MA
Muzali Arts
Services
539410 BSE
Price unavailable
Tapetide Score
Data-driven rating, 0–100. How it works →
No Tapetide Score has been computed for this stock yet.
Key Insights
Strengths
2- Company is almost debt free.
- Stock is trading at 0.61 times its book value
Weaknesses
3- Promoter holding is low: 32.8%
- Company has a low return on equity of -10.9% over last 3 years.
- Company has high debtors of 421 days.
Technical Indicators
Oscillators
Bearish
Bearish
3
Neutral
6
Bullish
0
Overall
Bearish
Bearish
11
Neutral
6
Bullish
2
Moving Averages
Bearish
Bearish
8
Neutral
0
Bullish
2
Growth Rate
Revenue Growth
—
Net Income Growth
116% higher than
3Y
change over 1 year
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0.05 | 0.12 | 0.14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.46 | 0 |
| Expenses | 0.26 | 0.24 | 0.06 | 1 | 3 | 0.04 | 0.02 | 0.22 | 0.03 | 0.07 | 0.03 | 0.23 | 0.08 |
| Operating Profit | -0.26 | -0.19 | 0.06 | -0.86 | -3 | -0.04 | -0.02 | -0.22 | -0.03 | -0.07 | -0.03 | 0.23 | -0.08 |
| OPM % | — | -380% | 50% | -614.29% | — | — | — | — | — | — | — | 50% | — |
| Other Income | 0.1 | 0.2 | 0.01 | 0.04 | 0.15 | 0.11 | 0.11 | 0.1 | 0.1 | 0.11 | 0.09 | 0.11 | 0.1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | -0.16 | 0.01 | 0.07 | -0.82 | -2.85 | 0.07 | 0.09 | -0.12 | 0.07 | 0.04 | 0.06 | 0.34 | 0.02 |
| Tax % | 0% | -400% | 0% | 0% | 1.4% | 42.86% | 33.33% | 25% | 42.86% | 0% | -183.33% | 29.41% | 150% |
| Net Profit | -0.17 | 0.05 | 0.06 | -0.82 | -2.89 | 0.04 | 0.06 | -0.15 | 0.05 | 0.03 | 0.16 | 0.24 | 0 |
| EPS (₹) | -0.03 | 0.01 | 0.01 | -0.14 | -0.49 | 0.01 | 0.01 | -0.03 | 0.01 | 0.01 | 0.03 | 0.04 | 0 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.1 | 9.9 | 11.73 | 8.82 | 15.89 | 3.77 | 0 | 2.75 | 1.07 | 0.3 | 0 | 0.46 | 0.46 |
| Expenses | 0.07 | 9.88 | 11.68 | 8 | 16.85 | 3.85 | 1.46 | 2.68 | 2.14 | 1.64 | 3.28 | 0.37 | 0.41 |
| Operating Profit | 0.03 | 0.02 | 0.05 | 0.82 | -0.96 | -0.08 | -1.46 | 0.07 | -1.07 | -1.34 | -3.28 | 0.09 | 0.05 |
| OPM % | 30% | 0.2% | 0.43% | 9.3% | -6.04% | -2.12% | — | 2.55% | -100% | -446.67% | — | 19.57% | 10.87% |
| Other Income | 0 | 0.04 | 0.19 | 0.34 | 1.34 | 0.82 | 0.61 | 0.37 | -2.08 | 0.31 | 0.46 | 0.41 | 0.41 |
| Interest | 0.01 | 0.02 | 0.02 | 0.06 | 0.24 | 0.17 | 0.08 | 0.13 | 0.11 | 0.03 | 0 | 0 | 0 |
| Depreciation | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 |
| PBT | 0.01 | 0.04 | 0.22 | 1.1 | 0.14 | 0.57 | -0.93 | 0.3 | -3.27 | -1.07 | -2.82 | 0.5 | 0.46 |
| Tax % | 100% | 25% | 27.27% | 27.27% | 28.57% | 26.32% | 0% | 16.67% | -2.45% | 0% | 4.26% | 4% | — |
| Net Profit | 0.01 | 0.03 | 0.16 | 0.79 | 0.1 | 0.41 | -0.94 | 0.25 | -3.19 | -1.07 | -2.94 | 0.48 | 0.43 |
| EPS (₹) | — | 0.01 | 0.08 | 0.39 | 0.05 | 0.2 | -0.19 | 0.05 | -0.54 | -0.18 | -0.5 | 0.08 | 0.08 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2.03 | 2.03 | 2.03 | 2.03 | 2.03 | 2.03 | 4.87 | 5.08 | 5.92 | 5.92 | 5.92 | 5.92 |
| Reserves | 1.2 | 1.22 | 1.38 | 2.17 | 2.13 | 2.56 | 7.92 | 7.55 | 7.03 | 6.08 | 3.14 | 3.63 |
| Borrowings | 0 | 0.27 | 0.29 | 2.47 | 2.57 | 2.03 | 0.93 | 2.11 | 0.11 | 0.01 | 0.01 | 0.1 |
| Other Liabilities | 0.11 | 0.74 | 4.71 | 5.49 | 7.61 | 4.44 | 1.02 | 1.58 | 1.23 | 0.23 | 0.35 | 0.31 |
| Total Liabilities | 3.34 | 4.26 | 8.41 | 12.16 | 14.34 | 11.06 | 14.74 | 16.32 | 14.29 | 12.24 | 9.42 | 9.96 |
| Fixed Assets | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.03 | 0.02 | 0.02 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.08 | 0.08 | 0.08 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0.41 | 1.74 | 4.76 | 2.85 | 2.51 | 0 | 0 |
| Other Assets | 3.32 | 4.25 | 8.4 | 12.15 | 14.33 | 10.64 | 12.96 | 11.45 | 11.34 | 9.63 | 9.42 | 9.96 |
| Total Assets | 3.34 | 4.26 | 8.41 | 12.16 | 14.34 | 11.06 | 14.74 | 16.32 | 14.29 | 12.24 | 9.42 | 9.96 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 0 | -0.07 | 4.9 | -0.7 | 3.34 | -3.76 | -9.26 | -1.11 | -3.34 | -0.7 | 1.23 | -0.4 |
| Investing | -0.01 | 0 | -4.89 | -0.69 | -3.76 | 4.3 | 3.36 | -1.46 | 2.37 | 0.37 | -1.4 | 0.45 |
| Financing | 0 | -0.01 | 0.02 | 2.12 | -0.14 | -0.71 | 8.02 | 0.65 | 1.4 | 0.07 | 0 | 0.09 |
| Net Cash Flow | -0.01 | -0.08 | 0.03 | 0.73 | -0.56 | -0.18 | 2.12 | -1.91 | 0.43 | -0.26 | -0.17 | 0.14 |
| Free Cash Flow | -0.01 | -0.07 | 4.9 | -0.7 | 3.34 | -3.76 | -9.31 | -1.18 | -3.35 | -0.7 | 1.23 | -0.4 |
| CFO/OP | 0 | -350 | 9,940 | -51 | -365 | 4,650 | 625 | -1,514 | 320 | 52 | -38 | -456 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 511 | 34.66 | 5.29 | 97.25 | 0 | 8.71 | — | 230 | 577 | 2,239 | — | 421 |
| Inventory Days | 0 | 7.22 | 6.01 | 0 | 0 | 23.61 | — | 321 | 545 | 0 | — | — |
| Days Payable | — | 23.19 | 146 | — | — | 411 | — | 98.39 | 143 | — | — | — |
| Cash Conversion Cycle | 511 | 18.69 | -135 | 97.25 | 0 | -379 | — | 452 | 979 | 2,239 | — | 421 |
| Working Capital Days | 110 | 14.75 | 114 | 244 | 134 | 598 | — | 1,281 | 3,224 | 10,889 | — | 7,356 |
| ROCE % | 0.62% | 1.78% | 6.65% | 22.37% | 5.67% | 11.09% | -8.36% | 3.09% | -5.11% | -8.3% | -26.76% | 5.34% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Muzali Arts insights
59 extracted metrics + investor summaries across FY14–FY27.
Documents
Frequently Asked Questions about Muzali Arts
What does Muzali Arts Ltd do?
Incorporated in 1995, Muzali Arts Ltd (formerly Welcon International Ltd) is engaged in manufacturing of furniture and trading of Antique items[1]
Where is Muzali Arts Ltd (539410) listed?
Muzali Arts Ltd trades under code 539410 on the BSE.
Which sector does Muzali Arts Ltd belong to?
Muzali Arts Ltd is classified under the Services sector, in the Commercial Services & Supplies industry.
Company Information
Incorporated in 1995, Muzali Arts Ltd (formerly Welcon International Ltd) is engaged in manufacturing of furniture and trading of Antique items[1]
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