Flair Writing Industries Ltd

Flair Writing Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Flair Writing Industries Ltd

₹ 260 -1.46%
21 Nov - close price
flairworld.in BSE: 544030 NSE: FLAIR
About

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]

Key Points

Market share[1] Flair is among the top three players in the writing instruments industry and occupies a 9% market share in India and a 7% export market share as of FY23

Website BSE NSE
  • Market Cap ₹ 2,737 Cr.
  • Current Price ₹ 260
  • High / Low ₹ 514 / 246
  • Stock P/E 24.4
  • Book Value ₹ 90.9
  • Dividend Yield 0.00 %
  • ROCE 22.2 %
  • ROE 17.8 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Printing & Stationery Industry: Printing & Stationery

Part of BSE IPO BSE Allcap BSE SmallCap BSE Fast Moving Consumer Goods

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
232 260 247 257 225 250 247 270
179 207 194 203 190 200 205 220
Operating Profit 53 53 52 54 35 51 42 51
OPM % 23% 21% 21% 21% 15% 20% 17% 19%
2 1 2 3 4 6 5 5
Interest 3 3 3 3 3 1 1 1
Depreciation 7 7 8 9 9 10 10 11
Profit before tax 46 45 43 44 26 45 35 44
Tax % 28% 26% 25% 25% 27% 25% 26% 25%
33 33 32 33 19 34 26 33
EPS in Rs 14.25 3.55 3.44 3.57 1.82 3.26 2.51 3.12
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
419 573 298 577 942 979 992
333 478 275 480 758 787 815
Operating Profit 86 95 23 98 184 192 178
OPM % 20% 17% 8% 17% 20% 20% 18%
4 6 13 10 12 15 20
Interest 9 17 12 10 10 11 7
Depreciation 12 15 22 24 27 37 40
Profit before tax 69 69 2 73 158 159 151
Tax % 27% 29% 55% 25% 26% 25%
50 49 1 55 117 118 112
EPS in Rs 2,512.00 2,255.49 0.42 23.62 12.54 11.29 10.71
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 49%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 396%
TTM: -15%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 22%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3 3 23 23 47 53 53
Reserves 171 259 238 294 388 846 905
94 89 130 131 123 69 52
86 89 89 110 126 140 143
Total Liabilities 354 440 481 557 684 1,108 1,153
119 144 186 196 250 327 344
CWIP 2 8 0 2 2 20 33
Investments 0 0 16 0 0 0 0
233 288 279 360 433 760 777
Total Assets 354 440 481 557 684 1,108 1,153

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2021 Mar 2022 Mar 2023 Mar 2024
64 35 67 35 98 78
-27 -44 -16 -20 -74 -285
-31 4 -55 -16 -24 259
Net Cash Flow 5 -5 -3 -0 0 51

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 75 76 142 93 66 80
Inventory Days 132 103 288 218 153 170
Days Payable 89 69 90 60 46 49
Cash Conversion Cycle 118 110 340 252 174 201
Working Capital Days 84 108 248 164 116 134
ROCE % 28% 20% 33% 22%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2023Mar 2024Jun 2024Sep 2024
78.59% 78.59% 78.59% 78.59%
1.38% 0.25% 0.14% 0.02%
9.57% 10.85% 11.34% 11.37%
10.46% 10.30% 9.92% 10.02%
No. of Shareholders 84,16081,50074,07467,556

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

DRHP

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