On 6 Nov 2026, Flair Writing Industries was priced at ₹248.73, or 19.7× trailing earnings, against an industry P/E of 19.7×, and the shares are 28% below their 52-week high. It earns ROCE of 16% and ROE of 11%, and sales and net profit grew 9.9% and 6.1% a year over 3 years. It has almost no debt, and its dividend yield is 0.4%. It is a small-cap company with a market cap of ₹2,621 Cr, ranked 2nd of 8 Business Equipment & Supplies companies by market cap; the shares fell 21% over the past year.
- ₹246.00
- ₹249.99
- ₹243.71
- ₹248.68
- 1.2 L
Health check
- ReturnsIn line
−20.9% over a year, better than 3 of 7 peers.
- Price tagIn line
P/E 19.7 vs industry 19.7.
- GrowthSteady
Sales +9.9%, profit +6.1% a year over 3 years.
- ProfitabilityAverage
ROCE 15.7% vs peer median 9.5%.
- Balance sheetSolid
Practically debt-free, Piotroski 6 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹2,621 Cr
- Small cap
- P/E
- 19.7
- Industry 19.7
- Price to book
- 2.19
- Peers 2.06
- Dividend yield
- 0.40%
- ROE
- 11.5%
- Peers 7.3%
- ROCE
- 15.7%
- Peers 9.5%
- Debt to equity
- 0.05
- Debt ₹57 Cr
- EPS (TTM)
- ₹12.61
- Face value ₹5
- OPM (TTM)
- 17.2%
- Net margin 9.9%
- Sales growth
- +10.6%
- Latest quarter vs a year ago
- Profit growth
- −0.3%
- Latest quarter vs a year ago
- Price to sales
- 2.02
- EV/EBITDA 12.5
Strengths and risks
Strengths
- Practically debt-free.
- Positive operating cash flow in each of the last 4 years.
About Flair Writing Industries
Flair Writing Industries Limited manufactures and sells writing instruments, stationeries, and other allied products in India and internationally. The company offers ball, fountain, gel, roller, plastic, and metal pens; mechanical pencils, correction pens, and refills; sketch pens, colour pencils, wax crayons, oil pastels, activity kits and school stationery sets; art and hobby products; calculators; stainless steel vacuum-insulated bottles, flasks, and…
- Headquarters
- Mumbai
- Employees
- 7,228
- Sector
- Industrials
- ISIN
- INE00Y201027
- Website
- flairworld.in
Price range
- Avg volume (3M)
- 96.9K
- 1-year return
- minus 20.9%
- From 52-week high
- minus 27.9%
Analyst consensus
Peers · Business Equipment & Supplies
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DOMSDOMS Industries | 2,053.90 | plus 0.20% | 12,465 | 63.7 | 9.72 | 23.4% | 15.9% | 14.6% | 24.2% | 33.9% | 0.18% | minus 19.1% |
| FLAIRFlair Writing Industries | 248.73 | plus 0.02% | 2,621 | 19.7 | 2.19 | 15.7% | 11.5% | 17.2% | 9.9% | 6.1% | 0.40% | minus 20.9% |
| CONTROLPRControl Print | 598.65 | plus 0.89% | 954 | 28.6 | 2.04 | 16.0% | 7.3% | 17.5% | 16.6% | −6.2% | 1.67% | minus 18.0% |
| KOKUYOCMLNKokuyo Camlin | 71.94 | minus 1.34% | 722 | 32.7 | 2.24 | 10.7% | 7.9% | 4.5% | 1.3% | 0.5% | 0.40% | minus 30.4% |
| LINCLinc | 89.20 | minus 5.61% | 531 | 16.8 | 2.06 | – | 12.3% | 10.7% | 3.8% | −4.3% | 1.59% | minus 26.6% |
| KSHITIJPOLKshitij Polyline | 3.12 | minus 1.27% | 48 | 10.8 | 0.68 | 8.3% | 6.9% | 3.6% | 9.6% | 114.4% | 0.00% | plus 14.1% |
| TIHILTrans India House Impex | 2.91 | plus 0.69% | 21 | 13.2 | 0.29 | 6.2% | 4.2% | 7.5% | 27.3% | −12.9% | 0.00% | minus 65.6% |
| UNIOFFICEUniversal Office Automation | 7.37 | minus 4.90% | 11 | – | 4.78 | −0.1% | −0.6% | 0.0% | – | – | 0.00% | minus 12.3% |
| Median of 7 peers | – | −1.27% | 531 | 22.7 | 2.06 | 9.5% | 7.3% | 7.5% | 13.1% | −1.9% | 0.18% | −19.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 289 | 321 | 318 | 251 | 319 | |
| 239 | 261 | 261 | 213 | 266 | |
| 49.5 | 60.4 | 56.9 | 37.9 | 53.3 | |
| 17.2% | 18.8% | 17.9% | 15.1% | 16.7% | |
| 3.3 | 8.5 | 3.1 | 10.6 | 1.2 | |
| 1.2 | 1.5 | 1.2 | 0.6 | 1.3 | |
| 12.7 | 13.2 | 13.5 | 8.6 | 14.3 | |
| 38.8 | 54.2 | 45.4 | 39.3 | 39 | |
| 25.4% | 21.2% | 27.0% | 26.2% | 25.4% | |
| 28.6 | 42.6 | 32.7 | 29 | 28.6 | |
| 2.72 | 4.04 | 3.11 | 2.75 | 2.71 |
Profit & loss
- Sales CAGR 3Y
- +9.9%
- Profit CAGR 3Y
- +6.1%
- EPS CAGR 3Y
- +6.1%
- ROE
- 11.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 933 | 969 | 1,069 | 1,238 | |
| – | +3.9% | +10.3% | +15.8% | |
| 746 | 777 | 882 | 1,013 | |
| 186 | 192 | 187 | 225 | |
| 20.0% | 19.8% | 17.5% | 18.2% | |
| 6.1 | 11.4 | 20.9 | 19 | |
| 6 | 8.2 | 4 | 3.8 | |
| 27.3 | 36.8 | 44.7 | 53.1 | |
| −1.2 | 0.1 | −0.2 | 0 | |
| 158 | 159 | 159 | 187 | |
| 25.8% | 25.4% | 25.3% | 24.4% | |
| 117 | 119 | 120 | 140 | |
| – | +1.5% | +0.5% | +16.9% | |
| 11.12 | 12.19 | 11.35 | 13.26 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 46.7 | 52.7 | 52.7 | 52.7 | |
| 388 | 846 | 966 | 1,089 | |
| 123 | 68.8 | 61.8 | 66.3 | |
| 126 | 140 | 138 | 159 | |
| 684 | 1,108 | 1,218 | 1,367 | |
| 263 | 372 | 464 | 553 | |
| 15.8 | 46.7 | 38.9 | 72.2 | |
| 0.1 | 3 | 0 | 9.6 | |
| 0.8 | 215 | 144 | 131 | |
| 404 | 471 | 571 | 601 | |
| 684 | 1,108 | 1,218 | 1,367 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 97.9 | 76.3 | 55.5 | 137 | |
| −73.6 | −284 | −25.5 | −161 | |
| −23.8 | 259 | −25.3 | −21.5 | |
| 0.5 | 51.2 | 4.6 | −45.3 | |
| −74.5 | −110 | −134 | −141 | |
| 23.5 | −33.8 | −78.4 | −4 | |
| – | – | – | −15.8 |
Shareholding pattern
- Promoters78.59%
- Public21.41%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 78.59% | 21.41% | 0.00 | |
| 30 Jun 2026 | 78.59% | 21.41% | 0.00 | |
| 31 Mar 2026 | 78.59% | 21.41% | 0.00 | |
| 31 Dec 2025 | 78.59% | 21.41% | 0.00 | |
| 30 Sep 2025 | 78.59% | 21.41% | – |
Major shareholders
Filings & events
News
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