% | 11.4% | 11.0% | 12.3% | 13.5% | 13.2% | 13.3% | 14.1% | Sign in free for the trailing twelve months |
| Other income | 5 Cr | 5 Cr | 0.86 Cr | 2 Cr | 3 Cr | 3 Cr | 11 Cr | 16 Cr | 16 Cr | 21 Cr | Sign in free for the trailing twelve months |
| Interest | 23 Cr | 23 Cr | 22 Cr | 18 Cr | 12 Cr | 9 Cr | 7 Cr | 3 Cr | 2 Cr | 3 Cr | Sign in free for the trailing twelve months |
| Depreciation | 39 Cr | 44 Cr | 49 Cr | 53 Cr | 57 Cr | 59 Cr | 63 Cr | 59 Cr | 64 Cr | 72 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 46 Cr | 82 Cr | 86 Cr | 83 Cr | 65 Cr | 128 Cr | 189 Cr | 223 Cr | 276 Cr | 341 Cr | Sign in free for the trailing twelve months |
| Tax % | 27.6% | 35.6% | 35.3% | 9.9% | 27.9% | 26.3% | 25.8% | 25.7% | 25.8% | 25.1% | Sign in free for the trailing twelve months |
| Net profit | 33 Cr | 53 Cr | 56 Cr | 75 Cr | 47 Cr | 94 Cr | 140 Cr | 166 Cr | 205 Cr | 256 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹26.30 | ₹39.40 | ₹42.29 | ₹56.66 | ₹35.48 | ₹71.55 | ₹106.26 | ₹62.96 | ₹77.86 | ₹97.11 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 8.5% | 22.4% | 18.8% | 23.8% | 25.7% | 30.9% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 13 Cr | 13 Cr | 13 Cr | 13 Cr | 13 Cr | 13 Cr | 13 Cr | 26 Cr | 26 Cr | 26 Cr |
| Reserves | 410 Cr | 436 Cr | 464 Cr | 512 Cr | 556 Cr | 629 Cr | 748 Cr | 861 Cr | 1,012 Cr | 1,189 Cr |
| Borrowings | 184 Cr | 124 Cr | 131 Cr | 58 Cr | 46 Cr | 46 Cr | 24 Cr | 23 Cr | 22 Cr | — |
| Other liabilities | 283 Cr | 362 Cr | 354 Cr | 337 Cr | 306 Cr | 361 Cr | 268 Cr | 308 Cr | 363 Cr | 486 Cr |
| Total liabilities | 891 Cr | 935 Cr | 963 Cr | 920 Cr | 922 Cr | 1,049 Cr | 1,053 Cr | 1,218 Cr | 1,424 Cr | 1,701 Cr |
| Fixed assets (net) | 492 Cr | 553 Cr | 563 Cr | 585 Cr | 544 Cr | 507 Cr | 492 Cr | 493 Cr | 550 Cr | 600 Cr |
| CWIP | 6 Cr | 6 Cr | 8 Cr | 0.25 Cr | 3 Cr | 0.71 Cr | 5 Cr | 5 Cr | 20 Cr | 15 Cr |
| Investments | 83 Cr | 19 Cr | 25 Cr | 21 Cr | 21 Cr | 77 Cr | 0.25 Cr | 0.14 Cr | 0.05 Cr | 0.05 Cr |
| Loans & advances | — | — | — | 0.50 Cr | 0.49 Cr | 0.56 Cr | 0.64 Cr | 0.64 Cr | 0.50 Cr | 0.81 Cr |
| Inventories | 102 Cr | 140 Cr | 147 Cr | 129 Cr | 117 Cr | 185 Cr | 176 Cr | 204 Cr | 233 Cr | 267 Cr |
| Trade receivables | 120 Cr | 144 Cr | 147 Cr | 77 Cr | 81 Cr | 175 Cr | 141 Cr | 194 Cr | 242 Cr | 388 Cr |
| Cash & bank | 23 Cr | 2 Cr | 4 Cr | 47 Cr | 110 Cr | 68 Cr | 183 Cr | 206 Cr | 298 Cr | 279 Cr |
| Other assets | 64 Cr | 71 Cr | 68 Cr | 60 Cr | 46 Cr | 36 Cr | 55 Cr | 115 Cr | 79 Cr | 151 Cr |
| Total assets | 891 Cr | 935 Cr | 963 Cr | 920 Cr | 922 Cr | 1,049 Cr | 1,053 Cr | 1,218 Cr | 1,424 Cr | 1,701 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 38 Cr | 125 Cr | 121 Cr | 207 Cr | 136 Cr | 92 Cr | 131 Cr | 135 Cr | 233 Cr | 161 Cr |
| Cash from investing | -195 Cr | -44 Cr | -80 Cr | -47 Cr | -15 Cr | -74 Cr | 39 Cr | -69 Cr | -86 Cr | -97 Cr |
| Cash from financing | 176 Cr | -102 Cr | -38 Cr | -118 Cr | -57 Cr | -61 Cr | -55 Cr | -43 Cr | -55 Cr | -84 Cr |
| Net cash flow | 19 Cr | -21 Cr | 2 Cr | 42 Cr | 63 Cr | -42 Cr | 115 Cr | 23 Cr | 92 Cr | -19 Cr |
| Free cash flow (OCF − Capex) | -78 Cr | 9 Cr | 37 Cr | 159 Cr | 116 Cr | 73 Cr | 76 Cr | 51 Cr | 103 Cr | 35 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 11.4% | 18.2% | 17.8% | 17.2% | 12.4% | 19.8% | 25.0% | 24.8% | 26.2% | 28.3% |
| ROE % | 7.8% | 11.7% | 11.7% | 14.2% | 8.2% | 14.7% | 18.4% | 18.7% | 19.7% | 21.0% |
| Debtor days | 43 | 41 | 37 | 20 | 24 | 40 | 28 | 35 | 36 | 50 |
| Inventory days | 65 | 67 | 60 | 58 | 58 | 69 | 57 | 60 | 57 | 57 |
| Days payable | 95 | 106 | 77 | 76 | 85 | 97 | 54 | 56 | 56 | 61 |
| Cash conversion cycle | 13 | 3 | 20 | 3 | -3 | 12 | 31 | 39 | 37 | 46 |
| OCF / EBITDA % | 32.1% | 88.6% | 77.0% | 132.2% | 101.6% | 47.6% | 52.6% | 50.2% | 72.3% | 40.7% |
| OCF / EBITDA % (3 years) | — | — | 68.2% | 99.6% | 103.7% | 89.9% | 62.3% | 50.3% | 59.4% | 53.6% |
| Debt / equity | 0.43 | 0.28 | 0.28 | 0.11 | 0.08 | 0.07 | 0.03 | 0.03 | 0.02 | — |
| Current ratio | 1.17 | 1.00 | 1.01 | 1.06 | 1.23 | 1.54 | 2.28 | 2.47 | 2.47 | 2.61 |
| Net debt / EBITDA | 1.36 | 0.87 | 0.81 | 0.07 | -0.48 | -0.12 | -0.64 | -0.68 | -0.86 | -0.71 |