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×

modern thread Ltd

10.00
+ 0.00 %
Scrip Name
MODTHREAD
ISIN No.
INE794W01014
PAN No.
AABCM1850A
Face Value
10
No. of Outstanding Shares
34,775,160
Market Capitalization
34.78 Crore

About Modern Thread Limited Delisted Shares

Modern Threads (India) Limited is a Public limited company, incorporated on 28th August, 1980 having its registered office at Modern Woolens, Hamirgarh Road, Pragati Path, Near Transport Nagar, Bhilwara-311001 (Rajasthan) India. Its Authorized capital is Rs. 1,85,00,00,000 and Paid up capital is Rs. 34,77,51,600. The Company now is one of the biggest manufacturers and exporters of wool and blended worsted yarn from India. Modern Woolens, having its plant at Bhilwara, Rajasthan, is a highly acclaimed name, as manufacturers and exporters of wool and blended worsted yarn from India. Modern has achieved an international pre-eminence in the field of processing wool during the course of time.

 

INCORPORATION DETAILS

CIN

L17115RJ1980PLC002075

Registration Date

28 August 1980

Category/Sub-category of the Company

Limited by Shares/ Non-govt company

Address of the Registered office and contact details

Modern Threads (India) Limited

Unit : Modern Woolens, Hamirgarh Road, Pragati Path Near Transport Nagar,

Bhilwara-311001 (Rajasthan)

Phone : 91-1482-241801,

Name, Address and Contact Details of

Registrar and Transfer Agent, if any

M/s Integrated Registry Management

Services Private Limited

2nd Floor, Kences Towers, North Usman Road,

T Nagar,

Chennai 600 017

 

PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

Name and Description of main products/services

NIC Code of the product/service

% to the total turnover of the Company

Wool

13123

 60.27%

Yarn

20303

 39.73%

 

BOARD OF DIRECTORS

Shri Rajesh Ranka – Chairman & Managing Director

Shri Ram Awatar Kabra – Executive Director

Smt. Veena Jain – Non-Executive, Non-Independent Director

Shri J.N. Sharma – Non-Executive, Independent Director

Mrs. Ankita Jain – Non-Executive, Independent Director

Shri C.M. Jain – Non-Executive, Independent Director

 

PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES

Modern Thread Limited does not have any subsidiary or associate company.

 

SHAREHOLDING PATTERN (As of 30-6-2022)

S. No.

Shareholders’ Name

Number of shares

% of total Shares of the company

1.

Promoter Group

2,26,36,901

65.095%

2.

Public Shareholding

1,21,38,259

34.905%

 

Total

3,47,75,160

100.00%

 

INDUSTRY OUTLOOK

Consistent efforts are being made by the Woolens Division of the Company to ensure sustainable leadership for its products in global market. Woolen division has also initiated efforts to retain existing customers’ base and contacting newer customers in overseas market with different product range in worsted yarn so as to achieve improved performance and profitability in the ensuing period.

 

PROFIT & LOSS STATEMENT OF MODERN THREAD LIMITED (In Rs. Lakhs)

PARTICULARS

2022

2021

2020

2019

Revenue from Operations

22263.09

14713.09

20058.98

22821.78

EBITDA

1244.42

527.59

2639.64

1453.58

EBITDA margins

5.58%

3.58%

13.15%

6.36%

Finance Cost

219.92

148.82

12.14

221.72

Depreciation

299.83

276.74

301.50

260.16

Other Income

206.46

253.93

2406.97

438.99

Profit/Loss before Exceptional items and Tax

724.67

102.03

2326

971.70

Exceptional items

70

70

210

105

Total Tax

 0.76

-

0.12

-

Profit After Tax (PAT)

793.91

172.03

2535.88

1076.70

PAT Margin

3.56%

1.16%

 12.64%

 4.71%

EPS

2.28

0.49

7.29

3.10

 

BALANCE SHEET OF MODERN THREAD LIMITED (In Rs. Lakhs)

PARTICULARS

31st March 2022

31st March 2021

31st March 2020

ASSETS

     

NON CURRENT ASSETS

     

Property, Plant & Equipment

3647.86

3495.96

3591.80

Capital Work in Progress

-

-

-

TOTAL NON CURRENT ASSETS

4577.68

4461.83

4618.52

CURRENT ASSETS

     

Inventories

6026.72

3927.14

4241.72

Trade receivables

2334.35

1596.50

2281.71

Cash and cash equivalent

517.94

1734.33

1138.96

Other Financial assets

22.63

19.32

31.31

Other current assets

306.03

462.76

281.06

TOTAL CURRENT ASSETS

9253.23

7785.56

 8025.84

TOTAL ASSETS

13830.91

12247.39

12644.36

EQUITY AND LIABILITIES

     

EQUITY

     

Equity Share Capital

3477.52

3477.52

3477.52

Other Equity

(14570.47)

(15391.49)

(15596.79)

TOTAL EQUITY

(11092.95)

(11913.97)

(12119.27)

LIABILITIES

     

NON CURRENT LIABILITIES

     

Borrowings

18874.85

18874.85

18874.85

Provisions

369.40

329.19

333.53

TOTAL NON CURRENT LIABILITIES

19244.77

19204.53

19208.86

CURRENT LIABILITIES

     

Borrowings

75

104.03

26.16

Trade Payables

 2678.92

1812.53

2199.96

Other Financial Liabilities

2267.99

2232.16

2559.57

Provisions

25.29

29.77

34.20

Other Current Liabilities

631.88

778.32

734.88

TOTAL CURRENT LIABILITIES

5679.09

4956.83

5554.77

TOTAL LIABILITIES

24923.86

24161.36

24763.63

TOTAL EQUITY AND LIABILITIES

13830.91

12247.39

12644.36

 

DIVIDEND HISTORY

Particulars

2022

2021

2020

Dividend (final + interim) (In Rs.)

-

-

-

Retained Earnings(In Rs. Lakhs)

(24,437.14)

(25,354.88)

(25,460.18)

 

PERFORMANCE OF THE COMPANY

Revenue from Operations of the company increased by 51.31% from Rs. 14713.09 lakhs in FY 2021 to Rs. 22263.09 lakhs in FY 2022.

EBITDA of the company increased by 135.86% from Rs. 527.59 lakhs in FY 2021 to Rs. 1244.42 lakhs in FY 2022.

Total borrowings of the company decreased from Rs. 18978.88 lakhs as of 31st March 2021 to Rs. 18949.85 lakhs as of 31st March 2022. Due to this, Finance cost of the company increased by 47.78% from Rs. 148.82 lakhs to Rs. 219.92 lakhs.

Profit after Tax of the company increased by 361.49% from Rs. 172.03 lakhs in FY 2021 to Rs. 793.91 lakhs in FY 2022.

The Current Ratio of the company as of 31st March 2022 was 1.62.

The book value of the company as of 31st March 2022 was Rs. (31.89).

 

 

Annual Reports

2020-21

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