Fiem Industries Ltd
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]
- Market Cap ₹ 2,355 Cr.
- Current Price ₹ 1,789
- High / Low ₹ 2,087 / 980
- Stock P/E 16.8
- Book Value ₹ 578
- Dividend Yield 1.68 %
- ROCE 26.6 %
- ROE 19.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 22.6% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 33.8%
Cons
- The company has delivered a poor sales growth of 8.31% over past five years.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
535 | 605 | 719 | 824 | 987 | 1,015 | 1,240 | 1,449 | 1,379 | 1,221 | 1,572 | 1,848 | |
467 | 535 | 631 | 721 | 859 | 897 | 1,099 | 1,292 | 1,223 | 1,087 | 1,378 | 1,599 | |
Operating Profit | 68 | 70 | 88 | 103 | 127 | 118 | 141 | 157 | 157 | 134 | 194 | 249 |
OPM % | 13% | 12% | 12% | 12% | 13% | 12% | 11% | 11% | 11% | 11% | 12% | 13% |
0 | 0 | 1 | 1 | 1 | -9 | 8 | 1 | 1 | 0 | 3 | 11 | |
Interest | 21 | 13 | 14 | 12 | 16 | 23 | 23 | 22 | 18 | 12 | 9 | 7 |
Depreciation | 17 | 18 | 22 | 31 | 33 | 39 | 44 | 49 | 53 | 57 | 59 | 63 |
Profit before tax | 30 | 39 | 53 | 61 | 79 | 46 | 82 | 87 | 87 | 65 | 129 | 189 |
Tax % | 30% | 30% | 29% | 30% | 28% | 28% | 36% | 35% | 9% | 28% | 26% | 26% |
Net Profit | 21 | 28 | 37 | 42 | 57 | 33 | 53 | 56 | 75 | 47 | 94 | 140 |
EPS in Rs | 17.67 | 23.17 | 31.16 | 35.51 | 47.93 | 25.11 | 39.94 | 42.29 | 56.66 | 35.48 | 71.55 | 106.26 |
Dividend Payout % | 17% | 17% | 19% | 20% | 17% | 32% | 23% | 28% | 23% | 45% | 28% | 28% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 8% |
3 Years: | 10% |
TTM: | 18% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 23% |
3 Years: | 23% |
TTM: | 49% |
Stock Price CAGR | |
---|---|
10 Years: | 25% |
5 Years: | 17% |
3 Years: | 82% |
1 Year: | 79% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 15% |
3 Years: | 15% |
Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
12 | 12 | 12 | 12 | 12 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | |
Reserves | 132 | 156 | 185 | 215 | 261 | 397 | 436 | 464 | 512 | 556 | 629 | 748 |
163 | 134 | 119 | 117 | 140 | 225 | 159 | 171 | 127 | 77 | 46 | 24 | |
112 | 131 | 139 | 157 | 246 | 234 | 327 | 314 | 269 | 276 | 361 | 268 | |
Total Liabilities | 418 | 433 | 455 | 501 | 659 | 870 | 935 | 963 | 920 | 922 | 1,049 | 1,053 |
282 | 293 | 313 | 334 | 416 | 479 | 554 | 564 | 591 | 547 | 508 | 494 | |
CWIP | 1 | 1 | 0 | 5 | 12 | 6 | 7 | 11 | 0 | 3 | 1 | 5 |
Investments | 0 | 0 | 0 | 0 | 0 | 86 | 19 | 25 | 21 | 21 | 77 | 0 |
136 | 139 | 142 | 162 | 231 | 298 | 355 | 362 | 308 | 351 | 463 | 554 | |
Total Assets | 418 | 433 | 455 | 501 | 659 | 870 | 935 | 963 | 920 | 922 | 1,049 | 1,053 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
49 | 71 | 77 | 82 | 122 | 46 | 125 | 121 | 207 | 136 | 92 | 131 | |
-54 | -28 | -41 | -59 | -108 | -198 | -44 | -80 | -46 | -15 | -74 | 38 | |
6 | -47 | -36 | -22 | -13 | 173 | -102 | -38 | -118 | -57 | -61 | -55 | |
Net Cash Flow | 1 | -4 | 0 | 1 | 1 | 21 | -21 | 2 | 43 | 63 | -42 | 114 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 46 | 42 | 39 | 38 | 44 | 43 | 42 | 37 | 20 | 24 | 41 | 28 |
Inventory Days | 53 | 48 | 35 | 38 | 42 | 64 | 69 | 60 | 56 | 57 | 68 | 57 |
Days Payable | 74 | 74 | 65 | 65 | 96 | 94 | 108 | 76 | 73 | 83 | 97 | 53 |
Cash Conversion Cycle | 24 | 16 | 9 | 11 | -10 | 13 | 3 | 20 | 4 | -3 | 12 | 31 |
Working Capital Days | 7 | -1 | -4 | -3 | -12 | 3 | 5 | 9 | -9 | -5 | 12 | 23 |
ROCE % | 20% | 17% | 22% | 22% | 25% | 16% | 16% | 17% | 16% | 12% | 21% | 27% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1 Jun - Q4/FY23 Earning Call: web link of Audio Recording. (Revised Submission)
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1 Jun - Q4/FY23 Earning Call: web link of Audio Recording
- Announcement under Regulation 30 (LODR)-Investor Presentation 31 May
- Announcement under Regulation 30 (LODR)-Dividend Updates 30 May
- Record Date For Final Dividend For FY 2022-23 30 May
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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May 2023TranscriptNotesPPT
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Dec 2018TranscriptNotesPPT
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Dec 2017TranscriptNotesPPT
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Aug 2016TranscriptNotesPPT
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Market Leader
The co. enjoys a significant market share for the supply of automotive lighting & signaling equipment and rearview mirrors to Two-wheeler and Four-wheeler OEMs. [1] In FY19, It had about 27-30% market share of the total 2 Wheeler headlamp market in India. [2] The market share in the conventional lighting side in FY22, is estimated to be more than 30%. [3]