Southern Latex Ltd

SOUTLAT

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Market Cap

₹ 37 Cr

P/E

153.52

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Investment Checklist

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Performance

MARKET LEADER

Valuation

OVERVALUED

Growth

STABLE

Profitability

MODERATE MARGIN

Technicals

Bearish

Risk

LOW RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Southern Latex Ltd. is a leading manufacturer and exporter of industrial gloves and rubberized coir products, serving both professional PPE and retail markets globally.

The company boasts a production rate exceeding 10 million pairs of gloves annually, tapping into international markets through OEM and private label agreements.

The company has a significant manufacturing presence in Penang, Malaysia, signaling its strategic geographical positioning for global outreach.

Initially envisaging production of latex examination gloves, the company pivoted strategy due to market recession, focusing instead on rubberized coir products.

Southern Latex Ltd. executed major capacity expansions in the early '90s to augment its production and operational infrastructure.

Sector

Textiles

Industry

Textiles - Others

Market Cap

37 Cr

Volatility

Low Risk

P/E Ratio

153.5

Industry P/E

25.9

PEG Ratio

29.9

P/B Ratio

5.5

52W High

89.88

52W Low

18.01

Sales CAGR

—

10Y

—

Profit CAGR

-4.17%

5.14%

4.31%

10Y

6.50%

ROE

TTM

3.55%

3.58%

3.46%

10Y

3.25%

ROCE

TTM

4.18%

4.29%

4.20%

10Y

3.95%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
VCL	1.99	38 Cr	23.22	2.22	0.00	9.91	4.89	3.76
SOUTLAT	48.13	37 Cr	153.52	5.49	0.00	3.55	4.18	3.52
ANGEL	14.73	37 Cr	19.91	1.32	0.00	11.86	10.57	4.09
SIHORA	56.00	30 Cr	—	1.89	0.00	28.46	23.18	10.16
GARMNTMNTR	1.51	30 Cr	5.69	0.62	0.00	7.68	10.26	4.47
NEELAM	13.65	29 Cr	10.56	0.73	0.00	7.85	8.95	2.64
MORARJEE	7.91	28 Cr	—	0.00	0.00	35.78	-21.02	-35.28

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Expenses	0.05	0.06	0.05	0.14	0.05	0.05	0.05	0.11	0.05	0.05
Operating Profit	-0.05	-0.06	-0.05	-0.14	-0.05	-0.05	-0.05	-0.11	-0.05	-0.05
OPM %	—	—	—	—	—	—	—	—	—	—
Other Income	0.06	0.06	0.06	0.36	0.06	0.06	0.06	0.36	0.06	0.06
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit Before Tax	0.01	0.00	0.01	0.22	0.01	0.01	0.01	0.25	0.01	0.01
Tax %	0.00	—	0.00	18.18	0.00	0.00	0.00	16.00	0.00	0.00
Net Profit	0.01	0.00	0.01	0.18	0.01	0.01	0.01	0.21	0.01	0.01
EPS in Rs	0.01	0.01	0.01	0.29	0.01	0.01	0.01	0.29	0.02	0.02

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Expenses	0.24	0.24	0.20	0.24	0.21	0.22	0.23	0.17	0.25	0.26
Operating Profit	-0.23	-0.24	-0.20	-0.24	-0.21	-0.22	-0.23	-0.17	-0.25	-0.26
OPM %	-3,527.67	—	—	—	—	—	—	—	—	—
Other Income	0.45	0.46	0.46	0.49	0.46	0.48	0.54	0.46	0.54	0.54
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.05	0.04	0.03	0.03	0.02	0.02	0.01	0.01	0.01	0.00
Profit Before Tax	0.17	0.19	0.23	0.23	0.24	0.25	0.29	0.28	0.27	0.28
Tax %	19.06	19.06	19.55	19.24	19.25	19.25	19.24	15.59	15.60	14.29
Net Profit	0.14	0.15	0.19	0.19	0.19	0.20	0.24	0.24	0.23	0.24
EPS in Rs	0.18	0.21	0.27	0.26	0.27	0.28	0.32	0.32	0.32	0.34
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	7.36	7.36	7.36	7.36	7.36	7.36	7.36	7.36	7.36	7,35,920
Reserves	-2.35	-2.21	-2.05	-1.87	-1.68	-1.49	-1.29	-1.05	-0.82	-58,767
Borrowings	0.10	0.08	0.07	0.13	0.01	0.01	0.01	0.00	0.00	0.00
Other Liabilities	0.02	0.02	0.03	0.07	0.07	0.11	0.16	0.17	0.12	13,249
Total Liabilities	5.13	5.26	5.41	5.69	5.76	6.00	6.24	6.48	6.66	6,90,402
Fixed Assets	0.81	0.76	0.71	0.68	0.65	0.63	0.61	0.59	0.58	56,507
CWIP	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
Other Assets	4.32	4.49	4.69	5.01	5.11	5.37	5.63	5.88	6.08	6,33,895
Total Assets	5.13	5.26	5.41	5.69	5.76	6.00	6.24	6.48	6.66	6,90,402

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-0.12	-0.26	-0.30	-0.31	-0.27	-0.29	-0.28	-0.30	-0.34	-22,467
Cash from Investing Activity	-0.06	0.30	0.30	0.30	0.32	0.30	0.30	0.30	0.30	29,902
Cash from Financing Activity	0.00	-0.02	-0.01	0.06	-0.12	0.00	0.00	0.00	0.00	0.00
Net Cash Flow	-0.18	0.02	-0.01	0.04	-0.07	0.01	0.02	-0.00	-0.05	7,436

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	55.67%	55.67%	55.95%	55.95%	55.95%	55.95%	55.95%	55.95%	55.95%	60.81%	60.81%	60.81%
FIIs	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%
DIIs	2.26%	2.26%	2.26%	2.26%	2.26%	2.26%	2.26%	2.26%	2.26%	2.26%	2.26%	2.26%
Public	40.43%	40.43%	40.14%	40.14%	40.14%	40.14%	40.14%	40.14%	40.14%	35.29%	35.29%	35.29%
Total Shareholders	6,981	6,981	6,949	6,923	6,920	6,974	6,985	7,054	7,089	7,083	7,080	7,045

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Mar 29, 2025	It village.com private limited	Insider - Other	Disposal	20.50	0.73 Cr	3,58,000	4.85
Mar 29, 2025	Klassic industries private li...	Insider - Promoter	Acquisition	20.50	0.73 Cr	3,57,581	4.85
Mar 27, 2025	It village com private ltd	Bulk	Sell	20.50	0.73 Cr	3,58,000	4.86
Mar 27, 2025	Klassic industries private li...	Bulk	Buy	20.50	0.73 Cr	3,57,581	4.85

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

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Documents

Presentations

Concalls

Reports

Presentations

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Overall

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Moving Averages

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Financial Statements

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Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Expenses	0.05	0.06	0.05	0.14	0.05	0.05	0.05	0.11	0.05	0.05
Operating Profit	-0.05	-0.06	-0.05	-0.14	-0.05	-0.05	-0.05	-0.11	-0.05	-0.05
OPM %	—	—	—	—	—	—	—	—	—	—
Other Income	0.06	0.06	0.06	0.36	0.06	0.06	0.06	0.36	0.06	0.06
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit Before Tax	0.01	0.00	0.01	0.22	0.01	0.01	0.01	0.25	0.01	0.01
Tax %	0.00	—	0.00	18.18	0.00	0.00	0.00	16.00	0.00	0.00
Net Profit	0.01	0.00	0.01	0.18	0.01	0.01	0.01	0.21	0.01	0.01
EPS in Rs	0.01	0.01	0.01	0.29	0.01	0.01	0.01	0.29	0.02	0.02

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Expenses	0.24	0.24	0.20	0.24	0.21	0.22	0.23	0.17	0.25	0.26
Operating Profit	-0.23	-0.24	-0.20	-0.24	-0.21	-0.22	-0.23	-0.17	-0.25	-0.26
OPM %	-3,527.67	—	—	—	—	—	—	—	—	—
Other Income	0.45	0.46	0.46	0.49	0.46	0.48	0.54	0.46	0.54	0.54
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.05	0.04	0.03	0.03	0.02	0.02	0.01	0.01	0.01	0.00
Profit Before Tax	0.17	0.19	0.23	0.23	0.24	0.25	0.29	0.28	0.27	0.28
Tax %	19.06	19.06	19.55	19.24	19.25	19.25	19.24	15.59	15.60	14.29
Net Profit	0.14	0.15	0.19	0.19	0.19	0.20	0.24	0.24	0.23	0.24
EPS in Rs	0.18	0.21	0.27	0.26	0.27	0.28	0.32	0.32	0.32	0.34
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	7.36	7.36	7.36	7.36	7.36	7.36	7.36	7.36	7.36	7,35,920
Reserves	-2.35	-2.21	-2.05	-1.87	-1.68	-1.49	-1.29	-1.05	-0.82	-58,767
Borrowings	0.10	0.08	0.07	0.13	0.01	0.01	0.01	0.00	0.00	0.00
Other Liabilities	0.02	0.02	0.03	0.07	0.07	0.11	0.16	0.17	0.12	13,249
Total Liabilities	5.13	5.26	5.41	5.69	5.76	6.00	6.24	6.48	6.66	6,90,402
Fixed Assets	0.81	0.76	0.71	0.68	0.65	0.63	0.61	0.59	0.58	56,507
CWIP	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
Other Assets	4.32	4.49	4.69	5.01	5.11	5.37	5.63	5.88	6.08	6,33,895
Total Assets	5.13	5.26	5.41	5.69	5.76	6.00	6.24	6.48	6.66	6,90,402

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-0.12	-0.26	-0.30	-0.31	-0.27	-0.29	-0.28	-0.30	-0.34	-22,467
Cash from Investing Activity	-0.06	0.30	0.30	0.30	0.32	0.30	0.30	0.30	0.30	29,902
Cash from Financing Activity	0.00	-0.02	-0.01	0.06	-0.12	0.00	0.00	0.00	0.00	0.00
Net Cash Flow	-0.18	0.02	-0.01	0.04	-0.07	0.01	0.02	-0.00	-0.05	7,436

Overview

Detailed Summary

Southern Latex Ltd. is a leading manufacturer and exporter of industrial gloves and rubberized coir products, serving both professional PPE and retail markets globally.

The company boasts a production rate exceeding 10 million pairs of gloves annually, tapping into international markets through OEM and private label agreements.

The company has a significant manufacturing presence in Penang, Malaysia, signaling its strategic geographical positioning for global outreach.

Initially envisaging production of latex examination gloves, the company pivoted strategy due to market recession, focusing instead on rubberized coir products.

Southern Latex Ltd. executed major capacity expansions in the early '90s to augment its production and operational infrastructure.

Sector

Textiles

Industry

Textiles - Others

Market Cap

37 Cr

Volatility

Low Risk

P/E Ratio

153.5

Industry P/E

25.9

PEG Ratio

29.9

P/B Ratio

5.5

52W High

89.88

52W Low

18.01

Sales CAGR

—

10Y

—

Profit CAGR

-4.17%

5.14%

4.31%

10Y

6.50%

ROE

TTM

3.55%

3.58%

3.46%

10Y

3.25%

ROCE

TTM

4.18%

4.29%

4.20%

10Y

3.95%

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
VCL	1.99	38 Cr	23.22	2.22	0.00	9.91	4.89	3.76
SOUTLAT	48.13	37 Cr	153.52	5.49	0.00	3.55	4.18	3.52
ANGEL	14.73	37 Cr	19.91	1.32	0.00	11.86	10.57	4.09
SIHORA	56.00	30 Cr	—	1.89	0.00	28.46	23.18	10.16
GARMNTMNTR	1.51	30 Cr	5.69	0.62	0.00	7.68	10.26	4.47
NEELAM	13.65	29 Cr	10.56	0.73	0.00	7.85	8.95	2.64
MORARJEE	7.91	28 Cr	—	0.00	0.00	35.78	-21.02	-35.28