Fiem Industries Ltd

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

Fiem Industries Ltd

₹ 1,457 -2.27%
21 Nov - close price
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 ₹ 3,835 Cr.
  • Current Price ₹ 1,457
  • High / Low ₹ 1,790 / 977
  • Stock P/E 20.6
  • Book Value ₹ 354
  • Dividend Yield 1.37 %
  • ROCE 26.6 %
  • ROE 20.1 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 24.4% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 29.3%

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

Consolidated Figures in Rs. Crores / View Standalone

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
419 389 490 445 525 442 436 475 509 487 558 578 612
368 342 425 388 453 382 376 414 441 422 483 499 532
Operating Profit 51 47 65 56 72 60 60 61 68 65 75 79 81
OPM % 12% 12% 13% 13% 14% 14% 14% 13% 13% 13% 13% 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 18 16 16 16 16 14 13 15 16 15 16
Profit before tax 36 32 45 40 57 45 47 48 58 55 62 66 68
Tax % 26% 27% 25% 27% 28% 30% 19% 26% 25% 26% 25% 26% 26%
26 23 34 29 41 32 38 36 43 40 46 49 50
EPS in Rs 10.01 8.83 12.82 11.07 15.50 12.14 14.46 13.50 16.53 15.40 17.56 18.58 19.06
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
605 719 824 987 1,015 1,240 1,449 1,379 1,221 1,572 1,848 2,029 2,235
535 631 721 859 897 1,099 1,292 1,223 1,087 1,378 1,599 1,760 1,936
Operating Profit 70 88 103 127 118 141 157 157 134 194 249 269 299
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 59 62
Profit before tax 39 53 61 79 46 82 87 87 65 129 189 223 251
Tax % 30% 29% 30% 28% 28% 36% 35% 9% 28% 26% 26% 26%
28 37 42 57 33 53 56 75 47 94 140 166 186
EPS in Rs 11.60 15.60 17.77 23.99 12.57 19.98 21.16 28.35 17.75 35.80 53.17 62.96 70.60
Dividend Payout % 17% 19% 20% 17% 32% 23% 28% 23% 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: 24%
3 Years: 50%
TTM: 25%
Stock Price CAGR
10 Years: 14%
5 Years: 45%
3 Years: 36%
1 Year: 44%
Return on Equity
10 Years: 16%
5 Years: 16%
3 Years: 19%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 156 185 215 261 397 436 464 512 556 629 748 861 906
134 119 117 140 225 159 171 127 77 46 24 23 23
131 139 157 246 234 327 314 269 276 361 268 308 370
Total Liabilities 433 455 501 659 870 935 963 920 922 1,049 1,053 1,218 1,325
293 313 334 416 479 554 564 591 547 508 494 496 513
CWIP 1 0 5 12 6 7 11 0 3 1 5 5 29
Investments 0 0 0 0 86 19 25 21 21 77 0 0 0
139 142 162 231 298 355 362 308 351 463 554 717 783
Total Assets 433 455 501 659 870 935 963 920 922 1,049 1,053 1,218 1,325

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 46 125 121 207 136 92 131 135
-28 -41 -59 -108 -198 -44 -80 -46 -15 -74 39 -69
-47 -36 -22 -13 173 -102 -38 -118 -57 -61 -55 -43
Net Cash Flow -4 0 1 1 21 -21 2 43 63 -42 115 23

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 48 35 38 42 64 69 60 56 57 68 57 60
Days Payable 74 65 65 96 94 108 76 73 83 97 53 56
Cash Conversion Cycle 16 9 11 -10 13 3 20 4 -3 12 31 39
Working Capital Days -1 -4 -3 -12 3 5 9 -9 -5 12 23 37
ROCE % 17% 22% 22% 25% 16% 16% 17% 16% 12% 21% 27% 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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