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Last Updated: April 2, 2026, 2:54 am
Author: Getaka|Social: XLinkedIn

Fiem Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,510.42Overvalued by 23.52%vs CMP ₹1,975.00

P/E (21.6) × ROE (21.0%) × BV (₹410.00) × DY (1.52%)

₹1,182.34Overvalued by 40.13%vs CMP ₹1,975.00
MoS: -67% (Negative)Confidence: 58/100 (Moderate)Models: 1 Under, 1 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,826.1323%Fair (-7.5%)
Graham NumberEarnings₹923.6517%Over (-53.2%)
Earnings PowerEarnings₹509.0011%Over (-74.2%)
DCFCash Flow₹2,242.1011%Under (+13.5%)
Net Asset ValueAssets₹410.437%Over (-79.2%)
EV/EBITDAEnterprise₹1,149.969%Over (-41.8%)
Earnings YieldEarnings₹924.807%Over (-53.2%)
ROCE CapitalReturns₹439.057%Over (-77.8%)
Revenue MultipleRevenue₹920.816%Over (-53.4%)
Consensus (9 models)₹1,182.34100%Overvalued
Key Drivers: Wide model spread (₹410–₹2,242) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 20.9%

*Investments are subject to market risks

Investment Snapshot

77
Fiem Industries Ltd scores 77/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health88/100 · Strong
ROCE 27.8% ExcellentROE 21.0% ExcellentD/E 0.03 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money85/100 · Strong
FII holding up 3.94% (6mo) AccumulatingDII holding up 3.82% MF buyingPromoter holding at 54.5% Stable
Earnings Quality60/100 · Moderate
OPM stable around 13% SteadyWorking capital: 29 days (improving) Efficient
Quarterly Momentum68/100 · Strong
Revenue (4Q): +17% YoY GrowingProfit (4Q): +23% YoY Positive
Industry Rank90/100 · Strong
P/E 21.6 vs industry 36.1 Cheaper than peersROCE 27.8% vs industry 20.4% Above peersROE 21.0% vs industry 13.3% Above peers3Y sales CAGR: 16% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:54 am

Market Cap 5,197 Cr.
Current Price 1,975
Intrinsic Value₹1,182.34
High / Low 2,555/1,156
Stock P/E21.6
Book Value 410
Dividend Yield1.52 %
ROCE27.8 %
ROE21.0 %
Face Value 10.0
PEG Ratio1.03

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Fiem Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Fiem Industries Ltd 5,197 Cr. 1,975 2,555/1,15621.6 4101.52 %27.8 %21.0 % 10.0
Lumax Industries Ltd 4,493 Cr. 4,805 6,970/2,10025.8 8730.73 %16.4 %19.3 % 10.0
Varroc Engineering Ltd 7,309 Cr. 478 695/36529.4 1100.21 %17.1 %7.37 % 1.00
Uravi Defence & Technology Ltd 139 Cr. 122 588/10767.6 44.20.00 %%5.31 % 10.0
Industry Average4,284.50 Cr1,845.0036.10359.300.62%20.43%13.25%7.75

All Competitor Stocks of Fiem Industries Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 525442436475509487558578612593639659715
Expenses 453382376414441422483499532516554569616
Operating Profit 72606061686575798178858999
OPM % 14%14%14%13%13%13%13%14%13%13%13%14%14%
Other Income 2354454344966
Interest 2222000000000
Depreciation 16161614131516151616171719
Profit before tax 57454748585562666865777885
Tax % 28%30%19%26%25%26%25%26%26%27%24%26%25%
Net Profit 41323836434046495047595864
EPS in Rs 15.5012.1414.4613.5016.5315.4017.5618.5819.0617.8622.3621.8524.19

Last Updated: January 1, 2026, 7:36 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 1:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 7198249871,0151,2401,4491,3791,2211,5721,8482,0292,4232,704
Expenses 6317218598971,0991,2921,2231,0871,3781,5991,7602,1002,332
Operating Profit 88103127118141157157134194249269322372
OPM % 12%12%13%12%11%11%11%11%12%13%13%13%14%
Other Income 111-98110311162025
Interest 141216232322181297322
Depreciation 22313339444953575963596471
Profit before tax 5361794682878765129189223276324
Tax % 29%30%28%28%36%35%9%28%26%26%26%26%
Net Profit 374257335356754794140166205243
EPS in Rs 15.6017.7723.9912.5719.9821.1628.3517.7535.8053.1762.9677.8692.48
Dividend Payout % 19%20%17%32%23%28%23%45%28%28%32%39%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)13.51%35.71%-42.11%60.61%5.66%33.93%-37.33%100.00%48.94%18.57%23.49%
Change in YoY Net Profit Growth (%)0.00%22.20%-77.82%102.71%-54.95%28.27%-71.26%137.33%-51.06%-30.36%4.92%

Fiem Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:11%
5 Years:12%
3 Years:16%
TTM:17%
Compounded Profit Growth
10 Years:17%
5 Years:22%
3 Years:29%
TTM:18%
Stock Price CAGR
10 Years:25%
5 Years:48%
3 Years:42%
1 Year:34%
Return on Equity
10 Years:17%
5 Years:18%
3 Years:20%
Last Year:21%

Last Updated: September 5, 2025, 3:55 am

Balance Sheet

Last Updated: December 4, 2025, 1:14 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 12121213131313131313262626
Reserves 1852152613974364645125566297488611,0121,054
Borrowings 119117140225159171127774624232262
Other Liabilities 139157246234327314269276361268308363425
Total Liabilities 4555016598709359639209221,0491,0531,2181,4241,567
Fixed Assets 313334416479554564591547508494496553573
CWIP 0512671103155209
Investments 0008619252121770000
Other Assets 142162231298355362308351463554717850985
Total Assets 4555016598709359639209221,0491,0531,2181,4241,567

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 77821224612512120713692131135233
Cash from Investing Activity + -41-59-108-198-44-80-46-15-7439-69-86
Cash from Financing Activity + -36-22-13173-102-38-118-57-61-55-43-55
Net Cash Flow 01121-2124363-421152392
Free Cash Flow 362313-70947160116737651132
CFO/OP 100%94%111%52%100%89%145%115%66%78%73%94%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-31.00-14.00-13.00-107.00-18.00-14.0030.0057.00148.00225.00246.00300.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 393844434237202441283537
Inventory Days 353842646960565768576057
Days Payable 6565969410876738397535656
Cash Conversion Cycle 911-10133204-312313937
Working Capital Days -19-19-18-21-6-0-9-159233729
ROCE %22%22%25%16%16%17%16%12%21%27%27%28%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 66.56%66.56%66.56%66.56%66.56%58.96%58.96%58.96%58.96%58.96%54.51%54.51%
FIIs 3.92%3.94%2.90%2.32%1.99%3.41%3.70%3.22%2.99%4.68%7.19%6.93%
DIIs 0.80%0.81%0.86%0.80%1.65%3.18%5.77%6.04%7.05%8.51%10.05%10.87%
Public 28.73%28.68%29.68%30.30%29.78%34.45%31.56%31.77%30.98%27.83%28.23%27.68%
No. of Shareholders 40,36942,17047,96650,28763,85366,47869,66072,85872,09567,89171,85075,786

Shareholding Pattern Chart

No. of Shareholders

Fiem Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Small Cap Fund 1,822,718 1.07 395.581,730,9982026-02-23 03:29:505.3%
Bank of India Small Cap Fund 214,000 2.54 46.44146,0002026-01-26 07:41:4446.58%
HDFC Transportation and Logistics Fund 125,000 1.6 27.13N/AN/AN/A
ITI Multi Cap Fund 84,947 1.42 18.4476,4972026-02-22 17:59:2611.05%
ITI Flexi Cap Fund 81,146 1.41 17.6182,2762026-02-22 17:59:26-1.37%
Navi Flexi Cap Fund 20,000 1.72 4.348,5002026-01-26 01:40:09135.29%
Bank of India Multi Asset Allocation Fund 17,600 1.15 4.05N/AN/AN/A
Navi Aggressive Hybrid Fund 7,000 1.38 1.52N/AN/AN/A
Shriram Flexi Cap Fund 3,080 0.51 0.67N/AN/AN/A
Navi Large & Midcap Fund 3,000 0.22 0.65N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 77.8662.96106.2671.5535.48
Diluted EPS (Rs.) 77.8662.96106.2671.5535.48
Cash EPS (Rs.) 102.2985.29154.46117.2679.14
Book Value[Excl.RevalReserv]/Share (Rs.) 394.45336.98578.40488.02432.64
Book Value[Incl.RevalReserv]/Share (Rs.) 394.45336.98578.40488.02432.64
Revenue From Operations / Share (Rs.) 920.46770.821404.321194.74927.94
PBDIT / Share (Rs.) 128.54108.15197.15149.36104.10
PBIT / Share (Rs.) 104.1285.87148.97104.5360.61
PBT / Share (Rs.) 104.9684.75143.3398.0049.35
Net Profit / Share (Rs.) 77.8863.00106.2972.4235.65
NP After MI And SOA / Share (Rs.) 77.8662.96106.2671.5535.48
PBDIT Margin (%) 13.9614.0314.0312.5011.21
PBIT Margin (%) 11.3111.1310.608.746.53
PBT Margin (%) 11.4010.9910.208.205.31
Net Profit Margin (%) 8.468.177.566.063.84
NP After MI And SOA Margin (%) 8.458.167.565.983.82
Return on Networth / Equity (%) 19.7318.6818.3714.668.20
Return on Capital Employeed (%) 25.1524.1123.9119.3312.14
Return On Assets (%) 14.3913.5913.278.985.06
Long Term Debt / Equity (X) 0.000.000.000.010.03
Total Debt / Equity (X) 0.000.000.000.030.03
Asset Turnover Ratio (%) 1.831.791.761.591.32
Current Ratio (X) 2.472.462.281.541.23
Quick Ratio (X) 1.771.741.530.990.79
Inventory Turnover Ratio (X) 11.076.546.216.495.98
Dividend Payout Ratio (NP) (%) 25.6823.8218.8222.368.45
Dividend Payout Ratio (CP) (%) 19.5517.5912.9513.743.79
Earning Retention Ratio (%) 74.3276.1881.1877.6491.55
Cash Earning Retention Ratio (%) 80.4582.4187.0586.2696.21
Interest Coverage Ratio (X) 219.2196.8834.9122.8811.77
Interest Coverage Ratio (Post Tax) (X) 131.3857.4319.8212.095.30
Enterprise Value (Cr.) 3403.032795.121875.531137.29643.76
EV / Net Operating Revenue (X) 1.401.381.010.720.52
EV / EBITDA (X) 10.069.827.235.794.70
MarketCap / Net Operating Revenue (X) 1.531.481.110.750.59
Retention Ratios (%) 74.3176.1781.1777.6391.54
Price / BV (X) 3.573.382.701.841.29
Price / Net Operating Revenue (X) 1.531.481.110.750.59
EarningsYield 0.050.050.060.070.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

FIEM Industries Ltd. is a Public Limited Listed company incorporated on 06/02/1989 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L36999DL1989PLC034928 and registration number is 034928. Currently Company is involved in the business activities of Manufacture of electric lighting equipment. Company's Total Operating Revenue is Rs. 2422.20 Cr. and Equity Capital is Rs. 26.32 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Auto Ancl - Equipment LampUnit No. 1A & 1C, First Floor, Commercial Towers, New Delhi Delhi 110037Contact not found
Management
NamePosition Held
Mr. J K JainChairman & Managing Director
Mr. Rahul JainJoint Managing Director
Mr. Rajesh SharmaJoint Managing Director
Mr. Kashi Ram YadavWhole Time Director
Ms. Aanchal JainWhole Time Director
Mr. Vineet SahniDirector & CEO
Mrs. Seema JainWhole Time Director
Mr. Rakesh Chand JainIndependent Director
Mr. Satinder ManochaIndependent Director
Mr. Sanjiv Rai MehraIndependent Director
Mrs. Rita AroraIndependent Director
Ms. Shobha KhatriIndependent Director
Mr. Pawan Kumar JainIndependent Director
Mr. Pradeep BhagatIndependent Director

FAQ

What is the intrinsic value of Fiem Industries Ltd and is it undervalued?

As of 19 April 2026, Fiem Industries Ltd's intrinsic value is ₹1182.34, which is 40.13% lower than the current market price of ₹1,975.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (21.0 %), book value (₹410), dividend yield (1.52 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Fiem Industries Ltd?

Fiem Industries Ltd is trading at ₹1,975.00 as of 19 April 2026, with a FY2026-2027 high of ₹2,555 and low of ₹1,156. The stock is currently in the middle of its 52-week range. Market cap stands at ₹5,197 Cr..

How does Fiem Industries Ltd's P/E ratio compare to its industry?

Fiem Industries Ltd has a P/E ratio of 21.6, which is below the industry average of 36.10. This is broadly in line with or below the industry average.

Is Fiem Industries Ltd financially healthy?

Key indicators for Fiem Industries Ltd: ROCE of 27.8 % indicates efficient capital utilization; ROE of 21.0 % shows strong shareholder returns. Dividend yield is 1.52 %.

Is Fiem Industries Ltd profitable and how is the profit trend?

Fiem Industries Ltd reported a net profit of ₹205 Cr in Mar 2025 on revenue of ₹2,423 Cr. Compared to ₹94 Cr in Mar 2022, the net profit shows an improving trend.

Does Fiem Industries Ltd pay dividends?

Fiem Industries Ltd has a dividend yield of 1.52 % at the current price of ₹1,975.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Fiem Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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