Airo Lam Ltd

₹ 89.0 0.54%

10 Jul - close price

About

Incorporated in 2008, Airolam Ltd is in
the business of production, processing
and marketing of decorative laminate
and plywood^[1]

Key Points

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

Website NSE

Market Cap ₹ 134 Cr.
Current Price ₹ 89.0
High / Low ₹ 125 / 78.0
Stock P/E 21.4
Book Value ₹ 55.0
Dividend Yield 0.00 %
ROCE 10.2 %
ROE 7.86 %
Face Value ₹ 10.0

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Pros

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 8.15% 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.

Peer comparison

Consumer Discretionary Consumer Durables Consumer Durables Plywood Boards/ Laminates

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	52.21	48.64	49.61	56.27	50.67	51.67	51.19	55.02	56.51	52.88	62.53	69.67	58.25
	46.67	43.22	45.44	51.06	45.81	47.00	51.14	51.46	50.39	47.89	56.09	64.25	54.72
Operating Profit	5.54	5.42	4.17	5.21	4.86	4.67	0.05	3.56	6.12	4.99	6.44	5.42	3.53
OPM %	10.61%	11.14%	8.41%	9.26%	9.59%	9.04%	0.10%	6.47%	10.83%	9.44%	10.30%	7.78%	6.06%
	-0.23	0.17	0.58	0.07	0.63	1.57	-0.01	0.19	0.74	0.38	-0.02	0.15	0.77
Interest	1.41	1.12	1.22	1.23	1.65	1.92	2.05	1.02	2.23	2.19	1.98	2.23	2.26
Depreciation	0.84	0.84	0.85	0.87	1.30	1.02	1.19	1.21	1.16	1.14	1.37	1.29	1.16
Profit before tax	3.06	3.63	2.68	3.18	2.54	3.30	-3.20	1.52	3.47	2.04	3.07	2.05	0.88
Tax %	20.26%	27.55%	33.96%	35.53%	27.95%	31.52%	-12.19%	18.42%	17.58%	28.43%	12.05%	22.93%	43.18%
	2.45	2.64	1.77	2.05	1.84	2.25	-2.81	1.24	2.86	1.45	2.69	1.58	0.50
EPS in Rs	1.63	1.76	1.18	1.37	1.23	1.50	-1.87	0.83	1.91	0.97	1.79	1.05	0.33
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	67	63	70	93	111	105	133	168	198	203	211	243
	61	58	64	84	101	97	121	153	181	184	196	223
Operating Profit	6	6	7	9	9	9	12	15	17	20	14	20
OPM %	9%	9%	9%	10%	8%	8%	9%	9%	8%	10%	7%	8%
	0	0	1	0	1	1	1	1	1	1	2	1
Interest	3	2	3	3	2	2	2	3	4	5	7	9
Depreciation	1	1	2	2	2	2	2	3	3	4	5	5
Profit before tax	2	2	3	5	6	6	8	9	10	12	5	8
Tax %	32%	33%	33%	34%	29%	25%	29%	28%	24%	31%	31%	22%
	2	2	2	3	4	5	5	7	7	8	4	6
EPS in Rs	2.91	3.04	3.44	2.17	2.82	3.19	3.64	4.49	4.93	5.53	2.36	4.15
Dividend Payout %	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%

Compounded Sales Growth
10 Years:	14%
5 Years:	13%
3 Years:	7%
TTM:	15%

Compounded Profit Growth
10 Years:	14%
5 Years:	3%
3 Years:	-6%
TTM:	76%

Stock Price CAGR
10 Years:	%
5 Years:	19%
3 Years:	0%
1 Year:	-25%

Return on Equity
10 Years:	10%
5 Years:	10%
3 Years:	8%
Last Year:	8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	6	6	6	15	15	15	15	15	15	15	15	15
Reserves	8	10	12	20	24	29	35	41	49	57	61	68
	23	21	26	20	23	34	38	51	63	79	89	80
	20	26	27	32	30	29	42	53	35	39	54	65
Total Liabilities	56	63	70	87	92	107	130	160	162	190	219	228
	12	11	11	11	11	11	38	37	36	45	58	55
CWIP	-0	-0	0	0	1	15	-0	-0	-0	-0	-0	-0
Investments	-0	-0	-0	-0	0	0	0	0	1	1	1	1
	44	51	60	76	80	82	92	122	126	145	161	172
Total Assets	56	63	70	87	92	107	130	160	162	190	219	228

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	3	2	-4	1	4	20	-6	9	-0	17	20
	-1	-0	-1	-4	-2	-14	-14	-4	-5	-13	-20	-3
	2	-4	-1	8	2	9	-2	9	-4	11	3	-17
Net Cash Flow	2	-1	-0	1	1	-1	4	-1	-0	-2	-0	-0
Free Cash Flow	-1	2	1	-6	-2	-11	6	-9	7	-13	-0	17
CFO/OP	9%	56%	32%	-30%	31%	63%	192%	-28%	60%	13%	130%	103%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	127	176	191	170	123	146	114	113	91	99	105	106
Inventory Days	129	154	168	168	172	181	165	194	175	210	218	191
Days Payable	123	181	175	149	115	115	132	129	64	70	92	108
Cash Conversion Cycle	133	148	183	189	180	212	146	178	202	238	231	189
Working Capital Days	126	62	73	108	101	113	78	86	76	80	70	65
ROCE %	15%	13%	13%	15%	14%	11%	12%	13%	12%	12%	8%	10%

Insights

In beta

Mar 2017

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Installed Capacity - Laminates
lakh sheets per annum

xx		xx			xx	xx	xx
				xx	xx	xx	xx
			xx.xx		xx.xx	xx.xx	xx.xx
	x					xx	xx
					xx	xx	xx
						xx.xx	xx.xx
						x.xx	xx.xx

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Exports as % of Total Sales
%

Installed Capacity - Plywood
lakh sqm per annum

Number of Company Depots
count

Number of Overseas Export Markets
countries

Laminates Share of Total Revenue (Consolidated)
%

Plywood Share of Total Revenue (Consolidated)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	53.01%	53.01%	53.02%	53.02%	53.03%	49.46%	53.14%	53.14%	53.14%	53.41%	53.41%	53.41%
	46.99%	46.99%	46.98%	46.98%	46.97%	50.54%	46.86%	46.86%	46.86%	46.59%	46.59%	46.59%
No. of Shareholders	3,821	3,550	4,613	4,424	4,334	4,829	4,607	4,763	4,605	4,406	4,251	4,276

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	51.09%	52.01%	52.01%	52.23%	52.25%	52.49%	53.02%	53.14%	53.41%	53.41%
	48.91%	47.99%	47.99%	47.78%	47.75%	47.51%	46.98%	46.86%	46.59%	46.59%
No. of Shareholders	657	618	578	537	2,428	4,125	4,613	4,607	4,251	4,276

Airo Lam Ltd

Airo Lam Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports

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