Company Overview

Fiem Industries Limited (FIEM) was founded and incorporated in 1989 by Mr. J.K. Jain. The company was listed on BSE and NSE in 2006. FIEM is one of the leading manufacturers of Automotive Lighting & Signalling Equipment and Rear View Mirrors in India, and was among the first companies in India to introduce LED lights in two-wheelers.

Product Portfolio

Automotive Segment:

  • Automotive Lighting (Head lamps, Tail Lamps, Blinker lamps, Fog lamps)
  • Canister
  • Rear View Mirrors
  • Bank (Lean) Angle Sensor
  • Sheet Metal Parts
  • Plastic Moulded Parts
  • Moulds, Tools and Zig Fixtures

LED Segment:

  • LED Luminaires for Indoor and Outdoor applications
  • Integrated Passenger Information System with LED Display (IPIS)

Client Base

Two Wheeler: TVS, Honda, Yamaha, Suzuki, Royal Enfield, Harley Davidson, Hero Motocorp, Piaggio

Four Wheeler: Tata Motors, Mahindra & Mahindra, Force Motors, Ashok Leyland, Hyundai

Financial Performance (Standalone)

Q1FY27 Financials:

  • Net Sales: ₹7,699 million
  • EBITDA: ₹1,041 million
  • EBITDA Margin: 13.52%
  • PAT: ₹652 million
  • PAT Margin: 8.47%
  • EPS: ₹24.77

Historical Growth (FY21-FY26):

  • Net Sales grew from ₹12,075 million in FY21 to ₹27,906 million in FY26 at 5-year CAGR of 18.24%
  • EBITDA grew from ₹1,338 million in FY21 to ₹3,933 million in FY26 at 5-year CAGR of 24.07%

Balance Sheet Highlights (Standalone as of March 31, 2026)

Assets:

  • Total Assets: ₹16,945 million
  • Property, Plant and Equipment: ₹5,306 million
  • Right of Use Assets: ₹687 million
  • Inventories: ₹2,668 million
  • Trade Receivables: ₹3,882 million
  • Cash and Cash Equivalents: ₹2,764 million

Liabilities & Equity:

  • Total Equity: ₹12,095 million
  • Equity Share Capital: ₹263 million
  • Trade Payables: ₹2,883 million
  • Zero borrowings (no debt)

Management Updates

Board Re-designations effective June 01, 2026:

  • Mr. J.K. Jain re-designated as Executive Chairman from Chairman & MD
  • Mr. Rahul Jain elevated as Managing Director
  • Ms. Aanchal Jain re-designated as Joint Managing Director
  • Mr. Rajesh Sharma continues as Joint Managing Director
  • Mr. Kashi Ram Yadav continues as Whole-time Director

Operational Highlights

Manufacturing Facilities:

  • 9 manufacturing plants across India: Kundli, Hosur (3 units), Mysore, Nalagarh, Rai, Tapukara, Ahmedabad
  • Government approved R&D Centre with NABL Accredited Photometry Laboratory
  • Design Centres in India (Hosur, Pune), Italy, and Japan
  • New R&D Electronics (EMC) Laboratory, Innovation Centre & Corporate Office at Gurugram established in 2025

Subsidiaries and JVs:

  • Wholly-owned Subsidiaries: Fiem Industries Japan Co., Ltd. (Japan), Fiem Research and Technology s.r.l (Italy)
  • JV Company: Fiem Kyowa (HK) Mould Company Limited (Hong Kong)

Business Focus:

  • Strong focus on Electric Vehicle segment with first-mover advantage working with all major EV OEMs in India
  • Diversified product portfolio including LED lighting solutions, Rear View Mirrors, and Plastic Parts
  • Exporting to Honda Japan, Harley Davidson (USA & Thailand), Kubota Japan, and other OEMs in Austria, UK, Germany, Thailand, Indonesia & Vietnam