Mallcom (India) Ltd

Mallcom (India) Ltd. – Company Report


1. Company Overview


Mallcom (India) Ltd., founded in 1983 in West Bengal, is a leading integrated manufacturer, exporter, and distributor of Personal Protective Equipment (PPE). The company serves clients in over 60 countries, establishing itself as India’s largest fully-integrated PPE provider—delivering certified protection solutions from head to toe. With decades of industry expertise and ISO-certified manufacturing facilities, Mallcom is reputed for its focus on innovation, quality, and recurring client relationships. Recently, the company has expanded its direct consumer reach by launching a digital D2C platform, deepening its national presence and accessibility.

Key Highlights:

  • Established: 1983
  • Headquarters: Salt Lake, West Bengal, India
  • Market Presence: Operations in India and exports to over 60 countries
  • Certifications: ISO 9001:2008, ISO 14001, SA 8000:2008
  • Leadership: CEO – Ajay Kumar Mall
  • Stock Listing: Indian stock exchanges

2. Products and Services


Mallcom provides an extensive range of high-quality PPE solutions across every major safety vertical, catering to diverse industrial and consumer needs. The company’s offerings are trusted by various sectors including manufacturing, healthcare, construction, pharmaceuticals, and engineering.

Product Portfolio:

  • Head Protection: Helmets, bump caps
  • Eye & Face Protection: Safety goggles, face shields
  • Hearing Protection: Earplugs, earmuffs
  • Respiratory Protection: Disposable and reusable masks
  • Hand Protection: Nitrile, leather, synthetic, electrical, welding, and general industrial gloves
  • Body Protection: Coveralls, vests, chemical suits
  • Foot Protection: Safety shoes, gumboots, accessories
  • Fall Protection: Full-body harnesses, lanyards, lifelines

Direct-to-Consumer Platform Initiative:

  • Mallcom recently launched a dedicated D2C online shop, making certified safety products directly available to end consumers nationwide.

  • Features include:

    • Modern, intuitive user interface for easy navigation
    • Real-time inventory tracking and comprehensive product descriptions
    • Flexible shopping catering to both B2C and D2C customers, with no limits on quantity
    • Focus on efficient, transparent, and cost-effective shopping
  • The new digital platform empowers users nationwide with direct access to the trendiest, performance-driven safety gear—blending style with stringent protection standards.


3. Recent News and Financial Performance


Recent Developments

  • The online D2C shop launch marks a significant strategic shift, enhancing Mallcom’s ability to engage directly with Indian consumers and further strengthening its national footprint.
  • The company has continued to innovate with fashion-forward safety products, responding to evolving workplace and lifestyle safety needs.

4. Financial Performance (FY2025)


Metric FY2025 Value
Total Revenue ₹487 crore
Net Profit ₹57 crore
Operating Profit Margin 12%
Return on Equity (ROE) 14%
Earnings Per Share (EPS) ₹92.04

Financial Summary

FY2025
MetricCompanyIndustry Avg.
Price / Sales1.62.68
EV / EBITDA13.7815.4
Debt / Equity0.390.41
ROE %14.0820.06
ROCE %14.7122.26
P / B2.614.03
Div Yld %0.240.88
P/E20.5926.38
OPM %12.515.25
Qtr Sales Growth YOY %12.4316.04
Qtr Profit Growth YOY %-24.2251.11
ROA LAST 12M %8.5711.58
Prom. Hold. %73.6863.14
Sales 3Yrs CAGR %10.8724.65
Sales 5Yrs CAGR %11.0919.46
Profit 3Yrs CAGR %6.971.34
Profit 5Yrs CAGR %16.5946.57

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