- #1,482 Khubilal Jugraj Rathod & family ₹1,400 Cr
- #1,750 Vimal Chand Jugraj Rathod & family ₹1,000 Cr

About Flair Writing Industries Limited
Data last updated:
Flair Writing Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the non-metallic mineral products segment of the plastics and polymers sector. It was incorporated on 12 August 2016 and has been in existence for over 10 years.
Its director Khubilal Jugraj Rathod and family are #1,482 among India's richest people (2026). Its director Vimal Chand Jugraj Rathod and family are #1,750 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L51100MH2016PLC284727. Its GSTIN is 27AACCF8824C1ZR (Maharashtra). The company holds 7 GST registrations, of which 5 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 544030 and NSE: FLAIR.
The company has an authorised share capital of ₹55 Cr and a paid-up capital of ₹52.7 Cr. It was formerly known as Flair Writing Industries Private Limited and Flair Writing Instruments. It is led by directors including Vimalchand Jugraj Rathod (Managing Director) and Rajesh Khubilal Rathod (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Flair House Plot No. A/64 Cross Road – A, Marol Ind. Area MIDC Andheri (East) Mumbai Maharashtra India, Maharashtra, India – 400093.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,250.11 Cr, a growth of 15.8% compared to the previous year. For the same year it recorded a net profit of ₹139.8 Cr (net margin 11.2%) and EBITDA of ₹224.85 Cr (EBITDA margin 18%). The net worth stands at ₹1,141.63 Cr (up 12.1% YoY). Total assets are valued at ₹1,223.56 Cr (up 12.2% YoY).
The company has about 5,271 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Flair Pens and Flair Writing Industries. As per MCA filings, the company has open charges of ₹122.75 Cr and satisfied charges of ₹466.15 Cr on record. Court records list 19 cases involving the company, including 12 filed by the company and 7 filed against it; 9 cases are pending. The company has 5 deals on record (2 market trades, 1 rights issue, 1 ipo), with disclosed funding of ₹73 Cr; the latest was in October 2024.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website flairpens.com.
Company details
Name history
Flair Writing Industries has undergone 2 name changes throughout its history. The company was previously known as Flair Writing Industries Private Limited, and Flair Writing Instruments. The current legal name is Flair Writing Industries Limited.
| Company Name | Status |
|---|---|
| Flair Writing Industries Limited | Current |
| Flair Writing Industries Private Limited | Previous |
| Flair Writing Instruments | Previous |
CIN history
Flair Writing Industries has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L51100MH2016PLC284727, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L51100MH2016PLC284727 | Current |
| U74999MH2016PLC284727 | Previous |
| U51100MH2016PLC284727 | Previous |
| U74999MH2016PTC284727 | Previous |
Recognitions & Rankings of Flair Writing Industries
Contact details
Flair Writing Industries Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered AddressFlair House Plot No. A/64 Cross Road – A, Marol Ind. Area MIDC Andheri (East) Mumbai Maharashtra India, Maharashtra, India – 400093
- IndustryPlastics, Non-Metallic Mineral Products, Fabricated Metal Products, Plastic Products, Rubber Products
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Flair Writing Industries operates two associated brands: Flair Pens and Flair Writing Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Brand of writing instruments | flairpens.com | |
| Pen gifting products are supplied through online and retail channels. | flairworld.in |
Business activity
The main business activity of Flair Writing Industries is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Flair Writing Industries Limited, buy the company report.
Financials of Flair Writing Industries Limited
FY 2025-26 filings availableFlair Writing Industries Limited reported revenue of ₹1,250.11 Cr (up 15.8% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,250 | 1,080 | 979 | 943 | 577 | 298 | 573 |
| Revenue growth | +15.8% | +10.3% | +3.8% | +63.2% | +93.8% | - | - |
| EBITDA | 225 | 185 | 192 | 184 | 97.95 | 23.24 | 95.39 |
| EBITDA margin | +18.0% | +17.1% | +19.6% | +19.5% | +17.0% | +7.8% | +16.6% |
| Profit before tax | 187 | 159 | 159 | 159 | 74.42 | 2.17 | 69.13 |
| Net profit | 140 | 120 | 119 | 118 | 56.22 | 0.97 | 49.27 |
| Net profit margin | +11.2% | +11.1% | +12.2% | +12.5% | +9.7% | +0.3% | +8.6% |
| EPS (₹) | 13.26 | 11.35 | 11.29 | 12.66 | 24.08 | 0.42 | 168.82 |
| Balance sheet | |||||||
| Total assets | 1,224 | 1,091 | 977 | 565 | 453 | 405 | 360 |
| Net worth | 1,142 | 1,018 | 899 | 435 | 318 | 262 | 262 |
| Total debt | 66.29 | 61.83 | 68.85 | 123 | 126 | 130 | 89.44 |
| Cash & bank | 11.32 | 114 | 234 | 0.79 | 0.33 | 0.68 | 1.45 |
| Net working capital | 544 | 587 | 592 | 301 | 258 | 203 | 172 |
| Cash flow | |||||||
| Cash from operations | 137 | 55.45 | 77.64 | 96.44 | 34.41 | 67.32 | 35.28 |
| Cash from investing | (161) | (25.51) | (285) | (73.64) | (19.01) | (15.56) | (44.35) |
| Cash from financing | (21.51) | (25.31) | 259 | (22.33) | (15.74) | (54.67) | 3.69 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 319 | 323 | 318 | 321 | 289 | 298 | 265 | 270 |
| Revenue growth (YoY) | +10.6% | +8.4% | +20.1% | +18.8% | +16.8% | - | - | - |
| Other income | 1.24 | 5.84 | 3.12 | 8.53 | 3.28 | 8.03 | 6.52 | 5.10 |
| EBITDA | 53.35 | 57.72 | 56.92 | 60.35 | 49.53 | 46.81 | 45.28 | 50.62 |
| EBITDA margin | +16.7% | +17.9% | +17.9% | +18.8% | +17.2% | +15.7% | +17.1% | +18.7% |
| Depreciation | 14.35 | 13.70 | 13.46 | 13.16 | 12.74 | 12.28 | 11.72 | 10.62 |
| Interest | 1.27 | 1.28 | 1.18 | 1.48 | 1.25 | 1.14 | 1.29 | 1.37 |
| Profit before tax | 38.97 | 48.58 | 45.40 | 54.24 | 38.82 | 41.42 | 38.79 | 43.73 |
| Tax | 9.89 | 12.07 | 12.25 | 11.52 | 9.87 | 10.58 | 9.53 | 10.97 |
| Net profit | 29.08 | 36.51 | 33.15 | 42.72 | 28.95 | 30.84 | 29.26 | 32.76 |
| EPS (₹) | 2.71 | 3.40 | 3.11 | 4.04 | 2.72 | 2.93 | 2.78 | 3.12 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,013 | 949 | 919 | 904 | 554 | 289 | 581 |
| Revenue growth | +6.7% | +3.3% | +1.6% | +63.2% | +91.5% | -50.2% | - |
| EBITDA | 155 | 153 | 176 | 171 | 92.79 | 22.60 | 93.47 |
| EBITDA margin | +15.3% | +16.1% | +19.2% | +18.9% | +16.8% | +7.8% | +16.1% |
| Profit before tax | 158 | 151 | 158 | 151 | 71.76 | 1.76 | 59.99 |
| Net profit | 118 | 112 | 118 | 112 | 53.87 | 0.50 | 38.12 |
| Net profit margin | +11.6% | +11.8% | +12.9% | +12.4% | +9.7% | +0.2% | +6.6% |
| EPS (₹) | 11.19 | 10.64 | 11.21 | 11.95 | 23.08 | 0.21 | 16.33 |
| Balance sheet | |||||||
| Total assets | 1,150 | 1,051 | 955 | 531 | 441 | 395 | 446 |
| Net worth | 1,103 | 1,001 | 889 | 426 | 314 | 260 | 259 |
| Total debt | 32.83 | 38.77 | 56.23 | 98.53 | 118 | 122 | 168 |
| Cash & bank | 11.15 | 110 | 234 | 0.63 | 0.32 | 0.61 | 3.18 |
| Net working capital | 372 | 475 | 541 | 273 | 264 | 202 | 243 |
| Cash flow | |||||||
| Cash from operations | 136 | 58.21 | 106 | 78.77 | 22.92 | 70.36 | - |
| Cash from investing | (153) | (28.81) | (328) | (46.03) | (8.03) | (15.91) | - |
| Cash from financing | (25.63) | (27.59) | 274 | (32.42) | (15.17) | (57.03) | - |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 258 | 251 | 256 | 263 | 242 | 257 | 229 | 242 |
| Revenue growth (YoY) | +6.5% | -2.0% | +11.9% | +8.8% | +9.2% | - | - | - |
| Other income | 7.04 | 10.60 | 8.58 | 13.68 | 7.97 | 8.25 | 10.00 | 8.52 |
| Total expenses | 222 | 213 | 220 | 220 | 204 | 218 | 194 | 199 |
| EBITDA | 36.17 | 37.91 | 36.31 | 42.87 | 37.95 | 38.71 | 35.38 | 43.04 |
| EBITDA margin | +14.0% | +15.1% | +14.2% | +16.3% | +15.7% | +15.1% | +15.4% | +17.8% |
| Depreciation | 9.03 | 8.62 | 8.64 | 8.67 | 8.63 | 8.70 | 8.54 | 7.82 |
| Interest | 0.64 | 0.63 | 0.67 | 0.99 | 0.84 | 0.79 | 0.92 | 0.98 |
| Profit before tax | 33.54 | 39.26 | 35.58 | 46.89 | 36.45 | 37.47 | 35.92 | 42.76 |
| Tax | 8.80 | 10.27 | 10.23 | 10.43 | 9.32 | 9.94 | 8.98 | 10.79 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 319 | 323 | 318 | 321 | 289 | 298 | 265 | 270 |
| Revenue growth (YoY) | +10.6% | +8.4% | +20.1% | +18.8% | +16.8% | - | - | - |
| Other income | 1.24 | 5.84 | 3.12 | 8.53 | 3.28 | 8.03 | 6.52 | 5.10 |
| EBITDA | 53.35 | 57.72 | 56.92 | 60.35 | 49.53 | 46.81 | 45.28 | 50.62 |
| EBITDA margin | +16.7% | +17.9% | +17.9% | +18.8% | +17.2% | +15.7% | +17.1% | +18.7% |
| Depreciation | 14.35 | 13.70 | 13.46 | 13.16 | 12.74 | 12.28 | 11.72 | 10.62 |
| Interest | 1.27 | 1.28 | 1.18 | 1.48 | 1.25 | 1.14 | 1.29 | 1.37 |
| Profit before tax | 38.97 | 48.58 | 45.40 | 54.24 | 38.82 | 41.42 | 38.79 | 43.73 |
| Tax | 9.89 | 12.07 | 12.25 | 11.52 | 9.87 | 10.58 | 9.53 | 10.97 |
| Net profit | 29.08 | 36.51 | 33.15 | 42.72 | 28.95 | 30.84 | 29.26 | 32.76 |
| EPS (₹) | 2.71 | 3.40 | 3.11 | 4.04 | 2.72 | 2.93 | 2.78 | 3.12 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,250 | 1,080 | 979 | 943 | 577 | 298 | 573 |
| Revenue growth | +15.8% | +10.3% | +3.8% | +63.2% | +93.8% | - | - |
| Other income | 20.77 | 24.60 | 14.53 | 11.63 | 10.16 | 12.88 | 6.21 |
| Total expenses | 1,025 | 895 | 787 | 759 | 480 | 275 | 478 |
| Employee cost | 214 | 172 | 146 | 117 | 88.29 | 58.39 | 79.03 |
| EBITDA | 225 | 185 | 192 | 184 | 97.95 | 23.24 | 95.39 |
| EBITDA margin | +18.0% | +17.1% | +19.6% | +19.5% | +17.0% | +7.8% | +16.6% |
| Depreciation | 53.06 | 44.74 | 36.81 | 27.34 | 24.37 | 22.43 | 15.25 |
| Interest | 5.50 | 5.47 | 10.67 | 9.17 | 9.32 | 11.52 | 17.22 |
| Profit before tax | 187 | 159 | 159 | 159 | 74.42 | 2.17 | 69.13 |
| Tax | 45.70 | 40.26 | 40.33 | 40.70 | 18.20 | 1.20 | 19.86 |
| Net profit | 140 | 120 | 119 | 118 | 56.22 | 0.97 | 49.27 |
| Net profit margin | +11.2% | +11.1% | +12.2% | +12.5% | +9.7% | +0.3% | +8.6% |
| EPS (₹) | 13.26 | 11.35 | 11.29 | 12.66 | 24.08 | 0.42 | 168.82 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 52.70 | 52.70 | 52.70 | 46.69 | 23.35 | 23.35 | 2.92 |
| Reserves & surplus | 1,089 | 966 | 846 | 388 | 295 | 238 | 259 |
| Shareholders' funds (net worth) | 1,142 | 1,018 | 899 | 435 | 318 | 262 | 262 |
| Minority interest | 0.91 | (0.64) | (0.20) | 0.28 | 0.00 | 0.00 | 0.00 |
| Secured loans | 14.73 | 9.62 | 10.23 | 79.30 | 54.16 | 29.71 | 60.78 |
| Unsecured loans | 51.56 | 52.21 | 58.62 | 44.12 | 72.17 | 101 | 28.66 |
| Total debt | 66.29 | 61.83 | 68.85 | 123 | 126 | 130 | 89.44 |
| Total liabilities | 1,224 | 1,091 | 977 | 565 | 453 | 405 | 360 |
| Assets | |||||||
| Gross block | 742 | 646 | 501 | 388 | 307 | 275 | 212 |
| Net block | 482 | 427 | 327 | 250 | 196 | 186 | 144 |
| Capital work in progress | 60.00 | 22.98 | 20.17 | 1.60 | 1.78 | 0.00 | 8.31 |
| Investments | 120 | 31.03 | 0.00 | 0.00 | 0.00 | 16.27 | 0.00 |
| Inventories | 354 | 287 | 226 | 214 | 184 | 131 | 91.21 |
| Sundry debtors | 273 | 259 | 215 | 171 | 147 | 116 | 119 |
| Cash & bank balances | 11.32 | 114 | 234 | 0.79 | 0.33 | 0.68 | 1.45 |
| Loans & advances | 41.01 | 46.37 | 39.75 | 25.40 | 20.77 | 20.92 | 40.15 |
| Total current assets | 680 | 707 | 715 | 411 | 353 | 269 | 252 |
| Total current liabilities | 135 | 120 | 123 | 109 | 94.71 | 65.38 | 80.00 |
| Net working capital | 544 | 587 | 592 | 301 | 258 | 203 | 172 |
| Total assets | 1,224 | 1,091 | 977 | 565 | 453 | 405 | 360 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Opening cash | 56.62 | 51.99 | 0.79 | 0.33 | 0.67 | 3.58 | 6.83 |
| Net cash from operating activities | 137 | 55.45 | 77.64 | 96.44 | 34.41 | 67.32 | 35.28 |
| Net cash from investing activities | (161) | (25.51) | (285) | (73.64) | (19.01) | (15.56) | (44.35) |
| Net cash from financing activities | (21.51) | (25.31) | 259 | (22.33) | (15.74) | (54.67) | 3.69 |
| Net change in cash | (45.33) | 4.63 | 51.20 | 0.46 | (0.34) | (2.92) | (5.38) |
| Closing cash | 11.32 | 114 | 234 | 0.79 | 0.33 | 0.68 | 1.45 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +15.8% | +10.3% | +3.8% | +63.2% | +93.8% | - | - |
| EBITDA growth | +21.6% | -3.6% | +4.4% | +87.5% | +321.5% | - | - |
| PBT growth | +17.4% | +0.3% | +0.0% | +113.4% | +3329.5% | -96.9% | +0.8% |
| Net income growth | +16.8% | +0.6% | +0.7% | +110.3% | +5695.9% | - | - |
| Revenue CAGR (3Y) | +9.9% | +23.2% | +48.7% | +18.0% | +11.3% | - | - |
| EBITDA CAGR (3Y) | +7.0% | +23.6% | +102.1% | +24.4% | +4.5% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +11.3% | +11.0% | +12.1% | +12.5% | +9.7% | +0.3% | +8.6% |
| Return on capital employed | +16.6% | +15.9% | +22.0% | +33.0% | +19.5% | +3.4% | +27.4% |
| Return on net worth | +13.1% | +12.4% | +17.8% | +31.4% | +19.4% | +0.4% | +22.6% |
| Debt / equity | 0.06 | 0.07 | 0.14 | 0.33 | 0.44 | 0.50 | 0.42 |
| Long-term debt / equity | 0.04 | 0.05 | 0.07 | 0.16 | 0.32 | 0.42 | 0.09 |
| Interest cover | 3.20 | 3.90 | 6.89 | 5.87 | 12.67 | 1,422.22 | 21.49 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.80 | 1.88 | 2.20 | 2.71 | 1.98 | 1.09 | 2.99 |
| Inventory turnover | 3.90 | 4.21 | 4.45 | 4.74 | 3.66 | 2.27 | 6.89 |
| Debtors turnover | 4.70 | 4.56 | 5.08 | 5.93 | 4.39 | 2.57 | 5.60 |
| EPS (₹) | 13.26 | 11.35 | 11.29 | 12.66 | 24.08 | 0.42 | 168.82 |
| Dividend per share (₹) | 0.50 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 108.32 | 96.63 | 85.29 | 46.57 | 136.22 | 112.04 | 897.77 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 258 | 251 | 256 | 263 | 242 | 257 | 229 | 242 |
| Revenue growth (YoY) | +6.5% | -2.0% | +11.9% | +8.8% | +9.2% | - | - | - |
| Other income | 7.04 | 10.60 | 8.58 | 13.68 | 7.97 | 8.25 | 10.00 | 8.52 |
| Total expenses | 222 | 213 | 220 | 220 | 204 | 218 | 194 | 199 |
| EBITDA | 36.17 | 37.91 | 36.31 | 42.87 | 37.95 | 38.71 | 35.38 | 43.04 |
| EBITDA margin | +14.0% | +15.1% | +14.2% | +16.3% | +15.7% | +15.1% | +15.4% | +17.8% |
| Depreciation | 9.03 | 8.62 | 8.64 | 8.67 | 8.63 | 8.70 | 8.54 | 7.82 |
| Interest | 0.64 | 0.63 | 0.67 | 0.99 | 0.84 | 0.79 | 0.92 | 0.98 |
| Profit before tax | 33.54 | 39.26 | 35.58 | 46.89 | 36.45 | 37.47 | 35.92 | 42.76 |
| Tax | 8.80 | 10.27 | 10.23 | 10.43 | 9.32 | 9.94 | 8.98 | 10.79 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,013 | 949 | 919 | 904 | 554 | 289 | 581 |
| Revenue growth | +6.7% | +3.3% | +1.6% | +63.2% | +91.5% | -50.2% | - |
| Other income | 40.83 | 35.01 | 20.02 | 13.53 | 10.83 | 11.88 | 5.33 |
| Total expenses | 858 | 797 | 743 | 733 | 461 | 267 | 488 |
| Employee cost | 173 | 153 | 136 | 112 | 85.08 | 57.15 | 94.79 |
| EBITDA | 155 | 153 | 176 | 171 | 92.79 | 22.60 | 93.47 |
| EBITDA margin | +15.3% | +16.1% | +19.2% | +18.9% | +16.8% | +7.8% | +16.1% |
| Depreciation | 34.56 | 32.71 | 29.34 | 24.20 | 23.18 | 21.72 | 23.45 |
| Interest | 3.35 | 4.00 | 8.17 | 8.95 | 8.68 | 11.00 | 15.36 |
| Profit before tax | 158 | 151 | 158 | 151 | 71.76 | 1.76 | 59.99 |
| Tax | 40.26 | 38.75 | 40.29 | 39.66 | 17.89 | 1.26 | 21.87 |
| Net profit | 118 | 112 | 118 | 112 | 53.87 | 0.50 | 38.12 |
| Net profit margin | +11.6% | +11.8% | +12.9% | +12.4% | +9.7% | +0.2% | +6.6% |
| EPS (₹) | 11.19 | 10.64 | 11.21 | 11.95 | 23.08 | 0.21 | 16.33 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 52.70 | 52.70 | 52.70 | 46.69 | 23.35 | 23.35 | 23.35 |
| Reserves & surplus | 1,050 | 949 | 836 | 379 | 290 | 236 | 236 |
| Shareholders' funds (net worth) | 1,103 | 1,001 | 889 | 426 | 314 | 260 | 259 |
| Secured loans | 0.00 | 0.10 | 5.82 | 57.07 | 46.21 | 22.19 | 54.75 |
| Unsecured loans | 32.83 | 38.67 | 50.41 | 41.46 | 72.17 | 100 | 113 |
| Total debt | 32.83 | 38.77 | 56.23 | 98.53 | 118 | 122 | 168 |
| Total liabilities | 1,150 | 1,051 | 955 | 531 | 441 | 395 | 446 |
| Assets | |||||||
| Gross block | 517 | 484 | 408 | 329 | 288 | 266 | 264 |
| Net block | 304 | 294 | 251 | 200 | 181 | 178 | 195 |
| Capital work in progress | 34.31 | 12.00 | 20.10 | 1.60 | 0.09 | 0.00 | 0.00 |
| Investments | 123 | 34.65 | 3.61 | 3.61 | 0.11 | 16.38 | 0.11 |
| Inventories | 244 | 221 | 187 | 186 | 179 | 128 | 149 |
| Sundry debtors | 205 | 216 | 194 | 162 | 142 | 110 | 164 |
| Cash & bank balances | 11.15 | 110 | 234 | 0.63 | 0.32 | 0.61 | 3.18 |
| Loans & advances | 20.43 | 25.46 | 35.72 | 17.53 | 31.78 | 25.09 | 20.80 |
| Total current assets | 480 | 572 | 651 | 366 | 352 | 264 | 336 |
| Total current liabilities | 108 | 96.46 | 110 | 93.41 | 88.34 | 61.83 | 93.17 |
| Net working capital | 372 | 475 | 541 | 273 | 264 | 202 | 243 |
| Total assets | 1,150 | 1,051 | 955 | 531 | 441 | 395 | 446 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 53.76 | 51.95 | 0.63 | 0.31 | 0.60 | 3.18 | - |
| Net cash from operating activities | 136 | 58.21 | 106 | 78.77 | 22.92 | 70.36 | - |
| Net cash from investing activities | (153) | (28.81) | (328) | (46.03) | (8.03) | (15.91) | - |
| Net cash from financing activities | (25.63) | (27.59) | 274 | (32.42) | (15.17) | (57.03) | - |
| Net change in cash | (42.63) | 1.81 | 51.32 | 0.31 | (0.28) | (2.58) | - |
| Closing cash | 11.15 | 110 | 234 | 0.63 | 0.32 | 0.61 | - |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +6.7% | +3.3% | +1.6% | +63.2% | +91.5% | -50.2% | - |
| EBITDA growth | +1.8% | -13.3% | +3.0% | +84.2% | +310.6% | -75.8% | - |
| PBT growth | +4.8% | -4.8% | +4.8% | +110.8% | +3977.3% | -97.1% | -30.2% |
| Net income growth | +5.0% | -5.0% | +5.9% | +107.2% | - | -98.7% | - |
| Revenue CAGR (3Y) | +3.9% | +19.7% | +47.0% | +15.9% | -3.3% | -16.9% | - |
| EBITDA CAGR (3Y) | -3.2% | +18.0% | +98.2% | +22.3% | -7.5% | -37.6% | - |
| Profitability & leverage | |||||||
| Net income margin | +11.6% | +11.8% | +12.9% | +12.4% | +9.7% | +0.2% | +6.6% |
| Return on capital employed | +14.7% | +15.4% | +22.4% | +33.0% | +19.2% | +3.0% | +17.3% |
| Return on net worth | +11.2% | +11.9% | +18.0% | +30.2% | +18.8% | +0.2% | +15.9% |
| Debt / equity | 0.03 | 0.05 | 0.12 | 0.29 | 0.42 | 0.56 | 0.76 |
| Long-term debt / equity | 0.03 | 0.04 | 0.06 | 0.14 | 0.30 | 0.42 | 0.49 |
| Interest cover | 2.78 | 3.34 | 5.57 | 6.10 | 12.47 | 1,250.00 | 21.94 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.02 | 2.13 | 2.50 | 2.93 | 2.00 | 1.09 | 2.37 |
| Inventory turnover | 4.36 | 4.66 | 4.92 | 4.95 | 3.61 | 2.09 | 4.18 |
| Debtors turnover | 4.82 | 4.63 | 5.16 | 5.96 | 4.40 | 2.11 | 3.58 |
| EPS (₹) | 11.19 | 10.64 | 11.21 | 11.95 | 23.08 | 0.21 | 16.33 |
| Dividend per share (₹) | 0.50 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 104.62 | 95.00 | 84.37 | 45.61 | 134.35 | 111.18 | 110.88 |
To see the full year-wise statements and ratios of Flair Writing Industries Limited, buy the company report.
Board of directors of Flair Writing Industries Limited
Flair Writing Industries has 10 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Mar 2023 | 100709756 | Axis Bank Limited | ₹85 Lakh | Open | |
| 14 Mar 2023 | 100701534 | Axis Bank Limited | ₹90 Lakh | Open | |
| 29 Sep 2021 | 100493762 | Axis Bank Limited | ₹22 Cr | Open | |
| 02 Aug 2021 | 100474184 | Axis Bank Limited | ₹49.66 Lakh | Open | |
| 02 Jun 2017 | 100140765 | Citi Bank N.A. | ₹10 Cr | Open |
To see the full charge records of Flair Writing Industries Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
Flair Writing Industries Limited has 5 deals on record (2 market trades, 1 rights issue, 1 ipo), with disclosed funding of ₹73 Cr; the latest was in October 2024.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2024 | Market trade | ₹18.5 Cr | Buyer: New Mark Capital Aif LLP |
| Dec 2023 | Market trade | ₹56.08 Cr | Buyer: Mansi Share And Stock Advisors Pvt Ltd, NK Securities Research Private Limited Seller: NK Securities Research Private Limited , Mansi Share And Stock Advisors Pvt Ltd |
| Nov 2023 | IPO | ₹593 Cr | Investors: IPO Shareholders - Flair Writing Industries Limited, Sbi Consumption Opportunities Fund, Winro Commercial (India) Ltd Seller: 4 individuals |
| Nov 2023 | Funding round | ₹73 Cr | Investors: Volrado Venture Partners |
| Nov 2017 | Rights issue | ₹40.01 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Flair Writing Industries Limited has 19 court cases on record: 12 filed by Flair Writing Industries, 7 filed against it. 9 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 2 | 3 |
| High courts | 7 | 4 | 4 |
| Supreme Court | 2 | 1 | 2 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (COMMP) | Filed against the company by Luxor Writing Instruments Pvt. Ltd. | Pending |
| Supreme Court | Appeal | Filed against the company by Oriental Insurance Company Limited | Pending |
| Bombay High Court | Court case (COMMP) | Filed against the company by Luxor Writing Instruments Pvt. Ltd. | Pending |
| Supreme Court | Appeal | Filed by the company against The Oriental Insurance Company Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against M/S Hypercity Retail India Ltd., | Pending |
To see the full case history of Flair Writing Industries Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Flair Writing Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Flair Writing Industries has 7 GST registrations: 5 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCF8824C1ZR | Maharashtra | Active | 01 Jul 2017 |
| 05AACCF8824C1ZX | Uttarakhand | Active | 24 Aug 2017 |
| 24AACCF8824C1ZX | Gujarat | Active | 05 Apr 2018 |
| 05AACCF8824C2ZW | Uttarakhand | Active | 21 May 2018 |
To see the full GST registrations and return filing status of Flair Writing Industries Limited, buy the company report.
Recent activity
Flair Writing Industries Limited has 27 board changes on record since 2016: 11 appointments and 16 cessations. The latest: Deven Bipin Shah ceased to be Additional Director on 21 Aug 2024.
51 earlier events are in the company report.
News
Frequently asked questions
Flair Writing Industries is an active public limited company based in Mumbai, Maharashtra, India. The company works in non-metallic mineral products, within the plastics industry. It was incorporated on 12 August 2016 (10+ years old) and is registered under CIN L51100MH2016PLC284727. Listed on BSE: 544030 and NSE: FLAIR.
Flair Writing Industries reported revenue of ₹1,250.11 Cr for FY 2025-26 (up 15.8% YoY) based on consolidated financials.
Flair Writing Industries has 10 current directors:
- Vimalchand Jugraj Rathod - Managing Director
- Rajesh Khubilal Rathod - Whole-Time Director
- Mohit Khubilal Rathod - Whole-Time Director
- Sumit Rathod - Whole-Time Director
- Khubilal Jugraj Rathod - Whole-Time Director
- Rajneesh Bhandari - Director
- Punit Saxena - Director
- Manoj Vinod Lalwani - Director
- Sheetal Bhanot Shetty - Director
- Deven Bipin Shah - Director
The latest financial statements of Flair Writing Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 August 2026. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Flair Writing Industries is 27AACCF8824C1ZR, registered in Maharashtra. The company has 7 GST registrations in all, of which 5 are active and 2 are cancelled or inactive. Other active GSTINs include 05AACCF8824C1ZX (Uttarakhand), 24AACCF8824C1ZX (Gujarat), 05AACCF8824C2ZW (Uttarakhand).
The CIN (Corporate Identification Number) of Flair Writing Industries is L51100MH2016PLC284727. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Flair Writing Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 544030) and NSE (symbol: FLAIR).
Flair Writing Industries has 19 court cases on record: 12 filed by the company and 7 filed against it. 9 are pending. Most are in the district courts.
Flair Writing Industries was incorporated on 12 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Flair Writing Industries has 5 deals on record (2 market trades, 1 rights issue, 1 ipo), with disclosed funding of ₹73 Cr; the latest was in October 2024.