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Airo Lam Limited (AIROLAM) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹1.4B

AL Airo Lam Limited AIROLAM · NSE
Price₹91.35
Fair Value₹80.85
Upside-11.5%
Quality50/100
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Healthy Growth
Thin margins · 2.3% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/13)
Narrow moat 37/100
Evidence: High Range ₹42.58 – ₹101.06 Share as image

Fair value as of: Aug 2, 2026

From 24 valuation models · updated 11 days ago

Share price +5.0% over the past month.

A solid business, but screening 11% overvalued on our models.

What matters now

  • A fairly wide model range (₹42.58 to ₹101.06) leaves room in how you read the outcome.
  • Our model range runs from ₹42.58 (bear) to ₹101.06 (bull), base ₹80.85. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 50/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

₹190.30 ₹22.70 Fair Value ₹80.85 Jan 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹22.70 – ₹190.30 · fair‑value band ₹42.58 – ₹101.06 · the ₹91.35 price screens above the ₹80.85 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.

Full chart & analysis →

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Analysis

Airo Lam Limited (AIROLAM) currently trades at ₹91.35, while our model-based Fair Value estimate is ₹80.85, implying the stock looks roughly 11.5% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Airo Lam Limited generated revenue of ₹2.4B at a net margin of 2.3%. Revenue grew 4.5% year over year. It earns a return on equity of 7.0%. Net debt stands at ₹804M. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹42.58 (bear case) to ₹101.06 (bull case); at ₹91.35, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 28% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at -11%, AIROLAM screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹44.59 ₹80.38 ₹132.87 80
Rev-Margin DCF ₹63.45 ₹125.16 ₹206.51 74
ROIC Compounder ₹56.16 ₹74.60 ₹96.61 72
All 24 models by family
DCF Models
FCF DCF ₹45.77 ₹87.27 ₹152.53 38
Owner Earnings ₹44.18 ₹84.54 ₹148.01 31
5Y Revenue Exit ₹63.45 ₹127.50 ₹216.35 39
5Y EBITDA Exit ₹76.67 ₹155.27 ₹255.98 41
5Y P/E Exit ₹44.34 ₹87.38 ₹137.06 38
10Y Revenue Exit ₹53.19 ₹108.64 ₹196.87 36
10Y EBITDA Exit ₹63.83 ₹127.43 ₹227.72 37
10Y P/E Exit ₹44.07 ₹81.49 ₹135.12 35
Earnings-Based
Graham-Dodd ₹24.99 ₹123.97 ₹170.99 54
Lynch FV ₹33.44 ₹47.77 ₹62.11 50
PEG = 1.0 ₹33.44 ₹47.77 ₹62.11 46
EPV ₹54.97 ₹64.11 ₹71.73 59
Multiples
P/E Multiple ₹60.64 ₹80.85 ₹101.06 63
P/S Multiple ₹46.86 ₹62.47 ₹78.09 58
P/B Multiple ₹46.86 ₹62.47 ₹78.09 55
EV/EBIT ₹117.28 ₹160.41 ₹203.53 53
EV/EBITDA ₹104.05 ₹142.76 ₹181.47 54
EV/Revenue ₹75.12 ₹112.49 ₹149.87 43
Asset-Based
NCAV (Graham) ₹26.19 ₹35.09 ₹52.38 50
Growth DCF
Growth DCF ₹44.59 ₹80.38 ₹132.87 80
Rev-Margin DCF ₹63.45 ₹125.16 ₹206.51 74
Economic Profit
Residual Income ₹39.91 ₹40.98 ₹40.78 61
ROIC Compounder ₹56.16 ₹74.60 ₹96.61 72
Growth Earnings
Growth-Adj P/E ₹52.60 ₹75.14 ₹97.69 68

Widest divergence: DCF Models (₹87.38) versus Asset-Based (₹35.09). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹2.4B
Revenue growth (YoY) +4.5%
Net margin 2.3%
Return on equity 7.0%
Free cash flow ₹80.0M FY2026
P/E ratio 52.8
More key figures
Operating margin 4.9%
EPS (TTM) ₹1.80
EPS growth (YoY) -90.8%
Net debt ₹804M FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 49 · Market factors (momentum, volatility) 44

Profitability 43
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 34
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 46
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Airo Lam Limited engages in the production, processing, and marketing of decorative laminate sheets and plywood boards in India.

Full 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 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, fire retardant, chemical resistant, and magnetic laminates. It also provides exterior and interior wall cladding, and restroom and cubicle laminates; plywood, blockboards, and flush door airoply products; gloss and matte acrylic panels; and matte finish products. The company sells its products through a network of distributors and dealers. It exports its products to Singapore, Malaysia, the United States, the United Kingdom, Kuwait, Bangladesh, Saudi Arabia, Sri Lanka, Thailand, Qatar, the United Arab Emirates, Syria, Iran, Egypt, Nepal, and Vietnam. Airo Lam Limited was incorporated in 2007 and is based in Prantij, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Airo Lam Limited reported revenue of ₹2.4B in FY2026 versus ₹1.7B in FY2022, a compound +9.5%/yr. Reported net income was ₹55.1M in FY2026, compounding −4.0%/yr from FY2022.

Growth Quality 83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹2.4B
Latest YoY
+13.5%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.8%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.8%
Avg. growth/yr (13Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.1%
Revenue +9.5%/yr
FY22 ₹1.7B
FY23 ₹2.0B
FY24 ₹2.1B
FY25 ₹2.1B
FY26 ₹2.4B
Net income −4.0%/yr
FY22 ₹64.9M
FY23 ₹74.0M
FY24 ₹78.4M
FY25 ₹27.0M
FY26 ₹55.1M
Character of growth · EPS growth decomposed (2015-2026) +13.2 % p.a.
Revenue per share +13.9 pp

of which total revenue +14.1 pp · buybacks/dilution −0.2 pp

EBIT margin +5.8 pp
Tax rate +0.4 pp
Residual (interest, one-offs) −6.9 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

AIROLAM screens 11% overvalued. Compare with Midea Group →

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Cite: Fair Value Calculator (2026). "Airo Lam Limited Fair Value". https://www.fairvalue-calculator.com/stock/AIROLAM

Peer Group

Furnishings, Fixtures & Appliances · 317 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 50 · Below median
Fair Value upside −12% · Below median
Return on equity (TTM) 7% · Above median
Return on assets 4% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 5% · Above median
Revenue growth 5% · Above median
Debt / equity 0.26× · Higher than 75% of peers

Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper

P/E (TTM) 52.8× · Pricier than 75% of peers
P/B 1.82× · Pricier than median
P/S (TTM) 0.59× · Cheaper than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 7.8× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 18 · sector 19
FUTURE 23 · sector 0
PAST 28 · sector 18
HEALTH 87 · sector 97
DIVIDEND 0 · sector 49

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥82.71 ¥107.22 +30%
Gree Electric Appliances, Inc 000651 ¥38.25 ¥88.02 +130%
Haier Smart Home Co 600690 ¥21.46 ¥36.04 +68%
King Slide Works Co 2059 8,655 TWD 1,917 TWD -78%
Guangdong Songfa Ceramics Co 603268 ¥155.59 ¥38.95 -75%
SharkNinja, Inc SN $154.53 $89.07 -42%
Hisense Home Appliances Group 000921 ¥27.25 ¥50.62 +86%
Ecovacs Robotics Co 603486 ¥58.97 ¥54.14 -8%
Zhejiang Supor Co 002032 ¥41.68 ¥44.84 +8%
COWAY Co 021240 96,700 KRW 112,530 KRW +16%

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Frequently asked questions

Is Airo Lam Limited (AIROLAM) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹80.85 versus a price of ₹91.35, about −11% (overvalued).
What is the fair value of AIROLAM?
Our model-based fair value for Airo Lam Limited is ₹80.85 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹91.35.
What is the quality score of AIROLAM?
Airo Lam Limited has a Quality Score of 50/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Airo Lam Limited (AIROLAM)?
Airo Lam Limited reported trailing-twelve-month revenue of about ₹2.4B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of AIROLAM?
The net profit margin of Airo Lam Limited is about 2.3%, meaning it keeps roughly 2.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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