Any current/future new fundraising through debt or equity?

There is no mention of any current plans for fundraising through debt or equity. The company states it is currently conducting market studies and preparing a business plan. Management will update investors on any CAPEX or related funding plans once they are ready. The company is currently a zero-debt company with very little interest cost limited to bill discounting. Future funding or capital raising plans have not been disclosed; the board will consider options like stock splits or bonuses at an appropriate time.

Any current/future capex/capital investment/strategic investment?

No immediate CAPEX is planned as the company is currently conducting market studies and preparing a business plan. Management will update investors once the plans are finalized and ready. The company is progressing with localizing Gogoro SKD to CKD production over the next 6-8 months, which involves investment in domestic production capabilities. Fiem is gradually building its four-wheeler business team and enhancing technical capabilities in a step-by-step manner, indicating future strategic investments in that segment. Overall, while no explicit current CAPEX is underway aside from ongoing i

Future growth expectations in sales/revenue/volumes?

EV two-wheeler sales grew 66% YoY in Q1 FY'24 despite Fame II subsidy reduction; expected to stabilize and grow during the year. FY24 outlook is very positive with growth drivers including: - Auto industry growth. - Over 80 new projects in order book. - Increasing LED content usage (5-7% annual increase expected). - Indirect exports through OEMs like Yamaha, Honda, Suzuki, Piaggio. - Higher market share in electric vehicle (EV) segment. - Entry and growth in four-wheeler lighting segment. Gogoro partnership revenues expected from FY25 onwards with product expansion

Future growth expectations in earnings/operating earnings/profits/EPS?

FY24 outlook is positive with expected revenue growth driven by: - Auto industry growth. - Over 80 new projects currently in hand. - Increasing LED share in products, contributing to better margins. - Indirect exports via OEMs like Yamaha, Honda, Suzuki, Piaggio. - Higher market share in the EV segment. - Entry and growth in the four-wheeler segment. EBITDA margins are expected to normalize around 13% to 13.5%. Gross margin fluctuates due to product mix but LED share is increasing, aligning with improved margins over next 18 months. New product launches, especially in EV and four-w

Current/ Expected Orderbook/ Pending Orders?

Current order book stands at approximately Rs. 9.5 billion as declared in the last quarter. Around 85 to 90 projects are currently on line. Expecting to realize 25% to 30% of sales revenue from the current order book within this financial year. The balance revenue will be realized in the next year and subsequent years. The company has a healthy pipeline of new projects, with over 80 projects in hand driving growth. Continuous engagement with four-wheeler customers has resulted in inquiries and RFQs, indicating potential future orders. The company is focused on ramping up production for existin

Fiem Industries LtdQ1 FY24Auto Components

Fiem Industries Ltd Q1 FY24 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹1,716.6P/E: 17.2Market Cap: ₹4.5K CrSector: Auto Components

Management growth scorecard

Revenue

Category 3

Margin

Category 3

Fundraise

N/A

Order

Yes

Capex

N/A

1 of 3 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 3

EV two-wheeler sales grew 66% YoY in Q1 FY'24 despite Fame II subsidy reduction; expected to stabilize and grow during the year.
FY24 outlook is very positive with growth drivers including:
- Auto industry growth.
- Over 80 new projects in order book.
- Increasing LED content usage (5-7% annual increase expected).
- Indirect exports through OEMs like Yamaha, Honda, Suzuki, Piaggio.
- Higher market share in electric vehicle (EV) segment.
- Entry and growth in four-wheeler lighting segment.
Gogoro partnership revenues expected from FY25 onwards with product expansion and localization planned.
New models with Yamaha and Hero (including Harley) are expected to contribute to revenue in the coming years.
Company targets consistent margin profile alongside revenue growth.

Margin guidance

Category 3

FY24 outlook is positive with expected revenue growth driven by:
- Auto industry growth.
- Over 80 new projects currently in hand.
- Increasing LED share in products, contributing to better margins.
- Indirect exports via OEMs like Yamaha, Honda, Suzuki, Piaggio.
- Higher market share in the EV segment.
- Entry and growth in the four-wheeler segment.
EBITDA margins are expected to normalize around 13% to 13.5%.
Gross margin fluctuates due to product mix but LED share is increasing, aligning with improved margins over next 18 months.
New product launches, especially in EV and four-wheeler lighting, are expected to contribute positively.
Cautious on short-term margin dips; favorable medium-term trajectory expected with scale and product mix improvements.
Stock split or bonus shares currently not planned but may be considered by the Board in the future.
Overall, management optimistic about double-digit growth in revenues and profits going forward.

See what Fiem Industries Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

There is no mention of any current plans for fundraising through debt or equity.
The company states it is currently conducting market studies and preparing a business plan.
Management will update investors on any CAPEX or related funding plans once they are ready.
The company is currently a zero-debt company with very little interest cost limited to bill discounting.
Future funding or capital raising plans have not been disclosed; the board will consider options like stock splits or bonuses at an appropriate time.

Order book

Yes

Current order book stands at approximately Rs. 9.5 billion as declared in the last quarter.
Around 85 to 90 projects are currently on line.
Expecting to realize 25% to 30% of sales revenue from the current order book within this financial year.
The balance revenue will be realized in the next year and subsequent years.
The company has a healthy pipeline of new projects, with over 80 projects in hand driving growth.
Continuous engagement with four-wheeler customers has resulted in inquiries and RFQs, indicating potential future orders.
The company is focused on ramping up production for existing partnerships like Gogoro with SKD transitioning to CKD in 6-8 months.

See what Fiem Industries Ltd management said on order book — free account, 30 seconds.

Capex plans

No immediate CAPEX is planned as the company is currently conducting market studies and preparing a business plan.
Management will update investors once the plans are finalized and ready.
The company is progressing with localizing Gogoro SKD to CKD production over the next 6-8 months, which involves investment in domestic production capabilities.
Fiem is gradually building its four-wheeler business team and enhancing technical capabilities in a step-by-step manner, indicating future strategic investments in that segment.
Overall, while no explicit current CAPEX is underway aside from ongoing initiatives, the company is actively exploring new business opportunities and technology localization that could require investment soon.

Track Fiem Industries Ltd — get its next earnings analysis in your feed

How does Fiem Industries Ltd rank vs peers in Auto Components?

Pro feature

ThisFiem Industries Ltd

Rev 3Mar 3

See where Fiem Industries Ltd sits in Auto ComponentsSee which companies these are, and every other name in the sector.Open rankings

How does Fiem Industries Ltd rank in Auto Components?

Compare Fiem Industries Ltd against every Auto Components company (Q1 FY24) on revenue, margins and earnings-call signals.

View Auto Components leaderboard →

What Fiem Industries Ltd's management said in earlier quarters

Others in Auto Components this season

Kheria Autocomp (Q2 FY27)
5,500.63 Lakhs for the half year ended 30th September 2025, indicating a year-on-year increase of approximately 31.4%. Key results statement takeaways from Kher
Menon Bearings Ltd (Q2 FY27)
10,202.87 lakh, up 57.22% from Rs. Key results statement takeaways from Menon Bearings Ltd's Q2 FY27 results statement — and how it ranks against sector peers.
India Motor Parts & Accessories Ltd (Q2 FY27)
221.70 Crores, compared to Rs. Key results statement takeaways from India Motor Parts & Accessories Ltd's Q2 FY27 results statement — and how it ranks against s
Wheels India Ltd (Q2 FY27)
Q2 FY27 consolidated revenue from operations: INR 1,711 Cr, up 35% YoY (Page 19) . Key investor presentation takeaways from Wheels India Ltd's Q2 FY27 investor

Compare:vs Samvardhana Motherson International Ltd vs Bosch vs Bharat Forge Ltd

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Fiem Industries Ltd Q1 FY24 Earnings Call Analysis

Revenue guidance

Fundraise plans

Capex plans

How does Fiem Industries Ltd rank in Auto Components?

Continue your research

What Fiem Industries Ltd's management said in earlier quarters

Others in Auto Components this season