---
title: "Modern Terry Towels Ltd(Merged) (MODERNWOOL) — Share Price, Financials & Analysis"
symbol: "MODERNWOOL"
company: "Modern Terry Towels Ltd(Merged)"
canonical: "https://tapetide.com/stocks/MODERNWOOL"
generated_at: "2026-10-13T10:59:33.570Z"
---

# Modern Terry Towels Ltd(Merged) (MODERNWOOL)

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

## Company

- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** modernterrytowels.com

## About

Modern Terry Towels Limited, incorporated in India, Listed on the Bombay Stock exchange Limited, the company is engaged in manufacturers of Terry Towels with fully vertically integrated CAD-CAM unit with Spinning, Weaving, Dyeing and Cut-sew-Pack

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -11.3% over past five years.
- Debtor days have increased from 57.3 to 79.3 days.
- Working capital days have increased from 32.3 days to 107 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 84% | -12% | 14% |
| revenue growth | -30% | -4% | -11% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2015 | Dec 2015 | Mar 2016 |
| --- | --- | --- | --- |
| Sales | 31.04 | 10.96 | 16.09 |
| Expenses | 30.76 | 10.07 | 16.09 |
| Operating Profit | 0.28 | 0.89 | 0 |
| OPM % | 0.9 | 8.12 | 0 |
| Other Income | 0 | 0 | -6.62 |
| Interest | 0.55 | 0.11 | -0.12 |
| Depreciation | 6.36 | 0.38 | 0.38 |
| Profit before tax | -6.63 | 0.4 | -6.88 |
| Tax % | 0 | 0 | 0 |
| Net Profit | -6.64 | 0.4 | -6.87 |
| EPS in Rs | -1.52 | 0.09 | -1.58 |

### Profit & Loss

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Sep 2009 18m | Mar 2011 18m | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 73.59 | 81.18 | 80.93 | 82.86 | 89.5 | 44 | 55.95 | 35.9 | 69.7 | 49.04 |
| Expenses | 72.21 | 141.27 | 98.4 | 169.63 | 90.37 | 44.19 | 54.81 | 36.78 | 69.43 | 49.4 |
| Operating Profit | 1.38 | -60.09 | -17.47 | -86.77 | -0.87 | -0.19 | 1.14 | -0.88 | 0.27 | -0.36 |
| OPM % | 1.88 | -74.02 | -21.59 | -104.72 | -0.97 | -0.43 | 2.04 | -2.45 | 0.39 | -0.73 |
| Other Income | 15.51 | 124.42 | 35.42 | 173.37 | 13.03 | 16.68 | -1.03 | 0.92 | 0.22 | -6.56 |
| Interest | 16.6 | 9.9 | 9.45 | 7.21 | 6.01 | 2.27 | 0.49 | 0.7 | 0.92 | 0.25 |
| Depreciation | 10.56 | 10.74 | 10.98 | 16.38 | 15.96 | 8.17 | 2.28 | 3.14 | 8.42 | 1.49 |
| Profit before tax | -10.27 | 43.69 | -2.48 | 63.01 | -9.81 | 6.05 | -2.66 | -3.8 | -8.85 | -8.66 |
| Tax % | 0.58 | 0.11 | 1.61 | 0.08 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -10.33 | 43.64 | -2.52 | 62.96 | -9.81 | 6.06 | -2.66 | -3.8 | -8.86 | -8.67 |
| EPS in Rs | — | — | — | — | — | — | — | -0.87 | -2.03 | -1.99 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Sep 2009 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 43.63 | 43.63 | 43.63 | 43.63 | 43.63 | 43.63 | 43.63 | 43.63 | 43.63 | 43.63 |
| Reserves | -180.95 | -122.31 | -123.59 | -60.63 | -70.44 | -64.38 | -67.03 | -70.84 | -79.69 | -88.36 |
| Borrowings | 252.62 | 209.26 | 172.61 | 88.78 | 57.17 | 69.24 | 69.34 | 64.35 | 76.93 | 83.82 |
| Other Liabilities | 17.08 | 11.43 | 13.29 | 13.74 | 41.68 | 16.64 | 15.42 | 21.16 | 32.58 | 21.69 |
| Total Liabilities | 132.38 | 142.01 | 105.94 | 85.52 | 72.04 | 65.13 | 61.36 | 58.3 | 73.45 | 60.78 |
| Fixed Assets | 94.98 | 90.12 | 80.03 | 63.9 | 48.46 | 40.22 | 36.14 | 33.04 | 25.34 | 24.24 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 37.4 | 51.89 | 25.91 | 21.62 | 23.58 | 24.91 | 25.22 | 25.26 | 48.11 | 36.54 |
| Total Assets | 132.38 | 142.01 | 105.94 | 85.52 | 72.04 | 65.13 | 61.36 | 58.3 | 73.45 | 60.78 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Sep 2009 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 7.47 | 8.32 | 6.08 | 4.5 | 0.33 | 0.29 | -0.56 | -4.49 | -10.66 | -17.22 |
| Cash from Investing Activity | 0.06 | -5.79 | -0.86 | -0.06 | -0.54 | 0.12 | 0.1 | 0.1 | -0.61 | -0.3 |
| Cash from Financing Activity | -7.33 | -4.45 | -5.5 | -4.77 | 0.39 | 0.07 | -0.18 | 4.14 | 11.51 | 17.3 |
| Net Cash Flow | 0.2 | -1.92 | -0.28 | -0.33 | 0.18 | 0.48 | -0.64 | -0.24 | 0.23 | -0.22 |
| Free Cash Flow | 5.13 | 2.44 | 5.19 | 4.25 | -0.2 | 0.32 | -0.35 | -4.54 | -11.38 | -17.62 |
| CFO/OP | 544 | -14 | -35 | -5 | -38 | -153 | -49 | 510 | -3948 | 4783 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Sep 2009 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 39.28 | 31.65 | 20.88 | 16.78 | 11.83 | 12.86 | 17.35 | 24.91 | 67.61 | 79.34 |
| Inventory Days | 218.32 | 131.38 | 98.28 | 93.23 | 104.84 | 303.93 | 196.76 | 315.07 | 76.56 | 191.48 |
| Days Payable | 66.81 | 65.21 | 104.21 | 112.48 | 73.72 | 148.76 | 93.29 | 94.45 | 55.61 | 76.75 |
| Cash Conversion Cycle | 190.79 | 97.82 | 14.95 | -2.47 | 42.94 | 168.02 | 120.83 | 245.53 | 88.56 | 194.07 |
| Working Capital Days | 70.03 | 162.67 | 53.53 | 32.86 | -102.2 | -65.45 | -37.71 | 33.55 | -43.78 | 107.1 |
| ROCE % | — | -6.75 | -9.26 | -19.53 | -30.61 | -20.47 | -1.23 | -7.56 | -20.33 | -2.85 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 525.67 | Sell |
| EMA (10) | 525.72 | Sell |
| SMA (20) | 566.03 | Sell |
| EMA (20) | 555.39 | Sell |
| SMA (50) | 633.68 | Sell |
| EMA (50) | 618.51 | Sell |
| SMA (100) | 706.71 | Sell |
| EMA (100) | 683.55 | Sell |
| SMA (200) | 787.69 | Sell |
| EMA (200) | 752.96 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 29.73 | Buy |
| MACD (12,26,9) | -38.24 | Sell |
| Stochastic (14,3,3) | 12.28 | Buy |
| ADX (14) | 29.15 | Buy |
| Williams %R (14) | -75.31 | Neutral |
| ATR (14) | 24.33 | High Volatility |
| ROC (12) | -11.41 | Sell |
| Stoch RSI (14) | 63.62 | Neutral |
| UO (7,14,28) | 41.37 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2018-09-07 | [Corporate Action - Reduction of Capital](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8147A789_09AF_4A80_A737_A7B1AB900971_194342.pdf) |
| 2018-09-07 | [Corporate Action - Reduction of Capital](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/9/8147A789_09AF_4A80_A737_A7B1AB900971_194342.pdf) |
| 2018-08-17 | [Corporate Action - Amalagamation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6EF54127_48F6_46B7_BA47_E6B7743C1D09_175218.pdf) |
| 2018-08-17 | [Corporate Action - Amalagamation](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/8/6EF54127_48F6_46B7_BA47_E6B7743C1D09_175218.pdf) |
| 2016-07-01 | [Standalone Financial Results for March 31, 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=248ED660_087C_4371_B76A_C83F990DC83D_155353.pdf) |
| 2016-07-01 | [Standalone Financial Results for March 31, 2016](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/7/248ED660_087C_4371_B76A_C83F990DC83D_155353.pdf) |

---

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 2026-10-13T10:59:33.570Z.