BSE: 532378
UNIVERSAL ARTS LTD.
Operates in film production, distribution and exhibition, with its stated core business being the buying and selling of movie rights. Revenue from operations is essentially zero — FY26 revenue from operations was Rs. 0.26 lakhs on a standalone basis — and the company has reported this business as inactive for several quarters. The reported total income of Rs. 36.90 lakhs in FY26 (down from Rs. 50.61 lakhs in FY25) is driven entirely by 'other income', which the company attributes largely to revaluation of investments at market value under Ind AS, not from any film-related activity. It also holds a 100% subsidiary, BAMA Infotech Private Limited, which contributed a small loss to the consolidated FY26 net profit of Rs. 10.27 lakhs. The standalone balance sheet shows negative other equity of Rs. 77.56 lakhs and consolidated negative other equity of Rs. 267.22 lakhs, indicating accumulated losses. Operating cash flow was negative at Rs. 23.08 lakhs in FY26. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Movie rights buying and selling, Other income. Dormant-to-minimal film rights trading entity reliant on investment revaluation gains for reported profitability.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1 | 0 | 1 | 0 | 0 |
| EBITDA (ex other income) | (0) | (0) | (0) | (0) | (0) |
| margin % | (34.2) | (365.1) | (14.8) | (3619.6) | (8192.3) |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | (0.36) | (0.20) | 0.36 | 0.15 | 0.10 |
| ROE % · ROCE % | (2.7) · (2.7) | (2.9) · (2.9) | 5.1 · 5.1 | 2.1 · 4.1 | 1.4 · 2.1 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (0) | 0 | 2 | 0 | (0) |
| Capex | 0 | 0 | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0) |
| Net profit | 0 | 0 | 0 | (0) | 0 | 0 | 0 | (0) |
| EPS (₹) | 0.05 | 0.10 | 0.06 | 0.05 | 0.12 | 0.02 | 0.04 | 0.08 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| PANORAMA STUDIOS INTL. L | 1,536 | 44.7 | 6.95 | 45.9 | 4.5 | 6.0 | 32.2 | 24.7 |
| JOJO LIMITED | 391 | 42.2 | 7.22 | 36.1 | 10.4 | 15.5 | — | 45.0 |
| VASHU BHAGNANI INDUSTRIES LIMI | 387 | 118.6 | 2.62 | 98.2 | 2.1 | 2.0 | 37.1 | (101.5) |
| Diksat Transworld Limited | 228 | 63.7 | — | — | — | — | 8.4 | — |
| BABA ARTS LTD. | 112 | 163.5 | 4.07 | — | 2.4 | 3.0 | — | 2.5 |
| PICTUREHOUSE MEDIA LTD. | 34 | 58.6 | — | 15.1 | (0.9) | 0.3 | 18.1 | 27468.3 |
| MEDIAONE GLOBAL ENTERTAINMENT | 22 | — | — | — | 228.8 | (12.4) | — | (271.2) |
| JMD Ventures Limited | 20 | — | 0.59 | — | (3.4) | (3.3) | — | (1021.0) |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 18.8 | 44.7 | 3 of 11 | 80% |
| P/B | 0.7 | 1.2 | 6 of 14 | 62% |
| ROCE | 2.1 | 1.2 | 7 of 19 | 67% |
| ROE | 1.4 | 1.8 | 8 of 14 | 46% |
| Debt / Equity | 0.0 | 0.0 | 1 of 14 | 54% |
| EBITDA margin | (1376.5) | 2.5 | 13 of 13 | 0% |
| Revenue growth | (56.4) | (20.2) | 11 of 13 | 17% |
| Profit growth | (45.4) | (44.7) | 8 of 13 | 42% |
| Market cap | 5 | 15 | 16 of 19 | 17% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 13 Oct 2026 · Q2 and H1 FY27 results filed; negative reserves persist | results | high | — | — |
| 12 Oct 2026 · Q2 FY26 results: Universal Arts sees sharp revenue drop, weak cash flow | results | high | — | — |
| 12 Oct 2026 · Compliance certificate under SEBI Depositories Regulation 74(5) | compliance | minimal | — | — |
| 7 Oct 2026 · Board meeting on Oct 12, 2026 to consider Q2/H1 FY27 results | results | low | — | — |
| 1 Oct 2026 · 31st AGM voting results: Resolutions pass with thin margins | compliance | minimal | — | — |
| 30 Sept 2026 · Universal Arts 31st AGM held on Sept 30, 2026; voting results pending | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Trading window closed for Q2 results | compliance | minimal | — | — |
| 29 Sept 2026 · Trading window closed ahead of Q2 and H1 FY26 results | compliance | minimal | — | — |
| 7 Sept 2026 · Universal Arts publishes 31st AGM notice in newspapers | compliance | minimal | — | — |
| 4 Sept 2026 · Universal Arts FY26 Annual Report filed, PAT declines, no dividend | results | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.