MarketFriction

Modern Threads (I) Ltd

NSE MODTHREAD · BSE 500282 · Other Textile Products
₹45.66 -6.13%
NSE close2026-10-01
52 week range35.61 - 65.65
Market cap₹161 Cr.
P/E8.60
Price band 20% Delivery 88.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales77.7274.9474.5758.0562.2572.3367.4169.8677.6774.9078.1489.43
Expenses70.3866.8668.9456.3563.6272.8466.5669.7974.9968.3972.9480.85
Operating Profit7.348.085.631.70-1.37-0.510.850.072.686.515.208.58
OPM %9.44%10.78%7.55%2.93%-2.20%-0.71%1.26%0.10%3.45%8.69%6.65%9.59%
Other Income0.610.881.500.882.862.074.041.752.373.823.752.76
Interest0.800.790.760.690.050.240.270.450.531.050.942.13
Depreciation1.011.071.111.081.201.141.091.091.061.371.171.33
Profit before tax6.147.105.260.810.240.183.530.283.467.916.847.88
Tax %0.00%0.00%9.51%76.54%-29.17%177.78%14.45%100.00%23.99%24.02%35.53%27.16%
Net Profit6.147.104.760.180.32-0.153.020.012.626.004.415.73
EPS in Rs
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales150148165228200147223301300260300320
Expenses141137158216198144212272270259285297
Operating Profit9117123311293011523
OPM %6%8%4.2%5%1.5%2.1%4.8%10%10%0.4%5.0%7%
Other Income714526331934101213
Interest121312343235
Depreciation222333334555
Profit before tax14971125282142651826
Tax %0%0%0%0%0%0%0%0%2%29%29%
Net Profit14971125282142531319
EPS in Rs
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth7%15%0%18%
Compounded Profit Growth1%59%-28%486%
Stock Price CAGR%%%9%
Return on Equity%%9%7%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital353535353535353535353535
Reserves-200-186-200-192-181-156-154-146699498112
Borrowings215213198199197194193192222133
Other Liabilities332865767854495771707276
Total Liabilities838998117128126122138177202226255
Fixed Assets333235424140394144494954
CWIP000010001259
Investments000300002152820
Other Assets5158637287868398130136143173
Total Assets838998117128126122138177202226255
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity871201139-51624-8-3
Cash from Investing Activity1-0-5-9-2-2-2-4-9-22-18-2
Cash from Financing Activity-6-3-0-30-1-2-3-4-3209
Net Cash Flow446-12906-122-1-63
Free Cash Flow667-8818-10815-15-15
CFO/OP96%75%106%5%94%111%291%-49%54%82%-575%5%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days314547492942403848576657
Inventory Days1049090129116117158163148149186217
Days Payable603337715761737380808683
Cash Conversion Cycle761021001088998125129117126166191
Working Capital Days-1717-64-40-2223264956636061
ROCE %18%17%22%24%28%38%4%12%31%24%3%12%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters65.10%65.10%65.10%65.10%65.10%65.10%65.10%65.10%65.16%65.16%65.16%65.16%
DIIs11.76%11.76%11.28%10.94%10.87%10.87%10.87%10.87%10.70%10.70%10.70%10.70%
Public23.16%23.16%23.63%23.97%24.04%24.05%24.03%24.03%24.14%24.13%24.14%24.13%
No. of Shareholders1,34,7081,34,6881,34,6961,35,2401,35,4401,35,3421,35,3541,35,3461,35,2521,35,0481,34,9331,34,824

Fundamentals

Market Cap₹ 161 Cr.
Current Price₹ 47.2
Stock P/E8.60
Book Value₹
ROCE11.5 %
ROE6.77 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)18%
Compounded Profit Growth (TTM)486%
Standalone figures.
Valuation
Market capRs 159 Cr
Enterprise valueRs 187 Cr
P/E (TTM)8.46x
Price to book1.09x
Price to sales0.50x
EV / EBITDA5.25x
EV / EBIT6.09x
EV / sales0.58x
Earnings yield11.81%
P/E, 3-year average18.79x
P/B, 3-year average1.20x
P/E, 5-year average18.79x
P/B, 5-year average1.20x
Profitability
Operating margin (excl. other income)4.97%
Operating margin (incl. other income)8.86%
EBITDA margin11.14%
Pre-tax margin8.15%
Net profit margin5.86%
Net margin, latest quarter6.41%
ROE9.35%
ROCE13.18%
ROA5.42%
ROE, 3-year average11.26%
ROCE, 3-year average14.13%
ROA, 3-year average6.81%
ROE, 5-year average-1127.53%
ROCE, 5-year average57.97%
ROA, 5-year average32.46%
ROIC (approx.)12.41%
Tax rate29.48%
Other income / net worth7.99%
Growth
Sales growth (latest year)15.50%
Profit growth (latest year)286.94%
Sales CAGR, 3 years-0.07%
Sales CAGR, 5 years15.34%
Profit CAGR, 3 years-60.66%
Profit CAGR, 5 years49.95%
Sales growth QoQ14.45%
Profit growth QoQ29.93%
Sales growth YoY (latest quarter)28.01%
Profit growth YoY (latest quarter)57200.00%
Per share
EPS (TTM)Rs 5.39
EPS (latest year)Rs 3.75
EPS (latest quarter)Rs 1.65
EPS, 3-year averageRs 4.01
EPS, 5-year averageRs 15.18
Book value per shareRs 42.08
Sales per shareRs 92.06
Cash flow per shareRs -0.83
Free cash flow per shareRs -4.31
Efficiency
Asset turnover1.18x
Fixed asset turnover5.61x
Inventory turnover2.21x
Inventory days165 days
Debtor days57 days
Debtors turnover6.39x
Creditor days83 days
Cash conversion cycle191 days
Working capital days61 days
Leverage
Total debtRs 33 Cr
Cash and bankRs 4 Cr
Net debtRs 28 Cr
Debt to equity0.22x
Net debt / EBITDA0.79x
Interest coverage6.61x
Owners' fund to total sources57.29%
Debt to assets12.79%
Cash flow
Cash from Operating Activity (latest year)Rs -3 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs 9 Cr
Net Cash Flow (latest year)Rs 3 Cr
Free cash flow (latest year)Rs -15 Cr
FCFE (approx.: FCF + change in debt)Rs -3 Cr
Cash from ops / profit, 5 years0.09x
Statement figures
Net sales (TTM)Rs 320 Cr
Net sales (latest year)Rs 300 Cr
Sales (latest quarter)Rs 89 Cr
Operating profit excl. other income (latest year)Rs 15 Cr
Operating profit (latest quarter)Rs 9 Cr
Other income (TTM)Rs 13 Cr
EBITDA (TTM)Rs 36 Cr
PBDT (TTM)Rs 31 Cr
Profit before tax (TTM)Rs 26 Cr
Tax (latest year)Rs 5 Cr
Net profit (TTM)Rs 19 Cr
Net profit (latest year)Rs 13 Cr
Net profit (latest quarter)Rs 6 Cr
Depreciation (TTM)Rs 5 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 219 Cr
Total expenditure (latest year)Rs 285 Cr
Total income (latest year)Rs 312 Cr
Share capitalRs 35 Cr
ReservesRs 112 Cr
Shareholders' fundsRs 146 Cr
Total assetsRs 255 Cr
Net blockRs 54 Cr
Capital work in progressRs 9 Cr
InvestmentsRs 20 Cr
ReceivablesRs 47 Cr
InventoryRs 99 Cr
Other liabilitiesRs 76 Cr
Shares outstanding (crore)3.48
Ownership
Promoter holding65.16% (+0.06 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 8.5 is at the 30th percentile of its own 2.8-year range (median 12.4, low 0.6, high 60.3).
P/B 1.09 is at the 3th percentile (median 1.20).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodMODTHREADNifty 50Difference
1 week-3.3%-2.8% -0.6 pts
1 month-11.4%-6.8% -4.6 pts
3 months-5.1%-7.6% +2.5 pts
6 months+2.1%+0.4% +1.7 pts
1 year-4.1%-9.9% +5.9 pts
2 years-26.3%-13.6% -12.7 pts

Red flags

F-score 5 of 8
explainWeak cash conversion Cash from operations was 33% of net profit over the last 3 years
lookProfit leans on other income Other income was 63% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹89 Cr +28.0% vs Jun 2025. Net profit ₹6 Cr +57200.0%.
Against our estimate for Jun 2026: sales +16.7%, profit +65.8% in line. Our estimate for Sep 2026: sales Rs 95 Cr, profit Rs 6 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-23Annual General Meeting
2023-09-22Annual General Meeting
2022-09-23Annual General Meeting
2021-09-22 Annual General Meeting
2020-12-17 Annual General Meeting
2019-09-19 Annual General Meeting
2018-09-19 Annual General Meeting
2017-09-20 Annual General Meeting
DateTypeWhat it says
2026-10-01Shareholder meetingPursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the result...
2026-09-30Shareholder meetingProceedings of Annual General Meeting held on September 30, 2026
2026-09-05General UpdatesIn terms of Regulation 30, 42 and 44 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we wish to inform you that:(i) Th...
2026-09-05Shareholder meetingIn terms of Regulation of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we wish to inform you that the 45th Annual Gene...
2026-08-14Board meeting outcomeModern Threads (India) Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-05-30Board meeting outcomePursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ( Listing Regulations ), the Board of D...
2026-05-06Disclosure under SEBI TakeovModern Threads (India) Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India...
2026-04-30General UpdatesPursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, We would like to inform you that the Compan...
2026-04-03UpdatesPursuant to the provision of the Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended, please find...
2026-03-28Shareholder meetingVoting results.
2026-03-27General UpdatesPursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you t...
2026-03-12Price movementSignificant movement in price has been observed in Modern Threads (India) Limited. The Exchange, in order to ensure that investors have latest relevan...
2026-03-11Price movementSignificant movement in price has been observed in Modern Threads (India) Limited. The Exchange, in order to ensure that investors have latest relevan...
2026-02-25Shareholder meetingPursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are en...
2026-02-14Board meeting outcomePursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors at their meeting...
2026-01-14General UpdatesIn terms of SEBI Circular No. SEBI/HO/MlRSD/MIRSD-PoD/P/CIR/2025/97 dated 2nd July 2025, please find enclosed report dated 14th January, 2026 received...
2026-01-07Change in ManagementPursuant to the provisions of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2...
2025-11-14Board meeting outcomePursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors at their meeting...
2025-11-14Board meeting outcomePursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors at their meeting...
2025-10-23General UpdatesIn terms of SEBI Circular No. SEBI/HO/MlRSD/MIRSD-PoD/P/CIR/2025/97 dated 2nd July 2025, please find enclosed report dated 15th October, 2025 received...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of Modern Threads (I) Ltd?

Modern Threads (I) Ltd (MODTHREAD) has a market capitalisation of Rs 161 Cr. at the 2026-10-01 close.

What is the P/E ratio of Modern Threads (I) Ltd?

Modern Threads (I) Ltd trades at a P/E of 8.60 on trailing twelve-month profit, at the 2026-10-01 close.

What were Modern Threads (I) Ltd's latest quarterly results?

In the Jun 2026 quarter, Modern Threads (I) Ltd sales was Rs 89 Cr (+28.0% vs Jun 2025) and net profit was Rs 6 Cr.

What is the 52-week high and low of Modern Threads (I) Ltd?

The 52-week high is Rs 65.65 and the 52-week low is Rs 35.61.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03