---
title: "Thambbi Modern Spinning Mills Ltd (3407) — Share Price, Financials & Analysis"
symbol: "3407"
company: "Thambbi Modern Spinning Mills Ltd"
canonical: "https://tapetide.com/stocks/3407"
sector: "Consumer Discretionary"
industry: "Textiles & Apparels"
generated_at: "2026-10-29T06:12:11.213Z"
---

# Thambbi Modern Spinning Mills Ltd (3407)

Canonical page: https://tapetide.com/stocks/3407

In the Dec 2023 quarter, revenue was ₹0.77 Cr, against ₹0.70 Cr a year earlier and net profit was −₹0.10 Cr, against −₹0.57 Cr a year earlier (compared with Dec 2022). Promoters held 90.65% of Thambbi Modern Spinning Mills in Dec 2023, up 15.68 percentage points from Sep 2023.

## Company

- **Sector:** Consumer Discretionary
- **Industry:** Textiles & Apparels
- **Macro Sector:** Consumer Discretionary
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** https://thambbimodern.com/

## About

Incorporated in 1977, Thambbi Modern Spinning Mills Ltd is in the business of leasing of land and building.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Debtor days have improved from 242 to 31.4 days.

### Weaknesses

- Company has low interest coverage ratio.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 39% | 0% | -18% |
| revenue growth | 9% | 15% | 6% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.48 | 0.47 | 0.55 | 0.58 | 0.62 | 0.73 | 0.74 | 0.7 | 0.74 | 0.76 | 0.77 | 0.77 |
| Expenses | 0.22 | 0.28 | 0.32 | 1.88 | 0.69 | 0.38 | 0.66 | 0.73 | 0.83 | 0.42 | 0.43 | 0.41 |
| Operating Profit | 0.26 | 0.19 | 0.23 | -1.3 | -0.07 | 0.35 | 0.08 | -0.03 | -0.09 | 0.34 | 0.34 | 0.36 |
| OPM % | 54.17 | 40.43 | 41.82 | -224.14 | -11.29 | 47.95 | 10.81 | -4.29 | -12.16 | 44.74 | 44.16 | 46.75 |
| Other Income | 0.8 | 0 | 0 | 0.02 | -0.02 | 0.01 | 0 | 0.01 | 0.03 | 0 | 0 | 0.01 |
| Interest | 0.56 | 0.31 | 0.65 | 0.61 | 0.39 | 0.4 | 0.44 | 0.42 | 0.47 | 0.38 | 0.37 | 0.33 |
| Depreciation | 0.17 | 0.16 | 0.14 | 0.14 | 0.15 | 0.13 | 0.13 | 0.13 | 0.14 | 0.13 | 0.13 | 0.13 |
| Profit before tax | 0.33 | -0.28 | -0.56 | -2.03 | -0.63 | -0.17 | -0.49 | -0.57 | -0.67 | -0.17 | -0.16 | -0.09 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 0.33 | -0.28 | -0.56 | -2.02 | -0.63 | -0.17 | -0.49 | -0.57 | -0.67 | -0.18 | -0.16 | -0.1 |
| EPS in Rs | 0.29 | -0.24 | -0.49 | -1.76 | -0.55 | -0.15 | -0.43 | -0.49 | -0.58 | -0.16 | -0.14 | -0.09 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2.46 | 2.02 | 1.79 | 2.2 | 2.48 | 1.91 | 1.67 | 2.21 | 2.91 | 3.04 |
| Expenses | 2.62 | 1.74 | 1.47 | 2.1 | 2.3 | 1.44 | 1.21 | 3.15 | 2.59 | 2.09 |
| Operating Profit | -0.16 | 0.28 | 0.32 | 0.1 | 0.18 | 0.47 | 0.46 | -0.94 | 0.32 | 0.95 |
| OPM % | -6.5 | 13.86 | 17.88 | 4.55 | 7.26 | 24.61 | 27.54 | -42.53 | 11 | 31.25 |
| Other Income | 0.08 | 0.32 | 0.09 | -0.05 | 0.24 | 0.01 | 0.74 | -1.71 | -0.05 | 0.04 |
| Interest | 0.43 | 0.43 | 0.67 | 1.15 | 1.67 | 1.82 | 1.69 | 1.78 | 1.74 | 1.55 |
| Depreciation | 0.4 | 0.3 | 0.23 | 0.27 | 0.6 | 0.63 | 0.65 | 0.6 | 0.54 | 0.53 |
| Profit before tax | -0.91 | -0.13 | -0.49 | -1.37 | -1.85 | -1.97 | -1.14 | -5.03 | -2.01 | -1.09 |
| Tax % | 0 | 0 | 1971.43 | 0 | 12.97 | 10.66 | 43.86 | 1.39 | 11.44 | — |
| Net Profit | -0.91 | -0.13 | -10.15 | -1.37 | -2.1 | -2.18 | -1.65 | -5.1 | -2.24 | -1.11 |
| EPS in Rs | -0.79 | -0.11 | -8.83 | -1.19 | -1.83 | -1.9 | -1.43 | -4.43 | -1.94 | -0.97 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5.76 | 5.76 | 5.76 | 5.76 | 5.76 | 5.76 | 5.76 | 5.76 | 11.53 | 11.53 |
| Reserves | 7.47 | 7.34 | -2.81 | -4.18 | -6.27 | -8.46 | -10.1 | -15.21 | -17.45 | -17.79 |
| Borrowings | 2.83 | 4.17 | 6.44 | 9.55 | 11.24 | 14.6 | 17.76 | 18.99 | 14.03 | 13.87 |
| Other Liabilities | 2.07 | 1.26 | 1.75 | 5.11 | 5.64 | 4.22 | 2.22 | 5.1 | 6.28 | 7.74 |
| Total Liabilities | 18.13 | 18.53 | 11.14 | 16.24 | 16.37 | 16.12 | 15.64 | 14.64 | 14.39 | 15.35 |
| Fixed Assets | 3.28 | 3.76 | 3.86 | 9.17 | 11.9 | 11.27 | 11.72 | 10.78 | 12.34 | 13.16 |
| CWIP | 0 | 0 | 2.21 | 1.83 | 0 | 0.55 | 0 | 1.99 | 0.17 | 0 |
| Investments | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 14.85 | 14.77 | 5.07 | 5.23 | 4.47 | 4.3 | 3.92 | 1.87 | 1.88 | 2.19 |
| Total Assets | 18.13 | 18.53 | 11.14 | 16.24 | 16.37 | 16.12 | 15.64 | 14.64 | 14.39 | 15.35 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -4.92 | -0.59 | 1.04 | 0.4 | 2.85 | 1.63 | -0.1 | -1.49 | 2.67 | 1.91 |
| Cash from Investing Activity | 0.96 | 0.12 | 0.27 | -2.45 | -5.21 | -1.48 | -0.54 | 0.27 | -1.9 | -0.32 |
| Cash from Financing Activity | 1.81 | 0.27 | -0.96 | 1.77 | 2.4 | -0.15 | 0.65 | 1.3 | -0.78 | -0.78 |
| Net Cash Flow | -2.15 | -0.2 | 0.35 | -0.27 | 0.04 | 0 | 0.02 | 0.08 | -0.01 | 0.81 |
| Free Cash Flow | -4.92 | -0.48 | 1.04 | -2.13 | -2.35 | 0.13 | -0.65 | -1.24 | 0.75 | 1.63 |
| CFO/OP | 258 | 369 | 371 | 291 | 2850 | 906 | -23 | -333 | -288 | 578 |

### Ratios

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 799.13 | 424.35 | 451.73 | 495.5 | 396.52 | 366.47 | 483.48 | 539.85 | 153.6 | 31.36 |
| Inventory Days | 212.92 | 0 | — | — | 0 | 0 | — | — | — | — |
| Days Payable | 912.5 | — | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 99.55 | 424.35 | 451.73 | 495.5 | 396.52 | 366.47 | 483.48 | 539.85 | 153.6 | 31.36 |
| Working Capital Days | 287.58 | 529.7 | 589.06 | 524.05 | -61.39 | -117.74 | -59.24 | 367.19 | -477.31 | -301.03 |
| ROCE % | -2.99 | -2.67 | 1.74 | 1.28 | -1.66 | -3.57 | -1.33 | -1.42 | -13.24 | -2.04 |

## Shareholding Pattern

### Annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Dec 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 69.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 90.65% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.12% | 0.12% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 29.78% | 24.78% | 24.78% | 24.78% | 24.78% | 24.78% | 24.9% | 9.22% |
| Others | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 4608 | 4449 | 4444 | 4447 | 4358 | 4263 | 4226 | 3979 |

### Quarterly

| Category | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 90.65% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.24% | 0.24% | 0.12% | 0.12% | 0.12% | 0.12% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 24.78% | 24.78% | 24.78% | 24.78% | 24.78% | 24.78% | 24.78% | 24.78% | 24.9% | 24.91% | 24.91% | 9.22% |
| Others | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 4358 | 4341 | 4302 | 4286 | 4263 | 4249 | 4255 | 4246 | 4226 | 4128 | 4070 | 3979 |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| 2023 | [Annual Report 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/24cc56f8-47d8-444d-9505-363c80bb7583.pdf) |
| 2022 | [Annual Report 2022](https://www.bseindia.com/bseplus/AnnualReport//73144514484.pdf) |
| 2021 | [Annual Report 2021](https://www.bseindia.com/bseplus/AnnualReport//68623514484.pdf) |
| 2020 | [Annual Report 2020](https://www.bseindia.com/bseplus/AnnualReport//5144840320.pdf) |
| 2019 | [Annual Report 2019](https://www.bseindia.com/bseplus/AnnualReport//5144840319.pdf) |
| 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport//5144840318.pdf) |
| 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport//5144840317.pdf) |
| 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport//5144840316.pdf) |
| 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport//5144840315.pdf) |
| 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport//5144840313.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-29T06:12:11.213Z.