Flair Writing Industries Limited (FLAIR)

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Flair Writing Industries Limited (FLAIR) · mywealthgrid

About

Flair Writing Industries Limited manufactures stationery within Consumer Staples, with a market cap of ₹2,676 Cr and consolidated operating margins of 17.96%. The company maintains low leverage (D/E 0.03) and is 78.59% promoter-controlled, generating consistent profits across recent quarters.

Face value: ₹5

Market cap

₹2,388 Cr

P/E

17.1×

P/B

2.1×

Dividend yield

0.4%

ROE

12.9%

ROCE

16.7%

Debt / equity

0.03

OPM

18%

EPS (TTM)

₹13.3

Book value

₹108.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue swings from ₹251–₹323 Cr across recent quarters on reported basis; verify if this reflects seasonal patterns or underlying demand inconsistency
Modest ROE of 12.94% at a PE of 19.15 signals investors price stability, not growth; clarify if meaningful margin or earnings expansion is expected
Stock down 20.64% over 1 year despite consistent profitability and dividends; investigate whether gap reflects valuation, sector headwinds, or company-specific risks
Very low institutional ownership (FII 0.77%, DII 10.25%) despite consistent results; verify if this reflects visibility, valuation concerns, or governance perception

Generated analysis · source review pending

Growth drivers

Recent quarterly revenues range ₹251–₹323 Cr at stable operating margins (consolidated OPM 17.96%); incremental topline growth at current margins would expand earnings
Very low debt (D/E 0.03) with consistent dividend payouts (Feb 2026, Aug 2025) indicate strong cash generation; verify whether reinvestment capacity exists for distribution or innovation
Quarterly EPS volatility ₹2.35–₹4.04; clarify whether swings reflect volume growth, pricing realization, or seasonal effects
Verify pricing power and competitive positioning in mature stationery as potential drivers of sustainable growth

Generated analysis · source review pending

696 historical price candles were omitted because the exchange source has not been verified.

₹226.6-1.7%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 37×
+High promoter holding of 78.6% with no pledge

Cons

−Modest revenue growth of 9.9% a year over the last 3 years
−Low dividend payout of 7.5% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

57/100

Business quality: 63
Growth: 32
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Doms Industries LimitedDOMSDOMS	₹12,732 Cr	₹12,821 Cr	₹2,435 Cr	₹386 Cr	17.3%	₹217 Cr	10.3%	24.8%	20.7%	96
Navneet Education LimitedNAVNETEDULNAVNETEDUL	₹2,740 Cr	₹2,740 Cr	₹1,289 Cr	₹192 Cr	15.7%	₹298 Cr	21.4%	0.2%	0.4%	330
Flair Writing Industries LimitedFLAIRFLAIR	₹2,388 Cr	₹2,425 Cr	₹1,281 Cr	₹228 Cr	18%	₹140 Cr	11.3%	16.7%	12.9%	251
Kokuyo Camlin LimitedKOKUYOCMLNKOKUYOCMLN	₹750 Cr	₹776 Cr	₹808 Cr	₹54 Cr	7.2%	₹22 Cr	3.1%	11.1%	7.9%	106
Linc LimitedLINCLINC	₹515 Cr	₹521 Cr	₹545 Cr	₹58 Cr	11%	₹32 Cr	6.1%	19.3%	13.3%	90
Alkosign LtdALKOSIGNALKOSIGN	₹67 Cr	—	₹27 Cr	₹4 Cr	14%	₹-5 Cr	-17.8%	—	—	—
Sundaram Multi Pap LimitedSUNDARAMSUNDARAM	₹51 Cr	₹89 Cr	₹100 Cr	₹15 Cr	14.8%	₹7 Cr	6.6%	15.9%	9.1%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	943	979	1,080	1,250
COGS	509	486	532	612
Gross profit	434	493	548	638
	250	302	363	413
	184	191	185	225
OPM %	19.5%	19.5%	17.1%	18%
Depreciation	27	37	45	53
Interest	10	10	5	5
	12	15	25	21
Profit before tax	158	159	159	187
Tax	41	40	40	46
Tax %	25.8%	25.4%	25.3%	24.4%
	117	118	119	141
PAT margin %	12.4%	12.1%	11%	11.3%
EPS (₹)	12.5	12.2	11.4	13.3
EPS adjusted (₹)	12.5	11.3	11.4	13.3
	0%	0%	8.8%	7.5%
Annual report	—	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	23	47	53	53	53
Reserves	—	388	846	966	1,089
Minority interest	—	0	—	—	1
	—	116	43	30	37
	—	133	166	170	187
Total equity & liabilities	—	684	1,108	1,218	1,367
	196	250	327	427	482
CWIP	—	2	20	23	60
Investments	—	0	0	31	120
	—	433	760	737	705
Total assets	—	684	1,108	1,218	1,367

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	98	78	54	137
	-74	-285	-24	-161
	-24	259	-25	-22
Net cash flow	0	51	5	-45
Free cash flow	23	-33	-79	-4
CFO / Operating profit %	53.3%	40.6%	29.4%	61.1%

Compounded sales growth

7 years: —
5 years: —
3 years: 10%
1 year: 16%

Compounded profit growth

7 years: —
5 years: —
3 years: 7%
1 year: 19%

Return on equity

7 years: —
5 years: —
3 years: 12%
Last year: 12%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	46%	50.4%	50.7%	51%
EBITDA margin %	19.5%	19.5%	17.1%	18%
EBIT margin %	16.6%	15.8%	13%	13.7%
PAT margin %	12.4%	12.1%	11%	11.3%
Working capital
Receivable days	66	80	88	80
Inventory days	153	170	197	211
Payable days	46	49	37	40
NWC days	174	201	247	251
Leverage
Current ratio	2.23	5.08	5.43	5.22
Debt to EBITDA	0.63	0.23	0.16	0.17
Debt to equity	0.27	0.05	0.03	0.03
Interest coverage	16.8	16.6	31.3	37
Asset turnover	1.38	0.88	0.89	0.91
Return ratios
Return on assets %	17.1%	10.7%	9.8%	10.3%
Return on capital employed %	33.6%	23%	16.1%	16.7%
Return on equity %	26.9%	13.2%	11.7%	12.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	78.59%	78.59%	78.59%	78.59%	78.59%	78.59%	78.59%	78.59%	78.59%	78.59%	78.59%	78.59%
	2.34%	1.38%	0.25%	0.14%	0.02%	0.09%	0.06%	0.05%	0.44%	0.3%	0.3%	0.77%
	9.82%	9.58%	10.86%	11.35%	11.37%	10.51%	9.55%	10.23%	10.58%	10.12%	10.34%	10.25%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	9.25%	10.45%	10.3%	9.92%	10.02%	10.81%	11.8%	11.13%	10.39%	10.99%	10.77%	10.39%
No. of shareholders	—	—	—	—	—	—	—	—	56,560	55,545	51,355	50,418

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 2 fund houses

Held by these funds

2.51%

of the company's equity

All mutual funds

3.3%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

3 schemes · 2 fund houses

		Shares
Consumption Opportunities Fund	SBI Mutual Fund	15.5 L	38.54	1.36%	1.471%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	11.01 L	27.37	0.87%	1.044%	+2.51 L
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	66	0	0%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Investor Presentation and earnings call

Aug 2026Transcript AI Summary PPTREC
May 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

3

Final dividend19 Aug 2026 · ex-date₹0.5
Interim dividend4 Feb 2026 · ex-date₹0.5
Final dividend8 Aug 2025 · ex-date₹1

1

Board meeting to consider results11 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

115 announcementsExport CSV

29 Sept 2026, 6:48 pmCompany Update

Disclosure Under Regulation 30.

General PDF

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Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	46%	50.4%	50.7%	51%
EBITDA margin %	19.5%	19.5%	17.1%	18%
EBIT margin %	16.6%	15.8%	13%	13.7%
PAT margin %	12.4%	12.1%	11%	11.3%
Working capital
Receivable days	66	80	88	80
Inventory days	153	170	197	211
Payable days	46	49	37	40
NWC days	174	201	247	251
Leverage
Current ratio	2.23	5.08	5.43	5.22
Debt to EBITDA	0.63	0.23	0.16	0.17
Debt to equity	0.27	0.05	0.03	0.03
Interest coverage	16.8	16.6	31.3	37
Asset turnover	1.38	0.88	0.89	0.91
Return ratios
Return on assets %	17.1%	10.7%	9.8%	10.3%
Return on capital employed %	33.6%	23%	16.1%	16.7%
Return on equity %	26.9%	13.2%	11.7%	12.4%

5 deals · 1 Dec 2023 – 28 Oct 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
28 Oct 2024	NEW MARK CAPITAL AIF LLP	Bulk	NSE	Buy	6,60,700	₹280.00	₹18.50 Cr
1 Dec 2023	MANSI SHARE AND STOCK ADVISORS PVT LTD	Bulk	NSE	Buy	6,63,723	₹457.24	₹30.35 Cr
1 Dec 2023	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	5,42,797	₹474.04	₹25.73 Cr
1 Dec 2023	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	5,42,717	₹474.54	₹25.75 Cr
1 Dec 2023	MANSI SHARE AND STOCK ADVISORS PVT LTD	Bulk	NSE	Sell	5,16,547	₹453.94	₹23.45 Cr

1–5 of 5

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Date	Category	Subject	Filing
29 Sept 2026, 6:48 pm	Company Update General	Disclosure Under Regulation 30.	PDF
22 Sept 2026, 4:37 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
16 Sept 2026, 4:26 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
1 Sept 2026, 4:25 pm	Company Update General	Updates On Acquisition Of Shares In A Wholly Owned Subsidiary	PDF
31 Aug 2026, 5:07 pm	Company Update General	Update On Earlier Intimation Dated February 11, 2025.	PDF
29 Aug 2026, 11:40 am	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
27 Aug 2026, 7:07 pm	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate	PDF
27 Aug 2026, 6:43 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF

Flair Writing Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Dividends3

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Dividends3

Board meetings1

Announcements

Annual reports

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

3

1

3

1