# Leather Products - Others — company-by-company sector analysis > Leather Products - Others: Mallcom (India) Ltd owns the largest revenue base AND the fastest current growth. Sector Alpha — machine-written from the numbers. Data as of 2026-08-16. Not investment advice. ## Bottom line Leather Products - Others has underperformed NIFTY 500 by 29.6% over 52 weeks and 7.3% over 13 weeks. 0 of 1 covered companies beat NIFTY on Mansfield relative strength, while 0 of 1 beat the sector itself. Mallcom (India) Ltd leads with revenue of ₹527 crore, based on 1 of 1 comparable companies through Jun 2026. ## Sector relative strength Leather Products - Others has underperformed NIFTY 500 by 29.6% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 7.3%. 0 of 1 covered company currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Mallcom (India) Ltd is the strongest against the sector itself at 0%. 13-week sector return versus NIFTY 500: -7.3% 52-week sector return versus NIFTY 500: -30% Stocks leading NIFTY: 0/1 Stocks leading sector: 0/1 Central tension: The central tension: current leadership is concentrated, so durability matters more than rank. Companies: 1 Combined market value: ₹605 Cr ## 4-Factor Sector Score An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment. 1. Mallcom (India) Ltd (MALLCOM): 32/100 — Adverse evidence; evidence 78% - Growth & earnings 6.0/35 | Capital efficiency 11.0/25 | Valuation 7.1/20 | Relative strength 7.5/20 - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of 10 weeks with a reading, within the last 12 - Exact sum: 6 + 11 + 7.1 + 7.5 = 31.6 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. ## Market action Mallcom (India) Ltd has the strongest one-year price move in Leather Products - Others at -19.1%. It also leads on Mansfield relative strength against NIFTY at -16.9%. 0 of 1 covered company are above zero on that measure. Every line covers 313 weekly closes through 2026-08-14. ### Strongest one-year price performers 1. Mallcom (India) Ltd (MALLCOM): -19% ### Strongest relative strength versus NIFTY 500 1. Mallcom (India) Ltd (MALLCOM): -17% ## Revenue Scale & Growth Durability What the numbers say: Mallcom (India) Ltd is the scale leader at ₹527 crore, Mallcom (India) Ltd's growth is 3.9% from a ₹527 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale. Investor read: Mallcom (India) Ltd is the scale benchmark; Mallcom (India) Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns. This conclusion weakens if: Mallcom (India) Ltd's growth falls below Mallcom (India) Ltd's for two consecutive comparable reports while operating margin also compresses. Evidence: Mallcom (India) Ltd · ₹527 crore | Not enough peers | 7/8 recent comparable periods | 1/1 companies · 15 observations Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress. ### Revenue — largest 1. Mallcom (India) Ltd (MALLCOM): ₹527 Cr ### Revenue growth — fastest growers 1. Mallcom (India) Ltd (MALLCOM): 3.9% ### 20-quarter Revenue history - MALLCOM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹100 Cr | Mar 2023 ₹113 Cr | Jun 2023 ₹94 Cr | Sep 2023 ₹108 Cr | Dec 2023 ₹96 Cr | Mar 2024 ₹122 Cr | Jun 2024 ₹102 Cr | Sep 2024 ₹129 Cr | Dec 2024 ₹118 Cr | Mar 2025 ₹138 Cr | Jun 2025 ₹122 Cr | Sep 2025 ₹139 Cr | Dec 2025 ₹131 Cr | Mar 2026 ₹147 Cr | Jun 2026 ₹109 Cr ### 20-quarter Revenue growth history - MALLCOM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -4.4% | Mar 2024 8.5% | Jun 2024 8.4% | Sep 2024 19% | Dec 2024 23% | Mar 2025 12% | Jun 2025 20% | Sep 2025 8.0% | Dec 2025 11% | Mar 2026 6.6% | Jun 2026 -11% ## Operating Economics & Margin Trend What the numbers say: Mallcom (India) Ltd leads both opm at 12.5% and margin change at -1.9 percentage points. Investor read: Mallcom (India) Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current margin change signal. Evidence: Mallcom (India) Ltd · 12.5% | Not enough peers | 3/8 recent comparable periods | 1/1 companies · 20 observations Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth. ### OPM — highest 1. Mallcom (India) Ltd (MALLCOM): 13% ### Margin change — fastest expanders 1. Mallcom (India) Ltd (MALLCOM): −1.9 pp ### 20-quarter OPM history - MALLCOM: Sep 2021 15% | Dec 2021 14% | Mar 2022 13% | Jun 2022 14% | Sep 2022 14% | Dec 2022 15% | Mar 2023 15% | Jun 2023 15% | Sep 2023 14% | Dec 2023 12% | Mar 2024 13% | Jun 2024 14% | Sep 2024 12% | Dec 2024 13% | Mar 2025 11% | Jun 2025 14% | Sep 2025 7.1% | Dec 2025 15% | Mar 2026 9.3% | Jun 2026 12% ### 20-quarter Margin change history - MALLCOM: Sep 2021 +2.3 pp | Dec 2021 +1.2 pp | Mar 2022 −0.9 pp | Jun 2022 +0.3 pp | Sep 2022 −1.1 pp | Dec 2022 +1.1 pp | Mar 2023 +1.7 pp | Jun 2023 +1.4 pp | Sep 2023 +0.2 pp | Dec 2023 −2.8 pp | Mar 2024 −1.3 pp | Jun 2024 −1.0 pp | Sep 2024 −1.9 pp | Dec 2024 +0.8 pp | Mar 2025 −2.3 pp | Jun 2025 +0.4 pp | Sep 2025 −5.2 pp | Dec 2025 +1.7 pp | Mar 2026 −1.9 pp | Jun 2026 −1.9 pp ## Profit Scale & Acceleration What the numbers say: Mallcom (India) Ltd leads with ₹27 crore of TTM profit, Mallcom (India) Ltd shows -54.5% growth from a ₹27 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale. Investor read: Mallcom (India) Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current profit growth signal. Evidence: Mallcom (India) Ltd · ₹27 crore | Not enough peers | 5/8 recent comparable periods | 1/1 companies · 15 observations Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank. ### Net profit — largest 1. Mallcom (India) Ltd (MALLCOM): ₹27 Cr ### Profit growth — fastest growers 1. Mallcom (India) Ltd (MALLCOM): -55% ### 20-quarter Net profit history - MALLCOM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹11 Cr | Mar 2023 ₹10 Cr | Jun 2023 ₹9 Cr | Sep 2023 ₹9 Cr | Dec 2023 ₹7 Cr | Mar 2024 ₹12 Cr | Jun 2024 ₹9 Cr | Sep 2024 ₹10 Cr | Dec 2024 ₹9 Cr | Mar 2025 ₹30 Cr | Jun 2025 ₹10 Cr | Sep 2025 ₹4 Cr | Dec 2025 ₹10 Cr | Mar 2026 ₹6 Cr | Jun 2026 ₹7 Cr ### 20-quarter Profit growth history - MALLCOM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -38% | Mar 2024 21% | Jun 2024 0.1% | Sep 2024 10% | Dec 2024 32% | Mar 2025 152% | Jun 2025 15% | Sep 2025 -63% | Dec 2025 12% | Mar 2026 -79% | Jun 2026 -33% ## Return On Capital Employed What the numbers say: Mallcom (India) Ltd leads ROCE at 11.4%. Mallcom (India) Ltd has the strongest latest improvement at -2.3 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability. Investor read: Mallcom (India) Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current roce change signal. Evidence: Mallcom (India) Ltd · 11.4% | Not enough peers | 3/8 recent comparable periods | 1/1 companies · 15 observations Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability. ### ROCE — highest 1. Mallcom (India) Ltd (MALLCOM): 11% ### ROCE change — fastest improvers 1. Mallcom (India) Ltd (MALLCOM): −2.3 pp ### 20-quarter ROCE history - MALLCOM: Sep 2021 25% | Dec 2021 — | Mar 2022 22% | Jun 2022 — | Sep 2022 22% | Dec 2022 — | Mar 2023 23% | Jun 2023 — | Sep 2023 22% | Dec 2023 24% | Mar 2024 20% | Jun 2024 23% | Sep 2024 19% | Dec 2024 24% | Mar 2025 17% | Jun 2025 30% | Sep 2025 15% | Dec 2025 26% | Mar 2026 15% | Jun 2026 — ### 20-quarter ROCE change history - MALLCOM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −3.6 pp | Dec 2022 — | Mar 2023 +1.0 pp | Jun 2023 — | Sep 2023 +0.5 pp | Dec 2023 — | Mar 2024 −3.4 pp | Jun 2024 — | Sep 2024 −3.0 pp | Dec 2024 +0.8 pp | Mar 2025 −3.1 pp | Jun 2025 +6.6 pp | Sep 2025 −4.6 pp | Dec 2025 +1.7 pp | Mar 2026 −2.3 pp | Jun 2026 — ## Valuation Against Growth & Quality What the numbers say: There is not enough comparable evidence to name a reliable peg leader. Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy. This conclusion weakens if: The next two comparable reports reverse the current p/e signal. Evidence: No comparable leader | Not enough peers | Not enough history | 0/1 companies · 0 observations Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing. ### PEG — lowest PEG ### P/E — lowest P/E 1. Mallcom (India) Ltd (MALLCOM): 22.6 ### 20-quarter PEG history ### 20-quarter P/E history - MALLCOM: Sep 2021 13.4 | Dec 2021 14.4 | Mar 2022 13.5 | Jun 2022 14.2 | Sep 2022 12.5 | Dec 2022 12.7 | Mar 2023 12.3 | Jun 2023 19.2 | Sep 2023 18.0 | Dec 2023 18.1 | Mar 2024 18.2 | Jun 2024 19.7 | Sep 2024 25.8 | Dec 2024 28.6 | Mar 2025 19.3 | Jun 2025 22.8 | Sep 2025 21.3 | Dec 2025 23.0 | Mar 2026 18.7 | Jun 2026 21.1 ## What can make this comparison misleading? - A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason. - A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment. - The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed. - An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion. - 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears. - Thin comparisons: Valuation have fewer than three usable current readings. ## Every company - Mallcom (India) Ltd (MALLCOM) — market value ₹605 Cr; latest fundamentals Jun 2026; includes UNVERIFIED second-feed figures ## Source standing of each company Cross-checked: 0. Unverified: 1. Withheld: 0. Graded companies: 1. 1 of 1 company draws at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear. - UNVERIFIED | MALLCOM | Mallcom (India) Ltd | too little overlapping reported history to cross-check the second feed ## Methodology and freshness Fundamentals through Jun 2026; prices through 2026-08-14. Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable. ## Frequently asked questions ### Is the Leather Products - Others sector outperforming NIFTY 500? Leather Products - Others has underperformed NIFTY 500 by 29.6% over 52 weeks and 7.3% over 13 weeks. 0 of 1 covered companies beat NIFTY on Mansfield relative strength, while 0 of 1 beat the sector itself. ### Which Leather Products - Others company is largest by revenue? Mallcom (India) Ltd leads with revenue of ₹527 crore, based on 1 of 1 comparable companies through Jun 2026. ### Which Leather Products - Others company is growing fastest? Mallcom (India) Ltd has the fastest current revenue growth at 3.9%, across 1 of 1 comparable companies. ### Which Leather Products - Others company has the strongest 4-Factor Sector Score? Mallcom (India) Ltd ranks first at 31.6/100 with 78% evidence confidence. The score prioritizes research; it is not a buy recommendation. ### How much history does this Leather Products - Others comparison include? The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated. ### How is the 4-Factor Sector Score calculated? The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral. ### Is there a Nifty Leather Products - Others index? NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Leather Products - Others, this page builds its own equal-weight basket of 1 listed Leather Products - Others companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026. ### Which are the best Leather Products - Others stocks in India? Ranked by this page's four-factor score, Mallcom (India) Ltd places first among 1 listed Leather Products - Others companies. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser. ### How many Leather Products - Others stocks are listed in India? This comparison covers 1 listed Leather Products - Others companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026. ### Which Leather Products - Others company is the biggest? Mallcom (India) Ltd is the largest, with trailing-twelve-month revenue of ₹527 crore. That covers 1 of 1 companies with comparable reporting through Jun 2026. ### Which Leather Products - Others company has the best profit margins? Mallcom (India) Ltd has the highest operating margin at 12.5%, from 1 of 1 comparable companies. Mallcom (India) Ltd shows the biggest recent improvement, at -1.9 percentage points. A high margin matters most when it is holding or rising, not when it is peaking. ### Which Leather Products - Others company makes the most profit? Mallcom (India) Ltd earns the most, at ₹27 crore of trailing-twelve-month net profit, from 1 of 1 comparable companies. Mallcom (India) Ltd has the fastest profit growth at -54.5%, though growth off a small or recovering profit base overstates how much has actually changed. ### Which Leather Products - Others company earns the highest return on capital? Mallcom (India) Ltd leads on return on capital employed at 11.4%, across 1 of 1 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year. ### Is the Leather Products - Others sector beating the market? Leather Products - Others has underperformed NIFTY 500 by 29.6% over the last 52 weeks and 7.3% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 0 of 1 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it. ### Which Leather Products - Others stock has the strongest price momentum? Mallcom (India) Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all. ### Which Leather Products - Others company scores highest for research priority? Mallcom (India) Ltd scores 31.6 out of 100 with 78% evidence confidence, from 6 points on growth and earnings, 11 on capital efficiency, 7.1 on valuation and 7.5 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research. ### How many Leather Products - Others companies does this comparison cover, and over what period? It compares 1 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data. ### What is the total market cap of the Leather Products - Others sector? The 1 Leather Products - Others companies on this page carry ₹605 crore of combined market value. Mallcom (India) Ltd is the largest at ₹605 crore, about 100% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-16. ### How is the Leather Products - Others sector performing? 0 of the 1 covered Leather Products - Others companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 29.6% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-16. ### Why are some values on this page blank? A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad. ### Is this investment advice? No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.