Flair Writing Industries
Consumer Goods
FLAIR NSE
₹239.13 +3.61 (+1.53%)
- P/E
- 18.03
Close 4 Nov 2026 ₹239.13 −90.87 −27.5% 1Y
Start ₹330.00
Key Fundamentals
MicrocapHousehold ProductsFMCGPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 16.80%
- Debt to Equity
- 0.06
- EPS (TTM)
- ₹13.26
- Book Value
- ₹113.50
- Market Cap
- —
- P/E (TTM)
- 18.03
- P/B
- 2.11
- ROE
- 12.90%
- Dividend Yield
- 0.21%
- EBITDA
- ₹245 Cr
- 52W High
- ₹345.00
- 52W Low
- ₹216.82
- Day Range
- ₹231.21 – ₹240.88
- Volume
- 52,247
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
57 Good
Data confidence 100/100
Category scores
- Quality
- 64
- Good
- Returns, margins, earnings quality 22% weight
- Valuation
- 45
- Weak
- Cheap vs sector & own history 24% weight
- Growth
- 66
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 87
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 16
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 73
- Strong
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
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
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bullish | 5 | 6 | 8 |
| Oscillators | Bullish | 1 | 6 | 2 |
| Moving Averages | Strong Bullish | 4 | 0 | 6 |
Oscillators
Bullish
Bearish
1
Neutral
6
Bullish
2
Overall
Bullish
Bearish
5
Neutral
6
Bullish
8
Moving Averages
Strong Bullish
Bearish
4
Neutral
0
Bullish
6
Key readings
- RSI (14)
- 55.71
- Neutral
- MACD (12,26,9)
- 0.23
- Bullish
- SMA (50)
- 236.37
- Bullish
- SMA (200)
- 278.72
- Bearish
As of
Analyst Rating
Based on 5 analysts
5 of 5 analysts rate Buy, 0 Hold, 0 Sell.
As of
BUY
5
100% HOLD
0
0% SELL
0
0% Growth Rate
From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 5Y | +33.21% |
|---|---|
| 3Y | +9.89% |
| 1Y | +15.74% |
| TTM | +14.17% |
Net profit
| 5Y | +169.06% |
|---|---|
| 3Y | +6.12% |
| 1Y | +18.49% |
| TTM | +16.39% |
Operating cash flow
| 5Y | +15.38% |
|---|---|
| 3Y | +12.59% |
| 1Y | +149.09% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 5Y | +10.28 pp |
|---|---|
| 3Y | −1.53 pp |
| 1Y | +0.87 pp |
| TTM | +0.60 pp |
Revenue by year
| Mar 2017 | ₹419 Cr |
|---|---|
| Mar 2018 | ₹573 Cr |
| Mar 2021 | ₹298 Cr |
| Mar 2022 | ₹577 Cr |
| Mar 2023 | ₹942 Cr |
| Mar 2024 | ₹979 Cr |
| Mar 2025 | ₹1,080 Cr |
| Mar 2026 | ₹1,250 Cr |
Net profit by year
| Mar 2017 | ₹50.00 Cr |
|---|---|
| Mar 2018 | ₹49.00 Cr |
| Mar 2021 | ₹1.00 Cr |
| Mar 2022 | ₹56.00 Cr |
| Mar 2023 | ₹118 Cr |
| Mar 2024 | ₹118 Cr |
| Mar 2025 | ₹119 Cr |
| Mar 2026 | ₹141 Cr |
Analyst Forecasts
Forecast For
Dec 26 consensus · EBITDA
₹59.10 Cr +1.5% vs Sep 26
Reported High Mean Low
Quarterly Results
₹ Cr| 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 (₹) | 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
₹ Cr| 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 | 24.6 | 21 | 19 |
| Interest | 9 | 17 | 12 | 9 | 9 | 11 | 5 | 5.19 | 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 (₹) | Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank. | Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank. | Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank. | 24.08 | 12.66 | 11.29 | 11.35 | 13.26 | 13.26 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 9% | 4% | — |
Balance Sheet
₹ Cr| 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
₹ Cr| 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
62 extracted metrics across FY17–FY27.
Documents
- Q1 FY27 concall · Aug 2026Transcript PPT Recording
- Q4 FY26 concall · May 2026Transcript PPT Recording
- Q3 FY26 concall · Feb 2026Transcript PPT
- Q2 FY26 concall · Nov 2025Transcript PPT Recording
- Q1 FY26 concall · Aug 2025Transcript PPT Recording
- 29 Jan 2026
- General announcements 2 Nov 2026
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
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 PE ratio of Flair Writing Industries Ltd?
Flair Writing Industries Ltd trades at a PE ratio of 18.03 as of 4 Nov 2026, on earnings per share of ₹13.26, against a book value of ₹113.5 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 ₹216.82 and ₹345 as of 4 Nov 2026.
Does Flair Writing Industries Ltd pay dividends?
Flair Writing Industries Ltd has a dividend yield of 0.21%.
What is the Return on Equity (ROE) of Flair Writing Industries Ltd?
Flair Writing Industries Ltd reported a return on equity of 12.90%. 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
Website flairworld.in
CEO Mr. Khubilal Jugraj Rathod
Employees 5,441
Listed 1 Dec 2023
Face Value ₹5
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