On 6 Nov 2026, Airo Lam was priced at ₹107.51, or 30.7× trailing earnings, against an industry P/E of 30.6×. Sales grew 6.7% a year over 3 years while net profit fell 11%; its ROCE of 14% is the second-highest among the 7 largest Furnishings, Fixtures & Appliances peers. Debt is 1.06× equity. It is a small-cap company with a market cap of ₹161 Cr, ranked 38th of 54 Furnishings, Fixtures & Appliances companies by market cap; the shares rose 4.0% over the past year.
- ₹111.90
- ₹114.80
- ₹104.30
- ₹109.37
- 46.5K
Health check
- ReturnsAhead
+4.0% over a year, better than 7 of 7 peers.
- Price tagIn line
P/E 30.7 vs industry 30.6.
- GrowthSlow
Sales +6.7%, profit −10.8% a year over 3 years.
- ProfitabilityAverage
ROCE 14.0% vs peer median 9.0%.
- Balance sheetFair
Debt 1.06× equity, interest covered 2.0×, Piotroski 7 of 9.
- Red flags3 to check
Return on equity is low at 7.0%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹161 Cr
- Small cap
- P/E
- 30.7
- Industry 30.6
- Price to book
- 2.05
- Peers 4.21
- Dividend yield
- 0.00%
- ROE
- 7.0%
- Peers 5.8%
- ROCE
- 14.0%
- Peers 9.0%
- Debt to equity
- 1.06
- Debt ₹82 Cr
- EPS (TTM)
- ₹3.50
- Face value ₹10
- OPM (TTM)
- 8.4%
- Net margin 2.2%
- Sales growth
- +3.1%
- Latest quarter vs a year ago
- Profit growth
- −88.7%
- Latest quarter vs a year ago
- Price to sales
- 0.66
- EV/EBITDA 12.4
Strengths and risks
Risks to check
- Return on equity is low at 7.0%.
- Quarterly profit down 88.7% on a year ago.
- Interest coverage of only 2.8×.
About Airo Lam
Airo Lam Limited engages in the production, processing, and marketing of decorative laminate sheets and plywood in India. The company offers decorative laminates, decorative postforming, I Lam, I lite, color code laminates, and classico products; specialty laminates, including anti fingerprint, dura gloss pro, chalk grade, marker grade, synchronized, metallic, flicker, and digital laminates; and performance laminates, such as electrostatic dissipative,…
- Headquarters
- Prantij
- Employees
- 278
- Sector
- Consumer Cyclical
- ISIN
- INE801L01010
- Website
- airolam.com
Price range
- Avg volume (3M)
- 7K
- 1-year return
- plus 4.0%
- From 52-week high
- minus 6.4%
Peers · Furnishings, Fixtures & Appliances
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VOLTASVoltas | 1,099.00 | minus 1.47% | 36,364 | 77.8 | 5.39 | 9.3% | 5.8% | 4.9% | 14.5% | 40.7% | 0.36% | minus 17.9% |
| AMBERAmber Enterprises India | 6,403.00 | minus 2.76% | 22,582 | 236.1 | 5.15 | 7.2% | 5.3% | 7.2% | 20.7% | 4.2% | 0.00% | minus 15.5% |
| CROMPTONCrompton Greaves Consumer Electricals | 215.66 | plus 4.42% | 13,887 | – | 4.59 | −1.5% | −4.4% | 10.3% | 5.6% | – | 1.39% | minus 27.1% |
| WHIRLPOOLWhirlpool of India | 826.70 | plus 0.44% | 10,493 | 41.8 | 2.52 | 9.0% | 7.2% | 6.2% | 6.4% | 10.3% | 0.60% | minus 40.1% |
| TTKPRESTIGTTK Prestige | 608.75 | plus 10.47% | 8,338 | 43.1 | 4.21 | 10.8% | 8.3% | 8.8% | 2.3% | −14.2% | 1.23% | minus 17.6% |
| CELLOCello World | 363.75 | minus 2.27% | 8,204 | 26.4 | 2.91 | 16.1% | 13.0% | 19.9% | 9.2% | 7.6% | 0.41% | minus 41.6% |
| EUREKAFORBEureka Forbes | 366.20 | plus 4.27% | 7,092 | 37.1 | 1.54 | 4.0% | 3.6% | 11.5% | 9.0% | 83.1% | 0.00% | minus 35.1% |
| AIROLAMAiro Lam | 107.51 | minus 1.70% | 161 | 30.7 | 2.05 | 14.0% | 7.0% | 8.4% | 6.7% | −10.8% | 0.00% | plus 4.0% |
| Median of 7 peers | – | 0.44% | 10,493 | 42.5 | 4.21 | 9.0% | 5.8% | 8.8% | 9.0% | 8.9% | 0.41% | −27.1% |
Quarterly results
| ₹ Cr | Mar 25 | Sep 25 | Dec 25 | Mar 26 |
|---|---|---|---|---|
| 56.2 | 61.9 | 69.8 | 57.9 | |
| 50.2 | 55.7 | 64.5 | 54.7 | |
| 6 | 6.1 | 5.2 | 3.3 | |
| 10.7% | 9.9% | 7.5% | 5.6% | |
| 0.8 | −0 | 0.2 | 0.8 | |
| 2.2 | 2 | 2.2 | 2.3 | |
| 1.2 | 1.4 | 1.3 | 1.2 | |
| 3.4 | 2.7 | 1.9 | 0.6 | |
| 17.9% | 13.6% | 25.1% | 60.4% | |
| 2.8 | 2.5 | 1.4 | 0.3 | |
| 1.85 | 1.58 | 0.96 | 0.17 |
Profit & loss
- Sales CAGR 3Y
- +6.7%
- Profit CAGR 3Y
- −10.8%
- ROE
- 7.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 199 | 206 | 210 | 242 | |
| – | +3.2% | +1.9% | +15.5% | |
| 181 | 187 | 196 | 223 | |
| 18.6 | 19.3 | 13.6 | 19.5 | |
| 9.3% | 9.4% | 6.5% | 8.0% | |
| −1.9 | −0.4 | 9,448 | −0.8 | |
| 3.6 | 4.5 | 9,452 | 6.9 | |
| 3.3 | 3.9 | 4.6 | 5 | |
| −0 | 1.1 | 0 | 0.3 | |
| 9.8 | 11.6 | 4.5 | 7 | |
| 24.3% | 32.3% | 34.6% | 25.6% | |
| 7.4 | 7.8 | 2.9 | 5.2 | |
| – | +6.0% | minus 62.9% | +80.3% | |
| 4.93 | 5.23 | 1.94 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 15 | 15 | 15 | 15 | |
| 49 | 55.5 | 58.3 | 63.6 | |
| 63.2 | 79.4 | 90.3 | 82.3 | |
| 35 | 41.9 | 50.7 | 65.6 | |
| 162 | 192 | 214 | 226 | |
| 35.9 | 44.6 | 57.7 | 55.3 | |
| 2.8 | 1.2 | 1.6 | 2 | |
| 2.6 | 1.8 | 2.2 | 1.9 | |
| 121 | 144 | 153 | 167 | |
| 162 | 192 | 214 | 226 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −5.3 | −0.6 | 14.1 | 19.4 | |
| −3.5 | −12.7 | −17.5 | −2.8 | |
| 8.4 | 11 | 3.6 | −16.7 | |
| −0.4 | −2.2 | 0.2 | −0 | |
| −1.8 | −12.7 | −17.7 | −2.7 | |
| −7.1 | −13.2 | −3.6 | 16.7 |
Shareholding pattern
- Promoters53.50%
- Public46.50%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 53.50% | 46.50% | plus 0.09 | |
| 30 Jun 2026 | 53.41% | 46.59% | 0.00 | |
| 31 Mar 2026 | 53.41% | 46.59% | 0.00 | |
| 31 Dec 2025 | 53.41% | 46.59% | plus 0.27 | |
| 30 Sep 2025 | 53.14% | 46.86% | – |
Major shareholders
Filings & events
News
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