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Modern Threads (India) Limited (MODTHREAD)

📊 NSE: MODTHREAD 🏢 Textiles - Spinning - Synthetic / Blended 📢 Latest filing: 07 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Modern Threads' revenue was ₹86.6 Cr (+24.0% year on year, +16.3% on the previous quarter), and net profit ₹5.9 Cr; the operating margin was 10.1%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹86.6	+24.0%	+16.3%
Operating profit	₹8.8	—	+96.8%
Net profit	₹5.9	—	+60.8%
EPS (₹)	1.69	—	—
Operating margin	10.1%	—	—

Full quarterly financials → Results calendar →

MODTHREAD delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 90.73% of the MODTHREAD shares traded on NSE were taken to delivery, against the stock's own 20-session average of 75.98%. That is close to its usual level. Turnover was only ₹1 lakh, so a handful of trades can move this figure. Volume was 0.3 times its average, well below normal.

90.73%Delivery, 16 Oct

75.98%Own 20-session average

0.3×Volume vs its average

₹45.21NSE close · -4.96%

Delivery in the last 5 sessions: 70.2% · 77.2% · 85.9% · 51.4% · 90.7%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Modern Threads Submits Reg 74(5) Demat Compliance Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Oct 2026, 10:10 AM

Modern Threads (India) Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by its Registrar and Share Transfer Agent, Beetal Financial & Computer Services (P) Ltd., dated October 5, 2026. It confirms that share certificates received for dematerialisation during the period were processed, confirmed, and listed on stock exchanges appropriately. This is a purely standard quarterly procedural filing with no operational or financial impact.

Compliance certificate pertains to the quarter ended September 30, 2026
Confirmation certificate received from RTA dated October 5, 2026
Filing submitted to BSE (Script Code: 500282) and NSE (Script Code: MODTHREAD) on October 7, 2026

💡 No investor action required; this is a mandatory procedural compliance filing.

Modern Threads Schedules 45th AGM on September 30, 2026; Sets Book Closure Dates

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 05 Sep 2026, 02:27 PM

Modern Threads (India) Limited has issued the notice for its 45th Annual General Meeting (AGM) scheduled for Wednesday, September 30, 2026. The cut-off date to determine voting eligibility via remote e-voting is September 23, 2026, with the voting window open from September 27 to September 29, 2026. The company's Register of Members and Share Transfer Books will be closed from September 24 to September 30, 2026. Key agenda items include the adoption of FY26 financial statements, director reappointment, and ratification of cost auditor remuneration of Rs 50,000.

45th Annual General Meeting to be held on September 30, 2026, at Bhilwara, Rajasthan
Share transfer books and register closed from September 24, 2026, to September 30, 2026
Remote e-voting cut-off date fixed for September 23, 2026
Remote e-voting active from September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
Proposed ratification of cost auditor remuneration of Rs 50,000 plus GST for FY 2026-27

💡 Shareholders seeking to participate should ensure their demat KYC is updated prior to the September 23, 2026 cut-off date to exercise remote e-voting.

Modern Threads Schedules 45th AGM on Sept 30, 2026; Book Closure from Sept 24-30

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 05 Sep 2026, 02:25 PM

Modern Threads (India) Limited has scheduled its 45th Annual General Meeting (AGM) for Wednesday, September 30, 2026, at Bhilwara, Rajasthan. The company has fixed September 23, 2026, as the cut-off date to determine member eligibility for remote e-voting via NSDL. The share transfer books and register of members will be closed from September 24 to September 30, 2026. Ordinary and special business include the adoption of FY26 financial statements, the reappointment of retiring director Prabodh Kumar Nahar, and ratification of cost auditor remuneration of Rs. 50,000.

45th AGM scheduled for Wednesday, September 30, 2026 at 10:00 AM in Bhilwara, Rajasthan
Cut-off date for e-voting eligibility set for September 23, 2026
Remote e-voting open from September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
Book closure period runs from September 24, 2026 to September 30, 2026 (both days inclusive)
Approval sought for cost auditor remuneration of Rs. 50,000 plus GST and expenses for FY 2026-27

💡 Eligible shareholders can participate in remote e-voting between September 27 and September 29, 2026. Keep track of the voting outcomes following the AGM on September 30, 2026.

MODTHREAD Q1 PAT Jumps to ₹5.73 Cr from ₹0.63 Lakh YoY; Revenue up 28% to ₹89.43 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 14 Aug 2026, 08:54 PM

Modern Threads (India) reported a sharp YoY jump in standalone net profit to ₹5.73 Cr for the quarter ended June 30, 2026, compared to ₹0.63 Lakh in Q1 FY26. Standalone revenue from operations grew 28.0% YoY to ₹89.43 Cr (₹8,942.70 Lakhs), representing roughly 30% of its TTM revenue. Profit before tax expanded significantly to ₹7.87 Cr from ₹0.29 Cr in the prior-year period. However, statutory auditors issued a repetitive qualified conclusion regarding unprovided cumulative preference share dividends totaling ₹10.93 Cr and unconfirmed trade balances.

Revenue from operations rose 28.0% YoY to ₹8,942.70 Lakhs vs ₹6,986.41 Lakhs in Q1 FY26.
Net profit surged to ₹572.95 Lakhs (adjusted ₹563.94 Lakhs) compared to ₹0.63 Lakhs in Q1 FY26.
Profit before tax stood at ₹787.33 Lakhs vs ₹28.95 Lakhs in the year-ago period.
Basic EPS for the quarter rose to ₹1.65 from ₹0.0018 in Q1 FY26.
Auditors issued a qualified opinion over unprovided cumulative preference dividend of ₹1,092.88 Lakhs.

💡 Monitor whether the operational profitability and revenue run-rate can be sustained in upcoming quarters, alongside the progress of settlement regarding redeemable preference shares and unconfirmed trade balances.

Modern Threads Submits Quarterly Compliance Certificate for June 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 04 Jul 2026, 03:39 PM

Modern Threads (India) Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document, issued by the Registrar and Share Transfer Agent (RTA) Beetal Financial & Computer Services (P) Ltd., confirms the processing of dematerialization requests for the quarter ended June 30, 2026. The RTA verified that security certificates received were mutilated and cancelled as per regulatory requirements. This is a standard administrative filing required for all listed entities in India.

Compliance certificate issued for the quarter ended June 30, 2026
Confirmation provided by RTA Beetal Financial & Computer Services (P) Ltd. on July 4, 2026
Verification that dematerialized certificates were mutilated and cancelled after processing
Filing adheres to SEBI (Depositories and Participants) Regulations, 2018

💡 This is a routine procedural filing. Investors should monitor the company's upcoming quarterly financial results for actual business performance indicators.

Modern Threads to Close Trading Window from July 1, 2026, for Q1 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Jun 2026, 04:23 PM

Modern Threads (India) Limited has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is a standard procedure ahead of the announcement of the unaudited financial results for the quarter ending June 30, 2026. The window will remain closed for all designated persons, including promoters and directors, until 48 hours after the results are officially declared. The specific date for the board meeting to approve these results will be communicated at a later date.

Trading window closure begins on July 1, 2026.
Closure is related to the declaration of unaudited financial results for the quarter ended June 30, 2026.
Restriction applies to all promoters, directors, and designated employees of the company.
Trading window will reopen 48 hours after the financial results are made public.

💡 This is a routine regulatory filing with no impact on company fundamentals; investors should focus on the upcoming quarterly results for performance insights.

Modern Threads FY26 Net Profit Surges 117% to ₹13.04 Cr; Auditor Issues Qualified Opinion

🔵 WATCH ⭐ 7/10

EARNINGS 📅 30 May 2026, 05:54 PM

Modern Threads (India) Limited reported a strong full-year performance for FY26, with total income rising 15.8% to ₹312.27 crore and net profit more than doubling to ₹13.04 crore from ₹6.00 crore in FY25. However, the Q4 FY26 performance showed a sequential decline, with net profit dropping to ₹3.39 crore from ₹4.41 crore in Q3 FY26. Investors should be cautious as the auditor issued a qualified opinion regarding the non-provision of ₹10.84 crore in cumulative preference share dividends and unconfirmed trade balances.

Full-year FY26 Net Profit jumped 117.3% YoY to ₹1,303.60 Lakhs compared to ₹599.96 Lakhs in FY25.
Annual Revenue from Operations grew to ₹30,057.97 Lakhs in FY26 from ₹26,004.48 Lakhs in the previous year.
Earnings Per Share (EPS) improved significantly to ₹3.75 for FY26, up from ₹1.73 in FY25.
Auditors issued a qualified opinion due to the non-provision of cumulative interest/dividends on preference shares amounting to ₹1,083.87 Lakhs.
Q4 FY26 revenue stood at ₹6,741.45 Lakhs, reflecting a sequential decline from Q3 FY26's ₹7,813.98 Lakhs.

💡 While the year-on-year growth is robust, the qualified audit report regarding substantial unprovided liabilities and the sequential dip in Q4 performance suggest a need for caution; monitor the company's progress on settling preference share obligations.

Modern Threads Promoters Declare Zero Share Encumbrance for FY 2025-26

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 06 May 2026, 04:26 PM

Modern Threads (India) Limited has submitted its annual disclosure under SEBI Takeover Regulations for the financial year ended March 31, 2026. The promoter group, including Rajesh Ranka and Generotrade Exim LLP, confirmed that they have not made any encumbrance of shares, directly or indirectly, during the period. This routine filing ensures transparency regarding the status of promoter-held equity and confirms that no shares are pledged against debt.

Promoters declared zero encumbrance of shares for the financial year ended March 31, 2026
Compliance filed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations
Entities involved include Rajesh Ranka, Generotrade Exim LLP, and Arihant Beneficiary Trust

💡 No action is required as this is a routine annual regulatory filing. Investors can take comfort in the fact that the promoter stake remains unencumbered.

Modern Threads Signs 25-Year PPA for 5 MW Power Procurement in Rajasthan

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 30 Apr 2026, 05:59 PM

Modern Threads (India) Limited has signed a long-term Power Purchase Agreement (PPA) with KGK Greens Private Limited for the procurement of 5 MW (DC) capacity. The agreement, signed on April 29, 2026, is established on a 25-year long-term basis to secure energy for its operations. The power will be sourced from the Palli site in Phalodi, Rajasthan. This move is expected to provide long-term energy cost stability and is not a related party transaction.

Signed a Power Purchase Agreement (PPA) with KGK Greens Private Limited on April 29, 2026
Procurement of 05 MW (DC) capacity to support company operations
Long-term contract duration of 25 years ensures energy security
Project site located at Palli site, Phalodi, Rajasthan 342311
The agreement is conducted at arm's length with no promoter group interest

💡 Investors should view this as a positive step toward operational cost management and energy security. Monitor future earnings reports to see the impact on power and fuel expenses.

Modern Threads Promoters Declare Zero Share Encumbrance for FY 2025-26

🟢 POSITIVE ⭐ 4/10

REGULATORY 📅 03 Apr 2026, 04:28 PM

Modern Threads (India) Limited has filed its annual disclosure under SEBI (SAST) Regulations for the financial year ended March 31, 2026. The promoter group, including Rajesh Ranka and Generotrade Exim LLP, declared that no shares were encumbered or pledged during the year. This transparency is a standard regulatory requirement that helps investors assess if promoters are using their equity as collateral for loans. The filing confirms that the promoter's stake remains free of any direct or indirect liens.

Promoters and Promoter Group confirmed zero encumbrance of shares for the financial year ended March 31, 2026.
Declaration submitted by Rajesh Ranka on behalf of the promoter group and Persons Acting in Concert (PAC).
Entities covered in the disclosure include Generotrade Exim LLP and Arihant Beneficiary Trust.
Compliance fulfilled under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

💡 This is a routine but positive confirmation that promoter holdings are not pledged. Investors can maintain their current outlook on the company's ownership structure as it indicates financial stability at the promoter level.

Modern Threads Appoints Prabodh Kumar Nahar as Whole-time Director with 99.99% Approval

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 28 Mar 2026, 12:31 PM

Modern Threads (India) Limited has confirmed the appointment of Mr. Prabodh Kumar Nahar as a Whole-time Director, designated as an Executive Director. The decision was finalized through a postal ballot process where shareholders showed overwhelming support, with 99.9998% of the 2.26 crore votes cast in favor. The resolution was passed as a Special Resolution, effective from March 27, 2026. This move formalizes a key leadership position within the company's management structure.

Appointment of Mr. Prabodh Kumar Nahar as Whole-time Director approved via Special Resolution.
Total of 2,26,63,080 votes cast in favor, representing 99.9998% of valid votes.
Negligible opposition recorded with only 38 votes cast against the resolution.
The voting results were verified by Scrutinizer R.K. Jain and finalized on March 27, 2026.

💡 This is a routine management update with strong shareholder backing. Investors should maintain their current positions while observing any strategic shifts under the new executive leadership.

Modern Threads Re-appoints Tax and Internal Auditors for FY 2025-26 and FY 2026-27

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Mar 2026, 04:26 PM

Modern Threads (India) Limited has announced the re-appointment of its auditing team following a Board meeting on March 27, 2026. S.S. Surana & Co., a firm with over 44 years of experience, has been re-appointed as the Tax Auditor for the financial year 2025-26. Additionally, Mr. Naveen Kumar Vijayvargiya has been re-appointed as the Internal Auditor for the financial year 2026-27. These appointments were made based on the recommendations of the Audit Committee to ensure continued compliance and financial oversight.

Board approved re-appointment of S.S. Surana & Co. as Tax Auditor for FY 2025-26
S.S. Surana & Co. brings over 44 years of professional experience in accounting and tax advisory
Mr. Naveen Kumar Vijayvargiya re-appointed as Internal Auditor for the financial year 2026-27
Appointments were recommended by the Audit Committee in the meeting held on March 27, 2026

💡 This is a routine regulatory filing regarding corporate governance and auditor continuity. No immediate action is required from investors as these are standard administrative updates.

Modern Threads (India) Ltd Announces Trading Window Closure from April 1, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Mar 2026, 10:40 AM

Modern Threads (India) Limited has notified the exchanges regarding the closure of its trading window starting April 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the upcoming financial results. The closure pertains to the audited financial results for the quarter and full year ending March 31, 2026. The trading window will remain closed for all designated persons until 48 hours after the results are declared.

Trading window closure commences on April 1, 2026, for all designated persons.
Closure is related to the audited financial results for the quarter and year ended March 31, 2026.
The window will reopen 48 hours after the official announcement of the financial results.
The specific date for the Board Meeting to approve results will be announced in due course.

💡 This is a routine regulatory filing with no immediate impact on stock fundamentals. Investors should monitor for the announcement of the Board Meeting date to review the company's annual performance.

Modern Threads Clarifies No Undisclosed Information Behind Recent Price Volatility

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 12 Mar 2026, 10:10 AM

Modern Threads (India) Limited has responded to a clarification request from the National Stock Exchange regarding significant recent movements in its share price. The company stated that it is in full compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015, and has disclosed all material events to the exchanges. Management clarified that no price-sensitive information has been withheld and that the current price movement is purely market-driven. This response aims to reassure investors that there are no hidden corporate developments causing the volatility.

Responded to NSE clarification letter NSE/CM/Surveillance/16558 dated March 11, 2026
Confirmed strict adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015
Stated that management is in no way connected with the recent price movement
Attributed the volatility entirely to prevailing market conditions and investor activity

💡 Investors should view this as a routine regulatory clarification and avoid speculative trading based on price volatility alone. Focus on the company's underlying financial performance and fundamental outlook rather than short-term price swings.

Modern Threads Seeks Approval for Appointment of Mr. Prabodh Kumar Nahar as Executive Director

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 25 Feb 2026, 03:05 PM

Modern Threads (India) Limited has issued a postal ballot notice to shareholders to approve the appointment of Mr. Prabodh Kumar Nahar as a Whole-time Director for a three-year term. The appointment is effective from January 7, 2026, with a proposed monthly basic salary of ₹1,40,623 and an annual increment of up to 10%. Shareholders as of the cut-off date of February 20, 2026, are eligible to participate in the electronic voting process. This move aims to formalize the leadership structure as recommended by the Nomination and Remuneration Committee.

Appointment of Mr. Prabodh Kumar Nahar as Whole-time Director for a 3-year tenure starting January 7, 2026.
Proposed remuneration includes a monthly basic salary of ₹1,40,623 and a monthly HRA of ₹5,500.
Provision for a 10% annual salary increment effective from July 1st each year starting 2026.
E-voting period is set from February 26, 2026, to March 27, 2026, for all eligible shareholders.
Bonus allowance proposed at 20% of basic salary along with standard statutory benefits like PF and Gratuity.

💡 Investors should monitor the leadership transition and ensure the proposed remuneration is commensurate with the company's financial performance. Shareholders are encouraged to exercise their voting rights during the e-voting window ending March 27, 2026.

View All MODTHREAD Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total revenue from operations decreased by 13.46% YoY, falling from INR 300.49 Cr in FY24 to INR 260.04 Cr in FY25. Segment-specific growth percentages were not disclosed in the available documents.

Profitability Margins

The adjusted net profit margin for the period ending September 30, 2025, was approximately 1.61% (INR 2.45 Cr profit on INR 151.66 Cr income). Reported net profit for the same period was INR 2.63 Cr, but was adjusted downward to INR 2.45 Cr due to audit qualifications.

EBITDA Margin

Not explicitly stated, but Profit Before Tax (PBT) for the half-year ended September 30, 2025, was INR 3.74 Cr. Total income for FY25 was INR 269.89 Cr, down 11.24% from INR 304.08 Cr in FY24.

Capital Expenditure

The company incurred capital expenditure of INR 8.32 Cr in FY25 for Property, Plant, and Equipment, compared to INR 10.42 Cr in FY24. Capital work-in-progress increased from INR 2.20 Cr to INR 5.01 Cr YoY.

Credit Rating & Borrowing

The company has sanctioned working capital limits exceeding INR 5 Cr from UCO Bank. Specific credit ratings and interest rate percentages were not disclosed.

⚙️ Operational Drivers

Raw Materials

Wool and threads (implied by company name and website). Cost of materials consumed was INR 150.52 Cr in FY25, representing 57.88% of total revenue from operations.

Raw Material Costs

Raw material costs decreased by 12.28% YoY from INR 171.59 Cr in FY24 to INR 150.52 Cr in FY25, largely tracking the 13.46% decline in revenue.

📈 Strategic Growth

Growth Strategy

The company is focusing on maintaining its presence in the woolen and thread markets, though specific strategic expansion plans were not detailed. The company actively trades in derivative financial instruments (equity, currency, and commodity) to manage financial risks or generate additional income.

Products & Services

Woolen threads, yarn, and related textile products.

Brand Portfolio

Modern Woollens, Modern Threads.

🌍 External Factors

Industry Trends

The textile and woolen industry is evolving with a focus on compliance and internal controls. Modern Threads is currently addressing material weaknesses in its financial reporting processes to align with industry standards.

Competitive Moat

The company relies on its established brand 'Modern Woollens' and its long-standing presence in the Bhilwara textile hub, though its competitive advantage is currently pressured by declining revenues and internal control issues.

Macro Economic Sensitivity

The company is sensitive to fluctuations in the textile industry and commodity prices due to its active derivative trading in commodities.

⚖️ Regulatory & Governance

Industry Regulations

The company must comply with the Companies Act, 2013, and SEBI (LODR) Regulations, 2015. It is required to file quarterly returns with UCO Bank for its working capital limits.

Taxation Policy Impact

The company did not recognize Deferred Tax Assets because it is not probable that future taxable profits will be available to utilize them, indicating a cautious outlook on future profitability.

Legal Contingencies

The company has a significant pending liability for unprovided interest/dividends on cumulative redeemable preference shares amounting to INR 10.66 Cr as of September 30, 2025.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the material weakness in internal financial controls regarding the confirmation of trade receivables and payables, which could lead to material misstatements in financial reporting.

Geographic Concentration Risk

Operations are concentrated in Bhilwara, Rajasthan.

Third Party Dependencies

Dependency on UCO Bank for working capital limits exceeding INR 5 Cr.

Technology Obsolescence Risk

The company uses accounting software with audit trail features, but the effectiveness of digital controls is currently under review due to identified material weaknesses.