Airo Lam Ltd
Incorporated in 2008, Airolam Ltd is in
the business of production, processing
and marketing of decorative laminate
and plywood[1]
- Market Cap ₹ 176 Cr.
- Current Price ₹ 117
- High / Low ₹ 164 / 83.5
- Stock P/E 49.7
- Book Value ₹ 50.6
- Dividend Yield 0.00 %
- ROCE 7.78 %
- ROE 4.77 %
- Face Value ₹ 10.0
Pros
- Promoter holding has increased by 3.68% over last quarter.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 9.48% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
63 | 67 | 63 | 70 | 93 | 111 | 105 | 133 | 168 | 198 | 203 | 214 | |
58 | 61 | 58 | 64 | 84 | 101 | 97 | 121 | 153 | 181 | 184 | 200 | |
Operating Profit | 6 | 6 | 6 | 7 | 9 | 9 | 9 | 12 | 15 | 17 | 20 | 14 |
OPM % | 9% | 9% | 9% | 9% | 10% | 8% | 8% | 9% | 9% | 8% | 10% | 7% |
0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | |
Interest | 2 | 3 | 2 | 3 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 7 |
Depreciation | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 4 | 5 |
Profit before tax | 2 | 2 | 2 | 3 | 5 | 6 | 6 | 8 | 9 | 10 | 12 | 5 |
Tax % | 32% | 32% | 33% | 33% | 34% | 29% | 25% | 29% | 28% | 24% | 31% | 31% |
1 | 2 | 2 | 2 | 3 | 4 | 5 | 5 | 7 | 7 | 8 | 4 | |
EPS in Rs | 2.69 | 2.91 | 3.04 | 3.44 | 2.17 | 2.82 | 3.19 | 3.64 | 4.49 | 4.93 | 5.53 | 2.36 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 15% |
3 Years: | 9% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | -6% |
3 Years: | -19% |
TTM: | -57% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 41% |
3 Years: | 23% |
1 Year: | -16% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 10% |
3 Years: | 9% |
Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 6 | 6 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
Reserves | 6 | 8 | 10 | 12 | 20 | 24 | 29 | 35 | 41 | 49 | 57 | 61 |
18 | 23 | 21 | 26 | 20 | 23 | 34 | 38 | 51 | 63 | 79 | 89 | |
18 | 20 | 26 | 27 | 32 | 30 | 29 | 42 | 53 | 35 | 39 | 54 | |
Total Liabilities | 49 | 56 | 63 | 70 | 87 | 92 | 107 | 130 | 160 | 162 | 190 | 219 |
12 | 12 | 11 | 11 | 11 | 11 | 11 | 38 | 37 | 36 | 45 | 58 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 15 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
36 | 44 | 51 | 60 | 76 | 80 | 82 | 92 | 122 | 126 | 145 | 161 | |
Total Assets | 49 | 56 | 63 | 70 | 87 | 92 | 107 | 130 | 160 | 162 | 190 | 219 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | 0 | 3 | 2 | -4 | 1 | 4 | 20 | -6 | 9 | -0 | 17 | |
-3 | -1 | -0 | -1 | -4 | -2 | -14 | -14 | -4 | -5 | -13 | -20 | |
1 | 2 | -4 | -1 | 8 | 2 | 9 | -2 | 9 | -4 | 11 | 3 | |
Net Cash Flow | -0 | 2 | -1 | -0 | 1 | 1 | -1 | 4 | -1 | -0 | -2 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 97 | 127 | 176 | 191 | 170 | 123 | 146 | 114 | 113 | 91 | 99 | 103 |
Inventory Days | 138 | 129 | 154 | 168 | 168 | 172 | 181 | 165 | 194 | 175 | 210 | 218 |
Days Payable | 122 | 123 | 181 | 175 | 149 | 115 | 115 | 132 | 129 | 64 | 70 | 92 |
Cash Conversion Cycle | 112 | 133 | 148 | 183 | 189 | 180 | 212 | 146 | 178 | 202 | 239 | 229 |
Working Capital Days | 104 | 126 | 146 | 155 | 168 | 161 | 178 | 130 | 149 | 166 | 196 | 188 |
ROCE % | 16% | 15% | 13% | 13% | 15% | 14% | 11% | 12% | 13% | 12% | 12% | 8% |
Documents
Announcements
-
Trading Window-XBRL
30 June 2025 - Airo Lam Limited has informed about Closure of Trading Window
-
Trading Window
30 June 2025 - Trading window closed from July 1, 2025, till 48 hours after Q1 financial results announcement.
-
Disclosure under SEBI Takeover Regulations
6 June 2025 - No new encumbrances on promoter shares for FY ending March 31, 2025, per SEBI SAST regulations.
-
Copy of Newspaper Publication
30 May 2025 - Publication of audited financial results for quarter and year ended March 31, 2025.
-
Outcome of Board Meeting
29 May 2025 - Airo Lam reports audited FY25 financials with unmodified audit opinion; appoints internal and secretarial auditors.
Product Profile:
a) Laminates:[1][2]
Decorative Laminates, Decorative
Post forming Laminates, I Lam, I Lite,
Color Code Laminates
b) Specialty Laminates:[3]
Anti Finger Print Laminates, Dura Gloss
Pro Laminates, Chalk Grade Laminates,
Marker Grade Laminates, Synchronized
Laminates Mettalic Laminates, Flicker
Laminates, Color Core Laminates,
Digital Laminates
c) Performance Laminates:[4]
Electrostatic Dissipative Laminates, Fire Retardant Laminates, Chemical Resistant Laminates, Magnetic Laminates.
d) Compact Laminates:[5]
Exterior Wall Cladding Laminates, Interior Wall Cladding Laminates, Restroom and cubicle laminates
e) Plywood:[6]
Airoply Plywoods, Airoply Block
boards, Airoply Flushdoor
f) Panel:[7]
Gloss Acrylic Panels, Matte Acrylic
Panels
g) Luce:[8]
Luxury Matt Finish