Flair Writing Industries (NSE:FLAIR) Interest Coverage: 46.22 (As of Mar. 2026) — 103% Above Median


NSE:FLAIR Flair Writing Industries Ltd NSE:FLAIR
46 GF Score
Price ₹260.10
! 2 Warning Signs
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What is Flair Writing Industries Interest Coverage?

Flair Writing Industries NSE:FLAIR -2.77% 46 Interest Coverage is 46.22 as of Mar. 2026, which is 103% above its 10-year median of 22.81. GuruFocus rates NSE:FLAIR with a GF Score™ of 46/100. The stock has 2 warning signs investors should review. Among 2,322 Industrial Products companies, Flair Writing Industries ranks better than 65.98% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Flair Writing Industries's Operating Income for the three months ended in Mar. 2026 was ₹293 Mil. Flair Writing Industries's Interest Expense for the three months ended in Mar. 2026 was ₹-6 Mil. Flair Writing Industries's interest coverage for the quarter that ended in Mar. 2026 was 46.22. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Flair Writing Industries's Interest Coverage or its related term are showing as below:

NSE:FLAIR' s Interest Coverage Range Over the Past 10 Years
Min: 0.29   Med: 22.81   Max: 38.39
Current: 34.49


NSE:FLAIR's Interest Coverage is ranked better than
65.98% of 2322 companies
in the Industrial Products industry
Industry Median: 14.835 vs NSE:FLAIR: 34.49

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Flair Writing Industries  (NSE:FLAIR) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Flair Writing Industries Interest Coverage Related Terms


Flair Writing Industries Interest Coverage Historical Data

* Premium members only.

The historical data trend for Flair Writing Industries's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Flair Writing Industries Interest Coverage Chart

Flair Writing Industries Annual Data
Trend Mar17 Mar18 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial 7.54 26.40 18.98 31.20 38.39

Flair Writing Industries Quarterly Data
Mar17 Mar18 Mar21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.96 29.47 31.90 36.74 46.22

Flair Writing Industries Interest Coverage Competitor Comparison

For the Business Equipment & Supplies subindustry, Flair Writing Industries's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Flair Writing Industries Interest Coverage vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Flair Writing Industries's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Flair Writing Industries's Interest Coverage falls into.


NSE:FLAIR
46GF Score
Flair Writing Industries Ltd NSE:FLAIR
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Flair Writing Industries Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Flair Writing Industries's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, Flair Writing Industries's Interest Expense was ₹-31 Mil. Its Operating Income was ₹1,205 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹487 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*1204.821/-31.386
=38.39

Flair Writing Industries's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Flair Writing Industries's Interest Expense was ₹-6 Mil. Its Operating Income was ₹293 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹487 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*292.829/-6.336
=46.22

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 46.22 mean?
Flair Writing Industries (NSE:FLAIR) has a Interest Coverage of 46.22 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Flair Writing Industries and its competitors. This is 103% above median its historical median of 22.81. Over the past decade, Flair Writing Industries' Interest Coverage has ranged from 0.29 to 38.39. According to the industry distribution chart, Flair Writing Industries ranks #790 out of 2322 companies in the Industrial Products industry, placing it in the top 34%.
Is Flair Writing Industries' Interest Coverage too high?
Flair Writing Industries' current Interest Coverage of 46.22 is 103% above median its 10-year median of 22.81. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 38.39. The Industrial Products industry median Interest Coverage is 14.84. Flair Writing Industries' value of 46.22 is 211.6% above this industry median. Based on the distribution chart, Flair Writing Industries ranks #790 out of 2322 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Flair Writing Industries has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Flair Writing Industries' Interest Coverage compare to competitors?
According to the Industrial Products industry distribution chart, Flair Writing Industries ranks #790 out of 2322 companies for Interest Coverage. This puts Flair Writing Industries in the upper half of its industry. The industry median Interest Coverage is 14.84. Flair Writing Industries' value of 46.22 is 211.6% above this benchmark. Historically, Flair Writing Industries' own Interest Coverage has ranged from 0.29 to 38.39 over the past decade. While the company's 10-year median is 22.81 vs. the industry median of 14.84, Flair Writing Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Industrial Products company?
The median Interest Coverage among Industrial Products companies is 14.84, based on 2,322 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Flair Writing Industries's current Interest Coverage of 46.22 is 211.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Flair Writing Industries and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flair Writing Industries's current Interest Coverage is 46.22, which is 103% above median its own 10-year median of 22.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flair Writing Industries stock overvalued right now?
Flair Writing Industries (NSE:FLAIR) has a current Interest Coverage of 46.22. The current Interest Coverage is 46.22, which is 103% above median its 10-year median of 22.81 and 211.6% above the Industrial Products industry median of 14.84. Flair Writing Industries' overall GF Score™ is 46/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Flair Writing Industries (NSE:FLAIR), the current Interest Coverage is 46.22 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Flair Writing Industries Business Description

Other Exchanges 544030:India
Address Cross Road - A, Flair House, Plot No. A/64, Marol Industrial Area, MIDC, Andheri East, Mumbai, MH, IND, 400093
Flair Writing Industries Ltd is engaged in manufacturing pens and other products. It manufactures and distributes several brands in India and due to its ability to manufacture quality products and its distribution and retail capabilities, It is able to partner with various international brands in the writing instruments industry. Its products are sold under its Flair brand, its principal brands Hauser and Pierre Cardin and It has recently introduced ZOOX in India. Its products include ball pens, fountain pens, gel pens, roller pens and metal pens, mechanical pencils, highlighters, correction pens, markers, gel crayons, colouring range, erasers, geometry boxes, and kids stationery kits, and calculators.
46GF Score

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