Review

FIEM INDUSTRIES LTD
Ticker : 532768
FV: ₹10
52-Week H/L: ₹1,377.70/578.40



We recommended Fiem Industries Limited in Volume No. 38 , Issue No.13 (dated January 17, 2022) when the scrip was trading at Rs 1,274.15. On the consolidated quarterly front, the company recorded net sales and operating income of Rs 388.85 crore for Q3FY22, registering a growth of 8.5 per cent as compared to Q3FY21. The operating profit ascended by 11.11 per cent to reach Rs 47.33 crore in Q3FY22 from Rs 42.59 crore posted in Q3FY21. The net profit was reported at Rs 23.34 crore in Q3FY22 from Rs 19.85 crore in Q3FY21, rising by 16.98 per cent. The majority of the company’s auto segment revenue comes from the automotive lamp segment. The vast rise in cash-rich consumer base across emerging economies such as India, China, and Brazil has especially, fuelled the passenger vehicles market in these regions thereby, positively impacting the overall development of the automotive lighting market. Hence, we recommend HOLD.