Muzali Arts Ltd
Incorporated in 1995, Muzali Arts Ltd (formerly Welcon International Ltd) is engaged in manufacturing of furniture and trading of Antique items[1]
- Market Cap ₹ 5.80 Cr.
- Current Price ₹ 0.98
- High / Low ₹ /
- Stock P/E
- Book Value ₹ 2.03
- Dividend Yield 0.00 %
- ROCE -8.46 %
- ROE -8.74 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.48 times its book value
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 32.8%
- Company has a low return on equity of -9.68% over last 3 years.
- Company has high debtors of 2,239 days.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -3.81%
- Working capital days have increased from 4,829 days to 10,889 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Commercial Services & Supplies Trading & Distributors
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 3.77 | 2.23 | 11.42 | 1.07 | 0.30 | |
| 3.85 | 4.62 | 14.41 | 2.14 | 1.64 | |
| Operating Profit | -0.08 | -2.39 | -2.99 | -1.07 | -1.34 |
| OPM % | -2.12% | -107.17% | -26.18% | -100.00% | -446.67% |
| 0.82 | 0.63 | 1.61 | -2.08 | 0.31 | |
| Interest | 0.17 | 0.12 | 0.38 | 0.11 | 0.03 |
| Depreciation | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 |
| Profit before tax | 0.57 | -1.88 | -1.77 | -3.27 | -1.07 |
| Tax % | 26.32% | 0.00% | 2.82% | -2.45% | 0.00% |
| 0.41 | -1.88 | -1.82 | -3.19 | -1.07 | |
| EPS in Rs | 0.20 | -0.39 | -0.36 | -0.54 | -0.18 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -49% |
| TTM: | -72% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 12% |
| TTM: | -47% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | -30% |
| 3 Years: | -22% |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -10% |
| Last Year: | -9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 2.03 | 4.87 | 5.08 | 5.92 | 5.92 |
| Reserves | 2.56 | 8.57 | 6.86 | 7.03 | 6.08 |
| 2.03 | 4.67 | 9.11 | 0.11 | 0.01 | |
| 4.44 | 2.71 | 6.26 | 1.23 | 0.23 | |
| Total Liabilities | 11.06 | 20.82 | 27.31 | 14.29 | 12.24 |
| 0.01 | 0.03 | 0.03 | 0.02 | 0.02 | |
| CWIP | 0.00 | 0.01 | 0.08 | 0.08 | 0.08 |
| Investments | 0.41 | 0.24 | 4.76 | 2.85 | 2.51 |
| 10.64 | 20.54 | 22.44 | 11.34 | 9.63 | |
| Total Assets | 11.06 | 20.82 | 27.31 | 14.29 | 12.24 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| -3.76 | -10.70 | -3.18 | -3.34 | -0.70 | |
| 4.30 | 4.32 | -0.16 | 2.37 | 0.54 | |
| -0.71 | 8.03 | 2.93 | 1.40 | -0.10 | |
| Net Cash Flow | -0.18 | 1.64 | -0.41 | 0.43 | -0.26 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 8.71 | 0.00 | 1.92 | 576.50 | 2,238.67 |
| Inventory Days | 23.61 | 3,680.42 | 957.19 | 544.86 | 0.00 |
| Days Payable | 411.24 | 547.50 | 86.03 | 142.83 | |
| Cash Conversion Cycle | -378.91 | 3,132.92 | 873.07 | 978.52 | 2,238.67 |
| Working Capital Days | 598.33 | 2,114.71 | 374.91 | 3,223.60 | 10,889.17 |
| ROCE % | -13.93% | -6.88% | -4.11% | -8.46% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Nov - Publication of financial results in news paper
- Un-Audited Standalone Financial Results 14 Nov
-
Board Meeting Outcome for Held On 14Th November 2025
14 Nov - Board approved Q2 (Sep 30, 2025) results; auditor flagged NBFC registration issue and Rs6.73 crore loans unverified.
-
Board Meeting Intimation for Regarding Adjournment Of Board Meeting
12 Nov - Board meeting to approve Q2/half-year results adjourned from Nov 12 to Nov 14, 2025.
-
Board Meeting Intimation for Unaudited Financial Result For The Second Quarter And Half Year Ended On September 30, 2025
5 Nov - Board meeting 12 Nov 2025 to approve Q2/H1 results (Sept 30, 2025); trading window closed until 48 hours after results.
Services Offered:[1]
a) Trading and Manufacturing of furniture
b) Interior Designing
c) Land Scape development business