Flair Writing Industries Ltd

Flair Writing Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Flair Writing Industries Ltd

₹ 286 -0.42%
08 May 4:01 p.m.
flairworld.in BSE: 544030 NSE : FLAIR
About

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]

Key Points

Market share[1] Flair is among the top three players in the writing instruments industry occupies a 9% market share in India in FY23.

Website BSE NSE
  • Market Cap ₹ 3,013 Cr.
  • Current Price ₹ 286
  • High / Low ₹ 514 / 246
  • Stock P/E 25.5
  • Book Value ₹ 47.4
  • Dividend Yield 0.00 %
  • ROCE 33.4 %
  • ROE 31.4 %
  • Face Value ₹ 5.00
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Pros

  • Debtor days have improved from 100 to 66.2 days.
  • Company's working capital requirements have reduced from 176 days to 117 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Jun 2023 Sep 2023 Dec 2023
232 247 257 225
179 194 203 190
Operating Profit 53 52 54 35
OPM % 23% 21% 21% 15%
2 2 3 4
Interest 3 3 3 3
Depreciation 7 8 9 9
Profit before tax 46 43 44 26
Tax % 28% 25% 25% 27%
33 32 33 19
EPS in Rs 14.25 3.44 3.57 1.82
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2021 Mar 2022 Mar 2023
419 573 298 577 942
333 478 275 480 758
Operating Profit 86 95 23 98 184
OPM % 20% 17% 8% 17% 20%
4 6 13 10 12
Interest 9 17 12 10 9
Depreciation 12 15 22 24 27
Profit before tax 69 69 2 73 159
Tax % 27% 29% 55% 25% 26%
50 49 1 55 118
EPS in Rs 2,512.00 2,255.49 0.42 23.62 12.66
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: %
TTM: 63%
Compounded Profit Growth
10 Years: %
5 Years: 19%
3 Years: %
TTM: 115%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 31%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3 3 23 23 47 47
Reserves 171 259 238 294 388 453
94 89 130 131 123 163
86 89 89 110 126 132
Total Liabilities 354 440 481 557 684 794
119 144 186 196 250 284
CWIP 2 8 0 2 2 22
Investments 0 0 16 0 0 0
233 288 279 360 433 489
Total Assets 354 440 481 557 684 794

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2021 Mar 2022 Mar 2023
64 35 67 35 96
-27 -44 -16 -20 -74
-31 4 -55 -16 -22
Net Cash Flow 5 -5 -3 -0 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2021 Mar 2022 Mar 2023
Debtor Days 75 76 142 93 66
Inventory Days 132 103 288 218 153
Days Payable 89 69 90 60 46
Cash Conversion Cycle 118 110 340 252 174
Working Capital Days 84 108 248 164 117
ROCE % 28% 20% 33%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024
78.59% 78.59%
1.38% 0.25%
9.57% 10.85%
10.46% 10.30%
No. of Shareholders 84,16081,500

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

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DRHP

Credit ratings

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