Muzali Arts (BSE: MUZALI) had a P/E of 14.8× on 6 Nov 2026, below the industry P/E of 30.6×, and the shares are 36% below their 52-week high. It earns ROCE of 5.2% and ROE of 5.2%, and sales fell 25% a year over 3 years, though net profit is above operating profit, which points to a one-off gain. The company has almost no debt. It is a small-cap company with a market cap of ₹6.98 Cr, ranked 54th of 54 Furnishings, Fixtures & Appliances companies by market cap; the shares rose 20% over the past year.
- ₹1.16
- ₹1.32
- ₹1.16
- ₹1.16
- 1.4 L
Health check
- ReturnsAhead
+19.6% over a year, better than 7 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthShrinking
Sales −24.5% a year over 3 years.
- ProfitabilityWeak
ROCE 5.2% vs peer median 9.0%.
- Balance sheetFair
Practically debt-free, Piotroski 4 of 9.
- Red flags4 to check
Return on equity is low at 5.2%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹6.98 Cr
- Small cap
- P/E
- 14.8
- Industry 30.6
- Price to book
- 0.74
- Peers 4.21
- Dividend yield
- 0.00%
- ROE
- 5.2%
- Peers 5.8%
- ROCE
- 5.2%
- Peers 9.0%
- Debt to equity
- 0.01
- Debt ₹0.10 Cr
- EPS (TTM)
- ₹0.08
- OPM (TTM)
- 9.4%
- Net margin 94.1%
- Sales growth
- n/a
- Year-ago quarter not reported
- Profit growth
- −106.7%
- Latest quarter vs a year ago
- Price to sales
- 15.22
Strengths and risks
Strengths
- Practically debt-free.
Risks to check
- Return on equity is low at 5.2%.
- Quarterly profit down 106.7% on a year ago.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- 36% below its 52-week high.
About Muzali Arts
Muzali Arts Limited engages in the manufacturing and trading of furniture in India. The company provides bed, seating, storage, and tables, as well as accessories. It also offers interior designing products, such as collectibles, and home decor products, as well as trading of antique items. The company serves commercial and residential design and offers turn-key solutions for new homeowners. The company was formerly known as Welcon International Limited…
- Headquarters
- Nagpur
- Employees
- 4
- Sector
- Consumer Cyclical
- ISIN
- INE873S01022
- Website
- muzaliarts.com
Price range
- Avg volume (3M)
- 73.6K
- 1-year return
- plus 19.6%
- From 52-week high
- minus 36.2%
Peers · Furnishings, Fixtures & Appliances
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VOLTASVoltas | 1,099.00 | minus 1.47% | 36,364 | 77.8 | 5.39 | 9.3% | 5.8% | 4.9% | 14.5% | 40.7% | 0.36% | minus 17.9% |
| AMBERAmber Enterprises India | 6,403.00 | minus 2.76% | 22,582 | 236.1 | 5.15 | 7.2% | 5.3% | 7.2% | 20.7% | 4.2% | 0.00% | minus 15.5% |
| CROMPTONCrompton Greaves Consumer Electricals | 215.66 | plus 4.42% | 13,887 | – | 4.59 | −1.5% | −4.4% | 10.3% | 5.6% | – | 1.39% | minus 27.1% |
| WHIRLPOOLWhirlpool of India | 826.70 | plus 0.44% | 10,493 | 41.8 | 2.52 | 9.0% | 7.2% | 6.2% | 6.4% | 10.3% | 0.60% | minus 40.1% |
| TTKPRESTIGTTK Prestige | 608.75 | plus 10.47% | 8,338 | 43.1 | 4.21 | 10.8% | 8.3% | 8.8% | 2.3% | −14.2% | 1.23% | minus 17.6% |
| CELLOCello World | 363.75 | minus 2.27% | 8,204 | 26.4 | 2.91 | 16.1% | 13.0% | 19.9% | 9.2% | 7.6% | 0.41% | minus 41.6% |
| EUREKAFORBEureka Forbes | 366.20 | plus 4.27% | 7,092 | 37.1 | 1.54 | 4.0% | 3.6% | 11.5% | 9.0% | 83.1% | 0.00% | minus 35.1% |
| MUZALIMuzali Arts | 1.18 | plus 1.72% | 7 | 14.8 | 0.74 | 5.2% | 5.2% | 9.4% | −24.5% | – | 0.00% | plus 19.6% |
| Median of 7 peers | – | 0.44% | 10,493 | 42.5 | 4.21 | 9.0% | 5.8% | 8.8% | 9.0% | 8.9% | 0.41% | −27.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| – | – | – | 0.5 | – | |
| – | – | – | 0.2 | – | |
| −0 | −0.1 | −0 | 0.2 | −0.1 | |
| – | – | – | 49.7% | – | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| 0.1 | 0 | 0.1 | 0.3 | 0 | |
| 35.6% | 6.0% | −186.9% | 29.4% | 114.3% | |
| 0 | 0 | 0.2 | 0.2 | −0 | |
| 0.01 | 0.01 | 0.03 | 0.04 | – |
Profit & loss
- Sales CAGR 3Y
- −24.5%
- ROE
- 5.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.1 | 0.3 | – | 0.5 | |
| 2.1 | 1.6 | – | 0.4 | |
| −1.1 | −1.3 | −0.4 | 0.1 | |
| −100.5% | −440.9% | – | 21.8% | |
| 0.4 | 0.2 | 0.5 | 0.4 | |
| 0.1 | 0 | 0 | 0 | |
| 0 | 0 | – | – | |
| −2.5 | 0.1 | −2.9 | – | |
| −3.3 | −1.1 | −2.8 | 0.5 | |
| 2.4% | – | −4.3% | 4.1% | |
| −3.2 | −1.1 | −2.9 | 0.5 | |
| -0.54 | -0.18 | -0.50 | 0.08 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.9 | 5.9 | 5.9 | 5.9 | |
| 7 | 6.1 | 3.1 | 3.6 | |
| 0.1 | 0 | 0 | 0.1 | |
| 1.2 | 0.2 | 0.4 | 0.3 | |
| 14.3 | 12.2 | 9.4 | 10 | |
| 0.1 | 0.1 | −0 | −0 | |
| 0.1 | 0.1 | – | – | |
| 2.8 | 2.5 | – | – | |
| 0.7 | 0.4 | 0.2 | 0.4 | |
| 10.6 | 9.2 | 9.2 | 9.6 | |
| 14.3 | 12.2 | 9.4 | 10 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −3.3 | −0.7 | 1.2 | −0.4 | |
| 2.4 | 0.4 | −1.4 | 0.4 | |
| 1.4 | 0.1 | – | 0.1 | |
| 0.4 | −0.3 | −0.2 | 0.1 | |
| −0 | – | – | – | |
| −3.3 | −0.7 | 1.2 | −0.4 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.