Modern Threads (India) Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2023 • Woollens: 67.2% • Yarn: 32.8%
AI Sector View
AI GENERATEDTextiles
This sector relies on indirect export proxies rather than direct textile production data. Exports of goods rose 15.0% YoY (2026-06), the currency is weak at 95.23 (Sep/26), and export prices are 163.50, all of which can help exporters, though terms of trade at 102.30 are below the prior 114 in the snapshot context. FPI flows are modestly positive at INR 256 crore over 3 months to 2026-08-31, so the stance is mildly constructive but confidence is capped due to proxy reliance.
PROS
- Company has a healthy return on capital (ROCE) of 89.8%
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
CONS
- Operating cash flow has been negative in recent years
- A large part of profit comes from other income (207.2% of PBT)
- Company has a low return on equity of 8.2% over last 3 years
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.13x)
- Company has delivered a poor profit growth of -33.2% over past five years
- Operating margins have contracted to 0.4% from 6.1%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TRIDENT | 23.43 | 30.21 | 11939.82 | 2.13 | 158.09 | 12.95 | 1786.83 | 4.68 | 9.95 | 16.79 |
| SANATHAN | 474.60 | 65.95 | 4005.82 | 0.00 | 23.82 | -41.08 | 1334.74 | 79.08 | 7.09 | 8.10 |
| FILATEX | 87.86 | 20.41 | 3901.50 | 0.34 | 48.52 | 19.33 | 1145.30 | 9.14 | 17.15 | 6.85 |
| NITINSPIN | 651.35 | 17.29 | 3661.89 | 0.46 | 75.27 | 83.62 | 875.03 | 10.30 | 12.21 | 17.78 |
| PASHUPATI | 80.35 | 81.04 | 1268.24 | 0.00 | 7.25 | 276.04 | 130.01 | 9.71 | 11.31 | 9.49 |
| GHCLTEXTIL | 130.95 | 13.01 | 1251.70 | 0.46 | 39.35 | 191.05 | 408.94 | 52.73 | 6.30 | 16.90 |
| NAHARSPING | 273.40 | 13.02 | 986.03 | 0.37 | 69.88 | 337.83 | 966.10 | 17.92 | 3.37 | 13.16 |
| AMBIKCO | 1589.30 | 11.19 | 909.87 | 2.33 | 257.00 | 1514.32 | 2579.20 | 1243.47 | 11.47 | 15.28 |
| PRECOT | 658.30 | 15.44 | 789.96 | 0.61 | 26.61 | 135.43 | 245.73 | 24.78 | 11.19 | 20.16 |
| SUMEETINDS | 10.75 | 27.12 | 746.86 | 0.00 | 1.14 | -85.69 | 272.36 | 9.61 | 65.12 | 3.11 |
| RAJPALAYAM | 775.10 | 5.77 | 714.66 | 0.06 | 175.53 | 2060.64 | 2612.76 | 1285.58 | 1.84 | 20.71 |
| MODTHREAD | 53.62 | 15.30 | 186.46 | 0.00 | 5.88 | — | 86.62 | 28.49 | 4.47 | 10.14 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 73 | 78 | 75 | 75 | 58 | 62 | 72 | 67 | 70 | 78 | 75 | 78 | 89 | |
| 65 | 70 | 67 | 69 | 56 | 64 | 73 | 67 | 70 | 75 | 68 | 73 | 84 | |
| Operating Profit | 9 | 7 | 8 | 6 | 2 | -1 | -1 | 1 | 0 | 3 | 7 | 5 | 5 |
| OPM % | 11.62% | 9.44% | 10.77% | 7.54% | 2.91% | -2.20% | -0.72% | 1.25% | 0.10% | 3.45% | 8.69% | 6.64% | 5.72% |
| 1 | 1 | 1 | 2 | 1 | 3 | 2 | 4 | 2 | 2 | 4 | 4 | 3 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before Tax | 7 | 6 | 7 | 5 | 1 | 0 | 0 | 4 | 0 | 3 | 8 | 7 | 8 |
| Tax % | 0.00% | 0.00% | 0.00% | 9.51% | 76.54% | -28.00% | 188.24% | 14.45% | 96.55% | 24.06% | 24.05% | 35.53% | 27.23% |
| Net Profit | 7 | 6 | 7 | 5 | 0 | 0 | -0 | 3 | 0 | 3 | 6 | 4 | 6 |
| 2.14 | 1.76 | 2.04 | 1.37 | 0.05 | 0.09 | -0.04 | 0.87 | 0.00 | 0.75 | 1.73 | 1.27 | 1.65 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 151 | 149 | 165 | 228 | 201 | 147 | 223 | 301 | 300 | 260 | 320 | |
| 142 | 138 | 158 | 217 | 198 | 144 | 211 | 272 | 271 | 259 | 301 | |
| Operating Profit | 9 | 11 | 7 | 11 | 3 | 3 | 11 | 29 | 30 | 1 | 19 |
| OPM % | 6.07% | 7.46% | 4.22% | 4.81% | 1.45% | 2.30% | 5.12% | 9.51% | 9.95% | 0.38% | 6.09% |
| 7 | 1 | 4 | 5 | 26 | 3 | 3 | 193 | 4 | 10 | 13 | |
| Interest | 1 | 2 | 1 | 3 | 1 | 2 | 3 | 4 | 3 | 2 | 5 |
| Depreciation | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 5 |
| Profit before Tax | 14 | 9 | 7 | 11 | 25 | 2 | 8 | 214 | 26 | 5 | 26 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.10% | 0.00% | 1.93% | 29.13% | 28.02% |
| Net Profit | 14 | 9 | 7 | 11 | 25 | 2 | 8 | 214 | 25 | 3 | 19 |
| EPS | 2.83 | 2.60 | 2.14 | 3.10 | 7.29 | 0.49 | 2.28 | 61.57 | 7.31 | 0.97 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 6%
- 5 Years:
- 5%
- 3 Years:
- 5%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -8%
- 5 Years:
- -33%
- 3 Years:
- -25%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -8%
RETURN ON EQUITY
- 10 Years:
- 2%
- 5 Years:
- 5%
- 3 Years:
- 8%
- Last Year:
- 3%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | |
| -201 | -200 | -192 | -181 | -156 | -154 | -146 | 69 | 94 | 98 | |
| 189 | 189 | 189 | 189 | 189 | 189 | 189 | 0 | 0 | 21 | |
| Trade Payables | 9 | 10 | 20 | 24 | 22 | 18 | 27 | 39 | 37 | 35 |
| 56 | 64 | 65 | 62 | 37 | 34 | 34 | 35 | 35 | 38 | |
| Total Liabilities | 89 | 98 | 117 | 128 | 126 | 122 | 138 | 177 | 202 | 227 |
| 32 | 35 | 42 | 41 | 40 | 39 | 41 | 44 | 49 | 49 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 5 |
| 0 | 0 | 3 | 0 | 0 | 0 | 0 | 2 | 15 | 28 | |
| 25 | 25 | 37 | 49 | 42 | 39 | 60 | 72 | 69 | 77 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47 | 47 | |
| Cash & Bank | 8 | 15 | 2 | 11 | 12 | 18 | 6 | 8 | 9 | 2 |
| 24 | 23 | 33 | 27 | 32 | 26 | 32 | 51 | 11 | 19 | |
| Total Assets | 89 | 98 | 117 | 128 | 126 | 122 | 138 | 177 | 202 | 227 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 7 | 12 | 0 | 11 | 3 | 9 | -5 | 16 | 24 | -8 | |
| Cash from Investing | -1 | -5 | -9 | -2 | -2 | -2 | -4 | -9 | -22 | -18 |
| Cash from Financing | -2 | -0 | -3 | 0 | -1 | -2 | -3 | -4 | -3 | 20 |
| 4 | 6 | -12 | 9 | 0 | 6 | -12 | 2 | -1 | -6 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-07 - In terms of Regulation 47 and 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, read with circulars and notifications issued thereunder and Rule 20 of the Companies (Management and Administration) Rules, 2014, we enclosed herewith the newspaper clippings from the The Indian Express (English Language) and Kranti Tarang, (Hindi Language) editions of 6th September, 2026, for publication of notice of 45th Annual General Meeting of the Company to be held on Wednesday, 30th September, 2026 at 10.00 am at the registered office of the Company at Modern Woollens, Pragati Path, Bhilwara 311 001 (Rajasthan), India
2026-09-05 - In terms of Regulation 30, 42 and 44 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we wish to inform you that:(i) The 45th Annual General Meeting (AGM) of the Shareholders of the Company is scheduled to be held on Wednesday, 30th September, 2026 at 10:00 A.M. (IST) at the registered office of the Company at Modern Woollens, Pragati Path, Bhilwara 311 001 (Rajasthan), India. The notice of 45th AGM are being dispatched electronically to the members of the Company whose email ids are registered with Company/Depositories/Registrar & Share Transfer Agent. The notice of 45th AGM is also available on the Company website at https://api.modernwoollens.com/uploads/1/2026-09/1788496859_notice-of-annual-general-meeting-2025-26.pdf(ii) The Register of Members and Share Transfer book of the Company will remain closed from Thursday, 24" September, 2026 to Wednesday, 30" September, 2026 (both days inclusive) for the purpose of Annual General Meeting.(iii) The Company has fixed Wednesday, 23rd September, 2026 as the cut of date for determining the eligibility of the members to vote by remote e-voting.(iv) The Company will be availing services of National Securities Depository Limited (NSDL) for remote e-voting system and for casting vote prior to AGM. The remote e-voting period commences on Sunday, 27th September, 2026 (9:00 A.M) and end on Tuesday, 29th September, 2026 (5:00 P.M).
2026-09-05 - In terms of Regulation of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we wish to inform you that the 45th Annual General Meeting (AGM) of the Shareholders of the Company is scheduled to be held on Wednesday, 30th September, 2026 at 10:00 A.M. (IST) at the registered office of the Company at Modern Woollens, Pragati Path, Bhilwara 311 001 (Rajasthan), India. The notice of 45th AGM are being dispatched electronically to the members of the Company whose email ids are registered with Company/Depositories/Registrar & Share Transfer Agent.
2026-08-17 - Pursuant to Regulation 47 and 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, as amended, please find enclosed herewith copies of the newspaper publications pertaining to the extract of Un-audited Financial Results of the Company for the quarter ended 30th June, 2026. The Un-audited Financial Results was approved in the Board Meeting held on 14th August, 2026.
2026-08-14 - Modern Threads (India) Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-04 - we are enclosing herewith the Confirmation Certificate dated 04/07/2026, in the matter of Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, for the quarter ended 30th June, 2026 received from M/s. Beetal Financial & Computer Services (P) Ltd., New Delhi, Registrar and Share Transfer Agent of the Company.
2026-06-25 - Modern Threads (India) Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
2026-06-01 - Pursuant to Regulation 47 and 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, as amended, please find enclosed herewith copies of the newspaper publications pertaining to the extract of Audited Financial Results of the Company for the quarter and year ended 31st March, 2026. The Audited Financial Results was approved in the Board Meeting held on 30th May, 2026.
2026-05-30 - Pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ( Listing Regulations ), the Board of Directors at their meeting held on today i.e. 30th May, 2026, have, inter alia, approved the following:1. The Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and year ended 31st March, 2026 along with the Statement of Assets and Liabilities as at and Statement of Cash Flows for the year ended 31st March, 2026. A Copy of Audited Financial Results (Standalone and Consolidated) along with Auditors Report thereon are enclosed herewith.2. Re-appointment of S. Goyal & Co., Cost Accountants, Jaipur as Cost Auditor of the Company for the financial year 2026-27. The details as required under regulation 30 of Listing Regulations is annexed as annexure A .The Board meeting commenced at 2.30 p.m and concluded at 5.45 p.m.The above information will be made available on the Company website at www.modernwoollens.com. You are requested to take the above information on record
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