FLAIR
Flair Writing Industries Limited manufactures and sells writing instruments, stationeries, and other allied products in India and internationally. The company offers ball, fountain, gel, roller, plastic, and metal pens; stationery products, including mechanical pencils, highlighters, correction pens, markers, gel crayons, and student stationery kits and calculators under the Flair, Hauser, Pierre… Read more
FLAIR (FLAIR) - Net Assets
Latest net assets as of September 2025: ₹10.78 Billion INR
Based on the latest financial reports, FLAIR (FLAIR) has net assets worth ₹10.78 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹13.10 Billion) and total liabilities (₹2.32 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹10.78 Billion |
| % of Total Assets | 82.3% |
| Annual Growth Rate | 37.49% |
| 5-Year Change | 288.72% |
| 10-Year Change | 1350.95% |
| Growth Volatility | 41.74 |
FLAIR - Net Assets Trend (2014–2025)
This chart illustrates how FLAIR's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for FLAIR (2014–2025)
The table below shows the annual net assets of FLAIR from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹10.18 Billion | +13.25% |
| 2024-03-31 | ₹8.99 Billion | +106.50% |
| 2023-03-31 | ₹4.35 Billion | +36.71% |
| 2022-03-31 | ₹3.18 Billion | +21.58% |
| 2021-03-31 | ₹2.62 Billion | +0.55% |
| 2020-03-31 | ₹2.60 Billion | -0.77% |
| 2018-03-31 | ₹2.62 Billion | +50.84% |
| 2017-03-31 | ₹1.74 Billion | +41.31% |
| 2016-03-31 | ₹1.23 Billion | +75.52% |
| 2015-03-31 | ₹701.50 Million | +128.80% |
| 2014-03-31 | ₹306.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to FLAIR's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2156.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹6.30 Billion | 61.84% |
| Common Stock | ₹526.98 Million | 5.17% |
| Other Comprehensive Income | ₹-44.04 Million | -0.43% |
| Other Components | ₹3.40 Billion | 33.42% |
| Total Equity | ₹10.18 Billion | 100.00% |
FLAIR Competitors by Market Cap
The table below lists competitors of FLAIR ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tusimple Holdings Inc
PINK:TSPH
|
$78.83 Million |
|
Alam Sutera Realty Tbk
JK:ASRI
|
$78.83 Million |
|
Aekyung Industrial Co Ltd
KO:018250
|
$78.84 Million |
|
Empire Petroleum Corp
NYSE MKT:EP
|
$78.89 Million |
|
Neo Technical System Co. Ltd
KQ:085910
|
$78.81 Million |
|
TOYO Co., Ltd Ordinary Shares
NASDAQ:TOYO
|
$78.78 Million |
|
Orient Cement Limited
NSE:ORIENTCEM
|
$78.76 Million |
|
Shoprite Holdings Ltd
JSE:SHP
|
$78.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FLAIR's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,989,370,000 to 10,184,837,000, a change of 1,195,467,000 (13.3%).
- Net income of 1,195,752,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 281,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹1.20 Billion | +11.74% |
| Other Comprehensive Income | ₹-281.00K | -0.0% |
| Other Changes | ₹-4.00K | -0.0% |
| Total Change | ₹- | 13.30% |
Book Value vs Market Value Analysis
This analysis compares FLAIR's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.13x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 22.97x to 3.13x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-03-31 | ₹13.18 | ₹302.80 | x |
| 2015-03-31 | ₹29.90 | ₹302.80 | x |
| 2016-03-31 | ₹52.50 | ₹302.80 | x |
| 2017-03-31 | ₹74.34 | ₹302.80 | x |
| 2018-03-31 | ₹112.27 | ₹302.80 | x |
| 2020-03-31 | ₹111.57 | ₹302.80 | x |
| 2021-03-31 | ₹112.04 | ₹302.80 | x |
| 2022-03-31 | ₹136.22 | ₹302.80 | x |
| 2023-03-31 | ₹46.57 | ₹302.80 | x |
| 2024-03-31 | ₹92.12 | ₹302.80 | x |
| 2025-03-31 | ₹96.67 | ₹302.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FLAIR utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.74%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.07%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 1.20x
- Recent ROE (11.74%) is below the historical average (29.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 91.03% | 10.81% | 1.34x | 6.29x | ₹248.44 Million |
| 2015 | 59.02% | 12.69% | 1.27x | 3.65x | ₹341.91 Million |
| 2016 | 43.02% | 14.31% | 1.27x | 2.38x | ₹404.36 Million |
| 2017 | 28.97% | 12.40% | 1.14x | 2.04x | ₹328.99 Million |
| 2018 | 18.80% | 8.72% | 1.28x | 1.68x | ₹230.64 Million |
| 2020 | 14.57% | 5.23% | 1.28x | 2.17x | ₹118.94 Million |
| 2021 | 0.38% | 0.34% | 0.61x | 1.84x | ₹-251.69 Million |
| 2022 | 17.34% | 9.67% | 1.02x | 1.75x | ₹233.47 Million |
| 2023 | 26.93% | 12.53% | 1.37x | 1.57x | ₹736.56 Million |
| 2024 | 13.23% | 12.28% | 0.87x | 1.23x | ₹290.64 Million |
| 2025 | 11.74% | 11.07% | 0.89x | 1.20x | ₹177.27 Million |
Industry Comparison
This section compares FLAIR's net assets metrics with peer companies in the Business Equipment & Supplies industry.
Industry Context
- Industry: Business Equipment & Supplies
- Average net assets among peers: $1,162,998,206
- Average return on equity (ROE) among peers: 10.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FLAIR (FLAIR) | ₹10.78 Billion | 91.03% | 0.22x | $78.82 Million |
| Control Print Limited (CONTROLPR) | $2.33 Billion | 12.48% | 0.25x | $32.10 Million |
| DOMS Industries Limited (DOMS) | $2.46 Billion | 14.66% | 0.63x | $447.53 Million |
| Kokuyo Camlin Limited (KOKUYOCMLN) | $534.61 Million | 11.44% | 1.68x | $21.86 Million |
| Kshitij Polyline Limited (KSHITIJPOL) | $18.85 Million | 8.63% | 6.55x | $2.75 Million |
| Linc Limited (LINC) | $475.79 Million | 3.57% | 1.78x | $13.37 Million |