Southern Latex

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 Rs 25 Cr and reporting no net profit as of March 2025.

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 Ltd 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 March 2025, showing no net profit.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2025)<BR>Market-cap value: Rs 25 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 25.00<BR>Industry P/E: 52<BR>Dividend Yield: 0.00%<BR>Debt-Equity: 0.01<BR>Return on Equity: 3.66%<BR>Price-to-Book: 3.87<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

Has Southern Latex declared dividend?

No Dividend History Available

Who are the peers of the Southern Latex?

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. K P R Mill Ltd shows the highest 1-year return at 41.29%, while Southern Latex outperforms with 45.13%.

Peers: The peers of Southern Latex are Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Scarnose Inter., Shubham Polyspin, Valson Industrie, Gem Spinners.<BR><BR>Quality Snapshot: Excellent management risk is observed at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Good management risk is found at Trent. Average management risk is present at Trident, and Below Average management risk is seen at Scarnose Inter., Shubham Polyspin, Valson Industrie, and Jiwanram Sheo. Growth is Excellent for K P R Mill Ltd, while Excellent growth is also noted for Trent; Good growth is found at Trent, and Below Average growth is observed at Page Industries, Vedant Fashions, Trident, Scarnose Inter., Shubham Polyspin, Valson Industrie, and Jiwanram Sheo. Capital Structure is Excellent for K P R Mill Ltd and Page Industries, while Good capital structure is noted for Trident, and Below Average capital structure is seen at Scarnose Inter., Shubham Polyspin, Valson Industrie, and Jiwanram Sheo.<BR><BR>Return Snapshot: K P R Mill Ltd has the highest 1-year return at 41.29%, while Vedant Fashions has the lowest at -24.65%. Southern Latex's 1-year return of 45.13% is higher than both of these peers. Additionally, the six-month returns for Scarnose Inter. and Gem Spinners are negative.

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.

Who are in the management team of Southern Latex?

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 March 2022, 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>Kavitha C is noted to have a remuneration of 4.2 lacs INR, while the other members of the management team do not have reported remuneration.

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.

How big is Southern Latex?

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.

As of 24th July, Southern Latex Ltd has a market capitalization of 21.00 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 0.24 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, with Shareholder's Funds amounting to 6.54 Cr and Total Assets of 6.66 Cr.

When is the next results date for Southern Latex?

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

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

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.

Why is Southern Latex Ltd falling/rising?

As of 12-Apr, Southern Latex Ltd's stock price is falling to Rs 28.10, down 4.71% after five days of gains, and underperforming its sector by 6.86%. The stock has shown high volatility and a poor year-to-date performance of -32.92%, despite a strong long-term increase of 457.54%.

As of 12-Apr, Southern Latex Ltd's stock price is falling, currently at Rs 28.10, which represents a decrease of Rs 1.39 or 4.71%. This decline follows a trend reversal after five consecutive days of gains. Today, the stock has underperformed its sector by 6.86%, indicating weaker performance compared to the broader market. <BR><BR>The stock experienced significant volatility, trading in a wide range of Rs 4.1, with an intraday high of Rs 32.1 and a low of Rs 28. This high volatility, coupled with the fact that more volume was traded closer to the low price, suggests that investor sentiment may be shifting negatively. Additionally, while the stock has shown a strong performance over the long term, with a 457.54% increase over the past five years, its year-to-date performance is notably poor, down 32.92%, compared to a 9.00% decline in the benchmark Sensex.<BR><BR>Overall, the combination of recent underperformance, high volatility, and a significant drop in price today contributes to the current decline in Southern Latex Ltd's stock price.

Which are the latest news on Southern Latex?