Airo Lam Ltd

Airo Lam Ltd

₹ 139 0.19%
03 Jul 3:41 p.m.
About

Incorporated in 2008, Airolam Ltd is in
the business of production, processing
and marketing of decorative laminate
and plywood[1]

Key Points

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

  • Market Cap 209 Cr.
  • Current Price 139
  • High / Low 197 / 85.6
  • Stock P/E 25.2
  • Book Value 48.2
  • Dividend Yield 0.00 %
  • ROCE 13.0 %
  • ROE 12.1 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 2.90 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 12.3% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
38.87 48.76 53.91 45.81 47.66 52.21 48.81 49.61 56.27 50.67
35.88 44.44 49.41 42.99 43.82 46.67 43.22 45.44 51.06 45.81
Operating Profit 2.99 4.32 4.50 2.82 3.84 5.54 5.59 4.17 5.21 4.86
OPM % 7.69% 8.86% 8.35% 6.16% 8.06% 10.61% 11.45% 8.41% 9.26% 9.59%
1.18 0.00 0.00 0.51 0.29 -0.23 0.00 0.58 0.07 0.63
Interest 0.81 1.15 0.65 1.09 1.04 1.41 1.12 1.22 1.23 1.65
Depreciation 0.77 0.79 0.82 0.83 0.84 0.84 0.84 0.85 0.87 1.30
Profit before tax 2.59 2.38 3.03 1.41 2.25 3.06 3.63 2.68 3.18 2.54
Tax % 27.03% 21.43% 27.06% 26.95% 25.33% 20.26% 27.55% 33.96% 35.53% 27.95%
1.89 1.88 2.21 1.04 1.69 2.45 2.64 1.77 2.05 1.84
EPS in Rs 1.26 1.25 1.47 0.69 1.13 1.63 1.76 1.18 1.37 1.23
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
55 63 67 63 70 93 111 105 133 168 198 205
49 58 61 58 64 84 101 97 121 153 181 186
Operating Profit 6 6 6 6 7 9 9 9 12 15 17 20
OPM % 11% 9% 9% 9% 9% 10% 8% 8% 9% 9% 8% 10%
0 0 0 0 1 0 1 1 1 1 1 1
Interest 2 2 3 2 3 3 2 2 2 3 4 5
Depreciation 2 2 1 1 2 2 2 2 2 3 3 4
Profit before tax 2 2 2 2 3 5 6 6 8 9 10 12
Tax % 32% 32% 32% 33% 33% 34% 29% 25% 29% 28% 24% 31%
1 1 2 2 2 3 4 5 5 7 7 8
EPS in Rs 2.60 2.69 2.91 3.04 3.44 2.17 2.82 3.19 3.64 4.49 4.93 5.53
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: 13%
3 Years: 16%
TTM: 4%
Compounded Profit Growth
10 Years: 19%
5 Years: 14%
3 Years: 15%
TTM: 12%
Stock Price CAGR
10 Years: %
5 Years: 34%
3 Years: 59%
1 Year: 56%
Return on Equity
10 Years: 12%
5 Years: 12%
3 Years: 12%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 6 6 6 6 6 15 15 15 15 15 15 15
Reserves 5 6 8 10 12 20 24 29 35 41 49 57
15 18 23 21 26 20 23 34 38 51 51 79
15 18 20 26 27 32 30 29 42 53 48 39
Total Liabilities 40 49 56 63 70 87 92 107 130 160 162 190
11 12 12 11 11 11 11 11 38 37 36 45
CWIP 0 0 0 0 0 0 1 15 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 1 1
29 36 44 51 60 76 80 82 92 122 126 145
Total Assets 40 49 56 63 70 87 92 107 130 160 162 190

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
6 2 0 3 2 -4 1 4 20 -6 9 -0
-1 -3 -1 -0 -1 -4 -2 -14 -14 -4 -5 -13
-5 1 2 -4 -1 8 2 9 -2 9 -4 11
Net Cash Flow -0 -0 2 -1 -0 1 1 -1 4 -1 -0 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 92 97 127 176 191 170 123 146 114 113 91 98
Inventory Days 127 138 129 154 168 168 172 181 165 194 175 210
Days Payable 101 122 123 181 175 149 115 115 132 129 84 70
Cash Conversion Cycle 117 112 133 148 183 189 180 212 146 178 182 238
Working Capital Days 98 104 126 146 155 168 161 178 130 149 143 194
ROCE % 17% 16% 15% 13% 13% 15% 14% 11% 12% 13% 13%

Shareholding Pattern

Numbers in percentages

Mar 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.23% 52.23% 52.25% 52.25% 52.45% 52.48% 52.48% 52.49% 52.73% 53.01% 53.01% 53.02%
47.78% 47.78% 47.75% 47.75% 47.55% 47.51% 47.52% 47.51% 47.27% 46.99% 46.99% 46.98%
No. of Shareholders 5374811,6072,4282,5073,5054,4024,1254,1613,8213,5504,613

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