Fiem Industries Share Price Target 2026, 2027, 2028, 2029, 2030
- Market Cap
- ₹6,134 Cr
- Book Value
- ₹461
- Stock P/E
- 24.1
- Dividend Yield
- 1.72%
- ROE
- 22.6%
- ROCE
- 29.3%
- PEG Ratio
- 0.62
- EV/EBITDA
- 14.2
Fundamentals from Screener.in, as of 5 Aug 2026. Live price via Yahoo Finance.
Fiem Industries share price today
Fiem Industries (NSE: FIEMIND) lights India’s two-wheelers: LED headlamps, tail lamps and signalling for TVS, Honda Motorcycle, Yamaha, Suzuki — the OEM roster that matters — plus rear-view mirrors and plastic assemblies. The quiet growth engine is the halogen-to-LED transition: every model refresh upgrades lighting content per vehicle, so Fiem grows on mix even when volumes idle. Profit compounded 39.1% over three years on exactly that arithmetic.
At 24.1× with a PEG of 0.62, 29.3% ROCE and a 1.7% dividend, our universe tags it accumulate — small-cap components pricing for a mid-cap-quality franchise. The honest flag: the top two customers dominate revenue.
Content, not just volumes
LED adoption started at premium bikes and is cascading to commuters — a decade-length content upgrade Fiem rides model by model. Its design capability (lamps are styling elements OEMs co-develop early) locks it into platforms years before production, and EV two-wheelers change nothing: electrons light LEDs just as well, and Fiem already supplies the major EV 2W makers. Net-cash-adjacent balance sheet (D/E 0.05) and consistent execution complete the small-cap-quality picture.
Watch-items: TVS and Honda order shares (the flagged concentration), 2W demand cycles, LED pricing as adoption matures, and the four-wheeler diversification’s slow build.
The numbers
From our research universe snapshot (5 Aug 2026):
| Metric | Value |
|---|---|
| Market cap | ₹6,134 Cr |
| P/E (TTM) | 24.1 |
| EV/EBITDA | 14.2 |
| Operating margin | 14.1% |
| ROE / ROCE | 22.6% / 29.3% |
| Debt to equity | 0.05 |
| Sales CAGR (5y) | 18.2% |
| Profit CAGR (5y) | 39.1% |
| Promoter holding | 54.5% |
| EPS (TTM) | ₹96.49 |
Fiem Industries share price target 2026 to 2030
EPS base ₹96.49 (TTM). Bear: 2W cycle softens, LED mix matures — 8% growth, multiple at 16×. Base: content-per-vehicle compounding continues — 14% growth at 22×. Bull: EV platform wins accelerate share — 19% growth at 28×.
| Year | Bear (16×, +8%) | Base (22×, +14%) | Bull (28×, +19%) |
|---|---|---|---|
| 2026 | ₹1,665 | ₹2,420 | ₹3,215 |
| 2027 | ₹1,800 | ₹2,760 | ₹3,825 |
| 2028 | ₹1,945 | ₹3,145 | ₹4,555 |
| 2029 | ₹2,100 | ₹3,585 | ₹5,420 |
| 2030 | ₹2,270 | ₹4,085 | ₹6,445 |
From ₹2,325, the base case is ≈ +76% over four and a half years plus the 1.7% yield — and the bear case is −2%. Accumulate-tag asymmetry again: at PEG 0.62, the market prices the customer-concentration risk and forgets the content story.
Reasons to own Fiem Industries (at the right price)
- The LED transition is a content-per-vehicle annuity — every refresh pays more.
- Co-development lock-in: lamps are styled into platforms years ahead.
- 29% ROCE, near-zero debt, 1.7% yield — small-cap price, quality-franchise metrics.
- EV-neutral: electric two-wheelers need Fiem exactly as much.
- PEG 0.62 with a 39% three-year profit CAGR.
The risks: two OEMs dominate revenue (the structural flag), 2W demand cycles set the tempo, and small-caps amplify every disappointment.
Should you buy at the current price?
The live buy range below is for members — the accumulate zone on the lighting annuity.
FAQ
What is the Fiem Industries share price target for 2030? Base case ≈ ₹4,085 (22× on 14% compounded growth), bear ≈ ₹2,270, bull ≈ ₹6,445. Arithmetic above.
Why does the LED transition matter so much? An LED lamp assembly carries several times a halogen unit’s value. As LEDs cascade from premium bikes to commuters, Fiem’s revenue per vehicle steps up with every model cycle — growth without needing volume growth.
Does Fiem supply electric two-wheelers? Yes — lighting is powertrain-agnostic, and Fiem supplies leading EV 2W makers alongside its ICE OEM base.
When are Fiem’s next results? Track the exact date on our results calendar.
This article is research and education, not personalised investment advice. We are not SEBI-registered advisers. Price targets are scenario arithmetic, not promises. Do your own research and consult a registered adviser before acting.