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Airo Lam Ltd. (AIROLAM) AI Stock Analysis

IN:AIROLAM

Airo Lam Ltd.

(NSE:AIROLAM)

Select Model
Rating:58Neutral
Price Target:INR 86.00▲(4.24% Upside)
Action:reiterated
Date:09/25/26

The overall score reflects a company in gradual recovery, supported by revenue growth and an improved balance sheet. However, compressed margins, modest profitability, and a neutral technical picture limit upside. The valuation appears slightly stretched given current earnings, contributing to a cautious outlook.

Positive Factors
Consistent Revenue GrowthConsistent revenue growth indicates continued demand for the company’s laminate and surfacing products across interior applications. A growing top line can support operating scale, strengthen channel presence, and provide a durable base for improving profitability over the next several quarters.
Negative Factors
Elevated LeverageDebt exceeding equity increases the company’s sensitivity to demand slowdowns and margin pressure, particularly in a cyclical building-materials environment. Higher leverage can also constrain capital allocation, raise financing demands, and make future downturns more difficult to absorb.

Airo Lam Ltd. (AIROLAM) vs. iShares MSCI India ETF (INDA)

-25%-20%-15%-10%-5%0%5%IN:AIROLAM-21.17%INDA-12.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 1.28B
Dividend Yield
―
Average Volume (3M)
3,598
Price to Earnings (P/E)
23.1
Beta (1Y)
0.74
Revenue Growth
13.53%
EPS Growth
103.89%
Country
India
Employees
278
Sector
General
Sector Strength
55
Industry
Paper, Lumber & Forest Products

Airo Lam Ltd. Business Overview & Revenue Model

Company Description

Airo Lam Limited engages in the production, processing, and marketing of decorative laminate sheets and plywood boards in India. The company offers decorative laminates, decorative postforming, I Lam, I lite, color code laminates, and classico produc...

Airo Lam Ltd. Financial Statement Overview

Summary

Revenue growth of 7.8% and a strengthened balance sheet with reduced debt-to-equity (1.05) are positives. However, gross margin compression to 25.5% and a modest net margin of 2.3% weigh on profitability. Cash flow turned positive, but historical volatility tempers the score.

Income Statement

55Neutral

Balance Sheet

65Positive

Cash Flow

60Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue2.43B2.43B2.14B2.06B1.99B1.69B
Gross Profit664.43M618.97M571.49M588.58M670.01M556.30M
EBITDA197.39M193.59M160.99M200.09M172.86M152.49M
Net Income54.52M55.13M27.03M78.43M73.95M64.87M
Balance Sheet
Total Assets2.26B2.26B2.16B1.92B1.62B1.59B
Cash, Cash Equivalents and Short-Term Investments18.94M18.94M21.82M17.80M25.59M45.52M
Total Debt822.85M822.85M902.84M794.25M632.04M505.69M
Total Liabilities1.49B1.49B1.44B1.22B981.56M1.03B
Stockholders Equity785.76M785.76M733.10M704.69M640.13M562.42M
Cash Flow
Free Cash Flow54.31M79.96M-110.28M-132.24M68.29M-97.19M
Operating Cash Flow63.04M107.15M66.51M-5.58M86.57M-68.05M
Investing Cash Flow-8.62M-27.51M-175.21M-126.70M-48.88M-31.55M
Financing Cash Flow-52.45M-80.00M36.28M109.98M84.40M97.36M

Airo Lam Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price82.50

Price Trends

50DMA87.57Negative
100DMA88.35Negative
200DMA88.18Negative

Market Momentum

MACD-1.21Positive
RSI40.65Neutral
STOCH12.39Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AIROLAM, the sentiment is Negative. The current price of 82.50 is below the 20-day moving average (MA) of 86.85, below the 50-day MA of 87.57, and below the 200-day MA of 88.18, indicating a bearish trend. The MACD of -1.21 indicates Positive momentum. The RSI at 40.65 is Neutral, neither overbought nor oversold. The STOCH value of 12.39 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:AIROLAM.

Airo Lam Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:AIROLAM against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:SHREYANINDIN:SHREYANIND63NeutralINR 1.76B-12.49―1.19%-0.87%-126.04%
IN:AIROLAMIN:AIROLAM58NeutralINR 1.24B23.08――13.53%103.89%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:ARCHIDPLYIN:ARCHIDPLY53NeutralINR 1.84B14.18――20.53%―
IN:CENTURYPLYIN:CENTURYPLY52NeutralINR 140.45B48.54―0.16%23.39%43.60%
IN:WIPLIN:WIPL49NeutralINR 1.39B1021.06―0.61%-3.07%-103.41%
IN:GREENPANELIN:GREENPANEL45NeutralINR 16.19B240.54―0.38%11.58%-69.11%

* General Sector Average

Performance Comparison

-40%-20%0%IN:AIROLAMIN:ARCHIDPLYIN:CENTURYPLYIN:GREENPANELIN:SHREYANINDIN:WIPLDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:AIROLAM and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:AIROLAMAiro Lam Ltd.82.87-20.37-19.73%
IN:ARCHIDPLYArchidply Industries Limited92.85-5.24-5.34%
IN:CENTURYPLYCentury Plyboards (India) Ltd.632.15-121.83-16.16%
IN:GREENPANELGreenpanel Industries Ltd132.05-147.02-52.68%
IN:SHREYANINDShreyans Industries Limited127.00-92.62-42.17%
IN:WIPLWestern India Plywoods Ltd.163.37-8.44-4.91%

Airo Lam Ltd. Corporate Events

Airo Lam Sets Book Closure Ahead of 19th Annual Meeting

Sep 2, 2026

Airo Lam Ltd. has announced that its Register of Members and Share Transfer Books will be closed from September 22 to September 28, 2026. The closure is to facilitate the conduct of the company’s 19th Annual General Meeting scheduled for Septem...

Airo Lam Sets September 28 Date for Nineteenth AGM in Gujarat

Sep 2, 2026

Airo Lam Ltd. has scheduled its Nineteenth Annual General Meeting to be held at its registered office in Dalpur, Prantij, Gujarat, on September 28, 2026, at 3:00 p.m. The meeting will consider adoption of the audited standalone and consolidated finan...

Airo Lam Publishes 2025-26 Annual Report Online Ahead of 19th AGM

Sep 2, 2026

Airo Lam Limited has notified the stock exchange and its shareholders that the Annual Report for the financial year 2025-26, including the notice of its 19th Annual General Meeting, is now available online. The AGM will be held on September 28, 2026,...

Airo Lam Publishes June-Quarter Unaudited Results and Flags TDS, Loan Issues

Aug 15, 2026

Airo Lam Ltd. has published its standalone and consolidated unaudited financial results for the quarter ended 30 June 2026 in Business Standard and Jaihind, in line with securities listing regulations. The company reported quarterly income from opera...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 25, 2026