Review

FIEM INDUSTRIES LTD.

Ticker : 532768
FV: ₹ 10
52-Week H/L: ₹ 1377.60/526.95

We had recommended Fiem Industries Ltd in volume no. 38, issue no. 13 (dated January 17, 2022) when the scrip was trading at Rs 1,274.15. Fiem Industries Ltd is one of the leading manufacturers of automotive lighting & signalling equipment and rear-view mirrors.On the consolidated quarterly front, the company reported net sales of Rs 385.69 crore for Q3FY22, which is an increase of 8.52 per cent from its net sales of Rs 355.39 crore reported for Q3FY21. The operating profit rose by 11.11 per cent to Rs 47.33 crore in Q3FY22 from Rs 42.59 crore posted in Q3FY21. The company gained a net profit of Rs 23.34 crore in Q3FY22, which shows a marginal increase of 18.29 per cent compared to the net profit of Rs 19.73 crore gained in Q3FY21. With improved revenue in the two-wheeler segment and a well-diversified product portfolio, we remain positive on the long-term strong growth prospects of the company. Hence, we recommend a HOLD for this stock.