Manufactures and sells writing instruments (pens), creative stationery products, and steel bottles and houseware, primarily under its own brands, which made up 91% of FY26 revenue. The legacy Pens segment is targeted for 5% growth in FY27, while the Creative segment grew 74% in FY26 to ₹298 crores and the Steel Bottles and Houseware segment grew 95% to ₹85 crores; together the latter two contributed 31% of FY26 revenue, up from around 11% in FY21. Sales go to domestic retail and large-format stores driven by back-to-school demand, as well as to export OEM and own-brand buyers, with 121 new products launched in FY26 and fresh orders of ₹20 crores secured from large-format stores in Creative and Steel Bottles. A new Valsad manufacturing facility commenced operations in Q1 FY27, with capacity ramp-up by Q3 FY27, taking peak revenue capacity from current and Valsad infrastructure to ₹1,750 crores at optimum utilisation. The biggest input cost is materials at 50.1% of revenue, of which around 35% are crude-linked raw materials whose prices have moved 0–50% on the back of West Asia geopolitics, driving a guided Q1 FY27 EBITDA margin impact of around 4%. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Creative stationery, Steel Bottles & Houseware, Writing instruments (Pens). Multi-category own-brand consumer goods in stationery, creative and houseware, transitioning from a pen-centric base.
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 979 | 1,080 | 1,250 |
| EBITDA (ex other income) | 191 | 185 | 225 |
| margin % | 19.5 | 17.1 | 18.0 |
| Owners' profit | 119 | 120 | 140 |
| EPS, as reported (₹) | 12.19 | 11.35 | 13.26 |
| ROE % · ROCE % | 13.2 · 17.5 | 11.7 · 15.2 | 12.4 · 15.8 |
| Debt / equity (x) | 0.05 | 0.03 | 0.03 |
| Cash from operations | 78 | 54 | 137 |
| Capex | (110) | (134) | (141) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 270 | 265 | 298 | 289 | 321 | 318 | 323 | 319 |
| Profit before tax | 44 | 39 | 41 | 39 | 54 | 45 | 49 | 39 |
| Net profit | 33 | 29 | 31 | 29 | 43 | 33 | 37 | 29 |
| EPS (₹) | 3.12 | 2.79 | 2.93 | 2.72 | 4.04 | 3.11 | 3.40 | 2.71 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DOMS INDUSTRIES LIMITED | 12,866 | 59.2 | 9.88 | 30.6 | 18.4 | 22.7 | — | 12.9 |
| NAVNEET EDUCATION LTD | 2,805 | 7.5 | 133.64 | 507.2 | 17.6 | 20.2 | (54.0) | 27.5 |
| FLAIR WRITING INDUST LTD ◆ | 2,494 | 17.8 | 2.18 | 10.3 | 12.4 | 15.4 | — | 17.1 |
| KOKUYO CAMLIN LIMITED | 778 | — | 3.12 | 18.1 | 6.1 | 8.0 | — | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 1 Sept 2026 · Flair Writing invests Rs 100 crore in wholly-owned subsidiary FWEPL | strategic transactions | medium | — | — |
| 31 Aug 2026 · Flair Writing Industries gets GST Show Cause Notice for FY23 | regulatory legal | high | — | — |
| 29 Aug 2026 · AGM 2026: All 7 resolutions passed, dividend of Rs 0.50 per share approved | compliance | low | — | — |
| 27 Aug 2026 · Re-appointment of two Whole-time Directors for 5 more years | management changes | medium | — | — |
| 27 Aug 2026 · Price Waterhouse appointed as Statutory Auditor for 5 years | management changes | medium | — | — |
| 27 Aug 2026 · Flair Writing 10th AGM approves Rs 0.50 dividend, appoints PWC as auditor | board shareholder meetings | low | — | — |
| 18 Aug 2026 · Flair Writing Q1 FY27: Revenue up 10.6%, margin pressure from West Asia crisis | investor communications | medium | — | — |
| 12 Aug 2026 · Audio recording of Q1 FY27 earnings call now available | investor communications | medium | — | — |
| 12 Aug 2026 · Flair Writing publishes Q1 FY27 results QR code in newspapers | compliance | minimal | — | — |
| 11 Aug 2026 · Flair Writing Q1 FY27: Revenue up 11%, PAT flat at Rs 29 cr | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| LINC LIMITED | 567 | 18.0 | 2.18 | 8.3 | 12.7 | 17.4 | — | 9.0 |
| ALKOSIGN LIMITED | 70 | 5.9 | — | — | — | 4.9 | — | — |
| KSHITIJ POLYLINE LIMITED | 57 | 15.1 | 0.91 | 9.3 | 6.1 | 6.1 | — | 12.4 |
| SUNDARAM MULTI PAP LTD | 57 | — | 0.59 | 5.6 | (0.1) | (0.1) | — | 21.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 17.8 | 15.1 | 5 of 7 | 33% |
| P/B | 2.2 | 2.2 | 4 of 8 | 43% |
| ROCE | 15.4 | 8.0 | 4 of 9 | 63% |
| ROE | 12.4 | 9.3 | 4 of 8 | 57% |
| Debt / Equity | 0.0 | 0.2 | 3 of 8 | 71% |
| EBITDA margin | 17.1 | 15.0 | 3 of 6 | 60% |
| Revenue growth | 10.6 | 6.0 | 3 of 6 | 60% |
| Profit growth | 0.5 | (4.9) | 3 of 6 | 60% |
| Market cap | 2494 | 567 | 3 of 9 | 75% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
