--- title: "Modern Denim Ltd (MODERNDENM) — Share Price, Financials & Analysis" symbol: "MODERNDENM" company: "Modern Denim Ltd" canonical: "https://tapetide.com/stocks/MODERNDENM" isin: "INE01N301019" bse_code: "500451" sector: "Consumer Discretionary" industry: "Textiles & Apparels" generated_at: "2026-09-13T18:58:21.284Z" --- # Modern Denim Ltd (MODERNDENM) Canonical page: https://tapetide.com/stocks/MODERNDENM ## Company - **BSE Code:** 500451 - **ISIN:** INE01N301019 - **Sector:** Consumer Discretionary - **Industry:** Textiles & Apparels - **Macro Sector:** Consumer Discretionary - **Stock Type:** EQUITY - **Face Value:** ₹10 - **F&O Eligible:** No - **Website:** moderndenim.com ## About Modern Denim is primarily engaged in the business of manufacturing denim fabric. ## Latest Price ## Key Insights ### Weaknesses - Company has low interest coverage ratio. - The company has delivered a poor sales growth of 0.51% over past five years. ## Growth Rates | Metric | 1Y | 3Y | 5Y | | --- | --- | --- | --- | | net income growth | -12% | — | — | | revenue growth | -6% | -17% | 1% | ## Financial Statements ### Quarterly Results All figures in ₹ crore unless the row name says otherwise. | Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Sales | 7.86 | 5.25 | 3.79 | 5.77 | 3.89 | 4.81 | 7.91 | 5.46 | 5.8 | 4.85 | 6.79 | 3.32 | | Expenses | 8.99 | 6.41 | 5.21 | 6.82 | 5.15 | 6.06 | 9.77 | 7.05 | 7.16 | 5.69 | 9.84 | 4.78 | | Operating Profit | -1.13 | -1.16 | -1.42 | -1.05 | -1.26 | -1.25 | -1.86 | -1.59 | -1.36 | -0.84 | -3.05 | -1.46 | | OPM % | -14.38 | -22.1 | -37.47 | -18.2 | -32.39 | -25.99 | -23.51 | -29.12 | -23.45 | -17.32 | -44.92 | -43.98 | | Other Income | 0 | 0 | 0.13 | 0 | 0 | 0 | 0.66 | 0 | -1.55 | 0.15 | 0.18 | 0 | | Interest | 0 | 0 | 0.05 | 0.03 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Depreciation | 0.23 | 0.23 | 0.22 | 0.07 | 0.07 | 0.07 | 0.7 | 0.21 | 0.21 | 0.21 | 0.21 | 0.13 | | Profit before tax | -1.36 | -1.39 | -1.56 | -1.15 | -1.33 | -1.32 | -1.9 | -1.8 | -3.12 | -0.9 | -3.08 | -1.59 | | Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Net Profit | -1.36 | -1.39 | -1.56 | -1.15 | -1.33 | -1.32 | -1.9 | -1.8 | -3.12 | -0.9 | -3.08 | -1.59 | ### Profit & Loss All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Sales | 73.32 | 74.88 | 67.62 | 22.33 | 26.35 | 39.84 | 25.04 | 22.37 | 22.9 | 20.76 | | Expenses | 75.26 | 75.63 | 68.85 | 24.29 | 29.74 | 39.81 | 29.5 | 27.24 | 29.75 | 27.47 | | Operating Profit | -1.94 | -0.75 | -1.23 | -1.96 | -3.39 | 0.03 | -4.46 | -4.87 | -6.85 | -6.71 | | OPM % | -2.65 | -1 | -1.82 | -8.78 | -12.87 | 0.08 | -17.81 | -21.77 | -29.91 | -32.32 | | Other Income | 0.38 | -2.61 | -0.06 | 1.3 | -1.79 | 0.35 | 0.13 | 0.15 | -1.21 | -1.22 | | Interest | 0.56 | 0.11 | 0.05 | 0.02 | 0.02 | 0.03 | 0.09 | 0.07 | 0 | 0 | | Depreciation | 0.99 | 0.99 | 0.98 | 0.94 | 1.06 | 0.93 | 0.91 | 0.91 | 0.84 | 0.76 | | Profit before tax | -3.11 | -4.46 | -2.32 | -1.62 | -6.26 | -0.58 | -5.33 | -5.7 | -8.9 | -8.69 | | Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | | Net Profit | -3.11 | -4.46 | -2.32 | -1.62 | -6.26 | -0.58 | -5.34 | -5.7 | -8.9 | -8.69 | | 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 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Equity Capital | 37.5 | 37.5 | 37.5 | 37.5 | 37.5 | 37.5 | 37.5 | 37.5 | 37.5 | 37.5 | | Reserves | -74.44 | -77.6 | -82.08 | -84.47 | -86.11 | -92.31 | -92.86 | -98.21 | -103.9 | -112.8 | | Borrowings | 44.47 | 61.18 | 68.03 | 68.38 | 71.05 | 71.5 | 75.65 | 79.97 | 85.85 | 87.02 | | Other Liabilities | 36.73 | 33.68 | 32.82 | 22.31 | 19.74 | 17.4 | 19 | 17.3 | 16.93 | 15.5 | | Total Liabilities | 44.26 | 54.76 | 56.27 | 43.72 | 42.18 | 34.09 | 39.29 | 36.56 | 36.38 | 27.22 | | Fixed Assets | 19.79 | 18.91 | 14.89 | 10.04 | 11.46 | 10.42 | 9.52 | 8.62 | 7.73 | 5.92 | | CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Other Assets | 24.47 | 35.85 | 41.38 | 33.68 | 30.72 | 23.67 | 29.77 | 27.94 | 28.65 | 21.3 | | Total Assets | 44.26 | 54.76 | 56.27 | 43.72 | 42.18 | 34.09 | 39.29 | 36.56 | 36.38 | 27.22 | ### Cash Flow All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Cash from Operating Activity | -11.04 | -15.96 | -6.62 | 2.11 | 6.82 | -2.99 | -5.1 | -4.11 | -6.29 | -1.98 | | Cash from Investing Activity | 0.08 | -0.04 | -0.04 | 0.42 | 0.28 | -0.04 | 0.64 | -0.01 | 0.18 | 0.89 | | Cash from Financing Activity | 11.02 | 15.67 | 6.87 | -2.81 | -7.07 | 3.36 | 4.15 | 4.31 | 5.89 | 1.17 | | Net Cash Flow | 0.07 | -0.33 | 0.21 | -0.28 | 0.03 | 0.33 | -0.31 | 0.19 | -0.22 | 0.09 | | Free Cash Flow | -11.06 | -16.07 | -6.68 | 2.47 | 7.03 | -3.02 | -4.5 | -4.13 | -6.12 | -1.09 | | CFO/OP | -273 | 823 | 868 | -176 | -336 | 90 | -17100 | 92 | 129 | 29 | ### Ratios | Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Debtor Days | 37.84 | 58.89 | 74.58 | 41.29 | 53.61 | 78.54 | 70.36 | 62.97 | 67.88 | 50.21 | | Inventory Days | 107.22 | 164.67 | 172.7 | 141.98 | 213.46 | 229.88 | 240.33 | 383.9 | 462.9 | 312.7 | | Days Payable | 87.88 | 85.76 | 80.55 | 26.1 | 62.37 | 53.54 | 44.22 | 49.9 | 45.39 | 7.12 | | Cash Conversion Cycle | 57.18 | 137.8 | 166.73 | 157.18 | 204.7 | 254.88 | 266.46 | 396.97 | 485.39 | 355.78 | | Working Capital Days | -166.7 | -60.73 | -26.52 | -27.53 | -99.87 | -55.82 | -8.61 | 13.85 | 41.28 | -53.08 | | ROCE % | 44.93 | -17.83 | -5.66 | 3.43 | -4.65 | -10.94 | -3.24 | -26.5 | -26.35 | -47.16 | ## Shareholding Pattern ### annual | Category | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Promoters | 36.56% | 36.56% | 36.56% | 36.56% | 36.56% | 36.56% | 36.56% | 36.56% | 36.56% | 36.56% | 36.56% | | DIIs | 10.9% | 10.9% | 10.9% | 10.9% | 10.9% | 10.9% | 10.9% | 32.49% | 32.49% | 32.49% | 32.49% | | Government | 21.58% | 21.58% | 21.58% | 21.58% | 21.58% | 21.58% | 21.58% | 0% | 0% | 0% | 0% | | Public | 30.96% | 30.96% | 30.96% | 30.96% | 30.97% | 30.97% | 30.96% | 30.96% | 30.96% | 30.97% | 30.97% | | No. of Shareholders | 54765 | 54765 | 54766 | 54787 | 54814 | 54815 | 54827 | 54831 | 54850 | 54861 | 54860 | ### Quarterly | Category | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Mar 2026 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Promoters | 36.56% | 36.56% | 35.79% | 36.56% | 36.56% | 36.56% | 36.56% | 36.56% | 36.56% | 36.56% | 36.56% | 36.56% | | DIIs | 32.49% | 32.49% | 31.79% | 32.49% | 32.49% | 32.49% | 32.49% | 32.49% | 32.49% | 32.49% | 32.49% | 32.49% | | Public | 30.97% | 30.96% | 32.44% | 30.97% | 30.97% | 30.96% | 30.96% | 30.96% | 30.96% | 30.97% | 30.97% | 30.97% | | No. of Shareholders | 54830 | 54831 | 56412 | 54840 | 54849 | 54850 | 54850 | 54856 | 54857 | 54861 | 54866 | 54860 | ## Technical Indicators Derived from daily closing prices and recomputed each trading session; values move with the market. - **Overall Signal:** Sell - **Buy / Neutral / Sell:** 6 / 6 / 7 ### Moving Averages — summary: **Neutral** | Indicator | Value | Signal | | --- | --- | --- | | SMA (10) | 14.42 | Sell | | EMA (10) | 14.19 | Sell | | SMA (20) | 14.57 | Sell | | EMA (20) | 14.02 | Sell | | SMA (50) | 12.79 | Buy | | EMA (50) | 13.16 | Sell | | SMA (100) | 12.28 | Buy | | EMA (100) | 12.31 | Buy | | SMA (200) | 10.56 | Buy | | EMA (200) | 10.92 | Buy | ### Oscillators — summary: **Sell** | Indicator | Value | Signal | | --- | --- | --- | | RSI (14) | 46.2 | Neutral | | MACD (12,26,9) | 0.37 | Sell | | Stochastic (14,3,3) | 29.13 | Neutral | | ADX (14) | 21.13 | Neutral | | Williams %R (14) | -64.84 | Neutral | | ATR (14) | 0.92 | High Volatility | | ROC (12) | -7.33 | Sell | | Stoch RSI (14) | 0 | Buy | | UO (7,14,28) | 50.35 | Neutral | ## Filings & Documents ### Exchange Filings & Announcements | Date | Document | | --- | --- | | 2026-08-12 | [Board Meeting Outcome for Outcome Of Board Meeting Held On August 12 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2237caa1-67c7-4879-82d7-f7dd5609005e.pdf) | | 2026-07-01 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On 26Th June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=277a500d-e43f-4f26-8000-b03fcf711acc.pdf) | | 2026-02-14 | [Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E 14Th February 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ca4bffe0-76e3-4449-a69b-12249bd3d745.pdf) | | 2026-01-09 | [Board Meeting Outcome for Outcome Of Board Meeting Held Today IE 09Th January 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=230be6ee-0db4-4c7d-89b8-6b4ff4974081.pdf) | | 2025-11-12 | [Board Meeting Outcome for Board Meeting Outcome For Outcome Of Board Meeting Held Today IE 12Th November 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2daa0795-6464-41ba-aeb9-e4cb7cad2a78.pdf) | | 2025-10-03 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f44f2517-0b5d-4bd1-b427-4ef63c8e147b.pdf) | | 2025-09-30 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9509932b-9e16-4a97-9c04-4e4595dbb2b0.pdf) | | 2025-08-14 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 14.08.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7b7f9151-5f3b-4032-9b63-1fc4711cdd37.pdf) | | 2025-08-14 | [Unaudited Financial Results For The Quarter Ended 30 June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=48938325-5ce6-45b5-ac1d-54bf5161d140.pdf) | | 2025-08-12 | [Board Meeting Intimation for Approval Of Unaudited Financial Results For The Quarter Ended 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fd7bb826-81c0-44a5-b348-1aa086c4d2b7.pdf) | ### Other Documents | Date | Document | | --- | --- | | 9 Jan - Appoint Suvrat Ranka as Joint Managing Director effective Jan 9, 2026, five-year term, subject to shareholder approval. | [Board Meeting Outcome for Outcome Of Board Meeting Held Today I,E, 09Th January, 2026 9 Jan - Appoint Suvrat Ranka as Joint Managing Director effective Jan 9, 2026, five-year term, subject to shareholder approval.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/230be6ee-0db4-4c7d-89b8-6b4ff4974081.pdf) | | 14 Feb - Board approved unaudited results for quarter and period ended Dec 31, 2025; limited review by J T Shah & Company. | [Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E 14Th February 2026 14 Feb - Board approved unaudited results for quarter and period ended Dec 31, 2025; limited review by J T Shah & Company.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ca4bffe0-76e3-4449-a69b-12249bd3d745.pdf) | | 12 Nov 2025 - Approved unaudited Q2/H1 results for period ended Sep 30, 2025; limited review by J T Shah. | [Board Meeting Outcome for Board Meeting Outcome For Outcome Of Board Meeting Held Today I,E, 12Th November 2025 12 Nov 2025 - Approved unaudited Q2/H1 results for period ended Sep 30, 2025; limited review by J T Shah.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2daa0795-6464-41ba-aeb9-e4cb7cad2a78.pdf) | | — | [Reg. 34 (1) Annual Report. 3 Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f44f2517-0b5d-4bd1-b427-4ef63c8e147b.pdf) | | — | [Shareholder Meeting / Postal Ballot-Outcome of AGM 30 Sep 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9509932b-9e16-4a97-9c04-4e4595dbb2b0.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 2026-09-13T18:58:21.284Z.