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Fiem Industries Limited
(FIEMIND)
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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)
Market Cap
₹43.90B
Dividend Yield2.4%
Average Volume (3M)3.21K
Price to Earnings (P/E)16.7
Beta (1Y)1.26
Revenue Growth17.11%
EPS Growth23.13%
CountryIN
Employees2,682
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)99.91
Shares Outstanding26,319,660
10 Day Avg. Volume3,188
30 Day Avg. Volume3,210
Financial Highlights & Ratios
PEG Ratio0.79
Price to Book (P/B)4.14
Price to Sales (P/S)1.79
P/FCF Ratio98.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)111.74
Revenue Forecast (FY)₹32.95B
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
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 29.25B | 28.16B | 24.23B | 20.15B | 18.34B | 15.58B |
| Gross Profit | 8.82B | 6.40B | 5.21B | 7.01B | 7.03B | 4.52B |
| EBITDA | 4.21B | 3.96B | 3.42B | 2.85B | 2.59B | 1.97B |
| Net Income | 2.63B | 2.56B | 2.05B | 1.66B | 1.40B | 941.61M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 17.01B | 14.24B | 12.18B | 10.53B | 10.49B |
| Cash, Cash Equivalents and Short-Term Investments | 2.79B | 2.80B | 2.98B | 2.06B | 1.83B | 1.45B |
| Total Debt | 0.00 | 655.51M | 220.91M | 231.15M | 238.27M | 470.69M |
| Total Liabilities | -12.15B | 4.86B | 3.86B | 3.32B | 2.92B | 4.06B |
| Stockholders Equity | 12.15B | 12.15B | 10.38B | 8.87B | 7.61B | 6.42B |
Cash Flow | ||||||
| Free Cash Flow | 374.64M | 512.27M | 1.19B | 505.91M | 757.15M | 729.57M |
| Operating Cash Flow | 946.45M | 1.81B | 2.49B | 1.35B | 1.31B | 922.54M |
| Investing Cash Flow | -421.17M | -1.17B | -1.02B | -686.41M | 385.03M | -737.48M |
| Financing Cash Flow | -802.69M | -839.87M | -550.50M | -431.31M | -549.53M | -606.08M |
Fiem Industries Limited Technical Analysis
Negative
2352.65
Price Trends
1943.12
Negative
2120.35
Negative
2139.04
Negative
Market Momentum
-63.96
Positive
35.52
Neutral
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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹1.42T | 59.44 | ― | 0.56% | 13.63% | -11.32% | |
68 Neutral | ₹123.92B | 62.77 | ― | 0.19% | 14.66% | 47.32% | |
67 Neutral | ₹43.90B | 16.66 | ― | 2.40% | 17.11% | 23.13% | |
60 Neutral | ₹139.19B | 38.39 | ― | 0.27% | 32.82% | 71.53% | |
60 Neutral | ₹632.90B | 52.78 | ― | 0.24% | 18.80% | 15.62% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹47.65B | 23.34 | ― | 1.08% | 28.77% | 36.46% |
* General Sector Average
IN:FIEMIND
Fiem Industries Limited
1,667.95
-393.34
-19.08%
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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.