Flair Writing Industries Ltd Share Price - Live NSE/BSE
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Unlisted Shares

PHYSICAL

Flair Writing Industries Essentials

Flair Writing Industries Growth

Compounded Sales Growth

Highlights

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  • Industry leader: Flair Writing Industries Limited, a prominent producer and distributor of writing tools, stationery items, and household goods, achieved significant success in FY23. The company sold a total of 1,303.60 million pens, constituting 74.82% of its overall sales. Impressively, the company commands a substantial 12% market share in the pen segment in India.
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  • Revenue Growth - The company's revenue has experienced a substantial rise, climbing from ₹578 crore in FY22 to ₹943 crore in FY23, indicating a growth rate of 63%. Over the past 3 years, the company's revenue has consistently increased, achieving a compound annual growth rate (CAGR) of  77% from FY20 to FY23.
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  • Profitability: The net profit margin of the company has increased from 9.38% in FY22 to 12.37% in FY23, demonstrating a growth rate of 31% y-o-y.
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  • Investment thesis: The initial public offering (IPO) of this company has a price band set at Rs 304. When compared to industry peers in Flair Writing Industries, the average price-to-earnings (PE) ratio for the industry is 31. However, Flair's PE ratio is 24, indicating that this stock is undervalued.
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  • Stellar Returns: In FY23, consolidated EPS is 12.66, and the P/E is 24.01x, which makes the stock attractive vis-a-vis to peers, conditionally if the company maintains the growth rate. The same seems to be sustainable based on stellar profits, lean cost structure, substantial market share along with brand value and the FMCG premium valuations. Return on equity is now settled at above 25% in the latest year and that is likely to help the company to sustain valuations at higher levels. The company has had above-average sweating of assets as is evident from the asset turnover ratio. The asset sweating ratio of above 1 indicates that the company has the potential to grow its ROE in the coming years also.

Business Rating

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Managment
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Accounting Practice
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Profatibility
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Solvency
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Growth
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Valuation
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Over all Ratings
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Recommendation
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Our Team

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Sumit Rathod
Whole-time Director
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Rajesh Khubilal Rathod
Whole-time Director

Quantity

Invest

, Min. Investment: ₹