Mallcom (India) Limited (MALLCOM.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-204.4%

-₹914.57

vs ₹876.10 price

Levered DCF

-₹2,241.03

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	19.49×	13.26×	17.1×	12.4×	14.48×	20.16×	30.18×	38.02×
P/B	1.84×	2.55×	2.61×	2.25×	2.81×	4.03×	5.15×	6.11×
P/S	1.08×	1.62×	1.48×	1.12×	1.35×	1.85×	2.06×	1.99×
EV / EBITDA	11.48×	14.32×	11.54×	8.84×	9.88×	13.89×	17.92×	19.07×
Gross margin	9.8%	19.1%	13.4%	20.3%	17.3%	15.8%	13.4%	13.8%
Operating margin	8.9%	7.4%	11.8%	12.2%	15.1%	8.7%	9.4%	9.2%
Net margin	5.6%	12.2%	8.6%	9.0%	9.4%	9.2%	6.8%	5.2%
Current ratio	1.54×	1.51×	1.81×	1.69×	2.14×	1.8×	1.8×	1.47×
Debt / equity	0.38×	0.39×	0.39×	0.45×	0.32×	0.4×	0.32×	0.52×
Interest coverage	5.87×	5.73×	11.73×	20.43×	25.84×	16.65×	10.08×	6.7×
Dividend yield	0.3%	0.2%	0.3%	0.4%	0.4%	0.2%	0.2%	0.3%
Payout ratio	6.2%	3.3%	5.2%	5.1%	5.7%	4.4%	6.6%	10.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.4%	19.2%	15.3%	18.2%	19.4%	20.0%	17.1%	16.1%
Return on invested capital	8.0%	6.4%	10.8%	12.1%	16.6%	9.8%	13.1%	13.2%
Return on assets	5.9%	11.7%	9.4%	10.4%	11.7%	11.2%	9.6%	7.5%
Free cash flow yield	-1.1%	-10.1%	-3.2%	1.7%	-4.8%	-1.4%	5.6%	2.2%
Earnings yield	5.1%	7.5%	5.8%	8.1%	6.9%	5.0%	3.3%	2.6%
Enterprise value	₹7B	₹8.7B	₹7.1B	₹5.4B	₹5.2B	₹6.2B	₹6B	₹6.2B
Net debt / EBITDA	1.9×	1.8×	1.5×	1.4×	0.94×	1.18×	0.92×	1.42×
Cash conversion cycle (days)	129	144	135	102	119	87	94	90