Company Overview

Mittal Life Style Limited was incorporated as a Private Limited Company with the name "Mittal Life Style Private Limited" on August 31, 2005. It subsequently converted to a Public Limited Company and changed its name to "Mittal Life Style Limited" on November 23, 2017. Mittal Life Style Limited is an India-based company engaged in the supply of bottom-weight fabrics and denim, operating primarily through the "Trading of Fabric" segment. The company's business encompasses fabrics and garments manufacturing, designing, trading, exporting, and importing.

Founded in 2005 by Mr. Brijeshkumar Jagdishkumar Mittal, the company is a reputed trading house specializing in Denim Fabrics. Strategically located in Mumbai, Mittal Life Style aims to provide customers with innovative, market-driven, and highly competitive denim fabrics. Significant growth has been observed since Mr. Pratik Brijeshkumar Mittal joined his father in October 2014.

Business Operations and Market Position

Mittal Life Style holds one of the largest stock-supported ranges of denim fabrics in India, featuring over 200 regular sorts. To ensure a diverse range of denim fabric types and qualities, the company collaborates with approximately 16 Composite Mills. It also partners with 11 logistic companies for procurement and warehousing from various mills.

The company primarily procures denim fabric from Ahmedabad and distributes it in Mumbai and Ulhasnagar. Mittal Life Style caters to major brands like Future Retail Ltd. and fashion platforms like Myntra, demonstrating its presence across traditional and e-commerce retail channels. Its product offerings for the textile industry include fashion fabrics, cotton canvas denims, dupion bottom fabrics, polyester and cotton fabrics, and knit fabrics.

The company is also involved in manufacturing, processing, weaving, bleaching, dyeing, knitting, importing, exporting, and dealing in various types of fabrics and textile goods, including silk, art silk, cotton, rayon, wool, and man-made fibers. Its product range includes polyester dobby, cotton knits, satin silky, polyester shirting, satin silky and polyester knits, cotton satin silky, white ecru, and cotton dyed fabrics.

Key Financial Metrics and Market Data

As of July 23, 2025, 03:04 PM, the market capitalization of Mittal Life Style Ltd stood at ₹73.69 Cr. The market cap has shown a significant decline, down -65.6% in the past year. According to Value Research classification, it is a Small Cap company.

- 52-Week High: ₹2.65

- 52-Week Low: ₹1.42

- PE Ratio: 56.67 (As of Jul 23, 2025, 03:04 PM)

- PB Ratio: 0.76 (As of Jul 23, 2025, 03:04 PM)

Recent Financial Performance

FY 2025 Annual Results:

- For the full year ended March 2025, net profit rose 33.72% to ₹2.30 crore, compared to ₹1.72 crore in the previous year ended March 2024.

- Sales increased by 6.89% to ₹72.02 crore in the year ended March 2025, from ₹67.38 crore in the previous year ended March 2024.

Q4 FY 2025 Results:

- Net profit declined by 33.33% to ₹0.54 crore in the quarter ended March 2025, compared to ₹0.81 crore in the previous quarter ended March 2024.

- Sales rose by 26.46% to ₹21.27 crore in the quarter ended March 2025, from ₹16.82 crore in the previous quarter ended March 2024.

Other Quarterly Results:

- Q3 FY 2025: Net profit remained constant at ₹0.34 crore in the quarter ended December 2024, same as the previous quarter ended December 2023. Sales increased by 31.26% to ₹17.97 crore in Q3 FY2025 from ₹13.69 crore in Q3 FY2024.

- Q2 FY 2025: Net profit surged by 388.89% to ₹0.44 crore in the quarter ended September 2024, compared to ₹0.09 crore in the previous quarter ended September 2023. Sales declined by 9.26% to ₹19.49 crore in Q2 FY2025 from ₹21.48 crore in Q2 FY2024.

- Q1 FY 2025: Net profit increased by 182.86% to ₹0.99 crore in the quarter ended June 2024, from ₹0.35 crore in the previous quarter ended June 2023. Sales declined by 13.70% to ₹13.29 crore in Q1 FY2025 from ₹15.40 crore in Q1 FY2024.

Company Leadership and Corporate Actions

- Chairman: Brijeshkumar Jagdishkumar Mittal

- Managing Director: Brijeshkumar Jagdishkumar Mittal

- Promoter Holding: 34.8% (Promoter holding has decreased by -2.64% over the last quarter).

- There is no promoter pledging in Mittal Life Style Ltd.

- Share Split: The face value of its shares was split from ₹10 to ₹1 on November 1, 2023.

- AGM Summary: The 20th Annual General Meeting (AGM) was held on July 7, 2025. During the meeting, financials were approved and directors were re-appointed.

Key Business Highlights and Challenges

Highlights:

- The company benefits from an almost debt-free status, which provides significant financial flexibility.

- Despite challenges, the company is reporting repeated profits and is investing back into the business.

Challenges:

- The company has delivered poor sales growth of -6.31% over the past five years.

- It has a low return on equity (ROE) of 1.90% over the last 3 years.

- Debtor days have increased from 124 to 149 days, indicating potential collection issues.

- The company is not paying dividends, suggesting a focus on reinvestment for future growth.

Mittal Life Style Ltd. operates in the competitive textile industry, specifically within the Consumer Discretionary sector and the Textiles sub-sector. It faces competition from various players in the denim and fabric trading space.

The stock is traded on both the NSE under the symbol "MITTAL" and the BSE under the code "535062", providing investors with multiple trading platforms.