BSE:514454

Stock Analysis Report

Executive Summary

Southern Latex Limited manufactures and sells rubberized coir products in India.

Snowflake

Fundamentals

Moderate growth potential with acceptable track record.

Share Price & News

How has Southern Latex's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

514454

1.5%

IN Consumer Durables

1.6%

IN Market


1 Year Return

216.7%

514454

10.9%

IN Consumer Durables

0.8%

IN Market

Return vs Industry: 514454 exceeded the Indian Consumer Durables industry which returned 10.9% over the past year.

Return vs Market: 514454 exceeded the Indian Market which returned 0.8% over the past year.


Shareholder returns

514454IndustryMarket
7 Day0%1.5%1.6%
30 Day0%9.1%1.5%
90 Day-5.0%9.1%-3.3%
1 Year216.7%216.7%11.4%10.9%2.7%0.8%
3 Year156.0%156.0%34.1%32.1%22.0%16.0%
5 Year352.0%352.0%134.5%128.0%42.3%29.3%

Price Volatility Vs. Market

How volatile is Southern Latex's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Southern Latex undervalued compared to its fair value and its price relative to the market?

48.02x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate 514454's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate 514454's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 514454 is poor value based on its PE Ratio (48x) compared to the Consumer Durables industry average (22.6x).

PE vs Market: 514454 is poor value based on its PE Ratio (48x) compared to the Indian market (13.1x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 514454's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 514454 is overvalued based on its PB Ratio (1.6x) compared to the IN Consumer Durables industry average (1.3x).


Next Steps

Future Growth

How is Southern Latex forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

28.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 514454's forecast earnings growth (28.5% per year) is above the savings rate (7.6%).

Earnings vs Market: 514454's earnings (28.5% per year) are forecast to grow faster than the Indian market (18.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if 514454's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if 514454's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if 514454's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Southern Latex performed over the past 5 years?

18.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 514454's earnings have grown by 18.7% per year over the past 5 years.

Accelerating Growth: 514454's earnings growth over the past year (26.3%) exceeds its 5-year average (18.7% per year).

Earnings vs Industry: 514454 earnings growth over the past year (26.3%) exceeded the Consumer Durables industry 5.2%.


Return on Equity

High ROE: 514454's Return on Equity (3.4%) is considered low.


Return on Assets

ROA vs Industry: 514454's Return on Assets is below or equal to the Consumer Durables industry average last year.


Return on Capital Employed

ROCE Improving: 514454 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Southern Latex's financial position?


Financial Position Analysis

Short Term Liabilities: 514454's short term assets (₹50.1M) exceeds its short term liabilities (₹708.4K)

Long Term Liabilities: 514454's short term assets (50.1M) exceeds its long term liabilities (1.3M)


Debt to Equity History and Analysis

Debt Level: 514454's debt to equity ratio (2.4%) is considered satisfactory

Reducing Debt: 514454's debt to equity ratio has increased from 2.1% to 2.4% over the past 5 years.

Debt Coverage: Insufficient data to determine if 514454's debt is well covered by operating cash flow.

Interest Coverage: Insufficient data to determine if 514454's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: 514454 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 514454's debt is covered by short term assets (assets are 38.453500x debt).


Next Steps

Dividend

What is Southern Latex's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.5%industryaverage0.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 514454's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 514454's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 514454's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 514454's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 514454's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of Southern Latex's salary, the management and board of directors tenure and is there insider trading?

7.2yrs

Average board tenure


CEO

Namasivayam Pillai (56yo)

0yrs

Tenure

0

Mr. Namasivayam Neelakanda Pillai serves as the Managing Director of Southern Latex Ltd and has been its Executive Director since November 15, 2003. 


Board Age and Tenure

7.2yrs

Average Tenure

56.5yo

Average Age

Experienced Board: 514454's board of directors are considered experienced (7.2 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Namasivayam Pillai (56yo)

    MD & Executive Director

    • Tenure: 0yrs
  • C. Kavitha

    Company Secretary & Compliance Officer

    • Tenure: 0.5yrs
  • V.R. Govindharajulu

    Chief Financial Officer

    • Tenure: 0.4yrs

Board Members

  • Namasivayam Pillai (56yo)

    MD & Executive Director

    • Tenure: 0yrs
  • Vinnakaram Balaji (58yo)

    Non-Executive & Independent Director

    • Tenure: 7.1yrs
  • G. Muralikrishnan (57yo)

    Non-Executive & Independent Director

    • Tenure: 7.3yrs
  • Santhi Sankaran (45yo)

    Non-Executive & Independent Woman Director

    • Tenure: 4.6yrs

Company Information

Southern Latex Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Southern Latex Limited
  • Ticker: 514454
  • Exchange: BSE
  • Founded: 1989
  • Industry: Home Furnishings
  • Sector: Consumer Durables
  • Market Cap: ₹89.488m
  • Shares outstanding: 7.36m
  • Website: https://www.southernlatex.in

Number of Employees


Location

  • Southern Latex Limited
  • B-11/W, SIPCOT Industrial Complex
  • Gummidipoondi
  • Tiruvallur
  • Tamil Nadu
  • 601201
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
514454BSE (Mumbai Stock Exchange)YesEquity SharesININRFeb 2010

Biography

Southern Latex Limited manufactures and sells rubberized coir products in India. It also trades in coir and its related products. The company was incorporated in 1989 and is based in Tiruvallur, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 12:39
End of Day Share Price2019/09/11 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.