Mukta Arts Limited (MUKTAARTS.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-41.1%

₹31.62

vs ₹53.71 price

Levered DCF

-₹1.50

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-7.12×	-9.11×	-25.42×	-5.34×	16.96×	-5.16×	-4.66×	42.32×
P/B	-1.36×	-3.35×	-6.12×	-4.86×	23.09×	-20.19×	4.69×	3.95×
P/S	0.48×	0.93×	0.87×	0.65×	0.86×	0.87×	0.24×	0.68×
EV / EBITDA	11.53×	15.32×	9.94×	13.51×	5.3×	6.98×	4.82×	6.88×
Gross margin	38.5%	37.5%	68.5%	73.0%	72.3%	5.3%	73.3%	73.4%
Operating margin	-4.3%	-8.8%	-6.2%	-9.5%	-0.8%	53.7%	2.0%	1.7%
Net margin	-6.8%	-10.2%	-3.4%	-12.2%	5.1%	-16.9%	-5.1%	1.6%
Current ratio	0.61×	0.56×	0.46×	0.57×	0.62×	0.53×	0.49×	0.62×
Debt / equity	-1.22×	-2.59×	-4.14×	-6.02×	25.87×	-33.33×	10.71×	2.9×
Interest coverage	-0.57×	-1.08×	-0.8×	-1.05×	-0.08×	2.86×	0.22×	0.27×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	6.9%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-32.4%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	19.0%	36.8%	24.0%	91.0%	136.3%	391.4%	-100.4%	9.3%
Return on invested capital	-5.7%	-9.7%	-10.0%	-9.7%	-0.4%	30.0%	2.2%	1.3%
Return on assets	-4.9%	-7.0%	-3.0%	-7.7%	2.5%	-5.0%	-3.6%	1.2%
Free cash flow yield	3.3%	2.5%	2.0%	3.7%	12.5%	50.6%	30.2%	13.6%
Earnings yield	-14.0%	-11.0%	-3.9%	-18.7%	5.9%	-19.4%	-21.4%	2.4%
Enterprise value	₹1.5B	₹2.7B	₹2.8B	₹2.2B	₹2.1B	₹1.5B	₹1.3B	₹1.8B
Net debt / EBITDA	5.21×	6.45×	3.96×	7.25×	2.69×	4.11×	3.32×	2.78×
Cash conversion cycle (days)	-146	-100	-237	-333	-279	-55	-230	-200