Mallcom (India) Ltd
NSE:MALLCOM
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Mallcom (India) Ltd
Mallcom (India) Ltd. is a holding company, which engages in the manufacture, export, and distribution of personal protective equipment. The company is headquartered in Kolkata, West Bengal. The company went IPO on 2015-10-16. The firm produces various product categories covering head to toe, such as helmets, face masks, garments, rainwear, leather gloves, nitrile gloves, and shoes. The company also offers eyewear, ear protection equipment, latex gloves, neoprene gloves, and harnesses in its brand. The company has expertise with various raw materials such as textile, leather, rubber and plastic. The firm serves various industries, including aerospace and aviation, agriculture, automobile and auto ancillary, biotechnology, cement, chemical and paint, construction and civil, food and beverage, healthcare, heavy engineering, and defense and security, among others. The company operates in more than 50 countries in six continents.
Mallcom (India) Ltd. is a holding company, which engages in the manufacture, export, and distribution of personal protective equipment. The company is headquartered in Kolkata, West Bengal. The company went IPO on 2015-10-16. The firm produces various product categories covering head to toe, such as helmets, face masks, garments, rainwear, leather gloves, nitrile gloves, and shoes. The company also offers eyewear, ear protection equipment, latex gloves, neoprene gloves, and harnesses in its brand. The company has expertise with various raw materials such as textile, leather, rubber and plastic. The firm serves various industries, including aerospace and aviation, agriculture, automobile and auto ancillary, biotechnology, cement, chemical and paint, construction and civil, food and beverage, healthcare, heavy engineering, and defense and security, among others. The company operates in more than 50 countries in six continents.
Revenue Growth: Operating revenue for Q3 FY26 rose 11.5% year-on-year to INR 131 crores, and 9-month revenue was INR 393 crores, up 13% year-on-year.
Profitability: Q3 EBITDA increased by 27% YoY to INR 19 crores, with an EBITDA margin of 14.7% (up 100 bps YoY). Net profit grew 13% YoY to INR 10 crores with a PAT margin of 7.8%.
Domestic vs. Export: Domestic sales grew faster than exports over 9 months; domestic market reported nearly 20% growth while exports saw around 8% growth.
Capacity & CapEx: Both the Sanand (Gujarat) and Chandpur (West Bengal) facilities are fully operational, supporting future volume-led growth but currently increasing depreciation and finance costs.
Product Expansion: New launches in safety shoes and helmets contributed to higher margins, with value-added products now estimated at 60% of the product mix.
Guidance & Outlook: Management targets double-digit revenue growth for FY26, acknowledges export challenges, and expects overall EBITDA margins to stay in the 13–15% range.
Order Book & Utilization: Export order book stands at INR 80–85 crores (about 3–4 months visibility); new glove lines and Sanand facility are expected to reach higher utilization soon.
