FLAIR

Flair Writing Industries Limited

Writing instruments and houseware products including pens and steel bottles

Fast Moving Consumer Goods›Fast Moving Consumer Goods›Household Products›Stationary

flairworld.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹233.25
Market cap
2,458 Cr
Stock P/E
17.6
P/B
2.15
Dividend yield
0.6%
ROE (FY26)
12.2%
ROCE (FY26)
16.3%
Operating margin (FY26)
13.7%
Debt / equity (FY26)
0.03
OCF / EBITDA (FY26)
61.1%
OCF / EBITDA (3Y)
44.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Flair (Flair Writing Industries) makes pens and other writing instruments, creative stationery such as pencils and colouring products, and steel bottles and houseware, sold mainly through distributors in India.

Company snapshot

3rdBy market cap

Ranked among 7 companies in Stationary.

What we see

Positives
  • ✓Debt-to-equity of 0.03x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Only 45% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.
1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales257 Cr225 Cr250 Cr247 Cr270 Cr265 Cr298 Cr289 Cr321 Cr318 Cr323 Cr319 Cr
Operating expenses (approx.)203 Cr190 Cr200 Cr205 Cr220 Cr219 Cr251 Cr239 Cr261 Cr261 Cr265 Cr266 Cr
EBITDA54 Cr35 Cr51 Cr42 Cr51 Cr45 Cr47 Cr50 Cr60 Cr57 Cr58 Cr53 Cr
OPM %20.9%15.4%20.2%17.0%18.7%17.1%15.7%17.2%18.8%17.9%17.9%16.7%
Other income3 Cr4 Cr6 Cr5 Cr5 Cr7 Cr8 Cr3 Cr9 Cr3 Cr6 Cr1 Cr
Interest3 Cr3 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr
Depreciation9 Cr9 Cr10 Cr10 Cr11 Cr12 Cr12 Cr13 Cr13 Cr13 Cr14 Cr14 Cr
Profit before tax44 Cr26 Cr45 Cr35 Cr44 Cr39 Cr41 Cr39 Cr54 Cr45 Cr49 Cr39 Cr
Tax %25.1%27.3%24.9%26.0%25.1%24.6%25.5%25.4%21.2%27.0%24.8%25.4%
Net profit33 Cr19 Cr34 Cr26 Cr33 Cr29 Cr31 Cr29 Cr43 Cr33 Cr37 Cr29 Cr
EPS (₹)₹3.57₹1.96₹3.52₹2.51₹3.12₹2.79₹2.93₹2.72₹4.04₹3.11₹3.40₹2.71

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales298 Cr577 Cr943 Cr979 Cr1,080 Cr1,250 CrSign in free for the trailing twelve months
Operating expenses (approx.)275 Cr480 Cr759 Cr787 Cr895 Cr1,026 CrSign in free for the trailing twelve months
EBITDA23 Cr98 Cr184 Cr191 Cr185 Cr225 CrSign in free for the trailing twelve months
OPM %7.7%16.9%19.5%19.5%17.1%18.0%Sign in free for the trailing twelve months
Other income13 Cr10 Cr12 Cr15 Cr25 Cr21 CrSign in free for the trailing twelve months
Interest11 Cr10 Cr9 Cr10 Cr5 Cr5 CrSign in free for the trailing twelve months
Depreciation22 Cr24 Cr27 Cr37 Cr45 Cr53 CrSign in free for the trailing twelve months
Profit before tax2 Cr73 Cr159 Cr159 Cr159 Cr187 CrSign in free for the trailing twelve months
Tax %53.7%24.9%25.6%25.4%25.3%24.4%Sign in free for the trailing twelve months
Net profit0.99 Cr55 Cr118 Cr118 Cr119 Cr141 CrSign in free for the trailing twelve months
EPS (₹)₹0.11₹5.91₹12.66₹12.19₹11.35₹13.26Sign in free for the trailing twelve months
Dividend payout %———0.0%0.0%11.2%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital23 Cr23 Cr47 Cr53 Cr53 Cr53 Cr
Reserves238 Cr294 Cr388 Cr846 Cr966 Cr1,089 Cr
Borrowings130 Cr126 Cr116 Cr43 Cr30 Cr37 Cr
Other liabilities89 Cr114 Cr133 Cr166 Cr171 Cr187 Cr
Total liabilities481 Cr557 Cr684 Cr1,108 Cr1,218 Cr1,367 Cr
Fixed assets (net)176 Cr190 Cr240 Cr301 Cr396 Cr454 Cr
CWIP—2 Cr2 Cr20 Cr23 Cr60 Cr
Investments16 Cr——0 Cr31 Cr120 Cr
Loans & advances———0.05 Cr0.35 Cr0.63 Cr
Inventories131 Cr184 Cr214 Cr226 Cr287 Cr354 Cr
Trade receivables116 Cr147 Cr171 Cr215 Cr259 Cr273 Cr
Cash & bank0.67 Cr0.33 Cr0.79 Cr52 Cr57 Cr11 Cr
Other assets40 Cr34 Cr57 Cr293 Cr166 Cr93 Cr
Total assets481 Cr557 Cr684 Cr1,108 Cr1,218 Cr1,367 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity60 Cr35 Cr96 Cr78 Cr54 Cr137 Cr
Cash from investing-16 Cr-19 Cr-74 Cr-285 Cr-24 Cr-161 Cr
Cash from financing-48 Cr-16 Cr-22 Cr259 Cr-25 Cr-22 Cr
Net cash flow-3 Cr-0.34 Cr0.51 Cr51 Cr5 Cr-45 Cr
Free cash flow (OCF − Capex)50 Cr-4 Cr22 Cr-33 Cr-79 Cr-4 Cr

Ratios

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %3.4%18.8%30.5%17.9%15.7%16.3%
ROE %0.4%17.4%27.2%13.2%11.7%12.2%
Debtor days1429366808780
Inventory days327201153166187206
Days payable1025546483539
Cash conversion cycle366239173198239247
OCF / EBITDA %262.6%35.9%52.6%40.6%29.4%61.1%
OCF / EBITDA % (3 years)——63.1%44.3%40.8%44.8%
Debt / equity0.500.400.270.050.030.03
Current ratio3.412.372.235.085.435.22
Net debt / EBITDA5.641.290.63-0.05-0.150.12