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Modern Threads (I) Ltd share Price Today

Company details

57.15
58.30
21.00
75.50
6M Return 0.00%
1Y Return 224.52%
Mkt Cap.(Cr) 236.99
Volume 130
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 130

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Modern Threads (I) Ltd shares SWOT Analysis

Strengths (10)

  • Rising Net Cash Flow and Cash from Operating activity
  • Strong Annual EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (6)

  • Negative Breakdown Third Support (LTP < S3)
  • Degrowth in Revenue and Profit
  • Decline in Quarterly Net Profit (YoY)

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • Stock with Low PE (PE < = 10)

Threats (3)

  • Companies with growing costs YoY for long term projects
  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 57.8
R2 57.8
R3 57.8
Pivot

57.82

S1 57.8
S2 57.8
S3 57.8
EMA SMA
61.4
57.7
-
-
63.5
62.9
-
-
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
Name Category Shares
Generotrade Exim LLP PROMOTER 44.97%
Arihant Beneficiary Trust through trustee Lalitha Ranka PROMOTER 20.13%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Modern Threads (I) Ltd Stocks COMPARISON

Financials( in Cr) Modern Threads (I) Ltd Grasim Industries Ltd Trident Ltd Raymond Ltd Welspun Living Ltd
Price 68.15 2,345.20 36.85 2,173.70 138.65
% Change -4.95 -2.31 -0.81 -1.05 -1.14
Mcap Cr 236.99 159,602.59 18,778.60 14,471.19 13,474.12
Revenue TTM Cr 301.11 117,627.08 6,332.26 8,214.72 8,093.76
Net Profit TTM Cr 214.12 11,078.20 441.61 536.96 202.51
PE TTM 6.66 26.17 53.86 8.72 20.01
1 Year Return 224.52 37.43 13.73 37.70 52.95
ROCE 12.53 9.04 11.89 21.11 5.91
ROE 19.01 14.35 10.99 23.24 5.03
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 103.36 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 38,211.58 -20,152.87
LAST 3M 113,440.41 -31,179.37
LAST 6M 172,266.38 32,742.67
LAST 12M 272,035.18 123,918.17

Modern Threads (I) Ltd Information

Stock PE (TTM)
6.66
Promoter Holding
65.1%
Book Value
33.6429
ROCE
12.53%
ROE
19.01%
Description
  • Incorporated in Aug.`80, Modern Threads (I) Ltd commenced operations in Jan.`82 at its plant located in Raila, Bhilwara district, Rajasthan. It was jointly promoted by the Rajasthan State Industrial Development & Investment Corporation (RIICO) and H S Ranka for manufacturing industrial yarn and sewing thread. The company has since diversified into the manufacture of synthetic blended grey, dyed and fancy yarn. The Company is one of the biggest manufacturers and exporters of wool and blended worsted yarn from India. Modern Woollens Division is having plant at Bhilwara, Rajasthan, as manufacturers and exporters of wool and blended worsted yarn from India. Modern Threads Division is also having its plant at Raila, District Bhilwara, Rajasthan. In Sep.`94, the Woollen divisions of Modern Woollens and Suneel Textile Mills were merged with the company. In Feb.`95, it came out with a rights-cum-public issue to set up a unit under the EPCG scheme (inst. cap. : 25334 spindles) to manufacture synthetic blended grey, dyed and fancy yarn and increase the existing facilities from 23,888 spindles to 25,808 spindles. Company`s threads division was awarded the ISO 9002 certification by the BIS (Bureau of Indian Standards) for the manufacture and supply of polyester viscose and blended yarn. Company has been awarded higher export performance award for WOOL TOPS and second highest export Performance award in WORSTED YARN from Wool and Woolen Export Promotion Council. The company new project to manufacture Paraxylene (PX) and Purified Terephthalic Acid (PTA), at Bharuch, Gujarat, in technical collaboration with UOP Inter Americana U.S.A. for PX and INCA International, a Subsidiary of DOW Chemicals, U.S.A. for PTA could not be implemented as per schedule and now the company has decided to shelve the project for the time being. During 1999-2000, the accumulated losses of the company have resulted in erosion of more than 50% of its peak net worth and hence making it potentially sick company and proposes to report the fact of such erosion to the BIFR. The reference is now under consideration. The Company doubled the production capacity of all wool and wool blended worsted yarn in 2006. In 2014, about 1000 spindles were added with balanced preparatory machines to enhance yearly production capacity of worsted yarn from 1700 tons to 2100 tons. The Company started manufacturing & exporting RWS (Responsible Wool Standard) & GRS (Global Recycled Standard) products & supplying sustainable yarn in global market in 2021.

Registered Address

Modern Woollens Hamirgarh Road, Pragati Path, Bhilwara, Rajasthan, 311001

Tel : 91-1482-241801
Email : modernjaipuroffice:gmail.com; cs:modernwoollens.co
Website : http://www.modernwoollens.com
Registrar

Beetal Fin.& Comp. Ser.(P) Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 500282
NSE Code : MODTHREAD
Book Closure Date (Month) : Sep
BSE Group : T
ISIN : INE794W01014

FAQ’s on Modern Threads (I) Ltd Shares

You can buy Modern Threads (I) Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Modern Threads (I) Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 13, 2024 03:55 PM the closing price of Modern Threads (I) Ltd was Rs.68.15.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 13, 2024 03:55 PM, the market cap of Modern Threads (I) Ltd stood at Rs. 236.99.

The latest PE ratio of Modern Threads (I) Ltd as of May 13, 2024 03:55 PM is 6.66

The latest PB ratio of Modern Threads (I) Ltd as of May 13, 2024 03:55 PM is 0.49

The 52-week high of Modern Threads (I) Ltd share price is Rs. 75.50 while the 52-week low is Rs. 21.00

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