Mallcom (India) Ltd. (MALLCOM) AI Stock Analysis

• Market Cap: ₹6.74B
• Dividend Yield: 0.25%
• Average Volume (3M): 770.00
• Price to Earnings (P/E): 18.5
• Beta (1Y): 1.34
• Revenue Growth: 15.06%
• EPS Growth: 40.56%
• Country: IN
• Employees: 309
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Security & Protection Services
• EPS (TTM): 16.27
• Shares Outstanding: 6,240,000
• 10 Day Avg. Volume: 1,217
• 30 Day Avg. Volume: 770
• PEG Ratio: 0.23
• Price to Book (P/B): 2.55
• Price to Sales (P/S): 1.62
• P/FCF Ratio: -9.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 85.6
• Revenue Forecast (FY): ₹5.72B

• Rating: 71 Outperform
• Price Target: ₹1,102.00 ▼(-6.89% Downside)
• Action: Upgraded Date: 01/29/26
• Date: Action: Upgraded 01/29/26

The score is primarily supported by strong operating performance and improving margins/ROE with manageable leverage, but is held back by poor cash flow generation (deeply negative free cash flow and weak cash conversion). Technical indicators are mixed with negative momentum signals, while valuation is reasonable on earnings but with a low dividend yield.

Positive Factors

Revenue & Margin Expansion

Sustained double-digit revenue growth alongside rising gross and net margins indicates improving operational efficiency and pricing power in core PPE lines. These durable margin gains support reinvestment capacity and long-term profitability, strengthening the company’s ability to absorb cyclical demand swings.

Negative Factors

Deep Negative Free Cash Flow

A large negative FCF position constrains the company’s ability to self-fund capex, inventory, or growth initiatives. Persistent FCF deficits raise dependence on external financing, increase financing costs, and can curtail strategic flexibility if not reversed within months.

Mallcom (India) Ltd. Business Overview & Revenue Model

Company Description

Mallcom (India) Limited, together with its subsidiaries, manufactures and sells personal protective equipment in India and internationally. The company offers head protection equipment comprising skull, face, ear, and eye; hand protection gears, s...

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Mallcom (India) Limited, together with its subsidiaries, manufactures and sells personal protective equipment in India and internationally. The company offers head protection equipment comprising skull, face, ear, and eye; hand protection gears, s...

How the Company Makes Money

Mallcom (India) Ltd. generates revenue primarily through the sale of PPE and industrial safety products to businesses and institutions. Key revenue streams typically include (1) protective clothing and other wearable safety gear (e.g., coveralls a...

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Mallcom (India) Ltd. generates revenue primarily through the sale of PPE and industrial safety products to businesses and institutions. Key revenue streams typically include (1) protective clothing and other wearable safety gear (e.g., coveralls a...

Mallcom (India) Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	5.17B	4.70B	4.21B	4.11B	3.49B	3.08B
Gross Profit	872.79M	899.47M	562.34M	833.00M	604.73M	485.19M
EBITDA	589.81M	608.73M	618.21M	616.30M	528.22M	448.34M
Net Income	523.91M	574.35M	363.16M	369.37M	326.24M	282.68M
Balance Sheet
Total Assets	4.92B	4.93B	3.88B	3.54B	2.79B	2.53B
Cash, Cash Equivalents and Short-Term Investments	137.15M	189.58M	470.00M	670.19M	285.90M	494.96M
Total Debt	1.15B	1.16B	926.92M	907.34M	533.78M	568.50M
Total Liabilities	1.80B	1.94B	1.50B	1.51B	1.03B	1.06B
Stockholders Equity	3.12B	2.99B	2.38B	2.03B	1.68B	1.41B
Cash Flow
Free Cash Flow	-11.62M	-769.67M	-199.57M	76.08M	-225.59M	-78.51M
Operating Cash Flow	212.72M	17.00M	63.75M	534.52M	12.46M	188.23M
Investing Cash Flow	-139.95M	-431.07M	-97.75M	-750.42M	-19.59M	-115.56M
Financing Cash Flow	-67.02M	151.82M	-41.67M	330.33M	-14.07M	180.98M

Mallcom (India) Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1183.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MALLCOM, the sentiment is Neutral. The current price of 1183.55 is above the 20-day moving average (MA) of 1036.02, above the 50-day MA of 1102.48, and below the 200-day MA of 1224.16, indicating a neutral trend. The MACD of -14.66 indicates Negative momentum. The RSI at 52.75 is Neutral, neither overbought nor oversold. The STOCH value of 85.47 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MALLCOM.

Mallcom (India) Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MALLCOM	71 Outperform	₹6.74B	18.46	―	0.25%	15.06%	40.56%
IRISDOREME	71 Outperform	₹6.11B	60.00	―	―	12.30%	92.63%
BIL	68 Neutral	₹9.75B	36.02	―	―	31.04%	6468.72%
SREEL	67 Neutral	₹4.25B	16.67	―	―	6.38%	1.63%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
SATIA	60 Neutral	₹6.34B	5.94	―	0.44%	-9.42%	-56.27%
VARDMNPOLY	46 Neutral	₹3.49B	497.66	―	―	5.66%	―

Mallcom (India) Ltd. Corporate Events