Mittal Life Style Ltd. (MITTAL) AI Stock Analysis

• Market Cap: ₹439.46M
• 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: 61 Neutral
• Price Target: ₹1.00 ▼(-11.50% Downside)
• Action: Reiterated Date: 03/19/26
• Date: Action: Reiterated 03/19/26

The score is primarily supported by strong reported revenue growth and improving operating profitability, alongside a generally stable balance sheet. It is held back by negative operating/free cash flow and mixed-to-weak technicals (below key longer-term moving averages with negative MACD), while valuation appears moderate based on the provided P/E.

Positive Factors

Revenue Growth

Nearly 29% reported revenue growth reflects durable demand expansion and stronger market traction. Over a 2-6 month horizon this top-line momentum helps absorb fixed costs, supports scale advantages, and creates a platform for sustained margin improvement if cash conversion is addressed.

Improving Operating Margins

Material improvements in gross and EBIT/EBITDA margins show the company is gaining operational leverage and controlling costs. Sustained margin expansion converts revenue growth into lasting profitability, enabling reinvestment in distribution or product and strengthening resilience across cycles.

Conservative Capital Structure

A rising equity ratio and low debt-to-equity indicate conservative leverage and financial stability. This reduces refinancing and solvency risk, preserves strategic optionality for capex or acquisitions, and provides a buffer through business cycles over the medium term.

Negative Factors

Negative Cash Generation

Negative operating and free cash flows show reported profits aren't converting to cash, primarily because of heavy capex. Persisting cash-generation shortfalls can force external financing, strain working capital, and limit the company's ability to fund growth or pay down debt sustainably.

Rising Absolute Debt Risk

Although leverage ratios are presently conservative, a noted increase in total debt in 2025 raises the risk of higher interest costs and refinancing needs. Rising absolute debt can constrain strategic flexibility and magnify downside if revenue or margins weaken.

Declining EPS

A roughly 35% decline in EPS despite revenue growth indicates per-share profitability erosion, potentially from higher costs, non-operating charges, or dilution. If sustained, weaker EPS undermines shareholder returns and signals operational or capital-allocation issues needing correction.

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 EBITDA/EBIT margins support the score, and the balance sheet shows conservative leverage and rising equity strength. The main drawback is weak cash quality: negative operating and free cash flow suggest challenges converting reported profits into cash, and rising debt needs monitoring.

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 2020	Mar 2019
Income Statement
Total Revenue	856.75M	720.21M	673.78M	518.17M	983.24M	897.40M
Gross Profit	63.91M	40.33M	25.67M	805.39K	26.22M	19.01M
EBITDA	36.99M	39.30M	24.35M	3.18M	26.20M	28.17M
Net Income	18.75M	23.02M	17.16M	1.79M	15.21M	15.14M
Balance Sheet
Total Assets	892.07M	671.88M	378.37M	196.11M	315.04M	240.51M
Cash, Cash Equivalents and Short-Term Investments	76.53M	178.21M	106.47M	72.41M	2.22M	6.09M
Total Debt	89.68M	42.84M	7.83M	7.54M	67.34M	56.45M
Total Liabilities	253.54M	95.27M	51.09M	35.92M	181.08M	121.66M
Stockholders Equity	638.52M	576.61M	327.28M	160.19M	134.10M	118.85M
Cash Flow
Free Cash Flow	-20.06M	-164.90M	-27.58M	48.74M	894.23K	10.08M
Operating Cash Flow	65.39M	-32.58M	-20.55M	48.92M	1.17M	10.31M
Investing Cash Flow	-91.41M	-173.82M	8.85M	-70.18M	-272.20K	-4.48M
Financing Cash Flow	-7.53M	244.19M	-372.00K	21.29M	-4.77M	-45.48M

Mittal Life Style Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.13
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 Positive. 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 neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 56.35 is Neutral, neither overbought nor oversold. The STOCH value of 73.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	₹774.58M	16.12	―	0.38%	134.18%	105.54%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
MITTAL	61 Neutral	₹439.46M	15.34	―	―	33.38%	-46.53%
ARCHIES	48 Neutral	₹463.12M	-213.50	―	―	-8.41%	87.69%
CELEBRITY	44 Neutral	₹426.70M	-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.