MALLCOM (INDIA) LIMITED

Manufactures and sells personal protective equipment including industrial safety helmets, EN 12277 bump caps, nitrile gloves, flame-retardant workwear, safety shoes, PU coated gloves and PVC gumboots. The portfolio is positioned toward value-added items, with management stating 60-70% of revenue now comes from value-added rather than commodity PPE. Sells through a SMILE reseller network of over 1,000 partners across India and exports to markets including Europe, the Middle East and Africa via a newly set up UAE marketing arm. The Sanand plant in Gujarat runs three production lines (helmet, bump cap, nitrile glove) and has a stated FY27 turnover target of Rs 40 crore versus Rs 5 crore in FY26. A Chandipur facility in West Bengal makes safety shoes and has started commercial production. Q1 FY27 split was Rs 64 crore domestic and Rs 46 crore export, with management targeting a 50:50 domestic-export mix by year-end FY27. Raw materials are the largest cost, accounting for 55.7% of FY26 revenue, followed by other operating expenses at 20.8% and employee costs at 4.8%. Depreciation was 2.3% of revenue. FY26 consolidated revenue was Rs 539.6 crore and net profit was Rs 30 crore.