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Flair Writing Industries share price today

Flair Writing Industries Ltd · NSE: FLAIR · Printing & Stationery · prices and results as of 30 October 2026, updated weekly · research updated 12 August 2026

Flair Writing Industries share price today: ₹230.56 at the NSE close on 30 October 2026, down 25.9% in a year. Flair Writing Industries (NSE: FLAIR) is worth ₹2,430 crore, trades at a P/E of 17.4 and has closed between ₹220.52 and ₹337.55 over the past 52 weeks. Latest change: revenue up on a year earlier for 8 quarters in a row.

Getting betterBusiness trend from the last 12 quarters
₹230.56Price −25.9% in a year
17.4×P/E lower than 97% of the last 2.9 years
₹319 CrRevenue (Jun 2026) +10.4% on a year ago
₹29.0 CrProfit (Jun 2026) +0.0% on a year ago
17.0%Operating margin flat on a year ago
17%ROCE FY26
10.6%ROIC against a 12.0% cost of capital: −1.4 points

Flair Writing Industries Ltd's earnings have grown faster than its share price. Earnings per share grew +16.8% in a year while the price moved −25.9%.

The main question: yearly earnings per share moved +16.8% while the share price moved −25.9%.

The price has been falling for 18 weeks, and the P/E is lower than 97% of its own last 2.9 years. Over the last four quarters, results have been improving, with profit +0.0% on a year earlier, and 71% of the last 3 years' profit came in as cash. What will decide it: whether the price catches up with earnings that have already grown.

What is the Flair Writing Industries share price today?

Flair Writing Industries Ltd's share price was ₹230.56 at the close on 30 October 2026. It has been falling for 18 weeks. That is 13.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹221 and ₹338, and at that close it sat 9% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Flair Writing Industries Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 29 weeks running.

1Y

Oct 2026: ₹231, 13.8% below its 200-day average. The price has been falling for 18 weeks.

  • Price ₹231
  • 50-day avg ₹238
  • 200-day avg ₹268
Oct 2026: ₹231, 13.8% below its 200-day average. The price has been falling for 18 weeks.
WeekPrice50-day avg200-day avg
24 Oct 2025₹301₹312₹294
31 Oct 2025₹311₹311₹295
7 Nov 2025₹313₹312₹296
14 Nov 2025₹317₹314₹297
21 Nov 2025₹301₹312₹297
28 Nov 2025₹296₹309₹297
5 Dec 2025₹287₹307₹297
12 Dec 2025₹299₹303₹297
19 Dec 2025₹298₹301₹297
26 Dec 2025₹302₹301₹297
2 Jan 2026₹314₹303₹297
9 Jan 2026₹318₹305₹298
16 Jan 2026₹312₹307₹299
23 Jan 2026₹302₹307₹299
1 Feb 2026₹298₹306₹300
6 Feb 2026₹304₹306₹300
13 Feb 2026₹323₹307₹301
20 Feb 2026₹315₹309₹301
27 Feb 2026₹308₹310₹302
6 Mar 2026₹315₹310₹302
13 Mar 2026₹299₹308₹302
20 Mar 2026₹307₹308₹302
27 Mar 2026₹286₹306₹302
2 Apr 2026₹296₹304₹302
10 Apr 2026₹316₹304₹302
17 Apr 2026₹334₹307₹303
24 Apr 2026₹322₹310₹304
30 Apr 2026₹319₹312₹304
8 May 2026₹338₹315₹306
15 May 2026₹334₹318₹307
22 May 2026₹295₹319₹308
29 May 2026₹289₹316₹307
4 Jun 2026₹288₹312₹307
5 Jun 2026₹285₹311₹306
10 Jun 2026₹282₹308₹306
12 Jun 2026₹270₹305₹305
17 Jun 2026₹275₹301₹304
19 Jun 2026₹279₹299₹303
24 Jun 2026₹273₹297₹303
25 Jun 2026₹265₹296₹302
1 Jul 2026₹268₹292₹301
3 Jul 2026₹260₹290₹300
10 Jul 2026₹260₹285₹299
17 Jul 2026₹260₹280₹297
24 Jul 2026₹253₹275₹294
31 Jul 2026₹259₹271₹293
7 Aug 2026₹252₹268₹291
14 Aug 2026₹254₹265₹289
21 Aug 2026₹249₹262₹287
28 Aug 2026₹249₹260₹285
4 Sep 2026₹244₹258₹283
11 Sep 2026₹236₹254₹281
18 Sep 2026₹235₹251₹279
25 Sep 2026₹238₹249₹277
1 Oct 2026₹227₹246₹275
9 Oct 2026₹221₹243₹273
16 Oct 2026₹237₹241₹271
23 Oct 2026₹223₹239₹269
30 Oct 2026₹231₹238₹268
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 1-year window.

3Y

Oct 2026: ₹231, 13.8% below its 200-day average. The price has been falling for 18 weeks.

  • Price ₹231
  • 50-day avg ₹238
  • 200-day avg ₹268
Oct 2026: ₹231, 13.8% below its 200-day average. The price has been falling for 18 weeks.
WeekPrice50-day avg200-day avg
1 Dec 2023₹451₹451₹451
8 Dec 2023₹373₹439₹448
15 Dec 2023₹373₹429₹444
22 Dec 2023₹361₹417₹440
29 Dec 2023₹349₹408₹437
5 Jan 2024₹362₹397₹433
12 Jan 2024₹352₹390₹429
20 Jan 2024₹339₹379₹424
25 Jan 2024₹322₹373₹421
2 Feb 2024₹324₹365₹416
9 Feb 2024₹323₹357₹412
16 Feb 2024₹278₹343₹405
23 Feb 2024₹282₹331₹399
2 Mar 2024₹285₹320₹392
7 Mar 2024₹273₹313₹388
15 Mar 2024₹260₹304₹381
22 Mar 2024₹261₹296₹375
28 Mar 2024₹251₹291₹372
5 Apr 2024₹294₹289₹367
12 Apr 2024₹290₹290₹365
19 Apr 2024₹312₹292₹362
26 Apr 2024₹304₹294₹359
3 May 2024₹304₹296₹357
10 May 2024₹284₹294₹354
18 May 2024₹299₹293₹350
24 May 2024₹296₹294₹348
31 May 2024₹285₹294₹345
7 Jun 2024₹289₹293₹343
14 Jun 2024₹293₹293₹340
21 Jun 2024₹295₹293₹338
28 Jun 2024₹300₹294₹337
5 Jul 2024₹331₹298₹336
12 Jul 2024₹314₹302₹335
19 Jul 2024₹312₹304₹334
26 Jul 2024₹306₹304₹333
2 Aug 2024₹322₹307₹332
9 Aug 2024₹313₹307₹331
16 Aug 2024₹290₹305₹329
23 Aug 2024₹309₹304₹328
30 Aug 2024₹308₹305₹327
6 Sep 2024₹300₹304₹326
13 Sep 2024₹329₹307₹325
20 Sep 2024₹313₹309₹325
27 Sep 2024₹308₹310₹324
4 Oct 2024₹296₹309₹324
11 Oct 2024₹298₹306₹322
18 Oct 2024₹297₹304₹321
25 Oct 2024₹278₹300₹319
1 Nov 2024₹283₹297₹317
8 Nov 2024₹277₹294₹315
14 Nov 2024₹261₹289₹313
22 Nov 2024₹262₹285₹311
29 Nov 2024₹282₹284₹310
6 Dec 2024₹294₹285₹309
13 Dec 2024₹322₹293₹309
20 Dec 2024₹303₹296₹310
27 Dec 2024₹303₹297₹309
3 Jan 2025₹288₹295₹308
10 Jan 2025₹261₹291₹306
17 Jan 2025₹260₹285₹304
24 Jan 2025₹246₹279₹302
1 Feb 2025₹263₹272₹298
7 Feb 2025₹245₹267₹296
14 Feb 2025₹219₹261₹293
21 Feb 2025₹225₹253₹289
28 Feb 2025₹214₹248₹286
7 Mar 2025₹221₹242₹283
13 Mar 2025₹204₹237₹280
21 Mar 2025₹237₹233₹277
28 Mar 2025₹225₹233₹274
4 Apr 2025₹235₹234₹273
11 Apr 2025₹233₹233₹271
17 Apr 2025₹260₹235₹271
25 Apr 2025₹250₹239₹270
2 May 2025₹254₹241₹269
9 May 2025₹275₹246₹269
16 May 2025₹282₹252₹270
23 May 2025₹277₹258₹271
30 May 2025₹279₹262₹271
6 Jun 2025₹263₹263₹271
13 Jun 2025₹255₹263₹271
20 Jun 2025₹250₹261₹270
27 Jun 2025₹255₹260₹269
4 Jul 2025₹270₹262₹269
11 Jul 2025₹300₹268₹270
18 Jul 2025₹320₹277₹273
25 Jul 2025₹319₹285₹275
1 Aug 2025₹341₹295₹278
8 Aug 2025₹318₹301₹280
14 Aug 2025₹304₹303₹282
22 Aug 2025₹312₹304₹283
29 Aug 2025₹310₹305₹284
5 Sep 2025₹321₹307₹286
12 Sep 2025₹323₹311₹288
19 Sep 2025₹321₹315₹290
26 Sep 2025₹296₹314₹291
3 Oct 2025₹314₹313₹292
10 Oct 2025₹315₹313₹293
17 Oct 2025₹316₹313₹294
24 Oct 2025₹301₹312₹294
31 Oct 2025₹311₹311₹295
7 Nov 2025₹313₹312₹296
14 Nov 2025₹317₹314₹297
21 Nov 2025₹301₹312₹297
28 Nov 2025₹296₹309₹297
5 Dec 2025₹287₹307₹297
12 Dec 2025₹299₹303₹297
19 Dec 2025₹298₹301₹297
26 Dec 2025₹302₹301₹297
2 Jan 2026₹314₹303₹297
9 Jan 2026₹318₹305₹298
16 Jan 2026₹312₹307₹299
23 Jan 2026₹302₹307₹299
1 Feb 2026₹298₹306₹300
6 Feb 2026₹304₹306₹300
13 Feb 2026₹323₹307₹301
20 Feb 2026₹315₹309₹301
27 Feb 2026₹308₹310₹302
6 Mar 2026₹315₹310₹302
13 Mar 2026₹299₹308₹302
20 Mar 2026₹307₹308₹302
27 Mar 2026₹286₹306₹302
2 Apr 2026₹296₹304₹302
10 Apr 2026₹316₹304₹302
17 Apr 2026₹334₹307₹303
24 Apr 2026₹322₹310₹304
30 Apr 2026₹319₹312₹304
8 May 2026₹338₹315₹306
15 May 2026₹334₹318₹307
22 May 2026₹295₹319₹308
29 May 2026₹289₹316₹307
4 Jun 2026₹288₹312₹307
5 Jun 2026₹285₹311₹306
10 Jun 2026₹282₹308₹306
12 Jun 2026₹270₹305₹305
17 Jun 2026₹275₹301₹304
19 Jun 2026₹279₹299₹303
24 Jun 2026₹273₹297₹303
25 Jun 2026₹265₹296₹302
1 Jul 2026₹268₹292₹301
3 Jul 2026₹260₹290₹300
10 Jul 2026₹260₹285₹299
17 Jul 2026₹260₹280₹297
24 Jul 2026₹253₹275₹294
31 Jul 2026₹259₹271₹293
7 Aug 2026₹252₹268₹291
14 Aug 2026₹254₹265₹289
21 Aug 2026₹249₹262₹287
28 Aug 2026₹249₹260₹285
4 Sep 2026₹244₹258₹283
11 Sep 2026₹236₹254₹281
18 Sep 2026₹235₹251₹279
25 Sep 2026₹238₹249₹277
1 Oct 2026₹227₹246₹275
9 Oct 2026₹221₹243₹273
16 Oct 2026₹237₹241₹271
23 Oct 2026₹223₹239₹269
30 Oct 2026₹231₹238₹268
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 3-year window.

Price stage: Rising from Oct 2025 to Jun 2026; Falling from Jul 2026 to Oct 2026.

Price stage: Falling from Dec 2023 to Jul 2025; Rising from Aug 2025 to Jun 2026; Falling from Jul 2026 to Oct 2026.

Week by week since 2023: did it beat the NIFTY 500 over the past 13 weeks?

Ahead in 49 of 145 weeks

Week by week since 2023: did it beat the NIFTY 500 over the past 13 weeks?
Week13-week return vs NIFTY 500
1 Dec 2023no NIFTY 500 reading
8 Dec 2023no NIFTY 500 reading
15 Dec 2023no NIFTY 500 reading
22 Dec 2023no NIFTY 500 reading
29 Dec 2023no NIFTY 500 reading
5 Jan 2024no NIFTY 500 reading
12 Jan 2024no NIFTY 500 reading
20 Jan 2024no NIFTY 500 reading
25 Jan 2024no NIFTY 500 reading
2 Feb 2024no NIFTY 500 reading
9 Feb 2024no NIFTY 500 reading
16 Feb 2024no NIFTY 500 reading
23 Feb 2024no NIFTY 500 reading
2 Mar 2024−42.0%
7 Mar 2024−31.5%
15 Mar 2024−34.9%
22 Mar 2024−31.9%
28 Mar 2024−34.4%
5 Apr 2024−25.8%
12 Apr 2024−22.3%
19 Apr 2024−14.7%
26 Apr 2024−11.6%
3 May 2024−9.2%
10 May 2024−16.3%
18 May 2024+2.2%
24 May 2024−1.1%
31 May 2024−7.0%
7 Jun 2024−6.0%
14 Jun 2024−0.4%
21 Jun 2024+1.3%
28 Jun 2024+8.8%
5 Jul 2024+2.7%
12 Jul 2024−5.4%
19 Jul 2024−10.4%
26 Jul 2024−11.5%
2 Aug 2024−4.3%
9 Aug 2024+0.9%
16 Aug 2024−13.2%
23 Aug 2024−6.6%
30 Aug 2024−5.0%
6 Sep 2024−3.4%
13 Sep 2024+4.6%
20 Sep 2024−2.5%
27 Sep 2024−3.5%
4 Oct 2024−13.5%
11 Oct 2024−7.3%
18 Oct 2024−4.7%
25 Oct 2024−5.9%
1 Nov 2024−13.0%
8 Nov 2024−8.1%
14 Nov 2024−4.0%
22 Nov 2024−11.4%
29 Nov 2024−5.7%
6 Dec 2024−1.0%
13 Dec 2024+2.1%
20 Dec 2024+5.1%
27 Dec 2024+6.0%
3 Jan 2025+3.2%
10 Jan 2025−3.3%
17 Jan 2025−6.0%
24 Jan 2025−4.8%
1 Feb 2025−1.6%
7 Feb 2025−7.0%
14 Feb 2025−10.2%
21 Feb 2025−4.0%
28 Feb 2025−11.7%
7 Mar 2025−11.6%
13 Mar 2025−27.6%
21 Mar 2025−16.7%
28 Mar 2025−20.7%
4 Apr 2025−9.8%
11 Apr 2025−10.1%
17 Apr 2025−4.0%
25 Apr 2025−2.2%
2 May 2025−4.5%
9 May 2025+4.7%
16 May 2025+19.1%
23 May 2025+11.5%
30 May 2025+17.5%
6 Jun 2025+3.5%
13 Jun 2025+15.2%
20 Jun 2025−4.2%
27 Jun 2025+2.4%
4 Jul 2025−1.0%
11 Jul 2025+19.2%
18 Jul 2025+17.7%
25 Jul 2025+23.2%
1 Aug 2025+31.5%
8 Aug 2025+15.0%
14 Aug 2025+6.0%
22 Aug 2025+12.6%
29 Aug 2025+10.9%
5 Sep 2025+23.4%
12 Sep 2025+24.3%
19 Sep 2025+28.8%
26 Sep 2025+19.0%
3 Oct 2025+18.2%
10 Oct 2025+5.3%
17 Oct 2025−2.6%
24 Oct 2025−9.6%
31 Oct 2025−13.3%
7 Nov 2025−6.6%
14 Nov 2025+0.8%
21 Nov 2025−8.9%
28 Nov 2025−8.1%
5 Dec 2025−12.0%
12 Dec 2025−7.7%
19 Dec 2025−9.9%
26 Dec 2025−2.3%
2 Jan 2026−3.9%
9 Jan 2026+0.5%
16 Jan 2026+2.6%
23 Jan 2026+3.9%
1 Feb 2026−3.1%
6 Feb 2026−2.8%
13 Feb 2026+3.0%
20 Feb 2026+7.1%
27 Feb 2026+9.5%
6 Mar 2026+13.7%
13 Mar 2026+6.6%
20 Mar 2026+13.0%
27 Mar 2026+7.0%
2 Apr 2026+2.0%
10 Apr 2026+3.4%
17 Apr 2026+6.5%
24 Apr 2026+7.5%
30 Apr 2026+8.2%
8 May 2026+16.3%
15 May 2026+8.1%
22 May 2026−3.1%
29 May 2026−7.4%
4 Jun 2026−8.6%
5 Jun 2026−7.0%
10 Jun 2026−13.4%
12 Jun 2026−13.3%
17 Jun 2026−11.5%
19 Jun 2026−14.1%
24 Jun 2026−18.9%
25 Jun 2026−18.7%
1 Jul 2026−16.7%
3 Jul 2026−26.4%
10 Jul 2026−25.7%
17 Jul 2026−14.9%
24 Jul 2026−13.6%
31 Jul 2026−14.4%
7 Aug 2026−17.1%
14 Aug 2026−14.5%
21 Aug 2026−12.1%
28 Aug 2026−11.2%
4 Sep 2026−13.2%
11 Sep 2026−12.3%
18 Sep 2026−10.1%
25 Sep 2026−8.3%
1 Oct 2026−6.7%
9 Oct 2026−8.9%
16 Oct 2026−4.1%
23 Oct 2026−5.1%
30 Oct 2026−4.3%
Each bar is one week, from 2023 to now (145 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the NIFTY 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 2.9 years the share price moved −49% while the NIFTY 500 moved +17%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 15 May 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What changed at Flair Writing Industries this quarter?

One change stood out: revenue up on a year earlier for 8 quarters in a row.

  1. Revenue up on a year earlier for 8 quarters in a row

    In the June 2026 quarter revenue was ₹319 crore, +10.4% on a year earlier.

    Why: Domestic demand for the company's own brands held up and drove the sales increase.

    Next results: check whether sales growth picks up as domestic demand and exports improve.

    From the earnings call on 12 Aug 2026.

What are Flair Writing Industries' latest quarterly results?

For April to June 2026 (the quarter ended 30 June 2026), Flair Writing Industries reported revenue of ₹319 crore, up 10.4% from ₹289 crore a year earlier, and a profit of ₹29.0 crore, up 0.0% from ₹29.0 crore.

Flair Writing Industries results: April to June 2026 against a year earlier

Flair Writing Industries results: April to June 2026 against a year earlier
MeasureApril to June 2026April to June 2025Change
Revenue₹319 crore₹289 crore+10.4%
Profit₹29.0 crore₹29.0 crore0.0%
Earnings per share₹2.71₹2.72−0.4%
Operating margin17.0%17.0%0.0 points

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Flair Writing Industries' management discussed these results on a call held on 12 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

What is the Flair Writing Industries share price history?

Flair Writing Industries closed at ₹230.56 on 30 October 2026, down 25.9% from ₹311.05 a year earlier (31 October 2025) and down 48.9% over three years. Its highest weekly close since December 2023 was ₹450.90 on 1 December 2023.

Flair Writing Industries share price: then and now

Flair Writing Industries share price: then and now
WhenCloseChange to 30 Oct 2026
1 week ago · 23 Oct 2026₹223.20+3.3%
1 month ago · 1 Oct 2026₹226.57+1.8%
6 months ago · 30 Apr 2026₹318.75−27.7%
1 year ago · 31 Oct 2025₹311.05−25.9%
3 years ago · 1 Dec 2023₹450.90−48.9%
Earliest and highest weekly close in our records · 1 Dec 2023₹450.90−48.9%
Lowest weekly close since December 2023 · 13 Mar 2025₹204.19+12.9%
52-week high (weekly close) · 8 May 2026₹337.55−31.7%
52-week low (weekly close) · 9 Oct 2026₹220.52+4.6%

Weekly closing prices. Each change is the move from that price to the 30 Oct 2026 close. A day's intraday high or low can go beyond these weekly closes.

158 weekly closes from 1 December 2023 to 30 October 2026.

What is the latest news on Flair Writing Industries?

6 Nov 2026: Coming up: ex-date for an interim dividend of ₹0.50 a share. 30 Oct 2026: Flair Writing Industries closed at ₹230.56, up 3.3% on the week and up 1.8% on the month.

Earlier

  • 19 Aug 2026: ex-date for a dividend of ₹0.50 a share.
  • 12 Aug 2026: Flair Writing Industries held its results call for April to June 2026. Management guided: FY27 revenue growth at 15% on a year earlier.
  • Results for April to June 2026: Revenue up 10.4% and profit up 0.0% on a year earlier.
  • 4 Feb 2026: ex-date for an interim dividend of ₹0.50 a share.

What dividend does Flair Writing Industries pay?

Flair Writing Industries paid ₹1 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 0.43% at the ₹230.56 close on 30 October 2026. The last was a dividend of ₹0.50 a share, ex-date 19 August 2026. Next: ₹0.50 a share, ex-date 6 November 2026.

Flair Writing Industries dividends since 1 April 2021

Flair Writing Industries dividends since 1 April 2021
Ex-dateDividend per shareType
6 Nov 2026 (upcoming)Interim₹0.50Interim
19 Aug 2026Dividend₹0.50Dividend
4 Feb 2026Interim₹0.50Interim
8 Aug 2025Dividend₹1Dividend

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

1 of 5Of the last 5 financial years, years with an NSE dividend record

Yes. Flair Writing Industries Ltd paid out 4% of its profit as dividends in FY26, and it paid a dividend in 2 of its last 8 reported years.

From the NSE corporate-actions record, read 5 November 2026.

What did Flair Writing Industries management say on the latest results call?

On the call for April to June 2026, held on 12 August 2026, Flair Writing Industries' management guided: FY27 revenue growth at 15% on a year earlier.

“We expect to target an EBITDA margin of 17-18% for the year.”Mohit Rathod, on the call for April to June 2026

What management guided

  • FY27 operating margin goal 17.5-18%.
  • FY27 writing-instruments growth in the high single digits; Creative and steel bottles and houseware near 40%, lifting combined contribution to 35-38% of FY27 revenue.
  • Three-year revenue yearly growth of 15% described as achievable.
  • Valsad commissioning to start by quarter-end, capacity in place by the following quarter and optimum utilization over the next two quarters; unit supports 1.5 years of growth and a roughly 3.0x capital spending-to-revenue ratio.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 12 August 2026.

What to watch in Flair Writing Industries' next results?

When Flair Writing Industries reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Revenue growth to reaccelerate as domestic demand and exports broaden; check own-brand international traction and progress toward the annual framework.

Flair Writing Industries: what to watch next quarter
What to check (from the call)
Revenue growth to reaccelerate as domestic demand and exports broaden; check own-brand international traction and progress toward the annual framework.
Gross and operating margin to stabilize as pricing, scheme rationalization and premiumization offset raw-material pressure; check sequential recovery.
Valsad machinery and molds commissioning to begin, followed by utilization ramp; check facility readiness and early creative output.
Working-capital improvement to resume as raw-material stocks and newer-category inventory normalize; check inventory and receivable days.

Which stock lists is Flair Writing Industries on?

Flair Writing Industries is not on any of our India lists this week.

Is Flair Writing Industries profitable?

Flair Writing Industries Ltd earned ₹29.0 Cr of net profit in the Jun 2026 quarter, +0.0% on the same quarter a year earlier. Full-year FY26 profit was ₹141 Cr. Over 9 years profit has grown 12.2% a year on average. That is 9.1% of the quarter's revenue. The same quarter a year earlier earned ₹29.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹141 Cr (+18.5% on the year before).

FY26 profit ₹141 Cr (+18.5% on the year before), 12.2% a year over 9 years

  • Net profit ₹141
FY26 profit ₹141 Cr (+18.5% on the year before), 12.2% a year over 9 years
QuarterNet profit
FY17₹50
FY18₹49
FY21₹1
FY22₹56
FY23₹118
FY24₹118
FY25₹119
FY26₹141

Growth on a year earlier

  • Growth on a year earlier 18.5%
Growth on a year earlier
QuarterGrowth on a year earlier
FY17–
FY18−2%
FY21−98%
FY225,500%
FY23110.7%
FY240%
FY250.8%
FY2618.5%
Top: net profit each year, ₹ Cr. Below: growth on the year before, %. 8-year window. A grey bar is lower than the year before.

Jun 2026: ₹29.0 Cr (+0.0% on a year earlier)

  • Net profit (quarterly) ₹29.0
Jun 2026: ₹29.0 Cr (+0.0% on a year earlier)
QuarterNet profit (quarterly)
Sep 2023₹33
Dec 2023₹19
Mar 2024₹34
Jun 2024₹26
Sep 2024₹33
Dec 2024₹29
Mar 2025₹31
Jun 2025₹29
Sep 2025₹43
Dec 2025₹33
Mar 2026₹37
Jun 2026₹29

Growth on a year earlier

  • Growth on a year earlier 0%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 2023–
Dec 2023−42.4%
Mar 20243%
Jun 2024−18.8%
Sep 20240%
Dec 202452.6%
Mar 2025−8.8%
Jun 202511.5%
Sep 202530.3%
Dec 202513.8%
Mar 202619.4%
Jun 20260%
Top: net profit each quarter, ₹ Cr. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Why profit moved: revenue changed +10.4% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +15.9% and revenue +14.4%. Profit and revenue are moving at about the same pace.

How much revenue does Flair Writing Industries make, and is it growing?

Flair Writing Industries Ltd reported ₹319 Cr of revenue in the Jun 2026 quarter, +10.4% on the same quarter a year earlier. That is the 8th quarter in a row with growth on the year before. Over 9 years it has grown 12.9% a year on average. The last full year, FY26, came in at ₹1,250 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. Export own-brand (Rs 88 crores, 9M FY26, +28.8% YoY) is being driven by South America and Middle East recovery. Export OEM also growing at 22.6% in 9M. EU FTA expected to boost future expansion (Creative segment export demand exists but supply-constrained). Pierre Cardin brand licensing provides premium positioning. The mix shift from OEM to own-brand at higher ASP is a durable margin-accretive lever.

The last four reported quarters add to ₹1,281 Cr.

FY26 revenue was ₹1,250 Cr, +15.7% on the year before.

FY26 revenue ₹1,250 Cr (+15.7% on the year before), 12.9% a year over 9 years

  • Revenue ₹1,250
FY26 revenue ₹1,250 Cr (+15.7% on the year before), 12.9% a year over 9 years
QuarterRevenue
FY17₹419
FY18₹573
FY21₹298
FY22₹577
FY23₹942
FY24₹979
FY25₹1,080
FY26₹1,250

Growth on a year earlier

  • Growth on a year earlier 15.7%
Growth on a year earlier
QuarterGrowth on a year earlier
FY17–
FY1836.8%
FY21−48%
FY2293.6%
FY2363.3%
FY243.9%
FY2510.3%
FY2615.7%
Top: revenue each year, ₹ Cr. Below: growth on the year before, %. 8-year window. A grey bar is lower than the year before.

Jun 2026: ₹319 Cr (+10.4% on a year earlier), the 8th quarter in a row of growth

  • Revenue (quarterly) ₹319
Jun 2026: ₹319 Cr (+10.4% on a year earlier), the 8th quarter in a row of growth
QuarterRevenue (quarterly)
Sep 2023₹257
Dec 2023₹225
Mar 2024₹250
Jun 2024₹247
Sep 2024₹270
Dec 2024₹265
Mar 2025₹298
Jun 2025₹289
Sep 2025₹321
Dec 2025₹318
Mar 2026₹323
Jun 2026₹319

Growth on a year earlier

  • Growth on a year earlier 10.4%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 2023–
Dec 2023−3%
Mar 2024−3.8%
Jun 20240%
Sep 20245.1%
Dec 202417.8%
Mar 202519.2%
Jun 202517%
Sep 202518.9%
Dec 202520%
Mar 20268.4%
Jun 202610.4%
Top: revenue each quarter, ₹ Cr. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +14.4% on average, against 12.9% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +14.2%, against +14.4% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +16.4%, against +12.6% a year (accelerating).

Watch next

Metric
Geographical Expansion (export own-brand 29.9% YoY, 115…
Threshold
FY27 concall: Does pen volume data become internally consistent? Are margin goals stated with explicit conditions?
Which result
the next result

How much of every ₹100 of sales does Flair Writing Industries keep?

Flair Writing Industries Ltd's operating margin was 17.0% in the Jun 2026 quarter, about the same as the same quarter a year ago. Across 8 years it has been between 8.0% and 20.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. The structural engine of the thesis. Creative Stationery (Rs 211 crores, 9M FY26) now includes 240 SKUs across 18 categories with Disney licensing and Maped distribution partnerships. Steel Bottles (Rs 64 crores, 9M FY26) reached Rs 25 crores quarterly run-rate by Q3 FY26, from a Rs 12 crore baseline. The critical insight: these segments are EBITDA-positive at higher margins than legacy pens. As they scale to 35-40% of revenue, blended EBITDA margins move from the current 18% toward 20%+. Valsad facility operationalization (Q1 FY27 full commissioning) removes the capacity constraint that has been limiting further acceleration.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed −0.5 percentage points on the year while gross margin changed −0.3 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

FY26: 18.0%, within a range of 8.0% to 20.0% over 8 years

  • Operating margin 18.0%
FY26: 18.0%, within a range of 8.0% to 20.0% over 8 years
QuarterOperating margin
FY1720%
FY1817%
FY218%
FY2217%
FY2320%
FY2420%
FY2517%
FY2618%

Change on the year before (points)

  • Change on the year before (points) +1.0 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY17–
FY18−3.0 pts
FY21−9.0 pts
FY22+9.0 pts
FY23+3.0 pts
FY240.0 pts
FY25−3.0 pts
FY26+1.0 pts
Operating margin each year, % (top). Below: change on the year before, in percentage points. 8-year window.

Jun 2026: operating margin 17.0% (+0.0 points on a year earlier)

  • Operating margin 17.0%
Jun 2026: operating margin 17.0% (+0.0 points on a year earlier)
QuarterOperating margin
Sep 202321%
Dec 202315%
Mar 202420%
Jun 202417%
Sep 202419%
Dec 202417%
Mar 202516%
Jun 202517%
Sep 202519%
Dec 202518%
Mar 202618%
Jun 202617%

Change on a year earlier (points)

  • Change on a year earlier (points) 0.0 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Sep 2023–
Dec 2023−8.0 pts
Mar 2024−1.0 pts
Jun 2024−4.0 pts
Sep 2024−2.0 pts
Dec 2024+2.0 pts
Mar 2025−4.0 pts
Jun 20250.0 pts
Sep 20250.0 pts
Dec 2025+1.0 pts
Mar 2026+2.0 pts
Jun 20260.0 pts
Top: quarterly operating margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Operating profit as a share of revenue, each quarter.

Watch next

Metric
Value-Added Product Mix Shift (Creative + Steel Bottles…
Threshold
FY27 concall: Does pen volume data become internally consistent? Are margin goals stated with explicit conditions?
Which result
the next result

Is Flair Writing Industries' profit turning into cash?

Over the last 3 years, 71% of Flair Writing Industries Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹137 Cr of operating cash against ₹141 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹145 Cr of spending on assets, free cash was −₹8.0 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY26: operating cash ₹137 Cr against profit ₹141 Cr; 71% of 3 years' profit came in as cash

  • Operating cash ₹137
  • Net profit ₹141
  • Free cash −₹8
FY26: operating cash ₹137 Cr against profit ₹141 Cr; 71% of 3 years' profit came in as cash
QuarterOperating cashNet profitFree cash
FY17₹64₹50–
FY18₹35₹49−₹11
FY21₹67₹1–
FY22₹34₹56−₹2
FY23₹96₹118₹15
FY24₹78₹118−₹54
FY25₹55₹119−₹93
FY26₹137₹141−₹8
Operating cash flow and net profit each year, ₹ Cr. The line is free cash flow: operating cash minus spending on assets. 8-year window, yearly figures.

FY26: operating cash was 97% of profit (71% over three years)

  • Operating cash as % of profit 97%
  • Break-even line 100%
FY26: operating cash was 97% of profit (71% over three years)
QuarterOperating cash as % of profitBreak-even line
FY17128%100%
FY1871%100%
FY21300%100%
FY2261%100%
FY2381%100%
FY2466%100%
FY2546%100%
FY2697%100%
Operating cash as a share of net profit, each year, % (line). The flat line marks 100%, meaning all of the profit came in as cash; unusual years are drawn at the edge.

Why 71% of profit came in as cash: the cash cycle got 89 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 3.1× depreciation over three years. The next section checks what that spending is building.

Where does Flair Writing Industries' cash go?

Flair Writing Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 251 days in FY26, down from 340 days in FY21. It spent ₹425 Cr on assets over the last 3 years. Customers take 80 days to pay, and stock sits for 211 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,250 Cr, each day of that cycle ties up about ₹3.4 Cr, so roughly ₹860 Cr is tied up in the business at any time.

FY26: customers took 80 days to pay and stock sat for 211 days, about 6.9 months of sales sitting as stock, for a full cycle of 251 days, shorter than FY21's 340.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 211 days. Customers pay about 80 days after that. Suppliers are paid at 40 days. Together that makes the 251-day cycle.

FY26: a 251-day cash cycle, −89 days compared with FY21

  • Cash cycle 251d
  • Inventory days 211d
  • Debtor days 80d
  • Payable days 40d
FY26: a 251-day cash cycle, −89 days compared with FY21
QuarterCash cycleInventory daysDebtor daysPayable days
FY17118d132d75d89d
FY18110d103d76d69d
FY21340d288d142d90d
FY22252d218d93d60d
FY23174d153d66d46d
FY24201d170d80d49d
FY25247d197d88d37d
FY26251d211d80d40d
Debtor days, inventory days, payable days and the full cash cycle, each year. 8-year window.

Spending on assets: ₹425 Cr over the last 3 years, against ₹135 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹60.0 Cr (FY26): assets paid for that are not earning yet.

FY26: capex ₹145 Cr, work in progress ₹60.0 Cr, a build-out

  • Capex ₹145
  • Work-in-progress ₹60.0
FY26: capex ₹145 Cr, work in progress ₹60.0 Cr, a build-out
QuarterCapexWork-in-progress
FY18₹46₹8
FY22₹36₹2
FY23₹81₹2
FY24₹132₹20
FY25₹148₹23
FY26₹145₹60
Capital spending each year, ₹ Cr, with work in progress, ₹ Cr, as the line. Quarterly capital-spending figures are not available for India, so this is yearly.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

What is Flair Writing Industries' P/E ratio, and how does it compare with its own history?

Flair Writing Industries Ltd's P/E is 17.4×, near the low end of its own history: it has been lower only 3% of the time. Its usual P/E (the middle reading) is 24.8×, over 2.9 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

P/E 17.4× against a usual 24.8×: near the low end of its own history: it has been lower only 3% of the time

  • P/E 17.4×
  • Median 24.8×
P/E 17.4× against a usual 24.8×: near the low end of its own history: it has been lower only 3% of the time
WeekP/EMedian
1 Dec 202332.2×24.8×
8 Dec 202332.2×24.8×
15 Dec 202332.2×24.8×
22 Dec 202332.2×24.8×
29 Dec 202331.1×24.8×
5 Jan 202432.2×24.8×
12 Jan 202431.4×24.8×
20 Jan 202430.2×24.8×
25 Jan 202428.7×24.8×
2 Feb 202428.9×24.8×
9 Feb 202428.8×24.8×
16 Feb 202424.8×24.8×
23 Feb 202425.1×24.8×
2 Mar 202425.4×24.8×
7 Mar 202424.4×24.8×
15 Mar 202423.2×24.8×
22 Mar 202423.2×24.8×
28 Mar 202422.4×24.8×
5 Apr 202426.2×24.8×
12 Apr 202425.9×24.8×
19 Apr 202427.8×24.8×
26 Apr 202427.1×24.8×
3 May 202427.1×24.8×
10 May 202425.3×24.8×
18 May 202426.7×24.8×
24 May 202426.4×24.8×
31 May 202425.3×24.8×
7 Jun 202425.6×24.8×
14 Jun 202426.0×24.8×
21 Jun 202426.1×24.8×
28 Jun 202426.6×24.8×
5 Jul 202429.3×24.8×
12 Jul 202427.8×24.8×
19 Jul 202427.7×24.8×
26 Jul 202427.1×24.8×
2 Aug 202428.5×24.8×
9 Aug 202427.7×24.8×
16 Aug 202427.0×24.8×
23 Aug 202428.8×24.8×
30 Aug 202428.6×24.8×
6 Sep 202427.9×24.8×
13 Sep 202430.6×24.8×
20 Sep 202429.1×24.8×
27 Sep 202428.7×24.8×
4 Oct 202427.5×24.8×
11 Oct 202427.7×24.8×
18 Oct 202427.6×24.8×
25 Oct 202425.9×24.8×
1 Nov 202426.3×24.8×
8 Nov 202425.8×24.8×
14 Nov 202424.4×24.8×
22 Nov 202424.4×24.8×
29 Nov 202426.3×24.8×
6 Dec 202427.5×24.8×
13 Dec 202430.1×24.8×
20 Dec 202428.3×24.8×
27 Dec 202428.3×24.8×
3 Jan 202526.9×24.8×
10 Jan 202524.4×24.8×
17 Jan 202524.3×24.8×
24 Jan 202523.0×24.8×
1 Feb 202522.5×24.8×
7 Feb 202520.9×24.8×
14 Feb 202518.8×24.8×
21 Feb 202519.3×24.8×
28 Feb 202518.3×24.8×
7 Mar 202519.0×24.8×
13 Mar 202517.5×24.8×
21 Mar 202520.3×24.8×
28 Mar 202519.3×24.8×
4 Apr 202520.2×24.8×
11 Apr 202519.9×24.8×
17 Apr 202522.3×24.8×
25 Apr 202521.4×24.8×
2 May 202521.8×24.8×
9 May 202523.5×24.8×
16 May 202524.2×24.8×
23 May 202524.4×24.8×
30 May 202524.6×24.8×
6 Jun 202523.2×24.8×
13 Jun 202522.5×24.8×
20 Jun 202522.0×24.8×
27 Jun 202522.4×24.8×
4 Jul 202523.8×24.8×
11 Jul 202526.4×24.8×
18 Jul 202528.2×24.8×
25 Jul 202528.1×24.8×
1 Aug 202529.6×24.8×
8 Aug 202527.6×24.8×
14 Aug 202526.4×24.8×
22 Aug 202527.0×24.8×
29 Aug 202526.8×24.8×
5 Sep 202527.8×24.8×
12 Sep 202528.0×24.8×
19 Sep 202527.8×24.8×
26 Sep 202525.6×24.8×
3 Oct 202527.2×24.8×
10 Oct 202527.2×24.8×
17 Oct 202527.4×24.8×
24 Oct 202526.1×24.8×
31 Oct 202526.9×24.8×
7 Nov 202525.1×24.8×
14 Nov 202525.4×24.8×
21 Nov 202524.1×24.8×
28 Nov 202523.8×24.8×
5 Dec 202523.0×24.8×
12 Dec 202524.0×24.8×
19 Dec 202523.9×24.8×
26 Dec 202524.2×24.8×
2 Jan 202625.2×24.8×
9 Jan 202625.5×24.8×
16 Jan 202625.0×24.8×
23 Jan 202624.2×24.8×
1 Feb 202623.3×24.8×
6 Feb 202623.8×24.8×
13 Feb 202625.3×24.8×
20 Feb 202624.6×24.8×
27 Feb 202624.1×24.8×
6 Mar 202624.6×24.8×
13 Mar 202623.4×24.8×
20 Mar 202624.0×24.8×
27 Mar 202622.3×24.8×
2 Apr 202623.1×24.8×
7 Apr 202623.3×24.8×
10 Apr 202624.7×24.8×
17 Apr 202626.1×24.8×
24 Apr 202625.2×24.8×
30 Apr 202624.9×24.8×
8 May 202626.4×24.8×
15 May 202626.1×24.8×
22 May 202622.2×24.8×
29 May 202621.8×24.8×
4 Jun 202621.7×24.8×
5 Jun 202621.5×24.8×
10 Jun 202621.3×24.8×
12 Jun 202620.4×24.8×
17 Jun 202620.8×24.8×
19 Jun 202621.1×24.8×
24 Jun 202620.6×24.8×
25 Jun 202620.0×24.8×
1 Jul 202620.2×24.8×
3 Jul 202619.6×24.8×
10 Jul 202619.6×24.8×
17 Jul 202619.6×24.8×
24 Jul 202619.0×24.8×
31 Jul 202619.5×24.8×
7 Aug 202619.0×24.8×
14 Aug 202619.1×24.8×
21 Aug 202618.8×24.8×
28 Aug 202618.8×24.8×
4 Sep 202618.4×24.8×
11 Sep 202617.8×24.8×
18 Sep 202617.8×24.8×
25 Sep 202617.9×24.8×
1 Oct 202617.1×24.8×
9 Oct 202616.6×24.8×
16 Oct 202617.9×24.8×
23 Oct 202616.8×24.8×
30 Oct 202617.4×24.8×

Earnings per share, 12 months

  • Earnings per share, 12 months ₹13
Earnings per share, 12 months
WeekEarnings per share, 12 months
1 Dec 2023–
8 Dec 2023–
15 Dec 2023–
22 Dec 2023–
29 Dec 2023₹11
5 Jan 2024₹11
12 Jan 2024₹11
20 Jan 2024₹11
25 Jan 2024₹11
2 Feb 2024₹11
9 Feb 2024₹11
16 Feb 2024₹11
23 Feb 2024₹11
2 Mar 2024₹11
7 Mar 2024₹11
15 Mar 2024₹11
22 Mar 2024₹11
28 Mar 2024₹11
5 Apr 2024₹11
12 Apr 2024₹11
19 Apr 2024₹11
26 Apr 2024₹11
3 May 2024₹11
10 May 2024₹11
18 May 2024₹11
24 May 2024₹11
31 May 2024₹11
7 Jun 2024₹11
14 Jun 2024₹11
21 Jun 2024₹11
28 Jun 2024₹11
5 Jul 2024₹11
12 Jul 2024₹11
19 Jul 2024₹11
26 Jul 2024₹11
2 Aug 2024₹11
9 Aug 2024₹11
16 Aug 2024₹11
23 Aug 2024₹11
30 Aug 2024₹11
6 Sep 2024₹11
13 Sep 2024₹11
20 Sep 2024₹11
27 Sep 2024₹11
4 Oct 2024₹11
11 Oct 2024₹11
18 Oct 2024₹11
25 Oct 2024₹11
1 Nov 2024₹11
8 Nov 2024₹11
14 Nov 2024₹11
22 Nov 2024₹11
29 Nov 2024₹11
6 Dec 2024₹11
13 Dec 2024₹11
20 Dec 2024₹11
27 Dec 2024₹11
3 Jan 2025₹11
10 Jan 2025₹11
17 Jan 2025₹11
24 Jan 2025₹11
1 Feb 2025₹11
7 Feb 2025₹11
14 Feb 2025₹11
21 Feb 2025₹11
28 Feb 2025₹11
7 Mar 2025₹11
13 Mar 2025₹11
21 Mar 2025₹11
28 Mar 2025₹12
4 Apr 2025₹12
11 Apr 2025₹12
17 Apr 2025₹12
25 Apr 2025₹12
2 May 2025₹12
9 May 2025₹12
16 May 2025₹12
23 May 2025₹12
30 May 2025₹12
6 Jun 2025₹12
13 Jun 2025₹12
20 Jun 2025₹12
27 Jun 2025₹11
4 Jul 2025₹11
11 Jul 2025₹11
18 Jul 2025₹11
25 Jul 2025₹11
1 Aug 2025₹11
8 Aug 2025₹11
14 Aug 2025₹11
22 Aug 2025₹11
29 Aug 2025₹11
5 Sep 2025₹11
12 Sep 2025₹11
19 Sep 2025₹11
26 Sep 2025₹12
3 Oct 2025₹12
10 Oct 2025₹12
17 Oct 2025₹12
24 Oct 2025₹12
31 Oct 2025₹12
7 Nov 2025₹12
14 Nov 2025₹12
21 Nov 2025₹12
28 Nov 2025₹12
5 Dec 2025₹12
12 Dec 2025₹12
19 Dec 2025₹12
26 Dec 2025₹13
2 Jan 2026₹13
9 Jan 2026₹13
16 Jan 2026₹13
23 Jan 2026₹13
1 Feb 2026₹13
6 Feb 2026₹13
13 Feb 2026₹13
20 Feb 2026₹13
27 Feb 2026₹13
6 Mar 2026₹13
13 Mar 2026₹13
20 Mar 2026₹13
27 Mar 2026₹13
2 Apr 2026₹13
7 Apr 2026₹13
10 Apr 2026₹13
17 Apr 2026₹13
24 Apr 2026₹13
30 Apr 2026₹13
8 May 2026₹13
15 May 2026₹13
22 May 2026₹13
29 May 2026₹13
4 Jun 2026₹13
5 Jun 2026₹13
10 Jun 2026₹13
12 Jun 2026₹13
17 Jun 2026₹13
19 Jun 2026₹13
24 Jun 2026₹13
25 Jun 2026₹13
1 Jul 2026₹13
3 Jul 2026₹13
10 Jul 2026₹13
17 Jul 2026₹13
24 Jul 2026₹13
31 Jul 2026₹13
7 Aug 2026₹13
14 Aug 2026₹13
21 Aug 2026₹13
28 Aug 2026₹13
4 Sep 2026₹13
11 Sep 2026₹13
18 Sep 2026₹13
25 Sep 2026₹13
1 Oct 2026₹13
9 Oct 2026₹13
16 Oct 2026₹13
23 Oct 2026₹13
30 Oct 2026₹13
Top: P/E each week. Below: earnings per share, trailing twelve months, leaving out one-off items, a step line that moves once a quarter; 2.9 years of history; short peaks above 32× are drawn at the top edge.

PEG 0.93: below 1.0, so the P/E is smaller than the earnings growth rate

  • PEG 0.93×
  • PEG = 1.0 1.00×
PEG 0.93: below 1.0, so the P/E is smaller than the earnings growth rate
QuarterPEGPEG = 1.0
Q1 FY261.20×1.00×
Q2 FY261.20×1.00×
Q3 FY261.20×1.00×
Q4 FY261.20×1.00×
Q1 FY270.93×1.00×
PEG each quarter: the P/E divided by the yearly growth rate of earnings. The flat line marks 1.0. Below it the P/E is smaller than the growth rate; above it the P/E is bigger. Last 5 quarters.
17.4×P/E · lower than 97% of its last 2.9 years
0.75PEG · today, as reported

Why the multiple is where it is: over the past year earnings per share moved +16.8% while the price moved −25.9%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 3 years the price moved −20.0% a year; about +5.7% a year came from earnings growth and about −25.7 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Is the Flair Writing Industries business getting better or worse?

Flair Writing Industries Ltd's business is getting better. Profit growth hit its low 7 quarters ago at −14.5% and has recovered to +16.4%, with ROCE steady at 16.6%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue +15.7% in FY26, profit +18.5%

  • Revenue growth 15.7%
Growth year by year: revenue +15.7% in FY26, profit +18.5%
QuarterRevenue growth
FY17–
FY1836.8%
FY21−48%
FY2293.6%
FY2363.3%
FY243.9%
FY2510.3%
FY2615.7%

Profit growth, EPS growth

  • Profit growth 18.5%
  • EPS growth 16.8%
Profit growth, EPS growth
QuarterProfit growthEPS growth
FY17––
FY18−2%−7.7%
FY21−98%−99.9%
FY22300%300%
FY23110.7%110.3%
FY240%−10.8%
FY250.8%0.5%
FY2618.5%16.8%
Growth on the year before, each year, %. Top: revenue. Below: net profit and earnings per share, on their own scale because profit growth swings much more. Zero line drawn. Turnaround-year jumps are drawn at the edge (▲).

Three growth lines over twelve quarters: revenue stabilising, profit accelerating

  • Revenue 14.2%
Three growth lines over twelve quarters: revenue stabilising, profit accelerating
QuarterRevenue
Sep 2023–
Dec 2023–
Mar 2024–
Jun 2024–
Sep 2024−0.4%
Dec 20244.3%
Mar 202510.3%
Jun 202514.6%
Sep 202518.2%
Dec 202518.8%
Mar 202615.8%
Jun 202614.2%

Profit, EPS

  • Profit 16.4%
  • EPS 14.8%
Profit, EPS
QuarterProfitEPS
Sep 2023––
Dec 2023––
Mar 2024––
Jun 2024––
Sep 2024−14.5%−56.8%
Dec 20244.3%−5.7%
Mar 20250.8%−6.2%
Jun 20258.9%3.5%
Sep 202517.9%16.4%
Dec 202511.5%9.7%
Mar 202619.3%17%
Jun 202616.4%14.8%
Growth on a year earlier, % at each quarter end. Top: revenue. Below: profit and earnings per share, on their own scale because they swing much more. Each is measured over the last 12 months. A gap means there is no reading for that quarter.

ROCE: the return line, worked out each quarter

  • ROCE 16.6%
ROCE: the return line, worked out each quarter
QuarterROCE
Sep 202333.3%
Dec 202329.8%
Mar 202422.9%
Jun 202420.5%
Sep 202419.7%
Dec 202421.1%
Mar 202515.9%
Jun 202516.3%
Sep 202516.5%
Dec 202517%
Mar 202616.6%
Jun 202616.6%
Operating profit over the last 12 months (before interest and tax) as a share of average capital employed (total assets minus current liabilities), %.
Steady highRevenue growth · latest +14.2%, range −0.4% to +18.8%
Steady highProfit growth · latest +16.4%, range −14.5% to +19.3%
FlatEPS growth · latest +14.8%, range −56.8% to +17.0%
Steady highROCE · latest 16.6%, range 15.9% to 33.3%

Why it matters: a lasting rise from a low is what this page is built to show.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue+15.7%+9.9%+33.2%—
Profit+18.5%+6.1%+169.1%—
EPS+16.8%+1.6%+165.8%—
Share price−25.9%−20.0%——
+10.4%Revenue growth (Jun 2026) · latest quarter against a year ago
+0.0%Profit growth (Jun 2026) · latest quarter against a year ago
12.9%Revenue, 9 years · yearly growth over the long run

What is the Flair Writing Industries story, and has it been checked?

Flair Writing Industries Ltd's story is not scored yet against the checks our research set on 17 May 2026. Where it sits in its own cycle: RIDING WAVE TO POTENTIAL INFLECTION.

NOT YET CHECKED

Our read, 17 May 2026. A confirmed mix-shift compounder on a capex-to-payoff inflection, Creative and Steel Bottles doubling while core pens lasts; management credibility is the gating variable.

From the numbers. Cycle position is COMPRESSED with GOLDEN SETUP (EPS acceleration signal). FII stake dropped from 1.38% (Dec…

From the price. Price stage 4, week 18, below its 200-day line, relative strength rising.

From the research. A confirmed mix-shift compounder on a capex-to-payoff inflection, Creative and Steel Bottles doubling while core pens lasts; management credibility is the gating variable.

Where they disagree. Cycle position is COMPRESSED with GOLDEN SETUP (EPS acceleration signal). FII stake dropped from 1.38% (Dec 2023) to 0.06% (Mar 2025) before recovering slightly to 0.3% (Dec 2025), ongoing FII exit trend is a negative institutional signal. DII stake stable at 9-11%. 78.59% promoter stake immovable across all periods.

What is proven. A confirmed mix-shift compounder on a capex-to-payoff inflection, Creative and Steel Bottles doubling while core pens lasts; management credibility is the gating variable.

What is not proven yet. Contradictory pen volume data (mathematically impossible), margin walk-back, and manufacturing integration delay documented across Jan 2026 and Nov 2025 calls, raises question of data reliability or selective disclosure.

The test written in advance. Management consistency failures, three documented in back-to-back concalls. Measured by: Management consistency failures, three documented in back-to-back concalls FY27 concall: Does pen volume data become internally consistent? Are margin goals stated with explicit conditions? by the next result.

The test written in advance. DOMS Industries competitive pressure in Creative Stationery. Measured by: DOMS Industries competitive pressure in Creative Stationery Creative segment quarterly revenue, is it sustaining 40-50%+ growth rate vs DOMS Creative segment growth? by the next result.

The test written in advance. PAT-growth structural lag from capex-driven depreciation. Measured by: PAT-growth structural lag from capex-driven depreciation Q4 FY26 and Q1 FY27 depreciation run-rate vs revenue from Valsad facility by the next result.

What the company does. Creative Stationery + Steel Bottles grew from 15% to 30% of revenue in one year, collectively +78.5% in 9M FY26, while core pens sustains mid-single-digit base. Valsad greenfield facility commissioning (Q4 FY26/Q1 FY27) ends the heavy-capex cycle, EBITDA already growing faster than revenue (25.7% vs 20.1% in Q3 FY26), PAT drag from +42% depreciation resolves as new capacity ramps. Three documented management consistency failures (contradictory pen volume data, margin guidance walk-back, manufacturing integration delay) are the primary thesis risk, execution credibility is VERIFY, not TRUST.

The key numbers to watch, and the level that would change the picture

The key numbers to watch, and the level that would change the picture
MeasureNowWhy it matters
Value-Added Product Mix Shift (Creative +…HIGHCreative Stationery +71.8% and Steel Bottles +102.2% in 9M FY26, these segments collectively went from 15% to 30% of revenue in…
Geographical Expansion (export own-brand…MEDIUMIndia's largest pen exporter pivoting from private-label OEM to own-brand (Flair/Hauser/Pierre Cardin), export own-brand +29.9%…
Operating Leverage Inflection (EBITDA…MEDIUMQ3 FY26: EBITDA +25.7% on revenue +20.1%, operating leverage is activating; PAT drag from +42% depreciation resolves…
In-house Manufacturing Integration (margin…MEDIUMCreative in-house manufacturing at 75% (Q3) vs 80-85% commitment, each point of in-house vs job-work improves gross margin and…

Everything further down this page is evidence for or against these.

The numbersriding wave to potential inflectionFY25-Q4 to FY26-Q3
The pricefalling, below the 200-day averageFY25-Q4 to FY26-Q3
The whymultiple near its usual levelFY25-Q4 to FY26-Q3

FY25-Q4FY26-Q3

  • 1 · Operating leveragebuilding
  • 2 · Value-added mixquiet
  • 3 · Management changequiet
  • 4 · Paying down debtquiet
  • 5 · Regulatory approvalbuilding
  • 6 · Order-book winsquiet
  • 7 · Consolidationbuilding
  • 8 · Demerger or value unlockquiet
  • 9 · Buybackquiet
  • 10 · New geographiesbuilding
  • 11 · More business from existing customersquiet
  • 12 · New product launchquiet
  • 13 · Mandatory normsquiet
  • 14 · A bigger market to servequiet
  • 15 · Market-share gainsquiet
  • 16 · Asset qualityquiet

Lever 1 · Operating leverage: building. Creative Stationery +71.8% and Steel Bottles +102.2% in 9M FY26, these segments collectively went from 15% to 30% of revenue in one year, growing at 5-7x the rate of core pens. What proves it keeps working: Value-Added Product Mix Shift (Creative + Steel Bottles 15%→30% revenue share). It stops working if FY27 concall: Does pen volume data become internally consistent? Are margin goals stated with explicit conditions?

Lever 10 · New geographies: building. India's largest pen exporter pivoting from private-label OEM to own-brand (Flair/Hauser/Pierre Cardin), export own-brand +29.9% YoY in Q3 FY26, structurally higher ASP and margin. What proves it keeps working: Geographical Expansion (export own-brand 29.9% YoY, 115 countries). It stops working if FY27 concall: Does pen volume data become internally consistent? Are margin goals stated with explicit conditions?

Lever 5 · Regulatory approval: building. Q3 FY26: EBITDA +25.7% on revenue +20.1%, operating leverage is activating; PAT drag from +42% depreciation resolves post-Valsad full commissioning (Q1 FY27). What proves it keeps working: Operating Leverage Inflection (EBITDA growing faster than revenue). It stops working if FY27 concall: Does pen volume data become internally consistent? Are margin goals stated with explicit conditions?

Lever 7 · Consolidation: building. Creative in-house manufacturing at 75% (Q3) vs 80-85% commitment, each point of in-house vs job-work improves gross margin and reduces supply risk; goal 80%+ in coming quarters. What proves it keeps working: In-house Manufacturing Integration (margin enhancement lever). It stops working if FY27 concall: Does pen volume data become internally consistent? Are margin goals stated with explicit conditions?

Sources: our stock research file (17 May 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.

The whole page in one table. Each row links to its section.

The whole page in one table. Each row links to its section.
SectionWhere it is nowThe one thing to watch next
Margin18%Value-Added Product Mix Shift (Creative + Steel Bottles…
Revenue₹323 CrGeographical Expansion (export own-brand 29.9% YoY, 115…
Safetysee the sectionOperating Leverage Inflection (EBITDA growing faster than…

Did Flair Writing Industries management deliver what it promised?

What Flair Writing Industries Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met.

Pen Growth Guidance Raised Without Reconciliation · 12 August 2026. In May 2026, management stated a 5% annual growth goal for Pens. In Aug 2026, management described the expected trajectory as high single-digit growth and called it the same guidance, without explaining the change from the explicit 5% goal; this could materially affect segment and consolidated revenue assumptions.

Steel Bottle Capacity Expansion Conflicts With Prior Capex Discipline · 12 August 2026. In May 2026, management said no major manufacturing facility would be added until existing facilities were fully utilized. By Aug 2026, management announced an order for a fourth steel bottle line that would increase capacity by approximately 35%, while current utilization was about 65%; This changes the near-term capex and capacity assumptions.

Pen Segment Growth Goals Reconsidered · 22 May 2026. In the November 2025 and January 2026 calls, management repeatedly committed to maintaining a high single-digit growth goal for the core pen division. In the May 2026 call, they revised this outlook downward to a 5% annual growth goal for writing instruments.

Strategic Shift in Capex Intensity and Return Profile · 22 May 2026. During the January 2026 call, management indicated that once the Valsad facility was commissioned, capital outlays would transition exclusively towards maintenance capex and molds. However, in the May 2026 call, they announced a substantial capital outlay of 80 to 90 crores for the upcoming year and stated they are not pursuing an asset-light model.

Every quote above is taken word for word from the company’s own earnings calls.

What is Flair Writing Industries management's track record?

Flair Writing has consistently met or exceeded its 15-16% revenue yearly growth guidance, reporting 18.6% growth for 9M FY26. While the core pen segment grew only 4.8% due to the total phase-out of domestic OEM business, the 'Creative' and 'Steel Bottles' segments surged by 78.5% on a year earlier, now contributing significantly to the top line. Operating margin have stabilized around 18%, though October to December 2025 saw a 95 basis points gross margin compression due to product mix. Management's focus remains on premiumization and capacity expansion at Valsad to drive FY27 growth.

Regulatory and governance record

Flair Writing Industries Ltd (FLAIR) is classified as MINOR due to recent administrative and tax-related penalties, with no evidence of promoter fraud or SEBI enforcement actions. In October 2024, the company was ordered by the EPFO to pay ₹1.18 crore in damages and interest under the EPF Act, 1952. Additionally, in March 2026, the company received a GST demand of ₹73.14 lakh (plus an equivalent penalty) regarding Input Tax Credit for FY 2019-20. The company has stated it will challenge both orders and expects no material impact on operations. Promoters were verified as having no disciplinary actions from SEBI as of their 2023 listing addendum. No links to the 'Retro Green' or 'Debock' scams were found.

Checked 20 April 2026.

How much does Flair Writing Industries earn on its capital?

Flair Writing Industries Ltd earned a ROCE of 17% in FY26. That is up from a low of 16% in FY25. Its return on capital used (ROIC) is 1.4 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a 11.3% net margin and 0.91× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 11.3% net margin × 0.91× asset turnover × 1.20× leverage (assets divided by equity) ≈ 12.3% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 10.6% − 12.0% = −1.4 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

The 10.6% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 12.9%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

FY26: ROCE 17%, the climb back from FY25's 16%

  • ROCE 17%
  • ROIC (annual) 12.9%
  • Cost of capital 12%
FY26: ROCE 17%, the climb back from FY25's 16%
QuarterROCEROIC (annual)Cost of capital
FY1828%–12%
FY2220%13.2%12%
FY2333%23%12%
FY2422%17.8%12%
FY2516%12.5%12%
FY2617%12.9%12%
Return on capital employed each year, % (line); ROIC each year, % (line). 6-year window, low years included. The flat line is the 12.0% cost of capital used on this page.

Q4 FY26: ROCE 14.1% (last 12 months) against a 12.0% cost of capital

  • ROCE (12 months) 14.1%
  • ROIC (12 months) 13%
  • Cost of capital 12.0%
Q4 FY26: ROCE 14.1% (last 12 months) against a 12.0% cost of capital
QuarterROCE (12 months)ROIC (12 months)Cost of capital
Q2 FY2431.8%–12%
Q3 FY24––12%
Q4 FY2416%19.8%12%
Q1 FY25–18%12%
Q2 FY2513.6%15.6%12%
Q3 FY25–14.2%12%
Q4 FY2512.9%14.5%12%
Q1 FY26–13%12%
Q2 FY2613.3%12.7%12%
Q3 FY26–12.7%12%
Q4 FY2614.1%12.7%12%
Q1 FY27–13%12%
ROCE and ROIC over the last 12 months, each quarter, %; the flat line is the cost of capital. Last 12 quarters, lined up with the yearly figure.

Does Flair Writing Industries have too much debt?

Flair Writing Industries Ltd has total debt of ₹66.0 Cr against shareholder equity of ₹1,143 Cr as of Jun 2026, so its debt is 0.06× its equity, which is very little. Year by year, that ratio went from 0.28 in FY23 to 0.06 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

FY26: debt ₹66.0 Cr, 0.06× equity

  • Total debt ₹66.0
FY26: debt ₹66.0 Cr, 0.06× equity
QuarterTotal debt
FY23₹123
FY24₹69
FY25₹62
FY26₹66

Debt-to-equity

  • Debt-to-equity 0.06×
Debt-to-equity
QuarterDebt-to-equity
FY230.28×
FY240.08×
FY250.06×
FY260.06×
Top: total debt each year, ₹ Cr. Below: debt-to-equity, ×. 4-year window.

Jun 2026: debt ₹66.0 Cr, debt-to-equity 0.06

  • Total debt (quarterly) ₹66.0
Jun 2026: debt ₹66.0 Cr, debt-to-equity 0.06
QuarterTotal debt (quarterly)
Sep 2023₹163
Dec 2023₹163
Mar 2024₹69
Jun 2024₹69
Sep 2024₹52
Dec 2024₹52
Mar 2025₹62
Jun 2025₹62
Sep 2025₹59
Dec 2025₹59
Mar 2026₹66
Jun 2026₹66

Debt-to-equity

  • Debt-to-equity 0.06×
Debt-to-equity
QuarterDebt-to-equity
Sep 20230.33×
Dec 20230.33×
Mar 20240.08×
Jun 20240.08×
Sep 20240.05×
Dec 20240.05×
Mar 20250.06×
Jun 20250.06×
Sep 20250.05×
Dec 20250.05×
Mar 20260.06×
Jun 20260.06×
Top: total debt each quarter, ₹ Cr. Below: debt-to-equity, ×. Last 12 quarters. Indian companies report the full balance sheet every six months, so the quarter in between repeats the last reading.

What is the Flair Writing Industries shareholding pattern?

Domestic institutions cut their stake in Flair Writing Industries Ltd by 1.0 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 10.4% of the company. Foreign institutions moved +0.9 points over the same period, to 0.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: −1.0 points over 8 quarters, to 10.4%; Foreign institutions: +0.9 points over 8 quarters, to 0.9%; Promoters: +0.0 points over 8 quarters, to 78.6%.

Why the owners changed: domestic institutions drove it (−1.0 points), with the other side taken by foreign institutions (+0.9 points). They reduced their stake.

Year ends: domestic institutions −0.5 points from Mar 2024 to Mar 2026

  • Promoters 78.59%
  • Foreign inst. 0.3%
  • Domestic inst. 10.34%
  • Public 10.78%
Year ends: domestic institutions −0.5 points from Mar 2024 to Mar 2026
QuarterPromotersForeign inst.Domestic inst.Public
Mar 202478.59%0.25%10.85%10.3%
Mar 202578.59%0.06%9.55%11.8%
Mar 202678.59%0.3%10.34%10.78%
Shareholding at each year end (March quarter), % of the company. 3 year ends on file.

Domestic institutions cut their stake by 1.0 points over 8 quarters

  • Promoters 78.59%
  • Foreign inst. 0.88%
  • Domestic inst. 10.4%
  • Public 10.13%
Domestic institutions cut their stake by 1.0 points over 8 quarters
QuarterPromotersForeign inst.Domestic inst.Public
Dec 202378.59%1.38%9.57%10.46%
Mar 202478.59%0.25%10.85%10.3%
Jun 202478.59%0.14%11.34%9.92%
Sep 202478.59%0.02%11.37%10.02%
Dec 202478.59%0.09%10.51%10.82%
Mar 202578.59%0.06%9.55%11.8%
Jun 202578.59%0.05%10.23%11.14%
Sep 202578.59%0.44%10.58%10.39%
Dec 202578.59%0.3%10.12%10.99%
Mar 202678.59%0.3%10.34%10.78%
Jun 202678.59%0.77%10.25%10.4%
Sep 202678.59%0.88%10.4%10.13%
Shareholding by owner group, % of the company, each quarter, last 12 quarters.

How far is Flair Writing Industries from balance-sheet trouble?

For Flair Writing Industries Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

Why this happened. EBITDA margins oscillating 17-19% with a gradual upward bias. The key constraint on PAT leverage is depreciation: Rs 13 crores/quarter in Q3 FY26 vs Rs 9.48 crores in Q3 FY25 (+42% YoY), directly suppressing PAT growth to 11-13% vs EBITDA growth of 25.7%. Post-Valsad full commissioning (Q1 FY27), management guided 'capex shifts to maintenance and product molds only; no new major manufacturing facilities until full utilization achieved; EBITDA margins expected to gradually improve as economies of scale activate.' This resolves the PAT-lag structural issue if the commissioning is on schedule.

Watch next

Metric
Operating Leverage Inflection (EBITDA growing faster than…
Threshold
FY27 concall: Does pen volume data become internally consistent? Are margin goals stated with explicit conditions?
Which result
the next result

How does Flair Writing Industries rank in its industry?

59.8 out of 100, rank 1 of 5 in Printing & Stationery, with 100% of the evidence available.

Flair Writing Industries Ltd scores 59.8 out of 100 against the 5 companies it is compared with in Printing & Stationery, ranking 1. Earnings are strong; relative strength in its sector is -3.8% and the one-year return is -25.9%.

The four parts add up to the total exactly: 23.7 + 12.9 + 16.9 + 6.3 = 59.8. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Which companies is Flair Writing Industries compared with?

Flair Writing Industries ranks 1 of 5 Printing & Stationery companies on the 4-Factor Sector Score, with 59.8 out of 100.

  1. 1Flair Writing Industries Ltd this pageFLAIR · basing · Evidence leans up · 100% evidence59.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 23.7/35 · Revenue 14.2% · Profit 16.4% · Operating margin change 0 points · 100% evidenceCapital efficiency 12.9/25 · ROCE 16.8% · Operating margin 17% · 100% evidenceValuation 16.9/20 · P/E 17.4× · PEG 1.18 · 100% evidenceRelative strength 6.3/20 · Lead over its industry -3.8% · Lead over NIFTY 500 -14.7% · 1 year -25.9% · 100% evidence · 0 of 12 weeks aheadExact sum: 23.7 + 12.9 + 16.9 + 6.3 = 59.8 · What this means: Earnings are strong; relative strength in its sector is -3.8% and the one-year return is -25.9%.
  2. 2DOMS Industries LtdDOMS · quiet · Evidence leans up · 67% evidence53.7out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 14.8/35 · Revenue 19.9% · Profit 3.2% · Operating margin change -6 points · 95% evidenceCapital efficiency 19.4/25 · ROCE 24.3% · Operating margin 12% · 76% evidenceValuation 12.0/20 · P/E 50.9× · PEG — · 50% evidenceRelative strength 7.5/20 · Lead over its industry — · Lead over NIFTY 500 -16.7% · 1 year -29.1% · 25% evidence · 0 of 12 weeks aheadExact sum: 14.8 + 19.4 + 12 + 7.5 = 53.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  3. 3Kokuyo Camlin LtdKOKUYOCMLN · basing · Evidence leans up · 85% evidence51.1out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 24.7/35 · Revenue 6.2% · Profit 100% · Operating margin change -1.8 points · 100% evidenceCapital efficiency 5.6/25 · ROCE 10.2% · Operating margin 6.8% · 100% evidenceValuation 13.3/20 · P/E 34× · PEG 1.5 · 100% evidenceRelative strength 7.5/20 · Lead over its industry — · Lead over NIFTY 500 -8% · 1 year -28.5% · 25% evidence · 0 of 12 weeks aheadExact sum: 24.7 + 5.6 + 13.3 + 7.5 = 51.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  4. 4Navneet Education LtdNAVNETEDUL · turning · Evidence leans down · 82% evidence43.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 9.7/35 · Revenue -3.8% · Profit 64.2% · Operating margin change -4 points · 95% evidenceCapital efficiency 9.2/25 · ROCE 10.2% · Operating margin 25% · 76% evidenceValuation 9.7/20 · P/E 22.3× · PEG — · 50% evidenceRelative strength 15.0/20 · Lead over its industry 6.7% · Lead over NIFTY 500 -5.1% · 1 year -21.9% · 100% evidence · 0 of 12 weeks aheadExact sum: 9.7 + 9.2 + 9.7 + 15 = 43.6 · What this means: Relative strength against the index is -5.1%, and revenue and profit growth are weak.
  5. 5Linc LtdLINC · Evidence leans down · 73% evidence41.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 11.5/43.75 · Revenue -1% · Profit -12.5% · Operating margin change -0.9 points · 100% evidenceCapital efficiency 19.4/31.25 · ROCE 19.1% · Operating margin 8.7% · 100% evidenceValuation 10.7/25 · P/E 15.4× · PEG 2.41 · 65% evidenceRelative strength: no reading this week · its 20 points are shared across the other threeExact sum: 11.5 + 19.4 + 10.7 = 41.6 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Printing & Stationery, all 5 compared on one page.

Which companies are close to Flair Writing Industries in size?

Flair Writing Industries is the 3rd largest of 5 Printing & Stationery companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: DOMS Industries and Navneet Education. Just below it: Kokuyo Camlin and Linc.

Printing & Stationery companies close in size

  1. DOMS Industries Ltd ₹11,067 crore
  2. Navneet Education Ltd ₹2,794 crore
  3. Flair Writing Industries Ltd ₹2,430 crore
  4. Kokuyo Camlin Ltd ₹748 crore
  5. Linc Ltd ₹485 crore

All 5 Printing & Stationery companies, largest first

Companies close in size in other industries

  1. Amic Forging Ltd ₹2,440 crore · Castings, Forgings & Fastners
  2. Vintage Coffee & Beverages Ltd ₹2,434 crore · FMCG - Coffee
  3. Flair Writing Industries Ltd ₹2,430 crore
  4. Crizac Ltd ₹2,425 crore · Platform - Education
  5. Rishabh Instruments Ltd ₹2,424 crore · Capital Goods - Electric General

What else do people ask about Flair Writing Industries?

What were Flair Writing Industries's latest quarterly results?

Flair Writing Industries Ltd reported revenue of ₹319 Cr and net profit of ₹29.0 Cr for the Jun 2026 quarter. Revenue rose 10.4% and profit rose 0.0% compared with a year earlier. Earnings per share were ₹2.71.

The operating margin was 17.0%, 0.0 percentage points higher than a year earlier (as of 30 October 2026).

What is Flair Writing Industries's market cap?

Flair Writing Industries Ltd's market capitalisation is ₹2,430 Cr at a share price of ₹230.56. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 30 October 2026).

How is Flair Writing Industries performing?

Flair Writing Industries Ltd's share price has been falling for 18 weeks. In its latest quarter, revenue rose 10.4% and profit rose 0.0% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 29 weeks running (as of 30 October 2026).

Will Flair Writing Industries's share price go up?

This page does not forecast Flair Writing Industries Ltd's share price. What it shows instead: the share price is ₹230.56, and it has been falling for 18 weeks. Its P/E of 17.4× is higher than 3% of its own last 3 years (as of 30 October 2026).

Who owns Flair Writing Industries?

Promoters own 78.6% of Flair Writing Industries Ltd, foreign institutions 0.9%, domestic institutions 10.4% and the public 10.1% (latest quarter). The biggest change over the last two years: Domestic institutions cut their stake by 1.0 percentage points over 8 quarters (as of 30 October 2026).

Does Flair Writing Industries have too much debt?

No, Flair Writing Industries Ltd has little debt: its debt is 0.06× its equity, and its operating profit is 38 times its interest bill. FY26 borrowings were ₹66.0 Cr against equity of ₹1,142 Cr.

So the returns on this page come from the business, not borrowed money (as of 30 October 2026).

Where is Flair Writing Industries in its business cycle?

Flair Writing Industries Ltd's FY26 operating margin was 18.0%, against a 8-year range of 8.0% to 20.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 17.0%.

Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 30 October 2026).

What could break the Flair Writing Industries story?

The main question: yearly earnings per share moved +16.8% while the share price moved −25.9%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 30 October 2026).

Is Flair Writing Industries a stock worth studying right now?

What the numbers show: Flair Writing Industries Ltd's earnings have grown faster than its share price. Earnings per share grew +16.8% in a year while the price moved −25.9%. The main open question: whether the price catches up with earnings that have already grown.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 30 October 2026).

Is there a Flair Writing Industries share price forecast for 2026?

What management itself guided: FY27 revenue growth at 15% on a year earlier.

Where does this page get Flair Writing Industries' management information?

From Flair Writing Industries' results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results.

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 30 October 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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