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Fiem Industries Limited (IN:FIEMIND)
:FIEMIND
India Market
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Fiem Industries Limited (FIEMIND) AI Stock Analysis

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IN:FIEMIND

Fiem Industries Limited

(FIEMIND)

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Neutral 67 (OpenAI - Gpt-5.6Sol)
Rating:67Neutral
Price Target:
₹2,088.00
▼(-11.25% Downside)
Action:Downgraded
Date:10/13/26
The score is driven primarily by solid financial performance (strong balance sheet, steady growth) and reasonable valuation (P/E ~17.3 with a ~2.32% dividend yield). These positives are tempered by weak technicals—price below key moving averages with bearish momentum—along with variability in cash flow and free cash flow.
Positive Factors
Revenue and earnings growth
Continued revenue growth alongside higher net income indicates that the company is expanding its operating base while converting demand into stronger earnings. This supports reinvestment, reinforces relationships with vehicle OEMs, and provides a durable foundation for growth over the next several quarters.
Negative Factors
Volatile cash generation
Positive cash generation has not been consistently stable, and the sharp year-over-year free-cash-flow decline shows that working-capital or investment timing can materially affect liquidity. Persistent variability could constrain internally funded expansion and make cash planning less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and earnings growth
Continued revenue growth alongside higher net income indicates that the company is expanding its operating base while converting demand into stronger earnings. This supports reinvestment, reinforces relationships with vehicle OEMs, and provides a durable foundation for growth over the next several quarters.
Read all positive factors

Fiem Industries Limited (FIEMIND) vs. iShares MSCI India ETF (INDA)

Fiem Industries Limited Business Overview & Revenue Model

Company Description
Fiem Industries Limited, identified by the ticker FIEMIND.NS, is an Indian manufacturing firm established in 1989 and headquartered in New Delhi. The company specializes in producing and distributing a wide array of components for the automotive s...
How the Company Makes Money
FIEM Industries makes money primarily by manufacturing and selling automotive lighting and signaling components and related assemblies to vehicle OEMs (and where applicable, their tiered supply chains). Its revenue model is business-to-business, w...

Fiem Industries Limited Financial Statement Overview

Summary
Strong fundamentals overall: steady revenue growth and higher net income, backed by a conservatively financed balance sheet with very low leverage and rising equity. The main offsets are margin pressure noted in prior years and inconsistent cash generation, with operating cash flow and free cash flow showing meaningful volatility and a notable drop in free cash flow in 2026 versus 2025.
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
62
Positive
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue29.25B28.16B24.23B20.15B18.34B15.58B
Gross Profit8.82B6.40B5.21B7.01B7.03B4.52B
EBITDA4.21B3.96B3.42B2.85B2.59B1.97B
Net Income2.63B2.56B2.05B1.66B1.40B941.61M
Balance Sheet
Total Assets0.0017.01B14.24B12.18B10.53B10.49B
Cash, Cash Equivalents and Short-Term Investments2.79B2.80B2.98B2.06B1.83B1.45B
Total Debt0.00655.51M220.91M231.15M238.27M470.69M
Total Liabilities-12.15B4.86B3.86B3.32B2.92B4.06B
Stockholders Equity12.15B12.15B10.38B8.87B7.61B6.42B
Cash Flow
Free Cash Flow374.64M512.27M1.19B505.91M757.15M729.57M
Operating Cash Flow946.45M1.81B2.49B1.35B1.31B922.54M
Investing Cash Flow-421.17M-1.17B-1.02B-686.41M385.03M-737.48M
Financing Cash Flow-802.69M-839.87M-550.50M-431.31M-549.53M-606.08M

Fiem Industries Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price2352.65
Price Trends
50DMA
1943.12
Negative
100DMA
2120.35
Negative
200DMA
2139.04
Negative
Market Momentum
MACD
-63.96
Positive
RSI
35.52
Neutral
STOCH
5.71
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:FIEMIND, the sentiment is Negative. The current price of 2352.65 is above the 20-day moving average (MA) of 1788.52, above the 50-day MA of 1943.12, and above the 200-day MA of 2139.04, indicating a bearish trend. The MACD of -63.96 indicates Positive momentum. The RSI at 35.52 is Neutral, neither overbought nor oversold. The STOCH value of 5.71 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:FIEMIND.

Fiem Industries Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
69
Neutral
₹1.42T59.44―0.56%13.63%-11.32%
68
Neutral
₹123.92B62.77―0.19%14.66%47.32%
67
Neutral
₹43.90B16.66―2.40%17.11%23.13%
60
Neutral
₹139.19B38.39―0.27%32.82%71.53%
60
Neutral
₹632.90B52.78―0.24%18.80%15.62%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
53
Neutral
₹47.65B23.34―1.08%28.77%36.46%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:FIEMIND
Fiem Industries Limited
1,667.95
-393.34
-19.08%
IN:BOSCHLTD
Bosch Limited
47,981.25
11,022.29
29.82%
IN:LUMAXIND
Lumax Industries Limited
5,097.75
228.60
4.69%
IN:LUMAXTECH
Lumax Auto Technologies Limited
2,042.15
910.73
80.49%
IN:UNOMINDA
UNO Minda Limited
1,096.00
-124.06
-10.17%
IN:VARROC
Varroc Engineering Limited
811.05
199.55
32.63%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 13, 2026