Slides
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Flair FLAIR WRITING INDUSTRIES LIMITED Flair SPAGE KIT Investor Presentation B Q1 FY27 Flair WORLD CLASS PENS H pierre cardin HAUSER® PARIS Germany Flair creative Flair ELECTRONIC CALCULATORS बस Flair और कुछ नहीं ।
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2 Safe Harbor This presentation and the accompanying slides (the “Presentation”), prepared by Flair Writing Industries Limited (the “Company’), is solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cashflows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness
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Performance Updates
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4 Q1FY27 Performance Highlights (y/y growth) ₹ 319.2 Cr 10.6% Y-o-Y Growth Operating Revenue ₹ 53.3 Cr 7.7% Y-o-Y Growth EBITDA ₹ 29.1 Cr 0.5% Y-o-Y Growth Profit After Tax • Revenue grew 11% Year on year in Q1 FY27, supported by broad-based growth across key business segments. • Total Domestic sales increased by 13% year on year driven by healthy demand across the domestic market. • Steel Bottles & Houseware recorded 54% YoY during the quarter, the company is also expanding with a fourth Next-generation manufacturing line estimated to be commissioned by Q4FY27 and expected to increase manufacturing capacity by approximately 35%, enabling the Company to meet rising domestic and international demand. • During Q1, the Company incurred a total capital expenditure of ₹43.42 crs, including ₹33.25 crs capitalized towards the factory building in Valsad facility. The capex also includes ₹0.39 crs incurred towards the Surat facility. Other Key Highlights
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5 Segment Performance (Q1FY27) ₹ in Crs Pens Revenue Creative Revenue ₹ in Crs 202 220 Q1 FY26 Q1 FY27 +9% 65 80 Q1FY26 Q1FY27 +23% Steel Bottles & Houseware Revenue 13 19 Q1FY26 Q1FY27 +54% Revenue Mix (%) 69% 25% 6% Q1 FY27 Pen sales delivered strong growth by 9%, primarily from the domestic markets as exports sales remain flattish Creative segment growth, supported by existing and new products. With Continued portfolio expansion and manufacturing capabilities providing scope for growth. Steel Bottles & Houseware segment continued to gain momentum, driven by strong product acceptance, wider market reach, and growing contribution to revenue. 70% 23% 4% 3% Q1 FY26 Pens Creatives Steel Bottles Others
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6 Business Performance (Q1FY27) Revenues EBITDA & EBITDA % ₹ in Crs Domestic Export ₹ in Crs 245 277 Q1 FY26 Q1 FY27 +13% 43 43 Q1FY26 Q1FY27 0% Domestic demand remained robust, delivering 13% YoY growth, supported by healthy demand across existing products and traction from new product launches. Exports remained broadly flat amid geopolitical uncertainty in West Asia. By focusing on other geographies and adding new export markets to offset the impact. As conditions stabilise, we expect to achieve the projected growth rate in next 3 quarters.
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7 A journey of transformation Transitioned from a pen-centric business to a multi-category, own-brand driven model Increasing share of new segments Delivering High Growth Rising Share of Domestic New Horizons of Growth beyond pens 13% 87% FY22 1% 13% 86% FY23 2% 15% 83% FY24 11% 89% 16% 79% FY25 7% FY21 24% 69% FY26 287 556 874 958 1,043 1,231 4% Steel Bottles Creatives Pens 11% share in FY21 31% share in FY26 ~3x 125% CAGR Steel Bottles & Houseware Since FY23 58% CAGR Creative Since FY21 80% 20% FY23 81% 19% FY24 83% 17% FY25 84% 16% FY26 943 978 1,080 1,250 Domestic Export
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8 PROFIT & LOSS STATEMENT (₹ in crs) Q1 FY27 Q1 FY26 Y-o-Y Q4 FY26 Q-o-Q FY26 Revenue from Operations 319.2 288.5 10.6% 322.9 -1.1% 1,250.1 Cost of Materials Consumed 160.7 144.3 157.7 612.3 Gross Profit 158.6 144.2 10.0% 165.3 -4.1% 637.8 Gross Profit % 49.7% 50.0% -31 bps 51.2% -151 bps 51.0% Employee Benefits Expense 55.6 50.4 54.2 214.5 Other Expenses 49.7 44.3 53.4 198.8 EBITDA 53.3 49.5 7.7% 57.7 -7.6% 224.5 EBITDA % 16.7% 17.2% -46 bps 17.9% -116 bps 18.0% Depreciation and Amortisation Expense 14.3 12.7 13.7 53.1 Other Income 1.2 3.3 5.8 20.8 EBIT 40.2 40.1 0.4% 49.9 -19.3% 192.2 Finance Costs 1.3 1.2 1.3 5.2 PBT 39.0 38.8 0.4% 48.6 -19.8% 187.1 Total Tax Expense 9.9 9.9 12.1 45.7 Profit After Tax for the period 29.1 29.0 0.5% 36.5 -20.4% 141.3 PAT % 9.1% 10.0% -92 bps 11.3% -220 bps 11.3% Consolidated Profit & Loss Statement – Q1 FY27
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New Product Launches
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10 New Product Launches - Pens
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11 New Product Launches - Creatives
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12 New Product Launches – Steel bottles
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13 School Reach Out Initiatives
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14 Advertisement and Marketing Initiatives (During Q4 FY26)
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Company Overview
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16*Source: FY23 Crisil Industry Report ^Source: Awarded Top Exporter by Plexconcil At a Glance Now focusing onLegacy of Leadership with over 5 decades of excellence Largest Pen Brand in India Global footprint in 115+ countries Top 3 player in Writing Instrument Industry* Diversifying Legacy Business with High Growth Segments Creative segment established in 2021 to foray from pens to a comprehensive stationery product portfolio Launched range of BIS Compliant Steel Bottles and a range of Houseware Products in 2023 Through a Multi Brand & Innovative Product Portfolio History of Developing Innovative Products 380 design registrations and trademark filed so far Seeding brands across price points to meet various consumer demand Pens Creative Steel Bottles & Houseware By leveraging the Largest Distribution Network Super-stockist: 162 Distributor: 8,000+ Wholesaler & Retailer: 3,30,000+ Present in over: 6500+ pincodes Thus Maintaining
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17*National Pen and Plastic Industries (“NPPI”) was one of the Erstwhile Partnership Firms, which was converted into FPPIPL on April 25, 2016 and subsequently merged into our Company pursuant to the Scheme. Key Milestones Commenced production at one of our manufacturing units in Daman Acquired “Pierre Cardin” brand for writing instruments Manufacturin g unit was set up in Naigaon “Flair Creative” range of products was launched “Flair” brand was registered New Manufacturing plant was set up in Dehradun NPPI* acquired certain trademarks of the “Hauser” brand Launched steel bottles in domestic & international market BIS Certificate received 1976 2009 2012 2014 2015 2018 2021 2023 2026 Manufacturing plant was set up in Valsad (Gujarat) Company got listed on NSE & BSE - Strengthened wooden pencil manufacturing through Flomaxe Stationery Pvt. Ltd., - Expanding installed annual capacity to ~2.4 billion units 1998 -- JV in Surat for Pencils, Sharpeners and Erasers commenced in 2024-25 -- Manufacturing of Wooden Pencils launched from Surat in FY26 -- Partnership with Maped for distribution of its products 2025
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18 Pens: A Stable Compounding Giant Well established brands – Presence across all price points Premium (> ₹ 100) Mid-premium (₹ 16 - ₹ 100) Mass (< ₹ 15) Largest Pen brand and Pen Exporter from India FY26 SKU at 2,762+ products Only large player with highest inhouse tip making facilities Complete control on writing experience by augmenting capacity with state-of-the- art machineries Core Strength • Advanced manufacturing facilities with increasing automation • Regular new product launches with a focus on premiumisation • Leveraging the deepest distribution network in the industry
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19 Product Categories - Pens
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20 Steady Growth, Smarter Mix: Premiumisation at core Amongst the Highest Margins in the Industry Increasing Premium Share in New Launches 44% 47% 46% 50% 51% 51% 8% 17% 20% 20% 17% 18% 0% 10% 12% 12% 11% 11% FY21 FY22 FY23 FY24 FY25 FY26 Gross Profit EBITDA PAT 31% 31% 37% 49% 43% 60% 6% 10% 7% 16% 23% 15% 63% 59% 56% 34% 34% 25% 0 10 20 30 40 50 60 70 FY21 FY22 FY23 FY24 FY25 FY26 Premium Mid-Premium Mass ❖ Comprehensive portfolio catering to customers across the price points - Expansion within each price segment is crucial to tap demand and user requirements at various price points ❖ Brand presence in mid premium and premium segments – Investments made in brands such as “Hauser” and “Pierre Cardin” for differentiated market positioning. Certain high-ticket products are also available under the flagship brand “Flair” ❖ New product launches have been increasingly targeted towards higher price point – Two-Thirds of all new pens launched in FY25 catered to mid-premium and premium segment ❖ Innovation led product expansion – Develop and introduce practical yet stand out products based on innovation in design, features and writing experience
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21 Creative: Targeting to become a dominant player in the larger stationery world Entered the Creatives segment in 2021 and introduced the brand “Flair Creative” Wide Portfolio across school & art ecosystem. Portfolio includes watercolors, crayons, sketch pens, erasers, pencils, geometry boxes, fine liners, sharpeners and scales etc. Successfully scaled the segment to deliver ~10x revenue growth in five years since inception. FY26 growth at 74% YoY . Winning proposition • Leveraging the deep distribution network of pens – 20% coverage, now focused of increasing throughput per distributor • Constantly introducing new and hero products in this segment • High share of in-house manufacturing enabling control on margins and quality A key growth driver and with the company focused to consistently increase its share in the business mix going forward
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22 Product Categories – Creative
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23 Partnering for Growth: Brand Strength Driving Product Appeal Leveraging Strengths of Industry Leaders For Mutual Benefit COLLABORATION WITH DISNEY STRATEGIC PARTNERSHIP WITH MAPED FRANCE • The Disney licensing agreement since March 2024 to use characters across a wide range of stationery, art products, and kits • Targets young Disney audience in India, with ~20 Disney-branded • SKUs currently manufactured and distributed. • Partnership with Maped France (8-decade global brand across 120+ countries) to distribute products in India, driving incremental growth in the Creative segment. • Strengthens mid-premium product positioning while expanding Flair’s portfolio across mass and mid-premium segments and enhancing in-house manufacturing.
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24 Steel Bottles and Houseware: Foray into Lifestyle Segment Strategic Edge • In an Import dependent category – Flair is amongst the initial recipients of BIS-certified steel bottle manufacturer • Possess technical know-how to manufacture quality products • Design Innovations and in house lacquering capability Launched single wall and double vacuum insulated steel bottles in FY23 from its Valsad Facility Made a breakthrough in stainless steel bottles in major domestic Modern Trade chains in short span. Now possess a dedicated distribution team. Range of Houseware Products sold to complement the existing bottles portfolio and offer bigger basket of products to distributors 27 Products sold under this category ranging from bottles, mugs, lunchboxes, buckets, containers and allied products
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25 Product Categories – Steel Bottles & Houseware
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26 Naigaon (Maharashtra) Calculators and Pierre Cardin range of Metal Pens Valsad (Gujarat) Major Manufacturing Facility of the with multiple Units manufacturing Pens, Creative Products , Steel Bottles and Houseware products Manufacturing Facilities Integrated Manufacturing Facilities – Total installed capacity of 2.4 Billion pieces per anum Majority of the workforce consists of women across our facilities as a part of Women Empowerment initiative 1.85 MW rooftop solar project at our Valsad &Daman units has begun delivering cost savings as part of Green Initiatives & Sustainability objectives. Strong In-House Production Capabilities 100% Pens 80%+ Tips 75%+ Creatives 100% Steel Bottles & Houseware Daman Tips manufacturing, Pens & Creatives Dehradun(Uttarakhand) Pens & Creatives Surat (FlomaxeStationery) Pencils & allied creative products with recent commissioning of Wooden Pencils manufacturing
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27 Upcoming Manufacturing Facilities New Unit in Valsad – Manufacturing of Writing Instruments & Stationery Products Flomaxe Surat Facility – Current Capacity Expansion Installed Capacity for Writing Instruments & Stationery to increase with the partial commencement of New Valsad Facility and Surat Total capital expenditure of ₹43.42 crs, including ₹33.25 crs capitalized towards the factory building in Valsad facility. The capex also includes ₹0.39 crs incurred towards the Surat facility.
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28 • He has 50+ years of experience in the writing instruments industry • Received the Lifetime Achievement Award and the Udyog Rattan Award from the Institute of Economic Studies, the Lifetime Achie vement Award from The Bombay Fountain Pen Manufacturers and Traders Association, the award for the ‘Most Admired Leader’ from Herald Global, Inspirational Leaders of New India award from Powerbrands Glam, Las Vegas, USA. Mr. Khubilal Jugraj Rathod, Chairman • He is a fellow member of the ICAI and holds a B.Com degree from the Bangalore University • Has 42+ years of experience in the writing instruments industry • Received “Asia’s Most Promising Leader 2015-16” award from World Consulting and Research Corporation, “Award of Appreciation” from the Pen and Stationery Association of India and award from the PlastIndia Foundation • Previously served as Chairman, Plastic Export Promotion Council & currently Chairman of Pen & Stationery Association of India Mr. Vimalchand Jugraj Rathod, Managing Director • Holds a B. Com degree from the University of Mumbai and has 35+ years of experience in the writing instruments industry • He heads the international sales and marketing division along with global relationship development Mr. Rajesh Khubilal Rathod, Whole-time Director • Holds a Bachelor of Arts degree (majoring in business administration) from the Muhlenberg College, Pennsylvania and has 25+ years of experience in the writing instruments industry • He heads the product development, domestic sales and marketing division Mr. Mohit Khubilal Rathod, Whole-time Director • Holds a Bachelor of Arts degree from the Eckerd College, Florida, a Post Graduate Diploma in Management from the S.P. Jain In stitute, Mumbai and has 17+ years of experience in the writing instruments industry • He heads the new business development, production, process and system management with a direct focus on steel bottles business Mr. Sumit Vimalchand Rathod, Whole-time Director Board of Directors
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29 • He holds a Bachelor of Engineering degree from University of Pune, Pune, Maharashtra and completed his Master of Science in Plastics Engineering from University of Massachusetts, Boston, USA • He has experience in the field of manufacturing filler compounds for plastic polymers. Mr. Manoj Vinod Lalwani , Independent Director • He holds a Bachelor of Science degree , an MBA degree from University of Rajasthan, Master of Valuation (Real Estate) degree. • He was previously associated with UTI Infrastructure, Technology and Services Limited (as its chief executive officer), Unit Trust of India, Jaipur Development Authority, Rajasthan State Industrial Development and Investment Corporation Limited. Mr. Punit Saxena, Independent Director • Holds Bachelor of Technology in Chemical Engineering degree from the IIT, Delhi • Has experience in the Health Care and Telecommunication Industry Mr. Rajneesh Bhandari, Independent Director • He is an associate member of the ICAI and holds a Bachelor of Commerce degree from Sydenham College. More than 25 years of experience in Audit, Taxation & Consulatation • He is a founder of a Chartered Accountancy firm with a specialization in Charitable Trust & NGO Mr. Deven Bipin Shah, Independent Director • She holds a Bachelor of Arts degree and a Master of Arts degree from the University of Bombay, Mumbai, Maharashtra. Ms. Sheetal Bhanot Shetty , Independent Director • He holds a Bachelor of Technology degree in I.T and engineering, a Master of International Business degree. • He is responsible for strengthening the operations vertical to improve the productivity of the Company Mr. Jatin Chadha, Chief Operating Officer • He is a Chartered Accountant (ICAI) and CPA (Delaware, USA) • He is responsible for the overall finance function and business transformation within in the Company Mr. Alpesh Porwal, Chief Financial Officer • He is an associate member of the ICSI and holds a M.Com degree, a Bachelor of Laws degree both from the University of Mumbai • He is responsible for the overall secretarial and statutory compliance in the Company Mr. Vishal Kishor Chanda, Company Secretary and Compliance Officer Management Team Board of Directors & Senior Management Team
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ANNEXURE
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31 We understand the crucial role of collaboration in building a better tomorrow for all stakeholders. We have also ensured that beyond collaboration - our CSR initiatives span critical areas such as education and healthcare and continue to make a positive impact. We believe in “empowerment through employment” Supporting education through distribution of laptops to students from tribal and minority communities. Recently distributed sewing machines promoting self reliance Undertaken tree Plantation Drive in Pali, Rajasthan Social Responsibility Donation of Anesthesia Workstation at Sadri Government Hospital
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32 2010-11 Award for No. 1 Exporter to the Flair Group of Companies from the BFPMTA 2012-13 Asia’s Most Promising Brands from WCRC 2013-14 Award for No. 1 Exporter to the Flair Group of Companies from the WIMO 2013-14 Most Valuable Brand 2014 award in the category of Gems, Jewellery and Accessories from WCRC 2014-15 Export Excellence Award for No. 1 Exporter to the Flair Group of Companies from the BFPMTA 2014-15 Award for No. 1 Exporter to the Flair Group of Companies from the WIMO 2015-16 Export Excellence Award for No. 1 Exporter to FPPIPL from the BFPMTA 2015-16 Award for No. 1 Exporter to the Flair Group of Companies from the WIMO 2016-17 Award for No. 1 Exporter to the Flair Group of Companies from the WIMO 2017-18 Award for Second Best Exporter to the Company from the PEPC in the category for writing instruments 2018-19 Export Award to the Company from the PEPC in the category for writing instruments (excluding parts) 2019-20 Award for Top Exporter to the Company from the PEPC in the category for writing instruments 2022-23, 2021-22, 2020-21 Award for Top Exporter to the Company from the PEPC in the category for writing instruments 2023-24 Conferred as one of the Best Brands 2024 by ET Edge at the Best Brands Conclave 2023-2024 Award for Top Exporter to the Company from the PEPC in the category for writing instruments 2023-2025 Award for the first best Exporter of Writing Instruments to the Flair Group Top Awards and Accolades 2024-2025 Award for Top Exporter to the Company from the PEPC in the category for writing instruments 2020-21 Award for Top Exporter to the Company from the PEPC in the category for writing instruments
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33 Performance in Charts 577.5 942.7 978.7 1,079.9 1,250.1 FY22 FY23 FY24 FY25 FY26 +21% Revenues EBITDA & EBITDA % PAT & PAT % 97.9 183.5 191.2 184.7 224.5 FY22 FY23 FY24 FY25 FY26 +23% 55.9 117.0 118.5 119.1 141.3 FY22 FY23 FY24 FY25 FY26 +26% RoCE (%)^ RoE (%)# *Debt to Equity (x) FY22 FY23 FY24 FY25 FY26 18.6% 30.0% 17.3% 15.1% 15.8% 0.41 0.28 0.08 0.06 0.06 FY22 FY23 FY24 FY25 FY26FY22 FY23 FY24 FY25 FY26 17.5% 26.9% 13.2% 11.7% 12.2% ₹ in Crs ^RoCE = EBIT/(Net Worth + Borrowings+ Lease Liabilities + Deffered tax liabilities) # RoE = PAT/ Net Worth *Debt includes Current & Non-Current Borrowings and Lease Liabilities. Equity includes Net Worth 16.9% 19.5% 19.5% 17.1% 9.7% 12.4% 12.1% 11.0% Equity base has more than doubled to Rs. 898.7 crores in FY24 due to net infusion of Rs. 346.4 crores from IPO proceeds 18.0% 11.3%
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34 Historical Consolidated Profit & Loss Statement Particulars (₹ in crs) FY26 FY25 FY24 FY23 FY22 Revenue from Operations 1,250.1 1,079.9 978.7 942.7 577.5 Cost of Materials Consumed 612.3 532.2 485.7 508.8 308.2 Gross Profit 637.8 547.7 493.0 433.9 269.3 GP % 51.0% 50.7% 50.4% 46.0% 46.6% Employee Benefits Expense 214.5 171.7 145.8 117.3 88.3 Other Expenses 198.8 191.2 156.0 133.0 83.0 EBITDA 224.5 184.7 191.2 183.5 97.9 EBITDA % 18.0% 17.1% 19.5% 19.5% 16.9% Other Income 20.8 24.6 14.5 11.6 10.2 Depreciation and Amortisation Expense 53.1 44.7 36.8 27.3 24.4 EBIT 192.2 164.6 169.0 167.8 83.4 Finance Costs 5.2 5.3 10.2 10.0 9.3 PBT 187.1 159.3 158.8 157.8 74.1 Total Tax Expense 45.7 40.3 40.3 40.8 18.2 Profit for the year 141.3 119.1 118.5 117.0 55.9 PAT % 11.3% 11.0% 12.1% 12.4% 9.7%
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35 Historical Balance Sheet EQUITY & LIABILITIES (₹ in Crs) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Total Equity 1142.5 1,017.8 898.7 435.2 318.0 Non-Current Liabilities (a) Borrowings 28.7 21.2 30.7 41.8 73.4 (b) Other Non-Current Financial Liabilities 42.3 43.2 37.5 23.0 18.6 Total Non-Current Liabilities 71.0 64.4 68.2 64.8 92.0 Current Liabilities (a) Borrowings & Lease Liabilities 17.6 16.1 17.9 74.9 55.9 (b) Trade Payables (total of MSME & Other than MSME) 66.5 53.9 65.6 63.6 50.3 (c) Other Financial Liabilities 33.4 33.4 34.6 20.4 16.4 (d) Other current liabilities (bal. fig.) 35.5 32.4 22.7 25.3 25.0 Total Current Liabilities 153.0 135.9 140.9 184.2 147.6 TOTAL EQUITY & LIABILITIES 1,366.5 1,218.1 1,107.8 684.2 557.6 ASSETS (₹ in Crs) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Non-Current Assets (a) Property, plant and equipment 454.3 395.5 301.1 240.1 190.1 (b) Capital Work-in-Progress 60.0 23.0 20.2 1.6 1.8 (c) Right-of-Use Assets 26.2 29.9 24.1 7.5 3.6 (d) Intangible Asset (incl Goodwill) 1.6 1.8 2.1 2.4 2.4 (e) Non-Current Financial Assets (bal. fig.) 25.2 30.4 45.1 22.0 7.3 Total Non-Current Assets 567.2 480.6 392.6 273.6 205.1 Current Assets (a) Inventories 354.0 287.1 226.5 213.8 184.3 (b) Trade Receivable 273.4 258.9 214.9 170.7 147.2 (c) Other current financial assets (bal. fig.) 172.0 191.6 273.9 26.1 21.1 Total Current Assets 799.4 737.6 715.3 410.6 352.6 Total Assets 1366.5 1,218.1 1,107.8 684.2 557.6
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36 Consolidated Cash Flow Statement PARTICULARS (₹ in Crs) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Cash Generated from Operations 181.2 93.6 124.9 141.3 45.2 Less: Direct Taxes paid (44.0) (38.1) (47.2) (43.4) (10.8) Net Cash from Operating Activities 137.2 55.5 77.6 97.9 34.4 Cash Flow from Investing Activities (161.0) (25.5) (285.2) (73.6) (19.0) Cash Flow from Financing Activities (21.5) (25.3) 258.8 (23.8) (15.7) Net increase/ (decrease) in Cash & Cash equivalent (45.3) 4.6 51.2 0.5 (0.3) Cash and cash equivalents at the beginning of the year 56.6 52.0 0.8 0.3 0.7 Cash and cash equivalents at the end of the year 11.3 56.6 52.0 0.8 0.3
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COMPANY : Flair Writing Industries Limited CIN : L51100MH2016PLC284727 Mr. Alpesh Porwal (Chief Financial Officer) Email: alpesh@flairpens.com www.flairworld.in Ms. Mamta Nehra Mamta.nehra@in.mpms.mufg.com INVESTOR RELATIONS ADVISORS : MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services Mr. Nikunj Jain Nikunj.jain@in.mpms.mufg.com Thank You Meeting Request Link Link