Flair Writing Industries Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹2,433 Cr
- P/E
- 17.42
- ROE
- 12.94%
- PEG
- 3.03
- Price to sales
- 1.91
- Debt to equity
- 0.06
- 52W high / low
- ₹338 / ₹221
- Sales growth (5Y)
- 33.21%
- EBITDA margin
- 17.83%
- Net profit margin
- 11.31%
- Promoter holding
- 78.59%
- Sales (last year)
- ₹1,281 Cr
Incorporated in 1976, Flair Writing Industries (Flair) is engaged in developing and manufacturing writing instruments and is among the Top 3 players in the overall writing instruments industry [1]
Guidance scorecard · Q1 FY27 call
What Flair Writing Industries Ltd's management guided
and where it ranks in Household Products
Household Products
RevenueQ1 FY27 call
10–20%- Company targets overall revenue growth of 15% year-on-year for FY27 and over the next 3 years, expecting a 15% CAGR.
- Pen segment is expected to deliver high single-digit growth, with Q1 already showing 9% volume-driven increase.
- Creative and Steel Bottles segments are expected to grow at higher double-digit rates, around 40%, supported by capacity expansions.
- New capacities, including the Valsad plant and Surat facility, to be fully operational by end of the next quarter to meet future demand.
- Expansion of Steel Bottle capacity by 35% planned, with anticipated incremental revenue of INR30-35 crores.
2 more points from Flair Writing Industries Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Flair Writing Industries Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Q1 FY27 Capex: INR 43.42 crores total
- Valsad facility expansion to support growth for Writing Instruments and Creative segments, planned to be fully operational by end of the current quarter
- Investment of INR 15 crores in a new state-of-the-art automatic Steel Bottles line to increase capacity by 35%, expected revenue from this line INR 30-35 crores
- Capex aligned with long-term strategy to strengthen manufacturing infrastructure and diversify product portfolio
2 more points from Flair Writing Industries Ltd's call on capex
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FundraisingQ1 FY27 call
See what Flair Writing Industries Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Ask what Flair Writing Industries Ltd said on the order book →
Full Q1 FY27 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Household Products
on management's own guidance
- DOMS IndustriesModerate growth2
- Jyothy Labs LtdModerate growth1
- 3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Household Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Jyothy Labs Ltd | 10–20% | Up 0–2% | ₹6,983 Cr | 24.6 |
| 2 | DOMS Industries | 10–20% | Flat | ₹12,772 Cr | 58.8 |
| 3 | Flair Writing Industries LtdThis stock | 10–20% | Flat | ₹2,502 Cr | 17.9 |
| 4 | 10–20% | Flat | ₹2,331 Cr | 14.7 | |
| 5 | 0–10% | Flat | ₹530 Cr | 15.4 |
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Pro shows every company guiding 40%+ revenue growth →Full Household Products rankingFinancials of Flair Writing Industries Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Flair Writing Industries Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 260 | 247 | 257 | 225 | 250 | 247 | 270 | 265 | 298 | 289 | 321 | 318 | 323 |
| Expenses + | 207 | 194 | 203 | 190 | 200 | 205 | 220 | 219 | 251 | 239 | 261 | 261 | 265 |
| Operating Profit | 53 | 52 | 54 | 35 | 51 | 42 | 51 | 45 | 47 | 50 | 60 | 57 | 58 |
| OPM % | 21% | 21% | 21% | 15% | 20% | 17% | 19% | 17% | 16% | 17% | 19% | 18% | 18% |
| Other Income + | 1 | 2 | 3 | 4 | 6 | 5 | 5 | 7 | 8 | 3 | 9 | 3 | 6 |
| Interest | 3 | 3 | 3 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 7 | 8 | 9 | 9 | 10 | 10 | 11 | 12 | 12 | 13 | 13 | 13 | 14 |
| Profit before tax | 45 | 43 | 44 | 26 | 45 | 35 | 44 | 39 | 41 | 39 | 54 | 45 | 49 |
| Tax % | 26% | 25% | 25% | 27% | 25% | 26% | 25% | 25% | 26% | 25% | 21% | 27% | 25% |
| Net Profit + | 33 | 32 | 33 | 19 | 34 | 26 | 33 | 29 | 31 | 29 | 43 | 33 | 37 |
| EPS in Rs | 3.55 | 3.44 | 3.57 | 1.82 | 3.26 | 2.51 | 3.12 | 2.78 | 2.93 | 2.72 | 4.04 | 3.11 | 3.40 |
Financials of Flair Writing Industries Ltd
Profit & Loss
Annual income statement trend
| Mar 2017 | Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 419 | 573 | 298 | 577 | 942 | 979 | 1,080 | 1,250 |
| Expenses + | 333 | 478 | 275 | 480 | 758 | 787 | 895 | 1,026 |
| Operating Profit | 86 | 95 | 23 | 98 | 184 | 192 | 185 | 225 |
| OPM % | 20% | 17% | 8% | 17% | 20% | 20% | 17% | 18% |
| Other Income + | 4 | 6 | 13 | 10 | 12 | 15 | 24 | 21 |
| Interest | 9 | 17 | 12 | 9 | 9 | 11 | 5 | 5 |
| Depreciation | 12 | 15 | 22 | 24 | 27 | 37 | 45 | 53 |
| Profit before tax | 69 | 69 | 2 | 74 | 159 | 159 | 159 | 187 |
| Tax % | 27% | 29% | 55% | 24% | 26% | 25% | 25% | 24% |
| Net Profit + | 50 | 49 | 1 | 56 | 118 | 118 | 119 | 141 |
| EPS in Rs | 2,512.00 | 2,255.49 | 0.42 | 24.08 | 12.66 | 11.29 | 11.35 | 13.26 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 9% | 4% |
Financials of Flair Writing Industries Ltd
Balance Sheet
Capital structure and asset base
| 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 |
Financials of Flair Writing Industries Ltd
Cash Flows
Operating, investing and financing cash movement
| 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 | 54 | 137 |
| Cash from Investing Activity + | -27 | -44 | -16 | -19 | -74 | -285 | -24 | -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 | -79 | -1 |
| CFO/OP | 94% | 65% | 291% | 46% | 76% | 65% | 50% | 81% |
Financials of Flair Writing Industries Ltd
Ratios
Working capital efficiency and return ratios
| 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 | 185 |
| ROCE % | 28% | 20% | 33% | 22% | 16% | 17% |
Guidance history
How Flair Writing Industries Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | — |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q3 FY26 call → | 40%+ | Up 0–2% | Planned | — | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
13 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −24.7% | 32% |
| Last 6 months | −27.7% | 11% |
| Last 3 months | −11.0% | 42% |
The price is 48.9% below its all-time high of ₹450.9 (1 Dec 2023). Stocks more than 20% below their peak have their score halved, so 26 became 13.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Flair Writing Industries Ltd: 0.4 × 32 + 0.4 × 11 + 0.2 × 42 = 26, halved to 13 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Flair Writing Industries Ltd's management said in earlier quarters
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