Flair Writing Industries Ltd

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

Flair Writing Industries Ltd

₹ 322 -1.75%
13 Dec - 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 share[1] Flair is among the top three players in the writing instruments industry and occupies a 9% market share in India and a 7% export market share as of FY23

Website BSE NSE
  • Market Cap ₹ 3,398 Cr.
  • Current Price ₹ 322
  • High / Low ₹ 382 / 246
  • Stock P/E 30.5
  • Book Value ₹ 89.8
  • Dividend Yield 0.00 %
  • ROCE 22.7 %
  • ROE 18.0 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

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

Sector: Printing & Stationery Industry: Printing & Stationery

Part of BSE Allcap BSE SmallCap BSE IPO BSE Fast Moving Consumer Goods

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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
224 244 230 244 215 229 222 242
173 197 183 194 182 185 187 199
Operating Profit 51 47 48 51 33 44 35 43
OPM % 23% 19% 21% 21% 15% 19% 16% 18%
3 2 3 4 6 8 8 9
Interest 2 3 2 2 2 1 1 1
Depreciation 6 6 7 7 8 8 8 8
Profit before tax 45 40 42 45 29 43 35 43
Tax % 27% 26% 25% 25% 26% 25% 26% 25%
33 30 31 33 21 32 26 32
EPS in Rs 14.13 3.18 3.32 3.57 2.03 3.08 2.44 3.03
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
503 613 581 289 554 903 919 908
410 495 488 267 461 732 743 752
Operating Profit 93 117 93 23 93 171 176 155
OPM % 18% 19% 16% 8% 17% 19% 19% 17%
7 5 5 12 11 14 20 30
Interest 17 18 15 11 9 9 8 5
Depreciation 15 18 23 22 23 24 29 31
Profit before tax 67 86 60 2 72 151 158 150
Tax % 21% 24% 36% 72% 25% 26% 25%
53 65 38 0 54 112 118 111
EPS in Rs 2,444.60 27.84 16.33 0.21 23.08 11.95 11.21 10.58
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 47%
TTM: -4%
Compounded Profit Growth
10 Years: %
5 Years: 13%
3 Years: 518%
TTM: -12%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -14%
Return on Equity
10 Years: %
5 Years: 18%
3 Years: 22%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.22 23 23 23 23 47 53 53
Reserves 158 199 236 236 290 379 836 894
169 196 168 122 118 99 56 32
84 111 113 85 107 109 128 136
Total Liabilities 412 529 539 467 539 634 1,073 1,114
144 182 195 178 181 200 251 251
CWIP 8 3 0 0 0 2 20 32
Investments 0 0 0 16 0 4 4 4
260 343 344 273 358 429 799 827
Total Assets 412 529 539 467 539 634 1,073 1,114

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

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

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2023Mar 2024Jun 2024Sep 2024
78.59% 78.59% 78.59% 78.59%
1.38% 0.25% 0.14% 0.02%
9.57% 10.85% 11.34% 11.37%
10.46% 10.30% 9.92% 10.02%
No. of Shareholders 84,16081,50074,07467,556

* 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

Annual reports

DRHP

Concalls