● LIVE
NIFTY 5023,435.100.18%BANK NIFTY56,625.900.27%FINNIFTYINDIA VIX12.243.77%NIFTY IT28,994.800.36%NIFTY AUTO27,346.950.70%NIFTY MID14,610.250.56%USD/INR95.51NIFTY 5023,435.100.18%BANK NIFTY56,625.900.27%FINNIFTYINDIA VIX12.243.77%NIFTY IT28,994.800.36%NIFTY AUTO27,346.950.70%NIFTY MID14,610.250.56%USD/INR95.51NIFTY 5023,435.100.18%BANK NIFTY56,625.900.27%FINNIFTYINDIA VIX12.243.77%NIFTY IT28,994.800.36%NIFTY AUTO27,346.950.70%NIFTY MID14,610.250.56%USD/INR95.51
Login
Markets
NSE StocksBSE StocksF&ORates & G-SecsCurrenciesSectorsCommoditiesIPOs
News
Corporate AnnouncementsGovernment & PolicyFixed IncomeETFsFXAlt. InvestingStartupsEconomic Calendar
Sections
EconomicsTechFinancePoliticsWealth
← All Transcripts
Black Bear Labs FIEMIND · Q3 FY21 · earnings call

FIEMIND

The earnings call for FIEMIND's Q3 FY21 highlighted steady growth in net sales and EBITDA despite challenges from the pandemic. The company emphasized its diversified product portfolio, strong client base, and strategic investments in R&D. Management expressed confidence in future opportunities across automotive and LED segments.

Scale of reported figures

Net Sales₹801 crEBITDA₹80 cr

Key financials

Net Sales₹801 crore
EBITDA₹80.5 crore

Segment commentary

Automotive Segment

Strong performance with contributions from two-wheeler and four-wheeler segments.

LED Segment

Growth in LED luminaires for indoor and outdoor applications.

Guidance & outlook

  • Expectation of continued growth in automotive and LED segments.
  • Focus on expanding into railways and government projects.

Key takeaways

  • Strong Q3 FY21 financials with growth across key segments.
  • Diversified product portfolio supporting resilience.
  • Focus on R&D and strategic partnerships for future growth.

Risks flagged

  • Supply chain disruptions due to global pandemic impacts.
  • Competition in the automotive lighting market.
herofinancialssegmentstakeawaysquote
Educational analysis only. Not investment advice. Consult a SEBI-registered advisor before investing. Source: https://nsearchives.nseindia.com/corporate/FIEMIND_13022021165630_FIEMINDPresentation130221NSE.pdf
Full transcript (3,958 words)
FIEM INDUSTRIES LIMITED Unit-VII: Plot No. 1915, Rai Industrial Estate, Phase-V, Sonepat-131029 Haryana (INDIA) LIGHT UPTHEWORLD Tel. :+91-130-2367905/906/907/908/909/910 Fax: +91-130-2369703 E-mail: fiemunit7@fiemindustries.com (through NEAPS) February 13, 2021 The Manager, ListingDepartment, National StockExchange ofIndia Ltd. ExchangePlaza, Bandra Kurla Complex Bandra (East), Mumbai -400051 Dear Sir, Sub: Q3/9MFY21 Earning Con-call - Presentation Ref: _Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (referred herein as Listing Regulations). Please refer our Letter dated February 9, 2021 informing the schedule of Q3/9MFY21 Earning Con-call. Pursuant to Regulation 30(6) of Listing Regulations read with Para A of Part A of Schedule III,we hereby submit the copy of Presentation for above Con-call. Pursuant to Regulation 30(8) read with 46(2)(0), the Presentation is also uploaded on the website ofthe Company www.fiemindustries.com under Investors section. We also wish to inform that this presentation will be used for subsequent meetings/con-call, till further up-dation / intimation to the exchange. Thanking you, Yours faithfully For Fiem Industries Limited ~. Arvind K.Chauhan Company Secretary Encls: Investor Presentation Regd.Office: D-3~:DS.IIDCfa@C~aginCgomplex,KirtiNag~r,NewDelhi-110015(INDIA)Tel.:+91-11-25927820,25927919Fax:+91-11-25927740 mal .In0 lernindustries.corn Website: http://www.fiemindustries.comCIN: L36999DL1989PLC034928 11 Fiem Industries Ltd. – Investor Presentation • Fiem Industries Ltd. (FIEM) was founded and incorporated in 1989 by Mr.J.K. Jain. • The Company was listed on BSE and NSE in 2006. • FIEM is one of the leading manufacturers of Automotive Lighting & Signalling Equipment's and Rear View Mirrors in India. FIEM isamong first companies in India introducing LED lights in two wheelers. Overview • FIEM has diversified its product portfolio by entering into LED luminaires for Indoor and Outdoor applications and Integrated Passenger Information System for Railways & Buses. Automotive Segment LED Segment • Automotive Lamps -Head lamps, Products under Technical • LED Luminaires for Tail Lamps, Blinker lamps, Collaboration Indoor and Outdoor Fog lamps etc. • Canister applications • Rear View Mirrors • Bank (Lean) Angle Sensor • Integrated Passenger Products • Sheet Metal Parts JV Products Information System with • Plastic Moulded Parts • Moulds, Tools and Zig LED Display (IPIS) Fixtures • Fuel Pump Module and IC Connector • Two Wheeler – Honda, TVS, Yamaha, Suzuki, Eicher Royal Enfield, Harley Davidson, Mahindra etc. Top Clients • Four Wheeler - Tata Marcopolo, Force Motors, Honda Siel, Hyundai, Daimler, Mahindra Reva etc. Standalone • Net Sales has grown from INR 8,195 mn in FY15 to INR 13,662 mn in FY20 at 5 yearCAGR of 10.76% Financial • EBITDA has grown from INR 1,033 mn in FY15 to INR 1,558 mn in FY20 ata 5 yearCAGR of 8.56% Performance 3 Turnover (Net) Rs. in million FY20 Revenue Breakup FY20 Revenue Breakup FY20 Revenue Breakup FY20 Segment wise Auto Segment - Product Auto Segment - Auto Segment - Sales Breakup Mix Exports / OEMs / Repl. Market 4 Wheeler / 2 Wheeler 9MFY21 Revenue Breakup 9MFY21 Revenue Breakup 9MFY21 Revenue Breakup 9MFY21 Segment wise Auto Segment - Product Auto Segment - Auto Segment - Sales Breakup Mix Exports / OEMs / Repl. Market 4 Wheeler / 2 Wheeler Q3FY21 Revenue Breakup Q3FY21 Revenue Breakup Q3FY21 Revenue Breakup Q3FY21 Segment wise Auto Segment - Product Auto Segment - Auto Segment - Sales Breakup Mix Exports / OEMs / Repl. Market 4 Wheeler / 2 Wheeler • The Company was originally incorporated in India as Rahul Auto Private Limited on February 6, 1989 in New Delhi and was founded by Mr. J.K. Jain, who is a first generation entrepreneur and is in the automotive lighting business since 1970’s. • FIEM is one of the leading manufacturers of automotive lighting & signalling equipment's and rear view mirrors in India. Its major business comes from the two-wheeler segment of the automotive industry. • FIEM has a diversified product portfolio ranging from head lamps, tail lamps, signalling lamps, roof lamps, rear view mirrors, wheel covers, warning triangles, complete rear fender assembly, frame assembly, mudguards, various automobile sheet metal and plastic parts, Canister and Bank (Lean)Angle Sensor. • FIEM has already diversified its product portfolio by venturing into LED Luminaires for Indoor and Outdoor applications and Integrated Passenger Information Systems with LED Display. • The Company is fully equipped with world class R&D and testing facility and has developed in-house capabilities in LED technology and manufacturing. • The Company has following Wholly-owned Subsidiaries and J.V. Companies • Wholly-owned Subsidiaries - Fiem Industries Japan Co., Ltd. (Japan) - Fiem Research and Technologys.r.l (Italy) • JV Company - Aisan Fiem Automotives India Pvt. Ltd. (India) - Fiem Kyowa (HK) Mould Company Limited (Hong Kong) Mr. J. K. Jain,Chairman& ManagingDirector • aged 68 years is the Chairman and Managing Director of our Company. As the Chairman and Managing Director of our Company, he is involved in mentoring the leadership team, advising on business strategies and in various aspects of the Company’s expansion and diversification plans. He has more than four decades of experience in manufacturing of automotive lighting and signalling equipment and has played a significant role in growth and diversification of our Company. He has won many accolades and awards in India and overseas Including Life Time Achievement Award presented by India International Council for Industries & Trade, National Achievement Award for Business Excellence presented by Indian Society for Industry & Intellectual Development and Outstanding Entrepreneurship Award presented by Enterprise Asia. Mrs. SeemaJain,Whole-timeDirector • aged 65 years, is the whole-time Director of our Company. She is the wife of J.K. Jain. She belongs to a business family and was involved in her family business from an early age. She holds a bachelors’ degree in Science from the University of Delhi. She is actively involved in decision making in our Company besides overseeing the finance functions. Ms. AanchalJain, Whole-timeDirector • aged 38 years, is the whole-time Director of our Company. She has completed her Masters in Business Administration from Indiana Institute of Technology. She takes care of the human resource management functions of our Company and is also actively involved in skill development and labour welfare programmes being undertaken in our Company. Mr. Rahul Jain, Whole-time Director •aged 33 years, is a Whole-time Director of our Company. He has completed his Bachelor of Science and thereafter Management Studies from University of Bradford. He is involved in strategic affairs and corporate planning besides close interaction with customer for customer satisfaction and initiatives for new projects. He also oversees the manufacturing operations of various units periodically. Mr. Kashi Ram Yadav – Whole-time Director •aged 64 years, is the Whole-time Director of the Company. He has been associated with our Company since its inception and has more than 35 years’ experience in production and manufacturing operations of automotive lightings, signaling equipment and rear view mirrors. He was appointed on the Board of our Company in October, 2008. He is presently responsible for production and manufacturing operations in NorthIndia Units of our Company. Mr. Rajesh Sharma – Whole-time Director •aged 57 years, is the Whole-time Director of our Company. He was appointed on the Board of our Company w.e.f. 01.01.2020. He is among the Senior Management of the Company for many years now and heading the Marketing & Development department of the Company as well as involved in the manufacturing operations of the factories from time to time. He is having vast experience of more than 35 years in automotive Industry. 2018 - 2019 •2018 –Joint Venture with Aisan Industry Co. Ltd., Japan and Toyota Tsusho 2015-2017 India Pvt. Ltd. for •2015 –Starting receiving manufacture of Fuel Pump 2007-2013 Tenders from EESL for Module and IC Connector LED Bulbs and Street for Indian Market. •2007-Merged Fiem Sung Lights. •2018 -Technical 1996-2006 San with Fiem Industries •2016 –Unit -9, Assistance Agreement with •2007 –Setup LED SMT Ahmedabad started TOYODENSO Co. Ltd. •1996-Fiem Sung San plant Commercial Production in Japanand Toyota Tsusho 1989-1994 (India) Ltd., a JV •2010 -Started new January, 2016. Corporation, Japan for Company was manufacturing Unit in Rai, manufacturing of Bank •1989-Incorporated as established •2016 -NABL Sonepat (Unit 7) Angle Sensor for Indian Rahul Auto Private Accreditation received for •1998-Multi Focal market. Limited •2011 –Setup facility for Photometry Laboratory. Reflector first time mfg. Plastic moulded parts •2019 -Set up new Design •1992-Name changed to introduced in India by •2017 –Set up plant for in Tapukara (Unit 8) Centre in Turin, Italy under Fiem Industries Pvt. FIEM manufacturing of newly formed subsidiary in Ltd. •2011 –FIEM R&D Centre Canister in technical •2004 &2005-setup mfg. Italy, namely Fiem •1993-Converted into approved by Govt. of India collaboration with Aisan facilities in Hosur (Unit Research and Technology Public Limited-Fiem •2012-Started Industry Co., Ltd, Japan 2&3) Mysore (Unit 4) S.r.l. Industries Limited manufacturing auto lamps •2017 -A 50:50 Joint •2005 & 2006 –setup •1994-A new state of art and components for Honda Venture Company in mfg. facilities Hosur (Unit Plant was established Japan Hong Kong with KYOWA 5), Nalagarh (Unit 6) at Kundli, Sonepat Co., Ltd., Japan for high •2006 –Initial Public (Unit 1) class moulds / tools for Offer Automotive and other applications. • FIEM’s state of the art R&D Centre offers its clients design and development capabilities in Automotive Lighting & Signalling Equipments and Rear View Mirrorswhich meet the specifications of the clients requirements. • Government of India, Ministry of Science and Technology, Department of Science and Industrial Research has accorded Recognition to Company’s in-house R&D Unit situated at Rai Industrial Estate, Sonepat • The Company’s R&D Centre is established with modern infrastructure, state-of-the-art technology, equipped with latest software,qualified and experienced manpower. • FIEM’s in-house R&D Centre has various kinds of testing facilities such as Product Testing, Photometry Testing, Environmental Testing, Thermal Tests, Electronic Test, Vibration Test, Chemical Test, Mechanical Tests etc. • PhotometryLaboratoryof theCompanyis NABLAccredited • Some examplesof R&D conductedby company: • Developed more than 100 new generation LED Luminaires for industrial & domestic applications for Indoor and Outdoor including LED drivers • In-house design and development of Railway IPIS (Integrated Passenger Information Systemswith LED Display ) • In-house design and development forfourwheeler LED Rear combination, LED direction indicator lamp etc. • Advantages ofin-houseR&D unit: • Diversified and large portfolio of lighting products developed • New generation LED technology in automotive and home lighting segments developed • Reduction in development time and cost savings to clients Electrical Testing Environmental Testing Light Simulation Test Mechanical Durability Test Strong Client Base • FIEM has a strong client base of more than 50 OEMs and is supplying to its prestigious customers since their inception. • Significant market share for supply of automotive lighting & signalling equipment's and rear view mirrors to Two-wheeler and Four-wheeler OEM's • Exporting automotive lighting to Honda Japan, Kubota Japan (Tractors & Farm equipment's) besides exporting to Austria, UK, Germany, Thailand, Indonesia & Vietnam. Manufacturing Edge...Cost Saving to the Customers • State-of-the-art manufacturing facilities located close to the OEM Customers offering Logistic cost saving and just in-time delivery • FIEM has three world class R&D / Design Centres located in India, Italy and Japan having more than 120 personnel in Designing, Optical Simulation and Guest Engineering facilities for development of the lamp assembly and LED luminaires as per Indian and Global standards • Strategic technological tie ups with global players to provide advance and cost efficient products Diversified Product Portfolio • Leading manufacturers of automotive lighting & signalling equipments and rear view mirrors for two and four wheelers • Diversified into LED luminaires for indoor and outdoor applications • Diversified into Integrated Passenger Information Systems with LED Display (IPIS) LED Products • In-house LED R&D, manufacturing and assembly unit offering low cost and high quality LED luminaires • Diverse and cost efficient range of indoor and outdoor LED luminaires • Approval from Ministry of Railway (RDSO) for Integrated Passenger Information System Global Award for Excellence in Technology and Development from Yamaha Motor Co., Ltd. Japan-2019 In recognition of outstanding achievement in the development of advanced "World's Smallest Bi-Function technology in 2018 development of the Lighting Module for Two-wheelers' with PES Lens“. Global Contribution Award, 2020 from Yamaha Motor Co., Ltd. Japan “ In recognition of your outstanding achievement in the global business operations and positive reinforcement of competitiveness in 2019, thereby realizing MONOZUKURI procurement and significantly improving the production of our products. “ Thank you for demonstrating the commitment to excellence. 22 Appreciation Award for Development and Shipping Control 2018 from India Yamaha Motor Pvt. Ltd.-2019 2233 Performance Award (Cost Reduction) for year 2018-19 from Suzuki Motorcycle India Pvt. Ltd-2019 2244 Award for Delivery Management 2019-20 from Honda Motorcycle and Scooter India Pvt. Ltd. 2255 Excellence in Quality & Delivery Award from Kubota 2019-20 FIEM is one of the most renowned names in Automotive Lightings & Automotive Light Contribution (Rs. In mn) Signalling Equipments with the history of around four decades. The company isassociatedwithsomeofthemostprestigiousOEMcustomers inIndia. • Automotive Lighting - In the automotive components segment the Company makes various types of Head lamps, Tail Lamps, Blinker lamps, Fog lamps, Warning triangles, Interior lamps and Beacon lights etc. for TwoWheelers and FourWheelers. • India’sFirstNABL AccreditedLabforTestingofAutomotiveLamps. • ManufacturingFacilitiesforAutomotiveLights: • Unit1-Kundli, Sonepat, Haryana • Unit2-Hosur, Tamil Nadu • Unit5-Hosur, Tamil Nadu NET SALES • Unit6-Nalagarh, HimachalPradesh Head and Rear Lamps • Unit7–Rai, Sonepat, Haryana • Unit8–Tapukara, Rajasthan • Unit9–Ahmedabad, Gujarat • TopClients • Rear-View Mirror – FIEM has four state-of-the-art mirror manufacturing Rear View Mirror Contribution (Rs. In mn) plantsinitsdifferentunitshavingalltheprocessesin-housewhichincludes: ▪ MirrorPlate Making-Profilecutting,Washing, Grinding, Convexing, Cleaning, Aluminium coating/Chrome coating and finally back side painting. ▪ Plastic Housing: In-house manufacturing with injection moulding machines. ▪ Rod Making: In-house complete rod making facilities such as machining, bending, welding, powdercoatingetc. ▪ Final Assembly: All the above sub-components are assembled in the assemblylinestomakethecomplete mirror assembly. • Manufacturing FacilitiesforRearViewMirrors: NET SALES • Unit1-Kundli,Sonepat,Haryana • Unit2-Hosur,TamilNadu Rear View Mirrors • Unit5-Hosur,TamilNadu • Unit6-Nalagarh,Himachal Pradesh • Unit8-Tapukara,Rajasthan • TopClients • Plastic Moulded Parts – Plastic moulding is integral part of automotive Plastic Moulded Parts Contribution (Rs. In mn) lamps as well as rear view mirrors, as these parts are required to make final assembly of all the products. • FIEM has installed world class more than 450 latest injection moulding machines in their six plants ranging from 50 tonnes to 1400 tonnes capable of making parts weighing 20 gms to 2.5 kgs . • Apart from above, FIEM also supply standalone plastic moulded parts to its customers from Unit 2 ,Unit 8 and Unit 9. • The above mentioned moulding machines can easily make even big products of two wheelers like front fender, floor panel, side cover, rear fender, handle bar, seat base etc. NET SALES • Manufacturing Facilities for Standalone Plastic Moulded Parts: Plastic Moulded Parts • Unit 2 -Hosur, Tamil Nadu • Unit 8 -Tapukara, Rajasthan • Unit 9 – Ahmedabad, Gujarat • TopClients Others Automotive Segment Include items contributing less than 10% of Others Contribution (Rs. In mn) Total Sale, mainly includes Fabrication items, Canister, Bank Angle Sensor etc. • Sheet Metal Parts (fabrication Item) – FIEM has full fledged sheet metal fabrication facilities as well as Mudguard rolling plants for manufacturing Front and Rear mudguard for Motorcycles & Mopeds. The fabrication facilityhavethefollowingin-house processes: • Presses: More than 50 presses such as hydraulic, double action deep draw, singleactionpressesetc. • RollingPlant • PipeBending • Spotwelding,Projection welding, Argon welding,CO welding etc. 2 • ZincPlating: Blue/Blackpassivation,Yellowpassivation • Phosphatingfacilities • Powder Coatingforbasecoatandtopcoat NET SALES • Manufacturing Facilityused for makingSheetMetalParts • Unit3-Hosur, TamilNadu Sheet Metal Parts Bank Angle Sensor Canister • Unit6-Nalagargh, HimachalPradesh • Unit8–Tapukara, Rajasthan • Top Clients • In 2012, FIEM commenced their supplies to Honda Japan for Honda Integra 4-670CC 670cc Integra-4 Motorcycle which includes all lamps such as Head lamps, RC Lamps, Blinker lights etc. and become global supplier to Honda. • FIEM also supplying through Honda Trading to Honda Vietnam and Honda Thailand. • The component for supplying to Honda Motorcycle is developed by FIEM’s in-house design and development center. Parts Manufactured for Honda Japan Honda Award for Global Support Supplier 2012-13 Grand Award for QCDDM 2013-14 from Honda Motorcycle and Scooter India Ltd. Q3FY21 and Q2FY21 Top Clientele Two wheeler segment (Domestic) Contribution – Automotive Segment Two wheeler segment (Global Customers) Four wheeler segment (Domestic) Four wheeler segment (Global Customers) 9MFY21 and FY20 Top Clientele Contribution Two wheeler segment (Domestic) – Automotive Segment Two wheeler segment (Global Customers) Four wheeler segment (Domestic) Four wheeler segment (Global Customers) • Integrated Passenger Information System with LED Display (IPIS or PIDS) is an LED Integrated Passenger Information System electronic information system which provides real-time passenger Railway information. • Passenger information delivered in relevant locations along the bus route is an important part of this strategy and FIEM has played a key role in helping its partners deliver an effective solution. • Association of State Road Transport Undertakings has also inspected the Company’s LED based Destination system and found itsatisfactory. • Also received approval for Integrated Passenger Information System with LED Display (IPIS) from Ministry of Railways - Research Design and Standard Organization (RDSO) for manufacture and supply of this system (consisting of Train indication, Coach Guidance & PC based announcement). • FIEM is looking for big business opportunities from Railways, Central & State Government, Metro, Overseas Market etc. Buses LED Display Panel Particulars (INR Mn) FY16 FY17 FY18 FY19 FY20 9MFY21 Total Income* 9,891 10,193 12,443 14,499 13,812 8,013 Expenses 8,609 8,970 10,990 12,919 12,226 7,208 EBITDA 1,282 1,223 1,453 1,580 1,586 805 EBITDA Margin 12.96% 12% 11.68% 10.89% 11.48% 10.05% Exceptional Item – 142 (34) – (9) (32) Depreciation & Amortization 331 393 444 489 532 413 Finance Cost 158 233 227 221 177 90 PBT 793 457 816 870 868 270 Taxes 220 126 290 304 82 67 PAT 573 331 526 566 786 203 Share of Associates Profit/(Loss) – – – -10 –41 -17 PAT after Share of Associates – – 526 556 745 186 Profit/(Loss) PAT Margin 5.79% 3.25% 4.22% 3.83% 5.39% 2.32% EPS 47.93 26.30 39.94 42.29 56.65 14.18 * Includes Other Income and Net of Excise Duty/GST Particulars (INR Mn) 31.03.19 31.03.20 30.09.20 Particulars (INR Mn) 31.03.19 31.03.20 30.09.20 EQUITYAND LIABILITIES ASSETS A. EQUITY I. NON CURRENT ASSETS Equity Share Capital 132 132 132 a) Property, Plant and Equipment 5,633 5,500 5,308 Other Equity 4,639 5,121 5,072 b) Right of Use Assets – 355 347 Total Equity 4,771 5,253 5,204 c) Capital Work-in-Progress 79 3 14 B. LIABILITIES 10 52 41 d) IntangibleAssets I.Non Current Liabilities e) IntangibleAssets under Development 36 0 a) FinancialLiabilities f) Financial Assets And Investment 372 375 326 i) Borrowings 930 581 361 g) Income Tax Assets (Net) 45 9 9 ii)Lease Liabilities – 251 248 83 64 53 iii) Other Financial Liabilities – – – h) Other Non-Current Assets Total Non Current Assets 6,258 6,358 6,098 b) Provisions 67 58 59 c) Deferred Tax Liabilities (Net) 519 368 363 II. CURRENTASSETS a.) Inventories 1,472 1,291 991 Total Non Current Liability 1,516 1,258 1,031 II. Current Liabilities b)Financial Assets a) Financial Liabilities i) Investments – – – i) Borrowings 385 - - ii) Trade Receivables 1,468 770 990 ii) TradePayables 1,883 1,674 2,209 iii) Cashand Cash Equivalents 42 469 1,162 iii) Other FinancialLiabilities 636 622 570 iv) Bank Balances other than (iii) above 3 6 7 b) Other Current Liabilities 384 342 513 v) Loans 5 5 4 c) Provisions 19 44 60 vi)Other Financial Assets 169 107 73 d) CurrentTax Liabilities (Net) 34 12 1 Total Current Liability 3,341 2,694 3,353 c) Other Current Assets 211 199 263 TOTAL LIABILITIES (I + II) 4,857 3,952 4,384 Total Current Assets 3,370 2,847 3,490 TOTALEQUITY AND LIABILITIES 9,628 9,205 9,588 TOTAL ASSETS (I + II) 9,628 9,205 9, 588 (A+B) Particulars (INR Mn) FY16 FY17 FY18 FY19 FY20 9MFY21 Total Income* 9,880 10,188 12,429 14,449 13,787 8,010 Expenses 8,600 8,967 10,977 12,888 12,203 7,192 EBITDA 1,280 1,221 1,452 1,561 1,584 818 EBITDA Margin 12.95% 11.98% 11.68% 10.80% 11.49% 10.21% Exceptional Item – 142 (34) – (9) (32) Depreciation & Amortization 330 392 443 489 527 409 Finance Cost 158 233 227 221 177 90 PBT 792 455 816 851 871 287 Taxes 220 126 290 296 82 71 PAT 572 329 526 555 789 216 PAT Margin 5.79% 3.22% 4.23% 3.84% 5.72% 2.70% EPS 47.80 26.12 39.93 42.16 59.98 16.44 * Net of Excise Duty/GST and Includes other Income Particulars (INR Mn) 31.03.19 31.03.20 30.09.20 Particulars (INR Mn) 31.03.19 31.03.20 30.09.20 ASSETS EQUITYAND LIABILITIES A. EQUITY I. NON CURRENT ASSETS Equity Share Capital 132 132 132 a)Property, Plant and Equipment 5,631 5,497 5,305 Other Equity 4,635 5,158 5,130 b) Right of Use Assets – 355 347 Total Equity 4,767 5,290 5,262 c) Capital Work-in-Progress 79 3 14 B. LIABILITIES 10 44 35 d) IntangibleAssets I. Non Current Liabilities e) IntangibleAssets under 36 - - a) FinancialLiabilities Development f) Financial Assets 399 453 423 i) Borrowings 930 581 361 45 - - ii) LeaseLiabilities – 251 248 g) Income Tax Assets (Net) 83 64 53 iii) Other Financial Liabilities – – – h) Other Non-Current Assets Total Non Current Assets 6,283 6,416 6,177 b) Provisions 67 56 57 c) Deferred Tax Liabilities (Net) 519 369 363 II. CURRENTASSETS a) Inventories 1,472 1,291 991 Total Non Current Liability 1,516 1,257 1,029 II. Current Liabilities b) Financial Assets a) Financial Liabilities i) Investments – – - i) Borrowings 385 - - ii) Trade and Receivables 1,464 767 990 ii) TradePayables 1,888 1,673 2,210 iii) Cashand Cash Equivalents 12 452 1,140 iii) Other FinancialLiabilities 635 619 569 iv) Bank Balances other than (iii) 3 6 7 b) Other Current Liabilities 381 338 513 above v) Loans 5 5 4 c) Provisions 19 43 60 d) CurrentTax Liabilities (Net) 26 12 - vi)Other Financial Assets 169 107 72 Total Current Liability 3,334 2,685 3,352 c) Other Current Assets 209 188 262 TOTAL LIABILITIES (I + II) 4,850 3,942 4,381 Total Current Assets 3,334 2,816 3,466 9,617 9,232 9,643 TOTALEQUITY AND LIABILITIES (A+B) TOTAL ASSETS (I + II) 9,617 9,232 9,643 REVENUE (Rs. In mn) EBITDA (Rs. In mn) PAT (Rs. In mn) CASH PAT (Rs. In mn) GROSS BLOCK (Rs. In mn) LONG TERM LOANS (Rs. In mn) CAPEX (Rs. In mn) GROSS DEBT/EQUITY ROCE & ROE BOOK VALUE PER SHARE DIVIDEND PER SHARE WORKING CAPITAL DAYS This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities of the Company in any jurisdiction. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities of the Company. The contents of this presentation are intended to be correct,butnotguaranteedtobecorrect,complete,orabsolutelyaccurate.Norepresentationorwarranty,expressorimplied,ismadeasto, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the contents, information or opinions contained inthispresentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of Fiem Industries Limited. Forward looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry to differ materially and adversely from the results, financial condition, performance or achievements expressed or implied by such forward looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicativeoffutureperformance. Giventheserisks,uncertaintiesandotherfactors,viewersofthispresentationarecautionednottoplaceunduerelianceonthepresentation andmaketheirownevaluationfortherisksassociatedwiththeCompanyoritssecurities.Recipientsofthispresentation arenottoconstrue its contents, or any prior or subsequent communications from or with the Companyor its representatives as investment or legal advice. The Company disclaims any obligation or liability to any person for any loss or damage caused by errors or omissions, whether arising from negligence,accidentoranyothercause. For further information please contact: Arvind K. Chauhan Company Secretary Fiem Industries Limited Tel: +91-130-2367905-10 Email:arvind.chauhan@fiemindustries.com