Modern Threads (India) Ltd. (MODTHREAD): Modern Threads Share Price Rises 9.99% Amid Market Activity

Modern Threads Share Price rose 9.99% to Rs 52.65, driven by market activity. Market cap stands at Rs 166.47 crore.

The Modern Threads Share Price experienced a notable rise today, climbing 9.99% to reach Rs 52.65. This significant increase in share price places the company in the spotlight, particularly within the Micro Cap< 99%. With a current market capitalization of Rs 166.47 crore, Modern Threads (India) Ltd. has captured investor attention, despite the absence of a clear company-specific catalyst. The stock opened and closed at Rs 52.65, marking a consistent upward movement throughout the trading session.

Today's price rise positions Modern Threads as a top gainer in the Textile – Spinning industry. The company's performance is noteworthy given the broader market dynamics and its micro-cap status. Investors and analysts are keenly observing the stock's movement, as it aligns with the company's ongoing market activities and sector trends. This article delves into the price action, technical indicators, fundamental analysis, and sector context to provide a comprehensive understanding of Modern Threads' current market position.

Modern Threads (India) Ltd. (MODTHREAD) Share Price Today: Price Action Analysis

Metric	Value
Current Price	Rs 52.65
Previous Close	Rs 47.87
Today's Change	+Rs 4.78 (+9.99%)
Day Open	Rs 52.65
Day High	Rs 52.65
Day Low	Rs 52.65
Current Volume (BSE)	2
BSE Traded Volume	2
NSE Traded Volume	1,253
Combined NSE + BSE Volume	1,255
Turnover	Rs 0 crore
Market Capitalisation	Rs 166.47 crore
Market Cap Category	Micro Cap

Modern Threads (India) Ltd. (MODTHREAD) traded at Rs 52.65. versus the previous close of Rs 47.87, a rise of 9.99%. The stock opened at Rs 52.65, reached Rs 52.65, touched Rs 52.65. Reported volume was 2.

Modern Threads (India) Ltd. (MODTHREAD) Fundamental Analysis

Metric	Value
Market Capitalisation	Rs 166.47 crore
P/E Ratio	12.77x
P/B Ratio	1.14x
ROE	0%
ROCE	5.53%
EPS	Rs 3.75
Dividend Yield	0%

Modern Threads (India) Ltd. was valued at a P/E ratio of 12.77x, a P/B ratio of 1.14x. These multiples provide valuation context, but they should not be labelled expensive or inexpensive without a comparable peer or sector benchmark.

Profitability and capital efficiency were represented by ROE of 0% and ROCE of 5.53%. ROE relates profit to shareholder equity, while ROCE measures returns generated on the capital employed in the business.

Per-share and shareholder-return metrics included EPS of Rs 3.75, dividend yield of 0%. Dividend yield is a current or historical ratio and does not guarantee future distributions.

Modern Threads' fundamental metrics provide a deeper insight into its financial health and valuation. The company has a market capitalization of Rs 166.47 crore and an enterprise value that reflects its overall market position. The Price-to-Earnings (P/E) ratio is 12.77, which is below the industry median of 19.5 and the average of 42.18, suggesting a relatively inexpensive valuation compared to its peers.

The Price-to-Book (P/B) ratio stands at 1.14, slightly above the industry median of 0.72, indicating a higher valuation relative to its book value. The company's Return on Equity (ROE) is 0, while the Return on Capital Employed (ROCE) is 5.53, compared to the industry median of 7.53. The Earnings Per Share (EPS) is Rs 3.75, providing insight into the earnings generated per share.

Modern Threads does not offer a dividend yield, which may affect income-focused investors. The company's valuation metrics, combined with its financial performance, suggest that it is positioned competitively within the Textile – Spinning industry. This fundamental analysis highlights the importance of considering both valuation and financial health when assessing investment opportunities.

Sector and Industry Context

Metric	Value
Sector	Textile
Industry	Textile – Spinning
Benchmark Scope	same industry
Company P/E Ratio	12.77x
Benchmark Median P/E	19.5x
Benchmark Average P/E	42.18x
Benchmark P/E Range	1.43x to 329.65x
Company P/B Ratio	1.14x
Benchmark Median P/B	0.72x
Company ROE	0%
Benchmark Median ROE	2.28%
Company ROCE	5.53%
Benchmark Median ROCE	7.53%
Company Market Capitalisation	Rs 166.47 crore
Benchmark Median Market Cap	Rs 47.61 crore

Modern Threads (India) Ltd. (MODTHREAD) is classified under sector: Textile and industry: Textile – Spinning.

Modern Threads (India) Ltd. (MODTHREAD) has a P/E ratio of 12.77x, which is below the benchmark median of 19.5x, a difference of -34.51%. P/E is a valuation multiple and is not, by itself, a buy or sell signal.

Modern Threads (India) Ltd. (MODTHREAD) has a ROE of 0%, which is below the benchmark median of 2.28%, a difference of -100%. Modern Threads (India) Ltd. (MODTHREAD) has a ROCE of 5.53%, which is below the benchmark median of 7.53%, a difference of -26.56%.

Track today's top gainers through the Univest top gainers screener. The peer table below provides the company-level comparison.

Modern Threads operates within the Textile – Spinning industry, which is characterized by a diverse range of companies with varying market capitalizations and financial metrics. The industry benchmark includes 66 companies, providing a comprehensive overview of sector performance.

Modern Threads' P/E ratio of 12.77 is below the industry median of 19.5, indicating a potentially undervalued position. The company's P/B ratio of 1.14 is above the industry median of 0.72, suggesting a higher valuation relative to its book value. The ROE of 0 and ROCE of 5.53 are below the industry averages, highlighting areas for potential improvement.

The industry benchmark reveals a wide range of financial metrics, with P/E ratios ranging from 1.43 to 329.65 and P/B ratios from -11.8 to 29.81. Modern Threads' market capitalization of Rs 166.47 crore is below the industry average of Rs 206.89 crore, positioning it as a smaller player within the sector. This sector analysis provides context for Modern Threads' performance and valuation within the broader industry landscape.

Peer Comparison

Company	Symbol	Market Cap (Cr)	P/E	P/B	ROE (%)	ROCE (%)
Sumeet Industries Ltd.	SUMEETINDS	1,554.16	62.57	3.85	0	-1.66
Pashupati Cotspin Ltd.	PASHUPATI	1,354.43	130.28	8.25	6.3	8.81
Nahar Spinning Mills Ltd.	NAHARSPING	1,124.7	51.55	0.74	4.82	6.62
GHCL Textiles Ltd.	GHCLTEXTIL	1,095.41	11.39	0.71	-32.82	-32.82
Ambika Cotton Mills Ltd.	AMBIKCO	1,018.88	14.24	1.07	12.69	17.06

Modern Threads (India) Ltd. (MODTHREAD) has a P/E ratio of 12.77x compared with the displayed peer median of 51.55x. This is a relative valuation comparison, not a buy or sell signal. Its ROE of 0% compares with a peer median of 4.82% across the companies shown in the table. ROCE stood at 5.53% versus the displayed peer median of 6.62%, providing a capital-efficiency comparison. Modern Threads (India) Ltd. (MODTHREAD) has a market capitalisation of Rs 166.47 crore. Among the 5 peers shown, 5 have a larger market capitalisation.

Modern Threads' performance can be compared to several peers within the Textile – Spinning industry. Sumeet Industries Ltd. has a P/E ratio of 62.57 and a market cap of Rs 1,554.16 crore, while Pashupati Cotspin Ltd. has a P/E of 130.28 and a market cap of Rs 1,354.43 crore. Nahar Spinning Mills Ltd. has a P/E of 51.55 and a market cap of Rs 1,124.7 crore.

Compared to these peers, Modern Threads' P/E ratio of 12.77 suggests a more conservative valuation. The company's market cap of Rs 166.47 crore is significantly lower than its peers, reflecting its micro-cap status. This peer comparison highlights Modern Threads' relative valuation and market position within the industry.

Why Investors Are Watching Modern Threads

Investors are closely monitoring Modern Threads due to its recent price rise and market position. The company's performance within the Textile – Spinning industry, combined with its valuation metrics, provides a compelling case for investor interest.

• Price Action: 9.99% rise to Rs 52.65, clearing the Micro Cap threshold.
• Technical Position: Neutral RSI at 51.93, indicating stable momentum.
• Fundamental Context: P/E of 12.77, below industry median, with ROCE of 5.53.
• Sector Positioning: Operates within a diverse industry with varying financial metrics.

Investors should continue to monitor Modern Threads' market activity, financial performance, and sector trends to assess future opportunities and risks.

About Modern Threads

Modern Threads (India) Ltd. is a key player in the Textile – Spinning industry, focusing on the production and distribution of textile products. The company operates within the broader Textile sector, which encompasses a wide range of activities from spinning to fabric production.

Modern Threads' business model involves the manufacturing of yarns and fabrics, catering to both domestic and international markets. The company's product portfolio includes a variety of textile products, positioning it as a versatile player within the industry. With a focus on quality and innovation, Modern Threads aims to maintain its competitive edge in the dynamic textile market.

Track Modern Threads Share Price on Univest

Use Modern Threads (India) Ltd. (MODTHREAD) live share-price page, Univest top gainers screener, Univest market blogs to review live stock data, top gainers lists and related market analysis.

Investors and market enthusiasts can track the Modern Threads Share Price on Univest for real-time updates. Univest provides comprehensive market insights, including technical indicators, fundamental ratios, shareholding patterns, and 52-week levels. Stay informed about Modern Threads' market activity and sector performance with Univest's reliable data and analysis.

Frequently Asked Questions

What is the current share price of Modern Threads?

Ans. The current share price of Modern Threads is Rs 52.65, reflecting a 9.99% increase from the previous close of Rs 47.87. The stock moved 9.99% during the session. The intraday range extended from Rs 52.65 to Rs 52.65.

How much did Modern Threads' share price rise today?

Ans. Modern Threads' share price rose by 9.99% today, increasing from Rs 47.87 to Rs 52.65. The stock moved 9.99% during the session. The intraday range extended from Rs 52.65 to Rs 52.65.

What is Modern Threads' market capitalization?

Ans. Modern Threads has a market capitalization of Rs 166.47 crore, categorizing it as a micro-cap company. The company operates in the Textile sector. Its P/E ratio is 12.77x. ROE is 0% and ROCE is 5.53%.

What is the P/E ratio of Modern Threads?

Ans. Modern Threads' P/E ratio is 12.77, which is below the industry median of 19.5, indicating a relatively inexpensive valuation. The company trades at a P/E ratio of 12.77x. Its P/B ratio is 1.14x.

How does Modern Threads' P/B ratio compare to the industry?

Ans. Modern Threads' P/B ratio is 1.14, above the industry median of 0.72, suggesting a higher valuation relative to its book value. The company trades at a P/E ratio of 12.77x.

What is the ROCE of Modern Threads?

Ans. Modern Threads' ROCE is 5.53, below the industry median of 7.53, highlighting potential areas for improvement. ROE stands at 0%. ROCE stands at 5.53%. The relevant peer median ROE is 2.28%.

Who are Modern Threads' industry peers?

Ans. Modern Threads' industry peers include Sumeet Industries, Pashupati Cotspin, and Nahar Spinning Mills, among others. The stock belongs to the Textile sector. Its industry classification is Textile – Spinning. Comparable listed companies include Sumeet Industries Ltd., Pashupati Cotspin Ltd., Nahar.

How can I track Modern Threads' share price?

Ans. You can track Modern Threads' share price on Univest, which provides real-time updates and comprehensive market insights. The stock moved 9.99% during the session. The intraday range extended from Rs 52.65 to Rs 52.65.