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LORD JESUS CHRIST SAYS

and whoever wants to be first must be slave of all. For even the Son of Man did not come to be served, but to serve, and to give his life as a ransom for many.”

28 Jun 2015

AN AUTO ANCILLARY COMPANY

Fiem Industries Ltd:- Hi, Ever since the Auto Industry has gone Global in India and more and more Companies are coming up with the new and updated products in the market. As a result there is a constant demand for renewed products to be developed and delivered with in a shortest development cycle

Their Company an Auto Ancillary sector is one of the leading manufactures of automotive lighting&Signaling equipment and rear view mirrors. This Company was originally incorporated in India as Rahul Auto(pvt.) Ltd. On Feb. 6, 1969 in New Delhi. They changed the name of their Company to FIEM Industries (P) Ltd. W.e.f 7/5/1992.Subsequently this Company was converted into a Public limited Company w.e.f.30/11/1993 and the Coy Name has been changed into Fiem Industries Ltd. They added additional facilities for manufacturing of automotive lighting and signalling equipment such as Head Lamps, Tail Lamps Side indicator, Reflex Reflectors for lamps etc.

Company customers:-They have been supplying to almost major OEMS in domestic markets as well as few Global OEMS, besides some Global Tier 1 automotive lamp manufactures. Indian customers are Tata, Force Motors, Nissan, Hyundai, Daimler, GM, Mahindra, Skoda, Volkswagen, Daewoo, Renault Nissan, Swaraj Mazda, HMT, JCB, VST, Marathi Suzuki and others. There are more than 7 Global clients. Their registered office at New Delhi and corporate office at Son pet, Haryana

Financial details  .Equity Share Capital-11.96 Cr, Face Value of Share-Rs.10/-, Market capitalization- 648.05cr.,EPS-35.33,Book Value-200.10,PE -15.33, Dividend 60%, Industry PE- 14.56, Reserve- 201.55cr. Total Sales in Cr from (2011-2015)421.24, 533.15, 602.21, 718.42&824.77.   Total Net profit in Cr from (2011-2015)11.43, 21.15.27.33, 37.40&42.26. There is no pledged Shares. Bonus-.No information. Divided 2007-2015 from 25 to 60% regularly.


The Company got many awards for quality,cost control,development,delivery and management..Awarded suppliers Recognition during 2011. Share holding-Promoters-69.96%, general public 7.69%, other companies-6.67%, NRI-6.01%,FIS-4.98%NBFC/Mutual fund-3.13%, Foreign-0.87%, Others-0.70%.

Management efficiency :-       return of Equity-18.97%,Return of Assets-8.22%,Fixed Assets turnover-2.57%, Gross profit margin-9.28,Operating profit margin-12.31%,Net profit margin 5.20% and Debt equity ratio-0.29%

From the quarter ended 31.3.2015, the Coy has reported a standalone Sales of Rs231.44cr,up 14.96% from last quarter Sales of Rs.201.33cr.Company has reported net profit after tax of Rs 13.42cr in last quarter. More than 20 Indian Mutual Funds holding the Share of the Company. There are chances to Re-rate Auto Ancillary Companies. Expect good return in future. Consider it for 3 years investment..I have no holdings in this Coy and have no vested interest.

Thanking you,                                                               see you later.