Southern Latex Ltd

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Southern Latex Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Southern Latex Ltd

₹ 35.0 -0.48%
15 Sep 12:16 p.m.
southernlatexlimited.com BSE: 514454
About

Southern Latex Ltd is a BSE-listed company
with no commercial operations or operating revenue in FY26; it currently earns rent and interest on retained funds. Its legacy business
is rubberised-coir manufacturing/trading, while an electrical-goods diversification and name change to Shirdi Engineering Ltd were only proposals awaiting shareholder/statutory approvals as of 1 September 2026.[1][2]

Key Points

Legacy business:[1]
Incorporated for manufacturing /processing /sale
of rubberised-coir products and trading in coir/
related eco-friendly products. This business
declined following policy and demand changes.
The company reported no commercial operations
or operative income in FY26.

Website BSE
  • Market Cap ₹ 25.7 Cr.
  • Current Price ₹ 35.0
  • High / Low ₹ 89.9 / 19.6
  • Stock P/E 88.7
  • Book Value ₹ 9.58
  • Dividend Yield 0.00 %
  • ROCE 4.78 %
  • ROE 4.05 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 3.65 times its book value
  • Company has a low return on equity of 3.75% 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

Consumer Discretionary Textiles Textiles & Apparels Other Textile Products

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Quarterly Results

Figures in Rs. Crores

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.05 0.05 0.05 0.11 0.05 0.05 0.05 0.10 0.05 0.05 0.04 0.06 0.05
Operating Profit -0.05 -0.05 -0.05 -0.11 -0.05 -0.05 -0.05 -0.10 -0.05 -0.05 -0.04 -0.06 -0.05
OPM %
0.06 0.06 0.06 0.37 0.06 0.06 0.06 0.36 0.06 0.06 0.06 0.36 0.06
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 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.01 0.01 0.01 0.26 0.01 0.01 0.01 0.26 0.01 0.01 0.02 0.30 0.01
Tax % 0.00% 0.00% 0.00% 15.38% 0.00% 0.00% 0.00% 15.38% 0.00% 0.00% 0.00% 16.67% 0.00%
0.01 0.00 0.01 0.21 0.01 0.01 0.01 0.21 0.01 0.01 0.02 0.25 0.01
EPS in Rs 0.01 0.00 0.01 0.29 0.01 0.01 0.01 0.29 0.01 0.01 0.03 0.34 0.01
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
0.41 0.14 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.46 0.34 0.24 0.22 0.20 0.23 0.20 0.22 0.23 0.26 0.25 0.21 0.20
Operating Profit -0.05 -0.20 -0.23 -0.22 -0.20 -0.23 -0.20 -0.22 -0.23 -0.26 -0.25 -0.21 -0.20
OPM % -12.20% -142.86% -2,300.00%
0.46 0.42 0.45 0.45 0.46 0.49 0.46 0.48 0.54 0.55 0.54 0.54 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 0.00
Depreciation 0.27 0.06 0.05 0.04 0.03 0.03 0.02 0.02 0.01 0.01 0.01 0.00 0.00
Profit before tax 0.14 0.16 0.17 0.19 0.23 0.23 0.24 0.24 0.30 0.28 0.28 0.33 0.34
Tax % 21.43% 18.75% 17.65% 21.05% 21.74% 17.39% 20.83% 20.83% 20.00% 14.29% 14.29% 15.15%
0.11 0.13 0.14 0.15 0.19 0.19 0.19 0.20 0.24 0.24 0.23 0.28 0.29
EPS in Rs 0.15 0.18 0.19 0.20 0.26 0.26 0.26 0.27 0.33 0.33 0.31 0.38 0.39
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: 8%
5 Years: 8%
3 Years: 5%
TTM: 21%
Stock Price CAGR
10 Years: 21%
5 Years: 32%
3 Years: 27%
1 Year: -14%
Return on Equity
10 Years: 3%
5 Years: 4%
3 Years: 4%
Last Year: 4%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
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 -2.48 -2.35 -2.21 -2.05 -1.87 -1.68 -1.49 -1.29 -1.05 -0.82 -0.59 -0.31
0.10 0.10 0.08 0.07 0.13 0.01 0.01 0.01 0.00 0.00 0.00 0.00
0.05 0.02 0.02 0.03 0.07 0.07 0.11 0.16 0.17 0.11 0.13 0.04
Total Liabilities 5.03 5.13 5.25 5.41 5.69 5.76 5.99 6.24 6.48 6.65 6.90 7.09
0.87 0.81 0.76 0.71 0.68 0.65 0.63 0.61 0.59 0.58 0.57 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
4.16 4.32 4.49 4.70 5.01 5.11 5.36 5.63 5.89 6.07 6.33 6.52
Total Assets 5.03 5.13 5.25 5.41 5.69 5.76 5.99 6.24 6.48 6.65 6.90 7.09

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0.24 -0.12 -0.26 -0.30 -0.31 -0.27 -0.29 -0.28 -0.30 -0.34 -0.22 -0.35
-0.11 -0.06 0.30 0.30 0.30 0.32 0.30 0.30 0.30 0.30 0.30 0.30
0.00 0.00 -0.02 -0.01 0.06 -0.12 0.00 0.00 0.00 0.00 0.00 0.00
Net Cash Flow 0.13 -0.18 0.02 -0.01 0.04 -0.07 0.01 0.02 0.00 -0.05 0.07 -0.05
Free Cash Flow 0.36 -0.12 -0.26 -0.30 -0.31 -0.25 -0.29 -0.28 -0.30 -0.34 -0.22 -0.35
CFO/OP -580% 55% 100% 118% 130% 100% 120% 105% 104% 115% 72% 143%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 160.24 312.86 730.00
Inventory Days 109.50 0.00
Days Payable 60.83
Cash Conversion Cycle 208.91 312.86 730.00
Working Capital Days 3,418.54 10,923.93 160,965.00
ROCE % 2.23% 3.17% 3.29% 3.77% 4.18% 3.89% 4.15% 4.01% 4.84% 4.36% 4.21% 4.78%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
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Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
55.95% 55.95% 55.95% 55.95% 55.95% 55.95% 60.81% 60.81% 60.81% 60.81% 65.57% 65.57%
1.64% 1.64% 1.64% 1.64% 1.64% 1.64% 1.64% 1.64% 1.64% 1.64% 1.64% 1.64%
2.26% 2.26% 2.26% 2.26% 2.26% 2.26% 2.26% 2.26% 2.26% 2.26% 2.26% 2.26%
40.14% 40.15% 40.15% 40.13% 40.14% 40.15% 35.29% 35.29% 35.28% 35.28% 30.53% 30.51%
No. of Shareholders 6,9236,9206,9746,9857,0547,0897,0837,0807,0457,5697,5897,827

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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