Originating as a leather gloves manufacturer, this 700 Cr Mcap company has transformed into a proxy to India’s infra story. With more than four decades of industry expertise, it boasts prestigious certifications such as ISO, SA, SEDEX, and others. Offering a diverse range of products, the company is one of the largest exporters from India exporting to 55+ countries across 6 continents.
About the company
Mallcom India Ltd (MIL), founded in 1983, is a prominent personal protective equipment (PPE) brand in India. Accredited with ISO, SA, SEDEX, and Fair Wear certifications, the company manufactures head-to-toe protection equipment. It has a presence in over 50 countries across six continents.
A video summary of the company –
About the management
Mr. Ajay Mall, the MD and founder of Mallcom has over three decades of experience in the PPE industry. He holds membership within prominent trade bodies associated with the leather, textile, and export sectors. Mr. Mall has played a pivotal role in securing multiple awards for the company, from prestigious entities such as the National Productivity Council, Apparel Export Promotion Council, Council of Leather Exporters, and the Federation of Indian Export Organisation.
Mr. Giriraj Mall (Exec. Director), holding an MBA in Economics from the University of Alabama at Birmingham, brings valuable expertise to the company’s Board. His significant contributions stem from his active engagement in the Executive Committee of CII (ER)-Safety Task Force, the Safety Appliance Manufacturers’ Association (SAMA), and the American Society for Quality Control (ASQC).
Product Range
- Head Gear
- Hand Protection
- Garments/ Body Protection
- Feet Protection/ Shoes
MIL stands out among its peers by offering a wide range of protective solutions covering head-to-toe, encompassing helmets, garments, rainwear, eyewear, face masks, shoes, and gloves. These products use raw materials like nitrile, latex, neoprene, leather, rubber, textiles, and polymers.
Raw Materials used in manufacturing – MIL products generally use Polyurethane (PU), High-Density Polyethylene (HDPE), Nitrile Rubber (Synthetic), Leather, and Textile (Natural and Synthetic).
- Technical and customized products contribute to 79% of the company’s sales with higher profit margins.
- Safety equipment accounts for 42% of this segment.
- Garments contribute 26% to the higher margin sales.
- Synthetic gloves make up 11% of this category.
- Commodity products, constituting the remaining 19%, are associated with comparatively lower profit margins.
Industries Served
MIL is currently serving the following industries:
- Construction & Civil
- Manufacturing
- Healthcare
- Engineering
- Logistics & Transportation
- Automobile & Auto Ancillaries
- Agriculture
- Mining & Metallurgy
- Biotechnology
- Chemical & Paint
- Consumer Goods
- Defence & Security
Key Highlights
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Disclaimer: This article is provided for informational purposes only and should not be considered as an investment advice
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One of those companies where everything looks great but somehow the price refuses to reflect that. I finally exited out of frustration last week at around 1090 levels. It looks like there is a large shareholder who keeps selling at regular intervals which keeps the prices down.
I am still keeping this on my watchlist though.
Thanks for the great work, as always!