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Flair Writing Industries Limited
(FLAIR)
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Rating:62Neutral
Price Target:
₹263.00
▲(2.98% Upside)
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 very low and declining debt burden gives Flair greater resilience against operating volatility and interest costs. Expanding equity and assets add balance-sheet capacity to support product development, distribution, and measured growth.
Negative Factors
Weak cash conversion
Cash generation lagging accounting earnings suggests working-capital or collection pressure. If persistent, this could restrict investment, reduce financial flexibility, and make reported profitability less useful as a measure of internally generated funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Low and improving leverage
The very low and declining debt burden gives Flair greater resilience against operating volatility and interest costs. Expanding equity and assets add balance-sheet capacity to support product development, distribution, and measured growth.
Read all positive factors
Flair Writing Industries Limited (FLAIR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹25.07B
Dividend Yield0.42%
Average Volume (3M)18.52K
Price to Earnings (P/E)18.0
Beta (1Y)1.15
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. Volume8,900
30 Day Avg. Volume18,521
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)14.76
Revenue Forecast (FY)₹14.30B
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
252.51
Negative
277.17
Negative
290.64
Negative
Market Momentum
-3.82
Positive
34.19
Neutral
13.96
Positive
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 248.18, above the 50-day MA of 252.51, and below the 200-day MA of 290.64, indicating a bearish trend. The MACD of -3.82 indicates Positive momentum. The RSI at 34.19 is Neutral, neither overbought nor oversold. The STOCH value of 13.96 is Positive, 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 |
|---|---|---|---|---|---|---|---|
63 Neutral | ₹5.83B | 18.51 | ― | 1.53% | -0.98% | -14.07% | |
62 Neutral | ₹25.07B | 17.99 | ― | 0.42% | 14.23% | 14.77% | |
60 Neutral | ₹132.97B | 61.16 | ― | 0.31% | 19.94% | 4.63% | |
56 Neutral | ₹7.86B | 35.86 | ― | 0.38% | 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
238.50
-90.91
-27.60%
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2,188.55
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IN:KOKUYOCMLN
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79.02
-34.23
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IN:LINC
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98.00
-29.47
-23.12%
Flair Writing Industries Limited Corporate Events
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...
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...
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.