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 ₹ 134 Cr.
- Current Price ₹ 89.0
- High / Low ₹ 125 / 78.0
- Stock P/E 24.2
- Book Value ₹ 52.4
- Dividend Yield 0.00 %
- ROCE 9.75 %
- ROE 7.26 %
- 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 7.47% 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 | |
|---|---|---|---|---|---|---|---|
| 105 | 133 | 168 | 198 | 205 | 211 | 243 | |
| 97 | 121 | 154 | 181 | 185 | 197 | 224 | |
| Operating Profit | 9 | 12 | 14 | 17 | 19 | 14 | 19 |
| OPM % | 8% | 9% | 8% | 8% | 9% | 6% | 8% |
| 1 | 1 | 1 | 1 | 1 | 3 | 1 | |
| Interest | 2 | 2 | 3 | 4 | 5 | 7 | 9 |
| Depreciation | 2 | 2 | 3 | 3 | 4 | 5 | 5 |
| Profit before tax | 6 | 8 | 9 | 10 | 12 | 4 | 7 |
| Tax % | 25% | 29% | 28% | 24% | 32% | 36% | 26% |
| 5 | 5 | 7 | 7 | 8 | 3 | 5 | |
| EPS in Rs | 3.19 | 3.64 | 4.37 | 4.93 | 5.23 | 1.80 | 3.67 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 7% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 0% |
| 3 Years: | -9% |
| TTM: | 104% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 0% |
| 1 Year: | -25% |
| 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 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 29 | 35 | 41 | 49 | 55 | 58 | 64 |
| 34 | 38 | 51 | 63 | 79 | 90 | 82 | |
| 29 | 42 | 53 | 35 | 42 | 53 | 66 | |
| Total Liabilities | 107 | 130 | 159 | 162 | 192 | 216 | 226 |
| 11 | 38 | 37 | 36 | 45 | 58 | 55 | |
| CWIP | 15 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| 82 | 92 | 122 | 126 | 147 | 158 | 171 | |
| Total Assets | 107 | 130 | 159 | 162 | 192 | 216 | 226 |
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/OP | 63% | 192% | -40% | -25% | 13% | 113% | 106% |
Ratios
Consolidated Figures in Rs. Crores / 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 | |
|---|---|---|---|---|---|---|---|---|
| Installed Capacity - Laminates lakh sheets per annum ・Standalone data |
|
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| Exports as % of Total Sales % ・Standalone data |
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| Installed Capacity - Plywood lakh sqm per annum ・Standalone data |
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| Number of Company Depots count ・Standalone data |
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| Number of Overseas Export Markets countries ・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
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
4 July 2026 - Airo Lam filed Regulation 74(5) certificate for quarter ended 30 June 2026.
-
Trading Window
1 July 2026 - Trading window closed from July 1, 2026 until 48 hours after Q1 FY2027 results.
-
Disclosure under SEBI Takeover Regulations
29 June 2026 - Pravinkumar N. Patel has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, …
-
Resignation of Statutory Auditor
25 June 2026 - Airo Lam limited has informed about Resignation of Statutory Auditor
-
Resignation of Statutory Auditor
25 June 2026 - Airo Lam limited has informed about Resignation of Statutory Auditor
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