Flair Writing Industries Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2025)

Share Price and Basic Stock Data

Last Updated: January 14, 2025, 11:23 pm

Market Cap	2,703 Cr.
Current Price	256
High / Low	351/246
Stock P/E	24.2
Book Value	89.8
Dividend Yield	0.00 %
ROCE	22.7 %
ROE	18.0 %
Face Value	5.00
PEG Ratio	0.20

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Flair Writing Industries Ltd

Competitors of Flair Writing Industries Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Flair Writing Industries Ltd	2,703 Cr.	256	351/246	24.2	89.8	0.00 %	22.7 %	18.0 %	5.00
Industry Average	2,703.00 Cr	256.00		24.20	89.80	0.00%	22.70%	18.00%	5.00

All Competitor Stocks of Flair Writing Industries Ltd

Quarterly Result

Month	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Sales	224	244	230	244	215	229	222	242
Expenses	173	197	183	194	182	185	187	199
Operating Profit	51	47	48	51	33	44	35	43
OPM %	23%	19%	21%	21%	15%	19%	16%	18%
Other Income	3	2	3	4	6	8	8	9
Interest	2	3	2	2	2	1	1	1
Depreciation	6	6	7	7	8	8	8	8
Profit before tax	45	40	42	45	29	43	35	43
Tax %	27%	26%	25%	25%	26%	25%	26%	25%
Net Profit	33	30	31	33	21	32	26	32
EPS in Rs	14.13	3.18	3.32	3.57	2.03	3.08	2.44	3.03

Last Updated: January 5, 2025, 8:09 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	503	613	581	289	554	903	919	910
Expenses	410	495	488	267	461	732	743	747
Operating Profit	93	117	93	23	93	171	176	163
OPM %	18%	19%	16%	8%	17%	19%	19%	18%
Other Income	7	5	5	12	11	14	20	25
Interest	17	18	15	11	9	9	8	7
Depreciation	15	18	23	22	23	24	29	30
Profit before tax	67	86	60	2	72	151	158	152
Tax %	21%	24%	36%	72%	25%	26%	25%
Net Profit	53	65	38	0	54	112	118	113
EPS in Rs	2,444.60	27.84	16.33	0.21	23.08	11.95	11.21	11.12
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2018-2019	2019-2020	2020-2021	2022-2023	2023-2024
YoY Net Profit Growth (%)	22.64%	-41.54%	-100.00%	107.41%	5.36%
Change in YoY Net Profit Growth (%)	0.00%	-64.18%	-58.46%	207.41%	-102.05%

Flair Writing Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2018-2019 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	8%
3 Years:	47%
TTM:	-4%

Compounded Profit Growth
10 Years:	%
5 Years:	13%
3 Years:	518%
TTM:	-12%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	-26%

Return on Equity
10 Years:	%
5 Years:	18%
3 Years:	22%
Last Year:	18%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 1:42 pm

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	0.22	23	23	23	23	47	53	53
Reserves	158	199	236	236	290	379	836	894
Borrowings	169	196	168	122	118	99	56	32
Other Liabilities	84	111	113	85	107	109	128	136
Total Liabilities	412	529	539	467	539	634	1,073	1,114
Fixed Assets	144	182	195	178	181	200	251	251
CWIP	8	3	0	0	0	2	20	32
Investments	0	0	0	16	0	4	4	4
Other Assets	260	343	344	273	358	429	799	827
Total Assets	412	529	539	467	539	634	1,073	1,114

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2018	Mar 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	45	36	70	23	79	24
Cash from Investing Activity +	-51	-52	-16	-8	-46	-246
Cash from Financing Activity +	0	17	-57	-15	-32	274
Net Cash Flow	-6	1	-3	-0	0	51

Free Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-76.00	-79.00	-75.00	-99.00	-25.00	72.00	120.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	84	96	103	139	93	65	77
Inventory Days	123	147	180	287	220	138	147
Days Payable	76	71	71	85	58	39	45
Cash Conversion Cycle	130	172	211	341	255	164	178
Working Capital Days	110	134	151	255	174	110	120
ROCE %		28%	18%	3%	20%	34%	23%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	78.59%	78.59%	78.59%	78.59%
FIIs	1.38%	0.25%	0.14%	0.02%
DIIs	9.57%	10.85%	11.34%	11.37%
Public	10.46%	10.30%	9.92%	10.02%
No. of Shareholders	84,160	81,500	74,074	67,556

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
SBI Consumption Opportunities Fund	1,550,000	1.94	46.53	1,550,000	2025-01-12	0%
Tata ELSS Tax Saver Fund	1,483,366	0.98	44.53	1,550,000	2025-01-12	-4.3%
Mirae Asset Great Consumer Fund	1,318,500	1.06	39.58	1,550,000	2025-01-12	-14.94%
Tata India Consumer Fund	658,830	0.94	19.78	1,550,000	2025-01-12	-57.49%
Tata Dividend Yield Fund	181,333	0.55	5.44	1,550,000	2025-01-12	-88.3%
Edelweiss Recently Listed IPO Fund	150,000	0.48	4.5	1,550,000	2025-01-12	-90.32%
Aditya Birla Sun Life Retirement Fund - The 30s Plan	136,898	1.06	4.11	1,550,000	2025-01-12	-91.17%
Aditya Birla Sun Life Retirement Fund - The 40s Plan	31,997	0.87	0.96	1,550,000	2025-01-12	-97.94%
Aditya Birla Sun Life Retirement Fund - The 50s Plan	3,231	0.38	0.1	1,550,000	2025-01-12	-99.79%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	5.00	5.00	10.00	10.00	10.00
Basic EPS (Rs.)	12.19	12.66	5.91	0.11	16.25
Diluted EPS (Rs.)	12.19	12.66	5.91	0.11	16.25
Cash EPS (Rs.)	14.73	15.57	34.06	10.03	26.35
Book Value[Excl.RevalReserv]/Share (Rs.)	85.27	46.60	135.77	112.05	111.54
Book Value[Incl.RevalReserv]/Share (Rs.)	85.27	46.60	135.77	112.05	111.54
Revenue From Operations / Share (Rs.)	92.86	100.94	247.31	127.63	310.60
PBDIT / Share (Rs.)	19.52	20.90	46.18	15.37	42.55
PBIT / Share (Rs.)	16.03	17.97	35.74	5.76	32.45
PBT / Share (Rs.)	15.07	17.00	31.46	0.91	25.76
Net Profit / Share (Rs.)	11.24	12.65	23.62	0.42	16.25
NP After MI And SOA / Share (Rs.)	11.29	12.66	23.62	0.42	16.25
PBDIT Margin (%)	21.02	20.70	18.67	12.04	13.69
PBIT Margin (%)	17.26	17.80	14.45	4.51	10.44
PBT Margin (%)	16.22	16.84	12.72	0.71	8.29
Net Profit Margin (%)	12.10	12.52	9.55	0.33	5.23
NP After MI And SOA Margin (%)	12.15	12.54	9.55	0.33	5.23
Return on Networth / Equity (%)	13.23	27.17	17.39	0.37	14.56
Return on Capital Employeed (%)	17.47	33.54	20.40	3.39	18.99
Return On Assets (%)	10.73	17.27	9.89	0.20	6.71
Long Term Debt / Equity (X)	0.03	0.09	0.23	0.42	0.45
Total Debt / Equity (X)	0.04	0.26	0.39	0.49	0.63
Asset Turnover Ratio (%)	1.09	1.52	1.11	0.00	1.28
Current Ratio (X)	5.08	2.23	2.37	3.41	2.13
Quick Ratio (X)	3.47	1.07	1.13	1.84	1.23
Inventory Turnover Ratio (X)	2.26	2.55	2.11	0.00	2.19
Interest Coverage Ratio (X)	20.27	21.67	10.78	3.17	6.36
Interest Coverage Ratio (Post Tax) (X)	12.67	14.12	6.52	1.09	3.43
Enterprise Value (Cr.)	2455.23	0.00	0.00	0.00	0.00
EV / Net Operating Revenue (X)	2.51	0.00	0.00	0.00	0.00
EV / EBITDA (X)	11.93	0.00	0.00	0.00	0.00
MarketCap / Net Operating Revenue (X)	2.70	0.00	0.00	0.00	0.00
Price / BV (X)	2.94	0.00	0.00	0.00	0.00
Price / Net Operating Revenue (X)	2.70	0.00	0.00	0.00	0.00
EarningsYield	0.04	0.00	0.00	0.00	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Flair Writing Industries Ltd as of January 15, 2025 is: 398.99

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of January 15, 2025, Flair Writing Industries Ltd is Undervalued by 55.86% compared to the current share price 256.00

Intrinsic Value of Flair Writing Industries Ltd as of January 15, 2025 is: 882.55

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of January 15, 2025, Flair Writing Industries Ltd is Undervalued by 244.75% compared to the current share price 256.00

Last 5 Year EPS CAGR: 121.20%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 18.00%, which is a positive sign. The company has higher reserves (403.50 cr) compared to borrowings (120.00 cr), indicating strong financial stability. The company has shown consistent growth in sales (659.00 cr) and profit (93.50 cr) over the years.	The stock has a high average Working Capital Days of 150.57, which may not be favorable. The stock has a high average Cash Conversion Cycle of 207.29, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Flair Writing Industries Ltd:
1. Net Profit Margin: 12.1%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 17.47% (Industry Average ROCE: 22.7%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 13.23% (Industry Average ROE: 18%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 12.67
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 3.47
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 24.2 (Industry average Stock P/E: 24.2)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.04
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Flair Writing Industries Ltd is a Public Limited Listed company incorporated on 12/08/2016 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L51100MH2016PLC284727 and registration number is 284727. Currently Company is involved in the business activities of Manufacture of stationary articles such as pens and pencils of all kinds whether or not mechanical, pencil leads, date, sealing or numbering stamps, hand-operated devices for printing or embossing labels, hand printing sets, prepared typewriter ribbons and inked pads, globes etc.. Company's Total Operating Revenue is Rs. 918.66 Cr. and Equity Capital is Rs. 52.70 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Printing/Publishing/Stationery	63 B/C, Government Industrial Estate, Mumbai Maharashtra 400067	investors@flairpens.com http://www.flairworld.in

Management
Name	Position Held
Mr. Khubilal Jugraj Rathod	Chairman & Wholetime Director
Mr. Vimalchand Jugraj Rathod	Managing Director
Mr. Rajesh Khubilal Rathod	Whole Time Director
Mr. Mohit Khubilal Rathod	Whole Time Director
Mr. Sumit Rathod	Whole Time Director
Mr. Punit Saxena	Independent Director
Mr. Rajneesh Bhandari	Independent Director
Mr. Manoj Vinod Lalwani	Independent Director
Ms. Sheetal Bhanot Shetty	Independent Director
Mr. Deven Bipin Shah	Independent Director

FAQ

What is the latest intrinsic value of Flair Writing Industries Ltd?

The latest intrinsic value of Flair Writing Industries Ltd as on 15 January 2025 is ₹398.99, which is 55.86% higher than the current market price of ₹256.00. The stock has a market capitalization of 2,703 Cr. and recorded a high/low of 351/246 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹894 Cr and total liabilities of ₹1,114 Cr.

What is the Market Cap of Flair Writing Industries Ltd?

The Market Cap of Flair Writing Industries Ltd is 2,703 Cr..

What is the current Stock Price of Flair Writing Industries Ltd as on 15 January 2025?

The current stock price of Flair Writing Industries Ltd as on 15 January 2025 is 256.

What is the High / Low of Flair Writing Industries Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Flair Writing Industries Ltd stocks is 351/246.

What is the Stock P/E of Flair Writing Industries Ltd?

The Stock P/E of Flair Writing Industries Ltd is 24.2.

What is the Book Value of Flair Writing Industries Ltd?

The Book Value of Flair Writing Industries Ltd is 89.8.

What is the Dividend Yield of Flair Writing Industries Ltd?

The Dividend Yield of Flair Writing Industries Ltd is 0.00 %.

What is the ROCE of Flair Writing Industries Ltd?

The ROCE of Flair Writing Industries Ltd is 22.7 %.

What is the ROE of Flair Writing Industries Ltd?

The ROE of Flair Writing Industries Ltd is 18.0 %.

What is the Face Value of Flair Writing Industries Ltd?

The Face Value of Flair Writing Industries Ltd is 5.00.