FLAIR (FLAIR) - Net Assets
Based on the latest financial reports, FLAIR (FLAIR) has net assets worth Rs10.78 Billion INR (≈ $116.61 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs13.10 Billion ≈ $141.70 Million USD) and total liabilities (Rs2.32 Billion ≈ $25.09 Million USD). 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. Check how resilient are FLAIR's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs10.78 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. Also explore FLAIR (FLAIR) total assets for the complete picture of this company's asset base.
Annual Net Assets for FLAIR (2014–2025)
The table below shows the annual net assets of FLAIR from 2014 to 2025. For live valuation and market cap data, see FLAIR (FLAIR) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs10.18 Billion ≈ $110.08 Million |
+13.25% |
| 2024-03-31 | Rs8.99 Billion ≈ $97.20 Million |
+106.50% |
| 2023-03-31 | Rs4.35 Billion ≈ $47.07 Million |
+36.71% |
| 2022-03-31 | Rs3.18 Billion ≈ $34.43 Million |
+21.58% |
| 2021-03-31 | Rs2.62 Billion ≈ $28.32 Million |
+0.55% |
| 2020-03-31 | Rs2.60 Billion ≈ $28.16 Million |
-0.77% |
| 2018-03-31 | Rs2.62 Billion ≈ $28.38 Million |
+50.84% |
| 2017-03-31 | Rs1.74 Billion ≈ $18.82 Million |
+41.31% |
| 2016-03-31 | Rs1.23 Billion ≈ $13.32 Million |
+75.52% |
| 2015-03-31 | Rs701.50 Million ≈ $7.59 Million |
+128.80% |
| 2014-03-31 | Rs306.60 Million ≈ $3.32 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 | Rs6.30 Billion | 61.84% |
| Common Stock | Rs526.98 Million | 5.17% |
| Other Comprehensive Income | Rs-44.04 Million | -0.43% |
| Other Components | Rs3.40 Billion | 33.42% |
| Total Equity | Rs10.18 Billion | 100.00% |
FLAIR Competitors by Market Cap
The table below lists competitors of FLAIR ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
UD Electronic
TWO:3689
|
$363.36 Million |
|
Binh Duong Water Environment JSC
VN:BWE
|
$363.48 Million |
|
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas
SA:AGRO3
|
$363.56 Million |
|
Great Tree Pharmacy Co Ltd
TWO:6469
|
$363.63 Million |
|
Cadiz Inc
NASDAQ:CDZI
|
$363.19 Million |
|
LiveWire Group Inc.
NYSE:LVWR
|
$363.10 Million |
|
SNDL Inc.
NASDAQ:SNDL
|
$363.07 Million |
|
China Fangda Group Co Ltd
SHE:000055
|
$363.04 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 | Rs1.20 Billion | +11.74% |
| Other Comprehensive Income | Rs-281.00K | -0.0% |
| Other Changes | Rs-4.00K | -0.0% |
| Total Change | Rs- | 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: 3.30x
- 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 24.18x to 3.30x 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 | Rs13.18 | Rs318.75 | x |
| 2015-03-31 | Rs29.90 | Rs318.75 | x |
| 2016-03-31 | Rs52.50 | Rs318.75 | x |
| 2017-03-31 | Rs74.34 | Rs318.75 | x |
| 2018-03-31 | Rs112.27 | Rs318.75 | x |
| 2020-03-31 | Rs111.57 | Rs318.75 | x |
| 2021-03-31 | Rs112.04 | Rs318.75 | x |
| 2022-03-31 | Rs136.22 | Rs318.75 | x |
| 2023-03-31 | Rs46.57 | Rs318.75 | x |
| 2024-03-31 | Rs92.12 | Rs318.75 | x |
| 2025-03-31 | Rs96.67 | Rs318.75 | 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 | Rs248.44 Million |
| 2015 | 59.02% | 12.69% | 1.27x | 3.65x | Rs341.91 Million |
| 2016 | 43.02% | 14.31% | 1.27x | 2.38x | Rs404.36 Million |
| 2017 | 28.97% | 12.40% | 1.14x | 2.04x | Rs328.99 Million |
| 2018 | 18.80% | 8.72% | 1.28x | 1.68x | Rs230.64 Million |
| 2020 | 14.57% | 5.23% | 1.28x | 2.17x | Rs118.94 Million |
| 2021 | 0.38% | 0.34% | 0.61x | 1.84x | Rs-251.69 Million |
| 2022 | 17.34% | 9.67% | 1.02x | 1.75x | Rs233.47 Million |
| 2023 | 26.93% | 12.53% | 1.37x | 1.57x | Rs736.56 Million |
| 2024 | 13.23% | 12.28% | 0.87x | 1.23x | Rs290.64 Million |
| 2025 | 11.74% | 11.07% | 0.89x | 1.20x | Rs177.27 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: $1,316,025,200
- Average return on equity (ROE) among peers: 5.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FLAIR (FLAIR) | Rs10.78 Billion | 91.03% | 0.22x | $363.31 Million |
| Control Print Limited (CONTROLPR) | $1.35 Billion | 19.11% | 0.37x | $110.15 Million |
| DOMS Industries Limited (DOMS) | $2.42 Billion | -3.73% | 0.89x | $1.50 Billion |
| Kokuyo Camlin Limited (KOKUYOCMLN) | $2.14 Billion | 2.35% | 0.96x | $100.99 Million |
| Kshitij Polyline Limited (KSHITIJPOL) | $202.90 Million | 7.93% | 2.67x | $3.16 Million |
| Linc Limited (LINC) | $475.79 Million | 3.57% | 1.78x | $64.90 Million |
About 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