FIEMIND

Fiem Industries share price & financials

Price
₹2,286.7
Market cap
₹5.8k Cr
Sector
Automobile and Auto Components
Calls analysed
7
Latest concall · Q1 FY27 · call held 13 Aug 2026

Fiem Industries Limited Q1 FY27

Revenue ₹769.9 cr +19%EBITDA ₹104.06 cr +19%EBITDA Margin 13.5% PAT ₹65.19 cr +16%

What went well

  • Revenue of INR 769.9 crores, up 18.62% YoY.
  • EBITDA margins remained stable at 13.5% (vs 13.46% last year).
  • PAT increased by 16.31% to INR 65.19 crores.

What to watch

  • Significant increase in input costs and weaker rupee impacting Q1.
  • 4-wheeler business scale-up is taking longer than expected, pushing meaningful contribution to FY28.
Read the full call →

What Fiem Industries Limited does

Fiem Industries designs and manufactures automotive lighting and signalling equipment (head lamps, tail lamps, blinker and fog lamps), rear-view mirrors, plastic moulded parts and sheet-metal/fabrication components, supplying two-wheeler and four-wheeler OEMs in India and abroad. It counts TVS, Honda, Yamaha, Suzuki, Royal Enfield, Hero MotoCorp, Tata Motors and Mahindra & Mahindra among its customers, and has recently begun supplying passenger-vehicle programs for Mahindra and export orders for Mercedes-Benz. Beyond automotive components, it makes LED luminaires and Integrated Passenger Information Systems (IPIS) with LED displays for railways and buses. The company runs backward-integrated, in-house R&D, design and testing facilities in India, Italy and Japan.

Segments

  • Automotive Segment
  • IPIS and LED Luminaires
Manufacturing facilities
9 units across India (Sonepat, Hosur x3, Nalagarh, Rai, Tapukara, Ahmedabad)
Rear-view mirror plants
6
Plastic injection-moulding plants
6, machines from 50 to 1,400 tonnes capacity
In-house R&D / Design Centres
3 — India (Sonepat, govt-recognised), Italy (Turin) and Japan (Shiki)
OEM customer base
more than 50 OEMs
Overseas subsidiaries/JV
Fiem Industries Japan Co. Ltd. (Japan, wholly-owned), Fiem Research and Technology s.r.l. (Italy, wholly-owned), Fiem Kyowa (HK) Mould Company Limited (Hong Kong, JV)
Founded 1989Headquarters Gurugram, Haryana Company website

Guidance record · Q1 FY27

what the last two calls moved 16 tracked 2 delivered 3 missed 11 open
  • 4-Wheeler Business Plan delivered said Q3 FY25 Promised: Present crystallized numbers/business plan 'after a year'. Q1 FY27: Promise to disclose crystallized numbers was fulfilled in Q4 FY26. No new updates.
  • Gogoro Partnership went quiet said Q3 FY25 Promised: Technology transfer to happen in the next couple of quarters. Q1 FY27: The Gogoro partnership was not mentioned.
  • EBITDA Margin at risk said Q3 FY25 Promised: Maintain a band of 13-13.5% over the next couple of years. Q1 FY27: Q1 margin was 13.5%, below the revised 14%+ target. Management acknowledged the dip due to costs but reiterated a full-year guidance of 'around 14%'.

All 16 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 17.6%, net profit up 12.1% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue612 593 639 659 715 +17%690 +16%751 +18%775 +18%
EBITDA81 78 85 89 99 +22%98 +26%110 +29%104 +17%
Net profit50 47 59 58 64 +28%63 +34%71 +20%65 +12%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −5.7% 1Y

₹2.0k₹2.2k₹2.4k₹2.6kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 13 Nov 2025Q3 FY26 — 12 Feb 2026Q4 FY26 — 5 Jun 2026Q1 FY27 — 13 Aug 2026

1Y: ₹2,130.2 on 10 Sept 2025 → ₹2,009.5. High ₹2,645.9 (12 Aug 2026), low ₹1,907 (30 Sept 2025).

How the price took the results

close before → close after

Q1 FY27
−8.8%
13 Aug
Q4 FY26
−1.4%
6 Jun
Q3 FY26
−5.8%
12 Feb
Q2 FY26
+1.1%
13 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 15.1% a year over 3 years, FY23 to FY26. Operating margin widened to 14.1%.

Year endingFY23FY24FY25FY26
Revenue₹1.8k Cr₹2.0k Cr₹2.4k Cr₹2.8k Cr
Operating profit₹248 Cr₹269 Cr₹323 Cr₹396 Cr
Operating margin13.4%13.3%13.3%14.1%
Interest₹8 Cr₹2 Cr₹0 Cr₹2 Cr
Depreciation₹64 Cr₹58 Cr₹64 Cr₹72 Cr
Net profit₹140 Cr₹165 Cr₹205 Cr₹256 Cr
Net margin7.6%8.1%8.5%9.1%
Cash from operations₹131 Cr₹135 Cr₹233 Cr₹161 Cr
Free cash flow₹76 Cr₹51 Cr₹132 Cr₹33 Cr
ROCE27.0%27.0%28.0%29.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹13 Cr₹13 Cr₹13 Cr₹26 Cr₹26 Cr₹26 Cr
Reserves₹556 Cr₹629 Cr₹748 Cr₹861 Cr₹1.1k Cr₹1.2k Cr
Borrowings₹77 Cr₹46 Cr₹24 Cr₹23 Cr₹62 Cr₹66 Cr
Other liabilities₹276 Cr₹361 Cr₹268 Cr₹308 Cr₹425 Cr₹420 Cr
Total liabilities₹922 Cr₹1.0k Cr₹1.1k Cr₹1.2k Cr₹1.6k Cr₹1.7k Cr
Fixed assets₹547 Cr₹508 Cr₹494 Cr₹496 Cr₹573 Cr₹604 Cr
Capital work in progress₹3 Cr₹1 Cr₹5 Cr₹5 Cr₹9 Cr₹15 Cr
Investments₹21 Cr₹77 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹351 Cr₹463 Cr₹554 Cr₹717 Cr₹985 Cr₹1.1k Cr
Total assets₹922 Cr₹1.0k Cr₹1.1k Cr₹1.2k Cr₹1.6k Cr₹1.7k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, promoters trimmed −4.45 pp while DIIs added +3.09 pp. The shareholder count grew 11% to 75,296.

Promoters
54.5%
FIIs
7.0%
DIIs
11.6%
Public
26.9%

Since Jun 2025

  • Promoters −4.45 pp
  • DIIs +3.09 pp
  • FIIs +2.35 pp

How it drifted, 12 quarters

Over this window promoters fell from 66.6% to 54.5% — −12.1 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 66.6%, FIIs 2.9%, DIIs 0.9%, Public 29.7%.Dec '23: Promoters 66.6%, FIIs 2.3%, DIIs 0.8%, Public 30.3%.Mar '24: Promoters 66.6%, FIIs 2.0%, DIIs 1.6%, Public 29.8%.Jun '24: Promoters 59.0%, FIIs 3.4%, DIIs 3.2%, Public 34.5%.Sep '24: Promoters 59.0%, FIIs 3.7%, DIIs 5.8%, Public 31.6%.Dec '24: Promoters 59.0%, FIIs 3.2%, DIIs 6.0%, Public 31.8%.Mar '25: Promoters 59.0%, FIIs 3.0%, DIIs 7.0%, Public 31.0%.Jun '25: Promoters 59.0%, FIIs 4.7%, DIIs 8.5%, Public 27.8%.Sep '25: Promoters 54.5%, FIIs 7.2%, DIIs 10.1%, Public 28.2%.Dec '25: Promoters 54.5%, FIIs 6.9%, DIIs 10.9%, Public 27.7%.Mar '26: Promoters 54.5%, FIIs 6.9%, DIIs 11.4%, Public 27.2%.Jun '26: Promoters 54.5%, FIIs 7.0%, DIIs 11.6%, Public 26.9%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Fiem Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Jagjeevan Kumar Jain 20.56%unchanged
Seema Jain 19.08%unchanged
HDFC Small Cap Fund Mutual fund8.72%+0.97 pp
Aanchal Jain 7.07%unchanged
Rahul Jain 7.07%unchanged
Fiem Applied Technologies Private Limited 0.64%unchanged
Jagjeevan Kumar Jain (Huf) . 0.09%unchanged
Asha Gupta 0.00%unchanged
Abhay Kumar Jain 0.00%unchanged
Lavanya Jain 0.00%unchanged
Agastya Vardhan Jain 0.00%unchanged
Paras Mal Lodha 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in FIEMIND

Filings to Jul 2026

0 new, 1 added, 0 trimmed, 0 sold out — net +0.31 L shares (+1.4%).

Held by funds
₹540 Cr
2 schemes
Biggest holder
HDFC Small Cap Fund
₹511 Cr · 1.2% of that fund
SchemeHoldingLast month
HDFC Small Cap Fund HDFC Mutual Fund₹511 Cr+0.31 L
HDFC Transportation and Logistics Fund HDFC Mutual Fund₹29 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Jul 2026

1 added, 0 trimmed — net +31,351 shares (+1.4%)

Funds are sitting on
+33%
vs est. average cost
Held by funds
₹540 Cr
2 schemes · ≈ 9.1% of the company
Biggest holder
HDFC Small Cap Fund
₹511 Cr · 1.2% of that fund

Shares held by these funds +387%

Aug '24 23.25 L shares Jul '26

What the price assumes

Attractive

To justify its price of ₹2010, this stock must grow earnings at 13% every year for 7 years. Our analysis caps realistic growth at ~22%. At that growth it is worth ₹3315 — upside of 65%.

Growth the price implies
12.6% a year
for 7 years, fading to 4%
It has actually compounded at
22.3% a year
net profit, FY23–FY26 · EPS 22.2%
The gap
-0.1 pp
65% downside if it only repeats history
Price today ₹2,009.5 Value at the reference growth ₹3,314.51

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Fiem Industries Limited

Guides on how to read this kind of business and the numbers that matter.