Fiem Industries Limited (FIEMIND.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+86.7%

₹3,418.88

vs ₹1,831.30 price

Levered DCF

₹2,075.47

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	19.68×	18.13×	18.18×	14.74×	12.58×	15.67×	2.23×	6.16×
P/B	4.14×	3.58×	3.4×	1.35×	0.92×	0.64×	0.32×	0.72×
P/S	1.79×	1.53×	1.49×	0.56×	0.38×	0.3×	0.12×	0.24×
EV / EBITDA	12.16×	10.05×	9.94×	3.36×	2.91×	2.51×	1.54×	3.23×
Gross margin	22.7%	21.5%	34.8%	38.3%	29.0%	29.3%	29.9%	28.5%
Operating margin	11.5%	10.6%	10.3%	10.0%	8.7%	7.2%	7.6%	7.5%
Net margin	9.1%	8.5%	8.2%	7.6%	6.0%	3.9%	5.4%	3.9%
Current ratio	2.61×	2.47×	2.47×	2.28×	1.54×	1.23×	1.06×	1.01×
Debt / equity	0.05×	0.02×	0.03×	0.03×	0.07×	0.14×	0.23×	0.36×
Interest coverage	116.06×	167.13×	70.45×	24.74×	15.76×	7.47×	5.95×	4.89×
Dividend yield	1.6%	1.4%	1.3%	2.6%	3.6%	1.1%	13.3%	6.5%
Payout ratio	30.9%	25.7%	23.8%	18.8%	22.4%	8.5%	29.8%	40.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	21.0%	19.7%	18.7%	18.4%	14.7%	8.2%	14.2%	11.7%
Return on invested capital	18.5%	17.5%	16.4%	16.6%	13.7%	9.1%	13.7%	10.0%
Return on assets	15.0%	14.4%	13.6%	13.3%	9.0%	5.1%	8.1%	5.8%
Free cash flow yield	1.0%	3.2%	1.7%	7.3%	12.3%	31.7%	95.5%	13.7%
Earnings yield	5.1%	5.5%	5.5%	13.6%	15.9%	12.8%	44.8%	16.2%
Enterprise value	₹48.2B	₹34.4B	₹28.3B	₹8.7B	₹5.7B	₹3.4B	₹2.4B	₹5.1B
Net debt / EBITDA	-0.54×	-0.81×	-0.64×	-0.61×	-0.11×	-0.23×	0.48×	1.06×
Cash conversion cycle (days)	55	39	39	33	16	-37	9	27