---
title: "Modern Syntex (India) Ltd (MODRNSYNTX) — Share Price, Financials & Analysis"
symbol: "MODRNSYNTX"
company: "Modern Syntex (India) Ltd"
canonical: "https://tapetide.com/stocks/MODRNSYNTX"
bse_code: "500281"
sector: "Consumer Discretionary"
industry: "Textiles & Apparels"
generated_at: "2026-09-13T18:25:37.576Z"
---

# Modern Syntex (India) Ltd (MODRNSYNTX)

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

## Company

- **BSE Code:** 500281
- **Sector:** Consumer Discretionary
- **Industry:** Textiles & Apparels
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

Modern Syntex India is engaged in manufacturing polyester and spun yarn/fabrics which include chips, POY, and polyester filament yarn and also produces synthetic blended yarns and fabrics for its yarn/fabrics segment.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -35.7% over past five years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 27% | 12% | -11% |
| revenue growth | -17% | -42% | -36% |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 23.06 | 22.76 | 22.65 | 14.33 | 18.35 | 18.47 | 15.94 |
| Expenses | 23.45 | 24.73 | 24.76 | 14.88 | 19.47 | 19.72 | 16.52 |
| Operating Profit | -0.39 | -1.97 | -2.11 | -0.55 | -1.12 | -1.25 | -0.58 |
| OPM % | -1.69 | -8.66 | -9.32 | -3.84 | -6.1 | -6.77 | -3.64 |
| Other Income | 0.03 | 0.17 | 0.35 | 1.41 | 0.06 | 0.12 | 0.06 |
| Interest | 1.99 | 1.92 | 1.98 | 2.18 | 1.98 | 1.99 | 2.01 |
| Depreciation | 2.5 | 2.5 | 2.5 | -1.7 | 1.45 | 1.45 | 1.45 |
| Profit before tax | -4.85 | -6.22 | -6.24 | 0.38 | -4.49 | -4.57 | -3.98 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -4.85 | -6.22 | -6.24 | 0.38 | -4.49 | -4.57 | -3.98 |

### Profit & Loss

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

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 518 | 512 | 520 | 504 | 621 | 503 | 356 | 93 | 82 | 68 |
| Expenses | 498 | 535 | 498 | 763 | 603 | 508 | 356 | 96 | 87 | 70 |
| Operating Profit | 20 | -23 | 21 | -259 | 17 | -5 | 0 | -3 | -5 | -2 |
| OPM % | 3.8 | -4.6 | 4.1 | -51 | 2.8 | -1 | 0.1 | -3.4 | -6 | -3.1 |
| Other Income | 8 | 102 | 4 | 545 | 15 | 3 | 1 | 1 | 2 | 1 |
| Interest | 24 | 24 | 24 | 9 | 11 | 10 | 9 | 8 | 8 | 8 |
| Depreciation | 31 | 30 | 26 | 25 | 24 | 14 | 14 | 11 | 6 | 4 |
| Profit before tax | -29 | 24 | -24 | 252 | -2 | -26 | -22 | -22 | -17 | -13 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -29 | 24 | -25 | 252 | -2 | -26 | -22 | -22 | -17 | -13 |
| 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 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 113 | 113 | 113 | 113 | 113 | 113 | 113 | 113 | 113 | 113 |
| Reserves | -471 | -444 | -468 | -208 | -210 | -236 | -258 | -280 | -297 | -310 |
| Borrowings | 749 | 701 | 721 | 481 | 35 | 259 | 253 | 185 | 185 | 185 |
| Other Liabilities | 46 | 49 | 51 | 31 | 438 | 209 | 213 | 219 | 224 | 232 |
| Total Liabilities | 438 | 420 | 417 | 417 | 375 | 345 | 320 | 237 | 226 | 221 |
| Fixed Assets | 229 | 201 | 176 | 137 | 114 | 105 | 91 | 81 | 76 | 73 |
| CWIP | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 1 | 1 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 209 | 219 | 238 | 280 | 261 | 240 | 229 | 155 | 149 | 148 |
| Total Assets | 438 | 420 | 417 | 417 | 375 | 345 | 320 | 237 | 226 | 221 |

### Cash Flow

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

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 16 | 24 | 30 | 8 | 24 | 1 | 9 | 8 | -3 | -2 |
| Cash from Investing Activity | -7 | -1 | -3 | 41 | -1 | -4 | 0 | -3 | 0 | 1 |
| Cash from Financing Activity | -14 | -23 | -25 | -49 | -15 | -8 | -9 | -3 | -1 | 0 |
| Net Cash Flow | -6 | 0 | 1 | 0 | 8 | -11 | -1 | 2 | -3 | -2 |
| Free Cash Flow | 8 | 22 | 26 | 49 | 23 | -3 | 8 | 6 | -4 | -2 |
| CFO/OP | 80 | -102 | 139 | -3 | 138 | -20 | 1852 | -257 | 58 | 86 |

### Ratios

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 26 | 23 | 14 | 5 | 5 | 3 | 8 | 12 | 8 | 18 |
| Inventory Days | 21 | 25 | 21 | 21 | 25 | 30 | 28 | 87 | 110 | 149 |
| Days Payable | 9 | 10 | 10 | 10 | 20 | 19 | 28 | 113 | 130 | 180 |
| Cash Conversion Cycle | 38 | 38 | 25 | 16 | 11 | 14 | 7 | -14 | -12 | -13 |
| Working Capital Days | 108 | 115 | 124 | 173 | -128 | -163 | -238 | -1045 | -1210 | -588 |
| ROCE % | -2 | -1 | 0 | -3 | 1 | -44 | -11 | -22 | -96 | — |

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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 2026-09-13T18:25:37.576Z.