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Fiem Industries Limited (FIEMIND) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹58.7B

FI Fiem Industries Limited FIEMIND · NSE
Price₹2,646
Fair Value₹1,584
Upside-40.1%
Quality56/100
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Expensive Growth
Thin margins · 9.0% net margin
Low debt · generates free cash flow
Ranks above peers (9/14)
Wide moat 65/100
Evidence: High Range ₹864.73 – ₹2,832 Share as image

Fair value as of: Aug 2, 2026

From 26 valuation models · updated 11 days ago

Fair value updated Aug 2, 2026, revised from ₹1,886 to ₹1,584 (−16.0%) since Jun 29, 2026. Share price +18.3% over the past month.

A solid business, but screening 40% overvalued on our models.

What matters now

  • The model range is unusually wide (₹864.73 to ₹2,832). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹2,646 ₹250.10 Fair Value ₹1,584 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹250.10 – ₹2,646 · fair‑value band ₹864.73 – ₹2,832 · the ₹2,646 price screens above the ₹1,584 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.

Full chart & analysis →

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Analysis

Fiem Industries Limited (FIEMIND) currently trades at ₹2,646, while our model-based Fair Value estimate is ₹1,584, implying the stock looks roughly 40.1% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Fiem Industries Limited generated revenue of ₹28.4B at a net margin of 9.0%. Revenue grew 17.4% year over year. It earns a return on equity of 22.7%. The balance sheet holds a net cash position of ₹2.1B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹864.73 (bear case) to ₹2,832 (bull case); at ₹2,646, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 47% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at -40%, FIEMIND screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹372.62 ₹638.19 ₹1,052 80
Residual Income ₹644.66 ₹856.90 ₹3,830 76
Rev-Margin DCF ₹823.29 ₹1,554 ₹2,562 74
All 26 models by family
DCF Models
FCF DCF ₹379.06 ₹621.68 ₹1,165 38
Owner Earnings ₹1,163 ₹2,217 ₹4,207 31
5Y Revenue Exit ₹823.29 ₹1,598 ₹2,722 39
5Y EBITDA Exit ₹1,081 ₹2,162 ₹3,611 41
5Y P/E Exit ₹1,245 ₹2,521 ₹4,084 38
10Y Revenue Exit ₹646.27 ₹1,346 ₹2,562 36
10Y EBITDA Exit ₹854.65 ₹1,774 ₹3,352 37
10Y P/E Exit ₹965.97 ₹2,046 ₹3,772 35
Earnings-Based
Graham-Dodd ₹660.33 ₹3,720 ₹5,168 54
Lynch FV ₹1,043 ₹1,490 ₹1,937 50
PEG = 1.0 ₹1,043 ₹1,490 ₹1,937 46
EPV ₹965.97 ₹1,109 ₹1,235 59
Dividend Discount
Gordon GGM ₹275.45 ₹572.73 ₹908.57 70
DDM Multi-Stage ₹275.45 ₹482.94 ₹601.09 61
Multiples
P/E Multiple ₹1,602 ₹2,136 ₹2,670 63
P/S Multiple ₹962.80 ₹1,284 ₹1,605 58
P/B Multiple ₹1,238 ₹1,651 ₹2,064 55
EV/EBIT ₹1,765 ₹2,318 ₹2,871 53
EV/EBITDA ₹1,460 ₹1,911 ₹2,363 54
EV/Revenue ₹1,005 ₹1,390 ₹1,775 43
Asset-Based
NCAV (Graham) ₹230.82 ₹309.30 ₹461.64 50
Growth DCF
Growth DCF ₹372.62 ₹638.19 ₹1,052 80
Rev-Margin DCF ₹823.29 ₹1,554 ₹2,562 74
Economic Profit
Residual Income ₹644.66 ₹856.90 ₹3,830 76
ROIC Compounder ₹1,126 ₹1,525 ₹2,065 72
Growth Earnings
Growth-Adj P/E ₹1,595 ₹2,279 ₹2,962 68

Widest divergence: Growth Earnings (₹2,279) versus Asset-Based (₹309.30). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹28.4B
Revenue growth (YoY) +17.4%
Net margin 9.0%
Return on equity 22.7%
Free cash flow ₹512M FY2026
P/E ratio 23.0
More key figures
Operating margin 12.3%
EPS (TTM) ₹97.19
EPS growth (YoY) +20.7%
Net cash ₹2.1B FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 56 · Market factors (momentum, volatility) 73

Profitability 75
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 17
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 38
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 62
Price trend over the last 3–12 months (market factor)
52W Momentum 89
Distance to the 52-week high (market factor)
Net Issuance 50
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Fiem Industries Limited manufactures and supplies automotive lighting and signaling equipment, rear view mirrors, prismatic mirror, plastic moulded parts, bank angle sensor, canister, and sheet metal components for motorized vehicles in India and internationally. The company operates through Automotive and Others segments.

Full company description

Fiem Industries Limited manufactures and supplies automotive lighting and signaling equipment, rear view mirrors, prismatic mirror, plastic moulded parts, bank angle sensor, canister, and sheet metal components for motorized vehicles in India and internationally. The company operates through Automotive and Others segments. It offers LED and conventional head, tail, blinker, fog lamps, warning triangles, and interior lamps. In addition, the company manufactures and supplies plastic finished parts for two-wheelers, including front and rear fenders, floor panels, side covers, handlebars, seat bases, and others; and sheet metal parts, canisters, bank angle sensors, moulds, etc., as well as front and rear mudguards for motorcycles and mopeds. Further, it offers LED luminaries comprising of indoor and outdoor lighting, display panels, and integrated passengers information system. The company serves original equipment manufacturers. Fiem Industries Limited was incorporated in 1989 and is headquartered in New Delhi, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Fiem Industries Limited reported revenue of ₹28.2B in FY2026 versus ₹15.6B in FY2022, a compound +15.9%/yr. Reported net income was ₹2.6B in FY2026, compounding +28.4%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹28.2B
Latest YoY
+16.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.4%
Avg. growth/yr (20Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.9%
Revenue +15.9%/yr
FY22 ₹15.6B
FY23 ₹18.3B
FY24 ₹20.2B
FY25 ₹24.2B
FY26 ₹28.2B
Net income +28.4%/yr
FY22 ₹942M
FY23 ₹1.4B
FY24 ₹1.7B
FY25 ₹2.0B
FY26 ₹2.6B
Character of growth · EPS growth decomposed (2015-2026) +8.9 % p.a.
Revenue per share +1.9 pp

of which total revenue +11.1 pp · buybacks/dilution −9.2 pp

EBIT margin +3.0 pp
Tax rate +0.5 pp
Residual (interest, one-offs) +3.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

FIEMIND screens 40% overvalued. Compare with Hyundai Mobis Co →

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Cite: Fair Value Calculator (2026). "Fiem Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/FIEMIND

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Auto Parts · 643 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 56 · Above median
Fair Value upside −40% · Below median
Return on equity (TTM) 23% · Top 25%
Return on assets 14% · Top 25%
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 12% · Top 25%
Revenue growth 17% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 23.0× · Cheaper than median
P/B 4.83× · Pricier than 75% of peers
P/S (TTM) 2.07× · Pricier than median
P/FCF 1.2× · Cheaper than median
EV/EBITDA 13.4× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 17
FUTURE 87 · sector 24
PAST 91 · sector 26
HEALTH 100 · sector 95
DIVIDEND 0 · sector 30

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

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Magna International Inc MGAN 1,122 MXN 1,172 MXN +4%
Samvardhana Motherson International Limited MOTHERSON ₹144.17 ₹80.63 -44%
Bosch Limited BOSCHLTD ₹41,110 ₹14,004 -66%
Bharat Forge Limited BHARATFORG ₹2,117 ₹441.74 -79%
Uno Minda Limited UNOMINDA ₹1,158 ₹426.57 -63%
Schaeffler India Limited SCHAEFFLER ₹4,135 ₹1,412 -66%
Hankook Tire & Technology Co 161390 73,600 KRW 196,479 KRW +167%
MRF Limited MRF ₹131,025 ₹125,849 -4%
Sona BLW Precision Forgings Limited SONACOMS ₹792.00 ₹207.06 -74%

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Frequently asked questions

Is Fiem Industries Limited (FIEMIND) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹1,584 versus a price of ₹2,646, about −40% (overvalued).
What is the fair value of FIEMIND?
Our model-based fair value for Fiem Industries Limited is ₹1,584 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹2,646.
What is the quality score of FIEMIND?
Fiem Industries Limited has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Fiem Industries Limited (FIEMIND)?
Fiem Industries Limited reported trailing-twelve-month revenue of about ₹28.4B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of FIEMIND?
The net profit margin of Fiem Industries Limited is about 9.0%, meaning it keeps roughly 9.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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