Mukta Arts Limited (MUKTAARTS) AI Stock Analysis

• Market Cap: ₹1.30B
• Dividend Yield: N/A
• Average Volume (3M): 271.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.77
• Revenue Growth: -3.03%
• EPS Growth: 6.44%
• Country: IN
• Employees: 57
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Entertainment
• EPS (TTM): -1.57
• Shares Outstanding: 22,585,200
• 10 Day Avg. Volume: 408
• 30 Day Avg. Volume: 271
• PEG Ratio: -0.06
• Price to Book (P/B): -3.35
• Price to Sales (P/S): 0.93
• P/FCF Ratio: 39.77
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: ₹56.00 ▼(-10.24% Downside)

The score is pressured mainly by weak financial performance, especially ongoing losses and a high-risk balance sheet with negative equity. Technicals add further downside due to a clear downtrend and bearish momentum. Valuation is neutral-to-weak because the negative P/E reflects loss-making operations and there is no dividend yield data to offset the risk.

Positive Factors

Positive operating and free cash flow

Consistent positive operating cash flow and intermittent positive free cash flow provide a durable liquidity buffer that supports content production cycles and theater operations. This cash generation reduces near-term refinancing pressure and can fund strategic investments or cover losses while turnaround efforts persist.

Diversified revenue streams across production, exhibition and digital

A multi‑stream business model—production, distribution, exhibition, satellite and streaming rights—creates structural resilience by smoothing volatility across release windows and monetization channels. This diversification aids revenue stability and strategic flexibility in licensing and partnership deals over the medium term.

Established brand and owned exhibition platform

Heritage brand and direct ownership of multiplex venues provide enduring competitive advantages: control over release scheduling, first‑mover exhibition access, and F&B margins. This vertical integration strengthens negotiating leverage with distributors and streamers and supports consistent content monetization opportunities.

Negative Factors

Negative equity and high leverage

A negative equity position and high leverage are structural solvency concerns that limit access to new capital, raise refinancing risk, and increase probability of covenant breaches. Over months, this constraint can restrict content investment, theater upgrades, and strategic deals, undermining long‑term operational flexibility.

Persistent operating losses and negative net margins

Ongoing operating losses indicate the core business has not achieved sustainable profitability. Even with gross margin gains, persistent net losses signal structural cost or scale issues, jeopardizing reinvestment capacity and making long‑term growth dependent on turnaround execution or capital injections.

Declining revenue trend

Negative revenue growth points to weakening demand or inconsistent content pipeline, which erodes economies of scale in exhibition and content monetization. Over the coming months, declining top line makes margin recovery harder, limits cash flow upside, and increases reliance on one‑off asset sales or hit releases.

Mukta Arts Limited Business Overview & Revenue Model

Company Description

Mukta Arts Limited engages in the production, distribution, and exhibition of films in India. It operates through five segments: Software Division, Equipment Division, Education, Theatrical Exhibition Division, and Others. The Software Division segment is involved in film/TV production and distribution operations. This segment produces/co-produces movies and television content, as well as offers related services; and acquires movie rights for overseas and Indian distribution. The Equipment Division segment provides production equipment to other production houses and independent producers on hire. The Education segment operates an education, research, and training institute that offer training in various skills related to films, television, and the media industry. The Theatrical Exhibition Division segment comprises various services offered at theatres, including the sale of tickets, catering of food and beverages, and providing advertising services at theatres, as well as related services. The Others segment engages in the facility rental business. Mukta Arts Limited was founded in 1978 and is based in Mumbai, India.

How the Company Makes Money

Mukta Arts generates revenue through multiple streams. Primarily, the company earns income from film production and distribution, where it profits from box office collections, satellite rights, and digital streaming rights. The exhibition segment contributes significantly through ticket sales from its multiplex chain, as well as food and beverage sales at its theaters. Furthermore, Mukta Arts engages in co-productions and partnerships with other studios, which can provide additional revenue through shared profits. The company also explores merchandising opportunities related to its film properties, contributing to its overall earnings.

Mukta Arts Limited Financial Statement Overview

Summary

Overall financial health is weak: profitability is consistently negative with declining revenue, and the balance sheet is a major risk with negative equity and high leverage. Operating and free cash flow are positive, which provides some support, but not enough to offset solvency and earnings concerns.

Income Statement

Mukta Arts Limited has faced challenges with profitability as evidenced by consistent negative EBIT and net income over recent years. The gross profit margin improved from 2024 to 2025, but the company has seen a decline in total revenue during the same period. The net profit margin remains negative, indicating ongoing struggles with costs relative to revenue.

Balance Sheet

The balance sheet of Mukta Arts Limited shows high levels of debt relative to equity, with a negative stockholders' equity position, suggesting financial instability. The debt-to-equity ratio is concerning, reflecting potential solvency issues. The equity ratio is negative, indicating that liabilities exceed total assets, which is a significant risk factor.

Cash Flow

The company's cash flow statement shows some positive aspects, such as consistent positive operating cash flow. Free cash flow has been positive, albeit fluctuating. However, the net income to cash flow ratios suggest inefficiencies in converting profits into cash flow, which may point to underlying operational issues.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.65B	1.67B	1.95B	1.53B	1.22B	728.85M
Gross Profit	1.08B	625.91M	1.33B	1.12B	885.31M	38.92M
EBITDA	182.94M	174.23M	279.91M	157.04M	403.93M	217.54M
Net Income	-162.64M	-169.54M	-66.59M	-187.54M	62.20M	-123.02M
Balance Sheet
Total Assets	0.00	2.42B	2.24B	2.43B	2.49B	2.44B
Cash, Cash Equivalents and Short-Term Investments	246.76M	246.76M	118.80M	159.19M	182.12M	185.33M
Total Debt	0.00	1.19B	1.15B	1.24B	1.18B	1.05B
Total Liabilities	390.59M	2.81B	2.46B	2.56B	2.39B	2.43B
Stockholders Equity	-390.59M	-461.28M	-276.89M	-206.10M	45.62M	-31.43M
Cash Flow
Free Cash Flow	0.00	38.84M	33.10M	37.12M	131.53M	320.97M
Operating Cash Flow	0.00	117.40M	104.60M	176.97M	358.91M	332.19M
Investing Cash Flow	0.00	-45.60M	-47.55M	-98.25M	-246.74M	-7.12M
Financing Cash Flow	0.00	-75.48M	-109.35M	-92.22M	-159.38M	-217.25M

Mukta Arts Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 62.39
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MUKTAARTS, the sentiment is Negative. The current price of 62.39 is above the 20-day moving average (MA) of 61.94, below the 50-day MA of 62.48, and below the 200-day MA of 72.06, indicating a bearish trend. The MACD of -2.16 indicates Positive momentum. The RSI at 38.85 is Neutral, neither overbought nor oversold. The STOCH value of 13.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MUKTAARTS.

Mukta Arts Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SAREGAMA	63 Neutral	₹65.69B	32.31	―	2.59%	26.97%	8.03%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
BALAJITELE	59 Neutral	₹10.18B	11.90	―	―	-50.42%	2921.37%
SHEMAROO	51 Neutral	₹2.68B	-1.77	―	―	-2.93%	-50.62%
MUKTAARTS	43 Neutral	₹1.30B	-8.28	―	―	-3.03%	6.44%
RADAAN	43 Neutral	₹162.48M	-4.67	―	―	-79.97%	-219.35%
EROSMEDIA	37 Underperform	₹756.76M	-1.24	―	―	-69.51%	71.68%

Mukta Arts Limited Corporate Events

Mukta Arts Files Revised FY24 Results After SEBI Compliance Clarification

Mukta Arts Limited has submitted a clarification to the National Stock Exchange of India regarding its financial results for the quarter and year ended 31 March 2024, acknowledging that it had inadvertently omitted the balancing figure note required under Regulation 33(3)(e) of the SEBI Listing Regulations. The company has now filed revised standalone financial results including the missing note and has stated that additional checks will be implemented to ensure full compliance in future submissions, aiming to address regulatory concerns and reassure stakeholders about the accuracy and completeness of its financial disclosures.

Exchange Seeks Clarification from Mukta Arts on September 2025 Quarter Results

Mukta Arts Limited, a film and media company involved in the production and distribution of entertainment content, operates within India’s media and entertainment sector. The stock exchange has sought clarification from Mukta Arts Limited regarding its financial results for the quarter ended 30 September 2025 under Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements, and the company’s response is currently awaited, leaving investors and other stakeholders without further details on the nature or implications of the query.

Mukta Arts Infuses Fresh Capital into Overseas Multiplex Arm, Bolsters Governance

Mukta Arts Limited has reported that it has made a further investment of BHD 60,000 in its overseas cinema exhibition subsidiary, Mukta A2 Multiplex W.L.L, by subscribing to 600 additional equity shares as part of a previously approved plan for up to BHD 100,000 of fresh capital. The move underscores the company’s continued commitment to strengthening its multiplex business in international markets, while the earlier board decisions in May 2025 also saw the appointment of new statutory, secretarial and internal auditors and the induction of an additional independent director, signaling a broader effort to reinforce governance, oversight and operational robustness for stakeholders.