ModernThreads

₹60.8 -1.2 | 2%

WEBSITE BSE:500282 NSE : MODTHREAD 18 May, 10:00

Market Cap ₹211 Cr.

Stock P/E 7.6

P/B 1.7

Current Price ₹60.8

Book Value ₹ 35.7

Face Value 10

52W High ₹76.3

Dividend Yield 0%

52W Low ₹ 20

Edit Ratio

ModernThreads Research see more...

Overview Inc. Year: 1980Industry: Textile - Spinning

Established on August 28 1980, Modern Threads (India) Limited is a publicly listed company in the textile manufacturing sector, located in Bhilwara, Rajasthan. The company has a diverse product portfolio that includes Modern Woollens, Modern Suitings, Modern Threads, Modern Insulators, Modern Denim, and Modern Terry Towels. These products range from raw white, dyed, and fancy polyester/viscose blended yarn to polyester and viscose spun yarns. For instance, in 1981, it expanded its spindleage by 12,436 spindles and added an additional capacity of 4,760 spindles in 1983. Modern Threads (India) Limited also transitioned from cotton to synthetic spinning in 1987 to mitigate losses in the cotton section.The company’s leadership includes directors such as Ram Awatar Kabra and Rajesh Ranka, who have been instrumental in guiding the company through various phases of its development.

ModernThreads Share Price

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Price: NSE50 DMA200 DMAVolume

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Peer Comparison

ModernThreads Quarterly Results

#(Fig in Cr.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Jun 2023	Sep 2023	Dec 2023
Net Sales	41	53	60	70	69	78	83	73	78	75
Other Income	0	0	0	1	1	0	1	1	1	1
Total Income	41	53	60	71	70	78	84	74	78	76
Total Expenditure	38	49	56	68	65	72	75	65	70	67
Operating Profit	3	4	4	2	5	6	9	9	8	9
Interest	0	1	0	1	1	1	1	1	1	1
Depreciation	1	1	1	1	1	1	1	1	1	1
Exceptional Income / Expenses	0	0	0	1	0	189	0	0	0	0
Profit Before Tax	1	2	3	1	4	193	7	7	6	7
Provision for Tax	0	0	0	0	0	0	0	0	0	0
Profit After Tax	1	2	3	1	4	193	7	7	6	7
Adjustments	0	0	0	0	0	0	0	0	0	-0
Profit After Adjustments	1	2	3	1	4	193	7	7	6	7
Adjusted Earnings Per Share	0.4	0.7	0.7	0.4	1.1	55.5	2.1	2.1	1.8	2

ModernThreads Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	78	98	143	151	149	165	228	201	147	223	301	309
Other Income	2	1	2	2	2	4	4	24	3	2	4	4
Total Income	79	99	145	154	150	169	233	225	150	225	305	312
Total Expenditure	71	91	135	142	138	158	217	198	144	211	272	277
Operating Profit	9	8	10	12	13	11	15	27	6	13	33	35
Interest	0	0	1	1	2	1	3	1	2	3	4	4
Depreciation	4	2	2	2	2	2	3	3	3	3	3	4
Exceptional Income / Expenses	20	0	0	5	-1	0	1	2	1	1	189	0
Profit Before Tax	25	6	7	14	9	7	11	25	2	8	214	27
Provision for Tax	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Tax	25	6	7	14	9	7	11	25	2	8	214	27
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	25	6	7	14	9	7	11	25	2	8	214	27
Adjusted Earnings Per Share	7.2	1.7	2.2	4	2.6	2.1	3.1	7.3	0.5	2.3	61.6	8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	35%	14%	13%	14%
Operating Profit CAGR	154%	7%	25%	14%
PAT CAGR	2575%	105%	98%	24%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	NA%	NA%	NA%	NA%
ROE Average	0%	0%	0%	0%
ROCE Average	240%	87%	69%	47%

ModernThreads Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	-170	-164	-156	-143	-165	-157	-147	-121	-119	-111	103
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	191	191	187	189	189	189	189	189	189	189	0
Other Non-Current Liabilities	2	2	2	2	2	2	3	3	3	4	4
Total Current Liabilities	50	51	51	40	71	83	83	56	50	57	70
Total Liabilities	72	81	83	89	98	117	128	126	122	138	177
Fixed Assets	33	32	33	32	35	42	41	40	39	41	44
Other Non-Current Assets	2	2	1	2	2	5	6	6	5	5	6
Total Current Assets	38	47	49	56	60	70	81	80	78	93	127
Total Assets	72	81	83	89	98	117	128	126	122	138	177

ModernThreads Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	6	1	1	5	8	14	2	11	11	17	5
Cash Flow from Operating Activities	7	0	8	6	12	0	11	3	9	-5	16
Cash Flow from Investing Activities	-5	1	1	-1	-5	-9	-2	-2	-2	-4	-9
Cash Flow from Financing Activities	-7	-2	-6	-2	-0	-3	0	-1	-2	-3	-4
Net Cash Inflow / Outflow	-5	-0	4	4	6	-12	9	0	6	-12	2
Closing Cash & Cash Equivalent	1	1	5	8	15	2	11	11	17	5	7

ModernThreads Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	7.24	1.71	2.15	4	2.6	2.14	3.1	7.29	0.49	2.28	61.57
CEPS(Rs)	8.24	2.27	2.59	4.45	3.05	2.75	3.84	8.16	1.29	3.15	62.58
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	-55.54	-53.83	-51.68	-47.67	-47.45	-45.28	-42.15	-34.85	-34.26	-31.9	29.72
Core EBITDA Margin(%)	9.13	7.05	5.71	6.07	7.46	4.22	4.81	1.45	2.3	5.12	9.51
EBIT Margin(%)	32.77	6.49	5.81	9.9	7.21	5.43	6.05	13	2.62	5.02	72.43
Pre Tax Margin(%)	32.28	6.08	5.23	9.19	6.09	4.52	4.72	12.64	1.17	3.57	71.11
PAT Margin (%)	32.28	6.08	5.23	9.19	6.09	4.52	4.72	12.64	1.17	3.57	71.11
Cash Profit Margin (%)	36.78	8.05	6.29	10.2	7.13	5.82	5.86	14.15	3.05	4.91	72.27
ROA(%)	34.13	7.79	9.13	16.12	9.65	6.92	8.78	19.92	1.38	6.09	135.79
ROE(%)	0	0	0	0	0	0	0	0	0	0	0
ROCE(%)	58.18	14.1	17.08	29.01	27.48	31.34	36.6	46.77	5.53	14.97	239.75
Receivable days	44.45	44.96	34.92	37.18	46.23	45.72	32.48	37.48	48.11	32.22	38.17
Inventory Days	91.19	81.77	65.97	64.3	61.38	68.44	68.53	82.75	101.33	81.6	80.01
Payable days	128.97	95.05	60.8	45.19	35.47	52.97	52.78	63.01	80.9	60.81	67.59
PER(x)	0	0	0	0	0	0	0	0	0	0	0
Price/Book(x)	0	0	0	0	0	0	0	0	0	0	0
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	3.28	2.59	1.72	1.53	1.41	1.35	0.93	1.06	1.41	0.98	0.09
EV/Core EBITDA(x)	29.44	30.55	24.94	20.03	16.38	20.09	13.86	7.88	34.94	16.23	0.81
Net Sales Growth(%)	-22.73	25.89	46.05	6	-1.89	10.79	38.61	-12.11	-26.65	51.31	35.25
EBIT Growth(%)	27.41	-75.07	30.54	80.43	-28.56	-16.61	54.51	88.82	-85.23	190.14	1851.99
PAT Growth(%)	29.2	-76.32	25.49	86.22	-34.99	-17.75	44.6	135.52	-93.22	361.5	2596.99
EPS Growth(%)	29.2	-76.32	25.5	86.22	-34.99	-17.75	44.6	135.52	-93.22	361.49	2596.96
Debt/Equity(x)	-1.15	-1.18	-1.21	-1.25	-1.15	-1.21	-1.29	-1.57	-1.59	-1.71	0
Current Ratio(x)	0.76	0.92	0.97	1.38	0.85	0.85	0.97	1.44	1.57	1.63	1.81
Quick Ratio(x)	0.35	0.46	0.42	0.75	0.5	0.4	0.39	0.68	0.78	0.57	0.78
Interest Cover(x)	67.7	15.53	9.95	13.95	6.44	6	4.54	36.64	1.81	3.46	54.99
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

ModernThreads Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	65.1	65.1	65.1	65.1	65.1	65.1	65.1	65.1	65.1	65.1
FII	1.26	1.26	1.26	0	0	0	0	0	0	0
DII	11.76	11.76	5.51	11.76	11.76	11.76	11.76	13.01	11.76	11.27
Public	21.89	21.89	28.14	23.15	21.89	21.89	21.89	21.89	21.89	22.37
Others	0	0	0	0	1.26	1.26	1.26	0	1.26	1.26
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	2.26	2.26	2.26	2.26	2.26	2.26	2.26	2.26	2.26	2.26
FII	0.04	0.04	0.04	0	0	0	0	0	0	0
DII	0.41	0.41	0.19	0.41	0.41	0.41	0.41	0.45	0.41	0.39
Public	0.76	0.76	0.98	0.81	0.76	0.76	0.76	0.76	0.76	0.78
Others	0	0	0	0	0.04	0.04	0.04	0	0.04	0.04
Total	3.48	3.48	3.48	3.48	3.48	3.48	3.48	3.48	3.48	3.48

Pros

Company has delivered good profit growth of 98% CAGR over last 5 years
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 0% over the last 3 years.
Debtor days have increased from 60.81 to 67.59days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

ModernThreads News

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Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

ModernThreads

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ModernThreads Research see more...

Overview Inc. Year: 1980Industry: Textile - Spinning

ModernThreads Share Price

Alert Data

Quarterly Price

Peer Comparison

ModernThreads Quarterly Results

ModernThreads Profit & Loss

Growth Rates

ModernThreads Balance Sheet

ModernThreads Cash Flow

ModernThreads Ratios

ModernThreads Shareholding Pattern

ModernThreads News

IPO

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