Flair Writing Industries Limited (IN:FLAIR)
:FLAIR
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Flair Writing Industries Limited
(FLAIR)
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Rating:61Neutral
Price Target:
₹281.00
▼(-10.40% Downside)
Action:Reiterated
Date:05/23/26
The score is driven primarily by strong balance-sheet quality and solid profitability, offset by weak cash conversion/negative free cash flow and a technically weak price trend (trading below key moving averages). Valuation is neutral with a modest P/E and low dividend yield.
Positive Factors
Low and improving leverage
A very low debt-to-equity (~0.06) and improving leverage provide durable financial flexibility and lower default risk. This conservative capital structure supports investment, distribution growth and withstands demand swings without forcing asset sales or heavy refinancing, aiding long-term stability.
Negative Factors
Weak cash conversion
Operating cash generation consistently lagging reported earnings and multi-year negative free cash flow constrain the company’s ability to self-fund growth, dividends or buffer downturns. Persistent cash-conversion gaps raise risk around sustaining investments without external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Low and improving leverage
A very low debt-to-equity (~0.06) and improving leverage provide durable financial flexibility and lower default risk. This conservative capital structure supports investment, distribution growth and withstands demand swings without forcing asset sales or heavy refinancing, aiding long-term stability.
Read all positive factors
Flair Writing Industries Limited (FLAIR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹28.03B
Dividend Yield0.33%
Average Volume (3M)5.45K
Price to Earnings (P/E)20.0
Beta (1Y)1.16
Revenue Growth15.77%
EPS Growth16.92%
CountryIN
Employees5,311
SectorConsumer Defensive
Sector Strength42
IndustryBusiness Equipment & Supplies
Share Statistics
EPS (TTM)12.47
Shares Outstanding105,395,380
10 Day Avg. Volume2,651
30 Day Avg. Volume5,453
Financial Highlights & Ratios
PEG Ratio1.27
Price to Book (P/B)2.62
Price to Sales (P/S)2.39
P/FCF Ratio-1.05K
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹411.00Price Target Upside31.06% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)15
Revenue Forecast (FY)₹14.37B
Flair Writing Industries Limited Business Overview & Revenue Model
Company Description
Flair Writing Industries Limited, an Indian firm, specializes in the manufacture and sale of an extensive range of writing instruments and various stationery items. Their comprehensive product catalog includes diverse pen types like ballpoint, fou...
How the Company Makes Money
FLAIR primarily makes money by selling writing instruments and stationery products to customers through a mix of business-to-business and business-to-consumer routes. Key revenue streams typically include: (1) branded product sales in India via ge...
Flair Writing Industries Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.72B | 12.50B | 10.80B | 9.69B | 9.35B | 5.70B |
| Gross Profit | 5.93B | 3.70B | 5.48B | 2.22B | 2.11B | 1.27B |
| EBITDA | 2.19B | 2.25B | 1.85B | 2.06B | 1.95B | 1.08B |
| Net Income | 1.31B | 1.40B | 1.20B | 1.19B | 1.17B | 551.51M |
Balance Sheet | ||||||
| Total Assets | 13.10B | 13.67B | 12.18B | 11.08B | 6.84B | 5.58B |
| Cash, Cash Equivalents and Short-Term Investments | 1.31B | 1.31B | 1.45B | 2.34B | 7.94M | 3.33M |
| Total Debt | 589.22M | 662.90M | 618.29M | 688.47M | 1.23B | 1.31B |
| Total Liabilities | 2.32B | 2.24B | 2.00B | 2.09B | 2.49B | 2.39B |
| Stockholders Equity | 10.78B | 11.42B | 10.18B | 8.99B | 4.35B | 3.18B |
Cash Flow | ||||||
| Free Cash Flow | -117.02M | -28.61M | -794.59M | -325.15M | 143.64M | -120.71M |
| Operating Cash Flow | 506.87M | 1.38B | 543.50M | 776.40M | 979.31M | 350.43M |
| Investing Cash Flow | -517.48M | -1.64B | -244.10M | -2.85B | -735.94M | -194.97M |
| Financing Cash Flow | -187.68M | -191.34M | -253.10M | 2.59B | -238.26M | -158.83M |
Flair Writing Industries Limited Technical Analysis
Negative
313.60
Price Trends
306.12
Negative
306.20
Negative
307.59
Negative
Market Momentum
-9.23
Negative
34.33
Neutral
49.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:FLAIR, the sentiment is Negative. The current price of 313.6 is above the 20-day moving average (MA) of 279.44, above the 50-day MA of 306.12, and above the 200-day MA of 307.59, indicating a bearish trend. The MACD of -9.23 indicates Negative momentum. The RSI at 34.33 is Neutral, neither overbought nor oversold. The STOCH value of 49.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:FLAIR.
Flair Writing Industries Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | ₹26.46B | 15.51 | ― | 0.46% | 8.25% | 108.04% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | ₹28.03B | 20.04 | ― | 0.33% | 15.77% | 16.92% | |
61 Neutral | ₹8.83B | 35.63 | ― | 0.55% | 5.70% | 325.40% | |
51 Neutral | ₹12.13B | 99.16 | ― | 0.28% | 39.35% | -47.24% | |
50 Neutral | ₹5.79B | -26.50 | ― | ― | -78.37% | -119.55% | |
49 Neutral | ₹5.82B | -9.29 | ― | ― | 13.77% | -832.24% |
* Consumer Defensive Sector Average
IN:FLAIR
Flair Writing Industries Limited
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Flair Writing Industries Limited Corporate Events
Flair Writing Closes Trading Window Ahead of June-Quarter Results
Jun 23, 2026
Flair Writing Industries Limited has announced the closure of its trading window for designated persons and their immediate relatives from July 1, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations. The window will remain s...
Flair Writing Completes Full Utilisation of IPO Proceeds, Final Monitoring Report Filed
May 12, 2026
Flair Writing Industries Limited has disclosed that its Initial Public Offer proceeds have been fully utilized in line with the objectives set out in its prospectus, as confirmed by a monitoring report from ICRA Limited for the quarter ended March...
Flair Writing Schedules Q4 and FY26 Earnings Call for May 22
May 11, 2026
Flair Writing Industries Limited has scheduled an earnings conference call on May 22, 2026, at 12:00 p.m. IST to discuss its audited financial results for the quarter and full year ended March 31, 2026. The company will subsequently publish a tran...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.