Southern Latex Ltd
Incorporated in 1989, Southern Latex Ltd manufactures and sells rubberized coir products[1]
- Market Cap ₹ 22.3 Cr.
- Current Price ₹ 30.3
- High / Low ₹ 89.9 / 19.6
- Stock P/E 77.0
- Book Value ₹ 9.58
- Dividend Yield 0.00 %
- ROCE 4.78 %
- ROE 4.05 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 3.17 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
Quarterly Results
Figures in Rs. Crores
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: | 19% |
| 5 Years: | 28% |
| 3 Years: | 17% |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Number of permanent employees count |
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Extracted by Screener AI
Documents
Announcements
- Reg. 34 (1) Annual Report.
-
Submission Of Notice Of 37Th Annual General Meeting To Be Held On 10Th September, 2026 At 11.30 A.M. Through Video Conferencing ('VC') Or Other Audio Visual Means ('OAVM').
- 37th AGM on 10 September 2026 to approve name change to Shirdi Engineering and new electrical objects.
- Intimation Of Shareholder Meeting To Be Held On Thursday, The 10Th September,2026 At 11:30A.M.
- Fixes Record Date For Annual General Meeting To Be Held On Thursday, The 10Th September,2026
- Fixes Book Closure For Annual General Meeting
Annual reports
-
Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
from bse
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Annual Report 2019
from bse
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Annual Report 2018
from bse
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Annual Report 2017
from bse
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Annual Report 2016
from bse
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Annual Report 2015
from bse
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Annual Report 2013
from bse
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Annual Report 2012
from bse
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Annual Report 2011
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