The invention provides an infra-red decoy flare comprising a pyrotechnic composition which comprises an extrudable and energetic binder in an amount in the range of from 4-35 wt %, which binder comprises a nitrocellulose, an oxidator in an amount in the range of from 40-80 wt %, a pyrotechnic fuel in an amount in the range of from 15-35 wt %, and a carbon source in an amount of up to and including 10 wt %, all amounts based on total pyrotechnic composition. The invention further provides a process for preparing said infra-red decoy flare.