Mittal Life Style Ltd. (MITTAL) AI Stock Analysis

• Market Cap: ₹448.34M
• Dividend Yield: N/A
• Average Volume (3M): 838.45K
• Price to Earnings (P/E): 22.6
• Beta (1Y): 1.02
• Revenue Growth: 33.38%
• EPS Growth: -46.53%
• Country: IN
• Employees: 13
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): N/A
• 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: ₹1.00 ▼(-11.50% Downside)

The score is driven primarily by improving fundamentals (revenue growth and stronger operating margins) but is held back by weak cash-flow generation and a clearly bearish technical setup (below key moving averages with negative MACD and very low RSI). Valuation is only moderate, with no dividend yield to support returns.

Positive Factors

Revenue Growth

Sustained revenue growth above 30% demonstrates strong product-market fit and expanding demand. Over a multi-month horizon this supports scaling advantages, better supplier terms and funding of R&D/retail expansion, strengthening the firm’s long-term growth trajectory.

Improving Margins and Operational Efficiency

Material improvement in gross and EBITDA margins signals durable cost control, pricing power or mix shift toward higher-margin items. Sustained margin expansion enhances cash generation potential per sale and provides a structural buffer versus input cost swings.

Conservative Leverage and Strong Equity Position

A strong equity base and conservative leverage reduce funding risk and improve resilience to downturns. This structural financial strength supports ongoing investment in distribution and product development while preserving flexibility to access capital on reasonable terms.

Negative Factors

Negative Operating and Free Cash Flow

Persistent negative operating and free cash flow undermines self-funding ability for growth initiatives and forces reliance on external financing. Over several months this raises refinancing and liquidity risk and can constrain capital allocation and margin-improvement investments.

Declining EPS Growth / Earnings Volatility

A sharp decline in EPS growth signals volatility in core profitability and weakens long-term earnings predictability. Without consistent margin or cash-flow recovery this trend can limit reinvestment capacity and reduce investor confidence in sustainable returns.

Elevated Total Debt in 2025

A notable increase in total debt raises structural leverage and interest burden risk, especially problematic given negative cash flows. Over a 2-6 month horizon higher leverage can restrict strategic flexibility, increase refinancing risk and pressure margins if revenues soften.

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.

How the Company Makes Money

Mittal Life Style Ltd. generates revenue through multiple key streams, primarily by selling its products through both online and offline retail channels. The company operates its own branded stores while also partnering with various retail outlets to expand its market reach. Additionally, MITTAL generates income from e-commerce platforms, leveraging the growing trend of online shopping. The company's revenue model is bolstered by strategic partnerships with suppliers and distributors, allowing for efficient supply chain management and cost-effective pricing strategies. Furthermore, seasonal product lines and promotional campaigns play a significant role in driving sales during peak shopping periods, contributing to the overall profitability of the business.

Mittal Life Style Ltd. Financial Statement Overview

Summary

Mittal Life Style Ltd. shows strong revenue growth and improving profitability metrics. The balance sheet indicates financial stability with effective leverage management, though the increase in debt requires monitoring. Cash flow management presents concerns, with negative operating and free cash flows suggesting challenges in converting profits into cash.

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	Dec 2025	Dec 2024	Dec 2022	Dec 2022	Dec 2020
Income Statement
Total Revenue	800.84M	720.21M	673.78M	518.17M	635.70M	983.24M
Gross Profit	56.50M	40.33M	25.67M	805.39K	15.25M	26.22M
EBITDA	27.63M	39.30M	24.35M	3.18M	8.37M	26.20M
Net Income	13.49M	23.02M	17.16M	1.79M	5.26M	15.21M
Balance Sheet
Total Assets	0.00	671.88M	378.37M	196.11M	336.22M	315.04M
Cash, Cash Equivalents and Short-Term Investments	178.21M	178.21M	106.47M	72.41M	115.60M	2.22M
Total Debt	0.00	42.84M	7.83M	7.54M	0.00	67.34M
Total Liabilities	-576.61M	95.27M	51.09M	35.92M	26.36M	181.08M
Stockholders Equity	576.61M	576.61M	327.28M	160.19M	309.87M	134.10M
Cash Flow
Free Cash Flow	0.00	-164.90M	-27.58M	48.74M	-102.50M	894.23K
Operating Cash Flow	0.00	-32.58M	-20.55M	48.92M	-92.82M	1.17M
Investing Cash Flow	0.00	-173.82M	8.85M	-70.18M	-37.06M	-272.20K
Financing Cash Flow	0.00	244.19M	-372.00K	21.29M	145.30M	-4.77M

Mittal Life Style Ltd. Technical Analysis

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

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 below the 20-day moving average (MA) of 1.13, below the 50-day MA of 1.27, and below the 200-day MA of 1.53, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 19.15 is Positive, neither overbought nor oversold. The STOCH value of 13.23 is Positive, 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	67 Neutral	₹1.09B	17.44	―	0.38%	134.18%	105.54%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
MITTAL	57 Neutral	₹448.34M	22.60	―	―	33.38%	-46.53%
ARCHIES	49 Neutral	₹589.46M	-57.33	―	―	-8.41%	87.69%
CELEBRITY	41 Neutral	₹464.89M	-2.84	―	―	-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.