Mittal Life Style Ltd. (MITTAL) AI Stock Analysis

• Market Cap: ₹426.14M
• Dividend Yield: N/A
• Average Volume (3M): 838.45K
• Price to Earnings (P/E): 15.3
• Beta (1Y): 1.26
• Revenue Growth: 33.38%
• EPS Growth: -46.53%
• Country: IN
• Employees: 13
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.02
• Shares Outstanding: 443,900,800
• 10 Day Avg. Volume: 1,073,352
• 30 Day Avg. Volume: 838,451
• PEG Ratio: 1.39
• Price to Book (P/B): 1.00
• Price to Sales (P/S): 0.80
• P/FCF Ratio: -3.49
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: ₹0.88 ▼(-22.12% Downside)
• Action: Reiterated Date: 03/18/26
• Date: Action: Reiterated 03/18/26

The score is driven primarily by solid financial performance (growth and improving margins) but is held back by weak cash flow quality and a bearish technical setup (below key moving averages with negative momentum). Valuation is reasonable, providing some support but not enough to offset the cash flow and trend risks.

Positive Factors

Strong revenue growth

Sustained high revenue growth indicates expanding market penetration and product demand. Over 2–6 months this supports scale advantages, higher bargaining power with suppliers, and the capacity to fund growth initiatives internally, strengthening the company’s structural growth trajectory.

Improving margins and operational efficiency

Rising gross, EBIT and EBITDA margins reflect better cost control and operating leverage. These improvements point to durable margin sustainability from productivity gains and pricing power, which enhance long-term cash generation potential if trends persist.

Conservative leverage and improving ROE

A solid equity base and conservative leverage lower financial distress risk and increase flexibility to invest or weather downturns. Improving ROE signals that shareholder capital is being deployed more efficiently, supporting long-term resilience and capacity to fund growth.

Negative Factors

Negative operating and free cash flow

Persistent negative operating and free cash flow undermines the company’s ability to convert profits into cash, forcing reliance on external financing or equity to fund operations and capex. Over months this raises funding risk and can constrain strategic flexibility.

Declining EPS

A large year-over-year EPS decline signals earnings volatility or structural pressure on net income per share. If EPS recovery is slow, it can limit retained earnings, reduce reinvestment capacity, and weaken investor confidence in consistent profit delivery over the medium term.

Elevated total debt noted in 2025

Although leverage metrics are generally conservative, a spike in total debt in 2025 raises refinancing and interest-service risk, especially given weak cash flow. If cash generation doesn’t improve, higher debt amplifies downside and limits ability to fund growth without stress.

Mittal Life Style Ltd. Business Overview & Revenue Model

Company Description

Mittal Life Style Limited primarily supplies bottom weight fabrics and denims in India. It offers fashion fabrics, cotton canvas denims, dupion bottom fabrics, polyester fabrics, cotton fabrics, knit fabrics, etc. to the textile industry. Mittal Life Style Limited was incorporated in 2005 and is based in Mumbai, India.

Mittal Life Style Ltd. Financial Statement Overview

Summary

Strong revenue growth and improving gross/EBIT/EBITDA margins support the score, and the balance sheet shows conservative leverage with improving ROE. However, negative operating and free cash flow raise concerns about profit-to-cash conversion and funding needs, limiting the score.

Income Statement

Mittal Life Style Ltd. has shown impressive revenue growth over the years, with a significant increase in revenue from 2024 to 2025. The gross profit margin improved notably, indicating better cost management. However, the net profit margin is moderate, reflecting potential areas for cost efficiency. The EBIT and EBITDA margins have improved substantially, indicating operational efficiency gains.

Balance Sheet

The company maintains a strong equity position with an increasing equity ratio, demonstrating financial stability. The debt-to-equity ratio is low, suggesting conservative leverage, which reduces financial risk. Return on equity has been improving, indicating growing profitability for shareholders. However, the high total debt in 2025 could pose potential leverage risks if not managed carefully.

Cash Flow

The operating cash flow is negative, which might indicate issues in cash generation from core operations. The free cash flow is also negative, primarily due to high capital expenditures, which may reflect investment in future growth. The operating cash flow to net income ratio is unfavorable, indicating a disconnect between reported profits and cash generation.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2022	Mar 2021	Mar 2019
Income Statement
Total Revenue	856.75M	720.21M	673.78M	635.70M	521.53M	897.40M
Gross Profit	63.91M	40.33M	25.67M	15.25M	5.40M	19.01M
EBITDA	36.99M	39.30M	24.35M	8.37M	7.49M	28.17M
Net Income	18.75M	23.02M	17.16M	5.26M	2.61M	15.14M
Balance Sheet
Total Assets	892.07M	671.88M	378.37M	336.22M	265.70M	240.51M
Cash, Cash Equivalents and Short-Term Investments	76.53M	178.21M	106.47M	115.60M	2.33M	6.09M
Total Debt	89.68M	42.84M	7.83M	0.00	65.65M	56.45M
Total Liabilities	253.54M	95.27M	51.09M	26.36M	129.05M	121.66M
Stockholders Equity	638.52M	576.61M	327.28M	309.87M	136.65M	118.85M
Cash Flow
Free Cash Flow	-20.06M	-164.90M	-27.58M	-102.50M	4.40M	10.08M
Operating Cash Flow	65.39M	-32.58M	-20.55M	-92.82M	4.71M	10.31M
Investing Cash Flow	-91.41M	-173.82M	8.85M	-37.06M	-315.24K	-4.48M
Financing Cash Flow	-7.53M	244.19M	-372.00K	145.30M	-4.29M	-45.48M

Mittal Life Style Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.13
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MITTAL, the sentiment is Negative. The current price of 1.13 is above the 20-day moving average (MA) of 0.92, above the 50-day MA of 0.98, and below the 200-day MA of 1.38, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 41.39 is Neutral, neither overbought nor oversold. The STOCH value of 21.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MITTAL.

Mittal Life Style Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TOUCHWOOD	68 Neutral	₹772.36M	16.12	―	0.38%	134.18%	105.54%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
MITTAL	57 Neutral	₹426.14M	15.34	―	―	33.38%	-46.53%
ARCHIES	48 Neutral	₹452.31M	-213.50	―	―	-8.41%	87.69%
CELEBRITY	44 Neutral	₹455.94M	-3.93	―	―	-28.56%	-16.49%

Mittal Life Style Ltd. Corporate Events

Mittal Life Style Files SEBI Compliance Certificate; No Demat Requests in Q4 2025

Mittal Life Style Limited has submitted a compliance certificate to the National Stock Exchange of India under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025. The company’s registrar and share transfer agent, Bigshare Services Pvt. Ltd., has confirmed that no dematerialisation requests for the company’s equity shares were received during the period from October 1 to December 31, 2025, underscoring routine regulatory compliance and indicating a stable pattern of shareholding activity over the quarter.

Mittal Life Style Closes Trading Window Ahead of December Quarter Results

Mittal Life Style Ltd. has announced that its trading window for equity shares will be closed from 1 January 2026 until 48 hours after the declaration of its unaudited financial results for the quarter and nine months ended 31 December 2025. The move, taken in line with SEBI’s Prohibition of Insider Trading Regulations and the company’s internal code of conduct, restricts designated persons and their immediate relatives from trading during this period, underscoring ongoing regulatory compliance and signaling that the timing of the upcoming results, and the board meeting to approve them, will be communicated separately to the market.