Flair Writing Industries Limited (FLAIR) AI Stock Analysis

• Market Cap: ₹33.31B
• Dividend Yield: 0.33%
• Average Volume (3M): 5.45K
• Price to Earnings (P/E): 25.6
• Beta (1Y): 1.21
• Revenue Growth: 18.12%
• EPS Growth: 14.91%
• Country: IN
• Employees: 5,311
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Business Equipment & Supplies
• EPS (TTM): 4.00
• Shares Outstanding: 105,395,380
• 10 Day Avg. Volume: 2,651
• 30 Day Avg. Volume: 5,453
• PEG Ratio: -3.03
• Price to Book (P/B): 2.45
• Price to Sales (P/S): 2.31
• P/FCF Ratio: -31.43
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: ₹332.00 ▲(5.87% Upside)

The overall stock score of 66 reflects strong financial performance with robust revenue growth and profitability. However, technical indicators suggest a bearish trend, and the valuation is moderate with a low dividend yield. The lack of earnings call data and corporate events limits further insights.

Positive Factors

Revenue Growth

Consistent revenue growth reflects strong market demand and competitive positioning, indicating the company's ability to expand its market reach and product adoption over time.

Balance Sheet Strength

A strong balance sheet with low leverage enhances financial stability and reduces risk, providing the company with the flexibility to invest in growth opportunities and weather economic downturns.

Operational Efficiency

Improved operational efficiency, as indicated by higher gross profit margins, suggests the company is effectively managing costs and optimizing production processes, which supports long-term profitability.

Negative Factors

Negative Free Cash Flows

Negative free cash flows can strain liquidity and limit the company's ability to invest in growth initiatives, necessitating better cash management to ensure sustainable operations.

Debt Levels

Increasing debt levels, if not managed properly, can lead to higher financial risk and interest obligations, potentially impacting the company's long-term financial health and investment capacity.

Net Profit Margin Stability

Stable net profit margins, despite revenue growth, suggest potential inefficiencies or rising costs that could hinder the company's ability to translate revenue gains into higher profitability.

Flair Writing Industries Limited Business Overview & Revenue Model

Company Description

Flair Writing Industries Limited manufactures and sells writing instruments in India. The company offers ball, fountain, gel, roller, and metal pens; stationery products, including mechanical pencils, highlighters, correction pens, markers, gel crayons, and kids' stationery kits; refills; watercolors, crayons, sketch pens, erasers, wooden pencils, geometry boxes, fine liners, sharpeners, and scales; and calculators under the Flair, Hauser, Pierre Cardin, Flair Creative, Flair Houseware, and the ZOOX brands. It also provides a range of houseware products, including casseroles, bottles, storage containers, serving solutions, cleaning solutions, and basket and paper bins. The company also exports its products. Flair Writing Industries Limited was founded in 1976 and is based in Mumbai, India.

How the Company Makes Money

FLAIR generates revenue primarily through the sale of its writing instruments and stationery products. The company employs a multi-channel distribution strategy, selling directly to retailers, online platforms, and through wholesale distributors. Key revenue streams include bulk orders from educational institutions and corporate clients, which often result in significant volume sales. Additionally, FLAIR has established strategic partnerships with major retailers and online marketplaces, enhancing its market reach and brand visibility. Seasonal promotions and product launches also contribute to revenue fluctuations, while ongoing investments in marketing and product development help maintain and grow its customer base.

Flair Writing Industries Limited Financial Statement Overview

Summary

Flair Writing Industries Limited demonstrates strong revenue growth and profitability, supported by a solid balance sheet with low leverage. However, negative free cash flows due to high capital expenditures indicate a need for improved cash management.

Income Statement

Flair Writing Industries Limited has shown impressive growth in revenue, with a significant increase from the previous year, indicating strong market demand and competitive positioning. The gross profit margin improved considerably, suggesting enhanced operational efficiency. The EBIT and EBITDA margins are robust, reinforcing the company's profitability. However, while the net profit margin remains stable, it hasn't increased at the same rate as revenue, suggesting potential areas for cost optimization.

Balance Sheet

The company's balance sheet is strong, with a healthy equity ratio indicating financial stability and a low debt-to-equity ratio that minimizes financial risk. Return on equity has remained solid, reflecting effective use of shareholders' capital. However, total debt levels have slightly increased, which could pose a risk if not managed carefully.

Cash Flow

Cash flow analysis reveals a challenging scenario with negative free cash flows, primarily due to high capital expenditures. Despite this, operating cash flow remains positive, suggesting the core business is generating cash. The operating cash flow to net income ratio indicates efficient cash generation from operations, but the free cash flow to net income ratio highlights potential liquidity concerns that need addressing.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	11.21B	10.80B	9.69B	9.35B	5.70B	2.92B
Gross Profit	5.69B	5.48B	2.22B	2.11B	1.27B	318.84M
EBITDA	2.06B	1.85B	2.06B	1.95B	1.08B	361.20M
Net Income	1.22B	1.20B	1.19B	1.17B	551.51M	9.89M
Balance Sheet
Total Assets	0.00	12.18B	11.08B	6.84B	5.58B	4.81B
Cash, Cash Equivalents and Short-Term Investments	1.45B	1.45B	2.34B	7.94M	3.33M	169.97M
Total Debt	0.00	618.29M	688.47M	1.23B	1.31B	1.38B
Total Liabilities	-10.18B	2.00B	2.09B	2.49B	2.39B	2.19B
Stockholders Equity	10.18B	10.18B	8.99B	4.35B	3.18B	2.62B
Cash Flow
Free Cash Flow	0.00	-794.59M	-325.15M	143.64M	-120.71M	495.22M
Operating Cash Flow	0.00	543.50M	776.40M	979.31M	350.43M	598.90M
Investing Cash Flow	0.00	-244.10M	-2.85B	-735.94M	-194.97M	-186.33M
Financing Cash Flow	0.00	-253.10M	2.59B	-238.26M	-158.83M	-441.74M

Flair Writing Industries Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 313.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:FLAIR, the sentiment is Positive. The current price of 313.6 is above the 20-day moving average (MA) of 307.04, above the 50-day MA of 304.84, and above the 200-day MA of 293.46, indicating a bullish trend. The MACD of 5.05 indicates Negative momentum. The RSI at 62.05 is Neutral, neither overbought nor oversold. The STOCH value of 73.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:FLAIR.

Flair Writing Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OSWALAGRO	68 Neutral	₹7.19B	5.65	―	―	―	―
FLAIR	66 Neutral	₹33.31B	25.57	―	0.33%	18.12%	14.91%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
ICEMAKE	58 Neutral	₹11.48B	77.98	―	0.28%	33.81%	-39.04%
EVEREADY	55 Neutral	₹23.53B	51.91	―	0.46%	7.37%	-39.19%
KOKUYOCMLN	49 Neutral	₹8.81B	48.19	―	0.55%	-3.15%	-15.95%

Flair Writing Industries Limited Corporate Events

Flair Writing Blocks Insider Trading Ahead of Q3 FY2026 Results

Flair Writing Industries Limited has announced the closure of its trading window for designated persons and their immediate relatives from 1 January 2026 until 48 hours after the company announces its unaudited financial results for the quarter and nine months ended 31 December 2025. The move, undertaken in line with SEBI’s Prohibition of Insider Trading Regulations and the company’s internal code of conduct, is a routine compliance step aimed at preventing insider trading and ensuring fair disclosure practices ahead of the forthcoming financial results, with the board meeting date for approving these results to be communicated separately.

Flair Writing Industries Releases Earnings Call Recording

Flair Writing Industries Limited has announced the availability of the audio recording of its earnings conference call, which discussed the company’s performance for the quarter and half-year ending September 30, 2025. This move reflects the company’s commitment to transparency and communication with its stakeholders, providing them with insights into its financial health and strategic direction.

Flair Writing Industries Announces HR Head’s Departure Due to Health Reasons

Flair Writing Industries Limited has announced the cessation of Mrs. Vijaya Mallya from her role as Head of Human Resources, effective November 6, 2025. This decision was made due to her prolonged medical condition, which has been acknowledged and approved in line with the company’s employment terms and policies.

Flair Writing Industries Releases Q2 2025 Monitoring Report

Flair Writing Industries Limited has released its Monitoring Agency Report for the quarter ending September 30, 2025, prepared by ICRA Limited. This report details the utilization of proceeds from the company’s Initial Public Offer (IPO), in compliance with SEBI regulations. The report is available on the company’s website, reflecting transparency in financial operations and potentially impacting stakeholder confidence positively.