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Fiem Industries
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Fiem Industries Ltd is one of the leading manufacturers of automotive lighting & signaling equipments and rear view mirrors. The Company is in the business of manufacturing and suppliers of auto components, mainly, automotive lighting and signally equipments, rearview mirror, prismatic mirror, sheet metal parts and moulds, and block and dies for two-wheeler and four wheeler applications. Their main products are Automotive Lighting & Signaling Equipments, Rear View Mirrors, Prismatic Mirror and Sheet Metal Parts.
The company also manufactures and supplies value added products such as a complete Rear Fender Assembly for 2-wheelers which typically consists of rear fender (plastic) fitted with two turn signal lamps, tail lamps, number plate, reflex reflectors fitted with various mounting sheet metal brackets. The company has one subsidiary company, namely Fiem Industries Japan Co Ltd.
Fiem Industries Ltd was incorporated on February 6, 1989 as private limited company with the name Rahul Auto Pvt Ltd. The company set up a unit at Kundli, Sonepat in Haryana for carrying on the business of manufacturing rear view mirrors for two, three and four wheelers.
In May 7, 1992, the name of the company was changed from Rahul Auto Pvt Ltd to Fiem Industries Pvt Ltd. In November 30, 1993, the company was converted into a public limited company and the name was changed to FIEM Industries Ltd. Also, they shifted all manufacturing facilities to the plant situated at Kundli, Sonepat in Haryana having full fledged testing laboratory for manufacturing automotive lamps & rear view mirrors.
During the year 1993-94, the company added additional facilities for manufacturing automotive lighting and signaling equipments such as head lamp, tail lamp, side indicator, reflex Reflector, fog lamp, etc. In the year 1996, the company set-up a joint venture company, namely FIEM Sung San (India) Ltd in association with Sung San Co Ltd, Korea and Daewoo Motors India Ltd.
In the year 2004, the company set up the Unit II in Kallukondapalli, Hosur for manufacturing head lamps, tail lamps, rear combination lamps, side indicator lamps, reflex reflectors and rear view mirrors.
In the year 2005, the company set up Unit III at Kelamanglam, Hosur, Tamil Nadu for manufacturing sheet metal items viz., frame, mudguards, stands, guard exhaust pipe. Also, they set up Unit IV at Mysore, Karnataka for manufacturing value added products such as assembly of rear fender for two wheelers.
During the year, the company entered into Technical Support Agreement with Ichikoh Industries Ltd, Japan. They established overseas design centre and liaison office in Japan. Also, they signed MOU for establishing a Joint Venture company with Aspock Holding, GmbH, Austria. In September 30, 2005, the company acquired 32,50,000 Equity Shares FIEM Sung San (India) Ltd and thus FIEM Sung San (India) Ltd became a subsidiary company.
In the year 2006, the company entered into a joint venture agreement with Korea Air Conditioner Co Ltd. for establishing a company at Hosur, Tamil Nadu. The company set up an EOU unit (Unit V) at Kelamanglam, Hosur for manufacturing mirror plates, mirror assembly, head lamps, tail lamps, and side indicators. Also, they set up Unit VI at Nalagarh in Himachal Pradesh for manufacturing of lighting and signaling equipments and rear view mirrors.
During the year 2006-07, FIEM Sung San (India) Ltd was amalgamated with the company with effect from April 1, 2006. The company came out the public issue of 41,00,001 equity shares and the equity shares were listed on the Bombay Stock Exchange and National Stock Exchange with effect from October 19, 2006. In January 11, 2007, the company acquired a new Industrial Plot measuring around 7 (seven) Acres in Phase V, Industrial Estate, Rai, Sonepat, Haryana for future expansion plans of the company.
During the year 2007-08, the company entered into License and Technical Assistance Agreement with BATZ S. Coop. of Spain for manufacturing of Pedal Box Assembly. During the year 2008-09, the company signed strategic MoU for equity participation by Ichikoh Industries Ltd, Japan, in which Ichikoh will extend the technical assistance to the company for designing, development and manufacturing of Automotive Lightings & Rear View Mirrors for supplying to various car manufactures (OEMs) in India.
In March 2009, the company incorporated Fiem Industries Japan Co Ltd as a subsidiary company in Japan. In June 2010, the company acquired a new Industrial Plot measuring around 10.5 acre in Industrial Area Tapukara, Alwar in Rajasthan.
In July 2010, the company set up Green Field Facility at Rai Industrial Area, Sonepat in Haryana and commenced commercial production. This plant is established with ultramodern manufacturing facilities and latest technology keeping in view the growing business of the Company and well equipped for meeting the growing demand of the OEMs.
The company and Ichikoh Industries Ltd signed an agreement to establish a joint venture, which will be engaged in the four-wheeled and two-wheeled vehicle lamp business. FIEM Industries Limited will hold a 34% stake in the joint venture. Also, the company signed an MoU with Ichikoh Industries Ltd, Japan for forming a Strategic Global 'Fiem-Ichikoh Alliance' for acquiring the 2-Wheeler Automotive Lighting business in worldwide market.
In March 2011, the company set up Unit VIII at Alwar in Rajasthan for manufacturing plastic molded parts. The company commenced commercial production with effect from March 11, 2011.
In 2012, the Company has received 'Vendor Performance Award' from one of its esteemed customers, M/s. Suzuki Motorcycle India Pvt. Ltd. The company has inked a MoU to technically collaborate with BrightLite Systems Pte. Ltd, Singapore. The company received 'Vendor Performance Award' from Suzuki Motorcycle India for the year 2013. In 2014, the company received an award for Best performance 'GRAND AWARD FOR QCDDM' (Quality, Cost, Development, Delivery and Management) for the year 2014. The company has received 'Supplier Recognition Award' from Harley Davidson India during the year 2014. In 2015, the company receives LoA from EESL for 9W LED bulbs. The company also inks MoU with Asian Industry during the year 2015.
Fiem Industries share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Fiem Industries indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Fiem Industries is valued compared to its competitors.
Fiem Industries PE ratio helps investors understand what is the market value of each stock compared to Fiem Industries 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Fiem Industries evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Fiem Industries generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Fiem Industries in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Fiem Industries shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Fiem Industries compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Fiem Industries over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Fiem Industries helps investors get an insight into when they can enter or exit the stock. Key components of Fiem Industries Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Fiem Industries shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Fiem Industries ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Fiem Industries provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Fiem Industries highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Fiem Industries .
The balance sheet presents a snapshot of Fiem Industries ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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