Flair Writing Industries Ltd

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

Flair Writing Industries Ltd

₹ 266 1.12%
10 Jun - close price
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 Leadership[1]
Flair is one of India’s largest writing instrument companies; Top 3 player in the industry and the largest pen exporter from India, with presence in 115 countries.

Website BSE NSE
  • Market Cap ₹ 2,807 Cr.
  • Current Price ₹ 266
  • High / Low ₹ 343 / 194
  • Stock P/E 25.0
  • Book Value ₹ 95.0
  • Dividend Yield 0.00 %
  • ROCE 15.6 %
  • ROE 11.9 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 24.1% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

* 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

Fast Moving Consumer Goods Fast Moving Consumer Goods Household Products Stationary

Part of BSE Fast Moving Consumer Goods BSE SmallCap BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
224 244 230 244 215 229 222 242 229 257
173 197 183 194 182 185 187 199 194 218
Operating Profit 51 47 48 51 33 44 35 43 35 39
OPM % 23% 19% 21% 21% 15% 19% 16% 18% 15% 15%
3 2 3 4 6 8 8 9 10 8
Interest 2 3 2 2 2 1 1 1 1 1
Depreciation 6 6 7 7 8 8 8 8 9 9
Profit before tax 45 40 42 45 29 43 35 43 36 37
Tax % 27% 26% 25% 25% 26% 25% 26% 25% 25% 27%
33 30 31 33 21 32 26 32 27 28
EPS in Rs 14.13 3.18 3.32 3.57 2.03 3.08 2.44 3.03 2.56 2.61
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
503 613 581 289 554 903 919 949
410 495 488 267 461 732 743 797
Operating Profit 93 117 93 23 93 171 176 152
OPM % 18% 19% 16% 8% 17% 19% 19% 16%
7 5 5 12 11 14 20 35
Interest 17 18 15 11 9 9 8 4
Depreciation 15 18 23 22 23 24 29 33
Profit before tax 67 86 60 2 72 151 158 151
Tax % 21% 24% 36% 72% 25% 26% 25% 26%
53 65 38 0 54 112 118 112
EPS in Rs 2,444.60 27.84 16.33 0.21 23.08 11.95 11.21 10.64
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: 20%
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: 24%
3 Years: 28%
TTM: -5%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -8%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 17%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 0.22 23 23 23 23 47 53 53
Reserves 158 199 236 236 290 379 836 949
169 196 168 122 118 99 56 39
84 111 113 85 107 109 128 116
Total Liabilities 412 529 539 467 539 634 1,073 1,156
144 182 195 178 181 200 251 294
CWIP 8 3 0 0 0 2 20 12
Investments 0 0 0 16 0 4 4 35
260 343 344 273 358 429 799 815
Total Assets 412 529 539 467 539 634 1,073 1,156

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
45 36 70 23 79 24 58
-51 -52 -16 -8 -46 -246 -29
0 17 -57 -15 -32 274 -28
Net Cash Flow -6 1 -3 -0 0 51 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 84 96 103 139 93 65 77 83
Inventory Days 123 147 180 287 220 138 147 165
Days Payable 76 71 71 85 58 39 45 34
Cash Conversion Cycle 130 172 211 341 255 164 178 214
Working Capital Days 110 134 151 255 174 110 120 152
ROCE % 28% 18% 3% 20% 34% 23% 16%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
78.59% 78.59% 78.59% 78.59% 78.59% 78.59%
1.38% 0.25% 0.14% 0.02% 0.09% 0.06%
9.57% 10.85% 11.34% 11.37% 10.51% 9.55%
10.46% 10.30% 9.92% 10.02% 10.82% 11.80%
No. of Shareholders 84,16081,50074,07467,55665,52666,661

* 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.

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Documents

Announcements

Annual reports

DRHP

Concalls