Flair Writing Industries Limited (FLAIR) AI Stock Analysis

• Market Cap: ₹33.09B
• Dividend Yield: 0.34%
• Average Volume (3M): 5.45K
• Price to Earnings (P/E): 27.2
• Beta (1Y): 1.00
• 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: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: ₹332.00 ▲(10.94% 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 (FLAIR) is a leading manufacturer and supplier of high-quality writing instruments and stationery products. Established in the heart of the stationery industry, FLAIR specializes in a diverse range of products, including pens, markers, and notebooks, catering to both educational and professional markets. The company is dedicated to innovation and quality, ensuring that its products meet the evolving needs of consumers in various sectors, including schools, offices, and retail.

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: Neutral
• Last Price: 299.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• 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 Neutral. The current price of 299.25 is below the 20-day moving average (MA) of 311.70, below the 50-day MA of 312.49, and above the 200-day MA of 280.29, indicating a neutral trend. The MACD of -3.48 indicates Positive momentum. The RSI at 44.29 is Neutral, neither overbought nor oversold. The STOCH value of 21.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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
FLAIR	66 Neutral	₹33.09B	27.18	―	0.34%	18.12%	14.91%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
ICEMAKE	58 Neutral	₹11.22B	62.44	―	0.32%	33.81%	-39.04%
EVEREADY	55 Neutral	₹27.12B	32.55	―	0.45%	7.37%	-39.19%
KOKUYOCMLN	49 Neutral	₹10.53B	-3,015.80	―	0.53%	-3.15%	-15.95%

Flair Writing Industries Limited Corporate Events

‘The Right Move’: Flair Writing’s Sustainable Pencil Campaign

Flair Writing Industries Limited has launched ‘The Right Move’ campaign, introducing the Move 2MM Mechanical Pencil, which is refillable and not made of wood, yet maintains a wooden feel. This initiative highlights the company’s dedication to sustainability and innovation, aiming to influence purchasing decisions across generations and position Flair as a leader in environmentally responsible stationery solutions.

Flair Writing Industries Faces CGST Show-Cause Notice

Flair Writing Industries Limited has received a show-cause notice from the Office of the Assistant Commissioner of CGST and C. Ex. Division-X Mumbai East, concerning a tax and penalty amounting to Rs. 1,46,28,378 for the period April 2019 to March 2020. The company plans to challenge the notice, asserting that there will be no material impact on its financials or operations, with the final liability to be determined based on the appeal outcome.