Southern Latex Ltd

Southern Latex has reported zero net sales from March 2019 to March 2025, with fluctuating employee costs and negative operating profit, although net profit has gradually increased from 0.19 crore in March 2020 to 0.23 crore in March 2025. The company's financial structure remains stable, but it faces ongoing challenges in revenue generation.

The next results date for Southern Latex is 12 August 2025.

Southern Latex has reported zero net sales and operating income from March 2019 to March 2025, resulting in consistent negative operating profits and stagnant financial performance, despite a slight increase in total liabilities and assets. The company has shown no significant growth in revenue or operational activity during this period.

The next results date for Southern Latex is July 30, 2025.

As of 24th July, Southern Latex Ltd has a market capitalization of 21.00 Cr, with reported Net Sales of 0.00 Cr and a Net Profit of 0.24 Cr in the latest four quarters. Shareholder's Funds are 6.54 Cr and Total Assets are 6.66 Cr as of March 2024.

The top shareholders of Southern Latex include Klassic Industries Private Limited with 37.22%, It Village Com Private Ltd at 4.87%, mutual funds holding 2.26%, and foreign institutional investors owning 1.64%. Individual investors collectively own 24.82% of the shares.

As of March 2022, the management team of Southern Latex includes N Neelakanda Pillai (Managing Director), Muralikrishnan (Non-Executive & Non-Independent Director), Vinnakaram Krishnan Balalji and Santhi (both Non-Executive & Independent Directors), and Kavitha C (Company Secretary & Compliance Officer), with Kavitha C earning a remuneration of 4.2 lacs INR. Other members' remuneration details are not reported.

As of June 5, 2025, Southern Latex shows a mildly bullish trend driven by daily moving averages and the weekly MACD, despite mixed signals from other indicators like the monthly MACD and KST, which remain mildly bearish.

As of April 25, 2023, Southern Latex is classified as a risky investment due to its high PE ratio of 25.39, unfavorable valuation metrics compared to peers, and a year-to-date return of -11.08%, indicating it may be overvalued and not a sound investment.

Southern Latex Ltd manufactures and sells rubberized coir products in the Garments & Apparels industry, operating as a Micro Cap company with a market cap of Rs 25 Cr and reporting no net profit as of March 2025.

Southern Latex's peers include Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Scarnose Inter., Shubham Polyspin, Valson Industrie, and Gem Spinners. Notably, Southern Latex has a 1-year return of 45.13%, outperforming its peers, with Page Industries showing the highest return at 26.58% and Vedant Fashions the lowest at -24.65%.