Flair Writing Industries
FLAIR NSE
Flair Writing Industries
Consumer GoodsNSE: FLAIR BSE: 544030 Stationary
Key Fundamentals
MicrocapStationaryConsumer GoodsMarket Cap
₹2,493 Cr
Volatility
Moderate
P/E Ratio
17.8
EBITDA
₹245 Cr
Return on Equity
12.37%
Debt to Equity
0.06
Book Value
₹108.32
EPS
₹10.75
52W High
₹345
52W Low
₹234.95
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company is almost debt free.
Weaknesses
2- Company has a low return on equity of 14.0% over last 3 years.
- Dividend payout has been low at 4.19% of profits over last 3 years
Growth Rate
Revenue Growth
15.07% higher than
3Y
Net Income Growth
18.64% higher than
3Y
Cash Flow Change
147% higher than
3Y
ROE
5.73% lower than
3Y
ROCE
4.14% higher than
3Y
EBITDA Margin (Avg.)
1.85% higher than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 247 | 257 | 225 | 250 | 247 | 270 | 265 | 298 | 289 | 321 | 318 | 323 | 319 |
| Expenses | 194 | 203 | 190 | 200 | 205 | 220 | 219 | 251 | 239 | 261 | 261 | 265 | 266 |
| Operating Profit | 52 | 54 | 35 | 51 | 42 | 51 | 45 | 47 | 50 | 60 | 57 | 58 | 53 |
| OPM % | 21% | 21% | 15% | 20% | 17% | 19% | 17% | 16% | 17% | 19% | 18% | 18% | 17% |
| Other Income | 2 | 3 | 4 | 6 | 5 | 5 | 7 | 8 | 3 | 9 | 3 | 6 | 1 |
| Interest | 3 | 3 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 8 | 9 | 9 | 10 | 10 | 11 | 12 | 12 | 13 | 13 | 13 | 14 | 14 |
| PBT | 43 | 44 | 26 | 45 | 35 | 44 | 39 | 41 | 39 | 54 | 45 | 49 | 39 |
| Tax % | 25% | 25% | 27% | 25% | 26% | 25% | 25% | 26% | 25% | 21% | 27% | 25% | 25% |
| Net Profit | 32 | 33 | 19 | 34 | 26 | 33 | 29 | 31 | 29 | 43 | 33 | 37 | 29 |
| EPS in Rs | 3.44 | 3.57 | 1.82 | 3.26 | 2.51 | 3.12 | 2.78 | 2.93 | 2.72 | 4.04 | 3.11 | 3.4 | 2.71 |
Profit & Loss
| Particulars | Mar 2017 | Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 419 | 573 | 298 | 577 | 942 | 979 | 1,080 | 1,250 | 1,281 |
| Expenses | 333 | 478 | 275 | 480 | 758 | 787 | 895 | 1,025 | 1,052 |
| Operating Profit | 86 | 95 | 23 | 98 | 184 | 192 | 185 | 225 | 228 |
| OPM % | 20% | 17% | 8% | 17% | 20% | 20% | 17% | 18% | 18% |
| Other Income | 4 | 6 | 13 | 10 | 12 | 15 | 24 | 21 | 19 |
| Interest | 9 | 17 | 12 | 9 | 9 | 11 | 5 | 6 | 5 |
| Depreciation | 12 | 15 | 22 | 24 | 27 | 37 | 45 | 53 | 55 |
| PBT | 69 | 69 | 2 | 74 | 159 | 159 | 159 | 187 | 187 |
| Tax % | 27% | 29% | 55% | 24% | 26% | 25% | 25% | 24% | — |
| Net Profit | 50 | 49 | 1 | 56 | 118 | 118 | 119 | 141 | 141 |
| EPS in Rs | 2,512 | 2,255 | 0.42 | 24.08 | 12.66 | 11.29 | 11.35 | 13.26 | 13.26 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 9% | 4% | — |
Balance Sheet
| Particulars | Mar 2017 | Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 23 | 23 | 47 | 53 | 53 | 53 |
| Reserves | 171 | 259 | 238 | 295 | 388 | 846 | 966 | 1,089 |
| Borrowings | 94 | 89 | 130 | 126 | 123 | 69 | 62 | 66 |
| Other Liabilities | 86 | 89 | 89 | 113 | 126 | 140 | 138 | 159 |
| Total Liabilities | 354 | 440 | 481 | 558 | 684 | 1,108 | 1,218 | 1,367 |
| Fixed Assets | 119 | 144 | 186 | 196 | 250 | 327 | 427 | 482 |
| CWIP | 2 | 8 | 0 | 2 | 2 | 20 | 23 | 60 |
| Investments | 0 | 0 | 16 | 0 | 0 | 0 | 31 | 120 |
| Other Assets | 233 | 288 | 279 | 360 | 433 | 760 | 737 | 705 |
| Total Assets | 354 | 440 | 481 | 558 | 684 | 1,108 | 1,218 | 1,367 |
Cash Flow
| Particulars | Mar 2017 | Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | 64 | 35 | 67 | 34 | 96 | 78 | 55 | 137 |
| Investing | -27 | -44 | -16 | -19 | -74 | -285 | -26 | -161 |
| Financing | -31 | 4 | -55 | -16 | -22 | 259 | -25 | -22 |
| Net Cash Flow | 5 | -5 | -3 | 0 | 0 | 51 | 5 | -45 |
| Free Cash Flow | 36 | -10 | 62 | -2 | 22 | -32 | -78 | -1 |
| CFO/OP | 94 | 65 | 291 | 46 | 76 | 65 | 51 | 81 |
Ratios
| Particulars | Mar 2017 | Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 75 | 76 | 142 | 93 | 66 | 80 | 88 | 80 |
| Inventory Days | 132 | 103 | 288 | 218 | 153 | 170 | 197 | 211 |
| Days Payable | 89 | 69 | 90 | 60 | 46 | 49 | 37 | 40 |
| Cash Conversion Cycle | 118 | 110 | 340 | 252 | 174 | 201 | 247 | 251 |
| Working Capital Days | 84 | 108 | 224 | 129 | 88 | 127 | 154 | 150 |
| ROCE % | — | 28% | — | 20% | 33% | 22% | 16% | 17% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Flair Writing Industries insights
59 extracted metrics + investor summaries across FY17–FY26.
Documents
1
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
12h - The Company has scheduled an Earnings Conference Call on Friday, May 22, 2026 at 12:00 P.M. (Indian Standard Time) to discuss the Audited Financial Results … 12h - The Company has scheduled an Earnings Conference Call on Friday, May 22, 2026 at 12:00 P.M. (Indian Standard Time) to discuss the Audited Financial Results …
2
Board Meeting Intimation for Consideration Of The Audited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Year Ended March 31, 2026 And To Consider Declaration Of Final Dividend For FY 2025-26.
8 May - Board meets May 21, 2026 to approve FY26 audited results and consider final dividend. 8 May - Board meets May 21, 2026 to approve FY26 audited results and consider final dividend.
3
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Copy of certificate received from our Registrar and Transfer Agent M/s. MUFG Intime India Private Limited for the quarter ended March 31, 2026. 9 Apr - Copy of certificate received from our Registrar and Transfer Agent M/s. MUFG Intime India Private Limited for the quarter ended March 31, 2026.
4
Closure of Trading Window
27 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited results for quarter/year ending Mar 31, 2026. 27 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited results for quarter/year ending Mar 31, 2026.
5
Update On The Earlier Intimation Dated September 30, 2025.
27 Mar - Order under Section 74: ITC demand Rs73.14L, penalty Rs73.14L; received March 27, 2026; appeal planned. 27 Mar - Order under Section 74: ITC demand Rs73.14L, penalty Rs73.14L; received March 27, 2026; appeal planned.
Frequently Asked Questions about Flair Writing Industries
What does Flair Writing Industries Ltd do?
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]
Where is Flair Writing Industries Ltd (FLAIR) listed?
Flair Writing Industries Ltd trades as FLAIR on the NSE and under code 544030 on the BSE.
Which sector does Flair Writing Industries Ltd belong to?
Flair Writing Industries Ltd is classified under the Consumer Goods sector, in the Stationary industry.
What is the market capitalisation of Flair Writing Industries Ltd?
Flair Writing Industries Ltd has a market capitalisation of ₹2,493 Cr, which places it in the Small Cap band.
What is the PE ratio of Flair Writing Industries Ltd?
Flair Writing Industries Ltd trades at a PE ratio of 17.80, on earnings per share of ₹10.75, against a book value of ₹108.32 per share.
What is the 52-week high and low of Flair Writing Industries Ltd?
Over the last 52 weeks Flair Writing Industries Ltd has traded between ₹234.95 and ₹345.
Does Flair Writing Industries Ltd pay dividends?
Flair Writing Industries Ltd has a dividend yield of 0.42%.
What is the Return on Equity (ROE) of Flair Writing Industries Ltd?
Flair Writing Industries Ltd reported a return on equity of 12.37%. Its debt-to-equity ratio is 0.06.
Company Information
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]
Website flairworld.in
CEO Mr. Khubilal Jugraj Rathod
Employees 5,441
Listed 2023-12-01
Face Value ₹ 5
Issued Size 10,53,95,378
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