Flair Writing Industries Ltd
Incorporated in 1976, Flair Writing Industries (Flair) is engaged in developing and manufacturing writing instruments and is among the Top 3 players in the overall writing instruments industry [1]
- Market Cap ₹ 3,207 Cr.
- Current Price ₹ 304
- High / Low ₹ 514 / 246
- Stock P/E 28.7
- Book Value ₹ 46.4
- Dividend Yield 0.00 %
- ROCE 33.6 %
- ROE 30.2 %
- Face Value ₹ 5.00
Pros
- Debtor days have improved from 99.2 to 65.4 days.
- Company's working capital requirements have reduced from 186 days to 129 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Printing & Stationery Industry: Printing & Stationery
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
503 | 613 | 581 | 289 | 554 | 903 | |
410 | 495 | 488 | 267 | 461 | 732 | |
Operating Profit | 93 | 117 | 93 | 23 | 93 | 171 |
OPM % | 18% | 19% | 16% | 8% | 17% | 19% |
7 | 5 | 5 | 12 | 11 | 14 | |
Interest | 17 | 18 | 15 | 11 | 9 | 9 |
Depreciation | 15 | 18 | 23 | 22 | 23 | 24 |
Profit before tax | 67 | 86 | 60 | 2 | 72 | 151 |
Tax % | 21% | 24% | 36% | 72% | 25% | 26% |
53 | 65 | 38 | 0 | 54 | 112 | |
EPS in Rs | 2,444.60 | 27.84 | 16.33 | 0.21 | 23.08 | 11.95 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 16% |
TTM: | 63% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 43% |
TTM: | 107% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 20% |
3 Years: | 18% |
Last Year: | 30% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|
Equity Capital | 0 | 23 | 23 | 23 | 23 | 47 | 47 |
Reserves | 158 | 199 | 236 | 236 | 290 | 379 | 442 |
169 | 196 | 168 | 122 | 118 | 97 | 124 | |
84 | 111 | 113 | 85 | 107 | 111 | 120 | |
Total Liabilities | 412 | 529 | 539 | 467 | 539 | 634 | 734 |
144 | 182 | 195 | 178 | 181 | 200 | 230 | |
CWIP | 8 | 3 | 0 | 0 | 0 | 2 | 7 |
Investments | 0 | 0 | 0 | 16 | 0 | 4 | 4 |
260 | 343 | 344 | 273 | 358 | 429 | 494 | |
Total Assets | 412 | 529 | 539 | 467 | 539 | 634 | 734 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
45 | 36 | 70 | 23 | 79 | ||
-51 | -52 | -16 | -8 | -46 | ||
0 | 17 | -57 | -15 | -32 | ||
Net Cash Flow | -6 | 1 | -3 | -0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
Debtor Days | 84 | 96 | 103 | 139 | 93 | 65 |
Inventory Days | 123 | 147 | 180 | 287 | 220 | 138 |
Days Payable | 76 | 71 | 71 | 85 | 58 | 39 |
Cash Conversion Cycle | 130 | 172 | 211 | 341 | 255 | 164 |
Working Capital Days | 110 | 134 | 151 | 255 | 174 | 129 |
ROCE % | 28% | 18% | 3% | 20% | 34% |
Documents
Announcements
- Intimation Of Tax Ascertained As Being Payable Under Section 73 Of CGST Act, 2017 2d
- Final Audit Report Received From Office Of The Commissioner, Central GST And Central Excise, Audit, Surat Under Regulation 30 Of SEBI (LODR) Regulations, 2015 17 Apr
-
Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015
8 Apr - Compliance certificate issued by practicing company secretary under Regulation 40(9) of SEBI (LODR) Regulations, 2015 for the year ended March 31, 2024.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
4 Apr - Copy of the certificate received from our Registrar and Transfer Agent (RTA) M/s. Link Intime India Private Limited for the quarter ended March 31, 2024.
-
Compliance Certificate For The Period Ended 31 March 2024.
4 Apr - Compliance Certificate for the financial year ended March 31, 2024 is enclosed.
Concalls
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Feb 2024Transcript PPT
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Dec 2023Transcript PPT
Market share[1] Flair is among the top three players in the writing instruments industry occupies a 9% market share in India in FY23.