Fiem Industries Ltd

Fiem Industries Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Fiem Industries Ltd

₹ 1,487 2.15%
22 Nov 12:57 p.m.
fiemindustries.com BSE: 532768 NSE: FIEMIND
About

Fiem Industries Ltd was originally incorporated in India as Rahul Auto Private Limited on February 6, 1989, in New Delhi and was founded by Mr. J.K. Jain. It is engaged in the business manufacturing and supply of auto components like automotive lighting. [1]

Key Points

Market Leader
Co. enjoys a significant market share for supply of automotive lighting & signaling equipment and rearview mirrors to Two-wheeler and Four-wheeler OEMs[1] In FY19, they had 27-30% market share of the total 2 Wheeler headlamp market in India. [2], which increased to 30%+ in FY22[3]

Website BSE NSE
  • Market Cap ₹ 3,914 Cr.
  • Current Price ₹ 1,487
  • High / Low ₹ 1,790 / 977
  • Stock P/E 21.0
  • Book Value ₹ 354
  • Dividend Yield 1.34 %
  • ROCE 26.7 %
  • ROE 20.2 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 24.5% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 29.2%

Cons

  • Promoter holding has decreased over last 3 years: -7.60%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

Part of BSE Allcap BSE Consumer Discretionary BSE SmallCap Nifty Total Market Nifty Microcap 250

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
419 389 490 444 525 442 436 475 509 487 557 578 612
367 342 427 387 455 382 376 413 442 422 482 499 532
Operating Profit 52 47 63 58 70 60 60 62 66 64 75 79 80
OPM % 12% 12% 13% 13% 13% 13% 14% 13% 13% 13% 14% 14% 13%
1 1 1 1 2 3 5 4 4 5 4 3 4
Interest 2 2 3 2 2 2 2 2 0 0 0 0 0
Depreciation 14 13 17 16 16 16 16 14 13 14 16 15 16
Profit before tax 37 33 43 41 55 45 47 49 57 55 62 67 68
Tax % 25% 26% 26% 26% 29% 30% 19% 26% 26% 26% 24% 26% 26%
27 24 32 30 39 32 38 36 42 40 47 49 50
EPS in Rs 10.44 9.14 12.17 11.58 14.87 12.17 14.47 13.86 15.94 15.32 17.93 18.69 18.93
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
601 717 823 985 1,014 1,238 1,444 1,377 1,221 1,572 1,848 2,028 2,234
531 628 721 858 897 1,098 1,289 1,220 1,087 1,379 1,600 1,760 1,935
Operating Profit 70 88 103 127 117 141 155 157 134 193 248 268 299
OPM % 12% 12% 12% 13% 12% 11% 11% 11% 11% 12% 13% 13% 13%
0 1 1 1 -9 8 1 1 0 3 11 16 15
Interest 13 14 12 16 23 23 22 18 12 9 7 3 2
Depreciation 18 22 31 33 39 44 49 53 57 59 63 58 61
Profit before tax 39 53 61 79 45 82 85 87 65 129 188 223 251
Tax % 30% 29% 30% 28% 28% 36% 35% 9% 28% 26% 26% 26%
27 37 42 57 33 53 55 79 47 95 140 166 187
EPS in Rs 11.43 15.65 17.68 23.92 12.48 19.98 21.10 30.01 17.92 36.22 53.09 63.01 70.87
Dividend Payout % 18% 19% 20% 17% 32% 23% 28% 22% 45% 28% 28% 32%
Compounded Sales Growth
10 Years: 11%
5 Years: 7%
3 Years: 18%
TTM: 20%
Compounded Profit Growth
10 Years: 16%
5 Years: 25%
3 Years: 50%
TTM: 26%
Stock Price CAGR
10 Years: 14%
5 Years: 45%
3 Years: 36%
1 Year: 44%
Return on Equity
10 Years: 16%
5 Years: 17%
3 Years: 19%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 12 12 12 12 13 13 13 13 13 13 13 26 26
Reserves 156 185 215 261 397 436 463 516 560 634 746 859 904
134 119 117 140 225 159 171 127 77 46 24 23 23
130 139 157 245 234 327 314 268 275 361 267 305 368
Total Liabilities 433 455 501 658 869 935 962 923 926 1,054 1,050 1,214 1,321
293 313 334 416 479 554 564 590 546 507 493 495 512
CWIP 1 0 5 12 6 7 11 0 3 1 5 5 29
Investments 0 0 0 1 87 20 28 29 29 86 5 5 4
139 142 162 230 298 354 358 304 348 460 547 709 776
Total Assets 433 455 501 658 869 935 962 923 926 1,054 1,050 1,214 1,321

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
71 77 82 122 46 124 119 209 136 93 131 135
-28 -41 -59 -108 -198 -45 -81 -47 -15 -74 37 -68
-47 -36 -22 -13 173 -102 -38 -118 -57 -61 -55 -43
Net Cash Flow -4 0 2 0 22 -22 0 44 63 -42 113 24

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 42 39 38 44 43 42 37 20 24 41 28 35
Inventory Days 49 35 38 42 64 69 60 56 57 68 57 60
Days Payable 74 65 65 96 94 109 77 73 83 97 53 56
Cash Conversion Cycle 16 10 11 -10 13 3 20 4 -3 12 31 39
Working Capital Days -1 -4 -3 -12 2 4 9 -9 -5 12 23 37
ROCE % 17% 22% 22% 25% 16% 16% 17% 16% 12% 20% 26% 27%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
66.56% 66.56% 66.56% 66.56% 66.56% 66.56% 66.56% 66.56% 66.56% 66.56% 58.96% 58.96%
10.45% 10.78% 4.00% 5.55% 5.97% 3.92% 3.94% 2.90% 2.32% 1.99% 3.41% 3.70%
0.19% 0.21% 0.98% 0.82% 0.93% 0.80% 0.81% 0.86% 0.80% 1.65% 3.18% 5.77%
22.80% 22.45% 28.46% 27.06% 26.51% 28.73% 28.68% 29.68% 30.30% 29.78% 34.45% 31.56%
No. of Shareholders 39,09039,98336,08934,89237,14440,36942,17047,96650,28763,85366,47869,660

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

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