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 Rs 25 Cr and reporting no net profit as of March 2025.

Overview:<BR>Southern Latex Ltd is engaged in the manufacturing, processing, and selling of rubberized coir products within the Garments & Apparels industry and operates as a Micro Cap company.<BR><BR>History:<BR>Southern Latex Ltd 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 2025, showing no net profit.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2025)<BR>Market-cap value: Rs 25 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 25.00<BR>Industry P/E: 52<BR>Dividend Yield: 0.00%<BR>Debt-Equity: 0.01<BR>Return on Equity: 3.66%<BR>Price-to-Book: 3.87<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

Has Southern Latex declared dividend?

No Dividend History Available

Who are the peers of the Southern Latex?

Southern Latex's peers include Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Scarnose Inter., Shubham Polyspin, Valson Industrie, and Gem Spinners. K P R Mill Ltd shows the highest 1-year return at 41.29%, while Southern Latex outperforms with 45.13%.

Peers: The peers of Southern Latex are Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Scarnose Inter., Shubham Polyspin, Valson Industrie, Gem Spinners.<BR><BR>Quality Snapshot: Excellent management risk is observed at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Good management risk is found at Trent. Average management risk is present at Trident, and Below Average management risk is seen at Scarnose Inter., Shubham Polyspin, Valson Industrie, and Jiwanram Sheo. Growth is Excellent for K P R Mill Ltd, while Excellent growth is also noted for Trent; Good growth is found at Trent, and Below Average growth is observed at Page Industries, Vedant Fashions, Trident, Scarnose Inter., Shubham Polyspin, Valson Industrie, and Jiwanram Sheo. Capital Structure is Excellent for K P R Mill Ltd and Page Industries, while Good capital structure is noted for Trident, and Below Average capital structure is seen at Scarnose Inter., Shubham Polyspin, Valson Industrie, and Jiwanram Sheo.<BR><BR>Return Snapshot: K P R Mill Ltd has the highest 1-year return at 41.29%, while Vedant Fashions has the lowest at -24.65%. Southern Latex's 1-year return of 45.13% is higher than both of these peers. Additionally, the six-month returns for Scarnose Inter. and Gem Spinners are negative.

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.

Who are in the management team of Southern Latex?

As of March 2022, 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), with Kavitha C earning a remuneration of 4.2 lacs INR. Other members' remuneration details are not reported.

As of March 2022, 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>Kavitha C is noted to have a remuneration of 4.2 lacs INR, while the other members of the management team do not have reported remuneration.

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.

How big is Southern Latex?

As of 24th July, Southern Latex Ltd has a market capitalization of 21.00 Cr, with reported Net Sales of 0.00 Cr and a Net Profit of 0.24 Cr in the latest four quarters. Shareholder's Funds are 6.54 Cr and Total Assets are 6.66 Cr as of March 2024.

As of 24th July, 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 0.24 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, with Shareholder's Funds amounting to 6.54 Cr and Total Assets of 6.66 Cr.

When is the next results date for Southern Latex?

The next results date for Southern Latex is 12 August 2025.

The next results date for Southern Latex is scheduled for 12 August 2025.

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.

Which are the latest news on Southern Latex?

Which are the latest news on Southern Latex?

Why is Southern Latex falling/rising?

As of 22-Dec, Southern Latex Ltd's stock price is Rs 42.75, down 4.98%. The stock has declined 15.61% over the past week and 47.14% over the past month, indicating a bearish trend and declining investor participation.

As of 22-Dec, Southern Latex Ltd's stock price is falling, currently at Rs 42.75, which reflects a decrease of Rs 2.24 or 4.98%. The stock has been underperforming significantly, with a decline of 15.61% over the past week and 47.14% over the past month, contrasting sharply with the Sensex, which has shown slight gains during these periods. <BR><BR>Today, the stock has experienced a consecutive fall for three days, resulting in a total drop of 13% in returns. The intraday trading range has been wide, with a high of Rs 47.2 and a low of Rs 42.75, indicating volatility. Additionally, the stock's performance today has underperformed its sector by 4.91%. <BR><BR>Investor participation appears to be declining, as evidenced by a 28.42% drop in delivery volume compared to the five-day average. Although the stock is trading above its 200-day moving average, it remains below the shorter-term moving averages, suggesting a bearish trend in the near term. Overall, these factors contribute to the ongoing decline in Southern Latex Ltd's stock price.

Why is Southern Latex Ltd falling/rising?

As of 23-Dec, Southern Latex Ltd's stock price is at Rs 41.50, reflecting a 2.92% decline and a total drop of 15.55% over the last four days. The stock has significantly underperformed the sector and the benchmark Sensex, indicating a bearish trend despite increased investor participation.

As of 23-Dec, Southern Latex Ltd's stock price is falling, currently at Rs 41.50, which reflects a decrease of Rs 1.25 or 2.92%. The stock has been on a downward trend, having lost value for the last four consecutive days, resulting in a total decline of 15.55% during this period. Additionally, the stock has underperformed compared to the sector by 3.11% today.<BR><BR>In terms of recent performance, the stock has experienced significant declines over various time frames, including a 48.68% drop over the past month, while the benchmark Sensex has shown a modest gain of 0.34% in the same period. The stock's performance over the past week is also concerning, with a decrease of 13.78% compared to the Sensex's increase of 1.00%. <BR><BR>Despite touching an intraday high of Rs 44.84 earlier today, the stock's low of Rs 40.63 indicates a wide trading range of Rs 4.21, suggesting volatility. Furthermore, while the stock is trading above its 200-day moving average, it remains below the 5-day, 20-day, 50-day, and 100-day moving averages, indicating a bearish trend in the short to medium term.<BR><BR>Investor participation has seen an increase, with a delivery volume of 5.38k on December 22, which is up by 241.59% against the 5-day average. However, this rise in participation has not translated into price stability or growth, as the stock continues to decline. Overall, the combination of recent performance metrics and market conditions suggests that Southern Latex Ltd is currently experiencing a downward trajectory in its stock price.

Why is Southern Latex Ltd falling/rising?

As of 24-Dec, Southern Latex Ltd's stock price is rising to 41.96, reflecting a 1.11% increase after a trend reversal. Despite recent gains, the stock has seen significant declines over the past week and month, with mixed signals regarding momentum.

As of 24-Dec, Southern Latex Ltd's stock price is rising, currently at 41.96, reflecting a change of 0.46 (1.11%) upwards. This increase comes after a trend reversal, as the stock has gained after four consecutive days of decline. Additionally, it has outperformed its sector by 1.68% today. <BR><BR>Despite the recent positive movement, the stock has experienced significant declines over the past week and month, with losses of 14.61% and 47.06%, respectively. However, it has shown resilience year-to-date with a gain of 8.14% and a notable increase of 116.29% over the past three years. <BR><BR>Investor participation appears to be declining, as evidenced by a 31.55% drop in delivery volume compared to the five-day average. Furthermore, while the stock is trading above the 200-day moving average, it remains below the shorter-term moving averages, indicating mixed signals in terms of momentum. Overall, the recent rise in stock price may be attributed to a short-term recovery following a period of decline, despite the ongoing challenges reflected in longer-term performance metrics.

Why is Southern Latex Ltd falling/rising?

As of 25-Dec, the stock price of Southern Latex Ltd is rising due to a trend reversal and outperformance against its sector, despite recent declines and decreasing investor participation.

As of 25-Dec, the stock price of Southern Latex Ltd is rising, currently at 41.96, with a change of 0.46 (1.11%) upward. This increase comes after a trend reversal, as the stock has gained after four consecutive days of decline. Additionally, it has outperformed its sector by 1.68% today, indicating a relative strength compared to its peers.<BR><BR>Despite the recent positive movement, it is important to note that the stock has experienced significant declines over the past week and month, with losses of 14.61% and 47.06%, respectively. However, the year-to-date performance shows a modest gain of 8.14%, which is slightly below the Sensex's 9.30% increase. Over the longer term, the stock has demonstrated strong growth, with a 3-year increase of 116.29% and a remarkable 649.29% rise over the past 5 years.<BR><BR>Investor participation appears to be declining, as evidenced by a 31.55% drop in delivery volume compared to the 5-day average. This could indicate a lack of confidence among investors despite the current price increase. The stock's moving averages show that it is higher than the 200-day moving average but lower than the shorter-term moving averages, suggesting mixed signals regarding its momentum.<BR><BR>In summary, Southern Latex Ltd's stock is rising today due to a trend reversal and outperformance against its sector, despite recent declines and falling investor participation.

Why is Southern Latex Ltd falling/rising?

As of 26-Dec, Southern Latex Ltd's stock price is rising to Rs 43.00, up 2.48%. This increase is driven by recent gains, heightened investor interest, and a strong year-to-date performance despite recent declines.

As of 26-Dec, Southern Latex Ltd's stock price is rising, currently at Rs 43.00, reflecting an increase of Rs 1.04 or 2.48%. This upward movement can be attributed to several factors. Firstly, the stock has been gaining for the last two days, with a total return of 3.61% during this period. Additionally, it opened with a significant gain of 4.84% today and reached an intraday high of Rs 44.05, which is a rise of 4.98%. <BR><BR>Moreover, there has been a notable increase in investor participation, with delivery volume on 24 December rising by 51.65% compared to the 5-day average. This suggests growing interest among investors, contributing to the stock's positive momentum. Although the stock has experienced a decline of 4.42% over the past week and 43.79% over the past month, its year-to-date performance remains strong at +10.82%, indicating a recovery trend in the longer term. Overall, the combination of recent gains, increased trading activity, and positive year-to-date performance supports the current rise in Southern Latex Ltd's stock price.