IKIO Lighting vs IFGL Refractories vs Mallcom India: Which Stock Should You Track
- October 5, 2026
- Posted by: Harsh Piplani
- Category: Market
IKIO Lighting PE 29.30, mkt cap Rs 1,472 crore. IFGL Refractories PE 33.36, mkt cap Rs 1,366 crore. Mallcom India PE 21.81, mkt cap Rs 584 crore.
Quick Answer
IKIO Lighting vs IFGL Refractories vs Mallcom India is a side-by-side comparison of three companies from the Industrial Products and Lighting space. On this comparison, IKIO Lighting carries a market capitalisation of about Rs 1,472 crore against Rs 1,366 crore for IFGL Refractories and Rs 584 crore for Mallcom India, with return on equity of 6.28%, 3.15% and 9.44% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
IKIO Lighting vs IFGL Refractories vs Mallcom India starts with the core numbers most investors compare within the Industrial Products and Lighting segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Industrial Products and Lighting bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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IKIO Lighting, IFGL Refractories and Mallcom India: Company Overview
IKIO Lighting is a listed Indian company in the Industrial Products and Lighting space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
IFGL Refractories is a listed Indian company in the Industrial Products and Lighting space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Mallcom India is a listed Indian company in the Industrial Products and Lighting space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
IKIO Lighting vs IFGL Refractories vs Mallcom India: Valuation and Profitability Snapshot
| Metric | IKIO Lighting | IFGL Refractories | Mallcom India |
|---|---|---|---|
| Market Cap (approx.) | Rs 1,472 crore | Rs 1,366 crore | Rs 584 crore |
| PE Ratio (TTM) | 29.30 | 33.36 | 21.81 |
| PB Ratio | 2.44 | 1.16 | 1.83 |
| Return on Equity (ROE) | 6.28% | 3.15% | 9.44% |
| EPS (TTM, Rs) | 6.50 | 5.68 | 42.88 |
| Dividend Yield | 0.00% | 1.13% | 0.32% |
| Debt to Equity | 0.12 | 0.18 | 0.38 |
| Book Value per Share (Rs) | 77.91 | 163.00 | 510.21 |
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On valuation, IKIO Lighting trades at a PE of 29.30 and a PB of 2.44, IFGL Refractories at a PE of 33.36 and a PB of 1.16, while Mallcom India trades at a PE of 21.81 and a PB of 1.83. On return on equity, the three post 6.28%, 3.15% and 9.44% respectively, and on dividend yield they stand at 0.00%, 1.13% and 0.32%.
IKIO Lighting vs IFGL Refractories vs Mallcom India: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| IKIO Lighting | Rs 173.53 crore | Rs 11.05 crore | +42.0% | +1.8% |
| IFGL Refractories | Rs 515.08 crore | Rs 17.06 crore | +12.7% | +6.0% |
| Mallcom India | Rs 109.68 crore | Rs 6.57 crore | -10.5% | -25.4% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three industrial products and lighting names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
IKIO Lighting vs IFGL Refractories vs Mallcom India highlights how differently three companies in the same industrial products and lighting segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on IKIO Lighting vs IFGL Refractories vs Mallcom India
What is the market cap difference between IKIO Lighting, IFGL Refractories and Mallcom India?
Ans. As of September 2026, IKIO Lighting has a market cap of approximately Rs 1,472 crore, IFGL Refractories is at approximately Rs 1,366 crore, and Mallcom India is at approximately Rs 584 crore.
Which of the three has the highest PE ratio?
Ans. Among IKIO Lighting, IFGL Refractories and Mallcom India, the PE ratios stand at 29.30, 33.36 and 21.81 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. IKIO Lighting, IFGL Refractories and Mallcom India post ROE of 6.28%, 3.15% and 9.44% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. IKIO Lighting, IFGL Refractories and Mallcom India carry dividend yields of 0.00%, 1.13% and 0.32% respectively.
What is the debt to equity ratio for IKIO Lighting, IFGL Refractories and Mallcom India?
Ans. IKIO Lighting carries a debt to equity of 0.12, IFGL Refractories of 0.18, and Mallcom India of 0.38.
Which of the three trades at the highest price to book value?
Ans. IKIO Lighting, IFGL Refractories and Mallcom India trade at price to book ratios of 2.44, 1.16 and 1.83 respectively.
Is one of IKIO Lighting, IFGL Refractories or Mallcom India better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
