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 ₹ 163 Cr.
- Current Price ₹ 108
- High / Low ₹ 124 / 78.0
- Stock P/E 23.5
- Book Value ₹ 58.8
- Dividend Yield 0.00 %
- ROCE 9.76 %
- ROE 6.93 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 7.44% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 105 | 133 | 168 | 198 | 205 | 211 | 243 | 275 | |
| Sales growth | +26% | +26% | +18% | +3% | +3% | +15% | +22% | |
| 97 | 121 | 154 | 181 | 185 | 197 | 224 | 255 | |
| Operating Profit | 9 | 12 | 14 | 17 | 19 | 14 | 19 | 20 |
| OPM % | 8% | 9% | 8% | 8% | 9% | 7% | 8% | 7% |
| 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | |
| Interest | 2 | 2 | 3 | 4 | 5 | 7 | 9 | 8 |
| Depreciation | 2 | 2 | 3 | 3 | 4 | 5 | 5 | 5 |
| Profit before tax | 6 | 8 | 9 | 10 | 12 | 4 | 7 | 9 |
| Tax % | 25% | 29% | 28% | 24% | 32% | 35% | 26% | |
| 5 | 5 | 7 | 7 | 8 | 3 | 5 | 7 | |
| EPS in Rs | 3.19 | 3.64 | 4.37 | 4.93 | 5.23 | 1.94 | 3.50 | 4.60 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 7% |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -1% |
| 3 Years: | -11% |
| TTM: | -9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | -5% |
| 1 Year: | 3% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 7% |
| Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 29 | 35 | 41 | 49 | 55 | 58 | 64 | 73 |
| 34 | 38 | 51 | 63 | 79 | 90 | 82 | 87 | |
| 29 | 42 | 53 | 35 | 42 | 51 | 66 | 78 | |
| Total Liabilities | 107 | 130 | 159 | 162 | 192 | 214 | 226 | 254 |
| 11 | 38 | 37 | 36 | 45 | 58 | 55 | 56 | |
| CWIP | 15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 2 |
| 82 | 92 | 122 | 126 | 147 | 156 | 171 | 196 | |
| Total Assets | 107 | 130 | 159 | 162 | 192 | 214 | 226 | 254 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 4 | 20 | -7 | -5 | -1 | 14 | 19 | |
| -14 | -14 | -3 | -3 | -13 | -18 | -3 | |
| 9 | -2 | 10 | 8 | 11 | 4 | -17 | |
| Net Cash Flow | -1 | 4 | -0 | -0 | -2 | 0 | -0 |
| Free Cash Flow | -11 | 6 | -10 | -7 | -13 | -4 | 17 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 63% | 192% | -40% | -25% | 13% | 113% | 103% |
Ratios
Consolidated / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 146 | 114 | 113 | 91 | 98 | 101 | 102 |
| Inventory Days | 181 | 165 | 193 | 175 | 212 | 224 | 198 |
| Days Payable | 115 | 132 | 128 | 64 | 79 | 91 | 110 |
| Cash Conversion Cycle | 212 | 146 | 177 | 202 | 232 | 234 | 190 |
| Working Capital Days | 113 | 78 | 86 | 76 | 76 | 66 | 60 |
| ROCE % | 12% | 13% | 12% | 12% | 7% | 10% |
Insights
In beta| Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Exports as % of Total Sales % ・Standalone data |
|
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| Installed Capacity - Laminates lakh sheets per annum ・Standalone data |
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| Installed Capacity - Plywood lakh sqm per annum ・Standalone data |
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| Number of Overseas Export Markets countries ・Standalone data |
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| Number of Company Depots count ・Standalone data |
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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
- Standalone and consolidated unaudited results for quarter and half year ended September 30, 2026 published.
-
Outcome of Board Meeting
- Board approved unaudited Q2 and half-year results on 7 November 2026.
-
Price movement
- Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …
-
Board Meeting - Financial Results
- Board meeting on 7 Nov 2026 to approve Q2/H1 FY2026-27 unaudited results.
-
Board Meeting - Intimation
- AIRO LAM LIMITED has informed about Board Meeting to be held on 07-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company …
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
-
Annual Report 2023
from nse
-
Annual Report 2022
from nse
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).