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Southern Latex
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Southern Latex Ltd. incorporated as a private limited company on 29 Mar.'89, was converted into a public limited company in Sep.'93. The Company was incorporated to carry on the business of manufacturing, processing and selling of rubberized coir products led by the Promoters of the Company, S Meganathan, G Kumaresan and Nirmal Joseph.
The Company has advanced to become a leading manufacturer and exporter of a comprehensive range of supported industrial gloves coated with natural latex, nitrile and neoprene for the professional Personal Protection Equipment (PPE) markets, as well as consumer retail DIY markets. The factory is in Penang, in the northern part of Peninsula Malaysia. Their glove production exceeds 10 million pairs per annum and products are sold internationally though OEM and private label arrangements with many well known global PPE brands and major retailers in various markets.
The Company implemented project for the manufacture of 90,000 rubberised coir mattresses at Gummidipoondi costing Rs 140 lakhs. It commenced commercial production from Nov.'92.
In Sep.'94, the company came out with a public issue to part-finance its project for the expansion of installed capacity from 90,000 mattresses pa to 1,80,000 mattresses pa; to install facilities for finishing of mattresses ; to set up facilities for coir curling at Cumbum and to set up a latex creaming plant at Thalakkudi (Tirunelveli district). The coir plant and the latex creaming plant became operational in 1994-95.
In 1995-96, the company's new coir and latex creaming plants became fully operational contributing to the reduction in the cost of production.
Initially, the company proposed to enter into manufacture of latex examination gloves. However, during that period the global market for latex examination gloves went through a recession and the units that entered the market ran into problems. Hence, it decided to shelve the project and go into the manufacture of rubberised coir products using curled coir and creamed rubber latex as raw materials.
Southern Latex share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Southern Latex indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Southern Latex is valued compared to its competitors.
Southern Latex PE ratio helps investors understand what is the market value of each stock compared to Southern Latex 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Southern Latex evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Southern Latex generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Southern Latex in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Southern Latex shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Southern Latex compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Southern Latex over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Southern Latex helps investors get an insight into when they can enter or exit the stock. Key components of Southern Latex Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Southern Latex shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Southern Latex ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Southern Latex provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Southern Latex highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Southern Latex .
The balance sheet presents a snapshot of Southern Latex ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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