Airo Lam Ltd.

890.01%

2026-08-21

airolam.comBSE: -NSE: AIROLAM
Market Cap₹ 133 Cr.
Current Price₹ 89
High / Low₹ 125 / 78
Stock P/E24.1
Book Value₹ 52
Price to Book1.83
Dividend Yield0.00 %
ROCE7.4 %
ROE3.8 %
Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Laminates & Allied Products: 86.8% • Plywood & Allied Products: 13.2%

PROS

  • Company has consistently been profitable over the last 5 years
  • Company has delivered good sales growth of 15.0% CAGR over last 5 years

CONS

  • A large part of profit comes from other income (59.7% of PBT)
  • Recent results are weak - TTM profit is down 32.3% versus prior year
  • Company has a low return on capital employed of 10.5%
  • Company has a low return on equity of 9.2% over last 3 years
  • Interest coverage is weak at 1.6x - earnings barely cover interest
  • Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.45x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.GREENLAM255.0570.036507.540.1621.24235.20796.7018.248.3810.02
2.STYLAMIND3657.4536.516198.670.0048.1670.35326.4715.3727.0521.09
3.EUROPRATIK267.6031.732734.870.0720.05115.65103.3360.1353.3925.79
4.RUSHIL17.2522.21506.140.291.98114.09229.0027.8210.207.95
5.WIPL168.980.00143.420.59-0.30-188.2426.49-8.698.51-0.23
6.AIROLAM88.5024.08132.770.000.25-91.0557.933.147.365.66
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023
52
47
Operating Profit
OPM %
Other Income
-0
Interest
1
Depreciation
1
3
Tax %
19.87%
Net Profit
0
2
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Jun 2023
49
43
Operating Profit
OPM %
Other Income
0
Interest
1
Depreciation
1
4
Tax %
27.62%
Net Profit
0
2
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
50
46
Operating Profit
OPM %
Other Income
1
Interest
1
Depreciation
1
3
Tax %
35.41%
Net Profit
0
1
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
57
52
Operating Profit
OPM %
Other Income
0
Interest
1
Depreciation
1
3
Tax %
37.54%
Net Profit
0
1
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
51
46
Operating Profit
OPM %
Other Income
1
Interest
2
Depreciation
1
2
Tax %
29.83%
Net Profit
0
1
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
52
48
Operating Profit
OPM %
Other Income
2
Interest
2
Depreciation
1
3
Tax %
33.33%
Net Profit
2
1
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
52
52
Operating Profit
OPM %
Other Income
-0
Interest
2
Depreciation
1
-4
Tax %
10.71%
Net Profit
-3
-2
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
54
51
Operating Profit
OPM %
Other Income
0
Interest
1
Depreciation
1
1
Tax %
20.29%
Net Profit
1
1
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
56
50
Operating Profit
OPM %
Other Income
1
Interest
2
Depreciation
1
3
Tax %
17.99%
Net Profit
3
2
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
54
49
Operating Profit
OPM %
Other Income
0
Interest
2
Depreciation
1
2
Tax %
32.04%
Net Profit
1
1
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
62
56
Operating Profit
OPM %
Other Income
-0
Interest
2
Depreciation
1
3
Tax %
13.45%
Net Profit
2
2
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
70
65
Operating Profit
OPM %
Other Income
0
Interest
2
Depreciation
1
2
Tax %
25.27%
Net Profit
1
1
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
58
55
Operating Profit
OPM %
Other Income
1
Interest
2
Depreciation
1
1
Tax %
60.32%
Net Profit
0
0
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020
106
98
Operating Profit
10
OPM %
9
Other Income
1
Interest
2
Depreciation
2
6
Tax %
25
Net Profit
5
EPS
3
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Mar 2021
133
122
Operating Profit
12
OPM %
9
Other Income
1
Interest
2
Depreciation
2
8
Tax %
29
Net Profit
5
EPS
4
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Mar 2022
169
154
Operating Profit
15
OPM %
9
Other Income
1
Interest
3
Depreciation
3
9
Tax %
29
Net Profit
6
EPS
4
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Mar 2023
199
183
Operating Profit
17
OPM %
9
Other Income
1
Interest
4
Depreciation
3
10
Tax %
24
Net Profit
7
EPS
5
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
5
Minority Interest
0
Share of Associates
0
Adjusted EPS
5
Mar 2024
206
187
Operating Profit
21
OPM %
10
Other Income
1
Interest
5
Depreciation
4
12
Tax %
32
Net Profit
8
EPS
5
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
5
Minority Interest
0
Share of Associates
0
Adjusted EPS
5
Mar 2025
214
201
Operating Profit
16
OPM %
8
Other Income
3
Interest
7
Depreciation
5
4
Tax %
36
Net Profit
3
EPS
2
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
TTM
243
224
Operating Profit
OPM %
Other Income
1
Interest
9
Depreciation
5
7
Tax %
26
Net Profit
5
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
0
Adjusted EPS
Minority Interest
0
Share of Associates
0
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
15%
3 Years:
8%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
-11%
3 Years:
-25%

STOCK PRICE CAGR

10 Years:
5 Years:
15%
3 Years:
-8%
1 Year:
-18%

RETURN ON EQUITY

10 Years:
5 Years:
10%
3 Years:
9%
Last Year:
4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

No bonus data found

Mar 2020
Equity Capital
15
29
20
Trade Payables
22
21
Total Liabilities
107
11
Capital Work in Progress
15
0
35
0
Cash & Bank
1
46
Total Assets
107
Total Debt
34
Net Working Capital
34
Contingent Liabilities
0
Book Value per Share
29.48
Face Value
10.00
Total Debt
34
Net Working Capital
34
Contingent Liabilities
0
Book Value per Share
29.48
Face Value
10.00
Mar 2021
Equity Capital
15
35
19
Trade Payables
33
29
Total Liabilities
130
38
Capital Work in Progress
0
0
41
0
Cash & Bank
5
47
Total Assets
130
Total Debt
38
Net Working Capital
33
Contingent Liabilities
0
Book Value per Share
33.12
Face Value
10.00
Total Debt
38
Net Working Capital
33
Contingent Liabilities
0
Book Value per Share
33.12
Face Value
10.00
Mar 2022
Equity Capital
15
41
26
Trade Payables
39
38
Total Liabilities
159
37
Capital Work in Progress
0
0
59
0
Cash & Bank
5
58
Total Assets
159
Total Debt
51
Net Working Capital
44
Contingent Liabilities
0
Book Value per Share
37.45
Face Value
10.00
Total Debt
51
Net Working Capital
44
Contingent Liabilities
0
Book Value per Share
37.45
Face Value
10.00
Mar 2023
Equity Capital
15
49
44
Trade Payables
27
28
Total Liabilities
162
36
Capital Work in Progress
0
1
63
0
Cash & Bank
3
60
Total Assets
162
Total Debt
63
Net Working Capital
44
Contingent Liabilities
2
Book Value per Share
42.67
Face Value
10.00
Total Debt
63
Net Working Capital
44
Contingent Liabilities
2
Book Value per Share
42.67
Face Value
10.00
Mar 2024
Equity Capital
15
55
59
Trade Payables
28
34
Total Liabilities
192
45
Capital Work in Progress
0
0
76
55
Cash & Bank
2
14
Total Assets
192
Total Debt
79
Net Working Capital
44
Contingent Liabilities
2
Book Value per Share
46.97
Face Value
10.00
Total Debt
79
Net Working Capital
44
Contingent Liabilities
2
Book Value per Share
46.97
Face Value
10.00
Mar 2025
Equity Capital
15
58
63
Trade Payables
35
45
Total Liabilities
216
58
Capital Work in Progress
0
0
85
58
Cash & Bank
2
13
Total Assets
216
Total Debt
89
Net Working Capital
40
Contingent Liabilities
2
Book Value per Share
48.87
Face Value
10.00
Total Debt
89
Net Working Capital
40
Contingent Liabilities
2
Book Value per Share
48.87
Face Value
10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020
4
Cash from Investing
-14
Cash from Financing
9
-1
Free Cash Flow
4
OCF / Net Profit
0.92
Cumulative 5-Year FCF
0
OCF / Net Profit
0.92
Cumulative 5-Year FCF
0
Mar 2021
20
Cash from Investing
-14
Cash from Financing
-2
4
Free Cash Flow
6
OCF / Net Profit
3.75
Cumulative 5-Year FCF
0
OCF / Net Profit
3.75
Cumulative 5-Year FCF
0
Mar 2022
-6
Cash from Investing
-4
Cash from Financing
9
-1
Free Cash Flow
-9
OCF / Net Profit
-0.96
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.96
Cumulative 5-Year FCF
0
Mar 2023
-5
Cash from Investing
-3
Cash from Financing
8
-0
Free Cash Flow
-7
OCF / Net Profit
-0.72
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.72
Cumulative 5-Year FCF
0
Mar 2024
-1
Cash from Investing
-13
Cash from Financing
11
-2
Free Cash Flow
-13
OCF / Net Profit
-0.07
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.07
Cumulative 5-Year FCF
0
Mar 2025
14
Cash from Investing
-18
Cash from Financing
4
-0
Free Cash Flow
-4
OCF / Net Profit
5.14
Cumulative 5-Year FCF
-27
OCF / Net Profit
5.14
Cumulative 5-Year FCF
-27

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020
EPS (₹)
3.18
Book Value (₹)
29.48
Dividend per Share (₹)
0.00
Cash EPS (₹)
4.28
Operating Margin %
7.74%
Net Margin %
3.82%
ROE %
10.80%
ROCE %
10.25%
4.45%
Debtor Days
123
Inventory Days
101
Payable Days
115
109
Debt to Equity (x)
0.78x
Interest Coverage (x)
4.75x
1.71x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2021
EPS (₹)
3.64
Book Value (₹)
33.12
Dividend per Share (₹)
0.00
Cash EPS (₹)
5.20
Operating Margin %
8.29%
Net Margin %
3.64%
ROE %
11.62%
ROCE %
12.09%
4.59%
Debtor Days
102
Inventory Days
92
Payable Days
111
83
Debt to Equity (x)
0.77x
Interest Coverage (x)
4.30x
1.57x
Revenue Growth %
25.12%
Operating Profit Growth %
27.95%
Net Profit Growth %
14.18%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
4.32
Book Value (₹)
37.45
Dividend per Share (₹)
0.00
Cash EPS (₹)
6.36
Operating Margin %
8.17%
Net Margin %
3.47%
ROE %
12.25%
ROCE %
12.54%
4.48%
Debtor Days
91
Inventory Days
97
Payable Days
118
70
Debt to Equity (x)
0.90x
Interest Coverage (x)
3.98x
1.57x
Revenue Growth %
26.89%
Operating Profit Growth %
22.92%
Net Profit Growth %
18.92%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
4.93
Book Value (₹)
42.67
Dividend per Share (₹)
0.00
Cash EPS (₹)
7.14
Operating Margin %
7.77%
Net Margin %
3.32%
ROE %
12.31%
ROCE %
11.94%
4.60%
Debtor Days
83
Inventory Days
100
Payable Days
92
91
Debt to Equity (x)
0.99x
Interest Coverage (x)
3.33x
1.55x
Revenue Growth %
18.10%
Operating Profit Growth %
13.36%
Net Profit Growth %
14.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
5.23
Book Value (₹)
46.97
Dividend per Share (₹)
0.00
Cash EPS (₹)
7.82
Operating Margin %
8.30%
Net Margin %
3.38%
ROE %
11.66%
ROCE %
12.17%
4.43%
Debtor Days
82
Inventory Days
109
Payable Days
77
114
Debt to Equity (x)
1.12x
Interest Coverage (x)
3.22x
1.43x
Revenue Growth %
3.47%
Operating Profit Growth %
19.72%
Net Profit Growth %
6.05%
6.05%
P/E (x)
29.36x
P/B (x)
3.27x
Dividend Yield %
0.00%
14.84x
Mar 2025
EPS (₹)
1.80
Book Value (₹)
48.87
Dividend per Share (₹)
0.00
Cash EPS (₹)
4.88
Operating Margin %
5.97%
Net Margin %
1.19%
ROE %
3.76%
ROCE %
7.36%
1.32%
Debtor Days
91
Inventory Days
129
Payable Days
83
137
Debt to Equity (x)
1.22x
Interest Coverage (x)
1.59x
1.35x
Revenue Growth %
3.81%
Operating Profit Growth %
-22.21%
Net Profit Growth %
-65.53%
-65.53%
P/E (x)
49.67x
P/B (x)
1.83x
Dividend Yield %
0.00%
13.76x

Shareholding Pattern

Numbers in percentages

TRADES
Sep 2024
53.03
FIIs
0.00
DIIs
0.00
Government
0.00
46.97
Dec 2024
53.05
FIIs
0.00
DIIs
0.00
Government
0.00
46.95
Mar 2025
53.14
FIIs
0.00
DIIs
0.00
Government
0.00
46.86
Jun 2025
53.14
FIIs
0.00
DIIs
0.00
Government
0.00
46.86
Sep 2025
53.14
FIIs
0.00
DIIs
0.00
Government
0.00
46.86
Dec 2025
53.41
FIIs
0.00
DIIs
0.00
Government
0.00
46.59
Mar 2026
53.41
FIIs
0.00
DIIs
0.00
Government
0.00
46.59
Jun 2026
53.41
FIIs
0.00
DIIs
0.00
Government
0.00
46.59

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