Modern Threads (I) Ltd

Key Stats

Day's Price Range
52-Week Price Range

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 462
Rank 466
Rank 541
Dividend Yield
Rank 185
Rank 595
Price To Book Ratio
Rank 364
Debt To Asset
Rank 528

Company Information

Incorporated in Aug.80 Modern Threads I 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.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 rightscumpublic 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 23888 spindles to 25808 spindles.Companys 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 19992000 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.
OrganisationModern Threads (I) Ltd