Fiem Industries Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹4,518 Cr
- P/E
- 17.18
- ROE
- 22.60%
- PEG
- 0.77
- Price to sales
- 1.54
- Debt to equity
- 0.05
- 52W high / low
- ₹2,646 / ₹1,664
- Sales growth (5Y)
- 18.18%
- EBITDA margin
- 13.99%
- Net profit margin
- 9.04%
- Promoter holding
- 54.51%
- Sales (last year)
- ₹2,932 Cr
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]
Guidance scorecard · Q1 FY27 call
What Fiem Industries Ltd's management guided
and where it ranks in Auto Components
Auto Components
RevenueQ1 FY27 call
10–20%- The company guides for a top-line growth of around 15% to 20% annually.
- EBITDA margin guidance is around 14% for the full year.
- Over the next 3 to 4 years, they expect to maintain this revenue growth trajectory in their core 2-wheeler business.
- 4-wheeler segment revenue contribution is currently ~2.5% but expected to grow meaningfully from FY28 onwards.
- EV adoption and increasing LED penetration (expected to rise from 63% to ~70% in next 24-30 months) will be key growth drivers.
- Capacity expansions at Hosur and other plants are planned to support volume growth.
- Delay in 4-wheeler business scaling to FY28 but long-term prospects remain positive.
2 more points from Fiem Industries Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Fiem Industries Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Current year capex target is around INR 100 crores, similar to last year's INR 110 crores.
- Majority of the capex is focused on expanding capacity at Hosur plants (Kelamangalam and Thally Road) to cater to growing demand, especially for EV lighting components.
- Some capex is also allocated to the Tapukara plant.
- Management is evaluating multiple organic and inorganic growth opportunities, including potential investments in 4-wheeler business and electronics segments.
- They aim to judiciously deploy cash reserves (~INR 280 crores) for growth and may consider raising debt if large-scale investments or acquisitions arise.
- The company will ensure capacity aligns with OEM demand, avoiding over-capacity.
2 more points from Fiem Industries Ltd's call on capex
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FundraisingQ1 FY27 call
See what Fiem Industries Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- Fiem Industries mentioned an active and strong order book with over 100 models being developed or supplied to key 2-wheeler OEMs like Honda, Yamaha, Suzuki, and TVS.
- The company is closely working with new model developments, especially with HMSI, aiming to maintain or increase wallet share.
- For 4-wheeler business, several projects with Mahindra & Mahindra, Force Motors, and others are progressing, though new business has a longer lead time (3 years development cycle).
- Order inflows for new technologies like LED lighting, Light Control Modules (LCM), and hands-off detection systems are in development or at approval/RFQ stage.
2 more points from Fiem Industries Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Auto Components
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Auto Components companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹3,020 Cr | 47.8 | |
| 2 | 40%+ | Flat | ₹1,998 Cr | 63.5 | |
| 3 | 40%+ | Flat | ₹428 Cr | 17.5 | |
| 4 | 20–40% | Up 2%+ | ₹25,721 Cr | 73.8 | |
| 5 | 20–40% | Up 2%+ | ₹13,417 Cr | 40.5 | |
| 6 | 20–40% | Up 0–2% | ₹23,344 Cr | 37.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Auto Components rankingFinancials of Fiem Industries Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Fiem Industries Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 442 | 436 | 475 | 509 | 487 | 558 | 578 | 612 | 593 | 639 | 659 | 715 | 690 |
| Expenses + | 382 | 376 | 414 | 441 | 422 | 483 | 499 | 532 | 516 | 554 | 569 | 616 | 592 |
| Operating Profit | 60 | 60 | 61 | 68 | 65 | 75 | 79 | 81 | 78 | 85 | 89 | 99 | 98 |
| OPM % | 14% | 14% | 13% | 13% | 13% | 13% | 14% | 13% | 13% | 13% | 14% | 14% | 14% |
| Other Income + | 3 | 5 | 4 | 4 | 5 | 4 | 3 | 4 | 4 | 9 | 6 | 6 | 5 |
| Interest | 2 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 16 | 16 | 14 | 13 | 15 | 16 | 15 | 16 | 16 | 17 | 17 | 19 | 18 |
| Profit before tax | 45 | 47 | 48 | 58 | 55 | 62 | 66 | 68 | 65 | 77 | 78 | 85 | 84 |
| Tax % | 30% | 19% | 26% | 25% | 26% | 25% | 26% | 26% | 27% | 24% | 26% | 25% | 25% |
| Net Profit + | 32 | 38 | 36 | 43 | 40 | 46 | 49 | 50 | 47 | 59 | 58 | 64 | 63 |
| EPS in Rs | 12.14 | 14.46 | 13.50 | 16.53 | 15.40 | 17.56 | 18.58 | 19.06 | 17.86 | 22.36 | 21.85 | 24.19 | 24.08 |
Financials of Fiem Industries Ltd
Profit & Loss
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 719 | 824 | 987 | 1,015 | 1,240 | 1,449 | 1,379 | 1,221 | 1,572 | 1,848 | 2,029 | 2,423 | 2,704 |
| Expenses + | 631 | 721 | 859 | 897 | 1,099 | 1,292 | 1,223 | 1,087 | 1,378 | 1,599 | 1,760 | 2,100 | 2,332 |
| Operating Profit | 88 | 103 | 127 | 118 | 141 | 157 | 157 | 134 | 194 | 249 | 269 | 322 | 372 |
| OPM % | 12% | 12% | 13% | 12% | 11% | 11% | 11% | 11% | 12% | 13% | 13% | 13% | 14% |
| Other Income + | 1 | 1 | 1 | -9 | 8 | 1 | 1 | 0 | 3 | 11 | 16 | 20 | 25 |
| Interest | 14 | 12 | 16 | 23 | 23 | 22 | 18 | 12 | 9 | 7 | 3 | 2 | 2 |
| Depreciation | 22 | 31 | 33 | 39 | 44 | 49 | 53 | 57 | 59 | 63 | 59 | 64 | 71 |
| Profit before tax | 53 | 61 | 79 | 46 | 82 | 87 | 87 | 65 | 129 | 189 | 223 | 276 | 324 |
| Tax % | 29% | 30% | 28% | 28% | 36% | 35% | 9% | 28% | 26% | 26% | 26% | 26% | |
| Net Profit + | 37 | 42 | 57 | 33 | 53 | 56 | 75 | 47 | 94 | 140 | 166 | 205 | 243 |
| EPS in Rs | 15.60 | 17.77 | 23.99 | 12.57 | 19.98 | 21.16 | 28.35 | 17.75 | 35.80 | 53.17 | 62.96 | 77.86 | 92.48 |
| Dividend Payout % | 19% | 20% | 17% | 32% | 23% | 28% | 23% | 45% | 28% | 28% | 32% | 39% |
Financials of Fiem Industries Ltd
Balance Sheet
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 12 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 26 | 26 | 26 |
| Reserves | 185 | 215 | 261 | 397 | 436 | 464 | 512 | 556 | 629 | 748 | 861 | 1,012 | 1,054 |
| Borrowings + | 119 | 117 | 140 | 225 | 159 | 171 | 127 | 77 | 46 | 24 | 23 | 22 | 62 |
| Other Liabilities + | 139 | 157 | 246 | 234 | 327 | 314 | 269 | 276 | 361 | 268 | 308 | 363 | 425 |
| Total Liabilities | 455 | 501 | 659 | 870 | 935 | 963 | 920 | 922 | 1,049 | 1,053 | 1,218 | 1,424 | 1,567 |
| Fixed Assets + | 313 | 334 | 416 | 479 | 554 | 564 | 591 | 547 | 508 | 494 | 496 | 553 | 573 |
| CWIP | 0 | 5 | 12 | 6 | 7 | 11 | 0 | 3 | 1 | 5 | 5 | 20 | 9 |
| Investments | 0 | 0 | 0 | 86 | 19 | 25 | 21 | 21 | 77 | 0 | 0 | 0 | 0 |
| Other Assets + | 142 | 162 | 231 | 298 | 355 | 362 | 308 | 351 | 463 | 554 | 717 | 850 | 985 |
| Total Assets | 455 | 501 | 659 | 870 | 935 | 963 | 920 | 922 | 1,049 | 1,053 | 1,218 | 1,424 | 1,567 |
Financials of Fiem Industries Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 77 | 82 | 122 | 46 | 125 | 121 | 207 | 136 | 92 | 131 | 135 | 233 |
| Cash from Investing Activity + | -41 | -59 | -108 | -198 | -44 | -80 | -46 | -15 | -74 | 39 | -69 | -86 |
| Cash from Financing Activity + | -36 | -22 | -13 | 173 | -102 | -38 | -118 | -57 | -61 | -55 | -43 | -55 |
| Net Cash Flow | 0 | 1 | 1 | 21 | -21 | 2 | 43 | 63 | -42 | 115 | 23 | 92 |
| Free Cash Flow | 36 | 23 | 13 | -70 | 9 | 47 | 160 | 116 | 73 | 76 | 51 | 132 |
| CFO/OP | 100% | 94% | 111% | 52% | 100% | 89% | 145% | 115% | 66% | 78% | 73% | 94% |
Financials of Fiem Industries Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 39 | 38 | 44 | 43 | 42 | 37 | 20 | 24 | 41 | 28 | 35 | 37 |
| Inventory Days | 35 | 38 | 42 | 64 | 69 | 60 | 56 | 57 | 68 | 57 | 60 | 57 |
| Days Payable | 65 | 65 | 96 | 94 | 108 | 76 | 73 | 83 | 97 | 53 | 56 | 56 |
| Cash Conversion Cycle | 9 | 11 | -10 | 13 | 3 | 20 | 4 | -3 | 12 | 31 | 39 | 37 |
| Working Capital Days | -19 | -19 | -18 | -21 | -6 | -0 | -9 | -15 | 9 | 23 | 37 | 29 |
| ROCE % | 22% | 22% | 25% | 16% | 16% | 17% | 16% | 12% | 21% | 27% | 27% | 28% |
Guidance history
How Fiem Industries Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | — |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
11 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −18.5% | 38% |
| Last 6 months | −21.4% | 16% |
| Last 3 months | −27.5% | 5% |
The price is 35.1% below its all-time high of ₹2,645.9 (12 Aug 2026). Stocks more than 20% below their peak have their score halved, so 23 became 11.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Fiem Industries Ltd: 0.4 × 38 + 0.4 × 16 + 0.2 × 5 = 23, halved to 11 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Fiem Industries Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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