Airo Lam Ltd.
•₹ 890.01%
2026-08-21
PROS
- Company has delivered good sales growth of 15.0% CAGR over last 5 years
CONS
- A large part of profit comes from other income (49.1% of PBT)
- Recent results are weak - TTM profit is down 25.5% versus prior year
- Company has a low return on capital employed of 10.7%
- Interest coverage is weak at 1.7x - earnings barely cover interest
- Company has a low return on equity of 9.7% over last 3 years
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.60x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | GREENLAM | 255.05 | 70.03 | 6507.54 | 0.16 | 21.24 | 235.20 | 796.70 | 18.24 | 8.38 | 10.02 |
| 2. | STYLAMIND | 3657.45 | 36.51 | 6198.67 | 0.00 | 48.16 | 70.35 | 326.47 | 15.37 | 27.05 | 21.09 |
| 3. | EUROPRATIK | 267.60 | 31.73 | 2734.87 | 0.07 | 20.05 | 115.65 | 103.33 | 60.13 | 53.39 | 25.79 |
| 4. | RUSHIL | 17.25 | 22.21 | 506.14 | 0.29 | 1.98 | 114.09 | 229.00 | 27.82 | 10.20 | 7.95 |
| 5. | WIPL | 168.98 | 0.00 | 143.42 | 0.59 | -0.30 | -188.24 | 26.49 | -8.69 | 8.51 | -0.23 |
| 6. | AIROLAM | 88.50 | 24.08 | 132.77 | 0.00 | 0.25 | -91.05 | 57.93 | 3.14 | 7.36 | 5.66 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 49 | 50 | 56 | 51 | 52 | 51 | 55 | 57 | 53 | 63 | 70 | 58 | 68 | |
| 43 | 45 | 51 | 46 | 47 | 51 | 51 | 50 | 48 | 56 | 64 | 55 | 66 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 1 | 0 | 1 | 2 | -0 | 0 | 1 | 0 | -0 | 0 | 1 | 0 |
| Interest | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 4 | 3 | 3 | 3 | 3 | -3 | 2 | 3 | 2 | 3 | 2 | 1 | 2 | |
| Tax % | 27.55% | 33.96% | 35.53% | 27.95% | 31.52% | 12.19% | 18.42% | 17.58% | 28.57% | 12.05% | 22.93% | 43.18% | 23.71% |
| Net Profit | 3 | 2 | 2 | 2 | 2 | -3 | 1 | 3 | 1 | 3 | 2 | 0 | 2 |
| 2 | 1 | 1 | 1 | 2 | -2 | 1 | 2 | 1 | 2 | 1 | 0 | 0 | |
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 49
- 43
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- 4
- Tax %
- 27.55%
- Net Profit
- 3
- 2
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 50
- 45
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 1
- 3
- Tax %
- 33.96%
- Net Profit
- 2
- 1
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 56
- 51
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- 3
- Tax %
- 35.53%
- Net Profit
- 2
- 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
- 3
- Tax %
- 27.95%
- Net Profit
- 2
- 1
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 52
- 47
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 2
- Depreciation
- 1
- 3
- Tax %
- 31.52%
- Net Profit
- 2
- 2
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 51
- 51
- Operating Profit
- —
- OPM %
- —
- Other Income
- -0
- Interest
- 2
- Depreciation
- 1
- -3
- Tax %
- 12.19%
- Net Profit
- -3
- -2
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 55
- 51
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- 2
- Tax %
- 18.42%
- Net Profit
- 1
- 1
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 57
- 50
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 2
- Depreciation
- 1
- 3
- Tax %
- 17.58%
- Net Profit
- 3
- 2
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 53
- 48
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 2
- Depreciation
- 1
- 2
- Tax %
- 28.57%
- Net Profit
- 1
- 1
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 63
- 56
- Operating Profit
- —
- OPM %
- —
- Other Income
- -0
- Interest
- 2
- Depreciation
- 1
- 3
- Tax %
- 12.05%
- Net Profit
- 3
- 2
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 70
- 64
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 2
- Depreciation
- 1
- 2
- Tax %
- 22.93%
- Net Profit
- 2
- 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 %
- 43.18%
- Net Profit
- 0
- 0
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 68
- 66
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 2
- Depreciation
- 1
- 2
- Tax %
- 23.71%
- Net Profit
- 2
- 0
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 64 | 71 | 93 | 112 | 106 | 133 | 169 | 199 | 205 | 214 | 258 | |
| 58 | 64 | 84 | 103 | 98 | 122 | 154 | 183 | 186 | 200 | 241 | |
| Operating Profit | 6 | 7 | 9 | 10 | 10 | 12 | 15 | 17 | 21 | 17 | — |
| OPM % | 9 | 10 | 10 | 9 | 9 | 9 | 9 | 9 | 10 | 8 | — |
| Other Income | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 |
| Interest | 2 | 3 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 7 | 8 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 4 | 5 | 5 |
| 2 | 3 | 5 | 6 | 6 | 8 | 9 | 10 | 12 | 5 | 8 | |
| Tax % | 33 | 33 | 34 | 29 | 25 | 29 | 28 | 24 | 31 | 30 | 21 |
| Net Profit | 2 | 2 | 3 | 4 | 5 | 5 | 7 | 7 | 8 | 4 | 6 |
| EPS | 0 | 0 | 0 | 0 | 3 | 4 | 4 | 5 | 6 | 2 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 2 | 2 | 2 | 3 | 3 | 4 | 4 | 5 | 6 | 2 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 2 | 2 | 2 | 3 | 3 | 4 | 4 | 5 | 6 | 2 | — |
Mar 2016
- 64
- 58
- Operating Profit
- 6
- OPM %
- 9
- Other Income
- 0
- Interest
- 2
- Depreciation
- 1
- 2
- Tax %
- 33
- Net Profit
- 2
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2017
- 71
- 64
- Operating Profit
- 7
- OPM %
- 10
- Other Income
- 1
- Interest
- 3
- Depreciation
- 2
- 3
- Tax %
- 33
- Net Profit
- 2
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2018
- 93
- 84
- Operating Profit
- 9
- OPM %
- 10
- Other Income
- 0
- Interest
- 3
- Depreciation
- 2
- 5
- Tax %
- 34
- Net Profit
- 3
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2019
- 112
- 103
- Operating Profit
- 10
- OPM %
- 9
- Other Income
- 1
- Interest
- 2
- Depreciation
- 2
- 6
- Tax %
- 29
- Net Profit
- 4
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
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 %
- 28
- Net Profit
- 7
- 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
- 205
- 186
- Operating Profit
- 21
- OPM %
- 10
- Other Income
- 1
- Interest
- 5
- Depreciation
- 4
- 12
- Tax %
- 31
- Net Profit
- 8
- EPS
- 6
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2025
- 214
- 200
- Operating Profit
- 17
- OPM %
- 8
- Other Income
- 2
- Interest
- 7
- Depreciation
- 5
- 5
- Tax %
- 30
- Net Profit
- 4
- 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
- 258
- 241
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 8
- Depreciation
- 5
- 8
- Tax %
- 21
- Net Profit
- 6
- 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:
- 12%
- 5 Years:
- 15%
- 3 Years:
- 8%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 8%
- 5 Years:
- -6%
- 3 Years:
- -19%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 15%
- 3 Years:
- -8%
- 1 Year:
- -18%
RETURN ON EQUITY
- 10 Years:
- 11%
- 5 Years:
- 11%
- 3 Years:
- 10%
- Last Year:
- 5%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 6 | 6 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| 10 | 12 | 20 | 24 | 29 | 35 | 41 | 49 | 57 | 61 | |
| 15 | 19 | 16 | 18 | 20 | 19 | 26 | 44 | 59 | 63 | |
| Trade Payables | 22 | 22 | 24 | 24 | 22 | 33 | 39 | 27 | 25 | 35 |
| 11 | 13 | 11 | 10 | 21 | 29 | 38 | 28 | 34 | 44 | |
| Total Liabilities | 63 | 70 | 87 | 92 | 107 | 130 | 160 | 162 | 190 | 219 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 11 | 11 | 11 | 11 | 11 | 38 | 37 | 36 | 45 | 58 | |
| Capital Work in Progress | 0 | 0 | 0 | 1 | 15 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | |
| 19 | 21 | 27 | 36 | 35 | 41 | 59 | 63 | 74 | 83 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 55 | 61 | |
| Cash & Bank | 1 | 1 | 1 | 2 | 1 | 5 | 5 | 3 | 2 | 2 |
| 32 | 38 | 47 | 42 | 46 | 47 | 58 | 60 | 14 | 15 | |
| Total Assets | 63 | 70 | 87 | 92 | 107 | 130 | 160 | 162 | 190 | 219 |
| Total Debt | 21 | 26 | 20 | 23 | 34 | 38 | 51 | 63 | 78 | 88 |
| Net Working Capital | 11 | 15 | 29 | 33 | 34 | 33 | 44 | 44 | 46 | 42 |
| Contingent Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 |
| Book Value per Share | 27.74 | 31.42 | 23.46 | 26.30 | 29.48 | 33.12 | 37.61 | 42.83 | 48.21 | 50.65 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 21 | 26 | 20 | 23 | 34 | 38 | 51 | 63 | 78 | 88 |
| Net Working Capital | 11 | 15 | 29 | 33 | 34 | 33 | 44 | 44 | 46 | 42 |
| Contingent Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 |
| Book Value per Share | 27.74 | 31.42 | 23.46 | 26.30 | 29.48 | 33.12 | 37.61 | 42.83 | 48.21 | 50.65 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2016
- Equity Capital
- 6
- 10
- 15
- Trade Payables
- 22
- 11
- Total Liabilities
- 63
- 11
- Capital Work in Progress
- 0
- 0
- 19
- 0
- Cash & Bank
- 1
- 32
- Total Assets
- 63
- Total Debt
- 21
- Net Working Capital
- 11
- Contingent Liabilities
- 0
- Book Value per Share
- 27.74
- Face Value
- 10.00
- Total Debt
- 21
- Net Working Capital
- 11
- Contingent Liabilities
- 0
- Book Value per Share
- 27.74
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 6
- 12
- 19
- Trade Payables
- 22
- 13
- Total Liabilities
- 70
- 11
- Capital Work in Progress
- 0
- 0
- 21
- 0
- Cash & Bank
- 1
- 38
- Total Assets
- 70
- Total Debt
- 26
- Net Working Capital
- 15
- Contingent Liabilities
- 0
- Book Value per Share
- 31.42
- Face Value
- 10.00
- Total Debt
- 26
- Net Working Capital
- 15
- Contingent Liabilities
- 0
- Book Value per Share
- 31.42
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 15
- 20
- 16
- Trade Payables
- 24
- 11
- Total Liabilities
- 87
- 11
- Capital Work in Progress
- 0
- 0
- 27
- 0
- Cash & Bank
- 1
- 47
- Total Assets
- 87
- Total Debt
- 20
- Net Working Capital
- 29
- Contingent Liabilities
- 0
- Book Value per Share
- 23.46
- Face Value
- 10.00
- Total Debt
- 20
- Net Working Capital
- 29
- Contingent Liabilities
- 0
- Book Value per Share
- 23.46
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 15
- 24
- 18
- Trade Payables
- 24
- 10
- Total Liabilities
- 92
- 11
- Capital Work in Progress
- 1
- 0
- 36
- 0
- Cash & Bank
- 2
- 42
- Total Assets
- 92
- Total Debt
- 23
- Net Working Capital
- 33
- Contingent Liabilities
- 0
- Book Value per Share
- 26.30
- Face Value
- 10.00
- Total Debt
- 23
- Net Working Capital
- 33
- Contingent Liabilities
- 0
- Book Value per Share
- 26.30
- Face Value
- 10.00
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
- 160
- 37
- Capital Work in Progress
- 0
- 0
- 59
- 0
- Cash & Bank
- 5
- 58
- Total Assets
- 160
- Total Debt
- 51
- Net Working Capital
- 44
- Contingent Liabilities
- 0
- Book Value per Share
- 37.61
- Face Value
- 10.00
- Total Debt
- 51
- Net Working Capital
- 44
- Contingent Liabilities
- 0
- Book Value per Share
- 37.61
- 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
- 0
- Book Value per Share
- 42.83
- Face Value
- 10.00
- Total Debt
- 63
- Net Working Capital
- 44
- Contingent Liabilities
- 0
- Book Value per Share
- 42.83
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 15
- 57
- 59
- Trade Payables
- 25
- 34
- Total Liabilities
- 190
- 45
- Capital Work in Progress
- 0
- 1
- 74
- 55
- Cash & Bank
- 2
- 14
- Total Assets
- 190
- Total Debt
- 78
- Net Working Capital
- 46
- Contingent Liabilities
- 2
- Book Value per Share
- 48.21
- Face Value
- 10.00
- Total Debt
- 78
- Net Working Capital
- 46
- Contingent Liabilities
- 2
- Book Value per Share
- 48.21
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 15
- 61
- 63
- Trade Payables
- 35
- 44
- Total Liabilities
- 219
- 58
- Capital Work in Progress
- 0
- 1
- 83
- 61
- Cash & Bank
- 2
- 15
- Total Assets
- 219
- Total Debt
- 88
- Net Working Capital
- 42
- Contingent Liabilities
- 2
- Book Value per Share
- 50.65
- Face Value
- 10.00
- Total Debt
- 88
- Net Working Capital
- 42
- Contingent Liabilities
- 2
- Book Value per Share
- 50.65
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3 | 2 | -4 | 1 | 4 | 20 | -6 | -5 | -0 | 17 | |
| Cash from Investing | -0 | -1 | -4 | -2 | -14 | -14 | -4 | -3 | -13 | -20 |
| Cash from Financing | -4 | -1 | 8 | 2 | 9 | -2 | 9 | 8 | 11 | 3 |
| -1 | -0 | 1 | 1 | -1 | 4 | -1 | -0 | -2 | -0 | |
| Free Cash Flow | 2 | 1 | -6 | -2 | -11 | 6 | -9 | -7 | -13 | -0 |
| OCF / Net Profit | 1.75 | 0.85 | -1.14 | 0.26 | 0.92 | 3.75 | -0.89 | -0.72 | -0.04 | 4.87 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -15 | -12 | -21 | -22 | -33 | -23 |
| OCF / Net Profit | 1.75 | 0.85 | -1.14 | 0.26 | 0.92 | 3.75 | -0.89 | -0.72 | -0.04 | 4.87 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -15 | -12 | -21 | -22 | -33 | -23 |
Mar 2016
- 3
- Cash from Investing
- -0
- Cash from Financing
- -4
- -1
- Free Cash Flow
- 2
- OCF / Net Profit
- 1.75
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.75
- Cumulative 5-Year FCF
- 0
Mar 2017
- 2
- Cash from Investing
- -1
- Cash from Financing
- -1
- -0
- Free Cash Flow
- 1
- OCF / Net Profit
- 0.85
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.85
- Cumulative 5-Year FCF
- 0
Mar 2018
- -4
- Cash from Investing
- -4
- Cash from Financing
- 8
- 1
- Free Cash Flow
- -6
- OCF / Net Profit
- -1.14
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.14
- Cumulative 5-Year FCF
- 0
Mar 2019
- 1
- Cash from Investing
- -2
- Cash from Financing
- 2
- 1
- Free Cash Flow
- -2
- OCF / Net Profit
- 0.26
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.26
- Cumulative 5-Year FCF
- 0
Mar 2020
- 4
- Cash from Investing
- -14
- Cash from Financing
- 9
- -1
- Free Cash Flow
- -11
- OCF / Net Profit
- 0.92
- Cumulative 5-Year FCF
- -15
- OCF / Net Profit
- 0.92
- Cumulative 5-Year FCF
- -15
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
- -12
- OCF / Net Profit
- 3.75
- Cumulative 5-Year FCF
- -12
Mar 2022
- -6
- Cash from Investing
- -4
- Cash from Financing
- 9
- -1
- Free Cash Flow
- -9
- OCF / Net Profit
- -0.89
- Cumulative 5-Year FCF
- -21
- OCF / Net Profit
- -0.89
- Cumulative 5-Year FCF
- -21
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
- -22
- OCF / Net Profit
- -0.72
- Cumulative 5-Year FCF
- -22
Mar 2024
- -0
- Cash from Investing
- -13
- Cash from Financing
- 11
- -2
- Free Cash Flow
- -13
- OCF / Net Profit
- -0.04
- Cumulative 5-Year FCF
- -33
- OCF / Net Profit
- -0.04
- Cumulative 5-Year FCF
- -33
Mar 2025
- 17
- Cash from Investing
- -20
- Cash from Financing
- 3
- -0
- Free Cash Flow
- -0
- OCF / Net Profit
- 4.87
- Cumulative 5-Year FCF
- -23
- OCF / Net Profit
- 4.87
- Cumulative 5-Year FCF
- -23
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 3.04 | 3.44 | 2.17 | 2.82 | 3.18 | 3.64 | 4.48 | 4.93 | 5.52 | 2.36 |
| Book Value (₹) | 27.74 | 31.42 | 23.46 | 26.30 | 29.48 | 33.12 | 37.61 | 42.83 | 48.21 | 50.65 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 2.67 | 3.36 | 3.28 | 3.99 | 4.28 | 5.20 | 6.51 | 7.14 | 8.10 | 5.41 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 8.10% | 9.03% | 8.58% | 7.71% | 7.74% | 8.29% | 8.29% | 7.77% | 8.52% | 6.33% |
| Net Margin % | 2.29% | 2.38% | 3.02% | 3.22% | 3.82% | 3.64% | 3.60% | 3.32% | 3.59% | 1.56% |
| ROE % | 11.59% | 11.62% | 12.39% | 11.33% | 11.42% | 11.62% | 12.68% | 12.26% | 12.14% | 4.77% |
| ROCE % | 12.67% | 13.39% | 15.34% | 14.17% | 11.42% | 12.09% | 12.77% | 11.91% | 12.41% | 7.82% |
| 2.81% | 2.84% | 4.14% | 4.72% | 4.79% | 4.59% | 4.64% | 4.59% | 4.70% | 1.73% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 134 | 154 | 135 | 112 | 116 | 102 | 91 | 83 | 82 | 93 |
| Inventory Days | 91 | 91 | 81 | 88 | 103 | 92 | 97 | 100 | 109 | 126 |
| Payable Days | 160 | 176 | 142 | 115 | 121 | 111 | 118 | 92 | 73 | 79 |
| 65 | 70 | 75 | 86 | 99 | 83 | 70 | 91 | 118 | 140 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 1.41x | 1.51x | 0.57x | 0.58x | 0.78x | 0.77x | 0.90x | 0.98x | 1.08x | 1.16x |
| Interest Coverage (x) | 2.16x | 2.12x | 2.85x | 3.52x | 4.75x | 4.30x | 4.05x | 3.33x | 3.30x | 1.70x |
| 1.28x | 1.33x | 1.61x | 1.70x | 1.71x | 1.57x | 1.57x | 1.55x | 1.47x | 1.36x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -4.87% | 11.08% | 31.45% | 20.11% | -4.91% | 25.12% | 26.89% | 18.10% | 2.87% | 4.48% |
| Operating Profit Growth % | -6.45% | 21.09% | 29.00% | 9.38% | -4.07% | 27.95% | 24.84% | 11.62% | 22.15% | -19.99% |
| Net Profit Growth % | 4.36% | 13.05% | 72.04% | 30.03% | 13.00% | 14.18% | 23.28% | 9.97% | 12.06% | -57.32% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 12.06% | -57.32% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 27.79x | 37.96x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.18x | 1.77x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 14.53x | 13.04x |
Mar 2016
- EPS (₹)
- 3.04
- Book Value (₹)
- 27.74
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.67
- Operating Margin %
- 8.10%
- Net Margin %
- 2.29%
- ROE %
- 11.59%
- ROCE %
- 12.67%
- 2.81%
- Debtor Days
- 134
- Inventory Days
- 91
- Payable Days
- 160
- 65
- Debt to Equity (x)
- 1.41x
- Interest Coverage (x)
- 2.16x
- 1.28x
- Revenue Growth %
- -4.87%
- Operating Profit Growth %
- -6.45%
- Net Profit Growth %
- 4.36%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 3.44
- Book Value (₹)
- 31.42
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.36
- Operating Margin %
- 9.03%
- Net Margin %
- 2.38%
- ROE %
- 11.62%
- ROCE %
- 13.39%
- 2.84%
- Debtor Days
- 154
- Inventory Days
- 91
- Payable Days
- 176
- 70
- Debt to Equity (x)
- 1.51x
- Interest Coverage (x)
- 2.12x
- 1.33x
- Revenue Growth %
- 11.08%
- Operating Profit Growth %
- 21.09%
- Net Profit Growth %
- 13.05%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 2.17
- Book Value (₹)
- 23.46
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.28
- Operating Margin %
- 8.58%
- Net Margin %
- 3.02%
- ROE %
- 12.39%
- ROCE %
- 15.34%
- 4.14%
- Debtor Days
- 135
- Inventory Days
- 81
- Payable Days
- 142
- 75
- Debt to Equity (x)
- 0.57x
- Interest Coverage (x)
- 2.85x
- 1.61x
- Revenue Growth %
- 31.45%
- Operating Profit Growth %
- 29.00%
- Net Profit Growth %
- 72.04%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 2.82
- Book Value (₹)
- 26.30
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.99
- Operating Margin %
- 7.71%
- Net Margin %
- 3.22%
- ROE %
- 11.33%
- ROCE %
- 14.17%
- 4.72%
- Debtor Days
- 112
- Inventory Days
- 88
- Payable Days
- 115
- 86
- Debt to Equity (x)
- 0.58x
- Interest Coverage (x)
- 3.52x
- 1.70x
- Revenue Growth %
- 20.11%
- Operating Profit Growth %
- 9.38%
- Net Profit Growth %
- 30.03%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
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 %
- 11.42%
- ROCE %
- 11.42%
- 4.79%
- Debtor Days
- 116
- Inventory Days
- 103
- Payable Days
- 121
- 99
- Debt to Equity (x)
- 0.78x
- Interest Coverage (x)
- 4.75x
- 1.71x
- Revenue Growth %
- -4.91%
- Operating Profit Growth %
- -4.07%
- Net Profit Growth %
- 13.00%
- 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 (₹)
- 4.48
- Book Value (₹)
- 37.61
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 6.51
- Operating Margin %
- 8.29%
- Net Margin %
- 3.60%
- ROE %
- 12.68%
- ROCE %
- 12.77%
- 4.64%
- Debtor Days
- 91
- Inventory Days
- 97
- Payable Days
- 118
- 70
- Debt to Equity (x)
- 0.90x
- Interest Coverage (x)
- 4.05x
- 1.57x
- Revenue Growth %
- 26.89%
- Operating Profit Growth %
- 24.84%
- Net Profit Growth %
- 23.28%
- 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 (₹)
- 42.83
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 7.14
- Operating Margin %
- 7.77%
- Net Margin %
- 3.32%
- ROE %
- 12.26%
- ROCE %
- 11.91%
- 4.59%
- Debtor Days
- 83
- Inventory Days
- 100
- Payable Days
- 92
- 91
- Debt to Equity (x)
- 0.98x
- Interest Coverage (x)
- 3.33x
- 1.55x
- Revenue Growth %
- 18.10%
- Operating Profit Growth %
- 11.62%
- Net Profit Growth %
- 9.97%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 5.52
- Book Value (₹)
- 48.21
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 8.10
- Operating Margin %
- 8.52%
- Net Margin %
- 3.59%
- ROE %
- 12.14%
- ROCE %
- 12.41%
- 4.70%
- Debtor Days
- 82
- Inventory Days
- 109
- Payable Days
- 73
- 118
- Debt to Equity (x)
- 1.08x
- Interest Coverage (x)
- 3.30x
- 1.47x
- Revenue Growth %
- 2.87%
- Operating Profit Growth %
- 22.15%
- Net Profit Growth %
- 12.06%
- 12.06%
- P/E (x)
- 27.79x
- P/B (x)
- 3.18x
- Dividend Yield %
- 0.00%
- 14.53x
Mar 2025
- EPS (₹)
- 2.36
- Book Value (₹)
- 50.65
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.41
- Operating Margin %
- 6.33%
- Net Margin %
- 1.56%
- ROE %
- 4.77%
- ROCE %
- 7.82%
- 1.73%
- Debtor Days
- 93
- Inventory Days
- 126
- Payable Days
- 79
- 140
- Debt to Equity (x)
- 1.16x
- Interest Coverage (x)
- 1.70x
- 1.36x
- Revenue Growth %
- 4.48%
- Operating Profit Growth %
- -19.99%
- Net Profit Growth %
- -57.32%
- -57.32%
- P/E (x)
- 37.96x
- P/B (x)
- 1.77x
- Dividend Yield %
- 0.00%
- 13.04x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-15 - Airo Lam limited has informed the Exchange about Copy of Newspaper Publication
- Outcome of Board Meeting
2026-08-14 - Airo Lam limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Nothing filed yet.