Southern Latex Ltd
₹ 29.8
4.99%
22 May
- close price
About
Incorporated in 1989, Southern Latex Ltd manufactures and sells rubberized coir products[1]
Key Points
- Market Cap ₹ 22.0 Cr.
- Current Price ₹ 29.8
- High / Low ₹ 41.4 / 18.0
- Stock P/E 95.5
- Book Value ₹ 9.20
- Dividend Yield 0.00 %
- ROCE 4.20 %
- ROE 3.46 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Promoter holding has increased by 4.86% over last quarter.
Cons
- Stock is trading at 3.24 times its book value
- Company has a low return on equity of 4.10% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Textiles Industry: Textiles - Products
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.16 | 0.41 | 0.14 | 0.01 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | |
| 1.10 | 0.46 | 0.34 | 0.24 | 0.22 | 0.20 | 0.23 | 0.20 | 0.22 | 0.23 | 0.17 | 0.25 | |
| Operating Profit | 0.06 | -0.05 | -0.20 | -0.23 | -0.22 | -0.20 | -0.23 | -0.20 | -0.22 | -0.23 | -0.17 | -0.25 |
| OPM % | 5.17% | -12.20% | -142.86% | -2,300.00% | ||||||||
| 0.07 | 0.46 | 0.42 | 0.45 | 0.45 | 0.46 | 0.49 | 0.46 | 0.48 | 0.54 | 0.46 | 0.54 | |
| Interest | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Depreciation | 0.09 | 0.27 | 0.06 | 0.05 | 0.04 | 0.03 | 0.03 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 |
| Profit before tax | 0.04 | 0.14 | 0.16 | 0.17 | 0.19 | 0.23 | 0.23 | 0.24 | 0.24 | 0.30 | 0.28 | 0.28 |
| Tax % | 25.00% | 21.43% | 18.75% | 17.65% | 21.05% | 21.74% | 17.39% | 20.83% | 20.83% | 20.00% | 14.29% | 14.29% |
| 0.03 | 0.11 | 0.13 | 0.14 | 0.15 | 0.19 | 0.19 | 0.19 | 0.20 | 0.24 | 0.24 | 0.23 | |
| EPS in Rs | 0.04 | 0.15 | 0.18 | 0.19 | 0.20 | 0.26 | 0.26 | 0.26 | 0.27 | 0.33 | 0.33 | 0.31 |
| Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 5% |
| 3 Years: | 5% |
| TTM: | -28% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 25% |
| 3 Years: | 29% |
| 1 Year: | 5% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 4% |
| 3 Years: | 4% |
| Last Year: | 3% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7.36 | 7.36 | 7.36 | 7.36 | 7.36 | 7.36 | 7.36 | 7.36 | 7.36 | 7.36 | 7.36 | 7.36 |
| Reserves | -2.59 | -2.48 | -2.35 | -2.21 | -2.05 | -1.87 | -1.68 | -1.49 | -1.29 | -1.05 | -0.82 | -0.59 |
| 0.10 | 0.10 | 0.10 | 0.08 | 0.07 | 0.13 | 0.01 | 0.01 | 0.01 | -0.00 | -0.00 | 0.01 | |
| 0.10 | 0.05 | 0.02 | 0.02 | 0.03 | 0.07 | 0.07 | 0.11 | 0.16 | 0.17 | 0.11 | 0.12 | |
| Total Liabilities | 4.97 | 5.03 | 5.13 | 5.25 | 5.41 | 5.69 | 5.76 | 5.99 | 6.24 | 6.48 | 6.65 | 6.90 |
| 1.22 | 0.87 | 0.81 | 0.76 | 0.71 | 0.68 | 0.65 | 0.63 | 0.61 | 0.59 | 0.58 | 0.57 | |
| CWIP | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Investments | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| 3.75 | 4.16 | 4.32 | 4.49 | 4.70 | 5.01 | 5.11 | 5.36 | 5.63 | 5.89 | 6.07 | 6.33 | |
| Total Assets | 4.97 | 5.03 | 5.13 | 5.25 | 5.41 | 5.69 | 5.76 | 5.99 | 6.24 | 6.48 | 6.65 | 6.90 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.10 | 0.24 | -0.12 | -0.26 | -0.30 | -0.31 | -0.27 | -0.29 | -0.28 | -0.30 | -0.34 | ||
| -0.04 | -0.11 | -0.06 | 0.30 | 0.30 | 0.30 | 0.32 | 0.30 | 0.30 | 0.30 | 0.30 | ||
| -0.00 | -0.00 | -0.00 | -0.02 | -0.01 | 0.06 | -0.12 | -0.00 | -0.00 | -0.00 | -0.00 | ||
| Net Cash Flow | 0.06 | 0.13 | -0.18 | 0.02 | -0.01 | 0.04 | -0.07 | 0.01 | 0.02 | -0.00 | -0.05 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 110.13 | 160.24 | 312.86 | 730.00 | ||||||||
| Inventory Days | 118.84 | 109.50 | -0.00 | |||||||||
| Days Payable | 38.20 | 60.83 | ||||||||||
| Cash Conversion Cycle | 190.77 | 208.91 | 312.86 | 730.00 | ||||||||
| Working Capital Days | 1,120.17 | 3,418.54 | 10,923.93 | 160,965.00 | ||||||||
| ROCE % | 2.71% | 2.23% | 3.17% | 3.29% | 3.77% | 4.18% | 3.89% | 4.15% | 4.01% | 4.84% | 5.76% | 4.20% |
Documents
Announcements
-
Integrated Filing (Financial)
3h - Approved audited financial results for year ended March 31, 2025 with unmodified auditor opinion.
-
Financial Results For The Quarter And Year Ended 31St March, 2025
3h - Southern Latex approved audited FY25 financial results with Rs 23.15 lakh profit and unmodified audit opinion.
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Board Meeting Outcome for Outcome Of The Board Meeting As Per Regulation30 Of The SEBI(LODR) Regulation,2015
4h - Southern Latex approved and published audited FY2025 standalone financial results with unmodified audit opinion.
-
Board Meeting Intimation for Intimation Of Board Meeting As Per Regulation 29 Of The Securities & Exchange Board Of India (Listing Obligation And Disclosure Requirements) Regulations, 2015.
15 May - Board meeting on May 22, 2024, to approve audited financial results for FY 2024-25.
-
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
29 Mar - Disclosure of share disposal under SEBI regulations.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
from bse
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Financial Year 2019
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
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Financial Year 2015
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
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Financial Year 2009
from bse
Business Overview:[1][2][3]
Company was incorporated to carry on the business of manufacturing, processing, selling of rubberized coir products and also trading of coir and its related products. However, with change in policy and demand of market, the business went down and the company was not able to grow. At present, management is exploring all options to bring new business to Company. It has identified new product lines and are in the process of being implemented. Also, company is planning to venture into new business opportunities and diversify its operations