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- MODTHREAD
MODTHREAD
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Forensics
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- 1M
- 6M
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Popular questions
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What does ModernThreads do?
Modern Threads, a part of Modern Group, is a leading synthetic yarn spinning plant in India. They manufacture and market premium polyester viscose yarns in a wide range of colors and styles.
Who are the competitors of ModernThreads?
ModernThreads major competitors are Pioneer Embroideries, Lambodhara Textiles, Salona Cotspin, Bengal Tea & Fabrics, Raja Bahadur Intl., Suryalata Spg Mills, Reliance Chemotex. Market Cap of ModernThreads is ₹144 Crs. While the median market cap of its peers are ₹132 Crs.
Is ModernThreads financially stable compared to its competitors?
ModernThreads seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does ModernThreads pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. ModernThreads latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has ModernThreads allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is ModernThreads balance sheet?
Balance sheet of ModernThreads is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of ModernThreads improving?
No, profit is decreasing. The profit of ModernThreads is ₹5.12 Crs for TTM, ₹25.43 Crs for Mar 2024 and ₹214 Crs for Mar 2023.
Is the debt of ModernThreads increasing or decreasing?
Yes, The debt of ModernThreads is increasing. Latest debt of ModernThreads is -₹0.87 Crs as of Sep-24. This is greater than Mar-24 when it was -₹18.55 Crs.
Is ModernThreads stock expensive?
Yes, ModernThreads is expensive. Latest PE of ModernThreads is 28.1, while 3 year average PE is 12.67. Also latest EV/EBITDA of ModernThreads is 26.37 while 3yr average is 10.89.
Has the share price of ModernThreads grown faster than its competition?
ModernThreads has given lower returns compared to its competitors. ModernThreads has grown at ~-29.36% over the last 1yrs while peers have grown at a median rate of -8.98%
Is the promoter bullish about ModernThreads?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in ModernThreads is 65.1% and last quarter promoter holding is 65.1%.
Are mutual funds buying/selling ModernThreads?
The mutual fund holding of ModernThreads is stable. The current mutual fund holding in ModernThreads is 0.05% while previous quarter holding is 0.05%.