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 ₹ 126 Cr.
- Current Price ₹ 84.2
- High / Low ₹ 118 / 78.0
- Stock P/E 19.9
- Book Value ₹ 55.0
- Dividend Yield 0.00 %
- ROCE 10.2 %
- ROE 7.86 %
- Face Value ₹ 10.0
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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 67 | 63 | 70 | 93 | 111 | 105 | 133 | 168 | 198 | 203 | 211 | 243 | 258 | |
| 61 | 58 | 64 | 84 | 101 | 97 | 121 | 153 | 181 | 184 | 196 | 223 | 238 | |
| Operating Profit | 6 | 6 | 7 | 9 | 9 | 9 | 12 | 15 | 17 | 20 | 14 | 20 | 20 |
| OPM % | 9% | 9% | 9% | 10% | 8% | 8% | 9% | 9% | 8% | 10% | 7% | 8% | 8% |
| 0 | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | |
| Interest | 3 | 2 | 3 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 7 | 9 | 8 |
| Depreciation | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 4 | 5 | 5 | 5 |
| Profit before tax | 2 | 2 | 3 | 5 | 6 | 6 | 8 | 9 | 10 | 12 | 5 | 8 | 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 | 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 | 4.23 |
| 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: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 3% |
| 3 Years: | -6% |
| TTM: | 132% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | -8% |
| 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 |
|
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| Exports as % of Total Sales % |
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| Installed Capacity - Plywood lakh sqm per annum |
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| Number of Company Depots count |
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| Number of Overseas Export Markets countries |
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| Laminates Share of Total Revenue (Consolidated) % |
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| Plywood Share of Total Revenue (Consolidated) % |
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Extracted by Screener AI
Documents
Announcements
-
Copy of Newspaper Publication
- AGM notice dispatched; newspaper ads published for 2026 AGM, book closure and e-voting.
-
Shareholders meeting
- Airo Lam’s 19th AGM on 28 September 2026 will adopt FY26 accounts and appoint auditors.
-
General Updates
- Annual Report 2025-26 web-link shared; 19th AGM scheduled on 28 September 2026.
-
General Updates
- Register of Members and share transfer books closed September 22-28, 2026 for 19th AGM.
-
Copy of Newspaper Publication
- Airo Lam published standalone and consolidated unaudited Q1 FY2026 results in newspapers on 15 August 2026.
Business Overview:[1][2]
ALL is in the business of manufacturing and selling decorative laminates and plywood boards, which are used in furniture and fixtures. The company sells its products under brands including Ilam and Airolam/ Classico, etc. It is a recognised star export house by the Government of India and is a member of the India Green Building Council (IGBC) of CII (Confederation of Indian Industry).