FIEM Industries Ltd. share price target and research reports

Name: Latest research reports of FIEM Industries Ltd. authored by Monarch Networth Capital Limited and published by - Trendlyne research reports.
Item: FIEM Industries Ltd.
Rating: 5
Author: Monarch Networth Capital Limited

Latest analyst research reports with target prices and PDF download for FIEMIND, BSE:532768 FIEM Industries Ltd.

FIEM Industries Ltd.

05 Jul 2021

2093.80

0.22%

Fiem Industries - Ready to take on new challenges

Buy: FIEM Industries Ltd.

Monarch Networth Capital Limited

Outlook: With utilisation stable at ~75% since 2QFY21, we feel that HMSI's elongated maintenance shutdown in 3QFY21 was the prime reason for Fiem's revenue decline in FY21. Fiem's 4QFY21 production performance has been resilient and while due to the second lockdown, 1QFY22 is expected to be a dampener for the entire auto industry, we feel 2-wheelers demand remains a long-term positive story. With a...

Number of FII/FPI investors increased from 98 to 107 in Jun 2025 qtr.

FIEM Industries Ltd.

25 Feb 2021

2093.80

0.22%

FIEM Industries - Company Update - Taking a shine to deleveraging

Buy: FIEM Industries Ltd.

Target

Monarch Networth Capital Limited

Outlook: With utilisation stable at ~70-75% since 2QFY21, we feel that HMSI's elongated maintenance shutdown was the prime reason for this stagnation and it should climb higher from 4QFY21 onwards. FIEM's orders from Piaggio are fully LED and this trend should further boost the shift from halogen to LED. The AFI JV staying in positive territory is a good sign for the future. While we maintain our view that FIEM is aggressively trying to grab market share by supplying to new models of existing clients, new sizeable 2W clients and entry into 4Ws will be the key triggers for Fiem's next leg of the growth story....

FIEM Industries Ltd. has gained 58.32% in the last 6 Months

FIEM Industries Ltd.

19 Feb 2021

2093.80

0.22%

FIEM Industries Ltd

Buy: FIEM Industries Ltd.

AUM Capital

FIEM industries Ltd., is one of the leading manufacturers of automotive lighting & signaling equipment and rear view mirrors in India and its major business comes from the two wheeler segment (96% in FY20) of the automotive components industry. FIEM has diversified into LED Luminaries for indoor and outdoor applications and integrated passenger information system with LED display (IPIS). The company has 9 manufacturing facilities located close to OEM...

Number of FII/FPI investors increased from 98 to 107 in Jun 2025 qtr.

FIEM Industries Ltd.

17 Nov 2020

2093.80

0.22%

FIEM Industries - Company Update - Spreading brightness in ambiguous times

Buy: FIEM Industries Ltd.

Recommendation Target

Monarch Networth Capital Limited

We change our rating to BUY from ACCUMULATE with a revised TP of Rs670 (Rs650 earlier). FIEM's 2QFY21 performance has been outstanding on the EBITDA margin front and the Aisan Fiem Automotive India (AFI) JV also turned positive for the first time contributing positively to FIEM's PAT. As promised, the management continued its debt repayment of ~Rs100mn per quarter, started supplying to new models and continued to bag new orders. The management is being extremely prudent with its low capital expenditure and the company is on the right track to diversify its OEM client base. We feel that while 2QFY21 was buoyed by festive months too, the overall...

FIEM Industries Ltd. is trading above all available SMAs

FIEM Industries Ltd.

04 Sep 2020

2093.80

0.22%

FIEM Industries - Company Update - Fearless debt servicing, the new normal

Accumulate: FIEM Industries Ltd.

Recommendation Target

Monarch Networth Capital Limited

It is the sheer grit of the management to diligently repay its long-term debt in this environment while bagging new global orders. Fiem's 1QFY21 results were a one-off arising from zero production in April and slow pick-up amidst lockdown. We still feel that the management is being extremely prudent with its low capital expenditure and cash conservation. In our view, the company is on the right track to diversify its OEM client base and greater personal mobility should provide an early advantage to two-wheelers. We give an ACCUMULATE rating with a revised TP of Rs650. Gross Margin slips: The top line declined by 81% YoY to Rs67mn in Q1FY21. The...

FIEM Industries Ltd. has gained 58.32% in the last 6 Months

FIEM Industries Ltd.

06 Jul 2020

2093.80

0.22%

FIEM Industries - Company Update - Improving working capital cycle; expect better capital allocation

Buy: FIEM Industries Ltd.

Target

Monarch Networth Capital Limited

INDIA l Institutional Research l Automobile l July 6, 2020 Fiem Industries l BUY l TP: 524 Improving working capital cycle; expect better capital allocation | Result Update 4QFY20 Fiem's Q4FY20 results were encouraging in terms of margin stability and good cost control displayed by the company in a prolonged slowdown. We feel that the management is being prudent in lowering CAPEX and conserving cash and in turn focussing on debt repayment in these unprecedented times. The plan to diversify revenue stream and product portfolio are intact, though with a perceptible lag due...

FIEM Industries Ltd. has gained 58.32% in the last 6 Months

FIEM Industries Ltd.

06 Jun 2019

2093.80

0.22%

Fiem Industries Limited

Buy: FIEM Industries Ltd.

Monarch Networth Capital Limited

INDIA l Institutional Research l Automobile l June 6, 2019 Fiem Industries l BUY l TP: 620 Strong clientele, LED shift, BS-VI, new alliances to illuminate growth path Fiem Industries (FIEM), one of the leading Indian manufacturers of automotive lighting & signalling equipment and rear-view mirrors, is largely focused on 2wheeler (2W) industry with HMSI and TVS Motor as major clients. Notably, the company's ten-year sales CAGR is almost double of 2W industry volume CAGR. FIEM is all set to continue its growth momentum owing to the emergence of newer trends like the shift towards LED & increased focus on safety, BSVI implementation, its...

FIEM Industries Ltd. has gained 58.32% in the last 6 Months

FIEM Industries Ltd.

06 Jun 2019

2093.80

0.22%

Fiem Industries - Initiating Coverage - The lights are getting brighter by the day MNCL 06/06/2019

Buy: FIEM Industries Ltd.

Monarch Networth Capital Limited

FIEM Industries Ltd. is trading above all available SMAs

FIEM Industries Ltd.

25 Mar 2019

2093.80

0.22%

FIEM Ind

Buy: FIEM Industries Ltd.

Kotak Securities

Due to weak demand and high inventory, the two wheeler manufacturers are expected to cut production in the near term and that will likely keep FIEM's growth subdued in the near term. However, we expect demand would likely pickup in 2HFY20 supported by weak base and pre-buying ahead of BSVI implementation. In our view, continued LED transition will drive revenue growth for FIEM in FY20. Our recent interaction with auto ancillary players supplying automotive lighting to the auto industry pointed towards higher penetration of LED content in automotive lighting going forward. With stability in input cost...

FIEM Industries Ltd. has gained 58.32% in the last 6 Months

FIEM Industries Ltd.

22 Nov 2018

2093.80

0.22%

Fiem Industries Ltd. - Q2FY19 Result Update - Dismal operational performance

Buy: FIEM Industries Ltd.

Target

Religare

Fiem Industries Ltd (Fiem) reported weak set of numbers in Q2FY19, which was below our estimates. While revenue growth was healthy at 20.8% YoY, the operating profit grew at meagre 5.6% YoY as margins declined 145bps during the quarter. Further, dismal operational performance and lower other income led to net profit growth of 3% YoY.

FIEM Industries Ltd. is trading above all available SMAs

Is FIEM Industries Ltd. worth buying?

149 Votes:

Buy 75.84%

Sell 13.42%

Hold 10.74%