Southern Latex

Why is Southern Latex Ltd falling/rising?

As of 01-Sep, Southern Latex Ltd's stock price is declining, currently at 34.70, reflecting a 1.98% drop and a total decrease of 5.83% over the past three days. Despite a strong monthly performance, the year-to-date decline of 17.16% indicates significant underperformance compared to the broader market.

As of 01-Sep, Southern Latex Ltd's stock price is falling, currently at 34.70, which reflects a decrease of 0.7 or 1.98%. This decline is part of a broader trend, as the stock has been losing value for the last three days, resulting in a total drop of 5.83% during this period. Additionally, the stock has underperformed its sector by 2.1% today.<BR><BR>Despite a strong performance over the past month, where the stock increased by 68.53% compared to a decline in the Sensex of 1.47%, the year-to-date performance shows a significant drop of 17.16%, which is worse than the Sensex's decline of 9.71%. Furthermore, the stock is currently trading below its 200-day moving average, although it is higher than its 5, 20, 50, and 100-day moving averages.<BR><BR>Investor participation has also decreased, as evidenced by a delivery volume of 344 on August 31, which represents an 84.16% drop against the 5-day average delivery volume. This decline in trading activity may indicate waning investor interest, contributing to the stock's downward movement. Overall, these factors collectively explain the current falling trend of Southern Latex Ltd's stock price.

Which are the latest news on Southern Latex?

Who are in the management team of Southern Latex?

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).

The management team of Southern Latex includes the following individuals:<BR><BR>1. **N Neelakanda Pillai** - Managing Director<BR>2. **Muralikrishnan** - Non-Executive & Non-Independent Director<BR>3. **Vinnakaram Krishnan Balalji** - Non-Executive & Independent Director<BR>4. **Santhi** - Non-Executive & Independent Director<BR>5. **Kavitha C** - Company Secretary & Compliance Officer<BR><BR>If you need more details about their roles or the company, feel free to ask!

What does Southern Latex do?

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 INR 27 Cr and reporting no net profit as of June 2026. The company has a P/E ratio of 90.00 and a return on equity of 4.11%.

Overview: <BR>Southern Latex Ltd is engaged in the manufacturing, processing, and selling of rubberized coir products within the Garments & Apparels industry and operates as a micro-cap company.<BR><BR>History: <BR>Southern Latex Limited was incorporated as a private limited company on 29 March 1989 and converted into a public limited company in September 1993. The latest quarterly results reported are for June 2026, showing no net profit.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: N/A <BR>Most recent Net Profit: 0 Cr (Quarterly Results - Jun 2026) <BR>Market-cap value: INR 27 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 90.00 <BR>Industry P/E: 28 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.00 <BR>Return on Equity: 4.11% <BR>Price-to-Book: 3.77 <BR><BR>Contact Details: <BR>Address: B-11/W Sipcot Indl Complex, Gummidipoondi Tiruvallur Tamil Nadu : 601201 <BR>Tel: 91-4119-322334 <BR>Email: southernlatexltd@yahoo.com <BR>Website: http://www.southernlatex.com

Who are the peers of the Southern Latex?

Peers of Southern Latex include Angel Fibers, STL Global, Subhash Silk, Sparkle GoldRock, Tusaldah, Aditya Spinners, Anirit Ventures, and Libas Consumer. Anirit Ventures has the highest 1-year return at 39.21%, while Southern Latex has a return of 15.12%.

Peers: The peers of Southern Latex are Angel Fibers, STL Global, Subhash Silk, Sparkle GoldRock, Tusaldah, Aditya Spinners, Anirit Ventures, and Libas Consumer.<BR><BR>Quality Snapshot: Below Average management risk is observed at Angel Fibers, STL Global, Tusaldah, Aditya Spinners, and the rest. Average management risk is found at Sparkle GoldRock, while Libas Consumer has a Below Average rating. Growth is Excellent at Sparkle GoldRock, while Below Average growth is noted for Angel Fibers, STL Global, Tusaldah, Aditya Spinners, and the rest. Subhash Silk, Southern Latex, Anirit Ventures, and the rest do not qualify for growth. Capital Structure is Good at Libas Consumer, while Below Average is seen at Angel Fibers, STL Global, Tusaldah, Aditya Spinners, and the rest, with Subhash Silk, Southern Latex, and Anirit Ventures not qualifying.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Anirit Ventures at 39.21%, while the lowest is Sparkle GoldRock at -36.77%. Southern Latex has a 1-year return of 15.12%, which is higher than Sparkle GoldRock but lower than Anirit Ventures. Additionally, STL Global, Tusaldah, Aditya Spinners, and Sparkle GoldRock have negative six-month returns.

How big is Southern Latex?

As of 31st August, Southern Latex Ltd has a market capitalization of 27.00 Cr, with reported Net Sales of 0.00 Cr and a Net Profit of 0.29 Cr in the latest four quarters. Shareholder's Funds are 7.05 Cr and Total Assets are 7.09 Cr as of March 2026.

As of 31st August, Southern Latex Ltd has a market capitalization of 27.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Southern Latex reported Net Sales of 0.00 Cr and a Net Profit of 0.29 Cr.<BR><BR>The latest annual period for the balance sheet is March 2026, with Shareholder's Funds amounting to 7.05 Cr and Total Assets of 7.09 Cr.

When is the next results date for Southern Latex Ltd?

The next results date for Southern Latex Ltd is 21 May 2026.

The next results date for Southern Latex Ltd is scheduled for 21 May 2026.

How has been the historical performance of Southern Latex?

Southern Latex has shown stable but inactive performance, with zero net sales and operating income from March 2019 to March 2025, while total assets and shareholder's funds have gradually increased. Despite consistent losses, other income has contributed to a slight improvement in profit before and after tax by March 2025.

Answer:<BR>The historical performance of Southern Latex shows consistent figures across multiple financial metrics, indicating a stable but inactive operational status.<BR><BR>Breakdown:<BR>Southern Latex has reported zero net sales and other operating income from March 2019 to March 2025, resulting in a total operating income of zero during this period. The company's total expenditure, excluding depreciation, has fluctuated slightly, with values ranging from 0.20 crore in March 2019 to 0.26 crore in March 2024, before slightly decreasing to 0.25 crore in March 2025. Operating profit (PBDIT) has remained negative, with losses increasing from -0.20 crore in March 2019 to -0.25 crore in March 2025. Despite these losses, the company has consistently reported other income, which has remained relatively stable, contributing to a gross profit (PBDT) of 0.29 crore in March 2025. Profit before tax has shown a slight increase over the years, reaching 0.27 crore in March 2025, while profit after tax has also improved to 0.23 crore. The company's total assets have gradually increased from 5.76 crore in March 2020 to 6.90 crore in March 2025, primarily driven by an increase in short-term loans and advances. Shareholder's funds have also risen from 5.68 crore in March 2020 to 6.77 crore in March 2025, reflecting a gradual improvement in the company's financial position. However, cash flow statements indicate no cash inflow or outflow across all years, suggesting a lack of operational activity.

Who are the top shareholders of the Southern Latex?

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.

The top shareholders of Southern Latex include Klassic Industries Private Limited, which holds the highest stake at 37.22%. The company is primarily owned by its promoters, with no pledged promoter holdings reported. Additionally, mutual funds hold 2.26% of the shares across four schemes, and foreign institutional investors (FIIs) own 1.64% through one FII. The highest public shareholder is It Village Com Private Ltd, with a stake of 4.87%. Individual investors collectively hold 24.82% of the shares.

Is Southern Latex overvalued or undervalued?

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.

As of 25 April 2023, the valuation grade for Southern Latex has moved from does not qualify to risky, indicating a significant shift in its perceived investment quality. The company appears to be overvalued, given its high PE ratio of 25.39 and a PEG ratio of 5.84, which suggests that the stock price may not be justified by its earnings growth potential. Additionally, the negative EV to EBIT and EV to EBITDA ratios of -25.43 further highlight the company's financial challenges.<BR><BR>In comparison to its peers, Southern Latex's valuation metrics stand out unfavorably. For instance, K P R Mill Ltd has a PE ratio of 47.51, while Trident's PE is at 42.6, both indicating that Southern Latex is trading at a premium despite its risky classification. Furthermore, the company's recent stock performance has been mixed, with a year-to-date return of -11.08%, contrasting sharply with the Sensex's 5.63% gain over the same period. This underperformance reinforces the notion that Southern Latex may not be a sound investment at its current valuation.

What is the technical trend for Southern Latex?

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 5 June 2025, the technical trend for Southern Latex has changed from mildly bearish to mildly bullish. The daily moving averages indicate a bullish stance, while the weekly MACD is also bullish, supporting the positive shift. However, the monthly MACD and KST remain mildly bearish, suggesting some caution. The weekly RSI is bearish, which contrasts with the mildly bullish signals from the Bollinger Bands on both weekly and monthly time frames. Overall, the current stance is mildly bullish, driven primarily by the daily moving averages and the weekly MACD, despite mixed signals from other indicators.

Has Southern Latex declared dividend?

No Dividend History Available