Flair Writing Industries Limited (FLAIR) AI Stock Analysis

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Flair Writing Industries Limited

(NSE:FLAIR)

Select Model

Rating:62Neutral

Price Target:INR 234.00▲(1.74% 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 leverageThe 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 conversionCash 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.

Flair Writing Industries Limited (FLAIR) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 24.30B
Dividend Yield: 0.43%
Average Volume (3M): 13.49K
Price to Earnings (P/E): 17.4
Beta (1Y): 1.19
Revenue Growth: 14.23%
EPS Growth: 14.77%
Country: India
Employees: 7,228
Sector: General
Sector Strength: 55
Industry: Business Equipment & Supplies

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, founta...

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 typically...

Flair Writing Industries Limited Financial Statement Overview

Summary

Strong balance sheet (low and improving leverage, expanding equity/assets) and solid profitability with revenue growth support the score. The main drag is weak cash conversion: operating cash flow has trailed net income and free cash flow was negative in 2024–2026 (though improving in 2026), which reduces financial flexibility.

Income Statement

74Positive

Balance Sheet

86Very Positive

Cash Flow

46Neutral

Financial statement breakdown
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	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	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

Technical Analysis SentimentNegative

Last Price230.00

Price Trends

50DMA237.04Negative

100DMA248.86Negative

200DMA279.58Negative

Market Momentum

MACD-1.58Negative

RSI46.51Neutral

STOCH60.82Neutral

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 230.00 is above the 20-day moving average (MA) of 229.62, below 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:FLAIR against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:DOMS	62Neutral	INR 110.76B	50.91	―	0.20%	19.94%	4.63%
IN:FLAIR	62Neutral	INR 24.24B	17.39	―	0.43%	14.23%	14.77%
IN:LINC	61Neutral	INR 5.32B	17.16	―	1.69%	-0.98%	-14.07%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:KOKUYOCMLN	46Neutral	INR 7.45B	34.14	―	0.41%	6.21%	―

* General Sector Average

Performance Comparison

IN:FLAIR and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:FLAIR	Flair Writing Industries Limited	230.00	-79.14	-25.60%
IN:DOMS	DOMS Industries Limited	1825.10	-729.43	-28.55%
IN:KOKUYOCMLN	Kokuyo Camlin Limited	74.30	-28.78	-27.92%
IN:LINC	Linc Limited	89.39	-38.72	-30.22%

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 Registrar a...

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 team,...

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.

Date of analysis: Aug 23, 2026

Flair Writing Industries Limited AI Stock Analysis

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