---
title: "Muzali Arts (MUZALI) Share Price, Financials & Research"
symbol: "539410"
company: "Muzali Arts Ltd"
canonical: "https://tapetide.com/stocks/539410"
isin: "INE873S01022"
bse_code: "539410"
sector: "Commercial Services"
industry: "Trading & Distributors"
generated_at: "2026-11-05T01:37:42.507Z"
---

# Muzali Arts (MUZALI)

Canonical page: https://tapetide.com/stocks/539410

## Key Facts

- **Close:** ₹1.17 on 4 Nov 2026
- **P/E (TTM):** 14.62 as of 4 Nov 2026
- **Revenue, Jun 2026 quarter:** under ₹1 Cr, against under ₹1 Cr in Jun 2025
- **Net profit, Jun 2026 quarter:** under ₹0.01 Cr, against ₹0.05 Cr in Jun 2025
- **Promoter holding:** 32.77% in Sep 2026, unchanged from Jun 2026

## Company

- **BSE code:** 539410
- **ISIN:** INE873S01022
- **Macro sector:** Services
- **Sector:** Commercial Services
- **Industry:** Trading & Distributors
- **In the F&O segment:** No

## Latest Price

- **Close:** ₹1.17 on 4 Nov 2026

## Key Fundamentals

Price-based figures at the 4 Nov 2026 close · EPS basis: Standalone · TTM.

- **ROCE:** 5.34%
- **Debt to Equity:** 0.01
- **EPS (TTM):** ₹0.08
- **Book Value:** ₹1.61
- **P/E (TTM):** 14.62
- **P/B:** 0.73
- **ROE:** 5.16%
- **Dividend Yield:** 0.00%
- **EBITDA:** -₹1.10 Cr
- **52W High:** ₹176.40
- **52W Low:** ₹1.10

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.61 times its book value

### Weaknesses

- 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

As of 4 Nov 2026.

| Group | Signal | Bearish | Neutral | Bullish |
| --- | --- | ---: | ---: | ---: |
| Overall | Bearish | 3 | 15 | 1 |
| Oscillators | Neutral | 1 | 7 | 1 |
| Moving Averages | Bearish | 2 | 8 | 0 |

### Oscillators: Neutral

| Name | Value | Signal |
| --- | ---: | --- |
| RSI (14) | 32.38 | Neutral |
| MACD (12,26,9) | — | Neutral |
| Stochastic (14,3,3) | — | Neutral |
| ADX (14) | — | Neutral |
| Williams %R (14) | -90.67 | Bullish |
| ATR (14) | 0.16 | Neutral |
| ROC (12) | -30.77 | Bearish |
| Stoch RSI (14) | — | Neutral |
| UO (7,14,28) | — | Neutral |

### Moving Averages: Bearish

| Name | Value | Signal |
| --- | ---: | --- |
| SMA (10) | 1.44 | Bearish |
| EMA (10) | 1.40 | Bearish |
| SMA (20) | — | Neutral |
| EMA (20) | — | Neutral |
| SMA (50) | — | Neutral |
| EMA (50) | — | Neutral |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Pivot Points

| Level | Classic | Fibonacci | Camarilla |
| --- | ---: | ---: | ---: |
| R3 | 1.53 | 1.43 | 1.23 |
| R2 | 1.43 | 1.34 | 1.21 |
| R1 | 1.30 | 1.29 | 1.19 |
| PP | 1.20 | 1.20 | 1.20 |
| S1 | 1.07 | 1.11 | 1.15 |
| S2 | 0.97 | 1.06 | 1.13 |
| S3 | 0.84 | 0.97 | 1.11 |

## Growth Rate

Growth computed from the financial statements below. A window with no rate gives the reason instead of a figure.

| Metric | Window | Growth | What it compares |
| --- | --- | ---: | --- |
| Revenue | 10Y | -26.43% | compounded annual rate, Mar 2016 to Mar 2026 |
| Revenue | 5Y | Zero base | compounded annual rate, Mar 2021 to Mar 2026: ₹0.00 Cr to ₹0.46 Cr. The starting figure is zero, so there is no rate. |
| Revenue | 3Y | -24.53% | compounded annual rate, Mar 2023 to Mar 2026 |
| Revenue | 1Y | Zero base | fiscal year to Mar 2026 vs the year to Mar 2025: ₹0.00 Cr to ₹0.46 Cr. The starting figure is zero, so there is no rate. |
| Revenue | TTM | Zero base | four quarters to Jun 2026 vs the four to Jun 2025: ₹0.00 Cr to ₹0.46 Cr. The starting figure is zero, so there is no rate. |
| Net profit | 10Y | 31.95% | compounded annual rate, Mar 2016 to Mar 2026 |
| Net profit | 5Y | Turned to profit | compounded annual rate, Mar 2021 to Mar 2026: -₹0.94 Cr to ₹0.48 Cr. A loss at the start and a profit at the end. A growth rate off a loss has no meaning. |
| Net profit | 3Y | Turned to profit | compounded annual rate, Mar 2023 to Mar 2026: -₹3.19 Cr to ₹0.48 Cr. A loss at the start and a profit at the end. A growth rate off a loss has no meaning. |
| Net profit | 1Y | Turned to profit | fiscal year to Mar 2026 vs the year to Mar 2025: -₹2.94 Cr to ₹0.48 Cr. A loss at the start and a profit at the end. A growth rate off a loss has no meaning. |
| Net profit | TTM | Tiny base | four quarters to Jun 2026 vs the four to Jun 2025: ₹0.00 Cr to ₹0.43 Cr. The starting figure is so small that the rate is beyond ±1,000% and says nothing. |
| Operating cash flow | 10Y | Outflow widened | compounded annual rate, Mar 2016 to Mar 2026: -₹0.07 Cr to -₹0.40 Cr. A cash outflow at both ends, larger at the end. |
| Operating cash flow | 5Y | Outflow narrowed | compounded annual rate, Mar 2021 to Mar 2026: -₹9.26 Cr to -₹0.40 Cr. A cash outflow at the start, and a smaller one or none at the end. |
| Operating cash flow | 3Y | Outflow narrowed | compounded annual rate, Mar 2023 to Mar 2026: -₹3.34 Cr to -₹0.40 Cr. A cash outflow at the start, and a smaller one or none at the end. |
| Operating cash flow | 1Y | Turned negative | fiscal year to Mar 2026 vs the year to Mar 2025: ₹1.23 Cr to -₹0.40 Cr. A cash inflow at the start and an outflow at the end. |
| Operating cash flow | TTM | — | four quarters to Jun 2026 vs the four to Jun 2025. Reported once a year, so there is no trailing-twelve-month figure. |
| Operating margin | 10Y | +19.37 pp | compounded annual rate, Mar 2016 to Mar 2026 |
| Operating margin | 5Y | No sales | compounded annual rate, Mar 2021 to Mar 2026. Sales are zero or negative in one of the two periods, so there is no margin. |
| Operating margin | 3Y | +119.57 pp | compounded annual rate, Mar 2023 to Mar 2026 |
| Operating margin | 1Y | No sales | fiscal year to Mar 2026 vs the year to Mar 2025. Sales are zero or negative in one of the two periods, so there is no margin. |
| Operating margin | TTM | No sales | four quarters to Jun 2026 vs the four to Jun 2025. Sales are zero or negative in one of the two periods, so there is no margin. |

## Financial Statements

### Quarterly Results

Figures in ₹ crore unless the row name gives another unit.

| Item | 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 |
| Profit before tax | -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 in Rs | -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

Figures in ₹ crore unless the row name gives another unit.

| Item | 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 |
| Profit before tax | 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 in Rs | — | 0.01 | 0.08 | 0.39 | 0.05 | 0.2 | -0.19 | 0.05 | -0.54 | -0.18 | -0.5 | 0.08 | 0.08 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |

### Balance Sheet

Figures in ₹ crore unless the row name gives another unit.

| Item | 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

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash from Operating Activity | 0 | -0.07 | 4.9 | -0.7 | 3.34 | -3.76 | -9.26 | -1.11 | -3.34 | -0.7 | 1.23 | -0.4 |
| Cash from Investing Activity | -0.01 | 0 | -4.89 | -0.69 | -3.76 | 4.3 | 3.36 | -1.46 | 2.37 | 0.37 | -1.4 | 0.45 |
| Cash from Financing Activity | 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

| Item | 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% |

## Shareholding Pattern

### Quarterly Shareholding

Holdings in % of shares; shareholders as a count.

| Holder | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | 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 | Sep 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Promoters | 30.98% | 30.98% | 30.98% | 30.98% | 33.90% | 36.58% | 36.58% | 32.77% | 32.77% | 33.40% | 32.77% | 32.77% | 32.77% | 32.77% | 32.77% | 32.77% | 32.77% | 32.77% | 32.77% | 32.77% | 32.77% | 32.77% | 32.77% |
| FIIs | 2.08% | 2.08% | 1.82% | 1.70% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 48.37% | 66.93% | 67.19% | 67.31% | 50.47% | 48.69% | 46.66% | 53.02% | 53.11% | 66.58% | 52.15% | 51.62% | 51.17% | 51.17% | 51.17% | 51.17% | 51.17% | 51.17% | 51.33% | 51.33% | 51.33% | 51.33% | 51.26% |
| Others | 18.57% | n/m | n/m | n/m | 15.63% | 14.72% | 16.75% | 14.21% | 14.12% | n/m | 15.08% | 15.61% | 16.04% | 16.04% | 16.04% | 16.04% | 16.04% | 16.04% | 15.88% | 15.88% | 15.88% | 15.88% | 15.95% |
| No. of Shareholders | 2,259 | 2,260 | 2,358 | 3,202 | 5,348 | 5,705 | 6,063 | 6,229 | 6,147 | 6,204 | 6,330 | 6,412 | 6,438 | 6,438 | 6,438 | 6,438 | 6,438 | 6,438 | 6,428 | 6,428 | 6,428 | 6,428 | 6,425 |

n/m: Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

## Documents

### Results

Latest 12 of 32.

| Date | Document |
| --- | --- |
| 14 Aug 2026 | [Un-Audited Standalone Financial Results Of The Company For The Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=02dcec35-eaff-4edd-9521-2888880da0e5.pdf) |
| 29 May 2026 | [Audited Standalone Financial Statements 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c8247993-1a7e-4ebd-9749-cdc50d96782e.pdf) |
| 9 Feb 2026 | [Unaudited Financial Results For The Quarter And Nine Months Ended 31St December 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e04146b6-c17a-4b2f-bdb4-d5fbc36a1953.pdf) |
| 14 Nov 2025 | [Un-Audited Standalone Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f76153df-2efb-4b85-a446-709e3081bec6.pdf) |
| 14 Aug 2025 | [Un-Audited Standalone Financial Results Of The Company For The Quarter Ended 30Th June 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ac5394d9-59d9-4e47-b335-ccfb4cd4d596.pdf) |
| 30 May 2025 | [Audited Standalone Financial Statements 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=776737ed-78fe-49ae-9653-9cc12753527b.pdf) |
| 1 Mar 2025 | [Results Financial Results For 30Th June 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=193e1284-3707-4d95-9e49-4a73c8b33210.pdf) |
| 1 Mar 2025 | [Results Financial Results For 30Th September 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=64964ff7-5a66-409e-9a04-025fe9cb800e.pdf) |
| 1 Mar 2025 | [Results Financial Results For 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f66efabb-e916-4307-82e1-b1eb31dd78b7.pdf) |
| 30 Dec 2024 | [Financial Results For The Quarter Ended 31St March 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2ab1fe02-6d09-4c30-9ef8-a7cd40726ed1.pdf) |
| 26 Feb 2024 | [Outcome Of Board Meeting Held On Monday I.E. 26Th February, 2024- Consolidated Audited Financial Results For Period Ended 31St March, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e1dfa122-3647-4c10-846a-f714f0952cdd.pdf) |
| 14 Feb 2024 | [Outcome Of Board Meeting Held Today I.E. On 14Th February, 2024, To Consider And Approve Unaudited Financial Results (Consolidated And Standalone) For Quarter Ended 31St December, 2023.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b43cd572-2570-41b2-b8db-8adf920831c1.pdf) |

### Annual reports

| Year | Report |
| --- | --- |
| FY2023 | [Annual report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f4e00b52-fb8e-481f-aca4-cdf3fbb67192.pdf) |
| FY2022 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/539410/76886539410.pdf) |
| FY2021 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/539410/71897539410.pdf) |
| FY2020 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/539410/67691539410_02_12_20.pdf) |
| FY2019 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/539410/5394100319.pdf) |
| FY2018 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/539410/5394100318.pdf) |
| FY2017 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/539410/5394100317.pdf) |
| FY2016 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/539410/5394100316.pdf) |
| FY2015 | [Annual report](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2015/WELCON_INTERNATIONAL_LTD-539410-MARCH-2015.PDF) |
| FY2012 | [Annual report](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2012/WELCON_INTERNATIONAL_LTD-539410-MARCH-2012.PDF) |

### Exchange filings

Latest 12 of 32.

| Date | Document | Category |
| --- | --- | --- |
| 9 Oct 2026 | [Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Revocation Of Suspension And Resumption Of Trading In Equity Shares Of Muzali Arts Limited.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c61eec41-bad2-4b1c-a64f-e0c72c83c5ca.pdf) | General announcements |
| 9 Oct 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3ae9ac47-29e1-4ac3-872c-6b409688df41.pdf) | General announcements |
| 29 Sep 2026 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0ae0f0b5-736a-4795-9abb-73dd16c7b0a7.pdf) | Outcome |
| 29 Sep 2026 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d0c6d46d-b2b2-4731-a96e-946aa5cf656d.pdf) | Outcome |
| 26 Sep 2026 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=765b69f6-f27f-418b-815b-063229e70925.pdf) | Intimation |
| 26 Sep 2026 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5275a1ab-11d0-4b48-950c-fab821f59c8c.pdf) | Intimation |
| 15 Sep 2026 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5ca62288-d9f8-43cb-81fb-036799202d4f.pdf) | General announcements |
| 8 Sep 2026 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bf952501-e159-486b-b70f-cc9dc71a8513.pdf) | General announcements |
| 7 Sep 2026 | [Submission Of AGM Notice And Annual Report For FY 2025-26 Under Regulation 34 Of SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b2d4f172-5bbb-4706-9c17-c80368f57024.pdf) | Intimation |
| 1 Sep 2026 | [Board Meeting Outcome for Held On 1St September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=519e0b6b-3d80-443c-aadf-6374b12abe8e.pdf) | Outcome |
| 1 Sep 2026 | [Fixed The Book Closure Period For The Purpose Of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=93f770ce-5291-462d-9359-1a38e67757d4.pdf) | Intimation |
| 17 Aug 2026 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ac045b8c-7d09-4261-816b-dc3f817f4d05.pdf) | General announcements |

## 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

### Where is Muzali Arts Ltd (MUZALI) 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 Commercial Services sector, in the Trading & Distributors industry.

### What is the PE ratio of Muzali Arts Ltd?

Muzali Arts Ltd trades at a PE ratio of 14.62 as of 4 Nov 2026, on earnings per share of ₹0.08, against a book value of ₹1.61 per share.

### What is the 52-week high and low of Muzali Arts Ltd?

Over the last 52 weeks Muzali Arts Ltd has traded between ₹1.1 and ₹176.4 as of 4 Nov 2026.

### What is the Return on Equity (ROE) of Muzali Arts Ltd?

Muzali Arts Ltd reported a return on equity of 5.16%. Its debt-to-equity ratio is 0.01.

## Company Information

Incorporated in 1995, Muzali Arts Ltd (formerly Welcon International Ltd) is engaged in manufacturing of furniture and trading of Antique items

- **Website:** https://sinnerenergy.com/
- **Listed:** 28 Oct 2015
- **Face Value:** ₹1

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Negative figures use an ASCII hyphen-minus (-) so they parse as numbers. Amounts are in Indian rupees; "Cr" is crore (10 million). Dates are Indian Standard Time.

Financial statements, shareholding and filings are as reported by the company. Price, volume and 52-week levels are market data. Technical indicators are computed by Tapetide from daily prices. The Tapetide Score is Tapetide’s own analysis. Analyst ratings and forecasts are the published estimates of third-party analysts, not company statements. The AI sections are generated text.

For research and information only, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Generated 5 Nov 2026, 07:07 IST.