MALLCOM
Mallcom (India) Limited
Personal protective equipment including safety footwear and flame-retardant garments
Industrials›Capital Goods›Industrial Products›Other Industrial Products
mallcom.in(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹898.05
Market cap
561 Cr
Stock P/E
21.0
P/B
1.76
Dividend yield
0.3%
ROE (FY26)
9.4%
ROCE (FY26)
11.1%
Operating margin (FY26)
8.9%
Debt / equity (FY26)
0.38
OCF / EBITDA (FY26)
57.7%
OCF / EBITDA (3Y)
24.0%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
Mallcom makes personal protective equipment (PPE), reported as a single segment of industrial safety products, including workwear, safety footwear and helmets, sold under its own brand and as white-label supply, in India and in export markets.
Company snapshot
11thBy market cap
Ranked among 13 companies in Other Industrial Products.
What we see
Concerns
- ✗Only 24% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 108 Cr | 96 Cr | 122 Cr | 102 Cr | 129 Cr | 118 Cr | 138 Cr | 122 Cr | 139 Cr | 131 Cr | 147 Cr | 109 Cr |
| Operating expenses (approx.) | 93 Cr | 84 Cr | 106 Cr | 88 Cr | 113 Cr | 102 Cr | 122 Cr | 105 Cr | 129 Cr | 112 Cr | 133 Cr | 96 Cr |
| EBITDA | 15 Cr | 12 Cr | 16 Cr | 14 Cr | 16 Cr | 15 Cr | 15 Cr | 18 Cr | 10 Cr | 19 Cr | 14 Cr | 14 Cr |
| OPM % | 14.2% | 12.2% | 13.5% | 14.0% | 12.3% | 13.0% | 11.2% | 14.4% | 7.1% | 14.7% | 9.3% | 12.5% |
| Other income | 0.98 Cr | 1 Cr | 0.99 Cr | 0.66 Cr | 2 Cr | 0.58 Cr | 26 Cr | 0.17 Cr | 0.30 Cr | -0.09 Cr | 0.30 Cr | 0.19 Cr |
| Interest | 0.97 Cr | 0.85 Cr | 1 Cr | 1 Cr | 1 Cr | 1 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr |
| Depreciation | 3 Cr | 3 Cr | -0.79 Cr | 2 Cr | 2 Cr | 2 Cr | 3 Cr | 2 Cr | 3 Cr | 3 Cr | 4 Cr | 4 Cr |
| Profit before tax | 12 Cr | 9 Cr | 17 Cr | 11 Cr | 15 Cr | 12 Cr | 36 Cr | 13 Cr | 5 Cr | 14 Cr | 8 Cr | 9 Cr |
| Tax % | 26.3% | 22.1% | 30.4% | 25.8% | 30.5% | 26.3% | 16.9% | 26.7% | 26.1% | 26.6% | 23.8% | 24.8% |
| Net profit | 9 Cr | 7 Cr | 12 Cr | 9 Cr | 10 Cr | 9 Cr | 30 Cr | 10 Cr | 4 Cr | 10 Cr | 6 Cr | 7 Cr |
| EPS (₹) | ₹14.67 | ₹10.95 | ₹18.92 | ₹13.67 | ₹16.19 | ₹14.46 | ₹47.72 | ₹15.79 | ₹5.99 | ₹16.27 | ₹10.10 | ₹10.52 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 256 Cr | 245 Cr | 301 Cr | 288 Cr | 317 Cr | 357 Cr | 411 Cr | 421 Cr | 487 Cr | 540 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 235 Cr | 226 Cr | 269 Cr | 256 Cr | 275 Cr | 308 Cr | 352 Cr | 363 Cr | 426 Cr | 479 Cr | Sign in free for the trailing twelve months |
| EBITDA | 21 Cr | 20 Cr | 32 Cr | 32 Cr | 42 Cr | 50 Cr | 58 Cr | 58 Cr | 61 Cr | 60 Cr | Sign in free for the trailing twelve months |
| OPM % | 8.2% | 8.0% | 10.7% | 11.0% | 13.1% | 13.9% | 14.2% | 13.7% | 12.5% | 11.2% | Sign in free for the trailing twelve months |
| Other income | 3 Cr | 4 Cr | 0.19 Cr | 0.46 Cr | 3 Cr | 3 Cr | 3 Cr | 4 Cr | 29 Cr | 0.68 Cr | Sign in free for the trailing twelve months |
| Interest | 3 Cr | 4 Cr | 4 Cr | 3 Cr | 2 Cr | 2 Cr | 2 Cr | 4 Cr | 6 Cr | 8 Cr | Sign in free for the trailing twelve months |
| Depreciation | 5 Cr | 5 Cr | 6 Cr | 6 Cr | 6 Cr | 8 Cr | 8 Cr | 8 Cr | 10 Cr | 12 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 15 Cr | 14 Cr | 23 Cr | 25 Cr | 37 Cr | 42 Cr | 51 Cr | 50 Cr | 74 Cr | 41 Cr | Sign in free for the trailing twelve months |
| Tax % | 33.5% | 37.6% | 33.9% | 25.4% | 24.4% | 25.7% | 27.4% | 26.9% | 22.5% | 26.0% | Sign in free for the trailing twelve months |
| Net profit | 10 Cr | 8 Cr | 15 Cr | 19 Cr | 28 Cr | 32 Cr | 37 Cr | 36 Cr | 57 Cr | 30 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹16.15 | ₹13.53 | ₹24.02 | ₹30.26 | ₹45.30 | ₹50.57 | ₹59.19 | ₹58.20 | ₹92.04 | ₹48.15 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 4.4% | 5.9% | 5.1% | 5.2% | 3.3% | 6.2% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 6 Cr | 6 Cr | 6 Cr | 6 Cr | 6 Cr | 6 Cr | 6 Cr | 6 Cr | 6 Cr | 6 Cr |
| Reserves | 64 Cr | 73 Cr | 87 Cr | 104 Cr | 135 Cr | 166 Cr | 197 Cr | 231 Cr | 292 Cr | 312 Cr |
| Borrowings | 53 Cr | 51 Cr | 49 Cr | 36 Cr | 57 Cr | 53 Cr | 91 Cr | 93 Cr | 116 Cr | 120 Cr |
| Other liabilities | 41 Cr | 43 Cr | 57 Cr | 51 Cr | 49 Cr | 49 Cr | 60 Cr | 58 Cr | 78 Cr | 74 Cr |
| Total liabilities | 165 Cr | 173 Cr | 199 Cr | 197 Cr | 253 Cr | 279 Cr | 354 Cr | 388 Cr | 493 Cr | 512 Cr |
| Fixed assets (net) | 42 Cr | 43 Cr | 45 Cr | 42 Cr | 47 Cr | 63 Cr | 107 Cr | 123 Cr | 128 Cr | 224 Cr |
| CWIP | 2 Cr | 0.10 Cr | 0.46 Cr | 3 Cr | 15 Cr | 15 Cr | 8 Cr | 10 Cr | 74 Cr | 0 Cr |
| Investments | 6 Cr | 0.25 Cr | 5 Cr | 21 Cr | 19 Cr | 0.0006 Cr | 0.0006 Cr | 0.0006 Cr | 13 Cr | 6 Cr |
| Loans & advances | — | — | — | 0.28 Cr | 0.06 Cr | 0.12 Cr | 0.05 Cr | 0.18 Cr | 0.24 Cr | 0.23 Cr |
| Inventories | 53 Cr | 65 Cr | 68 Cr | 76 Cr | 57 Cr | 72 Cr | 86 Cr | 107 Cr | 143 Cr | 138 Cr |
| Trade receivables | 32 Cr | 34 Cr | 36 Cr | 22 Cr | 48 Cr | 69 Cr | 59 Cr | 67 Cr | 84 Cr | 86 Cr |
| Cash & bank | 2 Cr | 2 Cr | 3 Cr | 5 Cr | 4 Cr | 4 Cr | 4 Cr | 0.24 Cr | 4 Cr | 4 Cr |
| Other assets | 28 Cr | 29 Cr | 41 Cr | 27 Cr | 62 Cr | 57 Cr | 90 Cr | 80 Cr | 46 Cr | 54 Cr |
| Total assets | 165 Cr | 173 Cr | 199 Cr | 197 Cr | 253 Cr | 279 Cr | 354 Cr | 388 Cr | 493 Cr | 512 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 28 Cr | 6 Cr | 21 Cr | 38 Cr | 17 Cr | 1 Cr | 53 Cr | 6 Cr | 2 Cr | 35 Cr |
| Cash from investing | -10 Cr | 2 Cr | -14 Cr | -21 Cr | -10 Cr | -2 Cr | -75 Cr | -10 Cr | -43 Cr | -32 Cr |
| Cash from financing | -17 Cr | -7 Cr | -7 Cr | -14 Cr | 18 Cr | -1 Cr | 33 Cr | -4 Cr | 15 Cr | -6 Cr |
| Net cash flow | 0.11 Cr | 0.31 Cr | 1 Cr | 2 Cr | 25 Cr | -2 Cr | 11 Cr | -8 Cr | -26 Cr | -2 Cr |
| Free cash flow (OCF − Capex) | 23 Cr | 0.46 Cr | 13 Cr | 32 Cr | -8 Cr | -23 Cr | 8 Cr | -20 Cr | -77 Cr | 0.96 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 15.1% | 13.7% | 18.8% | 19.0% | 19.2% | 19.4% | 18.2% | 16.3% | 19.3% | 11.1% |
| ROE % | 14.3% | 10.7% | 16.1% | 17.1% | 19.3% | 18.5% | 18.2% | 15.3% | 19.2% | 9.4% |
| Debtor days | 45 | 51 | 43 | 28 | 55 | 71 | 52 | 58 | 63 | 58 |
| Inventory days | 127 | 136 | 143 | 173 | 127 | 134 | 147 | 173 | 199 | 167 |
| Days payable | 58 | 50 | 81 | 76 | 81 | 66 | 71 | 64 | 80 | 53 |
| Cash conversion cycle | 115 | 137 | 105 | 125 | 102 | 138 | 129 | 167 | 182 | 172 |
| OCF / EBITDA % | 131.5% | 28.4% | 66.5% | 119.6% | 40.5% | 2.5% | 91.4% | 11.1% | 2.8% | 57.7% |
| OCF / EBITDA % (3 years) | — | — | 75.0% | 77.6% | 72.1% | 45.4% | 47.8% | 36.8% | 34.8% | 24.0% |
| Debt / equity | 0.75 | 0.64 | 0.52 | 0.32 | 0.40 | 0.31 | 0.45 | 0.39 | 0.39 | 0.38 |
| Current ratio | — | — | — | 1.81 | 1.82 | 2.17 | 1.69 | 1.81 | 1.51 | 1.54 |
| Net debt / EBITDA | 2.43 | 2.48 | 1.43 | 0.97 | 1.27 | 1.00 | 1.48 | 1.60 | 1.83 | 1.93 |