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Airo Lam (AIROLAM)₹106.20−7.43%Plywood Boards/ Laminates
In the Mar 2026 quarter (consolidated), Airo Lam reported sales of ₹57.78 Cr, up 3.1% from Mar 2025, and net profit of ₹0.24 Cr, down 91.3% year on year. For the year to Mar 2026, sales were ₹242 Cr and net profit ₹4.98 Cr.
Company filings, consolidated accounts; latest reported quarter Mar 2026
| 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 | 48.52 | 49.81 | 56.74 | 50.84 | 52.18 | 51.65 | 53.88 | 56.05 | 53.51 | 61.71 | 69.57 | 57.78 |
| Expenses | 43.25 | 45.90 | 51.82 | 46.26 | 47.76 | 33.61 | 50.68 | 50.19 | 48.93 | 55.75 | 64.65 | 54.63 |
| Operating Profit | 5.42 | 4.07 | 5.07 | 4.71 | 4.52 | 18.25 | 3.40 | 6.01 | 4.77 | 6.14 | 5.23 | 3.29 |
| OPM % | 11.1% | 8.1% | 8.8% | 9.2% | 8.6% | 35.1% | 6.3% | 10.6% | 8.8% | 9.8% | 7.4% | 5.6% |
| Other Income | 0.16 | 0.57 | 0.06 | 0.62 | 1.56 | −0.05 | 0.21 | 0.80 | 0.38 | 0.00 | 0.17 | 0.76 |
| Interest | 1.13 | 1.23 | 1.24 | 1.66 | 1.93 | 0.32 | 1.03 | 2.25 | 2.20 | 1.99 | 2.24 | 2.27 |
| Depreciation | 0.85 | 0.86 | 0.89 | 1.32 | 1.05 | 21.53 | 1.23 | 1.18 | 1.16 | 1.39 | 1.30 | 1.17 |
| Profit before tax | 3.61 | 2.56 | 3.01 | 2.36 | 3.11 | −3.62 | 1.36 | 3.38 | 1.80 | 2.74 | 1.86 | 0.62 |
| Tax % | 27.7% | 35.5% | 37.5% | 30.0% | 33.4% | −10.7% | 20.5% | 18.1% | 32.1% | 13.5% | 25.2% | 60.4% |
| Net Profit | 2.61 | 1.65 | 1.87 | 1.66 | 2.06 | −3.23 | 1.08 | 2.77 | 1.22 | 2.36 | 1.39 | 0.24 |
| EPS (Rs) | 1.76 | 1.12 | 1.26 | 1.12 | 1.40 | −2.17 | 0.69 | 1.88 | 0.85 | 1.63 | 0.98 | 0.22 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 105 | 133 | 168 | 197 | 205 | 211 | 242 | 243 |
| Expenses | 97.13 | 121 | 154 | 181 | 185 | 197 | 224 | 224 |
| Operating Profit | 9.02 | 12.02 | 14.04 | 17.04 | 19.04 | 14.04 | 19.05 | 19.43 |
| OPM % | 8.0% | 8.9% | 8.0% | 8.0% | 8.9% | 6.0% | 7.9% | 8.0% |
| Other Income | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 2.99 | 0.99 | 1.31 |
| Interest | 2.01 | 2.01 | 3.01 | 4.01 | 5.01 | 7.01 | 9.01 | 8.70 |
| Depreciation | 2.01 | 2.01 | 3.01 | 3.01 | 4.01 | 5.01 | 5.02 | 5.02 |
| Profit before tax | 5.98 | 7.97 | 8.97 | 9.96 | 11.96 | 3.98 | 6.97 | 7.02 |
| Tax % | 25.1% | 29.1% | 28.1% | 24.1% | 32.1% | 36.1% | 26.1% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 4.98 | 4.98 | 6.98 | 6.97 | 7.97 | 2.99 | 4.98 | 5.21 |
| EPS (Rs) | 3.20 | 3.65 | 4.38 | 4.94 | 5.24 | 1.81 | 3.68 | 3.68 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 15.00 | 14.99 | 15.01 | 15.01 | 15.03 | 15.03 | 15.03 |
| Reserves | 28.97 | 34.97 | 41.00 | 49.03 | 55.10 | 58.08 | 64.09 |
| Borrowings | 34.07 | 38.09 | 51.12 | 63.18 | 79.25 | 90.28 | 82.25 |
| Other Liabilities | 29.14 | 42.20 | 53.26 | 35.17 | 42.20 | 53.25 | 66.32 |
| Total Liabilities | 107 | 130 | 159 | 162 | 193 | 217 | 227 |
| Fixed Assets | 11.01 | 38.04 | 37.03 | 36.01 | 45.02 | 58.05 | 55.07 |
| CWIP | 14.94 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 1.01 | 0.00 | 0.00 | 0.00 |
| Other Assets | 82.23 | 92.21 | 122 | 126 | 148 | 159 | 172 |
| Inventories | 35.09 | 41.15 | 59.14 | 63.17 | 76.27 | 85.26 | 88.26 |
| Trade receivables | 41.85 | 40.89 | 51.87 | 48.87 | 54.86 | 57.79 | 67.77 |
| Cash & equivalents | 1.01 | 5.01 | 5.01 | 3.01 | 2.01 | 2.01 | 2.01 |
| Total Assets | 107 | 130 | 159 | 162 | 193 | 217 | 227 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 4.01 | 20.03 | −7.01 | −5.01 | −1.01 | 14.02 | 19.01 |
| Cash from investing activity | −14.02 | −14.04 | −3.01 | −3.01 | −13.02 | −18.03 | −3.01 |
| Cash from financing activity | 8.96 | −1.99 | 9.97 | 7.97 | 10.96 | 3.98 | −16.94 |
| Net cash flow | −0.99 | 3.99 | 0.00 | 0.00 | −1.99 | 0.00 | 0.00 |
| Capex | 15.39 | 29.02 | 2.92 | 1.84 | 12.70 | 17.72 | 2.73 |
| Free cash flow | −10.98 | 5.99 | −9.98 | −6.99 | −12.97 | −3.99 | 16.96 |
| CFO / OP % | 63.0% | 192.0% | −40.0% | −25.1% | 12.9% | 113.0% | 105.9% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 145 | 113 | 112 | 90 | 97 | 100 | 101 |
| Inventory days | 181 | 165 | 193 | 175 | 212 | 224 | 198 |
| Days payable | 114 | 131 | 127 | 63 | 78 | 90 | 109 |
| Cash conversion cycle | 213 | 147 | 178 | 203 | 233 | 235 | 191 |
| Working capital days | 112 | 77 | 85 | 75 | 75 | 65 | 59 |
| ROCE % | — | 12.0% | 13.0% | 12.0% | 12.0% | 7.0% | 10.0% |
For the Mar 2026 quarter, Airo Lam reported sales of ₹57.78 Cr, up 3.1% year on year and net profit of ₹0.24 Cr, down 91.3% year on year. The operating margin was 5.6%.
Airo Lam's sales for the year to Mar 2026 were ₹242 Cr; over the last twelve months they were ₹243 Cr.
Net profit for the year to Mar 2026 was ₹4.98 Cr, and ₹5.21 Cr over the last twelve months. Earnings per share over the same trailing period were ₹3.68.
Airo Lam reported borrowings of ₹82.25 Cr at Mar 2026, against cash and equivalents of ₹2.01 Cr.
Cash from operations was ₹19.01 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹16.96 Cr.