Southern Latex Ltd - Stock Valuation and Financial Performance

BSE: 514454 | NSE: | Textile | Small Cap

Southern Latex Share Price

29.40 -0.91 -3.00%
as on 04-Oct'24 16:01

DeciZen - make an informed investing decision on Southern Latex

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Southern Latex stock performance -

mw4me loader
P/E Ratio (SA):
93.26
Market Cap:
21.6 Cr.
52-wk low:
14.8
52-wk high:
35

Is Southern Latex Ltd an attractive stock to invest in?

1. Is Southern Latex Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Southern Latex Ltd is a below average quality company.

2. Is Southern Latex Ltd undervalued or overvalued?

The key valuation ratios of Southern Latex Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Southern Latex Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Southern Latex Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Southern Latex:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Southern Latex Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 2.8%3.2%3.4%3.6%4.3%4.2%4.1%4.1%4.7%4.3%-
Value Creation
Index
-0.8-0.8-0.8-0.7-0.7-0.7-0.7-0.7-0.7-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0.40.1000000000
Sales YoY Gr.--65.9%-92.9%-100%NANANANANANA-
Adj EPS 0.10.20.20.20.30.20.30.30.30.40.3
YoY Gr.-50%5.6%15.8%13.6%-4%8.3%3.9%18.5%25%-
BVPS (₹) 6.66.877.27.57.788.38.68.98.9
Adj Net
Profit
0.10.10.10.20.20.20.20.20.20.30
Cash Flow from Ops. 0.2-0.1-0.3-0.3-0.3-0.3-0.3-0.3-0.3-0.3-
Debt/CF from Ops. 0.4-0.8-0.3-0.2000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -100%NANANA
Adj EPS 14.3%9.9%15.4%25%
BVPS3.3%3.6%3.7%3.7%
Share Price 26.4% 19.3% 44.3% 89.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
1.82.72.83.13.53.23.33.33.84.63.6
Op. Profit
Mgn %
-12.5-143.1-3517.50000000NAN
Net Profit
Mgn %
21.691.821160000000INF
Debt to
Equity
0000000000-
Working Cap
Days
3,40410,4992,40,91600000000
Cash Conv.
Cycle
4004983,93500000000

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 15.44%

Return on Equity has declined versus last 3 years average to 3.60%

Sales growth has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Southern Latex Ltd.

Standalone Consolidated
TTM EPS (₹) 0.3 -
TTM Sales (₹ Cr.) 0 -
BVPS (₹.) 8.9 -
Reserves (₹ Cr.) -1 -
P/BV 3.31 -
PE 93.26 -
From the Market
52 Week Low / High (₹) 14.75 / 35.00
All Time Low / High (₹) 1.50 / 35.00
Market Cap (₹ Cr.) 21.6
Equity (₹ Cr.) 7.4
Face Value (₹) 10
Industry PE 29.3

Management X-Ray of Southern Latex:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Southern Latex

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales0.410.140.010000000
Operating Expenses 0.460.350.240.230.200.240.210.220.230.17
Manufacturing Costs0.020.0100.0200.010.01000
Material Costs0.300.1200000000
Employee Cost 0.040.060.060.060.070.060.070.080.080.08
Other Costs 0.090.160.180.150.130.160.120.130.150.09
Operating Profit -0.05-0.20-0.23-0.23-0.20-0.24-0.21-0.22-0.23-0.17
Operating Profit Margin (%) -12.5%-143.0%-3,517.5%-------
Other Income 0.420.420.450.460.460.490.460.480.540.55
Interest 0000000000
Depreciation 0.270.060.050.040.030.030.020.020.010.01
Exceptional Items 0.0300000000-0.09
Profit Before Tax 0.140.160.170.190.230.230.240.250.290.28
Tax 0.030.030.030.040.050.040.050.050.060.04
Profit After Tax 0.110.130.140.150.190.190.190.200.240.24
PAT Margin (%) 27.5%91.8%2,116.0%-------
Adjusted EPS (₹)0.20.20.20.20.30.30.30.30.30.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 4.885.015.155.315.495.685.876.076.316.54
Share Capital 7.367.367.367.367.367.367.367.367.367.36
Reserves -2.48-2.35-2.21-2.05-1.87-1.68-1.49-1.29-1.05-0.82
Minority Interest0000000000
Debt0.100.100.080.07000000
Long Term Debt0.100.100.080.07000000
Short Term Debt0000000000
Trade Payables0.05000000000
Others Liabilities 00.020.020.030.200.080.120.170.170.12
Total Liabilities 5.035.135.265.415.695.7666.246.486.66

Fixed Assets

Gross Block1.981.981.981.751.751.741.741.741.741.74
Accumulated Depreciation1.121.171.221.041.071.101.121.141.151.16
Net Fixed Assets0.870.810.760.710.680.650.630.610.590.58
CWIP 0000000000
Investments 0000000000
Inventories0.09000000000
Trade Receivables0.180.120.020.020.0100000
Cash Equivalents 0.220.040.060.050.090.020.030.060.060.01
Others Assets3.684.164.414.634.915.095.345.575.836.07
Total Assets 5.035.135.265.415.695.7666.246.486.66

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 0.24-0.12-0.26-0.30-0.31-0.27-0.29-0.28-0.30-0.34
PBT 0.140.160.170.190.230.230.240.250.290.28
Adjustment -0.18-0.35-0.25-0.25-0.27-0.28-0.28-0.28-0.28-0.28
Changes in Working Capital 0.320.09-0.15-0.21-0.23-0.17-0.2-0.19-0.25-0.3
Tax Paid -0.05-0.01-0.03-0.04-0.05-0.04-0.05-0.05-0.06-0.04
Cash Flow From Investing Activity -0.11-0.060.300.300.300.320.300.300.300.30
Capex 0.1200000.020000
Net Investments 0000000000
Others -0.22-0.060.300.300.300.300.300.300.300.30
Cash Flow From Financing Activity 00-0.02-0.010.06-0.120000
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00-0.020000000
Interest Paid 0000000000
Dividend Paid 0000000000
Others 000-0.010.06-0.120000
Net Cash Flow 0.13-0.180.02-0.010.04-0.070.010.020-0.05
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)2.322.652.752.963.453.363.313.343.83.66
ROCE (%)2.813.223.353.624.274.164.094.134.74.34
Asset Turnover Ratio0.080.0300000000
PAT to CFO Conversion(x)2.18-0.92-1.86-2-1.63-1.42-1.53-1.4-1.25-1.42
Working Capital Days
Receivable Days2343833,8810000000
Inventory Days16611400000000
Payable Days004600000000

Southern Latex Ltd Stock News

Southern Latex Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Southern Latex on 04-Oct-2024 16:01 is ₹29.40.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Oct-2024 16:01 the market cap of Southern Latex stood at ₹21.64.
The latest P/E ratio of Southern Latex as of 04-Oct-2024 16:01 is 93.26.
The latest P/B ratio of Southern Latex as of 04-Oct-2024 16:01 is 3.31.
The 52-week high of Southern Latex is ₹35.00 and the 52-week low is ₹14.75.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Southern Latex is ₹0.00 ( Cr.) .

About Southern Latex Ltd

Southern Latex was incorporated as a private limited company on March 29, 1989 and got converted into a public limited company in September 1993. It came out with a public issue on September 19, 1994. The registered office of the company is located at Tiruvallur, Tamil Nadu.

The company has been accumulating losses and a reference was made to the board for Industrial & Financial Reconstruction (BIFR), which declared it a sick industrial unit. A draft rehabilitation scheme is awaited.

The main area of the business:

The company is engaged in the manufacture of rubber products.

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