MUKTAARTS
Mukta Arts financials
- Market cap
- ₹132 Cr
What Mukta Arts Limited does
Mukta Arts produces and monetises Hindi films and TV serials and licenses its film library, alongside rental income from its own real estate. Its Mukta A2 Cinemas subsidiary builds and operates multiplex cinema screens across Indian cities under a capex-light, capex-shared model with mall/property owners, and also runs and manages screens in Bahrain and Saudi Arabia. A separate subsidiary, Mukta V N Films, provides a cinema programming service to third-party screens. Whistling Woods International, the group's media-education subsidiary, trains students in film, television and creative-arts disciplines, while other subsidiaries (Connect.1, Mukta Telemedia, Mukta Creative Ventures) handle digital content monetisation, TV-serial/event production and mobile-based content solutions respectively.
Segments
- Film & content production
- Cinema exhibition — India
- Cinema exhibition — international
- Cinema programming services
- Media & creative-arts education
- Digital content & mobile solutions
- Real estate rental
- Mukta A2 Cinemas screens (India)
- 73 screens across 26 locations
- Cinema properties added in the year
- 3 (Behror, Kalyan, Vadodara)
- JV & managed cinema screens (India)
- 16 screens (JV with Asian Cinemas) + 17 screens under management (5 properties, Telangana & Gujarat)
- International cinema screens
- 6 owned screens (Juffair, Bahrain) plus managed screens in Bahrain and Saudi Arabia
- Subsidiaries / associate companies
- 8 subsidiaries + 1 associate
- TV serial episodes delivered ('Jaanki'/'Jaanaki')
- 200+ episodes (completed FY25, aired on Doordarshan)
Quarterly results
Q1 FY27: revenue up 10.5%, net profit up 64.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 42 | 48 | 38 | 37 | 45 +9% | 46 −3% | 45 +19% | 41 +11% |
| EBITDA | 2 | 5 | -1 | -1 | 4 +119% | 7 +43% | 4 +591% | 1 +186% |
| Net profit | -4 | -2 | -4 | -6 | -4 +14% | -1 +33% | -1 +83% | -2 +65% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −12.9% 1Y
1Y: ₹67.21 on 10 Sept 2025 → ₹58.57. High ₹70.74 (22 Sept 2025), low ₹37.31 (30 Mar 2026).
Financials, as filed
Revenue fell 5.5% a year over 2 years, FY24 to FY26. Operating margin held at 7.6%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹195 Cr | ₹167 Cr | ₹174 Cr |
| Operating profit | ₹14 Cr | ₹4 Cr | ₹13 Cr |
| Operating margin | 7.3% | 2.6% | 7.6% |
| Interest | ₹15 Cr | ₹14 Cr | ₹13 Cr |
| Depreciation | ₹20 Cr | ₹19 Cr | ₹21 Cr |
| Net profit | ₹-7 Cr | ₹-17 Cr | ₹-12 Cr |
| Net margin | -3.4% | -10.4% | -6.8% |
| Cash from operations | ₹10 Cr | ₹23 Cr | ₹19 Cr |
| Free cash flow | ₹5 Cr | ₹17 Cr | ₹15 Cr |
| ROCE | 8.0% | -2.0% | 11.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr |
| Reserves | ₹-14 Cr | ₹-7 Cr | ₹-32 Cr | ₹-39 Cr | ₹-69 Cr | ₹-73 Cr |
| Borrowings | ₹105 Cr | ₹118 Cr | ₹124 Cr | ₹115 Cr | ₹98 Cr | ₹76 Cr |
| Other liabilities | ₹142 Cr | ₹127 Cr | ₹139 Cr | ₹137 Cr | ₹212 Cr | ₹230 Cr |
| Total liabilities | ₹244 Cr | ₹249 Cr | ₹243 Cr | ₹224 Cr | ₹253 Cr | ₹243 Cr |
| Fixed assets | ₹114 Cr | ₹130 Cr | ₹132 Cr | ₹119 Cr | ₹137 Cr | ₹127 Cr |
| Capital work in progress | ₹13 Cr | ₹7 Cr | ₹10 Cr | ₹9 Cr | ₹3 Cr | ₹3 Cr |
| Investments | ₹4 Cr | ₹6 Cr | ₹4 Cr | ₹5 Cr | ₹23 Cr | ₹22 Cr |
| Other assets | ₹114 Cr | ₹106 Cr | ₹97 Cr | ₹90 Cr | ₹90 Cr | ₹91 Cr |
| Total assets | ₹244 Cr | ₹249 Cr | ₹243 Cr | ₹224 Cr | ₹253 Cr | ₹243 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 6% to 7,723.
- Promoters
- 70.7%
- Public
- 29.3%
Since Jun 2025
- Public +0.01 pp
- Promoters 0.00 pp
- FIIs 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 70.7%, Public 29.3%.Dec '23: Promoters 70.7%, Public 29.3%.Mar '24: Promoters 70.7%, Public 29.3%.Jun '24: Promoters 70.7%, Public 29.3%.Sep '24: Promoters 70.7%, FIIs 0.1%, Public 29.2%.Dec '24: Promoters 70.7%, Public 29.3%.Mar '25: Promoters 70.7%, Public 29.3%.Jun '25: Promoters 70.7%, Public 29.3%.Sep '25: Promoters 70.7%, Public 29.3%.Dec '25: Promoters 70.7%, Public 29.3%.Mar '26: Promoters 70.7%, Public 29.3%.Jun '26: Promoters 70.7%, Public 29.3%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Mukta Arts Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Subhash Ghai | 55.34% | unchanged |
| Mukta Ghai | 7.31% | unchanged |
| Meghna Rahul Puri | 7.31% | unchanged |
| Jeenalee Hiren Gandhi | 2.41% | unchanged |
| Raju Nanwani | 2.28% | unchanged |
| Parvez Akhtar Farooqui | 0.34% | unchanged |
| Siraj Farooqui | 0.19% | unchanged |
| Ashok K Ghai | 0.16% | unchanged |
| Sunita Bahri | 0.04% | unchanged |
| Nargis Parvez Farooqui | 0.02% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Mukta Arts Limited
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