Fiem Industries Limited (FIEMIND)

Micro Cap

Auto stocks · Micro cap · NSE

Fiem Industries Ltd. (FIEM) is a leading Indian manufacturer of Automotive Lighting & Signalling Equipment and Rear View Mirrors, primarily serving the two-wheeler segment. The company also produces plastic moulded parts and has diversified into LED Luminaires and Integrated Passenger Information Systems (IPIS).

₹1,865.1

+41.50 · +2.28%

Market cap ₹5,046 Cr

ThemesManufacturing FMCG / Consumption Hospitality & Tourism

Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm IST

Details

Quote21 Oct, 03:31 pm IST

Base fundamentals17 Oct 2026 · screener

Latest result16 Aug, 12:31 am IST

Score21 Oct, 04:30 am IST · v4.3-runtime-valuation

Tags02 May 2026

Coverage14/14 · 100%

Valuation2026-07-20 · Rf 6.8% · Auto P/E 25.7 (n=127)

Technical timing lens

Trend score and candlestick chart

40Neutral

SMA20 -9.5% / mo · MACD + · sector -2.2pp vs Nifty 500 (3M)

Stock trend: 38

Sector RS: 44

Sector 3M: -7.8% vs Nifty 500 -5.6%

Auto FPI tailwindNot confirmed

Latest mapped FPI equity flow was not positive. View sector evidence

Compare peers →

Technical chart

FIEMINDD candles · FIT view-15.7%

Latest close ₹1865.10 on 2026-10-21

Bar

+1.7%

RSI

MACD hist

20.85

52W pos

17%

2026-10-21O ₹1834.20H ₹1869.00L ₹1802.00C ₹1865.10Vol 97,623 sh

Up bar

Down bar

EMA 20

EMA 50

Volume + 20D avg

Result date

RSI(14)

MACD / signal

Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

FIEMINDNifty AutoNifty 500

FIEMIND: -20.0%
Nifty 500: -6.5%
Nifty Auto: -7.8%
Vs Nifty 500: -13.5 pp

Chart stats

21 Oct 2026

From 52W high: -30.3%
52W range position: 17%
ATR (14): 3.6%
Volume vs 20D: 1.46x
Avg traded value: ₹12.8 Cr
20D price channel: ₹1,696.2 - ₹1,988.8

Quarter ended 30 Jun 2026

Average · 42

margin compression · Rev +18% YoY · PAT +12% YoY

Revenue: ₹775 Cr; YoY +17.6%
PAT: ₹65 Cr; YoY +12.1%
Operating margin: 13.0%; QoQ -200 bps
PAT margin: 8.4%; QoQ -106 bps

Filed 30 Jun 2026Full result & history →

Current-quarter concall

Transcript not linked yet

No source-linked earnings-call transcript is available for this company in the active results quarter.

Search Concall Intelligence

Technical snapshot

Positioning and participation

Stage 4 Downtrend

Current trend context ranked against all active NSE stocks. It describes the chart; it is not a buy or sell signal.

RS percentile: 43; 0 ranks over 20D
Stage 2 entry: Not in Stage 2; Current classification: Stage 4 Downtrend
Sector rotation: #5; neutral · 135 stocks
Industry rotation: #30; weakening · 117 stocks

Trend structure

Above 20-DMABelow 50-DMABelow 200-DMA

RSI (14)

Neutral momentum

MACD

Above signal

Histogram +20.85

Volume participation

1.5x average

Versus 20-session average

20-session position

58% of range

₹1,696.2 low · ₹1,988.8 high

Relative performance

vs Nifty 500

1M: +2.6 pp; stock -1.9%
3M: -13.5 pp; stock -20.0%
6M: -12.5 pp; stock -17.8%
1Y: +1.8 pp; stock -6.1%

From 52W high

-30.3%

High ₹2,674.8

52W range position

17%

₹1,696.2 - ₹2,674.8

ATR (14)

3.6%

₹67.67

Avg traded value

₹12.8 Cr

20-session average

Current setup

No confirmed setup attached

Review the chart and detailed technical evidence before drawing a conclusion.

Open detailed technicals →

Research snapshot

What the evidence says now

Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.

Suggested next step

Research, do not rush

The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.

U-Score

Legacy · UNDERVALUED

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Quarter ended 30 Jun 2026

Average · 42/100

margin compression · Rev +18% YoY · PAT +12% YoY

Filed 30 Jun 2026

Open results browser →

Metric	This quarter	YoY	QoQ
Revenue	₹775 Cr	+17.6%	+3.2%
EBITDA	₹104 Cr	+16.9%	-5.5%
Operating margin	13.0%	-100 bps	-200 bps
PAT	₹65 Cr	+12.1%	-8.4%
PAT margin	8.4%	-41 bps	-106 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E: 19.20
P/B: 4.15
EV/EBITDA: 10.54
Market Cap: 5046.00Cr

Profitability

ROE: 22.60%
ROCE: 29.30%
ROA: 15.46%
Dividend Y: 2.08%

Growth (CAGR)

Revenue 5Y: 18.00%
EPS 5Y: 39.00%
Revenue 3Y: 15.00%
EPS 3Y: 22.00%

Balance Sheet

Debt/Equity: 0.05
Interest Coverage: 102.50×
Altman Z: 9.75
Book Value: 462.00

Cash Flow

FCF Yield: 1.29%
FCF Positive Y: 11/5
OCF: 161.00 Cr
EPS TTM: 99.91

Shareholding

Promoter Hold: 54.51%
Promoter Pledge: 0.00%
Momentum 52W: 23%

Financial History

Updated 21/10/2026

Revenue

₹ Cr

Latest: 775+3.2% vs prev

Net Profit

₹ Cr

Latest: 65.0-8.5% vs prev

ROE is shown only in the Annual view — quarterly equity data isn't published.

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Mixed signals

Signals are conflicting — long-term trend down. RSI 48. Wait for confirmation.

Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
SMA20 falling (~10.5% over last month) — short-term momentum negative.
RSI(14) at 48 — rising, no extreme reading.
MACD above signal, histogram expanding — bullish momentum building.
30% off 52W high · 10% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Nifty 500 leadership

Relative Strength & Trend Stage

RS percentile

Stage 4 Downtrend

1M return

-1.9%

3M return

-20.0%

6M return

-16.0%

1Y return

-11.5%

RS 1D

RS 20D

Sector rank

Industry rank

#30

Stage evidence

Price is 13.7% below the 30-week proxy.
The 50-DMA is below the 30-week proxy and its slope is falling -1.7%.
Both 3-month and 6-month returns are negative.

50-DMA

price below

200-DMA

price below

Sector

neutral

Industry

weakening

Relative-strength line vs Nifty 500 (base 100)

262 observations

21 Oct 2026Value 100.13+3.23%

RS vs Nifty 500100

Valuation & peers

U-Score 68 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies

Premium Compounder

Fundamental score breakdown

U band · UNDERVALUED

Valuation11/30

Growth20/25

Quality16/20

Balance Sheet11/15

Cash Flow5/10

Piotroski

8/9 (+5)

Penalties

Raw sum

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

68/100 · legacy band UNDERVALUED

Positive drivers

Piotroski is strong at 8/9.
Fair-value margin of safety is positive at 51.6%.
Growth contributes 20/25 to the score.

Main drags

Valuation is weaker at 11/30; verify the latest quarterly trend.
Cash flow is weaker at 5/10; verify the latest quarterly trend.
Balance sheet is weaker at 11/15; verify the latest quarterly trend.

Sector valuation model

Consumer valuation: PE/PEG and brand-quality premium

Consumer franchises can deserve higher multiples, but only when growth quality supports them.

Consumer PE/PEG

Primary lens

PE and PEG relative to growth, ROE, margins, and brand strength.

Secondary checks

Volume growth, pricing power, distribution, same-store or category growth.

Main risk check

Premium valuation needs durable growth and margin resilience.

19.2

4.2

EV/EBITDA

10.5

ROE

22.6%

ROCE

29.3%

FCF Yield

1.3%

Debt/Equity

0.1

MoS

+51.6%

Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 21 Oct 2026

v4.3-runtime-valuation

Final score

Previous: 71 (-3)

Legacy U-Score band

UNDERVALUED

Previous: UNDERVALUED

Margin of safety

+51.6%

Previous: +52.7%

Score history

12 stored score snapshots. Latest stored move: +0 points.

21 Oct 2026

v4.3-runtime-valuation

Factor attribution

Valuation

11-3

was 14

Modelled fair value

Graham Number

₹1,019.1

-83.0% MoS

Growth-justified P/E

38.5

Growth-justified Value

₹3,851.53

+51.6% MoS

PEG

0.60

Comparable companies

Peers

Business-comparable peers in Auto — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.

Compare all ↗

Ticker

Name

Why peer

Score

ROE

MoS

Verdict

JAMNAAUTO

Micro

Jamna Auto Industries Limited

Sharda Motor Industries Limited

LG Balakrishnan & Bros Limited

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Where growth can come from, and what can break the case

Thesis intactReviewed 2026-06-02T20:24:58.903Z

Management commentary snapshot

FIEM reported robust FY26 standalone net sales growth of 16.03% YoY to INR 27,906 mn, with EBITDA up 22.64% YoY to INR 3,933 mn. EBITDA margin expanded to 14.09% from 13.34% in FY25, and PAT grew 24.46% YoY to INR 2,539 mn.

Strong FY26 financial performance with double-digit growth in sales and profits, coupled with margin expansion, indicates continued operational efficiency and market demand. The focus on EV segment and R&D capabilities supports future growth.

Current business mix

FY26 Revenue by Automotive Segment Product Mix

Latest issuer-disclosed distribution across 5 reported categories.

Automotive LED Lighting47.5%

Automotive Lighting27.7%

Rear View Mirrors10.7%

Plastic Moulded Parts9.1%

Others5.0%

Growth engines

EV Segment Focus

Company has first mover advantage and is working with all major EV OEMs in India for 2W EV segment.

In-house R&D & Design

Strong R&D, Designing and Testing capabilities with shortest Development time provide competitive advantage.

Diversified Product Portfolio

LED Lighting solutions, Rear View Mirrors, Plastic Parts provide best solutions to OEMs.

Strong OEM Client Base

More than 50 OEMs, supplying to prestigious customers since inception, with significant market share.

Capacity and execution

New R&D Electronics (EMC) Laboratory

Established new R&D Electronics (EMC) Laboratory, Innovation Centre & Corporate Office at Gurugram (2025).

Japan R&D Facilities Enhancement

Enhanced Japan office in Shiki, Saitama, Japan, with R&D facilities (2024).

Pune Design Centre

Setup New Design Centre Passenger Vehicle at Pune, for Maharashtra (2023).

Tailwinds

2W EV Market Growth

2W EV is a big opportunity, which is growing exponentially.

Management accountability

What management said, and what results must prove

Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.

Analyst reading lens

Compare BOTH

Annual results (FY26) and 5-year CAGRs are crucial for assessing long-term growth and profitability trends. Q4FY26 data provides recent sequential performance and client mix shifts, which are relevant for momentum.

Sector KPIs management disclosed

Net Sales Growth (YoY)

FY26 Net Sales grew 16.03% YoY to INR 27,906 mn (FY25: INR 24,050 mn).

EBITDA Margin

FY26 EBITDA Margin was 14.09%, up from 13.34% in FY25.

2-Wheeler Segment Contribution

FY26 Revenue Breakup shows 2-Wheeler segment contributed 97.15% of Automotive Segment revenue.

OEMs (Domestic) Contribution

FY26 Revenue Breakup shows OEMs (Domestic) contributed 93.17% of Automotive Segment revenue.

Management forward view

Innovation & Technology Focus

Management champions innovation, self-reliance, and technological excellence, strengthening R&D and testing infrastructure.

Operational Efficiency Drive

Focus on technology adoption, process optimization, and operational excellence across manufacturing units.

Enhanced Collaboration

New Gurugram office aims for enhanced collaboration, faster innovation, and shared success.

Thesis monitor

Numbers and claims to verify in the next filings

Checkpoint	Current evidence	What to verify next
EBITDA Margin	14.09% (FY26)	Sustained expansion or stability, indicating cost control and pricing power.
Revenue Growth	16.03% YoY (FY26)	Continued double-digit growth, especially from the EV segment.
Trade Receivables	INR 3,875 mn (Consolidated FY26), up from INR 2,424 mn (FY25)	Management commentary on increased receivables and collection efficiency.
ROCE & ROE	ROCE 28.02%, ROE 22.62% (FY26)	Maintenance or improvement in capital efficiency ratios.

Verification checkpoints are IndiaPulse research interpretation, not investment advice.

Trust Score

86Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: Claim history is still being built. It ranks around the 99th percentile of the scored universe and 96th percentile within Auto. No major sub-score weakness stands out.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 05 Sept 2026

management-trust-v1

148 docs text-extracted · 62 concalls text-extracted

Score band

Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank

99th percentile

overall median 67 · Auto: 96th pctile, median 74 · Micro: 98th pctile, median 73

Evidence depth

Financial-only

148 documents have extracted text, but claim history is not strong enough yet.

Claim delivery

Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence

What it measures

Reliability of management and financial delivery, using financial behaviour only.

Confidence

Treat this as an early read until more concalls and outcomes are matched.

Investor use

Can support position sizing if valuation and trend also agree.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter

strong · holding, pledge, alignment

Cash flow

strong · profit to cash conversion

Balance sheet

strong · leverage and solvency

Discipline

strong · capital discipline

Results

strong · quarterly consistency

Trust positives

▸Promoter pledge is zero.
▸FCF yield is positive at 1.2%.
▸11 years of positive FCF.
▸Debt/equity is 0.05.

Trust risks

▸No major Trust Lite risk flags.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Compare Auto stocks Browse Indian stocks starting with F Explore fundamental stock screeners Browse Indian investment themes

Related companies

Jamna Auto Industries Limited (JAMNAAUTO)Sharda Motor Industries Limited (SHARDAMOTR)LG Balakrishnan & Bros Limited (LGBBROSLTD)SKF India Limited (SKFINDIA)Pricol Limited (PRICOLLTD)

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

Source: Bse

Open source ↗

Verify on:NSE India ↗

All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.

Fiem Industries Limited (FIEMIND)

Trend score and candlestick chart

Technical chart

Relative performance and chart statistics

What the evidence says now

Financials

Quarter ended 30 Jun 2026

Fundamentals

Valuation

Profitability

Growth (CAGR)

Balance Sheet

Cash Flow

Shareholding

Revenue

Net Profit

Technicals

Daily technical trend read

Relative Strength & Trend Stage

Valuation & peers

Fundamental score breakdown

Why this score?

Positive drivers

Main drags

Consumer valuation: PE/PEG and brand-quality premium

Stored run vs live recompute

Score history

Factor attribution

Modelled fair value

Comparable companies

Business, management & trust

Where growth can come from, and what can break the case

FY26 Revenue by Automotive Segment Product Mix

EV Segment Focus

In-house R&D & Design

Diversified Product Portfolio

Strong OEM Client Base

New R&D Electronics (EMC) Laboratory

Japan R&D Facilities Enhancement

Pune Design Centre

2W EV Market Growth

What management said, and what results must prove

Net Sales Growth (YoY)

EBITDA Margin

2-Wheeler Segment Contribution

OEMs (Domestic) Contribution

Innovation & Technology Focus

Operational Efficiency Drive

Enhanced Collaboration

Numbers and claims to verify in the next filings

How to read this Trust Score

Forensic breakdown

Trust positives

Trust risks

Continue researching Fiem Industries Limited

Important announcements & filings

Aug 2026 · PPT

Aug 2026 · Transcript

Jul 2026 · Announcement under Regulation 30 (LODR)-Demise 5h - Independent Director Rakesh Chand Jain died on July 7, 2026.

Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Jul - Copy of Notice of 37th AGM, E-Voting and Record Date, as published in Newspaper

Reg. 34 (1) Annual Report. 8 Jul

Jun 2026 · Transcript

Jun 2026 · PPT

Jun 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 5 Aug - Q1FY27 Earning Call on 13/08/2026 at 4.00 PM

Jun 2026 · Announcement under Regulation 30 (LODR)-Change in Directorate 31 Jul - 37th AGM approved re-designation and re-appointments of four promoter directors effective June 1, 2026 and April 1, 2027.

Jun 2026 · PPT

Announcement under Regulation 30 (LODR)-Newspaper Publication 22 Jun - Copy of Advance Notice published in Newspaper today.

Announcement under Regulation 30 (LODR)-Change in Management 30 May - FY26 audited results approved; Rs40 final dividend, AGM on July 31, and CEO Vineet Sahni resigns May 31.