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Fiem: LED, EV adoption key growth triggers

Rising share of light-emitting diodes (LEDs), addition of new clients and new business from existing clients are expected to augur well for the company

June 23, 2022 / 04:41 PM IST
Fiem: LED, EV adoption key growth triggers

Representative image

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Despite a significant demand weakness in the two-wheeler (2W) industry and commodity-linked cost pressure, Fiem Industries (CMP: Rs 1,030; M Cap: Rs 1,360 crore), an end-to-end lighting solutions provider for 2Ws, has posted a strong set of numbers in Q4FY22, driven by a rising share of light-emitting diodes (LEDs), addition of new clients and new business from existing clients. There are multiple factors that make us upbeat about the company. Adoption of LEDs a key catalyst An important trigger for the company...

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