Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 257 | 225 | 250 | 247 | 270 | 265 | 298 | 289 | 321 | 318 | 323 | 319 |
| Expenses | 203 | 190 | 200 | 205 | 220 | 219 | 251 | 239 | 261 | 261 | 265 | 266 |
| Operating Profit | 54 | 35 | 51 | 42 | 51 | 45 | 47 | 50 | 60 | 57 | 58 | 53 |
| OPM % | 21% | 15% | 20% | 17% | 19% | 17% | 16% | 17% | 19% | 18% | 18% | 17% |
| Other Income | 3 | 4 | 6 | 5 | 5 | 7 | 8 | 3 | 9 | 3 | 6 | 1 |
| Interest | 3 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 9 | 9 | 10 | 10 | 11 | 12 | 12 | 13 | 13 | 13 | 14 | 14 |
| Profit before tax | 44 | 26 | 45 | 35 | 44 | 39 | 41 | 39 | 54 | 45 | 49 | 39 |
| Tax % | 25% | 27% | 25% | 26% | 25% | 25% | 26% | 25% | 21% | 27% | 25% | 25% |
| Net Profit | 33 | 19 | 34 | 26 | 33 | 29 | 31 | 29 | 43 | 33 | 37 | 29 |
| EPS in Rs | 3.57 | 1.82 | 3.26 | 2.51 | 3.12 | 2.78 | 2.93 | 2.72 | 4.04 | 3.11 | 3.40 | 2.71 |
| Mar 2017 | Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 419 | 573 | 298 | 577 | 942 | 979 | 1,080 | 1,250 | 1,281 |
| Expenses | 333 | 478 | 275 | 480 | 758 | 787 | 895 | 1,025 | 1,052 |
| Operating Profit | 86 | 95 | 23 | 98 | 184 | 192 | 185 | 225 | 228 |
| OPM % | 20% | 17% | 8% | 17% | 20% | 20% | 17% | 18% | 18% |
| Other Income | 4 | 6 | 13 | 10 | 12 | 15 | 24 | 21 | 19 |
| Interest | 9 | 17 | 12 | 9 | 9 | 11 | 5 | 6 | 5 |
| Depreciation | 12 | 15 | 22 | 24 | 27 | 37 | 45 | 53 | 55 |
| Profit before tax | 69 | 69 | 2 | 74 | 159 | 159 | 159 | 187 | 187 |
| Tax % | 27% | 29% | 55% | 24% | 26% | 25% | 25% | 24% | |
| Net Profit | 50 | 49 | 1 | 56 | 118 | 118 | 119 | 141 | 141 |
| EPS in Rs | 2,512.00 | 2,255.49 | 0.42 | 24.08 | 12.66 | 11.29 | 11.35 | 13.26 | 13.26 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 9% | 4% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 33% | 10% | 14% | ||
| Compounded Profit Growth | % | 170% | 6% | 15% | ||
| Stock Price CAGR | % | % | % | -24% | ||
| Return on Equity | % | 16% | 14% | 13% |
| Mar 2017 | Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 23 | 23 | 47 | 53 | 53 | 53 |
| Reserves | 171 | 259 | 238 | 295 | 388 | 846 | 966 | 1,089 |
| Borrowings | 94 | 89 | 130 | 126 | 123 | 69 | 62 | 66 |
| Other Liabilities | 86 | 89 | 89 | 113 | 126 | 140 | 138 | 159 |
| Total Liabilities | 354 | 440 | 481 | 558 | 684 | 1,108 | 1,218 | 1,367 |
| Fixed Assets | 119 | 144 | 186 | 196 | 250 | 327 | 427 | 482 |
| CWIP | 2 | 8 | 0 | 2 | 2 | 20 | 23 | 60 |
| Investments | 0 | 0 | 16 | 0 | 0 | 0 | 31 | 120 |
| Other Assets | 233 | 288 | 279 | 360 | 433 | 760 | 737 | 705 |
| Total Assets | 354 | 440 | 481 | 558 | 684 | 1,108 | 1,218 | 1,367 |
| Mar 2017 | Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 64 | 35 | 67 | 34 | 96 | 78 | 55 | 137 |
| Cash from Investing Activity | -27 | -44 | -16 | -19 | -74 | -285 | -26 | -161 |
| Cash from Financing Activity | -31 | 4 | -55 | -16 | -22 | 259 | -25 | -22 |
| Net Cash Flow | 5 | -5 | -3 | -0 | 0 | 51 | 5 | -45 |
| Free Cash Flow | 36 | -10 | 62 | -2 | 22 | -32 | -78 | -1 |
| CFO/OP | 94% | 65% | 291% | 46% | 76% | 65% | 51% | 81% |
| Mar 2017 | Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 75 | 76 | 142 | 93 | 66 | 80 | 88 | 80 |
| Inventory Days | 132 | 103 | 288 | 218 | 153 | 170 | 197 | 211 |
| Days Payable | 89 | 69 | 90 | 60 | 46 | 49 | 37 | 40 |
| Cash Conversion Cycle | 118 | 110 | 340 | 252 | 174 | 201 | 247 | 251 |
| Working Capital Days | 84 | 108 | 224 | 129 | 88 | 127 | 154 | 150 |
| ROCE % | 28% | 20% | 33% | 22% | 16% | 17% |
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 78.59% | 78.59% | 78.59% | 78.59% | 78.59% | 78.59% | 78.59% | 78.59% | 78.59% | 78.59% | 78.59% |
| FIIs | 1.38% | 0.25% | 0.14% | 0.02% | 0.09% | 0.06% | 0.05% | 0.44% | 0.30% | 0.30% | 0.77% |
| DIIs | 9.57% | 10.85% | 11.34% | 11.37% | 10.51% | 9.55% | 10.23% | 10.58% | 10.12% | 10.34% | 10.25% |
| Public | 10.46% | 10.30% | 9.92% | 10.02% | 10.82% | 11.80% | 11.14% | 10.39% | 10.99% | 10.78% | 10.40% |
| No. of Shareholders | 84,160 | 81,500 | 74,074 | 67,556 | 65,526 | 66,661 | 63,571 | 56,560 | 55,545 | 51,355 | 50,418 |
Fundamentals
Market Cap₹ 2,428 Cr.
Current Price₹ 230
Stock P/E17.4
Book Value₹ 108
ROCE16.8 %
ROE12.9 %
Dividend Yield0.43 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)14%
Compounded Profit Growth (TTM)15%
Consolidated figures.
Valuation
Market capRs 2,388 Cr
Enterprise valueRs 2,223 Cr
P/E (TTM)17.09x
Price to book2.66x
Price to sales1.86x
EV / EBITDA9.00x
EV / EBIT11.55x
EV / sales1.74x
Price to cash flow30.76x
Earnings yield5.85%
P/E, 3-year average22.22x
P/B, 3-year average2.94x
P/E, 5-year average22.22x
P/B, 5-year average2.94x
Profitability
Operating margin (excl. other income)19.59%
Operating margin (incl. other income)21.08%
EBITDA margin19.29%
Pre-tax margin14.62%
Net profit margin10.91%
Net margin, latest quarter8.95%
ROE17.84%
ROCE22.21%
ROA13.28%
ROE, 3-year average22.88%
ROCE, 3-year average25.25%
ROA, 3-year average14.38%
ROE, 5-year average18.33%
ROCE, 5-year average21.46%
ROA, 5-year average11.15%
ROIC (approx.)19.57%
Tax rate25.40%
Other income / net worth1.62%
Growth
Sales growth (latest year)3.93%
Profit growth (latest year)0.63%
Sales CAGR, 3 years48.65%
Sales CAGR, 5 years18.51%
Profit CAGR, 3 years396.83%
Profit CAGR, 5 years18.81%
Sales growth QoQ-1.15%
Profit growth QoQ-20.27%
Sales growth YoY (latest quarter)10.64%
Profit growth YoY (latest quarter)-0.28%
Per share
EPS (TTM)Rs 13.26
EPS (latest year)Rs 11.29
EPS (latest quarter)Rs 2.71
EPS, 3-year averageRs 16.01
EPS, 5-year averageRs 43.45
Book value per shareRs 85.29
Sales per shareRs 121.52
Cash flow per shareRs 7.37
Free cash flow per shareRs -0.09
Efficiency
Asset turnover0.88x
Fixed asset turnover2.99x
Inventory turnover2.50x
Inventory days146 days
Debtor days80 days
Debtors turnover4.55x
Creditor days40 days
Cash conversion cycle251 days
Working capital days150 days
Leverage
Total debtRs 69 Cr
Cash and bankRs 234 Cr
Net debtRs -165 Cr
Debt to equity0.08x
Net debt / EBITDA-0.67x
Interest coverage36.93x
Current ratio (filing 2026-03-31)5.22x
Quick ratio (filing 2026-03-31)2.91x
Trade payables (filing 2026-03-31)Rs 67 Cr
Owners' fund to total sources81.14%
Debt to assets6.21%
Cash flow
Cash from Operating Activity (latest year)Rs 78 Cr
Cash from Investing Activity (latest year)Rs -285 Cr
Cash from Financing Activity (latest year)Rs 259 Cr
Net Cash Flow (latest year)Rs 51 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs -56 Cr
Cash from ops / profit, 5 years0.72x
Sales to cash flow12.61x
Statement figures
Net sales (TTM)Rs 1,281 Cr
Net sales (latest year)Rs 979 Cr
Sales (latest quarter)Rs 319 Cr
Operating profit excl. other income (latest year)Rs 192 Cr
Operating profit (latest quarter)Rs 53 Cr
Other income (TTM)Rs 19 Cr
EBITDA (TTM)Rs 247 Cr
PBDT (TTM)Rs 242 Cr
Profit before tax (TTM)Rs 187 Cr
Tax (latest year)Rs 40 Cr
Net profit (TTM)Rs 140 Cr
Net profit (latest year)Rs 119 Cr
Net profit (latest quarter)Rs 29 Cr
Depreciation (TTM)Rs 55 Cr
Depreciation (latest quarter)Rs 14 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 567 Cr
Total expenditure (latest year)Rs 787 Cr
Total income (latest year)Rs 993 Cr
Share capitalRs 53 Cr
ReservesRs 846 Cr
Shareholders' fundsRs 899 Cr
Total assetsRs 1,108 Cr
Net blockRs 327 Cr
Capital work in progressRs 20 Cr
ReceivablesRs 215 Cr
InventoryRs 226 Cr
Other liabilitiesRs 140 Cr
Shares outstanding (crore)10.54
Ownership
Promoter holding78.59% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 17.1 is the lowest in its own 2.4-year history
(median 24.6, low 17.1, high 60.7).
P/B 2.66 is the lowest in 2.9 years (median 7.72).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | FLAIR | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -6.7% | -2.8% | -4.0 pts |
| 1 month | -9.4% | -6.8% | -2.6 pts |
| 3 months | -12.9% | -7.6% | -5.3 pts |
| 6 months | -20.1% | +0.4% | -20.5 pts |
| 1 year | -26.3% | -9.9% | -16.4 pts |
| 2 years | -27.8% | -13.6% | -14.3 pts |
4 mutual fund schemes hold about ₹93 Cr.
Over three months 2 bought more and 1 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| SBI Consumption Opp Fund | 1.36% | 39 | +13% |
| Motilal Oswal Large Cap Fund | 0.87% | 27 | +44% |
| Bandhan Small Cap Fund | 0.08% | 27 | -9% |
| Motilal Oswal BSE 1000 Index Fund | 0.00% | 0 |
Red flags
F-score 4 of 8| explain | Share dilution Share count up 13% in a year, 352% in three |
| look | Auditor change Auditor change 2026-08-27: Flair Writing Industries Limited has informed the Exchange regarding Change in Auditors of the company. |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹319 Cr +10.4% vs Jun 2025.
Net profit ₹29 Cr +0.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| DOMS Industries Ltd | 12,456 | 57.3 | 24.3 % |
| Navneet Education Ltd | 2,691 | 21.5 | 10.2 % |
| Kokuyo Camlin Ltd | 751 | 34.1 | 10.2 % |
| Linc Ltd | 528 | 15.4 | 19.1 % |
| Alkosign Ltd | 61 | 49.6 | 18.6 % |
| Sundaram Multi Pap Ltd | 54 | 15.3 | 4.22 % |
| Gala Global Products Ltd | 7 | -3.91 % | |
| Vasa Retail and Overseas Ltd | 2 | -1.93 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-08-19 | Dividend - Re 0.50 Per Share | |
| 2026-02-04 | Interim Dividend - Re 0.50 Per Share | |
| 2025-08-08 | Dividend - Re 1 Per Share | |
| 2024-08-14 | Annual General Meeting |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Flair Writing Industries Ltd?
Flair Writing Industries Ltd (FLAIR) has a market capitalisation of Rs 2,428 Cr. at the 2026-10-01 close.
What is the P/E ratio of Flair Writing Industries Ltd?
Flair Writing Industries Ltd trades at a P/E of 17.4 on trailing twelve-month profit, at the 2026-10-01 close.
What were Flair Writing Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Flair Writing Industries Ltd sales was Rs 319 Cr (+10.4% vs Jun 2025) and net profit was Rs 29 Cr.
What is the 52-week high and low of Flair Writing Industries Ltd?
The 52-week high is Rs 345.00 and the 52-week low is Rs 228.00.