3 Stationery and Luggage Stocks With a Strong Future Roadmap: DOMS Industries, Flair Writing Industries and Safari Industries (India)

DOMS Rs 2,073.20, P/E 55.74. Flair Writing Rs 227.84, P/E 17.01. Safari Rs 1,318.00, P/E 39.13. Closing prices of 6 Oct 2026.

Updated: 7 Oct 2026 • 1:24 pm

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3 Stationery and Luggage Stocks With a Strong Future Roadmap: DOMS Industries, Flair Writing Industries and Safari Industries (India)

Quick Answer

Stationery and luggage stocks with the clearest long-term roadmaps today include DOMS Industries in pencils, pens and art materials for schools, Flair Writing Industries in writing instruments and stationery and Safari Industries (India) in hard-sided luggage and bags. FY26 revenue growth was 21.2% at DOMS, 15.1% at Flair Writing and 15.1% at Safari. P/E stands at 55.74 for DOMS (industry 32.89), 17.01 for Flair Writing (industry 32.89) and 39.13 for Safari (industry 35.17). Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company's risks need equal attention.

Stationery and luggage stocks give investors exposure to makers of pencils, pens and hard luggage that sell through schools, retailers and online channels. Results depend on school demand, travel trends and brand strength, which is why margins and cash flow matter as much as headline growth.

This list covers three school and travel goods stocks: DOMS Industries for pencils, pens and art materials for schools, Flair Writing Industries for writing instruments and stationery and Safari Industries (India) for hard-sided luggage and bags. Every figure comes from the latest reported financials and the 6 October 2026 market close. Companies without complete current figures were left out.

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Table of Contents

What Are Stationery and Luggage Stocks?

Stationery and luggage stocks are shares of companies that make pencils, pens, art materials and travel bags. Results depend on school enrolment, consumer spending, travel growth, brand pull and operating margin, so strong brands and wide distribution separate the stronger names.

Stationery and Luggage Stocks at a Glance

The table compares size, valuation, return on equity and debt for the three stationery and luggage stocks as of the 6 October 2026 close.

Company	CMP (Rs)	Market Cap (Rs Cr)	P/E	Industry P/E	ROE	Debt to Equity
DOMS Industries	2,073.20	12,584	55.74	32.89	18.87%	0.12
Flair Writing Industries	227.84	2,406	17.01	32.89	12.24%	0.06
Safari Industries (India)	1,318.00	6,459	39.13	35.17	15.05%	0.10

Among school and travel goods stocks, Flair Writing trades below the industry P/E, while DOMS and Safari trade at a premium to the industry multiple.

Why Do Stationery and Luggage Stocks Have a Strong Roadmap in India?

Stationery and luggage stocks have a strong roadmap in India because school enrolment is steady, branded products are replacing unbranded ones and more families are travelling by air and rail. Three drivers stand out.

School demand: Pencils, pens and art kits sell every school year.
Shift to brands: Parents and travellers prefer trusted brands.
Rising travel: More trips lift demand for hard luggage.

DOMS Industries: Pencils and Art Materials Anchor the Roadmap

DOMS' roadmap rests on pencils, pens and art materials for schools, with new product categories and export markets widening its range.

Revenue grew from Rs 686.23 crore in FY22 to Rs 2,344.93 crore in FY26, a 241.7% rise, and FY26 revenue was 21.2% higher than FY25. FY26 net profit rose 12.2% to Rs 239.56 crore. Over four years, net profit rose from Rs 17.14 crore in FY22 to Rs 239.56 crore. In Q1 FY27, revenue grew 19.0% to Rs 674.50 crore, and net profit fell 23.4% to Rs 45.28 crore. Operating margin was 18.10% in FY26 and 12.91% in Q1 FY27 against 18.36% a year earlier.

Debt to equity is 0.12 and return on equity is 18.87%. FY26 operating cash flow was Rs 254.34 crore against capital expenditure of Rs 292.84 crore. DOMS paid a dividend of Rs 3.65 per share for FY26, a yield of 0.18%. At a P/E of 55.74 against an industry P/E of 32.89, the stock trades above its industry multiple.

What to watch: FY26 capex of Rs 292.84 Cr was above operating cash flow of Rs 254.34 Cr, and the Q1 FY27 operating margin of 12.91% was below the 18.36% of a year earlier. Q1 FY27 net profit was 23.4% lower than a year earlier; the P/E of 55.74 sits above the industry P/E of 32.89, so earnings delivery matters for the valuation.

Flair Writing Industries: Writing Instruments Drive the Pipeline

Flair Writing's roadmap rests on writing instruments and stationery, with a wide dealer network and exports supporting volumes.

Revenue grew from Rs 587.64 crore in FY22 to Rs 1,270.87 crore in FY26, a 116.3% rise, and FY26 revenue was 15.1% higher than FY25. FY26 net profit rose 18.7% to Rs 141.35 crore. Over four years, net profit rose from Rs 55.15 crore in FY22 to Rs 141.35 crore. In Q1 FY27, revenue grew 9.8% to Rs 320.49 crore, and net profit rose 0.4% to Rs 29.08 crore. Operating margin was 19.65% in FY26 and 17.10% in Q1 FY27 against 18.30% a year earlier.

Debt to equity is 0.06 and return on equity is 12.24%. FY26 operating cash flow was Rs 137.18 crore against capital expenditure of Rs 141.14 crore. Flair Writing paid a dividend of Rs 0.5 per share for FY26, a yield of 0.22%. At a P/E of 17.01 against an industry P/E of 32.89, the stock trades below its industry multiple.

What to watch: FY26 capex of Rs 141.14 Cr was above operating cash flow of Rs 137.18 Cr, and return on equity of 12.24% is modest.

Safari Industries (India): Hard Luggage and Travel Demand Build the Next Leg

Safari's roadmap rests on hard-sided luggage and bags, with rising travel and a wider retail network supporting sales.

Revenue grew from Rs 713.16 crore in FY22 to Rs 2,071.81 crore in FY26, a 190.5% rise, and FY26 revenue was 15.1% higher than FY25. FY26 net profit rose 17.5% to Rs 167.76 crore. Over four years, net profit rose from Rs 22.37 crore in FY22 to Rs 167.76 crore. In Q1 FY27, revenue grew 11.6% to Rs 595.78 crore, and net profit fell 5.4% to Rs 47.75 crore. Operating margin was 13.50% in FY26 and 14.04% in Q1 FY27 against 16.12% a year earlier.

Debt to equity is 0.10 and return on equity is 15.05%. FY26 operating cash flow was Rs 173.36 crore against capital expenditure of Rs 70.44 crore. Safari paid a dividend of Rs 4 per share for FY26, a yield of 0.30%. At a P/E of 39.13 against an industry P/E of 35.17, the stock trades above its industry multiple.

What to watch: The Q1 FY27 operating margin of 14.04% was below the 16.12% of a year earlier, and FY25 net profit of Rs 142.80 Cr was lower than the Rs 175.81 Cr of FY24. Q1 FY27 net profit was 5.4% lower than a year earlier; the P/E of 39.13 sits above the industry P/E of 35.17, so earnings delivery matters for the valuation.

Best Stationery and Luggage Stocks in India: DOMS vs Flair Writing vs Safari on Key Financials

Among the best stationery and luggage stocks in India, Flair Writing leads on FY26 operating margin and the lowest P/E; DOMS leads on Q1 FY27 revenue growth and five-year revenue growth. The table puts the numbers side by side.

Metric	DOMS	Flair Writing	Safari
FY26 revenue (Rs Cr)	2,344.93	1,270.87	2,071.81
FY26 revenue growth	21.2%	15.1%	15.1%
Revenue growth FY22 to FY26	241.7%	116.3%	190.5%
FY26 net profit (Rs Cr)	239.56	141.35	167.76
FY26 net profit growth	12.2%	18.7%	17.5%
FY26 operating profit margin	18.10%	19.65%	13.50%
Q1 FY27 revenue growth (YoY)	19.0%	9.8%	11.6%
Q1 FY27 net profit growth (YoY)	-23.4%	0.4%	-5.4%
Return on equity	18.87%	12.24%	15.05%
P/E ratio	55.74	17.01	39.13
Debt to equity	0.12	0.06	0.10
Dividend yield	0.18%	0.22%	0.30%
FY26 operating cash flow (Rs Cr)	254.34	137.18	173.36

Stationery and luggage earnings follow school seasons and travel demand, so full-year numbers and quarterly trends together give a better view.

How to Evaluate Pencil, Pen and Luggage Stocks to Buy Before You Invest

A short checklist keeps the research consistent when you screen stationery and luggage stocks and shortlist pencil, pen and luggage stocks to buy.

Compare each stock's P/E with its industry P/E, which differs by stock.
Track operating margin across several quarters, because input costs can move faster than prices.
Check whether revenue growth is turning into profit growth, not only sales.
Read operating cash flow against capital expenditure to see how growth is funded.
Watch debt to equity and interest cover before sizing a position.
Spread exposure across companies and business lines instead of one demand cycle.

Check the Univest Screener for live data on these stationery and luggage stocks

Risks to Consider Before Investing in Stationery and Luggage Stocks

Quarterly profit: DOMS and Safari reported lower Q1 FY27 profit than a year earlier and Flair's was flat.
Valuation: DOMS trades at 55.74 times earnings against an industry multiple of 32.89.
Capex: DOMS and Flair spent more on capex than they earned in operating cash flow in FY26.
Seasonality: Sales cluster around the school and wedding seasons.

Download the Univest iOS App or Univest Android App to track DOMS, Flair Writing and Safari live.

Final Take: Which Stock Has the Strongest Roadmap?

These three pencil, pen and luggage stocks cover pencils and art materials, writing instruments, and hard luggage. Flair Writing leads on FY26 operating margin and the lowest P/E; DOMS leads on Q1 FY27 revenue growth and five-year revenue growth.

Across school and travel goods stocks, each roadmap still has to turn growth into steady profit, so independent research and position sizing matter. Investors should consult a SEBI-registered advisor before acting on any of the pencil, pen and luggage stocks to buy discussed here.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

FAQs on Stationery and Luggage Stocks

Which are the best stationery and luggage stocks in India with a strong roadmap?

Ans. DOMS Industries, Flair Writing Industries and Safari Industries (India) stand out for their roadmaps in pencils, pens and luggage. FY26 revenue growth was 21.2% at DOMS, 15.1% at Flair Writing and 15.1% at Safari, and return on equity ranges from 12.24% to 18.87%.

Is DOMS Industries a good stock to buy now?

Ans. DOMS Industries has a debt to equity ratio of 0.12, a return on equity of 18.87% and a P/E of 55.74 against an industry P/E of 32.89. Quarterly profit, valuation and capex move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.

What is the P/E ratio of DOMS, Flair Writing and Safari?

Ans. The P/E ratio is 55.74 for DOMS (industry 32.89), 17.01 for Flair Writing (industry 32.89) and 39.13 for Safari (industry 35.17). Only DOMS and Safari trade at or above the industry multiple.

Which of these stationery and luggage stocks has the highest return on equity?

Ans. DOMS Industries has the highest return on equity at 18.87%, followed by Safari Industries (India) at 15.05% and Flair Writing Industries at 12.24%.

What are the risks of investing in stationery and luggage stocks?

Ans. The main risks are lower quarterly profit, a high valuation at one firm, capex ahead of cash flow and seasonality. DOMS trades at 55.74 times earnings against an industry multiple of 32.89.

How did DOMS, Flair Writing and Safari perform in Q1 FY27?

Ans. DOMS Industries reported revenue of Rs 674.50 crore, up 19.0% year on year, and net profit fell 23.4% to Rs 45.28 crore. Flair Writing Industries reported revenue of Rs 320.49 crore, up 9.8% year on year, and net profit rose 0.4% to Rs 29.08 crore. Safari Industries (India) reported revenue of Rs 595.78 crore, up 11.6% year on year, and net profit fell 5.4% to Rs 47.75 crore.

Do stationery and luggage stocks pay dividends?

Ans. Yes, all three companies pay dividends. The dividend yield is 0.18% for DOMS, 0.22% for Flair Writing and 0.30% for Safari, based on dividends declared for FY26.

How can I invest in stationery and luggage stocks in India?

Ans. You can buy stationery and luggage stocks through a demat and trading account on NSE or BSE after checking each company's financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.