ModernThreads

₹40.4 -2.1 | 5%

WEBSITE BSE:500282 NSE : MODTHREAD 18 Mar, 16:01

Market Cap ₹141 Cr.

Stock P/E 5.5

P/B 1.1

Current Price ₹40.4

Book Value ₹ 37.3

Face Value 10

52W High ₹76.3

Dividend Yield 0%

52W Low ₹ 36

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 companyâ€™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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Peer Comparison

ModernThreads Quarterly Results

#(Fig in Cr.)	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Net Sales	78	83	72	73	78	75	75	58	62	72
Other Income	0	1	2	1	1	1	2	1	3	2
Total Income	78	84	74	74	78	76	76	59	65	74
Total Expenditure	72	75	62	65	70	67	69	56	64	73
Operating Profit	6	9	12	9	8	9	7	3	1	2
Interest	1	1	1	1	1	1	1	1	0	0
Depreciation	1	1	1	1	1	1	1	1	1	1
Exceptional Income / Expenses	189	0	0	0	0	0	0	0	0	0
Profit Before Tax	193	7	10	7	6	7	5	1	0	0
Provision for Tax	0	0	0	0	0	0	1	1	-0	0
Profit After Tax	193	7	10	7	6	7	5	0	0	-0
Adjustments	0	0	0	0	0	0	0	-0	-0	0
Profit After Adjustments	193	7	10	7	6	7	5	0	0	-0
Adjusted Earnings Per Share	55.5	2.1	2.9	2.1	1.8	2	1.4	0.1	0.1	-0

ModernThreads Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	98	143	151	149	165	228	201	147	223	301	300	267
Other Income	1	2	2	2	4	4	24	3	2	4	4	8
Total Income	99	145	154	150	169	233	225	150	225	305	304	274
Total Expenditure	91	135	142	138	158	217	198	144	211	272	271	262
Operating Profit	8	10	12	13	11	15	27	6	13	33	33	13
Interest	0	1	1	2	1	3	1	2	3	4	3	2
Depreciation	2	2	2	2	2	3	3	3	3	3	4	4
Exceptional Income / Expenses	0	0	5	-1	0	1	2	1	1	189	0	0
Profit Before Tax	6	7	14	9	7	11	25	2	8	214	26	6
Provision for Tax	0	0	0	0	0	0	0	0	0	0	1	2
Profit After Tax	6	7	14	9	7	11	25	2	8	214	25	5
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	6	7	14	9	7	11	25	2	8	214	25	5
Adjusted Earnings Per Share	1.7	2.2	4	2.6	2.1	3.1	7.3	0.5	2.3	61.6	7.3	1.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-0%	27%	6%	12%
Operating Profit CAGR	0%	77%	17%	15%
PAT CAGR	-88%	132%	18%	15%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-26%	NA%	NA%	NA%
ROE Average	22%	7%	4%	2%
ROCE Average	25%	93%	66%	44%

ModernThreads Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	-164	-156	-143	-165	-157	-147	-121	-119	-111	103	129
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	191	187	189	189	189	189	189	189	189	0	0
Other Non-Current Liabilities	2	2	2	2	2	3	3	3	4	4	4
Total Current Liabilities	51	51	40	71	83	83	56	50	57	70	69
Total Liabilities	81	83	89	98	117	128	126	122	138	177	202
Fixed Assets	32	33	32	35	42	41	40	39	41	44	49
Other Non-Current Assets	2	1	2	2	5	6	6	5	5	6	8
Total Current Assets	47	49	56	60	70	81	80	78	93	127	145
Total Assets	81	83	89	98	117	128	126	122	138	177	202

ModernThreads Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	1	1	5	8	14	2	11	11	17	5	7
Cash Flow from Operating Activities	0	8	6	12	0	11	3	9	-5	16	24
Cash Flow from Investing Activities	1	1	-1	-5	-9	-2	-2	-2	-4	-9	-22
Cash Flow from Financing Activities	-2	-6	-2	-0	-3	0	-1	-2	-3	-4	-3
Net Cash Inflow / Outflow	-0	4	4	6	-12	9	0	6	-12	2	-1
Closing Cash & Cash Equivalent	1	5	8	15	2	11	11	17	5	7	7

ModernThreads Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	1.71	2.15	4	2.6	2.14	3.1	7.29	0.49	2.28	61.57	7.31
CEPS(Rs)	2.27	2.59	4.45	3.05	2.75	3.84	8.16	1.29	3.15	62.58	8.5
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	-53.83	-51.68	-47.67	-47.45	-45.28	-42.15	-34.85	-34.26	-31.9	29.72	37.14
Core EBITDA Margin(%)	7.05	5.71	6.07	7.46	4.22	4.81	1.45	2.3	5.12	9.51	9.95
EBIT Margin(%)	6.49	5.81	9.9	7.21	5.43	6.05	13	2.62	5.02	72.43	9.76
Pre Tax Margin(%)	6.08	5.23	9.19	6.09	4.52	4.72	12.64	1.17	3.57	71.11	8.63
PAT Margin (%)	6.08	5.23	9.19	6.09	4.52	4.72	12.64	1.17	3.57	71.11	8.46
Cash Profit Margin (%)	8.05	6.29	10.2	7.13	5.82	5.86	14.15	3.05	4.91	72.27	9.84
ROA(%)	7.79	9.13	16.12	9.65	6.92	8.78	19.92	1.38	6.09	135.79	13.42
ROE(%)	0	0	0	0	0	0	0	0	0	0	21.88
ROCE(%)	14.1	17.08	29.01	27.48	31.34	36.6	46.77	5.53	14.97	239.75	25.24
Receivable days	44.96	34.92	37.18	46.23	45.72	32.48	37.48	48.11	32.22	38.17	52.42
Inventory Days	81.77	65.97	64.3	61.38	68.44	68.53	82.75	101.33	81.6	80.01	85.75
Payable days	95.05	60.8	45.19	35.47	52.97	52.78	63.01	80.9	60.81	67.59	81.14
PER(x)	0	0	0	0	0	0	0	0	0	0	8.55
Price/Book(x)	0	0	0	0	0	0	0	0	0	0	1.68
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	2.59	1.72	1.53	1.41	1.35	0.93	1.06	1.41	0.98	0.09	0.69
EV/Core EBITDA(x)	30.55	24.94	20.03	16.38	20.09	13.86	7.88	34.94	16.23	0.81	6.22
Net Sales Growth(%)	25.89	46.05	6	-1.89	10.79	38.61	-12.11	-26.65	51.31	35.25	-0.21
EBIT Growth(%)	-75.07	30.54	80.43	-28.56	-16.61	54.51	88.82	-85.23	190.14	1851.99	-86.55
PAT Growth(%)	-76.32	25.49	86.22	-34.99	-17.75	44.6	135.52	-93.22	361.5	2596.99	-88.12
EPS Growth(%)	-76.32	25.5	86.22	-34.99	-17.75	44.6	135.52	-93.22	361.49	2596.96	-88.12
Debt/Equity(x)	-1.18	-1.21	-1.25	-1.15	-1.21	-1.29	-1.57	-1.59	-1.71	0	0
Current Ratio(x)	0.92	0.97	1.38	0.85	0.85	0.97	1.44	1.57	1.63	1.81	2.11
Quick Ratio(x)	0.46	0.42	0.75	0.5	0.4	0.39	0.68	0.78	0.57	0.78	1.11
Interest Cover(x)	15.53	9.95	13.95	6.44	6	4.54	36.64	1.81	3.46	54.99	8.61
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

ModernThreads Shareholding Pattern

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	65.1	65.1	65.1	65.1	65.1	65.1	65.1	65.1	65.1	65.1
FII	0	0	0	0	0	0	0	0	0	0
DII	11.76	11.76	11.76	11.76	13.01	11.76	11.27	10.94	10.87	12.13
Public	23.15	21.89	21.89	21.89	21.89	21.89	22.37	22.71	22.78	22.78
Others	0	1.26	1.26	1.26	0	1.26	1.26	1.26	1.26	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	2.26	2.26	2.26	2.26	2.26	2.26	2.26	2.26	2.26	2.26
FII	0	0	0	0	0	0	0	0	0	0
DII	0.41	0.41	0.41	0.41	0.45	0.41	0.39	0.38	0.38	0.42
Public	0.81	0.76	0.76	0.76	0.76	0.76	0.78	0.79	0.79	0.79
Others	0	0.04	0.04	0.04	0	0.04	0.04	0.04	0.04	0
Total	3.48	3.48	3.48	3.48	3.48	3.48	3.48	3.48	3.48	3.48

Pros

Company is almost debt free.

Cons

Company has a low return on equity of 7% over the last 3 years.
Debtor days have increased from 67.59 to 81.14days.

* 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

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

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

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

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