On 6 Nov 2026, Mallcom (India) was priced at ₹899.35, or 21.0× trailing earnings, against an industry P/E of 29.1×, and the shares are 37% below their 52-week high. Sales grew 9.5% a year over 3 years while net profit fell 6.7%, with ROCE of 15% and ROE of 9.7%. Debt is 0.38× equity, and its dividend yield is 0.3%. It is a small-cap company with a market cap of ₹561 Cr, ranked 2nd of 6 Security & Protection Services companies by market cap; the shares fell 36% over the past year.
- ₹913.00
- ₹913.00
- ₹890.05
- ₹915.90
- 776
Health check
- ReturnsIn line
−36.3% over a year, better than 3 of 5 peers.
- Price tagCheaper
P/E 21.0 vs industry 29.1.
- GrowthSlow
Sales +9.5%, profit −6.7% a year over 3 years.
- ProfitabilityAverage
ROCE 14.7% vs peer median 6.6%.
- Balance sheetFair
Debt 0.38× equity, interest covered 6.2×, Piotroski 4 of 9.
- Red flags3 to check
Quarterly profit down 33.4% on a year ago.
Small cap
Defensive
Key metrics
- Market cap
- ₹561 Cr
- Small cap
- P/E
- 21.0
- Industry 29.1
- Price to book
- 1.76
- Peers 0.46
- Dividend yield
- 0.33%
- ROE
- 9.7%
- Peers 5.6%
- ROCE
- 14.7%
- Peers 6.6%
- Debt to equity
- 0.38
- Debt ₹120 Cr
- EPS (TTM)
- ₹42.88
- Face value ₹10
- OPM (TTM)
- 10.7%
- Net margin 5.1%
- Sales growth
- −10.6%
- Latest quarter vs a year ago
- Profit growth
- −33.4%
- Latest quarter vs a year ago
- Price to sales
- 1.07
- EV/EBITDA 12.0
Strengths and risks
Strengths
- P/E of 21.0 against an industry P/E of 29.1.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 33.4% on a year ago.
- Quarterly sales down 10.6% on a year ago.
- 37% below its 52-week high.
About Mallcom (India)
Mallcom (India) Limited, together with its subsidiaries, manufactures and sells personal protective equipment in India and internationally. The company offers head protection equipment comprising safety helmet, shell bump cap, base ball cap, ear plugs, safety goggles, and face mask, such as respirator, surgical, hygiene, and face mask with valve; and gloves, including black and yellow, cut an sewn nitrile, cut, heat, and impact resistant, Canadian,…
- Headquarters
- Kolkata
- Employees
- 438
- Sector
- Industrials
- ISIN
- INE389C01015
- Website
- mallcom.in
Price range
- Avg volume (3M)
- 3K
- 1-year return
- minus 36.3%
- From 52-week high
- minus 37.0%
Peers · Security & Protection Services
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SISSIS | 381.75 | minus 1.99% | 5,218 | 37.3 | 8.4 | 6.6% | 4.5% | 0.70 | 12.0% | plus 17.7% |
| MALLCOMMallcom (India) | 899.35 | minus 1.81% | 561 | 21.0 | 14.0 | 14.7% | 9.2% | 0.38 | 9.5% | minus 36.3% |
| NISMGMTNIS Management | 48.30 | plus 1.41% | 96 | 80.5 | 5.5 | 1.2% | 7.2% | 0.42 | 8.4% | minus 50.3% |
| REGANTOReganto Enterprises | 3.29 | minus 3.80% | 48 | 10.6 | 3.4 | 15.6% | −47.3% | 0.00 | 128.8% | minus 80.8% |
| SAFECURESafecure Services | 23.55 | minus 4.46% | 24 | 3.2 | 2.5 | 16.0% | 11.5% | 0.21 | – | minus 66.4% |
| VCUVCU Data Management | 6.34 | minus 1.25% | 10 | 158.5 | – | 0.3% | 42.0% | – | – | plus 11.7% |
| Median of 5 peers | – | −1.99% | 48 | 37.3 | 4.5 | 6.6% | 7.2% | 0.31 | 12.0% | −50.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 122 | 139 | 131 | 147 | 109 | |
| 105 | 129 | 112 | 133 | 95.8 | |
| 17.6 | 9.9 | 19.3 | 13.7 | 13.7 | |
| 14.4% | 7.1% | 14.7% | 9.3% | 12.5% | |
| 0.2 | 0.3 | −0.1 | 0.3 | 0.2 | |
| 2 | 2.1 | 2.1 | 2 | 1.6 | |
| 2.4 | 3 | 3.3 | 3.7 | 3.6 | |
| 13.4 | 5.1 | 13.8 | 8.3 | 8.7 | |
| 26.7% | 26.1% | 26.6% | 23.8% | 24.8% | |
| 9.9 | 3.7 | 10.2 | 6.3 | 6.6 | |
| 15.79 | 5.99 | 16.27 | 10.10 | 10.52 |
Profit & loss
- Sales CAGR 3Y
- +9.5%
- Profit CAGR 3Y
- −6.7%
- EPS CAGR 3Y
- −6.6%
- ROE
- 9.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 392 | 407 | 470 | 514 | |
| – | +3.8% | +15.6% | +9.3% | |
| 341 | 353 | 422 | 467 | |
| 51.3 | 53.4 | 48.6 | 47.6 | |
| 13.1% | 13.1% | 10.3% | 9.3% | |
| 9.9 | 6.5 | 14.3 | 13.8 | |
| 2.1 | 3.9 | 5.7 | 7.8 | |
| 8.3 | 7.9 | 9.6 | 12.4 | |
| 0.1 | 1.6 | 26.5 | −0.6 | |
| 50.9 | 49.7 | 74.1 | 40.6 | |
| 27.4% | 26.9% | 22.5% | 26.0% | |
| 36.9 | 36.3 | 57.4 | 30 | |
| – | minus 1.7% | +58.2% | minus 47.7% | |
| 59.19 | 58.20 | 92.04 | 48.15 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6.2 | 6.2 | 6.2 | 6.2 | |
| 197 | 231 | 292 | 312 | |
| 90.7 | 92.7 | 116 | 115 | |
| 60.3 | 57.5 | 78.3 | 78.7 | |
| 354 | 388 | 493 | 512 | |
| 115 | 134 | 203 | 224 | |
| 8.3 | 10.2 | 74.3 | – | |
| 0 | 0 | 0 | 0 | |
| 67 | 47 | 19 | 10 | |
| 164 | 197 | 197 | 278 | |
| 354 | 388 | 493 | 512 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 53.5 | 6.4 | 1.7 | 34.9 | |
| −75 | −9.8 | −43.1 | −31.6 | |
| 33 | −4.2 | 15.2 | −5.6 | |
| 11.4 | −7.6 | −26.2 | −2.3 | |
| −45.8 | −26.3 | −78.7 | −34.5 | |
| 7.6 | −20 | −77 | 0.4 | |
| −1.9 | −1.9 | −1.9 | −1.9 |
Shareholding pattern
- Promoters74.15%
- Public25.85%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 74.15% | 25.85% | plus 0.47 | |
| 30 Jun 2026 | 73.68% | 26.32% | 0.00 | |
| 31 Mar 2026 | 73.68% | 26.32% | 0.00 | |
| 31 Dec 2025 | 73.68% | 26.32% | 0.00 | |
| 30 Sep 2025 | 73.68% | 26.32% | – |
Major shareholders
Filings & events
News
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