Modern Thread Annual Report | Balance Sheet for FY 2021-22

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Modern Thread Ltd (Modern Thread) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Modern Thread Ltd

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

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

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 Report

Modern Thread Annual Report 2021-22

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Modern Thread Annual Report, Balance Sheet & Financials

Modern Thread Ltd (Modern Thread) Return Comparision with Primex 40 Index

Annual Report

Modern Thread Annual Report 2021-22