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 ₹ 248 Cr.
- Current Price ₹ 165
- High / Low ₹ 197 / 67.2
- Stock P/E 27.8
- Book Value ₹ 45.9
- Dividend Yield 0.00 %
- ROCE 12.6 %
- ROE 12.3 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.59 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 12.2% 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
Sector: Plywood Boards/Laminates Industry: Miscellaneous
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
50 | 55 | 63 | 67 | 63 | 70 | 93 | 111 | 105 | 133 | 168 | 198 | 207 | |
45 | 49 | 58 | 61 | 58 | 64 | 84 | 101 | 97 | 121 | 153 | 181 | 186 | |
Operating Profit | 5 | 6 | 6 | 6 | 6 | 7 | 9 | 9 | 9 | 12 | 15 | 17 | 20 |
OPM % | 10% | 11% | 9% | 9% | 9% | 9% | 10% | 8% | 8% | 9% | 9% | 8% | 10% |
0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | |
Interest | 3 | 2 | 2 | 3 | 2 | 3 | 3 | 2 | 2 | 2 | 3 | 4 | 5 |
Depreciation | 1 | 2 | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 |
Profit before tax | 1 | 2 | 2 | 2 | 2 | 3 | 5 | 6 | 6 | 8 | 9 | 10 | 13 |
Tax % | 38% | 32% | 32% | 32% | 33% | 33% | 34% | 29% | 25% | 29% | 28% | 24% | |
1 | 1 | 1 | 2 | 2 | 2 | 3 | 4 | 5 | 5 | 7 | 7 | 9 | |
EPS in Rs | 1.42 | 2.60 | 2.69 | 2.91 | 3.04 | 3.44 | 2.17 | 2.82 | 3.19 | 3.64 | 4.49 | 4.93 | 5.94 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 14% |
5 Years: | 16% |
3 Years: | 23% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 18% |
3 Years: | 16% |
TTM: | 31% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 42% |
3 Years: | 90% |
1 Year: | 140% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 12% |
3 Years: | 12% |
Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
Reserves | 4 | 5 | 6 | 8 | 10 | 12 | 20 | 24 | 29 | 35 | 41 | 49 | 54 |
20 | 15 | 18 | 23 | 21 | 26 | 20 | 23 | 34 | 38 | 51 | 51 | 53 | |
9 | 15 | 18 | 20 | 26 | 27 | 32 | 30 | 29 | 42 | 53 | 48 | 57 | |
Total Liabilities | 38 | 40 | 49 | 56 | 63 | 70 | 87 | 92 | 107 | 130 | 160 | 162 | 178 |
11 | 11 | 12 | 12 | 11 | 11 | 11 | 11 | 11 | 38 | 37 | 36 | 36 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 15 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
27 | 29 | 36 | 44 | 51 | 60 | 76 | 80 | 82 | 92 | 122 | 126 | 141 | |
Total Assets | 38 | 40 | 49 | 56 | 63 | 70 | 87 | 92 | 107 | 130 | 160 | 162 | 178 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
5 | 6 | 2 | 0 | 3 | 2 | -4 | 1 | 4 | 20 | -6 | 9 | |
-2 | -1 | -3 | -1 | -0 | -1 | -4 | -2 | -14 | -14 | -4 | -5 | |
-3 | -5 | 1 | 2 | -4 | -1 | 8 | 2 | 9 | -2 | 9 | -4 | |
Net Cash Flow | -0 | -0 | -0 | 2 | -1 | -0 | 1 | 1 | -1 | 4 | -1 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 74 | 92 | 97 | 127 | 176 | 191 | 170 | 123 | 146 | 114 | 113 | 91 |
Inventory Days | 136 | 127 | 138 | 129 | 154 | 168 | 168 | 172 | 181 | 165 | 194 | 175 |
Days Payable | 0 | 101 | 122 | 123 | 181 | 175 | 149 | 115 | 115 | 132 | 129 | 84 |
Cash Conversion Cycle | 210 | 117 | 112 | 133 | 148 | 183 | 189 | 180 | 212 | 146 | 178 | 182 |
Working Capital Days | 191 | 98 | 104 | 126 | 146 | 155 | 168 | 161 | 178 | 130 | 149 | 143 |
ROCE % | 13% | 17% | 16% | 15% | 13% | 13% | 15% | 14% | 11% | 12% | 13% | 13% |
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