Price
Financials
Consolidated, Rs crore| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 48.64 | 49.95 | 56.86 | 50.92 | 52.28 | 51.79 | 53.99 | 56.17 | 53.68 | 61.85 | 69.76 | 57.92 |
| Expenses | 43.23 | 45.89 | 51.80 | 46.22 | 47.77 | 33.57 | 50.60 | 50.18 | 48.92 | 55.73 | 64.55 | 54.64 |
| Operating Profit | 5.41 | 4.06 | 5.06 | 4.70 | 4.51 | 18.22 | 3.39 | 5.99 | 4.76 | 6.12 | 5.21 | 3.28 |
| OPM % | 11.12% | 8.13% | 8.90% | 9.23% | 8.63% | 35.18% | 6.28% | 10.66% | 8.87% | 9.89% | 7.47% | 5.66% |
| Other Income | 0.17 | 0.58 | 0.07 | 0.63 | 1.57 | -0.06 | 0.22 | 0.81 | 0.39 | -0.01 | 0.18 | 0.77 |
| Interest | 1.12 | 1.22 | 1.23 | 1.65 | 1.92 | 0.31 | 1.02 | 2.24 | 2.19 | 1.98 | 2.23 | 2.26 |
| Depreciation | 0.84 | 0.85 | 0.88 | 1.31 | 1.04 | 21.48 | 1.22 | 1.17 | 1.15 | 1.38 | 1.29 | 1.16 |
| Profit before tax | 3.62 | 2.57 | 3.02 | 2.37 | 3.12 | -3.63 | 1.37 | 3.39 | 1.81 | 2.75 | 1.87 | 0.63 |
| Tax % | 27.62% | 35.41% | 37.42% | 29.96% | 33.33% | -10.74% | 20.44% | 17.99% | 32.04% | 13.45% | 25.13% | 60.32% |
| Net Profit | 2.62 | 1.66 | 1.88 | 1.67 | 2.07 | -3.24 | 1.09 | 2.78 | 1.23 | 2.37 | 1.40 | 0.25 |
| EPS in Rs | 1.75 | 1.11 | 1.25 | 1.11 | 1.41 | -2.16 | 0.70 | 1.87 | 0.86 | 1.64 | 0.97 | 0.21 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 105 | 133 | 168 | 198 | 205 | 211 | 243 |
| Expenses | 97 | 121 | 154 | 181 | 185 | 197 | 224 |
| Operating Profit | 9 | 12 | 14 | 17 | 19 | 14 | 19 |
| OPM % | 8% | 9% | 8% | 8% | 9% | 7% | 8% |
| Other Income | 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% | 35% | 26% |
| Net Profit | 5 | 5 | 7 | 7 | 8 | 3 | 5 |
| EPS in Rs | 3.19 | 3.64 | 4.37 | 4.93 | 5.23 | 1.94 | 3.50 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 13% | 7% | 15% | ||
| Compounded Profit Growth | % | -1% | -11% | 81% | ||
| Stock Price CAGR | % | 7% | -7% | -19% | ||
| Return on Equity | % | 9% | 7% | 7% |
| 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 |
| Borrowings | 34 | 38 | 51 | 63 | 79 | 90 | 82 |
| Other Liabilities | 29 | 42 | 53 | 35 | 42 | 51 | 66 |
| Total Liabilities | 107 | 130 | 159 | 162 | 192 | 214 | 226 |
| Fixed Assets | 11 | 38 | 37 | 36 | 45 | 58 | 55 |
| CWIP | 15 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Other Assets | 82 | 92 | 122 | 126 | 147 | 156 | 171 |
| Total Assets | 107 | 130 | 159 | 162 | 192 | 214 | 226 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 4 | 20 | -7 | -5 | -1 | 14 | 19 |
| Cash from Investing Activity | -14 | -14 | -3 | -3 | -13 | -18 | -3 |
| Cash from Financing Activity | 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% | 103% |
| 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% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 53.01% | 53.01% | 53.02% | 53.02% | 53.03% | 49.46% | 53.14% | 53.14% | 53.14% | 53.41% | 53.41% | 53.41% |
| Public | 46.99% | 46.99% | 46.98% | 46.98% | 46.97% | 50.54% | 46.86% | 46.86% | 46.86% | 46.59% | 46.59% | 46.59% |
| No. of Shareholders | 3,821 | 3,550 | 4,613 | 4,424 | 4,334 | 4,829 | 4,607 | 4,763 | 4,605 | 4,406 | 4,251 | 4,276 |
Fundamentals
Market Cap₹ 134 Cr.
Current Price₹ 89.1
Stock P/E25.4
Book Value₹ 52.4
ROCE9.76 %
ROE6.93 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)15%
Compounded Profit Growth (TTM)81%
Consolidated figures.
Valuation
Market capRs 134 Cr
Enterprise valueRs 195 Cr
P/E (TTM)24.35x
Price to book2.10x
Price to sales0.55x
EV / EBITDA9.42x
EV / EBIT12.41x
EV / sales0.80x
Earnings yield4.11%
P/E, 3-year average12.11x
P/B, 3-year average1.39x
Profitability
Operating margin (excl. other income)8.37%
Operating margin (incl. other income)8.72%
EBITDA margin8.51%
Pre-tax margin2.90%
Net profit margin2.27%
Net margin, latest quarter0.55%
ROE12.31%
ROCE11.93%
ROA4.60%
ROE, 3-year average12.11%
ROCE, 3-year average12.19%
ROA, 3-year average4.57%
ROIC (approx.)9.54%
Tax rate24.36%
Other income / net worth1.09%
Growth
Sales growth (latest year)18.14%
Profit growth (latest year)12.80%
Sales CAGR, 3 years23.43%
Profit CAGR, 3 years15.68%
Sales growth QoQ-16.97%
Profit growth QoQ-77.93%
Sales growth YoY (latest quarter)3.12%
Profit growth YoY (latest quarter)-88.57%
Per share
EPS (TTM)Rs 3.68
EPS (latest year)Rs 4.93
EPS (latest quarter)Rs 0.21
EPS, 3-year averageRs 4.32
Book value per shareRs 42.67
Sales per shareRs 162.12
Cash flow per shareRs -3.55
Free cash flow per shareRs 11.33
Efficiency
Asset turnover1.22x
Fixed asset turnover5.52x
Inventory turnover2.31x
Inventory days158 days
Debtor days91 days
Debtors turnover4.02x
Creditor days110 days
Cash conversion cycle190 days
Working capital days60 days
Leverage
Total debtRs 63 Cr
Cash and bankRs 3 Cr
Net debtRs 61 Cr
Debt to equity0.99x
Net debt / EBITDA2.93x
Interest coverage1.82x
Owners' fund to total sources39.47%
Debt to assets38.97%
Cash flow
Cash from Operating Activity (latest year)Rs -5 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Cash from Financing Activity (latest year)Rs 8 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 17 Cr
FCFE (approx.: FCF + change in debt)Rs 30 Cr
Cash from ops / profit, 5 years0.67x
Statement figures
Net sales (TTM)Rs 243 Cr
Net sales (latest year)Rs 198 Cr
Sales (latest quarter)Rs 58 Cr
Operating profit excl. other income (latest year)Rs 17 Cr
Operating profit (latest quarter)Rs 3 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 21 Cr
PBDT (TTM)Rs 12 Cr
Profit before tax (TTM)Rs 7 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 6 Cr
Net profit (latest year)Rs 7 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 5 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 9 Cr
Cost of goods sold (latest year)Rs 145 Cr
Total expenditure (latest year)Rs 181 Cr
Total income (latest year)Rs 199 Cr
Share capitalRs 15 Cr
ReservesRs 49 Cr
Shareholders' fundsRs 64 Cr
Total assetsRs 162 Cr
Net blockRs 36 Cr
InvestmentsRs 1 Cr
ReceivablesRs 49 Cr
InventoryRs 63 Cr
Other liabilitiesRs 35 Cr
Shares outstanding (crore)1.50
Ownership
Promoter holding53.41% (+0.27 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 24.4 is at the 22th percentile of its own 3.4-year range
(median 37.2, low 15.6, high 95.2).
P/B 2.10 is at the 5th percentile (median 3.07).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | AIROLAM | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +1.4% | -2.8% | +4.2 pts |
| 1 month | +3.3% | -6.8% | +10.1 pts |
| 3 months | -3.0% | -7.6% | +4.6 pts |
| 6 months | +7.9% | +0.4% | +7.5 pts |
| 1 year | -17.5% | -9.9% | -7.5 pts |
| 2 years | -32.2% | -13.6% | -18.6 pts |
| 3 years | -19.4% | +14.2% | -33.6 pts |
| 5 years | +32.8% | +27.9% | +4.9 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was 43% of net profit over the last 3 years |
| look | Auditor change Auditor change 2026-07-21: Airo Lam limited has informed the Exchange regarding Change in Auditors of the company. |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Insider trades
NSE insider and takeover-code disclosures| Date | Who | Role | Side | Shares | Value | How |
|---|---|---|---|---|---|---|
| 2026-09-23 | Sureshbhai Hansarajbhai Patel | Promoter group | buy | 3,003 | SAST Open Market |
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.
Latest quarter
Mar 2026Sales ₹58 Cr +3.1% vs Mar 2025.
Net profit ₹0 Cr -91.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Century Plyboards (India) Ltd | 14,774 | 49.8 | 11.5 % |
| Stylam Industries Ltd | 5,655 | 33.4 | 26.6 % |
| Greenlam Industries Ltd | 5,496 | 59.6 | 8.12 % |
| Greenply Industries Ltd | 3,500 | 31.3 | 14.3 % |
| Greenpanel Industries Ltd | 1,947 | 290 | -0.40 % |
| Rushil Decor Ltd | 472 | 19.8 | 4.68 % |
| Archidply Industries Ltd | 200 | 14.5 | 10.2 % |
| Ecoboard Industries Ltd | 160 | -43.0 % | |
| Western India Plywoods Ltd | 139 | 4.04 % | |
| Duroply Industries Ltd | 110 | 81.2 | 7.73 % |
| Sylvan Plyboard (India) Ltd | 101 | 14.2 | 9.83 % |
| Manilam Industries India Ltd | 87 | 42.6 | 8.47 % |
| Milton Industries Ltd | 60 | 33.1 | 5.98 % |
| Lamosaic India Ltd | 52 | 31.7 | 4.52 % |
| Archidply Decor Ltd | 38 | 764 | 2.45 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-08-27 | Annual General Meeting | |
| 2023-09-22 | Annual General Meeting | |
| 2022-09-19 | Annual General Meeting |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 days
Quick answers
What is the market cap of Airo Lam Ltd?
Airo Lam Ltd (AIROLAM) has a market capitalisation of Rs 134 Cr. at the 2026-10-01 close.
What is the P/E ratio of Airo Lam Ltd?
Airo Lam Ltd trades at a P/E of 25.4 on trailing twelve-month profit, at the 2026-10-01 close.
What were Airo Lam Ltd's latest quarterly results?
In the Mar 2026 quarter, Airo Lam Ltd sales was Rs 58 Cr (+3.1% vs Mar 2025) and net profit was Rs 0 Cr.
What is the 52-week high and low of Airo Lam Ltd?
The 52-week high is Rs 117.50 and the 52-week low is Rs 78.00.