Southern Latex Ltd

Southern Latex Ltd

₹ 30.0 2.46%
21 Jun - close price
About

Incorporated in 1989, Southern Latex Ltd manufactures and sells rubberized coir products[1]

Key Points

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

  • Market Cap 22.1 Cr.
  • Current Price 30.0
  • High / Low 33.6 / 14.8
  • Stock P/E 92.0
  • Book Value 8.89
  • Dividend Yield 0.00 %
  • ROCE 4.35 %
  • ROE 3.74 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 3.38 times its book value
  • Company has a low return on equity of 3.66% 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
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
0.12 0.03 0.03 0.03 0.13 0.05 0.03 0.05 0.10 0.05 0.05 0.05 0.11
Operating Profit -0.12 -0.03 -0.03 -0.03 -0.13 -0.05 -0.03 -0.05 -0.10 -0.05 -0.05 -0.05 -0.11
OPM %
0.34 0.04 0.04 0.04 0.36 0.06 0.06 0.06 0.36 0.06 0.06 0.06 0.37
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 0.01 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 0.21 0.01 0.01 0.01 0.23 0.01 0.03 0.01 0.26 0.01 0.01 0.01 0.26
Tax % 23.81% 0.00% 0.00% 0.00% 21.74% 0.00% 0.00% 0.00% 23.08% 0.00% 0.00% 0.00% 15.38%
0.17 0.01 0.01 0.01 0.18 0.00 0.02 0.01 0.20 0.01 0.00 0.01 0.21
EPS in Rs 0.23 0.01 0.01 0.01 0.24 0.00 0.03 0.01 0.27 0.01 0.00 0.01 0.29
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1.84 1.16 0.41 0.14 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1.54 1.10 0.46 0.34 0.24 0.22 0.20 0.23 0.20 0.22 0.23 0.26
Operating Profit 0.30 0.06 -0.05 -0.20 -0.23 -0.22 -0.20 -0.23 -0.20 -0.22 -0.23 -0.26
OPM % 16.30% 5.17% -12.20% -142.86% -2,300.00%
0.00 0.07 0.46 0.42 0.45 0.45 0.46 0.49 0.46 0.48 0.54 0.55
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 0.13 0.09 0.27 0.06 0.05 0.04 0.03 0.03 0.02 0.02 0.01 0.01
Profit before tax 0.17 0.04 0.14 0.16 0.17 0.19 0.23 0.23 0.24 0.24 0.30 0.28
Tax % 0.00% 25.00% 21.43% 18.75% 17.65% 21.05% 21.74% 17.39% 20.83% 20.83% 20.00% 14.29%
0.17 0.03 0.11 0.13 0.14 0.15 0.19 0.19 0.19 0.20 0.24 0.24
EPS in Rs 0.23 0.04 0.15 0.18 0.19 0.20 0.26 0.26 0.26 0.27 0.33 0.33
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: 5%
3 Years: 8%
TTM: 0%
Stock Price CAGR
10 Years: 17%
5 Years: 18%
3 Years: 41%
1 Year: 41%
Return on Equity
10 Years: 3%
5 Years: 4%
3 Years: 4%
Last Year: 4%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
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 -2.62 -2.59 -2.48 -2.35 -2.21 -2.05 -1.87 -1.68 -1.49 -1.29 -1.05 -0.82
0.00 0.10 0.10 0.10 0.08 0.07 0.13 0.01 0.01 0.01 0.01 0.01
0.23 0.10 0.05 0.02 0.02 0.03 0.07 0.07 0.11 0.16 0.16 0.11
Total Liabilities 4.97 4.97 5.03 5.13 5.25 5.41 5.69 5.76 5.99 6.24 6.48 6.66
1.46 1.22 0.87 0.81 0.76 0.71 0.68 0.65 0.63 0.61 0.59 0.58
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
3.51 3.75 4.16 4.32 4.49 4.70 5.01 5.11 5.36 5.63 5.89 6.08
Total Assets 4.97 4.97 5.03 5.13 5.25 5.41 5.69 5.76 5.99 6.24 6.48 6.66

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0.01 0.10 0.24 -0.12 -0.26 -0.30 -0.31 -0.27 -0.29 -0.28 -0.30 -0.34
0.00 -0.04 -0.11 -0.06 0.30 0.30 0.30 0.32 0.30 0.30 0.30 0.30
0.01 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 0.00 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 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 53.56 110.13 160.24 312.86 730.00
Inventory Days 116.14 118.84 109.50 0.00
Days Payable 53.09 38.20 60.83
Cash Conversion Cycle 116.61 190.77 208.91 312.86 730.00
Working Capital Days 658.59 1,120.17 3,418.54 10,923.93 160,965.00
ROCE % 3.63% 2.71% 2.23% 3.17% 3.29% 3.77% 4.18% 3.89% 4.15% 4.01% 4.84%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.21% 55.21% 55.21% 55.21% 55.21% 55.67% 55.67% 55.67% 55.95% 55.95% 55.95% 55.95%
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%
40.88% 40.88% 40.88% 40.88% 40.88% 40.44% 40.44% 40.43% 40.14% 40.14% 40.15% 40.15%
No. of Shareholders 6,8606,9027,1487,0897,0597,0006,9816,9816,9496,9236,9206,974

* 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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