FIEM Industries Ltd (BOM:532768)
₹ 2,352.65 -58.9 (-2.44%) Market Cap: 61.92 Bil Enterprise Value: 59.78 Bil PE Ratio: 23.55 PB Ratio: 5.10 GF Score: 81/100

Q3 2026 Fiem Industries Ltd Earnings Call Transcript

Feb 12, 2026 / 10:30AM GMT
Release Date Price: ₹2400 (-5.67%)

Key Points

Positve
  • FIEM Industries Ltd (BOM:532768) reported a 16.22% increase in sales for Q3 FY26 compared to the same quarter last year, reaching INR685.81 crore.
  • The company's EBITDA margin crossed 14% for the first time, reflecting improved operational efficiency.
  • The company is rolling out renewable energy projects across all plants, aiming to reduce energy costs and improve operational efficiency.
  • FIEM Industries Ltd is expanding its capabilities in advanced lighting and electronic technologies, which is expected to drive future growth.
  • The company has secured new orders and is developing products for major clients like Mahindra and Mahindra, indicating a strong order pipeline.
Negative
  • The company experienced fire incidents at multiple manufacturing units, raising concerns about operational safety and insurance implications.
  • Despite growth in the two-wheeler segment, FIEM Industries Ltd's top-line growth was slightly lower than some competitors, indicating potential market share challenges.
  • The four-wheeler business has not yet contributed meaningfully to revenues, with competitors scaling up rapidly in this segment.
  • There is a heavy reliance on a few key clients, such as HMSI and TVS, which account for a significant portion of the business.
  • The aftermarket business has remained flat for several quarters, indicating limited growth in this area.
Operator

Ladies and gentlemen, good day and welcome to Fiem Industries Limited, Q3 FY26 earnings call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Sahil Sanghvi from Monarch Networth Capital Limited. Thank you and over to you, sir.

Sahil Sanghvi Monarch Networth Capital Limited;Equity Research Analyst

Okay thank you Rudra. Good evening everyone and welcome to the Fiem Industries Limited Q3 FY267 conference call. The disclaimer, the conference call may contain forward-looking statements about the company which are based on beliefs, opinions, and expectations of the company as on date of the call. The statements are not a guarantees of future performance and involve risks and uncertainties that are difficult to predict. I now hand over the call to Mr. J. K. Jain for the opening remarks. Jain said over to you.

Jagjeevan Jain
Fiem Industries Ltd - Executive Chairman of the Board, Managing Director

Thank you. Good afternoon and welcome to the Q3 FY26

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