Southern Latex

Why is Southern Latex Ltd falling/rising?

As of 10-Aug, Southern Latex Ltd's stock price is rising to 23.43, reflecting a 4.97% increase. This short-term recovery follows a significant decline over the past month and year, despite recent gains outperforming the sector.

As of 10-Aug, Southern Latex Ltd's stock price is rising, currently at 23.43, reflecting a change of 1.11 or 4.97% increase. This upward movement can be attributed to several factors. The stock has been on a positive trend, gaining 17.15% over the past week, significantly outperforming the Sensex, which has seen a slight decline of 0.12% during the same period. Additionally, the stock opened today with a gain of 4.97%, reaching an intraday high of Rs 23.43.<BR><BR>Despite the recent gains, it is important to note that the stock has experienced a decline of 31.45% over the past month and a year-to-date drop of 44.07%. However, the current momentum indicates a short-term recovery, as the stock has been gaining for the last four days. It is also noteworthy that the stock's performance today has outperformed its sector by 5.34%. <BR><BR>While the stock is trading higher than its 5-day moving averages, it remains below its longer-term moving averages, indicating potential volatility. Furthermore, there has been a significant drop in investor participation, with delivery volume falling by 87.32% against the 5-day average, which could impact future price movements. Nonetheless, the current rise in stock price reflects a positive short-term trend amidst a backdrop of longer-term challenges.

Which are the latest news on Southern Latex?

How big is Southern Latex?

As of 10th June, Southern Latex Ltd has a market capitalization of 21.00 Cr, with reported Net Sales of 0.00 Cr and a Net Profit of 0.29 Cr in the latest four quarters. Shareholder's Funds are 6.77 Cr and Total Assets are 6.90 Cr as of March 2025.

As of 10th June, 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 0.29 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 6.77 Cr and Total Assets of 6.90 Cr.

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 have any more questions about the company or its operations, feel free to ask!

Who are the peers of the Southern Latex?

Southern Latex's peers include Patspin India, Padam Cotton, Valson Industrie, Vivaa Tradecom, Zenith Fibres, Advance Lifes, NAPS Global, Hisar Spg. Mills, and Titanium Ten, with varying management risks and returns, where Vivaa Tradecom leads in 1-year return at 14.12% and Padam Cotton has the lowest at -74.78%.

Peers: The peers of Southern Latex are Patspin India, Padam Cotton, Valson Industrie, Vivaa Tradecom, Zenith Fibres, Advance Lifes., NAPS Global, Hisar Spg. Mills, Titaanium Ten.<BR><BR>Quality Snapshot: Excellent management risk is observed at Padam Cotton, while Average management risk is found at Hisar Spg. Mills and Zenith Fibres, and the rest have Below Average or do not qualify. Growth is Excellent at Padam Cotton, Good at NAPS Global, and Average at Hisar Spg. Mills, while the rest have Below Average or do not qualify. Capital Structure is Good at Padam Cotton, Zenith Fibres, and Hisar Spg. Mills, while the rest have Below Average or do not qualify.<BR><BR>Return Snapshot: Vivaa Tradecom has the highest 1-year return at 14.12%, while Padam Cotton has the lowest at -74.78%, and Southern Latex's 1-year return of -16.26% is better than Padam Cotton's but worse than Vivaa Tradecom's. Additionally, several peers including Patspin India, Valson Industrie, Advance Lifes., NAPS Global, Titaanium Ten, and others have negative six-month returns.

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 21 Cr. The company reported a net profit of 0 Cr for the quarter ending March 2026.

Overview: <BR>Southern Latex Ltd is engaged in the manufacturing, processing, and selling of rubberized coir products within the Garments & Apparels industry and operates in the Micro Cap market-cap bracket.<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 March 2026.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: N/A <BR>Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 21 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 70.00 <BR>Industry P/E: 23 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.00 <BR>Return on Equity: 4.11% <BR>Price-to-Book: 2.93 <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

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