BSE: 532357 | NSE: MUKTAARTS | Film Production, Distribution & Entertainment | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Mukta Arts Ltd is a below average quality company.
The key valuation ratios of Mukta Arts Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Mukta Arts Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 2.6% | 5.1% | 4.6% | 6% | 5.8% | 7.4% | 14.3% | 6.8% | 7.2% | - |
| Value Creation Index ⓘ | -1.0 | -0.8 | -0.6 | -0.7 | -0.6 | -0.6 | -0.5 | 0.0 | -0.5 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 104 | 58.1 | 59.3 | 11.5 | 19.7 | 21.6 | 18.6 | 48.3 | 19.9 | 27.5 | 27 |
| Sales YoY Gr. | - | -44.2% | 2.2% | -80.6% | 71% | 9.9% | -13.8% | 159.5% | -58.9% | 38.5% | - |
| Adj EPS ⓘ | -3.1 | -0.9 | 0.5 | -0.8 | 1.7 | 2.3 | 3 | 8.6 | 3.7 | 4.6 | 3.2 |
| YoY Gr. | - | NA | NA | -248.2% | NA | 32% | 32.2% | 185.3% | -57% | 23.6% | - |
| BVPS (₹) ⓘ | 49.5 | 48.7 | 60.4 | 61 | 62.6 | 62.4 | 65.5 | 75.1 | 78.8 | 83.4 | 84.2 |
| Adj Net Profit ⓘ | -7 | -2 | 1.2 | -1.8 | 3.9 | 5.1 | 6.8 | 19.3 | 8.3 | 10.3 | 7 |
| Cash Flow from Ops. ⓘ | 32.9 | -5.7 | -14.2 | -4.1 | -0.3 | 3.2 | 4.9 | -11.5 | -8.1 | -11.2 | - |
| Debt/CF from Ops. ⓘ | 1.3 | -9.1 | -3.5 | -13.4 | -162.5 | 18 | 11.5 | -4.7 | -7.3 | -5.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -13.7% | 7% | 13.9% | 38.5% | ||||
| Adj EPS ⓘ | NA | 21.5% | 14.9% | 23.6% | ||||
| BVPSⓘ | 6% | 5.9% | 8.4% | 5.9% | ||||
| Share Price | 11.4% | 18.3% | 21.7% | 12.4% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -6.1 | -1.8 | 1 | -1.3 | 2.8 | 3.6 | 4.7 | 12.2 | 4.8 | 5.6 | 3.8 |
| Op. Profit Mgn % ⓘ | 27.6 | 11.2 | 5.1 | -26.5 | 14.5 | 12.9 | 31.1 | 37.6 | 19.4 | 14.1 | 1.1 |
| Net Profit Mgn % ⓘ | -6.8 | -3.4 | 2.1 | -15.8 | 19.7 | 23.8 | 36.3 | 40 | 41.8 | 37.4 | 27 |
| Debt to Equity ⓘ | 0.4 | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 |
| Working Cap Days ⓘ | 415 | 583 | 621 | 4,167 | 2,570 | 2,413 | 3,093 | 1,348 | 3,454 | 2,610 | 1,573 |
| Cash Conv. Cycle ⓘ | -32 | -70 | -10 | 119 | 109 | 148 | 231 | 95 | 195 | 200 | 1,346 |
Sales growth is growing at healthy rate in last 3 years 13.89%
Sales growth is good in last 4 quarters at 27.51%
Return on Equity has declined versus last 3 years average to 3.80%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.2 | -8 |
| TTM Sales (₹ Cr.) | 26.7 | 174 |
| BVPS (₹.) ⓘ | 84.2 | -17.1 |
| Reserves (₹ Cr.) ⓘ | 179 | -50 |
| P/BV ⓘ | 1.05 | -5.16 |
| PE ⓘ | 27.60 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 61.00 / 116.50 |
| All Time Low / High (₹) | 15.20 / 295.00 |
| Market Cap (₹ Cr.) | 199 |
| Equity (₹ Cr.) | 11.3 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 43 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 104 | 58 | 59 | 12 | 20 | 22 | 19 | 48 | 20 | 28 |
| Operating Expenses ⓘ | 75 | 52 | 56 | 15 | 17 | 19 | 13 | 30 | 16 | 24 |
| Manufacturing Costs | 15 | 10 | 10 | 3 | 4 | 7 | 6 | 21 | 4 | 13 |
| Material Costs | 2 | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 7 | 9 | 11 | 5 | 6 | 6 | 4 | 4 | 5 | 5 |
| Other Costs ⓘ | 51 | 29 | 32 | 7 | 8 | 6 | 4 | 5 | 7 | 5 |
| Operating Profit ⓘ | 29 | 7 | 3 | -3 | 3 | 3 | 6 | 18 | 4 | 4 |
| Operating Profit Margin (%) | 27.6% | 11.2% | 5.1% | -26.5% | 14.5% | 12.9% | 31.1% | 37.6% | 19.4% | 14.1% |
| Other Income ⓘ | 7 | 4 | 13 | 14 | 11 | 11 | 11 | 15 | 14 | 16 |
| Interest ⓘ | 8 | 6 | 7 | 7 | 6 | 7 | 6 | 6 | 5 | 6 |
| Depreciation ⓘ | 36 | 6 | 7 | 3 | 2 | 2 | 2 | 2 | 2 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -8 | -2 | 2 | 2 | 6 | 5 | 9 | 25 | 10 | 11 |
| Tax ⓘ | -1 | 0 | 1 | 0 | 2 | -1 | 2 | 4 | 2 | 1 |
| Profit After Tax | -7 | -2 | 1 | 1 | 4 | 5 | 7 | 21 | 8 | 10 |
| PAT Margin (%) | -6.7% | -3.3% | 2.1% | 13.0% | 19.7% | 23.9% | 37.5% | 42.6% | 42.4% | 37.6% |
| Adjusted EPS (₹) | -3.1 | -0.8 | 0.6 | 0.7 | 1.7 | 2.3 | 3.1 | 9.1 | 3.7 | 4.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 73% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 112 | 110 | 136 | 138 | 141 | 141 | 148 | 170 | 178 | 188 |
| Share Capital ⓘ | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves ⓘ | 100 | 99 | 125 | 127 | 130 | 130 | 137 | 158 | 167 | 177 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 35 | 51 | 48 | 52 | 52 | 54 | 54 | 51 | 58 | 60 |
| Long Term Debt | 9 | 45 | 39 | 44 | 44 | 46 | 47 | 45 | 53 | 53 |
| Short Term Debt | 26 | 6 | 9 | 8 | 8 | 8 | 7 | 6 | 5 | 7 |
| Trade Payables | 17 | 11 | 1 | 2 | 2 | 3 | 2 | 3 | 2 | 4 |
| Others Liabilities ⓘ | 52 | 39 | 16 | 12 | 15 | 18 | 45 | 25 | 27 | 16 |
| Total Liabilities ⓘ | 215 | 210 | 201 | 204 | 211 | 216 | 249 | 249 | 265 | 268 |
Fixed Assets | ||||||||||
| Gross Block | 191 | 193 | 154 | 155 | 155 | 161 | 163 | 163 | 164 | 166 |
| Accumulated Depreciation | 135 | 141 | 131 | 133 | 135 | 140 | 143 | 150 | 152 | 154 |
| Net Fixed Assetsⓘ | 55 | 52 | 24 | 21 | 20 | 21 | 20 | 13 | 12 | 12 |
| CWIP ⓘ | 6 | 12 | 4 | 4 | 4 | 6 | 5 | 2 | 4 | 3 |
| Investmentsⓘ | 43 | 43 | 43 | 41 | 41 | 41 | 27 | 29 | 32 | 33 |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 8 | 8 | 6 | 5 | 13 | 11 | 19 | 15 | 16 | 22 |
| Cash Equivalents | 3 | 3 | 2 | 3 | 3 | 6 | 11 | 8 | 13 | 7 |
| Others Assetsⓘ | 98 | 93 | 123 | 129 | 130 | 131 | 168 | 183 | 189 | 192 |
| Total Assets ⓘ | 215 | 210 | 201 | 204 | 211 | 216 | 249 | 249 | 265 | 268 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 33 | -6 | -14 | -4 | 0 | 3 | 5 | -11 | -8 | -11 |
| PBT ⓘ | -8 | -2 | 5 | 2 | 6 | 5 | 9 | 25 | 10 | 11 |
| Adjustment ⓘ | 40 | 9 | 7 | 5 | 8 | 7 | 0 | -3 | -3 | -3 |
| Changes in Working Capital ⓘ | -3 | -14 | -26 | -10 | -12 | -4 | -1 | -30 | -14 | -18 |
| Tax Paid ⓘ | 4 | 1 | 0 | 0 | -2 | -4 | -2 | -3 | -3 | -2 |
| Cash Flow From Investing Activity ⓘ | -12 | -4 | 21 | 7 | 6 | 2 | 6 | 16 | 10 | 9 |
| Capex | -14 | -8 | 17 | -1 | 0 | -2 | -2 | 10 | 0 | -1 |
| Net Investments | 0 | 1 | 0 | 0 | 0 | -2 | 0 | -2 | 0 | -1 |
| Others ⓘ | 1 | 3 | 5 | 7 | 6 | 7 | 8 | 8 | 10 | 11 |
| Cash Flow From Financing Activityⓘ | -21 | 10 | -8 | -2 | -6 | -4 | -6 | -9 | 3 | -5 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -6 | -6 | -6 | -7 | -6 | -7 | -6 | -6 | -5 | -6 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -15 | 16 | -1 | 5 | 0 | 2 | -1 | -3 | 8 | 1 |
| Net Cash Flow ⓘ | 0 | 0 | -1 | 0 | 0 | 1 | 4 | -4 | 6 | -6 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -6.06 | -1.72 | 1.01 | 1.09 | 2.78 | 3.66 | 4.84 | 12.97 | 4.85 | 5.64 |
| ROCE (%) | 0.04 | 2.62 | 5.11 | 4.61 | 6.02 | 5.84 | 7.43 | 14.32 | 6.8 | 7.17 |
| Asset Turnover Ratio | 0.45 | 0.31 | 0.33 | 0.06 | 0.09 | 0.1 | 0.08 | 0.19 | 0.08 | 0.1 |
| PAT to CFO Conversion(x) | N/A | N/A | -14 | -4 | 0 | 0.6 | 0.71 | -0.52 | -1 | -1.1 | Working Capital Days |
| Receivable Days | 66 | 46 | 37 | 169 | 166 | 205 | 299 | 128 | 281 | 252 |
| Inventory Days | 1 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 4,057 | 1,654 | 707 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Mukta Arts (MAL), incorporated 1982, was founded by the well known Bollywood director Subhash Ghai. The company is engaged in various areas of film making such as production, distribution, exhibition,and imparting education.
Mukta Arts, well known in Hindi film industry, has directed many blockbuster movies namely Karz, Hero, Karma, Ram Lakhan, Saudagar, Khalnayak, Pardes,
The company also has control over 50 multiplexes with 200 screens and 40 single screens in north India. This acts as the company's strength in area of distribution and exhibition for its own films.
The company also operates an education institute under the name Whistling Woods International, where students are trained to specialise in several area of movie making process.
In 2011 MuktaArts - Acquired the Distribution Rights of English Film "Sanctum", The same year Mukta Arts launched "Mukta A2 Cinemas" - a cost effective multiplex movie- watching experience with competitive ticket pricing, with its first cineplex rollout at Centresquare Mall, Vadodara on July 15th.
In 2012 Mukta Cinemas commenced operations at its second multiplex, based at Gulmohur Mall, Ahmedabad.
Business Division
Distribution and Exhibition: Mukta Arts started its business operations with distribution and exhibition. The company has released several movies namely Black & White, Aap Ka Suroor, Shaka Laka Boom Boom, Rush Hour-3, Harry Potter & The Order of the Phoenix, Die Hard, Shivaji - The Boss, The Train, Darling, Aggar, Naya Daur (Colour), Kya Love Story Hai and Good Boy Bad Boy.
Production Services: The company also offers production services as it provides extensive production facilities to other production houses. Under production facilities it provides Generator vans, Arri III, Arricam cameras with Hawk Lens, Lights, Grip equipments, Remote control pheonix crane, Height 48ft and location Sync sound system.
Education- The company’s institute Whistling Woods International provides education in areas of acting, art and technique of animation, producing, cinematography, direction, editing, screenwriting, sound recording and design and music production. The company has academic advisory board that includes film personalities Naseeruddin Shah, Hema Malini, Rakeysh Mehra, Shah Rukh Khan, Shiamak Davar, Shabana Azmi, A.R. Rahman and many more.
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