Is Fiem Industries a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Fiem Industries Ltd is a good quality company .

Is Fiem Industries undervalued or overvalued?

The key valuation ratios of Fiem Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Fiem Industries share price return in the past 10 years?

Fiem Industries Ltd share price has appreciated 16.4% annually (CAGR) over the past ten years.

Is Fiem Industries a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Fiem Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Fiem Industries?

The latest standalone P/E ratio of Fiem Industries as of 05-Nov-2024 is 23.10.

What is the P/B ratio of Fiem Industries?

The latest standalone P/B ratio of Fiem Industries as of 05-Nov-2024 is 4.41.

What is the 52-week high and low of Fiem Industries?

The 52-week high of Fiem Industries is Rs. 1782.10 and the 52-week low is Rs. 872.90.

Fiem Industries Ltd - Stock Valuation and Financial Performance

Name: Fiem Industries
Brand: Fiem Industries

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

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Fiem Inds Share Price

₹1,600.50 29.45 1.87%
as on 05-Nov'24 00:00

10 Year X-Ray of Fiem Inds:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	23%	26%	13.3%	16.8%	17.1%	16.4%	12.2%	21.2%	27.4%	27.5%	-
Value Creation Index ⓘ	0.6	0.9	-0.1	0.2	0.2	0.2	-0.1	0.5	1.0	1.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	825	987	1,014	1,238	1,444	1,378	1,221	1,572	1,848	2,028	2,117
Sales YoY Gr.	-	19.7%	2.8%	22.1%	16.6%	-4.6%	-11.4%	28.8%	17.5%	9.7%	-
Adj EPS ⓘ	17.7	23.9	16.2	19.1	21.1	30.3	18.7	36.2	53	63	67.9
YoY Gr.	-	34.9%	-32%	17.4%	10.4%	44.1%	-38.2%	93.1%	46.5%	18.8%	-
BVPS (₹) ⓘ	89.2	108.3	155.7	170.6	181.1	201	217.9	246	288.6	336.4	355.1
Adj Net Profit ⓘ	42.4	57.1	42.8	50.2	55.4	79.8	49.3	95.3	140	166	179
Cash Flow from Ops. ⓘ	82.1	122	46	124	119	209	136	92.6	131	135	-
Debt/CF from Ops. ⓘ	1.4	1.2	4.9	1.3	1.4	0.5	0.4	0.2	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	10.5%	7%	18.4%	9.7%
Adj EPS ⓘ	15.1%	24.5%	49.8%	18.8%
BVPSⓘ	15.9%	13.2%	15.6%	16.6%
Share Price	16.4%	52.6%	36.3%	80.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	20	22.8	12.5	11.7	12	15.9	9	15.6	19.8	20.2	19.6
Op. Profit Mgn % ⓘ	12.4	12.9	11.6	11.4	10.7	11.4	11	12.3	13.4	13.2	13.5
Net Profit Mgn % ⓘ	5.1	5.8	4.2	4.1	3.8	5.8	4	6.1	7.6	8.2	8.4
Debt to Equity ⓘ	0.6	0.5	0.6	0.4	0.4	0.2	0.1	0	0	0	-
Working Cap Days ⓘ	60	64	81	90	90	82	74	73	75	78	56
Cash Conv. Cycle ⓘ	10	4	5	12	16	14	3	8	18	28	32

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 19.60%

Sales growth is growing at healthy rate in last 3 years 18.43%

Net Profit is growing at healthy rate in last 3 years 49.78%

Sales growth is good in last 4 quarters at 14.34%

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Latest Financials - Fiem Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	67.9	68.1
TTM Sales (₹ Cr.)	2,117	2,118
BVPS (₹.) ⓘ	355.1	355.6
Reserves (₹ Cr.) ⓘ	908	909
P/BV ⓘ	4.41	4.41
PE ⓘ	23.10	23.04

From the Market
52 Week Low / High (₹)	872.90 / 1782.10
All Time Low / High (₹)	19.62 / 1782.10
Market Cap (₹ Cr.)	4,126
Equity (₹ Cr.)	26.3
Face Value (₹)	10
Industry PE ⓘ	53.8

Management X-Ray of Fiem Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Fiem Inds

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Fiem Inds

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	825	987	1,014	1,238	1,444	1,378	1,221	1,572	1,848	2,028
Operating Expenses ⓘ	722	860	897	1,098	1,289	1,221	1,087	1,379	1,600	1,760
Manufacturing Costs	84	105	113	128	131	125	105	127	136	158
Material Costs	498	573	587	737	898	840	754	986	1,131	1,242
Employee Cost	98	127	146	177	196	196	164	205	236	284
Other Costs ⓘ	42	56	51	56	64	60	64	61	96	76
Operating Profit ⓘ	102	127	117	141	155	157	134	193	248	268
Operating Profit Margin (%)	12.4%	12.9%	11.6%	11.4%	10.7%	11.4%	11.0%	12.3%	13.4%	13.2%
Other Income ⓘ	1	1	5	5	1	2	3	3	11	16
Interest ⓘ	12	16	23	23	22	18	12	9	7	3
Depreciation ⓘ	31	33	39	44	49	53	57	59	63	58
Exceptional Items ⓘ	0	0	-14	3	0	-1	-3	0	0	0
Profit Before Tax ⓘ	61	79	45	82	85	87	65	129	188	223
Tax ⓘ	18	22	13	29	30	8	18	34	49	57
Profit After Tax	42	57	33	53	55	79	47	95	140	166
PAT Margin (%)	5.1%	5.8%	3.2%	4.2%	3.8%	5.7%	3.9%	6.1%	7.6%	8.2%
Adjusted EPS (₹)	17.7	23.9	12.5	20.0	21.1	30.0	17.9	36.2	53.1	63.0
Dividend Payout Ratio (%)	20%	17%	32%	23%	28%	22%	45%	28%	28%	32%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	227	273	410	449	477	529	573	647	759	885
Share Capital ⓘ	12	12	13	13	13	13	13	13	13	26
Reserves ⓘ	215	261	397	436	463	516	560	634	746	859
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	86	109	184	124	131	58	22	8	0	0
Long Term Debt	51	91	119	87	93	58	22	8	0	0
Short Term Debt	34	18	64	37	38	0	0	0	0	0
Trade Payables	88	151	151	220	189	167	172	261	165	189
Others Liabilities ⓘ	100	126	125	143	165	169	158	138	125	139
Total Liabilities ⓘ	501	658	869	935	962	923	926	1,054	1,050	1,214
Fixed Assets
Gross Block	480	593	695	804	861	938	949	962	994	1,004
Accumulated Depreciation	145	178	215	250	297	348	403	455	502	509
Net Fixed Assetsⓘ	334	416	479	554	564	590	546	507	493	495
CWIP ⓘ	5	12	6	7	11	0	3	1	5	5
Investmentsⓘ	0	1	87	20	28	29	29	86	5	5
Inventories	51	66	102	140	147	129	117	185	176	204
Trade Receivables	87	119	119	144	146	77	81	175	141	194
Cash Equivalents	3	4	23	2	1	46	109	67	180	204
Others Assetsⓘ	21	42	54	69	63	53	41	34	51	107
Total Assets ⓘ	501	658	869	935	962	923	926	1,054	1,050	1,214

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	82	122	46	124	119	209	136	93	131	135
PBT ⓘ	61	79	45	82	85	87	65	129	188	223
Adjustment ⓘ	43	49	73	60	71	70	79	68	79	37
Changes in Working Capital ⓘ	-7	13	-57	-1	-17	70	9	-69	-74	-67
Tax Paid ⓘ	-14	-19	-15	-16	-19	-19	-18	-36	-62	-58
Cash Flow From Investing Activity ⓘ	-59	-108	-198	-45	-81	-47	-15	-74	37	-68
Capex	-59	-109	-116	-115	-74	-46	-20	-19	-54	-83
Net Investments	0	0	-86	67	-8	-2	0	-57	83	0
Others ⓘ	0	1	4	4	1	1	4	2	9	15
Cash Flow From Financing Activityⓘ	-22	-13	173	-102	-38	-118	-57	-61	-55	-43
Net Proceeds from Shares ⓘ	0	0	117	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-6	39	39	-39	10	-38	-41	-30	-20	0
Interest Paid ⓘ	-13	-18	-25	-23	-22	-17	-10	-7	-6	-2
Dividend Paid ⓘ	-7	-14	-4	-11	-22	-18	-4	-21	-26	-39
Others ⓘ	4	-19	45	-29	-3	-44	-2	-2	-2	-2
Net Cash Flow ⓘ	2	0	22	-22	0	44	63	-42	113	24

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	21.3	24.19	9.81	12.24	11.99	15.7	8.55	15.6	19.85	20.16
ROCE (%)	22.97	26.01	13.27	16.78	17.07	16.39	12.22	21.17	27.38	27.46
Asset Turnover Ratio	1.89	1.88	1.48	1.41	1.52	1.46	1.33	1.6	1.76	1.8
PAT to CFO Conversion(x)	1.95	2.14	1.39	2.34	2.16	2.65	2.89	0.98	0.94	0.81
Working Capital Days
Receivable Days	33	34	38	38	37	30	23	30	31	30
Inventory Days	19	20	27	35	36	37	37	35	35	34
Payable Days	61	76	94	92	83	77	82	80	69	52

Fiem Industries Ltd Stock News

Fiem Industries Ltd FAQs

What is the share price of Fiem Inds?

Company share prices are keep on changing according to the market conditions. The closing price of Fiem Inds on 05-Nov-2024 00:00 is ₹1,600.5.

What is the market cap of Fiem Inds?

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 05-Nov-2024 00:00 the market cap of Fiem Inds stood at ₹4,126.4.

What is the P/E ratio of Fiem Inds?

The latest P/E ratio of Fiem Inds as of 05-Nov-2024 00:00 is 23.10.

What is the P/B ratio of Fiem Inds?

The latest P/B ratio of Fiem Inds as of 05-Nov-2024 00:00 is 4.41.

What is the 52-week high and low of Fiem Inds?

The 52-week high of Fiem Inds is ₹1,782.1 and the 52-week low is ₹872.9.

What is the TTM revenue of Fiem Inds?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Fiem Inds is ₹2,117 ( 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.