Flair Writing Industries Ltd
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]
- Market Cap ₹ 3,360 Cr.
- Current Price ₹ 319
- High / Low ₹ 514 / 246
- Stock P/E 28.4
- Book Value ₹ 85.3
- Dividend Yield 0.00 %
- ROCE 22.1 %
- ROE 17.8 %
- Face Value ₹ 5.00
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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
419 | 573 | 298 | 577 | 942 | 979 | |
333 | 478 | 275 | 480 | 758 | 787 | |
Operating Profit | 86 | 95 | 23 | 98 | 184 | 191 |
OPM % | 20% | 17% | 8% | 17% | 20% | 20% |
4 | 6 | 13 | 10 | 12 | 15 | |
Interest | 9 | 17 | 12 | 10 | 9 | 10 |
Depreciation | 12 | 15 | 22 | 24 | 27 | 37 |
Profit before tax | 69 | 69 | 2 | 73 | 159 | 159 |
Tax % | 27% | 29% | 55% | 25% | 26% | 25% |
50 | 49 | 1 | 55 | 118 | 118 | |
EPS in Rs | 2,512.00 | 2,255.49 | 0.42 | 23.62 | 12.66 | 11.29 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 49% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 396% |
TTM: | 0% |
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 | |
---|---|---|---|---|---|---|
Equity Capital | 3 | 3 | 23 | 23 | 47 | 53 |
Reserves | 171 | 259 | 238 | 294 | 388 | 846 |
94 | 89 | 130 | 131 | 123 | 69 | |
86 | 89 | 89 | 110 | 126 | 140 | |
Total Liabilities | 354 | 440 | 481 | 557 | 684 | 1,108 |
119 | 144 | 186 | 196 | 250 | 327 | |
CWIP | 2 | 8 | 0 | 2 | 2 | 20 |
Investments | 0 | 0 | 16 | 0 | 0 | 0 |
233 | 288 | 279 | 360 | 433 | 760 | |
Total Assets | 354 | 440 | 481 | 557 | 684 | 1,108 |
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 | 96 | 78 | |
-27 | -44 | -16 | -20 | -74 | -285 | |
-31 | 4 | -55 | -16 | -22 | 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 | 117 | 134 |
ROCE % | 28% | 20% | 33% |
Documents
Announcements
- Comments Of The Board Members For The Fine Levied For Delayed Compliance Under Regulation 23(9) Of The SEBI (LODR) Regulations, 2015. 1d
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Announcement under Regulation 30 (LODR)-Change in Management
1d - The Board of the Company has approved the appointment of Mr. Alpesh Ambalal Porwal as the Chief Financial Officer, a KMP of the Company.
- Board Meeting Outcome for Appointment Of Chief Financial Officer Mr. Alpesh Ambalal Porwal W.E.F. July 03, 2024. 1d
-
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
29 Jun - About change in KMP- Resignation of CFO- Mr. Mayur Dhansukhlal Gala.
-
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
29 Jun - Disclosure regarding notices imposing fine on the Company by National Stock Exchange of India Limited and BSE Limited.
Concalls
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Jun 2024Transcript PPT
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Feb 2024Transcript PPT
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Dec 2023Transcript PPT
Market share[1] Flair is among the top three players in the writing instruments industry occupies a 9% market share in India in FY23.