Fiem guides ₹100-150 cr from four-wheelers in FY27 after record year
The auto-components maker hit all-time highs on revenue and profit in FY26, and is now funding a push into car parts with ₹200 cr in capex.
— 2 earlier stories on Fiem Industries Ltd. →What's new
- FY26 revenue hit a record ₹2,790.65 cr, up 16%, with net profit rising 24.4% to ₹253.87 cr.
- Management set a four-wheeler revenue target of ₹100-150 cr in FY27, scaling to ₹200-250 cr by FY28.
- The company is investing ₹200 cr in capex over two years and guided for EBITDA margins of 14% plus for FY27.
Why this matters
Fiem's core two-wheeler business delivered a strong year, but the new guidance marks its first concrete entry into four-wheelers. The ₹100-150 crore target for FY27 is a new growth vector backed by orders from Mahindra and validation work with Mercedes-Benz. A ₹200 crore capex commitment over two years shows the company is serious about funding the ramp.
What we're watching
- Execution on the Mahindra orders and the timeline for Mercedes-Benz validation.
- Whether the four-wheeler business can hit the ₹100-150 cr target in its first year.
- How the new leadership team under Rahul Jain and Aanchal Jain performs after the CEO's departure.
The full read
Fiem Industries posted a record year. FY26 revenue reached ₹2,790.65 crore, up 16%, and net profit climbed 24.4% to ₹253.87 crore as EBITDA margins came in at 14.09%. The results are strong. But the real story is the pivot into four-wheelers. Management set a target of ₹100-150 crore from the new business in FY27, with Mahindra orders beginning and Mercedes-Benz validation in progress. The target scales to ₹200-250 crore by FY28. A ₹200 crore capex plan over two years will fund this push. The leadership team is also new, following CEO Vineet Sahni's departure, with Rahul Jain and Aanchal Jain now running the four-wheeler strategy. Fiem is betting that its strength in two-wheeler components can translate into a meaningful new revenue line in a more competitive market. The first test is hitting the FY27 target.
Questions answered
- What were Fiem Industries' key financial results for FY26?
- The company reported record revenue of ₹2,790.65 crore, up 16% year-on-year. Net profit grew 24.4% to ₹253.87 crore, and EBITDA margins came in at 14.09%.
- What is the four-wheeler revenue target?
- Management expects ₹100-150 crore from four-wheeler business in FY27, scaling to ₹200-250 crore by FY28. The ramp-up begins with orders from Mahindra and validation work with Mercedes-Benz.
- What is the capital expenditure plan?
- Fiem plans to invest ₹200 crore over two years. This will fund the expansion into the four-wheeler segment.
- Has there been a leadership change?
- CEO Vineet Sahni has departed. The company has appointed Rahul Jain and Aanchal Jain to lead the four-wheeler strategy, which is a new and critical growth area for the business.
- What is the margin outlook?
- Management maintained its guidance for consolidated EBITDA margins to stay above 14% for FY27, building on the 14.09% achieved in FY26.
Story so far
All notes on FIEMIND →- 1 Jun 2026 · 5:51 PM IST Fiem guides ₹100-150 cr from four-wheelers in FY27 after record year
- today Fiem is breaking into cars. It just gave its first numbers.
- 7d ago Fiem posts 24% profit growth, hikes dividend 33% to ₹40