Fiem Industries Ltd

Fiem Industries Ltd

₹ 1,133 5.23%
28 Mar - close price
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]

  • Market Cap 2,983 Cr.
  • Current Price 1,133
  • High / Low 1,299 / 748
  • Stock P/E 18.9
  • Book Value 304
  • Dividend Yield 1.32 %
  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
358 421 275 419 389 490 445 525 442 436 475 509 487
317 367 244 368 342 425 388 453 382 376 414 441 422
Operating Profit 42 55 31 51 47 65 56 72 60 60 61 68 65
OPM % 12% 13% 11% 12% 12% 13% 13% 14% 14% 14% 13% 13% 13%
1 2 0 1 1 1 1 2 3 5 4 4 5
Interest 3 3 2 2 2 3 2 2 2 2 2 0 0
Depreciation 14 16 14 14 13 18 16 16 16 16 14 13 15
Profit before tax 26 38 15 36 32 45 40 57 45 47 48 58 55
Tax % 25% 30% 26% 26% 27% 25% 27% 28% 30% 19% 26% 25% 26%
20 28 11 26 23 34 29 41 32 38 36 43 40
EPS in Rs 7.55 10.65 4.14 10.01 8.83 12.82 11.07 15.50 12.14 14.46 13.50 16.53 15.40
Raw PDF

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 TTM
535 605 719 824 987 1,015 1,240 1,449 1,379 1,221 1,572 1,848 1,908
467 535 631 721 859 897 1,099 1,292 1,223 1,087 1,378 1,599 1,653
Operating Profit 68 70 88 103 127 118 141 157 157 134 194 249 254
OPM % 13% 12% 12% 12% 13% 12% 11% 11% 11% 11% 12% 13% 13%
0 0 1 1 1 -9 8 1 1 0 3 11 17
Interest 21 13 14 12 16 23 23 22 18 12 9 7 5
Depreciation 17 18 22 31 33 39 44 49 53 57 59 63 58
Profit before tax 30 39 53 61 79 46 82 87 87 65 129 189 208
Tax % 30% 30% 29% 30% 28% 28% 36% 35% 9% 28% 26% 26%
21 28 37 42 57 33 53 56 75 47 94 140 158
EPS in Rs 8.85 11.60 15.60 17.77 23.99 12.57 19.98 21.16 28.35 17.75 35.80 53.17 59.89
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: 0%
Compounded Profit Growth
10 Years: 18%
5 Years: 23%
3 Years: 23%
TTM: 16%
Stock Price CAGR
10 Years: 19%
5 Years: 35%
3 Years: 60%
1 Year: 52%
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 Sep 2023
Equity Capital 12 12 12 12 12 13 13 13 13 13 13 13 13
Reserves 132 156 185 215 261 397 436 464 512 556 629 748 787
163 134 119 117 140 225 159 171 127 77 46 24 23
112 131 139 157 246 234 327 314 269 276 361 268 323
Total Liabilities 418 433 455 501 659 870 935 963 920 922 1,049 1,053 1,147
282 293 313 334 416 479 554 564 591 547 508 494 488
CWIP 1 1 0 5 12 6 7 11 0 3 1 5 9
Investments 0 0 0 0 0 86 19 25 21 21 77 0 0
136 139 142 162 231 298 355 362 308 351 463 554 650
Total Assets 418 433 455 501 659 870 935 963 920 922 1,049 1,053 1,147

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 39
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 -42 115

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%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Feb 2024
66.56% 66.56% 66.56% 66.56% 66.56% 66.56% 66.56% 66.56% 66.56% 66.56% 66.56% 66.56%
9.05% 9.74% 10.45% 10.78% 4.00% 5.55% 5.97% 3.92% 3.94% 2.90% 2.32% 1.86%
0.00% 0.35% 0.19% 0.21% 0.98% 0.82% 0.93% 0.80% 0.81% 0.86% 0.80% 1.42%
24.39% 23.35% 22.80% 22.45% 28.46% 27.06% 26.51% 28.73% 28.68% 29.68% 30.30% 30.16%
No. of Shareholders 21,08033,67939,09039,98336,08934,89237,14440,36942,17047,96650,28760,726

* 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

Concalls