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Flair Writing Industries Limited
(FLAIR)
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Rating:62Neutral
Price Target:
₹234.00
▼(-8.38% Downside)
Action:Reiterated
Date:08/23/26
The score is primarily supported by solid financial fundamentals (especially a stronger, low-leverage balance sheet and sustained profitability), but it is held back by weak cash generation and negative free cash flow in recent years. Technically, the stock is in a downtrend below major moving averages with negative MACD, while valuation appears moderate with a low dividend yield.
Positive Factors
Low and improving leverage
The sharp reduction in debt-to-equity indicates a conservative capital structure with lower financial strain and greater resilience if operating conditions weaken. Low leverage also preserves borrowing capacity and allows more flexibility to fund expansion, working capital, or other strategic priorities over the coming quarters.
Negative Factors
Weak cash conversion
Cash generation has not consistently matched reported profitability, indicating pressure from working capital or other cash-conversion factors. Negative free cash flow reduces financial flexibility, limits internally funded investment, and makes sustained improvement in operating cash generation important for the company’s longer-term quality.
Read all positive and negative factors
Positive Factors
Negative Factors
Low and improving leverage
The sharp reduction in debt-to-equity indicates a conservative capital structure with lower financial strain and greater resilience if operating conditions weaken. Low leverage also preserves borrowing capacity and allows more flexibility to fund expansion, working capital, or other strategic priorities over the coming quarters.
Read all positive factors
Flair Writing Industries Limited (FLAIR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹24.24B
Dividend Yield0.43%
Average Volume (3M)8.55K
Price to Earnings (P/E)17.4
Beta (1Y)1.19
Revenue Growth14.23%
EPS Growth14.77%
CountryIN
Employees7,228
SectorGeneral
Sector StrengthN/A
IndustryBusiness Equipment & Supplies
Share Statistics
EPS (TTM)13.26
Shares Outstanding105,395,380
10 Day Avg. Volume6,833
30 Day Avg. Volume8,552
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
₹409.00Price Target Upside60.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)14.47
Revenue Forecast (FY)₹14.31B
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 Writing Industries Limited primarily makes money by selling writing instruments and stationery products. Its core revenue stream is the sale of pens and related products under its brands through a multi-channel go-to-market model that typica...
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 | 12.81B | 12.50B | 10.80B | 9.69B | 9.35B | 5.70B |
| Gross Profit | 4.47B | 3.70B | 5.48B | 2.22B | 2.11B | 1.27B |
| EBITDA | 2.40B | 2.25B | 1.85B | 2.06B | 1.95B | 1.08B |
| Net Income | 1.40B | 1.40B | 1.20B | 1.19B | 1.17B | 551.51M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 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 | 0.00 | 662.90M | 618.29M | 688.47M | 1.23B | 1.31B |
| Total Liabilities | -11.43B | 2.24B | 2.00B | 2.09B | 2.49B | 2.39B |
| Stockholders Equity | 11.43B | 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
255.40
Price Trends
237.04
Negative
248.86
Negative
279.58
Negative
Market Momentum
-1.58
Negative
46.51
Neutral
60.82
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 255.4 is above the 20-day moving average (MA) of 229.62, above the 50-day MA of 237.04, and below the 200-day MA of 279.58, indicating a neutral trend. The MACD of -1.58 indicates Negative momentum. The RSI at 46.51 is Neutral, neither overbought nor oversold. The STOCH value of 60.82 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | ₹24.24B | 17.39 | ― | 0.43% | 14.23% | 14.77% | |
61 Neutral | ₹5.32B | 17.16 | ― | 1.54% | -0.98% | -14.07% | |
60 Neutral | ₹110.76B | 50.91 | ― | 0.20% | 19.94% | 4.63% | |
56 Neutral | ₹7.45B | 34.14 | ― | 0.41% | 6.21% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:FLAIR
Flair Writing Industries Limited
230.00
-81.18
-26.09%
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IN:LINC
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Flair Writing Industries Limited Corporate Events
Flair Writing Files SEBI Dematerialisation Compliance Certificate for Q2 FY2026-27
Oct 12, 2026
Flair Writing Industries Limited has submitted a quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the period ended September 30, 2026. The certificate, issued by its Registra...
Flair Writing Schedules Q1 FY27 Earnings Call for August 12
Aug 5, 2026
Flair Writing Industries Limited has scheduled an earnings conference call on August 12, 2026, at 12:00 p.m. IST to discuss its unaudited financial results for the quarter ended June 30, 2026. The call will feature key members of the management te...
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.