In this article, we will discuss the Flair share price target for 2024 to 2030, the company’s financials and fundamentals, future plans, and challenges depending on the various reports from research and brokerage firms.
Table of Contents
Stock Performance
Flair was listed on NSE on 1 December 2023; since then it has corrected more than 40%.
Compounded sales growth is 47% in the last 3 years.
Compounded profit growth is 518% in the last 3 years.
Return on equity is 22% in the last 3 years.
Company Overview
FLAIR Writing Industries Limited was founded in 1976 with the intention of producing writing instruments with precision. FLAIR manufactures a wide range of products that are needed by today’s continuously working generation, like students or professionals.
Managing Director Mr. Vimalchand Jugraj Rathod developed its business into multiple territories with hard work and innovation in products over the years. He is the chairman of the “Pen and Stationery Association of India” and previous chairman of PLEXCONCIL.
Flair has its business in India as well as overseas in 97 countries with the help of their distributors. Flair has launched innovative brands like FLAIR, HAUSER, PIERRE CARDIN, FLAIR CREATIVE, FLAIR HOUSEWARE, & the ZOOX.
Flair has its 84.0% business from India and 14% from other countries, and its 79.32% business comes from the writing instrument category and 20.68% from other categories.
Financials
Flair has a market cap of Rs 3,102 crores with a P/E ratio of 27.38, while industry P/E is 46.57. The company has a debt-to-equity ratio of 0.08 and a return on equity of 13.23%. The dividend yield of this company is zero.
| Market Cap | 3,102 |
| P/E Ratio | 27.38 |
| Industry P/E | 46.57 |
| Debt to Equity | 0.08 |
| Return on Equity | 13.23% |
Net-profit margin
Revenue of Flair is rising consistently, and profit is increasing also on a year-on-year basis.
| Year | Revenue | Profit |
|---|---|---|
| 2024 | 993 | 118 |
| 2023 | 954 | 117 |
| 2022 | 588 | 55 |
Share holding pattern
Foreign Institutions and Mutual Funds have a significant shareholding in Flair, with retail participation of 9.92% in Jun’24.
| Jun’24 | Mar’24 | Dec’23 | Nov’23 | |
|---|---|---|---|---|
| Promoters | 78.59% | 78.59% | 78.59% | 78.59% |
| Retail | 9.92% | 10.30% | 13.59% | 12.90% |
| Mutual Funds | 6.16% | 6.18% | 4.92% | 3.67% |
| Domestic Institution | 5.19% | 4.68% | 1.52% | 2.50% |
| Foreign Institution | 0.14% | 0.25% | 1.38% | 2.34% |
Share price targets for Flair are highly speculative and influenced by numerous factors, such as market conditions, economic indicators, company performance, industry trends, and many more.
But we will predict the Flair share price target in 2024, 2025, 2026, 2027, 2028, 2029, and 2030 by analyzing the previous performance and after studying various brokerage and research firm forecasts.
Flair Share Price Target 2024
| 2024 | Share Price Target |
|---|---|
| 1st Price Target | 310 |
| 2nd Price Target | 290 |
Flair share price target prediction for 2024 is based on the company’s financials, previous trends, and various brokerage firm reports.
Flair Share Price Target 2025
| 2025 | Share Price Target |
|---|---|
| 1st Price Target | 530 |
| 2nd Price Target | 480 |
Flair share price target prediction for 2025 is based on the company’s financials, previous trends, and various brokerage firm reports.
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Flair Share Price Target 2026
| 2026 | Share Price Target |
|---|---|
| 1st Price Target | 753 |
| 2nd Price Target | 710 |
LT share price target prediction for 2026 is based on the company’s financials, previous trends, and various brokerage firm reports.
Flair Share Price Target 2030
| 2030 | Share Price Target |
|---|---|
| 1st Price Target | 1510 |
| 2nd Price Target | 1580 |
Flair share price target prediction for 2030 is based on the company’s financials, previous trends, and various brokerage firm reports.
Flair Share Price Target 2035
| 2035 | Share Price Target |
|---|---|
| 1st Price Target | 2850 |
| 2nd Price Target | 2910 |
Flair share price target prediction for 2035 is based on the company’s financials, previous trends, and various brokerage firm reports.
Competitor
- Linc Limited
- Doms Industries Ltd
- Kokuyo Camlin Ltd.
- Navneet Education Ltd
- Repro India Ltd.
Flair Challenges
- Raw material pricing: Flair has the biggest challenge to be competitive in the market with this pricing because, as inflation is rising day by day, the raw material price will also increase.
- Global Competition: Flair has 84% business from India and only 16% from other countries. The company has to penetrate the global market with its quality product so that flair could compete with its competitor.
- Rising Tension between Iran and Israel: The warlike situation between Iran and Israel is a challenge for the company’s overseas business.
Conclusion
Flair is a small-cap company; it has the potential to grow its business multifold. Flair has very good brand value in the stationery market. The company will perform better as its revenue and profit are increasing consistently.
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Is Flair Ltd. a good buy?
Flair is a good buy from a long-term perspective. The company has reduced its debt in recent years.
Is Flair paying a dividend?
Flair is not paying dividends to investors. The company was just listed on 1 December 2023.
Flair is profitable?
Yes! Flair is a profitable company. The company’s net profit in FY24 is 119 crores.
What is the main business of Flair?
Flair has business of stationery products in India and overseas also. The company is offering good quality at a marginal rate.
Is Flair a multibagger?
Flair has not delivered multibagger returns, but financials and brokerage firm reports are positive.
Disclaimer: I am not a SEBI-registered investment adviser or research analyst. The information shared is only for educational purposes. This is not investment advice.